Hawk and Former, I want in on the bet, hell I’ll buy the beers anyway because my guess is too vague to be classified as a bet. I think we should have to name a zip code, like calling a pocket in billiards.
For clarification is it just the city of Temecula or the Temecula Valley. I think you are both right. French Valley and Wildomar will hit 50% off peak in 4-5 months, central Murrieta in 7-10 months and North Temecula 92591 10-12 months, South Temecula 92592 12-15 months. Looking at the zip codes from North to South the household income decreases as you move north and the amount of peak price development went the opposite direction. Right now the NOD’s and forclosures in the french valley are running at 2x to 3x that of temecula when you factor population and run nods by zip. They are legally in the city of murrieta but only by virtue of annexation and they are pretty far removed from what most consider murrieta and some parts aren’t in the school district. They will all go down the bathtub drain but those closest to the drain will go first.
