[Coronita]

Thank you all so far. More please.. I’m calling a bunch of these places, to get multiple offers. Will pick something in the middle…

[Coronita]

[quote=Oni Koroshi]I went through Monti at San Diego Decks. Instead of the metal frames I went with plastic covers and trex rails, kinda like this:

[/quote]

Dang that looks nice… I probably don’t need something that fancy, since it’s tiny balcony…

But I’m trying to eliminate as much real wood as possible, to avoid future termite issues where I can.

I’m thinking trex flooring, and initially thought about a trex railing that looks more traditional…But I kinda like the glass railing, and thought why not…

I did not know trex makes a glass railing system Do you have more info on it? I couldn’t find it… It might not work for my tiny balcony because those columns look big, which might dwarf by tiny balcony.

[Coronita]

[quote=Hobie]Use metal posts into concrete, then rebuild your wood. They will not rot out like wood.

They are called: steel fence post, H channel or hat post.[/quote]

Yeah, I know. Thanks. The estimates so far differ by $150 between using treated wood posts or steel posts with a wood facade. Steel for the win…

[Coronita]

[quote]admitting problems is a good first step…
https://piggington.com/ot_dontfeedthetro…%5B/quote%5D

Says someone with a drug problem…lol

I am doing great financially. Thanks for asking. At least I don’t need to live off of the real estate inherited from my parents and waste most of my life blogging, unlike…you…lol…

Stay off the drugs…

[Coronita]

[quote=phaster]guess I’m guilty of a “level 2” predisposition

but my excuse for sarcasm is, I blame a creative mind:

[quote]
Sarcasm Spurs Creative Thinking

Although snarky comments can cause conflict, a little verbal irony also stimulates new ideas

https://www.scientificamerican.com/article/sarcasm-spurs-creative-thinking
[/quote][/quote]

No, you just need to get help for your drug problem.

[Coronita]

[quote=SK in CV][quote=flu]
Yes, rent in that segment might be affected. Landlords that depend on renting to undocumented workers would be affected.[/quote]

For what it’s worth, that’s me. The landlord, not the undocumented worker. I have a good size apartment complex that is probably 40-60% undocumented. (I’m guessing a bit, it could be more) I haven’t had a vacancy for more than 5 days in the last two years. No change in the waiting list since the beginning of the year.[/quote]

Well there you go spdrun….any more alternative facts?

I wonder what min wage will look like in a few years too. What are we at now? $15/hr in some places now?

[Coronita]

[quote=spdrun]Incorrect.

Actually, I have no interest in buying such a property. Just objectively stating that immigration policy may affect rents. Not only in Chula Vista and San Ysidro, but also in parts of Oceanside and Vista.

I’d sooner buy a home of a former Trump supporter who will be affected by his economic mismanagement, and rent it to a hard working refugee family. To be honest, I’m not a big fan of Americans — I get along with 1st and 2nd gen immigrants much better.

Zero love for Trump or his policies here, but facts is facts.[/quote]

I am not buying it…I think you would be looking for any opportunity.

Yes, rent in that segment might be affected. Landlords that depend on renting to undocumented workers would be affected.

[Coronita]

Lol… First your analysis on peak oil. And then your analysis of public pension. And now your analysis on shadow inventory.

Did you find a unicorn in the forest yet?

[Coronita]

[quote=spdrun]Other consideration: San Diego County has a significant proportion of immigrants, quite a few of them undocumented. They (currently) rent a lot of property, don’t know about owning.

Immigration policy will be significant in the next year or two.[/quote]

And actually if Trump does deport some illegal aliens out of this country, then yes spdrun, you can probably find a few good deals on homes specially catering to undocumented workers on the low end near the border. That would be right up your alley, enjoy watching others screwed and equally miserable while you try profit off of it. At least though now you are admitting you would want this too happen, unlike before on a different thread you mentioned you wouldn’t want to take advantage of these people.suffering, which I thought was sort of out of character and inconsistent from the rest of your viewpoints.. You can be aspire to be exactly like Trump aas a slumlord.lol

Meanwhile, didn’t Trump crew just finish a tour in China promoting visas in exchange for $500k+ investments?

[Coronita]

[quote=The-Shoveler]Wow that’s a lot of stuff to think about flu LOL.

In my simple mind I just narrow it down to are they building enough new homes to keep up with household formation. and are they building low or high end?

IMO it will take a few years yet to catch up to demand.[/quote]

I don’t bother to think about, since if/when real estate corrects and I want to buy more, it will just happen but since keeping keep bringing this idea out whether its a bubble or not using just one or two things… ( home prices are high and/or inventory low)… just thought i’d throw out all the other things people probably aren’t considering but they should.

You bring up another thing though…. It’s not that builders aren’t building homes…They aren’t building enough affordable starter homes….Why aren’t builders building more affordable starter homes in SD and instead building more expensive, fatter margin homes?

[Coronita]

[quote=Reality][quote=flu]Here’s food for thought. If loan standards are still strict, what is allowing people to purchase expensive RE here in SoCal….

Or are we now assuming lending standards aren’t so strict….[/quote]

Here’s food for thought. There’s no inventory. Of course prices are high. It doesn’t matter how strict loan standards are, since not many buyers are needed who can qualify.

Or do you think this is a hot market? Would you say the market for gasoline was hot when the price was $5 per gallon???[/quote]

Well, you answered your own question.

Why is affordable inventory so low? Why aren’t people compelled to sell?

Do they need to?

Are they under financial distress?

Are their payments unmanageable?

Are people’s in those sketchy loans with rates resetting, making their monthly payments unbearable?

Or are most people in a historical low fixed loan payment for a long long time that won’t ever change? And with eventual inflation over 10,15,20,30 years, that fixed locked in fixed payment will get eaten away with inflation and/or a weakening USD?

Or are they even making payments? How many people own outright?

How many people put a lot down, versus barely anything down? Do they have a more skin in the game than those that recently bought with 0%-5% down.. Are the majority of the purchases done by people with more skin in the game or less skin in the game?

Are people’s property taxes rising so fast, their monthly operating expenses is outpacing their wages/income? Or is Prop 13 keeping that in check?

If older people are about to die, are there advantages to selling or more advantages to letting heirs inherit it as part of their estate? What happens to their heir’s cost basis? Is it stepped-up? What happens to depreciation recapture? Does that get reset too? What happens to their property tax basis and what does Prop 13 say about that? Is it carried over or does it get reset? What about estate taxes? Any possibility that might change and be more favorable?

Is it cheaper to rent?

How low can landlords lower their rents before they are red and losing money and have to sell?

[Coronita]

So the funny part about today is that in all of my accounts that just does the slow and steady drip drip drip index funds
(401k, IRA, Roth IRA, kid’s 529, and my after tax Vanguard account), they are all up a decent amount.

On the other hand, my brokerage account, which I use to actively trade some stocks thinking it *might* beat the market, is down $1000.. Fortunately, it’s only $170k in that account….I would like to think my stock picking skills can consistently beat the markets, but they can’t….

Sure glad I don’t even try to put all my eggs in that account thinking I’m smarter than the markets all the time.

[Coronita]

I guess the question is. Which came first, the chicken or the egg….

Is home prices high because supply is limited by people who bought early under favorable terms and not selling because rent is high, often more than owernship payments…

Or

Is rent prices high because a lot of people can’t afford/qualify to own, and therefore rental demand outstrips supply…

Or

Is this just a vicious cycle that keeps feeding on to itself…

[Coronita]

.

[Coronita]

[quote=spdrun]The graph posted is for “high price tier homes.”[/quote]

There’s plenty of other graphs in bay area that shows the same trend.

[Author]

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