[Coronita]

So question… Anyone know what a ” Deferred Sales Trust ” is, and how is it different from a 1031 exchange?

[Coronita]

[quote=moneymaker]Yep, time to hit the treadmill![/quote]

If your joints hurt, try an elliptical glider. My joints don’t hurt (yet).

[Coronita]

[quote=AN][quote=ocrenter][quote=flu-redux][quote=The-Shoveler][quote=flu]

Carlsbad now.[/quote]
Wow, close to my end of town.

Living or just working?

Carlsbad has grownup a lot in the last 10 years, kind of spilling over into the surrounds as well.[/quote]

Working, though the thought of getting a second home has crossed my mind.[/quote]

well at least you are going against traffic.

gonna be difficult to arrange a lunch get-together then…[/quote]There’s always Carmel Valley as a place in the middle.[/quote]

True. On one day each week, we’re required to take a 3 hour “recess” after lunch. I usually take that time to run on the beach. But I don’t mind driving a little bit to meet for lunch. Getting to RB though was tough. Last time I dropped my car off for a recall, it took me like 1hr 30 minutes one way.

[Coronita]

[quote=ocrenter][quote=flu]Yes, and you know what’s happening right? All the slightly weaithier ones (including the ones that made an honest business) are quickly trying to move their assets to Europe, the U.S. and Canada. Because when the crapper hits the fan, anyone that is wealth(ier) is a sitting target by the government.[/quote]

very timely WSJ article:

http://www.wsj.com/articles/china-capital-outflows-bubble-below-the-surface-1474357050

[img_assist|nid=26028|title=chinese capital outflow|desc=|link=node|align=left|width=466|height=351][/quote]

Yup.. That outflow has to be parked somewhere…..

[Coronita]

[quote=harvey]C’mon, we need characters like phaster to keep this place interesting.

Imagine if everybody here were just posted lifestyle humblebrags.

I’ll take a phaster post any day over another “I love my property in Hawaii because it’s where I celebrate the holidays with my kids when they are on break from their Ivy League schools…”[/quote]

Harvey, actually, I’m not the one suggesting anyone should get banned. Not phaster, not BG, and no one. I mean, it’s a free country, do whatever you want, so long as the blog operator is ok with it.

But, if you post something in far left field, and then someone like me says “WTF”, and then you say I’m ill-informed or an idiot…Well, ok….If that floats your boat.

Just like if you post a bunch of shit about immigrants or ethnic insensitive crap, then be prepared to get a shit storm from someone, and don’t come back thinking you were a victim.

[Coronita]

You know phaster…

For someone like you that “brags” about being “scholarly” and an “independent thinker”, you sure spend a lot of time on blogs writing a lot about just how “independent thinking” you are, and you sure spend a lot of time trying to convince others exactly how “independent thinking” you are.

Now why is that? I mean, if you truly were independent, why would you be posting all this random TMI on a financial/real estate blog, when you have a dozen or so other blogs (including your own, if you have one) you could be posting this at, like philosophy, end of the world, etc.

Why do you find it so necessary to find people who will validate your independent thoughts? If you were really independent “thinking”, you would be comfortable with your thoughts and wouldn’t need to be fishing this blog and a bunch of other blogs for complements or self-validation for your viewpoints.

And what’s wrong with talking about money? This is a real estate blog. The purpose of this blog is (or was) to talk about real estate and investing and money. Concepts that these days have eluded many of you nutjobs that apparently can’t find a better blog to post this philosophical rant masqueraded as a dig into public pensions, fiscal crisis that somehow is related to real estate prices in San Diego.

I mean, most off-topic posts are amusing. But, you’re trying so hard to seek validation of your philosophical opinions, I just don’t get. Same post, over and over again.

And don’t give me your elitist “philosophy” about how money isn’t important. If you really felt that way, you wouldn’t be here and/or you didn’t have to work hard for yours because you inherited something from your parents, which allows you to take everything they worked hard for granted. Afterall, apparently their hard work allowed you to waste so much of your time now. None of your posts, your rants, your screaming of the sky is falling is really going to move the needle about whatever your issue with public pension, Calpers,etc. Your posts aren’t making anyone “more aware” of a problem, or going to get anyone to change anything. People think there is a problem, already think there is a problem. People who don’t know and don’t care, still will don’t know and don’t care. Whatever “fix” will happen will be determined by the courts, which you have little or no control over when and how that will happen. Welcome to the wonderful world of mental masturbation that gets you nowhere.

[Coronita]

Very very interesting article

http://www.cnn.com/2016/09/22/us/immigration-attitudes-cnn-kff-poll/index.html

I wonder how many people can relate…..

It’s very interesting on the split in opinion goes between people with education and people without, though no surprise there.

[Coronita]

[quote=bearishgurl]Thanks for posting an accurate description of NYPD’s thorough, boots-on-the-ground investigation and apprehension of Rahmani, spd. This kind of material on the forum keeps the tin-foil hat wearers (ex: flu aka flu-redux aka bullishgurl, et al and others) in check :=0[/quote]

Ok, I’ll do something that YOU NEVER DO. I’ll admit, I was wrong about this, because I haven’t followed it closely this story closely.

So I stand corrected.

When was the last time you admitted you were wrong? Ever? And you certainly have been wrong many many times, haven’t you.

You see this is exactly why you are a hypocrite. You point fingers when people are wrong, and you are the worst offender and never admit when you are, even when facts clearly indicate you are wrong. And on top of that, not only were you just wrong, you added your touch of racism on top of that, in the last couple of post of off topics, when you went above and beyond your usual “wrong” That’s something you’ll never be able to take back. In hindsight, I’m glad you made those posts. Because now I understand you a lot better.

But whatever. I am finding out, that I am a much more positive and happy person when I’m not spending so much time with so many old people who are so negative and bitter. And at the end of the day, the only thing that matters is the scoreboard of net worth out in 2016 versus net worth in 2008/9…. And that, for me, makes me a very happy person.

So…..Whatever floats your boat, BG. Enjoy!

[Coronita]

[quote=ocrenter][quote=flu][quote=earlyretirement][quote=ocrenter]https://youtu.be/nGHmk4UeK_w

starting at 10:30, footage of fraudulent loans using fake documentations and inflated sales price reminiscent of our own bubble from 10 years ago.[/quote]

Thanks for sharing ocrenter! That video brought back memories from our own housing mess. There will also be a day of reckoning for China and unfortunately we’ll probably feel it here in the USA as well.

Great seeing you today at lunch. We have to do that more often![/quote]

….And you guys don’t even bother to remember to include some of us… Thanks a lot….. 🙂 J/K….. I’m kinda way out yonder now…..[/quote]

Way out in yonder? Where are you now? I thought you were in RB?[/quote]

Carlsbad now.

[Coronita]

[quote=CA renter]What were your thoughts, flu? :)[/quote]

I posted something about google fi, because I thought it was the cheapest plan. But then I saw someone post something above for $10/month.

https://fi.google.com/about/plan/

Some folks at work use it. Supposedly, the network coverage is good because it uses more than one carrier and picks among the ones the best one to use. The caveat is that you need to use a phone that has modem that all the carriers use.. Most of the phones on the markets are split so that they have radios for verizon+sprint or ATT/tmobile, but not both.

So you would need to get a phone like a Nexus5x or Nexus6,6p that has a modem for all the carriers.

The plan is $20/month for unlimited voice text, and $10/month for each 1GB of data you use, pro-rated based on your actual usage. No data usage, no data charge.

The cheapest phone would be about $199, which if you opted to, you can get it for $9/month.

No flip phone option.

In san diego, coverage would be covered by 3 leading carriers + WIFI.
(I believe that would be Tmobile, verizon, and ATT)

The advantage i think is those that complain about spotty coverage by one carrier in the past haven’t had issues, since supposedly project fi choses the best of the 3 networks each time.

I have t-mobile, and the plan is cheaper because I have a corporate discount and my employer pays for it, and I need to be able to have service that allows me to use different types of phones, so project fi wouldn’t work with me. But, if I didn’t have that requirement, I would probably use it, because at $20/month it’s pretty cheap, and reliability should be as good if not better than each individual carrier. My experience with t-mobile is that the coverage is not that great. It’s tolerable for me, but for example, when I stepped right out side of the SFO airport, I had no reception so couldn’t get an uber cab…lol.

[Coronita]

I’m more worried about getting randomly shot by a lunatic gun rights activist with a few screws loose or a son/daughter with mental illness but nevertheless has easy access to his parent’s gun versus a syrian refuge going postal. Just saying.

It was pretty amazing that in NYC/NJ it took less than 24 hours to find and capture that guy that decided to blow things up over the weekend. That suggests to me, we’re doing a pretty good job on things.

Could we do better? Yes…Can everything be prevented? Probably not. But given how much money this country has spent on some of these proactive monitoring/tools (much of which all of people in this country complain about how it’s invasive of privacy), I’d say it’s working reasonably well.

What was the complaint about the NSA again? Seems to me they are doing the job they are suppose to be doing.

[Coronita]

.

[Coronita]

I would be mad as hell if our government resettled refugees in Beverly Hills or La Jolla…..

Because for the price it will cost to resettle 1 refugee family in Beverly Hills or La Jolla, they could have resettled a dozen or so in a lower cost/safe area, where housing isn’t $400-500+/sq ft.

That would be just one more example of the public sector wasting the taxpayer’s money, without regards to expenses because they have blank check for other people’s money!

Now if a charitable wealthy donor were to buy/fund a refugee resettlement for some of the folks in BH or LJ without costing us taxpayers more money, well then yes, I wouldn’t mind.

[Coronita]

[quote=earlyretirement][quote=ocrenter]https://youtu.be/nGHmk4UeK_w

starting at 10:30, footage of fraudulent loans using fake documentations and inflated sales price reminiscent of our own bubble from 10 years ago.[/quote]

Thanks for sharing ocrenter! That video brought back memories from our own housing mess. There will also be a day of reckoning for China and unfortunately we’ll probably feel it here in the USA as well.

Great seeing you today at lunch. We have to do that more often![/quote]

….And you guys don’t even bother to remember to include some of us… Thanks a lot….. 🙂 J/K….. I’m kinda way out yonder now…..

[Coronita]

Also, you don’t need to change your career to make $200k in CA, BTW kev. You just need to be at the top of your game. Plenty of people in tech do that, in even down here. And don’t oversimplify being a RE “investor”. Not everyone does well in it, especially if you really don’t want to do it. You are looking at the problem backwards. You’re looking at compensation first of people, without understanding those who are making those compensation most likely enjoy what they are doing, and as a result, have been compensated for being good at what they are doing. Usually, people do what they want to do and get really good at it, and then the compensation comes. With all due respect, it still seems you care about the paycheck way too much and not so much about what you are doing, which may be the reason why you are hitting a glass ceiling.

[Author]

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