[an]

[quote=Coronita]Fermented stinky tofu is relatively inflation proof. And it’s easy to make outside, and great for that neighborly love.[/quote]
My kind of neighbor

[an]

[quote=scaredyclassic][quote=an][quote=scaredyclassic]Dog meat high end shepherd cuts are up 40 perc from last year[/quote]
I hear organic bitter melon beat it and went up 66% and organic durian is up a whopping 125%[/quote]

well, yeah, but meat is a necessity, like air and water. Can’t live without a decent slab of dog meat every day. Unhealthy.[/quote]
But durian is soooooo good! Life wouldn’t be worth living without some sweet and juicy durian.

[an]

[quote=scaredyclassic]Dog meat high end shepherd cuts are up 40 perc from last year[/quote]
I hear organic bitter melon beat it and went up 66% and organic durian is up a whopping 125%

[an]

I can’t stand eating vegetables. If I could be a carnivore, I would. But alas, our centuries of evolution say I can’t, so I’m settling to eat vegetables sometimes.

[an]

[quote=teaboy]Am I missing the point? I dont get why that is.

If you’re willing to pay $2M for a thingamabob, then 1% more is $2.02M. By your theory you’d thus be somewhat stingy not to be willing to pay $2.02M for it.
So, now you’d be willing to pay $2.02M for a thingamabob and, again, you’d thus be somewhat stingy not to be willing to pay $2.0402M for it.
So, now you’d be willing to $2.0402M for a thingamabob…

Who sets the base at $2M? You do. But that was only shortly after you realized you were willing to pay $1.980198M for that thingamabob…

tb[/quote]
I never used to word stingy. There’s a huge difference between being stingy and not caring for something enough to pay the extra 1% to close the deal.

As sdr said, you’re buying a home and not a thingamabob. There are intangible variables that goes into buying a home that doesn’t exist in most other thingamabobs.

For the same home $2m, one person would willing to pay 5% more because they really want it, while the other only want to pay 1% more, another might not want to pay any more than what was offered, and while another would not go over $1.9m for it. Worst yet, there might be someone who come in at $1.85m all cash and the seller pick that buyer.

As I said, assuming you can afford the deal, then you probably don’t care for the home all that much, so it’s OK to lose the deal because of the 1% difference.

I’ve walked away on plenty of deals when my offer price was not accepted and I also went up to where the seller is to close on the deals. It all comes down to how much I wanted the place.

[an]

[quote=teaboy][quote=an]If you are willing to walk away from a deal because of 1%,then either you can’t afford it or you didn’t really want it.[/quote]

If you’d pay 1% more, then why not 2% more? If you’d pay 2% more, then why not 3% more, etc, etc, etc…

At some point you need to assess your BATNA, or draw a line somewhere, however arbitrary it may seem.

So, I reject your hypotheses, an & sdrealtor!

Amirite?
tb

and congrats on sealing the deal, gzz.[/quote]
2% is 100% more than 1%. You’re right, we all have our own line and those lines tend to reflect how much we want the thing we wanted to buy. For a $2m house, 1% is $20k. With a 30 years mortgage, that’s $666/year more or ~$55/month. If you’re will to walk away from a $2m deal because of an additional $55/month, then either you didn’t really want it to begin with (or at least not enough to pay $55/month more) or you already were stretched to the brink and can’t afford $55/month more. BTW, $55/month is cheaper than my internet bill.

[an]

If you are willing to walk away from a deal because of 1%,then either you can’t afford it or you didn’t really want it.

[an]

[quote=utcsox][quote=FormerSanDiegan][quote=EconProf]
But I must correct a couple of commentators that suggest San Diego is not losing population. As reported in early May, it lost 11,183 people from July, 2020 to July 2021. You can google it for the various news sources.
That’s population declining for the past two years.[/quote]

I googled it and the first thing I found was the opposite of what you stated.
In God we trust. Others must bring data.

https://www.macrotrends.net/cities/23129/san-diego/population

[img_assist|nid=27720|title=San Diego population|desc=|link=node|align=left|width=100|height=46][/quote]

Oftentimes the first thing that shows up in your google search query might not be the best one. In this particular case, data that is cited by EconProf is of higher quality. Per U.S. Census Bureau population estimates, San Diego County has a population of 3,286,069 in July 2021 and 3,297,252 in July 2020. If you subtract the 2021 population estimate from the 2020 population estimate, you get exactly 11,183.

Source: https://www.census.gov/data/datasets/time-series/demo/popest/2020s-total-cities-and-towns.html

Under Incorporated Places and Minor Civil Divisions Datasets: Subcounty Resident Population Estimates: April 1, 2020 to July 1, 2021 (SUB-EST2021) section.[/quote]
2020 number is an official number and 2021 number is an estimate. Comparing official numbers to estimate is not good. Official 2010 number is 3,095,313. So, SD County officially gained 6.569% over those 10 years period. We’ll see where SD counter will officially be in 8-9 years when they release 2030 numbers. Seems like we’re debating over rounding errors at this point.

As they say, there’s lies, damn lies, and statistics. Total population changes only tell you part of the picture. Now, as for how population affects RE price, it’s more important to know what’s the population changes for people making over $200k.

Also, if population decrease as dire as portrayed, then I don’t understand why rent has gone up the way it has been over the last couple of years. Rent is as capitalistic (econ 101, supply vs demand) as you can get, IMHO.

[an]

[quote=FormerSanDiegan][quote=EconProf]
But I must correct a couple of commentators that suggest San Diego is not losing population. As reported in early May, it lost 11,183 people from July, 2020 to July 2021. You can google it for the various news sources.
That’s population declining for the past two years.[/quote]

I googled it and the first thing I found was the opposite of what you stated.
In God we trust. Others must bring data.

https://www.macrotrends.net/cities/23129/san-diego/population

[img_assist|nid=27720|title=San Diego population|desc=|link=node|align=left|width=100|height=46][/quote]
Ouch

[an]

Unfortunately, at the current interest rate, price would have to drop dramatically from here for it to make sense (comparable to late 2021 PITI level).

[an]

Apple just leased a building in Rancho Bernardo as well. So, it won’t just be UTC. Amazon also is expanding beyond their main office at Campus Point, into the office space in UTC.

[an]

It’s very interesting to see that San Diego is actually on the list for people moving in. Considering how expensive it is here. How will this affect RE prices over the next few decades. Considering that we’re still under building. Between boomers retiring and millenials reaching family formation age, which will drive home purchasing demand as they start having kids.

[an]

[quote=scaredyclassic][quote=an][quote=scaredyclassic]maybe it’s more of a venn diagram. weeds, and non-weeds overlap, and in the middle, is humanity.[/quote]
We all are human.[/quote]

Yep. We are all part of one race. the rat race.[/quote]
Nah, some lucky few have unplugged from the Matrix.

[an]

Fingers cross that we’ll see some good deal in 5 months, in the midst of winter.

[an]

[quote=scaredyclassic]maybe it’s more of a venn diagram. weeds, and non-weeds overlap, and in the middle, is humanity.[/quote]
We all are human.

[Author]

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