Dude, sit tight and rent. I also rent in Tem, lived here since 90. I’m a former r.e. agent myself. If you ask me, this valley is one of the most overpriced in the country. Temecula now is a joke. All new homes are a 2% tax, built on little lots right next to each other, its sad. To feel special they all pimp out their homes with fancy blinds, flooring, granite, stainless steel this and that, stamped concrete here and there, maybe a pool if they have some equity and the lot is big enough. But it still ends up looking like the guy next door which makes keeping up with the Jones’ even more important. Some software guy that works in SD, but had to buy here, and now thinks his home is a gold mine, and now he’s his own Bill gates. They’re all over the place here. You can’t talk logic either. They don’t believe there could be a prob with the economy, housing, gas prices, people are just blind. I’m just a doom and gloomer for mentioning it.
You are right about the gas/commute dilemma many are facing. Eventually, gas will go even higher and it will affect everyone. I still can tolerate the city, but I can’t believe these prices today.
Some houses have quadrupled in price in the last 11 years, no joke. Now, they all think its gonna continue.
Traffic here is now completely out of control. People are rude, impatient, and materialistic. Paid for plastic soccer moms now run rampant, truly believing that they are living the life of a desperate house wife, mowing over anything that gets in the way of their lifted SUVs. They all look the same. We really did have a woman run over an old man in the Costco parking lot with a lifted Excursion, because she was on the cell phone. The nicest parts of town now are the older parts, where things move a bit slower, and people seem more down to earth.
But over at the mall/Costco area, and its a war zone. Its only getting worse, I’m afraid.
My advice is to save on that nice rent you have. I would also recommend putting down at least 10% or more an any home purchases. I’d stay away from 100% financing. Good luck.
