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October 3, 2008 at 9:02 PM in reply to: Another Temecula Builder folds it’s tent-Morgan hill #280598October 3, 2008 at 9:02 PM in reply to: Another Temecula Builder folds it’s tent-Morgan hill #280872
bearvine
ParticipantTemecula golf tangent-
Last time I was out there and busting McMillin’s chops (they admitted there was no plan and they had no idea what was going to happen, besides being halted), checking out the Centex ghostland, took the time to hit the tables and play Pechanga’s new course.
What a great job they did on that course. Highly recommend to any golfers out there. Expensive, so if you are a gambler, harass a casino host to get comped/discount. We paid $0 for our foursome. They are closed now, but as the area is hurting there aren’t too many people able or willing to pay $150 green fees.
I believe it’s the 5th hole, it’s on the side of the mountain with a spectacular view. Drive for show, and it is majestic. One of my top 5 golf shots of all time, watched the drive sail into the clouds with all the homes in foreclosure in the backdrop, and heard the ball hit the fairway with a thud. My normal drives are 260-280, GPS tracked it at 350.
As there was no one else out there, we each hit four drives off the box.
They did a great job, and it crushes Cross Creek and Temecula Creek. Pushes Redhawk into a distant 4th IMO.
Give Temecula 10-15 years, it will be a MUCH nicer area, and it WILL be a tourist destination. The homes the wise buy in at $50-75 sq ft range and rent out until the area is ready, will do well.
October 3, 2008 at 9:02 PM in reply to: Another Temecula Builder folds it’s tent-Morgan hill #280878ParticipantTemecula golf tangent-
Last time I was out there and busting McMillin’s chops (they admitted there was no plan and they had no idea what was going to happen, besides being halted), checking out the Centex ghostland, took the time to hit the tables and play Pechanga’s new course.
What a great job they did on that course. Highly recommend to any golfers out there. Expensive, so if you are a gambler, harass a casino host to get comped/discount. We paid $0 for our foursome. They are closed now, but as the area is hurting there aren’t too many people able or willing to pay $150 green fees.
I believe it’s the 5th hole, it’s on the side of the mountain with a spectacular view. Drive for show, and it is majestic. One of my top 5 golf shots of all time, watched the drive sail into the clouds with all the homes in foreclosure in the backdrop, and heard the ball hit the fairway with a thud. My normal drives are 260-280, GPS tracked it at 350.
As there was no one else out there, we each hit four drives off the box.
They did a great job, and it crushes Cross Creek and Temecula Creek. Pushes Redhawk into a distant 4th IMO.
Give Temecula 10-15 years, it will be a MUCH nicer area, and it WILL be a tourist destination. The homes the wise buy in at $50-75 sq ft range and rent out until the area is ready, will do well.
October 3, 2008 at 9:02 PM in reply to: Another Temecula Builder folds it’s tent-Morgan hill #280920ParticipantTemecula golf tangent-
Last time I was out there and busting McMillin’s chops (they admitted there was no plan and they had no idea what was going to happen, besides being halted), checking out the Centex ghostland, took the time to hit the tables and play Pechanga’s new course.
What a great job they did on that course. Highly recommend to any golfers out there. Expensive, so if you are a gambler, harass a casino host to get comped/discount. We paid $0 for our foursome. They are closed now, but as the area is hurting there aren’t too many people able or willing to pay $150 green fees.
I believe it’s the 5th hole, it’s on the side of the mountain with a spectacular view. Drive for show, and it is majestic. One of my top 5 golf shots of all time, watched the drive sail into the clouds with all the homes in foreclosure in the backdrop, and heard the ball hit the fairway with a thud. My normal drives are 260-280, GPS tracked it at 350.
As there was no one else out there, we each hit four drives off the box.
They did a great job, and it crushes Cross Creek and Temecula Creek. Pushes Redhawk into a distant 4th IMO.
Give Temecula 10-15 years, it will be a MUCH nicer area, and it WILL be a tourist destination. The homes the wise buy in at $50-75 sq ft range and rent out until the area is ready, will do well.
October 3, 2008 at 9:02 PM in reply to: Another Temecula Builder folds it’s tent-Morgan hill #280931ParticipantTemecula golf tangent-
Last time I was out there and busting McMillin’s chops (they admitted there was no plan and they had no idea what was going to happen, besides being halted), checking out the Centex ghostland, took the time to hit the tables and play Pechanga’s new course.
What a great job they did on that course. Highly recommend to any golfers out there. Expensive, so if you are a gambler, harass a casino host to get comped/discount. We paid $0 for our foursome. They are closed now, but as the area is hurting there aren’t too many people able or willing to pay $150 green fees.
I believe it’s the 5th hole, it’s on the side of the mountain with a spectacular view. Drive for show, and it is majestic. One of my top 5 golf shots of all time, watched the drive sail into the clouds with all the homes in foreclosure in the backdrop, and heard the ball hit the fairway with a thud. My normal drives are 260-280, GPS tracked it at 350.
As there was no one else out there, we each hit four drives off the box.
They did a great job, and it crushes Cross Creek and Temecula Creek. Pushes Redhawk into a distant 4th IMO.
Give Temecula 10-15 years, it will be a MUCH nicer area, and it WILL be a tourist destination. The homes the wise buy in at $50-75 sq ft range and rent out until the area is ready, will do well.
October 3, 2008 at 8:48 PM in reply to: Another Temecula Builder folds it’s tent-Morgan hill #280583ParticipantTG you beat me to it…
I was posting a response to an old thread of yours after getting the same email.
Temecula Dreaming!
Whomever bids, and buys these is an absolute IDIOT.
Sure beautifully done, especially the Ruffino models, but talk about smoking the funny stuff…
McMillin has no idea and no plan for what they want to do with the hundreds of graded, zoned, empty lots that they have in Ruffino, Montevina, and the Phase 3 section of Morgan Hill. The sons BLEW it.
Also remember, one of the greatest homes ever in Morgan, the K Hov plan 4, which sold for 899, recently sold for 450 or so, at 4200 sq ft.
If any of you Temecula based Piggington’s have free time on the weekend, please check out the INCREDIBLE OPPORTUNITY this weekend and report back to us on this thread. And while you are there, submit an offers in the $300 range for fun.
Don’t forget my $75 sq ft Morgan Hill projection from a while ago…
October 3, 2008 at 8:48 PM in reply to: Another Temecula Builder folds it’s tent-Morgan hill #280857ParticipantTG you beat me to it…
I was posting a response to an old thread of yours after getting the same email.
Temecula Dreaming!
Whomever bids, and buys these is an absolute IDIOT.
Sure beautifully done, especially the Ruffino models, but talk about smoking the funny stuff…
McMillin has no idea and no plan for what they want to do with the hundreds of graded, zoned, empty lots that they have in Ruffino, Montevina, and the Phase 3 section of Morgan Hill. The sons BLEW it.
Also remember, one of the greatest homes ever in Morgan, the K Hov plan 4, which sold for 899, recently sold for 450 or so, at 4200 sq ft.
If any of you Temecula based Piggington’s have free time on the weekend, please check out the INCREDIBLE OPPORTUNITY this weekend and report back to us on this thread. And while you are there, submit an offers in the $300 range for fun.
Don’t forget my $75 sq ft Morgan Hill projection from a while ago…
October 3, 2008 at 8:48 PM in reply to: Another Temecula Builder folds it’s tent-Morgan hill #280863ParticipantTG you beat me to it…
I was posting a response to an old thread of yours after getting the same email.
Temecula Dreaming!
Whomever bids, and buys these is an absolute IDIOT.
Sure beautifully done, especially the Ruffino models, but talk about smoking the funny stuff…
McMillin has no idea and no plan for what they want to do with the hundreds of graded, zoned, empty lots that they have in Ruffino, Montevina, and the Phase 3 section of Morgan Hill. The sons BLEW it.
Also remember, one of the greatest homes ever in Morgan, the K Hov plan 4, which sold for 899, recently sold for 450 or so, at 4200 sq ft.
If any of you Temecula based Piggington’s have free time on the weekend, please check out the INCREDIBLE OPPORTUNITY this weekend and report back to us on this thread. And while you are there, submit an offers in the $300 range for fun.
Don’t forget my $75 sq ft Morgan Hill projection from a while ago…
October 3, 2008 at 8:48 PM in reply to: Another Temecula Builder folds it’s tent-Morgan hill #280905ParticipantTG you beat me to it…
I was posting a response to an old thread of yours after getting the same email.
Temecula Dreaming!
Whomever bids, and buys these is an absolute IDIOT.
Sure beautifully done, especially the Ruffino models, but talk about smoking the funny stuff…
McMillin has no idea and no plan for what they want to do with the hundreds of graded, zoned, empty lots that they have in Ruffino, Montevina, and the Phase 3 section of Morgan Hill. The sons BLEW it.
Also remember, one of the greatest homes ever in Morgan, the K Hov plan 4, which sold for 899, recently sold for 450 or so, at 4200 sq ft.
If any of you Temecula based Piggington’s have free time on the weekend, please check out the INCREDIBLE OPPORTUNITY this weekend and report back to us on this thread. And while you are there, submit an offers in the $300 range for fun.
Don’t forget my $75 sq ft Morgan Hill projection from a while ago…
October 3, 2008 at 8:48 PM in reply to: Another Temecula Builder folds it’s tent-Morgan hill #280916ParticipantTG you beat me to it…
I was posting a response to an old thread of yours after getting the same email.
Temecula Dreaming!
Whomever bids, and buys these is an absolute IDIOT.
Sure beautifully done, especially the Ruffino models, but talk about smoking the funny stuff…
McMillin has no idea and no plan for what they want to do with the hundreds of graded, zoned, empty lots that they have in Ruffino, Montevina, and the Phase 3 section of Morgan Hill. The sons BLEW it.
Also remember, one of the greatest homes ever in Morgan, the K Hov plan 4, which sold for 899, recently sold for 450 or so, at 4200 sq ft.
If any of you Temecula based Piggington’s have free time on the weekend, please check out the INCREDIBLE OPPORTUNITY this weekend and report back to us on this thread. And while you are there, submit an offers in the $300 range for fun.
Don’t forget my $75 sq ft Morgan Hill projection from a while ago…
ParticipantTG, the worse is yet to come…
I’m glad you didn’t get the place– there are still too many buyers out there not in the know, or due to their financial position buying into the new version of subprime loans (FHA) and basically still smoking the funny stuff…
From the last time I posted months ago, and you had posted some examples we had started to look into buying again, and passed after further inspection.
Long story short, there is still a considerable amount of inventory that has yet to hit the market, including a big chunk of the fraud homes.
Here’s an example; one of the homes we had, paid 330 in 02, sold at 550 in 05. That person sold for 650 in 06 in a questionable transaction, that person defaulted and the property was recently sold for 220 in a bulk bank deal. FYI, 3500 sq ft.
Prior to all the recent financial news, banks were offering bulk deals on houses in the area, 10-20 homes in a package to investors, and there are larger packages of homes deals that had been available as well, and probably still.
With investments with great valuations for the investor currently available in numerous areas (and industries), most astute and well capitalized investors won’t even look in Temecula.
That means the investors who take these packages, in my opinion, can not afford to hold out for higher prices and will flip the homes as quick as possible. And I bet some will get stuck with some, and will get to a point where they’ll sell at a loss.
ParticipantTG, the worse is yet to come…
I’m glad you didn’t get the place– there are still too many buyers out there not in the know, or due to their financial position buying into the new version of subprime loans (FHA) and basically still smoking the funny stuff…
From the last time I posted months ago, and you had posted some examples we had started to look into buying again, and passed after further inspection.
Long story short, there is still a considerable amount of inventory that has yet to hit the market, including a big chunk of the fraud homes.
Here’s an example; one of the homes we had, paid 330 in 02, sold at 550 in 05. That person sold for 650 in 06 in a questionable transaction, that person defaulted and the property was recently sold for 220 in a bulk bank deal. FYI, 3500 sq ft.
Prior to all the recent financial news, banks were offering bulk deals on houses in the area, 10-20 homes in a package to investors, and there are larger packages of homes deals that had been available as well, and probably still.
With investments with great valuations for the investor currently available in numerous areas (and industries), most astute and well capitalized investors won’t even look in Temecula.
That means the investors who take these packages, in my opinion, can not afford to hold out for higher prices and will flip the homes as quick as possible. And I bet some will get stuck with some, and will get to a point where they’ll sell at a loss.
ParticipantTG, the worse is yet to come…
I’m glad you didn’t get the place– there are still too many buyers out there not in the know, or due to their financial position buying into the new version of subprime loans (FHA) and basically still smoking the funny stuff…
From the last time I posted months ago, and you had posted some examples we had started to look into buying again, and passed after further inspection.
Long story short, there is still a considerable amount of inventory that has yet to hit the market, including a big chunk of the fraud homes.
Here’s an example; one of the homes we had, paid 330 in 02, sold at 550 in 05. That person sold for 650 in 06 in a questionable transaction, that person defaulted and the property was recently sold for 220 in a bulk bank deal. FYI, 3500 sq ft.
Prior to all the recent financial news, banks were offering bulk deals on houses in the area, 10-20 homes in a package to investors, and there are larger packages of homes deals that had been available as well, and probably still.
With investments with great valuations for the investor currently available in numerous areas (and industries), most astute and well capitalized investors won’t even look in Temecula.
That means the investors who take these packages, in my opinion, can not afford to hold out for higher prices and will flip the homes as quick as possible. And I bet some will get stuck with some, and will get to a point where they’ll sell at a loss.
ParticipantTG, the worse is yet to come…
I’m glad you didn’t get the place– there are still too many buyers out there not in the know, or due to their financial position buying into the new version of subprime loans (FHA) and basically still smoking the funny stuff…
From the last time I posted months ago, and you had posted some examples we had started to look into buying again, and passed after further inspection.
Long story short, there is still a considerable amount of inventory that has yet to hit the market, including a big chunk of the fraud homes.
Here’s an example; one of the homes we had, paid 330 in 02, sold at 550 in 05. That person sold for 650 in 06 in a questionable transaction, that person defaulted and the property was recently sold for 220 in a bulk bank deal. FYI, 3500 sq ft.
Prior to all the recent financial news, banks were offering bulk deals on houses in the area, 10-20 homes in a package to investors, and there are larger packages of homes deals that had been available as well, and probably still.
With investments with great valuations for the investor currently available in numerous areas (and industries), most astute and well capitalized investors won’t even look in Temecula.
That means the investors who take these packages, in my opinion, can not afford to hold out for higher prices and will flip the homes as quick as possible. And I bet some will get stuck with some, and will get to a point where they’ll sell at a loss.
ParticipantTG, the worse is yet to come…
I’m glad you didn’t get the place– there are still too many buyers out there not in the know, or due to their financial position buying into the new version of subprime loans (FHA) and basically still smoking the funny stuff…
From the last time I posted months ago, and you had posted some examples we had started to look into buying again, and passed after further inspection.
Long story short, there is still a considerable amount of inventory that has yet to hit the market, including a big chunk of the fraud homes.
Here’s an example; one of the homes we had, paid 330 in 02, sold at 550 in 05. That person sold for 650 in 06 in a questionable transaction, that person defaulted and the property was recently sold for 220 in a bulk bank deal. FYI, 3500 sq ft.
Prior to all the recent financial news, banks were offering bulk deals on houses in the area, 10-20 homes in a package to investors, and there are larger packages of homes deals that had been available as well, and probably still.
With investments with great valuations for the investor currently available in numerous areas (and industries), most astute and well capitalized investors won’t even look in Temecula.
That means the investors who take these packages, in my opinion, can not afford to hold out for higher prices and will flip the homes as quick as possible. And I bet some will get stuck with some, and will get to a point where they’ll sell at a loss.
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