Villages of Columbus - Columbus Square - Cambridge Lane

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[quote author="Shooby" date=1232347655]What do u guys think of plan 2?



1235 sq ft, 1 bdrm, 1.5 bath. One car garage.



Selling at 324k, plus 5000 referral award (since I referred my gf) so final price is 319k. That's 259 per sqft. For a brand new condo in tustin.</blockquote>


I think you should also consider this is the last units in the last phase and last chance to buy new. I'm considering getting one as well.
 
[quote author="asianinvasian" date=1232350122][quote author="Shooby" date=1232347655]What do u guys think of plan 2?



1235 sq ft, 1 bdrm, 1.5 bath. One car garage.



Selling at 324k, plus 5000 referral award (since I referred my gf) so final price is 319k. That's 259 per sqft. For a brand new condo in tustin.</blockquote>


I think you should also consider this is the last units in the last phase and last chance to buy new. <em>I'm considering getting one </em>as well.</blockquote>


That endorsement is enough to scare me off the reservation right there.
 
[quote author="Shooby" date=1232347655]What do u guys think of plan 2?



1235 sq ft, 1 bdrm, 1.5 bath. One car garage.



Selling at 324k, plus 5000 referral award (since I referred my gf) so final price is 319k. That's 259 per sqft. For a brand new condo in tustin.</blockquote>




Just as in every past downturn, the least desirable units will fall furthest and fastest, and take the longest to recover.



While better than a 600sf studio, a 1/1/1c has a pretty limited market when it comes time to sell (no 2car couple, for instance), and so falls into this category.
 
[quote author="no_vaseline" date=1232350332][quote author="asianinvasian" date=1232350122][quote author="Shooby" date=1232347655]What do u guys think of plan 2?



1235 sq ft, 1 bdrm, 1.5 bath. One car garage.



Selling at 324k, plus 5000 referral award (since I referred my gf) so final price is 319k. That's 259 per sqft. For a brand new condo in tustin.</blockquote>


I think you should also consider this is the last units in the last phase and last chance to buy new. <em>I'm considering getting one </em>as well.</blockquote>


That endorsement is enough to scare me off the reservation right there.</blockquote>


For you, the rent will be $3,500/month.
 
[quote author="asianinvasian" date=1232360932][quote author="no_vaseline" date=1232350332][quote author="asianinvasian" date=1232350122][quote author="Shooby" date=1232347655]What do u guys think of plan 2?



1235 sq ft, 1 bdrm, 1.5 bath. One car garage.



Selling at 324k, plus 5000 referral award (since I referred my gf) so final price is 319k. That's 259 per sqft. For a brand new condo in tustin.</blockquote>


I think you should also consider this is the last units in the last phase and last chance to buy new. <em>I'm considering getting one </em>as well.</blockquote>


That endorsement is enough to scare me off the reservation right there.</blockquote>


For you, the rent will be $3,500/month.</blockquote>


I'm sure you will enjoy it sitting empty for months to come.



<a href="http://lansner.freedomblogging.com/2009/01/18/oc-landlords-losing-renters-at-6th-fastest-rate/11922/">http://lansner.freedomblogging.com/2009/01/18/oc-landlords-losing-renters-at-6th-fastest-rate/11922/</a>



I am going to particularly enjoy pressing the submit button on this post.
 
i think that 300k for a brand new condo is not too bad. i've been looking at older ones for around 300k and they are rather ugly. but seriously, a 1 bedroom condo only has a capacity to house 2 adults. pretty cool for those in their 20's. but by the time you're in your 30's and thinking of starting a family, it's not so good anymore.
 
Quick update, a plan 2 just came back on the market for a September closing date. It's the last one (for now), and the price is in the range of 315K.
 
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