should I buy in temecula

[CA renter]

Good posts from TG and ren.

Mr. CAR and I were talking just the other day about all the great things posters have said about Temecula on this blog. It sounds like paradise to us. We couldn’t care less about how “upscale” the coastal area is because we’re not here for the status or anything like that. Unfortunately, we’re stuck on the coast because of commuting reasons (yes, lots of people commute for hours a day, but after doing it for years, we are done with that and would rather rent near work than spend hours in traffic every day). I’m counting down the days until we can get out of this overpriced hell, quite frankly.

If not for the commute, we would already be in Temecula. It sounds like a great place to raise a family, and I congratulate those who’ve made the decision to have a comfortable and *affordable* lifestyle in TV.

[paramount]

[quote=Ren]Question for you, Paramount – were your issues a result of bad luck or a series of mistakes on your part? If you can blame it soley on something specific to TV, please let us know what that is so we can learn from it. If you were in great financial shape, would you still look at TV the same way?

We’ve only been living here for 8 months, but we love it so far, and more and more, the coast is starting to look like the bigger compromise. The downsides to Temecula aren’t a big deal, but on the coast, you pay 2-4 times as much for housing and as a result have many more working years until retirement. For those without substantial income (high 100’s+), this is a major, life-altering difference. We’ll retire on the coast at 55, while our friends in Bay Park will be working another 10 years to pay off their 1,500sf mistakes.[/quote]

Talk to me when the honeymoon is over….maybe 5 or 6 years from now.

[paramount]

[quote=Ren]Question for you, Paramount – were your issues a result of bad luck or a series of mistakes on your part? If you can blame it soley on something specific to TV, please let us know what that is so we can learn from it. If you were in great financial shape, would you still look at TV the same way?

We’ve only been living here for 8 months, but we love it so far, and more and more, the coast is starting to look like the bigger compromise. The downsides to Temecula aren’t a big deal, but on the coast, you pay 2-4 times as much for housing and as a result have many more working years until retirement. For those without substantial income (high 100’s+), this is a major, life-altering difference. We’ll retire on the coast at 55, while our friends in Bay Park will be working another 10 years to pay off their 1,500sf mistakes.[/quote]

Talk to me when the honeymoon is over….maybe 5 or 6 years from now.

[paramount]

[quote=Ren]Question for you, Paramount – were your issues a result of bad luck or a series of mistakes on your part? If you can blame it soley on something specific to TV, please let us know what that is so we can learn from it. If you were in great financial shape, would you still look at TV the same way?

We’ve only been living here for 8 months, but we love it so far, and more and more, the coast is starting to look like the bigger compromise. The downsides to Temecula aren’t a big deal, but on the coast, you pay 2-4 times as much for housing and as a result have many more working years until retirement. For those without substantial income (high 100’s+), this is a major, life-altering difference. We’ll retire on the coast at 55, while our friends in Bay Park will be working another 10 years to pay off their 1,500sf mistakes.[/quote]

Talk to me when the honeymoon is over….maybe 5 or 6 years from now.

[paramount]

[quote=Ren]Question for you, Paramount – were your issues a result of bad luck or a series of mistakes on your part? If you can blame it soley on something specific to TV, please let us know what that is so we can learn from it. If you were in great financial shape, would you still look at TV the same way?

We’ve only been living here for 8 months, but we love it so far, and more and more, the coast is starting to look like the bigger compromise. The downsides to Temecula aren’t a big deal, but on the coast, you pay 2-4 times as much for housing and as a result have many more working years until retirement. For those without substantial income (high 100’s+), this is a major, life-altering difference. We’ll retire on the coast at 55, while our friends in Bay Park will be working another 10 years to pay off their 1,500sf mistakes.[/quote]

Talk to me when the honeymoon is over….maybe 5 or 6 years from now.

[paramount]

[quote=Ren]Question for you, Paramount – were your issues a result of bad luck or a series of mistakes on your part? If you can blame it soley on something specific to TV, please let us know what that is so we can learn from it. If you were in great financial shape, would you still look at TV the same way?

We’ve only been living here for 8 months, but we love it so far, and more and more, the coast is starting to look like the bigger compromise. The downsides to Temecula aren’t a big deal, but on the coast, you pay 2-4 times as much for housing and as a result have many more working years until retirement. For those without substantial income (high 100’s+), this is a major, life-altering difference. We’ll retire on the coast at 55, while our friends in Bay Park will be working another 10 years to pay off their 1,500sf mistakes.[/quote]

Talk to me when the honeymoon is over….maybe 5 or 6 years from now.

[paramount]

[quote=burghMan]There are no gangs – that is nonsense, and the stats prove it. Sure the city council is a bunch of boneheads – but that’s true more places than not. There is a conservative political slant for sure. I’m generally pretty moderate/liberal but it’s not a problem if I just don’t talk politics with my neighbors (which is good advice in any neighborhood…)

Wine country is nice. We see balloons every weekend – sometimes they fly right over our house! Our kids attend one of the best-ranking public schools in the state.

Don’t listen to the haters. Check it out for yourself. If you decide not to stay, be sure to take some wine home with you.[/quote]

You, TG, whoever – talk Temecula up all you want. It’s kind of like an Audi owner convincing themselves that their Audi is just as good as a BMW…really it is, just check the stats!

We all have our perspectives and experiences, and no I do not feel sorry for myself. My total mortgage is ~ $1600/month because I am in fact conservative, and very affordable as a % of my income. My taxes are barely over 1%.

Let’s move away from the feel good stuff and talk reality:

Temecula schools: not bad, not great either. They are average as far as I am concerned, nothing special.

Gangs: Yes, Temecula DOES have gangs. There was a gang murder just 2 months ago, look it up (my condolences and respect to the families). There has been plenty of gang crime and even gang related murder in Temecula. Go to pe.com and do your research.

Basically no jobs

Long commute

Look up W-A-R/Metzger when you get a chance – HQ’d in beautiful Temecula.

Also, many of Temecula’s foreclosures/short sales were bought up by “investors” – on my street for example of about 30 houses, less than 10 are owner occupied.

Talk to many who live in Temecula, and sooner or later most will say the following: we wanted to move to San Diego or we want to move to San Diego.

[paramount]

[quote=burghMan]There are no gangs – that is nonsense, and the stats prove it. Sure the city council is a bunch of boneheads – but that’s true more places than not. There is a conservative political slant for sure. I’m generally pretty moderate/liberal but it’s not a problem if I just don’t talk politics with my neighbors (which is good advice in any neighborhood…)

Wine country is nice. We see balloons every weekend – sometimes they fly right over our house! Our kids attend one of the best-ranking public schools in the state.

Don’t listen to the haters. Check it out for yourself. If you decide not to stay, be sure to take some wine home with you.[/quote]

You, TG, whoever – talk Temecula up all you want. It’s kind of like an Audi owner convincing themselves that their Audi is just as good as a BMW…really it is, just check the stats!

We all have our perspectives and experiences, and no I do not feel sorry for myself. My total mortgage is ~ $1600/month because I am in fact conservative, and very affordable as a % of my income. My taxes are barely over 1%.

Let’s move away from the feel good stuff and talk reality:

Temecula schools: not bad, not great either. They are average as far as I am concerned, nothing special.

Gangs: Yes, Temecula DOES have gangs. There was a gang murder just 2 months ago, look it up (my condolences and respect to the families). There has been plenty of gang crime and even gang related murder in Temecula. Go to pe.com and do your research.

Basically no jobs

Long commute

Look up W-A-R/Metzger when you get a chance – HQ’d in beautiful Temecula.

Also, many of Temecula’s foreclosures/short sales were bought up by “investors” – on my street for example of about 30 houses, less than 10 are owner occupied.

Talk to many who live in Temecula, and sooner or later most will say the following: we wanted to move to San Diego or we want to move to San Diego.

[paramount]

[quote=burghMan]There are no gangs – that is nonsense, and the stats prove it. Sure the city council is a bunch of boneheads – but that’s true more places than not. There is a conservative political slant for sure. I’m generally pretty moderate/liberal but it’s not a problem if I just don’t talk politics with my neighbors (which is good advice in any neighborhood…)

Wine country is nice. We see balloons every weekend – sometimes they fly right over our house! Our kids attend one of the best-ranking public schools in the state.

Don’t listen to the haters. Check it out for yourself. If you decide not to stay, be sure to take some wine home with you.[/quote]

You, TG, whoever – talk Temecula up all you want. It’s kind of like an Audi owner convincing themselves that their Audi is just as good as a BMW…really it is, just check the stats!

We all have our perspectives and experiences, and no I do not feel sorry for myself. My total mortgage is ~ $1600/month because I am in fact conservative, and very affordable as a % of my income. My taxes are barely over 1%.

Let’s move away from the feel good stuff and talk reality:

Temecula schools: not bad, not great either. They are average as far as I am concerned, nothing special.

Gangs: Yes, Temecula DOES have gangs. There was a gang murder just 2 months ago, look it up (my condolences and respect to the families). There has been plenty of gang crime and even gang related murder in Temecula. Go to pe.com and do your research.

Basically no jobs

Long commute

Look up W-A-R/Metzger when you get a chance – HQ’d in beautiful Temecula.

Also, many of Temecula’s foreclosures/short sales were bought up by “investors” – on my street for example of about 30 houses, less than 10 are owner occupied.

Talk to many who live in Temecula, and sooner or later most will say the following: we wanted to move to San Diego or we want to move to San Diego.

[paramount]

[quote=burghMan]There are no gangs – that is nonsense, and the stats prove it. Sure the city council is a bunch of boneheads – but that’s true more places than not. There is a conservative political slant for sure. I’m generally pretty moderate/liberal but it’s not a problem if I just don’t talk politics with my neighbors (which is good advice in any neighborhood…)

Wine country is nice. We see balloons every weekend – sometimes they fly right over our house! Our kids attend one of the best-ranking public schools in the state.

Don’t listen to the haters. Check it out for yourself. If you decide not to stay, be sure to take some wine home with you.[/quote]

You, TG, whoever – talk Temecula up all you want. It’s kind of like an Audi owner convincing themselves that their Audi is just as good as a BMW…really it is, just check the stats!

We all have our perspectives and experiences, and no I do not feel sorry for myself. My total mortgage is ~ $1600/month because I am in fact conservative, and very affordable as a % of my income. My taxes are barely over 1%.

Let’s move away from the feel good stuff and talk reality:

Temecula schools: not bad, not great either. They are average as far as I am concerned, nothing special.

Gangs: Yes, Temecula DOES have gangs. There was a gang murder just 2 months ago, look it up (my condolences and respect to the families). There has been plenty of gang crime and even gang related murder in Temecula. Go to pe.com and do your research.

Basically no jobs

Long commute

Look up W-A-R/Metzger when you get a chance – HQ’d in beautiful Temecula.

Also, many of Temecula’s foreclosures/short sales were bought up by “investors” – on my street for example of about 30 houses, less than 10 are owner occupied.

Talk to many who live in Temecula, and sooner or later most will say the following: we wanted to move to San Diego or we want to move to San Diego.

[paramount]

[quote=burghMan]There are no gangs – that is nonsense, and the stats prove it. Sure the city council is a bunch of boneheads – but that’s true more places than not. There is a conservative political slant for sure. I’m generally pretty moderate/liberal but it’s not a problem if I just don’t talk politics with my neighbors (which is good advice in any neighborhood…)

Wine country is nice. We see balloons every weekend – sometimes they fly right over our house! Our kids attend one of the best-ranking public schools in the state.

Don’t listen to the haters. Check it out for yourself. If you decide not to stay, be sure to take some wine home with you.[/quote]

You, TG, whoever – talk Temecula up all you want. It’s kind of like an Audi owner convincing themselves that their Audi is just as good as a BMW…really it is, just check the stats!

We all have our perspectives and experiences, and no I do not feel sorry for myself. My total mortgage is ~ $1600/month because I am in fact conservative, and very affordable as a % of my income. My taxes are barely over 1%.

Let’s move away from the feel good stuff and talk reality:

Temecula schools: not bad, not great either. They are average as far as I am concerned, nothing special.

Gangs: Yes, Temecula DOES have gangs. There was a gang murder just 2 months ago, look it up (my condolences and respect to the families). There has been plenty of gang crime and even gang related murder in Temecula. Go to pe.com and do your research.

Basically no jobs

Long commute

Look up W-A-R/Metzger when you get a chance – HQ’d in beautiful Temecula.

Also, many of Temecula’s foreclosures/short sales were bought up by “investors” – on my street for example of about 30 houses, less than 10 are owner occupied.

Talk to many who live in Temecula, and sooner or later most will say the following: we wanted to move to San Diego or we want to move to San Diego.

[bearishgurl]

[quote=Ren]When I say “coast”, I generally mean north county coastal or a location in San Diego proper that is near the coast (like Bay Park). I probably wouldn’t consider areas like North Park just because they can command a premium without what I would consider to be a premium location.[/quote](emphasis added)

Ren, I don’t mean to be argumentative, but do you think TV is more of a “premium” location than North Park (5-10 mins. from dtn. SD on surface sts)? How much (%) premium (if any) should be attributed to a “craftsman-built” home that is still in original condition? And, do you think “coastal” neighborhoods in SD County are the only locations which are worthy of commanding a “premium?” Should properties in Imperial Beach command a premium?

[quote=Ren]. . . if the property wouldn’t at least break even as a rental, they’re paying too much for housing and they should be renting a smaller place.[/quote] (emphasis added)

Ren, do you think SFR’s (purchased in the last 15 years) in CA “coastal” areas will “break-even” as rentals? If not, do you think that they’re not worth buying because of this? Do you equate “size” or “square footage” with value or rental-rate?

[quote=Ren]Our current tax rate is 1.5%. There are bonds involved, but I don’t know the details. That’s one of the downsides to this area, but like all the other downsides, it’s minor – that 1.5% is on a house that cost me $250k, so it’s not like I’m paying exorbitant amounts in taxes . . .[/quote]

Ren, do you pay 2% annually in “taxes” after adding your MR bonds to your 1.5% tax rate, or does your 1.5% rate also cover your MR bonds? In other words, is your annual tax bill on a property assessed at $250K $3,750 ($313 mo.) or closer to $5,000 ($417 mo.)? When you add your taxes, MR, fire ins. prem and $46 HOA fee to your monthly P&I, could you STILL break even if you were to find a tenant tomorrow and begin collecting rent on your current TV property? Moreover, if you retire to SD County and still have rental(s) in RIV Co., will you manage them yourself?

Why is child care lower-priced in TV than SD? Don’t you have to leave your children for longer periods at daycare because of lengthy commutes?

What’s your typical family gasoline bill? I live 10 mi. from dtn. SD (surface sts) and go there at least twice a week, along with numerous local errands and use about $80-$100 month or 2 – 2 1/2 tanks (if I don’t take any road trips). FWIW, I drive a luxury sedan.

[quote=Ren]Anything near the coast would be a better long-term investment than TV, if you buy at the right price. In my opinion, we’re not there yet.[/quote]

Ren, how much (%) lower would the “right price” be for SD County coastal zip codes? And how long do you think it will take the market to get there? Do you think the market on the “coast” will come down in price enough by the time you’re ready to buy a property to retire in?

Just offering some food for thought here.

[bearishgurl]

[quote=Ren]When I say “coast”, I generally mean north county coastal or a location in San Diego proper that is near the coast (like Bay Park). I probably wouldn’t consider areas like North Park just because they can command a premium without what I would consider to be a premium location.[/quote](emphasis added)

Ren, I don’t mean to be argumentative, but do you think TV is more of a “premium” location than North Park (5-10 mins. from dtn. SD on surface sts)? How much (%) premium (if any) should be attributed to a “craftsman-built” home that is still in original condition? And, do you think “coastal” neighborhoods in SD County are the only locations which are worthy of commanding a “premium?” Should properties in Imperial Beach command a premium?

[quote=Ren]. . . if the property wouldn’t at least break even as a rental, they’re paying too much for housing and they should be renting a smaller place.[/quote] (emphasis added)

Ren, do you think SFR’s (purchased in the last 15 years) in CA “coastal” areas will “break-even” as rentals? If not, do you think that they’re not worth buying because of this? Do you equate “size” or “square footage” with value or rental-rate?

[quote=Ren]Our current tax rate is 1.5%. There are bonds involved, but I don’t know the details. That’s one of the downsides to this area, but like all the other downsides, it’s minor – that 1.5% is on a house that cost me $250k, so it’s not like I’m paying exorbitant amounts in taxes . . .[/quote]

Ren, do you pay 2% annually in “taxes” after adding your MR bonds to your 1.5% tax rate, or does your 1.5% rate also cover your MR bonds? In other words, is your annual tax bill on a property assessed at $250K $3,750 ($313 mo.) or closer to $5,000 ($417 mo.)? When you add your taxes, MR, fire ins. prem and $46 HOA fee to your monthly P&I, could you STILL break even if you were to find a tenant tomorrow and begin collecting rent on your current TV property? Moreover, if you retire to SD County and still have rental(s) in RIV Co., will you manage them yourself?

Why is child care lower-priced in TV than SD? Don’t you have to leave your children for longer periods at daycare because of lengthy commutes?

What’s your typical family gasoline bill? I live 10 mi. from dtn. SD (surface sts) and go there at least twice a week, along with numerous local errands and use about $80-$100 month or 2 – 2 1/2 tanks (if I don’t take any road trips). FWIW, I drive a luxury sedan.

[quote=Ren]Anything near the coast would be a better long-term investment than TV, if you buy at the right price. In my opinion, we’re not there yet.[/quote]

Ren, how much (%) lower would the “right price” be for SD County coastal zip codes? And how long do you think it will take the market to get there? Do you think the market on the “coast” will come down in price enough by the time you’re ready to buy a property to retire in?

Just offering some food for thought here.

[bearishgurl]

[quote=Ren]When I say “coast”, I generally mean north county coastal or a location in San Diego proper that is near the coast (like Bay Park). I probably wouldn’t consider areas like North Park just because they can command a premium without what I would consider to be a premium location.[/quote](emphasis added)

Ren, I don’t mean to be argumentative, but do you think TV is more of a “premium” location than North Park (5-10 mins. from dtn. SD on surface sts)? How much (%) premium (if any) should be attributed to a “craftsman-built” home that is still in original condition? And, do you think “coastal” neighborhoods in SD County are the only locations which are worthy of commanding a “premium?” Should properties in Imperial Beach command a premium?

[quote=Ren]. . . if the property wouldn’t at least break even as a rental, they’re paying too much for housing and they should be renting a smaller place.[/quote] (emphasis added)

Ren, do you think SFR’s (purchased in the last 15 years) in CA “coastal” areas will “break-even” as rentals? If not, do you think that they’re not worth buying because of this? Do you equate “size” or “square footage” with value or rental-rate?

[quote=Ren]Our current tax rate is 1.5%. There are bonds involved, but I don’t know the details. That’s one of the downsides to this area, but like all the other downsides, it’s minor – that 1.5% is on a house that cost me $250k, so it’s not like I’m paying exorbitant amounts in taxes . . .[/quote]

Ren, do you pay 2% annually in “taxes” after adding your MR bonds to your 1.5% tax rate, or does your 1.5% rate also cover your MR bonds? In other words, is your annual tax bill on a property assessed at $250K $3,750 ($313 mo.) or closer to $5,000 ($417 mo.)? When you add your taxes, MR, fire ins. prem and $46 HOA fee to your monthly P&I, could you STILL break even if you were to find a tenant tomorrow and begin collecting rent on your current TV property? Moreover, if you retire to SD County and still have rental(s) in RIV Co., will you manage them yourself?

Why is child care lower-priced in TV than SD? Don’t you have to leave your children for longer periods at daycare because of lengthy commutes?

What’s your typical family gasoline bill? I live 10 mi. from dtn. SD (surface sts) and go there at least twice a week, along with numerous local errands and use about $80-$100 month or 2 – 2 1/2 tanks (if I don’t take any road trips). FWIW, I drive a luxury sedan.

[quote=Ren]Anything near the coast would be a better long-term investment than TV, if you buy at the right price. In my opinion, we’re not there yet.[/quote]

Ren, how much (%) lower would the “right price” be for SD County coastal zip codes? And how long do you think it will take the market to get there? Do you think the market on the “coast” will come down in price enough by the time you’re ready to buy a property to retire in?

Just offering some food for thought here.

[bearishgurl]

[quote=Ren]When I say “coast”, I generally mean north county coastal or a location in San Diego proper that is near the coast (like Bay Park). I probably wouldn’t consider areas like North Park just because they can command a premium without what I would consider to be a premium location.[/quote](emphasis added)

Ren, I don’t mean to be argumentative, but do you think TV is more of a “premium” location than North Park (5-10 mins. from dtn. SD on surface sts)? How much (%) premium (if any) should be attributed to a “craftsman-built” home that is still in original condition? And, do you think “coastal” neighborhoods in SD County are the only locations which are worthy of commanding a “premium?” Should properties in Imperial Beach command a premium?

[quote=Ren]. . . if the property wouldn’t at least break even as a rental, they’re paying too much for housing and they should be renting a smaller place.[/quote] (emphasis added)

Ren, do you think SFR’s (purchased in the last 15 years) in CA “coastal” areas will “break-even” as rentals? If not, do you think that they’re not worth buying because of this? Do you equate “size” or “square footage” with value or rental-rate?

[quote=Ren]Our current tax rate is 1.5%. There are bonds involved, but I don’t know the details. That’s one of the downsides to this area, but like all the other downsides, it’s minor – that 1.5% is on a house that cost me $250k, so it’s not like I’m paying exorbitant amounts in taxes . . .[/quote]

Ren, do you pay 2% annually in “taxes” after adding your MR bonds to your 1.5% tax rate, or does your 1.5% rate also cover your MR bonds? In other words, is your annual tax bill on a property assessed at $250K $3,750 ($313 mo.) or closer to $5,000 ($417 mo.)? When you add your taxes, MR, fire ins. prem and $46 HOA fee to your monthly P&I, could you STILL break even if you were to find a tenant tomorrow and begin collecting rent on your current TV property? Moreover, if you retire to SD County and still have rental(s) in RIV Co., will you manage them yourself?

Why is child care lower-priced in TV than SD? Don’t you have to leave your children for longer periods at daycare because of lengthy commutes?

What’s your typical family gasoline bill? I live 10 mi. from dtn. SD (surface sts) and go there at least twice a week, along with numerous local errands and use about $80-$100 month or 2 – 2 1/2 tanks (if I don’t take any road trips). FWIW, I drive a luxury sedan.

[quote=Ren]Anything near the coast would be a better long-term investment than TV, if you buy at the right price. In my opinion, we’re not there yet.[/quote]

Ren, how much (%) lower would the “right price” be for SD County coastal zip codes? And how long do you think it will take the market to get there? Do you think the market on the “coast” will come down in price enough by the time you’re ready to buy a property to retire in?

Just offering some food for thought here.

[Author]

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