Temecula Horse properties

[tlefort]

A gerneral question about the Temecula Horse Property market (Over 2 acres lots). I have been patiently waiting and searching east Temecula near Lake Skinner and Eastern French Valley waiting for reasonable priced horse properties (Under 300k). I have started to recently see a few fixers at 350 and even a few at 300 or below.
My wife wants to wait a bit more as we both think these so called “Wine Country” Homes have some further to fall. Not everyone wants that much land, we need it for her business. The last 6 months I keep seeing better and better deals. We plan on waiting 6 to 12 months more unless an incredable deal comes along.

What does Temeculaguy and others think about the “Wine Country Area”? Some of these people out there are living in incredable denial. There are a lot of 600k-1 million$ places but NOTHING is selling and these prices are still 50% above what they were 3 years ago. Do you all think this area is in for more declines? I think it is but would value others opinions.
Thanks

[temeculaguy]

It is a niche market, one that I have not studied enough to make a reliable prediction. I can say that it has lagged the tract home market in town as far as price reductions go. Everytime I meet a wie country person I find they don’t always fit the typical fb, they tend to be transplants in their 40’s to 60’s, with money taken out of the O.C. and S.D. markets, while others have been there 10-20 years. They tend to be more financially stable than the fb’s from town. These are generalizations and I do know there are plenty of stable owners with few places to go (these are not the kind of folk that can move to a rental easily). I have to think there are very few buyers out there and fewer coming. I think it is wise to wait longer, even though it is only a few miles away, it is a different demographic, for the most part these are not 9-5 working stiffs, like the townies. It may take longer for economic stress to set in.

Horses and land for the recreational gentleman rancher/crazy horse lady are an incredible money drain. Logic says that in these times, people will reduce expenses, making these non income producing ranches less appealing. The problem is that horse people are different, it isn’t a hobby, it’s like a cult. I understand them no more than I understand suicide bombers, the Raiders owner Al Davis or breast reductions. Some things are just too much for my little mind to grasp.

[temeculaguy]

It is a niche market, one that I have not studied enough to make a reliable prediction. I can say that it has lagged the tract home market in town as far as price reductions go. Everytime I meet a wie country person I find they don’t always fit the typical fb, they tend to be transplants in their 40’s to 60’s, with money taken out of the O.C. and S.D. markets, while others have been there 10-20 years. They tend to be more financially stable than the fb’s from town. These are generalizations and I do know there are plenty of stable owners with few places to go (these are not the kind of folk that can move to a rental easily). I have to think there are very few buyers out there and fewer coming. I think it is wise to wait longer, even though it is only a few miles away, it is a different demographic, for the most part these are not 9-5 working stiffs, like the townies. It may take longer for economic stress to set in.

Horses and land for the recreational gentleman rancher/crazy horse lady are an incredible money drain. Logic says that in these times, people will reduce expenses, making these non income producing ranches less appealing. The problem is that horse people are different, it isn’t a hobby, it’s like a cult. I understand them no more than I understand suicide bombers, the Raiders owner Al Davis or breast reductions. Some things are just too much for my little mind to grasp.

[temeculaguy]

It is a niche market, one that I have not studied enough to make a reliable prediction. I can say that it has lagged the tract home market in town as far as price reductions go. Everytime I meet a wie country person I find they don’t always fit the typical fb, they tend to be transplants in their 40’s to 60’s, with money taken out of the O.C. and S.D. markets, while others have been there 10-20 years. They tend to be more financially stable than the fb’s from town. These are generalizations and I do know there are plenty of stable owners with few places to go (these are not the kind of folk that can move to a rental easily). I have to think there are very few buyers out there and fewer coming. I think it is wise to wait longer, even though it is only a few miles away, it is a different demographic, for the most part these are not 9-5 working stiffs, like the townies. It may take longer for economic stress to set in.

Horses and land for the recreational gentleman rancher/crazy horse lady are an incredible money drain. Logic says that in these times, people will reduce expenses, making these non income producing ranches less appealing. The problem is that horse people are different, it isn’t a hobby, it’s like a cult. I understand them no more than I understand suicide bombers, the Raiders owner Al Davis or breast reductions. Some things are just too much for my little mind to grasp.

[temeculaguy]

It is a niche market, one that I have not studied enough to make a reliable prediction. I can say that it has lagged the tract home market in town as far as price reductions go. Everytime I meet a wie country person I find they don’t always fit the typical fb, they tend to be transplants in their 40’s to 60’s, with money taken out of the O.C. and S.D. markets, while others have been there 10-20 years. They tend to be more financially stable than the fb’s from town. These are generalizations and I do know there are plenty of stable owners with few places to go (these are not the kind of folk that can move to a rental easily). I have to think there are very few buyers out there and fewer coming. I think it is wise to wait longer, even though it is only a few miles away, it is a different demographic, for the most part these are not 9-5 working stiffs, like the townies. It may take longer for economic stress to set in.

Horses and land for the recreational gentleman rancher/crazy horse lady are an incredible money drain. Logic says that in these times, people will reduce expenses, making these non income producing ranches less appealing. The problem is that horse people are different, it isn’t a hobby, it’s like a cult. I understand them no more than I understand suicide bombers, the Raiders owner Al Davis or breast reductions. Some things are just too much for my little mind to grasp.

[temeculaguy]

It is a niche market, one that I have not studied enough to make a reliable prediction. I can say that it has lagged the tract home market in town as far as price reductions go. Everytime I meet a wie country person I find they don’t always fit the typical fb, they tend to be transplants in their 40’s to 60’s, with money taken out of the O.C. and S.D. markets, while others have been there 10-20 years. They tend to be more financially stable than the fb’s from town. These are generalizations and I do know there are plenty of stable owners with few places to go (these are not the kind of folk that can move to a rental easily). I have to think there are very few buyers out there and fewer coming. I think it is wise to wait longer, even though it is only a few miles away, it is a different demographic, for the most part these are not 9-5 working stiffs, like the townies. It may take longer for economic stress to set in.

Horses and land for the recreational gentleman rancher/crazy horse lady are an incredible money drain. Logic says that in these times, people will reduce expenses, making these non income producing ranches less appealing. The problem is that horse people are different, it isn’t a hobby, it’s like a cult. I understand them no more than I understand suicide bombers, the Raiders owner Al Davis or breast reductions. Some things are just too much for my little mind to grasp.

[5yearwaiter]

Hi Temeculaguy,

What are the best Temecula areas to buy and rent them for a while. I am not familiar with full area details like where is main commerce in Temecula and where people live and commute. What I am looking is just buy some good demand area for giving it to rent if I buy a property.

P.S: Near and around Temecula is also fine if you want to suggest something towards my questions.
Thanks

[5yearwaiter]

Hi Temeculaguy,

What are the best Temecula areas to buy and rent them for a while. I am not familiar with full area details like where is main commerce in Temecula and where people live and commute. What I am looking is just buy some good demand area for giving it to rent if I buy a property.

P.S: Near and around Temecula is also fine if you want to suggest something towards my questions.
Thanks

[5yearwaiter]

Hi Temeculaguy,

What are the best Temecula areas to buy and rent them for a while. I am not familiar with full area details like where is main commerce in Temecula and where people live and commute. What I am looking is just buy some good demand area for giving it to rent if I buy a property.

P.S: Near and around Temecula is also fine if you want to suggest something towards my questions.
Thanks

[5yearwaiter]

Hi Temeculaguy,

What are the best Temecula areas to buy and rent them for a while. I am not familiar with full area details like where is main commerce in Temecula and where people live and commute. What I am looking is just buy some good demand area for giving it to rent if I buy a property.

P.S: Near and around Temecula is also fine if you want to suggest something towards my questions.
Thanks

[5yearwaiter]

Hi Temeculaguy,

What are the best Temecula areas to buy and rent them for a while. I am not familiar with full area details like where is main commerce in Temecula and where people live and commute. What I am looking is just buy some good demand area for giving it to rent if I buy a property.

P.S: Near and around Temecula is also fine if you want to suggest something towards my questions.
Thanks

[Allan from Fallbrook]

tlefort: A gal I know moved from Fallbrook to Temecula horse country and picked up an 18ac place with a 3,000sf home (backside of wine country) for $616k (priced down from $900k). This was during the summer.

I don’t know how far prices have declined since then, but my daughter rides locally (Bonsall) and I know the “horsey” set has been hit particularly hard as of late and folks are selling horses, trailers, trucks and properties due to the financial drain TG mentioned.

[Allan from Fallbrook]

tlefort: A gal I know moved from Fallbrook to Temecula horse country and picked up an 18ac place with a 3,000sf home (backside of wine country) for $616k (priced down from $900k). This was during the summer.

I don’t know how far prices have declined since then, but my daughter rides locally (Bonsall) and I know the “horsey” set has been hit particularly hard as of late and folks are selling horses, trailers, trucks and properties due to the financial drain TG mentioned.

[Allan from Fallbrook]

tlefort: A gal I know moved from Fallbrook to Temecula horse country and picked up an 18ac place with a 3,000sf home (backside of wine country) for $616k (priced down from $900k). This was during the summer.

I don’t know how far prices have declined since then, but my daughter rides locally (Bonsall) and I know the “horsey” set has been hit particularly hard as of late and folks are selling horses, trailers, trucks and properties due to the financial drain TG mentioned.

[Allan from Fallbrook]

tlefort: A gal I know moved from Fallbrook to Temecula horse country and picked up an 18ac place with a 3,000sf home (backside of wine country) for $616k (priced down from $900k). This was during the summer.

I don’t know how far prices have declined since then, but my daughter rides locally (Bonsall) and I know the “horsey” set has been hit particularly hard as of late and folks are selling horses, trailers, trucks and properties due to the financial drain TG mentioned.

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