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May 26, 2007 at 7:47 AM in reply to: DR Horton Slashes prices $100k in Murrieta, Menifee, Wildomar and more in … #55133May 22, 2007 at 9:35 PM in reply to: DR Horton Slashes prices $100k in Murrieta, Menifee, Wildomar and more in … #54437
mydogsarelazy
ParticipantWe live in Murrieta and often take our two girls over to Harveston to enjoy the playground and the lake.
It really is an attractive community, and it is well maintained. There is a waterpark planned nearby and in a few years there will be another freeway ramp, and that should be good for Harveston.
However, didn’t I read on this board that the taxes are very high? Two percent? I know that the lake has been deeded to the City of Temecula and it is expensive to maintain properly.
So, if you found a nice home for $500k and could buy it all cash, you would still be paying $1k per month property taxes forever.
French Valley? I find it to be so weird. Lots of new homes, and really almost nothing else.
JS
May 22, 2007 at 9:35 PM in reply to: DR Horton Slashes prices $100k in Murrieta, Menifee, Wildomar and more in … #54450ParticipantWe live in Murrieta and often take our two girls over to Harveston to enjoy the playground and the lake.
It really is an attractive community, and it is well maintained. There is a waterpark planned nearby and in a few years there will be another freeway ramp, and that should be good for Harveston.
However, didn’t I read on this board that the taxes are very high? Two percent? I know that the lake has been deeded to the City of Temecula and it is expensive to maintain properly.
So, if you found a nice home for $500k and could buy it all cash, you would still be paying $1k per month property taxes forever.
French Valley? I find it to be so weird. Lots of new homes, and really almost nothing else.
JS
ParticipantToday’s Press Enterprise has a piece about the rally I saw yesterday:
ParticipantToday’s Press Enterprise has a piece about the rally I saw yesterday:
ParticipantI was just at the Temecula Mall an hour ago.
There was a protest going on in front, with a huge banner “Largest Mortgage Scam Ever.” Lots of people, and another sign I saw was something like “Hold the Broker responsible.”
That says something about how Temecula/Murrieta real estate market is going right now.
JS
ParticipantI was just at the Temecula Mall an hour ago.
There was a protest going on in front, with a huge banner “Largest Mortgage Scam Ever.” Lots of people, and another sign I saw was something like “Hold the Broker responsible.”
That says something about how Temecula/Murrieta real estate market is going right now.
JS
ParticipantWhen we decided, in 2003, to put a deposit on a new home, we estimated that our existing home would bring $275k.
By the time we closed on the new home in 2004 we were able to get $375k for our home, and the home that we had moved into had also dramatically appreciated.
Don’t know if there will ever be another opportunity like that in my lifetime but real estate appreciation allowed me to get ahead like no other opportunity of my life.
JS
ParticipantParticipantHello there,
Here are a few things that I keep in mind when trying to understand all the madness surrounding housing.
Part of what the Housing Boom did was create a greater gap between generations, economically speaking. In other words, those who have owned homes for a decade or more were made wealthier — at least temporarily, right? — by the boom. Many of them used their new equity wealth to move up and that has been a big factor in home prices.
During the boom, every homeowner became a speculator with fantastic leverage, and those who sold and moved up did some serious cashing in. Then there are those who inherited inflated real estate from their parents…
Also, I heard Henry Cisneros speak a few years back, and he made some interesting points. He pointed out that most of us middle class Americans look at housing prices and think in terms of “What will our one or two incomes buy?” Cisneros, who has been working for KB Home, stated that a great number of recent first time buyers are recent immigrants, many of whom buy as a family, pooling incomes and resources. We have this where we live: just across the street two Philippine brothers and their wives bought a big place. I count at least four incomes paying that mortgage, and the driveway is always full of cars. Maybe their visiting cousins kick in too?
The LA Times has an article today about banks offering special mortgages for people who want to buy second homes in partnership.
I believe in the bubble, but I also try to keep in mind that people really are incredibly motivated to buy homes.
JS
ParticipantHere are some pluses and minuses for Temecula Murrieta:
Plus
It isn’t Hemet
Many new restaurants, shops and attractions are opening
Great schools
A good family areaMinus
The Murrieta real estate scam is going to put thousands of homes into repo
Many people here are in over their heads
All in all, I think in 6 months to a year you can get that $550 place for closer to $400.
Just my opinion…
JS
ParticipantI would make a lowball offer, and staple a copy of this press release to the top of the offer.
http://www.emediawire.com/releases/2007/1/emw497285.htm
JS
ParticipantCorporations are just as diverse as people, and I don’t believe that they are “evil.” I do, however, believe that Mr. Bush is using the power of this nation to serve cronies including corporate ones.
I also believe that we do need a war on terror, but that the way we have handled Iraq has helped to spread terror.
After 9/11 we should have initiated a massive effort to do the following:
– Focus our intelligence agencies on radical Islamic groups.
– Seek out and eliminate known terrorists in pinpoint fashion.
– Create a pervasive war of ideas designed to discredit terrorism and make the world understand what this nation truly has to offer.
Should we have made war in Afghanistan? I think yes, it makes much more sense than Iraq does.
If some of you really think we should be in Iraq, why did we have to be lied to in order to justify being there?
JS
ParticipantWe live in a 2 year old home in Murrieta in a very nice area with excellent schools. Across the street from us is a beautiful house, over 3,000 sq ft which has been renter occupied since new. The renters are very meticulous and it is in excellent shape. The owner/speculators put it up for sale just at just under $600k close to a year ago, and it has not sold. Currently they are asking $485k and I know that they offered it to the renters for $450k.
That gives you a picture of how much one house has come down.
By the way, drop me an e-mail if you would like the address.
JS
ParticipantTerrorists are not Muslims: they just say they are and hide behind the label of religion.
We are in Iraq because George W. Bush decided long before he was elected that he wanted us to be there for the benefit of oil companies and other corporations.
If what America really wanted to do was to use our immense power and resources to improve situations that really need attention we would be in Africa. Since our armed forces aren’t Oprah, Clinton and Bono are.
JS
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