Where to buy with $1mm? Oceanside? La Costa?

[Anonymous]

Hi NY,

I echo everyones comments, do avoid Oceanside. I’m following The Crosby and The Lakes fairly closely and doubt you’ll find any takers at $1mil. Have a look at San Antonio Rose St. in Crosby, I’ve seen a couple homes pop up there for $1.1 but they are under 4k sq. ft. More info here: http://www.redfin.com/search#lat=33.03807902341769&long=-117.14916944503784&zoomLevel=16&region_id=38126&region_type=2&market=socal&v=2

Lennar is building 2 new communities in the Lakes (models open in June), Espada and Revena. TBD on pricing but they say “low millions”.

I like Scripps Preserve in Stonebridge, but don’t like the heat that far east. Traffic can also be a problem during commute hours but it doesn’t sound like that is an issue for you. The supporting infrastructure in Scripps is also a bit older than you’d find in west of the 15 in 92127.

The tax rate in The Lakes and the Crosby are similar, about 1.6%. This includes special assessments/MR. Homeowners in The Lakes is about $540 and I believe the Crosby is around $520.

+B

[nybuyer]

sdr

I’m originally from LA (born and raised), went to school in Northern California, lived abroad for a bit, then moved to NYC for work, where I’ve been for the past 4 years. I live/work in Manhattan (midtown), where I will probably be until next year when I decide whether to stay another year or move back to California – much of that decision will be based on where Wall St is next year, so time will tell.

What I like about The Crosby is that it is a gated golf community-a very nice one at that-that is relatively close to the coast, so it still has a nice, temperate climate. I’m originally from the South Bay part of LA (Redondo Beach/Torrance), so I’m used to a year round climate that oscillates between 65-75 degF.

I was running the math yesterday on the impact MR has on financing. In The Crosby, for the houses in the $1.3-1.5mm range, MR averages somewhere around $6500/year, which comes to $550 or so per month. From what I can tell, MR taxes are not tax-deductible, so $550/mo is effectively an after-tax number, which is roughly equal to another $150K mortgage. (Similarly, the HOA fees which are also around $500/mo would be akin to another $125K mortgage). All in, between the high HOA and MR, its as if you’re paying another $275K for a house in the Crosby (or comparable community).

Is Olivenhain a new community or something akin to the Covenant/FBR?

[nybuyer]

sdr

I’m originally from LA (born and raised), went to school in Northern California, lived abroad for a bit, then moved to NYC for work, where I’ve been for the past 4 years. I live/work in Manhattan (midtown), where I will probably be until next year when I decide whether to stay another year or move back to California – much of that decision will be based on where Wall St is next year, so time will tell.

What I like about The Crosby is that it is a gated golf community-a very nice one at that-that is relatively close to the coast, so it still has a nice, temperate climate. I’m originally from the South Bay part of LA (Redondo Beach/Torrance), so I’m used to a year round climate that oscillates between 65-75 degF.

I was running the math yesterday on the impact MR has on financing. In The Crosby, for the houses in the $1.3-1.5mm range, MR averages somewhere around $6500/year, which comes to $550 or so per month. From what I can tell, MR taxes are not tax-deductible, so $550/mo is effectively an after-tax number, which is roughly equal to another $150K mortgage. (Similarly, the HOA fees which are also around $500/mo would be akin to another $125K mortgage). All in, between the high HOA and MR, its as if you’re paying another $275K for a house in the Crosby (or comparable community).

Is Olivenhain a new community or something akin to the Covenant/FBR?

[nybuyer]

sdr

I’m originally from LA (born and raised), went to school in Northern California, lived abroad for a bit, then moved to NYC for work, where I’ve been for the past 4 years. I live/work in Manhattan (midtown), where I will probably be until next year when I decide whether to stay another year or move back to California – much of that decision will be based on where Wall St is next year, so time will tell.

What I like about The Crosby is that it is a gated golf community-a very nice one at that-that is relatively close to the coast, so it still has a nice, temperate climate. I’m originally from the South Bay part of LA (Redondo Beach/Torrance), so I’m used to a year round climate that oscillates between 65-75 degF.

I was running the math yesterday on the impact MR has on financing. In The Crosby, for the houses in the $1.3-1.5mm range, MR averages somewhere around $6500/year, which comes to $550 or so per month. From what I can tell, MR taxes are not tax-deductible, so $550/mo is effectively an after-tax number, which is roughly equal to another $150K mortgage. (Similarly, the HOA fees which are also around $500/mo would be akin to another $125K mortgage). All in, between the high HOA and MR, its as if you’re paying another $275K for a house in the Crosby (or comparable community).

Is Olivenhain a new community or something akin to the Covenant/FBR?

[nybuyer]

sdr

I’m originally from LA (born and raised), went to school in Northern California, lived abroad for a bit, then moved to NYC for work, where I’ve been for the past 4 years. I live/work in Manhattan (midtown), where I will probably be until next year when I decide whether to stay another year or move back to California – much of that decision will be based on where Wall St is next year, so time will tell.

What I like about The Crosby is that it is a gated golf community-a very nice one at that-that is relatively close to the coast, so it still has a nice, temperate climate. I’m originally from the South Bay part of LA (Redondo Beach/Torrance), so I’m used to a year round climate that oscillates between 65-75 degF.

I was running the math yesterday on the impact MR has on financing. In The Crosby, for the houses in the $1.3-1.5mm range, MR averages somewhere around $6500/year, which comes to $550 or so per month. From what I can tell, MR taxes are not tax-deductible, so $550/mo is effectively an after-tax number, which is roughly equal to another $150K mortgage. (Similarly, the HOA fees which are also around $500/mo would be akin to another $125K mortgage). All in, between the high HOA and MR, its as if you’re paying another $275K for a house in the Crosby (or comparable community).

Is Olivenhain a new community or something akin to the Covenant/FBR?

[nybuyer]

sdr

I’m originally from LA (born and raised), went to school in Northern California, lived abroad for a bit, then moved to NYC for work, where I’ve been for the past 4 years. I live/work in Manhattan (midtown), where I will probably be until next year when I decide whether to stay another year or move back to California – much of that decision will be based on where Wall St is next year, so time will tell.

What I like about The Crosby is that it is a gated golf community-a very nice one at that-that is relatively close to the coast, so it still has a nice, temperate climate. I’m originally from the South Bay part of LA (Redondo Beach/Torrance), so I’m used to a year round climate that oscillates between 65-75 degF.

I was running the math yesterday on the impact MR has on financing. In The Crosby, for the houses in the $1.3-1.5mm range, MR averages somewhere around $6500/year, which comes to $550 or so per month. From what I can tell, MR taxes are not tax-deductible, so $550/mo is effectively an after-tax number, which is roughly equal to another $150K mortgage. (Similarly, the HOA fees which are also around $500/mo would be akin to another $125K mortgage). All in, between the high HOA and MR, its as if you’re paying another $275K for a house in the Crosby (or comparable community).

Is Olivenhain a new community or something akin to the Covenant/FBR?

[SD Realtor]

nybuyer – SDR hear as opposed to sdr… I grew up in the south bay as well… a little up the road from you in venice/marina del rey. For sure the climate out in the Crosby and in the Covenant in general is hotter then the south bay of L.A. While it is not way inland you would be surprised at the difference if you spend some time out there. It is a surprising difference from say Fairbanks Ranch which literally is only a few miles closer to the coast. Strange but true.

Olivenhain has alot of very nice stuff but I didn’t mention it because there is not as much housing stock out there is as new as what you seem to be looking at. Definitely the homes are not as old as say Fairbanks Ranch AND there are a few custom homes built in 2004 and newer on the MLS but not at the 1M mark either. Anyways it is nice out there though and if you want horse property you can get some places out there that are zoned for that. So yeah as sdr said you should keep an eye out for something there as well.

Taking your upbringing into account AND your penchant for golf I was thinking Aviara may appeal to you as well. Some of the places in La Costa as well. Alot of development there that you may want to consider looking at. Aviara is much much closer to the coast. Anyways an example would be like the listing on Bulrush, it is 3780 sf but it is only a 3/3.5 home (with an optional room) at 1.289M. The MR is 590 (A YEAR) and the other fees are 800 a year with an HOA of 80 a month and you get a gold course view as well.

Don’t know if this would appeal to you but certainly worth a bit of your time to keep an eye on… not this home perhaps but the area.

SD Realtor

ps – and yeah if you can hold out another year or better yet 2 years you will be that much better for it.

[SD Realtor]

nybuyer – SDR hear as opposed to sdr… I grew up in the south bay as well… a little up the road from you in venice/marina del rey. For sure the climate out in the Crosby and in the Covenant in general is hotter then the south bay of L.A. While it is not way inland you would be surprised at the difference if you spend some time out there. It is a surprising difference from say Fairbanks Ranch which literally is only a few miles closer to the coast. Strange but true.

Olivenhain has alot of very nice stuff but I didn’t mention it because there is not as much housing stock out there is as new as what you seem to be looking at. Definitely the homes are not as old as say Fairbanks Ranch AND there are a few custom homes built in 2004 and newer on the MLS but not at the 1M mark either. Anyways it is nice out there though and if you want horse property you can get some places out there that are zoned for that. So yeah as sdr said you should keep an eye out for something there as well.

Taking your upbringing into account AND your penchant for golf I was thinking Aviara may appeal to you as well. Some of the places in La Costa as well. Alot of development there that you may want to consider looking at. Aviara is much much closer to the coast. Anyways an example would be like the listing on Bulrush, it is 3780 sf but it is only a 3/3.5 home (with an optional room) at 1.289M. The MR is 590 (A YEAR) and the other fees are 800 a year with an HOA of 80 a month and you get a gold course view as well.

Don’t know if this would appeal to you but certainly worth a bit of your time to keep an eye on… not this home perhaps but the area.

SD Realtor

ps – and yeah if you can hold out another year or better yet 2 years you will be that much better for it.

[SD Realtor]

nybuyer – SDR hear as opposed to sdr… I grew up in the south bay as well… a little up the road from you in venice/marina del rey. For sure the climate out in the Crosby and in the Covenant in general is hotter then the south bay of L.A. While it is not way inland you would be surprised at the difference if you spend some time out there. It is a surprising difference from say Fairbanks Ranch which literally is only a few miles closer to the coast. Strange but true.

Olivenhain has alot of very nice stuff but I didn’t mention it because there is not as much housing stock out there is as new as what you seem to be looking at. Definitely the homes are not as old as say Fairbanks Ranch AND there are a few custom homes built in 2004 and newer on the MLS but not at the 1M mark either. Anyways it is nice out there though and if you want horse property you can get some places out there that are zoned for that. So yeah as sdr said you should keep an eye out for something there as well.

Taking your upbringing into account AND your penchant for golf I was thinking Aviara may appeal to you as well. Some of the places in La Costa as well. Alot of development there that you may want to consider looking at. Aviara is much much closer to the coast. Anyways an example would be like the listing on Bulrush, it is 3780 sf but it is only a 3/3.5 home (with an optional room) at 1.289M. The MR is 590 (A YEAR) and the other fees are 800 a year with an HOA of 80 a month and you get a gold course view as well.

Don’t know if this would appeal to you but certainly worth a bit of your time to keep an eye on… not this home perhaps but the area.

SD Realtor

ps – and yeah if you can hold out another year or better yet 2 years you will be that much better for it.

[SD Realtor]

nybuyer – SDR hear as opposed to sdr… I grew up in the south bay as well… a little up the road from you in venice/marina del rey. For sure the climate out in the Crosby and in the Covenant in general is hotter then the south bay of L.A. While it is not way inland you would be surprised at the difference if you spend some time out there. It is a surprising difference from say Fairbanks Ranch which literally is only a few miles closer to the coast. Strange but true.

Olivenhain has alot of very nice stuff but I didn’t mention it because there is not as much housing stock out there is as new as what you seem to be looking at. Definitely the homes are not as old as say Fairbanks Ranch AND there are a few custom homes built in 2004 and newer on the MLS but not at the 1M mark either. Anyways it is nice out there though and if you want horse property you can get some places out there that are zoned for that. So yeah as sdr said you should keep an eye out for something there as well.

Taking your upbringing into account AND your penchant for golf I was thinking Aviara may appeal to you as well. Some of the places in La Costa as well. Alot of development there that you may want to consider looking at. Aviara is much much closer to the coast. Anyways an example would be like the listing on Bulrush, it is 3780 sf but it is only a 3/3.5 home (with an optional room) at 1.289M. The MR is 590 (A YEAR) and the other fees are 800 a year with an HOA of 80 a month and you get a gold course view as well.

Don’t know if this would appeal to you but certainly worth a bit of your time to keep an eye on… not this home perhaps but the area.

SD Realtor

ps – and yeah if you can hold out another year or better yet 2 years you will be that much better for it.

[SD Realtor]

nybuyer – SDR hear as opposed to sdr… I grew up in the south bay as well… a little up the road from you in venice/marina del rey. For sure the climate out in the Crosby and in the Covenant in general is hotter then the south bay of L.A. While it is not way inland you would be surprised at the difference if you spend some time out there. It is a surprising difference from say Fairbanks Ranch which literally is only a few miles closer to the coast. Strange but true.

Olivenhain has alot of very nice stuff but I didn’t mention it because there is not as much housing stock out there is as new as what you seem to be looking at. Definitely the homes are not as old as say Fairbanks Ranch AND there are a few custom homes built in 2004 and newer on the MLS but not at the 1M mark either. Anyways it is nice out there though and if you want horse property you can get some places out there that are zoned for that. So yeah as sdr said you should keep an eye out for something there as well.

Taking your upbringing into account AND your penchant for golf I was thinking Aviara may appeal to you as well. Some of the places in La Costa as well. Alot of development there that you may want to consider looking at. Aviara is much much closer to the coast. Anyways an example would be like the listing on Bulrush, it is 3780 sf but it is only a 3/3.5 home (with an optional room) at 1.289M. The MR is 590 (A YEAR) and the other fees are 800 a year with an HOA of 80 a month and you get a gold course view as well.

Don’t know if this would appeal to you but certainly worth a bit of your time to keep an eye on… not this home perhaps but the area.

SD Realtor

ps – and yeah if you can hold out another year or better yet 2 years you will be that much better for it.

[sdrealtor]

My favorite uncle had a store on 40th St a half block from Times Square for about 30 years. Before the era of Best Buy, Circuit City and in NY – Crazy Eddies he was the one of the highest volume electronics retailer in the country. He was Sony’s #1 account in teh US in the 70’s. If you had lived in The City along time you would know the store.

Its alot hotter than 65 to 75 at The Crosby. Getting to a decent supermarket will take you at least 15 to 20 minutes. You sound like a city guy. Make sure you consider that lack of convenience in your decision.

Olivenhain is the eastern portion of Encinitas and is essentially a “Poor Man’s Rancho Sante Fe”. No HOA or Mello Roos and mostly custom homes. Contrary to what you have been lead to believe there is plenty of newer product out there.

[sdrealtor]

My favorite uncle had a store on 40th St a half block from Times Square for about 30 years. Before the era of Best Buy, Circuit City and in NY – Crazy Eddies he was the one of the highest volume electronics retailer in the country. He was Sony’s #1 account in teh US in the 70’s. If you had lived in The City along time you would know the store.

Its alot hotter than 65 to 75 at The Crosby. Getting to a decent supermarket will take you at least 15 to 20 minutes. You sound like a city guy. Make sure you consider that lack of convenience in your decision.

Olivenhain is the eastern portion of Encinitas and is essentially a “Poor Man’s Rancho Sante Fe”. No HOA or Mello Roos and mostly custom homes. Contrary to what you have been lead to believe there is plenty of newer product out there.

[sdrealtor]

My favorite uncle had a store on 40th St a half block from Times Square for about 30 years. Before the era of Best Buy, Circuit City and in NY – Crazy Eddies he was the one of the highest volume electronics retailer in the country. He was Sony’s #1 account in teh US in the 70’s. If you had lived in The City along time you would know the store.

Its alot hotter than 65 to 75 at The Crosby. Getting to a decent supermarket will take you at least 15 to 20 minutes. You sound like a city guy. Make sure you consider that lack of convenience in your decision.

Olivenhain is the eastern portion of Encinitas and is essentially a “Poor Man’s Rancho Sante Fe”. No HOA or Mello Roos and mostly custom homes. Contrary to what you have been lead to believe there is plenty of newer product out there.

[sdrealtor]

My favorite uncle had a store on 40th St a half block from Times Square for about 30 years. Before the era of Best Buy, Circuit City and in NY – Crazy Eddies he was the one of the highest volume electronics retailer in the country. He was Sony’s #1 account in teh US in the 70’s. If you had lived in The City along time you would know the store.

Its alot hotter than 65 to 75 at The Crosby. Getting to a decent supermarket will take you at least 15 to 20 minutes. You sound like a city guy. Make sure you consider that lack of convenience in your decision.

Olivenhain is the eastern portion of Encinitas and is essentially a “Poor Man’s Rancho Sante Fe”. No HOA or Mello Roos and mostly custom homes. Contrary to what you have been lead to believe there is plenty of newer product out there.

[Author]

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