It’s nice. From folks who live there I heard people have been driving from far away places to check it out. Its an event. There are a lot of new restaraunts in an area already heavy in eateries. We’ll see how that works out as several restaruants have already failed over the past couple of years in that mall.
As for the crowds right now….many, many people in Temecula/Murrieta are not paying ANY mortgage. It is foreclosure/pre-foreclosure central-mega. That is a lot of spending money that shouldn’t really be there. People in pre-foreclosure, just getting a NOD or who have already decided to stop paying when the Alt-A or ARM resets also like to go out and forget their problems. No mystery on the crowds.
Polish that turd all you want but Temecula-Murrieta is toast. Take a look at RealtyTrac and stop listening to the realtors. Who in Temecula is gonna hang-in there paying on a house upside down by $200-$300k?
Knife catchers are an integral part of any correction, that does not make the future-fingerless reliable predictors of the bottom. Realtors have got to get paid and ANY time is a good time to buy.
