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CoronitaParticipantYawn.
I don’t know EconProf… I think just about every person who is an older property owner(s) in CA that didn’t sell or didn’t miss out on the boat aren’t really complaining about how things worked out in CA…..
By far, relative to many of my peers here, I’m as the youngsters call in the “Poors”…. Those that had racked and stacked real estate here in CA and kept them are killing it.
I did ok, but not stellar great, but I really can’t complain, as much as a lot of things piss me off about CA. I never would have imagined that a POS cookie cutter starter home in 92130 that cost me $800k would be appraised for $2.2m today… Nor did I expect the POS short sales/REO condos in MM that were around $125k-$150k each during the Great Depression would be selling near $450k- $1/2 million today, nor would they be pulling in around $2500-$2900/month each in rental income.
Nor did I expect doing a cash out refinance on some of the properties at 3% for 30 years and leaving that in index funds and even less than stellar stock picks would have worked out as well as it did versus leaving it as dead equity with it doing nothing.
I never thought I would be in a position to be have been financially comfortable to retire early 17 years earlier than most of my peers outside of CA, and be able to send my kid off to college starting this year at the same time.
And there’s a lot of people in CA that did a heck of a lot better too. All those people that racked and stacked sub- $500k properties in places like “lizard-infested” Mira Mesa as BG use to call here, are smiling all the way to the bank these days with the $1.2-4m appraisals coming in…. In Mira Mesa….Admittedly, I sure as hell missed the boat on those.
Which brings me to my next point… My old neighbor, a GM for Motorola once gave me the following advice… the more can keep politics out of daily life decisions, the better off financially one will be…He was so spot on and I’m very thankful for his wise advice. God forbid if I listened to a lot of the CA doomsayers and sold my properties years ago, how disappointed I would have been missing all that gain.
Life is way too short to be bitter and stuck in this constant left versus right versus left slapfest from a bunch of old farts in washington that have their thumbs up their asses. It’s a soap opera for old and ugly people. people figure out how to make money irrespective of which political party is pissing in the winds. And I refuse to acknowledge I’m an old fart….
If moving because you want to be next to your kids is important enough for you, then good for you, it was a good decision for you. It doesn’t matter how much money you might have left on the table, because you can’t put a price on everything, and when you get old, there are a lot more things that are way more important than just simple black and white money. Never thought I would say that, but seen enough people dropping like flies recently in my age group all over the country, I’m like holy shit, many people didn’t even get to enjoy most of their life they worked to build before they croaked…. you know, as much as I wanted to have my own tech company, it ain’t gonna happen and now it’s not at the top priority of my list. But even then, as much as I find some of the things in CA annoying, I’m thankful that CA enabled me to have a way better life than I expected and can’t really complain.
And it’s so playtime…I aint going to be a grumpy old fart going to Bingo Night at the senior center wearing Depends with a soar back and with my AARP card in hand without a fight.
As some of the youngsters would say… YOLO !
CoronitaParticipantHe’s still around.
A lot of us are old now, so we’re a bit slower these days.
We need to put on our bifocals, get out our walking canes, and it takes a lot longer to put on our adult diapers and dentures. So give us a break 🙂
I just turned a horseshit 50 recently, and receiving my AARP membership kit was doubly horseshit. And holy shit, my kid is a college now. Feels like yesterday we were just in the middle of the Great Recession, and talking about starting to put money into a 529k account for a 9 month old.
It’s all downhill from here, I tell you.
CoronitaParticipantIt’s a great car (the one above is not his, but same color)…. This is where I use the expression of GenZ…
YOLO….
CoronitaParticipantBump… I’ll throw this out there Scardey and Evolsd2….
I know of a someone who is selling his 720s. If you’re interested, send me a PM. It’s red, I think it’s called “Volcano Red”….
Looks something like this.
CoronitaParticipant*Just like real estate. I would keep the car, and just buy another car. never sell. keep the 68 camaro/. I regret my parents selling their original cars, I regret giving my 87 integra in high school to my cousin.
*Test drive all of what you listed and figure out what you want instead of asking internet armchair quarterbacks. Then come back and tell us what you ended up buying.
*Consider doing maintenance yourself, that gives you more options.
Of the cars you listed above, from the perspective of maintenance….
*C6 should be fairly reliable, easy to find parts, easy to service, and plenty of support groups. And fully built ones are very interesting weapons
*430i G22 with a B48 engine should be fairly reliable, since it’s the same motor used in the Supra that Toyota vetted along with the B58. And the 8 speed ZF transmission is pretty solid and used for a long time now.Maintenance costs after 4 years, look into what is considered “normal maintenance items”.
BMW’s tend to have annoying seals that leak starting around 50kmiles+, some claim these are normal service items. They aren’t that difficult to replace yourself, but they are pretty pricey to get others to replace.
*981 fairly reliable. Mid-engines by nature are just a little more difficult to service. You can still DIY it but you’ll need to get floor ramps or quickjacks.
* f-type 3.0: also one of the few jaguar products supposedly fairly reliable.
Double check though availability of parts. Jags belong to Tata motors, so they might not part share as well as other euro cars.Availability of parts becomes a bigger issue post-covid. I have a Brit car, and while normal maintenance parts share a lot with recent BMW M-series cars, a lot of things beyond basic maintenance comes from a limited number of UK distributors- which means there could be a parts availability issue down the road. Same could be said for Fiat/Alfa products. I do almost all maintenance myself these days, in order to guarantee the workmanship (or at least know where corners are cut)…Sometimes, especially when it comes to some BMWs, there’s nothing wrong with cutting corners- it’s a calculated tradeoff.
CoronitaParticipantI think that might be a Temecula thing. But one huge advantage of Tesla’s is 360 degree cameras.
I put a front and rear dashcam into all my cars with parking mode. You never know these days.
CoronitaParticipantI’m waiting to see how solid state batteries work out. In the meantime, I figure get an ICE car that tops out with an 8500 redline while you still can, heh heh.
CoronitaParticipantPorsche and Mercedes so far have proven they suck at making EVs.
Porsche might redeem themselves, depending on how the 2025 Electric Boxster and Caymen launch goes.
https://www.caranddriver.com/porsche/718-ev
But it will probably be a PITA to get with how arrogant Porsche dealers are.
The rumored NE Miata might be electric in 2026
CoronitaParticipantThe mercedes EQS and Porsche Taycan, some say, have been electical gremlin nightmares. I can see that. You take a German car company, that is already known for producing ICE cars with electrical gremlins…produce a product that uses even more computers and electronics. What could possibly go wrong….
One of the reasons why I skipped the hybrid Artura, besides it’s price.
CoronitaParticipantThe preowned EV market actually looks pretty pathetic.
Check out 4 year old Porsche Taycan’s. The depreciation is around 50% in 4 years.
https://jalopnik.com/porsche-taycan-turbos-have-lost-up-to-100-000-value-in-1851281337
https://www.cargurus.com/Cars/l-Used-2020-Porsche-Taycan-c29774
The Mercedes EQS has seen similar depreciation…in one year….
https://www.motor1.com/news/714685/mercedes-benz-eqs-loses-nearly-half-value/
It’s like buying a paperweight!
CoronitaParticipantScardey, I might be selling one of my 2 miatas to make room. Both are manual and supercharged though. 😂
I finally caved and bought a car with a dual clutch automatic.
Porsches post COVID are way overrated. 911s are good cars but not so much that Porsche should be able to pick and choose who to sell to similar to what Ferrari does. And the dealers are arrogant as fuck these days. I jumped the shark and ditched Porsche and got something else.
CoronitaParticipantDecent time to buy a sports/exotic car too (minus porsche)…
I’m on my 7th car. Running out of places to park, lol.
It’s great. I can almost make it to 2 months without going to the gas station…
But when I do, it’s like making a mortgage payment…
CoronitaParticipantBTW: I think you did extremely well GZZ in OB. That’s a huge win. Like my friends terll me all the time, can’t win them all, and I had my fair share of losses elsewhere. Whatever our reasons for moving etc, it’s all good. There are parts of the US I wouldn’t mind going to myself. But I’m default lazy, so it’s hard for me to motivate. I’m kinda jealous of people who have more mobility at times!
CoronitaParticipantBest wishes for you GZZ. Sorry things didn’t work out for you out here.
I count myself lucky, because most of my rentals stayed in North County so *knock on wood* so far my rentals have been almost fully occupied, with my last condo being vacant 3 weeks due to some minor remodeling, but new tenant moved in with a lease 20% higher than previous one that moved out because they bought their own place.
I retired from tech last December, and I don’t have any plans to relocate out of SD so far.. My kid goes off to college in Fall of this year.. fortunately, I didn’t molest my kid’s 529 college account and custodial account too much, so surprisingly it did better than I expected, so they will be able go out of state up to 6 years including grad school without taking out a student loan. I was a little paranoid about my finances retiring early, but after going through the numbers ad-nausem with my financial planner, he assured me that even if I am unfortunate enough to live until I’m 90 (god please no), I won’t run out of money and end up with a surplus. So for the time being I’m staying here. Maybe that will change depending on where my kid finally ends up post college.
Financial Planner did recommend I stopped trying to day trade, lol, and to think twice about buying any more cars, lol.
It was a little weird and unsettling not working for the first few weeks. But I think I’ve found time to keep myself busy… I’ve been spending my free time volunteering at my kid’s robotics team and taking some autoshop classes, classes that I always wanted to take but never had time and that were taboo to take in my culture growing up… I’m hoping to get my CA Smog Inspector License in a few weeks, just so I know the in’s and out’s of our Smog program… heh heh. Both have been sucking al ot of time, more than I thought it would. I’ve been meaning to do more track days at Thermal, but too many scheduling conflicts, lol.
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