For a while I’ve wondered what would happen in TV because I also perceived it as mainly a bedroom community.
Temecula is definitely not a job center. But after living here for many years, I’m surprised how many people I’ve met that have good jobs and do not commute. I would have to say I know more non-commuters than commuters. One particular type of job that is common among Temecula residents is a sales position that covers a Southern CA territory. Temecula works well for this role because it is centrally located in SoCal, is affordable, and is a nice place to live.
Plus, for those that do commute, Rancho Bernardo and even Carlsbad is still less than an hour (about 40 miles, not 60). I would say homes in Temecula are easily less than half the price of comparable homes in the areas that do have jobs. For many, this price difference is compelling. If values in higher-priced areas hold up, I do not see why values would fall even more Temecula.
I don’t expect Temecula to grow much going forward(which is fine by me). However, I also don’t think comparisons to Victorville and Palmdale are accurate. These areas were even farther out from the job centers, and Temecula is a much nicer place.