Ladera Ranch

Hi Joe,



That is the impression I got as well regarding 'stage of life'. In addition to that, I am just really concerned about Ladera Pricing since it was basically built during the bubble so there is no 'baseline' to see how it will perform price wise against other communities during a normal housing market. It has a lot of positives (schools, new community, kid friendly) but in addition there are negatives (far from work, inland OC, no history of pricing).



So this is why my wife and I keep adding Ladera to our search mix and then cross it off. We really like the houses there but not the inland locale and are terrified about losing our down payment if prices plummet compared to other communities. If prices will only drop another 5% or so in the $750-$800K range of houses for sale now, I can handle that. But a 10-20% drop will drive me to drink.

If we could transplant the house to Aliso, we would be set. :)
 
[quote author="Joe33" date=1250040775][quote author="davenlei" date=1250033146]I am also considering Laguna Niguel. If given the choice, would you rather live in Ladera or Laguna Niguel?</blockquote>


I would say it depends on the stage of life. With young kids, I would take Ladera since everybody there is pretty much in the same boat. For a little older family, I would say Laguna Niguel.</blockquote>
The newer developments in Laguna Niguel, the homes built by Shappell/S&S have a more younger family-oriented mix... and NO Mello Roos.
 
[quote author="irvine_home_owner" date=1250051044][quote author="Joe33" date=1250040775][quote author="davenlei" date=1250033146]I am also considering Laguna Niguel. If given the choice, would you rather live in Ladera or Laguna Niguel?</blockquote>


I would say it depends on the stage of life. With young kids, I would take Ladera since everybody there is pretty much in the same boat. For a little older family, I would say Laguna Niguel.</blockquote>
The newer developments in Laguna Niguel, the homes built by Shappell/S&S have a more younger family-oriented mix... and NO Mello Roos.</blockquote>


Yes, I actually took a look in that area. The gated community is very nice but it felt a little out of place since the surrounding areas were much older (I read that S&S sometimes holds land until a city is established and then builds to have the newest houses for sale in an established area). So instead of driving out of your neighborhood built in the '90's and going to grocery stores, etc. built around the same time, you are going to your 1970's look and feel Ralphs and restaurants. I guess what I am saying is that the gated community does not feel homogeneous to the surrounding area if you understand what I mean.

I have to admit that I did not look around that area much so my little experience when looking at houses there once may be completely off base and I need to go back and take another look.
 
I understand what you're saying.



But personally... if the area is nice... I don't mind having the newest house on the block... maybe it's the wannabe time-traveler in me.
 
If you're thinking Laguna Niguel and don't mind a little bit older homes (1987-1994), take a look at Bear Brand Ridge. Bear Brand Ridge doesn't have the same recreational facilities that you will find in Ladera, but its a great family neighborhood and being situated between two high-end neighborhoods (Bear Brand Ranch and Ocean Ranch), it has a better chance of holding its value. Also, being 1.2 miles from the beach helps too. If you're looking to spend a little more, Saint Paul in Ocean Ranch is a great option as long as you don't back to Golden Lantern. Most prospective buyers in Laguna Niguel prefer these two areas over the newer San Juan Hills development, mostly, from what I've noticed, because of proximity to the beach and the ocean breezes. There really is a 10-15 degree temperature difference in the two areas.
 
[quote author="davenlei" date=1250045980]Hi Joe,



That is the impression I got as well regarding 'stage of life'. In addition to that, I am just really concerned about Ladera Pricing since it was basically built during the bubble so there is no 'baseline' to see how it will perform price wise against other communities during a normal housing market. It has a lot of positives (schools, new community, kid friendly) but in addition there are negatives (far from work, inland OC, no history of pricing).



So this is why my wife and I keep adding Ladera to our search mix and then cross it off. We really like the houses there but not the inland locale and are terrified about losing our down payment if prices plummet compared to other communities. If prices will only drop another 5% or so in the $750-$800K range of houses for sale now, I can handle that. But a 10-20% drop will drive me to drink.

If we could transplant the house to Aliso, we would be set. :)</blockquote>


I am a big proponent of picking the location you want over the physical house that you want. If you really like Aliso, then I'd just go to Aliso. I would rather sacrifice 400 square feet of house to get the location I want. But obviously that decision is different for everybody.
 
[quote author="Joe33" date=1250064426]I am a big proponent of picking the location you want over the physical house that you want. If you really like Aliso, then I'd just go to Aliso. I would rather sacrifice 400 square feet of house to get the location I want. But obviously that decision is different for everybody.</blockquote>
This, my friend, is the non-fundamental reason why Irvine pricing is so stubborn.



FCBs love Irvine.



(it's been a while since graph has bashed me for mentioning them)
 
Yea, we have been looking for 400-500 Sq. Ft. less for the same price in Aliso than Ladera but nothing worth beans comes up. I see tons of P's and A's for Aliso on the Foreclosure Radar site but nothing 'right priced' in Aliso right now. Just some people wanting WTF prices which is why their houses sit on the MLS for a long time.



So Since everyone talks about Irvine (since this is the IHB), what is peoples opinion of how much more of a drop there will be needed to hit 'approximate' bottom in Aliso and Ladera?



BTW, I had to drop my Mom off in Ladera this morning (near Covenant Hills), and to get to work in Buena Park (Near Knott's) took me about 40 minutes and very light traffic. Not terribly bad as I thought it would be.
 
[quote author="irvine_home_owner" date=1250084633][quote author="Joe33" date=1250064426]I am a big proponent of picking the location you want over the physical house that you want. If you really like Aliso, then I'd just go to Aliso. I would rather sacrifice 400 square feet of house to get the location I want. But obviously that decision is different for everybody.</blockquote>
This, my friend, is the non-fundamental reason why Irvine pricing is so stubborn.



FCBs love Irvine.



(it's been a while since graph has bashed me for mentioning them)</blockquote>


I think white people do too, for a combination of good schools/low crime/close to jobs/moderate climate.
 
[quote author="irvine_home_owner" date=1250084633][quote author="Joe33" date=1250064426]I am a big proponent of picking the location you want over the physical house that you want. If you really like Aliso, then I'd just go to Aliso. I would rather sacrifice 400 square feet of house to get the location I want. But obviously that decision is different for everybody.</blockquote>
This, my friend, is the non-fundamental reason why Irvine pricing is so stubborn.



FCBs love Irvine.



(it's been a while since graph has bashed me for mentioning them)</blockquote>


The recent buyers are not foreign cash buyers. They are ABC's with a gift of large down payment from their frugal parents saving account saved over the years from creative tax preparation. The money was not swept up from the streets of Asia.
 
[quote author="bkshopr" date=1250126414][quote author="irvine_home_owner" date=1250084633][quote author="Joe33" date=1250064426]I am a big proponent of picking the location you want over the physical house that you want. If you really like Aliso, then I'd just go to Aliso. I would rather sacrifice 400 square feet of house to get the location I want. But obviously that decision is different for everybody.</blockquote>
This, my friend, is the non-fundamental reason why Irvine pricing is so stubborn.



FCBs love Irvine.



(it's been a while since graph has bashed me for mentioning them)</blockquote>


The recent buyers are not foreign cash buyers. They are ABC's with a gift of large down payment from their frugal parents saving account saved over the years from creative tax preparation. The money was not swept up from the streets of Asia.</blockquote>
Screen shot!!!



And even if this is true... one can argue that the parents still qualify as FCBs.
 
There is a difference. FCB is ethnic buyers buying with foreign cash and not ethnic buyers buying with cash saved in America in the case of Ivy.
 
[quote author="bkshopr" date=1250129485]There is a difference. FCB is ethnic buyers buying with foreign cash and not ethnic buyers buying with cash saved in America in the case of Ivy.</blockquote>
Ahh... this is where the confusion lies:



Foreign = ethnic origin of buyer

Cash = big down payment

Buyer = someone who will pay the price



It's not the cash that has to be foreign. It does not matter where the money is saved or generated... as long as it is cash and does not rely on the normal restrictions a credit transaction would be beholden too.
 
Can someone post a picture of Foreclosure in Ladera Ranch? If it doesn't all fit on 1 map, can you focus on Covenant Hills?



For some reason, I start to like Ladera. It seems like it has a lot to offer. The only con is commute which is either long (via 5/405) or costly (via 73). Nonetheless, it's an interesting neighborhood that I'll keep my eye on.
 
[quote author="Roo" date=1250635697]Can someone post a picture of Foreclosure in Ladera Ranch? If it doesn't all fit on 1 map, can you focus on Covenant Hills?



For some reason, I start to like Ladera. It seems like it has a lot to offer. The only con is commute which is either long (via 5/405) or costly (via 73). Nonetheless, it's an interesting neighborhood that I'll keep my eye on.</blockquote>


Roo,



I like many of the homes in Ladera. Some homes are really cool and others are WTF layouts. I had an offer on a home in Ladera but backed out after driving from there to work (Buena Park). There was not much traffic, but it was a long drive still. Personally I feel like Ladera has a ways more to fall since it is more inland and south. In addition, it is competing somewhat with Coto and I see that Coto prices still dropping with some pretty sweet houses for less than Ladera equivalents.
 
[quote author="Roo" date=1250635697]Can someone post a picture of Foreclosure in Ladera Ranch? If it doesn't all fit on 1 map, can you focus on Covenant Hills?



For some reason, I start to like Ladera. It seems like it has a lot to offer. The only con is commute which is either long (via 5/405) or costly (via 73). Nonetheless, it's an interesting neighborhood that I'll keep my eye on.</blockquote>


<img src="http://irvinerealtorsite.com/images/1ladera081809.JPG" alt="" />

<img src="http://irvinerealtorsite.com/images/2ladera081809.JPG" alt="" />

<img src="http://irvinerealtorsite.com/images/3ladera081809.JPG" alt="" />

<img src="http://irvinerealtorsite.com/images/4ladera081809.JPG" alt="" />



-IR2
 
[quote author="IrvineRealtor" date=1250642104]<img src="http://irvinerealtorsite.com/images/4ladera081809.JPG" alt="" />



-IR2</blockquote>


It looks like Deuce had some sort of data point selected to restrict the results. Here is what the southside/cov hells looks like for me...



http://i31.tinypic.com/6t03lt.jpg
 
[quote author="graphrix" date=1250648614]



It looks like Deuce had some sort of data point selected to restrict the results. Here is what the southside/cov hells looks like for me...



http://i31.tinypic.com/6t03lt.jpg</blockquote>


For some selfish reason I like that better!
 
So it appears that if I do "Ladera Ranch" as the search in foreclosure radar. My map on ForeclosureRadar looks like IR2. But if I do the search for just "92694" then it looks like Graph's.



And the properties coming up went from 171 to 374 when I changed it.....



What is the reason behind this? Now my spreasheet to track the numbers seems pretty worthless since I don't know which number I used for each city
 
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