Ladera Ranch?

NEW -> Contingent Buyer Assistance Program
<p>The bulk of the community was built during bubble years. Not many Ladera residents have a thick equity cushion.</p>

<p>Oh, and a sucky commute too. </p>
 
<p>Yep, quite alot of Fraud went on there... You know, buy the house and then immediately go DOA - Default on Arrival! </p>

<p>( Of course they would take out a second loan and then rent it out until the house was foreclosed....)</p>

<p>Anyways good luck</p>

<p>-bix</p>
 
Whoo Wee! This could get ugly.



"Residents' protests put Ladera Ranch power plant construction on hold" O.C. Register, Dec 14.



www.ocregister.com/ocregister/news/local/article_1942937.php



Combine an area with many homes and homeowners at risk financially, with a perceived environmental issue that can be the whipping boy for a decline in home values. Stir in apparent issues of not properly informing the home owners and NIMBY (Not In My Back Yard) thinking. Cook in outrage and anger. Spice with misinformation and fear.
 
<p>When the power company needs to load trim on a 100F summer day, they can simply cut off power to Ladera. Problem solved.</p>

<p>Edit: ...or they could build one of <a target="_blank" href="http://hardware.slashdot.org/article.pl?sid=07/12/20/0429200&from=rss">these</a>.</p>
 
<p>Effen, </p>

<p> Instead of that I'd use one of those small natural gas micro power station (hybrid turbine design). Good luck</p>

<p>-bix</p>
 
OUCH!





Previous sale 9/16/2005 for $539,000





Current price $385,000





That's a 28.5% reduction in the 2005 sales price.





http://redfin.com/stingray/do/listings-search#residential=true&condo=true&min_price=300000&max_price=450000&num_beds=2&num_baths=2&time_on_market_range=-&min_listing_approx_size=1250&max_listing_approx_size=&sold_within_months=0&min_parcel_size=&max_parcel_size=&min_year_built=&max_year_built=&status=1&lat=33.60861492433043&long=-117.69104003906251&zoomLevel=11&disp_mode=B&market=socal









 
Recent foreclosure activity in Ladera Ranch...





<strong>11 Duskywing Court </strong>back to the bank 4/1 for $669,375


<strong>36 Foliate Way </strong>back to bank 4/2 for $1,088,492.20


<strong>18 Merrill Hill </strong>back to bank 4/2 for $1,305,000...<strong>2 Merrill Hill </strong>is actually scheduled for auction Monday, notice of sale amount is $1,532,888.43
 
Ladera is truly a bloodbath. <a href="http://ushomeauction.com/property.php?auctionID=H-023&itemID=16200&venueId=96&start=0">Check out the home up for the REDC auction on Sunday</a>. $899k minimum bid for 4576 sqft. O U C H!





<img src="http://www.mylandhome.com/auctions/auctions29/1001355234-6.jpg" alt="" />





The REDC auction is like a South County orgy of homes, my gawd it is bad. Where is sighburrdud when you need him?
 
Check out this price reduction history in Ladera





http://www.redfin.com/stingray/do/printable-listing?listing-id=1101321







<thead>

Date



Price



</thead>









Sep 04, 2007



$3,499,000











Sep 11, 2007



$2,999,000











Oct 05, 2007



$2,899,000











Oct 08, 2007



$2,999,900











Oct 16, 2007



$2,899,900











Oct 21, 2007



$2,499,900











Nov 03, 2007



$2,999,999











Nov 04, 2007



$3,000,000











Nov 27, 2007



$2,999,999











Jan 12, 2008



$2,999,900











Jan 16, 2008



$2,899,900











Mar 07, 2008



$2,799,900











Mar 13, 2008



$2,499,900










But i guess they need to keep up with the Joneses about 2 houses away


http://www.redfin.com/stingray/do/printable-listing?listing-id=670825











Apr 20, 2007



$3,199,000











Apr 22, 2007



$2,950,000











Apr 28, 2007



$2,879,000











May 08, 2007



$2,850,000











Jan 09, 2008



$2,599,000








 
Those ultra-low auction prices are deceptive - like a bait-and-switch, only with the same product both the bait and the switch. There was one property from Ladera that was put up for auction at something like $130/month. But the auction failed, and they put it on the market at nearly <b>twice</b> the price. No doubt that price was the reserve. Same with this - I bet the reserve is at least 1.3 million.
 
I believe that house was sold for $1.35M at the auction this past weekend. Crazy someone would pay over $280/sq ft for that house right now.
 
So does ladera simply a portent for what irvine will be in a year, or is it on its own special death spiral that is going to get a lot worse. Obviously, its in a less disiarable location. But man, i'm seeing some nice stuff for less then $250 a square foot. Where will it end?
 
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