Temecula/Murrieta true bottom or spring bounce? Opinions needed.

[pizzaman]

So its been a while since I posted, been lurking a bit and working around the house I bought last year. I‘m back today looking for some opinions. Heres my situation. With all the action that Temecula/Murrieta has been seeing recently I thought I’d take a shot and see if I could sell the house I bought in Sept 08 and maybe make a few bucks. Well sure enough, in less than a week I was able to put the house in what looks to be a solid escrow. So now I’m trying to decide if I should go pick up something else now or because what we are seeing now is just a spring bounce, I should rent again for awhile and maybe start looking again late 2009. My gut tells me wait, what say you all?

[FormerOwner]

I think it’s been a spring bounce and also a consequence of the low interest rates, tax credits, and lack of inventory getting put on the market. Eventually, all of these things have to revert back to normal levels and I don’t see the employment situation getting any better in the foreseeable future. How long this goes on depends on interest rates, gas prices, and whether the government extends the tax credits.

[FormerOwner]

I think it’s been a spring bounce and also a consequence of the low interest rates, tax credits, and lack of inventory getting put on the market. Eventually, all of these things have to revert back to normal levels and I don’t see the employment situation getting any better in the foreseeable future. How long this goes on depends on interest rates, gas prices, and whether the government extends the tax credits.

[FormerOwner]

I think it’s been a spring bounce and also a consequence of the low interest rates, tax credits, and lack of inventory getting put on the market. Eventually, all of these things have to revert back to normal levels and I don’t see the employment situation getting any better in the foreseeable future. How long this goes on depends on interest rates, gas prices, and whether the government extends the tax credits.

[FormerOwner]

I think it’s been a spring bounce and also a consequence of the low interest rates, tax credits, and lack of inventory getting put on the market. Eventually, all of these things have to revert back to normal levels and I don’t see the employment situation getting any better in the foreseeable future. How long this goes on depends on interest rates, gas prices, and whether the government extends the tax credits.

[FormerOwner]

I think it’s been a spring bounce and also a consequence of the low interest rates, tax credits, and lack of inventory getting put on the market. Eventually, all of these things have to revert back to normal levels and I don’t see the employment situation getting any better in the foreseeable future. How long this goes on depends on interest rates, gas prices, and whether the government extends the tax credits.

[paramount]

You were able to make a profit since Sept 2008? Does that include buying/selling costs, capital gains penalty etc…?

I would stay out of the market at this point, the pricing levels and demand we are seeing is partially due to exceptional market manipulation IMO.

[paramount]

You were able to make a profit since Sept 2008? Does that include buying/selling costs, capital gains penalty etc…?

I would stay out of the market at this point, the pricing levels and demand we are seeing is partially due to exceptional market manipulation IMO.

[paramount]

You were able to make a profit since Sept 2008? Does that include buying/selling costs, capital gains penalty etc…?

I would stay out of the market at this point, the pricing levels and demand we are seeing is partially due to exceptional market manipulation IMO.

[paramount]

You were able to make a profit since Sept 2008? Does that include buying/selling costs, capital gains penalty etc…?

I would stay out of the market at this point, the pricing levels and demand we are seeing is partially due to exceptional market manipulation IMO.

[paramount]

You were able to make a profit since Sept 2008? Does that include buying/selling costs, capital gains penalty etc…?

I would stay out of the market at this point, the pricing levels and demand we are seeing is partially due to exceptional market manipulation IMO.

[PadreBrian]

How dare you make a profit!

haha, good job. I would wait again till this winter and find a good but cheep TV ranch to buy. December or January.

[PadreBrian]

How dare you make a profit!

haha, good job. I would wait again till this winter and find a good but cheep TV ranch to buy. December or January.

[PadreBrian]

How dare you make a profit!

haha, good job. I would wait again till this winter and find a good but cheep TV ranch to buy. December or January.

[PadreBrian]

How dare you make a profit!

haha, good job. I would wait again till this winter and find a good but cheep TV ranch to buy. December or January.

[Author]

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