Hi,
Just want to introduce myself a bit. I'm a new owner (bought it from the original owner) of a 1987 325i cabrio Delphine. Super happy and excited to be a part of this group. Looking forward to be learning a lot from you guys.
SoCal General Chat
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Kevan,I'm moving the IE. Sadness
Looks like Moreno Valley is the most viable option for my budget. Hopefully I don't have to go as far as San Bernardino and commute to my job in Corona. Anyone around there that can share some trivial facts about the areas there? Stuff only a local would know, shit that's not in the brochures?
As with anywhere, it will vary by neighborhood. Not all of Moreno Valley, Corona or wherever will be bad (tweakers, etc.). Over;ly broad statements like the above are not helpful, as there are great parts of M. Valley or anywhere.
You'll need to find out which areas in each city are good, bad or middle. Also, things like a good school district and good schools within them will matter for your long term value of the home, even if you have no kids, because that's what other buyers look for and are willing to may more. You're probably best to find a local Realtor to help you in the target areas, unless you're willing to do tons of online & in person research yourself.
Also, don't listen to the mantra that all Mello Roos (MR) on homes & areas are bad. Basically MR is just a "tax free" public bond used to finance the roads, utilities, parks, etc. for the project, neighborhood, etc. - which is usually at a lower interest rate than what the mortgage interest rate was & probably still is lower even now in the +/- 3% 30 year rate era. So instead of rolling the home building costs plus the roads/utilities etc. into your mortgage, they separate it into home building costs on the mortgage, and the rest as your share of the roads/utilities etc. on the MR bond. During the higher 5-7% Mortgage rate days this made even more sense since MRs were in the 1.5 - 3% range, and the homebuyer ultimately saved on their combined mortgage + MR monthly payment - compared to those with it all on your mortgage.
Unfortunately, the MR Myth that they're bad is too often spread by unknowledgeable real estate agents & brokers, & even by the Realtors' Association - but they're dead wrong! Again, it depends on each area and each home, and what the MR vs Mortgage cost per month and interest rates for each. So do your homework and ask loads of questions, & don't be afraid to challenge an Agent/Broker if you doubt something.
Also - depending on your work hours & where in Corona you work (& how long you plan to work there), you may find similar home values on the I-15 corridor south of Corona - a bit closer than Moreno, and possibly less traffic coming north & into Corona before the 91.
Good Luck!
Tom
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Bummer Kevan I was hoping you could end up in a spot in OC rather than Riverside. Keep looking, Im sure you'll find something good.
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During the past 5 months I've been there, the area seems fine. I think I'm lucky to be in a small quiet area?
....what about Lake Elsinore?Leave a comment:
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Cesspool of tweakers, lock all of your shit up and don't ever leave things unattended. Corona is the meth capital of SoCal.I'm moving the IE. Sadness
Looks like Moreno Valley is the most viable option for my budget. Hopefully I don't have to go as far as San Bernardino and commute to my job in Corona. Anyone around there that can share some trivial facts about the areas there? Stuff only a local would know, shit that's not in the brochures?Leave a comment:
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I'm moving the IE. Sadness
Looks like Moreno Valley is the most viable option for my budget. Hopefully I don't have to go as far as San Bernardino and commute to my job in Corona. Anyone around there that can share some trivial facts about the areas there? Stuff only a local would know, shit that's not in the brochures?Leave a comment:
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Anyone know who or where I can go to sell my OEM Cat from the MR2? Want to recycle it and get a few bucks for my efforts hahaLeave a comment:
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Aloha. Does anybody know if the user CanyonCarver is still around? I have a question about one of his threads and he hasn't been on the forum since last year.Leave a comment:
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Preferably BMW diffs, doesn't have to be e30 though. Mostly interested in medium and large case unitsLeave a comment:
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