Business data point in Temecula

[Aecetia]

You are always hard on Harry with these type issues. You are both entitled to your own opinion. My son recently drove to Temecula and he thought it was beautiful, but it was a very long drive. It is all about perspective.

[HarryBosch]

Well, like I said it’s just a couple data points. I’ll let TG plot the curve 🙂

FYI TG – it was Tony Tobin Elementary in the heart of Morgan Hill and it was the first time that most of the parents and teachers had seen a spanish speaking interpreter at their school during an awards assembly. Apparently as the principal spoke he would be followed by the interpreter to accomodate the newer audience. We dont know of too many high-paying non-english speaking jobs in the area for the newer members of Tony Tobin elementary to afford the higher priced houses (since there are no apartments nearby) so the conclusion (a guess at best) is that multiple families must be pooling their resources – and their living space – to afford and live in the Morgan Hill area.

[HarryBosch]

Well, like I said it’s just a couple data points. I’ll let TG plot the curve 🙂

FYI TG – it was Tony Tobin Elementary in the heart of Morgan Hill and it was the first time that most of the parents and teachers had seen a spanish speaking interpreter at their school during an awards assembly. Apparently as the principal spoke he would be followed by the interpreter to accomodate the newer audience. We dont know of too many high-paying non-english speaking jobs in the area for the newer members of Tony Tobin elementary to afford the higher priced houses (since there are no apartments nearby) so the conclusion (a guess at best) is that multiple families must be pooling their resources – and their living space – to afford and live in the Morgan Hill area.

[HarryBosch]

Well, like I said it’s just a couple data points. I’ll let TG plot the curve 🙂

FYI TG – it was Tony Tobin Elementary in the heart of Morgan Hill and it was the first time that most of the parents and teachers had seen a spanish speaking interpreter at their school during an awards assembly. Apparently as the principal spoke he would be followed by the interpreter to accomodate the newer audience. We dont know of too many high-paying non-english speaking jobs in the area for the newer members of Tony Tobin elementary to afford the higher priced houses (since there are no apartments nearby) so the conclusion (a guess at best) is that multiple families must be pooling their resources – and their living space – to afford and live in the Morgan Hill area.

[HarryBosch]

Well, like I said it’s just a couple data points. I’ll let TG plot the curve 🙂

FYI TG – it was Tony Tobin Elementary in the heart of Morgan Hill and it was the first time that most of the parents and teachers had seen a spanish speaking interpreter at their school during an awards assembly. Apparently as the principal spoke he would be followed by the interpreter to accomodate the newer audience. We dont know of too many high-paying non-english speaking jobs in the area for the newer members of Tony Tobin elementary to afford the higher priced houses (since there are no apartments nearby) so the conclusion (a guess at best) is that multiple families must be pooling their resources – and their living space – to afford and live in the Morgan Hill area.

[HarryBosch]

Well, like I said it’s just a couple data points. I’ll let TG plot the curve 🙂

FYI TG – it was Tony Tobin Elementary in the heart of Morgan Hill and it was the first time that most of the parents and teachers had seen a spanish speaking interpreter at their school during an awards assembly. Apparently as the principal spoke he would be followed by the interpreter to accomodate the newer audience. We dont know of too many high-paying non-english speaking jobs in the area for the newer members of Tony Tobin elementary to afford the higher priced houses (since there are no apartments nearby) so the conclusion (a guess at best) is that multiple families must be pooling their resources – and their living space – to afford and live in the Morgan Hill area.

[Allan from Fallbrook]

[quote=pri_dk]Allan, do you think Fallbrook is getting hit hard because a lot of families are small business owners (many in real-estate related businesses)?

Almost every mortgage broker I know lives around there…[/quote]

Pri_dk: Yup. A lot of folks are either in construction (or construction related) or FIRE (finance, insurance, real estate). These were the same folks that were throwing money around in the boom like there was no tomorrow. Almost of all the small boutiques on Main Street are getting hammered and several have gone out of business and the restaurants are in the same boat. Amongst the kids playing youth football, I’ve gotten more inquiries about the availability of scholarship funds, and these inquiries are coming from the people that you’d least expect to ask.

One of the other telling signs, at least to me, is the number of people that pay for their groceries with credit cards. I’ve had others dismiss this as a telling sign, offering the retort that using a credit card for groceries is more convenient, but I don’t buy it. I think it shows financial strain and lack of cash flow.

Last thing. We were in the Costco in Temecula for our monthly run and my wife wrote a check for the tab (we spend about $600/mo there). The cashier had to get a manager’s override on the check. I said that I hadn’t seen them do this before and the cashier replied that, because so many people had been bouncing checks there recently, Costco lowered the override amount from $1,000 to $300. Needless to say, I found that very interesting.

[Allan from Fallbrook]

[quote=pri_dk]Allan, do you think Fallbrook is getting hit hard because a lot of families are small business owners (many in real-estate related businesses)?

Almost every mortgage broker I know lives around there…[/quote]

Pri_dk: Yup. A lot of folks are either in construction (or construction related) or FIRE (finance, insurance, real estate). These were the same folks that were throwing money around in the boom like there was no tomorrow. Almost of all the small boutiques on Main Street are getting hammered and several have gone out of business and the restaurants are in the same boat. Amongst the kids playing youth football, I’ve gotten more inquiries about the availability of scholarship funds, and these inquiries are coming from the people that you’d least expect to ask.

One of the other telling signs, at least to me, is the number of people that pay for their groceries with credit cards. I’ve had others dismiss this as a telling sign, offering the retort that using a credit card for groceries is more convenient, but I don’t buy it. I think it shows financial strain and lack of cash flow.

Last thing. We were in the Costco in Temecula for our monthly run and my wife wrote a check for the tab (we spend about $600/mo there). The cashier had to get a manager’s override on the check. I said that I hadn’t seen them do this before and the cashier replied that, because so many people had been bouncing checks there recently, Costco lowered the override amount from $1,000 to $300. Needless to say, I found that very interesting.

[Allan from Fallbrook]

[quote=pri_dk]Allan, do you think Fallbrook is getting hit hard because a lot of families are small business owners (many in real-estate related businesses)?

Almost every mortgage broker I know lives around there…[/quote]

Pri_dk: Yup. A lot of folks are either in construction (or construction related) or FIRE (finance, insurance, real estate). These were the same folks that were throwing money around in the boom like there was no tomorrow. Almost of all the small boutiques on Main Street are getting hammered and several have gone out of business and the restaurants are in the same boat. Amongst the kids playing youth football, I’ve gotten more inquiries about the availability of scholarship funds, and these inquiries are coming from the people that you’d least expect to ask.

One of the other telling signs, at least to me, is the number of people that pay for their groceries with credit cards. I’ve had others dismiss this as a telling sign, offering the retort that using a credit card for groceries is more convenient, but I don’t buy it. I think it shows financial strain and lack of cash flow.

Last thing. We were in the Costco in Temecula for our monthly run and my wife wrote a check for the tab (we spend about $600/mo there). The cashier had to get a manager’s override on the check. I said that I hadn’t seen them do this before and the cashier replied that, because so many people had been bouncing checks there recently, Costco lowered the override amount from $1,000 to $300. Needless to say, I found that very interesting.

[Allan from Fallbrook]

[quote=pri_dk]Allan, do you think Fallbrook is getting hit hard because a lot of families are small business owners (many in real-estate related businesses)?

Almost every mortgage broker I know lives around there…[/quote]

Pri_dk: Yup. A lot of folks are either in construction (or construction related) or FIRE (finance, insurance, real estate). These were the same folks that were throwing money around in the boom like there was no tomorrow. Almost of all the small boutiques on Main Street are getting hammered and several have gone out of business and the restaurants are in the same boat. Amongst the kids playing youth football, I’ve gotten more inquiries about the availability of scholarship funds, and these inquiries are coming from the people that you’d least expect to ask.

One of the other telling signs, at least to me, is the number of people that pay for their groceries with credit cards. I’ve had others dismiss this as a telling sign, offering the retort that using a credit card for groceries is more convenient, but I don’t buy it. I think it shows financial strain and lack of cash flow.

Last thing. We were in the Costco in Temecula for our monthly run and my wife wrote a check for the tab (we spend about $600/mo there). The cashier had to get a manager’s override on the check. I said that I hadn’t seen them do this before and the cashier replied that, because so many people had been bouncing checks there recently, Costco lowered the override amount from $1,000 to $300. Needless to say, I found that very interesting.

[Allan from Fallbrook]

[quote=pri_dk]Allan, do you think Fallbrook is getting hit hard because a lot of families are small business owners (many in real-estate related businesses)?

Almost every mortgage broker I know lives around there…[/quote]

Pri_dk: Yup. A lot of folks are either in construction (or construction related) or FIRE (finance, insurance, real estate). These were the same folks that were throwing money around in the boom like there was no tomorrow. Almost of all the small boutiques on Main Street are getting hammered and several have gone out of business and the restaurants are in the same boat. Amongst the kids playing youth football, I’ve gotten more inquiries about the availability of scholarship funds, and these inquiries are coming from the people that you’d least expect to ask.

One of the other telling signs, at least to me, is the number of people that pay for their groceries with credit cards. I’ve had others dismiss this as a telling sign, offering the retort that using a credit card for groceries is more convenient, but I don’t buy it. I think it shows financial strain and lack of cash flow.

Last thing. We were in the Costco in Temecula for our monthly run and my wife wrote a check for the tab (we spend about $600/mo there). The cashier had to get a manager’s override on the check. I said that I hadn’t seen them do this before and the cashier replied that, because so many people had been bouncing checks there recently, Costco lowered the override amount from $1,000 to $300. Needless to say, I found that very interesting.

[Nor-LA-SD-guy]

The real estate brokers and agents that deal with REO’s are so busy in Temecula they won’t even show you a listing, they say Please get you own agent to show it to you.

I would think the Insurance Guy’s and the escrow agents if they can hook up with the REO agents/brokers should be doing a lot of Biz as well.

The opportunities are out there, you just need to know where to look is my guess.

[Nor-LA-SD-guy]

The real estate brokers and agents that deal with REO’s are so busy in Temecula they won’t even show you a listing, they say Please get you own agent to show it to you.

I would think the Insurance Guy’s and the escrow agents if they can hook up with the REO agents/brokers should be doing a lot of Biz as well.

The opportunities are out there, you just need to know where to look is my guess.

[Nor-LA-SD-guy]

The real estate brokers and agents that deal with REO’s are so busy in Temecula they won’t even show you a listing, they say Please get you own agent to show it to you.

I would think the Insurance Guy’s and the escrow agents if they can hook up with the REO agents/brokers should be doing a lot of Biz as well.

The opportunities are out there, you just need to know where to look is my guess.

[Nor-LA-SD-guy]

The real estate brokers and agents that deal with REO’s are so busy in Temecula they won’t even show you a listing, they say Please get you own agent to show it to you.

I would think the Insurance Guy’s and the escrow agents if they can hook up with the REO agents/brokers should be doing a lot of Biz as well.

The opportunities are out there, you just need to know where to look is my guess.

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