Article about Temecula housing market in LA Times

[Nor-LA-SD-guy]

When you start to see Articles like these in the main stream media, maybe it’s a sign of Capitulation ???

Just a thought…

As bad as things look in the housing market now, someday things will turn around, There will be a whole new crop of twenty somethings looking for a home in 5 or 10 years.

At some point you will need to decide to get on the Ferris wheel or get out of line and give your ticket to someone else.

Good luck.

[Ren]

If rent vs own is favorable next spring I plan to buy.

You might want to avoid spring and early summer. If you buy, make it fall/winter 2008 or fall 2009.

In Temecula, I’m seeing prices higher now than they were this past winter, artificially inflated by agents/sellers who seem to think that the increased spring activity is a sign of the bottom, and probably hoping to get lucky. I watched several properties sit for 4 months at $260k-ish, only to be bumped to $300k this spring. Still sitting, of course.

[Ren]

If rent vs own is favorable next spring I plan to buy.

You might want to avoid spring and early summer. If you buy, make it fall/winter 2008 or fall 2009.

In Temecula, I’m seeing prices higher now than they were this past winter, artificially inflated by agents/sellers who seem to think that the increased spring activity is a sign of the bottom, and probably hoping to get lucky. I watched several properties sit for 4 months at $260k-ish, only to be bumped to $300k this spring. Still sitting, of course.

[Ren]

If rent vs own is favorable next spring I plan to buy.

You might want to avoid spring and early summer. If you buy, make it fall/winter 2008 or fall 2009.

In Temecula, I’m seeing prices higher now than they were this past winter, artificially inflated by agents/sellers who seem to think that the increased spring activity is a sign of the bottom, and probably hoping to get lucky. I watched several properties sit for 4 months at $260k-ish, only to be bumped to $300k this spring. Still sitting, of course.

[Ren]

If rent vs own is favorable next spring I plan to buy.

You might want to avoid spring and early summer. If you buy, make it fall/winter 2008 or fall 2009.

In Temecula, I’m seeing prices higher now than they were this past winter, artificially inflated by agents/sellers who seem to think that the increased spring activity is a sign of the bottom, and probably hoping to get lucky. I watched several properties sit for 4 months at $260k-ish, only to be bumped to $300k this spring. Still sitting, of course.

[Ren]

If rent vs own is favorable next spring I plan to buy.

You might want to avoid spring and early summer. If you buy, make it fall/winter 2008 or fall 2009.

In Temecula, I’m seeing prices higher now than they were this past winter, artificially inflated by agents/sellers who seem to think that the increased spring activity is a sign of the bottom, and probably hoping to get lucky. I watched several properties sit for 4 months at $260k-ish, only to be bumped to $300k this spring. Still sitting, of course.

[Navydoc]

This is going to be a really tough decision. If I were making it today there is no question we would rent, unless we found a really nice 3000 sf place in Scripps or RB in the mid $600’s. I’m thinking the climate may be different next spring, and I think that deal I proposed may be easier to find than it is now. I’m expecting this summer to be significant, just like last summer was with the siezing up of the credit markets.

When I finish my fellowship in June next year I WILL need to relocate, as the Navy has no Maternal Fetal Medicine specialist in Los Angeles. Whatever happens I will at least be seriously shopping around come March and April. Will I buy? Depends on price. Temeculaguy had some posts about six months ago where he almost pulled the trigger. I expect to feel a lot like him next year.

[Navydoc]

This is going to be a really tough decision. If I were making it today there is no question we would rent, unless we found a really nice 3000 sf place in Scripps or RB in the mid $600’s. I’m thinking the climate may be different next spring, and I think that deal I proposed may be easier to find than it is now. I’m expecting this summer to be significant, just like last summer was with the siezing up of the credit markets.

When I finish my fellowship in June next year I WILL need to relocate, as the Navy has no Maternal Fetal Medicine specialist in Los Angeles. Whatever happens I will at least be seriously shopping around come March and April. Will I buy? Depends on price. Temeculaguy had some posts about six months ago where he almost pulled the trigger. I expect to feel a lot like him next year.

[Navydoc]

This is going to be a really tough decision. If I were making it today there is no question we would rent, unless we found a really nice 3000 sf place in Scripps or RB in the mid $600’s. I’m thinking the climate may be different next spring, and I think that deal I proposed may be easier to find than it is now. I’m expecting this summer to be significant, just like last summer was with the siezing up of the credit markets.

When I finish my fellowship in June next year I WILL need to relocate, as the Navy has no Maternal Fetal Medicine specialist in Los Angeles. Whatever happens I will at least be seriously shopping around come March and April. Will I buy? Depends on price. Temeculaguy had some posts about six months ago where he almost pulled the trigger. I expect to feel a lot like him next year.

[Navydoc]

This is going to be a really tough decision. If I were making it today there is no question we would rent, unless we found a really nice 3000 sf place in Scripps or RB in the mid $600’s. I’m thinking the climate may be different next spring, and I think that deal I proposed may be easier to find than it is now. I’m expecting this summer to be significant, just like last summer was with the siezing up of the credit markets.

When I finish my fellowship in June next year I WILL need to relocate, as the Navy has no Maternal Fetal Medicine specialist in Los Angeles. Whatever happens I will at least be seriously shopping around come March and April. Will I buy? Depends on price. Temeculaguy had some posts about six months ago where he almost pulled the trigger. I expect to feel a lot like him next year.

[Navydoc]

This is going to be a really tough decision. If I were making it today there is no question we would rent, unless we found a really nice 3000 sf place in Scripps or RB in the mid $600’s. I’m thinking the climate may be different next spring, and I think that deal I proposed may be easier to find than it is now. I’m expecting this summer to be significant, just like last summer was with the siezing up of the credit markets.

When I finish my fellowship in June next year I WILL need to relocate, as the Navy has no Maternal Fetal Medicine specialist in Los Angeles. Whatever happens I will at least be seriously shopping around come March and April. Will I buy? Depends on price. Temeculaguy had some posts about six months ago where he almost pulled the trigger. I expect to feel a lot like him next year.

[Ren]

There’s a bunch of nice 3000+ sq ft homes in Temecula for $350-370k. That’s not bad. At $300k, they would be a good deal, no matter how much farther the market has to fall.

There’s even some brand new Morgan Hill homes that aren’t a bad deal for what you get, 3500-4100 sq ft and gorgeous layouts for the mid to high $400’s. Too bad they’re so far away from the 15.

[Ren]

There’s a bunch of nice 3000+ sq ft homes in Temecula for $350-370k. That’s not bad. At $300k, they would be a good deal, no matter how much farther the market has to fall.

There’s even some brand new Morgan Hill homes that aren’t a bad deal for what you get, 3500-4100 sq ft and gorgeous layouts for the mid to high $400’s. Too bad they’re so far away from the 15.

[Ren]

There’s a bunch of nice 3000+ sq ft homes in Temecula for $350-370k. That’s not bad. At $300k, they would be a good deal, no matter how much farther the market has to fall.

There’s even some brand new Morgan Hill homes that aren’t a bad deal for what you get, 3500-4100 sq ft and gorgeous layouts for the mid to high $400’s. Too bad they’re so far away from the 15.

[Ren]

There’s a bunch of nice 3000+ sq ft homes in Temecula for $350-370k. That’s not bad. At $300k, they would be a good deal, no matter how much farther the market has to fall.

There’s even some brand new Morgan Hill homes that aren’t a bad deal for what you get, 3500-4100 sq ft and gorgeous layouts for the mid to high $400’s. Too bad they’re so far away from the 15.

[Author]

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