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an
Participant[quote=flu][quote=AN]flu, I know what you mean. I just put an offer on a place 4% above asking and it was outbid. Not sure what the closed price would be and whether it’s a cash buyer or not, we’ll have to wait and see.[/quote]
You sure the other person wasn’t me? 🙂
Oh wait, someone had a higher bid than me too….:)[/quote]
You motha…. 😀Participant[quote=CA renter]But I could not replicate those financial moves today. Luck was the most important variable because I was at a stage in life in the mid-late 90s where I was able to buy a house when I felt that the market was at a low. If not for my entry point, the benefits at the exit point would not exist. As you’ve mentioned in other posts, you were not able to take advantage of the RE bubble like others who were a bit older than you. Timing is everything, and the ability to take advantage of certain market anomalies (unusual highs and lows) is based on pure luck, IMHO, both because of the timing and in having the means to take advantage when the opportunities present themselves.[/quote]
Of course you can’t replicate those financial moves today. Opportunities doesn’t repeat itself it the exact same way. But you could have bought a few investment properties a year or two ago and you could be refi-ing those properties today. Those are the opportunities you have today. Who know what the opportunity will be tomorrow, but those opportunities are available for all who can/could/would take advantage of it. I remember in 2005 telling someone I know they should sell their house for $700k+ when they bought in 2004 for ~$450k. They didn’t and today, that same house probably goes for high $300k. So, just because someone have the opportunity take advantage of the opportunity well all were presented with, doesn’t mean they would do it, like you.Luckiness and unluckiness are two side of the same coin. You blame the person for their actions when they were hit with unluckiness, yet you don’t attribute their actions to their luckiness, why? After all, yo-yo-ing that you laughed at could be nothing more than being hit with a bought of unluckiness. Like you said, people my age wasn’t presented with the lucky situation of buying a house in mid 90s but we were presented with the unlucky situation of housing market in 2005, when many of us made and saved enough for a down payment. I actively stopped myself from buying, which saved me a lot of financial heart aches. Not only that, it allow me to continue to save to take advantage of the crash and the low rates. So, bottom line is, just because luckiness and unluckiness presents itself doesn’t mean you can/could/would take advantage/fall victim in it.
Participantflu, I know what you mean. I just put an offer on a place 4% above asking and it was outbid. Not sure what the closed price would be and whether it’s a cash buyer or not, we’ll have to wait and see.
Participant[quote=AN]Right now, there are only 18 SFR and 5 condo for sale. The supply is pretty horrible right now.[/quote]
Spring hasn’t even started yet and it looks like inventory has already gotten worse. Now, there are only 16 SFR and 4 condo for sale today (active).ParticipantCAR, no one is discrediting that luck plays no role in their good fortune. But you seem to think luck is all that’s needed. But that’s always the case. It takes guts and risk to take advantage of that luck. Sometimes, it also needs proper planning and saving to take advantage of that luck. Prime example is yourself. In 2005, there was a RE bubble. You sold and made a huge fortune. That luck was presented to EVERYONE in US. Yet, most didn’t have the guts or knowledge or the desire for risk to sell and rent. You did and good for you. You were rewarded handsomely. Same thing happens a few years later. The market crashed and you jumped back in at a much lower price and are being rewarded handsomely with the low interest rate. Not everyone could or would take advantage of that luck. So, yes, there is luck involve, but a lot of times, you and you alone are responsible for acting on that luck.
With your example of the intelligent being lucky. They could have easily become the uni-bomber or the many who chose careers that doesn’t pay well. Then there’s good-looks. Sure you have good look but if you didn’t take advantage of that and eat like a slob and get fat, you blew that luck away. Same with athletic ability. If you don’t practice harder than most, you won’t be at the top and you won’t make much money. Or worse yet, you can ignore your athletic ability and be lazy, eat like a slob and get fat. Luck are presented all over the place, yet, not everyone can, could, would take advantage of it.
January 24, 2013 at 3:44 PM in reply to: Over 21% of homeowners in SD County have paid off houses #758505Participant[quote=flu]Well I’ve “earned it”. I definitely deserve not to be taxed more for it… And I’m glad everyone agrees I shouldn’t have to pay more taxes for it. Even if it didn’t come from traditional “sweat equity”….Oh wait….[/quote]
No, you just don’t get it. YOU didn’t earn it. So, shut up and pay up.Participant[quote=flu]But I’m at V9.1.3 beta
V( company#, #of times rejoined, #number of years)
I’m actually pretty proud of myself. I’ve never had a version longer than x.x.3 before. Typically it’s x.x.2 or less for me.[/quote]
Under this scheme, I’m at V5.1.2 beta. Hopefully I’ll stay at v5.1 for a long time 🙂Participant[quote=no_such_reality][quote=AN][quote=no_such_reality]You’ve got ten years. 🙂
I myself am going for version 2.5 of Professional NSR, it’s life expectancy is roughly 5 years. Then I need to do a version upgrade, 3.0…[/quote]
Only 3.0? I think I’m on version 7.0 right now.[/quote]V1.0 Electro-optic Enginerd
V2.X Info-Tech EngiNerd/Management (probably more than .5)
V3.X ???Something like company 9 job 21. Gen-X we get all those grand working conditions…[/quote]
Ah, that’s who you defined your version. In that case, I’m still at V1.x for over 10 years. I’m pretty sure I’m still at v1.x 5 years from now. Beyond that, who knows.Participant[quote=no_such_reality]You’ve got ten years. 🙂
I myself am going for version 2.5 of Professional NSR, it’s life expectancy is roughly 5 years. Then I need to do a version upgrade, 3.0…[/quote]
Only 3.0? I think I’m on version 7.0 right now.Participant[quote=bearishgurl][quote=Oni Koroshi]Why do you assume that the majority of these Asian students are foreign? Most of them are CA locals.[/quote]
Look on the websites of each UC campus (excluding UCM, UCR and UCSC) and they will tell you the percentage of freshmen admitted in Fall 2012 who were CA residents, foreign students and out-of-state students. The numbers speak for themselves.
It’s ALL ABOUT $$ now.[/quote]
http://studentresearch.ucsd.edu/sriweb/Profile2012.pdf
87% are from CA. 9% are interational and 4% are out of state. 44.4% undergrad enrollee are Asian. So, how is 9% = majority again?Participant[quote=CA renter]You keep referring to people who are not “like you” as lazy. Has it ever occurred to you that they might be harder-working, and even smarter than you? Some of the hardest workers are often the poorest, and I can show you many, many people with Ph.D.’s (even with your much-loved STEM degrees) who don’t even make $100K after decades on the job as a successful and proven employee.
BTW, you need to acknowledge the weakness of your STEM degree and start reading a few history/sociology/political science books. Those who are what you call “lazy” will not die, though they will adapt in a way that you will not like at all. They will kill those who they perceive to be impoverishing them and taking away their opportunities. It has always been that way. You cannot impoverish the majority of the population for the benefit of the few without some very negative effects, and God help you if you maintain the arrogant attitude that you are somehow better than they are, or “deserve” wealth and opportunity more than they do.[/quote]CAR, it’s called the figure of speech. I wasn’t saying me specifically. I mean people who adapt to the ever changing world will be just fine. While those who are stuck in the past, hoping things will return to the way they were will be left behind.
You’re right, when the wealth discrepancy becomes too great, then communism takes over. I’ve experienced it and know people who lost family members because of it. However, that’s also many years ago. Things have changed. The world is much more mobile today. If I get a whiff of that happening here, I’ll be on the next flight to somewhere else safer.
IIRC, you’re the one who constantly say people deserve X. I’m saying no one deserve anything. If you want it, you have to work hard to get it. You’re doing exactly just that, else, you wouldn’t have sold your house at the peak and buy your current house at/near the bottom. You have no idea what it’s like to be poor and have to work hard & smart & have a little luck on your side to make it. I have.
No one is impoverish anyone. I’m not advocating anyone impoverishing anyone else. Unlike you, I’m not arrogant enough to think I can change things. I can only state what I see and try to adapt myself to the ever changing world. The only constant in this world is change. If you don’t adapt, you’ll be left behind.
January 23, 2013 at 10:54 PM in reply to: Over 21% of homeowners in SD County have paid off houses #758399Participant[quote=bearishgurl]Whatever percentage it is, AN . . . it’s “free money, compounded.”[/quote]One, it’s not free money. You work for that. Two, I said you’re wrong WRT the 60%. I never said company matching isn’t a good thing.
[quote=bearishgurl]It’s kind of hard to be a “rabid saver” if one only works one day per week (or less).[/quote]No it’s not. At least not for us. We’ve been doing it for years.
January 23, 2013 at 9:08 PM in reply to: Over 21% of homeowners in SD County have paid off houses #758394ParticipantBG and Essbee, of course if you only contribute 3% into your 401A, then their match would seem big. For a typical RN ($70k/yr), you’re talking about $2100/year. No wonder savings rate is so horrible. If you actually max out your 401A + 403B, then it would be 81% employee and 19% Scripps. So, yes, you’re right, if you’re a low achieving saver, then the company contribute a HUGE amount. But if you are actually a rabid saver, then it’s not that big. Also, that only for you if you work there 20+ years. For the first 9 years, you only get 1/2 of that. For those who work their the first 9 years, it’s 90.5% employee and 9.5% Scripps (if you’re actually a saver).
January 23, 2013 at 4:50 PM in reply to: Over 21% of homeowners in SD County have paid off houses #758382Participant[quote=bearishgurl][quote=AN][quote=bearishgurl]Nurses today (even part-timers) at both Sharp Healthcare and ScrippsHealth can avail themselves of a funds-matching retirement plan (emp contributes 40% and org contributes 60%, I believe).[/quote] Wrong.[/quote]
https://www.mysavingsatwork.com/atwork/scripps/1248709047941.htm
Does Scripps match my contributions?
Yes. As an incentive to participate in your Scripps Health 401(a) Retirement Savings Plan, Scripps Health will match your contributions based on your total years of accumulated service.
0-9 years = 3% match contribution based on a 3% employee contribution
10-14 years = 4% match contribution based on a 3% employee contribution
15-19 years = 5% match contribution based on a 3% employee contribution
20 years = 6% match contribution based on a 3% employee contribution
You must be employed by Scripps Health on the last day of the quarter to receive the quarterly match.
Does Scripps make an additional contribution to my account?
Yes. Scripps Health will contribute an amount equal to 1% of your eligible pay on an annual basis as long as you are employed by Scripps Health on December 31.
https://www.mysavingsatwork.com/atwork/scripps/1248709047941.htm
http://www.sharp.com/jobs/benefits-working-sharp.cfm
http://www.myplaniq.com/LTISystem/f401k_view.action?ID=5,633%5B/quote%5D
Maybe math have changed over the years but 6% match is not 60% contribution. is 6%=60% now? -
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