sdnerd, the topic was about Temecula, not the neighborhoods YOU wanted to live in. Its pretty clear on that. I do agree with you in that there are nicer areas with better weather and closer to jobs where those numbers would get me excited as well.
If one is interested in buying in Temecula then the situation is different. There is an absolute mountain of REOs just stacked up behind some bottle neck. The banks only release a few at those 40-50% bubble reduction prices in order to maintain an artificial market. The only ones that touch the 60% mark that I have seen are fixers.
Then there is the shadow inventory that Mr. Mortgage has explained so well. Temecula/Murietta is ground zero for shadow inventory that does not even show up on RealtyTrac.
