Business data point in Temecula

[eclipxe]

Two homes up my street just sold for >$100 sqft. Similar sq footage as mine. I got in at around $95 psqf.

I’ll call a bottom along with TemeculaGuy.

Foreclosures in the pipeline, realtytrac issues, unemployment, etc etc etc. You balance the negative with unprecedented government intervention and a median home price in line with actual incomes and rental parity across the majority of properties.

Just as you have delusional kool-aid drinkers on the way up, you have delusional bottom-feeders on the way down. I like to stay fairly neutral and look at what is really happening.

The crash started here earlier and it makes sense that stabilization and bottoming will occur here earlier. Just because *your* market hasn’t bottomed doesn’t mean the story is the same everywhere.

But what do I know…

[HarryBosch]

Someone (Bob?) mentioned earlier that TV prices won’t stop falling until No.San Diego stops falling. I tend to agree with that perspective.

I’ve got neighbors who live here in TV but work in OC.

Economically, TV is sandwiched between OC and SD. Job losses in OC and SD exert downward pressure on houses in those geos but they also have an indirect effect on house prices in TV becuase of the people who live here but work outside the county.

I recently read an article in the OC Register about a CSUF projection of 20,000 jobs being lost in OC in 2009.

But “…As bleak as CSUF’s forecast was it was rosier than one released by the Los Angeles Economic Development Corp. forecast in February. The LAEDC’s forecast predicted Orange County would lose 43,200 jobs this year with employment continuing to drop in 2010, but at a slower pace.”

http://www.ocregister.com/articles/forecast-county-orange-2373020-percent-year

43,200 jobs lost in OC may not make a large ripple out here in TV but it will still reach us.

On another note, my teenage daughter went into the Buckles store at the Promenade mall for an interview. While she was there about 10-15 other women (middle age) came to interview for the same job. Although that’s just a snaphot in time it is a data point nevertheless. Middle age women, competing with teenagers for jobs in Temecula – just another data point.

[HarryBosch]

Someone (Bob?) mentioned earlier that TV prices won’t stop falling until No.San Diego stops falling. I tend to agree with that perspective.

I’ve got neighbors who live here in TV but work in OC.

Economically, TV is sandwiched between OC and SD. Job losses in OC and SD exert downward pressure on houses in those geos but they also have an indirect effect on house prices in TV becuase of the people who live here but work outside the county.

I recently read an article in the OC Register about a CSUF projection of 20,000 jobs being lost in OC in 2009.

But “…As bleak as CSUF’s forecast was it was rosier than one released by the Los Angeles Economic Development Corp. forecast in February. The LAEDC’s forecast predicted Orange County would lose 43,200 jobs this year with employment continuing to drop in 2010, but at a slower pace.”

http://www.ocregister.com/articles/forecast-county-orange-2373020-percent-year

43,200 jobs lost in OC may not make a large ripple out here in TV but it will still reach us.

On another note, my teenage daughter went into the Buckles store at the Promenade mall for an interview. While she was there about 10-15 other women (middle age) came to interview for the same job. Although that’s just a snaphot in time it is a data point nevertheless. Middle age women, competing with teenagers for jobs in Temecula – just another data point.

[HarryBosch]

Someone (Bob?) mentioned earlier that TV prices won’t stop falling until No.San Diego stops falling. I tend to agree with that perspective.

I’ve got neighbors who live here in TV but work in OC.

Economically, TV is sandwiched between OC and SD. Job losses in OC and SD exert downward pressure on houses in those geos but they also have an indirect effect on house prices in TV becuase of the people who live here but work outside the county.

I recently read an article in the OC Register about a CSUF projection of 20,000 jobs being lost in OC in 2009.

But “…As bleak as CSUF’s forecast was it was rosier than one released by the Los Angeles Economic Development Corp. forecast in February. The LAEDC’s forecast predicted Orange County would lose 43,200 jobs this year with employment continuing to drop in 2010, but at a slower pace.”

http://www.ocregister.com/articles/forecast-county-orange-2373020-percent-year

43,200 jobs lost in OC may not make a large ripple out here in TV but it will still reach us.

On another note, my teenage daughter went into the Buckles store at the Promenade mall for an interview. While she was there about 10-15 other women (middle age) came to interview for the same job. Although that’s just a snaphot in time it is a data point nevertheless. Middle age women, competing with teenagers for jobs in Temecula – just another data point.

[HarryBosch]

Someone (Bob?) mentioned earlier that TV prices won’t stop falling until No.San Diego stops falling. I tend to agree with that perspective.

I’ve got neighbors who live here in TV but work in OC.

Economically, TV is sandwiched between OC and SD. Job losses in OC and SD exert downward pressure on houses in those geos but they also have an indirect effect on house prices in TV becuase of the people who live here but work outside the county.

I recently read an article in the OC Register about a CSUF projection of 20,000 jobs being lost in OC in 2009.

But “…As bleak as CSUF’s forecast was it was rosier than one released by the Los Angeles Economic Development Corp. forecast in February. The LAEDC’s forecast predicted Orange County would lose 43,200 jobs this year with employment continuing to drop in 2010, but at a slower pace.”

http://www.ocregister.com/articles/forecast-county-orange-2373020-percent-year

43,200 jobs lost in OC may not make a large ripple out here in TV but it will still reach us.

On another note, my teenage daughter went into the Buckles store at the Promenade mall for an interview. While she was there about 10-15 other women (middle age) came to interview for the same job. Although that’s just a snaphot in time it is a data point nevertheless. Middle age women, competing with teenagers for jobs in Temecula – just another data point.

[HarryBosch]

Someone (Bob?) mentioned earlier that TV prices won’t stop falling until No.San Diego stops falling. I tend to agree with that perspective.

I’ve got neighbors who live here in TV but work in OC.

Economically, TV is sandwiched between OC and SD. Job losses in OC and SD exert downward pressure on houses in those geos but they also have an indirect effect on house prices in TV becuase of the people who live here but work outside the county.

I recently read an article in the OC Register about a CSUF projection of 20,000 jobs being lost in OC in 2009.

But “…As bleak as CSUF’s forecast was it was rosier than one released by the Los Angeles Economic Development Corp. forecast in February. The LAEDC’s forecast predicted Orange County would lose 43,200 jobs this year with employment continuing to drop in 2010, but at a slower pace.”

http://www.ocregister.com/articles/forecast-county-orange-2373020-percent-year

43,200 jobs lost in OC may not make a large ripple out here in TV but it will still reach us.

On another note, my teenage daughter went into the Buckles store at the Promenade mall for an interview. While she was there about 10-15 other women (middle age) came to interview for the same job. Although that’s just a snaphot in time it is a data point nevertheless. Middle age women, competing with teenagers for jobs in Temecula – just another data point.

[sdrealtor]

So did she get the job?

[sdrealtor]

So did she get the job?

[sdrealtor]

So did she get the job?

[sdrealtor]

So did she get the job?

[sdrealtor]

So did she get the job?

[HarryBosch]

Nope.

Something else I saw recently that shows to me we are still in for some bad times ahead is what I saw at a street corner recently.

I was heading toward the I15 freeway on 79 South and at the intersection, maybe the second intersection, before you get to the onramp, I saw a gentleman, maybe in his early 40s, late 30s, in suit and tie, I think balding if I remember correctly, standing there at 6:45-7am in the morning holding a sign that said something like, “Lost my job. Lots of Marketing experience.” and then a phone number at the bottom.

Did anyone else see this?

[HarryBosch]

Nope.

Something else I saw recently that shows to me we are still in for some bad times ahead is what I saw at a street corner recently.

I was heading toward the I15 freeway on 79 South and at the intersection, maybe the second intersection, before you get to the onramp, I saw a gentleman, maybe in his early 40s, late 30s, in suit and tie, I think balding if I remember correctly, standing there at 6:45-7am in the morning holding a sign that said something like, “Lost my job. Lots of Marketing experience.” and then a phone number at the bottom.

Did anyone else see this?

[HarryBosch]

Nope.

Something else I saw recently that shows to me we are still in for some bad times ahead is what I saw at a street corner recently.

I was heading toward the I15 freeway on 79 South and at the intersection, maybe the second intersection, before you get to the onramp, I saw a gentleman, maybe in his early 40s, late 30s, in suit and tie, I think balding if I remember correctly, standing there at 6:45-7am in the morning holding a sign that said something like, “Lost my job. Lots of Marketing experience.” and then a phone number at the bottom.

Did anyone else see this?

[HarryBosch]

Nope.

Something else I saw recently that shows to me we are still in for some bad times ahead is what I saw at a street corner recently.

I was heading toward the I15 freeway on 79 South and at the intersection, maybe the second intersection, before you get to the onramp, I saw a gentleman, maybe in his early 40s, late 30s, in suit and tie, I think balding if I remember correctly, standing there at 6:45-7am in the morning holding a sign that said something like, “Lost my job. Lots of Marketing experience.” and then a phone number at the bottom.

Did anyone else see this?

[Author]

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