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Mission Viejo
Posted: 28 October 2008 01:16 PM   [ Ignore ]   [ # 51 ]
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awgee - 27 October 2008 06:44 PM

What is wrong with RSM?  Why is everyone ragging on RSM?

The RSM area is certainly off the beaten path, but it is a beautiful area.  It is a primarily a bedroom community.  Yes, it is warmer in the summer months, but the other three seasons are absolutely gorgeous.  If you like to eat out often, you will soon tire of the limited (but good) restaurants in the area, so plan on driving to the adjoining cities for your cuisine.  On the upside, there are wonderful hiking trails very close to home.  When the rainy season begins, there are a couple lovely waterfalls that appear in the Cleveland National Forest - only a few miles from the RSM city line.

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Posted: 28 October 2008 01:31 PM   [ Ignore ]   [ # 52 ]
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Meatball - 28 October 2008 07:17 PM

I know people here at this board are probably all for Irvine communities, but personally I prefer MV which has more versatile landscapes with rolling hills and lake etc. And I don’t especially care the competitiveness of Irvine schools because I was brought up in similar kind of environment back in Asia. I actually don’t hope my children to be raised the way I was raised. We are actually in the process of buying one house in an old neighborhood which is the first master planned community prior to TIC projects. I hope bkshopr can provide more background to this MV project because I love to know more. According to the information that I have, this project has won many planning awards back in 60s. All three levels of schools are within less than a mile. I see high school kids walking to school from their homes every day. And they are good schools although however they are not to the standards of parents that choose Irvine because of schools. But for me this is an excellent place to raise my family. I also like the charms these older houses have with the care and updates done by the residents. I guess I am one of the odd balls who doesn’t like to send kids to Irvine schools and prefer older homes with bigger space between houses and spacious yards.

We live in the older neighborhood area near MV high school.  The cons for the area are:

(1) This is the least expensive neighborhood in MV.  So there are some cheap rentals and lower income families moving in, which may not be people that you like.
(2) houses are very old.
(3) Schools will have kids from those cheap rentals and lower income families, reducing test score of the schools, and may have influences you don’t want your kids to be exposed to.
(4) If you work in irvine you have to commute, the commute can be long if you work in the airport area.

The pros are:

(1) This is the least expensive neighborhood in MV.  Your mortgage payment may be lower.  No Mello Roos or HOA.
(2) Average lot size is 7000-8000 sq ft, so population density is lower, more space between homes.  Mature trees, gentle rolling hills with views. Clean and master planned.  The new MV library is very nice.
(3) Kids can walk to all 3 levels of schools.  MV high school has IB program which is very good (Budget dependent).  Teachers are generally as good as those in Irvine. 
If your kids stay in honors, AP or IB classes they may find a very competitive environment. (In fact, Newsweek ranked MV High higher than Northwood High based on an index of AP and IB tests)
(4) It is close to freeways and shopping is quite convenient.
(5) Some people like the amenities of lake MV.

In summary I think you get what you pay for.  It is cheaper in this area but you will never get the premium Irvine schools and premium prices of a Irvine house.  Also the large Asian population and more Asian businesses in Irvine are very attractive to many Asians.  On the other hand Asian population is increasing in MV, you may be surprised to find so many of them.  On my street of 30 houses already 6-7 are Asian.  I know Pacific Hills has quite a lot of Asians too.

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Posted: 29 October 2008 12:28 PM   [ Ignore ]   [ # 53 ]
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cl1,

Thank you for the comments on the MV communities and that is very helpful for me.  Probably we will be neighbors? smile But the house we are working on do have HOA fees although it is not significant.

I don’t know if the area close to MVH is the least expensive part in MV because I’ve found cheaper areas else where.  There are quite of short sales and foreclosed properties in MV so it is becoming affordable.  One thing to be sure is that no matter what it is definitely a lot cheaper than houses in Irvine.  I actually work in RSM so MV is just right for me.  If my job is in Irvine probably I will think about paying the premium to be able to live there as I like shorter commute.

We have also looked into RSM but personally I like MV better.  RSM in summer is very hot and the location is kind of inconvenient. You almost always need to use Toll Road if you don’t like to spend extra time in surface streets.  Houses are newer but the yards are much smaller.  Also you need to factor in paying extra taxes as Mello Roos.

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Posted: 29 October 2008 05:08 PM   [ Ignore ]   [ # 54 ]
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SoOCOwner - 28 October 2008 08:16 PM
awgee - 27 October 2008 06:44 PM

What is wrong with RSM?  Why is everyone ragging on RSM?

The RSM area is certainly off the beaten path, but it is a beautiful area.  It is a primarily a bedroom community.  Yes, it is warmer in the summer months, but the other three seasons are absolutely gorgeous.  If you like to eat out often, you will soon tire of the limited (but good) restaurants in the area, so plan on driving to the adjoining cities for your cuisine.  On the upside, there are wonderful hiking trails very close to home.  When the rainy season begins, there are a couple lovely waterfalls that appear in the Cleveland National Forest - only a few miles from the RSM city line.

I agree.  RSM has the perfect weather outside of summer.
I found Irvine to be too cold in the winter (we lived near Newport Beach).
RSM is so pretty, with lots of trees and open space.
You can hike a different trail every weekend in the winter.
I am also very impressed with their community activities.
I just finished an 8-week emergency preparedness course run by RSM.
I was really impressed with this course - and best of all, it was free!
Last night was the final night.
The fire department staged a disaster scenario with real life participants.
They had high school kids with all sorts of injuries. 
The makeup looked so real.
Our final “test” was to go through the disaster area and triage the victims.
It was a lot of fun, and I learned a ton from this class.
We also got CPR and first-aid certified.
 
I also enjoy RSM because it has more of a “small-town” feel than a big city such as Irvine.

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Posted: 06 May 2009 08:36 AM   [ Ignore ]   [ # 55 ]
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I have been keeping an eye on the homes for sale in mv.
Now why would someone raise the price, twice?

22026 Cosala   Mission Viejo, CA 92691
May 04, 2009     Price Changed     $477,700
Apr 29, 2009   Price Changed   $459,000  
Mar 30, 2009   Price Changed   $449,000  
Feb 20, 2009   Listed   $499,777

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Posted: 06 May 2009 09:24 AM   [ Ignore ]   [ # 56 ]
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A Realtor I work with has an offer in on a bank owned property in RSM. The asset manager has asked for a new Brokers Price Opinion because they feel prices have stabilized if not risen for this property in the past 30 days. I have one word for this:

HA!


What may have happened for that Mission Viejo pricing is either A) The seller got a whiff of Kool-aid, 2) The ‘Tard was told not to “bait price” the home, but price it closer to the real market, or III) if it’s a short sale or REO the bank told them to get more for the home.


My .02


SGIP

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