TG- Sons of Anarchy on FX has replaced the Wire on my side. Also getting into True Blood. Generation Kill is very good, but not getting into it.
The K Hov Model at 435 I was referring to was the MODEL, highly upgraded and builder sold for $899.
The K Hov listing you posted is a WOW price, considering I paid $450 for that same model in an early phase, I believe it was 03. Got out at $565, and they sold for over 700 at some point. That buyer still lives in the home.
I can see why you wanted the Rancho Serrano home, that is a nice tract, and will stay nice IMO. Home looks well upgraded and kept.
There are/will be more homes in areas like the Vintage Hills one under $65 sq, but will need major renovation. Many homes are being stripped of EVERYTHING. I saw a UHaul in a once decent tract where they were loading the kitchen cabinets and the kitchen sink was in the driveway.
Journey at Pechanga reopens in a few weeks I think.
Getting the right house you want at 75-90 is safe. You have the taste and knowledge to not get burned.
I wouldn’t worry about a big influx of people to Temecula propping up prices. Inventory is coming, and prices are dropping in OC and SD. The areas of OC and SD staying strong are wealthy areas where the residents would not want to relocate in Temecula. Even then those areas have declined 20%.
I don’t completely agree with the theory that builders can’t build at certain prices. McMillin claims the homes they have left in the Morgan tracts are below their cost, and we often hear that you can’t build a home for less than %75, 80, 90 sq etc. BS.
How are homes being built and sold for $100k in other parts of the country?
Land prices will go down, materials will come down, and with all the out of work contractors, labor will come down. They are down.
Someone will buy lots at firesale prices from the builders out there at some point, and will build a lower cost home, offer financing, and we’ll see signs again for new homes in the $190’s and less in the Temecula/Murrieta valley.
