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CoronitaParticipantBump…
Looks like Citibank/Visa is the winner… Cool. I don’t need to reapply for a new card.
http://finance.yahoo.com/news/costco-strikes-credit-card-deal-133636171.html
Costco says it struck a deal for Citi to be the exclusive issuer of its co-branded credit cards, with Visa replacing American Express as the card network.
The deal is subject to Citi buying the company’s co-branded credit card portfolio, Costco said.
Costco and American Express ended their partnership after failing to reach an agreement on renewal terms. American Express said earlier this month that the relationship, which goes back 16 years, is set to expire March 31, 2016. Costco says the deal with Visa and American Express would take effect the next day.
CoronitaParticipant[quote=spdrun]If you think the gentrification will continue, why not look into buying property there instead of staring jealously?[/quote]
Because I think the bulk of the gain has already been made.
And properties there now wouldn’t be able to fit my budget constraints.This sort of reminds me of what people use to say about Redondo Beach being a dump….
CoronitaParticipantman, I wish I knew about OB before the run up.
Now that’s how to profit off of the recovery. I’m so jealous. Congrats to those that are going to milk this. Kudos.
CoronitaParticipantI don’t know, but I think the concerns about your credit file getting pulled many times are slightly overblown.
I remember in the course of 1.5 years, I did 3 refinances, 1 HELOC, 1 credit card application, and 1 possible new car purchase (that I ended up cancelling and bought a house instead)…The refinance loans had both a credit file pull at the beginning of the loan application and right before close of escrow (twice). One of those refinances also and to be redone because the lender stopped writing loans.. I think my credit went from 820ish to about 790-800ish, and it didn’t make a difference on the loan rate I got.
The annoying part was I had to pay $30 each time I unlocked my credit file.
February 27, 2015 at 9:23 PM in reply to: OT: Discuss- The Porsche GT4 is a better car than a 911 and very close, if not better than a 911s #783363CoronitaParticipant[quote=svelte][quote=bobby]italian cars are fun and all but they can be temperamental.
if you get one, get a second car. One never know when the car may decide to have a day off.[/quote]That’s definitely been the case in the past, but as with all cars they have come a long, long way in the last 20, and especially 10 years.
I bought a new Italian car last year and haven’t had any issues…about to take it in for its first service at the 12 month mark.[/quote]
So given that you said new car + affordable italian car.
My first guess is: Alfa.
My second guess is: MaseratiCoronitaParticipant[quote=scaredyclassic][quote=flu][quote=Hobie]Re: 27% interest. I got nailed with this one. If you are late you trigger the ‘penalty’ rate. This ‘penalty’ rate continues for several months. Best to set up auto payment so when you are traveling you don’t get dinged like I did. Live and pay .. er learn. Ditto the great customer service w/AMEX. Hard to leave.[/quote]
If you only do it once by accident, you can call them up and have them waive it. They will oblige. Try doing that with my citibank visa… Lol…
This is one of the reasons why I never played with those 0% balance transfer offers. I am so disorganized, if I tried to play that game, I would miss a payment or two.[/quote]
with bank auto pay it’s pretty difficult to screw up.[/quote]
I still would manage to screw it up. Just two weeks ago I did a electronic transfer from my one brokerage account into my HELOC account, because I wanted to pay down the HELOC. I made the wrong transfer, and ended up doing the equivalent of bouncing a $10k electronic check. My credit union where I have the HELOC was fine and didn’t charge me anything. My brokerage however charged me $25, which fortunately they waived since it was my first time. Don’t get me wrong. If you are one of the ones that can do this, by all means. I just know I would screw it up.
Anyway, I was pretty happy that I got my Costco rebate check from my AMEX this week. It was $326. Considering most of my purchases aren’t meals or travel related on this card, it made me think that man, I charged a boatload on my amex last year to earn most of that with a 1% rebate.
CoronitaParticipant[quote=Hobie]Re: 27% interest. I got nailed with this one. If you are late you trigger the ‘penalty’ rate. This ‘penalty’ rate continues for several months. Best to set up auto payment so when you are traveling you don’t get dinged like I did. Live and pay .. er learn. Ditto the great customer service w/AMEX. Hard to leave.[/quote]
If you only do it once by accident, you can call them up and have them waive it. They will oblige. Try doing that with my citibank visa… Lol…
This is one of the reasons why I never played with those 0% balance transfer offers. I am so disorganized, if I tried to play that game, I would miss a payment or two.
CoronitaParticipant[quote=moneymaker]I agree they are probably the best, but a message has to be sent, they are all way too high for the economy we are in. The only way I can see it is they have massive fraud going on and cannot control it.[/quote]
I disagree.
A credit card is an insecure loan. If people want to “borrow” money to fund their purchases of useless junk , fine. But then it’s fair game for CC companies to charge them 18+% APR if they only make minimum payments.Credit card bills are already pretty clear about it. When you get a $3000 bill on your credit card, they say “if you make minimum payments, it will take you X years to pay it off”….And yet people still do…
Don’t like the terms? They can use a debit card. No one is holding anyone at gunpoint to “borrow” money from the credit card company. I don’t have a lot of sympathy for people that use their credit card “loans” as if it’s money they don’t actually have to return. No different then HELOCing their home to death to buy useless bling. I don’t have much sympathy for people that do that too.
CoronitaParticipantYou know. Their rate is still lower than what most other credit card charges, even after their rate hike.
Plus you get unbeatable customer service and a pretty good buyer protection program.
My Mac Mini broke right after warranty, and I didn’t have an extended warranty on it, so I called amex, and they told me to go get an estimate on the repair costs.
Repair ended up being $300ish, and I sent them a copy of the repair bill. A few weeks later, I get a check in the mail, no questions asked. I tried to do the same thing with my citibank visa for something else. And they pretty much gave me the run-around.
I really like amex, since I’ve always had great customer service from them, even with a no-fee amex card. Other credit card companies, not so much.
CoronitaParticipant[quote=Essbee]Well, it’s a nice spot. They should have great views of the entire San Dieguito lagoon, but hopefully they’re high enough above El Camino Real and 5 to not have much noise.[/quote]
Alta Del Mar is nice and is partly semi-track and custom. There’s part of the community were it does have views to the power lines, but nothing major.
Nice view…
CoronitaParticipant[quote=The-Shoveler]You would know better than I flu.
Like I said my main objection is that it just seems TPTB in SD will just do what they want regardless of the local’s opinions/objections.
They have a plan by golly and they are going to implement it. So who is next LOL.[/quote]
Yeah, I know….What can you do.
CoronitaParticipant[quote=The-Shoveler]Well between flu and flyer I think these are the first “somewhat” positive comments from people who actually have property in CV.
My main objection was it seemed like the City wanted to build the downtown they always wish for instead of rebuilding/expanding the current downtown area.
(just forcing their Idea on someone else’s community)Anyway better your back yard than mine (just kidding , sort of).
IMO (from my experience) adding density only works out well up to a certain point.[/quote]
One thing I think makes this location prime is it’s pretty convenient to the freeways.
One Paseo sits off of Del Mar Heights, and that’s pretty close to the I-5 onramps.. Southward on El Camino, that would give another I-5 onramp, as well as the 56E onramp.I agree the project is bigger than I would like, and I would be against this project from it’s size. But as far as affecting property value, I really don’t think that would be the case. Plus I’m sure it won’t increase crime in the area….The police station is right next door….
CoronitaParticipant[quote=flyer]At one point, yes, flu, when friends who still live there became so concerned about it–we rallied with them against it–based on “quality of life issues,” as have been discussed.
I have read/heard that over 40K people are expected to move to San Diego this year, with more and more in the future, but, even though projects like One Paseo will help accomodate this need for housing, and may not adversely effect property values, I think it will change the quality of life in “The Valley” (great satire, BTW). Hopefully, most of it will be positive, but only time will tell.[/quote]
But this to me doesn’t make sense. One Paseo is right across the street from Del Mar Highlands Town Center. This area is primarily commercial already.The main residential communities around are townhomes,apartments, and condos, not SFH. The majority of SFH’s are north of del mar heights, or on the side of carmel creek and carmel country rd. I don’t see how this community, as large as it is, is going to be affecting the property values of all the SFH’s that mostly further away. It’s not like the tenants of these new apartments inside One Paseo are going to be cross-shopping between renting there and buying a SFH in the area.
This new mall, will also most likely be high end. I could understand the concern if they were going to stick a walmart, dollar tree, or even target in there. But I doubt that will be the case. Rent prices for these retail locations will be high for businesses, as they are just as high in every other retail location in Carmel Valley. And if they bring in high end retail, the snooty factor of 92130 just went up even more (I’m being serious on this one).
The main impact would mainly be the elementary school that primarily services that area, which belongs to solana beach. The few schools further out DMUSD don’t serve this area, and if they did, those schools aren’t filled to capacity at all.
There might be an impact to the middle school, but they are already building another middle school near canyon crest.Might add more kids to Torrey Pines HS too.
The other impact might be the attached communities right next to this area, but with the influx of more people coming in, I doubt there will ever be surplus of rentals. People had the same concern about mira mesa when they started building that huge apartment complex at the end of I-15, thinking with that many units they are adding, it would drive rent prices down. It hasn’t. Those luxury apartments rent at a premium and everyone else has been seeing rent prices continue to rise and demand is as strong if not stronger than before.
The only thing that I’m bothered by are those new apartments in One Paseo will be owned by Kilroy most likely, and not available for purchase I think.
CoronitaParticipant[quote=flyer]We’ve been out of town, but just heard the news from a friend that it was approved, with just two “no” votes. Lots of info available on the Internet about it.
We’ve decided to keep the rentals we own in CV, and see how all of this develops as time goes on.[/quote]
Come on now… As financially astute you are, were you really seriously considering selling your home(s) in CV over this????? Most of the SFH’s won’t be affected by this. It’s main affect will be in all the condo/apartments/townhomes/and 1-2 small SFH communities in that area, if at all. I agree that personally I think it’s a really big project. But it’s impact on property values….. i seriously doubt it.
Just because they put in “affordable housing” (which i believe is 10% only anyway), doesn’t really mean “ghetto”….It’s still pretty expensive…Plus, I believe they will be rental communities owned by Kilroy. Won’t impact the supply of resale homes to purchase I believe.
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