[paramount]

It depends on what you like in terms of the city, weather, geography, etc…

I happen to like warm, dry weather and I think the Temecula Valley in general is an attractive area.

Schools: I’m not totally sure, my son goes to Catholic School – not b/c the schools in the area are bad, I think overall they are pretty good.

The People: As in most places, if you actually get to know your neighbors you’ll typically find they are nice. That being said, my section of the neighborhood (Paloma Del Sol) is so-so. The area around my street has become full of rentals – probably 50% or so, which in IMO has become a problem (some crime, dorm houses). A mixture of gray collar (myself included) and blue collar and sales types – this mixture largely the result of the housing bubble.

The commute (for most): After 5 years of commuting to RB it is getting better with the freeway improvements. But to be honest on the eve of my 40th the commute is getting old – even though it only takes about 40-45 minutes or so, it’s still 39 miles to my work (I do carpool, which gets old as well).

Overall: South Temecula is a pretty good place to live – the air is still clean, night sky still somewhat dark (backyard astronomy), crime although low is rising. It’s a mixture of locals and transplants. Local (good paying) jobs difficult to find, but it is possible to find one.

[paramount]

It depends on what you like in terms of the city, weather, geography, etc…

I happen to like warm, dry weather and I think the Temecula Valley in general is an attractive area.

Schools: I’m not totally sure, my son goes to Catholic School – not b/c the schools in the area are bad, I think overall they are pretty good.

The People: As in most places, if you actually get to know your neighbors you’ll typically find they are nice. That being said, my section of the neighborhood (Paloma Del Sol) is so-so. The area around my street has become full of rentals – probably 50% or so, which in IMO has become a problem (some crime, dorm houses). A mixture of gray collar (myself included) and blue collar and sales types – this mixture largely the result of the housing bubble.

The commute (for most): After 5 years of commuting to RB it is getting better with the freeway improvements. But to be honest on the eve of my 40th the commute is getting old – even though it only takes about 40-45 minutes or so, it’s still 39 miles to my work (I do carpool, which gets old as well).

Overall: South Temecula is a pretty good place to live – the air is still clean, night sky still somewhat dark (backyard astronomy), crime although low is rising. It’s a mixture of locals and transplants. Local (good paying) jobs difficult to find, but it is possible to find one.

[paramount]

It depends on what you like in terms of the city, weather, geography, etc…

I happen to like warm, dry weather and I think the Temecula Valley in general is an attractive area.

Schools: I’m not totally sure, my son goes to Catholic School – not b/c the schools in the area are bad, I think overall they are pretty good.

The People: As in most places, if you actually get to know your neighbors you’ll typically find they are nice. That being said, my section of the neighborhood (Paloma Del Sol) is so-so. The area around my street has become full of rentals – probably 50% or so, which in IMO has become a problem (some crime, dorm houses). A mixture of gray collar (myself included) and blue collar and sales types – this mixture largely the result of the housing bubble.

The commute (for most): After 5 years of commuting to RB it is getting better with the freeway improvements. But to be honest on the eve of my 40th the commute is getting old – even though it only takes about 40-45 minutes or so, it’s still 39 miles to my work (I do carpool, which gets old as well).

Overall: South Temecula is a pretty good place to live – the air is still clean, night sky still somewhat dark (backyard astronomy), crime although low is rising. It’s a mixture of locals and transplants. Local (good paying) jobs difficult to find, but it is possible to find one.

[paramount]

I have been looking to move into a larger house for the last year or so, of course what I found is that the longer I waited the lower the prices.

I have been looking at this home since the summer, but I still think it is overpriced by 60k at a minimum:

http://redfin.com/stingray/do/printable-listing?listing-id=1089234

[paramount]

I have been looking to move into a larger house for the last year or so, of course what I found is that the longer I waited the lower the prices.

I have been looking at this home since the summer, but I still think it is overpriced by 60k at a minimum:

http://redfin.com/stingray/do/printable-listing?listing-id=1089234

[paramount]

I have been looking to move into a larger house for the last year or so, of course what I found is that the longer I waited the lower the prices.

I have been looking at this home since the summer, but I still think it is overpriced by 60k at a minimum:

http://redfin.com/stingray/do/printable-listing?listing-id=1089234

[paramount]

I have been looking to move into a larger house for the last year or so, of course what I found is that the longer I waited the lower the prices.

I have been looking at this home since the summer, but I still think it is overpriced by 60k at a minimum:

http://redfin.com/stingray/do/printable-listing?listing-id=1089234

[paramount]

I have been looking to move into a larger house for the last year or so, of course what I found is that the longer I waited the lower the prices.

I have been looking at this home since the summer, but I still think it is overpriced by 60k at a minimum:

http://redfin.com/stingray/do/printable-listing?listing-id=1089234

[paramount]

I think I understand your position, but can one time the market perfectly?

What’s it worth to reduce your commute? It’s only money, but time is something you can’t get back.

As I have said before, for the average person I would not sit around and waste my life trying to time the market like so many others on this forum.

If the reduction in commute is considerable, and you can afford the new house on conservative/realistic terms and it’s priced right, why not?

In 10 years it won’t really matter that much anyway.

[paramount]

I think I understand your position, but can one time the market perfectly?

What’s it worth to reduce your commute? It’s only money, but time is something you can’t get back.

As I have said before, for the average person I would not sit around and waste my life trying to time the market like so many others on this forum.

If the reduction in commute is considerable, and you can afford the new house on conservative/realistic terms and it’s priced right, why not?

In 10 years it won’t really matter that much anyway.

[paramount]

I think I understand your position, but can one time the market perfectly?

What’s it worth to reduce your commute? It’s only money, but time is something you can’t get back.

As I have said before, for the average person I would not sit around and waste my life trying to time the market like so many others on this forum.

If the reduction in commute is considerable, and you can afford the new house on conservative/realistic terms and it’s priced right, why not?

In 10 years it won’t really matter that much anyway.

[paramount]

I think I understand your position, but can one time the market perfectly?

What’s it worth to reduce your commute? It’s only money, but time is something you can’t get back.

As I have said before, for the average person I would not sit around and waste my life trying to time the market like so many others on this forum.

If the reduction in commute is considerable, and you can afford the new house on conservative/realistic terms and it’s priced right, why not?

In 10 years it won’t really matter that much anyway.

[paramount]

I think I understand your position, but can one time the market perfectly?

What’s it worth to reduce your commute? It’s only money, but time is something you can’t get back.

As I have said before, for the average person I would not sit around and waste my life trying to time the market like so many others on this forum.

If the reduction in commute is considerable, and you can afford the new house on conservative/realistic terms and it’s priced right, why not?

In 10 years it won’t really matter that much anyway.

[paramount]

In looking at Centex I assume you are referring to Hemingway?

I have been looking in Hemingway since the summer, and yes the prices have come down, but not that much overall.

Centex, unlike Standard Pacific has not really lowered their prices that much (or offered many incentives), but I have not checked back recently. I have tried to negotiate with Centex with basically no luck at all.

My take on Temecula as a 5 year resident and student of the housing market in Temecula: Depends on the community, the price drops in Crowne Hill have surprised me, but then Crowne Hill does not have any amenities to speak of (pools,etc…).

Morgan Hill could go sub 400k (for the non view smaller homes) in the near future if it isn’t already.

Parts of Redhawk are nice, but was only recently incorporated into the city – meaning the building codes were not as strict as in the city proper – at least based on my observations.

Temecula is supported to a considerable extent by Camp Pendleton (lots of Marines live in Temecula), so will be somewhat insulated from a recession.

My 2008 prediction for Temecula: Perhaps another 10% for the resale market by this time next year (I am basing that on my house – a typical Temecula house). New houses may be a different story, maybe less than 10%.

Be Warned: Many on this board like to trash Temecula, and often put Temecula/Murrieta in the same basket. I know Temecula AND San Diego well and maintain my objectivity at all times.

[paramount]

In looking at Centex I assume you are referring to Hemingway?

I have been looking in Hemingway since the summer, and yes the prices have come down, but not that much overall.

Centex, unlike Standard Pacific has not really lowered their prices that much (or offered many incentives), but I have not checked back recently. I have tried to negotiate with Centex with basically no luck at all.

My take on Temecula as a 5 year resident and student of the housing market in Temecula: Depends on the community, the price drops in Crowne Hill have surprised me, but then Crowne Hill does not have any amenities to speak of (pools,etc…).

Morgan Hill could go sub 400k (for the non view smaller homes) in the near future if it isn’t already.

Parts of Redhawk are nice, but was only recently incorporated into the city – meaning the building codes were not as strict as in the city proper – at least based on my observations.

Temecula is supported to a considerable extent by Camp Pendleton (lots of Marines live in Temecula), so will be somewhat insulated from a recession.

My 2008 prediction for Temecula: Perhaps another 10% for the resale market by this time next year (I am basing that on my house – a typical Temecula house). New houses may be a different story, maybe less than 10%.

Be Warned: Many on this board like to trash Temecula, and often put Temecula/Murrieta in the same basket. I know Temecula AND San Diego well and maintain my objectivity at all times.

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