[5yes]

TG I think this will happen even more severely out in French Valley where at one development the sales lady told us they have 400 homes yet to build. My husband laughed out loud. You can barely make it down Winchester to the freeway right now. What is this going to do to water and other resources since there are so many homes still about to be added out in the desert? Also, what is up with Spencer’s Crossing? They are just getting going, they have to have some kind of plan to sell all their homes the next few years? Who is going to buy them with the high tax rates, high HOA, and all the other problems with living out so far? On a side note, I remember last summer you told me to watch Temecula Lane’s progress and so I have, several teachers I know bought in there this fall. I have been surprised that they are really selling fast and not lowering prices to where I think they would be even worth considering! I stop at the bungalows to look for deals but they rarely have anything worth my time. Am I getting too snooty now? What do you think the Centex homes up off Butterfield Stage should be worth? Those are very nice! We have been looking at repos in that area, but every month we wait prices go lower so we are just going to keep waiting. Have you decided what you want to do?

[5yes]

TG I think this will happen even more severely out in French Valley where at one development the sales lady told us they have 400 homes yet to build. My husband laughed out loud. You can barely make it down Winchester to the freeway right now. What is this going to do to water and other resources since there are so many homes still about to be added out in the desert? Also, what is up with Spencer’s Crossing? They are just getting going, they have to have some kind of plan to sell all their homes the next few years? Who is going to buy them with the high tax rates, high HOA, and all the other problems with living out so far? On a side note, I remember last summer you told me to watch Temecula Lane’s progress and so I have, several teachers I know bought in there this fall. I have been surprised that they are really selling fast and not lowering prices to where I think they would be even worth considering! I stop at the bungalows to look for deals but they rarely have anything worth my time. Am I getting too snooty now? What do you think the Centex homes up off Butterfield Stage should be worth? Those are very nice! We have been looking at repos in that area, but every month we wait prices go lower so we are just going to keep waiting. Have you decided what you want to do?

[5yes]

So it seems foolish to keep dollars in the bank. Is there a simple way for regular joes to open international bank accounts, even if it is just in Canadian dollars? I think it would be better to hold euros but it seems that may be harder to do? There are many options better than the USD right now. Funny, I remember growing up overseas when the dollar was good in any country and people loved to see that green color in their hands. Times have changed…

[5yes]

So it seems foolish to keep dollars in the bank. Is there a simple way for regular joes to open international bank accounts, even if it is just in Canadian dollars? I think it would be better to hold euros but it seems that may be harder to do? There are many options better than the USD right now. Funny, I remember growing up overseas when the dollar was good in any country and people loved to see that green color in their hands. Times have changed…

[5yes]

So it seems foolish to keep dollars in the bank. Is there a simple way for regular joes to open international bank accounts, even if it is just in Canadian dollars? I think it would be better to hold euros but it seems that may be harder to do? There are many options better than the USD right now. Funny, I remember growing up overseas when the dollar was good in any country and people loved to see that green color in their hands. Times have changed…

[5yes]

So it seems foolish to keep dollars in the bank. Is there a simple way for regular joes to open international bank accounts, even if it is just in Canadian dollars? I think it would be better to hold euros but it seems that may be harder to do? There are many options better than the USD right now. Funny, I remember growing up overseas when the dollar was good in any country and people loved to see that green color in their hands. Times have changed…

[5yes]

So it seems foolish to keep dollars in the bank. Is there a simple way for regular joes to open international bank accounts, even if it is just in Canadian dollars? I think it would be better to hold euros but it seems that may be harder to do? There are many options better than the USD right now. Funny, I remember growing up overseas when the dollar was good in any country and people loved to see that green color in their hands. Times have changed…

[5yes]

Hi arches, lots of people love Redhawk and as I am new to the area I don’t have much to say that couldn’t be topped in a witty and inspiring way by temeculaguy or some other posters, but I did want to know if you are interested in repos or exclusively looking for a new home. We are also looking locally and my husband has been dying to buy – I posted about it in another thread and just backed out at the last minute of a repo deal, 2800 sq/ft built in 2001 on the Temecula Murrieta border in a very nice neighborhood for 305,000. That was a great deal but still too much in my opinion, I am going to keep waiting, at least until the spring is the deal I made with my husband. Rehawk is still more expensive than where we were looking but the Wolf Creek area is very crowded and I like east down Temecula Parkway just a little, like the Morgan Hill or Crowne Hill areas. We go looking quite often so if you are looking too lets keep each other up on good deals. Good luck, I know we are going to need it to find a house that is a good enough deal to ride out the rest of the downturn in without kicking ourselves and posting bitterly in a couple of years.

[5yes]

Hi arches, lots of people love Redhawk and as I am new to the area I don’t have much to say that couldn’t be topped in a witty and inspiring way by temeculaguy or some other posters, but I did want to know if you are interested in repos or exclusively looking for a new home. We are also looking locally and my husband has been dying to buy – I posted about it in another thread and just backed out at the last minute of a repo deal, 2800 sq/ft built in 2001 on the Temecula Murrieta border in a very nice neighborhood for 305,000. That was a great deal but still too much in my opinion, I am going to keep waiting, at least until the spring is the deal I made with my husband. Rehawk is still more expensive than where we were looking but the Wolf Creek area is very crowded and I like east down Temecula Parkway just a little, like the Morgan Hill or Crowne Hill areas. We go looking quite often so if you are looking too lets keep each other up on good deals. Good luck, I know we are going to need it to find a house that is a good enough deal to ride out the rest of the downturn in without kicking ourselves and posting bitterly in a couple of years.

[5yes]

Hi arches, lots of people love Redhawk and as I am new to the area I don’t have much to say that couldn’t be topped in a witty and inspiring way by temeculaguy or some other posters, but I did want to know if you are interested in repos or exclusively looking for a new home. We are also looking locally and my husband has been dying to buy – I posted about it in another thread and just backed out at the last minute of a repo deal, 2800 sq/ft built in 2001 on the Temecula Murrieta border in a very nice neighborhood for 305,000. That was a great deal but still too much in my opinion, I am going to keep waiting, at least until the spring is the deal I made with my husband. Rehawk is still more expensive than where we were looking but the Wolf Creek area is very crowded and I like east down Temecula Parkway just a little, like the Morgan Hill or Crowne Hill areas. We go looking quite often so if you are looking too lets keep each other up on good deals. Good luck, I know we are going to need it to find a house that is a good enough deal to ride out the rest of the downturn in without kicking ourselves and posting bitterly in a couple of years.

[5yes]

Hi everyone, thanks for your kind words. I appreciate everyone’s advice and still am deciding what to do. I agree with everyone that things will keep going down – no one knows how far. Marion it is nice to hear from a possible future neighbor. You sound pretty determined to get the best deal out there, I am sure you will find one and pay much less than me. We have been waiting to buy since 2004 and have been in and out of rentals, I HATE renting with a family and have never been able to do some of the good things that come with home ownership like hang pictures with abandon and decorate my kid’s rooms. I am leaning towards getting the house because eventually prices will go back up so I don’t think (I hope) that if in 10 years I want to move somewhere else I would have a problem selling it. If prices really go down as low as you think, Marion, then I will buy a second fabulous house and rent this one out. Do you think rental prices will slide significantly? Because if a I can rent out this 5 bedroom, nice house that I want to buy for the currently going rates (1900-2000) then I figure I wouldn’t be cash positive renting it out but I would be even with my mortage payment. Hey, if we see 1995 prices maybe I’ll even buy some rental property and be a real piggingtonian becuase even though I may have bought before the bottom of the market I won’t be buying more than I can afford with a traditional mortgage and my credit score will still be killer.

[5yes]

Hi everyone, thanks for your kind words. I appreciate everyone’s advice and still am deciding what to do. I agree with everyone that things will keep going down – no one knows how far. Marion it is nice to hear from a possible future neighbor. You sound pretty determined to get the best deal out there, I am sure you will find one and pay much less than me. We have been waiting to buy since 2004 and have been in and out of rentals, I HATE renting with a family and have never been able to do some of the good things that come with home ownership like hang pictures with abandon and decorate my kid’s rooms. I am leaning towards getting the house because eventually prices will go back up so I don’t think (I hope) that if in 10 years I want to move somewhere else I would have a problem selling it. If prices really go down as low as you think, Marion, then I will buy a second fabulous house and rent this one out. Do you think rental prices will slide significantly? Because if a I can rent out this 5 bedroom, nice house that I want to buy for the currently going rates (1900-2000) then I figure I wouldn’t be cash positive renting it out but I would be even with my mortage payment. Hey, if we see 1995 prices maybe I’ll even buy some rental property and be a real piggingtonian becuase even though I may have bought before the bottom of the market I won’t be buying more than I can afford with a traditional mortgage and my credit score will still be killer.

[5yes]

Hi everyone, thanks for your kind words. I appreciate everyone’s advice and still am deciding what to do. I agree with everyone that things will keep going down – no one knows how far. Marion it is nice to hear from a possible future neighbor. You sound pretty determined to get the best deal out there, I am sure you will find one and pay much less than me. We have been waiting to buy since 2004 and have been in and out of rentals, I HATE renting with a family and have never been able to do some of the good things that come with home ownership like hang pictures with abandon and decorate my kid’s rooms. I am leaning towards getting the house because eventually prices will go back up so I don’t think (I hope) that if in 10 years I want to move somewhere else I would have a problem selling it. If prices really go down as low as you think, Marion, then I will buy a second fabulous house and rent this one out. Do you think rental prices will slide significantly? Because if a I can rent out this 5 bedroom, nice house that I want to buy for the currently going rates (1900-2000) then I figure I wouldn’t be cash positive renting it out but I would be even with my mortage payment. Hey, if we see 1995 prices maybe I’ll even buy some rental property and be a real piggingtonian becuase even though I may have bought before the bottom of the market I won’t be buying more than I can afford with a traditional mortgage and my credit score will still be killer.

[5yes]

Hi everyone, crazy things the market has done here in Temecula, prices are getting lower by the day. I have been working with asset managers, and making lowball offers on different properties we like, not expecting one to be accepted, but an offer was accepted and now I need to know if I should pursue it!

Details: 2800 sq/ft house in the Vintage Reserve development built 2001 behind Harveston (Murrieta schools) over 8,000 sq/ft private lot.

Listed at 460 ish, offer accepted at 305,000. My realtor has a friend working in the asset manager’s office and he has the inside track on targeted properties that the investors want rid of. This one was coming onto the chopping block. There were 3 other offers the day I offered (one the same and two higher than mine) and my was approved(partly due to my excellent credit and large good faith deposit). I know that this was not BS because while I was looking at the house 2 other people came through and I heard them both talking about going over to their realtor’s office to submit an offer. Like I said, I have offered on a few properties and have always been too late or way under the other offers. Still, I want to know if this is a deal worth riding out the downturn in. I don’t doubt that others will get better deals than me, but looking long term I hope I will not be unhappy with this purchase?

Cons: Market going down, needs sod replaced, not upgraded the way I would want (I guess I have been spoiled by all of the new homes out here, no one really needs granite to be happy!), Murrieta schools (though I have friends whose kids go to Buchanan and they love it, plus they have a kindergarten readiness class that would save me $$ on daycare), area could change as housing market goes down, market definitely going down… any others?

Pros: Nicely kept up neighborhood, close to both my husband and I’s work, walking distance to parks and elementary school, difference between renting and buying this house would be about $400/month (Yes, I ran the numbers extensively and no this does not include tax benefits, which make things pretty much a break even situation), no more moving, no more landlords, neighborhood full of kids and very friendly, price is $109 per sq/foot, which seems to be agreed upon as a decent deal… any others?

Thanks for your advice, I am really stressing over this decision. I think that if I could feel assured that in 10 years we will be glad we made this move and see equity than I will buy, but if the general feeling is that buying even at this price is a fool’s paradise than I will keep waiting.

[5yes]

Hi everyone, crazy things the market has done here in Temecula, prices are getting lower by the day. I have been working with asset managers, and making lowball offers on different properties we like, not expecting one to be accepted, but an offer was accepted and now I need to know if I should pursue it!

Details: 2800 sq/ft house in the Vintage Reserve development built 2001 behind Harveston (Murrieta schools) over 8,000 sq/ft private lot.

Listed at 460 ish, offer accepted at 305,000. My realtor has a friend working in the asset manager’s office and he has the inside track on targeted properties that the investors want rid of. This one was coming onto the chopping block. There were 3 other offers the day I offered (one the same and two higher than mine) and my was approved(partly due to my excellent credit and large good faith deposit). I know that this was not BS because while I was looking at the house 2 other people came through and I heard them both talking about going over to their realtor’s office to submit an offer. Like I said, I have offered on a few properties and have always been too late or way under the other offers. Still, I want to know if this is a deal worth riding out the downturn in. I don’t doubt that others will get better deals than me, but looking long term I hope I will not be unhappy with this purchase?

Cons: Market going down, needs sod replaced, not upgraded the way I would want (I guess I have been spoiled by all of the new homes out here, no one really needs granite to be happy!), Murrieta schools (though I have friends whose kids go to Buchanan and they love it, plus they have a kindergarten readiness class that would save me $$ on daycare), area could change as housing market goes down, market definitely going down… any others?

Pros: Nicely kept up neighborhood, close to both my husband and I’s work, walking distance to parks and elementary school, difference between renting and buying this house would be about $400/month (Yes, I ran the numbers extensively and no this does not include tax benefits, which make things pretty much a break even situation), no more moving, no more landlords, neighborhood full of kids and very friendly, price is $109 per sq/foot, which seems to be agreed upon as a decent deal… any others?

Thanks for your advice, I am really stressing over this decision. I think that if I could feel assured that in 10 years we will be glad we made this move and see equity than I will buy, but if the general feeling is that buying even at this price is a fool’s paradise than I will keep waiting.

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