[quote=carlsbadworker]Sorry for hijacking the thread. But where do you guys think the Temecula price is headed. I heard some realtor says that $100/sqft is roughly the cost to build a house so that’s the rock-bottom price. I believe that is probably true for new homes, but existing homes should be 10-15% lower than that. Is that possible, excluding the scenario of $10/gallon gas?[/quote]
It depends on the size of the place, but there’s no reason why many resale homes won’t go lower than $100/sqft. I hope to pay $80-$90 for rental property there.
