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CoronitaParticipantInteresting when I moved here in 1996, I remember talking to the qualcomm HR new hire orientation rep who was saying that her house in solana beach is finally recovering after some defense layoffs in San Diego caused a recession in the economy.
It seemed like housing was still ok. La Jolla I think was $300k for a townhome….
I think the largest condo in then new construction Waterridge right next to building Q (San Diego Design Center) was $199k.
CoronitaParticipant[quote=an][quote=sdrealtor]This neighborhodd should transform Mira Mesa over the next 2 decades the way San Elijo Hills transformed San Marcos the last two decades.[/quote]
This along w/ Stonecreek will change it dramatically. Stonecreek will be an even bigger development.[/quote]what’s stonecreek?
CoronitaParticipant[quote=an]I know someone who completed his pre-approval application after 20 minutes of opening and he couldn’t get on the list.[/quote]
So that’s why they didn’t want me.. Sigh. I will never be able to afford another home here in san diego…
CoronitaParticipant[quote=The-Shoveler]I bought my first new car in 1976, by the time I paid it off in 1979 I could have sold it for about the same or maybe a little more than I paid.[/quote]
Actually, that’s a similar situation right now for a lot of used cars.
A lot of preowned cars that my friends bought in 2018 are selling for the same price or more in 2021
There’s a couple of reasons for this.
1. Supply chain issues have reduced the number of available new cars. Some previous low volume production cars are now even harder to find.2. Because of new car supply issues, lots people are either staying in their cars longer or if they really need a car, buying more preowned…So that’s reducing preowned supply
3. Rental car companies are also finding they can’t get their new car allocation, so some of them are going to the preowned markets and buying preowned cars and putting them in their rental fleet. That’s also driving supply down.
You can also learn a lot of this from miatas. You can’t find a first generation miata easily these days… They officially moved from the “cheap crappy dumpy sportish car” to the “collectible” designation..
CoronitaParticipantIn the long run. If wages go up for one group, wouldn’t all wages eventually go up. And then when costs go up there, don’t all costs go up everywhere else. Rents go up… materials goes up…etc??
So in the end long run, everyone is still relatively the same to each other as everyone else, no?
with maybe the exception that
1. Debtors of fixed rate loans win big
2. Creditors of fixed rate loans lose big
3. People that parked their assets in fixed income get screwed….
CoronitaParticipant[quote=an][quote=scaredyclassic]Holding on to anything for 30 years, a house, a marriage, ones sanity, is easier fantasized about than done.
30 years, and you are basically a different human[/quote]
Life’s not easy[/quote]my parents still have a house since 1979
CoronitaParticipant.
CoronitaParticipant[quote=moneymaker]I’m not saying buying a house is a bad idea, just that there are probably better investment choices out there.
https://mortgagebite.com/mortgage-blog/personal-finance/even-the-rich-get-mortgages-warren-buffett-explains-his-mortgage-borrowing-strategy-to-cnbc%5B/quote%5Dnobody can predict the future. in hindsight…buying a house in 2018 would have look like a really good move now in 2021…
certain looks better than trying to buy a house in 2021….CoronitaParticipant[quote=The-Shoveler]OK same question 3 years later
Would you invest in an S&P500 ETF now?3 years ago the correct answer was yes Obviously, There is still lots of stimulus sugar to spend which I am fairly confident will benefit the housing market but not so sure stocks IMO.
Also China Bans Financial Institutions From Participating in Crypto Services.
Does not want competition with the digital yuan I guess.
IMO I think that is coming here as well.[/quote]I do a bi-monthly, $2500 drip investment into a after tax vanguard admiral account
VFIAX,
VIMAX,
VTMSX,
VTINX,
VTIAX,and a tiny percentaage of it going to
VCAIX
VWITXit’s on autopilot and won’t change it.
My kid’s 529 account put everything into
Vanguard Target Enrollment 2024/2025 and also have 100% future auto-investments into that….
…but left a smaller $40k portion divided in
Vanguard total International Index
Vanguard Total Stock Market Index
Vanguard Income Portfolio11
Vanguard Inflation Protected SecuritiesI have currently parked 1/2 of my 401k/retirement in cash (the part in the brokerage account), and the other 1/2 in Fidelity funds that came with the employer, mostly index and Contrafund.
Trading account currently is at 75% cash, and in select banking and credit card stock…Waiting for a bigger correction.
Money from my cash out refinance went from stock to cash because I thought I had the rental property locked in. Waiting for correction too…
CoronitaParticipantI think i figured out how to buy my next rental property…
I need to put a deposit down on a porsche. Every single time I put a deposit down for a porsche, the purchase was always cancelled to make way for real estate purchase….
It happened with the 991 911s…Bought a short sales condo… As a runner up prize, I bought a 1994 miata for $1890 instead…
It happened with the GT4. Bought a short sales condo ago. As a runner up prize, I bought a 2017 miata to replace the 94 miata that caught on fire…
I need to go put another deposit down so it gets cancelled by another property that becomes available… Oooo. I can pick up an NB or NC miata as a runner up prize or a Fiat 124….
CoronitaParticipant[quote=scaredyclassic]mine needs body work and has weird bumper stickers. so probably only worth 85k[/quote]
You laugh… but
CoronitaParticipant[quote=scaredyclassic]My vehicle history
Honda Civic DX silver 1989-2012
Honda Accord silver 2012-2019
Trek ebike. Pewter. 2019-2023?
Mercedes eqs. Red 2023 – 2029.I think my next vehicle must cost 100k plus, just to balance things out[/quote]
By the way the USD is devaluing. A honda accord might cost $100k by the time it’s 2025-2029….
CoronitaParticipantThe Model S Plaid+ with the retractable wing is cool!!!
Maybe not $145k cool. But still cool….I want an e-Miata….
CoronitaParticipant[quote]
[quote=Coronita][quote=scaredyclassic][quote=Coronita]note to self…. dont piss off scardey….i didnt think it would be possible…but if one manages to achieve the almost impossibility…boy are you in for an inrefutable rude awakening…holy sheet….
nice kittycat.. nice kittycat..[/quote]
Just joshing. Ultimately, it’s still therapy.[/quote]
[img_assist|nid=27364|title=|desc=|link=node|align=left|width=500|height=300][/quote]
Better to be kind. I’m in the middle of assertiveness training related to personal issues and lost my way.[/quote]
I was suppose to undergo sensitivity training… Whoops….
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