[quote=desmond]RCguy, I am glad you bought in R.C. but do you need to constantly tell the board about it? You guys down in the “RC” need to let it go. If your happy then great, but get off the justification and on to another topic. There have been more RC is Great vs RC Sucks topics then needed. I have not seen one post on VG’s donuts yet. [/quote]
The area gets a bad rap due to preconceived notions and the spread of FUD. If I were to post inaccurate things about Carlsbad, I’m sure you’d find a fair number of Carlsbad residents up in arms.
Many folks look at the macro economic picture, form an opinion and apply blanket assumptions across an area they frankly have little knowledge of. The piggs that have bought did so for a reason – we obviously know the doom and gloom, we read the threads, we’ve been here long enough to not go into this decision lightly. We’ve obviously put ourselves out there armed with the same knowledge as everyone else. We’ve felt the time is right based on fundamentals and dove into the market. We can argue employment, inflation, predictions, etc all day but when it comes down to it there are three simple facts in play:
1. It is cheaper to buy than rent in Temecula/Murrieta
2. The median home prices is in-line with *current* median incomes (and yes, even RE agents are making *tons* of money now – the market is on fire here)
3. The population has continue to grow since the housing implosion in 2006. People aren’t moving out of the area back to the coast, in fact people *continue* to move here. Build-out is approaching.
We’ve already reached those three metrics which are my signals for a bottom (+/- 5%). Unemployment will probably increase and there will probably be lots more pain in areas that still haven’t reach equilibrium. We are not in a macro bottom, this is a very localized situation.
