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  • August 20, 2007 at 9:22 PM #78701
    kewp
    Participant

    There are some comparisons to be made, for sure, but I think there is just enough difference to keep us from having a repeat of the dustbowl and hoover-villes.

    Primarily, that due to technology/communication (this blog is a great example) the mania/meltdown has been muted somewhat. I think the prime mover of Depression 1.0 was that things bubbled up to a greater critical mass before imploding. Plus, there was a huge stock market bubble built entirely on froth. RE should retain some fundamental value (or at least, I hope it does!).

    Secondly, again due to technology, we enjoy a much higher quality of life in general than our fore-fathers did. So even if we have to do without the bling-bling, nobody is going to starve. Heck, we could use a nationwide diet anyway.

    Finally, due to all the overbuilding, we’ll have plenty of shelter for all the unemployed human RE detritus. The government could probably buy up all of Temecula for 10 cents on the dollar after the market collapses and turn it into a giant work camp.

    We could store former agents/brokers 4-5 to a room and have them make sneakers to sell to the future spoiled Chinese teenagers!

    August 20, 2007 at 9:37 PM #78715
    bsrsharma
    Participant

    buy up all of Temecula for 10 cents…

    Now, that is a good deal!

    Why pick on Temecula kewp? 

    August 20, 2007 at 9:37 PM #78566
    bsrsharma
    Participant

    buy up all of Temecula for 10 cents…

    Now, that is a good deal!

    Why pick on Temecula kewp? 

    August 20, 2007 at 9:37 PM #78694
    bsrsharma
    Participant

    buy up all of Temecula for 10 cents…

    Now, that is a good deal!

    Why pick on Temecula kewp? 

    August 20, 2007 at 9:47 PM #78575
    kewp
    Participant

    Why pick on Temecula kewp?

    There is nothing out there but RE and retail (plus the occasional winery), so if we do have a depression the housing market is likely to become insolvent there. Kinda like Detroit is now.

    Its not just Temecula either, pretty much the entire IE is vulnerable to this effect. Receding retail and real estate markets combined with soaring gas prices are going to hit all the bedroom communities hard.

    August 20, 2007 at 9:47 PM #78724
    kewp
    Participant

    Why pick on Temecula kewp?

    There is nothing out there but RE and retail (plus the occasional winery), so if we do have a depression the housing market is likely to become insolvent there. Kinda like Detroit is now.

    Its not just Temecula either, pretty much the entire IE is vulnerable to this effect. Receding retail and real estate markets combined with soaring gas prices are going to hit all the bedroom communities hard.

    August 20, 2007 at 9:47 PM #78703
    kewp
    Participant

    Why pick on Temecula kewp?

    There is nothing out there but RE and retail (plus the occasional winery), so if we do have a depression the housing market is likely to become insolvent there. Kinda like Detroit is now.

    Its not just Temecula either, pretty much the entire IE is vulnerable to this effect. Receding retail and real estate markets combined with soaring gas prices are going to hit all the bedroom communities hard.

    August 20, 2007 at 9:54 PM #78586
    Allan from Fallbrook
    Participant

    kewp: I’d love to see Temecula (and Murrieta) empty out! I have to face their stinkin’ Pop Warner teams (all 200 of ’em, or so it seems!) every flippin’ football season and would be thrilled if it crashed and burned and everybody there had to move.

    Course, I doubt I’ll be that lucky.

    August 20, 2007 at 9:54 PM #78716
    Allan from Fallbrook
    Participant

    kewp: I’d love to see Temecula (and Murrieta) empty out! I have to face their stinkin’ Pop Warner teams (all 200 of ’em, or so it seems!) every flippin’ football season and would be thrilled if it crashed and burned and everybody there had to move.

    Course, I doubt I’ll be that lucky.

    August 20, 2007 at 9:54 PM #78737
    Allan from Fallbrook
    Participant

    kewp: I’d love to see Temecula (and Murrieta) empty out! I have to face their stinkin’ Pop Warner teams (all 200 of ’em, or so it seems!) every flippin’ football season and would be thrilled if it crashed and burned and everybody there had to move.

    Course, I doubt I’ll be that lucky.

    August 21, 2007 at 6:08 AM #78666
    mydogsarelazy
    Participant

    Hi Allan,

    I just got back from losing my shirt at Pechanga and my monster truck is parked next to my trophy wife’s Denali. I am sitting here in my 4,000 sq. ft Lennar home wondering why everyone on this board hates Temecula. Could you be jealous of our real estate? Have to admit it, the granite counters and Italian terazzo tile in the kitchen look pretty great in the morning light.

    Don’t have much time to think about this, as I need to start my two hour commute to work.

    JS

    PS: Don’t worry, I have three daughters, so no Pop Warner threats in this massive stucco mcmansion.

    August 21, 2007 at 6:08 AM #78797
    mydogsarelazy
    Participant

    Hi Allan,

    I just got back from losing my shirt at Pechanga and my monster truck is parked next to my trophy wife’s Denali. I am sitting here in my 4,000 sq. ft Lennar home wondering why everyone on this board hates Temecula. Could you be jealous of our real estate? Have to admit it, the granite counters and Italian terazzo tile in the kitchen look pretty great in the morning light.

    Don’t have much time to think about this, as I need to start my two hour commute to work.

    JS

    PS: Don’t worry, I have three daughters, so no Pop Warner threats in this massive stucco mcmansion.

    August 21, 2007 at 6:08 AM #78818
    mydogsarelazy
    Participant

    Hi Allan,

    I just got back from losing my shirt at Pechanga and my monster truck is parked next to my trophy wife’s Denali. I am sitting here in my 4,000 sq. ft Lennar home wondering why everyone on this board hates Temecula. Could you be jealous of our real estate? Have to admit it, the granite counters and Italian terazzo tile in the kitchen look pretty great in the morning light.

    Don’t have much time to think about this, as I need to start my two hour commute to work.

    JS

    PS: Don’t worry, I have three daughters, so no Pop Warner threats in this massive stucco mcmansion.

    August 21, 2007 at 6:58 AM #78669
    JES
    Participant

    Went to Murietta in 2000 to look for a house and ended up west of the interstate in the older area of town. Walked up to a home for sale, but turned around when I saw the owner sitting on a lawn chair with a handgun aimed towards the street. Decided to live in San Marcos instead…

    August 21, 2007 at 6:58 AM #78799
    JES
    Participant

    Went to Murietta in 2000 to look for a house and ended up west of the interstate in the older area of town. Walked up to a home for sale, but turned around when I saw the owner sitting on a lawn chair with a handgun aimed towards the street. Decided to live in San Marcos instead…

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