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June 17, 2008 at 8:27 AM #223844June 17, 2008 at 12:52 PM #223868HarryBoschParticipant
I can only supply anecdotes. I am not a demographics guy nor am I involved in RE – strictly layman type here. But I have lived in Temecula for five and a half years and in Anaheim Hills for nine years prior to moving here. Some of my experiences:
January 08, My daughter was hit by a hit and run driver at Margarita and Yukon while she was driving south on Margarita, near the KFC intersection. A early 1990’s Black Jeep Cherokee hit her and then took off and disappeared. It cost me $500 deductible and $500 in car rental. She wasn’t hurt but now appreciates all my warnings about people. The police officer who took the report said we were the third hit and run accident that day.
Last year my son was sued for a rear end collision by a woman in Temecula who falsely claimed back and neck injuries when he accidentally tapped her rear bumper at a stop light. Upon review of the case, the insurance pictures, reports and all our evidence the judge denied her claim. She was basically looking to get money out of us. She even offered to “settle” with us before the court date.
From what I read the median income is about $75,000 here in Temecula. Using the 3x’s rule of qualifying for mortgages that means that the median home price should be at or around $225,000. Assume $100/sq.ft. and that means a 2250 sq.ft. house should sell for around $225K.
Also, I don’t know if it’s just Temecula or if there is just more acceptance among teenagers these days but I’ve met more homosexual teenagers – at least they claim – through my daughter’s friends then I ever did when I was her age some 30+ years ago when I was in high school. Just an observation.
(Just for the record – We live next door to a man who is homosexual and we’ve never had any problems with him. Of course we almost never see him anyway – he nevers goes to any of the neighbor parties and is almost never home.)
June 17, 2008 at 12:52 PM #223975HarryBoschParticipantI can only supply anecdotes. I am not a demographics guy nor am I involved in RE – strictly layman type here. But I have lived in Temecula for five and a half years and in Anaheim Hills for nine years prior to moving here. Some of my experiences:
January 08, My daughter was hit by a hit and run driver at Margarita and Yukon while she was driving south on Margarita, near the KFC intersection. A early 1990’s Black Jeep Cherokee hit her and then took off and disappeared. It cost me $500 deductible and $500 in car rental. She wasn’t hurt but now appreciates all my warnings about people. The police officer who took the report said we were the third hit and run accident that day.
Last year my son was sued for a rear end collision by a woman in Temecula who falsely claimed back and neck injuries when he accidentally tapped her rear bumper at a stop light. Upon review of the case, the insurance pictures, reports and all our evidence the judge denied her claim. She was basically looking to get money out of us. She even offered to “settle” with us before the court date.
From what I read the median income is about $75,000 here in Temecula. Using the 3x’s rule of qualifying for mortgages that means that the median home price should be at or around $225,000. Assume $100/sq.ft. and that means a 2250 sq.ft. house should sell for around $225K.
Also, I don’t know if it’s just Temecula or if there is just more acceptance among teenagers these days but I’ve met more homosexual teenagers – at least they claim – through my daughter’s friends then I ever did when I was her age some 30+ years ago when I was in high school. Just an observation.
(Just for the record – We live next door to a man who is homosexual and we’ve never had any problems with him. Of course we almost never see him anyway – he nevers goes to any of the neighbor parties and is almost never home.)
June 17, 2008 at 12:52 PM #223991HarryBoschParticipantI can only supply anecdotes. I am not a demographics guy nor am I involved in RE – strictly layman type here. But I have lived in Temecula for five and a half years and in Anaheim Hills for nine years prior to moving here. Some of my experiences:
January 08, My daughter was hit by a hit and run driver at Margarita and Yukon while she was driving south on Margarita, near the KFC intersection. A early 1990’s Black Jeep Cherokee hit her and then took off and disappeared. It cost me $500 deductible and $500 in car rental. She wasn’t hurt but now appreciates all my warnings about people. The police officer who took the report said we were the third hit and run accident that day.
Last year my son was sued for a rear end collision by a woman in Temecula who falsely claimed back and neck injuries when he accidentally tapped her rear bumper at a stop light. Upon review of the case, the insurance pictures, reports and all our evidence the judge denied her claim. She was basically looking to get money out of us. She even offered to “settle” with us before the court date.
From what I read the median income is about $75,000 here in Temecula. Using the 3x’s rule of qualifying for mortgages that means that the median home price should be at or around $225,000. Assume $100/sq.ft. and that means a 2250 sq.ft. house should sell for around $225K.
Also, I don’t know if it’s just Temecula or if there is just more acceptance among teenagers these days but I’ve met more homosexual teenagers – at least they claim – through my daughter’s friends then I ever did when I was her age some 30+ years ago when I was in high school. Just an observation.
(Just for the record – We live next door to a man who is homosexual and we’ve never had any problems with him. Of course we almost never see him anyway – he nevers goes to any of the neighbor parties and is almost never home.)
June 17, 2008 at 12:52 PM #224021HarryBoschParticipantI can only supply anecdotes. I am not a demographics guy nor am I involved in RE – strictly layman type here. But I have lived in Temecula for five and a half years and in Anaheim Hills for nine years prior to moving here. Some of my experiences:
January 08, My daughter was hit by a hit and run driver at Margarita and Yukon while she was driving south on Margarita, near the KFC intersection. A early 1990’s Black Jeep Cherokee hit her and then took off and disappeared. It cost me $500 deductible and $500 in car rental. She wasn’t hurt but now appreciates all my warnings about people. The police officer who took the report said we were the third hit and run accident that day.
Last year my son was sued for a rear end collision by a woman in Temecula who falsely claimed back and neck injuries when he accidentally tapped her rear bumper at a stop light. Upon review of the case, the insurance pictures, reports and all our evidence the judge denied her claim. She was basically looking to get money out of us. She even offered to “settle” with us before the court date.
From what I read the median income is about $75,000 here in Temecula. Using the 3x’s rule of qualifying for mortgages that means that the median home price should be at or around $225,000. Assume $100/sq.ft. and that means a 2250 sq.ft. house should sell for around $225K.
Also, I don’t know if it’s just Temecula or if there is just more acceptance among teenagers these days but I’ve met more homosexual teenagers – at least they claim – through my daughter’s friends then I ever did when I was her age some 30+ years ago when I was in high school. Just an observation.
(Just for the record – We live next door to a man who is homosexual and we’ve never had any problems with him. Of course we almost never see him anyway – he nevers goes to any of the neighbor parties and is almost never home.)
June 17, 2008 at 12:52 PM #224035HarryBoschParticipantI can only supply anecdotes. I am not a demographics guy nor am I involved in RE – strictly layman type here. But I have lived in Temecula for five and a half years and in Anaheim Hills for nine years prior to moving here. Some of my experiences:
January 08, My daughter was hit by a hit and run driver at Margarita and Yukon while she was driving south on Margarita, near the KFC intersection. A early 1990’s Black Jeep Cherokee hit her and then took off and disappeared. It cost me $500 deductible and $500 in car rental. She wasn’t hurt but now appreciates all my warnings about people. The police officer who took the report said we were the third hit and run accident that day.
Last year my son was sued for a rear end collision by a woman in Temecula who falsely claimed back and neck injuries when he accidentally tapped her rear bumper at a stop light. Upon review of the case, the insurance pictures, reports and all our evidence the judge denied her claim. She was basically looking to get money out of us. She even offered to “settle” with us before the court date.
From what I read the median income is about $75,000 here in Temecula. Using the 3x’s rule of qualifying for mortgages that means that the median home price should be at or around $225,000. Assume $100/sq.ft. and that means a 2250 sq.ft. house should sell for around $225K.
Also, I don’t know if it’s just Temecula or if there is just more acceptance among teenagers these days but I’ve met more homosexual teenagers – at least they claim – through my daughter’s friends then I ever did when I was her age some 30+ years ago when I was in high school. Just an observation.
(Just for the record – We live next door to a man who is homosexual and we’ve never had any problems with him. Of course we almost never see him anyway – he nevers goes to any of the neighbor parties and is almost never home.)
June 17, 2008 at 2:48 PM #223973tazParticipantHarryBosch –
So glad to hear the homosexual next door hasn’t given you any problems – I shudder to think of the criminal mischief he might be capable of.
{sarcasm off}
one more reason I DON’T want to live in the burbs…
June 17, 2008 at 2:48 PM #224081tazParticipantHarryBosch –
So glad to hear the homosexual next door hasn’t given you any problems – I shudder to think of the criminal mischief he might be capable of.
{sarcasm off}
one more reason I DON’T want to live in the burbs…
June 17, 2008 at 2:48 PM #224096tazParticipantHarryBosch –
So glad to hear the homosexual next door hasn’t given you any problems – I shudder to think of the criminal mischief he might be capable of.
{sarcasm off}
one more reason I DON’T want to live in the burbs…
June 17, 2008 at 2:48 PM #224126tazParticipantHarryBosch –
So glad to hear the homosexual next door hasn’t given you any problems – I shudder to think of the criminal mischief he might be capable of.
{sarcasm off}
one more reason I DON’T want to live in the burbs…
June 17, 2008 at 2:48 PM #224142tazParticipantHarryBosch –
So glad to hear the homosexual next door hasn’t given you any problems – I shudder to think of the criminal mischief he might be capable of.
{sarcasm off}
one more reason I DON’T want to live in the burbs…
June 17, 2008 at 3:09 PM #224010AnonymousGuestTemekuT, I’d say that the smaller houses in Morgan Hill will reach $100 a square as well, but that’s coming from someone who isn’t an expert on the market or economics.
I’m basing my opinion on the history of real estate cycles and the phenomenon of this unprecedented real estate bubble and the subsequent run up in prices. My opinion has always been that the market will overcorrect itself. Even if it doesn’t, judging from the knowledge that I do have, the opinion of experts, and the state of the economy, I’d say smaller houses will still reach that price point.
Matt, you know 20 cents on the dollar won’t happen in Temecula, right?
June 17, 2008 at 3:09 PM #224116AnonymousGuestTemekuT, I’d say that the smaller houses in Morgan Hill will reach $100 a square as well, but that’s coming from someone who isn’t an expert on the market or economics.
I’m basing my opinion on the history of real estate cycles and the phenomenon of this unprecedented real estate bubble and the subsequent run up in prices. My opinion has always been that the market will overcorrect itself. Even if it doesn’t, judging from the knowledge that I do have, the opinion of experts, and the state of the economy, I’d say smaller houses will still reach that price point.
Matt, you know 20 cents on the dollar won’t happen in Temecula, right?
June 17, 2008 at 3:09 PM #224128AnonymousGuestTemekuT, I’d say that the smaller houses in Morgan Hill will reach $100 a square as well, but that’s coming from someone who isn’t an expert on the market or economics.
I’m basing my opinion on the history of real estate cycles and the phenomenon of this unprecedented real estate bubble and the subsequent run up in prices. My opinion has always been that the market will overcorrect itself. Even if it doesn’t, judging from the knowledge that I do have, the opinion of experts, and the state of the economy, I’d say smaller houses will still reach that price point.
Matt, you know 20 cents on the dollar won’t happen in Temecula, right?
June 17, 2008 at 3:09 PM #224162AnonymousGuestTemekuT, I’d say that the smaller houses in Morgan Hill will reach $100 a square as well, but that’s coming from someone who isn’t an expert on the market or economics.
I’m basing my opinion on the history of real estate cycles and the phenomenon of this unprecedented real estate bubble and the subsequent run up in prices. My opinion has always been that the market will overcorrect itself. Even if it doesn’t, judging from the knowledge that I do have, the opinion of experts, and the state of the economy, I’d say smaller houses will still reach that price point.
Matt, you know 20 cents on the dollar won’t happen in Temecula, right?
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