[temeculaguy]

Flu, squatting is out but a nice idea, I’m a running water kind of guy.

Snail, I kinda like the castle thingy, I plan on getting a paper crown from burger king and putting it on to answer the door.

Bear, I’m with you but affordability isn’t the issue, 400k isn’t a stretch, but 300k would allow me even more discretionary income to invest (or spend on drinking, gambling and women of ill repute, o.k maybe not ill repute but below standard repute for sure). I actually laugh at my own frugality because I already did what you suggested, lived like a pauper on a kings salary and eventually gave in and rented something reasonable, my pauper days are over but it is still good advice. Realistically I can afford suitable housing, I’m just a cheap bastard who’s little bubble theory is getting to the point of insanity. I’m well into the six figures, no debt, loads of cash in money market accounts and stocks and I’m hemming and hawing over another 50k drop in prices, I feel almost petty. I agree that the the uber bears hoping for $75 houses are dreaming but is 300k out of line for the properties I listed? It’s no longer about money, my strategy has paid off thus far and have saved 200k, now it’s about winning, no matter where I buy I wan’t to have paid the least, dammit. It’s all about respect at the block party. Respected by men, desired by women, you get the picture, it’s down to ego now.

[temeculaguy]

Before you get your panties in a bunch, read the fine print. This panel forwarded proposals, nothing was passed and the panel has no power or money. This is an advisory panel that exists for the sole purpose of positive media spin. The City of San Diego doesn’t have the money to price fix the chocolate milk supply, let alone the price of real estate. The County is a little busy with the fire aftermath and it will spend it’s discretionary dollars to help those burned out, not foreclosed on. In fact assisting in the rebuilding of housing units is a contradiction to to trying to control supply, but they will do it.

No branch of the government can control the price of housing, the invisible hand of economics is not a bedtime story, it is an economic law that has never been denied despite great efforts. Local government cannot print money and does not have the ability to pull financial levers like the federal government and they have proven powerless. I wouldn’t plan my life around a local government advisory panel and I wouldn’t have given it any of my time had you not panicked over it, calm down, all is well, it’s just noise.

[temeculaguy]

Before you get your panties in a bunch, read the fine print. This panel forwarded proposals, nothing was passed and the panel has no power or money. This is an advisory panel that exists for the sole purpose of positive media spin. The City of San Diego doesn’t have the money to price fix the chocolate milk supply, let alone the price of real estate. The County is a little busy with the fire aftermath and it will spend it’s discretionary dollars to help those burned out, not foreclosed on. In fact assisting in the rebuilding of housing units is a contradiction to to trying to control supply, but they will do it.

No branch of the government can control the price of housing, the invisible hand of economics is not a bedtime story, it is an economic law that has never been denied despite great efforts. Local government cannot print money and does not have the ability to pull financial levers like the federal government and they have proven powerless. I wouldn’t plan my life around a local government advisory panel and I wouldn’t have given it any of my time had you not panicked over it, calm down, all is well, it’s just noise.

[temeculaguy]

Before you get your panties in a bunch, read the fine print. This panel forwarded proposals, nothing was passed and the panel has no power or money. This is an advisory panel that exists for the sole purpose of positive media spin. The City of San Diego doesn’t have the money to price fix the chocolate milk supply, let alone the price of real estate. The County is a little busy with the fire aftermath and it will spend it’s discretionary dollars to help those burned out, not foreclosed on. In fact assisting in the rebuilding of housing units is a contradiction to to trying to control supply, but they will do it.

No branch of the government can control the price of housing, the invisible hand of economics is not a bedtime story, it is an economic law that has never been denied despite great efforts. Local government cannot print money and does not have the ability to pull financial levers like the federal government and they have proven powerless. I wouldn’t plan my life around a local government advisory panel and I wouldn’t have given it any of my time had you not panicked over it, calm down, all is well, it’s just noise.

[temeculaguy]

Before you get your panties in a bunch, read the fine print. This panel forwarded proposals, nothing was passed and the panel has no power or money. This is an advisory panel that exists for the sole purpose of positive media spin. The City of San Diego doesn’t have the money to price fix the chocolate milk supply, let alone the price of real estate. The County is a little busy with the fire aftermath and it will spend it’s discretionary dollars to help those burned out, not foreclosed on. In fact assisting in the rebuilding of housing units is a contradiction to to trying to control supply, but they will do it.

No branch of the government can control the price of housing, the invisible hand of economics is not a bedtime story, it is an economic law that has never been denied despite great efforts. Local government cannot print money and does not have the ability to pull financial levers like the federal government and they have proven powerless. I wouldn’t plan my life around a local government advisory panel and I wouldn’t have given it any of my time had you not panicked over it, calm down, all is well, it’s just noise.

[temeculaguy]

FLU, that was absolutely wonderful, thanks for the link. I also watched “It’s credit and it’s crunchy” but the video quality of that one was a little jumpy but still hilarious. These guys are the Monty Python meets CNBC and I loved it, high comedy.

[temeculaguy]

FLU, that was absolutely wonderful, thanks for the link. I also watched “It’s credit and it’s crunchy” but the video quality of that one was a little jumpy but still hilarious. These guys are the Monty Python meets CNBC and I loved it, high comedy.

[temeculaguy]

FLU, that was absolutely wonderful, thanks for the link. I also watched “It’s credit and it’s crunchy” but the video quality of that one was a little jumpy but still hilarious. These guys are the Monty Python meets CNBC and I loved it, high comedy.

[temeculaguy]

FLU, that was absolutely wonderful, thanks for the link. I also watched “It’s credit and it’s crunchy” but the video quality of that one was a little jumpy but still hilarious. These guys are the Monty Python meets CNBC and I loved it, high comedy.

[temeculaguy]

Ditto what bsrsharma said, that particular house is within walking distance to a few square blocks of low income/high crime aging apartments (oak, bonair, montemar). On the map it looks close to some nicer streets such as Vista Grande and Warmlands but it doesn’t connect by road or foot so it is more a part of the barrio than the nicer customs on the hill, in person you would be able to see that. Having not been there for a few years, it looks like a fill in street in a rotton location. In Vista, choose Shadowridge if you have kids or get further out in the hills if you don’t. a good rule of thumb is that if you can’t succesfully walk the dog and avoid being shot at, it’s not worth 600k.

[temeculaguy]

Ditto what bsrsharma said, that particular house is within walking distance to a few square blocks of low income/high crime aging apartments (oak, bonair, montemar). On the map it looks close to some nicer streets such as Vista Grande and Warmlands but it doesn’t connect by road or foot so it is more a part of the barrio than the nicer customs on the hill, in person you would be able to see that. Having not been there for a few years, it looks like a fill in street in a rotton location. In Vista, choose Shadowridge if you have kids or get further out in the hills if you don’t. a good rule of thumb is that if you can’t succesfully walk the dog and avoid being shot at, it’s not worth 600k.

[temeculaguy]

Ditto what bsrsharma said, that particular house is within walking distance to a few square blocks of low income/high crime aging apartments (oak, bonair, montemar). On the map it looks close to some nicer streets such as Vista Grande and Warmlands but it doesn’t connect by road or foot so it is more a part of the barrio than the nicer customs on the hill, in person you would be able to see that. Having not been there for a few years, it looks like a fill in street in a rotton location. In Vista, choose Shadowridge if you have kids or get further out in the hills if you don’t. a good rule of thumb is that if you can’t succesfully walk the dog and avoid being shot at, it’s not worth 600k.

[temeculaguy]

Ditto what bsrsharma said, that particular house is within walking distance to a few square blocks of low income/high crime aging apartments (oak, bonair, montemar). On the map it looks close to some nicer streets such as Vista Grande and Warmlands but it doesn’t connect by road or foot so it is more a part of the barrio than the nicer customs on the hill, in person you would be able to see that. Having not been there for a few years, it looks like a fill in street in a rotton location. In Vista, choose Shadowridge if you have kids or get further out in the hills if you don’t. a good rule of thumb is that if you can’t succesfully walk the dog and avoid being shot at, it’s not worth 600k.

[temeculaguy]

Point taken 4plex but when determining rental rates for condos in this zip code comparing them to the prices in downtown S.D. is irrelevent. The Pechanga casino employs 7,500 people and almost all of them commute to Temecula because of the limited rentals. There is a whopping one apartment building (condo reverse conversion to rentals) the condo complex the thread was about and two more condo complexes under construction but all are individually owned so it’s mom and pop landlords and finding one for rent is actually rare. The rest require freeway commuting and there aren’t that many within the valley. Many of those employees make a decent living with tips but they aren’t going to be able to buy because they are the stated income type and it’s not enough to buy something but it is enough to rent. I know it may seem hard to believe but when I went looking at rentals I visited the new apartments on 79S and found the 3 br 1,200 sq ft that you climb stairs and get a carport spot was going for 1800. a 1br was about 1400 and a 2br was 1600, they knock a hundred a month off with a 1 yr lease or something like that. I asked how they could ask so much and they told me they are the only apartment building in the zip code (over 40k people), that you have to drive to Rancho California Road to find the next one. I looked at it and realized that people with careers commute, people with jobs try to rent close to work. It is a different mentality and those 30k to 50k earners can’t buy and would rather not drive. The condo’s referred to in this thread are 1400-1675 sq ft tri plexes, all with attached two car garages and 2 of the three plans have backyards. I consider them to be more valuable to a renter than stacked apartments with a carport. Ignore the prices because the sellers are nuts but here are examples of the two places. The second one that is for sale is the complex that chaged gears and became apartments for the second phase but it is a few blocks and in a different gated area from the ones they sold, however they are pretty much the same and going for those ridiculous rental rates. If you are able to find one of the first complex for under 130k in the next five years, you will have my undying admiration and the beer is on me, I just don’t see it happening.

http://www.redfin.com/stingray/do/printable-listing?listing-id=717384

http://www.redfin.com/stingray/do/printable-listing?listing-id=1262510

[temeculaguy]

Point taken 4plex but when determining rental rates for condos in this zip code comparing them to the prices in downtown S.D. is irrelevent. The Pechanga casino employs 7,500 people and almost all of them commute to Temecula because of the limited rentals. There is a whopping one apartment building (condo reverse conversion to rentals) the condo complex the thread was about and two more condo complexes under construction but all are individually owned so it’s mom and pop landlords and finding one for rent is actually rare. The rest require freeway commuting and there aren’t that many within the valley. Many of those employees make a decent living with tips but they aren’t going to be able to buy because they are the stated income type and it’s not enough to buy something but it is enough to rent. I know it may seem hard to believe but when I went looking at rentals I visited the new apartments on 79S and found the 3 br 1,200 sq ft that you climb stairs and get a carport spot was going for 1800. a 1br was about 1400 and a 2br was 1600, they knock a hundred a month off with a 1 yr lease or something like that. I asked how they could ask so much and they told me they are the only apartment building in the zip code (over 40k people), that you have to drive to Rancho California Road to find the next one. I looked at it and realized that people with careers commute, people with jobs try to rent close to work. It is a different mentality and those 30k to 50k earners can’t buy and would rather not drive. The condo’s referred to in this thread are 1400-1675 sq ft tri plexes, all with attached two car garages and 2 of the three plans have backyards. I consider them to be more valuable to a renter than stacked apartments with a carport. Ignore the prices because the sellers are nuts but here are examples of the two places. The second one that is for sale is the complex that chaged gears and became apartments for the second phase but it is a few blocks and in a different gated area from the ones they sold, however they are pretty much the same and going for those ridiculous rental rates. If you are able to find one of the first complex for under 130k in the next five years, you will have my undying admiration and the beer is on me, I just don’t see it happening.

http://www.redfin.com/stingray/do/printable-listing?listing-id=717384

http://www.redfin.com/stingray/do/printable-listing?listing-id=1262510

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