Comments on South OC Real Estate Tracker: Buy a new house

$500 HOAs would certainly be a deal killer. The ra...

2009-10-04T10:33:23.216-07:00

$500 HOAs would certainly be a deal killer. The rate they are quoting now is about $345 per month (assume it's because now that more people are moved in, there are more to support the HOA).

You'd be paying into three different agencies - one for Aliso Viejo, one for Glenwood and one for the development itself (much like Ladera). Those can add up quickly. If you buy one of the detached homes, there is no third association since you're taking care of the exterior and yard yourself. That at least reduces the HOA burden, but IMO those houses as a whole are still overpriced.

$500 a month in HOAs? Mello Roos? Mine as well li...

2009-10-04T01:16:53.234-07:00

$500 a month in HOAs? Mello Roos? Mine as well live in Ladera Ranch cheaper HOAs and 3 beds in the $300Ks.

I would buy neither. I visited these new developm...

2009-10-03T21:47:48.619-07:00

I would buy neither. I visited these new developments in AV 2 years ago when they first came out. I thought the HOAs on all these 3 were outrageous. They were in the range of $500+ a month depends on the unit you are buying. The money is to maintain the "exclusive" golf course, pools for Harbor Station and the common park of the complex for the other twos. They had some deals with lower HOA for the first year you live there but after that...... they will raise as they need to maintain them(I think was the idea of the tiny clause). I thought that might be a deal killer. They are selling the life styles living in these places. The HOAs made me think of the Marquees towers in Irvine.