Murrieta questions

[kewp]

I think the keyword here is ‘glut’. There may very well be more housing than there are jobs to put people in them, as owners or renters. Especially once the recession is in full swing.

I’ve suggested before that some of the worst areas (condo conversions and the IE) may end up having properties demolished or purchased by HUD.

I would personally stay out of RE as an investment vehicle until it is *clear* we’ve hit the bottom. Pick a zip code and make it a habit to check it once a month or so. When there the number of foreclosed properties goes down for at least a few months strait, then we’ve hit bottom.

[sc_alum]

@kewp:

Agreed that the city planners and the developers took a little happy pill at some point and drastically overbuilt. However, (from what I’ve seen) there are a lot of Telecommuters, Sales Reps, etc in the combined cities. i.e. folks who can work pretty much anywhere within reason, who moved to the area to be able to get a lot of house for the money. Granted there is not a lot of direct employment in the area, but I don’t think it’s as traditionally tied anymore as it once was.

[sc_alum]

@kewp:

Agreed that the city planners and the developers took a little happy pill at some point and drastically overbuilt. However, (from what I’ve seen) there are a lot of Telecommuters, Sales Reps, etc in the combined cities. i.e. folks who can work pretty much anywhere within reason, who moved to the area to be able to get a lot of house for the money. Granted there is not a lot of direct employment in the area, but I don’t think it’s as traditionally tied anymore as it once was.

[sc_alum]

@kewp:

Agreed that the city planners and the developers took a little happy pill at some point and drastically overbuilt. However, (from what I’ve seen) there are a lot of Telecommuters, Sales Reps, etc in the combined cities. i.e. folks who can work pretty much anywhere within reason, who moved to the area to be able to get a lot of house for the money. Granted there is not a lot of direct employment in the area, but I don’t think it’s as traditionally tied anymore as it once was.

[sc_alum]

@kewp:

Agreed that the city planners and the developers took a little happy pill at some point and drastically overbuilt. However, (from what I’ve seen) there are a lot of Telecommuters, Sales Reps, etc in the combined cities. i.e. folks who can work pretty much anywhere within reason, who moved to the area to be able to get a lot of house for the money. Granted there is not a lot of direct employment in the area, but I don’t think it’s as traditionally tied anymore as it once was.

[sc_alum]

@kewp:

Agreed that the city planners and the developers took a little happy pill at some point and drastically overbuilt. However, (from what I’ve seen) there are a lot of Telecommuters, Sales Reps, etc in the combined cities. i.e. folks who can work pretty much anywhere within reason, who moved to the area to be able to get a lot of house for the money. Granted there is not a lot of direct employment in the area, but I don’t think it’s as traditionally tied anymore as it once was.

[Bugs]

It may not be as traditionally tied to employment as before, but the distance to employment is still definitely a factor. The relative lack of meaningful local employment is the primary reason the TV area is being hit harder than SD, OC and LA.

With that said, I kinda like the TV/Murietta area. I’d much rather live there than in the San Fernando Valley or Palmdale or Victorville or San Bernardino or the Coachella Valley. Different strokes.

[Bugs]

It may not be as traditionally tied to employment as before, but the distance to employment is still definitely a factor. The relative lack of meaningful local employment is the primary reason the TV area is being hit harder than SD, OC and LA.

With that said, I kinda like the TV/Murietta area. I’d much rather live there than in the San Fernando Valley or Palmdale or Victorville or San Bernardino or the Coachella Valley. Different strokes.

[Bugs]

It may not be as traditionally tied to employment as before, but the distance to employment is still definitely a factor. The relative lack of meaningful local employment is the primary reason the TV area is being hit harder than SD, OC and LA.

With that said, I kinda like the TV/Murietta area. I’d much rather live there than in the San Fernando Valley or Palmdale or Victorville or San Bernardino or the Coachella Valley. Different strokes.

[Bugs]

It may not be as traditionally tied to employment as before, but the distance to employment is still definitely a factor. The relative lack of meaningful local employment is the primary reason the TV area is being hit harder than SD, OC and LA.

With that said, I kinda like the TV/Murietta area. I’d much rather live there than in the San Fernando Valley or Palmdale or Victorville or San Bernardino or the Coachella Valley. Different strokes.

[Bugs]

It may not be as traditionally tied to employment as before, but the distance to employment is still definitely a factor. The relative lack of meaningful local employment is the primary reason the TV area is being hit harder than SD, OC and LA.

With that said, I kinda like the TV/Murietta area. I’d much rather live there than in the San Fernando Valley or Palmdale or Victorville or San Bernardino or the Coachella Valley. Different strokes.

[kewp]

I like the area too! Was just up there for a wedding and it definitely has a very lush, organic feel to it that reminds me of the more pastoral areas of the east coast, where I’m from. Its also way less seedy than the city.

If I could convince my employer to let me telecommute 3 days a week I would definitely consider settling down there. But no way am I commuting to the coast every day.

When I used to visit there regularly during the early stages of the housing boom (2000-2001), even then it struck me that everyone I met seemed to be involved in construction in one way or the other. Or worked retail. So I wonder what is going to happen to local economy when all the new construction and remodeling stops.

I do see it as an attractive destination for companies looking to open a new location, especially ones based out of pricey metro areas. I bet lots of folks would relocate there if offered a free house!

[kewp]

I like the area too! Was just up there for a wedding and it definitely has a very lush, organic feel to it that reminds me of the more pastoral areas of the east coast, where I’m from. Its also way less seedy than the city.

If I could convince my employer to let me telecommute 3 days a week I would definitely consider settling down there. But no way am I commuting to the coast every day.

When I used to visit there regularly during the early stages of the housing boom (2000-2001), even then it struck me that everyone I met seemed to be involved in construction in one way or the other. Or worked retail. So I wonder what is going to happen to local economy when all the new construction and remodeling stops.

I do see it as an attractive destination for companies looking to open a new location, especially ones based out of pricey metro areas. I bet lots of folks would relocate there if offered a free house!

[kewp]

I like the area too! Was just up there for a wedding and it definitely has a very lush, organic feel to it that reminds me of the more pastoral areas of the east coast, where I’m from. Its also way less seedy than the city.

If I could convince my employer to let me telecommute 3 days a week I would definitely consider settling down there. But no way am I commuting to the coast every day.

When I used to visit there regularly during the early stages of the housing boom (2000-2001), even then it struck me that everyone I met seemed to be involved in construction in one way or the other. Or worked retail. So I wonder what is going to happen to local economy when all the new construction and remodeling stops.

I do see it as an attractive destination for companies looking to open a new location, especially ones based out of pricey metro areas. I bet lots of folks would relocate there if offered a free house!

[kewp]

I like the area too! Was just up there for a wedding and it definitely has a very lush, organic feel to it that reminds me of the more pastoral areas of the east coast, where I’m from. Its also way less seedy than the city.

If I could convince my employer to let me telecommute 3 days a week I would definitely consider settling down there. But no way am I commuting to the coast every day.

When I used to visit there regularly during the early stages of the housing boom (2000-2001), even then it struck me that everyone I met seemed to be involved in construction in one way or the other. Or worked retail. So I wonder what is going to happen to local economy when all the new construction and remodeling stops.

I do see it as an attractive destination for companies looking to open a new location, especially ones based out of pricey metro areas. I bet lots of folks would relocate there if offered a free house!

[Author]

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