the end of the gse moratorium on foreclosures is a big deal. banks holding inventory, but no longer have to due to accounting rules changes, are going to dump.
temecula is heading for the dumps. it was a dump in 98, it’ll be a dump again. if you bought knowing so, if you bought for the low price, then you’re fine. screw everyone else, you can deal. but if you thought the mile of malls was some kind of local phenomenon, a guggenheim of suburbia… well…
temecula should be nice. nice and cheap. it’s an ex-exurb of riverside/san diego/la. for the kind of mileage you’ll be putting on, yeah. you should get your money’s worth. if you work in temecula in whatever local industries they have, great. but don’t assume that that industry employs the entire mcmansionville.
and when the big fake boobs sag down into big bellies, that’s when you’ll know temecula has hit bottom. or rather, it’s natural resonant frequency.
i only hope that rosa’s tortilla factory remain in operation. so delicious…
