Then you only have to worry about the gas price, inflation, rate increase and general market pricing pressure on the Temecula/Murrieta area. I would say from all of this 70% or greater declines from the peak are not to be a surprise if they happen and hope is not something to put a capital investment behind. My brother is finding this out firsthand by being 30-40% underwater on his first home he bought in the area only 7 months ago.
That whole area is in the process of being financially nuked.
