I live around the corner from Orion and can attest that it’s not a pretty picture. It’s the poster child for all of the insanity of 2005-06.
You’ve got bank-owned, unoccupied, non-owner occupied. There are actually some frat guys (I’m assuming from CSUSM) renting one of the houses with the requisite four cars in the driveway.
There’s a car on blocks in one of the driveways and a humongous oil stain on another driveway.
And or course plenty of unkempt yards.
But like sdr said, there is demand. I know someone who made a full-price offer on one of the REOs on Horizon and was told that it wasn’t close to being enough.
