So, every other Tuesday a lovely lady comes to clean our house (this is a requirement of my wife working full time). She prefers us to not be home...so Mac and I usually go to the bear place (Hunney's Restaurant) for breakfast. A couple weeks back I was reading an article in the Orange County Register - I know print is dead, but I had nothing else to do for 3 hours. But, I digress...
The article basically said it doesn't make financial sense to live in Riverside County when you work in Orange County. Now, the author of this article not only had a certain amount of snobbery in their writing, but they also lacked the ability to do simple math.
So, I decided to open the MLS, google maps, etc...and see what the actual numbers looked like. Here are the constants for my experiment...
Work address: 17951 Macarthur Blvd, Irvine, CA
Downpayment: 20%
Interest Rate: 6.5%
Mileage: $0.545 (current mileage reimbursement by the Federal Government)
Car: '09 Mercedes Benz C300 Sports Sedan (26 MPG highway)
Premium Gas Price: $2.47/gallon (Chevron as of today)
The City's looked at:
1. Aliso Viejo
2. Costa Mesa
3. Irvine
4. Newport
5. Tustin
6. Villa Park
7. Santa Ana
8. Orange
9. Rancho Santa Margarita
10. Corona
These homes are average...they are obviously not the top of the market, nor are they the worst houses available.
The homes:
31 STONE PINE Aliso Viejo $599,000 4 3 2108
2513 Colby Place Costa Mesa $509,900 4 2 2200
36 Gillman ST Irvine $584,999 5 3 2294
2120 Vista Laredo Newport Beach $929,000 4 3 2100
14112 Carfax AV Tustin $449,900 4 3 2138
10535 South Cedarhil Villa Park $675,000 4 3 2387
1911 West SECREST Santa Ana $350,000 4 2 2112
3343 East Ruth Place Orange $419,000 4 2 2200
19 Sunny Slope R. S. M. $524,900 4 3 2300
13453 Barker LN Corona $239,900 4 3 2100
more to come in tomorrow's post...
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