The future of Temecula & Murieta ?

[Anonymous]

temeculaguy, I stand corrected. All those foreclosures probably won’t be meth labs.

I bought my first house in Valencia for $107K in 1986, paid 10% down and $1100 per month on a 10.75% 30-year conventional mortgage (including taxes and insurance). I sold it in 1991 for $179K, moved to Solana Beach and never looked back.

Valencia was a nice place to live, excellent schools, virtually no crime, etc. but it can’t compare to coastal San Diego. And Valencia was relatively close in compared to Palmdale, where the really cheap housing was in LA county. From Valencia I had a 25-minute commute to my job in Burbank, which I doubt is even possible in Temecula. Unless you’re commuting to Elsinore.

[bearvine]

It’s called Section 8

When the home prices get into the 1’s investors with connections buy them up, get the Section 8 deal, and move the ghetto in. See Palmdale, Lancaster, Moreno Valley.

Not as likely in Temecula, but it can happen.

And yes, the impoverished are just fine with The McMansions. See what’s happened to Tuscany Hills and Canyon Hills in Lake Elsinore, Sections of Wildomar, Murrieta, Temeucla, and much of Menifee and French valley. Family and their kids (say 5 conservatively) both sets of grand parents (add 4) throw in a few cousins and extended relatives (3) add the daughter’s new baby and boyfriend (1.5) and now you have 13.5 in the 5br 3000 sq ft home with the garage converted. With 7 cars outside.

And so no one throws the race card out, I have seen this scenario for ALL backgrounds.

Many in the RE blogsphere are rooting for rock bottom prices. The truth is that is not always the best scenario. As pointed out earlier by others, think of who your neighbors might be.

One last point, and we have seen this more than once at REO’s in the area.

When you see a home with linoleum floors throughout (upstairs too) with plant pot watermarks throughout, an extra ac unit and a swamp cooler, central vacuum system that when you hit the wall switch the vents make your hair stand up, all kinds of light fixtures that have been ripped out, guess what this house used to be?

And these do exist in the aforementioned areas.

[bearvine]

It’s called Section 8

When the home prices get into the 1’s investors with connections buy them up, get the Section 8 deal, and move the ghetto in. See Palmdale, Lancaster, Moreno Valley.

Not as likely in Temecula, but it can happen.

And yes, the impoverished are just fine with The McMansions. See what’s happened to Tuscany Hills and Canyon Hills in Lake Elsinore, Sections of Wildomar, Murrieta, Temeucla, and much of Menifee and French valley. Family and their kids (say 5 conservatively) both sets of grand parents (add 4) throw in a few cousins and extended relatives (3) add the daughter’s new baby and boyfriend (1.5) and now you have 13.5 in the 5br 3000 sq ft home with the garage converted. With 7 cars outside.

And so no one throws the race card out, I have seen this scenario for ALL backgrounds.

Many in the RE blogsphere are rooting for rock bottom prices. The truth is that is not always the best scenario. As pointed out earlier by others, think of who your neighbors might be.

One last point, and we have seen this more than once at REO’s in the area.

When you see a home with linoleum floors throughout (upstairs too) with plant pot watermarks throughout, an extra ac unit and a swamp cooler, central vacuum system that when you hit the wall switch the vents make your hair stand up, all kinds of light fixtures that have been ripped out, guess what this house used to be?

And these do exist in the aforementioned areas.

[bearvine]

It’s called Section 8

When the home prices get into the 1’s investors with connections buy them up, get the Section 8 deal, and move the ghetto in. See Palmdale, Lancaster, Moreno Valley.

Not as likely in Temecula, but it can happen.

And yes, the impoverished are just fine with The McMansions. See what’s happened to Tuscany Hills and Canyon Hills in Lake Elsinore, Sections of Wildomar, Murrieta, Temeucla, and much of Menifee and French valley. Family and their kids (say 5 conservatively) both sets of grand parents (add 4) throw in a few cousins and extended relatives (3) add the daughter’s new baby and boyfriend (1.5) and now you have 13.5 in the 5br 3000 sq ft home with the garage converted. With 7 cars outside.

And so no one throws the race card out, I have seen this scenario for ALL backgrounds.

Many in the RE blogsphere are rooting for rock bottom prices. The truth is that is not always the best scenario. As pointed out earlier by others, think of who your neighbors might be.

One last point, and we have seen this more than once at REO’s in the area.

When you see a home with linoleum floors throughout (upstairs too) with plant pot watermarks throughout, an extra ac unit and a swamp cooler, central vacuum system that when you hit the wall switch the vents make your hair stand up, all kinds of light fixtures that have been ripped out, guess what this house used to be?

And these do exist in the aforementioned areas.

[bearvine]

It’s called Section 8

When the home prices get into the 1’s investors with connections buy them up, get the Section 8 deal, and move the ghetto in. See Palmdale, Lancaster, Moreno Valley.

Not as likely in Temecula, but it can happen.

And yes, the impoverished are just fine with The McMansions. See what’s happened to Tuscany Hills and Canyon Hills in Lake Elsinore, Sections of Wildomar, Murrieta, Temeucla, and much of Menifee and French valley. Family and their kids (say 5 conservatively) both sets of grand parents (add 4) throw in a few cousins and extended relatives (3) add the daughter’s new baby and boyfriend (1.5) and now you have 13.5 in the 5br 3000 sq ft home with the garage converted. With 7 cars outside.

And so no one throws the race card out, I have seen this scenario for ALL backgrounds.

Many in the RE blogsphere are rooting for rock bottom prices. The truth is that is not always the best scenario. As pointed out earlier by others, think of who your neighbors might be.

One last point, and we have seen this more than once at REO’s in the area.

When you see a home with linoleum floors throughout (upstairs too) with plant pot watermarks throughout, an extra ac unit and a swamp cooler, central vacuum system that when you hit the wall switch the vents make your hair stand up, all kinds of light fixtures that have been ripped out, guess what this house used to be?

And these do exist in the aforementioned areas.

[bearvine]

It’s called Section 8

When the home prices get into the 1’s investors with connections buy them up, get the Section 8 deal, and move the ghetto in. See Palmdale, Lancaster, Moreno Valley.

Not as likely in Temecula, but it can happen.

And yes, the impoverished are just fine with The McMansions. See what’s happened to Tuscany Hills and Canyon Hills in Lake Elsinore, Sections of Wildomar, Murrieta, Temeucla, and much of Menifee and French valley. Family and their kids (say 5 conservatively) both sets of grand parents (add 4) throw in a few cousins and extended relatives (3) add the daughter’s new baby and boyfriend (1.5) and now you have 13.5 in the 5br 3000 sq ft home with the garage converted. With 7 cars outside.

And so no one throws the race card out, I have seen this scenario for ALL backgrounds.

Many in the RE blogsphere are rooting for rock bottom prices. The truth is that is not always the best scenario. As pointed out earlier by others, think of who your neighbors might be.

One last point, and we have seen this more than once at REO’s in the area.

When you see a home with linoleum floors throughout (upstairs too) with plant pot watermarks throughout, an extra ac unit and a swamp cooler, central vacuum system that when you hit the wall switch the vents make your hair stand up, all kinds of light fixtures that have been ripped out, guess what this house used to be?

And these do exist in the aforementioned areas.

[Nor-LA-SD-guy]

For what it’s worth, Looking around North L.A. is just now starting to get hit really hard, down 25-30% now looking to go much lower from what I am hearing from the realtors I have talked to up here (many more foreclosures just now hitting the market in North L.A. Ventura area). There will be no shortage of formerly nice low cost homes in many area’s to choose from it seems (the whole place is starting to look like T.V. as far as foreclosures).

Palmdale is no way comparison to Temecula, Palmdale is a good two to two and half hour drive to the nearest coast, it is a true desert area, with thousands of square miles of mostly flat land available stretching east to Vegas and beyond.

There is almost no June gloom effect ever and it snows every winter, black ice is a frequent road hazard in that area in the winter.

Also for what it worth, there are more Fortune 500 companies in Temecula than there is in Valencia so Temecula definitely has a good start going here.

[Nor-LA-SD-guy]

For what it’s worth, Looking around North L.A. is just now starting to get hit really hard, down 25-30% now looking to go much lower from what I am hearing from the realtors I have talked to up here (many more foreclosures just now hitting the market in North L.A. Ventura area). There will be no shortage of formerly nice low cost homes in many area’s to choose from it seems (the whole place is starting to look like T.V. as far as foreclosures).

Palmdale is no way comparison to Temecula, Palmdale is a good two to two and half hour drive to the nearest coast, it is a true desert area, with thousands of square miles of mostly flat land available stretching east to Vegas and beyond.

There is almost no June gloom effect ever and it snows every winter, black ice is a frequent road hazard in that area in the winter.

Also for what it worth, there are more Fortune 500 companies in Temecula than there is in Valencia so Temecula definitely has a good start going here.

[Nor-LA-SD-guy]

For what it’s worth, Looking around North L.A. is just now starting to get hit really hard, down 25-30% now looking to go much lower from what I am hearing from the realtors I have talked to up here (many more foreclosures just now hitting the market in North L.A. Ventura area). There will be no shortage of formerly nice low cost homes in many area’s to choose from it seems (the whole place is starting to look like T.V. as far as foreclosures).

Palmdale is no way comparison to Temecula, Palmdale is a good two to two and half hour drive to the nearest coast, it is a true desert area, with thousands of square miles of mostly flat land available stretching east to Vegas and beyond.

There is almost no June gloom effect ever and it snows every winter, black ice is a frequent road hazard in that area in the winter.

Also for what it worth, there are more Fortune 500 companies in Temecula than there is in Valencia so Temecula definitely has a good start going here.

[Nor-LA-SD-guy]

For what it’s worth, Looking around North L.A. is just now starting to get hit really hard, down 25-30% now looking to go much lower from what I am hearing from the realtors I have talked to up here (many more foreclosures just now hitting the market in North L.A. Ventura area). There will be no shortage of formerly nice low cost homes in many area’s to choose from it seems (the whole place is starting to look like T.V. as far as foreclosures).

Palmdale is no way comparison to Temecula, Palmdale is a good two to two and half hour drive to the nearest coast, it is a true desert area, with thousands of square miles of mostly flat land available stretching east to Vegas and beyond.

There is almost no June gloom effect ever and it snows every winter, black ice is a frequent road hazard in that area in the winter.

Also for what it worth, there are more Fortune 500 companies in Temecula than there is in Valencia so Temecula definitely has a good start going here.

[Nor-LA-SD-guy]

For what it’s worth, Looking around North L.A. is just now starting to get hit really hard, down 25-30% now looking to go much lower from what I am hearing from the realtors I have talked to up here (many more foreclosures just now hitting the market in North L.A. Ventura area). There will be no shortage of formerly nice low cost homes in many area’s to choose from it seems (the whole place is starting to look like T.V. as far as foreclosures).

Palmdale is no way comparison to Temecula, Palmdale is a good two to two and half hour drive to the nearest coast, it is a true desert area, with thousands of square miles of mostly flat land available stretching east to Vegas and beyond.

There is almost no June gloom effect ever and it snows every winter, black ice is a frequent road hazard in that area in the winter.

Also for what it worth, there are more Fortune 500 companies in Temecula than there is in Valencia so Temecula definitely has a good start going here.

[bearvine]

No question that Temecula is much nicer than Palmdale, Lancaster or Moreno Valley.

The point is, if prices dip too low, investors who know how to access Section 8 WILL buy, and areas like French Valley, Menifee, et al are prime targets.

And because there are jobs in the area, especially lower wage like Pechanga staff, PHS, light industrial, etc., the likely Section 8 worker can have a job in the area, and now subsidized rent in a McMansion.

[bearvine]

No question that Temecula is much nicer than Palmdale, Lancaster or Moreno Valley.

The point is, if prices dip too low, investors who know how to access Section 8 WILL buy, and areas like French Valley, Menifee, et al are prime targets.

And because there are jobs in the area, especially lower wage like Pechanga staff, PHS, light industrial, etc., the likely Section 8 worker can have a job in the area, and now subsidized rent in a McMansion.

[bearvine]

No question that Temecula is much nicer than Palmdale, Lancaster or Moreno Valley.

The point is, if prices dip too low, investors who know how to access Section 8 WILL buy, and areas like French Valley, Menifee, et al are prime targets.

And because there are jobs in the area, especially lower wage like Pechanga staff, PHS, light industrial, etc., the likely Section 8 worker can have a job in the area, and now subsidized rent in a McMansion.

[bearvine]

No question that Temecula is much nicer than Palmdale, Lancaster or Moreno Valley.

The point is, if prices dip too low, investors who know how to access Section 8 WILL buy, and areas like French Valley, Menifee, et al are prime targets.

And because there are jobs in the area, especially lower wage like Pechanga staff, PHS, light industrial, etc., the likely Section 8 worker can have a job in the area, and now subsidized rent in a McMansion.

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