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The-Shoveler
ParticipantNor_LA-Temcu-SD-Guy
If you look at places like Temecula Valley, we are already at 2002/2003 prices (if you shop around, ie.. anyone paying more than 400K or so in the Temecula valley for a now standard 3000sqf tract home is just not shopping, ie can you say sucker !!!)..
I think there are more area’s like Temecula in California than most think.
October 31, 2007 at 7:04 AM in reply to: 10% population in SD county are millionaires (exclude Primary RE)?! #93524ParticipantActually this is not that hard to believe, especially if you use inflated values of rental and investment properties.
That does not mean they will stay that way but if you use 2005 real-estate prices maybe.
October 31, 2007 at 7:04 AM in reply to: 10% population in SD county are millionaires (exclude Primary RE)?! #93557ParticipantActually this is not that hard to believe, especially if you use inflated values of rental and investment properties.
That does not mean they will stay that way but if you use 2005 real-estate prices maybe.
October 31, 2007 at 7:04 AM in reply to: 10% population in SD county are millionaires (exclude Primary RE)?! #93566ParticipantActually this is not that hard to believe, especially if you use inflated values of rental and investment properties.
That does not mean they will stay that way but if you use 2005 real-estate prices maybe.
Participant“There is just not enough income support for $300K+ homes in the “new” (classical) mortgage regime.”
Oddly enough, most of my neighbors in Wildomar tract I live in now have at least two homes, their latest most bought with cash (quick close bargain deal), Although these are more real estate savvy types, so I would say in the Temecula valley area, there is plenty of income to support 300K homes at least.
Participant“There is just not enough income support for $300K+ homes in the “new” (classical) mortgage regime.”
Oddly enough, most of my neighbors in Wildomar tract I live in now have at least two homes, their latest most bought with cash (quick close bargain deal), Although these are more real estate savvy types, so I would say in the Temecula valley area, there is plenty of income to support 300K homes at least.
ParticipantNor_LA-Temcu-SD-Guy
I think the question to ask is your lot half fill / half Cut, Usually the view homes are built on half fill/half cut lots, if you have a hill in your back yard it is most likly a cut lot,
If I was sitting on a half fill /half cut lot then I would think about earthquake insurance.
I look for a view home on a cut lot when I look to buy a home myself.
ParticipantNor_LA-Temcu-SD-Guy
I think the question to ask is your lot half fill / half Cut, Usually the view homes are built on half fill/half cut lots, if you have a hill in your back yard it is most likly a cut lot,
If I was sitting on a half fill /half cut lot then I would think about earthquake insurance.
I look for a view home on a cut lot when I look to buy a home myself.
ParticipantNor_LA-Temcu-SD-Guy
Temecula is a nice area to live, schools are good, and you may be able to find a real nice place for about 300K soon,
If you don’t have school age kids, think about South west Wildomar (agianst/next to the forest), it has South Temecula/Fallbrook like weather and you can find some real bargians in new home tracts there (but the schools are not so great).Good luck,
ParticipantNor_LA-Temcu-SD-Guy
Temecula is a nice area to live, schools are good, and you may be able to find a real nice place for about 300K soon,
If you don’t have school age kids, think about South west Wildomar (agianst/next to the forest), it has South Temecula/Fallbrook like weather and you can find some real bargians in new home tracts there (but the schools are not so great).Good luck,
ParticipantNor_LA-Temcu-SD-Guy
My Two cents,
The Fed will cut until the pain stops period …
inflation be damned I think will be the rallying call.
just my two cents, If you find a bargain, and you can afford it. go for it .. My feelings (no expert, just my gut) somewhere around 2003 prices would meet bargain status.
ParticipantNor_LA-Temcu-SD-Guy
My Two cents,
The Fed will cut until the pain stops period …
inflation be damned I think will be the rallying call.
just my two cents, If you find a bargain, and you can afford it. go for it .. My feelings (no expert, just my gut) somewhere around 2003 prices would meet bargain status.
October 17, 2007 at 3:56 PM in reply to: “It’s going to be a long time before we see it bottom out and recover” #89691ParticipantNor_LA-Temcu-SD-Guy
The thing that worries me is what I think I (as well as a lot of others) are seeing in the finance markets (stocks and fixed incomes), I have said this before and I will state it here again, I think the Fed/Government knows there cannot be allowed a serious economic downturn (and therefore there is much control in verious forms going on) for several reasons,
1) By 2003 Pension funds were going belly up in record numbers because of the stock market decilnes (The fed just cannot affort to bail these out)
2) The economy is seen as a large part of the war on terror (it cannot be allowed to fail in any significant way).
3) The risks here is that the U.S.A. would lose and never be able to regain it’s world leader status (think USSR).
I believe there will be continuous heroic efforts to avoid any serious economic downturn.
October 17, 2007 at 3:56 PM in reply to: “It’s going to be a long time before we see it bottom out and recover” #89699ParticipantNor_LA-Temcu-SD-Guy
The thing that worries me is what I think I (as well as a lot of others) are seeing in the finance markets (stocks and fixed incomes), I have said this before and I will state it here again, I think the Fed/Government knows there cannot be allowed a serious economic downturn (and therefore there is much control in verious forms going on) for several reasons,
1) By 2003 Pension funds were going belly up in record numbers because of the stock market decilnes (The fed just cannot affort to bail these out)
2) The economy is seen as a large part of the war on terror (it cannot be allowed to fail in any significant way).
3) The risks here is that the U.S.A. would lose and never be able to regain it’s world leader status (think USSR).
I believe there will be continuous heroic efforts to avoid any serious economic downturn.
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