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CoronitaParticipant[quote=spdrun]Of course it won’t … but a more generalized “revaluation” as happened in 2000 to 2001 would be an interesting investment opportunity. Whether in stocks or in housing, it will for sure be interesting…
Mr. Schadenfreude. I like that :)[/quote]
The sad part is, you really aren’t better off being Mr. Schadenfreude, despite what you think, because this isn’t a zero-sum game, unlike what you think. How many SD condos do you have again, after all those years during the RE crash?
CoronitaParticipant[quote=spdrun]We all know what happened soon afterward — one can only hope…[/quote]
There’s at most 400 people left in the SD location. Not gonna make a dent in housing….Closer to 300 if you count the ones that already were let go after they stopped the LTE business and the rest that went to Intel, and got close to 30-40%+ pay increases if accurate, because of the connectivity know how…Just saying….
Sorry, Mr. Schadenfreude It’s not going to make that 50% correction in housing that you want…again…
CoronitaParticipantWhen I buy an appliance, I try to stick with Whirpool. Well, at least the ones still made here. I haven’t had too much trouble with my top loading washer and dryer. I find the ones that have the fewest features are the ones that seem to be pretty reliable. Less electronics, less things to break.
CoronitaParticipant[quote=spdrun]I’m all for low inflation. It’s predictable, and doesn’t destroy MY money.
As far as the economy, why should I care about the economy as long as it doesn’t affect me and mine? I don’t personally know any min-wagers who work at Mickey Dee’s in LA.
Growth I view mostly as an environmental and social cancer. Stagnation is better for the environment.[/quote]
I thought on another thread you were all for economic “diversity” and even went as far as saying it’s far better to friends with different “diverse” economic backgrounds, versus some of us with friends with less “economically diverse” people. Is that not the case?
Seems like you are contradicting yourself…
CoronitaParticipantIt will be torn down for high end high density housing owned by the likes of kilroy and owner occupied housing. The land is too valuable to remain as is.
What impact that does to housing there. Don’t know.
It would also impact Porsche CCA, BMW CCA, NASA CCA, since they would all need to find new places. Perhaps an airport base or Miramar? Can’t run them at the DelMarFairgrounds unless the event wants to pay the neighbors for relocation room and board during the event days as normally is the case…
CoronitaParticipant[quote=deadzone][quote=FlyerInHi]The cpi just came out. Inflation is almost nil.
Pay raises will go a long way in improving the economy and getting rid of debts.[/quote]Who is getting pay raises? Not me or FLU. At best we may get a raise adjusted to CPI. But if government is claiming no inflation, no pay raise for most working stiffs.
Oh and by the way, take a look outside to the real world. No inflation my ass. Cost of most everything I spend money on has been going up dramatically in the last couple of years.[/quote]
I think other industries (service industry that is more based on commissions and bonuses) are doing much better than typical engineering, because that seems to be the norm in most economies. Medical is probably also doing much better too, I’m guess due to obamacare. I haven’t seen UCSD so busy ever before.
As far as engineering, I don’t think comps have gone down. They just haven’t gone significantly up. That or I’m hitting the magical ceiling…In Jan, I got a 3.4% salary raise, which was about average in recent times for me. There was a 17% RSU grant that vests over 4 years(which is about 4.4% per year), 6% cash bonus, which is better than nothing. (I guess with the rising stock price, they’d rather hand out cash instead of stock grants). Anyway, I didn’t really notice it as is the case every year, because after taxes on a W2, it ends up being noise. The bonus ends up being 1/2 withheld, for instance.
That said, folks in the stock market did well last year. This year, it’s probably ok for most people..Except me, which even with my bonehead moves, I’m doing about 5% YTD (which sucks compared to what most people are probably getting). Still 5% is better than 1%CD’s lol..
Lesson I’ve learned and emphasize repeatedly is counting on a W2 alone stinks.
CoronitaParticipant[quote=Hobie]Appears just the seal went bad. These windows are not in a vacuum or contain inert gas.
From the outside they will remove the outside single pane, clean window, reseal and reinstall old glass.[/quote]
Just curious. How can you tell they aren’t vaccuum sealed or doesn’t contain inert gas?
I had a small bathroom sliding window that also fogged. I took a drill and put a tiny hole in the top and bottom. And then I left the window in a hot car. After the fog cleared I dropped small dessicant pellets in the bottom and plugged both holes. Hasn’t fogged since. Can’t do the same thing to this window though
CoronitaParticipant.
CoronitaParticipant.
CoronitaParticipantWhat if you plan on going solar?
CoronitaParticipantWith higher minimum wages, I think what you will end up having is a gradual trickle up.
Min wage workers will get more pay. It will cost more for businesses to run, businesses will pass the cost onto consumers, who in turn (if they work in the services business) will raise their costs to make up for the difference. Gas, housing, medicine, legal, every service industry… And from all this increased costs, local,state,federal will get increased revenue from taxes. So almost everyone will benefit who provides services.
The only ones I can think of that will get totally screwed are tech workers. Because only in the tech industry will you have a situation in which while everything else around them is going up in price/cost, tech is getting cheaper even in today’s (non-inflation adjusted dollars)…And since every other thing that goes into producing tech (minus labor) will cost more, and since you can’t really raise prices on tech, that will put downward pressure on the cost of labor….
I mean, just look at what happened to TurboTax. Intuit tries to raise prices by making features that were once available in TurboTax Deluxe now only available in TurboTax Premier, to force people to pay more the features…and they get an earful for it such that they have to backpeddle and give a bunch of customers that feature for free….Absurd. I mean, people can’t complain when a gallon of ice cream is now 3 quarts for the same price…Or when a small box of Cheerios is now the same price as once a large box… But ohhh no.. Take out schedule D from turbo tax deluxe and make customers pay an extra $20 to upgrade turbo tax premier… That’s heresy! (Ok, I shouldn’t be one to talk because as an ex-Intuit guy, I still get my turbotax for 1/3 retail cost from friends, or for free for the ones that don’t bother to ask me to pay them back)…
Anyway, that why engineers and tech workers should take note. While your compensation might be great, you shouldn’t count on it all your life. There will be a point in time when others in other service industries will make more than you, simply because their wages adjusted for inflation while yours stayed stagnant….There will be some point in time in which that cashier register clerk at McDonalds will make more than you trying to write sql statements and enterprise java beans… Or even Android!
HA!
That’s why this engineer is also an aspiring slumlord….Because my rent prices will most likely rise much faster than my salary + bonus + stock grants.
CoronitaParticipant[quote=spdrun]I just check references, interview, and do a Google search for any news about violent crime in the prospect’s name. I don’t ask for an SSN to run credit — too much liability in case of ID theft in future. No point to check pay stubs either. Too easily forged.
Getting 3-4 friends to agree on reference stories is surprisingly difficult.[/quote]
Experian tenant credit check is your friend.
https://connect.experian.com/credit-check/tenant-credit-check.html
https://connect.experian.com/pdf/experian-credit-report-sample.pdfI tell tenants up front there is a $30 application fee IF you want they want me to pull their credit and do a background check.
If, however, they do the experian tenant credit check, they pay experian $15, and grant me access to view their credit file, that blinds out the SSN. Plus for them, they can reuse the credit file in case they decide not to rent from me….Since it comes from experian directly, you know they couldn’t have faked a scanned copy.
Regarding background checks, I haven’t had to do a background check, because the tenants that responded to my ad first all work for a large tech company. So I’d assume the background check was already done by that company. I do request them to give me proof of employment and verify that with a call to the company…
CoronitaParticipantAs a small time landlord, I won’t consider tenants with anything less than a stellar credit score….I’d rather have a slighly lower than market rent to pay for that as well as signing for a longer term lease.
CoronitaParticipant[quote=AN]It’s in the middle of Mira mesa, not east side. It’s behind babies r us.[/quote]
Oops. Mixed this one up for something else…Still kinda high (for now)….
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