[Coronita]

Hey NeetaT.

Good news. Not trying to make more straw arguments ( get it, ha!)… But CA didn’t ban plastic straws from use.

All they did was prohibit full-service restaurants from serving drinks with plastic straws without the customer asking. You can still ask for a straw.

[Coronita]

You are brave to continue to throw money at one stock. I mean it’s great if you guess correct, but if not?

Here’s my 2cents. If you are going to have a big swing up , it won’t matter if you have 5k 10k or 15k shares. You will find the only difference will be do you win a lot or win A LOT.. Adding more shares one the way down I don’t think is a winning proposition. At least you should wait for a good earnings report before adding more.

Regarding your friend.. Unless they asked you for an opinion, don’t give it. You get nothing in return at best, and only have downside to give your opinion on something that they probably already made their mind up on. Most people really don’t want others to rain on their financial decision. Short of an anonymous blog, I wouldn’t do this to someone in person I knew well.

[Coronita]

[quote=The-Shoveler]I am not as sure a recession is coming anytime soon now.

I am thinking if the fed holds here (and communicates such), maybe a deal with China and we could be back in the race.

We will see I guess.[/quote]

I don’t think the trade war will be resolved anytime soon. China can sit it out and hope for a presidential change. China’s premiere can rule indefinitely.

Well unless the Trump side concedes.

[Coronita]

gzz,

You did the right thing by buying these at Costco. 2 year warranty + additional 2 years if you charged it on the Costco Visa.

The Samsung front loaders, at least the older generation, aren’t as reliable as no-frills top loading washers but you should be fine with the extra warranty protection.

Being space constrained, you really don’t have that many choices if you want full size…

I like the really old whirlpool old mechanical top loading machines, because they clean well and they are bulletproof reliable, and when they break down, they are pretty easy to fix.

[Coronita]

[quote=The-Shoveler][quote=flu]

Also, SALT caps don’t apply to people owning investment properties. they still write off the full property tax as a cost. Plus rent prices are still insanely high. Plus Prop 10 was thankfully defeated. No hurry to exit as a rental.
..[/quote]

Some low end properties will “still” cash flow even at this level and these rates.[/quote]

Agreed, but the question soon will be, will we want to? Let’s assume we could cash flow say at 4-5%. Would you want to deal with the hassle of a CD ends up being 4-5% with virtually no risk, and if you think the era of large appreciation is history….
That 4-5% in dealing with a rental probably doesn’t include turnover and vacancy and unexpected repairs

[Coronita]

[quote=ocrenter]

at risk of thread-jack, this may perhaps accentuate the financial benefit of mello-roos early payoff.[/quote]

Very good point. If you are able to pay off your mello-ruse (sic) early, conceivably cash-out refinance on the primary and use the funds to pay off the mello-ruse (sic)…The mortgage interest rate is probably lower than the mello-roos interest rate, you lower the property tax that will be subject to SALT cap, and as exercise for the reader, you can try writing it off with the rest of your mortgage interest deduction. I wish the MR in Carmel Valley could be paid off earlier. I tried, it can’t.

I sort of regret paying off my 2.5% 15 year mortgage early. A 2 year CD is now at 3% a 5 year CD well above that. If i left the same money in such such a laddered product, it would have been free earned interest. Many of you that kept with your ridiculously low 15 and 30 year fixed loans when rates were around 3% are going to make out like bandits. You won’t be able to rent out a comparable home these days at comparable monthly costs, so what motivation would you have to sell?

[Coronita]

Are today’s home buyers really strenching thin to buy. Or is that a hyperbole and underestimation of today’s buyers still able to buy?

I keep hearing people say “how could people afford to buy at these levels?” they must be buying and totally over extended. Do we have data on this, or that just anedectotal based on immediate personal/peer observations ?

I tend to believe people are underestimating people’s ability to buy.

that said, rising rates and a coming recession , I think will make things very interesting.. Impact of SALT probably not nearly as an issue of those other two.

[Coronita]

For some people when affordability is is already stretched as is, yes… For other people, more of an annoyance.. I don’t know, paying $4000+/month for rent for a long time would give me pause.

If one is buying a $1million+ home in CA, chances are their AGI is already high (in order to qualify for traditional lending)…They are already getting hit with AMT where state and property taxes are already limited….Thr $10k SALT caps is a larger tax hit than AMT.. But don’t think the extra tax hit will be significantly larger than many people who already have AMT tax bill to pay.

Also, SALT caps don’t apply to people owning investment properties. they still write off the full property tax as a cost. Plus rent prices are still insanely high. Plus Prop 10 was thankfully defeated. No hurry to exit as a rental.

There will be some impact but don’t see a doomsday scenario. I think when this SALT thing first came out, zerohedgy people were all over this with a dooomsday commotion.

Besides, if we wait long enough, banks may deregulate and start underwriting subprime loans again… and poof, an entire new generation of suckers are born a decade later from the Great Recession way back then.
I am kidding… ok, not really..

[Coronita]

Zk. Happy holidays. I am not taking the bait from Brian, either on this thread of the other on the “right wing media” he resurrected to start stir shit up again on a real estate blog out of all places, like I said he would do. That’s why I haven’t even even read each of his ignored posts. Like I said, I know what his motives are, and I don’t really want to encourage this mental illness. You cannot reason with someone unreasonable. Have a great holiday.

[Coronita]

[quote=zk][quote=FlyerInHi]

If I recall, ZK posted about his golf buddy who watches Fox News. Zk is too nice, but I’m sure that if he were to behave symmetrically, the friend would no longer be friend. Obvious tilted relationship. I challenge anyone to test my observations.

[/quote]

Your “observations” are made up, you idiot. Go back and read the posts:

https://www.piggington.com/rightwing_media_destroying_our_country?page=10

You assumed something. I told you back then I had already tested your assumption and proven it wrong. And here you are, a year later, challenging anyone to test your already-proven-wrong “observation.”

Brian, the fact that you are able to ignore the truth probably has something to do with what flu is talking about. You remember and believe what you want to, truth be damned.

I get mistaken for an extreme liberal sometimes, even though I’m a left-leaning moderate. The reason I get mistaken for an extreme is my white-hot, passionate loathing for donald trump and for right-wing propaganda. The reason I hate those things so much is that I absolutely despise when the truth is ignored, when people are manipulated, when people make decisions based on lies.

I would hate left-wing propaganda just as much as right-wing propaganda, but there’s so little of it, and it’s so ineffective, it’s not really hurting our country that much. But it would be hurting the country if it was as powerful and influential as right-wing propaganda.

My point, brian, is that if you’re not willing to stick with the truth, if you have to make shit up in order to make your points and back your positions, then you’re every single bit as bad as any trump supporter.[/quote]

thank you … exactly. and it doesn’t help Brian you intentionally come her and dig up old threads just to stir political shit up. I know you are having a hard time to find things to do post retirement, but if politics matter so much to you, go camp out on Breitbart or Faux News and troll people there. At least it would be entertaining.

No people, like you don’t piss me off. Just pointing out people like you are the reasons why this country have problems. I pity the weak people in this country that let people like you get them pissed off and push them completely over the edge to the opposite side.

While I might not agree with most ZK posts, if I had to work with him to reach a compromise it would be fairly simple I think. Fringy flaky people at the extremes will never be able to contribute to make this country better, because they are too busy trying to prove they are right and others are wrong. and it would be a complete waste of time to even try to engage in any meaningful dialog.

[Coronita]

Brian,

It’s people like you that caused the rise of the crazy right. If you haven’t accepted that you are a major part of what is wrong with America with your fake hypocritical air of Superiority, hiding under the guise of being a progressive liberal, then this sort of crazy alt right will continue. You might get a few victories here and there. But any sort of victory will be short lived and violently swing back and forth between two extremes. People hate your alt left type as much as people hate the fringe alt-right.

And let this be a lesson to most of the rest of you who are moderate leaning left or right leaning….

If you moderste left leaning people expect moderate right people to reject the crazy alt right that has become pervasive in America , you need to do your part and reject the crazy alt left thinking and hypocrisy fridges too.

Neither extremes is helping this country and both extremes are increasingly harming the country in the same way. Stereotypes of both always orginate from the fringes of both parties, and until the moderates of both parties can even begin to work together, both kinds of moderates need to start to acknowledge that is the first priority before anything else can be done.

[Coronita]

I’ll take a slightly different approach…. NeetaT, I’m not going to berate you for your viewpoints.

I would tend to be more right leaning moderate myself.

I only encourage you to look into what you are saying and ask yourself how awful or bad some of these things really are.

[quote=NeetaT]Oh no! Here I go again. I’m watching Fox News. Those guys are real deplorables.

They believe in:

1.) Low taxes
2.) Limited government
3.) Secure borders
4.) Respect for law enforcement
5.) They are anti affirmative action.
6.) They don’t believe in getting rid of plastic straws.
7.) They don’t believe in making people pay for plastic grocery bags.
8.) They believe in personal responsibility.
9.) They don’t believe in putting triangle signs on bathroom doors.
10.) They believe that certain criminals should be shot on sight.

OH NO!!!!![/quote]

1. Low Taxes:
Neither party these days is really for reducing taxes for the working person. The Republicans are no different than the Democrats, they are just shifting the tax burden someone else. SALT tax cap is a tax on every upper income earner in high state tax/high property tax areas. The reason I particularly like this sort of tax, isn’t because I really like more taxes. But this is the first tax I think everyone from both side of the party can feel the pain equally… So as a high net income person, you should be equally pissed about this as every else. So, contrary to your belief, the Republicans didn’t do jack didly to lower your taxes this time. They totally screwed you. probably more so than obama/democrats did (because while tax rates did go up, chances are your net worth was also doing well during that time)

2. Limited government:

Again. That’s not what this administration is about. GOP was about “free markets” and anti-tariffs. Trump’s tariff and protectionist strategy isn’t really a Republican playbook. It historically has come from left labor groups that want to justify keeping jobs here when cheaper alternatives exist elsewhere.

I think it’s a falsehood to believe that either part really believes in having a smaller government. Both parties want government to be more controlling these days, it’s a matter of what to control.

That said, I don’t think what the government is now doing (investigating Huawei, pushing back on China and trade secret threat, and curbing forced technology transfer to do business in China) is a bad thing. It was probably long overdue, many folks in the tech industry have been saying this for a long time.

3. Secure borders

Why do you think our borders aren’t secure? And do you really believe building a wall will make it secure? I mean seriously. I’m asssuming you are an intelligent professional, not some high school dropout without any critical thinking skills. If our borders wasn’t so secure, why haven’t we had more terrorist attacks? Also, food for thought. Why have there more more violent crimes commited domestically by US citizens with guns over the past few years versus a muslim terrorist in the U.S., if our border security was so lousy. Clearly, if Obama and Democrats really had an “open border”, clearly we would have a lot more Al-Queda attacks on US soil then random US citizens shooting people in schools, movie theaters, and work places, right? Why hasn’t that happen over the past 10 years?????? Does it make sense if our borders really aren’t secure?

4. Respect law enforcement:
Since when do people not respect law enforcement

5. Anti-affirmative action. Ok, I’m with you on this one.

6. Plastic straws: Have you researched why plastic straws are being eliminated? It’s a huge problem with wildlife, because often times they get ingested by animals and it kills them. Is this really that much of a burden to not use a plastic straw? Do you care about wildlife, animals,etc? I mean, you don’t even need to be an animal lover (I certainly am not). But doesn’t it even bother you that these plastic straws can harm animals? Or do you really not care?

7. What is the difficulty in carrying reusable bags? Do you really need to have free bags all the time? If each of us just reduces the number of plastic bags we don’t throw into the landfill, that doesn’t disintegrate for 7-10 years, is this really such a bad thing?

8. Ok, I’m with you on this one. But frankly, I’m sorry, most americans that even preach personal responsibility don’t actually do it themselves. Here’s what I don’t get.
Why are some people so against Obamacare but have no issue collecting Social Security? Aren’t they really both the same type of government run programs. If we eliminate obamacare, shouldn’t we do the same thing for social security? Me personally, I would accept anyone’s reasoning for getting rid of obamacare if they also felt the same consistent way about social security. Those,however, that don’t I think the real reason why they want to get rid of obamacare is because they don’t like Obama, regardless of how bad or good the program would be.

9. How does this affect you personally? Really…It’s a serious question

10. Sure, but it’s interesting who some of these conservatives identify “criminals” are. If you’re white/male, chances are you’re less of a criminal.

[Coronita]

[quote=outtamojo]Wow, so Gavin STILL offers the best overall situation for you otherwise you would have left already.[/quote]

I suspect that as annoying as some of these CA tax increases are, they really don’t impact an individual unless you happen to be an individual working for minimum wage.

People who work at minimum wage or near it would feel every pinch of of a CA gas tax increase, etc,etc…And yes, it totally would make more sense for these people to move out of state.

However, I would say that a lot of professionals still stay in CA, because on a household level, financially they would still net more money working in CA than they would in those lower cost states that also would pay a lot lower.

And also, for a lot of the opportunities in the “lower cost state”, you end up living in an area that isn’t exactly “low cost”… For example, lots of techies going to Dallas, but Dallas isn’t exactly cheap in the areas you want to live in…Example North Dallas. It might not be as expensive as it is in CA, but still not a walk in the park. And there, property taxes is not cheap either.

[Coronita]

[quote=NeetaT]OK, you have to live with Trump for two more years and I have to live with Gavin Newsom for who knows how many more years until my wife’s job here in CA ends and I can move to a low tax state. According to what you guys are saying, Trump will more than likely not get elected again and that should make you happy. Two years goes by fast. All I know is that I keep seeing my taxes go up with no end in sight. High taxes is a result of too many social programs for which I am not an advocate of.[/quote]

And I’ll repeat this again….

How much is your overall 2019 tax going up from 2018 because of the loss of your SALT itemized tax deductions is now capped at 10k

versus

How much is your overall 2019 tax going up due to california state tax increases…

I would guess, the former is much larger of a tax hit than all the state tax increases….

If this bothers you so much, again you are barking at the wrong tree. Do you realize that the GOP/Trump totally screwed over the upper-middle class W2 salaried slaves in high cost states, people like you specifically?

Second, you might move to a lower cost state, but you also need to look into how much you’ll be earning…

If you’re really feeling you are paying way too much taxes, then you probably aren’t spending enough time finding more tax shelters….

And I never said Trump might not get re-elected. I’m more thinking he might….But I’m just wondering why people still think this would be a good thing? Clearly, you’re taxes didn’t go down with Trump in office. They went up. While you are at it, you’re 401k probably now looks like a 301k too and pretty soon may start looking like a 201k…

And you might not need to worry about paying more taxes in 2019. You might have a capital loss now…

[Coronita]

[quote=NeetaT]No flu,

I don’t agree with Trump on his latest foreign policy, but I am willing to give it a little time before I pass complete judgment on his decision. I lost some money in a foreign fund due to his tariff decision, but again I am willing to give it some time before I point the finger. I think he means well he is just different to say the least.[/quote]

You have to be fvcking kidding me?

It’s almost 2 years. Have you not seen all the good people that have come and gone through his administration?

There aren’t many people left who are qualified. There weren’t many people qualified who wanted to work with him to begin with…

All the really qualified are all bowing out because they know what a trainwreck he is, even Republicans…Can you honestly say, with the straight face that Nikki Haley’s replacement, Heather Nauert is “qualified”????

And Mattias….

He had all the time. 2 years. Times up. Some of the GOP are giving up. That’s why many are retiring. They don’t want to be any part of this mess.

This is beyond left versus right. If Trump goes down as the biggest Traitor to the U.S., he’s not the only one that’s going to go down.. People are going to come with their pitchforks for anyone who supported this guy.

To still say with straight face that he “could turn around”, I’m sorry. You’re just in denial….

It’s insane who he’s appointing to important positions. Forget about “qualifcations”, all you have to do is “like him” and “yes-sir”….

Have you ever worked for a n autocratic company like this? If so, do you remember what happened to this sort of company.. At a company, it’s funny, you can see it implode over time. It’s not funny when we’re talking about the country.

You people that still want to give Trump the benefit of the doubt are defying any sense of rational logic or in thinking someone that is totally unfit irrational, and lack the temperament to lead can miraculously “change” overnight and be a completely different person, like 180 degrees different..

Have you ever met anyone that extraordinary in life that actually did that? How possible do you think it is? You know the answer to that, you just don’t want to accept it..Accepting that means you admit it was a terrible decision and he’s a terrible leader, and most people don’t want to accept they were part of something this awful…

The germans didn’t want to accept they were part of something really awful too for awhile…

I wouldn’t have a problem with Pence being President. I don’t agree with most of what he says, but I’m pretty sure he’s not a lunatic. Many of you keep to rationalize the lunatic as “something new and positive”… Are you nuts????

If you own a company, would you want someone with no experience, no temperance to be running it?

[Author]

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