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jetonejet.
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October 28, 2008 at 4:58 PM #294839October 28, 2008 at 5:22 PM #294439
Nor-LA-SD-guy
ParticipantJust a quick word in line with TG’s about the TV.
All you have to do is cruise French Valley airport to know you have some serious money with some serious toys in the TV somewhere.
October 28, 2008 at 5:22 PM #294772ParticipantJust a quick word in line with TG’s about the TV.
All you have to do is cruise French Valley airport to know you have some serious money with some serious toys in the TV somewhere.
October 28, 2008 at 5:22 PM #294794ParticipantJust a quick word in line with TG’s about the TV.
All you have to do is cruise French Valley airport to know you have some serious money with some serious toys in the TV somewhere.
October 28, 2008 at 5:22 PM #294807ParticipantJust a quick word in line with TG’s about the TV.
All you have to do is cruise French Valley airport to know you have some serious money with some serious toys in the TV somewhere.
October 28, 2008 at 5:22 PM #294844ParticipantJust a quick word in line with TG’s about the TV.
All you have to do is cruise French Valley airport to know you have some serious money with some serious toys in the TV somewhere.
October 28, 2008 at 7:18 PM #294503jetonejet
ParticipantTG, First, Im sorry about the people of the dirt comment. That comment was in reference to my specific experience with some of the lake elsinore, perris, sun city, romoland crowd. I have no problems with Temecula and Murrieta, its a excellent place to raise a family. In fact I bought there. But after living there for 3 years, I began to hate a lot of things about the area, like the heat, traffic and the commute.
[quote=temeculaguy]jet, I never said there are no jobs in this valley, I said that more of the commuters travel South vs North, there was no mention that all temeculans are commuters. [/quote]
There was a story in the Pres Enterprise back in 2003 about the percentage of commuters, and I “recall” it being above 65 percent of all south Riverside cities commuted into SD or LA. I also recall it saying the majority of the few decent paying jobs that were local were construction, finance, or some retail. I agree from my experience of living there with those numbers.
Would you or would you not agree that the MAJORITY of incomes required to purchase a home in Temc or Murr must come from SD or LA?
If you agree with that, then by looking at the current employment (piggintons home page) and est unemployment numbers that are coming, Temc and Murr are in trouble.
What we bought those houses back in 1999 for, was priced high then, because there was a better outlook on jobs. In fact by the gauge of dead lawns and foreclosure signs, it looks really bad. When do you think the construction industy is going to make a come back to support all those families and house prices? Not anytime soon.
It is my conclustion that Temc and Murr booms were apart of SD boom from 1999 to 2007, and the majority of buyers were people priced out of the SD market. The majority of buyers were tied to construction and finance. Therefore why is there any reason for Temc and Murr to stabilize if SD prices are going down? I doubt it.
[quote=temeculaguy]How big was your house in 1999 when you paid 150k? I[/quote]
we bought a 2200 sq ft house in Grizzly Ridge for $155K and sold it in 2003 for $290K. Again the house and schools were great, but the neighbors were W.hisky T.ango and the heat was ridiculous. We bought again in 2003 in San Marcos and sold that in 2006 because we hated that area and suspected the market was about to take a dump. We are now renting in San Elijo Hills, a 2400 sq ft house, for $2350. Our kids are getting a top notch education and were letting of landlord take the hit. The area is still way overpriced to buy, and that is why Ill be renting well into 2010.
October 28, 2008 at 7:18 PM #294835ParticipantTG, First, Im sorry about the people of the dirt comment. That comment was in reference to my specific experience with some of the lake elsinore, perris, sun city, romoland crowd. I have no problems with Temecula and Murrieta, its a excellent place to raise a family. In fact I bought there. But after living there for 3 years, I began to hate a lot of things about the area, like the heat, traffic and the commute.
[quote=temeculaguy]jet, I never said there are no jobs in this valley, I said that more of the commuters travel South vs North, there was no mention that all temeculans are commuters. [/quote]
There was a story in the Pres Enterprise back in 2003 about the percentage of commuters, and I “recall” it being above 65 percent of all south Riverside cities commuted into SD or LA. I also recall it saying the majority of the few decent paying jobs that were local were construction, finance, or some retail. I agree from my experience of living there with those numbers.
Would you or would you not agree that the MAJORITY of incomes required to purchase a home in Temc or Murr must come from SD or LA?
If you agree with that, then by looking at the current employment (piggintons home page) and est unemployment numbers that are coming, Temc and Murr are in trouble.
What we bought those houses back in 1999 for, was priced high then, because there was a better outlook on jobs. In fact by the gauge of dead lawns and foreclosure signs, it looks really bad. When do you think the construction industy is going to make a come back to support all those families and house prices? Not anytime soon.
It is my conclustion that Temc and Murr booms were apart of SD boom from 1999 to 2007, and the majority of buyers were people priced out of the SD market. The majority of buyers were tied to construction and finance. Therefore why is there any reason for Temc and Murr to stabilize if SD prices are going down? I doubt it.
[quote=temeculaguy]How big was your house in 1999 when you paid 150k? I[/quote]
we bought a 2200 sq ft house in Grizzly Ridge for $155K and sold it in 2003 for $290K. Again the house and schools were great, but the neighbors were W.hisky T.ango and the heat was ridiculous. We bought again in 2003 in San Marcos and sold that in 2006 because we hated that area and suspected the market was about to take a dump. We are now renting in San Elijo Hills, a 2400 sq ft house, for $2350. Our kids are getting a top notch education and were letting of landlord take the hit. The area is still way overpriced to buy, and that is why Ill be renting well into 2010.
October 28, 2008 at 7:18 PM #294858ParticipantTG, First, Im sorry about the people of the dirt comment. That comment was in reference to my specific experience with some of the lake elsinore, perris, sun city, romoland crowd. I have no problems with Temecula and Murrieta, its a excellent place to raise a family. In fact I bought there. But after living there for 3 years, I began to hate a lot of things about the area, like the heat, traffic and the commute.
[quote=temeculaguy]jet, I never said there are no jobs in this valley, I said that more of the commuters travel South vs North, there was no mention that all temeculans are commuters. [/quote]
There was a story in the Pres Enterprise back in 2003 about the percentage of commuters, and I “recall” it being above 65 percent of all south Riverside cities commuted into SD or LA. I also recall it saying the majority of the few decent paying jobs that were local were construction, finance, or some retail. I agree from my experience of living there with those numbers.
Would you or would you not agree that the MAJORITY of incomes required to purchase a home in Temc or Murr must come from SD or LA?
If you agree with that, then by looking at the current employment (piggintons home page) and est unemployment numbers that are coming, Temc and Murr are in trouble.
What we bought those houses back in 1999 for, was priced high then, because there was a better outlook on jobs. In fact by the gauge of dead lawns and foreclosure signs, it looks really bad. When do you think the construction industy is going to make a come back to support all those families and house prices? Not anytime soon.
It is my conclustion that Temc and Murr booms were apart of SD boom from 1999 to 2007, and the majority of buyers were people priced out of the SD market. The majority of buyers were tied to construction and finance. Therefore why is there any reason for Temc and Murr to stabilize if SD prices are going down? I doubt it.
[quote=temeculaguy]How big was your house in 1999 when you paid 150k? I[/quote]
we bought a 2200 sq ft house in Grizzly Ridge for $155K and sold it in 2003 for $290K. Again the house and schools were great, but the neighbors were W.hisky T.ango and the heat was ridiculous. We bought again in 2003 in San Marcos and sold that in 2006 because we hated that area and suspected the market was about to take a dump. We are now renting in San Elijo Hills, a 2400 sq ft house, for $2350. Our kids are getting a top notch education and were letting of landlord take the hit. The area is still way overpriced to buy, and that is why Ill be renting well into 2010.
October 28, 2008 at 7:18 PM #294872ParticipantTG, First, Im sorry about the people of the dirt comment. That comment was in reference to my specific experience with some of the lake elsinore, perris, sun city, romoland crowd. I have no problems with Temecula and Murrieta, its a excellent place to raise a family. In fact I bought there. But after living there for 3 years, I began to hate a lot of things about the area, like the heat, traffic and the commute.
[quote=temeculaguy]jet, I never said there are no jobs in this valley, I said that more of the commuters travel South vs North, there was no mention that all temeculans are commuters. [/quote]
There was a story in the Pres Enterprise back in 2003 about the percentage of commuters, and I “recall” it being above 65 percent of all south Riverside cities commuted into SD or LA. I also recall it saying the majority of the few decent paying jobs that were local were construction, finance, or some retail. I agree from my experience of living there with those numbers.
Would you or would you not agree that the MAJORITY of incomes required to purchase a home in Temc or Murr must come from SD or LA?
If you agree with that, then by looking at the current employment (piggintons home page) and est unemployment numbers that are coming, Temc and Murr are in trouble.
What we bought those houses back in 1999 for, was priced high then, because there was a better outlook on jobs. In fact by the gauge of dead lawns and foreclosure signs, it looks really bad. When do you think the construction industy is going to make a come back to support all those families and house prices? Not anytime soon.
It is my conclustion that Temc and Murr booms were apart of SD boom from 1999 to 2007, and the majority of buyers were people priced out of the SD market. The majority of buyers were tied to construction and finance. Therefore why is there any reason for Temc and Murr to stabilize if SD prices are going down? I doubt it.
[quote=temeculaguy]How big was your house in 1999 when you paid 150k? I[/quote]
we bought a 2200 sq ft house in Grizzly Ridge for $155K and sold it in 2003 for $290K. Again the house and schools were great, but the neighbors were W.hisky T.ango and the heat was ridiculous. We bought again in 2003 in San Marcos and sold that in 2006 because we hated that area and suspected the market was about to take a dump. We are now renting in San Elijo Hills, a 2400 sq ft house, for $2350. Our kids are getting a top notch education and were letting of landlord take the hit. The area is still way overpriced to buy, and that is why Ill be renting well into 2010.
October 28, 2008 at 7:18 PM #294908ParticipantTG, First, Im sorry about the people of the dirt comment. That comment was in reference to my specific experience with some of the lake elsinore, perris, sun city, romoland crowd. I have no problems with Temecula and Murrieta, its a excellent place to raise a family. In fact I bought there. But after living there for 3 years, I began to hate a lot of things about the area, like the heat, traffic and the commute.
[quote=temeculaguy]jet, I never said there are no jobs in this valley, I said that more of the commuters travel South vs North, there was no mention that all temeculans are commuters. [/quote]
There was a story in the Pres Enterprise back in 2003 about the percentage of commuters, and I “recall” it being above 65 percent of all south Riverside cities commuted into SD or LA. I also recall it saying the majority of the few decent paying jobs that were local were construction, finance, or some retail. I agree from my experience of living there with those numbers.
Would you or would you not agree that the MAJORITY of incomes required to purchase a home in Temc or Murr must come from SD or LA?
If you agree with that, then by looking at the current employment (piggintons home page) and est unemployment numbers that are coming, Temc and Murr are in trouble.
What we bought those houses back in 1999 for, was priced high then, because there was a better outlook on jobs. In fact by the gauge of dead lawns and foreclosure signs, it looks really bad. When do you think the construction industy is going to make a come back to support all those families and house prices? Not anytime soon.
It is my conclustion that Temc and Murr booms were apart of SD boom from 1999 to 2007, and the majority of buyers were people priced out of the SD market. The majority of buyers were tied to construction and finance. Therefore why is there any reason for Temc and Murr to stabilize if SD prices are going down? I doubt it.
[quote=temeculaguy]How big was your house in 1999 when you paid 150k? I[/quote]
we bought a 2200 sq ft house in Grizzly Ridge for $155K and sold it in 2003 for $290K. Again the house and schools were great, but the neighbors were W.hisky T.ango and the heat was ridiculous. We bought again in 2003 in San Marcos and sold that in 2006 because we hated that area and suspected the market was about to take a dump. We are now renting in San Elijo Hills, a 2400 sq ft house, for $2350. Our kids are getting a top notch education and were letting of landlord take the hit. The area is still way overpriced to buy, and that is why Ill be renting well into 2010.
October 28, 2008 at 9:16 PM #294527temeculaguy
Participantjet, apology accepted, and my apologies for jumping you. I can honestly say that at least my hood on the south side is going through a bit of a change demographics wise. Your theory makes sense but it isn’t fleshing out. Myself and others looking to be in Temecula proper, near golf courses or wineries are finding the brown lawners arent going to investors, white trash, gang members or hardcore commuters. I thought it might and have been hitting the new foreclosure listings with cash in hand (but only specific neighborhoods and not on the outskirts or outside city limits). I’m running up against young retirees (who seem to be choosing it over leaving the state) and work at home, telecommuter types who don’t need to live anywhere particular and arent 9-5ers. Funny thing is the harcore commuters, whisky tango, construction people, r/e people are the ones packing up. One that I was very close on and one of the final two biddrs was a gardner with minimal command of the english language, stay at home wife with a toxic loan for a 600k and a house now worth 300k. Who beat me? A couple in their mid 50’s, driving a new 7 series BMW and paying all cash, asking for no closing costs, I wouldn’t match and the bank took the short, their offer not mine. I hoped that was just one incident, but it has happened three times in thirty days, they just keep coming. They are the types that would have moved to arizona or texas in past years, not quite ready to fully retire or move far from the grandkids and it isn’t as hot with more golf, casino’s and wineries. Bearvine has posted his theory about something like this and I didn’t think it was enough of a crowd but I and a few others are getting beat up on our lowballs. Hell I went full price on two of the three within 24 hours of the listing and still got beat.
Hats off to your finding what you want, I wish you well and hope it comes down to the price that makes sense to buy, until then you are doing the right thing because the rent to purchase ratio is out of whack there. That is not the case here any longer or at least it’s real close. For me it’s not about where, I’m nearing 20 years here, my life is here, I spend less than $20 a month on gasoline, so it makes no sense for me to wait out S.D. and it’s stubborness just for the weather and even if i could i don’t want to, i’m alowed to like it here. I am within striking distance, my new goal is to get a primary 3000 sq fter in redhwak with a view in a good tract for sub 300k and maybe one or two rentals that are cash positive, i’ll spread the three purchases over the next 24 months and in 10 years, things will have recovered and even if they stay the same or just track inflation from here, I’ll be cool. As soon as I can get all these cash flush clowns from coming here until after I’m settled in.
October 28, 2008 at 9:16 PM #294860Participantjet, apology accepted, and my apologies for jumping you. I can honestly say that at least my hood on the south side is going through a bit of a change demographics wise. Your theory makes sense but it isn’t fleshing out. Myself and others looking to be in Temecula proper, near golf courses or wineries are finding the brown lawners arent going to investors, white trash, gang members or hardcore commuters. I thought it might and have been hitting the new foreclosure listings with cash in hand (but only specific neighborhoods and not on the outskirts or outside city limits). I’m running up against young retirees (who seem to be choosing it over leaving the state) and work at home, telecommuter types who don’t need to live anywhere particular and arent 9-5ers. Funny thing is the harcore commuters, whisky tango, construction people, r/e people are the ones packing up. One that I was very close on and one of the final two biddrs was a gardner with minimal command of the english language, stay at home wife with a toxic loan for a 600k and a house now worth 300k. Who beat me? A couple in their mid 50’s, driving a new 7 series BMW and paying all cash, asking for no closing costs, I wouldn’t match and the bank took the short, their offer not mine. I hoped that was just one incident, but it has happened three times in thirty days, they just keep coming. They are the types that would have moved to arizona or texas in past years, not quite ready to fully retire or move far from the grandkids and it isn’t as hot with more golf, casino’s and wineries. Bearvine has posted his theory about something like this and I didn’t think it was enough of a crowd but I and a few others are getting beat up on our lowballs. Hell I went full price on two of the three within 24 hours of the listing and still got beat.
Hats off to your finding what you want, I wish you well and hope it comes down to the price that makes sense to buy, until then you are doing the right thing because the rent to purchase ratio is out of whack there. That is not the case here any longer or at least it’s real close. For me it’s not about where, I’m nearing 20 years here, my life is here, I spend less than $20 a month on gasoline, so it makes no sense for me to wait out S.D. and it’s stubborness just for the weather and even if i could i don’t want to, i’m alowed to like it here. I am within striking distance, my new goal is to get a primary 3000 sq fter in redhwak with a view in a good tract for sub 300k and maybe one or two rentals that are cash positive, i’ll spread the three purchases over the next 24 months and in 10 years, things will have recovered and even if they stay the same or just track inflation from here, I’ll be cool. As soon as I can get all these cash flush clowns from coming here until after I’m settled in.
October 28, 2008 at 9:16 PM #294884Participantjet, apology accepted, and my apologies for jumping you. I can honestly say that at least my hood on the south side is going through a bit of a change demographics wise. Your theory makes sense but it isn’t fleshing out. Myself and others looking to be in Temecula proper, near golf courses or wineries are finding the brown lawners arent going to investors, white trash, gang members or hardcore commuters. I thought it might and have been hitting the new foreclosure listings with cash in hand (but only specific neighborhoods and not on the outskirts or outside city limits). I’m running up against young retirees (who seem to be choosing it over leaving the state) and work at home, telecommuter types who don’t need to live anywhere particular and arent 9-5ers. Funny thing is the harcore commuters, whisky tango, construction people, r/e people are the ones packing up. One that I was very close on and one of the final two biddrs was a gardner with minimal command of the english language, stay at home wife with a toxic loan for a 600k and a house now worth 300k. Who beat me? A couple in their mid 50’s, driving a new 7 series BMW and paying all cash, asking for no closing costs, I wouldn’t match and the bank took the short, their offer not mine. I hoped that was just one incident, but it has happened three times in thirty days, they just keep coming. They are the types that would have moved to arizona or texas in past years, not quite ready to fully retire or move far from the grandkids and it isn’t as hot with more golf, casino’s and wineries. Bearvine has posted his theory about something like this and I didn’t think it was enough of a crowd but I and a few others are getting beat up on our lowballs. Hell I went full price on two of the three within 24 hours of the listing and still got beat.
Hats off to your finding what you want, I wish you well and hope it comes down to the price that makes sense to buy, until then you are doing the right thing because the rent to purchase ratio is out of whack there. That is not the case here any longer or at least it’s real close. For me it’s not about where, I’m nearing 20 years here, my life is here, I spend less than $20 a month on gasoline, so it makes no sense for me to wait out S.D. and it’s stubborness just for the weather and even if i could i don’t want to, i’m alowed to like it here. I am within striking distance, my new goal is to get a primary 3000 sq fter in redhwak with a view in a good tract for sub 300k and maybe one or two rentals that are cash positive, i’ll spread the three purchases over the next 24 months and in 10 years, things will have recovered and even if they stay the same or just track inflation from here, I’ll be cool. As soon as I can get all these cash flush clowns from coming here until after I’m settled in.
October 28, 2008 at 9:16 PM #294896Participantjet, apology accepted, and my apologies for jumping you. I can honestly say that at least my hood on the south side is going through a bit of a change demographics wise. Your theory makes sense but it isn’t fleshing out. Myself and others looking to be in Temecula proper, near golf courses or wineries are finding the brown lawners arent going to investors, white trash, gang members or hardcore commuters. I thought it might and have been hitting the new foreclosure listings with cash in hand (but only specific neighborhoods and not on the outskirts or outside city limits). I’m running up against young retirees (who seem to be choosing it over leaving the state) and work at home, telecommuter types who don’t need to live anywhere particular and arent 9-5ers. Funny thing is the harcore commuters, whisky tango, construction people, r/e people are the ones packing up. One that I was very close on and one of the final two biddrs was a gardner with minimal command of the english language, stay at home wife with a toxic loan for a 600k and a house now worth 300k. Who beat me? A couple in their mid 50’s, driving a new 7 series BMW and paying all cash, asking for no closing costs, I wouldn’t match and the bank took the short, their offer not mine. I hoped that was just one incident, but it has happened three times in thirty days, they just keep coming. They are the types that would have moved to arizona or texas in past years, not quite ready to fully retire or move far from the grandkids and it isn’t as hot with more golf, casino’s and wineries. Bearvine has posted his theory about something like this and I didn’t think it was enough of a crowd but I and a few others are getting beat up on our lowballs. Hell I went full price on two of the three within 24 hours of the listing and still got beat.
Hats off to your finding what you want, I wish you well and hope it comes down to the price that makes sense to buy, until then you are doing the right thing because the rent to purchase ratio is out of whack there. That is not the case here any longer or at least it’s real close. For me it’s not about where, I’m nearing 20 years here, my life is here, I spend less than $20 a month on gasoline, so it makes no sense for me to wait out S.D. and it’s stubborness just for the weather and even if i could i don’t want to, i’m alowed to like it here. I am within striking distance, my new goal is to get a primary 3000 sq fter in redhwak with a view in a good tract for sub 300k and maybe one or two rentals that are cash positive, i’ll spread the three purchases over the next 24 months and in 10 years, things will have recovered and even if they stay the same or just track inflation from here, I’ll be cool. As soon as I can get all these cash flush clowns from coming here until after I’m settled in.
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