WOW! if you are right and this is only worth 300K then at least half of the people in murrieta/temecula never mind Hemit, Wildomar and French Valley they are all upside down and by 100’s of thousands of dollars. Are you guy’s sure about this? this is going to get very, very ugly!
During the RTC days (1989-92) much of San Bernardino & Riverside RE was resolved at 40 cents on $. Interior (San Joaquin valley, Arizona – yes that includes Phoenix) was resolved many times at 20c on $. Perfectly nice homes had no takers at 40K & 60K sometimes (bought at 150K – 200K). History repeats. Read my post on "This isn't the 90's" thread. That is from 1906.
During the RTC days (1989-92) much of San Bernardino & Riverside RE was resolved at 40 cents on $. Interior (San Joaquin valley, Arizona – yes that includes Phoenix) was resolved many times at 20c on $. Perfectly nice homes had no takers at 40K & 60K sometimes (bought at 150K – 200K). History repeats. Read my post on "This isn't the 90's" thread. That is from 1906.
During the RTC days (1989-92) much of San Bernardino & Riverside RE was resolved at 40 cents on $. Interior (San Joaquin valley, Arizona – yes that includes Phoenix) was resolved many times at 20c on $. Perfectly nice homes had no takers at 40K & 60K sometimes (bought at 150K – 200K). History repeats. Read my post on "This isn't the 90's" thread. That is from 1906.
Hey Temecula Guy, what happened here? looks like this one went into escrow!!! this is probably due to the exposure we gave it on Piggingtons, some investor er (sucker) must have seen it and ran over there thinking there getting a deal, would you agree this is worth at the mose 350K, it backs to the old school townhomes on murrieta hot springs.
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