You’d have to be an idiot to buy a house

[scaredyclassic]

Ok, maybe idiot is too strong. but lately ive met a lot of people in temecula/murrieta who are JUST NOT PAYING their mortgage and who have been living in their houses a LONG TIME. so my question is, how can anyone buy a house in an environment like this? How can anyone actually appraise a house when some unknown but maybe very large eprcentage of the population is just hanging around in homes not paying and the banks do nothing? HOW DO YOU AHVE ANY IDEA WHAT a place in this town is worth? who has any idea what supply there is? I mean, i am starting to come to the conclusion that i would ahve to be a moron to buya house in a town where no one but me would be paying and the comps don’t include the vast supply of people whoa re living in houses not paying so the supply can be kept low so prices can be kept high. what am i missing? why would anyone other than a moron buy a house right now?

[FormerOwner]

I 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!

[FormerOwner]

I 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!

[FormerOwner]

I 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!

[FormerOwner]

I 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!

[FormerOwner]

I 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!

[scaredyclassic]

are 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?

[scaredyclassic]

are 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?

[scaredyclassic]

are 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?

[scaredyclassic]

are 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?

[scaredyclassic]

are 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?

[NotCranky]

Maybe FSD is being Facetious, I can’t tell anymore.

[NotCranky]

Maybe FSD is being Facetious, I can’t tell anymore.

[NotCranky]

Maybe FSD is being Facetious, I can’t tell anymore.

[NotCranky]

Maybe FSD is being Facetious, I can’t tell anymore.

[Author]

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