Contractors are either very young renters or have young families that live in places like Temecula, Marietta and Escondido.
I don’t see sequestration having an effect on real estate sales in San Diego.[/quote]
And that’s why Temecula is so much more vibrant than San Diego.
My dad has lived in Point Loma for more than 30 years (near the fresh and easy which used to be lucky’s), and it’s like the walking dead around there.
Inventory levels in Temecula are very low right now, about 70% lower than this time last year (which was already low).
20+ offers on a house in the 250k-300k range not uncommon at all.
Most of my co-workers live in San Diego,a few of us live up in Temecula and beyond. On the other hand, most of my co-workers who do live in Temecula do you have younger families.
Sounds like I may need an exit strategy.[/quote]
Don’t mess with your primary home… Unless of course you already have another one that is your primary or gonna be your primary….Look at all the people who don’t have a primary, waited for the longest time for the “magical bottom”, watched it whiz right by…. A primary (reasonably purchased) even if not idea imho still is better than no primary…
Same sort of people that are gonna self-convince themselves everything is a “bad idea” and watch things whiz right by there too…Like bonds a few years ago (the bond scare).. Like the stock market (the equity implosion scare)… Like metals… Like oil/gas (remember all that nonsense about talking about hitting “peak oil”)….
