[Coronita]

Wait. What do you mean Santa Claus isnt real?

[Coronita]

[quote=joec]Maybe everyone is “right” and the avg is going up because only new units are being built which has a higher rental rate…This skews the numbers a little higher even though some areas or units are not moving up a lot.

I don’t think a lot of the mom and pop landlords are also in these reports since they don’t poll these people who maybe offering the better “deals” for their rentals since they don’t run it like a business with professional full time workers onsite who don’t mind kicking old tenants out to charge market rate since the building owner has to pay them anyways.

Also, some workers want certain amenities say like a parking space, laundry, etc…so those units have a higher premium than older units without these features so those older rental units aren’t up as much since they haven’t been upgraded.

All I know is I see rents are up a lot all over my area so can’t help but think prices won’t drop until this changes.[/quote]

wrto mom/pop landlord or commercial rentals, at least in MM, I think there is about a $100-150/month difference for the same terms and approximate sqft.

The problem is the supply of mom/pop units are in short supply i think. A lot of the newer rentals are higher end that throw in incentives like first month free or reduced, but then rates are substantially higher afterwards.

I remember that when there were building new rentals off of the end of MM blvd and 15, that many said that would impact the rent prices for all of MM, since there would be much more supply. Those ended up being high(er) end rentals and I don’t think appeal to the same demographics as what mom/pop landlords appeal too.

[Coronita]

Just went pending… in a few days… I’m guessing multiple offers. Will be interesting to see what it closes at…

https://www.redfin.com/CA/San-Diego/8480-Westmore-Rd-92126/unit-345/home/4576755

Seller is gonna totally score with his/her purchase price. It’s not even summer yet.

[Coronita]

[quote=utcsox]Zillow published monthly rental market overview here: http://files.zillowstatic.com/research/public/rental/ZRI.San%20Diego.395056.pdf

In San Diego region, annual change in rent is 5.1%. Areas that are desirable and closed to the job center are increased faster than the city as a whole.

I was helping one of my coworkers to look for a place. Costa Verde, located in UTC, which is sort of an extension of UCSD dorm was charging ~$1500 for a 2-bedroom unit back in 2005. Here is their latest ad on the craigslist for a 2-bedroom unit:

http://sandiego.craigslist.org/csd/apa/4995738301.html

This is close to ~40% rent increases for the past decade. I highly doubt that the rents for apartment units in Mira Mesa only increase for ~10% for the past decade. If you believe Zillow’s number, the rents in Mira Mesa increase over 6% for the last 12-month![/quote]

I guess it means I’m a lousy landlord, or why my tenants stopped bugging me for every little thing and just started taking care of little things themselves….lol

Funny because even on a 15 year, my monthly mortgage is around $2650ish/month.

[Coronita]

So what is the relationship between home prices and rent prices?
I’m not quite sure. To me it seems like rent prices are driven by demand, and the reason for lots of renters in SD is because affordability and qualifying is difficult, where the latter is more of an issue, with tight lending standards. Thoughts?

Using my favorite benchmark (Mira Mesa), a 1/1 still probably can be rented for about $1350/month, that’s not a terrible increase from 3 years ago when they were around $1200/month. But for the same condo that sold for around $130k, they are pushing close to $200k now. So it seems like while rent has gone up, the rate of rent increase isn’t close to price increase in resale. (damn I wish I bought more).

[Coronita]

“A priest and a lawyer died and went to heaven. They were met by Saint Peter at the gate, who told them he would be giving them some transportation to get around in. He gave the lawyer a big white limousine. The priest was given a bicycle. The priest said “wait a minute” you gave the lawyer a limousine and me a bicycle. Why is that? St. Peter replied, oh we get a lot of priests in Heaven, but this is the first time a lawyer has made it. ”

[Coronita]

[quote=Blogstar]I always wondered why so many Christians go on and get rich. I was so scared that I’d never get to heaven if I made any money. Now I realize that the people preaching that were hoarding it all. And now, it really wasn’t supposed to be that the meek should inherit the earth….proven that G-d meant geeks. So many people so desperate to be meek and poor all these years when the should have been dabbling in semi conductors.[/quote]

Come on now.. Ministers need their $60million private jets! Afterall, flying first class is just not good enough!

http://www.cnn.com/2015/03/13/living/creflo-dollar-jet-feat/

Minister Creflo Dollar asks for $60 million in donations for a new jet

Ironic that the Gulfstream he wants is $65million, so if he’s only asking for $60, I’m assuming there’s already $5million in donations he’s counting on….Lol…$65 million is a lot of money that could help the poor and need. But hey, a jet is a “need”…Helping poor/unfortunate people is a “want”. God might be perfect, people and there churches sure aren’t.

[Coronita]

Firmware experience needed.
Previous Bluetooth/Low Energy experience would be a plus, but not necessary.

[Coronita]

Let’s put cameras on every street.

Discuss.

[Coronita]

Anyone else find the irony that often times (not always, but often times) you hear a person that doesn’t believe in God also gives you a nice lecture about “karma”?

It usually goes something like. “You better be nice to others otherwise karma is going to pay you back” or something along the line….

I don’t get people that don’t believe in God but believe in karma. It’s just funny imho.

[Coronita]

Ok. So the consensus will be I suck at parenting.

Thanks 🙂

[Coronita]

[quote=carlsbadworker]OK. Putting a little bit more thoughts into this now that you mention it. I think there should be certain (perhaps most) housework that they do that shouldn’t earn them money. They need to learn responsibility as well rather than making everything a financial trade. But they would be rewarded extra for noticing things that we need help on and getting that fixed. Maybe fix the sprinkler, I can pay them 5x to 10x the material costs. I want them to discover problems and then fix them.

In fact, that’s something wrong with our society. I have numerous kids knocking my door asking for donation or sell me some junk, but why no one has knocked my door and told me my sprinkler is broken and offering fixing it. I would gladly pay 5x for the material cost too for their parents’ effort of raising the kids right.[/quote]

The rule I have is if the room is a mess and it’s not straigthened out, money comes out of the piggie bank to “pay for cleaning”. And the cleaner might “accidentally” throw things away or take them. This will probably backfire.

[Coronita]

[quote=carlsbadworker]I think it is great. It certainly beats UGMA or 529. But I think you need to wait until they really start to earn their income. 1) It is really the right thing to do rather than lying to IRS 2) IRS could easily audit it if you claim that your two-year-old is making $5K a year.
[/quote]

I agree with this completely. I think the trouble I have right now is that I’m mainly W2 right now, this isn’t going to happen overnight, since I need to figure out a purpose to create a company and actually well, earn money or at least break even.

[quote]
3) Teach kids about how to earn money (I don’t like monthly stipend, I want my kids learn how to earn money by meeting people’s need, rather than becoming an entitlement). So, maybe $1 for taking out trash daily, I haven’t thought through this yet. It will start with earning my money, but eventually earning money outside by looking for “work” opportunity (e.g. I can teach them writing codes and they can do freelancing).
[/quote]

I’m trying to do this right now. Mixed results. 3rd/4th grader earns $2 for doing the dishes and emptying the trash into a bucket per week. Anything extra toy,craft,game,etc that the kid is responsible for using their own money. I have my kid record what goes into the piggie bank, what comes out, and when I forget to pay up, to send me note that I haven’t paid yet and am overdue. Mainly for the kid to start thinking about how much things cost, and what really is “necessary”. Doesn’t always work.

I’m in the process of explaining no you aren’t getting an iPhone even though some of your classmates have them already.

[Coronita]

The only comment I have about the commute is the following wrto I-56.

Going to work, you’ll be going with traffic and coming home you’ll also be going with traffic.

I do the reverse commute. In the morning I start in Carmel Valley and go to Rancho Bernardo. It takes 18-20 minutes at a almost legal speed since there is no traffic that direction. Coming home is also the same.

Around 8:30-9:00am I see it backed up on 56 west frequently, starting around Carmel Country Road all the way until the 56 ends on 5 south

In the evening around 5-6pm, I see the same thing on 56 east as it gets close the the 15N/S onramps, between Black Mountain Rd and the end of the 56.

It probably adds about 10-15 mins to the commute. Keep in mind though the full distance of my commute 5N->56E->15N in the morning and back, so that 18-20 minutes includes about 2 exits on I-15 past Carmel Mountain Rd.

You might be better off taking local streets. AN probably can give you a better local route to take, since he’s more familiar with the local roads during work hours.

[Coronita]

[quote=applejack]My agent says that houses are appraising low right now due to the rapidly rising market. Sellers agent says the house will be worth a lot more by the end of he summer, and they already have a back up offer in place so they don’t care about our appraisal. Apparently they had a lot of offers. House went pending within days. Mortgage broker says they deal with a lot of transactions and they haven’t been seeing low appraisals. Is it pretty normal for houses with really nice landscaping and back yards (very beautiful pool, etc) to appraise low?[/quote]

It depends. If it really bothers you, have you considered just paying for another appraisal? Or maybe you can PM one of the agents that posts around here and give them the specifics of that property to see what they think. I don’t think anyone can really provide a blanket statement one way or the other, because it differs in so many different ways..

[Author]

Posts