First of all I agree with both Diego Mamani and masayako. I have been in the Temecula Valley for over 16 years. I am familiar with that area, and personally don’t like it. The taxes are high, I believe the HOA is high as well, its at the edge of Murrieta close to Wildomar. I don’t see the appeal, nor the rational on why to pay ridiculous prices for a home thats worth maybe $250k 5 years ago.

You said you would be going 100% financed, ughhh thats financial suicide. I don’t understand how people think they can swing a $3500 month payment, but they can’t afford a dime when it comes to closing costs or down payment.

You said:
unless you can predict that this 500k house will sell for $300k in two years..but i don’t see things falling tha badly…

do you guys?

I think most here do, maybe more like 4-5 years though, certainly I do.

JohnAlt91941 was right about the math, yours is way off. Not only would you be paying over $1100 more to own that home, imagine if it did drop down to $300, you would have also lost at least $200k.