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TG,
I have question as newbee in Temecula and still trying not to get lost as they are changing the street signs. Why is the south of 79/Temecula prkwy is a more desirable? For me the traffic from Penchanga (did I spell it right) is such a turn-off. I love Redhawk, but do have issue with Morgan Hill. High property tax, big hugeeee Houses, Traffic at Temecula prkwy (is there another way to get there from the freeway?) I just passed my first summer here, and really wondering what is the average energy cost for a 3500 sf.ft house in the summer? (to keep it at 75F about 12 hours/day). A dashing single guy like you don’t need all those space, you just want the 3 car garage. How I wish to be single again 🙁

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BB easy young man…don’t get to mad. I know some people thats make 60K/year and live like they make 300K/year 🙂

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BB easy young man…don’t get to mad. I know some people thats make 60K/year and live like they make 300K/year 🙂

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BB easy young man…don’t get to mad. I know some people thats make 60K/year and live like they make 300K/year 🙂

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Manu,
I don’t really know your portfolio but will go out in the limb and say, sell the place! Especially if you could make a profit.
If you have to fight traffic 2 hours every day (wait till its start raining then it will be 2 hours for one way), its should make your decision easier. You also contradicting yourself about affortability of your mortgage, you said you could afford it but cannot save any money because of it. That means its not affortable and you should downsize (4200sq.ft for two people its just too much, just to clean that place you’ll need two cleaning maid).
Sell it as fast as you can, forget the additional fixing, priced it aggresivelly (it sounds like you could absorb some losses). Rent a condo closer to work, cut down the commuting and work to rebuild your relationship with your hubby. Just my 2 cents……

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Manu,
I don’t really know your portfolio but will go out in the limb and say, sell the place! Especially if you could make a profit.
If you have to fight traffic 2 hours every day (wait till its start raining then it will be 2 hours for one way), its should make your decision easier. You also contradicting yourself about affortability of your mortgage, you said you could afford it but cannot save any money because of it. That means its not affortable and you should downsize (4200sq.ft for two people its just too much, just to clean that place you’ll need two cleaning maid).
Sell it as fast as you can, forget the additional fixing, priced it aggresivelly (it sounds like you could absorb some losses). Rent a condo closer to work, cut down the commuting and work to rebuild your relationship with your hubby. Just my 2 cents……

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Manu,
I don’t really know your portfolio but will go out in the limb and say, sell the place! Especially if you could make a profit.
If you have to fight traffic 2 hours every day (wait till its start raining then it will be 2 hours for one way), its should make your decision easier. You also contradicting yourself about affortability of your mortgage, you said you could afford it but cannot save any money because of it. That means its not affortable and you should downsize (4200sq.ft for two people its just too much, just to clean that place you’ll need two cleaning maid).
Sell it as fast as you can, forget the additional fixing, priced it aggresivelly (it sounds like you could absorb some losses). Rent a condo closer to work, cut down the commuting and work to rebuild your relationship with your hubby. Just my 2 cents……

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Countrywide projecting that its going to be profitable this quarter and next. Do I missed something here? How in the world? This was just like Enron was saying last time…

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Countrywide projecting that its going to be profitable this quarter and next. Do I missed something here? How in the world? This was just like Enron was saying last time…

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Countrywide projecting that its going to be profitable this quarter and next. Do I missed something here? How in the world? This was just like Enron was saying last time…

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“Perhaps I am residing in a microcosm. This was a more expensive area initially and the buyers may have more liquid assets, thus this community may have longer to go before it crashes.”

You are definitely in the upper percentile of the population. This is basically a better educated/smarter group, that have more security and liquid asset to ride the storm out. I don’t think there are many of this example, if you take the percentage for the whole Temecula. Per your comment on Morgan Hills, please look into what is the total houses for sale and tell me what is the percentage of those houses has very low loan (up to 25% of the selling prices).
I completely agreed on Temecula will always command a higher prices compared to neighboring cities. Temecula has a best city government compared to the other, thus a better infrastructure. So people always willing to pay more to live in Temecula, I know I would.

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“Perhaps I am residing in a microcosm. This was a more expensive area initially and the buyers may have more liquid assets, thus this community may have longer to go before it crashes.”

You are definitely in the upper percentile of the population. This is basically a better educated/smarter group, that have more security and liquid asset to ride the storm out. I don’t think there are many of this example, if you take the percentage for the whole Temecula. Per your comment on Morgan Hills, please look into what is the total houses for sale and tell me what is the percentage of those houses has very low loan (up to 25% of the selling prices).
I completely agreed on Temecula will always command a higher prices compared to neighboring cities. Temecula has a best city government compared to the other, thus a better infrastructure. So people always willing to pay more to live in Temecula, I know I would.

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I beg to differ completely with you two. The one street in Morgan Hill and the other one in Wildomar might be filled with the 2% of the population that have the income and liquid asset to ride out the current situation, but that is small percentages of the population. I currently reside in the older part of Temecula (established older resident that probably were bought around 1990-1995), and on our street there are only 2 REO properties for sales (the places are being taken care off, so no dead grasses). However I just have a walk to the other side of street (not the same HOA) last time and the brown lawn properties struck me hard. Trashed lawn and wooden fences falling apart. Its sickening and sad.
Temecula is a great, however there is nothing to support the housing prices here. Seriously there is one fortune 100 company and then Costco or Macy (correct me if I am wrong). I don’t think you could afford a $400,000 house with Costco’s salary. Every Morning I looked at the jammed 15S frwy entrance, and feel sorry for those folks(been there). I don’t know about you, but if I am upside on my house and need to put up with all the commute to SD, I will more incline to turn over the keys (not considering the ARM reset if I took one of those)
On the other note, I likes some part of Winchester, which is closer to Temecula borders, but are concerned like what the other poster said about no HOA which could caused the whole neighborhood going bad

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I beg to differ completely with you two. The one street in Morgan Hill and the other one in Wildomar might be filled with the 2% of the population that have the income and liquid asset to ride out the current situation, but that is small percentages of the population. I currently reside in the older part of Temecula (established older resident that probably were bought around 1990-1995), and on our street there are only 2 REO properties for sales (the places are being taken care off, so no dead grasses). However I just have a walk to the other side of street (not the same HOA) last time and the brown lawn properties struck me hard. Trashed lawn and wooden fences falling apart. Its sickening and sad.
Temecula is a great, however there is nothing to support the housing prices here. Seriously there is one fortune 100 company and then Costco or Macy (correct me if I am wrong). I don’t think you could afford a $400,000 house with Costco’s salary. Every Morning I looked at the jammed 15S frwy entrance, and feel sorry for those folks(been there). I don’t know about you, but if I am upside on my house and need to put up with all the commute to SD, I will more incline to turn over the keys (not considering the ARM reset if I took one of those)
On the other note, I likes some part of Winchester, which is closer to Temecula borders, but are concerned like what the other poster said about no HOA which could caused the whole neighborhood going bad

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“Most sellers are in denial, and have to be for the preservation of their sanity…”

Good one bearv, I ‘ll remember that one next time before getting offended by the listing.

tg and golfpros, agreed about the first house pricing, however this person has to wake up a little. It showed he/she bought the place about $179K (2001), so take a smaller profit and get the place sold instead of lingering in the dust.

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