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Old 10-05-2009, 07:31 PM
 
Location: The High Seas
5,702 posts, read 7,142,789 times
Reputation: 6612

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What looks like good value in the real estate market? In another thread on Murrieta and Temecula, the posters who were listing current prices of decent housing appear to be correct that there are apparently some good deals there: $150K for a fairly new house. Prices really do appear to have come down in that area. Any other areas in CA where deals like that can be had?
Some local housing markets have taken a big hit, while others still are out of reach for most.
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Old 10-05-2009, 07:40 PM
 
Location: Las Flores, Orange County, CA
26,362 posts, read 55,166,325 times
Reputation: 16365
"Deal" usually implies getting a bargain in a financial transaction.

Are you really looking for the cheapest housing in $/sqft?

Which is better? Buying a Newport Beach home for $1M while all the neighbors recently paid $2M, or buying a 3000 sqft home in Barstow for $200K while the Barstow neighbors also paid $200K for a similar home?
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Old 10-05-2009, 08:02 PM
 
Location: The High Seas
5,702 posts, read 7,142,789 times
Reputation: 6612
I was thinking for the average Californian family not making six figures who will still be priced out of Newport Beach. Murietta and that area wouldn't be a bad place to live for the average resident. Job requirements dictate where many people live, but for those who can transfer their work easily enough in this economy, might benefit by a move and house purchase in a good-value housing market.
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Old 10-05-2009, 09:08 PM
 
Location: Las Flores, Orange County, CA
26,362 posts, read 55,166,325 times
Reputation: 16365
Quote:
Originally Posted by Snort View Post
I was thinking for the average Californian family not making six figures who will still be priced out of Newport Beach. Murietta and that area wouldn't be a bad place to live for the average resident. Job requirements dictate where many people live, but for those who can transfer their work easily enough in this economy, might benefit by a move and house purchase in a good-value housing market.
I don't know those areas but are there jobs in them, or are a lot of those people commuting to the work centers? Palmdale is cheap but a lot of those folks commute to the Los Angeles area.
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Old 10-06-2009, 02:31 AM
Status: "SF Giants own you" (set 19 days ago)
 
Location: San Leandro
4,573 posts, read 4,639,280 times
Reputation: 3241
Upscale sacramento suburbs, there some steals going on right now. Good schools, safe streets, low crime!!
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Old 10-10-2009, 05:38 AM
 
1,159 posts, read 2,366,106 times
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The Murietta and Temecula areas feature tons of foreclosures. So housing there should be pretty affordable. However, unless you can find something local jobwise, the commutes to work from those places will be rather bearish.
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Old 10-10-2009, 12:03 PM
 
1,309 posts, read 3,936,277 times
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In general, housing will be cheapest in areas that are losing population. When the rate at which housing stock is being vacated increasingly outsizes the rate of in-migration, your going to have falling prices. So the mixed blessing is that you can buy into a community that everyone else is itching to get out of at a relatively low price.
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Old 11-14-2009, 04:11 PM
 
1 posts, read 6,649 times
Reputation: 10
If you would like a weekly list of some great deals check out this website, [URL="http://www.houseroamer.com"]House Roamer[/URL]. It updates every week and has a lot of great buys!

It is a young site but try it out!
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Old 11-14-2009, 05:01 PM
 
Location: Under Mount Doom
9,115 posts, read 5,955,195 times
Reputation: 4656
Quote:
Originally Posted by Snort View Post
What looks like good value in the real estate market? In another thread on Murrieta and Temecula, the posters who were listing current prices of decent housing appear to be correct that there are apparently some good deals there: $150K for a fairly new house. Prices really do appear to have come down in that area. Any other areas in CA where deals like that can be had?
Some local housing markets have taken a big hit, while others still are out of reach for most.
What's your end game here? Are you looking for a residence, or are you a @R##@$#$@# RE flipper? Your questions are so broad, it suggests the latter. If so, please move along, flippers have nearly ruined the state and the country. California needs to be weaned from this sleazy form of commerce and get back to actually doing innovation.

If the answer to the second part of that question is no, my apologies, but you will need to provide more info than just were are the deals. What are you looking for specifically in the property?
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Old 11-14-2009, 05:08 PM
 
Location: The High Seas
5,702 posts, read 7,142,789 times
Reputation: 6612
Flipper is in Florida with Bud. Up to no good, no doubt.
I'm going to be water-based on a boat. If that doesn't go too well, I'd like to move to a place where I can afford a land-based home. I've got a job that gives me a great deal of leeway (*nautical term) on where to move.
I'm also a frugal SOB, so I don't want to be saddled with a huge mortgage; not even a big or medium-sized one.
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