Multi-Generational Living Making a Trendy Comeback in Rancho Bella Vista in Murrieta California

College student loan debt has topped consumer credit card debt. It’s been predicted student loan debt will be the next bubble to blow. I tend to agree with economist Peter Schiff that government guaranteed students loans are a trap. I discourage borrowing money under the guaranteed student loan program for many reasons. One is lack of job opportunities. Many college students can’t get a job after graduating, and if they do, it’s not enough to live and pay back their student loans. Defaulting on student loans is a living nightmare I wouldn’t want for anyone.

im with nerdOur college-bound 9th grader was given an achievement award (I'm With Nerd, t-shirt pictured left) for the top 10 highest grades of the freshmen class.

I can’t help bragging, but I’m a little concerned, too, at how to pay for college. Our California 529 college fund account looks dismal as we have not put in enough over the last 15 years to offset  the rising cost of tuition and room and board for California schools, which have gone up this last year.

See Cal State Fullerton 2012 cost of attendance chart.

I do question whether $100,000 is worth a four-year college degree. In at least one of my market areas in Southwest Riverside County California, you can buy a decent home for that price. Certainly there are other alternatives for college students, such as living with parents and commuting to school to save money and to avoid costly student loan debt. 

Multi-Generational Living May Indeed be a Solution to Rising Costs

I received an email from Lennar Homes about a few homes they have left in their new home inventory at Rancho Bella Vista in Murrieta, California. I’ve always liked Lennar homes because the purchase price includes the extras--digital wiring throughout, and details, such as bull-nosed corners, upgraded interior doors, recessed lighting, granite countertops, upgraded cabinets, gas fireplace, dual vanity sinks, separate tub and shower and walk-in closets in the master bedroom/bath.

Lennar advertises a new comeback trend in homes--multi-generational living. With Boomer generation getting older, having a place for their elders to live, or as in my own case, my grown adult child, might be a solution to the rising cost of living. Think price of gas per gallon, food, utilities, rent, and college attendance for today’s college student.

Lennar has a solution “The Home within a Home” – Rancho Bella Vista in Murrieta, California

If you’d like more information on Lennar’s multi-generational living at Rancho Bella Vista in Murrieta, California, please contact me direct at 951.491.4063. Prices start at $243,000 +. There are only a few left. Call now if you are interested.

 

Pamela Seley, REALTOR®
CA DRE lic # 01824145 | Dir 951.491.4063 | pamelaseley.com | Getting Your Temecula California Home In Order to Sell | ColorYourUniverse

Serving Southwest Riverside County California| Hemet/San Jacinto Valley, Temecula Valley, Murrieta, Menifee, Winchester, Lake Elsinore, Canyon Lake, Corona, Moreno Valley, Wildomar | Serving South San Bernardino County | Loma Linda, Highland

Find out what your home will sell for in today's market, contact Pamela Seley, REALTOR® at 951.491.4063 today.

rss buttonemail button

All information deemed reliable, but not guaranteed. Copyright © 2009-2013 by Pamela Seley, REALTOR® 

 

16 Comments on Multi-Generational Living Making a Trendy Comeback in Rancho Bella Vista in Murrieta California

MAR
10
2012
796,014 Points 5 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

In Silicon Valley, multi-generational living is very common, although maybe not yet trendy, as Multi-Generational Living Making a Trendy Comeback in Rancho Bella Vista in Murrieta California
8:15pm • #1
466,170 Points 50 Featured Posts Called Shot Master

Michelle, I think it has been here, too, but builders are now making it easier and appealing to a certain buyer. Thanks for your comment!
8:20pm • #2
1,156,357 Points 38 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Bonding never hurts, right? :o)

 

Love and light,

Laura
8:30pm • #3
466,170 Points 50 Featured Posts Called Shot Master

Laura, true, thank you,
8:34pm • #4
1,000,632 Points 43 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Pamela - There is a growing interest in guest houses and in-law quarters in my market area.  It's a sign of the economic times and the reluctance to take on debt if there is a better way.  I am happy to see builders on board with the growth of this trend.
8:39pm • #5
466,170 Points 50 Featured Posts Called Shot Master

Norma, I'm happy too to see builders get on board. I know casitas were very popular during our boom time, but builders built very few of those models.  Even today, buyers will ask if there are any resale homes available with a casita.  Thanks for your input,
8:43pm • #6
109,680 Points

The Norco and Corona areas of Riverside county have long been building developments geared towards multi-generational occupants. They provided this type of development for a culturally diverse population long before it was a economic consideration... 
9:30pm • #7
707,641 Points 47 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Pamela I was one of the lucky few, I went to three different Universities to finish my BA I had a Free Ride at USMA and I had grants at the other two Universities with minimal Loans. It is important to get an Education and it should not only be for the Few Privileged Children! Instead of all the waste of Government Spending it should be focused on inexpensive education for the next generation!
10:02pm • #8
623,759 Points 1 Featured Post Outside Blog

We give everyone with a hand out something whether food or education and we wonder how we are out of money
10:04pm • #9
378,672 Points 5 Featured Posts Attended Rain Camp Called Shot Master

It seems your taxes have been funding college tuition for hundreds of thousands of students over the years... unfortunately, your son isn't one of them.  Don't you love it when they take your money and spend it however they please? 

Sorry for the sarcasm... not meant to be pointed to you.  I'm just sour at the system.
10:36pm • #10
466,170 Points 50 Featured Posts Called Shot Master

Will, I wasn't aware of that. Thanks for your input.

Endre, like you I value education. 20 years ago I would say I drank the kool aid. I now believe that government should stay out of higher education. There should no government guaranteed student loans. If you watch the videos of Peter Schiff's radio show that I link above, there is a young woman 22 years old who is saddled with $190,000 of student loan debt! She is living a nightmare because she doesn't have a job that will pay for her living expenses and be able to pay her student loans. A four-year degree today does not guarantee a good paying job in any chosen field of study. Peter Schiff points out that if the government stopped getting involved the cost of higher education would drop so that it would be affordable to those who want to go to college. 

 
11:14pm • #11
466,170 Points 50 Featured Posts Called Shot Master

Hi Joyce, our entitlement culture has bankrupted our nation. Our current government administration has no problem living on extended credit. Eventually that credit is going to run out, and then what?

Cameron, I wouldn't recommend any young person going to college if they have to take out government guaranteed student loans. I believe I read somewhere it's about 25% of student loan debt is in default. This is the next bubble. If massive defaults,  what's the government going to do about it? It's like the saying you can't get blood out of a turnip. 

It's difficult to talk about this subject without getting political because the ties that bind real estate and education to the federal government are taking our rights away and turning Americans into either indentured servants or completely dependant on government handouts. It's criminal what's happening. That's why I plan to vote on June 5th, and November 2012. Anyone is better than who we've got running the show now. Thanks for your input, P.S. I'm a little bitter myself because I never in a million years thought my own government would be out to annihilate our individual freedoms. The U.S. Constitution has been put in the shredder.
11:26pm • #12
MAR
11
2012
589,064 Points 58 Featured Posts Outside Blog Called Shot Master

Pamela -- I believe you are absolutely correct in your observations/experiences of the looming student debt collapse -- it's only a matter of time.  On a brighter note, I believe multi-generational housing is an opportunity for builders -- it's very common for many cultures and I can see this trend expand especially in California.   
12:06am • #13
466,170 Points 50 Featured Posts Called Shot Master

Michael, yes on a brighter note, I agree, multi-generational homes will fulfill a need for many home buyers. I look forward to builders expanding on the trend! Thanks for your comment, :)
12:12am • #14
306,832 Points 32 Featured Posts Outside Blog Called Shot Master

Hi Pamela, I saw the floorplan from Lennar for their new multi-generational model and loved them. It gives everyone their private space without appearing "chopped up".

We still have a few years till our girls are college bound but I'm already thinking about that, too. I didn't pay any tuition in Germany - imagine that - 6 years of school and only paid a registration fee - but things are slowly but surely changing over there, too.

4:11pm • #15
466,170 Points 50 Featured Posts Called Shot Master

Andrea, wow, taxes in Germany must be high then? The time goes by so quickly. It seems like yesterday I was sending him off to Kindergarten. There are other ways to get an education than taking out ridiculous student loans. Just my two cents. I like Lennar homes. I haven't seen the models of these yet--might be worth a look this week. Buying a resale Lennar home would be a great deal right now. Thanks, hope you have a great week!
4:24pm • #16


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Mcsweeney%20farms%20trail Rainmaker_large

Pamela Seley, REALTOR® Call 951.491.4063 | Temecula Valley CA

Pamela Seley, REALTOR®

Temecula, CA

More about me…

Bassett & Associates, REALTORS®

Cell Phone: (951) 491-4063

Email Me

Pamela Seley's Temecula Valley California Real Estate Blog ~ Have a question about buying or selling real estate in Southwest Riverside County California? Call 951.491.4063 Locations of visitors to this page
View Pamela Seley, REALTOR® of Bassett and Associates, REALTORS® Service Area in a larger map


Listings

Links

Archives

RSS 2.0 Feed for this blog