20 new homes to be bulldozed in Temecula (signaling a bottom:)

[eclipxe]

[quote=Rt.66][quote=paramount]Last night I went to Lucille’s at the Promenade (part of the new addition).

In all objectivity, Temecula has a good vibe going on right now considering the overall economy.

I am glad to live in Temecula.[/quote]

I saw a children laughing and playing today.

Dude, you are the preverbial frog in a sauce pan. The water is heating up but you are in denial. You should just relax. The Temecula Valley Ministry of DISinformation jumps on every post that leans negative towards the area like white on rice.

You guys jump in with your transparent lines like “no, no, no, there’s no bulldozing here, that’s 3 miles down the road. Pf Changs, The Mall, Nothing to see here now move along”

Its not your fault and there is nothing you can do to stop what’s happening. Pick an underwater number that you are gonna go jingle mail at and then chill. Enjoy the hot tub until it gets too hot to stand.

[/quote]

Yes, we are in denial. We are enjoying our wonderful weather, new restaurants, Coach store, new Apple store, affordable homes, good schools and hot tubs (I *really* like mine). We sure are the fools, right? Why can’t we just open our eyes and see that our city is doomed and we’ve made the biggest mistakes of our lives and we’ll be laid off tomorrow and the flu will kill us and, and, and homes are being BULLDOZED! Everybody panic. I mean here, look at this scary graph! EVERYONE is foreclosed. Doom! Look at the graph, the data, why won’t anyone listen to me. Bulldozed. Realtors everywhere, lies!!!!

Sadly we all can’t share your reality my friend.

Although, I could do without the Coach store. (The girlfriend has already wrangled shoes out of me…We aren’t allowed to go back there for a while)

[temeculaguy]

Rt.66, If I give you a little history lesson, you will whine and complain that the ministry of misinformation is spinning again.

So before I explain that this has happened before, will happen again and has been profitable in the past, let’s agree on the fact that we are in an R/E meltdown, we did just have an epic bubble and we are experiencing the worst nominal price drops and foreclosures of our lifetimes. These are things we all agree on, we disagree on where we are going to end up, what 2010, 2011 and 2015 will look like. Without furhter ado:

In the early mid 1990’s, in Temecula, a number of tracts that had yet to open, shut down. In about 1995 they demolished the models to a tract on the north side of town, off nicholas road on the north side of N.General Kearney. Foundations for the first few phases were poured, all utilswere in and the models were framed and roofed but not quite done yet. After they mowed them down (unknown if “they” was the builder or the bank) they sat for a few years. In 1997/1998 they built bigger models and began selling them. The market had changed a little, the houses were larger than the old models had been but they were priced higher and as things turned around, each year they sold them for more and then opened a few other tracts and so on. But during the down cycle, whoever owned that land chose to not build and not to finish or maintain a dozen houses. When they shut down, houses were going for 120-140k, they started selling them in 1998 for about that same price and by the time they finished in 2003, they were getting 330k. So in hindsight, they made the right call, scrap the project, wait a few years and then build when demand returns, they recouped the loss of the models, the taxes and the interest by selling a few hundred houses for double or triple what they were selling for just a few years earlier. That is what investors try to do, they try to time things, in that case they were right. On the opposite side of the street, there were two tracts and they were more than half done when the downturn hit, so they just finished their tracts, made less or no money and stopped building new tract, they chose to finish up because they were mostly done but if they had started, they likely would have quit.

Temeku hills also fenced in a beautiful golf course and built nothing for a few years, I used to think they were crazy, but in hindsight it made them more money to wait. It also may have changed hands wile it was fenced in, we didn;t have the internet and I didn’t follow things that closely then.

It’s not the apocolypse, it’s business, it’s part of the cycle.

[temeculaguy]

Rt.66, If I give you a little history lesson, you will whine and complain that the ministry of misinformation is spinning again.

So before I explain that this has happened before, will happen again and has been profitable in the past, let’s agree on the fact that we are in an R/E meltdown, we did just have an epic bubble and we are experiencing the worst nominal price drops and foreclosures of our lifetimes. These are things we all agree on, we disagree on where we are going to end up, what 2010, 2011 and 2015 will look like. Without furhter ado:

In the early mid 1990’s, in Temecula, a number of tracts that had yet to open, shut down. In about 1995 they demolished the models to a tract on the north side of town, off nicholas road on the north side of N.General Kearney. Foundations for the first few phases were poured, all utilswere in and the models were framed and roofed but not quite done yet. After they mowed them down (unknown if “they” was the builder or the bank) they sat for a few years. In 1997/1998 they built bigger models and began selling them. The market had changed a little, the houses were larger than the old models had been but they were priced higher and as things turned around, each year they sold them for more and then opened a few other tracts and so on. But during the down cycle, whoever owned that land chose to not build and not to finish or maintain a dozen houses. When they shut down, houses were going for 120-140k, they started selling them in 1998 for about that same price and by the time they finished in 2003, they were getting 330k. So in hindsight, they made the right call, scrap the project, wait a few years and then build when demand returns, they recouped the loss of the models, the taxes and the interest by selling a few hundred houses for double or triple what they were selling for just a few years earlier. That is what investors try to do, they try to time things, in that case they were right. On the opposite side of the street, there were two tracts and they were more than half done when the downturn hit, so they just finished their tracts, made less or no money and stopped building new tract, they chose to finish up because they were mostly done but if they had started, they likely would have quit.

Temeku hills also fenced in a beautiful golf course and built nothing for a few years, I used to think they were crazy, but in hindsight it made them more money to wait. It also may have changed hands wile it was fenced in, we didn;t have the internet and I didn’t follow things that closely then.

It’s not the apocolypse, it’s business, it’s part of the cycle.

[temeculaguy]

Rt.66, If I give you a little history lesson, you will whine and complain that the ministry of misinformation is spinning again.

So before I explain that this has happened before, will happen again and has been profitable in the past, let’s agree on the fact that we are in an R/E meltdown, we did just have an epic bubble and we are experiencing the worst nominal price drops and foreclosures of our lifetimes. These are things we all agree on, we disagree on where we are going to end up, what 2010, 2011 and 2015 will look like. Without furhter ado:

In the early mid 1990’s, in Temecula, a number of tracts that had yet to open, shut down. In about 1995 they demolished the models to a tract on the north side of town, off nicholas road on the north side of N.General Kearney. Foundations for the first few phases were poured, all utilswere in and the models were framed and roofed but not quite done yet. After they mowed them down (unknown if “they” was the builder or the bank) they sat for a few years. In 1997/1998 they built bigger models and began selling them. The market had changed a little, the houses were larger than the old models had been but they were priced higher and as things turned around, each year they sold them for more and then opened a few other tracts and so on. But during the down cycle, whoever owned that land chose to not build and not to finish or maintain a dozen houses. When they shut down, houses were going for 120-140k, they started selling them in 1998 for about that same price and by the time they finished in 2003, they were getting 330k. So in hindsight, they made the right call, scrap the project, wait a few years and then build when demand returns, they recouped the loss of the models, the taxes and the interest by selling a few hundred houses for double or triple what they were selling for just a few years earlier. That is what investors try to do, they try to time things, in that case they were right. On the opposite side of the street, there were two tracts and they were more than half done when the downturn hit, so they just finished their tracts, made less or no money and stopped building new tract, they chose to finish up because they were mostly done but if they had started, they likely would have quit.

Temeku hills also fenced in a beautiful golf course and built nothing for a few years, I used to think they were crazy, but in hindsight it made them more money to wait. It also may have changed hands wile it was fenced in, we didn;t have the internet and I didn’t follow things that closely then.

It’s not the apocolypse, it’s business, it’s part of the cycle.

[temeculaguy]

Rt.66, If I give you a little history lesson, you will whine and complain that the ministry of misinformation is spinning again.

So before I explain that this has happened before, will happen again and has been profitable in the past, let’s agree on the fact that we are in an R/E meltdown, we did just have an epic bubble and we are experiencing the worst nominal price drops and foreclosures of our lifetimes. These are things we all agree on, we disagree on where we are going to end up, what 2010, 2011 and 2015 will look like. Without furhter ado:

In the early mid 1990’s, in Temecula, a number of tracts that had yet to open, shut down. In about 1995 they demolished the models to a tract on the north side of town, off nicholas road on the north side of N.General Kearney. Foundations for the first few phases were poured, all utilswere in and the models were framed and roofed but not quite done yet. After they mowed them down (unknown if “they” was the builder or the bank) they sat for a few years. In 1997/1998 they built bigger models and began selling them. The market had changed a little, the houses were larger than the old models had been but they were priced higher and as things turned around, each year they sold them for more and then opened a few other tracts and so on. But during the down cycle, whoever owned that land chose to not build and not to finish or maintain a dozen houses. When they shut down, houses were going for 120-140k, they started selling them in 1998 for about that same price and by the time they finished in 2003, they were getting 330k. So in hindsight, they made the right call, scrap the project, wait a few years and then build when demand returns, they recouped the loss of the models, the taxes and the interest by selling a few hundred houses for double or triple what they were selling for just a few years earlier. That is what investors try to do, they try to time things, in that case they were right. On the opposite side of the street, there were two tracts and they were more than half done when the downturn hit, so they just finished their tracts, made less or no money and stopped building new tract, they chose to finish up because they were mostly done but if they had started, they likely would have quit.

Temeku hills also fenced in a beautiful golf course and built nothing for a few years, I used to think they were crazy, but in hindsight it made them more money to wait. It also may have changed hands wile it was fenced in, we didn;t have the internet and I didn’t follow things that closely then.

It’s not the apocolypse, it’s business, it’s part of the cycle.

[temeculaguy]

Rt.66, If I give you a little history lesson, you will whine and complain that the ministry of misinformation is spinning again.

So before I explain that this has happened before, will happen again and has been profitable in the past, let’s agree on the fact that we are in an R/E meltdown, we did just have an epic bubble and we are experiencing the worst nominal price drops and foreclosures of our lifetimes. These are things we all agree on, we disagree on where we are going to end up, what 2010, 2011 and 2015 will look like. Without furhter ado:

In the early mid 1990’s, in Temecula, a number of tracts that had yet to open, shut down. In about 1995 they demolished the models to a tract on the north side of town, off nicholas road on the north side of N.General Kearney. Foundations for the first few phases were poured, all utilswere in and the models were framed and roofed but not quite done yet. After they mowed them down (unknown if “they” was the builder or the bank) they sat for a few years. In 1997/1998 they built bigger models and began selling them. The market had changed a little, the houses were larger than the old models had been but they were priced higher and as things turned around, each year they sold them for more and then opened a few other tracts and so on. But during the down cycle, whoever owned that land chose to not build and not to finish or maintain a dozen houses. When they shut down, houses were going for 120-140k, they started selling them in 1998 for about that same price and by the time they finished in 2003, they were getting 330k. So in hindsight, they made the right call, scrap the project, wait a few years and then build when demand returns, they recouped the loss of the models, the taxes and the interest by selling a few hundred houses for double or triple what they were selling for just a few years earlier. That is what investors try to do, they try to time things, in that case they were right. On the opposite side of the street, there were two tracts and they were more than half done when the downturn hit, so they just finished their tracts, made less or no money and stopped building new tract, they chose to finish up because they were mostly done but if they had started, they likely would have quit.

Temeku hills also fenced in a beautiful golf course and built nothing for a few years, I used to think they were crazy, but in hindsight it made them more money to wait. It also may have changed hands wile it was fenced in, we didn;t have the internet and I didn’t follow things that closely then.

It’s not the apocolypse, it’s business, it’s part of the cycle.

[temeculaguy]

Another thing, why do you think there are so many non real estate passionate temculans that love their hood? Why are you here? If you think it is going to hell, then why do you spend enough time here to know the various things about the town than only a personal visit would provide. Are you considering buying here? Why?

You have to read some old threads before you call paramount a cheerleader and russell doesn’t live here and may have never been here.

Don’t threaten us with jingle mail, I’ve conversed on the boards and by e-mail with almost every one of piggy temecula recent buyers, most are very open about their financial situation, their housing needs and not one is expecting appreciation, all have fixed loans and all bought houses that they can afford. Why does that piss you off? My fixed mortage payment with impounds is one week’s pay, who the f*&k cares if the next up cycle is in 2010 or 2020, there will be no jingle mail, I’ve danced this dance before, I’ve been upside down and upside up on houses in this town, but none of it mattered until I sold and I never lost a house so that is why I’m not afraid because I’m not going anywhere so appreciation isn’t a concern, affordability is, and having extra money to invest in something other than your house is something that affordability permits you to do.

[temeculaguy]

Another thing, why do you think there are so many non real estate passionate temculans that love their hood? Why are you here? If you think it is going to hell, then why do you spend enough time here to know the various things about the town than only a personal visit would provide. Are you considering buying here? Why?

You have to read some old threads before you call paramount a cheerleader and russell doesn’t live here and may have never been here.

Don’t threaten us with jingle mail, I’ve conversed on the boards and by e-mail with almost every one of piggy temecula recent buyers, most are very open about their financial situation, their housing needs and not one is expecting appreciation, all have fixed loans and all bought houses that they can afford. Why does that piss you off? My fixed mortage payment with impounds is one week’s pay, who the f*&k cares if the next up cycle is in 2010 or 2020, there will be no jingle mail, I’ve danced this dance before, I’ve been upside down and upside up on houses in this town, but none of it mattered until I sold and I never lost a house so that is why I’m not afraid because I’m not going anywhere so appreciation isn’t a concern, affordability is, and having extra money to invest in something other than your house is something that affordability permits you to do.

[temeculaguy]

Another thing, why do you think there are so many non real estate passionate temculans that love their hood? Why are you here? If you think it is going to hell, then why do you spend enough time here to know the various things about the town than only a personal visit would provide. Are you considering buying here? Why?

You have to read some old threads before you call paramount a cheerleader and russell doesn’t live here and may have never been here.

Don’t threaten us with jingle mail, I’ve conversed on the boards and by e-mail with almost every one of piggy temecula recent buyers, most are very open about their financial situation, their housing needs and not one is expecting appreciation, all have fixed loans and all bought houses that they can afford. Why does that piss you off? My fixed mortage payment with impounds is one week’s pay, who the f*&k cares if the next up cycle is in 2010 or 2020, there will be no jingle mail, I’ve danced this dance before, I’ve been upside down and upside up on houses in this town, but none of it mattered until I sold and I never lost a house so that is why I’m not afraid because I’m not going anywhere so appreciation isn’t a concern, affordability is, and having extra money to invest in something other than your house is something that affordability permits you to do.

[temeculaguy]

Another thing, why do you think there are so many non real estate passionate temculans that love their hood? Why are you here? If you think it is going to hell, then why do you spend enough time here to know the various things about the town than only a personal visit would provide. Are you considering buying here? Why?

You have to read some old threads before you call paramount a cheerleader and russell doesn’t live here and may have never been here.

Don’t threaten us with jingle mail, I’ve conversed on the boards and by e-mail with almost every one of piggy temecula recent buyers, most are very open about their financial situation, their housing needs and not one is expecting appreciation, all have fixed loans and all bought houses that they can afford. Why does that piss you off? My fixed mortage payment with impounds is one week’s pay, who the f*&k cares if the next up cycle is in 2010 or 2020, there will be no jingle mail, I’ve danced this dance before, I’ve been upside down and upside up on houses in this town, but none of it mattered until I sold and I never lost a house so that is why I’m not afraid because I’m not going anywhere so appreciation isn’t a concern, affordability is, and having extra money to invest in something other than your house is something that affordability permits you to do.

[temeculaguy]

Another thing, why do you think there are so many non real estate passionate temculans that love their hood? Why are you here? If you think it is going to hell, then why do you spend enough time here to know the various things about the town than only a personal visit would provide. Are you considering buying here? Why?

You have to read some old threads before you call paramount a cheerleader and russell doesn’t live here and may have never been here.

Don’t threaten us with jingle mail, I’ve conversed on the boards and by e-mail with almost every one of piggy temecula recent buyers, most are very open about their financial situation, their housing needs and not one is expecting appreciation, all have fixed loans and all bought houses that they can afford. Why does that piss you off? My fixed mortage payment with impounds is one week’s pay, who the f*&k cares if the next up cycle is in 2010 or 2020, there will be no jingle mail, I’ve danced this dance before, I’ve been upside down and upside up on houses in this town, but none of it mattered until I sold and I never lost a house so that is why I’m not afraid because I’m not going anywhere so appreciation isn’t a concern, affordability is, and having extra money to invest in something other than your house is something that affordability permits you to do.

[desmond]

RCguy, I am glad you bought in R.C. but do you need to constantly tell the board about it? You guys down in the “RC” need to let it go. If your happy then great, but get off the justification and on to another topic. There have been more RC is Great vs RC Sucks topics then needed. I have not seen one post on VG’s donuts yet.

[desmond]

RCguy, I am glad you bought in R.C. but do you need to constantly tell the board about it? You guys down in the “RC” need to let it go. If your happy then great, but get off the justification and on to another topic. There have been more RC is Great vs RC Sucks topics then needed. I have not seen one post on VG’s donuts yet.

[desmond]

RCguy, I am glad you bought in R.C. but do you need to constantly tell the board about it? You guys down in the “RC” need to let it go. If your happy then great, but get off the justification and on to another topic. There have been more RC is Great vs RC Sucks topics then needed. I have not seen one post on VG’s donuts yet.

[desmond]

RCguy, I am glad you bought in R.C. but do you need to constantly tell the board about it? You guys down in the “RC” need to let it go. If your happy then great, but get off the justification and on to another topic. There have been more RC is Great vs RC Sucks topics then needed. I have not seen one post on VG’s donuts yet.

[Author]

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