What to do in Temecula?

[HLS]

You renters need to be happy that you have such (financially) wise landlords who are in it for the long haul! 😉

Just hope that they don’t think about it too hard.

[temeculaguy]

Matt, the problem with those rentals is that they are too far North with the exception of the condo and that condo in So.Tem was the same price as a big house in French. I’ve lived up there and I’m not going back so my rental options are limited to 1600 for a condo 2k for a house and everybody wants a year lease that I don’t want. Both those listings I posted were new in the last few days and I’m seeing the new stuff take huge downward moves, you will do very well waiting years but I see this holiday season as my time. Actually now is the time for me but I’ve convinced myself that my specific area will drop another 10-15% by Christmas, maybe I’ll talk myself into a another three months when Christmas gets here but we will see. At this point my after tax cost on the same thing is now equal to rent, so there is no savings, the only benefit is expected nominal price drops and the one I have my eye on (which I did not post) is about 2k sq ft and just a hair over 300k, if it gets to 270 or 280, I’m done. Without laying out my w-2’s my mortgage would be about one week’s pay each month, giving me what I want at the price I want, the affordabilty level that I wan’t and still keeping cash in the bank, if in two years it goes to hell I’ll pick up a rental. Borrowing what amounts to two years pay doesn’t scare me, it’s actually quite prudent and if the typical S.D. coastal buyer of an 800k house with 20% down made 320k a year they would feel just fine too. Then I can get off these housing websites and go back to what the internet was intended to be used for, sports and porn.

[temeculaguy]

Matt, the problem with those rentals is that they are too far North with the exception of the condo and that condo in So.Tem was the same price as a big house in French. I’ve lived up there and I’m not going back so my rental options are limited to 1600 for a condo 2k for a house and everybody wants a year lease that I don’t want. Both those listings I posted were new in the last few days and I’m seeing the new stuff take huge downward moves, you will do very well waiting years but I see this holiday season as my time. Actually now is the time for me but I’ve convinced myself that my specific area will drop another 10-15% by Christmas, maybe I’ll talk myself into a another three months when Christmas gets here but we will see. At this point my after tax cost on the same thing is now equal to rent, so there is no savings, the only benefit is expected nominal price drops and the one I have my eye on (which I did not post) is about 2k sq ft and just a hair over 300k, if it gets to 270 or 280, I’m done. Without laying out my w-2’s my mortgage would be about one week’s pay each month, giving me what I want at the price I want, the affordabilty level that I wan’t and still keeping cash in the bank, if in two years it goes to hell I’ll pick up a rental. Borrowing what amounts to two years pay doesn’t scare me, it’s actually quite prudent and if the typical S.D. coastal buyer of an 800k house with 20% down made 320k a year they would feel just fine too. Then I can get off these housing websites and go back to what the internet was intended to be used for, sports and porn.

[temeculaguy]

Matt, the problem with those rentals is that they are too far North with the exception of the condo and that condo in So.Tem was the same price as a big house in French. I’ve lived up there and I’m not going back so my rental options are limited to 1600 for a condo 2k for a house and everybody wants a year lease that I don’t want. Both those listings I posted were new in the last few days and I’m seeing the new stuff take huge downward moves, you will do very well waiting years but I see this holiday season as my time. Actually now is the time for me but I’ve convinced myself that my specific area will drop another 10-15% by Christmas, maybe I’ll talk myself into a another three months when Christmas gets here but we will see. At this point my after tax cost on the same thing is now equal to rent, so there is no savings, the only benefit is expected nominal price drops and the one I have my eye on (which I did not post) is about 2k sq ft and just a hair over 300k, if it gets to 270 or 280, I’m done. Without laying out my w-2’s my mortgage would be about one week’s pay each month, giving me what I want at the price I want, the affordabilty level that I wan’t and still keeping cash in the bank, if in two years it goes to hell I’ll pick up a rental. Borrowing what amounts to two years pay doesn’t scare me, it’s actually quite prudent and if the typical S.D. coastal buyer of an 800k house with 20% down made 320k a year they would feel just fine too. Then I can get off these housing websites and go back to what the internet was intended to be used for, sports and porn.

[paramount]

There is no reason to feel bad about living in Temecula, it sounds like you would be from your opening statements.

The Temecula bashing primarily comes from San Diego snobs who like to make themselves feel good by bashing people who live in Temecula/ and or Temecula itself.

I have been living in Temecula for 5 years, in Paloma Del Sol. I have been very happy living here – it is a properly designed community IMO: huge parks, nice size lots overall, wide streets, good distance between most houses, 5 pools. They just don’t “build em” like that anymore.

On South Temecula: In general IMO a less desirable area: lots of traffic (due to casino), close to the casino, a flat, featureless area. I’m talking about Wolf Creek, Temecula Lane.

Prime real estate in Temecula IMO: Area 211 which is basically bounded by Butterfield Stage, Margarita, Pauba and 79 South. 3 Prime communities: Paloma Del Sol (most parts), Paseo Del Sol and Vintage Hills. Crowne Hill is nice, but there are no pools and precious few amenities.

Redhawk: Some very nice areas including Morgan Hill and others as well. I would stay away from Vail Ranch in Redhawk.

On Temecula: Low crime, still fairly clean air, somewhat honest City Goverment but perfect? Ofcourse not, no place is…

BTW: Believe this or not, WHEN houses are priced CORRECTLY they seem to sell very fast in the 211 area.

[Author]

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