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bearvine
ParticipantNo question that Temecula is much nicer than Palmdale, Lancaster or Moreno Valley.
The point is, if prices dip too low, investors who know how to access Section 8 WILL buy, and areas like French Valley, Menifee, et al are prime targets.
And because there are jobs in the area, especially lower wage like Pechanga staff, PHS, light industrial, etc., the likely Section 8 worker can have a job in the area, and now subsidized rent in a McMansion.
ParticipantNo question that Temecula is much nicer than Palmdale, Lancaster or Moreno Valley.
The point is, if prices dip too low, investors who know how to access Section 8 WILL buy, and areas like French Valley, Menifee, et al are prime targets.
And because there are jobs in the area, especially lower wage like Pechanga staff, PHS, light industrial, etc., the likely Section 8 worker can have a job in the area, and now subsidized rent in a McMansion.
ParticipantNo question that Temecula is much nicer than Palmdale, Lancaster or Moreno Valley.
The point is, if prices dip too low, investors who know how to access Section 8 WILL buy, and areas like French Valley, Menifee, et al are prime targets.
And because there are jobs in the area, especially lower wage like Pechanga staff, PHS, light industrial, etc., the likely Section 8 worker can have a job in the area, and now subsidized rent in a McMansion.
ParticipantNo question that Temecula is much nicer than Palmdale, Lancaster or Moreno Valley.
The point is, if prices dip too low, investors who know how to access Section 8 WILL buy, and areas like French Valley, Menifee, et al are prime targets.
And because there are jobs in the area, especially lower wage like Pechanga staff, PHS, light industrial, etc., the likely Section 8 worker can have a job in the area, and now subsidized rent in a McMansion.
ParticipantThat’s a nice floorplan, but that deal is not as good as the K Hov Plan 4 model that sold in the 4’s not too long ago.
Anywhere in the mid 3’s is safe for the above house. Not quite my $75 sq ft prediction, but close enough.
The sales crew there must be loving that listing.
ParticipantThat’s a nice floorplan, but that deal is not as good as the K Hov Plan 4 model that sold in the 4’s not too long ago.
Anywhere in the mid 3’s is safe for the above house. Not quite my $75 sq ft prediction, but close enough.
The sales crew there must be loving that listing.
ParticipantThat’s a nice floorplan, but that deal is not as good as the K Hov Plan 4 model that sold in the 4’s not too long ago.
Anywhere in the mid 3’s is safe for the above house. Not quite my $75 sq ft prediction, but close enough.
The sales crew there must be loving that listing.
ParticipantThat’s a nice floorplan, but that deal is not as good as the K Hov Plan 4 model that sold in the 4’s not too long ago.
Anywhere in the mid 3’s is safe for the above house. Not quite my $75 sq ft prediction, but close enough.
The sales crew there must be loving that listing.
ParticipantThat’s a nice floorplan, but that deal is not as good as the K Hov Plan 4 model that sold in the 4’s not too long ago.
Anywhere in the mid 3’s is safe for the above house. Not quite my $75 sq ft prediction, but close enough.
The sales crew there must be loving that listing.
ParticipantIt’s called Section 8
When the home prices get into the 1’s investors with connections buy them up, get the Section 8 deal, and move the ghetto in. See Palmdale, Lancaster, Moreno Valley.
Not as likely in Temecula, but it can happen.
And yes, the impoverished are just fine with The McMansions. See what’s happened to Tuscany Hills and Canyon Hills in Lake Elsinore, Sections of Wildomar, Murrieta, Temeucla, and much of Menifee and French valley. Family and their kids (say 5 conservatively) both sets of grand parents (add 4) throw in a few cousins and extended relatives (3) add the daughter’s new baby and boyfriend (1.5) and now you have 13.5 in the 5br 3000 sq ft home with the garage converted. With 7 cars outside.
And so no one throws the race card out, I have seen this scenario for ALL backgrounds.
Many in the RE blogsphere are rooting for rock bottom prices. The truth is that is not always the best scenario. As pointed out earlier by others, think of who your neighbors might be.
One last point, and we have seen this more than once at REO’s in the area.
When you see a home with linoleum floors throughout (upstairs too) with plant pot watermarks throughout, an extra ac unit and a swamp cooler, central vacuum system that when you hit the wall switch the vents make your hair stand up, all kinds of light fixtures that have been ripped out, guess what this house used to be?
And these do exist in the aforementioned areas.
ParticipantIt’s called Section 8
When the home prices get into the 1’s investors with connections buy them up, get the Section 8 deal, and move the ghetto in. See Palmdale, Lancaster, Moreno Valley.
Not as likely in Temecula, but it can happen.
And yes, the impoverished are just fine with The McMansions. See what’s happened to Tuscany Hills and Canyon Hills in Lake Elsinore, Sections of Wildomar, Murrieta, Temeucla, and much of Menifee and French valley. Family and their kids (say 5 conservatively) both sets of grand parents (add 4) throw in a few cousins and extended relatives (3) add the daughter’s new baby and boyfriend (1.5) and now you have 13.5 in the 5br 3000 sq ft home with the garage converted. With 7 cars outside.
And so no one throws the race card out, I have seen this scenario for ALL backgrounds.
Many in the RE blogsphere are rooting for rock bottom prices. The truth is that is not always the best scenario. As pointed out earlier by others, think of who your neighbors might be.
One last point, and we have seen this more than once at REO’s in the area.
When you see a home with linoleum floors throughout (upstairs too) with plant pot watermarks throughout, an extra ac unit and a swamp cooler, central vacuum system that when you hit the wall switch the vents make your hair stand up, all kinds of light fixtures that have been ripped out, guess what this house used to be?
And these do exist in the aforementioned areas.
ParticipantIt’s called Section 8
When the home prices get into the 1’s investors with connections buy them up, get the Section 8 deal, and move the ghetto in. See Palmdale, Lancaster, Moreno Valley.
Not as likely in Temecula, but it can happen.
And yes, the impoverished are just fine with The McMansions. See what’s happened to Tuscany Hills and Canyon Hills in Lake Elsinore, Sections of Wildomar, Murrieta, Temeucla, and much of Menifee and French valley. Family and their kids (say 5 conservatively) both sets of grand parents (add 4) throw in a few cousins and extended relatives (3) add the daughter’s new baby and boyfriend (1.5) and now you have 13.5 in the 5br 3000 sq ft home with the garage converted. With 7 cars outside.
And so no one throws the race card out, I have seen this scenario for ALL backgrounds.
Many in the RE blogsphere are rooting for rock bottom prices. The truth is that is not always the best scenario. As pointed out earlier by others, think of who your neighbors might be.
One last point, and we have seen this more than once at REO’s in the area.
When you see a home with linoleum floors throughout (upstairs too) with plant pot watermarks throughout, an extra ac unit and a swamp cooler, central vacuum system that when you hit the wall switch the vents make your hair stand up, all kinds of light fixtures that have been ripped out, guess what this house used to be?
And these do exist in the aforementioned areas.
ParticipantIt’s called Section 8
When the home prices get into the 1’s investors with connections buy them up, get the Section 8 deal, and move the ghetto in. See Palmdale, Lancaster, Moreno Valley.
Not as likely in Temecula, but it can happen.
And yes, the impoverished are just fine with The McMansions. See what’s happened to Tuscany Hills and Canyon Hills in Lake Elsinore, Sections of Wildomar, Murrieta, Temeucla, and much of Menifee and French valley. Family and their kids (say 5 conservatively) both sets of grand parents (add 4) throw in a few cousins and extended relatives (3) add the daughter’s new baby and boyfriend (1.5) and now you have 13.5 in the 5br 3000 sq ft home with the garage converted. With 7 cars outside.
And so no one throws the race card out, I have seen this scenario for ALL backgrounds.
Many in the RE blogsphere are rooting for rock bottom prices. The truth is that is not always the best scenario. As pointed out earlier by others, think of who your neighbors might be.
One last point, and we have seen this more than once at REO’s in the area.
When you see a home with linoleum floors throughout (upstairs too) with plant pot watermarks throughout, an extra ac unit and a swamp cooler, central vacuum system that when you hit the wall switch the vents make your hair stand up, all kinds of light fixtures that have been ripped out, guess what this house used to be?
And these do exist in the aforementioned areas.
ParticipantIt’s called Section 8
When the home prices get into the 1’s investors with connections buy them up, get the Section 8 deal, and move the ghetto in. See Palmdale, Lancaster, Moreno Valley.
Not as likely in Temecula, but it can happen.
And yes, the impoverished are just fine with The McMansions. See what’s happened to Tuscany Hills and Canyon Hills in Lake Elsinore, Sections of Wildomar, Murrieta, Temeucla, and much of Menifee and French valley. Family and their kids (say 5 conservatively) both sets of grand parents (add 4) throw in a few cousins and extended relatives (3) add the daughter’s new baby and boyfriend (1.5) and now you have 13.5 in the 5br 3000 sq ft home with the garage converted. With 7 cars outside.
And so no one throws the race card out, I have seen this scenario for ALL backgrounds.
Many in the RE blogsphere are rooting for rock bottom prices. The truth is that is not always the best scenario. As pointed out earlier by others, think of who your neighbors might be.
One last point, and we have seen this more than once at REO’s in the area.
When you see a home with linoleum floors throughout (upstairs too) with plant pot watermarks throughout, an extra ac unit and a swamp cooler, central vacuum system that when you hit the wall switch the vents make your hair stand up, all kinds of light fixtures that have been ripped out, guess what this house used to be?
And these do exist in the aforementioned areas.
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