sleepy5136 said:
Ready2Downsize said:
sleepy5136 said:
eyephone said:
Its the perception, Irvine top rank one of the safest city. But I am guessing LF is safe also. The Irvine school district is good, but I am sure LF school are good too. It is the brand name and perception.
I am sure there are big nice houses in West Hollywood. Also, there is a lot of things to do there and stuff. But it is not Beverly Hills.
Again, the schools is the only thing that Irvine has that LF does not which helps maintain the house prices but that comes with a premium. Safety is pretty darn similar. We aren't talking about Compton vs Irvine...
The analogy of Irvine vs Lake Forest where Irvine is Beverly Hills and Lake Forest is West Hollywood is laughable... OC Beverly Hills is Newport Coast, not Irvine... lol...
The thing about Irvine, is they will close older schools and open brand spanking new ones. LF will just let schools be overcrowded and delay opening new ones.
Irvine has entire new areas. LF has pockets of homes.
Irvine Co markets the city and homes IN China. They have an entire area that people can live in so they know what it's like to live here before they come.
Irvine Co will run out of land but they will continue to be landlords of retail and residential rentals. They will NEVER go away and never stop keeping up the area. They would rather have a store sit vacant, cover up the windows than rent it for a low price.
Irvine is one of the most financially stable cities in the entire country. They have something like $4100 PER PERSON in cash in the bank. LOTS of other cities have as much or more in debt per person.
There is way more to Irvine than just being Irvine.
There is more MR for sure unless u got the money to live south of 405 or older homes. Really boils down to how much you value IUSD.
Lake Forest is a combo of the Old El Toro, Foothill Ranch, Baker Ranch and Portolla Hills.
When I was growing up, we knew about classes. There were the kids from the apts (rough kids, kind of trouble makers), average kids (who were there first) and richer kids (newer homes and they knew it).
As I got into high school we had kids from other cities, specifically GG, Westminster, FV, HB. By the time I graduated, I knew Garbage Patch, Westminster and Anacrime were not areas I should be moving to.
As I got older, I remember someone saying they were going to buy in El Toro and everyone at work said EWE! WHY? And they said that is all they could afford. We drove there and said, never would we buy in El Toro.
My two sisters later lived in LF and FR. The foothill ranch sister would say well that is Lake Forest for you. I don't know why (sister) EVER decided to move THERE! They had to change their name it got such a bad rep.
So........ if you're talking newer areas, then ok, but the town certainly doesn't have the reputation Irvine has and it will make a difference when you try to sell in a buyers market.
Btw, if you are buying a resale, you can buy in Northwood Pointe and there is no mello......... gone, poof, paid off. Northwood High.