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

[SeekerX]

>>I dont think (and the operative word here is “think” since I dont know) that there is any government code that will enforce what type of people move into a neighborhood. I think if someone can get a mortgage and make the payments, that’s their right.

I was thinking more “number” rather than “type” of people, I thought there was a 2-per bedroom limit dictated by code. You hear the term “single-family” residence and indeed in most real estate search engines there are options to search for “Single Family” and/or “Multi-Family”, so I assume there is a difference that is recognized by code otherwise why have a distinction and is there any consequence to violation? If not, let’s just drop the distinction.

>>On the other hand, with credit standards tightening, people who shouldnt really be homeowners probably wont be able to…

Very true and I’m sure if I just wait it out, the ARM will reset and one morning I will wake up and the house in question will be deserted with a short sale sign in the yard. It just unfortunate we had to take this long road back to sanity.

[temeculaguy]

Bunny, a couple of things, first, the Hemmingway project is blowing smoke if they say they are sold out of two plans. They are sold out of two plans of “standing inventory” they are only 10% sold out of what they have in graded lots. They, like other builders stopped building a few months ago, now they finish a phase, move people in, sell off the standing inventory and then they pour foundations for the next phase. This is to create a false sense of scarcity and a defensive mechanism to not get stuck with so many unsold, completed homes. I like their location but they suck as a builder. As you approach the models on Deer hollow, turn right instead of left and drive through that neighborhood that centex built three years ago, the outside of the houses are already falling apart. Here’s an example of a three year old centex adjacent tract to hemmingway, in person the paint is peeing and is faded, that shouldn’t happen in three years. Hemingway uses the same shingle facades and colors, hopefully they switched paint companies.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1359725

If you want to avoid neighborhoods that become rentals, stay with the larger tracts with low bedroom counts. For the most part the reason Paloma is half rentals is a combination of primarily small homes 1,200-1,700 sq ft with some exceptions and over ten years old. With or without the bubble, that is a recepie for future rentals. In Paloma’s few large tracts 2-3k sq ft, I bet the rental percentage is much smaller because small homes pencil out as better rentals. For it’s price range and size it still is a nice place.

Marion there isn’t a huge difference between North and South other than access to San Diego. For the commuter, paramount will probably back me up on this, if you travel South for work, lower 79 is the only option, traffic jams up going North as you pass 79 S., and it’s brutal from there on up, S. 79 can exit at Rainbow and avoid the checkpoint if needed. Until recently there were no apartments South of the 79 so the schools benefit a little (this is more elitism but realistic) because there are 5 elementary schools, two middle schools and a high school South of 79 without a single apartment within it’s boundary. As you move North it gets a little more mixed, however they just reverted half of the condo’s on 79 at temecula creek because they couldn’t sell them as condos so this equalizes things a little. The weather is a little better and with the indian land and national forrest land to the South, there can be no more building other than what is already under construction, expansion is to the east and to the north. Some people like to know that this is a big as something will get when putting down roots.

Bunny, the better non chain Restraunts are starting to pop up in the wine country, South Coast, Ponte and the new one at Leonesse are excellent choices, La Cocina on 79 is great for sit down mexican and killarneys for a beer, it’s all there, you just have to look for it.

To the poster asking about the La jolla commute, don’t do it. Commuting to the North County is acceptable, I’ve done it for 20 years but trying to get to S.D. is just as paramount said, it’s hell going south on the 15 right at the 78, trying to get over to the coast adds numerous possibilites for traffic snarls. Gas prices are not going down anytime soon or ever. Sometimes the 7-10 miles from Esco to Poway takes longer than the ride from Temec to Esco.

[temeculaguy]

Bunny, a couple of things, first, the Hemmingway project is blowing smoke if they say they are sold out of two plans. They are sold out of two plans of “standing inventory” they are only 10% sold out of what they have in graded lots. They, like other builders stopped building a few months ago, now they finish a phase, move people in, sell off the standing inventory and then they pour foundations for the next phase. This is to create a false sense of scarcity and a defensive mechanism to not get stuck with so many unsold, completed homes. I like their location but they suck as a builder. As you approach the models on Deer hollow, turn right instead of left and drive through that neighborhood that centex built three years ago, the outside of the houses are already falling apart. Here’s an example of a three year old centex adjacent tract to hemmingway, in person the paint is peeing and is faded, that shouldn’t happen in three years. Hemingway uses the same shingle facades and colors, hopefully they switched paint companies.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1359725

If you want to avoid neighborhoods that become rentals, stay with the larger tracts with low bedroom counts. For the most part the reason Paloma is half rentals is a combination of primarily small homes 1,200-1,700 sq ft with some exceptions and over ten years old. With or without the bubble, that is a recepie for future rentals. In Paloma’s few large tracts 2-3k sq ft, I bet the rental percentage is much smaller because small homes pencil out as better rentals. For it’s price range and size it still is a nice place.

Marion there isn’t a huge difference between North and South other than access to San Diego. For the commuter, paramount will probably back me up on this, if you travel South for work, lower 79 is the only option, traffic jams up going North as you pass 79 S., and it’s brutal from there on up, S. 79 can exit at Rainbow and avoid the checkpoint if needed. Until recently there were no apartments South of the 79 so the schools benefit a little (this is more elitism but realistic) because there are 5 elementary schools, two middle schools and a high school South of 79 without a single apartment within it’s boundary. As you move North it gets a little more mixed, however they just reverted half of the condo’s on 79 at temecula creek because they couldn’t sell them as condos so this equalizes things a little. The weather is a little better and with the indian land and national forrest land to the South, there can be no more building other than what is already under construction, expansion is to the east and to the north. Some people like to know that this is a big as something will get when putting down roots.

Bunny, the better non chain Restraunts are starting to pop up in the wine country, South Coast, Ponte and the new one at Leonesse are excellent choices, La Cocina on 79 is great for sit down mexican and killarneys for a beer, it’s all there, you just have to look for it.

To the poster asking about the La jolla commute, don’t do it. Commuting to the North County is acceptable, I’ve done it for 20 years but trying to get to S.D. is just as paramount said, it’s hell going south on the 15 right at the 78, trying to get over to the coast adds numerous possibilites for traffic snarls. Gas prices are not going down anytime soon or ever. Sometimes the 7-10 miles from Esco to Poway takes longer than the ride from Temec to Esco.

[temeculaguy]

Bunny, a couple of things, first, the Hemmingway project is blowing smoke if they say they are sold out of two plans. They are sold out of two plans of “standing inventory” they are only 10% sold out of what they have in graded lots. They, like other builders stopped building a few months ago, now they finish a phase, move people in, sell off the standing inventory and then they pour foundations for the next phase. This is to create a false sense of scarcity and a defensive mechanism to not get stuck with so many unsold, completed homes. I like their location but they suck as a builder. As you approach the models on Deer hollow, turn right instead of left and drive through that neighborhood that centex built three years ago, the outside of the houses are already falling apart. Here’s an example of a three year old centex adjacent tract to hemmingway, in person the paint is peeing and is faded, that shouldn’t happen in three years. Hemingway uses the same shingle facades and colors, hopefully they switched paint companies.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1359725

If you want to avoid neighborhoods that become rentals, stay with the larger tracts with low bedroom counts. For the most part the reason Paloma is half rentals is a combination of primarily small homes 1,200-1,700 sq ft with some exceptions and over ten years old. With or without the bubble, that is a recepie for future rentals. In Paloma’s few large tracts 2-3k sq ft, I bet the rental percentage is much smaller because small homes pencil out as better rentals. For it’s price range and size it still is a nice place.

Marion there isn’t a huge difference between North and South other than access to San Diego. For the commuter, paramount will probably back me up on this, if you travel South for work, lower 79 is the only option, traffic jams up going North as you pass 79 S., and it’s brutal from there on up, S. 79 can exit at Rainbow and avoid the checkpoint if needed. Until recently there were no apartments South of the 79 so the schools benefit a little (this is more elitism but realistic) because there are 5 elementary schools, two middle schools and a high school South of 79 without a single apartment within it’s boundary. As you move North it gets a little more mixed, however they just reverted half of the condo’s on 79 at temecula creek because they couldn’t sell them as condos so this equalizes things a little. The weather is a little better and with the indian land and national forrest land to the South, there can be no more building other than what is already under construction, expansion is to the east and to the north. Some people like to know that this is a big as something will get when putting down roots.

Bunny, the better non chain Restraunts are starting to pop up in the wine country, South Coast, Ponte and the new one at Leonesse are excellent choices, La Cocina on 79 is great for sit down mexican and killarneys for a beer, it’s all there, you just have to look for it.

To the poster asking about the La jolla commute, don’t do it. Commuting to the North County is acceptable, I’ve done it for 20 years but trying to get to S.D. is just as paramount said, it’s hell going south on the 15 right at the 78, trying to get over to the coast adds numerous possibilites for traffic snarls. Gas prices are not going down anytime soon or ever. Sometimes the 7-10 miles from Esco to Poway takes longer than the ride from Temec to Esco.

[temeculaguy]

Bunny, a couple of things, first, the Hemmingway project is blowing smoke if they say they are sold out of two plans. They are sold out of two plans of “standing inventory” they are only 10% sold out of what they have in graded lots. They, like other builders stopped building a few months ago, now they finish a phase, move people in, sell off the standing inventory and then they pour foundations for the next phase. This is to create a false sense of scarcity and a defensive mechanism to not get stuck with so many unsold, completed homes. I like their location but they suck as a builder. As you approach the models on Deer hollow, turn right instead of left and drive through that neighborhood that centex built three years ago, the outside of the houses are already falling apart. Here’s an example of a three year old centex adjacent tract to hemmingway, in person the paint is peeing and is faded, that shouldn’t happen in three years. Hemingway uses the same shingle facades and colors, hopefully they switched paint companies.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1359725

If you want to avoid neighborhoods that become rentals, stay with the larger tracts with low bedroom counts. For the most part the reason Paloma is half rentals is a combination of primarily small homes 1,200-1,700 sq ft with some exceptions and over ten years old. With or without the bubble, that is a recepie for future rentals. In Paloma’s few large tracts 2-3k sq ft, I bet the rental percentage is much smaller because small homes pencil out as better rentals. For it’s price range and size it still is a nice place.

Marion there isn’t a huge difference between North and South other than access to San Diego. For the commuter, paramount will probably back me up on this, if you travel South for work, lower 79 is the only option, traffic jams up going North as you pass 79 S., and it’s brutal from there on up, S. 79 can exit at Rainbow and avoid the checkpoint if needed. Until recently there were no apartments South of the 79 so the schools benefit a little (this is more elitism but realistic) because there are 5 elementary schools, two middle schools and a high school South of 79 without a single apartment within it’s boundary. As you move North it gets a little more mixed, however they just reverted half of the condo’s on 79 at temecula creek because they couldn’t sell them as condos so this equalizes things a little. The weather is a little better and with the indian land and national forrest land to the South, there can be no more building other than what is already under construction, expansion is to the east and to the north. Some people like to know that this is a big as something will get when putting down roots.

Bunny, the better non chain Restraunts are starting to pop up in the wine country, South Coast, Ponte and the new one at Leonesse are excellent choices, La Cocina on 79 is great for sit down mexican and killarneys for a beer, it’s all there, you just have to look for it.

To the poster asking about the La jolla commute, don’t do it. Commuting to the North County is acceptable, I’ve done it for 20 years but trying to get to S.D. is just as paramount said, it’s hell going south on the 15 right at the 78, trying to get over to the coast adds numerous possibilites for traffic snarls. Gas prices are not going down anytime soon or ever. Sometimes the 7-10 miles from Esco to Poway takes longer than the ride from Temec to Esco.

[temeculaguy]

Bunny, a couple of things, first, the Hemmingway project is blowing smoke if they say they are sold out of two plans. They are sold out of two plans of “standing inventory” they are only 10% sold out of what they have in graded lots. They, like other builders stopped building a few months ago, now they finish a phase, move people in, sell off the standing inventory and then they pour foundations for the next phase. This is to create a false sense of scarcity and a defensive mechanism to not get stuck with so many unsold, completed homes. I like their location but they suck as a builder. As you approach the models on Deer hollow, turn right instead of left and drive through that neighborhood that centex built three years ago, the outside of the houses are already falling apart. Here’s an example of a three year old centex adjacent tract to hemmingway, in person the paint is peeing and is faded, that shouldn’t happen in three years. Hemingway uses the same shingle facades and colors, hopefully they switched paint companies.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1359725

If you want to avoid neighborhoods that become rentals, stay with the larger tracts with low bedroom counts. For the most part the reason Paloma is half rentals is a combination of primarily small homes 1,200-1,700 sq ft with some exceptions and over ten years old. With or without the bubble, that is a recepie for future rentals. In Paloma’s few large tracts 2-3k sq ft, I bet the rental percentage is much smaller because small homes pencil out as better rentals. For it’s price range and size it still is a nice place.

Marion there isn’t a huge difference between North and South other than access to San Diego. For the commuter, paramount will probably back me up on this, if you travel South for work, lower 79 is the only option, traffic jams up going North as you pass 79 S., and it’s brutal from there on up, S. 79 can exit at Rainbow and avoid the checkpoint if needed. Until recently there were no apartments South of the 79 so the schools benefit a little (this is more elitism but realistic) because there are 5 elementary schools, two middle schools and a high school South of 79 without a single apartment within it’s boundary. As you move North it gets a little more mixed, however they just reverted half of the condo’s on 79 at temecula creek because they couldn’t sell them as condos so this equalizes things a little. The weather is a little better and with the indian land and national forrest land to the South, there can be no more building other than what is already under construction, expansion is to the east and to the north. Some people like to know that this is a big as something will get when putting down roots.

Bunny, the better non chain Restraunts are starting to pop up in the wine country, South Coast, Ponte and the new one at Leonesse are excellent choices, La Cocina on 79 is great for sit down mexican and killarneys for a beer, it’s all there, you just have to look for it.

To the poster asking about the La jolla commute, don’t do it. Commuting to the North County is acceptable, I’ve done it for 20 years but trying to get to S.D. is just as paramount said, it’s hell going south on the 15 right at the 78, trying to get over to the coast adds numerous possibilites for traffic snarls. Gas prices are not going down anytime soon or ever. Sometimes the 7-10 miles from Esco to Poway takes longer than the ride from Temec to Esco.

[NotCranky]

It seems like Temecula really needs some good factories with all the cheap, oversized,unwanted housing. Pretty soon it will be feasible to import sweatshops to the area, as compared to outsourcing to India or Mexico. The McMansions could be divided up into fourplexes or better yet bunk houses. Or maybe we could turn the entire place into a government senior care center. Temecula, assisted living capital of the world.

[NotCranky]

It seems like Temecula really needs some good factories with all the cheap, oversized,unwanted housing. Pretty soon it will be feasible to import sweatshops to the area, as compared to outsourcing to India or Mexico. The McMansions could be divided up into fourplexes or better yet bunk houses. Or maybe we could turn the entire place into a government senior care center. Temecula, assisted living capital of the world.

[NotCranky]

It seems like Temecula really needs some good factories with all the cheap, oversized,unwanted housing. Pretty soon it will be feasible to import sweatshops to the area, as compared to outsourcing to India or Mexico. The McMansions could be divided up into fourplexes or better yet bunk houses. Or maybe we could turn the entire place into a government senior care center. Temecula, assisted living capital of the world.

[NotCranky]

It seems like Temecula really needs some good factories with all the cheap, oversized,unwanted housing. Pretty soon it will be feasible to import sweatshops to the area, as compared to outsourcing to India or Mexico. The McMansions could be divided up into fourplexes or better yet bunk houses. Or maybe we could turn the entire place into a government senior care center. Temecula, assisted living capital of the world.

[NotCranky]

It seems like Temecula really needs some good factories with all the cheap, oversized,unwanted housing. Pretty soon it will be feasible to import sweatshops to the area, as compared to outsourcing to India or Mexico. The McMansions could be divided up into fourplexes or better yet bunk houses. Or maybe we could turn the entire place into a government senior care center. Temecula, assisted living capital of the world.

[paramount]

I could write a book on HOA’s….the HOA in Paloma del Sol is very strong, but there is only so much an HOA can do. An HOA has legal limitations.

I will phrase the question this way: Will Temecula become an Escondido in the next 10-20 years?

If I had to guess, I would say no but probably similar, maybe more like Poway.

There will be “nice” sections and “not so nice” sections. It’s basically that way now.

[paramount]

I could write a book on HOA’s….the HOA in Paloma del Sol is very strong, but there is only so much an HOA can do. An HOA has legal limitations.

I will phrase the question this way: Will Temecula become an Escondido in the next 10-20 years?

If I had to guess, I would say no but probably similar, maybe more like Poway.

There will be “nice” sections and “not so nice” sections. It’s basically that way now.

[paramount]

I could write a book on HOA’s….the HOA in Paloma del Sol is very strong, but there is only so much an HOA can do. An HOA has legal limitations.

I will phrase the question this way: Will Temecula become an Escondido in the next 10-20 years?

If I had to guess, I would say no but probably similar, maybe more like Poway.

There will be “nice” sections and “not so nice” sections. It’s basically that way now.

[paramount]

I could write a book on HOA’s….the HOA in Paloma del Sol is very strong, but there is only so much an HOA can do. An HOA has legal limitations.

I will phrase the question this way: Will Temecula become an Escondido in the next 10-20 years?

If I had to guess, I would say no but probably similar, maybe more like Poway.

There will be “nice” sections and “not so nice” sections. It’s basically that way now.

[Author]

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