“Give Temecula 10-15 years, it will be a MUCH nicer area, and it WILL be a tourist destination. The homes the wise buy in at $50-75 sq ft range and rent out until the area is ready, will do well.”
Anyway, I have two buddies from the North L.A area, one mid fifties, the other about 60 years old, both recently bought foreclosed homes in Temecula one 330K the other a little over 300K. Both paid cash, were they fools ?? maybe — are they worried ?? not much .
Both do not plan on moving into the area in 5 or so years after they retire, keep as weekend second homes until then.
I have a third buddy now considering doing the same.
I think the nicer homes/areas in T.V. will still find buyers around this level.
