“i assume the average temecula person stillworks in SD (or OC) and they only came up here to Tem to get more bang for the buck. if prices fall enough, and gas prices increase enough – it really could make a difference between moving back to SD…”
I think you have it “backward”. Currently, prices in Temecula are going down faster than prices in SD. This trend will continue for the next 3 years. This means that, increasingly, more people will find it financially rewarding to buy in Temecula.
In other words:
1. The less desirable areas go down first.
2. Then, they pull the more desirable areas down with them.
Of course, there is a lag/delay between 1 & 2.
Now with that said, the problems (oversupply) in Temecula are just too great that they will overwhelm any additional demand “taken” from San Diego.
