[quote=Ren]Question for you, Paramount – were your issues a result of bad luck or a series of mistakes on your part? If you can blame it soley on something specific to TV, please let us know what that is so we can learn from it. If you were in great financial shape, would you still look at TV the same way?
We’ve only been living here for 8 months, but we love it so far, and more and more, the coast is starting to look like the bigger compromise. The downsides to Temecula aren’t a big deal, but on the coast, you pay 2-4 times as much for housing and as a result have many more working years until retirement. For those without substantial income (high 100’s+), this is a major, life-altering difference. We’ll retire on the coast at 55, while our friends in Bay Park will be working another 10 years to pay off their 1,500sf mistakes.[/quote]
Ren, paramount . . . I’m trying to learn, too. I’m totally unfamiliar with TV except what I have seen from the interstate. My only “experience” with RIV County is driving thru there (SR 395 which later became I-15 which later became I-15E, which later became I-215) on the way to ski resorts. There seems to be several on this board who are VERY attracted to this area.
Ren, what do you mean by “2-4 times as much for housing?” Where are you referring to (on the “coast”) as a basis for comparison? Why is purchasing a 1500 sf property in Bay Park a “mistake” in comparison to purchasing a house in TV? (Aren’t many lots in BP are large enough for expansion?)
How can you “retire on the coast at 55” if there isn’t sufficient equity (or “value” if free and clear) in your TV property from a potential sale to buy on the “coast” mortgage-free when the time comes?
Do you consider non-coastal San Diego communities “the coast,” such as UC, La Mesa, Chula Vista, Allied Gardens, North Park, College area, etc?
Do you think the areas mentioned above, for example, are better or worse investments (over the long haul) than TV?
If you don’t mind my asking, what is your property tax rate in TV? Are you paying MR bonds?
I’m more interested in your thoughts on my 1st and 2nd questions than the others. Thanks.
