San Diego Housing Bubble News and Analysis

No worries Josh when you go to the meet up and get your ass kicked all the way to Jamul. I'll let you crash on the couch and give you a ride home the next day. Hell why don't we make things easy, drive out to Jamul I'll kick your ass and you can drive home.
You feel better now?

BTW, schadenfreude: way over used lately, can you come up with a new one.

rotflmao

Schadenfreude - satisfaction or pleasure felt at someone else's misfortune.

If there is a better word out there to capture the "zeitgeist" of the moment, I'd love to know about it. Sure its overused, but indulge me. I'm a JBR (Jealous Bitter Renter.) I've lived in shithole apts the navy wouldn't kennel their sailors in for years to save money for a home.

Ultimately I'm just as offended by the reactionary sky is falling uber-bears as I am the kind hearted people who just want to get along. I own a shotgun and hope to dog I never have to use it, or revert to using salt as currency. Sorry 4plexowner, if it gets that bad, gold will be pretty worthless. Salt and toilet paper are my bets.

We are at the start of some very interesting times. We are going to endure inflation, deflation, and probably a lot of mental masturbation at the same time! Fuck it, if you bought a house that you couldn't afford on a 30 year fixed, I have no sympathy for you and neither should anybody else. Whats the point of a social hierarchy if the Fed-Ex driver and the manual laborer can just jump to the head of the line.

Lets re-allocate some resources shall we, or at least watch with fascination while it happens. I may live in a shitbox apartment in Northpark, but I'm debt free and waiting.

Josh

Hoo-frickin'-ah! That's the spirit!

What kind of shotgun? I own a Remington 870 Police and I agree completely with the toilet paper and salt sentiment. If it all goes to hell in a handbasket, I am cruising down to the local Albertson's with my Remmie pump gun (the new American Express Card - "Don't leave home without it!") and stocking up on bottled water, Chef Boy-ar-dee products and TP.

There is this poem on another blog:

I see a dead cat a risin'
I see trouble on the way
I see copper thieves obligin'
I see more flat screens on Ebay

Don't go long tonight
Cause you'll grab a fallin' knife
there's a dead cat on the rise

I hear pension funds implodin'
I know the end is coming soon
I'll see my short funds overflowin'
Bloomberg proclaiming rage & ruin

Don't go long tonight
Cause you'll grab a fallin' knife
there's a dead cat on the rise ... oh yeah

Hope you got your cash together
Hope you are quite prepared to die
Kudlow will soon be tarred and feathered
One eye is taken for an eye

Don't go long tonight
Cause you'll grab a fallin' knife
There's a dead cat on the rise

There is even a video at http://calculatedrisk.blogspot.com/2007/...

Well pencil me in for the next meet up, lets see, I can watch Rustico kick Josh's ass, I know what type of ammo to bring Alan and I know that I love chef boyardee, salt and toilet paper, in that order. Looking at the menu I'm thinking an 85 Mouton would be the perfect pairing for beefaroni and shotguns, let me check the cellar.

temeculaguy: I like the Coppola Claret (2004 vintage, please) with my Beefaroni.

Oh, and bring 12 gauge in either 3" Magnum slug or 00 buckshot.

Around 7:00ish work for you?

We are what we believe and what we say. Believing and saying something anonymously is directly counter to this. If you think you are truly anonymous, think again. There are so many ways that others could find out who you are that it would make your head spin. If someone really wants to get the dirt on you, they will. My philosophy is to believe in what you say (or write) and be willing to stick to your guns.

Well I am perfectly fine sticking to my guns that the Mouton will beat the Coppola (actually the 85 is a ruse and can be had for $200, the 86 will set you back a grand), but if Alan has a regional pallate, I'll oblige. Alan, if the world ever does go to hell in a handbasket, e-mail me and I'll prepare a list, Dinty Moore beef stew/73 stags leap, spam/95 margaux, still working on the beef jerky and twinkie pairings, I'm partial to the 20 year tawneys but if the remmie discount applies there are some sautuernes I think will just set off the flavor of the cream filling.

Temeculaguy, if you buy first growths, Costco on Morena has them. They have: 04 Lafite, Mouton, Cheval Blanc and Haut Brion. I got one of the Lafite just because the 05 is going to be 750/bottle. The 04s are a steal comparatively and from a good if not outstanding year.

Mostly I stick to Italian for the good stuff as you get much better deals on Barolo and even Brunello than Bordeaux.

Not sure which goes better with Chef Boyardee.

Josh

temeculaguy: Having grown up in the SF/Bay Area, I will admit that I'm partial to the offerings from Napa and Sonoma. I am also opposed to anything that Parker recommends on both principle and taste.

The Costco in Temecula actually has a pretty good selection as well, Josh. Unfortunately, California wines are in the same position that French wines were in the 1980s: Overpriced and overvalued and about to be overtaken by more reasonably priced competitors (California in the case of the French wines; Chile, Argentina and Australia in the case of California wines).

Twinkie filling is the best, isn't it? We might be veering off into "Mad Max" territory here a little, though. I'm not sure that the end of Western Civ as we know it is nigh. On the safe side, I have staked out a section of the canned goods aisle at Albertson's just in case.

95 margaux...mmmmm those were the days...

Actually, a good Belgian beer seems to go best with beefaroni. I recommend Kasteel Tripel - clear, crisp and strong. Delightful.

Oh, and the biggest bottle of Tabasco Green you can find.

:) -cm

Cameron Hughes!! Costco's answer to Charles Shaw. Most are actually $20-$40 wine bought from higher end wineries and sold exclusively at costco in the $10 range. They are numbered by lot, none are grown by cameron, he's a broker, every costco get only a few dozen cases, once they are gone, that's it, never again and sometimes they only last a few days. Then a few weeks later another one is released. Cool business model, no marketing, costco prepays for his entire stock.

http://www.chwine.com/

I don't know if costco makes much margin but the gimmick makes me drop into various costcos whenever I pass one just to see what they have. I am not quite to the point where i buy one and drink it in the parking lot in order to decide if i need to get back in line to buy a case but it is getting close. More than once I have retuned the next day only to find it sold out forever. There is a reason costco is the largest retailer of wine in the world and their latest trick will cement their position.

Don't want to play the cameron hughes lottery, J. Lohr cab is always there, always about $12 and always good. Jump up to the wood crate area and, well, that area is like porn for me and I won't even get started or I'll need a shower.

Sure, I can recommend several:

$10 Avalon cabernet 04, definitely a steal.
$15 Alexander Valley Vineyards Cabernet 05, light but goes nicely with food.
$15 Banfi Riserva Chianti 03. Not your typical style chianti but still has good acidity to go with tomato based foods. Great pizza wine.

$12 Cameron hughes Yountville, I haven't tried this one but for 12 bucks its worth a shot.

Josh

here's a vid about cameron's business model

http://www.chwine.com/press/multimedia/2...

Josh, good tips, haven't tried the avalon but will. The yountsville, lot 35, fortunatley is one of the larger releases at 10k cases, so you have some time to sample, lot 38 has only 500 cases worldwide so that one requires parking lot tastings.

I'm sorry where did this topic start?

You were offering some fine wine pairings to highlight the excellent pasta choices prepared by the "Chef".

Costa Mesa: Have your tried Orval and Chimay, speaking of Belgian beers? Being of German descent, I think that Dinkel Acker and Warsteiner are pretty good, too. Warsteiner is pretty much Budweiser in Germany, though.

Chien en brochette...red or white? I agree Allan we have probably digressed sufficiently at this point. Me especially. Glad you know I am just playing Josh, I mean you and your shot gun. Rustico does not fight bitter renters. I only fight home owners with lots of equity and then I let them kick MY ass. I think sdr fits the bill. He thinks I am a friend of poway seller so I think he'd do enough damage for me to get that house too ;).

I think I am going to convert this into my new book, "The can and the cork" how to live, eat and drink well in the coming economic holocaust. I can market it with an ad in the back of soldier of fortune magazine.

I think you would do well on the back of "San Diego Magazine". The socialites are going to love your wine lists.

TG,you definitely are the most entertaining "Piggington" IMO. I am wondering how does such a humorous, interesting and charming individual have so much time on his hands? You must be married?LOL If not, I am sure there is a nice Title Rep out there for you somewhere.

Thanks for the love Rustico, I gave up wives and title reps for lent. Actually the new found time is due to avoiding television this summer, suprisingly enough it was based on someone's advice from here, can't remember who, but thank you. It's like being unplugged from the matrix plus I am conditioning my body for football season. I try to take care of all of my errands and chores duiring the week so I can carve out six hours for viewing on Sunday and three on Monday, my latest increase in posts is part of a serious training program and I feel I am entering this season in the best shape of my life.

temeculaguy said

"I think I am going to convert this into my new book, "The can and the cork" how to live, eat and drink well in the coming economic holocaust. I can market it with an ad in the back of soldier of fortune magazine."

LOL!!!!!!!!!!!!!!!!!!!!!!!!!

Wow! Talk about thread drift.

Is there a plan for a meet up? I missed the Today's Pizza one in Encinitas as I was still living up north and had not yet moved here.

"Yes people like JWM make strong statements, so did PowaySeller. She made JWM look like a pussy!"

Gee thanks ;-) I like to think that I'm a little more balanced than PS was.

For the record, my biggest issue has not been whether prices will fall 50%, but rather if the economic conditions we are trending towards will foster the possibility of that happening. I think we are heading into that environment faster than even I imagined.

I just want people to start connecting the dots more and stop being so SD / SoCal centric about this whole mess. It is much bigger than that. In the end, the Fed doesn't care what the value of your SD Condo or SFR is. They just don't.

Thread drift... At first I was having flashbacks to my time in NY "I'm kicking your ass"
Then my thoughts went to Georgia as I thought this was a redneck pissing contest "My shotgun is bigger than yours".
Finally I was having flashbacks to my time in DC and thought this was a metrosexual pissing contest "My Pinot has a better nose than yours".
Ahhh... the West Coast, there really isn't anywhere else quite like it, is there?
Now, if you'll excuse me, I am just going to kickback and rip open my best box of wine.

Sto'lot
-one muggle

One mug,
Glad to see our tendancies are suitably distributed, geographically speaking, for you. I mean, you weren't complaining were you?

Rustico,
No, not complaining. Just commenting on how eclectic and interesting a place is SoCal.

And yes, I tend do tend to wander, both geographically and metaphysically. Maybe one of these days I will make it to a non-metro area.

-one muggle

"Maybe one of these days I will make it to a non-metro area."

You can always make a day trip to Julian for an apple pie.

Calling temeculaguy for a wine and canned food update:

"I think I am going to convert this into my new book, 'The can and the cork' how to live, eat and drink well in the coming economic holocaust. I can market it with an ad in the back of soldier of fortune magazine."

F- the schadenfreud. Let the f-ers burn. Payback is a bitch and frankly, you either were stupid, greedy or got swindled. None of which are my problem until the chump's whining reaches the ears of politicians desiring to pander for reelection.

So burn because by seeking a bail out you either prove stupidity, greed or selfishness and are trying to buck your problem to me.

Burn F-er Burn.

I'm past schadenfreud, I take no joy. Burn, burn, burn. The faster you burn the faster we get back to business and can smack the bs out of the country and quite living the kool-aid dream of equity wealth.

Burn F-er Burn.

I can tell you unequivocally that Twinkie filling goes best with champagne or a good asti. Preferable licked off a pretty girls breasts (or my wifes if she reads this).

I prefer Godiva and champagne, but I will take your word for it about the Twinkie filling. I have heard they keep indefinitely...