BEST ANSWER
Blake:
I can't answer the finance part of your question, but I can tell you that my daughter just purchased her first home in Orangevale. I have lived all my life (49 years) in the Sacramento area. And while all of Sacramento has changed considerably so has the rest of the world. No area is perfect but I can assure you that I did my homework for my daughter. There is no way I would have let her move somewhere that would have been "dangerous" to begin with. She purchased a fixer next to homes worth 3 times what she paid for hers. How? We had a great real estate agent, who listened to every request we had and then she met every single one. While they weren't difficult requests (at least .25 acre 3 bd/2bth, fireplace) we had to be patient to find that perfect house for my daughter. She even got a bonus that she wasn't asking for, a large built-in pool.
Because my daughter works full-time and is finishing her Master's, I did most of the searching for her and was able to "weed" out places that were beyond her capabilities (financially and physically) to take care of. And I was able to make sure she was as safe as possible. While homes in the Orangevale area are known for being above the average median price, if you are willing to buy a fixer, it is a buyer's market and I feel confident that you could find the minimum of 3bd/2bth/2car with 1350sq ft for $180K or less.
Since we have been helping our daughter move and fix up her home (paint, windows, flooring etc) I have meet almost every neighbor on her block. They are wonderful people and I would jump at the chance to move to Orangevale in a heartbeat. Just find the right real estate agent and anything is possible!!! Good Luck. L
Mon Apr 6 2009, 01:51