[FormerOwner]

I totally agree, Bob. Plus, the banks are sitting on a huge number of foreclosed homes, artificially keeping the supply of homes in TV somewhat low right now. Are there really enough buyers for all the house the banks are holding? At what prices?

[FormerOwner]

MD, You have to be a resident to rent the club house but the rates are very reasonable – I forget the # but it didn’t seem like much for what you get.

I’ve been renting at Harveston for about a year and I like it a lot BUT, like others said, I think prices are still dropping. The only negatives for me are:
1) The Winchester Rd exit/entrance off the 15 is poorly designed and backs up often in all directions. There are also a lot of super crazy drivers that use Winchester Rd – it’s not pleasant getting off/on that exit.
2) The property taxes (special assessments/mello roos) are high – special assessments do NOT drop when the property value drops. A lower price would help offset this.

[FormerOwner]

MD, You have to be a resident to rent the club house but the rates are very reasonable – I forget the # but it didn’t seem like much for what you get.

I’ve been renting at Harveston for about a year and I like it a lot BUT, like others said, I think prices are still dropping. The only negatives for me are:
1) The Winchester Rd exit/entrance off the 15 is poorly designed and backs up often in all directions. There are also a lot of super crazy drivers that use Winchester Rd – it’s not pleasant getting off/on that exit.
2) The property taxes (special assessments/mello roos) are high – special assessments do NOT drop when the property value drops. A lower price would help offset this.

[FormerOwner]

MD, You have to be a resident to rent the club house but the rates are very reasonable – I forget the # but it didn’t seem like much for what you get.

I’ve been renting at Harveston for about a year and I like it a lot BUT, like others said, I think prices are still dropping. The only negatives for me are:
1) The Winchester Rd exit/entrance off the 15 is poorly designed and backs up often in all directions. There are also a lot of super crazy drivers that use Winchester Rd – it’s not pleasant getting off/on that exit.
2) The property taxes (special assessments/mello roos) are high – special assessments do NOT drop when the property value drops. A lower price would help offset this.

[FormerOwner]

MD, You have to be a resident to rent the club house but the rates are very reasonable – I forget the # but it didn’t seem like much for what you get.

I’ve been renting at Harveston for about a year and I like it a lot BUT, like others said, I think prices are still dropping. The only negatives for me are:
1) The Winchester Rd exit/entrance off the 15 is poorly designed and backs up often in all directions. There are also a lot of super crazy drivers that use Winchester Rd – it’s not pleasant getting off/on that exit.
2) The property taxes (special assessments/mello roos) are high – special assessments do NOT drop when the property value drops. A lower price would help offset this.

[FormerOwner]

MD, You have to be a resident to rent the club house but the rates are very reasonable – I forget the # but it didn’t seem like much for what you get.

I’ve been renting at Harveston for about a year and I like it a lot BUT, like others said, I think prices are still dropping. The only negatives for me are:
1) The Winchester Rd exit/entrance off the 15 is poorly designed and backs up often in all directions. There are also a lot of super crazy drivers that use Winchester Rd – it’s not pleasant getting off/on that exit.
2) The property taxes (special assessments/mello roos) are high – special assessments do NOT drop when the property value drops. A lower price would help offset this.

[FormerOwner]

This article touches on some of the reasons why places like Temecula aren’t likely to be viable long-term:

http://finance.yahoo.com/family-home/article/106732/Suburbia-R-I-P

[FormerOwner]

This article touches on some of the reasons why places like Temecula aren’t likely to be viable long-term:

http://finance.yahoo.com/family-home/article/106732/Suburbia-R-I-P

[FormerOwner]

This article touches on some of the reasons why places like Temecula aren’t likely to be viable long-term:

http://finance.yahoo.com/family-home/article/106732/Suburbia-R-I-P

[FormerOwner]

This article touches on some of the reasons why places like Temecula aren’t likely to be viable long-term:

http://finance.yahoo.com/family-home/article/106732/Suburbia-R-I-P

[FormerOwner]

This article touches on some of the reasons why places like Temecula aren’t likely to be viable long-term:

http://finance.yahoo.com/family-home/article/106732/Suburbia-R-I-P

[FormerOwner]

I agree 100%. I personally know a number of people living in their houses in Temecula/Murrieta/French Valley without paying either mortgage or property taxes. There is a ton of “hidden inventory” in the Temecula Valley housing market.

The recent bear market rally in housing up here is mostly due to investors buying houses to rent out. How will the renters pay the rent long term? There are no jobs here to speak of. Traffic to get to a decent paying professional job is horiffic. If gas prices shoot back up and stay high that will solve the traffic issue because no one will live in the area. Either way, the market has no where to go but down – both prices and rents. That’s why I am a renter and have no plans to buy. There is absolutely nothing holding up this housing market long term!

[FormerOwner]

I agree 100%. I personally know a number of people living in their houses in Temecula/Murrieta/French Valley without paying either mortgage or property taxes. There is a ton of “hidden inventory” in the Temecula Valley housing market.

The recent bear market rally in housing up here is mostly due to investors buying houses to rent out. How will the renters pay the rent long term? There are no jobs here to speak of. Traffic to get to a decent paying professional job is horiffic. If gas prices shoot back up and stay high that will solve the traffic issue because no one will live in the area. Either way, the market has no where to go but down – both prices and rents. That’s why I am a renter and have no plans to buy. There is absolutely nothing holding up this housing market long term!

[FormerOwner]

I agree 100%. I personally know a number of people living in their houses in Temecula/Murrieta/French Valley without paying either mortgage or property taxes. There is a ton of “hidden inventory” in the Temecula Valley housing market.

The recent bear market rally in housing up here is mostly due to investors buying houses to rent out. How will the renters pay the rent long term? There are no jobs here to speak of. Traffic to get to a decent paying professional job is horiffic. If gas prices shoot back up and stay high that will solve the traffic issue because no one will live in the area. Either way, the market has no where to go but down – both prices and rents. That’s why I am a renter and have no plans to buy. There is absolutely nothing holding up this housing market long term!

[FormerOwner]

I agree 100%. I personally know a number of people living in their houses in Temecula/Murrieta/French Valley without paying either mortgage or property taxes. There is a ton of “hidden inventory” in the Temecula Valley housing market.

The recent bear market rally in housing up here is mostly due to investors buying houses to rent out. How will the renters pay the rent long term? There are no jobs here to speak of. Traffic to get to a decent paying professional job is horiffic. If gas prices shoot back up and stay high that will solve the traffic issue because no one will live in the area. Either way, the market has no where to go but down – both prices and rents. That’s why I am a renter and have no plans to buy. There is absolutely nothing holding up this housing market long term!

[Author]

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