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CoronitaParticipantStock market in crapper late this morning. But I’m sure it will recover over the next few days or so… I hate volatility.
CoronitaParticipant[quote=The-Shoveler]Congrats flu
I was beginning to think sdrealtor skipped town, have not seen much from him here (must have better things to do than hang out here LOL).
Yea I feel the same about stocks, you never know when the TPTB will decide that now is a good time to pull the rug out LOL.[/quote]
I’m still buying and selling a few stocks here and there. But I just come to the realization that even with last year’s selling binge I did to spread the risk. I still am exposed way to much in the stock market….And crap, I’m old now…
I don’t think I plan on selling any sort of index funds, or reits, or changing my 401k contributions… And I do my regular small drip drip drip monthly contributions to passive funds in IRAs, 529, 401k,and post tax accounts…
I just don’t think I want move cash that came selling stocks…back into stocks at this point…
Basically, I’m out of ideas of what to buy…
Except *maybe*Side note: this probably means, well see the Dow cross 20k this year, me being the contrarian indicator. ha ha…
CoronitaParticipant[quote=AN]Congrats flu. You’re much more courageous than I. I can’t seem to find places that make good return anymore.[/quote]
I think I’m done in SD on the rental front….At least for now…Short of my employer getting acquired at a ridiculous price, and I fully vest at change of control. Yeah, right….
CoronitaParticipant[quote=LAAFTERHOURS]Flu,
Just interested to know how long it took from accepted offer to actually accepted by the bank so you could close. 5 years ago the process took a good 6 months so just wondering how long its taking these days (I know there are many different scenarios which could play into whether its quicker or longer to process).
Im also wondering how often the initial party walks away these days because its taking too long.[/quote]
Well assuming I close this month, it will take a little more than 3 months. But the caveat is this property fell out of escrow one time, so it had to be re-approved..Banks aren’t stupid these days either…unfortunately…
The other one I was trying to get at the same time fell apart.. It was in much worse condition, didn’t have a personal washer/dryer hookup, and would have required me to spend a bit on remodeling. The seller wasn’t upside down on that property that much, and basically the banks told them we aren’t going to do a short sales, sell traditional.That place ended up closing escrow higher that what I have now…
Like I said, relative to current market conditions, still below market price… Cash flow… Well, it’s so-so… Could the price have been better if if I just wasn’t arguing over a few thousand on previous deals 1-2 years ago. Yup….
Anyway, I think my chances of seeing a 30% correction on my stock portfolio are far greater than me seeing a 30% correction on the price of this, so while I’m not pulling out of the stock market, I’m not putting any more cash into the stock market. And even if I see a 30% correction on this unit, the other ones ends up dollar cost averaging this one out…. ha ha ha ha…
Then again, this could still all blow up in my face, since it’s all still verbal at this point…which if it did happen, is fine by me….Then I will greenlight ditching the miata for something else… Otherwise, I can drive poor…
CoronitaParticipant[quote=paramount]flu: If I understand you correctly, are you bearish on the stock market right now? And if so, wouldn’t that translate into the overall economy? And then housing?[/quote]
I’m neither bearish nor bullish on the stock market currently. In fact, if it was up to me, I would want the stock market to keep going up….
It’s just my way of spreading risk, trying to avoid getting slaughtered IF there is a stock market correction in the future while also trying to avoid getting slaughtered by holding it onto completely cash…
I want something that produces a consistent income, albeit not something I can live off of by itself…So in case my job or health goes south for the winter, I have something to fall back on…
Dividend income is one part of that equation, and frankly, probably the dividend income from some of the better companies is almost comparable to the rental income of this… But again, stock it counts on the stock market….
I guess one could also argue RE in SD is overheated. Maybe, maybe not… I don’t know. We’ll see…I figure I’ll dollar cost average this one with the other ones that were a much better deal… ha ha ha…
I use to be much more aggressive in my investments because I use to be young. I woke up to the sad realization that holy sh… I’m actually kinda old now….
CoronitaParticipant[quote=spdrun]Congrats! Is this to live in, flip, or rental?[/quote]
rental.
CoronitaParticipant[quote=ocrenter][quote=flu]For folks that are interested in writing to your congressman, but aren’t sure what to write, here’s a tip/sample letter…
Enough said…
[img_assist|nid=17929|title=no on sca 5|desc=|link=node|align=left|width=461|height=600][/quote]
Dude, you need to mail this letter to that Hernandez clown. That’s powerful, flu, you should be proud.[/quote]
Bump…..Hey, my kid actually got a letter back from Assemblyman Maienschein… Pretty cool…I’ll wait until my kid opens it….
CoronitaParticipantOh yeah, and to hijack my own thread. Don’t forget to sign the No On SCA-5 petition if you haven’t yet…
CoronitaParticipantCuckcoo…. Cuckcoo……
http://www.redfin.com/CA/San-Diego/10774-Dabney-Dr-92126/unit-21/home/4590469
600sqft 1/1
$240,000What i want to know is…How the hell did the seller get a killer deal at $100k that closed 11/2013
As far as inventory for 1/1 currently in MM….
There are 3…Yup… three….Edit.. There are 4 according to sdlookup….
CoronitaParticipantNow folks.. Just remember. As much as we like the charts pointing upwards, it could very well turn out to be like this in just a matter of minutes…
Yeah…..And this morning when it was $6/share. I was complaining about how it kept going up…
31% headcut…. Ouch…
Hope that wasn’t any of you folks….CoronitaParticipant.
CoronitaParticipant[quote=ocrenter][quote=AN][quote=flu]Well, at least one politician is opposed to this….
XXXXX,
I oppose SCA 5 as it is currently written. I do not support discrimination of any kind and believe that college admissions should be based upon academic and extracurricular factors.
Assemblymember Brian Maienschein
He gets my vote election time…[/quote]
He gets mine too. This is what his office has written back to me:Thank you for taking the time to write in regarding SCA 5.
Assemblymember Maienschein shares your concerns and is currently opposed to this legislation as it is currently written.
Should you have any other questions or concerns, please feel free to contact me.
Thank you,
Lance Witmondt
Office of Assemblymember Brian Maienschein, 77th District
P-(858)675-0077[/quote]I heard back from his office as well. I replied back with the following:
Rep Maienschein, thank you for writing back. I appreciate your opposition in regard to SCA 5.
I am extremely pessimistic in regard to our position. Given the Democrats do have an overwhelming majority, I do fear the practice of ochlocracy right here within our Great State of California.
What makes American Democracy work so well over our 238 year history is our willingness to protect minority rights. This is the fine line that separates true democracy from ochlocracy that is typical of sham democracies such as Egypt and Russia.
Arizona walked extremely close into total ochlocracy state with their most recent SB 1062. I fear California is going down the same path with SCA 5. Isn’t it amazing that while Arizona is beholden to extreme elements of the Republican party and California is beholden to extreme elements of the Democrats, these extreme forces are showing they are actually identical in their blatant disregard for the basic foundation of our democracy: protection of minority rights and basic fairness.
This is a tough and uphill battle we got ahead of us, as a minority under assault by the new majority, I ask for your help to keep our democracy a true democracy.
thank you,
xxx[/quote]
+1000 well said…Extreme governments stink…I guess we should all prepare this being a supreme court issue…
CoronitaParticipant[quote=ocrenter][quote=flu][quote=scaredyclassic]i always liked oriental avenue and the light blue properties on the monopoly board. they seemed reasonably priced, a decent value. then again, I always covet baltic and mediterranean, and have the greens and yellows. too ritzy for me. now i live in a green property. i’d probably prefer something in the purples, maybe st. charles, or tennessee avenue.[/quote]
Statistically, the best properties are the orange and red ones, with a second place going to the purple properties…….As one has the most chance of landing there… You have a pretty good chance of ending up in jail many times, and there’s a chance card that says go to illnois or st. charles place…[/quote]
Wow, tips on how to beat my daughter at the next game of Monopoly AND petitioning against racist legislation all in the same thread, nice![/quote]
Monopoly works wonders on teaching mental math..
There’s another lesson my kid learned tonight the virtues of a being a property own… Because when inflation hits and property values rise and landlords raise rent prices(with hotels and houses), paychecks (“GO” money) never keep up with inflation …..
CoronitaParticipantWhy is it every time I sell a stock, it always goes through the roof the next day?
F me…
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