“Prices will be stagnant for 5+ years though. I don’t anticipate any appreciation until we see some inflation or employment recovery.”
Well at this rate, at somepoint Temecula Valley will run out of Foreclosures, at that point I think we could see a sizable spike (maybe 50-75K at least JMO) over what these foreclosures have been going for lately.
(Don’t think the builders are going to be selling you a 3000 sqf home for less than 300K in red hawk or Morgan hill anytime soon unless it’s a going out of business sale).
And as nice a guy as TG is I doubt he will sell you his for less than 300K either.
Even if it’s on the flat area’s I doubt the builders are going to be throwing a lot of upgrades for homes less than 300K unless they are under 2000 sqf maybe.
Well good luck (maybe just maybe these are screeming deals right now ???, just wanted to throw that out there).
