Is Temecula a good LT investment?

[Anonymous]

Sorry, I forgot the earlier link:

http://www.sanmarcosteam.com/page.cfm?page=HomeDetailListing&id=526343

Just one example of prices in San Marcos. This home has been for sale at least two years now, and started in the low 700s! There are at least 50k of inside upgrades, and the yard was at least 40k too.

[Anonymous]

If that concerns you, why not follow a new development that is just starting to sell to owners with more stringently underwritten loans, and buy when it is about to sell out.

[Anonymous]

If that concerns you, why not follow a new development that is just starting to sell to owners with more stringently underwritten loans, and buy when it is about to sell out.

[Anonymous]

If that concerns you, why not follow a new development that is just starting to sell to owners with more stringently underwritten loans, and buy when it is about to sell out.

[Anonymous]

If that concerns you, why not follow a new development that is just starting to sell to owners with more stringently underwritten loans, and buy when it is about to sell out.

[Anonymous]

If that concerns you, why not follow a new development that is just starting to sell to owners with more stringently underwritten loans, and buy when it is about to sell out.

[Ren]

One thing about San Marcos, dharmagirl – it might be a good compromise as far as location between Temecula and downtown, but there is very little to do there, and cultured it is NOT. It’s a 30-40 minute drive downtown depending on traffic. When you think about going there, you may end up saying “it’s not worth it” more often than not.

I spent many years living and working in San Marcos (grew up in Esc) and was VERY happy to finally be out of inland north county. You might want to look into the Temecula scene more carefully and see what it has to offer.

[Ren]

One thing about San Marcos, dharmagirl – it might be a good compromise as far as location between Temecula and downtown, but there is very little to do there, and cultured it is NOT. It’s a 30-40 minute drive downtown depending on traffic. When you think about going there, you may end up saying “it’s not worth it” more often than not.

I spent many years living and working in San Marcos (grew up in Esc) and was VERY happy to finally be out of inland north county. You might want to look into the Temecula scene more carefully and see what it has to offer.

[Ren]

One thing about San Marcos, dharmagirl – it might be a good compromise as far as location between Temecula and downtown, but there is very little to do there, and cultured it is NOT. It’s a 30-40 minute drive downtown depending on traffic. When you think about going there, you may end up saying “it’s not worth it” more often than not.

I spent many years living and working in San Marcos (grew up in Esc) and was VERY happy to finally be out of inland north county. You might want to look into the Temecula scene more carefully and see what it has to offer.

[Ren]

One thing about San Marcos, dharmagirl – it might be a good compromise as far as location between Temecula and downtown, but there is very little to do there, and cultured it is NOT. It’s a 30-40 minute drive downtown depending on traffic. When you think about going there, you may end up saying “it’s not worth it” more often than not.

I spent many years living and working in San Marcos (grew up in Esc) and was VERY happy to finally be out of inland north county. You might want to look into the Temecula scene more carefully and see what it has to offer.

[Ren]

One thing about San Marcos, dharmagirl – it might be a good compromise as far as location between Temecula and downtown, but there is very little to do there, and cultured it is NOT. It’s a 30-40 minute drive downtown depending on traffic. When you think about going there, you may end up saying “it’s not worth it” more often than not.

I spent many years living and working in San Marcos (grew up in Esc) and was VERY happy to finally be out of inland north county. You might want to look into the Temecula scene more carefully and see what it has to offer.

[sandiego]

Poway is a city, La Jolla is not. Poway has it’s own school district, La Jolla is part of the San Diego Unified School District.

The schools in Temecula were paid for by mello roos bonds, therefore the homeowners are paying for the schools over 30 years, not the developers. When people stop paying their mortgages, they also stop paying their property taxes and mello roos payments. Look for that to start becoming an issue (see Moreno Valley of the 1990’s).

The city doesn’t pay the salaries of the teachers so it doesn’t matter how big or strong their sales tax base is. Even so, when people’s homes are being foreclosed, they are not likely buying autos or shopping at the malls. If city revenues are down, it will start affecting police and fire (see Vallejo, CA potential bankruptcy). When a city starts cutting back on basic services, the population demographic starts to change rapidly. Teachers aren’t going to be attracted to “difficult” schools.

[sandiego]

Poway is a city, La Jolla is not. Poway has it’s own school district, La Jolla is part of the San Diego Unified School District.

The schools in Temecula were paid for by mello roos bonds, therefore the homeowners are paying for the schools over 30 years, not the developers. When people stop paying their mortgages, they also stop paying their property taxes and mello roos payments. Look for that to start becoming an issue (see Moreno Valley of the 1990’s).

The city doesn’t pay the salaries of the teachers so it doesn’t matter how big or strong their sales tax base is. Even so, when people’s homes are being foreclosed, they are not likely buying autos or shopping at the malls. If city revenues are down, it will start affecting police and fire (see Vallejo, CA potential bankruptcy). When a city starts cutting back on basic services, the population demographic starts to change rapidly. Teachers aren’t going to be attracted to “difficult” schools.

[sandiego]

Poway is a city, La Jolla is not. Poway has it’s own school district, La Jolla is part of the San Diego Unified School District.

The schools in Temecula were paid for by mello roos bonds, therefore the homeowners are paying for the schools over 30 years, not the developers. When people stop paying their mortgages, they also stop paying their property taxes and mello roos payments. Look for that to start becoming an issue (see Moreno Valley of the 1990’s).

The city doesn’t pay the salaries of the teachers so it doesn’t matter how big or strong their sales tax base is. Even so, when people’s homes are being foreclosed, they are not likely buying autos or shopping at the malls. If city revenues are down, it will start affecting police and fire (see Vallejo, CA potential bankruptcy). When a city starts cutting back on basic services, the population demographic starts to change rapidly. Teachers aren’t going to be attracted to “difficult” schools.

[sandiego]

Poway is a city, La Jolla is not. Poway has it’s own school district, La Jolla is part of the San Diego Unified School District.

The schools in Temecula were paid for by mello roos bonds, therefore the homeowners are paying for the schools over 30 years, not the developers. When people stop paying their mortgages, they also stop paying their property taxes and mello roos payments. Look for that to start becoming an issue (see Moreno Valley of the 1990’s).

The city doesn’t pay the salaries of the teachers so it doesn’t matter how big or strong their sales tax base is. Even so, when people’s homes are being foreclosed, they are not likely buying autos or shopping at the malls. If city revenues are down, it will start affecting police and fire (see Vallejo, CA potential bankruptcy). When a city starts cutting back on basic services, the population demographic starts to change rapidly. Teachers aren’t going to be attracted to “difficult” schools.

[Author]

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