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June 18, 2007 at 6:05 AM #9324June 18, 2007 at 6:31 AM #60041AnonymousGuest
The only difference is that it is further from major work centers and some universities, so its value is mostly relative to that, bigger box for less in many cases. Temecula’s homes and shopping centers are much prettier than much of the San Diego County I15 corridor, and the temp seems hot along the 15 as well. The values are relative to we coastal livers too, we just factor in the value of the beach.
I have seen mass quantities of homes go up in Carlsbad, San Marcos, Oceanside and multiple times that in Temecula/Murrieta. I don’t even look at the south I15 but from reading here, houses have sprouted there like weeds too.
I grew up in a suburban alternative like Temecula with an orange grove at the end of our street, with a long commute for my Dad to LA. Now it is the center of Television. You might have heard of it, Orange County.
Of course the price drops will not be dollar for dollar, directly correlated, but the prices were pumped up here for the same reason as Temecula/Murrieta.
Why isn’t it comparable?
June 18, 2007 at 6:31 AM #60073AnonymousGuestThe only difference is that it is further from major work centers and some universities, so its value is mostly relative to that, bigger box for less in many cases. Temecula’s homes and shopping centers are much prettier than much of the San Diego County I15 corridor, and the temp seems hot along the 15 as well. The values are relative to we coastal livers too, we just factor in the value of the beach.
I have seen mass quantities of homes go up in Carlsbad, San Marcos, Oceanside and multiple times that in Temecula/Murrieta. I don’t even look at the south I15 but from reading here, houses have sprouted there like weeds too.
I grew up in a suburban alternative like Temecula with an orange grove at the end of our street, with a long commute for my Dad to LA. Now it is the center of Television. You might have heard of it, Orange County.
Of course the price drops will not be dollar for dollar, directly correlated, but the prices were pumped up here for the same reason as Temecula/Murrieta.
Why isn’t it comparable?
June 18, 2007 at 6:46 AM #60043Alex_angelParticipantYou cannot simply compare a major US city that is also a major tourist city by the ocean to one 50 miles north inland. THEY ARE NOT THE SAME CITY.
June 18, 2007 at 6:46 AM #60076Alex_angelParticipantYou cannot simply compare a major US city that is also a major tourist city by the ocean to one 50 miles north inland. THEY ARE NOT THE SAME CITY.
June 18, 2007 at 7:06 AM #60045The-ShovelerParticipantNor_LA-Temcu-SD-Guy
True Temecula is not the City of San Diego , but neither is Ocean side, or Vista .
How many Fortune 500 companies have facilities in San Marcos ???
Temecula has two, (maybe three can’t remember the third).
So OK Temecula is not The city of San Diego But it is a Suburb.
June 18, 2007 at 7:06 AM #60078The-ShovelerParticipantNor_LA-Temcu-SD-Guy
True Temecula is not the City of San Diego , but neither is Ocean side, or Vista .
How many Fortune 500 companies have facilities in San Marcos ???
Temecula has two, (maybe three can’t remember the third).
So OK Temecula is not The city of San Diego But it is a Suburb.
June 18, 2007 at 8:03 AM #60053Alex_angelParticipantIt is not even a suburb. It is more related to riverside county than San Diego county.
June 18, 2007 at 8:03 AM #60086Alex_angelParticipantIt is not even a suburb. It is more related to riverside county than San Diego county.
June 18, 2007 at 8:19 AM #60058PDParticipantI know a lot of people who live there and work in San Diego. It is tied to both the SD and LA markets.
June 18, 2007 at 8:19 AM #60090PDParticipantI know a lot of people who live there and work in San Diego. It is tied to both the SD and LA markets.
June 18, 2007 at 8:24 AM #60060TheChazParticipantI don’t think anyone is saying that they’re the same real estate market. We are, however, saying that they’re related. Temecula is a bedroom community for San Diego, south Orange County, Riverside, and to a lesser extent, San Bernardino and Los Angeles. As such, events that happen there reflect and affect what happens in the rest of the So. Cal. market.
It’s just as misguided to say that they’re totally separate and unrelated as it is to say that they’re the same.
June 18, 2007 at 8:24 AM #60092TheChazParticipantI don’t think anyone is saying that they’re the same real estate market. We are, however, saying that they’re related. Temecula is a bedroom community for San Diego, south Orange County, Riverside, and to a lesser extent, San Bernardino and Los Angeles. As such, events that happen there reflect and affect what happens in the rest of the So. Cal. market.
It’s just as misguided to say that they’re totally separate and unrelated as it is to say that they’re the same.
June 18, 2007 at 8:43 AM #60096Alex_angelParticipantPeople are here posting how the market is crashing and keep using Temecula as an example. The reason why San Diego can sustain itself over a place like Temecula is that its is a coastal city and a hotbed for tourists.
The fact there are a lot of jobs there is no relevant. So does places like Irvine but homes in Irvine fail in comparison to Newport and home prices in Irvine do not affect prices in Newport.
The oppisite is true. Home prices in San Diego can have an effect though on Temecula and all other areas.
June 18, 2007 at 8:43 AM #60064Alex_angelParticipantPeople are here posting how the market is crashing and keep using Temecula as an example. The reason why San Diego can sustain itself over a place like Temecula is that its is a coastal city and a hotbed for tourists.
The fact there are a lot of jobs there is no relevant. So does places like Irvine but homes in Irvine fail in comparison to Newport and home prices in Irvine do not affect prices in Newport.
The oppisite is true. Home prices in San Diego can have an effect though on Temecula and all other areas.
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