That is an interesting article, but I don’t think Sesena has much at all in common with Temecula.
I tend to think of Temecula and Murrieta as one community, so here is what I am noticing as a resident of the Murriecula area…
The area is still jammed with people, although there certainly are plenty of homes empty due to foreclosure. Traffic is still dense and the Temecula Mall is going through construction and expansion. How are those new upscale stores — Pottery Barn for example — going to do in this economy? We will find out.
It does appear that developers have stopped building homes and that they can’t sell the inventory they have left.
More commercial properties are vacant all the time and furniture row in Murrieta is one area that does indeed resemble a ghost town. Maybe we will see some auto dealers go under soon?
Financial distress and strained marriages seem to be everywhere. Young people in particular are having trouble finding jobs. Its a tough time, and it doesn’t help that the temperature reaches the high nineties almost every day.
One more thought: how will this area do if we have water rationing next year? Would Harveston look good as a dry concrete lake? I hear they do have bad water problems in Spain, so maybe that Sesena comparison isn’t too far off after all.
