Eureka Springs in Escondido

[23109VC]

the commute will drive you nuts.

i live AND work in temecula. i have a 5 minute commute.

before i moved, I was living a LOT further away and had to commute 75 miles each way… i spent 1.25 – 1.5 hours in the car EACH way. I did it for six months and aboslutely hated it.

all that time in the car is time i was away from my wife, kids, etc.

time on the road ups your chances of being in a crash and getting hurt. it psychologically tires you out too. by wed/thur I was beat…from all the commuting.

getting up too early to make the drive. if you have to work late, your kids are asleep when you get home.

not worth it … at least not to me. i know not eveyrone can live so close to work like me..but if you can cut down your commute…it’s wonderful. life is too short to spend it on the freeway…

[Bugs]

Spending an extra 2 hours a day on commuting is like cutting your hourly pay by 20%. Not counting the costs of commuting.

[recordsclerk]

Chaparral Ridge by Shea has recently released models and are selling phase 3 ready to live in by December 2008. These homes are nicer then the Steppe’s and there is no mello roos. There is an HOA of $114 and a city imposed assessment of $370 annually. The lots average 14,000sq feet. The homes are 2600-3600sq feet. The prices are high 500s to high 600s. There is a 3500sq foot home available at 635K in the December release.

[Ash Housewares]

E2, you said “if we find something that we like and is not totally insane as far as the payments go then we will go ahead and buy. Based on history, I can’t imagine a house that we buy now will be worth less in 20 years.”

That may be true, but it doesn’t mean that it is a good investment. Look at the opportunity cost of all the investments you will miss in those 20 years because you’re making a big monthly mortgage payment.

It sounds like other factors are more important to you (i.e., settling down, raising family) so this may not matter to you. I wish you the best of luck and hope you’re happy with your purchase. Just know that, at least financially, it is not a wise move at this point in time.

[gn]

“They are going to be building more phases, and extending it across the street.”

There’s an excellent chance that there will be more price cuts in the future phases. Why ?

In less desirable areas like Escondido, it’s almost a given that the builders will have to keep cutting prices to sell. Look at what’s going on in Temecula.

It’s true that Escondido is closer to San Diego. But Escondido is similar to Temecula in one area: long commute with traffic (less severe but still a problem).

[ocrenter]

here’s the latest e-mail I got from the builder:

This is an opportunity you simply can’t miss! Homesite #9 at The Briars boasts privacy, mountain views, a pool size backyard with unsurpassed style and luxury. Set on a generous 8,600 square foot homesite, with a beautiful park steps away, this home won’t last! Up to $20,000 in closing cost incentive available! *

Call (760) 801-6065 for more information or to schedule an appointment today!

Plan 4 Overview

Reduced price of $557,197
Approximately 3,198 square feet
Downstairs master suite, large secondary bedrooms and a loft!
4 bedrooms, 3.5 baths, and 3 car split garage
Includes Granite kitchen counter tops, GE Stainless Steel Appliances, A/C, Front Yard Landscaping, and designer upgraded flooring throughout! (valued at $21,000)!
Up to $10,000 Broker Co-Op fee is available. **

[gn]

The fact that the builder reduced the price & throw in free upgrades & Broker Co-Op fee tells us that they are desperate.

Stay tuned. There will be more discounts in the future phases.

[temeculaguy]

I am a 16 year veteran of the 15 commute, albeit I only have to make the drive a few times a month and do it with my employers car and gas, but there was a year in those sixteen I made it daily. It’s hell, don’t do it. You feel like you drove to Vegas or Disneyland when you are done. Living in Temecula or Escondido makes no difference because it’s 20-25 minutes to get from Temec to the 78, then it’s 20 minutes per mile from Escondido to Lake Hodges, some days I have spent longer getting through Escondido than the rest of the commute combined. Once you get past the mall it’s fine, at least it moves. The last time I went to s.d. the traffic was worse than normal (if that is possible) so I veered off at El Norte, drove to San pasqual and tried to get back on the freeway at Via Rancho Parkway, from the east side. What a joke, I spent 25 minutes just getting on the freeway. The construction is partly to blame but it was bad before the construction and when the construction is over in 2012, all that will be added is a carpool lane. That’s another thing, they’ve been building that thing since my kids were in diapers and my kids will have cars before it’s done, what are they using for shovels, teaspoons?

[Bitter Renter]

Does anyone have any new information on this development? I looked a few months ago and subscribed to the interest list, but the price reductions don’t seem that great as of yet. Perhaps the Knolls, the last and largest of the four neighborhoods at Eureka Springs (anticipated to open Summer ’07), will be the true test of where these homes will ultimately sell for in the future. I would assume the Knolls will be priced from the mid $600’s, but in this market who knows?

[Bitter Renter]

Does anyone have any new information on this development? I looked a few months ago and subscribed to the interest list, but the price reductions don’t seem that great as of yet. Perhaps the Knolls, the last and largest of the four neighborhoods at Eureka Springs (anticipated to open Summer ’07), will be the true test of where these homes will ultimately sell for in the future. I would assume the Knolls will be priced from the mid $600’s, but in this market who knows?

[temeculaguy]

Their website lists two of the tracts priced from the low 500’s and one from the high 500’s. It’s going to take a visit in person to see if they have standing inventory or what the incentives are, they usually don’t advertise that stuff. Save you price sheets, visit every month or two and track how fast they are selling/releasing. Lennar owns at least one of those tracts, they can be agressive discounters and have been cutting costs by paying subcontracters up to 30% less so if their sales slow they will get agressive, especially with standing inventory.

[temeculaguy]

Their website lists two of the tracts priced from the low 500’s and one from the high 500’s. It’s going to take a visit in person to see if they have standing inventory or what the incentives are, they usually don’t advertise that stuff. Save you price sheets, visit every month or two and track how fast they are selling/releasing. Lennar owns at least one of those tracts, they can be agressive discounters and have been cutting costs by paying subcontracters up to 30% less so if their sales slow they will get agressive, especially with standing inventory.

[Author]

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