[quote=paramount]TG: Your right, I have a relatively small house payment, a San Diego salary and we live pretty good.
On the other hand, when the low lifes get foreclosed on they are often followed by renters, not that all renters are bad, but it is easier to rent than to buy.
Of course for people who might move to Temecula from CV, 4S and other similar areas it might be a culture shock. Let’s face it Temecula has more than it’s fair share of rednecks (sorry if I offended anyone)…
[/quote]
I would expect few are buying T.V. Mc-mansions as long term rentals, more likely they are just either planning on renting them out a few years until T.V. grows up or plan on moving later (ie.. retire in T.V. in a few more years).
So the rental demo shift I think would be a temporary phenomena .
I would expect to see a transition to more City folks as well as T.V. grows up.
