Are homeowners rejoicing?

[spdrun]

My take on it is that if you find a steady job or have a business near Temecula, it makes sense to buy a house there. If you’re gonna be commuting from Temecula to San Diego — 90-110 miles r/t, at say 25 cents per mile in an efficient car, then you’ll be spending $25 per day including wear-and-tear and fuel.

That’s $500+/mo, or about $100k of house value at current rates, plus the time you’ll never get back, never get to see your wife and kids. I’m guessing 1.5-2 hr each way with traffic north of SD being what it is.

That kind of commute is like me living near the Pennsylvania border and driving into NYC. It can be done, people do it, but why do it unless you’re a glutton for punishment?

[FlyerInHi]

One on my friends’ mom is a teacher in Brooklyn. Commutes almost 2 hours, one way, to work because she wanted a new house in jersey. Kinda crazy.

[FlyerInHi]

I’m rejoicing because I made some good investments at the bottom.

Not so good for the economy if people can’t afford decent places to live. What’s good for one is not necessarily good for the whole.

[paramount]

[quote=flu]
I think it’s gonna be much worse then that.

Here’s what I’m thinking…

1. Housing will be unaffordable for most people.
2. Student loan debt will be up the creek.
3. Job prospects will be fierce with tighter global competition for top paying jobs
4. Taxes will be extremely high for those still working
5. The wealth gap between the people with assets (have’s) versus most that don’t (have not’s) will be even larger.
6. Healthcare will be a huge problem…

[/quote]

Fascism is capitalism in decay.

[spdrun]

I’m rejoicing because local NJ market is still near the bottom, and the holy-daze are coming, meaning fewer muppets interested in placing competing offers. Merry X-mess to me.

[FlyerInHi]

Capital knows no borders.

Why should there be equity for the majority in certain country? To me, it does not make economic sense to have a middle class country full of people of different skill levels.

It makes more sense to have parity worldwide for people within different layers of skills. We could probably increase world GDP that way and maximize the standard of living of the most people worldwide.

Btw, economics as a science is not the same as philosophy of life, or nationalism, or patriotism.

[FlyerInHi]

[quote=spdrun]I’m rejoicing because local NJ market is still near the bottom, and the holy-daze are coming, meaning fewer muppets interested in placing competing offers. Merry X-mess to me.[/quote]

Can you please post the zip after you buy? I’m interested in jersey

[scaredyclassic]

You don’t have to be a weatherman to know which way the wind blows.

I played tangled up in blue 30 x in a row in my car.song kinda spoke to me recently.

I still think people are getting happier. I can feel it coming. I feel euphoric about 30 percent of my waking hours.

Maybe it’s just me.

[scaredyclassic]

NJ used to be like a punchline when I was a kid

[FormerOwner]

I moved from SD to Temecula then back to SD. I’m very glad I did. I rent an apartment in Mission Valley and am very comfortable here. Rent has gone up some since the bottom in 2009-2010, but not more than 2-3% per year in my case; nothing to panic about. If I never own a home again that is fine with me. I like where I live.

[Reality]

[quote=paramount]

San Diego is a bad value, and as scaredy has mentioned San Diego and San Francisco are great if you’re rich or bought a long time ago. [/quote]

By buying a long time ago in San Diego do you mean 2011?

[paramount]

[quote=JohnAlt91941][quote=paramount]

San Diego is a bad value, and as scaredy has mentioned San Diego and San Francisco are great if you’re rich or bought a long time ago. [/quote]

By buying a long time ago in San Diego do you mean 2011?[/quote]

I would guess pre mid 90’s.

[paramount]

[quote=FlyerInHi]Capital knows no borders.

Why should there be equity for the majority in certain country? To me, it does not make economic sense to have a middle class country full of people of different skill levels.

It makes more sense to have parity worldwide for people within different layers of skills. We could probably increase world GDP that way and maximize the standard of living of the most people worldwide.

Btw, economics as a science is not the same as philosophy of life, or nationalism, or patriotism.[/quote]

Spoken like a true Globalist.

[paramount]

My apologies, I was not trying to make this into a Temecula vs SD debate.

I’d love to move to San Diego (closer to work), but I can’t afford any areas in San Diego with schools comparable to Temecula (again, at my price point).

Speaking of values, I should qualify by saying I can’t afford San Diego without my spouse returning to work.

My spouse is a California certified teacher, and yet one of us staying home with the kids is that important.

[CA renter]

[quote=paramount]My apologies, I was not trying to make this into a Temecula vs SD debate.

I’d love to move to San Diego (closer to work), but I can’t afford any areas in San Diego with schools comparable to Temecula (again, at my price point).

Speaking of values, I should qualify by saying I can’t afford San Diego without my spouse returning to work.

My spouse is a California certified teacher, and yet one of us staying home with the kids is that important.[/quote]

Seriously, why aren’t you homeschooling? Based on your post about the lesbian adoption mentioned in a school textbook(?), one would think you guys would jump at the chance.

And, not to pick you you or anything, but was your wife teaching in a public school in the past? I’m sure you’ll deny it, whether or not it’s true, but the hypocrisy/irony of working for a govt contractor with a wife who worked in public service — all the while ranting against govt expenditures on labor/unions — is pretty hilarious. Again, not to pick on you, because I’m pretty sure that a lot of the most vociferous complainers here would be found to be some of the biggest recipients of govt largesse if one were to dig deeply enough.

[Author]

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