Harveston down the drain

[temeculaguy]

Sandi, I have been married so you must be the luckiest guy in the world, nuff said, suprised you have the strength to type.

23109, you never said you CAN be in for the long haul all those months of posting, you talked youself into saying you “WERE” in it for the long haul. You didn’t believe us but you also didn’t get in at peak so you will not have to be at the bottom for as long as others, ride it out, let it burn in so than maybe next time you don’t decieve yourself, it’s an expensive lesson, you got off cheap. You also were making 150k and paying 1500 in rent but not saving anything so no matter what your payment is, there is a money management lesson that you need to learn while there is still time young Jedi. 58″ tv and video games, hmmmm. Dude you are inches from shopping for an H2 (inside joke to a friend), the difference is my friend got rich then played the game, you are playing the game to get rich.

To everyone asking, I should say that crime is an epidemic because I am betting on the fall but I am also afflicted with honesty, don’t fret or believe the hype, crime is not out of control in temecula. Just like there is doubt that 23109 found a house for so little (I think it may have been a short or a typo, thats a little too low for harveston) is also why a few murders in the newspaper don’t spell a crime wave. Two domestics and a third that was a San Diego case that spilled into Temecula doesn’t exactly get me nervous but the press always leaves that stuff out because they love getting you excited. Of the three I know of one was an adult son from Nevada who drove to Temecula and Shot his dad, stepmom and stepsiters then himself. If I live two streets away, how does that endanger me. The one in french valley was husband/wife murder suicide, again I’m safe, one of the few benefits of being divorced. The third was a Fallbrook gang member and a casino employee seen in an argument in a Valley Center casino, gang member follows the man home and shoots him in the parking lot, the man happened to live in an apartment in Temecula. That is the only one that concerns me because I argue with gang members in casinos sometimes, so I may have to move somewhere safer or just stop doing that.

Like always, a few examples never tell the story, I like the numbers, the averages, the odds, but then again, I could care less what anyone thinks because I’m not selling, I’m buying. I appreciate public defender throwing in his 2 cents and can think of no better person to ask the temperature than the guy with the thermometer.

atr, thanks, do post more for two reasons, I love compliments and your analysis was pretty damn good for a first timer, you’ve got game and if you change your mind the stalker position is still vacant and my paparazzi just quit.

[Nor-LA-SD-guy]

Nor-La-SD-Guy

No expert claim here, But My theory on this RE bust is this,

RE prices will stabilize at the maximum collective unhappiness Level,

Ie.. At the price where owners hoping for the return to 2005 highs give up hope,

And at the price that will still be too expensive for most to afford (except maybe Temecula valley and like areas where I think we are already seeing some good buying points here and there in My opinion ).

Good luck to all.

[Nor-LA-SD-guy]

Nor-La-SD-Guy

No expert claim here, But My theory on this RE bust is this,

RE prices will stabilize at the maximum collective unhappiness Level,

Ie.. At the price where owners hoping for the return to 2005 highs give up hope,

And at the price that will still be too expensive for most to afford (except maybe Temecula valley and like areas where I think we are already seeing some good buying points here and there in My opinion ).

Good luck to all.

[Nor-LA-SD-guy]

Nor-La-SD-Guy

No expert claim here, But My theory on this RE bust is this,

RE prices will stabilize at the maximum collective unhappiness Level,

Ie.. At the price where owners hoping for the return to 2005 highs give up hope,

And at the price that will still be too expensive for most to afford (except maybe Temecula valley and like areas where I think we are already seeing some good buying points here and there in My opinion ).

Good luck to all.

[Nor-LA-SD-guy]

Nor-La-SD-Guy

No expert claim here, But My theory on this RE bust is this,

RE prices will stabilize at the maximum collective unhappiness Level,

Ie.. At the price where owners hoping for the return to 2005 highs give up hope,

And at the price that will still be too expensive for most to afford (except maybe Temecula valley and like areas where I think we are already seeing some good buying points here and there in My opinion ).

Good luck to all.

[Nor-LA-SD-guy]

Nor-La-SD-Guy

No expert claim here, But My theory on this RE bust is this,

RE prices will stabilize at the maximum collective unhappiness Level,

Ie.. At the price where owners hoping for the return to 2005 highs give up hope,

And at the price that will still be too expensive for most to afford (except maybe Temecula valley and like areas where I think we are already seeing some good buying points here and there in My opinion ).

Good luck to all.

[patientlywaiting]

Hipmatt, $104/sf including the land is a pretty good deal already (although I think it’ll go much lower in Temecula). I know someone who build a house in Riverside for $130/sf excluding the land. His house is custom but I would say that it’s no better than a tract house.

BTW, SD Realtor, what are you advising your clients on homeowners’ insurance, dwelling coverage portion, for a typical suburban tract house?

[patientlywaiting]

Hipmatt, $104/sf including the land is a pretty good deal already (although I think it’ll go much lower in Temecula). I know someone who build a house in Riverside for $130/sf excluding the land. His house is custom but I would say that it’s no better than a tract house.

BTW, SD Realtor, what are you advising your clients on homeowners’ insurance, dwelling coverage portion, for a typical suburban tract house?

[patientlywaiting]

Hipmatt, $104/sf including the land is a pretty good deal already (although I think it’ll go much lower in Temecula). I know someone who build a house in Riverside for $130/sf excluding the land. His house is custom but I would say that it’s no better than a tract house.

BTW, SD Realtor, what are you advising your clients on homeowners’ insurance, dwelling coverage portion, for a typical suburban tract house?

[patientlywaiting]

Hipmatt, $104/sf including the land is a pretty good deal already (although I think it’ll go much lower in Temecula). I know someone who build a house in Riverside for $130/sf excluding the land. His house is custom but I would say that it’s no better than a tract house.

BTW, SD Realtor, what are you advising your clients on homeowners’ insurance, dwelling coverage portion, for a typical suburban tract house?

[patientlywaiting]

Hipmatt, $104/sf including the land is a pretty good deal already (although I think it’ll go much lower in Temecula). I know someone who build a house in Riverside for $130/sf excluding the land. His house is custom but I would say that it’s no better than a tract house.

BTW, SD Realtor, what are you advising your clients on homeowners’ insurance, dwelling coverage portion, for a typical suburban tract house?

[vizcaya]

I also did not expect prices to fall this much this soon. I did as much research as I could before I purchased my home late last year, and I estimated that the bottom would be about 30% from peak. Knowing this I purchased a bank owned home that was about 30% below peak(mid 2005 pricing). Prices are currently at about the price I paid. With no real bottom in site, it looks like there will be another 20% drop before prices bottom in my area.

I am here for at least 10-15 years. Therefore the bottom of the cycle will not hurt me. I did lose about $120k in opportunity cost. But since I sold my last home in this same area at peak, I used that money as a down payment, therefore the $120k was bubble money.

[vizcaya]

I also did not expect prices to fall this much this soon. I did as much research as I could before I purchased my home late last year, and I estimated that the bottom would be about 30% from peak. Knowing this I purchased a bank owned home that was about 30% below peak(mid 2005 pricing). Prices are currently at about the price I paid. With no real bottom in site, it looks like there will be another 20% drop before prices bottom in my area.

I am here for at least 10-15 years. Therefore the bottom of the cycle will not hurt me. I did lose about $120k in opportunity cost. But since I sold my last home in this same area at peak, I used that money as a down payment, therefore the $120k was bubble money.

[vizcaya]

I also did not expect prices to fall this much this soon. I did as much research as I could before I purchased my home late last year, and I estimated that the bottom would be about 30% from peak. Knowing this I purchased a bank owned home that was about 30% below peak(mid 2005 pricing). Prices are currently at about the price I paid. With no real bottom in site, it looks like there will be another 20% drop before prices bottom in my area.

I am here for at least 10-15 years. Therefore the bottom of the cycle will not hurt me. I did lose about $120k in opportunity cost. But since I sold my last home in this same area at peak, I used that money as a down payment, therefore the $120k was bubble money.

[vizcaya]

I also did not expect prices to fall this much this soon. I did as much research as I could before I purchased my home late last year, and I estimated that the bottom would be about 30% from peak. Knowing this I purchased a bank owned home that was about 30% below peak(mid 2005 pricing). Prices are currently at about the price I paid. With no real bottom in site, it looks like there will be another 20% drop before prices bottom in my area.

I am here for at least 10-15 years. Therefore the bottom of the cycle will not hurt me. I did lose about $120k in opportunity cost. But since I sold my last home in this same area at peak, I used that money as a down payment, therefore the $120k was bubble money.

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