I can see the whites of their eyes

[Anonymous]

TG is dialed in on his area. Riverside is a different universe compared to San Diego county. They are light years ahead in the decline of real estate values. At $100(or less) per square foot and 2001(or earlier) prices, that sounds pretty good. Is $75 a square foot going to happen in a desirable section of Temecula?

From the beginning, I’ve always thought prices were headed back to the 2001 level. Wacky financing started in 2002 and income hasn’t increased. Take away the wacky financing, I figured prices would work their way down to a level where people could actually afford a real payment.

Another poster asked about the San Diego decline % in the next 6 months. San Diego has so many pockets that you need to follow TG’s approach and be one with the pocket of San Diego that you are interested in.

[cashflow]

TG, you’re jumping in…I knew you were up to something as you’ve been pretty quiet on here lately!

We too have been busy looking up there, but I believe we’ve decided to focus efforts on Meadowview. Just waiting for that perfect repo to pop up.

I’m surprised by your comments that ‘no one’s looking’…I’ve seen the opposite in Meadowview, with lots of movement and offers, so let me know how it goes and if really things are finally slowing down up there. We will never get into a multiple bidding situation…just don’t like it, so we’ve been waiting to see if it would slow down a bit around there….let me know what you think!

[cashflow]

TG, you’re jumping in…I knew you were up to something as you’ve been pretty quiet on here lately!

We too have been busy looking up there, but I believe we’ve decided to focus efforts on Meadowview. Just waiting for that perfect repo to pop up.

I’m surprised by your comments that ‘no one’s looking’…I’ve seen the opposite in Meadowview, with lots of movement and offers, so let me know how it goes and if really things are finally slowing down up there. We will never get into a multiple bidding situation…just don’t like it, so we’ve been waiting to see if it would slow down a bit around there….let me know what you think!

[cashflow]

TG, you’re jumping in…I knew you were up to something as you’ve been pretty quiet on here lately!

We too have been busy looking up there, but I believe we’ve decided to focus efforts on Meadowview. Just waiting for that perfect repo to pop up.

I’m surprised by your comments that ‘no one’s looking’…I’ve seen the opposite in Meadowview, with lots of movement and offers, so let me know how it goes and if really things are finally slowing down up there. We will never get into a multiple bidding situation…just don’t like it, so we’ve been waiting to see if it would slow down a bit around there….let me know what you think!

[cashflow]

TG, you’re jumping in…I knew you were up to something as you’ve been pretty quiet on here lately!

We too have been busy looking up there, but I believe we’ve decided to focus efforts on Meadowview. Just waiting for that perfect repo to pop up.

I’m surprised by your comments that ‘no one’s looking’…I’ve seen the opposite in Meadowview, with lots of movement and offers, so let me know how it goes and if really things are finally slowing down up there. We will never get into a multiple bidding situation…just don’t like it, so we’ve been waiting to see if it would slow down a bit around there….let me know what you think!

[cashflow]

TG, you’re jumping in…I knew you were up to something as you’ve been pretty quiet on here lately!

We too have been busy looking up there, but I believe we’ve decided to focus efforts on Meadowview. Just waiting for that perfect repo to pop up.

I’m surprised by your comments that ‘no one’s looking’…I’ve seen the opposite in Meadowview, with lots of movement and offers, so let me know how it goes and if really things are finally slowing down up there. We will never get into a multiple bidding situation…just don’t like it, so we’ve been waiting to see if it would slow down a bit around there….let me know what you think!

[moneymaker]

Is it possible to buy new in Temecula with 3-5% down and no mellow ru’s?

[moneymaker]

Is it possible to buy new in Temecula with 3-5% down and no mellow ru’s?

[moneymaker]

Is it possible to buy new in Temecula with 3-5% down and no mellow ru’s?

[moneymaker]

Is it possible to buy new in Temecula with 3-5% down and no mellow ru’s?

[moneymaker]

Is it possible to buy new in Temecula with 3-5% down and no mellow ru’s?

[moneymaker]

Is it possible to buy new in Temecula with 3-5% down and no mellow ru’s?

[(former)FormerSanDiegan]

[quote=peterb]Basic economics should be more respected here and I think this is why our country is in such trouble. From Wall Street to main street.
…

Rationalizing the reasons and logic is all well and fine…it’s a home, rents will cover PITI, prices cant get too much lower, etc… Are all just that, rationalizations not logical analysis.

[/quote]

Funny, I always thought that basing a decision on fundamentals (such as rents relative to price and income) was logical and following basic economics.

One should not assume that because property in Temecula has depreciated by 40% over the past three years, that that trend will continue indefinitely. Basing a decision on anticipated future direction, rather than comparison to rent and one’s income is exactly what got us into this mess.

[(former)FormerSanDiegan]

[quote=peterb]Basic economics should be more respected here and I think this is why our country is in such trouble. From Wall Street to main street.
…

Rationalizing the reasons and logic is all well and fine…it’s a home, rents will cover PITI, prices cant get too much lower, etc… Are all just that, rationalizations not logical analysis.

[/quote]

Funny, I always thought that basing a decision on fundamentals (such as rents relative to price and income) was logical and following basic economics.

One should not assume that because property in Temecula has depreciated by 40% over the past three years, that that trend will continue indefinitely. Basing a decision on anticipated future direction, rather than comparison to rent and one’s income is exactly what got us into this mess.

[(former)FormerSanDiegan]

[quote=peterb]Basic economics should be more respected here and I think this is why our country is in such trouble. From Wall Street to main street.
…

Rationalizing the reasons and logic is all well and fine…it’s a home, rents will cover PITI, prices cant get too much lower, etc… Are all just that, rationalizations not logical analysis.

[/quote]

Funny, I always thought that basing a decision on fundamentals (such as rents relative to price and income) was logical and following basic economics.

One should not assume that because property in Temecula has depreciated by 40% over the past three years, that that trend will continue indefinitely. Basing a decision on anticipated future direction, rather than comparison to rent and one’s income is exactly what got us into this mess.

[Author]

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