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[quote=tlefort]On a general note, as far as picking a bottom. No one, and I mean NO ONE knows where the actual botom is until we are all looking back years from now. All we have is data and statistics. ”

It makes sense to me that when it costs more to build a house – just a house, no land – than it does to buy an existing property with a house on it then we are at the bottom. The land my house is sitting on is effectively worthless right now. Construction costs remain relatively the same while land prices fluctuate wildly and what fool is buying land right now?

A 4-acre property with a killer view and a 2005 manufactered home in Aguanga just went for 85,000. The home itself probably cost 120,000. Can’t get much more bottom than that!

[[email protected]]

[quote=tlefort]On a general note, as far as picking a bottom. No one, and I mean NO ONE knows where the actual botom is until we are all looking back years from now. All we have is data and statistics. ”

It makes sense to me that when it costs more to build a house – just a house, no land – than it does to buy an existing property with a house on it then we are at the bottom. The land my house is sitting on is effectively worthless right now. Construction costs remain relatively the same while land prices fluctuate wildly and what fool is buying land right now?

A 4-acre property with a killer view and a 2005 manufactered home in Aguanga just went for 85,000. The home itself probably cost 120,000. Can’t get much more bottom than that!

[[email protected]]

[quote=tlefort]On a general note, as far as picking a bottom. No one, and I mean NO ONE knows where the actual botom is until we are all looking back years from now. All we have is data and statistics. ”

It makes sense to me that when it costs more to build a house – just a house, no land – than it does to buy an existing property with a house on it then we are at the bottom. The land my house is sitting on is effectively worthless right now. Construction costs remain relatively the same while land prices fluctuate wildly and what fool is buying land right now?

A 4-acre property with a killer view and a 2005 manufactered home in Aguanga just went for 85,000. The home itself probably cost 120,000. Can’t get much more bottom than that!

[[email protected]]

[quote=tlefort]On a general note, as far as picking a bottom. No one, and I mean NO ONE knows where the actual botom is until we are all looking back years from now. All we have is data and statistics. ”

It makes sense to me that when it costs more to build a house – just a house, no land – than it does to buy an existing property with a house on it then we are at the bottom. The land my house is sitting on is effectively worthless right now. Construction costs remain relatively the same while land prices fluctuate wildly and what fool is buying land right now?

A 4-acre property with a killer view and a 2005 manufactered home in Aguanga just went for 85,000. The home itself probably cost 120,000. Can’t get much more bottom than that!

[[email protected]]

[quote=tlefort]On a general note, as far as picking a bottom. No one, and I mean NO ONE knows where the actual botom is until we are all looking back years from now. All we have is data and statistics. ”

It makes sense to me that when it costs more to build a house – just a house, no land – than it does to buy an existing property with a house on it then we are at the bottom. The land my house is sitting on is effectively worthless right now. Construction costs remain relatively the same while land prices fluctuate wildly and what fool is buying land right now?

A 4-acre property with a killer view and a 2005 manufactered home in Aguanga just went for 85,000. The home itself probably cost 120,000. Can’t get much more bottom than that!

[[email protected]]

To Tlefort:

I went to your wife’s website to see if my horse-loving wife Anne knew her or knew about her. Turns out Anne designed the “Wine Country Trails” logo! Small world.
Chances are you will find what you are looking for – putting that much passion into the pursuit of a goal usually reaps rewards. Tip: when you get it, don’t borrow on it!

[[email protected]]

To Tlefort:

I went to your wife’s website to see if my horse-loving wife Anne knew her or knew about her. Turns out Anne designed the “Wine Country Trails” logo! Small world.
Chances are you will find what you are looking for – putting that much passion into the pursuit of a goal usually reaps rewards. Tip: when you get it, don’t borrow on it!

[[email protected]]

To Tlefort:

I went to your wife’s website to see if my horse-loving wife Anne knew her or knew about her. Turns out Anne designed the “Wine Country Trails” logo! Small world.
Chances are you will find what you are looking for – putting that much passion into the pursuit of a goal usually reaps rewards. Tip: when you get it, don’t borrow on it!

[[email protected]]

To Tlefort:

I went to your wife’s website to see if my horse-loving wife Anne knew her or knew about her. Turns out Anne designed the “Wine Country Trails” logo! Small world.
Chances are you will find what you are looking for – putting that much passion into the pursuit of a goal usually reaps rewards. Tip: when you get it, don’t borrow on it!

[[email protected]]

To Tlefort:

I went to your wife’s website to see if my horse-loving wife Anne knew her or knew about her. Turns out Anne designed the “Wine Country Trails” logo! Small world.
Chances are you will find what you are looking for – putting that much passion into the pursuit of a goal usually reaps rewards. Tip: when you get it, don’t borrow on it!

[[email protected]]

After much hand-wringing, my wife and I have decided to walk away from our beloved ranch. Our research tells us that are way under water and the place is worth under 500K. Land in the wine country is now of no value because houses are selling for less than it would cost to build them. Depressing that our spot – one of the most beautiful in Temecula – is worthless. Also our research indicates that perhaps the market is at the bottom, but that foreclosures will keep coming for at least another year and prices will not go up anytime soon.
Thanks to all for the informative posts. I still passionately believe in the long-term potential of Temecula (and the wine country) as SoCal’s premier resort area. Wine country will be the Beverly Hills of Temecula. But we’re moving to Aguanga: open spaces and more horse trails than you could ride in a lifetime!

[[email protected]]

After much hand-wringing, my wife and I have decided to walk away from our beloved ranch. Our research tells us that are way under water and the place is worth under 500K. Land in the wine country is now of no value because houses are selling for less than it would cost to build them. Depressing that our spot – one of the most beautiful in Temecula – is worthless. Also our research indicates that perhaps the market is at the bottom, but that foreclosures will keep coming for at least another year and prices will not go up anytime soon.
Thanks to all for the informative posts. I still passionately believe in the long-term potential of Temecula (and the wine country) as SoCal’s premier resort area. Wine country will be the Beverly Hills of Temecula. But we’re moving to Aguanga: open spaces and more horse trails than you could ride in a lifetime!

[[email protected]]

After much hand-wringing, my wife and I have decided to walk away from our beloved ranch. Our research tells us that are way under water and the place is worth under 500K. Land in the wine country is now of no value because houses are selling for less than it would cost to build them. Depressing that our spot – one of the most beautiful in Temecula – is worthless. Also our research indicates that perhaps the market is at the bottom, but that foreclosures will keep coming for at least another year and prices will not go up anytime soon.
Thanks to all for the informative posts. I still passionately believe in the long-term potential of Temecula (and the wine country) as SoCal’s premier resort area. Wine country will be the Beverly Hills of Temecula. But we’re moving to Aguanga: open spaces and more horse trails than you could ride in a lifetime!

[[email protected]]

After much hand-wringing, my wife and I have decided to walk away from our beloved ranch. Our research tells us that are way under water and the place is worth under 500K. Land in the wine country is now of no value because houses are selling for less than it would cost to build them. Depressing that our spot – one of the most beautiful in Temecula – is worthless. Also our research indicates that perhaps the market is at the bottom, but that foreclosures will keep coming for at least another year and prices will not go up anytime soon.
Thanks to all for the informative posts. I still passionately believe in the long-term potential of Temecula (and the wine country) as SoCal’s premier resort area. Wine country will be the Beverly Hills of Temecula. But we’re moving to Aguanga: open spaces and more horse trails than you could ride in a lifetime!

[[email protected]]

After much hand-wringing, my wife and I have decided to walk away from our beloved ranch. Our research tells us that are way under water and the place is worth under 500K. Land in the wine country is now of no value because houses are selling for less than it would cost to build them. Depressing that our spot – one of the most beautiful in Temecula – is worthless. Also our research indicates that perhaps the market is at the bottom, but that foreclosures will keep coming for at least another year and prices will not go up anytime soon.
Thanks to all for the informative posts. I still passionately believe in the long-term potential of Temecula (and the wine country) as SoCal’s premier resort area. Wine country will be the Beverly Hills of Temecula. But we’re moving to Aguanga: open spaces and more horse trails than you could ride in a lifetime!

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