Is Oceanside ripe?

[patientrenter]

Fellow Piggs, I am wondering whether Oceanside has ripened yet for us cheap buyers. I saw this property, a 1300 sq ft SFR built in 1996 for $285K:

4314 Arbor Cove Cir
Oceanside, CA 92058.

It was sold new for $142K in 1996, at the bottom of the last cycle. Add 40% for (official published CPI) inflation since then, and you get to $200K. So it’s still 40% over the inflation-adjusted price at observed cycle bottoms, but it strikes me as a price that is a heck of a lot less than where the market has been for the last 5-7 years, so my interest is stirring.

I’ve heard warnings about Oceanside. This property is very close the Marine base, and about 3-4 miles inland. What do you think of the area – safety, noise, climate…?

[peterb]

Not sure if it’s ripe, but it sure smells like it.
Actaully, I like the place.

[peterb]

Not sure if it’s ripe, but it sure smells like it.
Actaully, I like the place.

[peterb]

Not sure if it’s ripe, but it sure smells like it.
Actaully, I like the place.

[peterb]

Not sure if it’s ripe, but it sure smells like it.
Actaully, I like the place.

[peterb]

Not sure if it’s ripe, but it sure smells like it.
Actaully, I like the place.

[patientrenter]

Thanks, peterb. I lived in Orange County before moving to the East Coast last year. But I don’t know San Diego county very well, so I don’t have a feel for the safety and livability of the neighborhoods. Oceanside seems to have a great coastal location, but was tarnished by the demographic and income profile of the people associated with the Marine base. (No insult to Marines here – males aged 18-25 share some characteristics, and if you don’t pay them a lot, then the community that serves them also shares some characteristics.)

[patientrenter]

Thanks, peterb. I lived in Orange County before moving to the East Coast last year. But I don’t know San Diego county very well, so I don’t have a feel for the safety and livability of the neighborhoods. Oceanside seems to have a great coastal location, but was tarnished by the demographic and income profile of the people associated with the Marine base. (No insult to Marines here – males aged 18-25 share some characteristics, and if you don’t pay them a lot, then the community that serves them also shares some characteristics.)

[patientrenter]

Thanks, peterb. I lived in Orange County before moving to the East Coast last year. But I don’t know San Diego county very well, so I don’t have a feel for the safety and livability of the neighborhoods. Oceanside seems to have a great coastal location, but was tarnished by the demographic and income profile of the people associated with the Marine base. (No insult to Marines here – males aged 18-25 share some characteristics, and if you don’t pay them a lot, then the community that serves them also shares some characteristics.)

[patientrenter]

Thanks, peterb. I lived in Orange County before moving to the East Coast last year. But I don’t know San Diego county very well, so I don’t have a feel for the safety and livability of the neighborhoods. Oceanside seems to have a great coastal location, but was tarnished by the demographic and income profile of the people associated with the Marine base. (No insult to Marines here – males aged 18-25 share some characteristics, and if you don’t pay them a lot, then the community that serves them also shares some characteristics.)

[patientrenter]

Thanks, peterb. I lived in Orange County before moving to the East Coast last year. But I don’t know San Diego county very well, so I don’t have a feel for the safety and livability of the neighborhoods. Oceanside seems to have a great coastal location, but was tarnished by the demographic and income profile of the people associated with the Marine base. (No insult to Marines here – males aged 18-25 share some characteristics, and if you don’t pay them a lot, then the community that serves them also shares some characteristics.)

[AK]

IMO Oceanside is a bit overripe for cheap buyers. It is attracting a lot of investor attention at the moment, and REOs in decent shape get bombarded with multiple bids. Most of the good short sales have been tied up in offers too, leaving only the non-serious sellers and those hampered by delusional lenders/servicers.

That area of Oceanside has an iffy reputation, but that particular house seems to be in one of the better parts of that area.

Neighborhoods are funny things though. (For example, I live in a mini-ghetto in what is otherwise one of Orange County’s most affluent ZIP codes.) Drive through the surrounding area at night and on weekends to get a better feel for it.

And remember to check the flood maps to see if you’re in a flood zone.

[AK]

IMO Oceanside is a bit overripe for cheap buyers. It is attracting a lot of investor attention at the moment, and REOs in decent shape get bombarded with multiple bids. Most of the good short sales have been tied up in offers too, leaving only the non-serious sellers and those hampered by delusional lenders/servicers.

That area of Oceanside has an iffy reputation, but that particular house seems to be in one of the better parts of that area.

Neighborhoods are funny things though. (For example, I live in a mini-ghetto in what is otherwise one of Orange County’s most affluent ZIP codes.) Drive through the surrounding area at night and on weekends to get a better feel for it.

And remember to check the flood maps to see if you’re in a flood zone.

[AK]

IMO Oceanside is a bit overripe for cheap buyers. It is attracting a lot of investor attention at the moment, and REOs in decent shape get bombarded with multiple bids. Most of the good short sales have been tied up in offers too, leaving only the non-serious sellers and those hampered by delusional lenders/servicers.

That area of Oceanside has an iffy reputation, but that particular house seems to be in one of the better parts of that area.

Neighborhoods are funny things though. (For example, I live in a mini-ghetto in what is otherwise one of Orange County’s most affluent ZIP codes.) Drive through the surrounding area at night and on weekends to get a better feel for it.

And remember to check the flood maps to see if you’re in a flood zone.

[AK]

IMO Oceanside is a bit overripe for cheap buyers. It is attracting a lot of investor attention at the moment, and REOs in decent shape get bombarded with multiple bids. Most of the good short sales have been tied up in offers too, leaving only the non-serious sellers and those hampered by delusional lenders/servicers.

That area of Oceanside has an iffy reputation, but that particular house seems to be in one of the better parts of that area.

Neighborhoods are funny things though. (For example, I live in a mini-ghetto in what is otherwise one of Orange County’s most affluent ZIP codes.) Drive through the surrounding area at night and on weekends to get a better feel for it.

And remember to check the flood maps to see if you’re in a flood zone.

[Author]

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