Harveston down the drain

[AK]

You may be “hosed” by simple checkbook analysis. But you’re quite a bit less hosed than the people who bought at the top of the market … and it seems there are quite a few of them.

And while there are a number of 2500+ sf houses on the market for less than $300K, trashed REOs and other brown-lawn specials seem to be overrepresented, at least from what I’ve seen on Redfin.

You have a house that you like, and it’s within your means. Please. Be happy.

[SD Realtor]

PW sorry for being dense and not reading your question correctly. Actually most of my clients are more adept buyers. They are working with me mainly because of the rebate or from personal referrals so they do not require any sort of advice in that area. The question is a bit trickier because for me to say use a replacement cost of x$ based on a quite from a contractor would be a liability for me. The problem is that this sort of analysis is much to volatile and will change based on demand and who knows if joe contractor I got that quote from will be around. I understand your point and it makes sense but my advice would be to use a replacement cost based on the current comps MINUS the assessment of the land that can be gained from your property tax statement. Is that accurate? mmmm I would say it is debateable. Can it lead to overinsured valuations? YES. Is it better to be overinsured rather then underinsured? YES.

I like your point and for more sophisticated homeowners like yourself, it is more then likely the way to go. Additionally homeowners neglect that they should absolutely reassess the amount of coverage they have on the dwelling each year and adjust that value each year based on the direction of the market.

Do I have time to do that for my rentals? Heck no…

Those who give good advice rarely follow it…

[SD Realtor]

PW sorry for being dense and not reading your question correctly. Actually most of my clients are more adept buyers. They are working with me mainly because of the rebate or from personal referrals so they do not require any sort of advice in that area. The question is a bit trickier because for me to say use a replacement cost of x$ based on a quite from a contractor would be a liability for me. The problem is that this sort of analysis is much to volatile and will change based on demand and who knows if joe contractor I got that quote from will be around. I understand your point and it makes sense but my advice would be to use a replacement cost based on the current comps MINUS the assessment of the land that can be gained from your property tax statement. Is that accurate? mmmm I would say it is debateable. Can it lead to overinsured valuations? YES. Is it better to be overinsured rather then underinsured? YES.

I like your point and for more sophisticated homeowners like yourself, it is more then likely the way to go. Additionally homeowners neglect that they should absolutely reassess the amount of coverage they have on the dwelling each year and adjust that value each year based on the direction of the market.

Do I have time to do that for my rentals? Heck no…

Those who give good advice rarely follow it…

[SD Realtor]

PW sorry for being dense and not reading your question correctly. Actually most of my clients are more adept buyers. They are working with me mainly because of the rebate or from personal referrals so they do not require any sort of advice in that area. The question is a bit trickier because for me to say use a replacement cost of x$ based on a quite from a contractor would be a liability for me. The problem is that this sort of analysis is much to volatile and will change based on demand and who knows if joe contractor I got that quote from will be around. I understand your point and it makes sense but my advice would be to use a replacement cost based on the current comps MINUS the assessment of the land that can be gained from your property tax statement. Is that accurate? mmmm I would say it is debateable. Can it lead to overinsured valuations? YES. Is it better to be overinsured rather then underinsured? YES.

I like your point and for more sophisticated homeowners like yourself, it is more then likely the way to go. Additionally homeowners neglect that they should absolutely reassess the amount of coverage they have on the dwelling each year and adjust that value each year based on the direction of the market.

Do I have time to do that for my rentals? Heck no…

Those who give good advice rarely follow it…

[SD Realtor]

PW sorry for being dense and not reading your question correctly. Actually most of my clients are more adept buyers. They are working with me mainly because of the rebate or from personal referrals so they do not require any sort of advice in that area. The question is a bit trickier because for me to say use a replacement cost of x$ based on a quite from a contractor would be a liability for me. The problem is that this sort of analysis is much to volatile and will change based on demand and who knows if joe contractor I got that quote from will be around. I understand your point and it makes sense but my advice would be to use a replacement cost based on the current comps MINUS the assessment of the land that can be gained from your property tax statement. Is that accurate? mmmm I would say it is debateable. Can it lead to overinsured valuations? YES. Is it better to be overinsured rather then underinsured? YES.

I like your point and for more sophisticated homeowners like yourself, it is more then likely the way to go. Additionally homeowners neglect that they should absolutely reassess the amount of coverage they have on the dwelling each year and adjust that value each year based on the direction of the market.

Do I have time to do that for my rentals? Heck no…

Those who give good advice rarely follow it…

[SD Realtor]

PW sorry for being dense and not reading your question correctly. Actually most of my clients are more adept buyers. They are working with me mainly because of the rebate or from personal referrals so they do not require any sort of advice in that area. The question is a bit trickier because for me to say use a replacement cost of x$ based on a quite from a contractor would be a liability for me. The problem is that this sort of analysis is much to volatile and will change based on demand and who knows if joe contractor I got that quote from will be around. I understand your point and it makes sense but my advice would be to use a replacement cost based on the current comps MINUS the assessment of the land that can be gained from your property tax statement. Is that accurate? mmmm I would say it is debateable. Can it lead to overinsured valuations? YES. Is it better to be overinsured rather then underinsured? YES.

I like your point and for more sophisticated homeowners like yourself, it is more then likely the way to go. Additionally homeowners neglect that they should absolutely reassess the amount of coverage they have on the dwelling each year and adjust that value each year based on the direction of the market.

Do I have time to do that for my rentals? Heck no…

Those who give good advice rarely follow it…

[paramount]

Just a second TG…

I think you left out at least one murder that took place recently in an apt. complex in Temecula (still no arrests as I recall), and also the young girl who was left to die on the streets just this past week. Overall there were 7 murders and 38 robberies in Temecula during 2007.

I have lived in Temecula long enough to know when crime is on the rise – maybe recent crime is an anomaly, and then again maybe not…

[paramount]

Just a second TG…

I think you left out at least one murder that took place recently in an apt. complex in Temecula (still no arrests as I recall), and also the young girl who was left to die on the streets just this past week. Overall there were 7 murders and 38 robberies in Temecula during 2007.

I have lived in Temecula long enough to know when crime is on the rise – maybe recent crime is an anomaly, and then again maybe not…

[paramount]

Just a second TG…

I think you left out at least one murder that took place recently in an apt. complex in Temecula (still no arrests as I recall), and also the young girl who was left to die on the streets just this past week. Overall there were 7 murders and 38 robberies in Temecula during 2007.

I have lived in Temecula long enough to know when crime is on the rise – maybe recent crime is an anomaly, and then again maybe not…

[paramount]

Just a second TG…

I think you left out at least one murder that took place recently in an apt. complex in Temecula (still no arrests as I recall), and also the young girl who was left to die on the streets just this past week. Overall there were 7 murders and 38 robberies in Temecula during 2007.

I have lived in Temecula long enough to know when crime is on the rise – maybe recent crime is an anomaly, and then again maybe not…

[paramount]

Just a second TG…

I think you left out at least one murder that took place recently in an apt. complex in Temecula (still no arrests as I recall), and also the young girl who was left to die on the streets just this past week. Overall there were 7 murders and 38 robberies in Temecula during 2007.

I have lived in Temecula long enough to know when crime is on the rise – maybe recent crime is an anomaly, and then again maybe not…

[temeculaguy]

It’s very likely I missed one, I don’t always read the newspaper but I did mention the one in an apartment complex, that was the follow home from Harrahs by the fallbrook gang member. The other one you mentioned doesn’t stat as a murder just yet because she is in the hospital and don’t dramatize it with “left to die” people called the police and ambulance right away. The synopsis is that two boys were fighting over her, she tried to intervene, got pushed or hit, hit her head on the curb and is now on life support, tragedy, but hardly something that can attributed to a specific area, these things happen, high school boys fight every day, I did and I grew up in one of the nicest places known and even as a boy I remember a kid who got into a high school fight, got hit once and somehow died. But we didn’t pack up and move because it was unsafe for me to be raised there.

Do what you like, move somewhere else, I don’t care, but it would be irrational. Is Sabre springs/Scripps unsafe because of the Westerfield case? In reality it is probably safer now, but in the months that followed people moved out because of fear and there were bargains to be had in that neighborhood. How about Rancho Santa Fe after Heavans Gate, the worst mass suicide in the country’s history? Does it make you fear you will join a cult and kill yourself? Or Brentwood after O.J. Simpson. You have to look at cases specifically and realize the risk factors. No matter where you live, if you have a crazy spouse or ex-spouse, or a crazy relative who owns a gun, isn’t taking their medication and is mad at you, it really doesn’t matter where you live. Since almost every case that has you worried has some sort of domestic angle and 4 of the cases was a single event, be careful who you live with rather than where you live.

I also won’t argue that during my almost 20 years here, it hasn’t gotten worse or at least the volume hasn’t risen. When there were 30k people here, there was less to read about. Now that the valley has more than 300k, 100k in Temecula city limits alone. It would seem like there are ten times more incidents,there should be, but that isn’t how you measure risk, you measure crimes per thousand residents, not totals.

[temeculaguy]

It’s very likely I missed one, I don’t always read the newspaper but I did mention the one in an apartment complex, that was the follow home from Harrahs by the fallbrook gang member. The other one you mentioned doesn’t stat as a murder just yet because she is in the hospital and don’t dramatize it with “left to die” people called the police and ambulance right away. The synopsis is that two boys were fighting over her, she tried to intervene, got pushed or hit, hit her head on the curb and is now on life support, tragedy, but hardly something that can attributed to a specific area, these things happen, high school boys fight every day, I did and I grew up in one of the nicest places known and even as a boy I remember a kid who got into a high school fight, got hit once and somehow died. But we didn’t pack up and move because it was unsafe for me to be raised there.

Do what you like, move somewhere else, I don’t care, but it would be irrational. Is Sabre springs/Scripps unsafe because of the Westerfield case? In reality it is probably safer now, but in the months that followed people moved out because of fear and there were bargains to be had in that neighborhood. How about Rancho Santa Fe after Heavans Gate, the worst mass suicide in the country’s history? Does it make you fear you will join a cult and kill yourself? Or Brentwood after O.J. Simpson. You have to look at cases specifically and realize the risk factors. No matter where you live, if you have a crazy spouse or ex-spouse, or a crazy relative who owns a gun, isn’t taking their medication and is mad at you, it really doesn’t matter where you live. Since almost every case that has you worried has some sort of domestic angle and 4 of the cases was a single event, be careful who you live with rather than where you live.

I also won’t argue that during my almost 20 years here, it hasn’t gotten worse or at least the volume hasn’t risen. When there were 30k people here, there was less to read about. Now that the valley has more than 300k, 100k in Temecula city limits alone. It would seem like there are ten times more incidents,there should be, but that isn’t how you measure risk, you measure crimes per thousand residents, not totals.

[temeculaguy]

It’s very likely I missed one, I don’t always read the newspaper but I did mention the one in an apartment complex, that was the follow home from Harrahs by the fallbrook gang member. The other one you mentioned doesn’t stat as a murder just yet because she is in the hospital and don’t dramatize it with “left to die” people called the police and ambulance right away. The synopsis is that two boys were fighting over her, she tried to intervene, got pushed or hit, hit her head on the curb and is now on life support, tragedy, but hardly something that can attributed to a specific area, these things happen, high school boys fight every day, I did and I grew up in one of the nicest places known and even as a boy I remember a kid who got into a high school fight, got hit once and somehow died. But we didn’t pack up and move because it was unsafe for me to be raised there.

Do what you like, move somewhere else, I don’t care, but it would be irrational. Is Sabre springs/Scripps unsafe because of the Westerfield case? In reality it is probably safer now, but in the months that followed people moved out because of fear and there were bargains to be had in that neighborhood. How about Rancho Santa Fe after Heavans Gate, the worst mass suicide in the country’s history? Does it make you fear you will join a cult and kill yourself? Or Brentwood after O.J. Simpson. You have to look at cases specifically and realize the risk factors. No matter where you live, if you have a crazy spouse or ex-spouse, or a crazy relative who owns a gun, isn’t taking their medication and is mad at you, it really doesn’t matter where you live. Since almost every case that has you worried has some sort of domestic angle and 4 of the cases was a single event, be careful who you live with rather than where you live.

I also won’t argue that during my almost 20 years here, it hasn’t gotten worse or at least the volume hasn’t risen. When there were 30k people here, there was less to read about. Now that the valley has more than 300k, 100k in Temecula city limits alone. It would seem like there are ten times more incidents,there should be, but that isn’t how you measure risk, you measure crimes per thousand residents, not totals.

[temeculaguy]

It’s very likely I missed one, I don’t always read the newspaper but I did mention the one in an apartment complex, that was the follow home from Harrahs by the fallbrook gang member. The other one you mentioned doesn’t stat as a murder just yet because she is in the hospital and don’t dramatize it with “left to die” people called the police and ambulance right away. The synopsis is that two boys were fighting over her, she tried to intervene, got pushed or hit, hit her head on the curb and is now on life support, tragedy, but hardly something that can attributed to a specific area, these things happen, high school boys fight every day, I did and I grew up in one of the nicest places known and even as a boy I remember a kid who got into a high school fight, got hit once and somehow died. But we didn’t pack up and move because it was unsafe for me to be raised there.

Do what you like, move somewhere else, I don’t care, but it would be irrational. Is Sabre springs/Scripps unsafe because of the Westerfield case? In reality it is probably safer now, but in the months that followed people moved out because of fear and there were bargains to be had in that neighborhood. How about Rancho Santa Fe after Heavans Gate, the worst mass suicide in the country’s history? Does it make you fear you will join a cult and kill yourself? Or Brentwood after O.J. Simpson. You have to look at cases specifically and realize the risk factors. No matter where you live, if you have a crazy spouse or ex-spouse, or a crazy relative who owns a gun, isn’t taking their medication and is mad at you, it really doesn’t matter where you live. Since almost every case that has you worried has some sort of domestic angle and 4 of the cases was a single event, be careful who you live with rather than where you live.

I also won’t argue that during my almost 20 years here, it hasn’t gotten worse or at least the volume hasn’t risen. When there were 30k people here, there was less to read about. Now that the valley has more than 300k, 100k in Temecula city limits alone. It would seem like there are ten times more incidents,there should be, but that isn’t how you measure risk, you measure crimes per thousand residents, not totals.

[Author]

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