Is Temecula a good LT investment?

[dharmagirl]

My husband and I have a running debate: Temecula or North SD Cty (San Elijo Hills, Hidden Meadows or Shadowridge)?

His take: we can buy a decent, inexpensive home, lower taxes, pool, maybe on a golf course, with a very reasonable commute for both of our jobs. He thinks I’m “overthinking” real estate and that if we buy an affordable house, we’ll just ride out this period and it will pick up again.

My take: do the dropping prices mean that investors will snap up tract homes, turn them into rentals, thereby making some communities more vulnerable to crime and other misdeeds? I dont want to live in a place that could “go bad.”

I realize that San Diego Cty is hardly without its problems, but my guess is that maybe 25% of the homes in the last 7 years were new homes, purchsed with $0 down and funky loans. It’s more established with mature infrastructure.

Temecula, on the other hand, may be reverse: 80% of the SFRs may be new homes since about 2001, purchased with funky loans, by owners with little to no equity.

I want to find a place to live that I like that will ALSO be a good 7-10 year investment. Seeing prices drop by 40% or more in one year scares the heck out of me.

Am I looking at this all the wrong way?

If you had the proverbial gun to your head, and someone said “Choose right now, Piggie: San Elijo Hills or Temecula” – which would you choose (based on a longer term outlook)?

I hope I’m making sense….

[sd-maybe]

The selling agents that specialize in SEH have advised (or ill-advised) their clients that mid 600’s is the “sweet spot” they should stick with. It needs to give another 15-20% before I would consider it, does anyone see this kind of drop in this area?

[sd-maybe]

The selling agents that specialize in SEH have advised (or ill-advised) their clients that mid 600’s is the “sweet spot” they should stick with. It needs to give another 15-20% before I would consider it, does anyone see this kind of drop in this area?

[sd-maybe]

The selling agents that specialize in SEH have advised (or ill-advised) their clients that mid 600’s is the “sweet spot” they should stick with. It needs to give another 15-20% before I would consider it, does anyone see this kind of drop in this area?

[sd-maybe]

The selling agents that specialize in SEH have advised (or ill-advised) their clients that mid 600’s is the “sweet spot” they should stick with. It needs to give another 15-20% before I would consider it, does anyone see this kind of drop in this area?

[sd-maybe]

The selling agents that specialize in SEH have advised (or ill-advised) their clients that mid 600’s is the “sweet spot” they should stick with. It needs to give another 15-20% before I would consider it, does anyone see this kind of drop in this area?

[Ren]

I have a very similar question. My wife and I are 90% decided on buying in Temecula this winter. We first want a newer 4/2.5 like this one:
http://www.redfin.com/stingray/do/printable-listing?listing-id=1566749

But closer to $100-$110 sq ft (is that a reasonable price for something like that?). A year or so after that, when we suspect prices will be even lower, we’ll buy a 5/3 (maybe with a pool), and turn the first one into a rental. We have 20% down for both.

I’m wondering if even the neighborhoods built in 2003 and later will “go bad”. We’ve seen them and they honestly look great – it’s hard to imagine them going to hell…

[Ren]

I have a very similar question. My wife and I are 90% decided on buying in Temecula this winter. We first want a newer 4/2.5 like this one:
http://www.redfin.com/stingray/do/printable-listing?listing-id=1566749

But closer to $100-$110 sq ft (is that a reasonable price for something like that?). A year or so after that, when we suspect prices will be even lower, we’ll buy a 5/3 (maybe with a pool), and turn the first one into a rental. We have 20% down for both.

I’m wondering if even the neighborhoods built in 2003 and later will “go bad”. We’ve seen them and they honestly look great – it’s hard to imagine them going to hell…

[Ren]

I have a very similar question. My wife and I are 90% decided on buying in Temecula this winter. We first want a newer 4/2.5 like this one:
http://www.redfin.com/stingray/do/printable-listing?listing-id=1566749

But closer to $100-$110 sq ft (is that a reasonable price for something like that?). A year or so after that, when we suspect prices will be even lower, we’ll buy a 5/3 (maybe with a pool), and turn the first one into a rental. We have 20% down for both.

I’m wondering if even the neighborhoods built in 2003 and later will “go bad”. We’ve seen them and they honestly look great – it’s hard to imagine them going to hell…

[Ren]

I have a very similar question. My wife and I are 90% decided on buying in Temecula this winter. We first want a newer 4/2.5 like this one:
http://www.redfin.com/stingray/do/printable-listing?listing-id=1566749

But closer to $100-$110 sq ft (is that a reasonable price for something like that?). A year or so after that, when we suspect prices will be even lower, we’ll buy a 5/3 (maybe with a pool), and turn the first one into a rental. We have 20% down for both.

I’m wondering if even the neighborhoods built in 2003 and later will “go bad”. We’ve seen them and they honestly look great – it’s hard to imagine them going to hell…

[Ren]

I have a very similar question. My wife and I are 90% decided on buying in Temecula this winter. We first want a newer 4/2.5 like this one:
http://www.redfin.com/stingray/do/printable-listing?listing-id=1566749

But closer to $100-$110 sq ft (is that a reasonable price for something like that?). A year or so after that, when we suspect prices will be even lower, we’ll buy a 5/3 (maybe with a pool), and turn the first one into a rental. We have 20% down for both.

I’m wondering if even the neighborhoods built in 2003 and later will “go bad”. We’ve seen them and they honestly look great – it’s hard to imagine them going to hell…

[blahblahblah]

Is Temecula a good LT investment?

That will all depend on how well they secure their gasoline supplies…

[blahblahblah]

Is Temecula a good LT investment?

That will all depend on how well they secure their gasoline supplies…

[blahblahblah]

Is Temecula a good LT investment?

That will all depend on how well they secure their gasoline supplies…

[blahblahblah]

Is Temecula a good LT investment?

That will all depend on how well they secure their gasoline supplies…

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