[HappyHouseHunting]

This is a question asked strictly out of curiosity because I do not know the area at all, but when you look at the sales history on this house, and other properties around it, how did a $217,000 dollar condo become $1,000,000?

I notice if you go back to condos in the same complex that the 1999 prices were in the $400,000 range or so. This would make them pricey as you say but from everything I am reading, anything in the $900,000 range would be strictly bubble pricing. If prices go to 2000 value (which seems to make sense) shouldn’t these go the high $400,000s?

Like I said, this is strictly a lack of understanding of the San Diego market. Are there enough people out there who can fundamentally afford $900,000 for condos and is there a bank out there who would loan that in today’s market?

[HappyHouseHunting]

This is a question asked strictly out of curiosity because I do not know the area at all, but when you look at the sales history on this house, and other properties around it, how did a $217,000 dollar condo become $1,000,000?

I notice if you go back to condos in the same complex that the 1999 prices were in the $400,000 range or so. This would make them pricey as you say but from everything I am reading, anything in the $900,000 range would be strictly bubble pricing. If prices go to 2000 value (which seems to make sense) shouldn’t these go the high $400,000s?

Like I said, this is strictly a lack of understanding of the San Diego market. Are there enough people out there who can fundamentally afford $900,000 for condos and is there a bank out there who would loan that in today’s market?

[HappyHouseHunting]

This is a question asked strictly out of curiosity because I do not know the area at all, but when you look at the sales history on this house, and other properties around it, how did a $217,000 dollar condo become $1,000,000?

I notice if you go back to condos in the same complex that the 1999 prices were in the $400,000 range or so. This would make them pricey as you say but from everything I am reading, anything in the $900,000 range would be strictly bubble pricing. If prices go to 2000 value (which seems to make sense) shouldn’t these go the high $400,000s?

Like I said, this is strictly a lack of understanding of the San Diego market. Are there enough people out there who can fundamentally afford $900,000 for condos and is there a bank out there who would loan that in today’s market?

[HappyHouseHunting]

This is a question asked strictly out of curiosity because I do not know the area at all, but when you look at the sales history on this house, and other properties around it, how did a $217,000 dollar condo become $1,000,000?

I notice if you go back to condos in the same complex that the 1999 prices were in the $400,000 range or so. This would make them pricey as you say but from everything I am reading, anything in the $900,000 range would be strictly bubble pricing. If prices go to 2000 value (which seems to make sense) shouldn’t these go the high $400,000s?

Like I said, this is strictly a lack of understanding of the San Diego market. Are there enough people out there who can fundamentally afford $900,000 for condos and is there a bank out there who would loan that in today’s market?

[HappyHouseHunting]

This is a question asked strictly out of curiosity because I do not know the area at all, but when you look at the sales history on this house, and other properties around it, how did a $217,000 dollar condo become $1,000,000?

I notice if you go back to condos in the same complex that the 1999 prices were in the $400,000 range or so. This would make them pricey as you say but from everything I am reading, anything in the $900,000 range would be strictly bubble pricing. If prices go to 2000 value (which seems to make sense) shouldn’t these go the high $400,000s?

Like I said, this is strictly a lack of understanding of the San Diego market. Are there enough people out there who can fundamentally afford $900,000 for condos and is there a bank out there who would loan that in today’s market?

[HappyHouseHunting]

Marion, thanks for the heads up on the ugly carpet and run down condition of the Big Sage house. I am not interested, but the info does help make a decision on even whether to call the realtor and look at it or not.

I guess my question was more rhetorical than anything else. I keep reading over at The Housing Bubble Blog how bad it is getting every where, but then see stupid s**t like Big Sage.

I have lived in Temecula since 1996, sold a home in Meadowview in 2006, made a little bit of money. My ex and I bought the house for $235,000 in 1996. The home had been on the market for a LONG time and totally desperate sellers finally caved in. When I look at the sales in Meadowview that have happened in the past year, I can only think that there will be some foreclosures happening there soon. I love Meadowview, but a million bucks to live there?

I distinctly remember the first time we went into an open house in Meadowview, one of the ugly 1970s homes on Del Rey, and it was listed for over $200,000! What were they thinking! It is laughable now but it really seemed outrageous at the time.

I remember buying our first home in 1988 and being told by the builders that we COULD buy one of their homes, all it would take is for us to leave a deposit check and when the next phase came out, they would call us and tell us how much! We finally found one for $129,000 (1900 square feet on 1/2 acre) and sold it EIGHT years later for $135,000. Tell me real estate cannot be a depreciating asset!

I guess what I was asking was do you all think that we still have a long way to go before we see the bottom in Temecula?

BTW, does anybody know what happened to 41158 Promenade Chardonnay Hills? My agent said it was in escrow for $280,000 with multiple offers but now it seems to be back on the market for $290,000?

HappyHouseHunting

[HappyHouseHunting]

Marion, thanks for the heads up on the ugly carpet and run down condition of the Big Sage house. I am not interested, but the info does help make a decision on even whether to call the realtor and look at it or not.

I guess my question was more rhetorical than anything else. I keep reading over at The Housing Bubble Blog how bad it is getting every where, but then see stupid s**t like Big Sage.

I have lived in Temecula since 1996, sold a home in Meadowview in 2006, made a little bit of money. My ex and I bought the house for $235,000 in 1996. The home had been on the market for a LONG time and totally desperate sellers finally caved in. When I look at the sales in Meadowview that have happened in the past year, I can only think that there will be some foreclosures happening there soon. I love Meadowview, but a million bucks to live there?

I distinctly remember the first time we went into an open house in Meadowview, one of the ugly 1970s homes on Del Rey, and it was listed for over $200,000! What were they thinking! It is laughable now but it really seemed outrageous at the time.

I remember buying our first home in 1988 and being told by the builders that we COULD buy one of their homes, all it would take is for us to leave a deposit check and when the next phase came out, they would call us and tell us how much! We finally found one for $129,000 (1900 square feet on 1/2 acre) and sold it EIGHT years later for $135,000. Tell me real estate cannot be a depreciating asset!

I guess what I was asking was do you all think that we still have a long way to go before we see the bottom in Temecula?

BTW, does anybody know what happened to 41158 Promenade Chardonnay Hills? My agent said it was in escrow for $280,000 with multiple offers but now it seems to be back on the market for $290,000?

HappyHouseHunting

[HappyHouseHunting]

Marion, thanks for the heads up on the ugly carpet and run down condition of the Big Sage house. I am not interested, but the info does help make a decision on even whether to call the realtor and look at it or not.

I guess my question was more rhetorical than anything else. I keep reading over at The Housing Bubble Blog how bad it is getting every where, but then see stupid s**t like Big Sage.

I have lived in Temecula since 1996, sold a home in Meadowview in 2006, made a little bit of money. My ex and I bought the house for $235,000 in 1996. The home had been on the market for a LONG time and totally desperate sellers finally caved in. When I look at the sales in Meadowview that have happened in the past year, I can only think that there will be some foreclosures happening there soon. I love Meadowview, but a million bucks to live there?

I distinctly remember the first time we went into an open house in Meadowview, one of the ugly 1970s homes on Del Rey, and it was listed for over $200,000! What were they thinking! It is laughable now but it really seemed outrageous at the time.

I remember buying our first home in 1988 and being told by the builders that we COULD buy one of their homes, all it would take is for us to leave a deposit check and when the next phase came out, they would call us and tell us how much! We finally found one for $129,000 (1900 square feet on 1/2 acre) and sold it EIGHT years later for $135,000. Tell me real estate cannot be a depreciating asset!

I guess what I was asking was do you all think that we still have a long way to go before we see the bottom in Temecula?

BTW, does anybody know what happened to 41158 Promenade Chardonnay Hills? My agent said it was in escrow for $280,000 with multiple offers but now it seems to be back on the market for $290,000?

HappyHouseHunting

[HappyHouseHunting]

Marion, thanks for the heads up on the ugly carpet and run down condition of the Big Sage house. I am not interested, but the info does help make a decision on even whether to call the realtor and look at it or not.

I guess my question was more rhetorical than anything else. I keep reading over at The Housing Bubble Blog how bad it is getting every where, but then see stupid s**t like Big Sage.

I have lived in Temecula since 1996, sold a home in Meadowview in 2006, made a little bit of money. My ex and I bought the house for $235,000 in 1996. The home had been on the market for a LONG time and totally desperate sellers finally caved in. When I look at the sales in Meadowview that have happened in the past year, I can only think that there will be some foreclosures happening there soon. I love Meadowview, but a million bucks to live there?

I distinctly remember the first time we went into an open house in Meadowview, one of the ugly 1970s homes on Del Rey, and it was listed for over $200,000! What were they thinking! It is laughable now but it really seemed outrageous at the time.

I remember buying our first home in 1988 and being told by the builders that we COULD buy one of their homes, all it would take is for us to leave a deposit check and when the next phase came out, they would call us and tell us how much! We finally found one for $129,000 (1900 square feet on 1/2 acre) and sold it EIGHT years later for $135,000. Tell me real estate cannot be a depreciating asset!

I guess what I was asking was do you all think that we still have a long way to go before we see the bottom in Temecula?

BTW, does anybody know what happened to 41158 Promenade Chardonnay Hills? My agent said it was in escrow for $280,000 with multiple offers but now it seems to be back on the market for $290,000?

HappyHouseHunting

[HappyHouseHunting]

Marion, thanks for the heads up on the ugly carpet and run down condition of the Big Sage house. I am not interested, but the info does help make a decision on even whether to call the realtor and look at it or not.

I guess my question was more rhetorical than anything else. I keep reading over at The Housing Bubble Blog how bad it is getting every where, but then see stupid s**t like Big Sage.

I have lived in Temecula since 1996, sold a home in Meadowview in 2006, made a little bit of money. My ex and I bought the house for $235,000 in 1996. The home had been on the market for a LONG time and totally desperate sellers finally caved in. When I look at the sales in Meadowview that have happened in the past year, I can only think that there will be some foreclosures happening there soon. I love Meadowview, but a million bucks to live there?

I distinctly remember the first time we went into an open house in Meadowview, one of the ugly 1970s homes on Del Rey, and it was listed for over $200,000! What were they thinking! It is laughable now but it really seemed outrageous at the time.

I remember buying our first home in 1988 and being told by the builders that we COULD buy one of their homes, all it would take is for us to leave a deposit check and when the next phase came out, they would call us and tell us how much! We finally found one for $129,000 (1900 square feet on 1/2 acre) and sold it EIGHT years later for $135,000. Tell me real estate cannot be a depreciating asset!

I guess what I was asking was do you all think that we still have a long way to go before we see the bottom in Temecula?

BTW, does anybody know what happened to 41158 Promenade Chardonnay Hills? My agent said it was in escrow for $280,000 with multiple offers but now it seems to be back on the market for $290,000?

HappyHouseHunting

[HappyHouseHunting]

Hipmatt,love your commentary. I was curious what you think will happen in communities like Meadowview, Los Ranchitos or Santiago? I had to sell a home in Meadowview this year and was very sad to see it go, especially at the price it sold at! Anyway, I walked away with some money but I am happily renting waiting to see what happens to Temecula.

[HappyHouseHunting]

Hipmatt,love your commentary. I was curious what you think will happen in communities like Meadowview, Los Ranchitos or Santiago? I had to sell a home in Meadowview this year and was very sad to see it go, especially at the price it sold at! Anyway, I walked away with some money but I am happily renting waiting to see what happens to Temecula.

[HappyHouseHunting]

Hipmatt,love your commentary. I was curious what you think will happen in communities like Meadowview, Los Ranchitos or Santiago? I had to sell a home in Meadowview this year and was very sad to see it go, especially at the price it sold at! Anyway, I walked away with some money but I am happily renting waiting to see what happens to Temecula.

[HappyHouseHunting]

Hipmatt,love your commentary. I was curious what you think will happen in communities like Meadowview, Los Ranchitos or Santiago? I had to sell a home in Meadowview this year and was very sad to see it go, especially at the price it sold at! Anyway, I walked away with some money but I am happily renting waiting to see what happens to Temecula.

[HappyHouseHunting]

Hipmatt,love your commentary. I was curious what you think will happen in communities like Meadowview, Los Ranchitos or Santiago? I had to sell a home in Meadowview this year and was very sad to see it go, especially at the price it sold at! Anyway, I walked away with some money but I am happily renting waiting to see what happens to Temecula.

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