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CoronitaParticipantI'm sure you're also going to have all the former countrywide employees screaming bloody murder when there stock/options are worthless, and there 401k which they elected to buy company stock tanks., just like enron employees. Of course no one complains when things are going up.
Sorry, if folks don't diversify and get burned, it's no one else's fault but themselves. Case in point, I'm 70% long equities. And when,if a recession hits, I'm not going to be blaming anyone if I take it in the shorts. Or, maybe I should ask for a bailout too.
September 8, 2007 at 9:48 AM in reply to: Appleton-Young tells Realtors NOT to take listings! #83860CoronitaParticipantFLU you are the man!
As you know I have had many a conversation with this seller. Her thoughts are way out there man…
SD Realtor
Guess she didn't take a look at recent comps.
Pending:
Address Zip LP BR BA ESF LP/ESF Built OMD 12613 EL CAMINO REAL F 92130 499,000 2 2.5 1351 369.36 1998 8/18/2007 3 bedrooms
12615 EL CAMINO REAL D 92130 546,000 3 2.5 1533 356.16 1998 7/16/2007 12627 EL CAMINO REAL #A 92130 549,900 3 3 1584 347.16 1998 9/4/2007 Similar offerings (doens't include any seller (owner) "incentives" which I'm sure exists)
sold
3802 MYKONOS LANE 22 92130 484,900 2 2.5 1231 393.91 2002 7/27/2007 3798 MYKONOS LANE 32 92130 475,000 2 2.5 1231 385.87 2002 5/23/2007 3802 MYKONOS LANE 21 92130 467,400 2 2.5 1231 379.69 2002 6/1/2007 3808 MYKONOS LANE 18 92130 484,900 2 2.5 1231 393.91 2002 5/25 3810 MYKONOS LANE 7 92130 487,400 2 2.5 1231 395.94 2002 8/21/2007 3798 MYKONOS LANE 31 92130 489,900 2 2.5 1231 397.97 2002 7/20/2007 3792 MYKONOS LANE 36 92130 489,000 2 2.5 1231 397.24 2002 7/13/2007 3714 MYKONOS LANE 163 92130 489,900 2 2.5 1231 397.97 2002 7/30/2007 3798 MYKONOS LANE 30 92130 489,900 2 2.5 1231 397.97 2002 6/14/2007 3710 MYKONOS LANE 171 92130 480,000 2 2.5 1231 389.93 2002 6/14/2007 3712 MYKONOS LANE 167 92130 491,500 2 2.5 1231 399.27 2002 6/22/2007 3812 MYKONOS LANE 10 92130 472,000 2 2.5 1231 383.43 2002 7/27/2007 3716 MYKONOS LANE 162 92130 494,900 2 2.5 1231 402.03 2002 8/10/2007 3710 MYKONOS LANE 169 92130 492,000 2 2.5 1231 399.68 2002 6/29/2007 3712 MYKONOS LANE 168 92130 497,900 2 2.5 1231 404.47 2002 8/15/2007
3716 MYKONOS LANE 161 92130 500,000 2 2.5 1231 406.17 2002 6/4/2007 3796 MYKONOS LANE 28 92130 500,000 2 2.5 1231 406.17 2002 6/14/2007 3796 MYKONOS LANE 29 92130 477,600 2 2.5 1231 387.98 2002 6/26/2007 3808 MYKONOS LANE 17 92130 489,900 2 2.5 1231 397.97 2002 7/31/2007 3710 MYKONOS LANE 170 92130 499,900 2 2.5 1231 406.09 2002 8/17/2007 3792 MYKONOS LANE 35 92130 480,000 2 2.5 1231 389.93 2002 6/20/2007 September 7, 2007 at 6:46 PM in reply to: Appleton-Young tells Realtors NOT to take listings! #83820CoronitaParticipantI guess I disagree MM…
Actually I think she is making a point that most people on Piggington complain about. She is simply implying, don't take listings for sellers who are thinking about fetching an unrealistic price. Don't waste time with unmotivated sellers whose homes will simply sit on the market and not do anything.
I don't like her underlying reasoning that this will do nothing but add to the inventory numbers but overall I think her message is not bad.
How many posts have we seen where someone raves about some overpriced home saying, "What is this seller thinking?"
SD R,
Funny you should mention this. Guess who recently just relisted her 2/2 condo? Yup, that's right. Ms. Fishtank lady herself.
http://sandiego.houserebate.com/search/homeview.asp?id=1666225&p3=-1&ix=78
It's the fishtank that makes the $30k difference, right?
All together now. WHAT THE HELL IS THIS SELLER THINKING????
September 7, 2007 at 7:22 AM in reply to: And who were the folks that said government jobs and job security in the the same sentence? #83702CoronitaParticipantWell at least short term fix, I think interest rates are going to be cut.
Long term, we probably are going to head into a recession at this point.
Sept 18 might be the date to exit long positions after all the fed's decision
CoronitaParticipant75% stock ( consisting of 70% index unequally weighted between between international, small cap, mid cap, large large cap) AND 30% individual stocks in various areas tech, consumer staples, speciaity end retail,energy: considered speculative investment/gambling)
15% energy and precious metals
5% bonds, reits(taking a beating)
5% cash in FDIC ensured stuff.
Also doesn't count savings held in overseas (no visibility as my wife manages that portion).
Also have a mortgage of $600k.
Wife and me in early 30ies, we feel we can weather a downturn should the equities turn sour. We figured if the economy turns sour and our stock portion gets trimmed 50%, and one of us becomes unemployed and household income drops to 40% of what we currently bring home, we'd still be able to pay of the mortgage outright and live off the remainder saving/investment/cash/salary. And if the economy gets completely decimated, well we can't be worse off than everyone else 🙂
CoronitaParticipantFLU,
who is your response directed at?
Was responding to Raybarnes.
Again, I'm not trying to say that there's no job security, panic panic panic. But reality is there are no guarentees in life. And I'm not sure how "college education" got involved in this thread. But it really irks me (no offense Raybarnes) when i see the "you'd be better off not going to college" syndrome. Sure, if people want to do that, that's their choice. Years down the road, don't complain with missed opportunities. The lack of education is one of our nation's probably imho. College isn't a prereq to being successful or a guarentee, or well off, but it definitely increases your chances.
Judging by the median household income, more americans would be better off being an engineering grut in some cases.CoronitaParticipanty the way Nassua, Suffolk Police officers in New York with overtime were doing 150 a year. So much for needing a college degree.
Big deal. Dock workers can make that much too. And subway token collectors make about $70k. And strippers probably do about a few hundred/night. What's your point?
Personally I don't have an issue with a cop making $150k/year.
Folks like cops put there life on their line. I surely wouldn't want to do that personally.If you don't want a college degree, sure go right ahead. I would say college gets you in as much as opening more doors. What one does thereafter is completely up to that person. Sure, if you think you're bill gates, you don't need to go to college. The problem is most people are average. They aren't the type that can go off and do whatever and do well, because they are just that AVERAGE. Hhow many americans are really bill gates? Wishful thinking at best. Folks want to skip school and be a moron and close doors that possibly would have been open for them because they were lazy or don't want to try, well that's there choice. But then don't complain about doing lowly work that gets outsourced or how things aren't "affordable.
CoronitaParticipantReal careers versus OTJ fly by night pros
I agree- it takes hard work to become a real engineer, doctor, attorney or accountant or even a serious financial analyst the type that gets an MBA in Finance not a fly by night real estate school or car sales dirtbag. I worked hard for my degree at university.
Exactly. A good portion of the dot com workers got outsourced. Because of just that. They were working in the lowly entry level HTML writer, "hello world" programmer that a good college or even high school grad could essentially do, and paid ridiculous compensation to do it and never spent the time to raise the bar above that. After the dot bomb imploded, the justification for pay that salary to do entry level work vaporized. That's really too bad, because that was a free entry pass for anyone who wanted to enter tech positions. Of course most of them were only interested in the IPOs that never materialized or imploded. So most of them got weeded out by some folks in bangalore. The entire outsourcing this is overblown. It's really not cheap to hire outsource labor in banglaore anyone. The cost is around $50/hr-$75/hr anyway, plus you have to deal with the language barriers, timezone, logistics,etc. Plus you really can't outsource cutting edge innovation. Maintenence, and routine crap, call centers, perhaps. Now, you could open up a development center overseas. But that tendency is just a means to hire the best from everywhere in the world.
The issue with a lot of these professions is that we get complacent as the years progress. We get use to living a cushy job, and gradually wither relative to our younger versions. I'm guilty of this myself, which I why age 40 is my magic number. That's the time where plan b goes into effect.
CoronitaParticipant"There is no such thing as job security. anywhere, any profession."
Until HMO's start eating into your bottom line.
CoronitaParticipantBut seriously, government, healthcare, higher education, well managed companies with a global reach, they are going to maintain.
LOL, you're not serious about the government and healthcare are you?
Government: shrinking fed,state,local budgets aren't going to affect employment??
Healthcare: this is one big message waiting to happen.
CoronitaParticipantGloating? I thought so. Why, over just $400k. Don't understand. Mean. mean mean mean mean.
CoronitaParticipantActually, costa mesa, in a RIF, mostly middle/low management gets cut. Because there's always a plethora of low management.
Lazy, overpaid engineers get cut. High performing, well valued usually dont. Hint, just make sure people value what your doing. Don't let them pigeon-hole you.
All those nay sayers about engineering. Good…I hope more people quit…Less of us, means higher demand. The markets are on fire now, but I guess it depends on what kind on engineering.
Folks need to quit whinning about the offshoring. If you're skills are that easily replaceable, time to differentiate yourself again, or switch professions. I plan to when I'm 40. But that's 8 years away.
CoronitaParticipantThere is no such thing as job security. anywhere, any profession. The quicker folks come to terms with that, the better off one would be. That said, one shouldn't live in perpetual fear over losing a job. Otherwise life would suck.
September 3, 2007 at 11:10 PM in reply to: cannot wait anymore, buying a condo now instead of a house at 4S Ranch, and wait to buy a bigger house later? #83238CoronitaParticipantPrecisely. That is why I wrote in my post from Saturday (Nostradumbass Strikes Back) that I don't care about house prices anymore because that is the least of my concerns at the moment. My bigger concern is how to remain employed at a high salary…and I currently work at a well known SD Start Up company (featured on Good Morning America quite frequently).
JWM,
I wish you the best of luck. I've been at numerous startups when I was still in the Bay Area. I've seen enough to know that startups are great for a few people: mainly the managing board, exec's, and VCs. Everyone else get's screwed. I guess I got lucky, because of all the startups I were at, I moved up everytime I moved, and the ones I were at either went public or I was long gone before a hemmorage occured. Times have changed… I like working at a larger company with a presence in SD.
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