Originally posted by Master33
but that ---- is about to change soon...the real estate market in smoggy Orange County has inflated about as far as it can possibly go. More ppl are actualy leaving than moving in.
EHHH!!! incorrect.
the market keeps going up. more people are moving in than leaving, SFR's are taking an average of 1 day to be on the MLS before about 8 offers pour in the fax, condos take about 2 days, and the only people that are leaving are the ones who can't afford it anymore. so what they're doing is flooding into the surrounding riverside & san bernardino counties, which is driving even THOSE crappy areas up in value!
new areas like ladera ranch, foothill ranch, northern irvine & tustin ranch, aliso viejo & rancho santa margarita continue to build on new land and the new construction homes are all sold pretty much before the land is even developed.
existing areas are developing on every possible open space. huntington beach, fountain valley, and newport beach are taking every piece of available land and cramming as many homes and businesses as possible. as with everything else, buyers are beating down the doors.
crappy areas are even rebuilding! santa ana and anaheim have both gone through MAJOR revonvations. a co-worker of mine bought an SFR in anaheim 2 years ago for $189,000 and it just appraised for $499,000 last month (no improvements were done).
there's still plenty of land to develope. tons of businesses are moving down here, the new toll roads have made a tremendous impact, and a brand new international airport is still in talks that will DEFINETELY up tourism (not to mention talks of expanding the disneyland monorail system to it).
trust me, we're doing just fine