[Carlsbadliving]

I don’t know if adding MCRD’s 400 acres to the existing 600 would help. The problem is that they need another runway. Lindbergh is the busiest single runway airport in the country. I think the goal was to find a site that had 3,000 acres. That’s 3 times as big as the current airport plus MCRD.

I personally would support Miramar. Centrally located, plenty of room. Until the military gives us a better idea of why we can’t have it, that will stay my opionin. I don’t see national defense as a problem. The base would still remain open, they’d just have a commercial airport next door. How would that impede national defense? Training flights could go on as they do now. And if there ever was an attack or some sort of problem, obviously the base would take precedent. Besides commercial airports close down anyway (at least they did during and after 9/11).

[Carlsbadliving]

My landlord has owned our house since 1977. So no problems there. He thought about selling it this past spring but we talked him out of it and now he plans to sell next summer. He lives in Texas and is luckily not too in touch with the local market.

[Carlsbadliving]

Good article. I wouldn’t say however, that getting married is a mistake. As it was stated both scenarios in the article involved divorce. As long as you stay married you’re much better off. Two incomes and one house works out much better. Then you add kids to the mix. I’m currently married without kids and together we bring home about 90k/year. I couldn’t imagine adding kids to it right now. We’d barely be making it and we don’t even own a home.

[Carlsbadliving]

Two stories make sense for small lots, but if you have a choice, get a lot that holds the entire house, so you are not forced to cut it in half.

Wouldn’t a larger lot with a big yard plus a one story house be most desirable. Who’s going to make you cut it in half?

[Carlsbadliving]

PS,
I appreciate your efforts in educating all of us. I for one have learned a great deal from you. However, I don’t agree with 100% of everything you say. And I have yet to meet anyone who agrees with 100% of my thoughts. That’s human nature.

If you find yourself losing your patience with someone or some topic maybe it’s just best to refrain from replying to that topic and saving your emotion for your thoughtful and insightful posts.

And please respect the seasoned investors and long-time readers, they may have differing thoughts than you but we are all here for the same reason and I’m sure we all have the same “general” feelings about San Diego real estate.

[Carlsbadliving]

Powayseller,
Where on this website does it say that if you don’t believe in a 50% drop then don’t bother posting? You’re totally out of line. One of the things that makes this site so interesting is that we can have disagreements. One of my favorite forums was the guy from Amarillo who got on here and tried to sell us his overpriced Texas house.

Who cares if some of use don’t believe in a 50% drop. I honestly don’t think things will fall that far. Does that mean I’m an idiot? We’ll all entitled to our own opinions. Who says that your opinion has to be right?

I deeply enjoy your posts but if you’re going to name call people on this board for their differing thoughts on the market, then it’s probably best you leave.

[Carlsbadliving]

Economically, I believe that the stutus quo proctect builders. If other industries found ways to build better quality products at lower and lower costs, I don’t see why, if forced, the RE industry can’t achieve the same results.

It’s because those other industries aren’t regulated every step of the way. When you talk about the cost of the land and the cost to build the homes, you are leaving out a very expensive step in the process. If the land is not entitled, a developer will spend many years and millions of dollars obtaining local, state, and federal permits to build. All of this before you can even talk about the price of lumber or labor. These costs have increased substantially in recent years and won’t be decreasing anytime soon. San Diego is indeed one of the most difficult places in the country to build. I work for a land planning consultant and have seen first hand the red tape that developers must fight through at the local, state and federal levels to be able to build. The only reason my job exists is because the process is so complicated that a company like the one I work for can flourish. All these costs are eventually passed on to the homebuyer.

I do believe this is one reason that the real estate bust will not be as drastic as many believe. The regulations in place today will not be taken away once prices fall. The cost to build a home today is substantially higher than even 10 years ago (regardless of price of land, lumber, labor, etc.)

[Carlsbadliving]

Here’s an interesting article that provides some insight into the future of China and what impact that could have on demand for oil.

http://articles.moneycentral.msn.com/Commentary/Experts/Jubak/Jim_Jubak.aspx?msn=1&GT1=8380

[Carlsbadliving]

You could try Rancho Penasquitos. I know there are some apartments and condos right at the 56 and Black Mt Rd. It’s just a quick drive across the 56 and relatively cheap compared to Del Mar/Carmel Valley.

[Carlsbadliving]

I say no. If we’re already seeing layoffs in construction and other real estate related fields then what would be driving up wages? If anything, wages will become more depressed as out of work construction workers try to make ends meet and as everybody else cuts back on purchases and services.

[Carlsbadliving]

The workers themselves can ask for as much money as they want, but they’ll only get paid what the market will pay.
I can tell my boss I won’t work for less than $500,000/yr, but I suspect he’ll pay me a lot less and I’ll take the work because nobody else is knocking down my door to pay me that much.

[Carlsbadliving]

That’s classic!

[Carlsbadliving]

I just think you would have been better off showing us one of those $95/sq. ft. homes.

A lot of the posts on this blog have to do with America’s over-consumption and all the new McMansions. You showed us exactly what we usually bitch about and the price wasn’t that great either.

No hard feelings.

[Carlsbadliving]

It’s actually $191/sq.ft. I’d give you about $400k for that place in a few years.

[Carlsbadliving]

I find it hard to believe that a City would organize day laborers and require that they earn $20/hr. Vista has set forth some regulations that require anyone who picks up a day laborer have a license to do so (you can get the license for free at the City). A contract must also be signed between the homeowner and the laborer that describes the work to be done, how long it will last and the amount of pay. I don’t think there were any requirements on the pay, just whatever was agreed upon.

In Powayseller’s case, if you hired a company to clean your home and they sent out someone to do it, it’s totally reasonable that it would cost $18/hr. That would be the total cost (worker’s wage, worker’s comp, benefits, company overhead, etc.) The worker would probably take home $8-10/hr

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