I was asked this question today from a sign call today (God love them) and I really had to pause. The area code was an Orange County number and I wondered if it was a trick question. Then I really told her what I thought.
Rainbow and Fallbrook are adorable! They are very quaint, they have lots of culture and events and history. IF you don't mind being two and a half miles away from a main road and like gorgeous views, no overbearing Home Owners Assocation rules, and peace and quiet, then Rainbow is an excellent choice for you.
What about fires? Who is California doesn't have to worry about fires? Of course check with your mortgage professional to see if you are going to need additional fire insurance for your property.
Otherwise, I say, go for it!! Take the plunge. If living in a small cabin on the top of a mountain in a quiet, private area away from the hustle and bustle, then this is a great area super close to several metropolitan areas. Its beautiful up here. I don't think you'll want to leave!
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