Well I rolled out to yardhouse on Saturday, the place was rocking but it wasn’t the cougar den I was hoping it would be, more of a old 20’s, young 30’s crowd. Changs’s mellowed out by 11 but Yard still had a fight for seats going, I’d guess 200 patrons. I’ll try it midweek for happy hour before deciding, something less of an amatuer night than a Saturday. My wingman pulled some digits but her friend was not my style so we ended up empty handed. The Public House in Old Town is still my favorite, much more mellow and more in my wheelhouse, age wise, but the stemless wineglasses are still a bother.
harry and scarlett, why so glum, the aftermath is a good time. Sure there will be sad stories but the rebirth is a natural part of the cycle and I’m seeing less lowlifes by the day. In fact my neighbors are in the process of stripping their house right now, both sides are leaving this month, thank goodness. We post boom reseters are having a ball and they are my kind of people, happy to greet my new neighbors (currently 4 of 8 houses are half off buyers like myself, soon to be 6). I have yet to see a lowlife move into the hood and each new occupant is an upgrade in demographics. Don’t fear it, welcome it.
The economy locally isn’t a product of people not paying their mortgage, it is because every new arrival or former renter is paying a small percentage of their income for housing, like it should be. Buying and renting costs the same up here, it’s actually quite liberating financially speaking.
Oh and on the SD vs tem/mur economy, the valley’s total population is in excess of 400k, it’s disposable income is higher than any comparable city in S.D. (including carlsbad)
page 8 and 12 is where I found that info, from the 2008 report, well into our little housing crisis.
an excerpt on retail sales
“It was in this position despite having a population (101,057) that is much smaller than the other cities on this list. In relationship to comparable San Diego County cities, Temecula’s performance was strong. Escondido ($2.7 billion) had slightly stronger sales with a much larger population (143,389). Despite having roughly the same population as Temecula, the other San Diego County city’s had weaker total sales: Carlsbad ($2.4 billion), El Cajon ($2.1 billion), San Marcos
($1.4 billion), Vista ($1.2 billion)”
This can all be traced to fundamentals, only .79 jobs are needed for the median house, compared to well over 1 job for other areas.
I could go on and on with anectodotal info but the reality is that the new Temeculans are a lot like me, they have jobs, they have money and they have house payments that are a fraction of everyone else’s, just as it should be, Booooyaaa! Welcome to the aftermath, people paying much less than 3 times their annual earnings for a house, it’s so good to be me, I think I’m going to go kiss myself in the mirror and perhaps act inappropriately, narcissism is fun.
