Home › Forums › Housing › DR Horton Slashes prices $100k in Murrieta, Menifee, Wildomar and more in …
- This topic has 131 replies, 25 voices, and was last updated 16 years, 12 months ago by
23109VC.
-
AuthorPosts
-
May 16, 2007 at 1:14 PM #53043May 16, 2007 at 1:14 PM #53048
Rockemsock
Participant“Valencia has almost as much traffic commuting in for work as out these days. No longer the sleepy little town it used to be when I grew up.”
Kinda’ curious where you are getting this…I lived in SCV for 20 years and those that lived AND worked in the valley were definitely the exception rather than the rule. I can see where it might seem like this is true when you consider the traffic congestion throughout the entire valley…but that can be attributed to the fact that Newhall Land and Farm decided back in ’95 to install a traffic signal on EVERY corner of EVERY street (traffic deaths are bad for their image). It used to take 15 minutes to travel from Sand Canyon to Magic Mountain Pkwy…now it takes almost 30.
I’ve since moved to North County SD and will probably never go back…traffic and weather being my two main reasons. Although I do miss all the great restaurants (I have yet to find any decent Mexican or BBQ food in NC).
May 16, 2007 at 1:46 PM #53047The-Shoveler
ParticipantNor_LA-Temcu-SD-Guy
I would agree that NC SD is a better place to live,
As far as recent Job’s influx to SCV (Valencia), There was that big Biotech Lab that moved from Santa Monica, L.A. City learned their lesson from San Fernando and moved a bunch of jobs and built new facilities just off the I5 on the way over the hill, then there has been a big influx of Defense work and contractors in the last three years.
So yes, not a small town anymore.
And I drive that route several mornings a week, I can see the traffic (not as much going north as south yet but there are traffic Jams now days).
May 16, 2007 at 1:46 PM #53052ParticipantNor_LA-Temcu-SD-Guy
I would agree that NC SD is a better place to live,
As far as recent Job’s influx to SCV (Valencia), There was that big Biotech Lab that moved from Santa Monica, L.A. City learned their lesson from San Fernando and moved a bunch of jobs and built new facilities just off the I5 on the way over the hill, then there has been a big influx of Defense work and contractors in the last three years.
So yes, not a small town anymore.
And I drive that route several mornings a week, I can see the traffic (not as much going north as south yet but there are traffic Jams now days).
May 16, 2007 at 2:56 PM #5306023109VC
ParticipantI can address the commute issue..and there is NO indecisiveness on my part with respect to this issue.
I have lived 10 minutes from work, and lived 1.25 hours from work…. for 6 months I had a 1.25-1.5 hour commute EACH way. I transferred jobs, and was selling my house..and had to commute until the house sold… I will NEVER move and take on a longer commute if I can avoid it. I had to do it for a temporary work situation….but to move THAT far from work…and willingly take on a 2-3 hour “chunk” of my life being wasted every day…for a larger house is just stupid. I now once again live 10 min from home. I can go home at lunch to see my wife and kids. I get home before it’s dark outside and can see the kids, go for walks, and not be stuck in traffic.
life is short. wasting it behind the wheel in traffic…sucks.
now if I could only be so decisive about this housing thing… 🙂
I do need to learn more about RE. I never professed to know it all…in fact…I know very little. and have no problem admitting it. I have bought/sold ONE house. I lived in it…I’ve never owned an investment property. I’m a smart and educated guy, but never was much of a dollars/cents person. I came to piggington to learn more and educate myself. heck…what i read here is what got me to NOT buy when I first moved..and rent. which already saved me from losing a LOT of money. the house i now rent would have sold for close to $500k in 2005….now they are probably listing at more like $400k….with more drops in store i’m sure.
i am only 34. i have never lived through any of the other RE downcycles. my parents bought in the late 70s and never moved. they do recall pricing dropped in the late 80s…but b/c they had already built so much equity…whatever drop their was – was only paper losses to them. so i never grew up with stories of “when we were your age we bought this house then lost it all…” type of stuff. i have heard those stories however from friends/coworkers who are older and bought right before the last downturn.
makes you nervous. makes you thinkg that if in th elate 80s..prices in fact fell THAT much… why wouldn’t they do it now.
but there are so many variables at play…and i know so little about them…i jsut hear X from one person, Y rom another, and Z from the enxt person. and X, Y, and Z are all educatd sources.
prices ahve fallen a lot here. i can certainly say that I have noticed more houses for sale, and many o them you can tell are just sitting for sale..and sitting. the nouse across teh street was listed at $470k. then another one a few houses down listed at like $450 or so..then they dropped their price to $399k…. even at $399k it’s just sitting there. you would think someone would SNAP it up…but no one is. and it’s not trashed or anything..it’s one of the normal “granite” “upgraded cabinets”, upgraded flooring, etc etc.. houses up here. it’s VERY nice inside. brand new…priced to sell….but there it sits…still for sale… guess it’s not priced to sell after all….
May 16, 2007 at 2:56 PM #53067ParticipantI can address the commute issue..and there is NO indecisiveness on my part with respect to this issue.
I have lived 10 minutes from work, and lived 1.25 hours from work…. for 6 months I had a 1.25-1.5 hour commute EACH way. I transferred jobs, and was selling my house..and had to commute until the house sold… I will NEVER move and take on a longer commute if I can avoid it. I had to do it for a temporary work situation….but to move THAT far from work…and willingly take on a 2-3 hour “chunk” of my life being wasted every day…for a larger house is just stupid. I now once again live 10 min from home. I can go home at lunch to see my wife and kids. I get home before it’s dark outside and can see the kids, go for walks, and not be stuck in traffic.
life is short. wasting it behind the wheel in traffic…sucks.
now if I could only be so decisive about this housing thing… 🙂
I do need to learn more about RE. I never professed to know it all…in fact…I know very little. and have no problem admitting it. I have bought/sold ONE house. I lived in it…I’ve never owned an investment property. I’m a smart and educated guy, but never was much of a dollars/cents person. I came to piggington to learn more and educate myself. heck…what i read here is what got me to NOT buy when I first moved..and rent. which already saved me from losing a LOT of money. the house i now rent would have sold for close to $500k in 2005….now they are probably listing at more like $400k….with more drops in store i’m sure.
i am only 34. i have never lived through any of the other RE downcycles. my parents bought in the late 70s and never moved. they do recall pricing dropped in the late 80s…but b/c they had already built so much equity…whatever drop their was – was only paper losses to them. so i never grew up with stories of “when we were your age we bought this house then lost it all…” type of stuff. i have heard those stories however from friends/coworkers who are older and bought right before the last downturn.
makes you nervous. makes you thinkg that if in th elate 80s..prices in fact fell THAT much… why wouldn’t they do it now.
but there are so many variables at play…and i know so little about them…i jsut hear X from one person, Y rom another, and Z from the enxt person. and X, Y, and Z are all educatd sources.
prices ahve fallen a lot here. i can certainly say that I have noticed more houses for sale, and many o them you can tell are just sitting for sale..and sitting. the nouse across teh street was listed at $470k. then another one a few houses down listed at like $450 or so..then they dropped their price to $399k…. even at $399k it’s just sitting there. you would think someone would SNAP it up…but no one is. and it’s not trashed or anything..it’s one of the normal “granite” “upgraded cabinets”, upgraded flooring, etc etc.. houses up here. it’s VERY nice inside. brand new…priced to sell….but there it sits…still for sale… guess it’s not priced to sell after all….
May 16, 2007 at 4:01 PM #53066gn
Participant“but there are so many variables at play…and i know so little about them…i jsut hear X from one person, Y rom another, and Z from the enxt person. and X, Y, and Z are all educatd sources”
It takes someone, call him W, who is more knowlegeable than X, Y, & Z to know whether X, Y, or Z is right. Or, if they are all wrong.
To you, X, Y, & Z may seem very knowlegeable. To W, it’s possible that they all know very little.
May 16, 2007 at 4:01 PM #53073Participant“but there are so many variables at play…and i know so little about them…i jsut hear X from one person, Y rom another, and Z from the enxt person. and X, Y, and Z are all educatd sources”
It takes someone, call him W, who is more knowlegeable than X, Y, & Z to know whether X, Y, or Z is right. Or, if they are all wrong.
To you, X, Y, & Z may seem very knowlegeable. To W, it’s possible that they all know very little.
May 16, 2007 at 6:49 PM #53112hipmatt
Participant23109VC..
Glad you can take the jokes and hard times from us with a grain of salt, you seem like a nice, intelligent guy, you will do fine in your next purchase, just keep on researching the RE market and the economy. I’m sure you will be an expert soon enough… and enjoy the LOW rent you pay, you should be celebrating this if nothing else. Many here probably feel as though you have it pretty damn good!May 16, 2007 at 6:49 PM #53119Participant23109VC..
Glad you can take the jokes and hard times from us with a grain of salt, you seem like a nice, intelligent guy, you will do fine in your next purchase, just keep on researching the RE market and the economy. I’m sure you will be an expert soon enough… and enjoy the LOW rent you pay, you should be celebrating this if nothing else. Many here probably feel as though you have it pretty damn good!May 16, 2007 at 9:03 PM #53138bob007
ParticipantI see a lot of people waiting for an inflation adjusted drop. Just wondering what inflation rate do piggingtoners expect in the next 5 years ?
May 16, 2007 at 9:03 PM #53145ParticipantI see a lot of people waiting for an inflation adjusted drop. Just wondering what inflation rate do piggingtoners expect in the next 5 years ?
May 17, 2007 at 12:29 AM #53170temeculaguy
ParticipantYesterday i clicked on your link and it still said latuour from the 500’s, ten minutes ago I clicked it and it now says “from the upper 400’s.” By clicking on the link to that community it still lists it in the 500’s like it did yesterday. My confusion is why would they adjust their website but not reveal what your friend said if it is accurate, someone needs to go there and check the prices. If the biggest model was 421k, why would they update their site today to reflect the smallest one in the high 400’s. Is it baby steps? It’s just so confusing why they wouldn’t use the lower prices to increase traffic at the models.
May 17, 2007 at 12:29 AM #53177ParticipantYesterday i clicked on your link and it still said latuour from the 500’s, ten minutes ago I clicked it and it now says “from the upper 400’s.” By clicking on the link to that community it still lists it in the 500’s like it did yesterday. My confusion is why would they adjust their website but not reveal what your friend said if it is accurate, someone needs to go there and check the prices. If the biggest model was 421k, why would they update their site today to reflect the smallest one in the high 400’s. Is it baby steps? It’s just so confusing why they wouldn’t use the lower prices to increase traffic at the models.
May 17, 2007 at 1:12 AM #53176ParticipantO.K., maybe it’s true. i just did an mls of that zip code and it appears french valley is the canary in the coalmine. Tell your friend to go get his money back. There were over 300 lisings of resales between 400k and 500k in that zip code with a population of 22k. I had to break the search in two 50k chunks because 250 results is the max when searching, I have not seen that in temecula zip codes with more than twice the population, but this is 12 miles away, I can smell the blood already.
Here is what you should tell your buddy to do. Go look at this 2,873 sq ft house listed as a one year old former model at 360k, offer 320K and pay cash, no mortgage.
There were more I just grabbed one but if he is putting down 65% on 421k and wants to live in french valley he is in the ultimate pigginton position, an all cash buyer. That is of course if he can squeeze into a 2900 sq ft house.
-
AuthorPosts
- You must be logged in to reply to this topic.