East County SD v St George for gzz’s budget McMansion lifestyle

[sdrealtor]

I prefer the stories about the cases you were wrong about and lost

[scaredyclassic]

[quote=sdrealtor]I prefer the stories about the cases you were wrong about and lost[/quote]

Lawyers have to do continuing education and I’ve always wanted to put together a class called “my 20 greatest fuckups in my legal career”

[sdrealtor]

By definition lawyers think they are always right. It’s the job description yet as we’ve seen here worse than a coin flip

[scaredyclassic]

[quote=sdrealtor]By definition lawyers think they are always right. It’s the job description yet as we’ve seen here worse than a coin flip[/quote]

I’m not sure that’s accurate. More like, confidently assert your client’s desired outcome to others as if it is incontestably correct, regardless of what you think, while telling your client the position is nuts.

[sdrealtor]

Yes what i said just with lawyerly bs added

[scaredyclassic]

i kind of relate to alex jones. we work ourselves up into believing the things we say. trial lawyers call it “trial psychosis”.

[flyer]

Probably another reason you made a good choice, gzz. Per the 60 Minutes article below, as we all know, most southwestern states are in trouble by varying degrees when in comes to water, but UT and AZ seem to be in a particular danger zone when it comes to water.

Apparently, the laws governing water rights to the Colorado River were made decades ago, when there were no drought concerns. Some states, like UT, which have been overbuilding, etc., now want to claim their additional rights to the water in a river that is running dry, but to which they are entitled, and have never before claimed. It will be interesting to see how this apparent legal battle plays out, especially since it will be a matter of survival, albeit transitory, for all concerned.
https://www.cbsnews.com/news/colorado-river-water-level-60-minutes-2022-08-14/

[scaredyclassic]

Pet food sucking up us water

https://www.nationalgeographic.com/culture/article/100423-pet-food-water-footprint

Take the indirect water cost of feeding the dog. Per dollar of pet food, 140 gallons (530 liters) of water are used indirectly in the production process, for a total of 200 gallons (757 liters). Water is needed to produce the meat and cereals that go into making the pet food, said study co-author Michael Blackhurst, whose research was published in February in the journal Environmental Science & Technology.

The exploitation of animals for human needs is bad and may kill us

[gzz]

Flyer while I don’t think it is a great time to get a new SD investment property, buying to live is still pretty attractive.

Rents are still soaring with very low vacancies. The inventory and sales rates seem to be trending toward the 2016-2019 milder bull market levels. We obviously weren’t going to have 0.2 month MLS inventory and 35% YoY pricing for long.

The cost to own here is basically the 4.5% interest, 1% tax, and maybe 0.3% for everything else like insurance.

So about 4800 all in cost per month for every million of value. Roughly rental cost. For every 1% appreciation, that’s 10k a year or about 800 a month of reduced cost. A mild 3% appreciation thus means the effective monthly cost to buy a million of SD RE is only about 2300, far below rental cost.

I think oil stocks are an even better investment however. I just can’t live in XOM and TTE.

[gzz]

I like pet rabbits. You can buy them for $5 and feed them veggie scraps and let them trim your lawn. They keep the grass short rather than destroy it. Bulk rabbit food is just hay pellets and leftover middlings from processing of corn and wheat. It costs $10 per 50lb bag. They require no vaccinations and fixing them is only $20-50 for males. Females are about $200 and that’s the only big expense.

So cheap environmentally friendly.

[flyer]

[quote=gzz]Flyer while I don’t think it is a great time to get a new SD investment property, buying to live is still pretty attractive.

Rents are still soaring with very low vacancies. The inventory and sales rates seem to be trending toward the 2016-2019 milder bull market levels. We obviously weren’t going to have 0.2 month MLS inventory and 35% YoY pricing for long.

The cost to own here is basically the 4.5% interest, 1% tax, and maybe 0.3% for everything else like insurance.

So about 4800 all in cost per month for every million of value. Roughly rental cost. For every 1% appreciation, that’s 10k a year or about 800 a month of reduced cost. A mild 3% appreciation thus means the effective monthly cost to buy a million of SD RE is only about 2300, far below rental cost.

I think oil stocks are an even better investment however. I just can’t live in XOM and TTE.[/quote]

I agree that for you, buying now, especially with the needs of your family, is a good decision. You’ve done your research, and you know it falls well within your financial parameters, so it should be a win for you. That may not be true for everyone, so I hope others who are stretching their limits to buy now are being cautious.

Also agree that we would not be buying any more investment properties now. Actually haven’t since The Great Recession, when it was a great time to add to our portfolio. At that time, we had a chance to cut some fantastic deals when others weren’t, but, unless there is another extreme downturn, we really don’t need to look for any more properties.

Enjoy your new home!

[scaredyclassic]

[quote=gzz]I like pet rabbits. You can buy them for $5 and feed them veggie scraps and let them trim your lawn. They keep the grass short rather than destroy it. Bulk rabbit food is just hay pellets and leftover middlings from processing of corn and wheat. It costs $10 per 50lb bag. They require no vaccinations and fixing them is only $20-50 for males. Females are about $200 and that’s the only big expense.

So cheap environmentally friendly.[/quote]

Vegan pet. Only way to go.

[gzz]

Closing in 2 weeks!

Just grabbed some clearance pool toys and testing strips at Target and some sun hats.

Ready for the desert!

After my final inspection I walked midday on the bed of the completely dry sweetwater river and sang:

After two days in the desert sun
My skin began to turn red
And after three days in the desert fun
I was looking at a river bed
And the story it told of a river that flowed
Made me sad to think it was dead

On wet years the river is impressive however.

https://www.prints-online.com/sweetwater-dam-near-san-diego-california-usa-14251703.html

[gzz]

One positive of St George: very high per capita rate of dentists.

I don’t really have a problem getting appointments in San Diego on short notice, however prices are pretty high. I wonder what percentage of San Diegans get their dental work primarily done in TJ? I’d guess 1 in 15.

[barnaby33]

Mormons love dental school. Dentists earn good money and have lots of time for big families.
Josh

[Author]

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