- This topic has 185 replies, 19 voices, and was last updated 15 years, 8 months ago by
Nor-LA-SD-guy.
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February 27, 2009 at 1:27 PM #357041February 27, 2009 at 1:32 PM #356465
Nor-LA-SD-guy
Participant[quote=kewp]Isn’t there also a huge glut of inventory in Temecula due to over-building?[/quote]
From What I have been seeing all the decent ones get snapped up as soon as they hit the MLS as REO (have offers over list) (were talking hours here as well).
the old homes hang out awhile as it’s not something most are looking for to buy (to rent maybe) but not to buy.
Also I just heard Earlier this week Temecula is still one of the fastest growing area’s in SoCal (not much over building going on right now)
My two cents, (grab the bargains while they last) oh and I think I used to hear the same things in 1990 , you know Japan going to rule the world, U.S.A. to become Mexico. world to end in 2000 the list goes on.
Oh I think Gold was 1000/oz in the eighties as well before it dropped down to around 300/oz .
February 27, 2009 at 1:32 PM #356769Participant[quote=kewp]Isn’t there also a huge glut of inventory in Temecula due to over-building?[/quote]
From What I have been seeing all the decent ones get snapped up as soon as they hit the MLS as REO (have offers over list) (were talking hours here as well).
the old homes hang out awhile as it’s not something most are looking for to buy (to rent maybe) but not to buy.
Also I just heard Earlier this week Temecula is still one of the fastest growing area’s in SoCal (not much over building going on right now)
My two cents, (grab the bargains while they last) oh and I think I used to hear the same things in 1990 , you know Japan going to rule the world, U.S.A. to become Mexico. world to end in 2000 the list goes on.
Oh I think Gold was 1000/oz in the eighties as well before it dropped down to around 300/oz .
February 27, 2009 at 1:32 PM #356908Participant[quote=kewp]Isn’t there also a huge glut of inventory in Temecula due to over-building?[/quote]
From What I have been seeing all the decent ones get snapped up as soon as they hit the MLS as REO (have offers over list) (were talking hours here as well).
the old homes hang out awhile as it’s not something most are looking for to buy (to rent maybe) but not to buy.
Also I just heard Earlier this week Temecula is still one of the fastest growing area’s in SoCal (not much over building going on right now)
My two cents, (grab the bargains while they last) oh and I think I used to hear the same things in 1990 , you know Japan going to rule the world, U.S.A. to become Mexico. world to end in 2000 the list goes on.
Oh I think Gold was 1000/oz in the eighties as well before it dropped down to around 300/oz .
February 27, 2009 at 1:32 PM #356934Participant[quote=kewp]Isn’t there also a huge glut of inventory in Temecula due to over-building?[/quote]
From What I have been seeing all the decent ones get snapped up as soon as they hit the MLS as REO (have offers over list) (were talking hours here as well).
the old homes hang out awhile as it’s not something most are looking for to buy (to rent maybe) but not to buy.
Also I just heard Earlier this week Temecula is still one of the fastest growing area’s in SoCal (not much over building going on right now)
My two cents, (grab the bargains while they last) oh and I think I used to hear the same things in 1990 , you know Japan going to rule the world, U.S.A. to become Mexico. world to end in 2000 the list goes on.
Oh I think Gold was 1000/oz in the eighties as well before it dropped down to around 300/oz .
February 27, 2009 at 1:32 PM #357046Participant[quote=kewp]Isn’t there also a huge glut of inventory in Temecula due to over-building?[/quote]
From What I have been seeing all the decent ones get snapped up as soon as they hit the MLS as REO (have offers over list) (were talking hours here as well).
the old homes hang out awhile as it’s not something most are looking for to buy (to rent maybe) but not to buy.
Also I just heard Earlier this week Temecula is still one of the fastest growing area’s in SoCal (not much over building going on right now)
My two cents, (grab the bargains while they last) oh and I think I used to hear the same things in 1990 , you know Japan going to rule the world, U.S.A. to become Mexico. world to end in 2000 the list goes on.
Oh I think Gold was 1000/oz in the eighties as well before it dropped down to around 300/oz .
February 27, 2009 at 1:34 PM #356469XBoxBoy
Participant[quote=temeculaguy]So what do you suggest?[/quote]
I’m not suggesting anything as far as buy or not buy this property. (And to be honest I don’t know that my opinion on that would be worth anything anyway, or that you would need it)
If I’m suggesting anything, it’s that you step back and learn to consider more than the numbers. Yes, I fully understand, in business numbers are the most important thing. (Trust me on this, I ran my own very successful business for several years and I’m just as enamored with numbers and data as you are.)
But business and economics is ultimately driven by people, their emotions and their relationships. If you don’t consider just how irrational people can be then you aren’t getting a complete picture. That might have little bearing on your immediate concern about whether to buy or not buy this property, but if you start considering people more, you would be better at understanding whether or not we will overcorrect on the way down. And that is what I thought you were really asking. Sure the numbers currently pencil out, but will we overshoot and will you be able to do better in a year or two? There’s the question.
XBoxBoy
February 27, 2009 at 1:34 PM #356774Participant[quote=temeculaguy]So what do you suggest?[/quote]
I’m not suggesting anything as far as buy or not buy this property. (And to be honest I don’t know that my opinion on that would be worth anything anyway, or that you would need it)
If I’m suggesting anything, it’s that you step back and learn to consider more than the numbers. Yes, I fully understand, in business numbers are the most important thing. (Trust me on this, I ran my own very successful business for several years and I’m just as enamored with numbers and data as you are.)
But business and economics is ultimately driven by people, their emotions and their relationships. If you don’t consider just how irrational people can be then you aren’t getting a complete picture. That might have little bearing on your immediate concern about whether to buy or not buy this property, but if you start considering people more, you would be better at understanding whether or not we will overcorrect on the way down. And that is what I thought you were really asking. Sure the numbers currently pencil out, but will we overshoot and will you be able to do better in a year or two? There’s the question.
XBoxBoy
February 27, 2009 at 1:34 PM #356913Participant[quote=temeculaguy]So what do you suggest?[/quote]
I’m not suggesting anything as far as buy or not buy this property. (And to be honest I don’t know that my opinion on that would be worth anything anyway, or that you would need it)
If I’m suggesting anything, it’s that you step back and learn to consider more than the numbers. Yes, I fully understand, in business numbers are the most important thing. (Trust me on this, I ran my own very successful business for several years and I’m just as enamored with numbers and data as you are.)
But business and economics is ultimately driven by people, their emotions and their relationships. If you don’t consider just how irrational people can be then you aren’t getting a complete picture. That might have little bearing on your immediate concern about whether to buy or not buy this property, but if you start considering people more, you would be better at understanding whether or not we will overcorrect on the way down. And that is what I thought you were really asking. Sure the numbers currently pencil out, but will we overshoot and will you be able to do better in a year or two? There’s the question.
XBoxBoy
February 27, 2009 at 1:34 PM #356939Participant[quote=temeculaguy]So what do you suggest?[/quote]
I’m not suggesting anything as far as buy or not buy this property. (And to be honest I don’t know that my opinion on that would be worth anything anyway, or that you would need it)
If I’m suggesting anything, it’s that you step back and learn to consider more than the numbers. Yes, I fully understand, in business numbers are the most important thing. (Trust me on this, I ran my own very successful business for several years and I’m just as enamored with numbers and data as you are.)
But business and economics is ultimately driven by people, their emotions and their relationships. If you don’t consider just how irrational people can be then you aren’t getting a complete picture. That might have little bearing on your immediate concern about whether to buy or not buy this property, but if you start considering people more, you would be better at understanding whether or not we will overcorrect on the way down. And that is what I thought you were really asking. Sure the numbers currently pencil out, but will we overshoot and will you be able to do better in a year or two? There’s the question.
XBoxBoy
February 27, 2009 at 1:34 PM #357051Participant[quote=temeculaguy]So what do you suggest?[/quote]
I’m not suggesting anything as far as buy or not buy this property. (And to be honest I don’t know that my opinion on that would be worth anything anyway, or that you would need it)
If I’m suggesting anything, it’s that you step back and learn to consider more than the numbers. Yes, I fully understand, in business numbers are the most important thing. (Trust me on this, I ran my own very successful business for several years and I’m just as enamored with numbers and data as you are.)
But business and economics is ultimately driven by people, their emotions and their relationships. If you don’t consider just how irrational people can be then you aren’t getting a complete picture. That might have little bearing on your immediate concern about whether to buy or not buy this property, but if you start considering people more, you would be better at understanding whether or not we will overcorrect on the way down. And that is what I thought you were really asking. Sure the numbers currently pencil out, but will we overshoot and will you be able to do better in a year or two? There’s the question.
XBoxBoy
February 27, 2009 at 1:35 PM #356474kewp
Participant[quote=Nor-LA-SD-guy]
My two cents, (grab the bargains while they last) oh and I think I used to hear the same things in 1990 , you know Japan going to rule the world, U.S.A. to become Mexico. world to end in 2000 the list goes on.[/quote]I hear that!
Whenever someone talks about China becoming our new overlords, I always remember that it was supposed to be the Japanese first.
Maybe its a cultural thing?
February 27, 2009 at 1:35 PM #356778Participant[quote=Nor-LA-SD-guy]
My two cents, (grab the bargains while they last) oh and I think I used to hear the same things in 1990 , you know Japan going to rule the world, U.S.A. to become Mexico. world to end in 2000 the list goes on.[/quote]I hear that!
Whenever someone talks about China becoming our new overlords, I always remember that it was supposed to be the Japanese first.
Maybe its a cultural thing?
February 27, 2009 at 1:35 PM #356918Participant[quote=Nor-LA-SD-guy]
My two cents, (grab the bargains while they last) oh and I think I used to hear the same things in 1990 , you know Japan going to rule the world, U.S.A. to become Mexico. world to end in 2000 the list goes on.[/quote]I hear that!
Whenever someone talks about China becoming our new overlords, I always remember that it was supposed to be the Japanese first.
Maybe its a cultural thing?
February 27, 2009 at 1:35 PM #356944Participant[quote=Nor-LA-SD-guy]
My two cents, (grab the bargains while they last) oh and I think I used to hear the same things in 1990 , you know Japan going to rule the world, U.S.A. to become Mexico. world to end in 2000 the list goes on.[/quote]I hear that!
Whenever someone talks about China becoming our new overlords, I always remember that it was supposed to be the Japanese first.
Maybe its a cultural thing?
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