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

[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.

[eclipxe]

[quote=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. [/quote]

The area gets a bad rap due to preconceived notions and the spread of FUD. If I were to post inaccurate things about Carlsbad, I’m sure you’d find a fair number of Carlsbad residents up in arms.

Many folks look at the macro economic picture, form an opinion and apply blanket assumptions across an area they frankly have little knowledge of. The piggs that have bought did so for a reason – we obviously know the doom and gloom, we read the threads, we’ve been here long enough to not go into this decision lightly. We’ve obviously put ourselves out there armed with the same knowledge as everyone else. We’ve felt the time is right based on fundamentals and dove into the market. We can argue employment, inflation, predictions, etc all day but when it comes down to it there are three simple facts in play:

1. It is cheaper to buy than rent in Temecula/Murrieta
2. The median home prices is in-line with *current* median incomes (and yes, even RE agents are making *tons* of money now – the market is on fire here)
3. The population has continue to grow since the housing implosion in 2006. People aren’t moving out of the area back to the coast, in fact people *continue* to move here. Build-out is approaching.

We’ve already reached those three metrics which are my signals for a bottom (+/- 5%). Unemployment will probably increase and there will probably be lots more pain in areas that still haven’t reach equilibrium. We are not in a macro bottom, this is a very localized situation.

[eclipxe]

[quote=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. [/quote]

The area gets a bad rap due to preconceived notions and the spread of FUD. If I were to post inaccurate things about Carlsbad, I’m sure you’d find a fair number of Carlsbad residents up in arms.

Many folks look at the macro economic picture, form an opinion and apply blanket assumptions across an area they frankly have little knowledge of. The piggs that have bought did so for a reason – we obviously know the doom and gloom, we read the threads, we’ve been here long enough to not go into this decision lightly. We’ve obviously put ourselves out there armed with the same knowledge as everyone else. We’ve felt the time is right based on fundamentals and dove into the market. We can argue employment, inflation, predictions, etc all day but when it comes down to it there are three simple facts in play:

1. It is cheaper to buy than rent in Temecula/Murrieta
2. The median home prices is in-line with *current* median incomes (and yes, even RE agents are making *tons* of money now – the market is on fire here)
3. The population has continue to grow since the housing implosion in 2006. People aren’t moving out of the area back to the coast, in fact people *continue* to move here. Build-out is approaching.

We’ve already reached those three metrics which are my signals for a bottom (+/- 5%). Unemployment will probably increase and there will probably be lots more pain in areas that still haven’t reach equilibrium. We are not in a macro bottom, this is a very localized situation.

[eclipxe]

[quote=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. [/quote]

The area gets a bad rap due to preconceived notions and the spread of FUD. If I were to post inaccurate things about Carlsbad, I’m sure you’d find a fair number of Carlsbad residents up in arms.

Many folks look at the macro economic picture, form an opinion and apply blanket assumptions across an area they frankly have little knowledge of. The piggs that have bought did so for a reason – we obviously know the doom and gloom, we read the threads, we’ve been here long enough to not go into this decision lightly. We’ve obviously put ourselves out there armed with the same knowledge as everyone else. We’ve felt the time is right based on fundamentals and dove into the market. We can argue employment, inflation, predictions, etc all day but when it comes down to it there are three simple facts in play:

1. It is cheaper to buy than rent in Temecula/Murrieta
2. The median home prices is in-line with *current* median incomes (and yes, even RE agents are making *tons* of money now – the market is on fire here)
3. The population has continue to grow since the housing implosion in 2006. People aren’t moving out of the area back to the coast, in fact people *continue* to move here. Build-out is approaching.

We’ve already reached those three metrics which are my signals for a bottom (+/- 5%). Unemployment will probably increase and there will probably be lots more pain in areas that still haven’t reach equilibrium. We are not in a macro bottom, this is a very localized situation.

[eclipxe]

[quote=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. [/quote]

The area gets a bad rap due to preconceived notions and the spread of FUD. If I were to post inaccurate things about Carlsbad, I’m sure you’d find a fair number of Carlsbad residents up in arms.

Many folks look at the macro economic picture, form an opinion and apply blanket assumptions across an area they frankly have little knowledge of. The piggs that have bought did so for a reason – we obviously know the doom and gloom, we read the threads, we’ve been here long enough to not go into this decision lightly. We’ve obviously put ourselves out there armed with the same knowledge as everyone else. We’ve felt the time is right based on fundamentals and dove into the market. We can argue employment, inflation, predictions, etc all day but when it comes down to it there are three simple facts in play:

1. It is cheaper to buy than rent in Temecula/Murrieta
2. The median home prices is in-line with *current* median incomes (and yes, even RE agents are making *tons* of money now – the market is on fire here)
3. The population has continue to grow since the housing implosion in 2006. People aren’t moving out of the area back to the coast, in fact people *continue* to move here. Build-out is approaching.

We’ve already reached those three metrics which are my signals for a bottom (+/- 5%). Unemployment will probably increase and there will probably be lots more pain in areas that still haven’t reach equilibrium. We are not in a macro bottom, this is a very localized situation.

[eclipxe]

[quote=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. [/quote]

The area gets a bad rap due to preconceived notions and the spread of FUD. If I were to post inaccurate things about Carlsbad, I’m sure you’d find a fair number of Carlsbad residents up in arms.

Many folks look at the macro economic picture, form an opinion and apply blanket assumptions across an area they frankly have little knowledge of. The piggs that have bought did so for a reason – we obviously know the doom and gloom, we read the threads, we’ve been here long enough to not go into this decision lightly. We’ve obviously put ourselves out there armed with the same knowledge as everyone else. We’ve felt the time is right based on fundamentals and dove into the market. We can argue employment, inflation, predictions, etc all day but when it comes down to it there are three simple facts in play:

1. It is cheaper to buy than rent in Temecula/Murrieta
2. The median home prices is in-line with *current* median incomes (and yes, even RE agents are making *tons* of money now – the market is on fire here)
3. The population has continue to grow since the housing implosion in 2006. People aren’t moving out of the area back to the coast, in fact people *continue* to move here. Build-out is approaching.

We’ve already reached those three metrics which are my signals for a bottom (+/- 5%). Unemployment will probably increase and there will probably be lots more pain in areas that still haven’t reach equilibrium. We are not in a macro bottom, this is a very localized situation.

[eclipxe]

And hey, I might be wrong but *oh well*. Let’s apply Pascal’s Wager here. If I’m wrong and we drop a bit more than 5%, oh well! I still got to enjoy my house, pool, hot tub, workout room, office, etc for *less* than it would cost me to rent. I can still rent out my place and cash-flow with all impounds included. Over-time my equity will return, but my holding costs are quite low. I’ve lost very little.

On the other hand, if we’re right and Temecula is an area that you desire (*it is NOT for everyone) but you continue to wait on a bottom for years you will find inflation rising, rents going up, house selection dwindling and your money on rent wasted. In five years of holding, I will have enjoyed a significant tax break, a stable place to live and growth in my other investments all while living in a wonderful neighborhood in my dream home.

I’ve made my decision.

Headed out now – we actually have a bit of nightlife out here now also… 😉

[eclipxe]

And hey, I might be wrong but *oh well*. Let’s apply Pascal’s Wager here. If I’m wrong and we drop a bit more than 5%, oh well! I still got to enjoy my house, pool, hot tub, workout room, office, etc for *less* than it would cost me to rent. I can still rent out my place and cash-flow with all impounds included. Over-time my equity will return, but my holding costs are quite low. I’ve lost very little.

On the other hand, if we’re right and Temecula is an area that you desire (*it is NOT for everyone) but you continue to wait on a bottom for years you will find inflation rising, rents going up, house selection dwindling and your money on rent wasted. In five years of holding, I will have enjoyed a significant tax break, a stable place to live and growth in my other investments all while living in a wonderful neighborhood in my dream home.

I’ve made my decision.

Headed out now – we actually have a bit of nightlife out here now also… 😉

[eclipxe]

And hey, I might be wrong but *oh well*. Let’s apply Pascal’s Wager here. If I’m wrong and we drop a bit more than 5%, oh well! I still got to enjoy my house, pool, hot tub, workout room, office, etc for *less* than it would cost me to rent. I can still rent out my place and cash-flow with all impounds included. Over-time my equity will return, but my holding costs are quite low. I’ve lost very little.

On the other hand, if we’re right and Temecula is an area that you desire (*it is NOT for everyone) but you continue to wait on a bottom for years you will find inflation rising, rents going up, house selection dwindling and your money on rent wasted. In five years of holding, I will have enjoyed a significant tax break, a stable place to live and growth in my other investments all while living in a wonderful neighborhood in my dream home.

I’ve made my decision.

Headed out now – we actually have a bit of nightlife out here now also… 😉

[eclipxe]

And hey, I might be wrong but *oh well*. Let’s apply Pascal’s Wager here. If I’m wrong and we drop a bit more than 5%, oh well! I still got to enjoy my house, pool, hot tub, workout room, office, etc for *less* than it would cost me to rent. I can still rent out my place and cash-flow with all impounds included. Over-time my equity will return, but my holding costs are quite low. I’ve lost very little.

On the other hand, if we’re right and Temecula is an area that you desire (*it is NOT for everyone) but you continue to wait on a bottom for years you will find inflation rising, rents going up, house selection dwindling and your money on rent wasted. In five years of holding, I will have enjoyed a significant tax break, a stable place to live and growth in my other investments all while living in a wonderful neighborhood in my dream home.

I’ve made my decision.

Headed out now – we actually have a bit of nightlife out here now also… 😉

[eclipxe]

And hey, I might be wrong but *oh well*. Let’s apply Pascal’s Wager here. If I’m wrong and we drop a bit more than 5%, oh well! I still got to enjoy my house, pool, hot tub, workout room, office, etc for *less* than it would cost me to rent. I can still rent out my place and cash-flow with all impounds included. Over-time my equity will return, but my holding costs are quite low. I’ve lost very little.

On the other hand, if we’re right and Temecula is an area that you desire (*it is NOT for everyone) but you continue to wait on a bottom for years you will find inflation rising, rents going up, house selection dwindling and your money on rent wasted. In five years of holding, I will have enjoyed a significant tax break, a stable place to live and growth in my other investments all while living in a wonderful neighborhood in my dream home.

I’ve made my decision.

Headed out now – we actually have a bit of nightlife out here now also… 😉

[temeculaguy]

[quote=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. [/quote]

He was probably referring to me since I have “guy” in my name. No problem desmond, I did manage to fade away for a while, wandered back for a bit, but your wish is my command, I’ll fade once again and I also tire of the constant battling, I’m somehwere between “leave us alone” and “go to hell” in my reactions. In my defense, I don’t start these fights or these threads, with the exception of the old ones that people bring up to compare predictions of the past to curent conditions, we geeks think that is fun. With your persmisson I would like to pop in now and again to visit old friends.

[temeculaguy]

[quote=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. [/quote]

He was probably referring to me since I have “guy” in my name. No problem desmond, I did manage to fade away for a while, wandered back for a bit, but your wish is my command, I’ll fade once again and I also tire of the constant battling, I’m somehwere between “leave us alone” and “go to hell” in my reactions. In my defense, I don’t start these fights or these threads, with the exception of the old ones that people bring up to compare predictions of the past to curent conditions, we geeks think that is fun. With your persmisson I would like to pop in now and again to visit old friends.

[temeculaguy]

[quote=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. [/quote]

He was probably referring to me since I have “guy” in my name. No problem desmond, I did manage to fade away for a while, wandered back for a bit, but your wish is my command, I’ll fade once again and I also tire of the constant battling, I’m somehwere between “leave us alone” and “go to hell” in my reactions. In my defense, I don’t start these fights or these threads, with the exception of the old ones that people bring up to compare predictions of the past to curent conditions, we geeks think that is fun. With your persmisson I would like to pop in now and again to visit old friends.

[temeculaguy]

[quote=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. [/quote]

He was probably referring to me since I have “guy” in my name. No problem desmond, I did manage to fade away for a while, wandered back for a bit, but your wish is my command, I’ll fade once again and I also tire of the constant battling, I’m somehwere between “leave us alone” and “go to hell” in my reactions. In my defense, I don’t start these fights or these threads, with the exception of the old ones that people bring up to compare predictions of the past to curent conditions, we geeks think that is fun. With your persmisson I would like to pop in now and again to visit old friends.

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