irrational fear?; spouse wants house…

[temeculaguy]

jet, 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.

[peterb]

Well, I went all cash in early 2007. Sold all my SD RE. This was based on reviewing the data these guys were using. Best RE decision I ever made. And it looks better with every month that I see more of their predictions accurately unfolding. most seasoned investor will tell you the toughest rule to learn is knowing when to leave the party. When RE starts to rise, it’s a pretty easy call. But it’s tough to get out when you’re used to the easy money it’s making. As far as purchasing now…bottom fishing can be a very expensive hobby.

[peterb]

Well, I went all cash in early 2007. Sold all my SD RE. This was based on reviewing the data these guys were using. Best RE decision I ever made. And it looks better with every month that I see more of their predictions accurately unfolding. most seasoned investor will tell you the toughest rule to learn is knowing when to leave the party. When RE starts to rise, it’s a pretty easy call. But it’s tough to get out when you’re used to the easy money it’s making. As far as purchasing now…bottom fishing can be a very expensive hobby.

[peterb]

Well, I went all cash in early 2007. Sold all my SD RE. This was based on reviewing the data these guys were using. Best RE decision I ever made. And it looks better with every month that I see more of their predictions accurately unfolding. most seasoned investor will tell you the toughest rule to learn is knowing when to leave the party. When RE starts to rise, it’s a pretty easy call. But it’s tough to get out when you’re used to the easy money it’s making. As far as purchasing now…bottom fishing can be a very expensive hobby.

[peterb]

Well, I went all cash in early 2007. Sold all my SD RE. This was based on reviewing the data these guys were using. Best RE decision I ever made. And it looks better with every month that I see more of their predictions accurately unfolding. most seasoned investor will tell you the toughest rule to learn is knowing when to leave the party. When RE starts to rise, it’s a pretty easy call. But it’s tough to get out when you’re used to the easy money it’s making. As far as purchasing now…bottom fishing can be a very expensive hobby.

[peterb]

Well, I went all cash in early 2007. Sold all my SD RE. This was based on reviewing the data these guys were using. Best RE decision I ever made. And it looks better with every month that I see more of their predictions accurately unfolding. most seasoned investor will tell you the toughest rule to learn is knowing when to leave the party. When RE starts to rise, it’s a pretty easy call. But it’s tough to get out when you’re used to the easy money it’s making. As far as purchasing now…bottom fishing can be a very expensive hobby.

[bake]

when you find that sure thing please let me know scaredycat! i want my my home to be a great place to live at a price that makes sense (pretty much what i could rent it for, per previous post). now i have quality of life, a happy wife, and between paying down principal and eventual appreciation, it will almost certainly be a darn good long term investment.

but if it’s not what have you lost, you have to live somewhere and pay something!

[bake]

when you find that sure thing please let me know scaredycat! i want my my home to be a great place to live at a price that makes sense (pretty much what i could rent it for, per previous post). now i have quality of life, a happy wife, and between paying down principal and eventual appreciation, it will almost certainly be a darn good long term investment.

but if it’s not what have you lost, you have to live somewhere and pay something!

[bake]

when you find that sure thing please let me know scaredycat! i want my my home to be a great place to live at a price that makes sense (pretty much what i could rent it for, per previous post). now i have quality of life, a happy wife, and between paying down principal and eventual appreciation, it will almost certainly be a darn good long term investment.

but if it’s not what have you lost, you have to live somewhere and pay something!

[bake]

when you find that sure thing please let me know scaredycat! i want my my home to be a great place to live at a price that makes sense (pretty much what i could rent it for, per previous post). now i have quality of life, a happy wife, and between paying down principal and eventual appreciation, it will almost certainly be a darn good long term investment.

but if it’s not what have you lost, you have to live somewhere and pay something!

[bake]

when you find that sure thing please let me know scaredycat! i want my my home to be a great place to live at a price that makes sense (pretty much what i could rent it for, per previous post). now i have quality of life, a happy wife, and between paying down principal and eventual appreciation, it will almost certainly be a darn good long term investment.

but if it’s not what have you lost, you have to live somewhere and pay something!

[peterb]

It sounds like a decent home in Temecula is going for about $90 to $100/sqft? If this is correct, then time will tell.
My thesis is that 2009 will be an absolutely terrible year for CA real estate. I’ll check back in about this time next year for an update.

[peterb]

It sounds like a decent home in Temecula is going for about $90 to $100/sqft? If this is correct, then time will tell.
My thesis is that 2009 will be an absolutely terrible year for CA real estate. I’ll check back in about this time next year for an update.

[peterb]

It sounds like a decent home in Temecula is going for about $90 to $100/sqft? If this is correct, then time will tell.
My thesis is that 2009 will be an absolutely terrible year for CA real estate. I’ll check back in about this time next year for an update.

[peterb]

It sounds like a decent home in Temecula is going for about $90 to $100/sqft? If this is correct, then time will tell.
My thesis is that 2009 will be an absolutely terrible year for CA real estate. I’ll check back in about this time next year for an update.

[Author]

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