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  • August 20, 2008 at 9:38 PM #259510
    kewp
    Participant

    Future production is influenced by costs, but in the final result, the market determines the price.

    Truer words have never been spoken.

    Your home ‘equity’ is what someone will pay you for it when you sell it. No more, no less.

    Check out realtytrac.com to view the ongoing train wreck that is Temecula.

    August 21, 2008 at 6:52 AM #259373
    Nor-LA-SD-guy
    Participant

    Have not seen a 3000 sqf one for 200K yet in Temecula, but I would think it would not be in the best of conditions etc.. for that price, so far most of the foreclosures are going for around 300K for that size, (I think you will not see a voluntary sale at that price).

    I doubt there are any truly Voluntary home sales in Temecula valley at this point anyway (besides new homes that is).

    Less than an hour from the best beaches in Socal, little over an hour to downtown SD, or OC,

    Just my opinion but I think Temecula is probably the best Housing deal in the U.S.A. at the moment.

    That may change if SD follows at which point I will be looking to buy in SD.

    Anyway good luck,

    August 21, 2008 at 6:52 AM #259566
    Nor-LA-SD-guy
    Participant

    Have not seen a 3000 sqf one for 200K yet in Temecula, but I would think it would not be in the best of conditions etc.. for that price, so far most of the foreclosures are going for around 300K for that size, (I think you will not see a voluntary sale at that price).

    I doubt there are any truly Voluntary home sales in Temecula valley at this point anyway (besides new homes that is).

    Less than an hour from the best beaches in Socal, little over an hour to downtown SD, or OC,

    Just my opinion but I think Temecula is probably the best Housing deal in the U.S.A. at the moment.

    That may change if SD follows at which point I will be looking to buy in SD.

    Anyway good luck,

    August 21, 2008 at 6:52 AM #259579
    Nor-LA-SD-guy
    Participant

    Have not seen a 3000 sqf one for 200K yet in Temecula, but I would think it would not be in the best of conditions etc.. for that price, so far most of the foreclosures are going for around 300K for that size, (I think you will not see a voluntary sale at that price).

    I doubt there are any truly Voluntary home sales in Temecula valley at this point anyway (besides new homes that is).

    Less than an hour from the best beaches in Socal, little over an hour to downtown SD, or OC,

    Just my opinion but I think Temecula is probably the best Housing deal in the U.S.A. at the moment.

    That may change if SD follows at which point I will be looking to buy in SD.

    Anyway good luck,

    August 21, 2008 at 6:52 AM #259629
    Nor-LA-SD-guy
    Participant

    Have not seen a 3000 sqf one for 200K yet in Temecula, but I would think it would not be in the best of conditions etc.. for that price, so far most of the foreclosures are going for around 300K for that size, (I think you will not see a voluntary sale at that price).

    I doubt there are any truly Voluntary home sales in Temecula valley at this point anyway (besides new homes that is).

    Less than an hour from the best beaches in Socal, little over an hour to downtown SD, or OC,

    Just my opinion but I think Temecula is probably the best Housing deal in the U.S.A. at the moment.

    That may change if SD follows at which point I will be looking to buy in SD.

    Anyway good luck,

    August 21, 2008 at 6:52 AM #259670
    Nor-LA-SD-guy
    Participant

    Have not seen a 3000 sqf one for 200K yet in Temecula, but I would think it would not be in the best of conditions etc.. for that price, so far most of the foreclosures are going for around 300K for that size, (I think you will not see a voluntary sale at that price).

    I doubt there are any truly Voluntary home sales in Temecula valley at this point anyway (besides new homes that is).

    Less than an hour from the best beaches in Socal, little over an hour to downtown SD, or OC,

    Just my opinion but I think Temecula is probably the best Housing deal in the U.S.A. at the moment.

    That may change if SD follows at which point I will be looking to buy in SD.

    Anyway good luck,

    August 21, 2008 at 11:34 AM #259498
    peterb
    Participant

    Credit is unwinding at a furious pace and unemployment is rising about as fast as it ever has. Dont buy real estate right now unless there’s some compelling reason besides financial logic. Evidence is quickly starting to build that we’re getting over supply in commodities now and we’ve had it in durable goods for a while. Hang on to your money, we are headed for deflation in many other things besides just real estate now.

    Marc Faber, who’s been almost dead-on with his predictions for the last 8 years, said recently that he does not see any good and safe investment right now. That means cash is king. Even the US Peso is gaining now.

    August 21, 2008 at 11:34 AM #259691
    peterb
    Participant

    Credit is unwinding at a furious pace and unemployment is rising about as fast as it ever has. Dont buy real estate right now unless there’s some compelling reason besides financial logic. Evidence is quickly starting to build that we’re getting over supply in commodities now and we’ve had it in durable goods for a while. Hang on to your money, we are headed for deflation in many other things besides just real estate now.

    Marc Faber, who’s been almost dead-on with his predictions for the last 8 years, said recently that he does not see any good and safe investment right now. That means cash is king. Even the US Peso is gaining now.

    August 21, 2008 at 11:34 AM #259704
    peterb
    Participant

    Credit is unwinding at a furious pace and unemployment is rising about as fast as it ever has. Dont buy real estate right now unless there’s some compelling reason besides financial logic. Evidence is quickly starting to build that we’re getting over supply in commodities now and we’ve had it in durable goods for a while. Hang on to your money, we are headed for deflation in many other things besides just real estate now.

    Marc Faber, who’s been almost dead-on with his predictions for the last 8 years, said recently that he does not see any good and safe investment right now. That means cash is king. Even the US Peso is gaining now.

    August 21, 2008 at 11:34 AM #259752
    peterb
    Participant

    Credit is unwinding at a furious pace and unemployment is rising about as fast as it ever has. Dont buy real estate right now unless there’s some compelling reason besides financial logic. Evidence is quickly starting to build that we’re getting over supply in commodities now and we’ve had it in durable goods for a while. Hang on to your money, we are headed for deflation in many other things besides just real estate now.

    Marc Faber, who’s been almost dead-on with his predictions for the last 8 years, said recently that he does not see any good and safe investment right now. That means cash is king. Even the US Peso is gaining now.

    August 21, 2008 at 11:34 AM #259793
    peterb
    Participant

    Credit is unwinding at a furious pace and unemployment is rising about as fast as it ever has. Dont buy real estate right now unless there’s some compelling reason besides financial logic. Evidence is quickly starting to build that we’re getting over supply in commodities now and we’ve had it in durable goods for a while. Hang on to your money, we are headed for deflation in many other things besides just real estate now.

    Marc Faber, who’s been almost dead-on with his predictions for the last 8 years, said recently that he does not see any good and safe investment right now. That means cash is king. Even the US Peso is gaining now.

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