Riskiest Cities For Homeowners

[CricketOnTheHearth]

My coworker moved to TV in ’96 at the last downturn from a house in central Mira Mesa. He said it was to get in a much quieter, safer neighborhood– that gangbangers were running around his MM neighborhood having gunbattles; police chases in his cul-de-sac, etc. He got into Temecula at a wickedly good price, but has had the hellish commute ever since and now I am hearing hints that neighborhoods in Temecula may be heading downhill too (I’m not sure if that’s true).

[Nor-LA-SD-guy]

I suppose it’s not a cake walk of a commute, the few times I had to go down to the office in Rancho Barnardo , leaving the house at 7:00 AM I was at work at 8:00 AM and leaving around 5:00 I was home about 6:00 . coming from L.A. this was not hellish at all.

If I were to have to commute everyday, I suppose I would try to catch the bus at the Mall that goes to the metro station. I suppose that’s not an option for a lot of people.

There are three fortune 500 companies with sizable facilities in TV, I would think the Jobs in TV will only increase in the years ahead (same thing happened to Valencia, these day’s there is almost as much inbound traffic in the morning as outbound there so it DID change).

And they do have the high speed rail coming, but that will be awhile yet,

Although the place is in dire need of at least a community college.

[Nor-LA-SD-guy]

I suppose it’s not a cake walk of a commute, the few times I had to go down to the office in Rancho Barnardo , leaving the house at 7:00 AM I was at work at 8:00 AM and leaving around 5:00 I was home about 6:00 . coming from L.A. this was not hellish at all.

If I were to have to commute everyday, I suppose I would try to catch the bus at the Mall that goes to the metro station. I suppose that’s not an option for a lot of people.

There are three fortune 500 companies with sizable facilities in TV, I would think the Jobs in TV will only increase in the years ahead (same thing happened to Valencia, these day’s there is almost as much inbound traffic in the morning as outbound there so it DID change).

And they do have the high speed rail coming, but that will be awhile yet,

Although the place is in dire need of at least a community college.

[Nor-LA-SD-guy]

I suppose it’s not a cake walk of a commute, the few times I had to go down to the office in Rancho Barnardo , leaving the house at 7:00 AM I was at work at 8:00 AM and leaving around 5:00 I was home about 6:00 . coming from L.A. this was not hellish at all.

If I were to have to commute everyday, I suppose I would try to catch the bus at the Mall that goes to the metro station. I suppose that’s not an option for a lot of people.

There are three fortune 500 companies with sizable facilities in TV, I would think the Jobs in TV will only increase in the years ahead (same thing happened to Valencia, these day’s there is almost as much inbound traffic in the morning as outbound there so it DID change).

And they do have the high speed rail coming, but that will be awhile yet,

Although the place is in dire need of at least a community college.

[Nor-LA-SD-guy]

I suppose it’s not a cake walk of a commute, the few times I had to go down to the office in Rancho Barnardo , leaving the house at 7:00 AM I was at work at 8:00 AM and leaving around 5:00 I was home about 6:00 . coming from L.A. this was not hellish at all.

If I were to have to commute everyday, I suppose I would try to catch the bus at the Mall that goes to the metro station. I suppose that’s not an option for a lot of people.

There are three fortune 500 companies with sizable facilities in TV, I would think the Jobs in TV will only increase in the years ahead (same thing happened to Valencia, these day’s there is almost as much inbound traffic in the morning as outbound there so it DID change).

And they do have the high speed rail coming, but that will be awhile yet,

Although the place is in dire need of at least a community college.

[Nor-LA-SD-guy]

I suppose it’s not a cake walk of a commute, the few times I had to go down to the office in Rancho Barnardo , leaving the house at 7:00 AM I was at work at 8:00 AM and leaving around 5:00 I was home about 6:00 . coming from L.A. this was not hellish at all.

If I were to have to commute everyday, I suppose I would try to catch the bus at the Mall that goes to the metro station. I suppose that’s not an option for a lot of people.

There are three fortune 500 companies with sizable facilities in TV, I would think the Jobs in TV will only increase in the years ahead (same thing happened to Valencia, these day’s there is almost as much inbound traffic in the morning as outbound there so it DID change).

And they do have the high speed rail coming, but that will be awhile yet,

Although the place is in dire need of at least a community college.

[carlsbadworker]

Folks, let’s not be carried away into another discussion about whether Temecula is hell or heaven. For the near term, I do think Temecula has more downward price pressure than San Diego. My theory is that the jobs held by Temecula residents are mostly marginal jobs. And that’s why they are paid less than the best jobs in a company, forcing them to pick Riverside as their home. So if the company is doing great, they should be able to hold onto their jobs and do relatively well. But if the company is turning south, they would be the first ones to let go.
I think that’s why the unemployment rate is much higher in Riverside county. And then once the unemployment becomes higher, all the local service jobs are beginning to get eliminated as well. I don’t see how Temecula can get out of this cycle for the next few years.
The only thing on the Temecula side is price. When the price is close to investment grade, the investors all around the state flocks in. Let’s face it, there are still too much money chasing too few opportunities right now. That’s why the mortgage rate is well below 5%. There are just way too much money chasing after very few qualified borrowers nowadays. I told the low mortgage rate good news to my coworkers recently, but then I realized not many of them can get that interest rate at all. They are either loaded up in debt already (most of them) or don’t qualify for other credit reasons (recent bankruptcy, etc). That’s for people who are employed as I am. I am sure there’re people who just don’t have qualified income to get the rate.
So I think the Temecula price would hover around the current level at best, and may even drift down lower in the coming years. I still doubt that it will break $100/sqft barrier though.

[carlsbadworker]

Folks, let’s not be carried away into another discussion about whether Temecula is hell or heaven. For the near term, I do think Temecula has more downward price pressure than San Diego. My theory is that the jobs held by Temecula residents are mostly marginal jobs. And that’s why they are paid less than the best jobs in a company, forcing them to pick Riverside as their home. So if the company is doing great, they should be able to hold onto their jobs and do relatively well. But if the company is turning south, they would be the first ones to let go.
I think that’s why the unemployment rate is much higher in Riverside county. And then once the unemployment becomes higher, all the local service jobs are beginning to get eliminated as well. I don’t see how Temecula can get out of this cycle for the next few years.
The only thing on the Temecula side is price. When the price is close to investment grade, the investors all around the state flocks in. Let’s face it, there are still too much money chasing too few opportunities right now. That’s why the mortgage rate is well below 5%. There are just way too much money chasing after very few qualified borrowers nowadays. I told the low mortgage rate good news to my coworkers recently, but then I realized not many of them can get that interest rate at all. They are either loaded up in debt already (most of them) or don’t qualify for other credit reasons (recent bankruptcy, etc). That’s for people who are employed as I am. I am sure there’re people who just don’t have qualified income to get the rate.
So I think the Temecula price would hover around the current level at best, and may even drift down lower in the coming years. I still doubt that it will break $100/sqft barrier though.

[carlsbadworker]

Folks, let’s not be carried away into another discussion about whether Temecula is hell or heaven. For the near term, I do think Temecula has more downward price pressure than San Diego. My theory is that the jobs held by Temecula residents are mostly marginal jobs. And that’s why they are paid less than the best jobs in a company, forcing them to pick Riverside as their home. So if the company is doing great, they should be able to hold onto their jobs and do relatively well. But if the company is turning south, they would be the first ones to let go.
I think that’s why the unemployment rate is much higher in Riverside county. And then once the unemployment becomes higher, all the local service jobs are beginning to get eliminated as well. I don’t see how Temecula can get out of this cycle for the next few years.
The only thing on the Temecula side is price. When the price is close to investment grade, the investors all around the state flocks in. Let’s face it, there are still too much money chasing too few opportunities right now. That’s why the mortgage rate is well below 5%. There are just way too much money chasing after very few qualified borrowers nowadays. I told the low mortgage rate good news to my coworkers recently, but then I realized not many of them can get that interest rate at all. They are either loaded up in debt already (most of them) or don’t qualify for other credit reasons (recent bankruptcy, etc). That’s for people who are employed as I am. I am sure there’re people who just don’t have qualified income to get the rate.
So I think the Temecula price would hover around the current level at best, and may even drift down lower in the coming years. I still doubt that it will break $100/sqft barrier though.

[carlsbadworker]

Folks, let’s not be carried away into another discussion about whether Temecula is hell or heaven. For the near term, I do think Temecula has more downward price pressure than San Diego. My theory is that the jobs held by Temecula residents are mostly marginal jobs. And that’s why they are paid less than the best jobs in a company, forcing them to pick Riverside as their home. So if the company is doing great, they should be able to hold onto their jobs and do relatively well. But if the company is turning south, they would be the first ones to let go.
I think that’s why the unemployment rate is much higher in Riverside county. And then once the unemployment becomes higher, all the local service jobs are beginning to get eliminated as well. I don’t see how Temecula can get out of this cycle for the next few years.
The only thing on the Temecula side is price. When the price is close to investment grade, the investors all around the state flocks in. Let’s face it, there are still too much money chasing too few opportunities right now. That’s why the mortgage rate is well below 5%. There are just way too much money chasing after very few qualified borrowers nowadays. I told the low mortgage rate good news to my coworkers recently, but then I realized not many of them can get that interest rate at all. They are either loaded up in debt already (most of them) or don’t qualify for other credit reasons (recent bankruptcy, etc). That’s for people who are employed as I am. I am sure there’re people who just don’t have qualified income to get the rate.
So I think the Temecula price would hover around the current level at best, and may even drift down lower in the coming years. I still doubt that it will break $100/sqft barrier though.

[carlsbadworker]

Folks, let’s not be carried away into another discussion about whether Temecula is hell or heaven. For the near term, I do think Temecula has more downward price pressure than San Diego. My theory is that the jobs held by Temecula residents are mostly marginal jobs. And that’s why they are paid less than the best jobs in a company, forcing them to pick Riverside as their home. So if the company is doing great, they should be able to hold onto their jobs and do relatively well. But if the company is turning south, they would be the first ones to let go.
I think that’s why the unemployment rate is much higher in Riverside county. And then once the unemployment becomes higher, all the local service jobs are beginning to get eliminated as well. I don’t see how Temecula can get out of this cycle for the next few years.
The only thing on the Temecula side is price. When the price is close to investment grade, the investors all around the state flocks in. Let’s face it, there are still too much money chasing too few opportunities right now. That’s why the mortgage rate is well below 5%. There are just way too much money chasing after very few qualified borrowers nowadays. I told the low mortgage rate good news to my coworkers recently, but then I realized not many of them can get that interest rate at all. They are either loaded up in debt already (most of them) or don’t qualify for other credit reasons (recent bankruptcy, etc). That’s for people who are employed as I am. I am sure there’re people who just don’t have qualified income to get the rate.
So I think the Temecula price would hover around the current level at best, and may even drift down lower in the coming years. I still doubt that it will break $100/sqft barrier though.

[Nor-LA-SD-guy]

Well that was the point I was trying to express, once you get to cash flow ++ investment property prices, how much further is it going to drop ??

Most of SD is not there yet. (maybe it won’t get there), but as my flight instructor used to tell me altitude is really just potential energy.

[Nor-LA-SD-guy]

Well that was the point I was trying to express, once you get to cash flow ++ investment property prices, how much further is it going to drop ??

Most of SD is not there yet. (maybe it won’t get there), but as my flight instructor used to tell me altitude is really just potential energy.

[Nor-LA-SD-guy]

Well that was the point I was trying to express, once you get to cash flow ++ investment property prices, how much further is it going to drop ??

Most of SD is not there yet. (maybe it won’t get there), but as my flight instructor used to tell me altitude is really just potential energy.

[Nor-LA-SD-guy]

Well that was the point I was trying to express, once you get to cash flow ++ investment property prices, how much further is it going to drop ??

Most of SD is not there yet. (maybe it won’t get there), but as my flight instructor used to tell me altitude is really just potential energy.

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