- This topic has 430 replies, 30 voices, and was last updated 15 years, 5 months ago by
Nor-LA-SD-guy.
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March 14, 2009 at 4:46 PM #15298March 14, 2009 at 5:29 PM #366043
FormerOwner
ParticipantI agree 100%. I personally know a number of people living in their houses in Temecula/Murrieta/French Valley without paying either mortgage or property taxes. There is a ton of “hidden inventory” in the Temecula Valley housing market.
The recent bear market rally in housing up here is mostly due to investors buying houses to rent out. How will the renters pay the rent long term? There are no jobs here to speak of. Traffic to get to a decent paying professional job is horiffic. If gas prices shoot back up and stay high that will solve the traffic issue because no one will live in the area. Either way, the market has no where to go but down – both prices and rents. That’s why I am a renter and have no plans to buy. There is absolutely nothing holding up this housing market long term!
March 14, 2009 at 5:29 PM #366331FormerOwner
ParticipantI agree 100%. I personally know a number of people living in their houses in Temecula/Murrieta/French Valley without paying either mortgage or property taxes. There is a ton of “hidden inventory” in the Temecula Valley housing market.
The recent bear market rally in housing up here is mostly due to investors buying houses to rent out. How will the renters pay the rent long term? There are no jobs here to speak of. Traffic to get to a decent paying professional job is horiffic. If gas prices shoot back up and stay high that will solve the traffic issue because no one will live in the area. Either way, the market has no where to go but down – both prices and rents. That’s why I am a renter and have no plans to buy. There is absolutely nothing holding up this housing market long term!
March 14, 2009 at 5:29 PM #366495FormerOwner
ParticipantI agree 100%. I personally know a number of people living in their houses in Temecula/Murrieta/French Valley without paying either mortgage or property taxes. There is a ton of “hidden inventory” in the Temecula Valley housing market.
The recent bear market rally in housing up here is mostly due to investors buying houses to rent out. How will the renters pay the rent long term? There are no jobs here to speak of. Traffic to get to a decent paying professional job is horiffic. If gas prices shoot back up and stay high that will solve the traffic issue because no one will live in the area. Either way, the market has no where to go but down – both prices and rents. That’s why I am a renter and have no plans to buy. There is absolutely nothing holding up this housing market long term!
March 14, 2009 at 5:29 PM #366533FormerOwner
ParticipantI agree 100%. I personally know a number of people living in their houses in Temecula/Murrieta/French Valley without paying either mortgage or property taxes. There is a ton of “hidden inventory” in the Temecula Valley housing market.
The recent bear market rally in housing up here is mostly due to investors buying houses to rent out. How will the renters pay the rent long term? There are no jobs here to speak of. Traffic to get to a decent paying professional job is horiffic. If gas prices shoot back up and stay high that will solve the traffic issue because no one will live in the area. Either way, the market has no where to go but down – both prices and rents. That’s why I am a renter and have no plans to buy. There is absolutely nothing holding up this housing market long term!
March 14, 2009 at 5:29 PM #366643FormerOwner
ParticipantI agree 100%. I personally know a number of people living in their houses in Temecula/Murrieta/French Valley without paying either mortgage or property taxes. There is a ton of “hidden inventory” in the Temecula Valley housing market.
The recent bear market rally in housing up here is mostly due to investors buying houses to rent out. How will the renters pay the rent long term? There are no jobs here to speak of. Traffic to get to a decent paying professional job is horiffic. If gas prices shoot back up and stay high that will solve the traffic issue because no one will live in the area. Either way, the market has no where to go but down – both prices and rents. That’s why I am a renter and have no plans to buy. There is absolutely nothing holding up this housing market long term!
March 14, 2009 at 6:40 PM #366088scaredyclassic
Participantare things really different now? has there ever been a time in the history of the US, nay, the history of man, where people owe money on their places and the creditors say, screw it, it’s cheaper for us to let you live there for nothing than to take the dang thing back?
March 14, 2009 at 6:40 PM #366376scaredyclassic
Participantare things really different now? has there ever been a time in the history of the US, nay, the history of man, where people owe money on their places and the creditors say, screw it, it’s cheaper for us to let you live there for nothing than to take the dang thing back?
March 14, 2009 at 6:40 PM #366540scaredyclassic
Participantare things really different now? has there ever been a time in the history of the US, nay, the history of man, where people owe money on their places and the creditors say, screw it, it’s cheaper for us to let you live there for nothing than to take the dang thing back?
March 14, 2009 at 6:40 PM #366578scaredyclassic
Participantare things really different now? has there ever been a time in the history of the US, nay, the history of man, where people owe money on their places and the creditors say, screw it, it’s cheaper for us to let you live there for nothing than to take the dang thing back?
March 14, 2009 at 6:40 PM #366687scaredyclassic
Participantare things really different now? has there ever been a time in the history of the US, nay, the history of man, where people owe money on their places and the creditors say, screw it, it’s cheaper for us to let you live there for nothing than to take the dang thing back?
March 14, 2009 at 8:33 PM #366148NotCranky
ParticipantMaybe FSD is being Facetious, I can’t tell anymore.
March 14, 2009 at 8:33 PM #366436NotCranky
ParticipantMaybe FSD is being Facetious, I can’t tell anymore.
March 14, 2009 at 8:33 PM #366601NotCranky
ParticipantMaybe FSD is being Facetious, I can’t tell anymore.
March 14, 2009 at 8:33 PM #366636NotCranky
ParticipantMaybe FSD is being Facetious, I can’t tell anymore.
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