Thanks for the clarification on what you want, now to me the answer for you TG is clear, WIN. I wasn’t saying live frugally, but live easy to move. Go get that 50″ Vizio, have nice furniture, have nice clothes, just not too much crap in the house so it is easy to move. Stock the place with the best liquor, and you are good to go.
We have some things in common, I buy lux cars 2 years old not because I can’t afford to buy them new, but because I get it it cheaper and that’s the way I beat the system and win. Clearly then, If you buy now even at a great deal, it will piss you off when the house next door goes REO and sells for $90k less 6 months later.
I still have some of the brochures from the areas I liked over the years in Temecula, I kept the good ones so that I knew what the resales were all about. Obviously there are people in Redhawk that paid $150 in the late 90’s, but many of those neighborhoods simply look to old. US Homes/Lennar 3000sq ft homes could’ve been had in 01 for $300. Can it get back there? Absolutely.
The area you posted some homes on Fairway Estates, the nicer section where Saint Tisbury is, many of the original owners flipped their homes in 05 and 06 at high prices, bet one will see some of those REO. Not to mention the 1st phasers didnt pay high 5’s and 6’s.
An REO on Mumm in Morgan sold for under 4, and there is another one right now under 4 waiting for you if you really want to buy.
Prices WILL continue to drop.
So my advice on the new plan:
RENT nice, live simply but with nice stuff, drive the car you want, and enjoy your wine women and song.
Continue to build that war chest, decide what percentage of such that you are willing to risk, and use your obvious intelligence and due diligence skills to go high risk high reward on that extra scratch you save from renting vs owning.
When one of the five investments you make pays off with a 10-20x, and house prices have plummeted, you will be KING of Temecula moving into a Santiago Estates custom for under $1m.
