For what it’s worth, Looking around North L.A. is just now starting to get hit really hard, down 25-30% now looking to go much lower from what I am hearing from the realtors I have talked to up here (many more foreclosures just now hitting the market in North L.A. Ventura area). There will be no shortage of formerly nice low cost homes in many area’s to choose from it seems (the whole place is starting to look like T.V. as far as foreclosures).
Palmdale is no way comparison to Temecula, Palmdale is a good two to two and half hour drive to the nearest coast, it is a true desert area, with thousands of square miles of mostly flat land available stretching east to Vegas and beyond.
There is almost no June gloom effect ever and it snows every winter, black ice is a frequent road hazard in that area in the winter.
Also for what it worth, there are more Fortune 500 companies in Temecula than there is in Valencia so Temecula definitely has a good start going here.
