Domusemptorophobia

[jpinpb]

treehugger – did you buy in Temecula also?

I will be honest and say that I’m not an expert in Temecula, but 50% from peak seems like a significant drop. Haven’t seen that in desireable areas of San Diego. I just can’t imagine that Temecula would lose very much more. It’s possible, but from what I understood, Temecula hit bottom. Will prices go up in Temecula? Without knowing the area well, I would think it would just bounce along the bottom for a while.

scaredy – hang in there. Take up gardening in your new house. That’ll give you some peace of mind. Grow some organic veggies you can eat. It’ll work out.

[sdrealtor]

I’m not an expert either but Temecula has got to be pretty close to bottom. I have a property undergoing short sale approval right now. Its about 200K for a nice 3/2 2 car 1300 sq ft 1 story with a nice pool/spa in a good low fee area of Temecula. Even if you assumed that you financed 100% (I know you cant but use this as an example) the monthly PITI would be $1300 which is at least on par with rental costs. Throw in a tax benefit, fixed housing costs for life and a downpayment lowering the mortgage amount and “It’s a great time to buy in Temecula”

[sdrealtor]

I’m not an expert either but Temecula has got to be pretty close to bottom. I have a property undergoing short sale approval right now. Its about 200K for a nice 3/2 2 car 1300 sq ft 1 story with a nice pool/spa in a good low fee area of Temecula. Even if you assumed that you financed 100% (I know you cant but use this as an example) the monthly PITI would be $1300 which is at least on par with rental costs. Throw in a tax benefit, fixed housing costs for life and a downpayment lowering the mortgage amount and “It’s a great time to buy in Temecula”

[sdrealtor]

I’m not an expert either but Temecula has got to be pretty close to bottom. I have a property undergoing short sale approval right now. Its about 200K for a nice 3/2 2 car 1300 sq ft 1 story with a nice pool/spa in a good low fee area of Temecula. Even if you assumed that you financed 100% (I know you cant but use this as an example) the monthly PITI would be $1300 which is at least on par with rental costs. Throw in a tax benefit, fixed housing costs for life and a downpayment lowering the mortgage amount and “It’s a great time to buy in Temecula”

[sdrealtor]

I’m not an expert either but Temecula has got to be pretty close to bottom. I have a property undergoing short sale approval right now. Its about 200K for a nice 3/2 2 car 1300 sq ft 1 story with a nice pool/spa in a good low fee area of Temecula. Even if you assumed that you financed 100% (I know you cant but use this as an example) the monthly PITI would be $1300 which is at least on par with rental costs. Throw in a tax benefit, fixed housing costs for life and a downpayment lowering the mortgage amount and “It’s a great time to buy in Temecula”

[sdrealtor]

I’m not an expert either but Temecula has got to be pretty close to bottom. I have a property undergoing short sale approval right now. Its about 200K for a nice 3/2 2 car 1300 sq ft 1 story with a nice pool/spa in a good low fee area of Temecula. Even if you assumed that you financed 100% (I know you cant but use this as an example) the monthly PITI would be $1300 which is at least on par with rental costs. Throw in a tax benefit, fixed housing costs for life and a downpayment lowering the mortgage amount and “It’s a great time to buy in Temecula”

[scaredyclassic]

Anyone who buys a house with a fiancé is more optimistic than me. I didn’t really start to trust her until about ten years in.

[scaredyclassic]

Anyone who buys a house with a fiancé is more optimistic than me. I didn’t really start to trust her until about ten years in.

[scaredyclassic]

Anyone who buys a house with a fiancé is more optimistic than me. I didn’t really start to trust her until about ten years in.

[scaredyclassic]

Anyone who buys a house with a fiancé is more optimistic than me. I didn’t really start to trust her until about ten years in.

[scaredyclassic]

Anyone who buys a house with a fiancé is more optimistic than me. I didn’t really start to trust her until about ten years in.

[patientrenter]

scaredy,

You and I share some traits. I’ll give some examples. I have been to counseling for my spending, at my then girlfriend’s urging. I could feel myself being pushed to agree to spend more – by buying a house – and I angrily rejected the whole counseling project.

I hate spending large amounts. When I do, I research it for a long time to get the best quality item at a good deal. I have been looking at property since 1975. I have looked for the right reclining chair at the right price since before 1990. I bought my first audio equipment in the 1990’s, after postponing my first purchase in the 1970’s because a friend had told me about the research being done into CD technology that would make cassette tapes obsolete. The list goes on and on.. and on.

After many decades, how do I manage? I budget for big purchases at levels I know are very reasonable, and then I don’t mind spending the money. For example, my budget for a home is 10% of my net worth. I can live with that, even if the market value of the home plunges to zero. I budget for my car by setting aside 1% of my annual net income, and buy a new one every 10 years with the savings that build up.

This way, I cater to my need for caution, but I do actually buy things (eventually).

Best of luck. Keep us updated.

[patientrenter]

scaredy,

You and I share some traits. I’ll give some examples. I have been to counseling for my spending, at my then girlfriend’s urging. I could feel myself being pushed to agree to spend more – by buying a house – and I angrily rejected the whole counseling project.

I hate spending large amounts. When I do, I research it for a long time to get the best quality item at a good deal. I have been looking at property since 1975. I have looked for the right reclining chair at the right price since before 1990. I bought my first audio equipment in the 1990’s, after postponing my first purchase in the 1970’s because a friend had told me about the research being done into CD technology that would make cassette tapes obsolete. The list goes on and on.. and on.

After many decades, how do I manage? I budget for big purchases at levels I know are very reasonable, and then I don’t mind spending the money. For example, my budget for a home is 10% of my net worth. I can live with that, even if the market value of the home plunges to zero. I budget for my car by setting aside 1% of my annual net income, and buy a new one every 10 years with the savings that build up.

This way, I cater to my need for caution, but I do actually buy things (eventually).

Best of luck. Keep us updated.

[patientrenter]

scaredy,

You and I share some traits. I’ll give some examples. I have been to counseling for my spending, at my then girlfriend’s urging. I could feel myself being pushed to agree to spend more – by buying a house – and I angrily rejected the whole counseling project.

I hate spending large amounts. When I do, I research it for a long time to get the best quality item at a good deal. I have been looking at property since 1975. I have looked for the right reclining chair at the right price since before 1990. I bought my first audio equipment in the 1990’s, after postponing my first purchase in the 1970’s because a friend had told me about the research being done into CD technology that would make cassette tapes obsolete. The list goes on and on.. and on.

After many decades, how do I manage? I budget for big purchases at levels I know are very reasonable, and then I don’t mind spending the money. For example, my budget for a home is 10% of my net worth. I can live with that, even if the market value of the home plunges to zero. I budget for my car by setting aside 1% of my annual net income, and buy a new one every 10 years with the savings that build up.

This way, I cater to my need for caution, but I do actually buy things (eventually).

Best of luck. Keep us updated.

[patientrenter]

scaredy,

You and I share some traits. I’ll give some examples. I have been to counseling for my spending, at my then girlfriend’s urging. I could feel myself being pushed to agree to spend more – by buying a house – and I angrily rejected the whole counseling project.

I hate spending large amounts. When I do, I research it for a long time to get the best quality item at a good deal. I have been looking at property since 1975. I have looked for the right reclining chair at the right price since before 1990. I bought my first audio equipment in the 1990’s, after postponing my first purchase in the 1970’s because a friend had told me about the research being done into CD technology that would make cassette tapes obsolete. The list goes on and on.. and on.

After many decades, how do I manage? I budget for big purchases at levels I know are very reasonable, and then I don’t mind spending the money. For example, my budget for a home is 10% of my net worth. I can live with that, even if the market value of the home plunges to zero. I budget for my car by setting aside 1% of my annual net income, and buy a new one every 10 years with the savings that build up.

This way, I cater to my need for caution, but I do actually buy things (eventually).

Best of luck. Keep us updated.

[Author]

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