Thanks Aztec, yes there are quite a few repos/nods in 92562 but I think about a hundred were part of that R.E. scam that was in the papers and on this site a few months back, most of their holding were in 92562, my problem is I already know where I want to live. I hope a lot of the jobs are subject to failure in the R.E. industry as Bugs pointed out but I just checked some stats on yahoo neighborhoods
and found that 92592 had 75k median household and 83% home ownership. 92591 (north temec) and 92562 (murrieta) drop 8-10k in income (as you go further north it gets worse). I checked some north county inland areas (Vista, San Marcos, Esco) and found the income was in the 40’s and 50’s and the ownership in the 50% range. Poway was almost a dead heat with Temecula and carlsbad 92009 was only 8k higher in income with the same ownersip rates. These people are getting their money from somewhere and 75k median doesn’t come from jobs at the mall. Poway and Carlsbad houses are about double the price of Temecula yet the average Temeculan makes the same or almost the same money, if those areas dropped 50% they would be as affordable as Temecula is today, that’s what scares me as I wait for the bust.
92592 stats are skewed and that’s my hope against the argument above because there is not one single apartment building in the entire zip code, how’s that for planning. 56k residents of the zip 92592 and no apartments, six elementary schools, two middle schools and one high school without a single apartment dweller student. The schools in 92592 consistently take the top spot in Riv/San Bernadino, not in the top but “the” top spot. My point is, the bubble will hurt all areas but the most desirable area (not just a small enclave of nice) should do better, that’s why I’m staying in 92592 despite the deals I can get in nearby areas.
As far as infrastructure goes, only traffic is a lacking, with more than 1 officer per thousand residents they have more cops per capita than any s.d. town with the exception of carlsbad where they have 107 sworn to 92k residents, almost exactly what temecula has (currently 1 for every 943). The new hospital on 79 south will be over 200 beds, more than the other two existing hospitals combined and two new fire stations are nearing completion, it seems to me infrastructure is catching up. I am absolutely certain where I want to live within a two mile radius, the only question is when to strike.
