4S Ranch REO–still too high

[Coronita]

An all brick-sided, picket-fence walled 4,000 sq-ft brand new house with granite kitchen and half-acre yard in Central Texas can be had for $250,000 currently. There are green meadows, sunshine, and plenty of spring waters to go with that. Give or take $200,000 for the weather-and-surfing tax, the same San Diego house should only add up to $450,000 for comparison. Anything above that should be outrageous. After all, you don't want to overpay for the trickle of undiluted water from the Colorado river infused with Moab, Utah's toxic dumpsite kool-aid watering the 4-Closure lawns.

 

Uh, yes but it's hill-billie texas. Hey, I can say that because I was born there. 

[Coronita]

Just keep waiting. Homes like this in this area will eventually sell for $375k – $420k. That's all they're really worth.

 

And just imagine if that happened, what a home in places like Temecula or  Otay Mesa would be…..

 

Temecula: $200k or lower?

 

Things are all relative. Do people here really think temecula will go to the sub $200k?

 

 

[Coronita]

Just keep waiting. Homes like this in this area will eventually sell for $375k – $420k. That's all they're really worth.

 

And just imagine if that happened, what a home in places like Temecula or  Otay Mesa would be…..

 

Temecula: $200k or lower?

 

Things are all relative. Do people here really think temecula will go to the sub $200k?

 

 

[Coronita]

Just keep waiting. Homes like this in this area will eventually sell for $375k – $420k. That's all they're really worth.

 

And just imagine if that happened, what a home in places like Temecula or  Otay Mesa would be…..

 

Temecula: $200k or lower?

 

Things are all relative. Do people here really think temecula will go to the sub $200k?

 

 

[Coronita]

Temeculaguy and others

What are your prospects of RP homes near camino del sur versus 4sranch. I’m beginning to dig that area as prospective investments, as i see a lot of for sales there too. The thing that attracts me to that area is that it seems like some companies have been moving to the 56/15 corridor, and I think as a rental, that might be good in the future.

I believe intuit just signed a 10 year lease there, and a few other companies are moving in around that area too.

Obviously prices are still way too high, but do you folks view this area on par, below par, or over par compared to 4s?

[Coronita]

Temeculaguy and others

What are your prospects of RP homes near camino del sur versus 4sranch. I’m beginning to dig that area as prospective investments, as i see a lot of for sales there too. The thing that attracts me to that area is that it seems like some companies have been moving to the 56/15 corridor, and I think as a rental, that might be good in the future.

I believe intuit just signed a 10 year lease there, and a few other companies are moving in around that area too.

Obviously prices are still way too high, but do you folks view this area on par, below par, or over par compared to 4s?

[Coronita]

Temeculaguy and others

What are your prospects of RP homes near camino del sur versus 4sranch. I’m beginning to dig that area as prospective investments, as i see a lot of for sales there too. The thing that attracts me to that area is that it seems like some companies have been moving to the 56/15 corridor, and I think as a rental, that might be good in the future.

I believe intuit just signed a 10 year lease there, and a few other companies are moving in around that area too.

Obviously prices are still way too high, but do you folks view this area on par, below par, or over par compared to 4s?

[temeculaguy]

Ex SD, I didn’t see your post with all the action here so I failed to reply. When I first came to Temecula 17 years ago you could get a modest 1300 to 1900 sq ft for 120-160k, but 3700 sq ft for 190k, never saw it unless it was far away from temecula, the in town master planned stuff got as low as 160-190k but it was more like 2200-2500 sq ft. Even in the darkest days of the last market, location and amenities still played a role. And you heard stories of big houses in other parts of the country for 80k, I will say what I have always said, enjoy yourself, it’s not for me. So Cal R/E will fall but it will never fall to the levels of most of the country, the disparity will always be there and quite frankly I don’t want to live in Texas or Indonesia for that matter even though I can get a better deal on a house.

FLU, do i see sub 200k prices for Temecula, it all depends on the area and the size. 3700 sq ft, south Temecula within city limits, lets say Morgan Hill or Redhawk, that would be well below 1996-1998 levels, for something fifteen miles north, maybe but if the better locations get there, I’ll pay cash, hell i’d join the dark side and become a landlord at those prices.

[temeculaguy]

Ex SD, I didn’t see your post with all the action here so I failed to reply. When I first came to Temecula 17 years ago you could get a modest 1300 to 1900 sq ft for 120-160k, but 3700 sq ft for 190k, never saw it unless it was far away from temecula, the in town master planned stuff got as low as 160-190k but it was more like 2200-2500 sq ft. Even in the darkest days of the last market, location and amenities still played a role. And you heard stories of big houses in other parts of the country for 80k, I will say what I have always said, enjoy yourself, it’s not for me. So Cal R/E will fall but it will never fall to the levels of most of the country, the disparity will always be there and quite frankly I don’t want to live in Texas or Indonesia for that matter even though I can get a better deal on a house.

FLU, do i see sub 200k prices for Temecula, it all depends on the area and the size. 3700 sq ft, south Temecula within city limits, lets say Morgan Hill or Redhawk, that would be well below 1996-1998 levels, for something fifteen miles north, maybe but if the better locations get there, I’ll pay cash, hell i’d join the dark side and become a landlord at those prices.

[temeculaguy]

Ex SD, I didn’t see your post with all the action here so I failed to reply. When I first came to Temecula 17 years ago you could get a modest 1300 to 1900 sq ft for 120-160k, but 3700 sq ft for 190k, never saw it unless it was far away from temecula, the in town master planned stuff got as low as 160-190k but it was more like 2200-2500 sq ft. Even in the darkest days of the last market, location and amenities still played a role. And you heard stories of big houses in other parts of the country for 80k, I will say what I have always said, enjoy yourself, it’s not for me. So Cal R/E will fall but it will never fall to the levels of most of the country, the disparity will always be there and quite frankly I don’t want to live in Texas or Indonesia for that matter even though I can get a better deal on a house.

FLU, do i see sub 200k prices for Temecula, it all depends on the area and the size. 3700 sq ft, south Temecula within city limits, lets say Morgan Hill or Redhawk, that would be well below 1996-1998 levels, for something fifteen miles north, maybe but if the better locations get there, I’ll pay cash, hell i’d join the dark side and become a landlord at those prices.

[temeculaguy]

FLU I have to pass, I have little knowledge of RP plus I am totally exhausted from my last few posts and I am way behind on my scheduled time to start drinking.

“Beer is proof god loves us and wants us to be happy”

– Ben Franklin

[temeculaguy]

FLU I have to pass, I have little knowledge of RP plus I am totally exhausted from my last few posts and I am way behind on my scheduled time to start drinking.

“Beer is proof god loves us and wants us to be happy”

– Ben Franklin

[temeculaguy]

FLU I have to pass, I have little knowledge of RP plus I am totally exhausted from my last few posts and I am way behind on my scheduled time to start drinking.

“Beer is proof god loves us and wants us to be happy”

– Ben Franklin

[SD Realtor]

FLU I like that area alot. Some big places there… Are you talking like Torrey Hills, Torrey Glenn, Montellano, Avalon Pt? Pretty pricey over there… they have a long way to come down but I like their proximity as opposed to 4S as well. Also bigger lots…

SD Realtor

[SD Realtor]

FLU I like that area alot. Some big places there… Are you talking like Torrey Hills, Torrey Glenn, Montellano, Avalon Pt? Pretty pricey over there… they have a long way to come down but I like their proximity as opposed to 4S as well. Also bigger lots…

SD Realtor

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