How is the market in Temecula/Murrieta?

[Ren]

I’ve been a Temecula resident for 5 months now, currently working a contract job in Carlsbad near the airport. The commute isn’t as bad as I thought it would be, 50 minutes in the morning and 45-55 at night. That’s almost comparable to my San Marcos->RB commute just before the 15 improvements, but a good fraction of that was a parking lot in the morning, and I’m rarely in stop and go traffic now, which makes it much more livable. The drive isn’t bad, but the extra time away from family is.

There are a lot of redneck-types up here, I knew that going in, but my God, I’ve never seen so many lifted trucks in my life, most with a big white logo sticker on the back window to state “I identify with this brand.”

One thing I have noticed is that in general, people here are FAR nicer and more sociable than any I encountered in my previous cities of work/residence, which includes Escondido, San Marcos, RB, Carlsbad, Del Mar, and Carmel Mountain. If I was to keep a tally, the number of TV total strangers that smile and say hi would outnumber those in SD by 10 to 1, easily. In all my moves (maybe 12) I’ve never had a neighbor come over and introduce themselves, until I moved here.

So far, I’m glad I made the choice.

[paramount]

[quote=Ren]I’ve been a Temecula resident for 5 months now, currently working a contract job in Carlsbad near the airport. The commute isn’t as bad as I thought it would be, 50 minutes in the morning and 45-55 at night. That’s almost comparable to my San Marcos->RB commute just before the 15 improvements, but a good fraction of that was a parking lot in the morning, and I’m rarely in stop and go traffic now, which makes it much more livable. The drive isn’t bad, but the extra time away from family is.

There are a lot of redneck-types up here, I knew that going in, but my God, I’ve never seen so many lifted trucks in my life, most with a big white logo sticker on the back window to state “I identify with this brand.”

One thing I have noticed is that in general, people here are FAR nicer and more sociable than any I encountered in my previous cities of work/residence, which includes Escondido, San Marcos, RB, Carlsbad, Del Mar, and Carmel Mountain. If I was to keep a tally, the number of TV total strangers that smile and say hi would outnumber those in SD by 10 to 1, easily. In all my moves (maybe 12) I’ve never had a neighbor come over and introduce themselves, until I moved here.

So far, I’m glad I made the choice.[/quote]

The other subspecies in Temecula is the ‘Flatbillers’ and bro-ho’s – I’m pretty sure you’ll know them when encountered.

flatbillers.com:

Flatbillers, AKA Bros – You’ve seen them. Those tattooed kids who drive lifted trucks, wear flat-billed hats turned to the side and constantly talk about dirt bikes. These tough guys affectionately refer to each other as “Bro”. Are they for real? Or are they just posers?

theonion:

You know you’re one of my top bros, bro, because you got my back. And I got yours. You’re my bro. But you went above and beyond the other night, bromaldehyde. You really did. Saving me that seat at the Velvet Revolver show, even though all those other bros were trying to get up front, bro? So clutch.

You are truly a god among bros.

[paramount]

[quote=Ren]I’ve been a Temecula resident for 5 months now, currently working a contract job in Carlsbad near the airport. The commute isn’t as bad as I thought it would be, 50 minutes in the morning and 45-55 at night. That’s almost comparable to my San Marcos->RB commute just before the 15 improvements, but a good fraction of that was a parking lot in the morning, and I’m rarely in stop and go traffic now, which makes it much more livable. The drive isn’t bad, but the extra time away from family is.

There are a lot of redneck-types up here, I knew that going in, but my God, I’ve never seen so many lifted trucks in my life, most with a big white logo sticker on the back window to state “I identify with this brand.”

One thing I have noticed is that in general, people here are FAR nicer and more sociable than any I encountered in my previous cities of work/residence, which includes Escondido, San Marcos, RB, Carlsbad, Del Mar, and Carmel Mountain. If I was to keep a tally, the number of TV total strangers that smile and say hi would outnumber those in SD by 10 to 1, easily. In all my moves (maybe 12) I’ve never had a neighbor come over and introduce themselves, until I moved here.

So far, I’m glad I made the choice.[/quote]

The other subspecies in Temecula is the ‘Flatbillers’ and bro-ho’s – I’m pretty sure you’ll know them when encountered.

flatbillers.com:

Flatbillers, AKA Bros – You’ve seen them. Those tattooed kids who drive lifted trucks, wear flat-billed hats turned to the side and constantly talk about dirt bikes. These tough guys affectionately refer to each other as “Bro”. Are they for real? Or are they just posers?

theonion:

You know you’re one of my top bros, bro, because you got my back. And I got yours. You’re my bro. But you went above and beyond the other night, bromaldehyde. You really did. Saving me that seat at the Velvet Revolver show, even though all those other bros were trying to get up front, bro? So clutch.

You are truly a god among bros.

[paramount]

[quote=Ren]I’ve been a Temecula resident for 5 months now, currently working a contract job in Carlsbad near the airport. The commute isn’t as bad as I thought it would be, 50 minutes in the morning and 45-55 at night. That’s almost comparable to my San Marcos->RB commute just before the 15 improvements, but a good fraction of that was a parking lot in the morning, and I’m rarely in stop and go traffic now, which makes it much more livable. The drive isn’t bad, but the extra time away from family is.

There are a lot of redneck-types up here, I knew that going in, but my God, I’ve never seen so many lifted trucks in my life, most with a big white logo sticker on the back window to state “I identify with this brand.”

One thing I have noticed is that in general, people here are FAR nicer and more sociable than any I encountered in my previous cities of work/residence, which includes Escondido, San Marcos, RB, Carlsbad, Del Mar, and Carmel Mountain. If I was to keep a tally, the number of TV total strangers that smile and say hi would outnumber those in SD by 10 to 1, easily. In all my moves (maybe 12) I’ve never had a neighbor come over and introduce themselves, until I moved here.

So far, I’m glad I made the choice.[/quote]

The other subspecies in Temecula is the ‘Flatbillers’ and bro-ho’s – I’m pretty sure you’ll know them when encountered.

flatbillers.com:

Flatbillers, AKA Bros – You’ve seen them. Those tattooed kids who drive lifted trucks, wear flat-billed hats turned to the side and constantly talk about dirt bikes. These tough guys affectionately refer to each other as “Bro”. Are they for real? Or are they just posers?

theonion:

You know you’re one of my top bros, bro, because you got my back. And I got yours. You’re my bro. But you went above and beyond the other night, bromaldehyde. You really did. Saving me that seat at the Velvet Revolver show, even though all those other bros were trying to get up front, bro? So clutch.

You are truly a god among bros.

[paramount]

[quote=Ren]I’ve been a Temecula resident for 5 months now, currently working a contract job in Carlsbad near the airport. The commute isn’t as bad as I thought it would be, 50 minutes in the morning and 45-55 at night. That’s almost comparable to my San Marcos->RB commute just before the 15 improvements, but a good fraction of that was a parking lot in the morning, and I’m rarely in stop and go traffic now, which makes it much more livable. The drive isn’t bad, but the extra time away from family is.

There are a lot of redneck-types up here, I knew that going in, but my God, I’ve never seen so many lifted trucks in my life, most with a big white logo sticker on the back window to state “I identify with this brand.”

One thing I have noticed is that in general, people here are FAR nicer and more sociable than any I encountered in my previous cities of work/residence, which includes Escondido, San Marcos, RB, Carlsbad, Del Mar, and Carmel Mountain. If I was to keep a tally, the number of TV total strangers that smile and say hi would outnumber those in SD by 10 to 1, easily. In all my moves (maybe 12) I’ve never had a neighbor come over and introduce themselves, until I moved here.

So far, I’m glad I made the choice.[/quote]

The other subspecies in Temecula is the ‘Flatbillers’ and bro-ho’s – I’m pretty sure you’ll know them when encountered.

flatbillers.com:

Flatbillers, AKA Bros – You’ve seen them. Those tattooed kids who drive lifted trucks, wear flat-billed hats turned to the side and constantly talk about dirt bikes. These tough guys affectionately refer to each other as “Bro”. Are they for real? Or are they just posers?

theonion:

You know you’re one of my top bros, bro, because you got my back. And I got yours. You’re my bro. But you went above and beyond the other night, bromaldehyde. You really did. Saving me that seat at the Velvet Revolver show, even though all those other bros were trying to get up front, bro? So clutch.

You are truly a god among bros.

[paramount]

[quote=Ren]I’ve been a Temecula resident for 5 months now, currently working a contract job in Carlsbad near the airport. The commute isn’t as bad as I thought it would be, 50 minutes in the morning and 45-55 at night. That’s almost comparable to my San Marcos->RB commute just before the 15 improvements, but a good fraction of that was a parking lot in the morning, and I’m rarely in stop and go traffic now, which makes it much more livable. The drive isn’t bad, but the extra time away from family is.

There are a lot of redneck-types up here, I knew that going in, but my God, I’ve never seen so many lifted trucks in my life, most with a big white logo sticker on the back window to state “I identify with this brand.”

One thing I have noticed is that in general, people here are FAR nicer and more sociable than any I encountered in my previous cities of work/residence, which includes Escondido, San Marcos, RB, Carlsbad, Del Mar, and Carmel Mountain. If I was to keep a tally, the number of TV total strangers that smile and say hi would outnumber those in SD by 10 to 1, easily. In all my moves (maybe 12) I’ve never had a neighbor come over and introduce themselves, until I moved here.

So far, I’m glad I made the choice.[/quote]

The other subspecies in Temecula is the ‘Flatbillers’ and bro-ho’s – I’m pretty sure you’ll know them when encountered.

flatbillers.com:

Flatbillers, AKA Bros – You’ve seen them. Those tattooed kids who drive lifted trucks, wear flat-billed hats turned to the side and constantly talk about dirt bikes. These tough guys affectionately refer to each other as “Bro”. Are they for real? Or are they just posers?

theonion:

You know you’re one of my top bros, bro, because you got my back. And I got yours. You’re my bro. But you went above and beyond the other night, bromaldehyde. You really did. Saving me that seat at the Velvet Revolver show, even though all those other bros were trying to get up front, bro? So clutch.

You are truly a god among bros.

[JACKQLYN]

Boy you guys are really good when it comes to classifying each hood. I’ve lived in Murrieta/Temecula, Esco and now San Marcos. I can totally agree w/ everything stated.

The Piggs know…

[JACKQLYN]

Boy you guys are really good when it comes to classifying each hood. I’ve lived in Murrieta/Temecula, Esco and now San Marcos. I can totally agree w/ everything stated.

The Piggs know…

[JACKQLYN]

Boy you guys are really good when it comes to classifying each hood. I’ve lived in Murrieta/Temecula, Esco and now San Marcos. I can totally agree w/ everything stated.

The Piggs know…

[JACKQLYN]

Boy you guys are really good when it comes to classifying each hood. I’ve lived in Murrieta/Temecula, Esco and now San Marcos. I can totally agree w/ everything stated.

The Piggs know…

[JACKQLYN]

Boy you guys are really good when it comes to classifying each hood. I’ve lived in Murrieta/Temecula, Esco and now San Marcos. I can totally agree w/ everything stated.

The Piggs know…

[as]

How is the market in Murrieta and Temecula now? Can somebody give a update? I am still thinking to get a condo or house there as investment. Is it too late? Thanks!

[The-Shoveler]

Nothing up here, go try Vegas,
Sarcasm off
The fact that no one is responding probably gives you your answer.

[henrysd]

The biggest problem to Temecula/Murrieta is lack of good quality tenants. House price are dirt cheap there, so those with good credit and stable income have bought their own homes. This leave predominantely junk quality tenants on the market. Investing in Temecula rental house is similar to investing in junk bond – high yield and also high default rate.

[temeculaguy]

It might be, but that all depends on what you want and what you consider too late. If you look at my post above, it pretty much went as I predicted, what’s new, allow me to sprain my arm patting myself on the back.

I’ve mentioned this a lot but I’m not fond of rentals outside of temecula and murrieta proper, the more centralized the better and south of temecula parkway has the best renatl opportunity because their is only one apartment/condo complex with corporate ownership, a couple of condo complexes with individial owners and a few thousand employees of the casino and a dumpload of retail. A big hospital being built at breakneck speed (it’s framed) and a sattelite Cal State just opened, plus a dumpload of retail. These workers have to drive north to rent and North-South traffic blows, so it presents a unique opportunity. Plus the South is almost built out. There are still other opportunities, but stay in those two cities and not places like french valley or menifee, 10-15 miles away, too much land and traffic to get there, renters are not commuters for the most part.

Here are some examples I mentioned a few years ago

http://www.redfin.com/CA/Temecula/33544-Winston-Way-92592/unit-B/home/12509628

you could have had that one for 150-175 in 2008/2009, now its pending for 215. A few others are pending between 135 and 160, but they are shorts that have been pending a long time, hard to tell what the real story is. A few just sold in that 160 range with no view and some for less that are the less desirable model, so I’d say it’s up 20k, if you can get one for 160k, they rent for 1500, have no mello roos and low taxes (near 1%) and a 200 association that does a fine job (I rented there) that inludes trash, pool, gates, lawn care, blah, blah. Here’s the problem, there aren’t any for sale that you can walk up and buy, not one active listing.

Another one accross the street from the hospital is this, it’s a zero lot line, dinky, but sort of a sfr.

http://www.redfin.com/CA/Temecula/31618-Heather-Way-92592/unit-114/home/6250565

that’s a deal, but it’s been listen one day, I’ll bet it’s already got offers, it will go for 150-200,but this is just to show you that steals may still be had, you just have to work for them.

this next one is more of an apartment you buy

http://www.redfin.com/CA/Temecula/44800-Adam-Ln-92592/unit-4800/home/8172177

very few listing but this one bedroom wants 119, they were 80 for a 1 and 100k for a 2/2 two years ago, you should be able to get a 2 for 120 now, so it’s 20k since bottom, but the friends I know who are in the market for rentals say it’s slim pickens and you need to be agressive for the non shorts.

as you move into the larger sfr’s, the prices are up and they don’t pencil out as well as rentals.

In Summary, it has bounced off bottom, there are still many rentals that can be aquired and be cash positive from day one if you get a good price, but you need a renter, which is why I posted my diatribe about location and demographics. My relative who picked up one in the very first link at about 135 or 140k back in early 2009 has never had it empty and gets 1500 mo. Rent is the same, you might get one for 160 or so, still might work for you.

[Author]

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