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[quote=FlyerInHi]I was thinking the same but the president should be judged on how well he does for the aggregate. So let’s not confuse personal profits to what’s good for the whole of humanity. We should want win-win, not lose-win

I was raised well, so would not wish ill on others, just so I can profit. But I’m human and guilty of that sometimes. Now that the Trumpadors have who they want, I’ll be glad when Trump screws them. Then what friends will they have to fight for them? It’ll be fun to laugh in their faces and say “so how’s hopey changey workin’ for y’all?”[/quote]
I was raised not to be casting stones in a glass house. Hopey changey didn’t help them under Obama when they voted for him. I don’t expect it to be any different under Trump. Also, it doesn’t matter how I judge any president. So why waste my energy judging. All I care about is how said president affects me personally. Which will correspond to how much I can donate to charity. Which affect a lot of people. Especially when it doesn’t take much to change someone’s life in 3rd world country.

[an]

[quote=flu]Lol. I walked into my master bedroom and near the window my carpet is all wet. Like soaked…. Great, add one more thing to “fix”….[/quote]
My kid’s bedroom experienced the same thing. I thought I had it fixed the last time to rain this much. But don’t have any opportunity to test my fix. Turns out I fixed 1/2 of the problem. Time to try and fix the other 1/2 and wait for the next crazy rain.

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[quote=givdrvr]not a political post just an economic observation…
If Trumps’s protectionist policies are enacted and create a nationalist knee jerk reaction worldwide then the risk of a Smoot-Hawley like deep recession is very high.
http://www.economist.com/node/12798595%5B/quote%5D
That would be awesome. I wouldn’t, in my wildest dream, imagine I would see another 2008 opportunity again in my life time, much less this quickly. Great recession or even great depression, yielding a shit load of cheap houses to buy. Which also guarantee Trump will be a 1 term president. The next president will be a Democrat and push for higher minimum wage. Sound pretty sweet to me.

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[quote=flu]Yes, but I doubt you can find all the biotech and engineering jobs in Yuma as you can in Sorrento Valley….And because you have all those biotech and engineering jobs, you have people spending that can support all the ancillary businesses in the neighborhood, restaurants,shops, day care, kids activity businesses, etc,etc,etc. And since you have mom and dad in techville, mom and dad probably ends up spending money on little jane on john to send them to thinkgs like kumon and piano/violin lessons, etc,etc because they want them to be little tiger moms and tiger dads when they grow up.

Hence why MM is where it is where it is.[/quote]Mira Mesa might be a bad example, since MM is a town w/in a big city, while Yuma is a city in and of itself. Although, the population is about the same. Might be better to compare Yuma with Palmdale or El Centro. Those are small town that’s not near major metro cities.

[an]

svelte, I totally agree there’s two side to every story. What you and EconProf states can both be true and I feel CA’s public policies end result will yield exactly what the public officials complain about and wanted to fix (high wealth/income disparity). You have people who have high paying jobs who can survive here and stay. You’ll have people who are on welfare and section 8 who can afford to live here. All the people who are in the middle can no longer afford to live here, hence, they’ll move out and data shows it. I don’t see this trend reversing either.

As for those high paying jobs, if you net out cost of living, I don’t think those high tech W-2er are better off here. They just have more opportunities, but once they have a decent job, their pay vs rent isn’t as good as places like TX. But our weather and diversity here is awesome, so, people who can stretch it will stay/move in and put up w/ the higher cost of living.

The question is, what would happen when this migration trend continue for a few more decades. What would happen to all the rural area and small cities of CA? If you make min wage and live in Bakersfield, why wouldn’t you just move to places like Waco,TX? Weather is about the same, but you can buy a small house for <$100k vs $200k in Bakersfield. Also, in the big cities, I think that with more blue collar working (plumber/electrician/etc) moving out, those who are left will charge more for their service to afford the cost of living and due to simple supply/demand. So, net income for those high tech earner might not be so great.

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Funny thing is, that IMHO is not even the nicest house. No view and the lot is too small. There are nicer places listing right now at lower PPSF.

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That’s my favorite part of Scripps Ranch.

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[quote=masayako]2005-2008 housing crash is not a market timing call. As Rich said, “valuations were such that long-term risk/reward was very poor.”[/quote]It is a timing call because you have to live some where. You made a decision to sell and rent and hoping that you can buy back later at a lower price. How’s that any different than any other timing sell/buy? It’s just that housing is on a much longer cycle.If you timed it right, you sell at the exact peak and buy back at the exact bottom. If you timed it wrong, you could sell too early and buy back too late and not be that much better off. That is timing.

While selling before an event that have high risk and buying back soon after regardless of how the market reacted is not timing, since you’re not hoping to time your buy back at a lower point and time your sell at a high point.

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[quote=spdrun]Inflation-adjusted values were basically flat through the 60s. Also, “suburban flight” through the 60s and 70s was a big deal. Median may have gone up, but there were plenty of opportunities, like apartment buildings in NYC that couldn’t practically be given away.

Remember that NYC was basically bankrupt through the late 70s.[/quote]I don’t care about inflation-adjusted. My mortgage is fixed, so why should I care about inflation adjusted value? However, even inflation-adjusted, home value went up about 20% from 60-70. Is 20% increase what you mean by basically flat?

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Where’s your data about the depressed housing price? Here’s the data from the census: https://www.census.gov/hhes/www/housing/census/historic/values.html

Median home value:
2000 1990 1980 1970 1960 1950 1940

United States $119,600 $79,100 $47,200 $17,000 $11,900 $7,354 $2,938
California $211,500 $195,500 $84,500 $23,100 $15,100 $9,564 $3,527

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[quote=spdrun]What late 70s rates will do to housing won’t be pretty. Core inflation doesn’t predict what housing will do.

Housing went up in the 70s, but only in context. Late 60s, early 70s = riots, malaise, and war, which had a depressing effect on prices.

Be careful of what you wish for.[/quote]Housing went up in in context but X, Y, Z had depressing effect on prices? So, what you’re saying is, w/out X, Y, Z, prices would have gone up A LOT more? AWESOME.

[an]

[quote=spdrun]You mean you want 10%+ interest rates on 30-year mortgages? LOL.

Remember that housing prices aren’t included in core inflation.[/quote]What does core CPI have anything to do with the late 70s?

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It will be interesting to see how this will affect housing price.

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http://money.cnn.com/2016/12/12/investing/donald-trump-bonds-inflation-fed/index.html?iid=hp-toplead-dom

Make inflation great again. Can we see the late 70s again? Damn, it would be my dreams come true.

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[quote=mixxalot]My hope and dream would be the burst of the bubble here in southern California and San Diego real estate prices to drop at least 30-40% then I can buy that nice coastal place for under a million bucks instead of letting it sit in bank with no growth.[/quote]You and me both 😀

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