[eclipxe]

Two homes up my street just sold for >$100 sqft. Similar sq footage as mine. I got in at around $95 psqf.

I’ll call a bottom along with TemeculaGuy.

Foreclosures in the pipeline, realtytrac issues, unemployment, etc etc etc. You balance the negative with unprecedented government intervention and a median home price in line with actual incomes and rental parity across the majority of properties.

Just as you have delusional kool-aid drinkers on the way up, you have delusional bottom-feeders on the way down. I like to stay fairly neutral and look at what is really happening.

The crash started here earlier and it makes sense that stabilization and bottoming will occur here earlier. Just because *your* market hasn’t bottomed doesn’t mean the story is the same everywhere.

But what do I know…

[eclipxe]

Two homes up my street just sold for >$100 sqft. Similar sq footage as mine. I got in at around $95 psqf.

I’ll call a bottom along with TemeculaGuy.

Foreclosures in the pipeline, realtytrac issues, unemployment, etc etc etc. You balance the negative with unprecedented government intervention and a median home price in line with actual incomes and rental parity across the majority of properties.

Just as you have delusional kool-aid drinkers on the way up, you have delusional bottom-feeders on the way down. I like to stay fairly neutral and look at what is really happening.

The crash started here earlier and it makes sense that stabilization and bottoming will occur here earlier. Just because *your* market hasn’t bottomed doesn’t mean the story is the same everywhere.

But what do I know…

[eclipxe]

Two homes up my street just sold for >$100 sqft. Similar sq footage as mine. I got in at around $95 psqf.

I’ll call a bottom along with TemeculaGuy.

Foreclosures in the pipeline, realtytrac issues, unemployment, etc etc etc. You balance the negative with unprecedented government intervention and a median home price in line with actual incomes and rental parity across the majority of properties.

Just as you have delusional kool-aid drinkers on the way up, you have delusional bottom-feeders on the way down. I like to stay fairly neutral and look at what is really happening.

The crash started here earlier and it makes sense that stabilization and bottoming will occur here earlier. Just because *your* market hasn’t bottomed doesn’t mean the story is the same everywhere.

But what do I know…

[eclipxe]

Two homes up my street just sold for >$100 sqft. Similar sq footage as mine. I got in at around $95 psqf.

I’ll call a bottom along with TemeculaGuy.

Foreclosures in the pipeline, realtytrac issues, unemployment, etc etc etc. You balance the negative with unprecedented government intervention and a median home price in line with actual incomes and rental parity across the majority of properties.

Just as you have delusional kool-aid drinkers on the way up, you have delusional bottom-feeders on the way down. I like to stay fairly neutral and look at what is really happening.

The crash started here earlier and it makes sense that stabilization and bottoming will occur here earlier. Just because *your* market hasn’t bottomed doesn’t mean the story is the same everywhere.

But what do I know…

[eclipxe]

Two homes up my street just sold for >$100 sqft. Similar sq footage as mine. I got in at around $95 psqf.

I’ll call a bottom along with TemeculaGuy.

Foreclosures in the pipeline, realtytrac issues, unemployment, etc etc etc. You balance the negative with unprecedented government intervention and a median home price in line with actual incomes and rental parity across the majority of properties.

Just as you have delusional kool-aid drinkers on the way up, you have delusional bottom-feeders on the way down. I like to stay fairly neutral and look at what is really happening.

The crash started here earlier and it makes sense that stabilization and bottoming will occur here earlier. Just because *your* market hasn’t bottomed doesn’t mean the story is the same everywhere.

But what do I know…

[eclipxe]

I understand your point Harry, and sorry to hear about your situation. I do think unemployment is going to be a problem but thankfully Temecula has decent access to both the San Diego and Orange County job markets. This effectively doubles your search radius if you do in fact get laid off. I haven’t heard of too many local firms with major layoffs. And hey, gas isn’t $10/gal as predicted so we aren’t so doomed out here like many hoped!

Tech is holding strong. We (Fortune 500 with a handful of Temecula locals) just hired additional developers for a new product. Some of my old college buddies that moved out of So Cal 3-5 years ago because of housing are moving back and starting up new software ventures. Recessions and hardship bring innovation and progress. In fact, I’ve been motivated to expand my side IT consulting business and hire a few local people this summer. It’s my way of trying to do my (small) part for the area and hopefully create additional revenue streams for myself. There’s always opportunity out there and sometimes losing a job or a home is just the kick in the ass we need to try something new and exciting.

But then again my perspective is usually glass half full so take that as you wish.

[eclipxe]

I understand your point Harry, and sorry to hear about your situation. I do think unemployment is going to be a problem but thankfully Temecula has decent access to both the San Diego and Orange County job markets. This effectively doubles your search radius if you do in fact get laid off. I haven’t heard of too many local firms with major layoffs. And hey, gas isn’t $10/gal as predicted so we aren’t so doomed out here like many hoped!

Tech is holding strong. We (Fortune 500 with a handful of Temecula locals) just hired additional developers for a new product. Some of my old college buddies that moved out of So Cal 3-5 years ago because of housing are moving back and starting up new software ventures. Recessions and hardship bring innovation and progress. In fact, I’ve been motivated to expand my side IT consulting business and hire a few local people this summer. It’s my way of trying to do my (small) part for the area and hopefully create additional revenue streams for myself. There’s always opportunity out there and sometimes losing a job or a home is just the kick in the ass we need to try something new and exciting.

But then again my perspective is usually glass half full so take that as you wish.

[eclipxe]

I understand your point Harry, and sorry to hear about your situation. I do think unemployment is going to be a problem but thankfully Temecula has decent access to both the San Diego and Orange County job markets. This effectively doubles your search radius if you do in fact get laid off. I haven’t heard of too many local firms with major layoffs. And hey, gas isn’t $10/gal as predicted so we aren’t so doomed out here like many hoped!

Tech is holding strong. We (Fortune 500 with a handful of Temecula locals) just hired additional developers for a new product. Some of my old college buddies that moved out of So Cal 3-5 years ago because of housing are moving back and starting up new software ventures. Recessions and hardship bring innovation and progress. In fact, I’ve been motivated to expand my side IT consulting business and hire a few local people this summer. It’s my way of trying to do my (small) part for the area and hopefully create additional revenue streams for myself. There’s always opportunity out there and sometimes losing a job or a home is just the kick in the ass we need to try something new and exciting.

But then again my perspective is usually glass half full so take that as you wish.

[eclipxe]

I understand your point Harry, and sorry to hear about your situation. I do think unemployment is going to be a problem but thankfully Temecula has decent access to both the San Diego and Orange County job markets. This effectively doubles your search radius if you do in fact get laid off. I haven’t heard of too many local firms with major layoffs. And hey, gas isn’t $10/gal as predicted so we aren’t so doomed out here like many hoped!

Tech is holding strong. We (Fortune 500 with a handful of Temecula locals) just hired additional developers for a new product. Some of my old college buddies that moved out of So Cal 3-5 years ago because of housing are moving back and starting up new software ventures. Recessions and hardship bring innovation and progress. In fact, I’ve been motivated to expand my side IT consulting business and hire a few local people this summer. It’s my way of trying to do my (small) part for the area and hopefully create additional revenue streams for myself. There’s always opportunity out there and sometimes losing a job or a home is just the kick in the ass we need to try something new and exciting.

But then again my perspective is usually glass half full so take that as you wish.

[eclipxe]

I understand your point Harry, and sorry to hear about your situation. I do think unemployment is going to be a problem but thankfully Temecula has decent access to both the San Diego and Orange County job markets. This effectively doubles your search radius if you do in fact get laid off. I haven’t heard of too many local firms with major layoffs. And hey, gas isn’t $10/gal as predicted so we aren’t so doomed out here like many hoped!

Tech is holding strong. We (Fortune 500 with a handful of Temecula locals) just hired additional developers for a new product. Some of my old college buddies that moved out of So Cal 3-5 years ago because of housing are moving back and starting up new software ventures. Recessions and hardship bring innovation and progress. In fact, I’ve been motivated to expand my side IT consulting business and hire a few local people this summer. It’s my way of trying to do my (small) part for the area and hopefully create additional revenue streams for myself. There’s always opportunity out there and sometimes losing a job or a home is just the kick in the ass we need to try something new and exciting.

But then again my perspective is usually glass half full so take that as you wish.

[eclipxe]

Oh and btw –

Here’s some anecdotal evidence of my own:

-RE business is on fire, the RE office I consult at has hired 10 new folks and leased a second office.

-Foreclosure up the street just sold for $103/sqft (I bought at $95/sqft)

-Apple store has been confirmed @ Mall (Temecula job listing back live on Apple site, interviews started)

-Ruby Tuesday is finishing construction and opening Summer

-Panera Bread construction is starting next month (across from Ruby Tuesday)

-Sonic Burger construction at intersection of Murrieta Hot Springs Rd and Margarita

-Lazy Dog cafe opening summer, across from PF Chang

—-
Yes, there is a lot of pain in the CRE market and there are plenty of vacancies in most of the larger shopping centers but there is also retail and restaurant growth still happening. If this is the kind of expansion and growth during the worst recession, in the “worst housing market” then I can’t wait to see what things will be like when there *is* economic growth or stability.

[eclipxe]

Oh and btw –

Here’s some anecdotal evidence of my own:

-RE business is on fire, the RE office I consult at has hired 10 new folks and leased a second office.

-Foreclosure up the street just sold for $103/sqft (I bought at $95/sqft)

-Apple store has been confirmed @ Mall (Temecula job listing back live on Apple site, interviews started)

-Ruby Tuesday is finishing construction and opening Summer

-Panera Bread construction is starting next month (across from Ruby Tuesday)

-Sonic Burger construction at intersection of Murrieta Hot Springs Rd and Margarita

-Lazy Dog cafe opening summer, across from PF Chang

—-
Yes, there is a lot of pain in the CRE market and there are plenty of vacancies in most of the larger shopping centers but there is also retail and restaurant growth still happening. If this is the kind of expansion and growth during the worst recession, in the “worst housing market” then I can’t wait to see what things will be like when there *is* economic growth or stability.

[eclipxe]

Oh and btw –

Here’s some anecdotal evidence of my own:

-RE business is on fire, the RE office I consult at has hired 10 new folks and leased a second office.

-Foreclosure up the street just sold for $103/sqft (I bought at $95/sqft)

-Apple store has been confirmed @ Mall (Temecula job listing back live on Apple site, interviews started)

-Ruby Tuesday is finishing construction and opening Summer

-Panera Bread construction is starting next month (across from Ruby Tuesday)

-Sonic Burger construction at intersection of Murrieta Hot Springs Rd and Margarita

-Lazy Dog cafe opening summer, across from PF Chang

—-
Yes, there is a lot of pain in the CRE market and there are plenty of vacancies in most of the larger shopping centers but there is also retail and restaurant growth still happening. If this is the kind of expansion and growth during the worst recession, in the “worst housing market” then I can’t wait to see what things will be like when there *is* economic growth or stability.

[eclipxe]

Oh and btw –

Here’s some anecdotal evidence of my own:

-RE business is on fire, the RE office I consult at has hired 10 new folks and leased a second office.

-Foreclosure up the street just sold for $103/sqft (I bought at $95/sqft)

-Apple store has been confirmed @ Mall (Temecula job listing back live on Apple site, interviews started)

-Ruby Tuesday is finishing construction and opening Summer

-Panera Bread construction is starting next month (across from Ruby Tuesday)

-Sonic Burger construction at intersection of Murrieta Hot Springs Rd and Margarita

-Lazy Dog cafe opening summer, across from PF Chang

—-
Yes, there is a lot of pain in the CRE market and there are plenty of vacancies in most of the larger shopping centers but there is also retail and restaurant growth still happening. If this is the kind of expansion and growth during the worst recession, in the “worst housing market” then I can’t wait to see what things will be like when there *is* economic growth or stability.

[eclipxe]

Oh and btw –

Here’s some anecdotal evidence of my own:

-RE business is on fire, the RE office I consult at has hired 10 new folks and leased a second office.

-Foreclosure up the street just sold for $103/sqft (I bought at $95/sqft)

-Apple store has been confirmed @ Mall (Temecula job listing back live on Apple site, interviews started)

-Ruby Tuesday is finishing construction and opening Summer

-Panera Bread construction is starting next month (across from Ruby Tuesday)

-Sonic Burger construction at intersection of Murrieta Hot Springs Rd and Margarita

-Lazy Dog cafe opening summer, across from PF Chang

—-
Yes, there is a lot of pain in the CRE market and there are plenty of vacancies in most of the larger shopping centers but there is also retail and restaurant growth still happening. If this is the kind of expansion and growth during the worst recession, in the “worst housing market” then I can’t wait to see what things will be like when there *is* economic growth or stability.

[Author]

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