Temecula Horse properties

[svelte]

You know, I keep reading on this board that we will never see home prices where they were two years ago again in our lifetime.

First, I think that comment depends upon whether you’re 20 or 60…it may be true if you’re 60, it certainly isn’t true if you’re 20.

Second, to get where they were, home prices would have to roughly double. That has certainly happened before in as little as 10 years, and I have no doubt it can happen again.

My pop bought a home in Podunk, CA (not the town’s real name) in 1970 for $21K. Ten years later, he was able sell it for over $50K and he had done very little to the home…not even paint or carpet.

True there was quite a bit of inflation in the 1970s, but that sort of thing could certainly happen again. I don’t think it is far-fetched at all to believe home prices could double in 20 years, and perhaps much less than that.

[patientrenter]

[[email protected]]I’m a wine country ranch owner, been here 12 years, poured every last dollar into my 2.5 acre beauty. Used it as an ATM. It’s the best spot on earth and was valued at a million at the peak of the bubble. The poster is right – denial is strong here. It’s difficult to admit that we are “under water” but I can’t keep justifying throwing money away so I am considering short-selling or foreclosure. The horse culture is passionate, but at least two of the big ranches in Valle des los Caballos are for sale and one is for lease.[/quote]

Smart moves. Buy low (1997), HELOC every dollar out of the gain to peak since then, and walk away from the downturn. This is how to use the system for maximum personal gain. All made possible by the US taxpayer, thanks to the controllers of the public purse, the US Congress.

[patientrenter]

[[email protected]]I’m a wine country ranch owner, been here 12 years, poured every last dollar into my 2.5 acre beauty. Used it as an ATM. It’s the best spot on earth and was valued at a million at the peak of the bubble. The poster is right – denial is strong here. It’s difficult to admit that we are “under water” but I can’t keep justifying throwing money away so I am considering short-selling or foreclosure. The horse culture is passionate, but at least two of the big ranches in Valle des los Caballos are for sale and one is for lease.[/quote]

Smart moves. Buy low (1997), HELOC every dollar out of the gain to peak since then, and walk away from the downturn. This is how to use the system for maximum personal gain. All made possible by the US taxpayer, thanks to the controllers of the public purse, the US Congress.

[patientrenter]

[[email protected]]I’m a wine country ranch owner, been here 12 years, poured every last dollar into my 2.5 acre beauty. Used it as an ATM. It’s the best spot on earth and was valued at a million at the peak of the bubble. The poster is right – denial is strong here. It’s difficult to admit that we are “under water” but I can’t keep justifying throwing money away so I am considering short-selling or foreclosure. The horse culture is passionate, but at least two of the big ranches in Valle des los Caballos are for sale and one is for lease.[/quote]

Smart moves. Buy low (1997), HELOC every dollar out of the gain to peak since then, and walk away from the downturn. This is how to use the system for maximum personal gain. All made possible by the US taxpayer, thanks to the controllers of the public purse, the US Congress.

[patientrenter]

[[email protected]]I’m a wine country ranch owner, been here 12 years, poured every last dollar into my 2.5 acre beauty. Used it as an ATM. It’s the best spot on earth and was valued at a million at the peak of the bubble. The poster is right – denial is strong here. It’s difficult to admit that we are “under water” but I can’t keep justifying throwing money away so I am considering short-selling or foreclosure. The horse culture is passionate, but at least two of the big ranches in Valle des los Caballos are for sale and one is for lease.[/quote]

Smart moves. Buy low (1997), HELOC every dollar out of the gain to peak since then, and walk away from the downturn. This is how to use the system for maximum personal gain. All made possible by the US taxpayer, thanks to the controllers of the public purse, the US Congress.

[patientrenter]

[[email protected]]I’m a wine country ranch owner, been here 12 years, poured every last dollar into my 2.5 acre beauty. Used it as an ATM. It’s the best spot on earth and was valued at a million at the peak of the bubble. The poster is right – denial is strong here. It’s difficult to admit that we are “under water” but I can’t keep justifying throwing money away so I am considering short-selling or foreclosure. The horse culture is passionate, but at least two of the big ranches in Valle des los Caballos are for sale and one is for lease.[/quote]

Smart moves. Buy low (1997), HELOC every dollar out of the gain to peak since then, and walk away from the downturn. This is how to use the system for maximum personal gain. All made possible by the US taxpayer, thanks to the controllers of the public purse, the US Congress.

[CA renter]

[[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![/quote]

Thanks for posting such an honest anecdote. It’s a shame you are going to lose something that sounds like your “dream home,” especially since you bought it at the right time.

Aguanga, huh? Isn’t that a bit of a change? Renting or buying?

[CA renter]

[[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![/quote]

Thanks for posting such an honest anecdote. It’s a shame you are going to lose something that sounds like your “dream home,” especially since you bought it at the right time.

Aguanga, huh? Isn’t that a bit of a change? Renting or buying?

[CA renter]

[[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![/quote]

Thanks for posting such an honest anecdote. It’s a shame you are going to lose something that sounds like your “dream home,” especially since you bought it at the right time.

Aguanga, huh? Isn’t that a bit of a change? Renting or buying?

[CA renter]

[[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![/quote]

Thanks for posting such an honest anecdote. It’s a shame you are going to lose something that sounds like your “dream home,” especially since you bought it at the right time.

Aguanga, huh? Isn’t that a bit of a change? Renting or buying?

[CA renter]

[[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![/quote]

Thanks for posting such an honest anecdote. It’s a shame you are going to lose something that sounds like your “dream home,” especially since you bought it at the right time.

Aguanga, huh? Isn’t that a bit of a change? Renting or buying?

[paramount]

patientrenter: I suspect you are somehow attached to the mortgage scam business – you know, the same people who committed mass fraud for commissions, ran banks into the ground – many who would later accept TARP money and huge bonuses courtesy of the tax payer – and then claim moral hazard when a borrow defaults.

Screw the banksters!

[paramount]

patientrenter: I suspect you are somehow attached to the mortgage scam business – you know, the same people who committed mass fraud for commissions, ran banks into the ground – many who would later accept TARP money and huge bonuses courtesy of the tax payer – and then claim moral hazard when a borrow defaults.

Screw the banksters!

[paramount]

patientrenter: I suspect you are somehow attached to the mortgage scam business – you know, the same people who committed mass fraud for commissions, ran banks into the ground – many who would later accept TARP money and huge bonuses courtesy of the tax payer – and then claim moral hazard when a borrow defaults.

Screw the banksters!

[paramount]

patientrenter: I suspect you are somehow attached to the mortgage scam business – you know, the same people who committed mass fraud for commissions, ran banks into the ground – many who would later accept TARP money and huge bonuses courtesy of the tax payer – and then claim moral hazard when a borrow defaults.

Screw the banksters!

[Author]

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