[an]

[quote=spdrun]Dow was at 10,4k last year in October. Even if it drops to 11k now, it’s not a big deal. In fact, it’ll be a mofo of a buying opportunity.[/quote]
It never drop to 11k but it did drop ~800 points in 9 days. Did you get in and took advantage of the buying opportunity?

[an]

One other reason why I’m looking forward to higher rates is resuming my credit card balance transfer free money “work”. It was nice a few years ago when 1 year CD was 5-6% and credit card companies where giving out 0% 12-18 months balance transfer. If we see CD rates in the teens and CC companies are still giving out 0% balance transfer, then that’s even more free money to be had.

[an]

What do you mean SRH slipped of late? For 2012, their API score is 900. Here are all the HS in Poway:
Del Norte High 865
Mt. Carmel High 821
Poway High 868
Rancho Bernardo High 848
Westview High 872

So, in essence, SRH blew ALL of the Poway’s HS out of the water. 28 points higher than the highest PUSD’s HS (Westview). Even MMHS (861) would be ranked 4th in Poway School. 4 points away from Del Norte and 7 points away from Poway High and 11 points away from Westview. I’m sure API score does tell the whole story.

WRT OP, I think it really is school depending when it comes to special ed kids. Sometimes, it might even be teacher dependent. So, don’t assume that just because the whole district on average score high that they cater to special ed kids. Do you research on the actual school and even the teachers.

[an]

De rien!

She’s very nice and never over booked, so we always get seen on time. She’s also prompt with email questions, so a lot of time, we just email her and she email right back.

[an]

[quote=SD Realtor]Or driving a school bus, or a truck or work in public transportation… or about a million other jobs that regular people have.

Couple of beers and a few bong hits. Why the hell not right?[/quote]
Exactly, why the hell not. It’ll kill off some or future polluters and be helpful to the earth in the long run anyways. We don’t need all these people polluting.

[an]

I would highly recommend Dr. De Freitas in Carmel Valley: http://carmelvalleypediatrics.com/

[an]

[quote=bearishgurl]If your parents (or grandparents) presumably had this “wonderful opportunity” (to buy 30 yr bonds at a 15% yield) in 1980 with even half or less of $150K back then, why don’t you ask THEM if any of them took advantage of it?

Obviously, if they did, you would likely be supported by a trust fund today instead of toiling away as a “worker bee,” don’t you think :=]

It doesn’t matter whether or not they were average joe6p’s at the time. Go ahead, ask them if this was “doable” at the time whilst still paying their monthly bills to live and even raise a family.[/quote]It doesn’t matter whether one can take advantage of the 70s inflation and early 80s bond rate or not. That’s irrelevant. What I’m saying I can take advantage of it if we see it repeat again.

Obviously, you couldn’t. But some people on this board obviously could and did.

[an]

BG, I was referring to a couple of rentals, not your primary resident. Secondly, where did I said this is for your joe6p? Your average Joe6p doesn’t have a couple of rental properties. Your average joe6p are the renters of these rentals, not the landlord. So, the rest of your argument about student loans, expectation, etc wrt your average gen x/y doesn’t apply.

[an]

[quote=SD Realtor]AN I also dream about the days of high rates to buy bonds. However with those days we saw inflation and mortgage rates that would make you cry. Not to mention credit for business loans. Not fun times man.[/quote]As long as it doesn’t turn into hyperinflation where I’d have to cart around a wheel barrel to buy a loaf of bread, then I think I’m better off with high inflation vs high deflation (based on my calculation and assumptions). Just look at past data: http://www.census.gov/hhes/www/housing/census/historic/values.html, look where CA housing price was in 1970 and where it was in 1980. Not adjusted for inflation, it went from $23,100 to $84,500 in just 10 years. I can only dream we’ll see that again. If history repeats itself and we’ll see the 70s/80s again, can you imagine back then buying a couple of median priced houses in 1970 and selling in 1980 for over 3.5x more? Then take that $150k gain and buy a 30 years CD in the mid teens? If you put $150k in a 30 years CD making 15%, that $150k will be about $9.9M today.

Just for fun, I ran the scenario I just described above but use today’s housing price instead. Lets assume you have 2 houses that averages out to be $350k/house. If price goes up 3.5x, those two houses will be worth ~$2.45M. If you then put that in a 30 years CD making 15%, that $2.45M will be at $162M after 30 years. Man, old folks seems have all the luck. Hopefully us Gen X/Y will get to see some of that luck someday soon.

[an]

[quote=flu]I was talking to my parents just a few minutes ago. Back in 79-80 when they were buying houses in SoCal… The prevailing fixed rate mortgage was 14.75%….Borrowing $150k cost $1866/month.

But at the time banks were doing 5 year CD’s at 18%….

Couldn’t figure that one out.[/quote]
Can you imagine getting 30 years CD in the teens %? Will we see that again in the next decade?

[an]

[quote=flu]Maybe the way I’m looking at it is wrong but I’d like to think in terms of 5 year increments..

1. Investing $140k @ 1% for 5 years produces $7141.

2. Buying a MM condo @ $140k produces an annual income (roughly) of $9200, or $46000 in 5 years.

Wouldn’t property value have to fall more than 27.8% before #1 being better than #2?

How likely is property values gonna fall an additional 27.8% in MM from this point?[/quote]
You also haven’t count in the principal the tenant paid down over that 5 years. Then there’s the tax advantages.

It also depend on whether you’re looking for a short term income or long term income. For me, investment income is more important for when I retire than today.

[an]

[quote=CA renter]Why didn’t you pick up some of the 50% off deals in 2008-2011? There were quite a few of them around — not sure about MM, but they were there in many of the areas I follow.[/quote]
That’s exactly it, not in MM. I’m still waiting for 50% off in MM, which mean most SFR would have to be around 250k. The best areas in MM should be in the low to mid 300k but they only got as low as high 400k. BTW, who said I didn’t pick some up?

[an]

[quote=flu][quote=AN]I’m looking forward to the day I can pick up sfr in my hood for 50 cents on the dollar because rates rises 100%. Any chance that will happen?[/quote]

mmmmmmmmm hahahahahahahahaha
hahahahahahhhah
ahahah
ahahahahahahahh

Since everything will be on sale at 50cents on the dollar, I’ll be buying in Del Mar and La Jolla

Until then….QE4 here we come…

http://finance.yahoo.com/blogs/breakout/fed-finale-end-operation-twist-start-qe4-183055950.html%5B/quote%5D
Damn QEx… I was sooooo looking forward to pick up a few SFR rental at 50% off. I could have sworn on this board, back in the 2008ish, someone was saying I can be picking up SFR in MM for low 200k.

[an]

I’m looking forward to the day I can pick up sfr in my hood for 50 cents on the dollar because rates rises 100%. Any chance that will happen?

[an]

[quote=spdrun]Comps in the last year seem to be within +/- 10% of my offer. Some sold at the price that was the full ask, some sold 10% below my offer price. Bit of a crap shoot.

No idea what the bank will do with the offer, but it’s nice to see some action from the seller at least. If this doesn’t work out, there are plenty of foreclosures/shorts in the Northeast right now that pay 8-9% cap, so I’m not worried.[/quote]
OK, so 10% below list puts your right in the middle of comp. So, in essence, the listing was just on the high side. Good luck to you on the offer. I’ve got SS offer accepted below asking before, only to get the bank doing their BPO then saying no.

[Author]

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