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Ren
Participant[quote=carlsbadworker]Sorry for hijacking the thread. But where do you guys think the Temecula price is headed. I heard some realtor says that $100/sqft is roughly the cost to build a house so that’s the rock-bottom price. I believe that is probably true for new homes, but existing homes should be 10-15% lower than that. Is that possible, excluding the scenario of $10/gallon gas?[/quote]
It depends on the size of the place, but there’s no reason why many resale homes won’t go lower than $100/sqft. I hope to pay $80-$90 for rental property there.
Participant[quote=carlsbadworker]Sorry for hijacking the thread. But where do you guys think the Temecula price is headed. I heard some realtor says that $100/sqft is roughly the cost to build a house so that’s the rock-bottom price. I believe that is probably true for new homes, but existing homes should be 10-15% lower than that. Is that possible, excluding the scenario of $10/gallon gas?[/quote]
It depends on the size of the place, but there’s no reason why many resale homes won’t go lower than $100/sqft. I hope to pay $80-$90 for rental property there.
Participant[quote=carlsbadworker]Sorry for hijacking the thread. But where do you guys think the Temecula price is headed. I heard some realtor says that $100/sqft is roughly the cost to build a house so that’s the rock-bottom price. I believe that is probably true for new homes, but existing homes should be 10-15% lower than that. Is that possible, excluding the scenario of $10/gallon gas?[/quote]
It depends on the size of the place, but there’s no reason why many resale homes won’t go lower than $100/sqft. I hope to pay $80-$90 for rental property there.
Participant[quote=carlsbadworker]Sorry for hijacking the thread. But where do you guys think the Temecula price is headed. I heard some realtor says that $100/sqft is roughly the cost to build a house so that’s the rock-bottom price. I believe that is probably true for new homes, but existing homes should be 10-15% lower than that. Is that possible, excluding the scenario of $10/gallon gas?[/quote]
It depends on the size of the place, but there’s no reason why many resale homes won’t go lower than $100/sqft. I hope to pay $80-$90 for rental property there.
ParticipantRe Colorado: thought about this one pretty seriously, to the point of flying out and staying for a while (been there several times before as well). The Denver burbs would be nearly perfect if the landscape wasn’t so ugly and the air so dry. That awful 3am wakeup, mouth-breathing, dry-as-dust feeling was the deal breaker.
In the end, we realized that we’d get a better deal on a house in Temecula, the weather is better, and we’re still close enough to the ocean that we can make a day of it once in a while.
THEN we realized that San Diego is actually becoming affordable. We’re probably not moving anywhere, but if we did, it would be Greece.
ParticipantRe Colorado: thought about this one pretty seriously, to the point of flying out and staying for a while (been there several times before as well). The Denver burbs would be nearly perfect if the landscape wasn’t so ugly and the air so dry. That awful 3am wakeup, mouth-breathing, dry-as-dust feeling was the deal breaker.
In the end, we realized that we’d get a better deal on a house in Temecula, the weather is better, and we’re still close enough to the ocean that we can make a day of it once in a while.
THEN we realized that San Diego is actually becoming affordable. We’re probably not moving anywhere, but if we did, it would be Greece.
ParticipantRe Colorado: thought about this one pretty seriously, to the point of flying out and staying for a while (been there several times before as well). The Denver burbs would be nearly perfect if the landscape wasn’t so ugly and the air so dry. That awful 3am wakeup, mouth-breathing, dry-as-dust feeling was the deal breaker.
In the end, we realized that we’d get a better deal on a house in Temecula, the weather is better, and we’re still close enough to the ocean that we can make a day of it once in a while.
THEN we realized that San Diego is actually becoming affordable. We’re probably not moving anywhere, but if we did, it would be Greece.
ParticipantRe Colorado: thought about this one pretty seriously, to the point of flying out and staying for a while (been there several times before as well). The Denver burbs would be nearly perfect if the landscape wasn’t so ugly and the air so dry. That awful 3am wakeup, mouth-breathing, dry-as-dust feeling was the deal breaker.
In the end, we realized that we’d get a better deal on a house in Temecula, the weather is better, and we’re still close enough to the ocean that we can make a day of it once in a while.
THEN we realized that San Diego is actually becoming affordable. We’re probably not moving anywhere, but if we did, it would be Greece.
ParticipantRe Colorado: thought about this one pretty seriously, to the point of flying out and staying for a while (been there several times before as well). The Denver burbs would be nearly perfect if the landscape wasn’t so ugly and the air so dry. That awful 3am wakeup, mouth-breathing, dry-as-dust feeling was the deal breaker.
In the end, we realized that we’d get a better deal on a house in Temecula, the weather is better, and we’re still close enough to the ocean that we can make a day of it once in a while.
THEN we realized that San Diego is actually becoming affordable. We’re probably not moving anywhere, but if we did, it would be Greece.
ParticipantShort answer, yes.
At least wait until the fall/winter. Prices WILL be lower then and there will likely be fewer buyers competing with you.
If it helps you to resist, just watch the monthly numbers for the area you’re interested in. Seeing the condo median in that area drop month-to-month can be very sobering, especially when you imagine it’s your down payment.
ParticipantShort answer, yes.
At least wait until the fall/winter. Prices WILL be lower then and there will likely be fewer buyers competing with you.
If it helps you to resist, just watch the monthly numbers for the area you’re interested in. Seeing the condo median in that area drop month-to-month can be very sobering, especially when you imagine it’s your down payment.
ParticipantShort answer, yes.
At least wait until the fall/winter. Prices WILL be lower then and there will likely be fewer buyers competing with you.
If it helps you to resist, just watch the monthly numbers for the area you’re interested in. Seeing the condo median in that area drop month-to-month can be very sobering, especially when you imagine it’s your down payment.
ParticipantShort answer, yes.
At least wait until the fall/winter. Prices WILL be lower then and there will likely be fewer buyers competing with you.
If it helps you to resist, just watch the monthly numbers for the area you’re interested in. Seeing the condo median in that area drop month-to-month can be very sobering, especially when you imagine it’s your down payment.
ParticipantShort answer, yes.
At least wait until the fall/winter. Prices WILL be lower then and there will likely be fewer buyers competing with you.
If it helps you to resist, just watch the monthly numbers for the area you’re interested in. Seeing the condo median in that area drop month-to-month can be very sobering, especially when you imagine it’s your down payment.
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