Laguna Woods often fits the bill if you are looking for an affordable home. After all, you can get a house at quite a low price. However, some things often bother people regarding this area. For instance, why is Laguna Woods so cheap?
Understanding why before making such a huge investment and a life-changing decision would be good. What if the fair prices are all for the wrong reasons? Unfortunately, there is no need to speculate on this matter anymore.
This article discusses this topic to help you decide whether to live in this area. So, without much ado, letโs delve into this topic. It is high time to know why Laguna Woods is so cheap.
1. Reasons Why Laguna Woods Is So Cheap
Why is Laguna Woods so cheap? Here are some interesting answers to the question.
1.1 Amenities
Laguna Woods is so cheap because of the availability of amenities. Consequently, one doesnโt have to spend extra money to pay for the services these facilities offer. It is no secret that gym subscriptions can often cost a considerable amount of money. Interestingly, thatโs not the case for Laguna Woodsโ residents.
On the contrary, these residents can access such recreational facilities without spending much money on their services. Besides gyms, they can also access golf courses, tennis courts, and swimming pools within their localities.
The same applies to luxury amenities such as gourmet kitchens and patio fireplaces. They are a part of most rental homes in Laguna Woods. Again, the rents arenโt high despite such amenities. It explains why living in Laguna Woods can be quite cheap.
1.2 Property Values
It is no secret that Laguna Woods is considered among Orange Countyโs wealthiest cities. So, why is Laguna Woods so cheap despite this fact? It turns out that buying or renting a property in this area is cheap. If you compare it with the prices of its neighbors, what one pays to live in Laguna Woods is always relatively low.
Sometimes, the homes in Laguna Woods can be lower by 50% of the average price of buying one in the state. If the property value is this low, nothing is stopping the area from being an affordable place to reside.
Remember that its HOA fees and taxes are also quite reasonable. If you also factor in the aspect, Laguna Woods can be so cheap to reside. Therefore, anyone looking for an affordable rental or home should consider such an area.
1.3 Low Cost of Living
Unfortunately, many people often overlook this factor when considering a cheap place to stay. After all, expenses donโt end with buying a house. Whatโs the essence of purchasing a home at an affordable price only to break the bank when settling other bills and expenses?
Residents of Laguna Woods have a reason to celebrate since thatโs not one of their worries. The heating and cooling expenses arenโt high enough to make living here expensive. The same applies to the high taxes; hence, it is hard to strain financially as you strive to settle the bills.
You donโt pay much for the rentals or homes in Laguna Woods. The prices of food and transport in the area are also quite low. So, thatโs one of the reasons Laguna Woods is so cheap.
1.4 Low Crime Rates
Crime has a way of adversely affecting peopleโs finances. After all, theft is known to bring huge losses to the victims. Besides, motor vehicle theft could lead to a huge loss thatโs hard to recover from within a short time.
Burglary isnโt an exception, and these thefts leave behind much damage, including changing locks, replacing stolen items, and sometimes hospital bills and deaths in case of armed robbery and robbery with violence.
Interestingly, you donโt have to worry about such issues when residing in Laguna Woods. You donโt even have to spend money installing various security measures to deal with theft cases.
After all, it is a place that has recorded low crime rates. It is one of the safest Orange County cities, too. Besides affordability, that also means peace of mind, which is usually priceless.
2. What Are the Advantages of Living in Laguna Woods?
Besides Laguna Woods being cheap, there are other reasons why you should consider living in this area. They include the following;
2.1 Cost of Living
Health care, transportation, groceries, housing costs, and utilities are usually below average. The same applies to miscellaneous goods and services, thus making Laguna Woodsโ cost of living relatively low.
2.2 Crime
The crime rate in the area is also low; hence, there is no need to worry about your safety. Your belongings are also safe, meaning you can live a comfortable life without worries.
2.3 Poverty Rate
The average rate in American cities is usually between 10 and 13 percent. Interestingly, that of Laguna Woods is even lower than that. Given how high poverty rates adversely affect how people live their lives, this area becomes a perfect choice.
2.4 Quality of Life
Whereas affordability is a good thing when looking for a house or home, it wouldnโt make much difference if you werenโt happy with your life. It would be best to consider a place like Laguna Woods that balances the two. The residents are quite happy, going by the statistics. Its level of crime, education, and cost of living also enhances its livability.
3. What Are the Disadvantages of Living in Laguna Woods?
Whereas Laguna Woods is so cheap, it has its demerits. These advantages include the following;
- It is a small city with a population of 16,228 residents only; hence, economic conditions may not be exemplary.
- You may also want to proceed cautiously, given its declining population growth.
Final Words: Why Is Laguna Woods So Cheap?
So, why is Laguna Woods so cheap? It turns out that there are various reasons why this area is inexpensive. It turns out they are all great; hence, there is no need to worry about residing there.
From our discussion, some of these reasons include amenities, low cost of living, low crime rate, and property value in the area. Besides affordability, there are also other advantages of living in the area.
Nevertheless, there is a downside to living in Laguna Woods; the concerns arenโt major, though. Remember that whether a place is good to live depends on your preferences. Ensure the area meets your needs and wants. After all, everyone deserves a great home.
Last Updated on by Kirti Chhikara21
