Are home prices just silly right now?

[flyer]

Finding hangar and slip space in San Diego can be a challenge. We have had both in the area for years, but friends who are currently looking haven’t been able to find what they want, where they want it.

Visit friends there, and have heard FL (ditto Scottsdale) can also be a challenge. This is typical in any prime location where demand is great, so plan to be persistent in your search.

[mixxalot]

Agree I’m on a waiting list for both in San Diego. My dream would be to buy a hangar home on a private air park to get best of both worlds. None in San Diego exist but few places on the west coast have these for sale. Florida is great but the humidity wicked. I’d need serious A/C to live there. Weather is tricky too with many thunderstorm and hurricane days so it’s not the best flying weather. Scuba diving is great there and it’s cheaper than California and close to Latin America which are big pluses.

[flyer]

It’s definitely a challenge to find everything in one place. We’re happy with San Diego as our home base, and enjoy visiting other locations when we’re in the mood for other adventures.

As you mentioned, there are pros and cons to every geographic location, so you just have to decide what works best for you. With all of the research you’re doing, I’m sure you’ll discover it, and I wish you the best.

[mixxalot]

My job is west coast based so any place west of the Rockies is possible. California is less expensive outside of the large metro areas.

[poorgradstudent]

[quote=mixxalot]My job is west coast based so any place west of the Rockies is possible. California is less expensive outside of the large metro areas.[/quote]

Oh yeah, if commute isn’t an issue there are plenty of highly afforable parts of California.

[FlyerInHi]

These maps show why some places are so expensive. It will only get worse.

http://www.washingtonpost.com/news/wonkblog/wp/2015/09/03/how-so-many-of-the-worlds-people-live-in-so-little-of-its-space/

[The-Shoveler]

[quote=FlyerInHi]These maps show why some places are so expensive. It will only get worse.

http://www.washingtonpost.com/news/wonkblog/wp/2015/09/03/how-so-many-of-the-worlds-people-live-in-so-little-of-its-space/%5B/quote%5D

LOL someone snuck Temecula in there.

[moneymaker]

[quote=utcsox][quote=moneymaker]It seems to me there are 2 options for the government for stimulus, lower rates or create jobs. Ok already tried to lower rates, now can’t go any lower. So time to create jobs soon, 2 ways to do that also. Hire more government workers/create infrastructure jobs or the Trump strategy (deport the illegals). Neither of these strategies increases GDP so will also ultimately fail. The lowering of rates was suppose to increase jobs by getting businesses to invest with new start ups and such. Problem is most investment has been overseas. Maybe the China problem will stop this, but I doubt it. Ultimately China will start an economic war by dumping dollars and the US will respond with protectionism. Just my 2¢[/quote]

To increase the GDP, you can either
1. Increase the number of workers or
2. Increase the productivity of the workers..

I really don’t know where you get the ideas that you can increase GDP by deporting illegal immigrants. Or are you suggesting by deporting the illegal immigrants, the overall productivity of legal workers will suddenly increase?[/quote]
You have to read the next sentence after the bold part, where I say “Neither of these strategies increases GDP so will also ultimately fail”.

[Anonymous]

Shadowstats is a perfect example demonstrating that one can find any data on the internet to support any economic argument – provided one does not apply any common sense when citing the numbers.

Nevertheless, there is no recession. The word recession has a specific definition involving hard data. It is not based upon subjective evaluation by economic curmudgeons.

There hasn’t been a recession for over half a decade, and there are no real indications one is developing.

[njtosd]

[quote=moneymaker]It seems to me there are 2 options for the government for stimulus, lower rates or create jobs. Ok already tried to lower rates, now can’t go any lower. So time to create jobs soon, 2 ways to do that also. Hire more government workers/create infrastructure jobs or the Trump strategy (deport the illegals).[/quote]

I don’t necessarily agree either of your points but you have, at least, left out one other option. The government should institute reforms to issue patents more quickly. This piece is about 5 years old but is still relevant. In short, stop siphoning money from the US Patent Office and issue patents faster. Each newly issued patent creates *on average* 3-10 new jobs.

[Anonymous]

[quote]Each newly issued patent creates *on average* 3-10 new jobs.[/quote]

I doubt that patents create jobs. Not in any direct way for sure.

More likely the correlation the article describes is simply because growing companies also tend to file a lot of patents.

[livinincali]

[quote=njtosd][quote=moneymaker]It seems to me there are 2 options for the government for stimulus, lower rates or create jobs. Ok already tried to lower rates, now can’t go any lower. So time to create jobs soon, 2 ways to do that also. Hire more government workers/create infrastructure jobs or the Trump strategy (deport the illegals).[/quote]

I don’t necessarily agree either of your points but you have, at least, left out one other option. The government should institute reforms to issue patents more quickly. This piece is about 5 years old but is still relevant. In short, stop siphoning money from the US Patent Office and issue patents faster. Each newly issued patent creates *on average* 3-10 new jobs.

Unfortunately the authors of the actual study say the 3-10 jobs per patent is bullshit.

http://patentlyo.com/patent/2011/08/guest-post-what-we-said-and-didnt-say-in-the-berkeley-patent-study.html

[quote]
Our results solely concern U.S. startups. The vast majority of patents are filed and owned by established companies. More than half of all patents are awarded to foreign companies. Because U.S. startups use and are affected by the patent system in ways quite different from established and foreign entities, it is impossible solely from our data to draw conclusions about the general role of patents on innovation or jobs.
Even limiting the issue of jobs to those of U.S. startups, there is no principled way to determine from our data whether or not additional patents lead to additional jobs, much less the number of jobs created by each patent. Granted, we reported the average number of employees, including the percentage of engineers, at our respondent companies. But to reason that these positions were the direct result of the respondents’ patent portfolios would be to ignore a host of other potential factors (e.g., first-mover advantage, other IP protection, management team quality, etc.) leading to those jobs. And there is no sound way using our data to remove these other potential effects so as to calculate the impact of patents on jobs.
[/quote]

[VistaGuy]

Inventory is making the market very difficult. I been looking for the last few months and after a busy summer season what appears to be left is the “cream of the crap”. People who are un-motivated, unrealistic, or some other glaring red flag. Take for instance my most recent encounter. We placed an offer on a condo we felt would cash flow with the plan of living in it for 4-5 years initially. The property had been on the market for roughly 50 plus days. After making a strong offer (comparable to comps that had been sold in last month which were highly upgraded in comparison) we received a “multiple counter”. According to the listing agent the seller received an additional offer at “close to full price” with in 6 hours of ours, after the property had sat on the market for over 50 days. I called bullshit, since why would anyone if they received a “close to full price” offer turn around and counter both parties at full price, especially when the property is overpriced? If I am the seller the logical choice is to go with the much higher offer right?

[utcsox]

[quote=moneymaker][quote=utcsox][quote=moneymaker]It seems to me there are 2 options for the government for stimulus, lower rates or create jobs. Ok already tried to lower rates, now can’t go any lower. So time to create jobs soon, 2 ways to do that also. Hire more government workers/create infrastructure jobs or the Trump strategy (deport the illegals). Neither of these strategies increases GDP so will also ultimately fail. The lowering of rates was suppose to increase jobs by getting businesses to invest with new start ups and such. Problem is most investment has been overseas. Maybe the China problem will stop this, but I doubt it. Ultimately China will start an economic war by dumping dollars and the US will respond with protectionism. Just my 2¢[/quote]

To increase the GDP, you can either
1. Increase the number of workers or
2. Increase the productivity of the workers..

I really don’t know where you get the ideas that you can increase GDP by deporting illegal immigrants. Or are you suggesting by deporting the illegal immigrants, the overall productivity of legal workers will suddenly increase?[/quote]
You have to read the next sentence after the bold part, where I say “Neither of these strategies increases GDP so will also ultimately fail”.[/quote]

You are right. The whole paragraph you wrote is incoherent; it’s hard to understand what you are trying to say.

[poorgradstudent]

Well, I’m seeing signs the Summer boom is over and prices are flattening out in my home’s price range, simply because I’m seeing more notifications of price reductions in my inbox.

I guess the Fed action on interest rates in a couple weeks is really going to determine mortgage rates and impact the direction of the market.

[Author]

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