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Coronita.
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July 18, 2012 at 10:20 AM #748303July 18, 2012 at 10:25 AM #748304
Ren
Participant[quote=sdrealtor]Ren
What some posters fail to understand is that many of todays first time buyers have great jobs with higher incomes and great upward mobility but often lack two key things – time and large down payments. They want newer turnkey houses because they can easily serivce the debt but dont have $30 to $50K lying around for remodeling. They work long hard hours during the week and want to enjoy their weekends with their young children not spend them fixing paint, drywall, roofs, plumbing and electrical issues. They havent gone through multiple home remodelling projects and dont have time or interest in learning the ins n outs of doing them. Turnkey fits their financial position and lifestyle. For buyers like that its the right way to go.
[/quote]Exactly. I have two toddlers and we both work full time, so pretty much ’nuff said.
[quote]FWIW, Mello Roos actually helped prevent overbuilding in my neighborhood. The developers were forced to set aside land for a school (that wasnt actually needed anytime soon and is being landbanked for the longterm) and to use a modest MR bonds to finance the purchase. The developers would have loved to build another couple hundred homes there but couldnt. Without MR there would have been no mechanism for the land to be purchased and the developers would have most likely just been able to add more density here.[/quote]
Interesting, I didn’t know that. I’ll have to take a closer look at MR properties in the future. I always thought of them as crazy expensive, but really my only exposure has been SEH and 4S.
July 18, 2012 at 10:37 AM #748305CoronitaParticipant[quote=sdrealtor]Ren
What some posters fail to understand is that many of todays first time buyers have great jobs with higher incomes and great upward mobility but often lack two key things – time and large down payments. They want newer turnkey houses because they can easily serivce the debt but dont have $30 to $50K lying around for remodeling. They work long hard hours during the week and want to enjoy their weekends with their young children not spend them fixing paint, drywall, roofs, plumbing and electrical issues. They havent gone through multiple home remodelling projects and dont have time or interest in learning the ins n outs of doing them. Turnkey fits their financial position and lifestyle. For buyers like that its the right way to go.FWIW, Mello Roos actually helped prevent overbuilding in my neighborhood. The developers were forced to set aside land for a school (that wasnt actually needed anytime soon and is being landbanked for the longterm) and to use a modest MR bonds to finance the purchase. The developers would have loved to build another couple hundred homes there but couldnt. Without MR there would have been no mechanism for the land to be purchased and the developers would have most likely just been able to add more density here.[/quote]
I think there is one big big benefit of mello ruse(sic) when the economy is down… Smaller hit in public schools during economic downturn.
DMUSD is heavily dependent on the MR collected in CV/DM, and I believe more so than then funding from state. I would surmise that’s probably one of many reasons why schools in CV,encinitas, haven’t been nearly hurt as bad as schools in other areas more dependent on the state budget….Well, that and folks in this area probably also end up donating more dollars/time to the district itself via fund raising.
FWIW: Looks like despite the economic downturn and what some folks have feared, DMUSD was able to keep the ESC from being cut for next year via 60% participation from donations.
http://www.delmarkids.org/And for that matter, I haven’t heard of any rumored layoffs either in the district.
July 18, 2012 at 11:06 AM #748306spdrun
ParticipantI’m guessing you’ve got a touch of Asperger’s, so to further the lesson, when discussing opinion:
OKAY
“I prefer [x], and here’s why.”
“I like [x] better than [y].”NOT OKAY
“[x] is better that [y].”
“You’re wrong.”Oh please. So if you have $150k to spend, a condo in SD isn’t better than a burnt-out shell of a house in Dee-TROIT for the same price?
Sometimes some things are really better.
July 18, 2012 at 11:19 AM #748309sdrealtor
ParticipantRen
The Mello Roos in the San Dieguito School district portion of SOuth Carlsbad is $800/year. My $100/month HOA includes parks, trails (heading out for a 5 mile run on them right after this post), olympic pool/spa/wading pool, playgrounds, gym, tennis court and a country club style clubhouse with catering kitchen I will be renting in 2 weeks for a private party/family reunion of 50 at a cost of $75. Its a great value I have gotten lots of use out of over the last 13 years I have been here. And my kids walk to a top 10 elementary school in SD CountyJuly 18, 2012 at 11:21 AM #748310Participant[quote=spdrun]
I’m guessing you’ve got a touch of Asperger’s, so to further the lesson, when discussing opinion:
OKAY
“I prefer [x], and here’s why.”
“I like [x] better than [y].”NOT OKAY
“[x] is better that [y].”
“You’re wrong.”Oh please. So if you have $150k to spend, a condo in SD isn’t better than a burnt-out shell of a house in Dee-TROIT for the same price?
Sometimes some things are really better.[/quote]
After reading your posts for a few weeks its clear that some people are also
July 18, 2012 at 1:25 PM #748319ParticipantSo you claim that no one is ever wrong? Guess the KKK and the flat earth society just have differing opinions.
July 18, 2012 at 1:55 PM #748322briansd1
Guest[quote=spdrun]
PS – BG reminds me of an NYC lady (in a good way), speaking her mind and not caring who whines about her opinions. Perhaps she was from the right coast in a past life.[/quote]
hahaha…
I think BG, is an old school CA girl who want to reclaim her California like it was when she was young.
I agree with BG on location, location, location. But people will pass on location for newer, more comfortable houses. That’s the whole process of development in America and especially California. That’s why people move to places like Carlsbad, or King of Prussia.
IMHO, we need a new model of development that encourages the replacement of old, run-down or functionally obsolete houses with modern comfortable housing. The world is a changing place. We can’t coddle the old folks who don’t like the changes around them.
July 18, 2012 at 1:57 PM #748323bearishgurl
Participant[quote=Ren] . . . I’ve got a boat to catch.[/quote]
Uhhh, Ren?
. . . .
I hope you are able to find exactly what you are looking for when shopping for your next home, since you yourself seem to be somewhat averse to MR.
Have a nice trip!
July 18, 2012 at 1:58 PM #748324Participant[quote=spdrun]So you claim that no one is ever wrong? Guess the KKK and the flat earth society just have differing opinions.[/quote]
LOL …
July 18, 2012 at 2:28 PM #748328Participant[quote=sdrealtor]Ren
What some posters fail to understand is that many of todays first time buyers have great jobs with higher incomes and great upward mobility but often lack two key things – time and large down payments. They want newer turnkey houses because they can easily serivce the debt but dont have $30 to $50K lying around for remodeling. They work long hard hours during the week and want to enjoy their weekends with their young children not spend them fixing paint, drywall, roofs, plumbing and electrical issues. They havent gone through multiple home remodelling projects and dont have time or interest in learning the ins n outs of doing them. Turnkey fits their financial position and lifestyle. For buyers like that its the right way to go…[/quote]This post sort of intimates that today’s younger Gen X/Gen Y cohort are the first generation who have “great jobs with higher incomes” and who would rather spend their eves/weekends with their families than on “remodeling projects.”
Actually, nothing could be further from the truth. Their forebears, as parents, ALSO made “higher incomes” and more of them were high-income one-income families, as well. The most glaring difference between the “boomer” parents in their “house-buying” years was that they generally would not even consider doing a “complete remodel” just to move in. The vast majority just bought for lot and location and remodeled one room at a time, for instance MBR/Bath one year, kitchen the next year, etc.
Even a “professional” co-worker of mine moved their family into a large Craftsman in South Park, KNOWING a corner of the house needed jacking up. AFTER they were moved in, they had an engineering firm come out and do the work WHILE they were living there!
Back in “the day,” for downtown workers, living more than 20 miles from dtn SD was considered “the stix.” Only a very low-income family (or one that needed to be near other family members) would choose to commute more than 20 miles one way to work.
It was considered far more prestigious to live in SD’s finest close-in ‘hoods than a distant suburb, such as Lakeside, Ramona or Esco, for example.
There wasn’t the far flung tracts in lizardland to choose from back then. These massive “planned communities” didn’t begin to come online until about 1988-89. SD’s urban sprawl has gotten progressively worse almost every year since then and CALTRANS cannot keep up with it, no matter how many projects they have going at one time. I WILL admit I preferred the SD Co of 1981 when we were all aghast that its population became $1M!
The biggest difference in values that I have been noticing between young parents of 20-40 years ago and young parents of today is that for young parents of today, it seems everything must be perfect straight away. This is true for their housing, their children, their children’s “environment,” etc, etc.
I’m making a generalization here, but it seems Gen Y, in particular, has little to no patience and everything needs to happen instantly or their life is in shambles.
My experience has told me that the best things come by having patience, saving up money, seizing the right opportunity and being able to see the forest for the trees.
Most of Gen Y is turning into “debt slaves” of a magnitude unheard of by their forebears all due to impatience and needing to have everything instantly, IMHO.
July 18, 2012 at 2:37 PM #748329CoronitaParticipantNot following something about Generation X and Y being in debt prison. Last time I checked, I’m pretty close to debt free. Well, actually, I have a loan balance, but that’s because interest is low so it doesn’t necessarily make sense (for my specific case) to own outright.
Not sure about the history… Time/things change.. Perhaps not necessarily applicable.. But I do like how seems like the school district is just doing swanky well in areas where people can afford the mello ruse (sic) while a good portion of the rest of the state is having issues with the state budget crisis.. Time to start going to my alumni meets so my kid has the option of going to ivy’s…At this rate, cost might not be any different..
July 18, 2012 at 3:00 PM #748330pemeliza
ParticipantBG may rub some people the wrong way but I believe that there is some truth in what she says.
However … BG you seem to be referring to an era in SD when housing close to downtown SD was much more affordable. When you could buy an old house close in to SD for 150k-200k that had good bones and a great location, that was certainly an attractive proposition for a middle class family. These days that same house is 600-700k and frankly for that kind of money most people are not looking for a “project”. BTW, those same families that bought when prices in SD were dirt cheap are also some of the main benefactors of prop 13 and have ridiculously low property tax bills now compared to what today’s family is looking at.
July 18, 2012 at 3:39 PM #748333Participant[quote=flu]Not following something about Generation X and Y being in debt prison. Last time I checked, I’m pretty close to debt free. Well, actually, I have a loan balance, but that’s because interest is low so it doesn’t necessarily make sense (for my specific case) to own outright.
Not sure about the history… Time/things change.. Perhaps not necessarily applicable.. But I do like how seems like the school district is just doing swanky well in areas where people can afford the mello ruse (sic) while a good portion of the rest of the state is having issues with the state budget crisis.. Time to start going to my alumni meets so my kid has the option of going to ivy’s…At this rate, cost might not be any different..[/quote](italics added)
flu, you are clearly the exception here. And my understanding is that your tract’s MR is not very high. (Correct me if I’m wrong.) I’m aware that a HUGE portion of MR is allocated the respective public school districts. If a young family only has a baby or toddler or a buyer’s children have already finished school, why pay MR years before you have to or years after your family doesn’t use the schools anymore! For that matter, why pay it at all? Is the difference is school services the MR buys really WORTH $2500 to $5000+ annually? The reason I ask this is because MR is not typically used for teacher salaries. It is used for infrastructure, maintenance and possibly programs (not sure about this).
In almost all the CA districts, the most experienced teachers with the most seniority are granted the work assignments of their choice. More often than not, these choices are schools in the the most established areas where families have the resources for school lunches, school trips, extracurricular activities, etc. These schools very often are in older (expensive) coastal areas.
Buying a family home in a well-established, well-heeled older urban area in CA coastal counties all but assures your child of a good education, sans the MR and transiency of a large portion of the student body, IMHO.
Going to your college alumni meetups is a good idea, just to cultivate professional relationships for yourself. Obviously, if you are ever in a position to leave an endowment to your alma mater, that might very well “assist” your kid in getting accepted. I would do so no more than two years before your kid applies to said university, so the “admissions board” has a crystal clear memory of it.
But flu, isn’t your kid only about 5 yrs old? It’s a bit soon to know what she would even want to major in or where she would want to go.
July 18, 2012 at 4:01 PM #748336GuestThere is truth to what BG says.
The median networth of Americans is pretty low compared to other developed nations:
http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/07/18/are-canadians-richer-than-americans/Student loans are now greater than consumer debt. If a young person who’s drowning in student debt marries another one, they’ll double their debts. Not sure they can take on a lot of mortgage debt.
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