Temecula Horse properties

[svelte]

People are giving up their horses, some dropping them off unannounced at shelters.

http://www.cnn.com/2009/LIVING/03/22/homeless.horses/index.html

[tlefort]

Thanks to all for your responses.

This board (and several others) have helped me make smart decisions these last few years.(Actually my decision has been to sit and wait this out). Now that a lot of the S%*t has already hit the fan these last few years, the big questions left are, how low will it go and how long will it take?
I think Wine country has a ways to go. There were a lot of spec homes built these last few years. People had big dreams of big profits. I know a lot of them and a year or two ago when I told them this was going to end bad, they all blew me off as chicken little. Now I see places that wanted a million and will be lucky to get 500k. And the smaller, older original homes on acreage are getting into the 300k range. I am still in the school that if the right place comes along and it solves my horse boarding problem I will jump. I have noticed a few bank owned properties coming on line listed at 20% off the short sale price. Only to be bid up past the short sale price.

I think some people think this will all blow over after the stimulus package takes over. I have news, we may never again see in our life times those inflated prices. They just are NOT coming back. I think as time wears on more and more people will realize this. I still hear people saying to me, “better jump in before these prices take off again”. Until I stop hearing that and all the people who are buying homes as “Investments” or get rich quick schemes are weeded out, we still have some down side.

All this being said, I am looking for a home to live the rest of my life in and finish raising my faimily in. As well as house my wifes horse. When this happens to come along, and I am able to borrow a reasonable amount of money to make it work, I will buy and not look back. I need a place to live and the mental security of having my own place is hard to resist. I just refuse to pay the old wish prices on past.

Thanks again for everyones help. This site has been a wonderfull education.
TL

[tlefort]

Thanks to all for your responses.

This board (and several others) have helped me make smart decisions these last few years.(Actually my decision has been to sit and wait this out). Now that a lot of the S%*t has already hit the fan these last few years, the big questions left are, how low will it go and how long will it take?
I think Wine country has a ways to go. There were a lot of spec homes built these last few years. People had big dreams of big profits. I know a lot of them and a year or two ago when I told them this was going to end bad, they all blew me off as chicken little. Now I see places that wanted a million and will be lucky to get 500k. And the smaller, older original homes on acreage are getting into the 300k range. I am still in the school that if the right place comes along and it solves my horse boarding problem I will jump. I have noticed a few bank owned properties coming on line listed at 20% off the short sale price. Only to be bid up past the short sale price.

I think some people think this will all blow over after the stimulus package takes over. I have news, we may never again see in our life times those inflated prices. They just are NOT coming back. I think as time wears on more and more people will realize this. I still hear people saying to me, “better jump in before these prices take off again”. Until I stop hearing that and all the people who are buying homes as “Investments” or get rich quick schemes are weeded out, we still have some down side.

All this being said, I am looking for a home to live the rest of my life in and finish raising my faimily in. As well as house my wifes horse. When this happens to come along, and I am able to borrow a reasonable amount of money to make it work, I will buy and not look back. I need a place to live and the mental security of having my own place is hard to resist. I just refuse to pay the old wish prices on past.

Thanks again for everyones help. This site has been a wonderfull education.
TL

[tlefort]

Thanks to all for your responses.

This board (and several others) have helped me make smart decisions these last few years.(Actually my decision has been to sit and wait this out). Now that a lot of the S%*t has already hit the fan these last few years, the big questions left are, how low will it go and how long will it take?
I think Wine country has a ways to go. There were a lot of spec homes built these last few years. People had big dreams of big profits. I know a lot of them and a year or two ago when I told them this was going to end bad, they all blew me off as chicken little. Now I see places that wanted a million and will be lucky to get 500k. And the smaller, older original homes on acreage are getting into the 300k range. I am still in the school that if the right place comes along and it solves my horse boarding problem I will jump. I have noticed a few bank owned properties coming on line listed at 20% off the short sale price. Only to be bid up past the short sale price.

I think some people think this will all blow over after the stimulus package takes over. I have news, we may never again see in our life times those inflated prices. They just are NOT coming back. I think as time wears on more and more people will realize this. I still hear people saying to me, “better jump in before these prices take off again”. Until I stop hearing that and all the people who are buying homes as “Investments” or get rich quick schemes are weeded out, we still have some down side.

All this being said, I am looking for a home to live the rest of my life in and finish raising my faimily in. As well as house my wifes horse. When this happens to come along, and I am able to borrow a reasonable amount of money to make it work, I will buy and not look back. I need a place to live and the mental security of having my own place is hard to resist. I just refuse to pay the old wish prices on past.

Thanks again for everyones help. This site has been a wonderfull education.
TL

[tlefort]

Thanks to all for your responses.

This board (and several others) have helped me make smart decisions these last few years.(Actually my decision has been to sit and wait this out). Now that a lot of the S%*t has already hit the fan these last few years, the big questions left are, how low will it go and how long will it take?
I think Wine country has a ways to go. There were a lot of spec homes built these last few years. People had big dreams of big profits. I know a lot of them and a year or two ago when I told them this was going to end bad, they all blew me off as chicken little. Now I see places that wanted a million and will be lucky to get 500k. And the smaller, older original homes on acreage are getting into the 300k range. I am still in the school that if the right place comes along and it solves my horse boarding problem I will jump. I have noticed a few bank owned properties coming on line listed at 20% off the short sale price. Only to be bid up past the short sale price.

I think some people think this will all blow over after the stimulus package takes over. I have news, we may never again see in our life times those inflated prices. They just are NOT coming back. I think as time wears on more and more people will realize this. I still hear people saying to me, “better jump in before these prices take off again”. Until I stop hearing that and all the people who are buying homes as “Investments” or get rich quick schemes are weeded out, we still have some down side.

All this being said, I am looking for a home to live the rest of my life in and finish raising my faimily in. As well as house my wifes horse. When this happens to come along, and I am able to borrow a reasonable amount of money to make it work, I will buy and not look back. I need a place to live and the mental security of having my own place is hard to resist. I just refuse to pay the old wish prices on past.

Thanks again for everyones help. This site has been a wonderfull education.
TL

[tlefort]

Thanks to all for your responses.

This board (and several others) have helped me make smart decisions these last few years.(Actually my decision has been to sit and wait this out). Now that a lot of the S%*t has already hit the fan these last few years, the big questions left are, how low will it go and how long will it take?
I think Wine country has a ways to go. There were a lot of spec homes built these last few years. People had big dreams of big profits. I know a lot of them and a year or two ago when I told them this was going to end bad, they all blew me off as chicken little. Now I see places that wanted a million and will be lucky to get 500k. And the smaller, older original homes on acreage are getting into the 300k range. I am still in the school that if the right place comes along and it solves my horse boarding problem I will jump. I have noticed a few bank owned properties coming on line listed at 20% off the short sale price. Only to be bid up past the short sale price.

I think some people think this will all blow over after the stimulus package takes over. I have news, we may never again see in our life times those inflated prices. They just are NOT coming back. I think as time wears on more and more people will realize this. I still hear people saying to me, “better jump in before these prices take off again”. Until I stop hearing that and all the people who are buying homes as “Investments” or get rich quick schemes are weeded out, we still have some down side.

All this being said, I am looking for a home to live the rest of my life in and finish raising my faimily in. As well as house my wifes horse. When this happens to come along, and I am able to borrow a reasonable amount of money to make it work, I will buy and not look back. I need a place to live and the mental security of having my own place is hard to resist. I just refuse to pay the old wish prices on past.

Thanks again for everyones help. This site has been a wonderfull education.
TL

[[email protected]]

After much hand-wringing, my wife and I have decided to walk away from our beloved ranch. Our research tells us that are way under water and the place is worth under 500K. Land in the wine country is now of no value because houses are selling for less than it would cost to build them. Depressing that our spot – one of the most beautiful in Temecula – is worthless. Also our research indicates that perhaps the market is at the bottom, but that foreclosures will keep coming for at least another year and prices will not go up anytime soon.
Thanks to all for the informative posts. I still passionately believe in the long-term potential of Temecula (and the wine country) as SoCal’s premier resort area. Wine country will be the Beverly Hills of Temecula. But we’re moving to Aguanga: open spaces and more horse trails than you could ride in a lifetime!

[[email protected]]

After much hand-wringing, my wife and I have decided to walk away from our beloved ranch. Our research tells us that are way under water and the place is worth under 500K. Land in the wine country is now of no value because houses are selling for less than it would cost to build them. Depressing that our spot – one of the most beautiful in Temecula – is worthless. Also our research indicates that perhaps the market is at the bottom, but that foreclosures will keep coming for at least another year and prices will not go up anytime soon.
Thanks to all for the informative posts. I still passionately believe in the long-term potential of Temecula (and the wine country) as SoCal’s premier resort area. Wine country will be the Beverly Hills of Temecula. But we’re moving to Aguanga: open spaces and more horse trails than you could ride in a lifetime!

[[email protected]]

After much hand-wringing, my wife and I have decided to walk away from our beloved ranch. Our research tells us that are way under water and the place is worth under 500K. Land in the wine country is now of no value because houses are selling for less than it would cost to build them. Depressing that our spot – one of the most beautiful in Temecula – is worthless. Also our research indicates that perhaps the market is at the bottom, but that foreclosures will keep coming for at least another year and prices will not go up anytime soon.
Thanks to all for the informative posts. I still passionately believe in the long-term potential of Temecula (and the wine country) as SoCal’s premier resort area. Wine country will be the Beverly Hills of Temecula. But we’re moving to Aguanga: open spaces and more horse trails than you could ride in a lifetime!

[[email protected]]

After much hand-wringing, my wife and I have decided to walk away from our beloved ranch. Our research tells us that are way under water and the place is worth under 500K. Land in the wine country is now of no value because houses are selling for less than it would cost to build them. Depressing that our spot – one of the most beautiful in Temecula – is worthless. Also our research indicates that perhaps the market is at the bottom, but that foreclosures will keep coming for at least another year and prices will not go up anytime soon.
Thanks to all for the informative posts. I still passionately believe in the long-term potential of Temecula (and the wine country) as SoCal’s premier resort area. Wine country will be the Beverly Hills of Temecula. But we’re moving to Aguanga: open spaces and more horse trails than you could ride in a lifetime!

[[email protected]]

After much hand-wringing, my wife and I have decided to walk away from our beloved ranch. Our research tells us that are way under water and the place is worth under 500K. Land in the wine country is now of no value because houses are selling for less than it would cost to build them. Depressing that our spot – one of the most beautiful in Temecula – is worthless. Also our research indicates that perhaps the market is at the bottom, but that foreclosures will keep coming for at least another year and prices will not go up anytime soon.
Thanks to all for the informative posts. I still passionately believe in the long-term potential of Temecula (and the wine country) as SoCal’s premier resort area. Wine country will be the Beverly Hills of Temecula. But we’re moving to Aguanga: open spaces and more horse trails than you could ride in a lifetime!

[scaredyclassic]

there’s gotta be a lot of mini-mogul wannabe ranchers who atm’ed their wine country spreads and who are hanging on by a thread. can the last poster be the only one? since nothing, like, nothing at all, is selling out there, who has an idea at allw hata place out there is worth?

also, the place is definitely not “wrothless”…i’d buy it. i’d pay a lot for it. i just wont pay 500k. somewhere nice for around 1999 price? sure. that’s a far cry from worthless, though it’s also a far cry from the cool million give-or-take that the place was atm’ed for…

[scaredyclassic]

there’s gotta be a lot of mini-mogul wannabe ranchers who atm’ed their wine country spreads and who are hanging on by a thread. can the last poster be the only one? since nothing, like, nothing at all, is selling out there, who has an idea at allw hata place out there is worth?

also, the place is definitely not “wrothless”…i’d buy it. i’d pay a lot for it. i just wont pay 500k. somewhere nice for around 1999 price? sure. that’s a far cry from worthless, though it’s also a far cry from the cool million give-or-take that the place was atm’ed for…

[scaredyclassic]

there’s gotta be a lot of mini-mogul wannabe ranchers who atm’ed their wine country spreads and who are hanging on by a thread. can the last poster be the only one? since nothing, like, nothing at all, is selling out there, who has an idea at allw hata place out there is worth?

also, the place is definitely not “wrothless”…i’d buy it. i’d pay a lot for it. i just wont pay 500k. somewhere nice for around 1999 price? sure. that’s a far cry from worthless, though it’s also a far cry from the cool million give-or-take that the place was atm’ed for…

[scaredyclassic]

there’s gotta be a lot of mini-mogul wannabe ranchers who atm’ed their wine country spreads and who are hanging on by a thread. can the last poster be the only one? since nothing, like, nothing at all, is selling out there, who has an idea at allw hata place out there is worth?

also, the place is definitely not “wrothless”…i’d buy it. i’d pay a lot for it. i just wont pay 500k. somewhere nice for around 1999 price? sure. that’s a far cry from worthless, though it’s also a far cry from the cool million give-or-take that the place was atm’ed for…

[Author]

Posts