Ladera Ranch Discussion Thread

NEW -> Contingent Buyer Assistance Program
It really is too bad about the HOAs. The Mello roos are one of the reason's I'd like to buy in Laguna Niguel instead of Aliso Viejo.





To go off of what Graphrix said about the Tuscany property, here's the tax info off the Web. Notice the mello roos:











A1

BASIC LEVY RATE



1.00000

$871,076.00

$8,710.76





A1

METRO WATER D-MWDOC



0.00450

$871,076.00

$39.19





A4

SANTA MARG ID#4 BOND



0.05730

$322,107.00

$184.56





A4

SANTA MARG ID4D BOND



0.02870

$322,107.00

$92.45





*** SPECIAL ASSESSMENT USER FEES***





BA

MOSQ,FIRE ANT ASSMT

(800)273-5167





$3.08





B3

VECTOR CONTROL CHG

(800)273-5167





$0.66





C7

MWD WATER STDBY CHG

(866)807-6864





$10.08





J4

SMWD ID #4 D/S AQD

(949)459-6420





$16.71





Q2

MELLO-ROOS Q2

(949)955-1500





$1,448.81





T8

MELLO-ROOS T8

(949)955-1500





$3,072.94













Total Tax:

$13,579.24




 
I have heard that parts of Ladera Ranch are like that of the OC housewives. One friend jokingly told me that she thought people got free mercedezs when they bought a house as everyone on her block had a new Benz. She said the quality of life was not what she wanted and she moved to an area with 'older money'.



Doesnt Warren G live in Ladera Ranch?
 
<blockquote>Doesnt Warren G live in Ladera Ranch?</blockquote>


Unless he moved to Ladera recently, then maybe. But, he used to live in Coto. He had the gated home, with the giant bling bling G on it.



On a side note, he is Dr. Dre's cousin, and there have been several famous rappers, including Dre and Snoop, at his crib to record in his studio there. In fact, IIRC, there is a MTV cribs episode of his home.
 
Of course he knows. Don't you know who you're dealing with here, awgee?

<img src="http://www.cochesadictos.com/wp-content/uploads/2007/08/z8.jpg" alt="" />
 
[quote author="awgee" date=1207993699]Graph, do you know what street?</blockquote>


Mmmm... It looks like graphrix 007 needs to do some further research on this. Maybe Q has an updated upgrade for me. It looks like Ladera and Coto are/were both true.



It <em>really</em> seems the high-end is not immune from the subprime credit crunch. This story could be way better than Slade, after I dig up the info.



<em>graphrix; wonders why there are several black range rovers in front of his house right now.</em>
 
I know Warren G used to live in Coto. He lived in the neighborhood next to my parents. My little sister used to go with her friends up to his house to try to say hello. It was a modest looking (for Coto) custom, single story house that backed up to Vista Del Verde. Perhaps he moved to a nicer neighborhood in Coto but the house he used to live in was not a mansion (maybe 3500 sq ft).
 
[quote author="dcn" date=1208253706]I know Warren G used to live in Coto. He lived in the neighborhood next to my parents. My little sister used to go with her friends up to his house to try to say hello. It was a modest looking (for Coto) custom, single story house that backed up to Vista Del Verde. Perhaps he moved to a nicer neighborhood in Coto but the house he used to live in was not a mansion (maybe 3500 sq ft).</blockquote>


That was an interesting non-sequitur. Speaking of Warren G...



Who knew Warren G knew how to REGULATE his wealth? HIYO!



Guess he got sick of getting jacked in the LBC, where they took all his rings and even his Rolex. Thank you, I'll be here all night!



Instead of cruising with Nate Dogg picking up tricks and fighting gun battles in the 213, Warren was actually honing his serve and volley game with Vic Braden in Coto. I think it's safe to say that my mind is blown.



<object width="325" height="250"><embed src="http://www.youtube.com/v/youtube" type="application/x-shockwave-flash" width="325" height="250"></embed></object>
 
[quote author="vicstah" date=1208789495]New listing in Ladera...

http://www.socalmls-homes.com/Listing/ListingDetail.aspx?Listing=30417394

3500 sq ft for $879k in Covenant Hills



Looks like it was bought for $1.5M on 8/28/2006 (basically at peak) on Zillow. I wonder what the final transaction price on this would be.</blockquote>


Jeezus freakin christ! Yeah... I want to pay back the $23k in back property taxes, and the $22k annual property taxes. Okay... seriously, WTF were these people thinking? Hell, the penalty for the next missed payment is more than my overall payment. Good gawd, I hope this was Johnson's house, and he found the razorblades.
 
Graphrix - I dare you to plug ZIP 92694 into foreclosureradar and see what comes out. The amount of $1 million + homes alone that are heading for foreclosure is incredible. That area is an absolute ticking bomb.
 
Have to agree with cali:




Check out these two in Covenant Hills. They show that homes will become reasonable and approach affordability in the future.




5 Pisano, 92694




and 9 Padre, 92694
 
[quote author="caliguy2699" date=1208817077]Graphrix - I dare you to plug ZIP 92694 into foreclosureradar and see what comes out. The amount of $1 million + homes alone that are heading for foreclosure is incredible. That area is an absolute ticking bomb.</blockquote>


Oh... how I know... I know more than I should, and I will probably never know the true degree of shadiness that went on in Ladera. What I do know, and what I am about to share is only because all of those that worked at the same builder as me, are no longer there either.



When the first SFRs in Covenant Hills of ours went online, I was amazed at some of the buyers. They were the same "loan officers" and "RE agents" that bought at our condo project. I thought... WTF? How can these arrogant douchebags, who refused to use us as a lender, can somehow <em>now</em> afford a $1mil+ home when they could barely qualify for a condo? I know that some of the LOs worked at the likes of chop shops such as Dana Capital and similar get the most rebate, net branch, who cares let alone knows the law hacks . Ironically, the same companies got the loans of several buyers, that refused to business with us too. *cough* kick backs to the sales agent *cough*. Well... queue the subprime crunch. They all lost their jobs after that, and admittedly stated they would live "rent" free until the lender took back the home. You have no idea how many RE related Kool-Aid snorting fools bought there. Even an often quoted OCR south county Realtor lives in Ladera, but he bought in 2002, and touts the buyers market despite his zestimate being over 20% below the peak. I know of several new home sales agents and VPs who bought here, and not just the ones at the builder I worked at, but many of the builders. I also know of a former division president, who bought a custom lot/home Covenant Hills, and he is not the only VP who did.



<a href="http://www.zillow.com/HomeDetails.htm?zprop=64626689">Check out this bad boy</a>. The poor Little General, he must be having flashback nightmares of the 90s all over again. The zestimate is less than the NTS amount.



Ticking timebomb? No... more like a nuclear reactor starting to leak about to burst, and it is only a matter of time before we see/feel the fallout of it.
 
Man... <a href="http://www.ocregister.com/articles/pcp-apartment-wright-2023464-oliver-county">it just keeps getting worse in Ladera</a>.
 
graph, do you know the original purchase price on that home you showed us. It doesn't say on the zillow page. I am guessing about 1.2MM based on the property taxes? Also, why is there property tax data for 2005 and 2006? Did the owner pay that or was that paid by the developer before it was built out?
 
If ladera drops low enough, do you guys think it will affect the rest of Orange County? Its not my first choice of places to live, but if I can get triple the house for only 15 minutes of extra commuting each way I think I'd do it.



What about the rest of you? Those who would prefer to live in Irvine, is there a point at which you'd say 'screw it, i'm buying in ladera' if it goes low enough?
 
[quote author="25w100k+" date=1208916955]If Ladera drops low enough, do you guys think it will affect the rest of Orange County? Its not my first choice of places to live, but if I can get triple the house for only 15 minutes of extra commuting each way I think I'd do it.



What about the rest of you? Those who would prefer to live in Irvine, is there a point at which you'd say 'screw it, i'm buying in ladera' if it goes low enough?</blockquote>








I actually would prefer exactly the opposite. A very small but extremely efficiently designed home with character like a porch and beam details. yard and enclosed garage I am willing to give up for a much lower price but at a very desirable location like next to the ocean than a over-sized McMansion with wasted circulation, ugly 3 car garage frontage, and poorly proportioned backyards (wide and shallow) with 5 adjoining neighbors in Corona (or Ladera).



Life is short and choose a quality dream location instead of wasting your life sitting in traffic and a large home that you really actually only use 20% of it.



Emphasize quality rather than quantity. Buy a house that will satisfy you for the rest of your life than buying a house that you need to trade up every 5 years or so.
 
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