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Once upon a time in this country an engineer was a prestiguous job/title.

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Thanks flyer for the advice and encouragement.

I put my house on the market for top $$ – I’m going to give it a few weeks. If I don’t get solid offers by Aug 1 I’ll place it back on the market for rent.

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I think now is a good time to sell investment properties.

I am selling.

The landlord business can be miserable.

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My current tenant is vacating, so I switched the utilities back in my name. While I was switching the water back, the rep told me that a previous tenant still had not paid their water bill.

They said if it happened again they would put a lien on my house – this was rancho water district.

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True – but it is a big deal. If they miss an eviction(s) you could be in trouble.

If they can’t start utilities in their own name, that can lead to problems.

And on and on…

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I also see that the following are also popular:

https://www.houserie.com/what-is-houserie

https://www.leaserunner.com/

http://www.ntnonline.com/resident-screening/packages/ntn-decisionpoint.cfm

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[quote=FlyerInHi]
Temecula is like the South. [/quote]

Obviously a Temecula hater.

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Looks like Greece is going down…this could be bad.

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[quote=bearishgurl]
Just jog your memory a little as to what happened in your well-established “hometown,” Pt Loma (SD) between 2008 and 2011, paramount. It had a few MAJOR fixers which sold 30-40% under the market during that time frame and a few (VERY few) short sales (not sure HOW short). But for the most part, the PL market was stagnant to improving there during that time frame, depending on micro-area of the listing. There were never very many listings at one time there because when sellers don’t HAVE to sell in a stagnant or down market, they won’t list!

The major difference in residential RE values between the IE cities and the established cities in coastal counties (for example) is primarily due to the differences in types of owners. In the established areas, the owners have far less debt than a homeowner in a new or newer construction tract, on average, regardless of their income or the value of surrounding homes. In many established micro areas, most of the homes are owned free and clear. Long-term owner solvency has EVERYTHING to do with RE values remaining stable.[/quote]

BG: Markets change. And yes, the 1%ers will always do well (coastal. RSF, etc…) and were not as affected by the 2008 crash like the 99%ers in Temecula. San Diego like the Bay Area is also positively gentrified.

There is little doubt that many Temecula shoppers also shop the areas you mentioned, most – by far – see the value in Temecula.

Also allow me to remind you that the Temecula Valley has a population somewhere north of 300k.

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[quote=bearishgurl]

Back to your SD County discussion, there ARE cities which one can purchase a SFR today for the same price (or slightly more) than those in Temecula. Yes, they may be slightly smaller homes (on average) but maybe not. Examples:

Santee
Lakeside
El Cajon
San Marcos
Oceanside
Vista
Fallbrook
Bonsall
Escondido

I don’t have to tell YOU that ALL of these locations are closer (some MUCH closer) to major job centers in SD North County than Temecula is. And all of them have reasonably-priced homes to choose from. I don’t buy the argument of “die-hard Temeculans” that the IE it is the ONLY place in SoCal to buy into for those families headed by FT workers who are in the the sub $500K homebuyer bracket. It’s not.

My point here is that most SoCal homebuyers whose jobs are NOT in the IE CAN buy a decent home much, much closer to work for the same or similar price as a home would cost in the IE (but w/o MR and HOA) but consciously choose not to. Yes, even today! Listings for these (mostly mid-century) ranch-style family homes of 1100 to 1900 sf abound in at least 30 (inland) cities in LA County. The same mid-century family home costs slightly more ($0 to $80K, depending on location) in at least a dozen cities in the inland OC. Again, with no MR/HOA expense.[/quote]

The problem BG is that you’re missing the point – it’s not just about being close to some fictional job center.

And the market bears this out….hard to argue with the market.

It’s not unlike cars: you might like a certain car and think it’s the best car in the world, but let’s assume that car you like has a crappy residual value.

Again, you can’t really argue with the market – the market is all knowing. It is what it is…

Temecula is packed with people for good reasons….

Another example: There are also good reasons why so many commute from Manhattan to Stamford, Connecticut. 1 hour each way daily!

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[quote=FlyerInHi]
EDC was in Vegas this past weekend. That resulted in more than an extra 200,000 very excited people coming, not all of whom attended the actual events.

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I got caught up in that EDC goofiness.

But I do like the old Kraftwerk stuff:

Interpol and Deutsche Bank
Business, numbers, money, people
Computer world

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I will say this: as far as I can tell, Vegas is booming right now. Even mid week Vegas is packed!!

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[quote=FlyerInHi]

Temecula’s demographics is housing refugees from SD, OC and LA. A lot of people are there because of pocketbook issues; but really deep down, they’d rather be in SD, OC, LA. It’s the ultimate settling. I know, scaredy said it before, he’s totally unsettled. But I think he’s the exception.

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I used to think that as well, but now that I could move to a ‘nice’ area of SD, I have no desire to leave Temecula.

Temecula is a great place to live, it really truly is….

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[quote=FlyerInHi]

I know, I’m in Vegas. I meet a lot of Californians who think of Vegas as California extended. They would rather be in California, and they aren’t ready to move to Colorado or Kansas. They have settled, but they are really very unsettled.

Me, I’ve decided that I will do like many Hawaiians. I will retire in Vegas and Honolulu. Don’t need a big place. A small well-designed condo at the beach is OK.[/quote]

We usually go to Vegas 2-3 times/year, in fact I just got back.

With each visit I seem to like Vegas less and less. Maybe it’s age.

It seems so dirty in so many ways.

Is the air quality in Vegas or Casinos really bad? It’s like I have allergies.

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[quote=scaredyclassic]

Having equity makes people more cheerful grnerally[/quote]

I think what scaredy says is true.

But with mainstream big time money managers currently advising clients to stuff their mattress with cash, I’m reminded that equity can come and go.

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