.

[The-Shoveler]

19% does seem rather high to me as well but who knows!

Actually I like the TV area, I think it has a great future but obviously it’s not for everybody.

If you found the area acceptable I think it you would find it a great investment 10 years from now.
How you get there is another issue.
But good luck.

I need to find that crystal ball, where is TG when you need him LOL.

[spdrun]

19% median rise doesn’t mean a 19% rise in home values. Doubt it, if anything I see things (THANKFULLY!!!!!!!!) slowing down in the areas where I’m looking.

[SDHopes]

[quote=spdrun]19% median rise doesn’t mean a 19% rise in home values. Doubt it, if anything I see things (THANKFULLY!!!!!!!!) slowing down in the areas where I’m looking.[/quote]

Can you clarify what you mean? Zillow predicts a 19.5% rise in home value in my area of Temecula. So what do they mean when that say that? Sorry for being ignorant, glad I have all of you that know this kind of thing!

[spdrun]

19.5% rise in value, or median price? Secondly, a lot of entities can predict a lot of things. A lot of the time, the predictions are totally wrong.

[SDHopes]

[quote=spdrun]19.5% rise in value, or median price? Secondly, a lot of entities can predict a lot of things. A lot of the time, the predictions are totally wrong.[/quote]

Good to know, thanks! Rise in value.

[HLS]

What is your current interest rate and how much is your PMI ?
Did you get an FHA loan or conventional ?
If you have 20%-22% equity now, you should be able to get mortg insurance removed if you did not go FHA.
that can help a bit. $500 off for a rental ?
Rents are decent in the area, are you dealing with Mello Roos ?

Most info on Zillow is worth what you are paying for it.
I don’t believe that Temec will increase much in the next year, a lot depends on interest rates.

[SDHopes]

[quote=HLS]What is your current interest rate and how much is your PMI ?
Did you get an FHA loan or conventional ?
If you have 20%-22% equity now, you should be able to get mortg insurance removed if you did not go FHA.
that can help a bit. $500 off for a rental ?
Rents are decent in the area, are you dealing with Mello Roos ?

Most info on Zillow is worth what you are paying for it.
I don’t believe that Temec will increase much in the next year, a lot depends on interest rates.[/quote]

Yes we are dealing with high property tax, mello roos, homeowner association fee of 170, etc. So yes, 500 off for a rental. We did a 5 percent conventional loan.

[moneymaker]

I think if values go up 20% in TV then they will probably go up a similar amount in SD north, so waiting will not really help. Are you expecting large increases in incomes soon? I personally would wait the 2 years minimum and see if TV grows on you, if not at least you will not get the tax hit. If you really can’t stand it or find the perfect place then you could rent it until the 2 years is up then sell.

[ocrenter]

so why the regret? the commute? the neighborhood?

would not rely on zillow predictions. it is great for data mining of recent home sales to get a good sense of current values, but don’t use it for prediction of future gains.

and where in North SD would you and the family be ok with? Fallbrook? 4S? Escondido? Encinitas? North County is extremely diverse and spread out. If you are regretting Temecula, there’s going to be large parts of North County you’ll regret as well.

[paramount]

I’m not happy about this thread, it’s bad PR.

Please, tell us what your major issue is with Temecula.

The weather has been great so far this summer…

[SDHopes]

[quote=paramount]I’m not happy about this thread, it’s bad PR.

Please, tell us what your major issue is with Temecula.

The weather has been great so far this summer…[/quote]

We specifically are not listing what our issue is, as to not offend those who enjoy residing in Temecula. We purposely left it simple, we regret moving here. We are looking for advice on when and how to get out of here. Not to bash Temecula. Thanks for understanding.

[zk]

I’d say do whatever you think will make your children happiest in the long run. Nothing else really compares in importance. Especially not money.

[spdrun]

Jumping Jeebus Xhrist on a unicycle, just say it; maybe people from Temecula would actually be able to help rather than being offended.

[SDHopes]

[quote=zk]I’d say do whatever you think will make your children happiest in the long run. Nothing else really compares in importance. Especially not money.[/quote]

Thank you. Needed to hear this today, means a great deal.

[paramount]

[quote=spdrun]Jumping Jeebus Xhrist on a unicycle, just say it; maybe people from Temecula would actually be able to help rather than being offended.[/quote]

+1

Seriously…

I thought Temecula was covered pretty well here, at least by me IMO.

It’s hard for me to imagine what could be a major issue that hasn’t already been stated.

What is it – the rednecks/low class local/yocals?

[Author]

Posts