[CardiffBaseball]

My son used to have pretty bad asthma attacks when we lived in Dallas. I forgot all about that until Amy mentioned it. They went away once we left for Ohio and moving to California hasn’t changed anything, he is now seemingly Asthma free for the last 6-7 years.

So I guess for the sake of the health of my kid I can put up living around you leftie’s 😉

[CardiffBaseball]

mixxalot I am all for buying in texas if it makes sense to you, but one thing to consider is that you never consider a home an investment in that state. The reason being is that there is no end to how far out someone will build. In the greater Dallas area, Mckinney, and Wylie and places further out, have had a ton of building. What this means to you is that as long as people are willing to move to the next outer ring (and if course they are) that you don’t get the appreciation elsewhere. So by all means buy in Texas because you work there and enjoy it, but I wouldn’t buy there as an investment.

[CardiffBaseball]

I didn’t mean to sound like a Cardiff snob, because the coastal living for me is location driven. Better weather helps, but my ride to work is 25 minutes, and we live near the private school that my family goes to. I have no particular affiliation to Cardiff other than it’s where I rent since moving here a little over two years ago. If were buying I’d absolutely consider inland Encinitas as the price per Sq. foot difference is just too large to ignore.

I feel safe in predicting I won’t buy in Cardiff even if there is a crash. I’d rather live a couple of miles inland, and not be in a 1040 Sq. Foot box.

We actually play our first game in Temecula (pop warner) this weekend, though it’s not at Chapparal. I should start checking the back streets…

[CardiffBaseball]

Like Allan I was in Temecula last Saturday for the Pop Warner weigh-in festivities. We had an early scrimmage in Fullerton, had to drive across 91 and over to Temecula. As an aside, this was my first time on 91… that was 20 miles of my life I’d like to have back. That was worse than the I-5 Coastal slowdown around Solana Beach any day.

Finally we make it to the Winchester exit where traffic is stacked up about a mile to exit the freeway. It was another 15-20 minutes (counting the wait on 15) to arrive at Chapparal HS.

So while to each his own, I would try and find a job in Texas if I couldn’t get a good home in Temecula for around 200K. Of course I’d only move there if I was working in that area but that’s because I hate sitting in traffic. In any case being an 1-1.5 hours to the beach might mean Temecula should be a little higher than Texas, but not double.

I actually haven’t put any hard numbers to this, but my guess is 350K or so around Encinitas will be some kind of trigger point. If a couple years from now, I can’t find a decent SFH in that range, I might think about the Texas thing. That number is really just out of thin air to be honest. The 565K home in my other post wouldn’t seem too bad at 380k.

[CardiffBaseball]

If I had to live as far inland as even Poway, I’d probably consider Texas. 1/3 the price, no state income tax, same salaries. Sure the property tax % is higher, but if the value of the home is 1/3 less, you end up paying the same, so I can’t see what difference that makes.

I can say being in the 150K family income range that the lack of state income tax, is a far bigger savings than any extra percentage of property tax. However, with the coastal climate I at least have aesthetic reasons for sticking around here.

[CardiffBaseball]

I could swear the standard advice from an attorney once the property enters possible foreclosure proceedings is to stop sending in rent checks? Haven’t there been threads to this regard around here? I might be mixing up two different situations.

I wouldn’t assume the person in that situation has it easy they will have to up and find another place most likely at some undetermined time.

[CardiffBaseball]

I could swear the standard advice from an attorney once the property enters possible foreclosure proceedings is to stop sending in rent checks? Haven’t there been threads to this regard around here? I might be mixing up two different situations.

I wouldn’t assume the person in that situation has it easy they will have to up and find another place most likely at some undetermined time.

[CardiffBaseball]

I could swear the standard advice from an attorney once the property enters possible foreclosure proceedings is to stop sending in rent checks? Haven’t there been threads to this regard around here? I might be mixing up two different situations.

I wouldn’t assume the person in that situation has it easy they will have to up and find another place most likely at some undetermined time.

[CardiffBaseball]

Some new AM station (1700) is out there with Mark Larson and Ray Lucia occupying a big chunk of the day. My guess is since every tom, dick and harry is starting a radio station, he’ll find a home.

Also is it possible to get one good classic rock station in this town? My sons’ and I are going nuts. KGB is boring, and it’s all talk at night. Actually I prefer the mixed type format with some newer stuff, but mostly older, as long as some of the older rock is HARD. (CCR is ok, but would it kill you to play something from Van Halen 1)

This format seems to do well in other towns, but no sell here, probably the local populace is just too hip. Funny though this kid Rock band doing well in the Encinitas/Carlsbad area says it was their parents playing the classics like Zeppelin that got them started.

Ah hell this is a George thread and I am ranting about Radio.

[CardiffBaseball]

Some new AM station (1700) is out there with Mark Larson and Ray Lucia occupying a big chunk of the day. My guess is since every tom, dick and harry is starting a radio station, he’ll find a home.

Also is it possible to get one good classic rock station in this town? My sons’ and I are going nuts. KGB is boring, and it’s all talk at night. Actually I prefer the mixed type format with some newer stuff, but mostly older, as long as some of the older rock is HARD. (CCR is ok, but would it kill you to play something from Van Halen 1)

This format seems to do well in other towns, but no sell here, probably the local populace is just too hip. Funny though this kid Rock band doing well in the Encinitas/Carlsbad area says it was their parents playing the classics like Zeppelin that got them started.

Ah hell this is a George thread and I am ranting about Radio.

[CardiffBaseball]

Some new AM station (1700) is out there with Mark Larson and Ray Lucia occupying a big chunk of the day. My guess is since every tom, dick and harry is starting a radio station, he’ll find a home.

Also is it possible to get one good classic rock station in this town? My sons’ and I are going nuts. KGB is boring, and it’s all talk at night. Actually I prefer the mixed type format with some newer stuff, but mostly older, as long as some of the older rock is HARD. (CCR is ok, but would it kill you to play something from Van Halen 1)

This format seems to do well in other towns, but no sell here, probably the local populace is just too hip. Funny though this kid Rock band doing well in the Encinitas/Carlsbad area says it was their parents playing the classics like Zeppelin that got them started.

Ah hell this is a George thread and I am ranting about Radio.

[CardiffBaseball]

mgubnyc1 if you feel that way then don’t you also feel a home should not be some ridiculous multiple of the median wages? If this can’t be sustained homes must go down in price, it’s basic Asset Bubble Popping 101.

Something has to give, and the pain will be felt among the following:
– Fscked wholesale mortgage companies going out of business
– An entire career path (mortgage broker) getting wiped for all but the really sharp. Check Broker outpost which is starting to get infested by MLM recruiters.
– Investors tied to CDOs, or MBSs in any way
– Homeowners who were banking on continued appreciation, or for that matter any distressed seller.

That last one we can’t avoid, just because you don’t want to see it happen. Also some of these “innocent” nurses were signing their names to fraudulent documents.

[CardiffBaseball]

mgubnyc1 if you feel that way then don’t you also feel a home should not be some ridiculous multiple of the median wages? If this can’t be sustained homes must go down in price, it’s basic Asset Bubble Popping 101.

Something has to give, and the pain will be felt among the following:
– Fscked wholesale mortgage companies going out of business
– An entire career path (mortgage broker) getting wiped for all but the really sharp. Check Broker outpost which is starting to get infested by MLM recruiters.
– Investors tied to CDOs, or MBSs in any way
– Homeowners who were banking on continued appreciation, or for that matter any distressed seller.

That last one we can’t avoid, just because you don’t want to see it happen. Also some of these “innocent” nurses were signing their names to fraudulent documents.

[CardiffBaseball]

mgubnyc1 if you feel that way then don’t you also feel a home should not be some ridiculous multiple of the median wages? If this can’t be sustained homes must go down in price, it’s basic Asset Bubble Popping 101.

Something has to give, and the pain will be felt among the following:
– Fscked wholesale mortgage companies going out of business
– An entire career path (mortgage broker) getting wiped for all but the really sharp. Check Broker outpost which is starting to get infested by MLM recruiters.
– Investors tied to CDOs, or MBSs in any way
– Homeowners who were banking on continued appreciation, or for that matter any distressed seller.

That last one we can’t avoid, just because you don’t want to see it happen. Also some of these “innocent” nurses were signing their names to fraudulent documents.

[CardiffBaseball]

What was the phrase… In God we Trust, all others bring data? I am too lazy to use the search engine.

mgu have you spent much time reading about the fraudulent activity on the bubble tracker? In many neighborhoods “especially Murrieta, home of the giant scam” many houses probably base comps on all the sham sales that went on. This falsely inflated the market with comps out of line with the local economy. If they scamsters added 140K to the sale, and the neighbor (Joe Zinfandel err Joe 6-pack) now think their home is also the same value, who is to say they really lost 140K. Well perhaps put in a better light, the 140K they thought they gained was not due to market forces. Remember many of the nurses in the Murrieta scam had multiple homes, so it’s less hard to feel sorry for them.

Also, as an individual investor, if you want to get into the stock market on margin you have to put a little skin in the game. In housing you show up with nothing down, state your income, and wind up with an 800K loan.

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