[an]

I took a quick look on zip realty at houses around 2000 sq-ft in Mira Mesa, Rancho Bernardo, and Rancho Penesquitos. They’re all going for about the same price. Of course, one that is newer will sell for more. As well as the one that has bigger lot. But this quick look shows that $/sq-ft of house around the same lot size are about the same price in the 3 areas. Also, if you take a look at Scripps Ranch, which is in the lowly San Diego Unified School District have higher $/sq-ft as well as Tierrasanta(sp?). So, I think your thesis is not correct about Poway School keeping the price high. Poway homes tend to have much larger lots compare to Mira Mesa as well. So that might be a big factor. You said your old house has 3-4 acres of land. Can you imagine how much it would cost to have 3-4 acres of land in Mira Mesa? I bet it’ll be much much more expensive than Poway.

[an]

I grew up in Mira Mesa, went to Mira Mesa High, went to UCSD, and now work in Sorrento Valley and living in Sorrento Valley. Several people who went to MMHS with me end up going to Ivey League schools, and other high ranking schools like UC Berkeley, UCLA, UCSD, etc. So, with my personal experience, MMHS is just fine if you raise your children right.

[an]

If you compare school to school instead of district to district, which means alot more, you’ll notice Mira Mesa High School is 90-95% as good as the best school in poway district. I’d rather pay 100k-200k less and put that into private tutoring.

[an]

As of right now, it’s 22574.

[an]

I’m almost certain it’s additive. Because accord to my credit history, it say I have 19-20 years of credit history, and I’m only 26. I do have several cards. So it only make sense that it’s additive. Remember, new cards/loan only hurt your credit the first 18 months, after that, it becomes helpful to your credit. So if you must open new cards, I suggest open all you would open in one shot, so 18 months from now, there would be no negative marks on your record. If you stagger them, then that period would be much longer.

[an]

PS: I don’t think you can do a balance transfer directly. However, there are ways around it. Cards from Citibank will allow you to send yourself a check, and there is no fee for your balance transfer. For other cards/banks, there is a fee and you can only send it to another credit card. So what you can do is transfer $ to your citi card, then send yourself a check for that amount.

Lickitysplit: The reason why I suggested the 0% balance transfer is because it will save you $ on interest. Of course the balance transfer would not increase your credit, but having one or more cards being paid on time for a year would. Those additional card(s) will make your credit history longer. The length of your credit history is one factor in determining the score. Like I discussed before, one other factor is the debt to available credit ratio. The lower that number is the better, which will also increase your score. In order to have that ratio low, you would have to have alot of available credit. Only way to do that is to get more credit cards. Remember, this method I’m suggesting assume you pay off your loan w/in the period of that 0% offer. If you don’t, then they would charge you for the interest during that period after the into period is over. So be careful.

[an]

What I would do with the 7.14% student loan is to open a new credit card with those 0% balance transfer offers. You can pay it all off by the deadline to eliminate your debt interest free. At the same time, the additional credit card will improve your credit history as time goes on. Of course opening up alot periodically doesn’t help, but since you don’t have alot of credit history, it might be ok to open a bunch at once, so in 18 months from now, those cards won’t be a negative mark on your record anymore. They then inturn help your credit because after 18 months, you’ll establish a longer credit history and have a lot of credit available. If you don’t spend/use it, then your debt/credit available ratio would be low, which will also help increase your credit too.

[an]

I expect that the bottom of this downturn will be way below the expected level of normalcy. Like everything in the world, from electronics to financial, when it goes up, it will always over shoot, and when it goes down, it always under shoot. The higher it overshoot going up, the lower it under shoot on the way down. There’s really no way to escape that phenomenon. As for the whole market tanking, I’m pretty sure there will be some sector that you can park your money. Even the last crash in 2000/2001, RE, oil, gold were great sectors to be in. I suspect there will be other sectors that will go up in this coming down turn. But if you truly believe that the whole market will tank and nothing will escape the down draft, then buy bear mutual funds like SRPSX or SRPIX. It would be alot better than parking your $ in cash.

[an]

I think the other technology you’re refering to is WCDMA or aka UMTS. They had around 1500 employees before the initial layoff. I think they have around 1000-1200 employees now. So even if they only layoff 1/2, best case, that’s still 500-600 employees needing a job. There’s not enough demand to absorb that many people. I’m in the wireless industry, working for Motorola. Used to work at Nokia 2 years ago. The wireless industry in San Diego cannot absorb 500-600 people. Which mean either they’ll have to change industry, which is not easy, especially for high paying sr. software engineer, or be out of a job, or move to a different city such as Dalas.

[an]

If you’re in the 25% tax bracket, after tax write off, you’re look at around 1700/month including tax and HOA. So, that deal might not be as bad as it look if you’re willing to front the 20% down, which is basically dead money. So, yes, it’s still more expensive than rent, this deal is getting closer to the cost to rent.

[an]

I think it’s more than a possibility now. Nokia is pulling out of CDMA completely and their division here in SD is 100% CDMA, so it probably mean they’re closing shop here.

[an]

Zillow has a long way to go to get the valuation correctly. It’s still in beta stage after all. I use it for its sold history. Which is quite useful to see who need to sell and who have room to work on the price, if they didn’t refi and pulled cash out already. I think it’s a very good platform though. If they combined with something like ziprealty.com, it would be amazing source for hunting for house and find info.

[an]

I don’t see how rent can rise alot without income rising along with it. Sure, it’s cheaper to rent those million dollar house for $3000-3500/month, but how many people can afford that. Also, if you do spend that much on rent, wouldn’t you consider buying a 600-700k house for similar mortgage? to afford $3k/month in rent, your monthly income would have to be $6k/month to make sense. That put you in the mid 100k/yr salary. That’s alot more than the $60k-70k median income.

[an]

What’s with these personal attacks. Please take the high road.

[an]

sdrealtor, so you think that 20-30% of the sellers are just testing the water and they will pull their listings off the market. Lets assume that you’re right and there really is 20-30% testing the water. According the many sites that track invetory, inventory went up about 27%. So in 3 months, inventory will go up 27% at the current rate of increase, and then drop by 20-30%. By your best case scenario, we’re looking at a 3% decrease in inventory from today’s population adjusted record high. That’s still alot of houses that need to be sold. That doesn’t count in the people that will be force to list their house because their ARM adjusted that’s not listing now. $300B nation wide this year and $1T next year.

[Author]

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