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Updated over 4 years ago on . Most recent reply

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Brenna Wood
  • New Orleans, LA
6
Votes |
9
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Thinking of Buying in Temecula California

Brenna Wood
  • New Orleans, LA
Posted

My husband and I are moving to San Diego, CA at the end of this year. We are renting out our home that we plan to rent forever, and thinking of buying in Temecula area. The prices are way better than the city, and although its a far commute, we can make it work for now. We will live there definitely for 2 years, with a possibility of an additional 3 years.

Is it worth buying out there or would it be better to just rent and "throw away" our money in CA? We thought we would do the exact same thing we are doing here - buy, rent but eventually sell it in 7-10 years and cash out in CA with their insane market. I really don't know how to run these numbers if it makes financial sense. We talked with a broker and he thinks we are financially stable to buy a home in CA and rent it after we move, but we are pretty scare of the risks involved in owning a home across the country when we move back home.

We also don't want to be the safe people who never take a risk, and get nothing in return. Any input will be appreciated!

Most Popular Reply

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3,790
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4,454
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Cody L.
  • Rental Property Investor
  • San Diego, Ca
4,454
Votes |
3,790
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Cody L.
  • Rental Property Investor
  • San Diego, Ca
Replied

Not to be picky but Temecula is not San Diego. I live in San Diego. I have friends that live in The Mec. It’s an hour+ away. 

My friend finally got me go to up there. You know what’s up there? Something called tarantula hawlks. Ever hear of them? I hadn’t. Look them up. It’s the stuff of damn nightmares. :)

If you’re going to move to San Diego move to San Diego. Depending on what you like to do for fun, living 10000 miles away in BFE  will make you meseraible. 

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