Wildomar is epitomizes the term “bedroom community”. I grew up there (yes it is a middle school) although that area is close to Murrieta and nice for Wildomar.
At the peak there were $750,000 McMansions in an area where the best jobs until you get to Temecula are in school districts.
Maybe the builders are defaulting on their loans.
That or someone stole the sign and put it in front of their own house.