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CoronitaParticipant[quote=deadzone]Okay, give me an example then.
Or more widely, does anybody on this board make base salary of 175K in a purely technical position for a corporation?
If that possibility exists, not sure why FLU is always whining about how Enginerds don’t make enough money.[/quote]
Because $200k and under on a w2 in cal really isn’t rich. Its middle class. 35-40% of it goes to taxes if you don’t itemize. And on a w2, you can’t really deduct much.
And engineers don’t make squat on a net basis after taxes because most engineers are salaried w2 which is different from say professionals that have their own practice and run things as a business.
That gross number looks big. But your net is what matters. $10k salary difference really looks like $5000 difference after taxes. You want to work an extra 15hrs a week for that as most employers would demand, be my guest. I’d rather spend more time doing something else.
CoronitaParticipant[quote=deadzone]Sorry but you are not going to make 175K as an Engineer in San Diego. For that kind of pay you will need to be in management of some sort. If anybody has example to the contrary, I would be interested in hearing the details (i.e. what company and job).[/quote]
Not to make you feel bad, but you would be wrong.
CoronitaParticipant[quote=bearishgurl][quote=flu]Oh please… stop the blame game will you? Asian purchases account for 20-30% of new home purchases, and mostly at the higher end where most of you are not shopping.
Even in socal, the concentration of purchases are in the markets that are $1million+. If you want to blame foreign purchases maybe you should get your fvcking facts straight and blame canadians, since as a group, theyve are the largest foreign buyers even more than chibese. And their purchase price points are considerably lower, probably in the submarket where most of you would be looking.[/quote]
I saw that article yesterday. Chinese buyers are also scarfing up condos in CA coastal counties for all cash, as well. These properties aren’t in the $1M+ range. They buy them for their kids future use to go to college. IIRC, there is a couple in that article on the tour bus who brought their 8 year-old with them and stated they wanted it for him to use for college. In the meantime, they’ll lease it out.
I realize that US buyers with minor children really don’t want to raise their own kids in condos but in some (expensive) sub-markets, that’s all they can afford unless they want to add a lot of extra commute time to their workday.[/quote]
Look at the percentage of Canadian buyers. Even so who the fvck cares..some has money, its legal, buy. Its called capitalism.
Maybe if more people would save and invest instead if spending their paycheck buying useless crap at Walmart, they too could afford a place to live.
CoronitaParticipantOh please… stop the blame game will you? Asian purchases account for 20-30% of new home purchases, and mostly at the higher end where most of you are not shopping.
Even in socal, the concentration of purchases are in the markets that are $1million+. If you want to blame foreign purchases maybe you should get your fvcking facts straight and blame canadians, since as a group, theyve are the largest foreign buyers even more than chibese. And their purchase price points are considerably lower, probably in the submarket where most of you would be looking.
Just another case of envyfluenza when some foreign buyer has more money than some domestic light skinned color person. Sheesh.
CoronitaParticipant[quote=kev374]I know people in the SAP space, private consulting, making $500,000 a year, I think that is where the money is. Niche areas of consulting… create your own agency. My GF’s ex BF earned something like $1.5 million/yr or something (so she says)..he had his own consulting company taking on small projects, I don’t think all these SAP guys are something special. SAP is just super boring but if it pays that kind of $$$ then why not.
With all the inflation going on $130k in greater LA just ain’t going to cut it anymore… I don’t even consider it a livable middle class wage anymore.[/quote]
You care too much about salary and the number you get on a paycheck. The difference isn’t meaningful that much after taxes. If you care so much about money, you should spend much more time thinking about how to make you money you earn grow more without requiring that much more sweat labor. That isn’t easy too, it will be impossible to do that if you stay way to fixated on your sweat labor paycheck. How long do you think you could really make $200-250k as a top notch software engineer?
And who cares what you gf’s ex boyfriend makes. Unless she cares…and then if that is the case, you have bigger issues to worry about. You should then ask snarkly “then why is he an ex if that’s all you care about”
CoronitaParticipant[quote=FlyerInHi]You guys are raising super kids. I’m having anxiety just reading. I don’t think I could ever compete.
Did anyone consider a very tough boarding academy? How about an elite high school in Switzerland? Start saving as soon as the child is born.[/quote]
No way man. I just want my kid to turn out slightly above average at worst. No way I would send my kid away. Kids got to be kids too. What’s the point of having kids if you don’t plan on spending much time with them?
CoronitaParticipantIts not worth switching just for the pay. Sorry, even if you invest all that time and energy, unless you’ve been doing it for awhile, you aren’t going to be commanding the highest pay. Also the highest pay changes based on current skills market conditions. Trying to specialize in a Software area just for pay is a receipt for disaster.
CoronitaParticipant[quote=yuhtey]i’m starting to get the fear regarding “good schools” especially if they solicit “donations” which are in practice a bunch of bribes in return for either special attention or higher marks than earned.
if there’s one thing rich people are very good at it’s tilting the table in their favor via cash. they take both pride and enjoyment in buying people off.
anyone have any experience with this?[/quote]
In public schools, I don’t think the donations make much of a difference to peddle influence if that’s what you are worried about. However, volunteering in class and PTA, while not directly influences things, at least will make you aware of the direction the class and/or school is going…So if you’re concerned about that, I’d suggest you or your wife get more involved in the school.
In a private school, in addition to the tuition, yes additional donations probably does make a difference in the amount of time is dedicated to your kid. So that’s why I think it’s ironic that some people think the end-all-be all to being in a not-so-great school district area is simply to send their kids to a private school. Yes, your kid might get a better education relative to the public school he/she was going to attend, but you’ll also be competing against other families/parents that most likely will have a heck of a lot more money than you do. And in a private school, at least based on what some of the folks I know have said, you’ll see a lot more influence in that regards. It’s one of the reasons why I don’t plan on sending my kid to a private school, at least not before college.
Not that I think there is anything wrong with that. It’s just simply for me, I cannot afford to compete with others who have a lot deeper pockets. Take “flyer” for instance. If he had a grade school kid that sends his kids to private school and I have a grade school kid to send to the same private school, it takes him a lot less financial resources relative to his net worth than it would take me. He could send his kid there, donate a couple of extra 10’s thousands, and that probably would make a difference in a public school. Me, maybe I could come up with the private tuition, maybe I can donate my time…Is it worth it? For him, probably, because it probably doesn’t make a dent on his bottom line. Is it worth it for me? Probably not. Because it makes a huge dent in my bottom line. Would I if I could, you betcha… So hey, that’s how it works. You recognize we’re not all equal, and you realize well, shit here’s my constraints, got to make the best of it.
I figure if my kid is good enough, she’ll be able to do just fine in a good public school. And if she is not academically inclined, there’s no amount of private grade school or tutoring, etc that will fix that, in which plan B will be to allow her to be a trust fund kiddie ! Which brings me to point #2.
I never plan on selling any of my properties, unless it’s to do a 1031 exchange. Part of my FLU empire building strategy. I don’t see how kids these days will be able to really make it on themselves without a little help. Maybe a small percentage of the population, but most other kids on average will need help. It’s a pretty brutal world out there these days. If you think about it, you’re complaining about affordability of housing right now. Imagine what’s it’s going to be like when you’re kids are your age.
Imagine what college tuititons will be like if the elite schools continue with their 4% annual increase. Imagine what will happen if taxes go considerably up with a retiring elder population taking out of all the social systems. Imagine when our debt ceiling explodes. Ain’t gonna end pretty, I’m afraid.CoronitaParticipant[quote=flu][quote=yuhtey]no way, i put it up for bear grillys to comment on and tell me just how i’m supposed to fix that one up.[/quote]
If your’re planning to buy in Carmel V. You need to sacrifice sq footage for a better location.
1.3m for around 3000sqft in a good location. That’s most likely doable. Anything that is larger above that goes up in price, anything that deviates from the prime locations goes down in price. Prime locations center around Ocean Air and Sage Canyon access. It’s just how pricing works. You can try the community called Santa Barbara that’s I believe is further north … Pricing there is slightly better.[/quote]
That’s also assuming you care about having access to sage canyon or ocean air. I personally don’t think it makes that much of a difference among the dmusd schools and it has more to do with your own kids abilities and parental involvement. But others will insist that they must send their kids to ocean air or sage. The scores from the caasp were all really good, with sage and ocean air on top. The difference wasnt that noticeable among other schools on the district. So I guess it depends on how anal you and your wife want to be. My kid scored roughly the same as any other Asian kid in the district at sage and ocean air. Then again, we spend a considerable about of time on education outside of school too at home. She does considerably worse at math competitions done by noolan. But I think that’s more because she inherited my genes on that. I never did well with those math competition/puzzle questions. Even to this day.
CoronitaParticipant[quote=zk]Biodiesel. Could be.
I said he bought it from restaurants. What I meant was, restaurants paid him to haul it away, and then he sold it. Not sexy, but pretty sweet.[/quote]
He’s lucky. I know people that pay the restaurants to take it away. Because they are reselling it to those making biodiesel.
But I think this goes to show that if you pick something no one else is doing, maybe it’s actually a good business.
CoronitaParticipant[quote=yuhtey]no way, i put it up for bear grillys to comment on and tell me just how i’m supposed to fix that one up.[/quote]
If your’re planning to buy in Carmel V. You need to sacrifice sq footage for a better location.
1.3m for around 3000sqft in a good location. That’s most likely doable. Anything that is larger above that goes up in price, anything that deviates from the prime locations goes down in price. Prime locations center around Ocean Air and Sage Canyon access. It’s just how pricing works. You can try the community called Santa Barbara that’s I believe is further north … Pricing there is slightly better.
CoronitaParticipant[quote=joec]In today’s UT:
http://www.sandiegouniontribune.com/news/2015/dec/06/tp-home-sellers-look-east-carlsbad-website-taps/Some of the stats on Chinese buyers looks pretty insane to me (35% of buyers Chinese in CA?)
Overall, SD isn’t Sanfran, but compared to prices there and for a slower pace, I think many people would be ok with being down here and prices are much cheaper compared to LA or SF.[/quote]
3/5 in Carmel Valley I believe are asian.
CoronitaParticipant[quote=yuhtey][quote=flu]
There is no good deal in Carmel valley right now. The best deal you can get is to not get ripped off completely.[/quote]
yes, and i’m happy with not getting completely ripped off. this will be a long term shack that will be lived in. i don’t care about short term cycles, at this point. it’s the right time to buy *for me*[/quote]
I hope you aren’t seriously considering that home on Almondway. There’s a reason why that retainer wall is as high as it is. The back of it is most likely I-56
CoronitaParticipant[quote=FlyerInHi]Chinese buyers:
Do they offer Mandarin classes at canyon sage? If they did, even White tech execs would be scrambling to get their kids into the school. That would be good for real estate. Maybe lobby to change the curriculum.[/quote]
Dmusd after school enrichment does.
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