lnc said:timandjess said:Jonah said:ps9 said:Did a lot of Strada just hit MLS?
I think this must be it. Cherokee is a nice street.
http://www.zillow.com/homedetails/59-Cherokee-Irvine-CA-92602/2102652403_zpid/
We were at the Strada office snooping and apparently the owner had some UCI students that wanted to rent it but eventually turned them down.
My wife and I just dread neighbor who are renters from past experience. Our last home in Irvine had renters immediately next door to us and also three houses down.
Our immediate neighbor were quite nice but they had about 3 families sharing the home, clogging up the parking space badly on the street.
The neighbor that was 3 houses down were a group of students. They were a nightmare.
Isn't OH a bit far for UCI students?
Multiple families and students definitely create issues. Unfortunately in the brand new development like this, we have no control over who is buying or renting next door.
Well, I guess you don't have control over who buys or rents next door in a resale neighborhood either, but at least you may be able to get a better sense of who already lives there before you sign the contract.
This is one aspect which does give me pause about buying new. For those who have bought new recently in communities like Cypress Village, Orchard Hills, Stonegate, Portola, what proportion would you say are investor owned, with renters, or standing empty? Doesn't Laguna Altura have a big issue with that?
I see a fair number of "brand new, never been lived in"rentals advertised on places like Craigslist and Zillow, presumably from Chinese investors and their property agents. You guys think there will be much of a rental market on the Groves side of Orchard Hills, or would that likely be less, due to the size of the houses?