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[quote=Huckleberry]Is your primary a non-recourse or recourse loan?

How about you investment property loan?[/quote]
Iirc, refi are all recourse, right?

[an]

I’m hoping my primary mortgage will be equal to the rent of a 2/2 condo soon. Right now, its a couple hundred more.

[an]

I’m hoping my primary mortgage will be equal to a 2/2 condo soon. Right now, its a couple hundred more.

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Glad to be of help flu. I’m getting ready to lock and load for my primary as well. Maybe in a month or so. I’m currently at 3.625%. Just finished my investment at 3.75%, so I have to wait a few months before doing it again for the investment. Hopefully it’ll be in the low 3% by then.

[an]

Talking about Tesla, I went to UTC and swung by the Tesla store to see the car in person. Overheard the sales girl pitching the car to a guy who asked how fast is it. She said, it’s 0-60 in 4.4 seconds. Then he asked how much is it. She said it starts in the $60k. But she forgot to mentioned the $60k model can’t do 0-60 in 4.4 seconds :-D.

What’s even more funny is they have a simulator to see how the car perform in various condition. They advertise 300 miles range, but if you drive during the summer with AC your mileage drop to around 240 miles and in the winter, it drops even lower to 220 miles. They also stop the simulator at 65 MPH. They also say a 400 miles trip would take almost 8 hours instead of your normal 5-6 hours. That’s also assuming you’re driving on flat road instead up a mountain (like on the grapevine).

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[quote=Jazzman]How much is a lot? And what is driving it? How much does it matter what is driving it? I just hear the same pre-bubble drum pulsating just beneath the surface, scarcely able to constrain the ferment as it grasps at it’s old friend ‘greed and stupidity’, discarding cautionary notes and rationale with its usual careless abandon. You know, good luck to you, if that is what you want.[/quote]
I’m sure you can look at the data yourself. It’s not that hard, just click on the chart at the bottom right of the page. As to what’s driving it, your guess is as good as mine. I’m neither a permabull nor a permabear. I’m just a realist and state the data as it presents itself. I’ve been around here for over 7 years and have been beating the bear drums before the crash and throughout the crash. But I switch gear when it became much cheaper to buy than rent from day one. I got even more bullish in areas where cap rates become 7-8%+. You didn’t find me beating the bull drum in 2004 much less 2006-7 when it start to decline and you won’t see me beating the bear drums today. When price has risen over 10% w/in 1 year AND PITI is cheaper than rent.

I’m neither greedy nor stupid nor discard cautionary notes and rationales. I look at data and come up with my conclusion. I’m glad you have to resort to personal attacks to prove your points. Especially when you can’t back it up with data and numbers. I can easily back mine up with cap rate, PITI vs rent, etc.

[an]

[quote=bearishgurl][quote=AN][quote=bearishgurl]They got $20K just for defecting to the other company in January 2012 and then another ~$16K raise in July. PLUS a much more comprehensive benefit plan. And now they’re in line for ANOTHER raise/promo in July 2013.

Graduated May 2011 but finished all credits December 2010, so only out of college 3 weeks before starting first position in SF in January 2011 (without actual degree in hand).

This never, ever would have happened in my kid’s field in SD. Not in a million years.[/quote]
With your last paragraph, I’m assuming your kid is not in tech. That’s pretty good to get $36k increase after 2 years. Seems like your kid’s field is hot up there. What would your kid pay be like if he/she jump to a job in SD today?[/quote]

I’m guessing $40-$50K and prob have to wait until somebody dies to get a promotion. But they likely wouldn’t get hired here over other, more fluent, Spanish speakers.

That’s the way it is in SD in many business positions.[/quote]
So, is it safe to assume then that for your kid’s profession, they’re getting paid over 2x compare to down here?

[an]

[quote=bearishgurl]They got $20K just for defecting to the other company in January 2012 and then another ~$16K raise in July. PLUS a much more comprehensive benefit plan. And now they’re in line for ANOTHER raise/promo in July 2013.

Graduated May 2011 but finished all credits December 2010, so only out of college 3 weeks before starting first position in SF in January 2011 (without actual degree in hand).

This never, ever would have happened in my kid’s field in SD. Not in a million years.[/quote]
With your last paragraph, I’m assuming your kid is not in tech. That’s pretty good to get $36k increase after 2 years. Seems like your kid’s field is hot up there. What would your kid pay be like if he/she jump to a job in SD today?

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[quote=Jazzman]Ctr70 the median can prduce results all over the shop. Look at Rich’s comments for condos recently. I’d definitely put more weight on CS[/quote]
Rich’s comments for condos recently is correctly. But I don’t recall him saying the same about median price. He also said CS # are backward looking and stale. Just like what ctr70 said. If you look at $/sq-ft # from 5-6 months ago, that match up with what CS data shows, which is pretty flat. But over the last 5-6 months, price went up a lot. You can click on the link on the bottom right of this site.

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[quote=bearishgurl]This kid WAS working in SF just ~1 mile from home. But early in 2012, they got an offer for $20K more annually (to start) and better benefits to work in Sunnyvale for a similar firm. Only out of college 1.5 yrs, they took it and have already gotten promoted once this year :=][/quote]
That good that your kid is taking advantage of the high demand up there right now. With regards to the $20k after just 1.5 years out of college, without more info, there’s no real conclusion that can be drawn from that. Was your kid under paid before? Did your kid got hired into a higher demanding role? Just for point of reference, when I graduated many years ago, I got a $10k raise just 6 months out of college. A year and a half later, I got another $15k raise. All of this happened in SD and not during the .com bubble either. So, $20k in 1.5 years after graduation isn’t that far fetch today and being in the bay.

[an]

[quote=bearishgurl]Arrgh, one of my kids just told me this morning that it took them over five hours to drive from work (Sunnyvale) to their home (SF 94107) last Friday night, due to shoppermania, travelers and accidents on both the 101 and I-280. They had considered crossing bridges and then coming back across the SF/OAK Bay or GG bridges but the SM/Dumbarton eastbound bridge entrances were backed up as well :=0

A one-way trip is ~35 miles.

Where are you renting now, Smells Feeshy?[/quote]
That’s exactly why I would never want a long commute again. I used to commute 35-40 miles one way and I vow to never do that again. Regardless of traffic condition, I can be home in no more than 40 minutes if I walk.

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[quote=Jazzman]Not sure where the 10-15% price rise is coming from. According to y-o-y Case Shiller index, prices are only up 4.3% http://www.mortgagenewsdaily.com/12262012_home_prices_case_shiller.asp [/quote]
According to redfin, in December 2011, the San Diego county sold $/sq-ft was $198. Today, it’s $220. That’s 11.1%. December 2010, it was $212, which is 3.7% increase over 2 years. But we all know price came back big time w/in the last 12 months while it declined through the last 6 months of 2011.

[an]

Maybe you should try Bing 🙂 j/k… here ya go: http://www.newhomesdirectory.com/BayArea

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That mural will be covered by the apartment when they’re done.

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Casa Mira View will have over 1800 units when it’s completed: http://www.miramesatowncouncil.org/doc/Plangrp/2008-0721%20MMCPG%20Minutes.pdf.

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