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[Anonymous]

[quote=sdrealtor]
You’ll sit on the sidelines wishing bad things upon others while reaping nothing yourself.[/quote]

So how is suggesting RE prices returning to pre-Covid prices wishing bad on others? The only folks that would be “Hurt” would be those that over paid for houses at the peak of the bubble. But in reality they will be fine, just stop paying their mortgage and live free for a couple years. Just like last time. Beyond that, folks that got greedy and over levered themselves will lose money but that’s what they deserve for reckless investing.

Lower home prices won’t hurt you or anyone else who invested wisely. It will greatly benefit the great majority of current and future generations who cannot purchase a home today due to the current market distortions.

[spdrun]

^^^

Strangely, it will also likely benefit current homeowners — if prices fall, they’re less likely to be able ATM their homes for vacations and to renovate kitchens that were last renovated in 2017 — thus painting themselves into a corner.

But yeah, it will also benefit people who want to buy a home.

[sdrealtor]

[quote=deadzone][quote=sdrealtor]
You’ll sit on the sidelines wishing bad things upon others while reaping nothing yourself.[/quote]

So how is suggesting RE prices returning to pre-Covid prices wishing bad on others? The only folks that would be “Hurt” would be those that over paid for houses at the peak of the bubble. But in reality they will be fine, just stop paying their mortgage and live free for a couple years. Just like last time. Beyond that, folks that got greedy and over levered themselves will lose money but that’s what they deserve for reckless investing.

Lower home prices won’t hurt you or anyone else who invested wisely. It will greatly benefit the great majority of current and future generations who cannot purchase a home today due to the current market distortions.[/quote]

First of all this is no bubble. Second they weren’t greedy or over leveraged they just bought homes for their families. Third they could afford and we’re not recklessly investing. Last they are responsible hard working folks that saved, worked hard and won’t just walk away. Your bitterness and jealousy has no bounds. They are the majority

[flyer]

[quote=Coronita]Early Retirement.

That’s what’s on my mind regularly for someone that’s been working since the dot.com days.

2 more years and off to college my kid goes. 529k and custodial accounts ready all the way to grad school if necessary….I paid my dues by planning early and letting compounding over 16 years work.

The question that I keep coming back to is…What next? I don’t have an answer for this. I don’t really like to travel.[/quote]

Talk to lots of people who are asking these same questions about what’s next in life, so you are not alone.

Until COVID, I was semi-retired, and continued to fly international for American once a month, which I had been able to do for many years prior, due to seniority, before wrapping up that career. Didn’t want to deal with the hassles surrounding all of the COVID issues. Lots of airline pilots retired early for the same reason.

To keep life interesting, we’ve always known we never wanted to fully retire, so we’ve kept other businesses running concurrently–real estate, leasing aircraft to many different companies, including flight schools, my wife’s entertainment/movie business, etc.–and we still have time to spend with family, travel, and anything else we might want to do.

That said, I think it’s just a matter of finding things you enjoy, and possibly turning them into business or charitable endeavors. I’m sure you will find you have many options.

[sdrealtor]

I had a neighbor you probably know. The first few years he was always around out front washing his suburban and going surfing. I always wondered what he did. One day I was flying and found out. I bumped into him as he was our captain and let my son hang out in the cockpit before the flight. Then he divorced his crazy wife and moved away. A few years later he remarried her and moved back. Then he realized why he divorced her the first time and did again. He was and still may be a senior AA pilot

[Coronita]

[quote=The-Shoveler]Yea me too,
Retirement scares the crap out of me to be honest.[/quote]

It’s not just that. Some of the things I use to enjoy doing isnt as easy to be done. I spent about 3 weeks working on my car and somewhere along the 3 weeks I must have over exerted my right hand trying to break loose a bolt in a tight corner where I spent a few hours in a twisted and contorted body position. Got it done, but now right wrist is feeling like a trainwreck for the past week..I’m told might have an ulnar nerve entrapment. Wtf?

And on the other end, I had a good friend that calls me up and says he sold his track 911 I help build a decade ago. Wtf? He says he’s getting too old for the car, his reflexes and reaction time wasn’t what they were use to be, and he will never be able to drive that monster at the limit safely anymore.

So he sold the car to his wife’s friend that is in his thirties…

DAMN… Is this what I have to look forward to when getting old?

No wonder it’s harder to find a manual gearbox these days. All these old farts need to compensate with an electronic gearbox…..and then I wake.up and realize… Holy crap, I’m not that far behind….And some 30 year old is probably saying the same about me.

[flyer]

Have quite a few pilot friends here, most of us retired captains, some with military backgrounds, others, like me, who clocked their hours during college, but that doesn’t ring a bell, sdr. I encouraged quite a few of them to move here from elsewhere before COVID, and they are glad they did before the buying frenzy and price escalations hit.

It will be interesting to see how commercial aviation evolves from this point on. Glad I had the chance to fly the Dreamliner, and United is planning to launch their supersonic passenger flights by 2029. Even with all of the issues surrounding the Concorde, we really enjoyed the flights we took back in the day, so hope it goes better this time around.

[spdrun]

I call automatic transmissions “autotragics” or “g..pomatics.” This being said, we get to look forward to no transmissions, just a 10:1 fixed gear reduction unit driven by an electric motor. Electric cars are pretty awesome, basically the best aspects of automatics and manuals in one car, without the complexity of a transmission that changes ratios.

[JPJones]

/popcorn

Seriously never thought a housing blog could be this entertaining! How does someone with a 16 year old account here (DZ) not own a house in San Diego yet? And sdr a real estate hack? LOL man! This thread has become my weekly soaps. Keep’em comin’!

[Coronita]

[quote=JPJones]/popcorn

Seriously never thought a housing blog could be this entertaining! How does someone with a 16 year old account here (DZ) not own a house in San Diego yet? And sdr a real estate hack? LOL man! This thread has become my weekly soaps. Keep’em comin’![/quote]

It’s why i keep coming back. Entertaining as the WWE….!

[sdrealtor]

[quote=JPJones]/popcorn

Seriously never thought a housing blog could be this entertaining! How does someone with a 16 year old account here (DZ) not own a house in San Diego yet? And sdr a real estate hack? LOL man! This thread has become my weekly soaps. Keep’em comin’![/quote]

It really is amazing that with all the information shared here by so many people over the years that someone couldve have missed the boat of all boats. Even funnier to be defiant about it.

And calling me a real estate hack is quite generous. Im now down well under 50% the time and effort I used to put into my business. At this point its past clients, referrals, friends and people I meet that I genuinely want to help navigate the crazy minefield that is and always has been SD real estate. My participation here is mostly for fun, to document the research Ive been doing for almost 20 years. I like sharing it with and helping others who are interested and might benefit. Plus the rock’em sock’em troll flogging for entertainment purposes.

I’m here all night! Enjoy my while Im here!

[XBoxBoy]

[quote=JPJones]How does someone with a 16 year old account here (DZ) not own a house in San Diego yet?[/quote]

I think it’s way easier than you might think. It’s emotionally very tough to buy when the market is down. You are always second guessing yourself because it might go lower. Then when it starts to rise, you tell yourself to be patient, it will go back down again. Personally, I’m not sure I would have bought in 2009 if it hadn’t been for my wife who really wanted to own a house.

The stock market is the same way for me, and because of the difficulty of catching the bottom, I’m a buy and hold stock player. Unlike a lot of people on this blog, I pretty much never sell, I just hold broad market ETFs.

[sdrealtor]

[quote=XBoxBoy][quote=JPJones]How does someone with a 16 year old account here (DZ) not own a house in San Diego yet?[/quote]

I think it’s way easier than you might think. It’s emotionally very tough to buy when the market is down. You are always second guessing yourself because it might go lower. Then when it starts to rise, you tell yourself to be patient, it will go back down again. Personally, I’m not sure I would have bought in 2009 if it hadn’t been for my wife who really wanted to own a house.

The stock market is the same way for me, and because of the difficulty of catching the bottom, I’m a buy and hold stock player. Unlike a lot of people on this blog, I pretty much never sell, I just hold broad market ETFs.[/quote]

Well congrats to you and the wife. Around here anytime you can buy when its at or about equivalent rent its is pretty much no lose on a long term hold house. Its funny that someone who criticizes us and other for being home investors didnt buy when it made sense as an owner occupant like we all did. If he didnt view it as an investment he couldnt have helped but buy and that is perhaps the greatest irony.

I think more of us are buy and hold stock players here than you think also. Sure I have my play money but 80% is in a ML account that pretty much never sell and if I do its based upon an annual review and tax loss selling or reallocation when overweight on a stock/sector after meeting with my long time broker team there. I can go years without making trades there

[Coronita]

AMD crushed earnings..

No surprise there.

https://finance.yahoo.com/news/amd-delivers-upbeat-forecast-sells-202842121.html

[quote]
AMD predicted second-quarter sales on Tuesday of roughly $6.5 billion, compared with an average analyst estimate of $6.03 billion. That helped the shares up as much as 8.3% in late trading.

The outlook helped allay concerns that the chip market is slowing — and signaled that AMD is making further gains on Intel Corp. The company, which for years lagged far behind Intel in computer processors, is on pace to end 2022 with almost four times as much revenue as in 2019. New products and better execution have helped AMD win over customers who were once skeptical about its capabilities.

AMD’s outlook contrasts with a recent forecast from Intel, which was hurt by an accumulation of inventory at some of its PC customers. The return of Covid-related lockdowns in parts of China also has squeezed the supply of components needed to complete devices, Intel said. Other chipmakers, such as Texas Instruments Inc., have said those disruptions are hurting growth as well.

AMD’s forecast includes a boost from its acquisition of Xilinx Inc., a deal it completed in the first quarter.

“Each of our businesses grew by a significant double-digit percentage year-over-year,” AMD Chief Executive Officer Lisa Su said in a statement. Growth of the existing business and the Xilinx acquisition have both contributed to stronger full-year expectations, she said.
[/quote]

[an]

Return to the office for Amazon might do wonder for SD real estate with this news https://www.10news.com/news/local-news/amazon-announces-major-socal-expansion-including-700-jobs-in-san-diego

[Author]

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