should I buy in temecula

[afx114]

These have been popping up all around my neighborhood over the past year. Every time I see one it makes me happy. And I think they are working. I walk the neighborhood frequently and have noticed more eye contact, smiles, and hello’s since these signs have gone up. It’s amazing what a simple piece of paper, Microsoft Word, and a few staples can do for a community.

[temeculaguy]

It’s not the mello roos, it’s homes built from 2003-2007, it just coincides with when m/r was most prevalent in that area.

I didn’t say people avoid areas with minorities, just areas that are predominately one group when you are not a member of that group.

This is going to be boring for a lot of people but you cam along after my purchase, which was well doccumented in 2008 on the boards. I’ll try to summarize.

The house is too big for me, always will be, but I wanted the location and it happened to be already there. The lot is in the 7k sq ft range I think. It’s on a hill/cliff so there is about a hundred foot to my nearest neighbor behind and my ground is above their rooftop. The hill in between is hoa maintained, so their dogs don’t come up to my fence. My backyard extends 15 or so feet from the back of the house, I wanted it that way, low to no maintenance, room for a spa, bbq island, cigar area and that’s it. It also has wide side yards, maybe 15 feet and stepped up so nobody sees anyone’s windows, it’s tight but feels spacious. Yardwork is an hour a week, just what I wanted.

Paid 265k, orig owner bought new in 2006 for mid 600’s, put 100k into it and lost it but kinda gutted it and thrashed it so it took some money to make it livable, but did the work myself, not as bad as I thought.

http://piggington.com/tg_is_in_escrow?page=1

http://piggington.com/tg_closes_escrow

and the photo to give you a feel for the concret jungle suburbia that I enjoy

http://piggington.com/desk_view

The comparable communities in my view or the places I would live, Carlsbad, encinitas, most of the NCC (except oceanside), 4S, Poway, RB, Scripps, Carmel valley, Carmel Mtn, San elijo, I probably missed one but you get the drift. I also didn’t just move here, I moved here 20 years ago, from san diego but the reasons were the same. When i moved here from Cardiff, my house payment cost less than my apartment rent in cardiff and my commute was decreased. For even money, I’d still take temec vs the so.bay or east county, but that’s the funny thing, those places are still more expensive. But now that I’ve been doing this for so long, paying my mortgage on the many houses I’ve owned over the years and never paying more than a weeks pay for my entire housing costs for the month. I can’t go back, I like having extra money, I like not worrying.

[temeculaguy]

It’s not the mello roos, it’s homes built from 2003-2007, it just coincides with when m/r was most prevalent in that area.

I didn’t say people avoid areas with minorities, just areas that are predominately one group when you are not a member of that group.

This is going to be boring for a lot of people but you cam along after my purchase, which was well doccumented in 2008 on the boards. I’ll try to summarize.

The house is too big for me, always will be, but I wanted the location and it happened to be already there. The lot is in the 7k sq ft range I think. It’s on a hill/cliff so there is about a hundred foot to my nearest neighbor behind and my ground is above their rooftop. The hill in between is hoa maintained, so their dogs don’t come up to my fence. My backyard extends 15 or so feet from the back of the house, I wanted it that way, low to no maintenance, room for a spa, bbq island, cigar area and that’s it. It also has wide side yards, maybe 15 feet and stepped up so nobody sees anyone’s windows, it’s tight but feels spacious. Yardwork is an hour a week, just what I wanted.

Paid 265k, orig owner bought new in 2006 for mid 600’s, put 100k into it and lost it but kinda gutted it and thrashed it so it took some money to make it livable, but did the work myself, not as bad as I thought.

http://piggington.com/tg_is_in_escrow?page=1

http://piggington.com/tg_closes_escrow

and the photo to give you a feel for the concret jungle suburbia that I enjoy

http://piggington.com/desk_view

The comparable communities in my view or the places I would live, Carlsbad, encinitas, most of the NCC (except oceanside), 4S, Poway, RB, Scripps, Carmel valley, Carmel Mtn, San elijo, I probably missed one but you get the drift. I also didn’t just move here, I moved here 20 years ago, from san diego but the reasons were the same. When i moved here from Cardiff, my house payment cost less than my apartment rent in cardiff and my commute was decreased. For even money, I’d still take temec vs the so.bay or east county, but that’s the funny thing, those places are still more expensive. But now that I’ve been doing this for so long, paying my mortgage on the many houses I’ve owned over the years and never paying more than a weeks pay for my entire housing costs for the month. I can’t go back, I like having extra money, I like not worrying.

[temeculaguy]

It’s not the mello roos, it’s homes built from 2003-2007, it just coincides with when m/r was most prevalent in that area.

I didn’t say people avoid areas with minorities, just areas that are predominately one group when you are not a member of that group.

This is going to be boring for a lot of people but you cam along after my purchase, which was well doccumented in 2008 on the boards. I’ll try to summarize.

The house is too big for me, always will be, but I wanted the location and it happened to be already there. The lot is in the 7k sq ft range I think. It’s on a hill/cliff so there is about a hundred foot to my nearest neighbor behind and my ground is above their rooftop. The hill in between is hoa maintained, so their dogs don’t come up to my fence. My backyard extends 15 or so feet from the back of the house, I wanted it that way, low to no maintenance, room for a spa, bbq island, cigar area and that’s it. It also has wide side yards, maybe 15 feet and stepped up so nobody sees anyone’s windows, it’s tight but feels spacious. Yardwork is an hour a week, just what I wanted.

Paid 265k, orig owner bought new in 2006 for mid 600’s, put 100k into it and lost it but kinda gutted it and thrashed it so it took some money to make it livable, but did the work myself, not as bad as I thought.

http://piggington.com/tg_is_in_escrow?page=1

http://piggington.com/tg_closes_escrow

and the photo to give you a feel for the concret jungle suburbia that I enjoy

http://piggington.com/desk_view

The comparable communities in my view or the places I would live, Carlsbad, encinitas, most of the NCC (except oceanside), 4S, Poway, RB, Scripps, Carmel valley, Carmel Mtn, San elijo, I probably missed one but you get the drift. I also didn’t just move here, I moved here 20 years ago, from san diego but the reasons were the same. When i moved here from Cardiff, my house payment cost less than my apartment rent in cardiff and my commute was decreased. For even money, I’d still take temec vs the so.bay or east county, but that’s the funny thing, those places are still more expensive. But now that I’ve been doing this for so long, paying my mortgage on the many houses I’ve owned over the years and never paying more than a weeks pay for my entire housing costs for the month. I can’t go back, I like having extra money, I like not worrying.

[temeculaguy]

It’s not the mello roos, it’s homes built from 2003-2007, it just coincides with when m/r was most prevalent in that area.

I didn’t say people avoid areas with minorities, just areas that are predominately one group when you are not a member of that group.

This is going to be boring for a lot of people but you cam along after my purchase, which was well doccumented in 2008 on the boards. I’ll try to summarize.

The house is too big for me, always will be, but I wanted the location and it happened to be already there. The lot is in the 7k sq ft range I think. It’s on a hill/cliff so there is about a hundred foot to my nearest neighbor behind and my ground is above their rooftop. The hill in between is hoa maintained, so their dogs don’t come up to my fence. My backyard extends 15 or so feet from the back of the house, I wanted it that way, low to no maintenance, room for a spa, bbq island, cigar area and that’s it. It also has wide side yards, maybe 15 feet and stepped up so nobody sees anyone’s windows, it’s tight but feels spacious. Yardwork is an hour a week, just what I wanted.

Paid 265k, orig owner bought new in 2006 for mid 600’s, put 100k into it and lost it but kinda gutted it and thrashed it so it took some money to make it livable, but did the work myself, not as bad as I thought.

http://piggington.com/tg_is_in_escrow?page=1

http://piggington.com/tg_closes_escrow

and the photo to give you a feel for the concret jungle suburbia that I enjoy

http://piggington.com/desk_view

The comparable communities in my view or the places I would live, Carlsbad, encinitas, most of the NCC (except oceanside), 4S, Poway, RB, Scripps, Carmel valley, Carmel Mtn, San elijo, I probably missed one but you get the drift. I also didn’t just move here, I moved here 20 years ago, from san diego but the reasons were the same. When i moved here from Cardiff, my house payment cost less than my apartment rent in cardiff and my commute was decreased. For even money, I’d still take temec vs the so.bay or east county, but that’s the funny thing, those places are still more expensive. But now that I’ve been doing this for so long, paying my mortgage on the many houses I’ve owned over the years and never paying more than a weeks pay for my entire housing costs for the month. I can’t go back, I like having extra money, I like not worrying.

[temeculaguy]

It’s not the mello roos, it’s homes built from 2003-2007, it just coincides with when m/r was most prevalent in that area.

I didn’t say people avoid areas with minorities, just areas that are predominately one group when you are not a member of that group.

This is going to be boring for a lot of people but you cam along after my purchase, which was well doccumented in 2008 on the boards. I’ll try to summarize.

The house is too big for me, always will be, but I wanted the location and it happened to be already there. The lot is in the 7k sq ft range I think. It’s on a hill/cliff so there is about a hundred foot to my nearest neighbor behind and my ground is above their rooftop. The hill in between is hoa maintained, so their dogs don’t come up to my fence. My backyard extends 15 or so feet from the back of the house, I wanted it that way, low to no maintenance, room for a spa, bbq island, cigar area and that’s it. It also has wide side yards, maybe 15 feet and stepped up so nobody sees anyone’s windows, it’s tight but feels spacious. Yardwork is an hour a week, just what I wanted.

Paid 265k, orig owner bought new in 2006 for mid 600’s, put 100k into it and lost it but kinda gutted it and thrashed it so it took some money to make it livable, but did the work myself, not as bad as I thought.

http://piggington.com/tg_is_in_escrow?page=1

http://piggington.com/tg_closes_escrow

and the photo to give you a feel for the concret jungle suburbia that I enjoy

http://piggington.com/desk_view

The comparable communities in my view or the places I would live, Carlsbad, encinitas, most of the NCC (except oceanside), 4S, Poway, RB, Scripps, Carmel valley, Carmel Mtn, San elijo, I probably missed one but you get the drift. I also didn’t just move here, I moved here 20 years ago, from san diego but the reasons were the same. When i moved here from Cardiff, my house payment cost less than my apartment rent in cardiff and my commute was decreased. For even money, I’d still take temec vs the so.bay or east county, but that’s the funny thing, those places are still more expensive. But now that I’ve been doing this for so long, paying my mortgage on the many houses I’ve owned over the years and never paying more than a weeks pay for my entire housing costs for the month. I can’t go back, I like having extra money, I like not worrying.

[blahblahblah]

I have noticed those signs too, we are probably in the same neighborhood. Such a nice gesture, they always make me smile!

[blahblahblah]

I have noticed those signs too, we are probably in the same neighborhood. Such a nice gesture, they always make me smile!

[blahblahblah]

I have noticed those signs too, we are probably in the same neighborhood. Such a nice gesture, they always make me smile!

[blahblahblah]

I have noticed those signs too, we are probably in the same neighborhood. Such a nice gesture, they always make me smile!

[blahblahblah]

I have noticed those signs too, we are probably in the same neighborhood. Such a nice gesture, they always make me smile!

[bearishgurl]

[quote=temeculaguy]It’s not the mello roos, it’s homes built from 2003-2007, it just coincides with when m/r was most prevalent in that area.

I didn’t say people avoid areas with minorities, just areas that are predominately one group when you are not a member of that group.

This is going to be boring for a lot of people but you cam along after my purchase, which was well doccumented in 2008 on the boards. I’ll try to summarize.

The house is too big for me, always will be, but I wanted the location and it happened to be already there. The lot is in the 7k sq ft range I think. It’s on a hill/cliff so there is about a hundred foot to my nearest neighbor behind and my ground is above their rooftop. The hill in between is hoa maintained, so their dogs don’t come up to my fence. My backyard extends 15 or so feet from the back of the house, I wanted it that way, low to no maintenance, room for a spa, bbq island, cigar area and that’s it. It also has wide side yards, maybe 15 feet and stepped up so nobody sees anyone’s windows, it’s tight but feels spacious. Yardwork is an hour a week, just what I wanted.

Paid 265k, orig owner bought new in 2006 for mid 600’s, put 100k into it and lost it but kinda gutted it and thrashed it so it took some money to make it livable, but did the work myself, not as bad as I thought.

http://piggington.com/tg_is_in_escrow?page=1

http://piggington.com/tg_closes_escrow

and the photo to give you a feel for the concret jungle suburbia that I enjoy

http://piggington.com/desk_view

The comparable communities in my view or the places I would live, Carlsbad, encinitas, most of the NCC (except oceanside), 4S, Poway, RB, Scripps, Carmel valley, Carmel Mtn, San elijo, I probably missed one but you get the drift. I also didn’t just move here, I moved here 20 years ago, from san diego but the reasons were the same. When i moved here from Cardiff, my house payment cost less than my apartment rent in cardiff and my commute was decreased. For even money, I’d still take temec vs the so.bay or east county, but that’s the funny thing, those places are still more expensive. But now that I’ve been doing this for so long, paying my mortgage on the many houses I’ve owned over the years and never paying more than a weeks pay for my entire housing costs for the month. I can’t go back, I like having extra money, I like not worrying.[/quote]

TG, are you saying that you actually moved to Temecula when in was still rural (about 1990)?

Re: your 3rd link photo – wow, you are truly “in the flats” in a “sea of tract houses.”

Re: your second link, you stated you were able to submit your offer and deposit for your $270K bid BEFORE the listing agent was able to put the property into the MLS. Are you a licensee and did you represent yourself? Why did the bank in your case look at your bid before giving time for the rest of the bids to accumulate . . . to create their *usual* bidding wars?? Which bank was this . . . not that it matters too much now, because they ALL seem to be playing games with buyer offers?

Do you think the high MR, water bond and HOA was the reason the bank wanted to unload it so quickly, at any price?

Re: your second link, did you ever recover the fixtures/window coverings that went with your house from the neighbor who had them?

In your opinion, what was your property REALLY worth when you purchased it? What did your appraisal come in at? Do you know if any other neighbors on your street actually paid $600K or thereabouts in 2006 or are they all gone now?

You mention all those areas of San Diego County that you would have been happy with. Did you ever look in those areas for housing before you put in an offer on your present residence in Temecula? Did you ever make any offers in SD County? If so, can you tell us what happened with those offers?

***********************************************

Re: Chula Vista zip annexations of 91913, 91914 and 91915, it is the MR and HOA dues, sometimes multiple HOA(s) on the same property, that is/was causing the unaffordability. The very first MR in SD County debuted in Eastlake Shores (91913) in 1987, now with seven years still left. It has been a struggle for these owners SINCE DAY ONE to pay sometimes 3 layers of HOA plus MR on minuscule condos and tiny entry-level SFR’s. This area plus Eastlake Hills (some 20-yr. bonds pd. off 5/07) and Eastlake Greens pre-dated the recent bubble. Eastlake Shores predated it by 17 years. There were many foreclosures in ES in the RE downturn of the early-mid nineties and the values there continue to be soft today. The bulk of the inventory in that area was built on substandard lots in comparison with a nearby tract to the west which was built approx. 1968.

In Chula Vista, the excessive MR bonds and often multiple HOA dues on the same property very definitely contributed to its recent downfall and subsequent crash.

Re: history of MR bonds in SD County, Poway was the second city (after Chula Vista) to adopt and impose the MR bonds on new construction.

We can all learn from the failed experiment in Chula Vista of what happens down the road with the practical application of MR bonds in conjunction with HOA’s.

[bearishgurl]

[quote=temeculaguy]It’s not the mello roos, it’s homes built from 2003-2007, it just coincides with when m/r was most prevalent in that area.

I didn’t say people avoid areas with minorities, just areas that are predominately one group when you are not a member of that group.

This is going to be boring for a lot of people but you cam along after my purchase, which was well doccumented in 2008 on the boards. I’ll try to summarize.

The house is too big for me, always will be, but I wanted the location and it happened to be already there. The lot is in the 7k sq ft range I think. It’s on a hill/cliff so there is about a hundred foot to my nearest neighbor behind and my ground is above their rooftop. The hill in between is hoa maintained, so their dogs don’t come up to my fence. My backyard extends 15 or so feet from the back of the house, I wanted it that way, low to no maintenance, room for a spa, bbq island, cigar area and that’s it. It also has wide side yards, maybe 15 feet and stepped up so nobody sees anyone’s windows, it’s tight but feels spacious. Yardwork is an hour a week, just what I wanted.

Paid 265k, orig owner bought new in 2006 for mid 600’s, put 100k into it and lost it but kinda gutted it and thrashed it so it took some money to make it livable, but did the work myself, not as bad as I thought.

http://piggington.com/tg_is_in_escrow?page=1

http://piggington.com/tg_closes_escrow

and the photo to give you a feel for the concret jungle suburbia that I enjoy

http://piggington.com/desk_view

The comparable communities in my view or the places I would live, Carlsbad, encinitas, most of the NCC (except oceanside), 4S, Poway, RB, Scripps, Carmel valley, Carmel Mtn, San elijo, I probably missed one but you get the drift. I also didn’t just move here, I moved here 20 years ago, from san diego but the reasons were the same. When i moved here from Cardiff, my house payment cost less than my apartment rent in cardiff and my commute was decreased. For even money, I’d still take temec vs the so.bay or east county, but that’s the funny thing, those places are still more expensive. But now that I’ve been doing this for so long, paying my mortgage on the many houses I’ve owned over the years and never paying more than a weeks pay for my entire housing costs for the month. I can’t go back, I like having extra money, I like not worrying.[/quote]

TG, are you saying that you actually moved to Temecula when in was still rural (about 1990)?

Re: your 3rd link photo – wow, you are truly “in the flats” in a “sea of tract houses.”

Re: your second link, you stated you were able to submit your offer and deposit for your $270K bid BEFORE the listing agent was able to put the property into the MLS. Are you a licensee and did you represent yourself? Why did the bank in your case look at your bid before giving time for the rest of the bids to accumulate . . . to create their *usual* bidding wars?? Which bank was this . . . not that it matters too much now, because they ALL seem to be playing games with buyer offers?

Do you think the high MR, water bond and HOA was the reason the bank wanted to unload it so quickly, at any price?

Re: your second link, did you ever recover the fixtures/window coverings that went with your house from the neighbor who had them?

In your opinion, what was your property REALLY worth when you purchased it? What did your appraisal come in at? Do you know if any other neighbors on your street actually paid $600K or thereabouts in 2006 or are they all gone now?

You mention all those areas of San Diego County that you would have been happy with. Did you ever look in those areas for housing before you put in an offer on your present residence in Temecula? Did you ever make any offers in SD County? If so, can you tell us what happened with those offers?

***********************************************

Re: Chula Vista zip annexations of 91913, 91914 and 91915, it is the MR and HOA dues, sometimes multiple HOA(s) on the same property, that is/was causing the unaffordability. The very first MR in SD County debuted in Eastlake Shores (91913) in 1987, now with seven years still left. It has been a struggle for these owners SINCE DAY ONE to pay sometimes 3 layers of HOA plus MR on minuscule condos and tiny entry-level SFR’s. This area plus Eastlake Hills (some 20-yr. bonds pd. off 5/07) and Eastlake Greens pre-dated the recent bubble. Eastlake Shores predated it by 17 years. There were many foreclosures in ES in the RE downturn of the early-mid nineties and the values there continue to be soft today. The bulk of the inventory in that area was built on substandard lots in comparison with a nearby tract to the west which was built approx. 1968.

In Chula Vista, the excessive MR bonds and often multiple HOA dues on the same property very definitely contributed to its recent downfall and subsequent crash.

Re: history of MR bonds in SD County, Poway was the second city (after Chula Vista) to adopt and impose the MR bonds on new construction.

We can all learn from the failed experiment in Chula Vista of what happens down the road with the practical application of MR bonds in conjunction with HOA’s.

[bearishgurl]

[quote=temeculaguy]It’s not the mello roos, it’s homes built from 2003-2007, it just coincides with when m/r was most prevalent in that area.

I didn’t say people avoid areas with minorities, just areas that are predominately one group when you are not a member of that group.

This is going to be boring for a lot of people but you cam along after my purchase, which was well doccumented in 2008 on the boards. I’ll try to summarize.

The house is too big for me, always will be, but I wanted the location and it happened to be already there. The lot is in the 7k sq ft range I think. It’s on a hill/cliff so there is about a hundred foot to my nearest neighbor behind and my ground is above their rooftop. The hill in between is hoa maintained, so their dogs don’t come up to my fence. My backyard extends 15 or so feet from the back of the house, I wanted it that way, low to no maintenance, room for a spa, bbq island, cigar area and that’s it. It also has wide side yards, maybe 15 feet and stepped up so nobody sees anyone’s windows, it’s tight but feels spacious. Yardwork is an hour a week, just what I wanted.

Paid 265k, orig owner bought new in 2006 for mid 600’s, put 100k into it and lost it but kinda gutted it and thrashed it so it took some money to make it livable, but did the work myself, not as bad as I thought.

http://piggington.com/tg_is_in_escrow?page=1

http://piggington.com/tg_closes_escrow

and the photo to give you a feel for the concret jungle suburbia that I enjoy

http://piggington.com/desk_view

The comparable communities in my view or the places I would live, Carlsbad, encinitas, most of the NCC (except oceanside), 4S, Poway, RB, Scripps, Carmel valley, Carmel Mtn, San elijo, I probably missed one but you get the drift. I also didn’t just move here, I moved here 20 years ago, from san diego but the reasons were the same. When i moved here from Cardiff, my house payment cost less than my apartment rent in cardiff and my commute was decreased. For even money, I’d still take temec vs the so.bay or east county, but that’s the funny thing, those places are still more expensive. But now that I’ve been doing this for so long, paying my mortgage on the many houses I’ve owned over the years and never paying more than a weeks pay for my entire housing costs for the month. I can’t go back, I like having extra money, I like not worrying.[/quote]

TG, are you saying that you actually moved to Temecula when in was still rural (about 1990)?

Re: your 3rd link photo – wow, you are truly “in the flats” in a “sea of tract houses.”

Re: your second link, you stated you were able to submit your offer and deposit for your $270K bid BEFORE the listing agent was able to put the property into the MLS. Are you a licensee and did you represent yourself? Why did the bank in your case look at your bid before giving time for the rest of the bids to accumulate . . . to create their *usual* bidding wars?? Which bank was this . . . not that it matters too much now, because they ALL seem to be playing games with buyer offers?

Do you think the high MR, water bond and HOA was the reason the bank wanted to unload it so quickly, at any price?

Re: your second link, did you ever recover the fixtures/window coverings that went with your house from the neighbor who had them?

In your opinion, what was your property REALLY worth when you purchased it? What did your appraisal come in at? Do you know if any other neighbors on your street actually paid $600K or thereabouts in 2006 or are they all gone now?

You mention all those areas of San Diego County that you would have been happy with. Did you ever look in those areas for housing before you put in an offer on your present residence in Temecula? Did you ever make any offers in SD County? If so, can you tell us what happened with those offers?

***********************************************

Re: Chula Vista zip annexations of 91913, 91914 and 91915, it is the MR and HOA dues, sometimes multiple HOA(s) on the same property, that is/was causing the unaffordability. The very first MR in SD County debuted in Eastlake Shores (91913) in 1987, now with seven years still left. It has been a struggle for these owners SINCE DAY ONE to pay sometimes 3 layers of HOA plus MR on minuscule condos and tiny entry-level SFR’s. This area plus Eastlake Hills (some 20-yr. bonds pd. off 5/07) and Eastlake Greens pre-dated the recent bubble. Eastlake Shores predated it by 17 years. There were many foreclosures in ES in the RE downturn of the early-mid nineties and the values there continue to be soft today. The bulk of the inventory in that area was built on substandard lots in comparison with a nearby tract to the west which was built approx. 1968.

In Chula Vista, the excessive MR bonds and often multiple HOA dues on the same property very definitely contributed to its recent downfall and subsequent crash.

Re: history of MR bonds in SD County, Poway was the second city (after Chula Vista) to adopt and impose the MR bonds on new construction.

We can all learn from the failed experiment in Chula Vista of what happens down the road with the practical application of MR bonds in conjunction with HOA’s.

[bearishgurl]

[quote=temeculaguy]It’s not the mello roos, it’s homes built from 2003-2007, it just coincides with when m/r was most prevalent in that area.

I didn’t say people avoid areas with minorities, just areas that are predominately one group when you are not a member of that group.

This is going to be boring for a lot of people but you cam along after my purchase, which was well doccumented in 2008 on the boards. I’ll try to summarize.

The house is too big for me, always will be, but I wanted the location and it happened to be already there. The lot is in the 7k sq ft range I think. It’s on a hill/cliff so there is about a hundred foot to my nearest neighbor behind and my ground is above their rooftop. The hill in between is hoa maintained, so their dogs don’t come up to my fence. My backyard extends 15 or so feet from the back of the house, I wanted it that way, low to no maintenance, room for a spa, bbq island, cigar area and that’s it. It also has wide side yards, maybe 15 feet and stepped up so nobody sees anyone’s windows, it’s tight but feels spacious. Yardwork is an hour a week, just what I wanted.

Paid 265k, orig owner bought new in 2006 for mid 600’s, put 100k into it and lost it but kinda gutted it and thrashed it so it took some money to make it livable, but did the work myself, not as bad as I thought.

http://piggington.com/tg_is_in_escrow?page=1

http://piggington.com/tg_closes_escrow

and the photo to give you a feel for the concret jungle suburbia that I enjoy

http://piggington.com/desk_view

The comparable communities in my view or the places I would live, Carlsbad, encinitas, most of the NCC (except oceanside), 4S, Poway, RB, Scripps, Carmel valley, Carmel Mtn, San elijo, I probably missed one but you get the drift. I also didn’t just move here, I moved here 20 years ago, from san diego but the reasons were the same. When i moved here from Cardiff, my house payment cost less than my apartment rent in cardiff and my commute was decreased. For even money, I’d still take temec vs the so.bay or east county, but that’s the funny thing, those places are still more expensive. But now that I’ve been doing this for so long, paying my mortgage on the many houses I’ve owned over the years and never paying more than a weeks pay for my entire housing costs for the month. I can’t go back, I like having extra money, I like not worrying.[/quote]

TG, are you saying that you actually moved to Temecula when in was still rural (about 1990)?

Re: your 3rd link photo – wow, you are truly “in the flats” in a “sea of tract houses.”

Re: your second link, you stated you were able to submit your offer and deposit for your $270K bid BEFORE the listing agent was able to put the property into the MLS. Are you a licensee and did you represent yourself? Why did the bank in your case look at your bid before giving time for the rest of the bids to accumulate . . . to create their *usual* bidding wars?? Which bank was this . . . not that it matters too much now, because they ALL seem to be playing games with buyer offers?

Do you think the high MR, water bond and HOA was the reason the bank wanted to unload it so quickly, at any price?

Re: your second link, did you ever recover the fixtures/window coverings that went with your house from the neighbor who had them?

In your opinion, what was your property REALLY worth when you purchased it? What did your appraisal come in at? Do you know if any other neighbors on your street actually paid $600K or thereabouts in 2006 or are they all gone now?

You mention all those areas of San Diego County that you would have been happy with. Did you ever look in those areas for housing before you put in an offer on your present residence in Temecula? Did you ever make any offers in SD County? If so, can you tell us what happened with those offers?

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Re: Chula Vista zip annexations of 91913, 91914 and 91915, it is the MR and HOA dues, sometimes multiple HOA(s) on the same property, that is/was causing the unaffordability. The very first MR in SD County debuted in Eastlake Shores (91913) in 1987, now with seven years still left. It has been a struggle for these owners SINCE DAY ONE to pay sometimes 3 layers of HOA plus MR on minuscule condos and tiny entry-level SFR’s. This area plus Eastlake Hills (some 20-yr. bonds pd. off 5/07) and Eastlake Greens pre-dated the recent bubble. Eastlake Shores predated it by 17 years. There were many foreclosures in ES in the RE downturn of the early-mid nineties and the values there continue to be soft today. The bulk of the inventory in that area was built on substandard lots in comparison with a nearby tract to the west which was built approx. 1968.

In Chula Vista, the excessive MR bonds and often multiple HOA dues on the same property very definitely contributed to its recent downfall and subsequent crash.

Re: history of MR bonds in SD County, Poway was the second city (after Chula Vista) to adopt and impose the MR bonds on new construction.

We can all learn from the failed experiment in Chula Vista of what happens down the road with the practical application of MR bonds in conjunction with HOA’s.

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