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investing in apartments: Dramatic OC Rent Cuts Make for Profitable Investment - 01/27/10 01:12 PM
Early this week, rent comps in Orange County showed that Lake Forest had a huge decrease in the rental price of apartment of 11.4% as displayed by realfacts.com. Affecting this reduction, surrounding cities such as Brea, Aliso Viejo, Orange, Placentia and Fullerton, also had decreases in their rental prices. Realfacts.com compared these cuts nationwide and found that apartment rentals, on average are down by $105. What does this mean for today’s investor?
Investment opportunities are currently unlimited due to the economic downturn. Even with the dramatic decrease in rent costs, apartments are still being occupied to their full capacity. These rent … (0 comments)
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investing in apartments: Affordable Housing in Orange County -- Apartments, Student Apartments, Senior Housing - 07/14/09 09:56 AM
Southern California Association of Governments (SCAG) continues to put undue pressure by way of decree on cities to build affortable housing. Irvine is fighting back. SCAG is requiring 35,000 affordable housing units by 2014 in this city alone. A total of 82,000 affordable housing units (often apartments, senior housing, and student housing) are required by SCAG by this deadline for Orange County. Anaheim is required to build 9,498, Santa Ana 3,393 and Huntington Beach is mandated to provide 2,092 to its housing stock. Similiar decrees are being required of cities in the counties of Riverside County, San Bernardino, Los Angeles, and … (0 comments)
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