Home › Forums › Closed Forums › Properties or Areas › Mira Mesa: no longer affordable for <$200k
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recordsclerk.
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February 29, 2016 at 12:00 PM #795136February 29, 2016 at 12:02 PM #795137
spdrun
ParticipantSometimes, things happen that aren’t in the interest of the filth running DC and Sacramento.
February 29, 2016 at 12:08 PM #795138bearishgurl
Participant[quote=FlyerInHi]When the predicted debt crisis hits and we have 20% interest rates then house prices will come down. …[/quote]If that happens, I’ll be loving it … regardless of the fluctuating value of whichever residence I own at the time. I’m too old to recover from any over-exposure to the “stock market casino.” :=0
February 29, 2016 at 12:14 PM #795139no_such_reality
Participant[quote=bearishgurl][quote=FlyerInHi]When the predicted debt crisis hits and we have 20% interest rates then house prices will come down. …[/quote]If that happens, I’ll be loving it … regardless of the fluctuating value of whichever residence I own at the time. I’m too old to recover from any over-exposure to the “stock market casino.” :=0[/quote]
Except if the stock market casino implodes, CalPERs implodes and then the State and local Governments implode and Stockton will be a wishful memory.
February 29, 2016 at 12:17 PM #795140spdrun
ParticipantGood. A lot of overpaid ex-cops who retired before 50 at $100k+/yr will have to eat rice and beans. Problem?
Guess they’ll find out how the other half lives.
February 29, 2016 at 12:17 PM #795142Coronita
ParticipantOn the other hand, three MM condos is probably what it’s going to cost to send my kid to Stanford medical school….if she can get in…Heh heh
February 29, 2016 at 12:19 PM #795143Coronita
Participant[quote=spdrun]Good. A lot of overpaid ex-cops who retired before 50 at $100k+/yr will have to eat rice and beans. Problem?
Guess they’ll find out how the other half lives.[/quote]
100k is middle class. In high cost areas of SD, LA, BayArea, I would even argue if that’s middle of middle class.
February 29, 2016 at 12:22 PM #795144bearishgurl
Participant[quote=FlyerInHi] . . . BG reminded us of Ross Perot on the other thread. He’s been predicting since 1990. And rates have only come down.[/quote]FIH, of course you must know that the only reason interest rates have “only come down” has been because artificial constructs were put in place by the PTB ~10 years ago to keep them down and are still in place today.
These constructs in place are only kicking the can (National debt) down the road further for our kids and their kids to deal with cuz we’ll all be dead by then. Meanwhile the passage of the ACA into law had and has the effect of adding trillions more to the National debt in the form of constant monthly premium subsidies paid out …. in part due to paying a HUGE group of people who HAD insurance prior to the ACA but were cancelled immediately prior to its inception (12/31/13). There are millions of us out there who didn’t ask to participate in this dumbed-down, put-millions-of-people-on-public-aid-who-don’t-need-or-want-it quagmire. Many of us now face no choice but to accept a subsidy because our monthly premiums have doubled and even tripled in cost from what we were paying in 2013 and prior years (before the ACA).
February 29, 2016 at 12:23 PM #795145spdrun
Participant100k is middle class. In high cost areas of SD, LA, BayArea, I would even argue if that’s middle of middle class.
So? Let them move to the desert. Is someone entitled to live in SD/LA/SF just because they’re an ex-cop?
February 29, 2016 at 12:26 PM #795146Coronita
Participant[quote=spdrun]
100k is middle class. In high cost areas of SD, LA, BayArea, I would even argue if that’s middle of middle class.
So? Let them move to the desert. Is someone entitled to live in SD/LA/SF just because they’re an ex-cop?[/quote]
I think you need to adequately compensate certain public workers otherwise infrastructure falls apart. That said, the pension situation is alarming imho but I don’t think paying cops $100k is really out of the norm. But what I think doesn’t really matter. It is what it is. And it doesn’t affect my bottom line.
February 29, 2016 at 12:30 PM #795147Coronita
Participant[quote=no_such_reality][quote=bearishgurl][quote=FlyerInHi]When the predicted debt crisis hits and we have 20% interest rates then house prices will come down. …[/quote]If that happens, I’ll be loving it … regardless of the fluctuating value of whichever residence I own at the time. I’m too old to recover from any over-exposure to the “stock market casino.” :=0[/quote]
Except if the stock market casino implodes, CalPERs implodes and then the State and local Governments implode and Stockton will be a wishful memory.[/quote]
We actually already have a precendence of what happens to pensions when the local government can’t pay…Detroit, and rewriting pension contracts,so I really don’t think people need to worry about it.
February 29, 2016 at 12:38 PM #795148livinincali
Participant[quote=flu]
And it doesn’t affect my bottom line.[/quote]It does if they try to fill the hole with property tax increases.
February 29, 2016 at 12:49 PM #795149FlyerInHi
Guest[quote=bearishgurl][quote=FlyerInHi] . . . BG reminded us of Ross Perot on the other thread. He’s been predicting since 1990. And rates have only come down.[/quote]FIH, of course you must know that the only reason interest rates have “only come down” has been because artificial constructs were put in place by the PTB ~10 years ago to keep them down and are still in place today.
These constructs in place are only kicking the can (National debt) down the road further for our kids and their kids to deal with cuz we’ll all be dead by then. Meanwhile the passage of the ACA into law had and has the effect of adding trillions more to the National debt in the form of constant monthly premium subsidies paid out …. in part due to paying a HUGE group of people who HAD insurance prior to the ACA but were cancelled immediately prior to its inception (12/31/13). There are millions of us out there who didn’t ask to participate in this dumbed-down, put-millions-of-people-on-public-aid-who-don’t-need-or-want-it quagmire. Many of us now face no choice but to accept a subsidy because our monthly premiums have doubled and even tripled in cost from what we were paying in 2013 and prior years (before the ACA).[/quote]
Artificial constructs? What about market forces? People keep on talking about market forces.
February 29, 2016 at 1:01 PM #795150FlyerInHi
Guest[quote=flu]
We actually already have a precendence of what happens to pensions when the local government can’t pay…Detroit, and rewriting pension contracts,so I really don’t think people need to worry about it.[/quote]
The process seems to be working. There’s Puerto Rico playing out now… Philadelphia might be the next big one coming.
February 29, 2016 at 1:14 PM #795152Coronita
Participant[quote=livinincali][quote=flu]
And it doesn’t affect my bottom line.[/quote]It does if they try to fill the hole with property tax increases.[/quote]
Prop 13
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