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February 25, 2021 at 11:33 AM #820672February 25, 2021 at 11:37 AM #820673EconProfParticipant
[quote=scaredyclassic]I approve. I miss my grandpa. He was a really good guy. He moved to be two blocks from me.
Also that setup at brio looks damn nice. And i like this a lot…https://intermountainhealthcare.org/locations/st-george-regional-hospital/hospital-information/
Financed or cash? What was your reasoning?[/quote]
Loan. At these rates, a no-brainer. Besides, I loan out at 10% + on fix & flips, second TD’s, etc. Will do that in the St. George/Washington City area too. (these two cities are joined at the hip. Technically, we’ll be in Washington City).
February 25, 2021 at 11:48 AM #820675spdrunParticipantOne of my best friends has been in Burlington VT for about 20 years. His oldest graduates HS this year and he cant wait to get the hell out of there and the cold. He’ll be in FLA as soon as possible
Personally, I’ve been loving the “winter wonderland” that we have had on the East Coast this winter … nothing more beautiful than NY when it’s brisk, snowy, and cold.
February 25, 2021 at 11:49 AM #820674spdrunParticipantPersonally im sick of intoxication. I think cheap legal weed may be harmful to young people. Too much, too easy to get, too cheap. Not as harmful as 5 y. Prison tho.
So tax it more. Make people pay for it or put in the work to grow it themselves. Overpaid thugs in uniform throwing people in cages for possession of a plant isn’t a good answer. The cost of sticking people with a criminal record and ruining their opportunities forever is much larger than letting people get intoxicated.
Also, create a society in which people enjoy living and don’t want to escape from reality via chemical means.
February 25, 2021 at 11:51 AM #820671scaredyclassicParticipant[quote=Hobie][quote=scaredyclassic]Econprof, u can make a profound impression on those kids.[/quote]
What a respectful, classy thing to say. Nicely done scaredy!
+1 here.[/quote]
My folks were so nervous. My grampa was like an ocean of calm. He didnt seem in a hurry for anything. He was just like 100% there. He didnt take us on any trips. He didnt have a car even. We just went to the park. We flew kites, he fed pigeons [ he had kept pigeons on the roof and was astonishingly good with wild pigeons. Maybe they smelled pigeon on him?) . Played a lot of chess. Talked to us. Went for walks. Always fascinated with our bullshit. Dont recall any gifts other than the cookies. Probably a little cash on birthdays.
It doesnt take much. A little bit can be a lot. If i were lucky, i can be less like me and more like him moving forward. He strikes me now as being in a near perpetual state of mild amusement and astonishment that we were there. That box of cookies seemed so big. I see on the internet it was only about 2 ounces! Funny. I recall getting cokes in candy stores that were only like 6 or 8 ozs.
Slimmer world.
My other grandpa died “young”. Like early 60s. Lets definitely avoid that!
We do this ancestor praise meditation over at the buddhist monastery with head to ground where you give thnx to all your ancestors, who in their confusion and pain and struggle brought the conditions for your existence. I thought that was kind of corny at first, but after a while i didnt.
February 25, 2021 at 12:09 PM #820677scaredyclassicParticipant[quote=EconProf][quote=scaredyclassic]I approve. I miss my grandpa. He was a really good guy. He moved to be two blocks from me.
Also that setup at brio looks damn nice. And i like this a lot…https://intermountainhealthcare.org/locations/st-george-regional-hospital/hospital-information/
Financed or cash? What was your reasoning?[/quote]
Loan. At these rates, a no-brainer. Besides, I loan out at 10% + on fix & flips, second TD’s, etc. Will do that in the St. George/Washington City area too. (these two cities are joined at the hip. Technically, we’ll be in Washington City).[/quote]
I figured. Just checking. I thpught maybe just being out of the game, no debt, no plotting for gains might be an option. Perhaps for other more fearful souls…but not econprof!
Id take the financing too.
February 25, 2021 at 12:10 PM #820676scaredyclassicParticipant[quote=spdrun]
One of my best friends has been in Burlington VT for about 20 years. His oldest graduates HS this year and he cant wait to get the hell out of there and the cold. He’ll be in FLA as soon as possible
Personally, I’ve been loving the “winter wonderland” that we have had on the East Coast this winter … nothing more beautiful than NY when it’s brisk, snowy, and cold.[/quote]
Speaking of ice and retirement generally, heres something ive been practicing thats super useful…and really every single person needs to practice…
Falling down.
You can start from a squat and fall towatd your face, back and sides, work your way up to full falls from standing.
Aarp, others have good videos on technique
Probably best physical training exercise anyone 60 and up can work on! Youre gonna fall! Be ready!
Im hoping to work up to the just fall forward from standing and land on concrete on hands/forearms move! Looks awesome on videos! Not there yet.
Imagine how impressed the grandkids would be. You could fall together. Kids could teach us a thing or two. Theyre pros at it.
Dont end up like dr. Atkins. Remember him? Slipped on ice, nyc. If hed trained to tuck his head in, he might still be with us, eating steaks.
Id open a falling down gym, but by the time people want the skill its usually too late! Start now. Actually, now thats my new goal. Im gonna work really hard at being awesome at falling.
February 25, 2021 at 12:14 PM #820678sdrealtorParticipantMy mother fell at 68 and broke her femur. Lived to 89 but that fall led to many others and was the beginning of the end for her. Im an expert at falling. Could have been a Hollywood stunt man. Im ready. Let me know if you need instructors for your gym
February 25, 2021 at 1:38 PM #820679scaredyclassicParticipantreally, insurance should pay for the class. preventative medicine.
guy i worked with a long time ago was retired one lousy week when he fell getting out of bed, died a few weeks later. At the time I thought the lesson was, don’t retire, but now I’m thinking the lesson was, practice falling. bonked his head really hard.
February 25, 2021 at 1:52 PM #820681The-ShovelerParticipantFalling down practice sounds like a really good Idea.
My mother broke her hip and was never the same.Maybe wearing a light weight bike Helmet 24 hours a day LOL.
(or at lease when ICE is present)February 25, 2021 at 2:21 PM #820682scaredyclassicParticipantgood aerobic workout too, falling and getting up over and over. good for the bones, strengthens them from impact. increased confidence can actually reduce risk of future falls.
February 25, 2021 at 4:34 PM #820683EscoguyParticipantHappy Trails!
This week I rented out the newest purchase. 4BR for 4K/month.
Needless to say, strong demand and rented out in one day.
Made me really want to buy #9 but wife says no. Sad!
New arrivals are coming here from other parts of California and believe it or not Texas!
Will be releasing the second 4S property soon. Good interest there too. I think it had 500+ views in first 24 hours. Many of those viewing want to buy and will be happy a few have made this decision. Prices wouldn’t be up if there were a mass exodus. But who knows maybe Newsom will become the next Pharaoh and drive out people to another promised land. 🙂
February 25, 2021 at 5:54 PM #820684gzzParticipant4k for 4br in esco, WOW!
My 4/3 in OB has been rented to the same person for 4200 for 5 years. I knew it was a tad below market, but it seems like the cheapest OB 1 bed apartments are now $1700 and cheapest 2 beds are $2400, and there’s a bunch of 2/1 cottages over 3k.
I feel like rents jumped 10% since i checked last 6 months ago.
Here’s some recent stats:
SD prices up 13% in 2020, third best in USA.
I can’t find a rental price report published recently. Unfortunately they tend to conflict with each other because they use different sources. Giant complex rents are overrepresented.
February 25, 2021 at 10:45 PM #820687sdrealtorParticipantThere is also a seasonality to rents
February 27, 2021 at 7:27 AM #820693EconProfParticipantWe’ve spent many trips to St. George to get to know it, visit son, etc., so what follows are a lot of items responding to various contributions of readers of this thread.
Yes, property taxes are really that low (about 1/2 of 1% of house value) since homeowner’s get about half off on their residence. Other property taxed at slightly over 1% of value, so California’s Prop 13 pales in comparison in terms of taxes one actually pays. Since income taxes are about 1/3 those of CA, our tax bite will fall considerably.
Crime and homelessness is vastly lower. From following the on-line local newspaper, I’ve noticed most crime is from outsiders from Las Vegas, or travelers on I-15, or the low-life repeat offenders common to any city. Local cops are proactive and pull over for minor infractions and discover drugs, intoxication, or suspicious activity and take it from there. Today I read of a guy stopped for throwing a cigarette out the window, so was pulled over, acted suspicious, vehicle searched and he was busted for drug possession with intent to distribute. Was sent to the local jail, which is named, no kidding, Purgatory Correctional Facility.
Utah is rated the most open-carry state in the nation, so be careful when driving there about cutting off a car with Utah plates (joke). Reciprocality laws permit a Utah resident who carries to do so in most every other state. But not California, naturally. Which must be why CA has so little crime and Utah so much. !!!
About Mormonism. St.George is about 2/3 Mormon and the influx of people from the rest of the country is rapidly reducing that percentage. Plenty of other church denominations abound. Mormonism is a spectrum, with many dedicated and devout, and many Mormon in name only. But their stress on health (no coffee, smoking or liquor–rules often broken), education, and fitness is a plus. In general, the people are healthier, younger, whiter, and more courteous than I am used to. Politically conservative, so low taxes and clean government, old-fashioned Americanism, all fine with me, but not for everyone.
Will we miss San Diego weather, cultural amenities, the ocean? Absolutely. But in truth, how often do you go to the beach? The drive and parking make it a one hour chore for us, so is a 2 or 3 per year event. The great quality plays and concerts are also an hour away, while at St. George plays and concerts downtown or at the 8,000 enrollment university are a ten minute drive, albeit not of San Diego quality. Mesquite, Nevada is a scenic 45 minutes away if you want casinos, and Las Vegas another hour on I-15. Ethnic restaurants? All over, and all types. Oh, and they are cheap. Bars? Not many, but growing in number, with two micro-breweries so far.
All this is making the influx of residents mind-blowing. Any house hitting the market is snapped up immediately. Bidding wars? I’ve been told by one broker that when something new comes on the market the way to get it is not just be pre-qualified, no contingency, full price in your offer, but simply offer more. But maybe that is just broker-talk. I’m hoping to buy troubled houses or condos with all cash, quick close, then fix them up, then get a loan & rent out. Rinse, repeat. Yeah, rents are soaring too. -
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