[eclipxe]

And hey, I might be wrong but *oh well*. Let’s apply Pascal’s Wager here. If I’m wrong and we drop a bit more than 5%, oh well! I still got to enjoy my house, pool, hot tub, workout room, office, etc for *less* than it would cost me to rent. I can still rent out my place and cash-flow with all impounds included. Over-time my equity will return, but my holding costs are quite low. I’ve lost very little.

On the other hand, if we’re right and Temecula is an area that you desire (*it is NOT for everyone) but you continue to wait on a bottom for years you will find inflation rising, rents going up, house selection dwindling and your money on rent wasted. In five years of holding, I will have enjoyed a significant tax break, a stable place to live and growth in my other investments all while living in a wonderful neighborhood in my dream home.

I’ve made my decision.

Headed out now – we actually have a bit of nightlife out here now also… 😉

[eclipxe]

And hey, I might be wrong but *oh well*. Let’s apply Pascal’s Wager here. If I’m wrong and we drop a bit more than 5%, oh well! I still got to enjoy my house, pool, hot tub, workout room, office, etc for *less* than it would cost me to rent. I can still rent out my place and cash-flow with all impounds included. Over-time my equity will return, but my holding costs are quite low. I’ve lost very little.

On the other hand, if we’re right and Temecula is an area that you desire (*it is NOT for everyone) but you continue to wait on a bottom for years you will find inflation rising, rents going up, house selection dwindling and your money on rent wasted. In five years of holding, I will have enjoyed a significant tax break, a stable place to live and growth in my other investments all while living in a wonderful neighborhood in my dream home.

I’ve made my decision.

Headed out now – we actually have a bit of nightlife out here now also… 😉

[eclipxe]

And hey, I might be wrong but *oh well*. Let’s apply Pascal’s Wager here. If I’m wrong and we drop a bit more than 5%, oh well! I still got to enjoy my house, pool, hot tub, workout room, office, etc for *less* than it would cost me to rent. I can still rent out my place and cash-flow with all impounds included. Over-time my equity will return, but my holding costs are quite low. I’ve lost very little.

On the other hand, if we’re right and Temecula is an area that you desire (*it is NOT for everyone) but you continue to wait on a bottom for years you will find inflation rising, rents going up, house selection dwindling and your money on rent wasted. In five years of holding, I will have enjoyed a significant tax break, a stable place to live and growth in my other investments all while living in a wonderful neighborhood in my dream home.

I’ve made my decision.

Headed out now – we actually have a bit of nightlife out here now also… 😉

[eclipxe]

And hey, I might be wrong but *oh well*. Let’s apply Pascal’s Wager here. If I’m wrong and we drop a bit more than 5%, oh well! I still got to enjoy my house, pool, hot tub, workout room, office, etc for *less* than it would cost me to rent. I can still rent out my place and cash-flow with all impounds included. Over-time my equity will return, but my holding costs are quite low. I’ve lost very little.

On the other hand, if we’re right and Temecula is an area that you desire (*it is NOT for everyone) but you continue to wait on a bottom for years you will find inflation rising, rents going up, house selection dwindling and your money on rent wasted. In five years of holding, I will have enjoyed a significant tax break, a stable place to live and growth in my other investments all while living in a wonderful neighborhood in my dream home.

I’ve made my decision.

Headed out now – we actually have a bit of nightlife out here now also… 😉

[eclipxe]

And hey, I might be wrong but *oh well*. Let’s apply Pascal’s Wager here. If I’m wrong and we drop a bit more than 5%, oh well! I still got to enjoy my house, pool, hot tub, workout room, office, etc for *less* than it would cost me to rent. I can still rent out my place and cash-flow with all impounds included. Over-time my equity will return, but my holding costs are quite low. I’ve lost very little.

On the other hand, if we’re right and Temecula is an area that you desire (*it is NOT for everyone) but you continue to wait on a bottom for years you will find inflation rising, rents going up, house selection dwindling and your money on rent wasted. In five years of holding, I will have enjoyed a significant tax break, a stable place to live and growth in my other investments all while living in a wonderful neighborhood in my dream home.

I’ve made my decision.

Headed out now – we actually have a bit of nightlife out here now also… 😉

[eclipxe]

[quote=desmond]RCguy, I am glad you bought in R.C. but do you need to constantly tell the board about it? You guys down in the “RC” need to let it go. If your happy then great, but get off the justification and on to another topic. There have been more RC is Great vs RC Sucks topics then needed. I have not seen one post on VG’s donuts yet. [/quote]

The area gets a bad rap due to preconceived notions and the spread of FUD. If I were to post inaccurate things about Carlsbad, I’m sure you’d find a fair number of Carlsbad residents up in arms.

Many folks look at the macro economic picture, form an opinion and apply blanket assumptions across an area they frankly have little knowledge of. The piggs that have bought did so for a reason – we obviously know the doom and gloom, we read the threads, we’ve been here long enough to not go into this decision lightly. We’ve obviously put ourselves out there armed with the same knowledge as everyone else. We’ve felt the time is right based on fundamentals and dove into the market. We can argue employment, inflation, predictions, etc all day but when it comes down to it there are three simple facts in play:

1. It is cheaper to buy than rent in Temecula/Murrieta
2. The median home prices is in-line with *current* median incomes (and yes, even RE agents are making *tons* of money now – the market is on fire here)
3. The population has continue to grow since the housing implosion in 2006. People aren’t moving out of the area back to the coast, in fact people *continue* to move here. Build-out is approaching.

We’ve already reached those three metrics which are my signals for a bottom (+/- 5%). Unemployment will probably increase and there will probably be lots more pain in areas that still haven’t reach equilibrium. We are not in a macro bottom, this is a very localized situation.

[eclipxe]

[quote=desmond]RCguy, I am glad you bought in R.C. but do you need to constantly tell the board about it? You guys down in the “RC” need to let it go. If your happy then great, but get off the justification and on to another topic. There have been more RC is Great vs RC Sucks topics then needed. I have not seen one post on VG’s donuts yet. [/quote]

The area gets a bad rap due to preconceived notions and the spread of FUD. If I were to post inaccurate things about Carlsbad, I’m sure you’d find a fair number of Carlsbad residents up in arms.

Many folks look at the macro economic picture, form an opinion and apply blanket assumptions across an area they frankly have little knowledge of. The piggs that have bought did so for a reason – we obviously know the doom and gloom, we read the threads, we’ve been here long enough to not go into this decision lightly. We’ve obviously put ourselves out there armed with the same knowledge as everyone else. We’ve felt the time is right based on fundamentals and dove into the market. We can argue employment, inflation, predictions, etc all day but when it comes down to it there are three simple facts in play:

1. It is cheaper to buy than rent in Temecula/Murrieta
2. The median home prices is in-line with *current* median incomes (and yes, even RE agents are making *tons* of money now – the market is on fire here)
3. The population has continue to grow since the housing implosion in 2006. People aren’t moving out of the area back to the coast, in fact people *continue* to move here. Build-out is approaching.

We’ve already reached those three metrics which are my signals for a bottom (+/- 5%). Unemployment will probably increase and there will probably be lots more pain in areas that still haven’t reach equilibrium. We are not in a macro bottom, this is a very localized situation.

[eclipxe]

[quote=desmond]RCguy, I am glad you bought in R.C. but do you need to constantly tell the board about it? You guys down in the “RC” need to let it go. If your happy then great, but get off the justification and on to another topic. There have been more RC is Great vs RC Sucks topics then needed. I have not seen one post on VG’s donuts yet. [/quote]

The area gets a bad rap due to preconceived notions and the spread of FUD. If I were to post inaccurate things about Carlsbad, I’m sure you’d find a fair number of Carlsbad residents up in arms.

Many folks look at the macro economic picture, form an opinion and apply blanket assumptions across an area they frankly have little knowledge of. The piggs that have bought did so for a reason – we obviously know the doom and gloom, we read the threads, we’ve been here long enough to not go into this decision lightly. We’ve obviously put ourselves out there armed with the same knowledge as everyone else. We’ve felt the time is right based on fundamentals and dove into the market. We can argue employment, inflation, predictions, etc all day but when it comes down to it there are three simple facts in play:

1. It is cheaper to buy than rent in Temecula/Murrieta
2. The median home prices is in-line with *current* median incomes (and yes, even RE agents are making *tons* of money now – the market is on fire here)
3. The population has continue to grow since the housing implosion in 2006. People aren’t moving out of the area back to the coast, in fact people *continue* to move here. Build-out is approaching.

We’ve already reached those three metrics which are my signals for a bottom (+/- 5%). Unemployment will probably increase and there will probably be lots more pain in areas that still haven’t reach equilibrium. We are not in a macro bottom, this is a very localized situation.

[eclipxe]

[quote=desmond]RCguy, I am glad you bought in R.C. but do you need to constantly tell the board about it? You guys down in the “RC” need to let it go. If your happy then great, but get off the justification and on to another topic. There have been more RC is Great vs RC Sucks topics then needed. I have not seen one post on VG’s donuts yet. [/quote]

The area gets a bad rap due to preconceived notions and the spread of FUD. If I were to post inaccurate things about Carlsbad, I’m sure you’d find a fair number of Carlsbad residents up in arms.

Many folks look at the macro economic picture, form an opinion and apply blanket assumptions across an area they frankly have little knowledge of. The piggs that have bought did so for a reason – we obviously know the doom and gloom, we read the threads, we’ve been here long enough to not go into this decision lightly. We’ve obviously put ourselves out there armed with the same knowledge as everyone else. We’ve felt the time is right based on fundamentals and dove into the market. We can argue employment, inflation, predictions, etc all day but when it comes down to it there are three simple facts in play:

1. It is cheaper to buy than rent in Temecula/Murrieta
2. The median home prices is in-line with *current* median incomes (and yes, even RE agents are making *tons* of money now – the market is on fire here)
3. The population has continue to grow since the housing implosion in 2006. People aren’t moving out of the area back to the coast, in fact people *continue* to move here. Build-out is approaching.

We’ve already reached those three metrics which are my signals for a bottom (+/- 5%). Unemployment will probably increase and there will probably be lots more pain in areas that still haven’t reach equilibrium. We are not in a macro bottom, this is a very localized situation.

[eclipxe]

[quote=desmond]RCguy, I am glad you bought in R.C. but do you need to constantly tell the board about it? You guys down in the “RC” need to let it go. If your happy then great, but get off the justification and on to another topic. There have been more RC is Great vs RC Sucks topics then needed. I have not seen one post on VG’s donuts yet. [/quote]

The area gets a bad rap due to preconceived notions and the spread of FUD. If I were to post inaccurate things about Carlsbad, I’m sure you’d find a fair number of Carlsbad residents up in arms.

Many folks look at the macro economic picture, form an opinion and apply blanket assumptions across an area they frankly have little knowledge of. The piggs that have bought did so for a reason – we obviously know the doom and gloom, we read the threads, we’ve been here long enough to not go into this decision lightly. We’ve obviously put ourselves out there armed with the same knowledge as everyone else. We’ve felt the time is right based on fundamentals and dove into the market. We can argue employment, inflation, predictions, etc all day but when it comes down to it there are three simple facts in play:

1. It is cheaper to buy than rent in Temecula/Murrieta
2. The median home prices is in-line with *current* median incomes (and yes, even RE agents are making *tons* of money now – the market is on fire here)
3. The population has continue to grow since the housing implosion in 2006. People aren’t moving out of the area back to the coast, in fact people *continue* to move here. Build-out is approaching.

We’ve already reached those three metrics which are my signals for a bottom (+/- 5%). Unemployment will probably increase and there will probably be lots more pain in areas that still haven’t reach equilibrium. We are not in a macro bottom, this is a very localized situation.

[eclipxe]

[quote=Rt.66][quote=paramount]Last night I went to Lucille’s at the Promenade (part of the new addition).

In all objectivity, Temecula has a good vibe going on right now considering the overall economy.

I am glad to live in Temecula.[/quote]

I saw a children laughing and playing today.

Dude, you are the preverbial frog in a sauce pan. The water is heating up but you are in denial. You should just relax. The Temecula Valley Ministry of DISinformation jumps on every post that leans negative towards the area like white on rice.

You guys jump in with your transparent lines like “no, no, no, there’s no bulldozing here, that’s 3 miles down the road. Pf Changs, The Mall, Nothing to see here now move along”

Its not your fault and there is nothing you can do to stop what’s happening. Pick an underwater number that you are gonna go jingle mail at and then chill. Enjoy the hot tub until it gets too hot to stand.

[/quote]

Yes, we are in denial. We are enjoying our wonderful weather, new restaurants, Coach store, new Apple store, affordable homes, good schools and hot tubs (I *really* like mine). We sure are the fools, right? Why can’t we just open our eyes and see that our city is doomed and we’ve made the biggest mistakes of our lives and we’ll be laid off tomorrow and the flu will kill us and, and, and homes are being BULLDOZED! Everybody panic. I mean here, look at this scary graph! EVERYONE is foreclosed. Doom! Look at the graph, the data, why won’t anyone listen to me. Bulldozed. Realtors everywhere, lies!!!!

Sadly we all can’t share your reality my friend.

Although, I could do without the Coach store. (The girlfriend has already wrangled shoes out of me…We aren’t allowed to go back there for a while)

[eclipxe]

[quote=Rt.66][quote=paramount]Last night I went to Lucille’s at the Promenade (part of the new addition).

In all objectivity, Temecula has a good vibe going on right now considering the overall economy.

I am glad to live in Temecula.[/quote]

I saw a children laughing and playing today.

Dude, you are the preverbial frog in a sauce pan. The water is heating up but you are in denial. You should just relax. The Temecula Valley Ministry of DISinformation jumps on every post that leans negative towards the area like white on rice.

You guys jump in with your transparent lines like “no, no, no, there’s no bulldozing here, that’s 3 miles down the road. Pf Changs, The Mall, Nothing to see here now move along”

Its not your fault and there is nothing you can do to stop what’s happening. Pick an underwater number that you are gonna go jingle mail at and then chill. Enjoy the hot tub until it gets too hot to stand.

[/quote]

Yes, we are in denial. We are enjoying our wonderful weather, new restaurants, Coach store, new Apple store, affordable homes, good schools and hot tubs (I *really* like mine). We sure are the fools, right? Why can’t we just open our eyes and see that our city is doomed and we’ve made the biggest mistakes of our lives and we’ll be laid off tomorrow and the flu will kill us and, and, and homes are being BULLDOZED! Everybody panic. I mean here, look at this scary graph! EVERYONE is foreclosed. Doom! Look at the graph, the data, why won’t anyone listen to me. Bulldozed. Realtors everywhere, lies!!!!

Sadly we all can’t share your reality my friend.

Although, I could do without the Coach store. (The girlfriend has already wrangled shoes out of me…We aren’t allowed to go back there for a while)

[eclipxe]

[quote=Rt.66][quote=paramount]Last night I went to Lucille’s at the Promenade (part of the new addition).

In all objectivity, Temecula has a good vibe going on right now considering the overall economy.

I am glad to live in Temecula.[/quote]

I saw a children laughing and playing today.

Dude, you are the preverbial frog in a sauce pan. The water is heating up but you are in denial. You should just relax. The Temecula Valley Ministry of DISinformation jumps on every post that leans negative towards the area like white on rice.

You guys jump in with your transparent lines like “no, no, no, there’s no bulldozing here, that’s 3 miles down the road. Pf Changs, The Mall, Nothing to see here now move along”

Its not your fault and there is nothing you can do to stop what’s happening. Pick an underwater number that you are gonna go jingle mail at and then chill. Enjoy the hot tub until it gets too hot to stand.

[/quote]

Yes, we are in denial. We are enjoying our wonderful weather, new restaurants, Coach store, new Apple store, affordable homes, good schools and hot tubs (I *really* like mine). We sure are the fools, right? Why can’t we just open our eyes and see that our city is doomed and we’ve made the biggest mistakes of our lives and we’ll be laid off tomorrow and the flu will kill us and, and, and homes are being BULLDOZED! Everybody panic. I mean here, look at this scary graph! EVERYONE is foreclosed. Doom! Look at the graph, the data, why won’t anyone listen to me. Bulldozed. Realtors everywhere, lies!!!!

Sadly we all can’t share your reality my friend.

Although, I could do without the Coach store. (The girlfriend has already wrangled shoes out of me…We aren’t allowed to go back there for a while)

[eclipxe]

[quote=Rt.66][quote=paramount]Last night I went to Lucille’s at the Promenade (part of the new addition).

In all objectivity, Temecula has a good vibe going on right now considering the overall economy.

I am glad to live in Temecula.[/quote]

I saw a children laughing and playing today.

Dude, you are the preverbial frog in a sauce pan. The water is heating up but you are in denial. You should just relax. The Temecula Valley Ministry of DISinformation jumps on every post that leans negative towards the area like white on rice.

You guys jump in with your transparent lines like “no, no, no, there’s no bulldozing here, that’s 3 miles down the road. Pf Changs, The Mall, Nothing to see here now move along”

Its not your fault and there is nothing you can do to stop what’s happening. Pick an underwater number that you are gonna go jingle mail at and then chill. Enjoy the hot tub until it gets too hot to stand.

[/quote]

Yes, we are in denial. We are enjoying our wonderful weather, new restaurants, Coach store, new Apple store, affordable homes, good schools and hot tubs (I *really* like mine). We sure are the fools, right? Why can’t we just open our eyes and see that our city is doomed and we’ve made the biggest mistakes of our lives and we’ll be laid off tomorrow and the flu will kill us and, and, and homes are being BULLDOZED! Everybody panic. I mean here, look at this scary graph! EVERYONE is foreclosed. Doom! Look at the graph, the data, why won’t anyone listen to me. Bulldozed. Realtors everywhere, lies!!!!

Sadly we all can’t share your reality my friend.

Although, I could do without the Coach store. (The girlfriend has already wrangled shoes out of me…We aren’t allowed to go back there for a while)

[eclipxe]

[quote=Rt.66][quote=paramount]Last night I went to Lucille’s at the Promenade (part of the new addition).

In all objectivity, Temecula has a good vibe going on right now considering the overall economy.

I am glad to live in Temecula.[/quote]

I saw a children laughing and playing today.

Dude, you are the preverbial frog in a sauce pan. The water is heating up but you are in denial. You should just relax. The Temecula Valley Ministry of DISinformation jumps on every post that leans negative towards the area like white on rice.

You guys jump in with your transparent lines like “no, no, no, there’s no bulldozing here, that’s 3 miles down the road. Pf Changs, The Mall, Nothing to see here now move along”

Its not your fault and there is nothing you can do to stop what’s happening. Pick an underwater number that you are gonna go jingle mail at and then chill. Enjoy the hot tub until it gets too hot to stand.

[/quote]

Yes, we are in denial. We are enjoying our wonderful weather, new restaurants, Coach store, new Apple store, affordable homes, good schools and hot tubs (I *really* like mine). We sure are the fools, right? Why can’t we just open our eyes and see that our city is doomed and we’ve made the biggest mistakes of our lives and we’ll be laid off tomorrow and the flu will kill us and, and, and homes are being BULLDOZED! Everybody panic. I mean here, look at this scary graph! EVERYONE is foreclosed. Doom! Look at the graph, the data, why won’t anyone listen to me. Bulldozed. Realtors everywhere, lies!!!!

Sadly we all can’t share your reality my friend.

Although, I could do without the Coach store. (The girlfriend has already wrangled shoes out of me…We aren’t allowed to go back there for a while)

[Author]

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