$200K price drop on house…what’s going on in Temecula?

[paramount]

TG: Yes I do agree that being able to commute from 79 South is a much better option for the reasons you state.

Also, your right on target with the rentals as well. Most of Paloma was built in the early 90’s when the market was tight and it was much easier to sell smaller houses. And we may see that again in the next few years – smaller houses.

[NotCranky]

I wasn’t really calling you out Bunny Meadows. Just commenting on the very deep irony of some of the posts on this thread. Definitely no need to apologize. I am probably somewhere in the middle of the hypocrite/nimby scale myself. I think it is practically unavoidable.

It will be interesting to see how Temecula and surrounding areas manage in the future.

[NotCranky]

I wasn’t really calling you out Bunny Meadows. Just commenting on the very deep irony of some of the posts on this thread. Definitely no need to apologize. I am probably somewhere in the middle of the hypocrite/nimby scale myself. I think it is practically unavoidable.

It will be interesting to see how Temecula and surrounding areas manage in the future.

[NotCranky]

I wasn’t really calling you out Bunny Meadows. Just commenting on the very deep irony of some of the posts on this thread. Definitely no need to apologize. I am probably somewhere in the middle of the hypocrite/nimby scale myself. I think it is practically unavoidable.

It will be interesting to see how Temecula and surrounding areas manage in the future.

[NotCranky]

I wasn’t really calling you out Bunny Meadows. Just commenting on the very deep irony of some of the posts on this thread. Definitely no need to apologize. I am probably somewhere in the middle of the hypocrite/nimby scale myself. I think it is practically unavoidable.

It will be interesting to see how Temecula and surrounding areas manage in the future.

[NotCranky]

I wasn’t really calling you out Bunny Meadows. Just commenting on the very deep irony of some of the posts on this thread. Definitely no need to apologize. I am probably somewhere in the middle of the hypocrite/nimby scale myself. I think it is practically unavoidable.

It will be interesting to see how Temecula and surrounding areas manage in the future.

[Anonymous]

Submitted by Bunny Meadows on January 1, 2008 – 5:28pm.

Truly, I feel like there is an unspoken fear among many around here: that one will buy into a community that LOOKS nice but may attract people who for a variety of reasons – cultural, educational background, inexperience, etc – don’t believe in/understand house maintenance or upkeep. Or that the percentage of rentals will increase on a given street, giving it that “transient” feel.

I suppose there are simply no guarantees, eh….

The home I have rented for over 2 years is in Rancho Bella Vista. The people next door are trash. No two ways about that. They keep trash outside of their trash cans on the side of their house fairly regularly (no wonder about the mice in my garage). I suppose I should have called the HOA on them when it first started. Oh, well. This street is mostly rentals. It definitely has that “transient” feel to it. I will be looking for ways to avoid that when I buy.

There is a mentally ill lady that walks down murrieta hot springs rd. regularly on her way to the supermarket. She smells (I’ve encountered her in the store once). It’s sad. I feel sorry for her. Driving down Wincherster Rd. on the corner of Margarita Rd. I see the occasional bag person every now and then-although that’s pretty close to Harveston. So, there are definitely parts that are better than others. To be honest, I’ll be looking for the better parts when I buy. I don’t want any more neighbors like I have now, but I do understand there are no guarantees.

[Anonymous]

Submitted by Bunny Meadows on January 1, 2008 – 5:28pm.

Truly, I feel like there is an unspoken fear among many around here: that one will buy into a community that LOOKS nice but may attract people who for a variety of reasons – cultural, educational background, inexperience, etc – don’t believe in/understand house maintenance or upkeep. Or that the percentage of rentals will increase on a given street, giving it that “transient” feel.

I suppose there are simply no guarantees, eh….

The home I have rented for over 2 years is in Rancho Bella Vista. The people next door are trash. No two ways about that. They keep trash outside of their trash cans on the side of their house fairly regularly (no wonder about the mice in my garage). I suppose I should have called the HOA on them when it first started. Oh, well. This street is mostly rentals. It definitely has that “transient” feel to it. I will be looking for ways to avoid that when I buy.

There is a mentally ill lady that walks down murrieta hot springs rd. regularly on her way to the supermarket. She smells (I’ve encountered her in the store once). It’s sad. I feel sorry for her. Driving down Wincherster Rd. on the corner of Margarita Rd. I see the occasional bag person every now and then-although that’s pretty close to Harveston. So, there are definitely parts that are better than others. To be honest, I’ll be looking for the better parts when I buy. I don’t want any more neighbors like I have now, but I do understand there are no guarantees.

[Anonymous]

Submitted by Bunny Meadows on January 1, 2008 – 5:28pm.

Truly, I feel like there is an unspoken fear among many around here: that one will buy into a community that LOOKS nice but may attract people who for a variety of reasons – cultural, educational background, inexperience, etc – don’t believe in/understand house maintenance or upkeep. Or that the percentage of rentals will increase on a given street, giving it that “transient” feel.

I suppose there are simply no guarantees, eh….

The home I have rented for over 2 years is in Rancho Bella Vista. The people next door are trash. No two ways about that. They keep trash outside of their trash cans on the side of their house fairly regularly (no wonder about the mice in my garage). I suppose I should have called the HOA on them when it first started. Oh, well. This street is mostly rentals. It definitely has that “transient” feel to it. I will be looking for ways to avoid that when I buy.

There is a mentally ill lady that walks down murrieta hot springs rd. regularly on her way to the supermarket. She smells (I’ve encountered her in the store once). It’s sad. I feel sorry for her. Driving down Wincherster Rd. on the corner of Margarita Rd. I see the occasional bag person every now and then-although that’s pretty close to Harveston. So, there are definitely parts that are better than others. To be honest, I’ll be looking for the better parts when I buy. I don’t want any more neighbors like I have now, but I do understand there are no guarantees.

[Anonymous]

Submitted by Bunny Meadows on January 1, 2008 – 5:28pm.

Truly, I feel like there is an unspoken fear among many around here: that one will buy into a community that LOOKS nice but may attract people who for a variety of reasons – cultural, educational background, inexperience, etc – don’t believe in/understand house maintenance or upkeep. Or that the percentage of rentals will increase on a given street, giving it that “transient” feel.

I suppose there are simply no guarantees, eh….

The home I have rented for over 2 years is in Rancho Bella Vista. The people next door are trash. No two ways about that. They keep trash outside of their trash cans on the side of their house fairly regularly (no wonder about the mice in my garage). I suppose I should have called the HOA on them when it first started. Oh, well. This street is mostly rentals. It definitely has that “transient” feel to it. I will be looking for ways to avoid that when I buy.

There is a mentally ill lady that walks down murrieta hot springs rd. regularly on her way to the supermarket. She smells (I’ve encountered her in the store once). It’s sad. I feel sorry for her. Driving down Wincherster Rd. on the corner of Margarita Rd. I see the occasional bag person every now and then-although that’s pretty close to Harveston. So, there are definitely parts that are better than others. To be honest, I’ll be looking for the better parts when I buy. I don’t want any more neighbors like I have now, but I do understand there are no guarantees.

[Anonymous]

Submitted by Bunny Meadows on January 1, 2008 – 5:28pm.

Truly, I feel like there is an unspoken fear among many around here: that one will buy into a community that LOOKS nice but may attract people who for a variety of reasons – cultural, educational background, inexperience, etc – don’t believe in/understand house maintenance or upkeep. Or that the percentage of rentals will increase on a given street, giving it that “transient” feel.

I suppose there are simply no guarantees, eh….

The home I have rented for over 2 years is in Rancho Bella Vista. The people next door are trash. No two ways about that. They keep trash outside of their trash cans on the side of their house fairly regularly (no wonder about the mice in my garage). I suppose I should have called the HOA on them when it first started. Oh, well. This street is mostly rentals. It definitely has that “transient” feel to it. I will be looking for ways to avoid that when I buy.

There is a mentally ill lady that walks down murrieta hot springs rd. regularly on her way to the supermarket. She smells (I’ve encountered her in the store once). It’s sad. I feel sorry for her. Driving down Wincherster Rd. on the corner of Margarita Rd. I see the occasional bag person every now and then-although that’s pretty close to Harveston. So, there are definitely parts that are better than others. To be honest, I’ll be looking for the better parts when I buy. I don’t want any more neighbors like I have now, but I do understand there are no guarantees.

[gn]

So…back to my original thought: with all of the homes that were built – to accomodate those who wanted the bigger place and didnt mind the commute – but what happens now that the market is downturning and people are not as willing to drive hours every day to get to work?

A few years ago, Temecula also attracted a large number of speculators from SD county. This is why there are so many empty houses in Temecula. Most of the houses bought by the speculators will end up as foreclosures.

Places like Temecula (where there is excessive inventories) are likely to become targets for "vultures". These "vultures" are investment funds that buy properties in bulk (dozens or more at a time) from lenders at bargain prices & rent them out

This is already happening in other parts of the country:

http://www.sptimes.com/2007/10/20/Homes/Housing__Vulture_fund.shtml

[gn]

So…back to my original thought: with all of the homes that were built – to accomodate those who wanted the bigger place and didnt mind the commute – but what happens now that the market is downturning and people are not as willing to drive hours every day to get to work?

A few years ago, Temecula also attracted a large number of speculators from SD county. This is why there are so many empty houses in Temecula. Most of the houses bought by the speculators will end up as foreclosures.

Places like Temecula (where there is excessive inventories) are likely to become targets for "vultures". These "vultures" are investment funds that buy properties in bulk (dozens or more at a time) from lenders at bargain prices & rent them out

This is already happening in other parts of the country:

http://www.sptimes.com/2007/10/20/Homes/Housing__Vulture_fund.shtml

[gn]

So…back to my original thought: with all of the homes that were built – to accomodate those who wanted the bigger place and didnt mind the commute – but what happens now that the market is downturning and people are not as willing to drive hours every day to get to work?

A few years ago, Temecula also attracted a large number of speculators from SD county. This is why there are so many empty houses in Temecula. Most of the houses bought by the speculators will end up as foreclosures.

Places like Temecula (where there is excessive inventories) are likely to become targets for "vultures". These "vultures" are investment funds that buy properties in bulk (dozens or more at a time) from lenders at bargain prices & rent them out

This is already happening in other parts of the country:

http://www.sptimes.com/2007/10/20/Homes/Housing__Vulture_fund.shtml

[gn]

So…back to my original thought: with all of the homes that were built – to accomodate those who wanted the bigger place and didnt mind the commute – but what happens now that the market is downturning and people are not as willing to drive hours every day to get to work?

A few years ago, Temecula also attracted a large number of speculators from SD county. This is why there are so many empty houses in Temecula. Most of the houses bought by the speculators will end up as foreclosures.

Places like Temecula (where there is excessive inventories) are likely to become targets for "vultures". These "vultures" are investment funds that buy properties in bulk (dozens or more at a time) from lenders at bargain prices & rent them out

This is already happening in other parts of the country:

http://www.sptimes.com/2007/10/20/Homes/Housing__Vulture_fund.shtml

[Author]

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