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Participant[quote=flu]Now that BG is gone, someone has to write a long paragraph that no one really reads to continue the tradition.
A better comparison should have been comparing the number or lizards and walls in stucco boxes in far flung Carmel Valley versus lizards and walls in stucco boxes in far flung 4S…..[/quote]My area win the lizard and walls award, hands down. It’s not even a competition.
Participantflu, I would take it one step further and say, if your kid is a STEM superstar, I would highly recommend them go to a coding camp at 14, then apply for an internship at a real company. All of that is real world experience. If your kid is that good, the company will continue keep them as an intern until they graduate, then you’ll get a guarantee job straight out of college and you can say you actually worked at a real company for 4-8 years, compare to other kids who don’t have any.
Participantflu hit the nail on the head. Also, one thing to also keep in mind is that, college board are now implementing SAT adversity score. So, your perfect SAT score won’t count as much if you live in Carmel Valley as it would have, if you live in South East San Diego. So, flocking to the to the highest rated school might adversely affect their chances to get into college. If your kid is that advance, stick w/ your current school and spend the time with after school enrichment, more sports, more volunteering, etc. Since school will come easy to your kid.
Participant[quote=ocrenter]
Most of Red America still point to Tesla taking the loan as why they hate the company, due to the loans’ association with Obama. Yet Tesla took out .5 billion and repaid everything, but Ford took out $5.9 billion and still has a balance. But Tesla gets blamed for taking government handout but Ford remains the quintessential America’s car company.Funny how perception works against reality.[/quote]
The difference though, is that Ford took $5.9B for their clean energy project. Ford isn’t known for their EV cars. They’re known for their trucks, which is far from clean energy. I think those who like Ford like them for their trucks and not their EV. Which is why they don’t know about the $5.9B Ford borrowed. I wonder if someone advertise that Ford takes 10x the money as Tesla for clean energy projects, would those who hate Tesla for taking the $ would also hate Ford. Since no one is screaming from the roof top about Ford taking government $ for clean energy, I don’t think my question will ever be answered.ParticipantChina has been emitting illegal greenhouse gas that destroys ozone layer, scientists find
Wonder if the global warming supporters will now support getting tough on China too.
ParticipantLooks like Microsoft is also cutting them out from using Windows. So, no Android for mobile and no Windows for PC/Laptop. No x86 and ARM. But they say they’ll release their own OS next year: https://www.cnbc.com/2019/05/23/huawei-our-own-operating-system-could-be-ready-this-year.html
LoL, good luck with that.
Participant[quote=flu]so it seems like the the tax cuts have been beneficial to people here so far…. interesting…..[/quote]
Except for meParticipantMy effective tax rate went up by 25%. My itemized deductions drop by ~50%. I guess I’m not as lucky as you guys.
Participant[quote=thejq]
While I agree with your reasoning for owning a house, the logic behind your math is flawed. Right now you can deduct $24K as standard deduction, so only if your SALT + mortgage is more than that, you can use itemized deduction. Even if so, the benefit of that is the additional amount over $24K, when comparing to renting, not 100% as in your math.[/quote]
My bad, I forgot about the new tax law. My number was from my excel sheet I have that calculate this base on the older tax law. So, even if you take out the tax benefit, you’re still looking at ~$2700 for ITI vs $2600-2800 for rent. So, depending on your tax rate, the tax benefit would vary.What make you think price would drop 25%? I think that would put ITI well below rent.
To put the numbers into perspective, at the bottom of the last crash, ITI for houses around my area were about the same as rent. So, for you to expect ITI to fall below rent, then you’re expecting price to fall below where it did at the last crash when comparing ITI vs rent. I just don’t see that happening.
Participant[quote=The-Shoveler]I would also argue that SD Job prospects seem to keep expanding with apple and amazon etc… expanding in the area.
Sell and buy what you want maybe makes sense, sell and wait, risky IMO.[/quote]Exactly. Not to mention the many tech/biotech startups around town. All you need is a couple of them to blow up like Illumina did and it’ll surpass both Apple and Amazon in term of employment demand.
Apple might grab a lot of headline w/ their 1200 employees growth, but I’m sure Illumina have a lot more than that and keep on growing everyday.
Participant[quote=temeculaguy]Sd was listed in some study as the 7th least affordable of the 50 largest metros. LA and SF being the worst. That still doesn’t mean the quote from Keynes from a century ago isn’t true today “the market can stay irrational longer than you can stay solvent.”[/quote]
This is assuming that currently, what we have is irrational. I think it’s far from it. In my previous example, a 3/2 house in MM is going for about $600k today. Rent for such house would be about $2600-2800/month, depending on when you rent (summer vs winter). Assuming you have 20% down, mortgage of the house at 4% interest rate would be $2291/month (P&I). PITI would be $3386/month. But principal is you paying off your loan. So, we should compare ITI vs rent instead. Which would put you at $2695. Now, if you take in tax deduction, ITI – tax deduction = $2249/month. Which means, if you’re buying the house as a primary residence, it’s still cheaper to buy today than rent the same house.In order for ITI – tax deduction to be about $2700/month, price would have to push to $800k at 4% rate or rate would have to be @ 6% with $600k price.
ParticipantLike some others, I wouldn’t sell me primary residence unless we experience something like 2008 again. Back then, something that rent $1700 was selling for ~$550k. Today, that $550k house is now about $600k, but the rent of that house is about $2600. So, assuming similar rent to price ratio, price would have to get to at least $760k to even be in the same ball park. That’s before we’re talking about rent to mortgage payment ratio. In 2008, mortgage rate was ~5% and today, it’s <4%. So, if we're talking about mortgage payment to rent, we'd have to get to well over $800k to be in the same ballpark. Because of this, I don't see any major crash. At least nothing that would make it worth the risk in selling and rent.
Supply is still very low. If you want to sell, rent, and hope to buy at a lower price, I would keep an eye on supply. In order for this strategy to work, you have to be pretty sure that price would have to drop enough and in a short period of time. Else, rent would eat away at your lower price saving. Not to mention time and retirement. In 2008, supply spike before price start to fall. That would be what I'd keep my eye on to guess as to when price might fall.
March 17, 2019 at 5:38 PM in reply to: Piggington’s Evoloution-when will housing prices become the discussion again. #812111ParticipantLol, this is exactly why I stop posting. TG, feel free to pm me if you want to get more insight in MM.
March 16, 2019 at 1:06 PM in reply to: Piggington’s Evoloution-when will housing prices become the discussion again. #812103ParticipantTG, I stop posting, not because I don’t feel safe. I’m not a snowflake. I just stop posting because I got to busy and arguing about politics online is a complete waste of time. No one will change their mind, so why bother.
I don’t think you should think about equidistance. I think you should think about equal time, due to traffic flow. In the morning, people go west on MM Blvd and east at night. So, if you live on the west end and work in RB, you can get there door-to-door in about 15 minutes (takes about 5 minutes to get across MM because people going the other way keep the lights green for you). From Camino Ruiz to SV/Torrey Pines would take about 15 minutes from the west side of MM. So, that’s where I think they should look. Between Camino Santa Fe and Camino Ruiz.
flu is right, those apartment complex is called Casa Mira View. They range from low $2k for a 1/1 to high $2k for a 3/2. They attract for young professionals who have the $ and want a nicer place. While the other condos through out MM is cheaper, but doesn’t have all the amenities like Casa Mira View does. Like bowling ally in house to activities. It’s also more convenient to get on the 15.
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