Home › Forums › Financial Markets/Economics › DYSFUNCTIONAL, DISHONEST, INSANE & INTOLERABLE
- This topic has 41 replies, 17 voices, and was last updated 12 years ago by flyer.
-
AuthorPosts
-
October 23, 2012 at 9:11 PM #753091October 23, 2012 at 10:16 PM #753093mike92104Participant
[quote=bearishgurl]
If you’ve got any other ideas to put more money in CA’s coffers besides imploring your congressperson to lobby their brethren ad infinitum for more funds to reimburse CA for the effects of illegal immigration (which has been done and is being done, with mixed results), I’m all ears :=][/quote]
Legalize (and tax) pot?
October 23, 2012 at 10:34 PM #753095scaredyclassicParticipantlegalize eagle eyes glaze.
October 23, 2012 at 10:42 PM #753096bearishgurlParticipant[quote=mike92104][quote=bearishgurl]
If you’ve got any other ideas to put more money in CA’s coffers besides imploring your congressperson to lobby their brethren ad infinitum for more funds to reimburse CA for the effects of illegal immigration (which has been done and is being done, with mixed results), I’m all ears :=][/quote]
Legalize (and tax) pot?[/quote]
The amount of $$ the state would be able to collect from SF licensed “independent growers” alone may be enough to completely cure CA’s supposed “college deficit” (at least the CC deficit), IMO. Of course, CA renter should take note that they’re ALL likely living (and running their ultraviolet lights and fans on full blast) in a “Prop 13 subsidized rental flat.”
These SF landlords are making out like bandits! And just an FYI for flu, a good portion of them are likely “Chinese,” lol . . .
see: http://californiacommunitycolleges.cccco.edu/PolicyInAction/KeyFacts.aspx
and: http://www.huffingtonpost.com/2012/07/11/california-community-coll_n_1665108.html
btw, flu, I don’t know how old the piece you quoted was, but the current fees for a CA CC are now $46 per semester hr. I’m not sure they qualify for the “cheapest in the nation” anymore.
Good idea, Mike! I see you’ve got your thinking cap on 🙂
October 24, 2012 at 7:22 AM #753100HobieParticipantI would like to LAUD take the lead and create vocational and trade schools. Not all kids are destined for college.
Of course, that will play havoc with the fed mandates and funding, and of course there would be an expectation of a growing economy to hire all these trades. But deep down, they know California is toast under the current leadership so it will never happen. Oh well.
October 24, 2012 at 11:05 AM #753109RenParticipant[quote=flu]Where do people get the impression that tiger parents spend 6+hrs on homework? I think that’s a stereotype in itself.
[/quote]From the tiger moms themselves, in videos and articles attempting (and failing) to rationalize their methods. I don’t have time to link at the moment, but I was fascinated by them for a while, and I’ve seen some brutal schedules.
[quote]
They’ll probably spend some time on homework, and then split the time with things like an instrument (piano or violin) something activity like skating or soccer and some homework. It’s no different than a soccer mom that drops their kid off of some afterschool learning program for 3 hours, then have them go to Sharks soccer practice, etc.…
So, I don’t see any difference whatsoever.[/quote]
You’re not describing tiger parents as I understand them, you’re describing what I would consider “typical” overachievers. I wouldn’t have a problem with my kids sharing classrooms with that type. I would expect mine to be the same. They will be good at sports, they will be better writers than anyone in their classes (this is my top priority), and they’ll get straight A’s. However, an occasional B will not result in retaliation from us, and they will have some free time on weekday evenings.
I don’t consider the work necessary to do any of that to be in the class of a tiger parent. Your definition is apparently different than mine, so there’s not much point in debating it.
October 24, 2012 at 3:19 PM #753136flyerParticipantIt is interesting to note that, although neither my wife and I, nor any of the parents of our kids friends considered ourselves to be “tiger parents,” and yet, all of our kids excelled at everything from school, to sports, to music, etc. and on and on, and yet the success rate of these same young people (now in their 20’s) is still only about 50%.
Although they came from quite well-to-do families, we still hear many of our kids friends complaining about the fact that they can’t find high-level jobs here, and will never be able to afford a home in San Diego, or CA in general, (for those who wish to stay here)so it seems some of them have kind of given up. A sad, but fascinating conundrum.
October 24, 2012 at 3:26 PM #753137spdrunParticipantSheesh, you can buy a decent 2/2 condo in the area with HOA of ~$250/mo for about $200k. You’re talking PITI of $1200/mo assuming 80% LTV. If they can afford to rent something smaller and save a bit, they can afford to buy.
Why does a home have to mean detached with a huge yard?
Oh, and agreed with BG that Prop 13 should reset to fair market value upon a transfer within the family or probate, unless it’s a transfer between spouses. However, it shouldn’t just apply to primary residences. Unpredictable tax increases on landlords will just result in more property in distress. Rental property margins in San Diego are slim as it is, without adding at-will tax hikes into the equation.
October 24, 2012 at 3:59 PM #753140bearishgurlParticipant[quote=flyer]It is interesting to note that, although neither my wife and I, nor any of the parents of our kids friends considered ourselves to be “tiger parents,” and yet, all of our kids excelled at everything from school, to sports, to music, etc. and on and on, and yet the success rate of these same young people (now in their 20’s) is still only about 50%.
Although they came from quite well-to-do families, we still hear many of our kids friends complaining about the fact that they can’t find high-level jobs here, and will never be able to afford a home in San Diego, or CA in general, (for those who wish to stay here)so it seems some of them have kind of given up. A sad, but fascinating conundrum.[/quote]
flyer, I think the reason a lot of “20-somethings” and even those a little older (even though “educated”), state that they can’t find “high level jobs in SD” and they’ll “never be able to buy a house in SD” is due to their “expectations” about both that previous generations did not have.
Perhaps they’re not willing to take positions they feel are “beneath them” in order to move up within an organization. Perhaps they’re not willing to “settle” for a house (buy OR rent) in an area they can actually afford. I’m sure it must be doubly hard for kids who grew up in or near RSF to “manage their housing expectations.” Of course, after “having it all in SD Co,” these kids wouldn’t want to relocate (out of state or to the SF Bay area, perhaps?) to get a better-paying job. Every locale they visit (for housing OR a job) will seem inferior to where they grew up.
With very privileged kids, there’s no “hunger” there for a better life … nothing really to “aspire to” which would rival the life they had while growing up. You were fortunate to be able to instill a good work ethic in your kids in spite of their “privileged” upbringing, flyer.
I think some parents (of ALL walks of life) make it easy for their adult children to just postpone all big life decisions (FT job/place to live, etc) because their door is always open. Thus, their kids are repeatedly bouncing “back home” with parent(s) and instead of saving money while there, they buy new vehicles (with payments) and new “gadgets.” 3++ years later, they are still living in their childhood home and are very comfortable.
My kids aren’t perfect but they are very realistic and “street smart.” I see them buying a building with 2-3 flats (likely in SF) in the coming 1-2 yrs. They have plans to gut (if needed) and fix up 1-2 of the units to rent out and live in the best unit themselves, while collecting rent.
October 24, 2012 at 4:19 PM #753143UCGalParticipant[quote=flyer]It is interesting to note that, although neither my wife and I, nor any of the parents of our kids friends considered ourselves to be “tiger parents,” and yet, all of our kids excelled at everything from school, to sports, to music, etc. and on and on, and yet the success rate of these same young people (now in their 20’s) is still only about 50%.
Although they came from quite well-to-do families, we still hear many of our kids friends complaining about the fact that they can’t find high-level jobs here, and will never be able to afford a home in San Diego, or CA in general, (for those who wish to stay here)so it seems some of them have kind of given up. A sad, but fascinating conundrum.[/quote]
It might be about expectations. Do they want to buy a big house at the beach from the get-go… or are they budgeting for starter homes.FWIW – I left San Diego in my late 20’s, in part because I felt I’d never be able to afford a home. At the time nice, but still starter type, homes were around $200k. I moved to WA state and got a similar home for $72k. Fortunately, when I moved back 17 years later, I had equity from my next house, and from the house my husband had when we married, and lots of savings. The home prices had gone up about 2.5 times.
October 24, 2012 at 11:35 PM #753161CA renterParticipant[quote=Hobie]I would like to LAUD take the lead and create vocational and trade schools. Not all kids are destined for college.
Of course, that will play havoc with the fed mandates and funding, and of course there would be an expectation of a growing economy to hire all these trades. But deep down, they know California is toast under the current leadership so it will never happen. Oh well.[/quote]
Could not agree more. Those jobs for skilled tradesmen/women are some of the most difficult to off-shore, too. IMHO, getting rid of and/or downsizing vocational ed was one of the very worst decisions made in the educational arena.
Those classes were lifesavers for many of the people who gravitated toward them, and I know a number of kids who took voc ed classes when we were young, and they’ve always managed to get good, well-paying jobs. Oftentimes, they did quite a bit better than those of us who got degrees.
The key to having a strong economy is having the ability to quickly change whenever the business climate changes. That can only be done with a diverse workforce. We cannot all become engineers (or whatever the “degree of the day” is), nor should we ever aspire to have an economy that is built on a single sector or a narrow group of sectors.
October 25, 2012 at 2:54 AM #753164flyerParticipantBG and UC Gal, both of you have hit the nail on the head.
Yes, many of the kids I mentioned are VERY unrealistic, and expected to “have it all” upon graduating from college. It seems they always thought a magic wand would wave for them on that golden day, and part the heavens.
I honestly don’t blame them, because it was the way they were raised, and, IMHO, and from my experience, parents who aren’t explaining the realities involved in excelling in this world are really doing a great disservice to their children.
Many kids go from being extremely pampered, to a world of extreme competition–where they are just another number–and they have no idea of how to handle it. We’ve seen many just fall apart.
As you mentioned, even though our kids were very priviledged, my wife and I went out of our way to
make sure, among other things, that they understood goals in life are earned, and that they were not “entitled” to anything.Whatever we may have done right, it appears to have served them
well–and for that I am very grateful.I certainly wish you and your kids the very best as they take on the world.
-
AuthorPosts
- You must be logged in to reply to this topic.