I beg to differ completely with you two. The one street in Morgan Hill and the other one in Wildomar might be filled with the 2% of the population that have the income and liquid asset to ride out the current situation, but that is small percentages of the population. I currently reside in the older part of Temecula (established older resident that probably were bought around 1990-1995), and on our street there are only 2 REO properties for sales (the places are being taken care off, so no dead grasses). However I just have a walk to the other side of street (not the same HOA) last time and the brown lawn properties struck me hard. Trashed lawn and wooden fences falling apart. Its sickening and sad.
Temecula is a great, however there is nothing to support the housing prices here. Seriously there is one fortune 100 company and then Costco or Macy (correct me if I am wrong). I don’t think you could afford a $400,000 house with Costco’s salary. Every Morning I looked at the jammed 15S frwy entrance, and feel sorry for those folks(been there). I don’t know about you, but if I am upside on my house and need to put up with all the commute to SD, I will more incline to turn over the keys (not considering the ARM reset if I took one of those)
On the other note, I likes some part of Winchester, which is closer to Temecula borders, but are concerned like what the other poster said about no HOA which could caused the whole neighborhood going bad
