[quote=flu]And maybe if people bought more real estate, they don’t need to deal with commute traffic. Because maybe in the future they don’t need to go to work during commute hours. It’s sure one of my goals in the future.[/quote]
That’s not very realistic unless you leverage like crazy. Rental market is a commodity service market so the long-term return is low. People are betting on the appreciation part of the return for Temecula Valley, I do too but I am not going to leverage like crazy.
There are certainly many risks. The Temecula Valley has built great community and attracted a highly educated demographics profile. But it hasn’t been able to turn that asset into an employment center for professional jobs. There are overall underlying economic trend here: most companies are no longer competing sorely on costs in U.S. They compete with market differentiation, and that bode well for city centers…where you get people to interact more by chance and suburban is losing out its attractiveness, therefore Temecula might not follow the path of old suburban areas, most notably the orange county . But on the other side, there is no great return without risks…and buying at bottom prices a few years ago is like head you win, tail you don’t lose. (I bought two and both appreciated 50%, so in theory, I can have one paid-off house if I want…and therefore doesn’t matter where the price goes)
