serious weapon_IHB
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Who you probably know... All too well.
About to buy a place at Savannah in Columbus Grove - Any advice on the area and development?
- Thread starter genie117_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
bkshopr_IHB
New member
I know Genie likes to live in a one room lantern. In your case of Savannah this one room condo consuming over 1,300 sf is very inefficient when the unit is spread among 3 levels.
Lennar is not a clever builder and designer. Most of its investments in OC are among the disaster list. This company is financially strong during it?s hey days by using other investors money and over extended its portfolio on steeply priced land. One bad decision after another in my opinion Lennar did not exercise caution in wasting the investors? funds. Villages of Columbus, Platinum Triangle in Anaheim, Great Park, and Central Park West are all projects in financial ruin.
I have worked with Lennar. It is all about the ?ei? everything included slogan. It is all about showing off the cosmetics over a concealed bad skeleton. Expenditure was reduced to the maximum for the structure of the home to pay for the finishes such as granite, appliances, fancy knobs, and bathroom fixtures. For the long term Lennar homes would not age well and as a Lennar home owner just be prepare for home repair after the warranty elapse.
Single bedroom condo units, High rise condos, units stacked over podium, and Wrap products around parking structure are detrimental signs that immediately followed by a deep recession. These formulas are all solutions based on over inflated land equations.
These products will not survive the recession cycle and will be severely under valued until the peak of the next bubble. All other conventional units will bounce back first before any of these ?alternatives? regain their value.
Builders like the one bedroom units because it helps to booze their density ego. The project performs well on paper when buyers have no other choices in their price range during the bubble. Cal Pac?s Bowen and Vientos also have the one bedroom units. Cal Pac?s one bedroom units depreciated at a higher coefficient that the multiple bedroom units. It is a fact that the least desirable units for the consumers are the one bedroom unit.
Good luck in finding a future buyer or renting it out to a very wealthy student from UCI not relying on roommates to split the rent. It will never reach rental parity due to other expenses such as tax and dues. Santa Clara, Santa Rosa, San Remo, and other older West Park IACs offer their studio units packaged with business center and resort lifestyle that is seductive to younger renters.
You may be able to find a very narrow spectrum of renters such as a newly wed couple who is looking for space but not bedroom count and willing to pay a much higher rent. Your single garage would be a problem for the newly wed. Where would he park his car?
Take my advice. A one bedroom plus a den is a lot more appealing to singles, renters, retirees, newly wed, young family with a baby, and single parent with shared child custody. Don?t think about just your immediate need but predict a few years ahead.
Lennar is not a clever builder and designer. Most of its investments in OC are among the disaster list. This company is financially strong during it?s hey days by using other investors money and over extended its portfolio on steeply priced land. One bad decision after another in my opinion Lennar did not exercise caution in wasting the investors? funds. Villages of Columbus, Platinum Triangle in Anaheim, Great Park, and Central Park West are all projects in financial ruin.
I have worked with Lennar. It is all about the ?ei? everything included slogan. It is all about showing off the cosmetics over a concealed bad skeleton. Expenditure was reduced to the maximum for the structure of the home to pay for the finishes such as granite, appliances, fancy knobs, and bathroom fixtures. For the long term Lennar homes would not age well and as a Lennar home owner just be prepare for home repair after the warranty elapse.
Single bedroom condo units, High rise condos, units stacked over podium, and Wrap products around parking structure are detrimental signs that immediately followed by a deep recession. These formulas are all solutions based on over inflated land equations.
These products will not survive the recession cycle and will be severely under valued until the peak of the next bubble. All other conventional units will bounce back first before any of these ?alternatives? regain their value.
Builders like the one bedroom units because it helps to booze their density ego. The project performs well on paper when buyers have no other choices in their price range during the bubble. Cal Pac?s Bowen and Vientos also have the one bedroom units. Cal Pac?s one bedroom units depreciated at a higher coefficient that the multiple bedroom units. It is a fact that the least desirable units for the consumers are the one bedroom unit.
Good luck in finding a future buyer or renting it out to a very wealthy student from UCI not relying on roommates to split the rent. It will never reach rental parity due to other expenses such as tax and dues. Santa Clara, Santa Rosa, San Remo, and other older West Park IACs offer their studio units packaged with business center and resort lifestyle that is seductive to younger renters.
You may be able to find a very narrow spectrum of renters such as a newly wed couple who is looking for space but not bedroom count and willing to pay a much higher rent. Your single garage would be a problem for the newly wed. Where would he park his car?
Take my advice. A one bedroom plus a den is a lot more appealing to singles, renters, retirees, newly wed, young family with a baby, and single parent with shared child custody. Don?t think about just your immediate need but predict a few years ahead.
serious weapon_IHB
New member
^The Bookster.
caycifish_IHB
New member
[quote author="bkshopr" date=1238472198]
Take my advice. A one bedroom plus a den is a lot more appealing to singles, renters, retirees, newly wed, young family with a baby, and single parent with shared child custody. Don?t think about just your immediate need but predict a few years ahead.</blockquote>
bk did a much better job of making the "what about the future?" point than I did. Not surprising at all.
Take my advice. A one bedroom plus a den is a lot more appealing to singles, renters, retirees, newly wed, young family with a baby, and single parent with shared child custody. Don?t think about just your immediate need but predict a few years ahead.</blockquote>
bk did a much better job of making the "what about the future?" point than I did. Not surprising at all.
SoCal78_IHB
New member
[quote author="Serious Weapon" date=1238465014]Who you probably know... All too well.</blockquote>
What is the meaning of this cryptic message?
What is the meaning of this cryptic message?
bkshopr_IHB
New member
[quote author="SoCal78" date=1238484905][quote author="Serious Weapon" date=1238465014]Who you probably know... All too well.</blockquote>
What is the meaning of this cryptic message?</blockquote>
May be he referenced her character often or She is a regular poster that we have not made a connection that she is married to Serious Weapon. This personal question I think PANDA would know.
What is the meaning of this cryptic message?</blockquote>
May be he referenced her character often or She is a regular poster that we have not made a connection that she is married to Serious Weapon. This personal question I think PANDA would know.
serious weapon_IHB
New member
[quote author="SoCal78" date=1238484905][quote author="Serious Weapon" date=1238465014]Who you probably know... All too well.</blockquote>
What is the meaning of this cryptic message?</blockquote>
She knows my wife... KOOKY!
What is the meaning of this cryptic message?</blockquote>
She knows my wife... KOOKY!
usctrojanman29_IHB
New member
[quote author="genie117" date=1238379448][quote author="asianinvasian" date=1238238801][quote author="irvine_grad" date=1238236833]IMO it doesn't make monetary sense to buy in your particular situation but, honestly, it really seems like you've already made up your mind and are just seeking affirmation for your decision.</blockquote>
He wasn't asking whether or not he should buy.</blockquote>
Lol...Thanks. BTW...I'm a she not a he.
</blockquote>
she-male?
He wasn't asking whether or not he should buy.</blockquote>
Lol...Thanks. BTW...I'm a she not a he.
</blockquote>she-male?