Business data point in Temecula

[Bob]

[quote=temeculaguy] So many factors can have an effect, I think inflation is something that gets very little play these days but I don’t see how it is avoided in the next few years. I also don’t think the gov’t will fight it since it will help solve both the housing crisis and the debt issues.[/quote]

Very little play ?…..Did you read my posts ? Inflation will have EVERYTHING to do with the slow recovery…As I stated earlier, the Feds are keeping rates artificially low by purchasing US treasuries…but they can’t do that forever because if they do, hyperinflation will hit with a vengeance. As it is, the money already spent will create significant inflation in the not too distant future, and the end result will be higher interest rates. In fact, while they might not admit it publically, the Feds are trying to CREATE inflation to solve the huge debt problem that runaway spending has caused.

On a side note, the next bubble to burst could very well be the bond market. How the Federal Reserve reacts in the next six to nine months will go a long way in determining what mortgage rates/housing market will look like in 2010, 2011, and beyond.

[ralphfurley]

From Mr. Mortgage:

House Prices Are Bottoming — But for the Wrong Reasons

Present values of properties at the notice-of-default stage are clearly rising due to the shift in the mix of loans/properties going into default from lower to higher. This ‘mix-shift’ effect may push up median house prices in 2009 creating the appearance that the market is improving when in reality it is because more higher-value properties are defaulting, being foreclosed upon and reselling through the Realtor network.

—————-

This may not apply to Morgan Hill or certain micro-markets, but it is definitely something to keep in mind when bottom-calling.

[ralphfurley]

From Mr. Mortgage:

House Prices Are Bottoming — But for the Wrong Reasons

Present values of properties at the notice-of-default stage are clearly rising due to the shift in the mix of loans/properties going into default from lower to higher. This ‘mix-shift’ effect may push up median house prices in 2009 creating the appearance that the market is improving when in reality it is because more higher-value properties are defaulting, being foreclosed upon and reselling through the Realtor network.

—————-

This may not apply to Morgan Hill or certain micro-markets, but it is definitely something to keep in mind when bottom-calling.

[ralphfurley]

From Mr. Mortgage:

House Prices Are Bottoming — But for the Wrong Reasons

Present values of properties at the notice-of-default stage are clearly rising due to the shift in the mix of loans/properties going into default from lower to higher. This ‘mix-shift’ effect may push up median house prices in 2009 creating the appearance that the market is improving when in reality it is because more higher-value properties are defaulting, being foreclosed upon and reselling through the Realtor network.

—————-

This may not apply to Morgan Hill or certain micro-markets, but it is definitely something to keep in mind when bottom-calling.

[ralphfurley]

From Mr. Mortgage:

House Prices Are Bottoming — But for the Wrong Reasons

Present values of properties at the notice-of-default stage are clearly rising due to the shift in the mix of loans/properties going into default from lower to higher. This ‘mix-shift’ effect may push up median house prices in 2009 creating the appearance that the market is improving when in reality it is because more higher-value properties are defaulting, being foreclosed upon and reselling through the Realtor network.

—————-

This may not apply to Morgan Hill or certain micro-markets, but it is definitely something to keep in mind when bottom-calling.

[ralphfurley]

From Mr. Mortgage:

House Prices Are Bottoming — But for the Wrong Reasons

Present values of properties at the notice-of-default stage are clearly rising due to the shift in the mix of loans/properties going into default from lower to higher. This ‘mix-shift’ effect may push up median house prices in 2009 creating the appearance that the market is improving when in reality it is because more higher-value properties are defaulting, being foreclosed upon and reselling through the Realtor network.

—————-

This may not apply to Morgan Hill or certain micro-markets, but it is definitely something to keep in mind when bottom-calling.

[Nor-LA-SD-guy]

[quote=temeculaguy] There are no more orange groves to mow down, south is indian land/forest, east is county and 5 acre zoned, nothing left in the north of the city.
[/quote]

Temecula is going to need that space if it wants to grow (next to the I15 anyway).

You need space to build industry and the homes for the people to work in them.

I think you guy’s left out that the city (and surrounds) population is still growing very fast and will only grow faster in the future.

This is not 1991 .

But OK we will see.

[Nor-LA-SD-guy]

[quote=temeculaguy] There are no more orange groves to mow down, south is indian land/forest, east is county and 5 acre zoned, nothing left in the north of the city.
[/quote]

Temecula is going to need that space if it wants to grow (next to the I15 anyway).

You need space to build industry and the homes for the people to work in them.

I think you guy’s left out that the city (and surrounds) population is still growing very fast and will only grow faster in the future.

This is not 1991 .

But OK we will see.

[Nor-LA-SD-guy]

[quote=temeculaguy] There are no more orange groves to mow down, south is indian land/forest, east is county and 5 acre zoned, nothing left in the north of the city.
[/quote]

Temecula is going to need that space if it wants to grow (next to the I15 anyway).

You need space to build industry and the homes for the people to work in them.

I think you guy’s left out that the city (and surrounds) population is still growing very fast and will only grow faster in the future.

This is not 1991 .

But OK we will see.

[Nor-LA-SD-guy]

[quote=temeculaguy] There are no more orange groves to mow down, south is indian land/forest, east is county and 5 acre zoned, nothing left in the north of the city.
[/quote]

Temecula is going to need that space if it wants to grow (next to the I15 anyway).

You need space to build industry and the homes for the people to work in them.

I think you guy’s left out that the city (and surrounds) population is still growing very fast and will only grow faster in the future.

This is not 1991 .

But OK we will see.

[Nor-LA-SD-guy]

[quote=temeculaguy] There are no more orange groves to mow down, south is indian land/forest, east is county and 5 acre zoned, nothing left in the north of the city.
[/quote]

Temecula is going to need that space if it wants to grow (next to the I15 anyway).

You need space to build industry and the homes for the people to work in them.

I think you guy’s left out that the city (and surrounds) population is still growing very fast and will only grow faster in the future.

This is not 1991 .

But OK we will see.

[eclipxe]

[quote=Nor-LA-SD-guy][quote=temeculaguy] There are no more orange groves to mow down, south is indian land/forest, east is county and 5 acre zoned, nothing left in the north of the city.
[/quote]

Temecula is going to need that space if it wants to grow (next to the I15 anyway).

You need space to build industry and the homes for the people to work in them.

I think you guy’s left out that the city (and surrounds) population is still growing very fast and will only grow faster in the future.

This is not 1991 .

But OK we will see.

[/quote]

The corridor along the 15 (Jefferson mainly) is being rezoned and replanned for the next 20 years. We can expect a lot of the crappy vintage 1970/1980 shopping plazas to eventually become higher density office space and one day…housing.

Once you can’t grow out, you grow up. I can’t wait.

[eclipxe]

[quote=Nor-LA-SD-guy][quote=temeculaguy] There are no more orange groves to mow down, south is indian land/forest, east is county and 5 acre zoned, nothing left in the north of the city.
[/quote]

Temecula is going to need that space if it wants to grow (next to the I15 anyway).

You need space to build industry and the homes for the people to work in them.

I think you guy’s left out that the city (and surrounds) population is still growing very fast and will only grow faster in the future.

This is not 1991 .

But OK we will see.

[/quote]

The corridor along the 15 (Jefferson mainly) is being rezoned and replanned for the next 20 years. We can expect a lot of the crappy vintage 1970/1980 shopping plazas to eventually become higher density office space and one day…housing.

Once you can’t grow out, you grow up. I can’t wait.

[eclipxe]

[quote=Nor-LA-SD-guy][quote=temeculaguy] There are no more orange groves to mow down, south is indian land/forest, east is county and 5 acre zoned, nothing left in the north of the city.
[/quote]

Temecula is going to need that space if it wants to grow (next to the I15 anyway).

You need space to build industry and the homes for the people to work in them.

I think you guy’s left out that the city (and surrounds) population is still growing very fast and will only grow faster in the future.

This is not 1991 .

But OK we will see.

[/quote]

The corridor along the 15 (Jefferson mainly) is being rezoned and replanned for the next 20 years. We can expect a lot of the crappy vintage 1970/1980 shopping plazas to eventually become higher density office space and one day…housing.

Once you can’t grow out, you grow up. I can’t wait.

[eclipxe]

[quote=Nor-LA-SD-guy][quote=temeculaguy] There are no more orange groves to mow down, south is indian land/forest, east is county and 5 acre zoned, nothing left in the north of the city.
[/quote]

Temecula is going to need that space if it wants to grow (next to the I15 anyway).

You need space to build industry and the homes for the people to work in them.

I think you guy’s left out that the city (and surrounds) population is still growing very fast and will only grow faster in the future.

This is not 1991 .

But OK we will see.

[/quote]

The corridor along the 15 (Jefferson mainly) is being rezoned and replanned for the next 20 years. We can expect a lot of the crappy vintage 1970/1980 shopping plazas to eventually become higher density office space and one day…housing.

Once you can’t grow out, you grow up. I can’t wait.

[Author]

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