That hotpads link is just realty trac fed data, it’s the same font, same info, same pics, they just cull data from realty trac. Yahoo does the same thing, check their foreclosures and it will look just the same and be just as inaccurate.
The bargains link is worse. I checked five props that I have knowledge of, all five are wrong.
I wont dispute the San Francisco article, I don’t disagree with your overall sentiment and I certainly agree that Temecula is ground zero. I’ve said for years it was the epicenter, I coined the “pain train” phrase/theory because of it. My argument is that because it was the epicenter is reason I’m calling bottom for this town and this town only. Because rent positive rentals appeared first, because prices are below construction cost, because new construction has stopped, because affordability has returned with a vengence, because it is the 3rd hottest market in the nation (according to forbes), because inventory is falling and has been for a few months, because it was so bad the last year or two that many of the homes have already changed hands and there just isn’t enough powder left in the cannon.
I understand that you are reading some websites and think it’s going to go to hell in a handbasket, but my positiopn is that it already did, the pain train came through and is now working it’s way through San Diego, hopefully for the piggies the gov’t wont derail it before it gets to their beloved carmel valley.
Youi sources for specific listings and foreclosures are not good sources, many realtors on these boards can confirm that and other data junkies will tell you that those sources are weak, at best.
The only way to decide this argument is time, so let’s revisit this thread in 3, 4, or 6 months and we will see how far temec goes down from now after the shadow inventory hits. If my tract falls to between $50 and $70 a square ft, you win, you can call me whatever you want, I’ll get a t-shirt that says “chump” and I’ll even look into a personalized license plate bearing the same or similar name. If it holds near the $85 mark that I paid, I win, and all you have to do is is create a thread that says “I should have listend to TG,” Deal?
