Huge amount of Temecula area REO’s

[Ex-SD]

Prices are nowhere near the bottom yet in Temecula.
There was a poster on here several days ago who had posted last year that he was being pressured by his wife to buy in Temecula. Many (and I mean, MANY) of us told him NOT to do it. He bought and now, he and his wife are living in 1900 sq ft and a he can buy a 3200 sq ft home for less money. Do you want to wind up like them?
See the thread: http://piggington.com/harveston_down_the_drain

Wait until next January and see where the prices are and how things are trending before you throw your money down the toilet and are stuck with a depreciating asset. I’m in the camp that believes the bottom won’t really hit until around 2012 but even if I’m wrong and it comes earlier to Temecula, prices are definitely NOT going to shoot back up overnight, nor will there be a lack of inventory to choose from for years. Time is on the side of the buyers…….IN SPADES! Rent, relax and take your time to see where all of this is headed.

[svelte]

We did the wine tasting loop in the Temecula wine country this weekend. I couldn’t believe the number of for sale signs on glenoakes and de portola roads.

It was over the top.

[svelte]

We did the wine tasting loop in the Temecula wine country this weekend. I couldn’t believe the number of for sale signs on glenoakes and de portola roads.

It was over the top.

[svelte]

We did the wine tasting loop in the Temecula wine country this weekend. I couldn’t believe the number of for sale signs on glenoakes and de portola roads.

It was over the top.

[svelte]

We did the wine tasting loop in the Temecula wine country this weekend. I couldn’t believe the number of for sale signs on glenoakes and de portola roads.

It was over the top.

[svelte]

We did the wine tasting loop in the Temecula wine country this weekend. I couldn’t believe the number of for sale signs on glenoakes and de portola roads.

It was over the top.

[Nor-LA-SD-guy]

Nor-La-SD-Guy

I am in the camp that thinks when it becomes cash flow neutral for investors to put down 20% and a 30 year mortgage, That will be about the bottom for any given area, given that I think Temecula will bottom out sooner than most areas. But at the same time it’s not going to rocket up over night either (unless something unforeseen happens like hyper inflation or something).

Me I pull the trigger already (got a new place for 108 SQF all the upgrades you could want with a nice view and the back yard is the national forest). .

Maybe it will go lower, who knows but I am happy with what I got and am not going anywhere for maybe 15 or so years.

[Nor-LA-SD-guy]

Nor-La-SD-Guy

I am in the camp that thinks when it becomes cash flow neutral for investors to put down 20% and a 30 year mortgage, That will be about the bottom for any given area, given that I think Temecula will bottom out sooner than most areas. But at the same time it’s not going to rocket up over night either (unless something unforeseen happens like hyper inflation or something).

Me I pull the trigger already (got a new place for 108 SQF all the upgrades you could want with a nice view and the back yard is the national forest). .

Maybe it will go lower, who knows but I am happy with what I got and am not going anywhere for maybe 15 or so years.

[Nor-LA-SD-guy]

Nor-La-SD-Guy

I am in the camp that thinks when it becomes cash flow neutral for investors to put down 20% and a 30 year mortgage, That will be about the bottom for any given area, given that I think Temecula will bottom out sooner than most areas. But at the same time it’s not going to rocket up over night either (unless something unforeseen happens like hyper inflation or something).

Me I pull the trigger already (got a new place for 108 SQF all the upgrades you could want with a nice view and the back yard is the national forest). .

Maybe it will go lower, who knows but I am happy with what I got and am not going anywhere for maybe 15 or so years.

[Nor-LA-SD-guy]

Nor-La-SD-Guy

I am in the camp that thinks when it becomes cash flow neutral for investors to put down 20% and a 30 year mortgage, That will be about the bottom for any given area, given that I think Temecula will bottom out sooner than most areas. But at the same time it’s not going to rocket up over night either (unless something unforeseen happens like hyper inflation or something).

Me I pull the trigger already (got a new place for 108 SQF all the upgrades you could want with a nice view and the back yard is the national forest). .

Maybe it will go lower, who knows but I am happy with what I got and am not going anywhere for maybe 15 or so years.

[Nor-LA-SD-guy]

Nor-La-SD-Guy

I am in the camp that thinks when it becomes cash flow neutral for investors to put down 20% and a 30 year mortgage, That will be about the bottom for any given area, given that I think Temecula will bottom out sooner than most areas. But at the same time it’s not going to rocket up over night either (unless something unforeseen happens like hyper inflation or something).

Me I pull the trigger already (got a new place for 108 SQF all the upgrades you could want with a nice view and the back yard is the national forest). .

Maybe it will go lower, who knows but I am happy with what I got and am not going anywhere for maybe 15 or so years.

[snail]

BearVine,
don’t worry, I saved your quote dated:
October, 2007
Morgan Hill @75/sq.ft ($300K for 4000 sqft)
I saved it because there were some that disagreed, so we should wait and revisit again in November 2008. Be patient.

[snail]

BearVine,
don’t worry, I saved your quote dated:
October, 2007
Morgan Hill @75/sq.ft ($300K for 4000 sqft)
I saved it because there were some that disagreed, so we should wait and revisit again in November 2008. Be patient.

[snail]

BearVine,
don’t worry, I saved your quote dated:
October, 2007
Morgan Hill @75/sq.ft ($300K for 4000 sqft)
I saved it because there were some that disagreed, so we should wait and revisit again in November 2008. Be patient.

[snail]

BearVine,
don’t worry, I saved your quote dated:
October, 2007
Morgan Hill @75/sq.ft ($300K for 4000 sqft)
I saved it because there were some that disagreed, so we should wait and revisit again in November 2008. Be patient.

[Author]

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