Forum Replies Created
-
AuthorPosts
-
an
ParticipantMichelins have always been bank. You have to go Korean if you want them for cheap. Kuhmo are good and usually 1/2 the price of Michelin. Goodyear tend to be slightly cheaper too. I haven’t touch Michelin since it came with my car new. I also downsized by rims and same at least 30%. Depending on how many miles you put on your car, that might a worth while thing to do.
June 4, 2012 at 7:17 PM in reply to: My next door neighbor was a cop, still under 60, been retired for more than 5 yrs #745035Participant[quote=CA renter]In order to compare the retirement plans, you have to include 401ks (along with any other retirement plans) AND Social Security, combined. Even then, it doesn’t account for the different nature of the programs — insurance/retirement/deferred compensation.[/quote]
I did. Why did you think I add in the $800k in 401k nest egg by 55? An average pension of $3k/month is equivalent to SS + ~$800k (NPV calculated) 401k for a private sector employee. Please tell me, is it normal to expect someone making a median income of $39k be able to save $800k in their 401k by the time they’re 55?ParticipantBG, no, lot size is not indicative of value. Location is indicative of value. You can increase your lot size, but you can’t change the zip code or the latitude and longitude of your lot. That’s why the RE mantra is, location location location. Not lot size, lot size, lot size. If this is true:
[quote=BG] In coastal CA counties, a larger lot usually means the property is worth more.[/quote]Then those houses in Ramona with 1/2+ lot would cost more than your cracker box, 0 lot line, detached condo in Carmel Valley. To take this to an extreme, tell me, how big is the lot of this house: http://www.sdlookup.com/MLS-120003963-2430_Oceanfront_Ave_Del_Mar_CA_92014? Do you think most houses on many acre (even in RSF) would be more expensive than this one?I didn’t say 1/1 in MM. Based on the prices from the 70s and 80s, most of the mortgage(if not refied to take cash out) would be around $300-700/month. That’s probably cheaper than most 1/1 anywhere in San Diego County. So, I’d say, a 60 year old with a free and clear house or a 50 year old with 10 year left on their mortgage of about $550 would be more stable than those in their 80s with failing health. Try making repair when you’re on fixed income and your health start failing. Maintain your house would probably be pretty low on your priority list.
BTW, how can you own a house for 50-55 years if you’re only 73? Are you suggesting people who bought in the best area of CM bought when they’re 18-23 years old? I’m not that old, but maybe you’d know something I don’t.
There’s no apple to apple comparison between CM and MM. So, you’re trying to compare something that’s not comparable. Now, if you want to compare the whole area, then if you’re going to pick the best of CM, then it would make sense to compare with the best of MM.
ParticipantBG, I never claimed MM have big lot. So, I’m not sure why you’re bringing up lot size.
How is it any different, wrt to the “stable” home owners, when they either own their house for 50+ years and are nearing their death bed and those who either own their home out right for 30+ years to those who are 20 years into their 30 years loan? If anything, those 50+ years owners area might be more likely to have a flood of property hitting the market due to their owner dying vs an area where the owners are just starting to enter retirement. Regardless. Both areas have plenty of owners who are or soon to be retiring who have no plan on moving. Sounds pretty stable to me. I would say an area with owners starting to enter retirement are more stable than those area where its owners are nearing their death beds.
You do you the South East corner of MM is the worse part of MM, right? For you to compare the worse part of MM to a better part of CM? hmm… that’s a good comparison.
[quote=BG]91910 used to be considered “better located” than MM as well and it certainly is more convenient to dtn SD. When SV took off and SD was considered to have “arrived” on the “high-tech map,” MM slowly gained value over areas which were not close to thousands of white-collar jobs. Things change over time. That doesn’t make one area better or worse than another.[/quote] huh? So you started off saying 91910 used to be “better located”, i.e. it’s not better located anymore. Yet, you ended saying it doesn’t make one area better or worse than another?
I don’t know if UC, LJ or DM is on fire or not, but CV is pretty hot as well.
You had a pretty long post just to basically say, RE is all about location, location, location.
ParticipantWhen talking reliability, I think the Japanese (Honda, Toyota, Nissan) have the German beat. My 8 years old G35 is still running like a champ with almost 100k miles and a couple of track days. I don’t drive it like a granny either. It often see redline a few times a week.
Unfortunately for me, I’ve been power hungry for awhile. Every new (not brand new but next car) always have more power and better handling and my next one won’t be any different. Because of this, although I’d love to stay with Infiniti, since it has treated me well, I have to go German since Japanese have no real option for me. At least not yet.
Participant[quote=flu]CPO of M5’s are better deals than M3’s. I guess folks that buy at this price point typically don’t buy preowned, which makes them great deals.[/quote]
I totally agree. I’ve been keeping an eye on M5 and M3 and that’s what I noticed too. The price difference is around $5k. I’d pay $5k to get the extra power and extra space. Maybe BMW will fix the steering and road feel problem in a year or two. BTW, this M5 is freakin’ porky. Last gen M5 barely broke 4000lb and it has a V10. For them to reduce it to a V8 and add 200lb is stupid. Too bad they can’t make this car weigh around 3800lb.Participantdeleted.
ParticipantBack on topic… 2 properties just went pending after 4-6 days after listing.
http://www.sdlookup.com/MLS-120027529-10957_Welsh_Rd_San_Diego_CA_92126
http://www.sdlookup.com/MLS-120027363-8624_Bennington_St_San_Diego_CA_92126The first one went pending after 4 days and was sold in 2 years ago for $355k. Listing price is $350-400k. Would be interesting to see what the sale price would be. This would definitely be an apple-to-apple comparison for 2010-2012 price.
The second one is a flipped that was covered by another thread. Flipper should make out very nicely on this one.
ParticipantYou’re right, price wise, it should be compared against the 550. But performance wise, because of AWD, it’s only .1 second slower to the 1/4 than the M5. They complained about steering and driving feel. Which is what you mentioned before as well. So, it seems like BMW have lost its touch, at least for the M5 level. Losing to the E63 no less. The E63 actually wipe the competition in chasis portion. It’s also the lightest out of the 3. BMW have definitely gotten porky.
I hope the M3 doesn’t disappoint either. I’m going to be looking at a CPO car in 5 years or so. M5 was high on my list, but after this comparo, I have to test drive to see if the ranking is warranted. Hopefully the new M3 won’t gain more weight. I’m hoping it’ll come in at ~3300lb.
ParticipantWho read the latest C&D comparo between M5/E63 AMG/S6? M5 came in dead last. Oh how the mighty have fallen. I had high hope for the M5 too. At least the E63 was close to the S6. The M5 is a distant 3rd.
Participant[quote=bearishgurl]92111 Clairemont is a better location overall than MM (discussed on other recent threads), IMHO. In addition, the one-story houses on the “Mtn Sts” tend to be a little larger than one-story houses in MM and the many canyon-rim lots they are situated on certainly are bigger than the average MM lot. Quieter with less traffic and less parked vehicles on the side streets, more mature landscaping and an older, “stable” resident base make this area worth more than MM, IMO. I could certainly understand why there are not many current SFR listings there with asking prices <=$500K. There is a lot of equity in Clairemont but it is tied up in properties whose owners are endeavoring to live out the balance of their remaining lives peacefully :=][/quote] Thanks for the laugh BG. Better location is debatable, but to say it's worth more because of its "stable" resident, didn't you read the MM thread you just linked to that say there's virtually nothing for sale in an area that have over 70k people living in it? Most people who live in MM bought their house for well under $200k 20+ years ago with mortgage payment that's cheaper than a 1/1 apartment. Which is why they're not selling and many probably don't intend to sell. How's that any different than CM? When's the last time you've been to MM and CM?
Participant[quote=sdrealtor]When this house sold for $270K the market for it was about $350K fixed up. I dont know if it will go to $394K but it should go about 10% above the $350K of just 2 months ago.[/quote]
I don’t think the market was $350k. I pointed out this property: http://www.zillow.com/homedetails/8147-Gold-Coast-Dr-San-Diego-CA-92126/16831631_zpid/. Sold in early April (went in contract in March). The closing price was $399k. Bennington area is slightly worse, so I would give it $10k-$20k less. Not, $50k. I might be wrong, but I don’t think I’ve seen a flip that sell for $350k in the last 3-4 months if not the last year.Participant[quote=AN][quote=sdrealtor]My prediction was a list price of $350K and selling in 30 days or less. It is actually priced at $394,000 and depending upon how greedy they are it could take a little longer to sell.[/quote]
My prediction is they’ll get their asking price of $394k w/in 30 days.[/quote]
It’s now pending. That’s 6 days from hitting the market and going pending. Now, the question is, what would the closing price be? Going pending after 6 days, it has a good chance it’ll close at asking price. Going pending for full asking price after 6 days is normal, right? It can’t possibly be the area is “on fire”?Participant[quote=flu]Thanks. So with this small sample, roughly 40% is investor activity…Wow….
I guess with the stock market trashed, the CD rates/interest trashed, people are looking for better returns….[/quote]
We’re not geniuses after all huh? -
AuthorPosts
