[temeculaguy]

bsrsharma, it was in Temecula and it was the temecula valley school district, my personal handicap is that I need to be within the boundaries of specific schools within that district so as to not disrupt my teens lives and also because I prefer it here for a number of other personal reasons. There are plenty of high performing schools in the Temecula and Murietta districts. My comments were just the frustration that the prices seem to decline every mile or two as you travel North but I don’t want to move outside of a few square miles so I can’t take advantage of the more dramatic declines but I did admit I was turning into a greedy bastard and I want what i want in a specific area for prices that are in another area. It will get here, it’s just taking longer and there really isn’t enough of a reason it hasn’t moved south because it is essentially the same area. The $111 a sq has not been spotted yet where I want be (it’s still 125 to 150) and don’t hold you breath for that in nice suburbs of S.D., we are an exurb of S.D. and it only works for people with specific jobs that fortunately I have but most do not so it’s cheaper here.

Even in a year or two when S.D. starts to fold under the pressure it won’t ever reach these pricing levels in the nicer areas.

[temeculaguy]

bsrsharma, it was in Temecula and it was the temecula valley school district, my personal handicap is that I need to be within the boundaries of specific schools within that district so as to not disrupt my teens lives and also because I prefer it here for a number of other personal reasons. There are plenty of high performing schools in the Temecula and Murietta districts. My comments were just the frustration that the prices seem to decline every mile or two as you travel North but I don’t want to move outside of a few square miles so I can’t take advantage of the more dramatic declines but I did admit I was turning into a greedy bastard and I want what i want in a specific area for prices that are in another area. It will get here, it’s just taking longer and there really isn’t enough of a reason it hasn’t moved south because it is essentially the same area. The $111 a sq has not been spotted yet where I want be (it’s still 125 to 150) and don’t hold you breath for that in nice suburbs of S.D., we are an exurb of S.D. and it only works for people with specific jobs that fortunately I have but most do not so it’s cheaper here.

Even in a year or two when S.D. starts to fold under the pressure it won’t ever reach these pricing levels in the nicer areas.

[temeculaguy]

Don’t kid yourself about the diversity. I will give you an amen on the high school and it’s academic perfomance, with an API well over 800 it is one of the best performing public schools you can send your kids to. But this thread started with a desire to find racial and socioeconomic diversity in a school that the original poster was looking for. If that truly is what she wants, she may feel good about hearing things are diverse and be able to rationalize her idealism but you really need to look at the facts. Taking westview high since it was mentioned I analyzed the data. Look at the numbers, this school does well for a variety of reasons but it benefits from socioeconomic advantage and it does not mirror the county demographics. Facts are facts, it is almost exclusively a white and asian school in a county that is not. African American and Hispanic 15-17 year olds make up half of the 15-17 year olds in San Diego County, yet combined they make up less than 10% of the student population at this school and most of the other Poway Schools. Only 89 students are considered poor (read free lunch program) a comparison of Chula Vista High 1163 of the 1894 students were considered poor which is 10x the percentage of this school. The stats below pulled from the state and county websites. If the question here was can I send my kid to school with rich white and asian kids, then you found it, but that was not her question. I don’t know if it is possible to find what she is looking for but this isn’t it.

Westview high’s 1584 students that took the 2006 API according to the state department of education
Over 1300 of those students are white, asian or filipino.

African American (not of Hispanic origin) 46
American Indian or Alaska Native 4
Asian 331
Filipino 153
Hispanic or Latino 109
Pacific Islander 12
White (not of Hispanic origin) 881
Socioeconomically Disadvantaged 89

Countywide stats from SANDAG by race for 15-17 year olds

African American 8,421
American Indian 716
Asian, pac islander and filipino combined 11,886
white 53,916
hispanic 51,214

[temeculaguy]

Don’t kid yourself about the diversity. I will give you an amen on the high school and it’s academic perfomance, with an API well over 800 it is one of the best performing public schools you can send your kids to. But this thread started with a desire to find racial and socioeconomic diversity in a school that the original poster was looking for. If that truly is what she wants, she may feel good about hearing things are diverse and be able to rationalize her idealism but you really need to look at the facts. Taking westview high since it was mentioned I analyzed the data. Look at the numbers, this school does well for a variety of reasons but it benefits from socioeconomic advantage and it does not mirror the county demographics. Facts are facts, it is almost exclusively a white and asian school in a county that is not. African American and Hispanic 15-17 year olds make up half of the 15-17 year olds in San Diego County, yet combined they make up less than 10% of the student population at this school and most of the other Poway Schools. Only 89 students are considered poor (read free lunch program) a comparison of Chula Vista High 1163 of the 1894 students were considered poor which is 10x the percentage of this school. The stats below pulled from the state and county websites. If the question here was can I send my kid to school with rich white and asian kids, then you found it, but that was not her question. I don’t know if it is possible to find what she is looking for but this isn’t it.

Westview high’s 1584 students that took the 2006 API according to the state department of education
Over 1300 of those students are white, asian or filipino.

African American (not of Hispanic origin) 46
American Indian or Alaska Native 4
Asian 331
Filipino 153
Hispanic or Latino 109
Pacific Islander 12
White (not of Hispanic origin) 881
Socioeconomically Disadvantaged 89

Countywide stats from SANDAG by race for 15-17 year olds

African American 8,421
American Indian 716
Asian, pac islander and filipino combined 11,886
white 53,916
hispanic 51,214

[temeculaguy]

Awesome offer Gary, rather than say “I want to pay Less” you made a cogent argument why they should consider your extremely low offer. I would be shocked if they entertained it but you never know they may counter with 150 or 160 and you can see where their head is at. Go get pre-qualified just so you don’t have to mention that you are not qualified in the beginning of your offer, it makes you more of a player if you can get it off their books in 30 days and throw in the gang members on the steps to the complex in your next offer, they may have never actually seen it and it will scare them, throw in the police case number of the carjacking or a link to the news article, make them feel they are never going to get rid of this thing. Go to megans law website, there are two sex offenders at 675 E. Bradley, one rapist and one child molestor, throw that in for good measure

[temeculaguy]

Awesome offer Gary, rather than say “I want to pay Less” you made a cogent argument why they should consider your extremely low offer. I would be shocked if they entertained it but you never know they may counter with 150 or 160 and you can see where their head is at. Go get pre-qualified just so you don’t have to mention that you are not qualified in the beginning of your offer, it makes you more of a player if you can get it off their books in 30 days and throw in the gang members on the steps to the complex in your next offer, they may have never actually seen it and it will scare them, throw in the police case number of the carjacking or a link to the news article, make them feel they are never going to get rid of this thing. Go to megans law website, there are two sex offenders at 675 E. Bradley, one rapist and one child molestor, throw that in for good measure

[temeculaguy]

GN and Perry, you are both right, dropping values will continue as will rents. I have a unique situation with needing to be in a specific shool boundary which contains no apartments so the rental market is tight with the few sfr’s for rent. I am hesitant to enter into a new one year lease and have about six months to decide on a new lease or buy. I just looked at a brand new 2800 sq ft where I want it to be for 400k with all the upgrades(down from 500k last year) and comparable rent would be 2k and a new 1900 sq ft for 330k where comparable rent would be 1700. While I think S.D. has a year or two to unwind, here in the outskirts it is in full swing and the rent to buy numbers get closer every day. At this point in time there is still a gap in the specific place I need to be but when those numbers meet in the middle I will pull the trigger, I am not in it to get rich, just pay a fair price and have a comfortable conventional mortgage, I think that is all anyone can ask for. A year ago this is what I was hoping for, now that is has come down I am a little greedy for more but if it comes down another 50k on both examples above I doubt I’ll be able to hold off.

[temeculaguy]

GN and Perry, you are both right, dropping values will continue as will rents. I have a unique situation with needing to be in a specific shool boundary which contains no apartments so the rental market is tight with the few sfr’s for rent. I am hesitant to enter into a new one year lease and have about six months to decide on a new lease or buy. I just looked at a brand new 2800 sq ft where I want it to be for 400k with all the upgrades(down from 500k last year) and comparable rent would be 2k and a new 1900 sq ft for 330k where comparable rent would be 1700. While I think S.D. has a year or two to unwind, here in the outskirts it is in full swing and the rent to buy numbers get closer every day. At this point in time there is still a gap in the specific place I need to be but when those numbers meet in the middle I will pull the trigger, I am not in it to get rich, just pay a fair price and have a comfortable conventional mortgage, I think that is all anyone can ask for. A year ago this is what I was hoping for, now that is has come down I am a little greedy for more but if it comes down another 50k on both examples above I doubt I’ll be able to hold off.

[temeculaguy]

Flyer, it was a builder and it was in Temecula. While the R/E market is more fragile here the financing rules are more universal, on another board they are posting some internal memmos about tightening standards that are inline with what I am seeing and hearing. The “have a pulse and you qualify” days seem to be ending and that is goig to hurt sellers. Now you have to not only find someone who wants your house, you have to find someone that can afford it.

[temeculaguy]

Flyer, it was a builder and it was in Temecula. While the R/E market is more fragile here the financing rules are more universal, on another board they are posting some internal memmos about tightening standards that are inline with what I am seeing and hearing. The “have a pulse and you qualify” days seem to be ending and that is goig to hurt sellers. Now you have to not only find someone who wants your house, you have to find someone that can afford it.

[temeculaguy]

I just noticed that they are real close to the freeway, that has to hurt a little but I also noticed that they are actually 3600 sq so it’s $111 a sq ft and they have been on the market for 36 days, good ole zillow has the zestimate at 700k.

Waiting Hawk, have you seen these? This might end up being the free beer 50% off peak winners.

[temeculaguy]

I just noticed that they are real close to the freeway, that has to hurt a little but I also noticed that they are actually 3600 sq so it’s $111 a sq ft and they have been on the market for 36 days, good ole zillow has the zestimate at 700k.

Waiting Hawk, have you seen these? This might end up being the free beer 50% off peak winners.

[temeculaguy]

Nice find!!! These are not too good to be true but more than likely they are from the CORE scam because the orange county repo realtor is the same and had the same listing day. Two model matches in the same tract have been sitting on the market at 490k 104 day and 465k 73 days. They have green lawns and will have warranties, etc. An “as is” repo with a dead lawn has to price itself below those others so both at 395k is a way to move them. I have no familiarity with this neighborhood but they went off new in 2004 in the 500’s and looks like the 630k in 2005 but those were like CORE scam inflated prices (they would pay 100k over list and get a loan then pocket the 100k, and run, leaving the investor with ruined credit) see other posts for the details but you can’t use the 630k price as a baseline to determine 235k loss because 100k of it was fraud. It still represents hell of a deal if the neighborhood works for you, 395k asking for 3200 sq ft, 3 car garage almost new house is not bad. But I don’t want to live in Murietta, when in the heck is that going to happen in Temecula, I wan’t an oompa loompa and I want one now!

If that was just 15 miles south I’d probably be over there today looking at it and offering 350k because that is now inline with rent almost.

[temeculaguy]

Nice find!!! These are not too good to be true but more than likely they are from the CORE scam because the orange county repo realtor is the same and had the same listing day. Two model matches in the same tract have been sitting on the market at 490k 104 day and 465k 73 days. They have green lawns and will have warranties, etc. An “as is” repo with a dead lawn has to price itself below those others so both at 395k is a way to move them. I have no familiarity with this neighborhood but they went off new in 2004 in the 500’s and looks like the 630k in 2005 but those were like CORE scam inflated prices (they would pay 100k over list and get a loan then pocket the 100k, and run, leaving the investor with ruined credit) see other posts for the details but you can’t use the 630k price as a baseline to determine 235k loss because 100k of it was fraud. It still represents hell of a deal if the neighborhood works for you, 395k asking for 3200 sq ft, 3 car garage almost new house is not bad. But I don’t want to live in Murietta, when in the heck is that going to happen in Temecula, I wan’t an oompa loompa and I want one now!

If that was just 15 miles south I’d probably be over there today looking at it and offering 350k because that is now inline with rent almost.

[temeculaguy]

GN, Yes. I meant that they have no concern for making her brother any money and when I see foreclosures list they seem to be based on what was owed, all the back interest, taxes, selling fees, legal fees and agent commision, figure it out and that’s what they will take. They won’t stay on the market for one extra day to save the comps or make money for the borrower (which they are entitled to if there is profit.)

I see alot of repos make it to the MLS that are over the comps and I came to the realization that they aren’t picking a price based on what a normal seller would, they are using their spreadsheet of what they have in it to decide pricing, then when it doesn’t sell they adjust downward until it sells.

The people accross the street moved out last week but they were upside down so I’ll just wait to see what that one lists at. Has anyone here ever contacted the lender on a repo before it gets on the mls? Is there a benefit to that?

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