I wish some of that would spread just a few miles south to Southern Temecula. I visited DR horton’s Temecula lane just a few weeks ago and wrote about it on another board. They were easily 50k overpriced compared to other builders a few hundred yards away and the other builder had a better location. I will check them out again on Friday and see if they have changed their pricing but since their models aren’t even finished so desperation hasn’t set in. It’s only ten miles from your buddy and 399 would buy you 1800 sq ft. 3/2 on a mini lot with a mini driveway you can’t park a car in, no upgrades, no incentives at all. It’s only ten miles from your buddy and the same builder.
DR needed a reality check, Temecula lane is selling a 1500 sq ft ATTACHED triplex with no courtyard for 360k and walk a mile down the street to woodside you could get a detached alley house 2100 sq ft, moderate yard, no mello roos, lower taxes, cheaper hoa, granite, pick your cabinets free and a bunch of other things for the same price (and the woodsides are not selling). Even if they matched the 20% reduction of their other projects, they would only match the competition. I think your buddy did well, nice fundamentals and a great mortgage, I hope that can spread just a few more offramps south.