Harveston down the drain

[Nor-LA-SD-guy]

Nor-La-SD-Guy
Old Post

Like the SEH for 535K post that never go into escrow,

Sorry, seems I misread the MLS in this SEH , It is in escrow as far as I can tell.

If it closes at this price, My personal opioin is the buyer really got a good deal (as the statment in the first post said I meant no offense to anyone).

[TheBreeze]

With half the homes in Temecula being bank-owned and vacant, I would expect crime to go up significantly. Why cook meth in some trailer in the middle of a national forest when you can do it in a nice comfy vacant house?

All those vacant homes are like a siren call to criminals. And you can expect a big property tax revenue drop-off as well. How is Temecula going to pay for all those cops when the the tax revenue base goes to 1/3 or less of its current level? And who do you think your neighbors are going to be when prices get down to the $200K level?

I would only consider buying a rental in Temecula. No way I’d consider buying a place to live there long-term until this whole thing shakes out. The neighborhood characteristics in Temecula could change significantly over the next few years and I wouldn’t want to be stuck there watching it happen.

[TheBreeze]

With half the homes in Temecula being bank-owned and vacant, I would expect crime to go up significantly. Why cook meth in some trailer in the middle of a national forest when you can do it in a nice comfy vacant house?

All those vacant homes are like a siren call to criminals. And you can expect a big property tax revenue drop-off as well. How is Temecula going to pay for all those cops when the the tax revenue base goes to 1/3 or less of its current level? And who do you think your neighbors are going to be when prices get down to the $200K level?

I would only consider buying a rental in Temecula. No way I’d consider buying a place to live there long-term until this whole thing shakes out. The neighborhood characteristics in Temecula could change significantly over the next few years and I wouldn’t want to be stuck there watching it happen.

[TheBreeze]

With half the homes in Temecula being bank-owned and vacant, I would expect crime to go up significantly. Why cook meth in some trailer in the middle of a national forest when you can do it in a nice comfy vacant house?

All those vacant homes are like a siren call to criminals. And you can expect a big property tax revenue drop-off as well. How is Temecula going to pay for all those cops when the the tax revenue base goes to 1/3 or less of its current level? And who do you think your neighbors are going to be when prices get down to the $200K level?

I would only consider buying a rental in Temecula. No way I’d consider buying a place to live there long-term until this whole thing shakes out. The neighborhood characteristics in Temecula could change significantly over the next few years and I wouldn’t want to be stuck there watching it happen.

[TheBreeze]

With half the homes in Temecula being bank-owned and vacant, I would expect crime to go up significantly. Why cook meth in some trailer in the middle of a national forest when you can do it in a nice comfy vacant house?

All those vacant homes are like a siren call to criminals. And you can expect a big property tax revenue drop-off as well. How is Temecula going to pay for all those cops when the the tax revenue base goes to 1/3 or less of its current level? And who do you think your neighbors are going to be when prices get down to the $200K level?

I would only consider buying a rental in Temecula. No way I’d consider buying a place to live there long-term until this whole thing shakes out. The neighborhood characteristics in Temecula could change significantly over the next few years and I wouldn’t want to be stuck there watching it happen.

[TheBreeze]

With half the homes in Temecula being bank-owned and vacant, I would expect crime to go up significantly. Why cook meth in some trailer in the middle of a national forest when you can do it in a nice comfy vacant house?

All those vacant homes are like a siren call to criminals. And you can expect a big property tax revenue drop-off as well. How is Temecula going to pay for all those cops when the the tax revenue base goes to 1/3 or less of its current level? And who do you think your neighbors are going to be when prices get down to the $200K level?

I would only consider buying a rental in Temecula. No way I’d consider buying a place to live there long-term until this whole thing shakes out. The neighborhood characteristics in Temecula could change significantly over the next few years and I wouldn’t want to be stuck there watching it happen.

[4plexowner]

Hard to imagine that we will ever be scraping vacant homes in San Diego county but the precedent has and is being set as we speak:

The city of Macon considers more than 260 houses to be such eyesores that it went through the time-consuming legal process of getting them condemned so they can be demolished.

http://www.macon.com/198/story/269960.html

Brown last year announced a ‘5 in 5’ plan with a goal of demolishing 5,000 vacant structures in five years. The city will put up $20 million of the $100 million cost, ask the state for $60 million and the federal government for $15 million.

http://www.forbes.com/markets/feeds/afx/2008/02/05/afx4618254.html

On his demolition list sit 900 fire-damaged, dilapidated and unsecured vacant homes. He estimates thousands more sit vacant.

http://www.vindy.com/news/2008/feb/12/getting-rid-urban-blight/

In Cleveland, there are so many vacant bank-owned homes that officials are considering demolition in some areas.

http://www.signonsandiego.com/news/business/20080217-9999-1n17landbank.html

[4plexowner]

Hard to imagine that we will ever be scraping vacant homes in San Diego county but the precedent has and is being set as we speak:

The city of Macon considers more than 260 houses to be such eyesores that it went through the time-consuming legal process of getting them condemned so they can be demolished.

http://www.macon.com/198/story/269960.html

Brown last year announced a ‘5 in 5’ plan with a goal of demolishing 5,000 vacant structures in five years. The city will put up $20 million of the $100 million cost, ask the state for $60 million and the federal government for $15 million.

http://www.forbes.com/markets/feeds/afx/2008/02/05/afx4618254.html

On his demolition list sit 900 fire-damaged, dilapidated and unsecured vacant homes. He estimates thousands more sit vacant.

http://www.vindy.com/news/2008/feb/12/getting-rid-urban-blight/

In Cleveland, there are so many vacant bank-owned homes that officials are considering demolition in some areas.

http://www.signonsandiego.com/news/business/20080217-9999-1n17landbank.html

[4plexowner]

Hard to imagine that we will ever be scraping vacant homes in San Diego county but the precedent has and is being set as we speak:

The city of Macon considers more than 260 houses to be such eyesores that it went through the time-consuming legal process of getting them condemned so they can be demolished.

http://www.macon.com/198/story/269960.html

Brown last year announced a ‘5 in 5’ plan with a goal of demolishing 5,000 vacant structures in five years. The city will put up $20 million of the $100 million cost, ask the state for $60 million and the federal government for $15 million.

http://www.forbes.com/markets/feeds/afx/2008/02/05/afx4618254.html

On his demolition list sit 900 fire-damaged, dilapidated and unsecured vacant homes. He estimates thousands more sit vacant.

http://www.vindy.com/news/2008/feb/12/getting-rid-urban-blight/

In Cleveland, there are so many vacant bank-owned homes that officials are considering demolition in some areas.

http://www.signonsandiego.com/news/business/20080217-9999-1n17landbank.html

[4plexowner]

Hard to imagine that we will ever be scraping vacant homes in San Diego county but the precedent has and is being set as we speak:

The city of Macon considers more than 260 houses to be such eyesores that it went through the time-consuming legal process of getting them condemned so they can be demolished.

http://www.macon.com/198/story/269960.html

Brown last year announced a ‘5 in 5’ plan with a goal of demolishing 5,000 vacant structures in five years. The city will put up $20 million of the $100 million cost, ask the state for $60 million and the federal government for $15 million.

http://www.forbes.com/markets/feeds/afx/2008/02/05/afx4618254.html

On his demolition list sit 900 fire-damaged, dilapidated and unsecured vacant homes. He estimates thousands more sit vacant.

http://www.vindy.com/news/2008/feb/12/getting-rid-urban-blight/

In Cleveland, there are so many vacant bank-owned homes that officials are considering demolition in some areas.

http://www.signonsandiego.com/news/business/20080217-9999-1n17landbank.html

[4plexowner]

Hard to imagine that we will ever be scraping vacant homes in San Diego county but the precedent has and is being set as we speak:

The city of Macon considers more than 260 houses to be such eyesores that it went through the time-consuming legal process of getting them condemned so they can be demolished.

http://www.macon.com/198/story/269960.html

Brown last year announced a ‘5 in 5’ plan with a goal of demolishing 5,000 vacant structures in five years. The city will put up $20 million of the $100 million cost, ask the state for $60 million and the federal government for $15 million.

http://www.forbes.com/markets/feeds/afx/2008/02/05/afx4618254.html

On his demolition list sit 900 fire-damaged, dilapidated and unsecured vacant homes. He estimates thousands more sit vacant.

http://www.vindy.com/news/2008/feb/12/getting-rid-urban-blight/

In Cleveland, there are so many vacant bank-owned homes that officials are considering demolition in some areas.

http://www.signonsandiego.com/news/business/20080217-9999-1n17landbank.html

[Anonymous]

Great…we want this bubble to crash hard so we can pick up huge properties dirt cheap, but don’t want the price to come down TOO much as to attract undesirables. Now I’m getting a headache. 🙂

[Anonymous]

Great…we want this bubble to crash hard so we can pick up huge properties dirt cheap, but don’t want the price to come down TOO much as to attract undesirables. Now I’m getting a headache. 🙂

[Anonymous]

Great…we want this bubble to crash hard so we can pick up huge properties dirt cheap, but don’t want the price to come down TOO much as to attract undesirables. Now I’m getting a headache. 🙂

[Anonymous]

Great…we want this bubble to crash hard so we can pick up huge properties dirt cheap, but don’t want the price to come down TOO much as to attract undesirables. Now I’m getting a headache. 🙂

[Author]

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