should I buy in temecula

[fun4vnay2]

commute is an issue along with good schools for kids.
May buy a property in TV in future…

[The-Shoveler]

When you get older you need to get away from the cold/humidity of the coast in some cases.

IMO TV kind of fits that bill without getting too far from the major SoCal cities and airports.

It’s a good retirement destination IMO, you can always spend a few dimes at the casino LOL.

The issue i see with Julian is it gets really cold and snowy in the winter (that could be a Plus for some however), also its not easy to get to or out of (no major freeways).

[FlyerInHi]

For retirement, I think the choice is more where you want to be, closer to the people you care about.

But if it were a totally independent decision, the central coast is nice, if you want peaceful and quiet. Maybe San Luis Obispo, a university town that grew organically.

Temecula’s demographics is housing refugees from SD, OC and LA. A lot of people are there because of pocketbook issues; but really deep down, they’d rather be in SD, OC, LA. It’s the ultimate settling. I know, scaredy said it before, he’s totally unsettled. But I think he’s the exception.

Temecula seems like it’s for Californians who want a clean, new suburban life. It’s also for refugees from the coast who couldn’t hang but can’t quite leave California for Colorado, Utah, Oregon..

I know, I’m in Vegas. I meet a lot of Californians who think of Vegas as California extended. They would rather be in California, and they aren’t ready to move to Colorado or Kansas. They have settled, but they are really very unsettled.

Me, I’ve decided that I will do like many Hawaiians. I will retire in Vegas and Honolulu. Don’t need a big place. A small well-designed condo at the beach is OK.

[The-Shoveler]

That’s OK if you never develop skin or lung issues, then you may end up staying a lot more in Vegas.

In my mothers retirement complex there are quite a few retired transplants from Hawaii (that’s in Valencia, very similar to TV weather wise and demographics).

[spdrun]

If you’re no longer managing property there, why would you bother with a rathole like Vegas if you have a condo in Hawaii?

[scaredyclassic]

[quote=temeculaguy]Hi gang, long time no see. I was bored, clicked on piggington that still is in my “favorites” list and started to read a little. This comment pulled me out of retirement. First off, so glad to see Paramount has stuck it out up here, if he kept both houses his balance sheet thanks him.

Now to the retirement comment. I’m not too far from it and recently conducted an inventory of the good and bad as far as staying put once retired. For those who don’t remember me, I bought at a fairly lucky time and got a 5/4, 3 car garage at the tail end of 2008 for 270k that was a repo originally purchased for the mid 600’s. Houses on my street are going for the high 400’s to low 500’s, so I’m a happy camper right now and have about 50% equity and a sub 2k mortgage with impounds included. Now that the backstory is complete, I have about 5 years until I retire. I did find a soon to be Mrs. TG and the kids have lived at college for quite some time with the oldest graduating in December. BTW empty nesting is awesome.

So retirement is something I think about more and more and the thought of downsizing or relocating is in those thoughts. The problem is that the future Mrs. TG has grown kids (and some grandkids) who live north and mine live South, we rarely get a weekend that someone isn’t visiting. They all love the wineries, old town, pechanga and the endless festivals and events. I’ve had to declare “no visitor weekends” every few months just to get some errands done and to rest my liver. As far as wanting friends to visit for weeks not days, I make people tell me when they are leaving before they come because weekends turn to weeks because they always have more fun than they thought and extend their stays.

As far as travel, I think it is ideal, we are an hour or so from 4 or 5 airports. SD is not a perfect hub for travel and sometimes is costlier than the other other airports. I don’t mind paying for parking and I’m a direct flight junkie, I hate transfers with the luggage and logistical issues. being under 90 minutes from LAX, SNA, ONT and SND gives me the opportunity to go most anywhere directly on our airlines of choice. We’ve been traveling a lot lately and SD is my least favorite airport for many destinations.

Sometimes I’ve pondered a move but everyone I care to have in my home likes coming here and I’ve got 4 queen beds in the 4 guest rooms, most with private bathrooms, they all want me to stay here.

Finally, I’m a numbers guy and the greatest drawback to Temecula is it’s distance for commuters, so why would I pay more to be closer to a job that I wont be going to. Seems to me, the low overhead is the greatest reason to stay. I have done all the math and if i stay, I’ll have 70% of my retirement income be discretionary. Wasn’t that the beauty of all the hard lessons we learned from the great recession.

Another anecdotal example of retirement is my parents, they sold their LA home and paid cash for a temecula home with their LA equity and then retired. They are never home, all they do is travel and they love it.Sure they had to pay $12 a day to park at LAX on their last 30 day trip to Europe. That’s $360!! and their mortgage is $0, not 3k. In fact they brag that their flight, hotel, parking and expenses were less that 2 months mortgage in their former centrally located house of the same size as their current one. So yeah, I’m retiring in Temecula.[/quote]

Wait…numbers wise, does marriage make sense?

[scaredyclassic]

Did I ever mention the man I bought my large teak outdoor table from? He had,all this big expensive furniture he’d bought hoping some of his many kids,would come by postdivorce. But no one came by. So he sold it to me for a song.

Saddest purchase I’d ever made.

[flyer]

Agree many people who live in TV love it, others wish they could live somewhere else. I’ve heard both sides from many people.

Since we kind of live out in the country, yet near the beach in rsf, we plan to stay. We’re definitely beach lovers, along with everything else we do, so our location just makes sense for us and for our families. We do have a place in HI, and also enjoy spending time there, as well as other spots. It’s all about personal choices, and no one-size-fits-all.

[paramount]

[quote=FlyerInHi]

I know, I’m in Vegas. I meet a lot of Californians who think of Vegas as California extended. They would rather be in California, and they aren’t ready to move to Colorado or Kansas. They have settled, but they are really very unsettled.

Me, I’ve decided that I will do like many Hawaiians. I will retire in Vegas and Honolulu. Don’t need a big place. A small well-designed condo at the beach is OK.[/quote]

We usually go to Vegas 2-3 times/year, in fact I just got back.

With each visit I seem to like Vegas less and less. Maybe it’s age.

It seems so dirty in so many ways.

Is the air quality in Vegas or Casinos really bad? It’s like I have allergies.

[paramount]

[quote=FlyerInHi]

Temecula’s demographics is housing refugees from SD, OC and LA. A lot of people are there because of pocketbook issues; but really deep down, they’d rather be in SD, OC, LA. It’s the ultimate settling. I know, scaredy said it before, he’s totally unsettled. But I think he’s the exception.

[/quote]

I used to think that as well, but now that I could move to a ‘nice’ area of SD, I have no desire to leave Temecula.

Temecula is a great place to live, it really truly is….

[paramount]

I will say this: as far as I can tell, Vegas is booming right now. Even mid week Vegas is packed!!

[temeculaguy]

Thanks for the well wishes, and right back at you. In the two or three years I haven’t posted I have stayed in touch with some old friends I met here. It’s like a high school reunion, fondly remembering a confusing and awkward time in life and happily finding out most have grown into happy adults.

carlsbadworker-I love uber and use it regularly but my parents are nearing 70, texting, missed calls and voicemail can baffle them, I’m not sure they will ever be ready for uber.

shoveler- I’m not quite a boomer, a little under 50 so the stairs are still a good thing, hopefully for another decade or two. But I do not want a bigger house, I’d prefer smaller but we have too many guests which I do not see slowing down anytime soon. Scardy will never buy my patio furniture, it gets way too much use.

FlyerinHI- I agree, when I moved here 25 years ago I was working in the North County and my Cardiff commute was the same as my temecula commute. I worked at that location for more than 10 years and never regretted the move. At the time San Marcos wasn’t what it is today and SEH didn’t exist, who knows I may have bought there, but I have no regrets.

spdrun- I love Julian but the drawback for a retiree is medical services and emergency medical response. I need to have a costco and a home depot withing 5 miles as well, but that’s me.

Theshoveler-funny you would draw the comparison with valencia and TV, I grew up in Valencia so maybe that’s why I feel at home in TV.

flyer-I get the beach lover thing. If I had the means I’d be your neighbor. RSF is the perfect blend. But the places I lived when I lived at the beach were too crowded and parking was always a pain. But I’m not a beach guy, I never went to it when I lived there. I do golf, visit the wineries, go to the casino and go to old town, all about a $10 uber ride away. So like many have said, it’s so individual it’s hard for any two people to have the same opinion on a good retirement spot.

paramount-I’m very proud of you, its also wonderful to see you so happy.

scaredy-The answer is no, the numbers never work out in marriage. Risk management is the best anyone can do once the heart is involved. Don’t worry bout ole TG, If I’m anything I’m a tireless researcher and prepared for anything. Without going into the details, lets just call it a no-downside risk scenario, plus she’s hotter in her late 40’s than most 30 year olds. I’d go on about my relationship but it might anger folks. Plus of I typed the details it would baffle people because of our different history, race, childhood, etc. But if you spent an hour seeing us together, you’d understand. That said, there’s still a prenup/trust. It’s more about inheritance than divorce. Older couples who have their own grown children and grandchildren need to take these real word legal steps regardless of feelings. Nobody gets out of here alive and rarely do people die the same day. Lawyers need to earn a living too.

Rich, glad you still do what you do, I consider you a friend and consider myself a fan of yours. I haven’t posted but I still read your articles. I do not think you will ever know the impact on others you’ve had over the years. I for one would not be in such a comfortable position if not fr your efforts.

[FlyerInHi]

spd, Vegas is kinda of a rat hole just because the bling attracts flimflammers. But they are fun to watch… I don’t need to go the zoo. There’s a lot of entertainment here.

Paramount, if you think Temecula recovered nicely, Vegas is even better, if you were prescient enough to buy at the bottom. The Chinese from Malaysia bought land on the strip at the bottom and are now building a new Asian themed casino complete with a Great Wall of China. Invest $500,000 and you get a green card!

There even is a Chinese radio station here. I think that wherever the Asians go, real estate prices go up — San Francisco, Monterey Park, Irvine, Carmel Valley, etc…

I don’t think I would want to give up my rentals in Vegas. The ROI is too good. Maybe if there’s a bubble again, but not if we have steady appreciation.

BTW, I don’t think the US housing market as a whole is anywhere near a bubble. I would first watch for a bubble bust in Canada as a warning for us. Maybe we will have a repeat of the S&L type housing crisis in some coastal markets.

[spdrun]

What does Vegas have that other cities don’t at this point? Everyone and their mom legalized gambling, you can no longer watch atomic fireworks from rooftops since the 1960s. OK, prostitution is legal outside the city, but that’s not hard to find in other places.

[scaredyclassic]

Regarding stairs…it is critical to be careful at any age. My lawyer friend recently fractured his back on his stairs….a few months ago I tripped while bounding up my stairs and bruised my shoulder. My brother broke an ankle on stairs. I’m now acutely aware of stairway risk. In all those cases it was because distractible events were occurring on stairs. But I am now hyperaware while stepping. Focus!!! Inspect and use the bannister!! It’s not just dangerous for the elderly.

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