TG, good luck with your purchase!
I think we are in the same market and look at similar house at similar price range…so soon one less competitor for me. 🙂
Temecula housing prices are certainly looking good on buy/rent valuation front, but the price is most certainly going to drift downward for the next few months. So I’m making offers with agressive bid compared to comps and I’m happy with either winning the bid or losing the bid. So far, I have been losing…
That said, I don’t think the price is very attractive for investors now. And I will think the price will bottom when it looks very attractive for rational investors. TG has a very good formula that he posted before. Price will be very attractive for rational investors when it is 100xrent. One can probably get 125xrent in Temecula right now which is pretty good for primary residence…as long as it meets all your other personal criteria.
