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earlyretirement
Participant[quote=EconProf]Earlyretirement, you’ve already mentioned the biggest Santaluz flaw–the 5-figure entry fee + $200/mo cost of joining the club that would enable us to use the gym, pool, coffee shop. Most of us residents haven’t joined and would if the price were lowered. Some day they will discover the concept of elasticity of demand and cut the price in half, double their membership, and bring in the same total revenue.[/quote]
Yeah. That’s what I figured. Here is what I really noticed doing lots of due diligence before visiting the area… not many residents or prospective buyers in Santaluz post much information on the internet about it or the Hacienda club dues, fees, etc. Usually a quick Google search will tell me all I need to know with the power of the internet.
But I didn’t find that to be the case with Santaluz. When you talk to realtors, it seems like they really don’t want to talk about the Hacienda or Spa Club or Golf club fees. Yeah, the HOA fees are splashed all over Redfin, etc. so you know those plus the Mello Roos but it seems like the Club memberships you gotta factor in as well and not much information about that online so hopefully my posts change that.
When I asked Kelly, what percentage of total residents in Santaluz have either a Hacienda or Spa membership. She told me it was “over 80%”! I really find that hard to believe but maybe I’m wrong. If any of you Pigs that live in Santaluz have the true actual % I’d really love to hear it and would appreciate it.
I totally agree with you EconProf about them lowering the fee and getting more people to join and probably making more money in the grand scheme of things. I can’t believe they need all of those employees there. But maybe I’m wrong. Just speaking from the outside looking in. Their operating budget has to be huge. Maybe eventually they will change their model and I think it would be a welcome change. Unless the total membership really is “over 80%”.
So today, I spent many more hours driving around Santaluz and doing some second viewings of houses I saw and liked.
It’s amazing some of the houses under construction there. I saw this MONSTER sized custom house being built. It was gigantic. It had to be at least 13,000 sq. feet or so. Just enormous.
And they are so meticulous here. Even at the entrance when we were getting a visitor pass. They actually have a laser printer there at the security guard gate. And it has your name on it, with a special holographic sticker on it. Then it has the directions to the address you are going to.
Just that kind of detail tells you they really thought things through and security is tight. I saw the special holographic sticker and got a chuckle. I guess I understand why they need to charge $205 a month for the Hacienda club memberships plus the $450 a month HOA fees. Ha, ha.
But seriously, security is pretty good there. All the times we’ve been driving around there the past few days, there is a security guard driving around on a motorized golf cart. Not sure how many of these security guards there are but I saw a few golf carts so have to figure there are a few. Although I imagine it’s a fairly eventless job.
Something that I think also is worth mentioning is that we went to the restaurant area and the pool/gym area two times. Both times it was TOTALLY dead. In the gym there was one guy working out on a treadmill one time and another woman the other time. NO ONE in the pool. Of course this was during the day but still I figured there would be people using them if they truly have 80%+ membership.
I’ve found it’s typically not a good sign when you have more employees working vs. clients in the place which was the case.
But all of the employees were VERY friendly, had smiles on their faces and seemed to love their jobs which is always a plus. But I still strongly believe they would be wise to drastically lower their fees and increase membership. But I guess it would be really tough considering that all of the previous people that already paid this fee to join. Things like this sometimes become a never ending vicious circle.
I drove some more past Camino del Sur into 4S Ranch and I saw some other areas that I didn’t see the other day. Some developments are better than others but ocrenter is totally correct in what he writes about it. No doubt, I’m not saying it wouldn’t be a great area to raise kids because I think it would and it’s still in the Poway school district. But I still think that the difference is night and day still with the high Mello Roos taxes.
I also had my Ipad so I was walking around and seeing exactly what point of Camino del Sur some houses were located at with Google Maps and measuring noise. Some were much better than others. It depends where exactly it is.
I wish there was decent inventory in Verrazzano. It’s really a gorgeous development and the manicured parks there are beautiful. Looks like great quality of life without the high HOA fees.
Looking at some more houses tomorrow in Carmel Valley. The weather has been absolutely gorgeous this week!
Participant[quote=EconProf]Earlyretirement, you’ve already mentioned the biggest Santaluz flaw–the 5-figure entry fee + $200/mo cost of joining the club that would enable us to use the gym, pool, coffee shop. Most of us residents haven’t joined and would if the price were lowered. Some day they will discover the concept of elasticity of demand and cut the price in half, double their membership, and bring in the same total revenue.[/quote]
Yeah. That’s what I figured. Here is what I really noticed doing lots of due diligence before visiting the area… not many residents or prospective buyers in Santaluz post much information on the internet about it or the Hacienda club dues, fees, etc. Usually a quick Google search will tell me all I need to know with the power of the internet.
But I didn’t find that to be the case with Santaluz. When you talk to realtors, it seems like they really don’t want to talk about the Hacienda or Spa Club or Golf club fees. Yeah, the HOA fees are splashed all over Redfin, etc. so you know those plus the Mello Roos but it seems like the Club memberships you gotta factor in as well and not much information about that online so hopefully my posts change that.
When I asked Kelly, what percentage of total residents in Santaluz have either a Hacienda or Spa membership. She told me it was “over 80%”! I really find that hard to believe but maybe I’m wrong. If any of you Pigs that live in Santaluz have the true actual % I’d really love to hear it and would appreciate it.
I totally agree with you EconProf about them lowering the fee and getting more people to join and probably making more money in the grand scheme of things. I can’t believe they need all of those employees there. But maybe I’m wrong. Just speaking from the outside looking in. Their operating budget has to be huge. Maybe eventually they will change their model and I think it would be a welcome change. Unless the total membership really is “over 80%”.
So today, I spent many more hours driving around Santaluz and doing some second viewings of houses I saw and liked.
It’s amazing some of the houses under construction there. I saw this MONSTER sized custom house being built. It was gigantic. It had to be at least 13,000 sq. feet or so. Just enormous.
And they are so meticulous here. Even at the entrance when we were getting a visitor pass. They actually have a laser printer there at the security guard gate. And it has your name on it, with a special holographic sticker on it. Then it has the directions to the address you are going to.
Just that kind of detail tells you they really thought things through and security is tight. I saw the special holographic sticker and got a chuckle. I guess I understand why they need to charge $205 a month for the Hacienda club memberships plus the $450 a month HOA fees. Ha, ha.
But seriously, security is pretty good there. All the times we’ve been driving around there the past few days, there is a security guard driving around on a motorized golf cart. Not sure how many of these security guards there are but I saw a few golf carts so have to figure there are a few. Although I imagine it’s a fairly eventless job.
Something that I think also is worth mentioning is that we went to the restaurant area and the pool/gym area two times. Both times it was TOTALLY dead. In the gym there was one guy working out on a treadmill one time and another woman the other time. NO ONE in the pool. Of course this was during the day but still I figured there would be people using them if they truly have 80%+ membership.
I’ve found it’s typically not a good sign when you have more employees working vs. clients in the place which was the case.
But all of the employees were VERY friendly, had smiles on their faces and seemed to love their jobs which is always a plus. But I still strongly believe they would be wise to drastically lower their fees and increase membership. But I guess it would be really tough considering that all of the previous people that already paid this fee to join. Things like this sometimes become a never ending vicious circle.
I drove some more past Camino del Sur into 4S Ranch and I saw some other areas that I didn’t see the other day. Some developments are better than others but ocrenter is totally correct in what he writes about it. No doubt, I’m not saying it wouldn’t be a great area to raise kids because I think it would and it’s still in the Poway school district. But I still think that the difference is night and day still with the high Mello Roos taxes.
I also had my Ipad so I was walking around and seeing exactly what point of Camino del Sur some houses were located at with Google Maps and measuring noise. Some were much better than others. It depends where exactly it is.
I wish there was decent inventory in Verrazzano. It’s really a gorgeous development and the manicured parks there are beautiful. Looks like great quality of life without the high HOA fees.
Looking at some more houses tomorrow in Carmel Valley. The weather has been absolutely gorgeous this week!
Participant[quote=EconProf]Earlyretirement, you’ve already mentioned the biggest Santaluz flaw–the 5-figure entry fee + $200/mo cost of joining the club that would enable us to use the gym, pool, coffee shop. Most of us residents haven’t joined and would if the price were lowered. Some day they will discover the concept of elasticity of demand and cut the price in half, double their membership, and bring in the same total revenue.[/quote]
Yeah. That’s what I figured. Here is what I really noticed doing lots of due diligence before visiting the area… not many residents or prospective buyers in Santaluz post much information on the internet about it or the Hacienda club dues, fees, etc. Usually a quick Google search will tell me all I need to know with the power of the internet.
But I didn’t find that to be the case with Santaluz. When you talk to realtors, it seems like they really don’t want to talk about the Hacienda or Spa Club or Golf club fees. Yeah, the HOA fees are splashed all over Redfin, etc. so you know those plus the Mello Roos but it seems like the Club memberships you gotta factor in as well and not much information about that online so hopefully my posts change that.
When I asked Kelly, what percentage of total residents in Santaluz have either a Hacienda or Spa membership. She told me it was “over 80%”! I really find that hard to believe but maybe I’m wrong. If any of you Pigs that live in Santaluz have the true actual % I’d really love to hear it and would appreciate it.
I totally agree with you EconProf about them lowering the fee and getting more people to join and probably making more money in the grand scheme of things. I can’t believe they need all of those employees there. But maybe I’m wrong. Just speaking from the outside looking in. Their operating budget has to be huge. Maybe eventually they will change their model and I think it would be a welcome change. Unless the total membership really is “over 80%”.
So today, I spent many more hours driving around Santaluz and doing some second viewings of houses I saw and liked.
It’s amazing some of the houses under construction there. I saw this MONSTER sized custom house being built. It was gigantic. It had to be at least 13,000 sq. feet or so. Just enormous.
And they are so meticulous here. Even at the entrance when we were getting a visitor pass. They actually have a laser printer there at the security guard gate. And it has your name on it, with a special holographic sticker on it. Then it has the directions to the address you are going to.
Just that kind of detail tells you they really thought things through and security is tight. I saw the special holographic sticker and got a chuckle. I guess I understand why they need to charge $205 a month for the Hacienda club memberships plus the $450 a month HOA fees. Ha, ha.
But seriously, security is pretty good there. All the times we’ve been driving around there the past few days, there is a security guard driving around on a motorized golf cart. Not sure how many of these security guards there are but I saw a few golf carts so have to figure there are a few. Although I imagine it’s a fairly eventless job.
Something that I think also is worth mentioning is that we went to the restaurant area and the pool/gym area two times. Both times it was TOTALLY dead. In the gym there was one guy working out on a treadmill one time and another woman the other time. NO ONE in the pool. Of course this was during the day but still I figured there would be people using them if they truly have 80%+ membership.
I’ve found it’s typically not a good sign when you have more employees working vs. clients in the place which was the case.
But all of the employees were VERY friendly, had smiles on their faces and seemed to love their jobs which is always a plus. But I still strongly believe they would be wise to drastically lower their fees and increase membership. But I guess it would be really tough considering that all of the previous people that already paid this fee to join. Things like this sometimes become a never ending vicious circle.
I drove some more past Camino del Sur into 4S Ranch and I saw some other areas that I didn’t see the other day. Some developments are better than others but ocrenter is totally correct in what he writes about it. No doubt, I’m not saying it wouldn’t be a great area to raise kids because I think it would and it’s still in the Poway school district. But I still think that the difference is night and day still with the high Mello Roos taxes.
I also had my Ipad so I was walking around and seeing exactly what point of Camino del Sur some houses were located at with Google Maps and measuring noise. Some were much better than others. It depends where exactly it is.
I wish there was decent inventory in Verrazzano. It’s really a gorgeous development and the manicured parks there are beautiful. Looks like great quality of life without the high HOA fees.
Looking at some more houses tomorrow in Carmel Valley. The weather has been absolutely gorgeous this week!
Participant[quote=EconProf]Earlyretirement, you’ve already mentioned the biggest Santaluz flaw–the 5-figure entry fee + $200/mo cost of joining the club that would enable us to use the gym, pool, coffee shop. Most of us residents haven’t joined and would if the price were lowered. Some day they will discover the concept of elasticity of demand and cut the price in half, double their membership, and bring in the same total revenue.[/quote]
Yeah. That’s what I figured. Here is what I really noticed doing lots of due diligence before visiting the area… not many residents or prospective buyers in Santaluz post much information on the internet about it or the Hacienda club dues, fees, etc. Usually a quick Google search will tell me all I need to know with the power of the internet.
But I didn’t find that to be the case with Santaluz. When you talk to realtors, it seems like they really don’t want to talk about the Hacienda or Spa Club or Golf club fees. Yeah, the HOA fees are splashed all over Redfin, etc. so you know those plus the Mello Roos but it seems like the Club memberships you gotta factor in as well and not much information about that online so hopefully my posts change that.
When I asked Kelly, what percentage of total residents in Santaluz have either a Hacienda or Spa membership. She told me it was “over 80%”! I really find that hard to believe but maybe I’m wrong. If any of you Pigs that live in Santaluz have the true actual % I’d really love to hear it and would appreciate it.
I totally agree with you EconProf about them lowering the fee and getting more people to join and probably making more money in the grand scheme of things. I can’t believe they need all of those employees there. But maybe I’m wrong. Just speaking from the outside looking in. Their operating budget has to be huge. Maybe eventually they will change their model and I think it would be a welcome change. Unless the total membership really is “over 80%”.
So today, I spent many more hours driving around Santaluz and doing some second viewings of houses I saw and liked.
It’s amazing some of the houses under construction there. I saw this MONSTER sized custom house being built. It was gigantic. It had to be at least 13,000 sq. feet or so. Just enormous.
And they are so meticulous here. Even at the entrance when we were getting a visitor pass. They actually have a laser printer there at the security guard gate. And it has your name on it, with a special holographic sticker on it. Then it has the directions to the address you are going to.
Just that kind of detail tells you they really thought things through and security is tight. I saw the special holographic sticker and got a chuckle. I guess I understand why they need to charge $205 a month for the Hacienda club memberships plus the $450 a month HOA fees. Ha, ha.
But seriously, security is pretty good there. All the times we’ve been driving around there the past few days, there is a security guard driving around on a motorized golf cart. Not sure how many of these security guards there are but I saw a few golf carts so have to figure there are a few. Although I imagine it’s a fairly eventless job.
Something that I think also is worth mentioning is that we went to the restaurant area and the pool/gym area two times. Both times it was TOTALLY dead. In the gym there was one guy working out on a treadmill one time and another woman the other time. NO ONE in the pool. Of course this was during the day but still I figured there would be people using them if they truly have 80%+ membership.
I’ve found it’s typically not a good sign when you have more employees working vs. clients in the place which was the case.
But all of the employees were VERY friendly, had smiles on their faces and seemed to love their jobs which is always a plus. But I still strongly believe they would be wise to drastically lower their fees and increase membership. But I guess it would be really tough considering that all of the previous people that already paid this fee to join. Things like this sometimes become a never ending vicious circle.
I drove some more past Camino del Sur into 4S Ranch and I saw some other areas that I didn’t see the other day. Some developments are better than others but ocrenter is totally correct in what he writes about it. No doubt, I’m not saying it wouldn’t be a great area to raise kids because I think it would and it’s still in the Poway school district. But I still think that the difference is night and day still with the high Mello Roos taxes.
I also had my Ipad so I was walking around and seeing exactly what point of Camino del Sur some houses were located at with Google Maps and measuring noise. Some were much better than others. It depends where exactly it is.
I wish there was decent inventory in Verrazzano. It’s really a gorgeous development and the manicured parks there are beautiful. Looks like great quality of life without the high HOA fees.
Looking at some more houses tomorrow in Carmel Valley. The weather has been absolutely gorgeous this week!
Participant[quote=TexasLine]Recently(last August) rented a 2100 sq. foot, 2 level house(sits on a slope) and the rain gutter issue is driving me crazy. In San Diego mind you. It actually does rain here.
The gutters are/were filled with leaf litter, decay and spiders, and are even missing in some places. When it rains or even a light drizzle, the water falls straight down into the cracks between the house and sidewalk. The lack of functioning gutters also causes water damage to the deck, and back-splashes into the house due to water damaged wood doors and window seals.
I have asked the landlord repeatedly to fix the broken and missing gutters…but he seems not to care. I have spent hours cleaning them out and doing my best to re-attach disconnected joints.
If this was my house…I sure as hell wouldn’t let all this water damage continue, and there is a lot of it!. There is mold. There are bug probs. There are cement cracks….etc. It would be such a proactive, easy fix to just repair the Rain Gutters.
I say, you must make sure you have properly fitted and properly directed rain gutters. It seems to me that it would save a lot of potential problems.
…so I’m all for rain gutters….;) ![/quote]
Well, yeah..it just seems like the risk/reward isn’t worth it not installing them as in the grand scheme of things, they aren’t a terribly expensive thing to add on I wouldn’t think. I don’t even know the cost to install them as every property I’ve ever purchased had rain gutters installed.
But on just one example of a $1 million + house I saw..there were no rain gutters and the front of the house which was stucco had significant damage on it. Rain was coming down on the stucco and it was obvious. There was humidity, staining and cracks forming in the stucco where the water is coming down.
So that is literally the first thing you see as you approach the house. Again, just doesn’t seem like the risk/reward is worth it. Yeah, it doesn’t rain in San Diego much but with heavy rain you can get damage. JMHO.
Participant[quote=TexasLine]Recently(last August) rented a 2100 sq. foot, 2 level house(sits on a slope) and the rain gutter issue is driving me crazy. In San Diego mind you. It actually does rain here.
The gutters are/were filled with leaf litter, decay and spiders, and are even missing in some places. When it rains or even a light drizzle, the water falls straight down into the cracks between the house and sidewalk. The lack of functioning gutters also causes water damage to the deck, and back-splashes into the house due to water damaged wood doors and window seals.
I have asked the landlord repeatedly to fix the broken and missing gutters…but he seems not to care. I have spent hours cleaning them out and doing my best to re-attach disconnected joints.
If this was my house…I sure as hell wouldn’t let all this water damage continue, and there is a lot of it!. There is mold. There are bug probs. There are cement cracks….etc. It would be such a proactive, easy fix to just repair the Rain Gutters.
I say, you must make sure you have properly fitted and properly directed rain gutters. It seems to me that it would save a lot of potential problems.
…so I’m all for rain gutters….;) ![/quote]
Well, yeah..it just seems like the risk/reward isn’t worth it not installing them as in the grand scheme of things, they aren’t a terribly expensive thing to add on I wouldn’t think. I don’t even know the cost to install them as every property I’ve ever purchased had rain gutters installed.
But on just one example of a $1 million + house I saw..there were no rain gutters and the front of the house which was stucco had significant damage on it. Rain was coming down on the stucco and it was obvious. There was humidity, staining and cracks forming in the stucco where the water is coming down.
So that is literally the first thing you see as you approach the house. Again, just doesn’t seem like the risk/reward is worth it. Yeah, it doesn’t rain in San Diego much but with heavy rain you can get damage. JMHO.
Participant[quote=TexasLine]Recently(last August) rented a 2100 sq. foot, 2 level house(sits on a slope) and the rain gutter issue is driving me crazy. In San Diego mind you. It actually does rain here.
The gutters are/were filled with leaf litter, decay and spiders, and are even missing in some places. When it rains or even a light drizzle, the water falls straight down into the cracks between the house and sidewalk. The lack of functioning gutters also causes water damage to the deck, and back-splashes into the house due to water damaged wood doors and window seals.
I have asked the landlord repeatedly to fix the broken and missing gutters…but he seems not to care. I have spent hours cleaning them out and doing my best to re-attach disconnected joints.
If this was my house…I sure as hell wouldn’t let all this water damage continue, and there is a lot of it!. There is mold. There are bug probs. There are cement cracks….etc. It would be such a proactive, easy fix to just repair the Rain Gutters.
I say, you must make sure you have properly fitted and properly directed rain gutters. It seems to me that it would save a lot of potential problems.
…so I’m all for rain gutters….;) ![/quote]
Well, yeah..it just seems like the risk/reward isn’t worth it not installing them as in the grand scheme of things, they aren’t a terribly expensive thing to add on I wouldn’t think. I don’t even know the cost to install them as every property I’ve ever purchased had rain gutters installed.
But on just one example of a $1 million + house I saw..there were no rain gutters and the front of the house which was stucco had significant damage on it. Rain was coming down on the stucco and it was obvious. There was humidity, staining and cracks forming in the stucco where the water is coming down.
So that is literally the first thing you see as you approach the house. Again, just doesn’t seem like the risk/reward is worth it. Yeah, it doesn’t rain in San Diego much but with heavy rain you can get damage. JMHO.
Participant[quote=TexasLine]Recently(last August) rented a 2100 sq. foot, 2 level house(sits on a slope) and the rain gutter issue is driving me crazy. In San Diego mind you. It actually does rain here.
The gutters are/were filled with leaf litter, decay and spiders, and are even missing in some places. When it rains or even a light drizzle, the water falls straight down into the cracks between the house and sidewalk. The lack of functioning gutters also causes water damage to the deck, and back-splashes into the house due to water damaged wood doors and window seals.
I have asked the landlord repeatedly to fix the broken and missing gutters…but he seems not to care. I have spent hours cleaning them out and doing my best to re-attach disconnected joints.
If this was my house…I sure as hell wouldn’t let all this water damage continue, and there is a lot of it!. There is mold. There are bug probs. There are cement cracks….etc. It would be such a proactive, easy fix to just repair the Rain Gutters.
I say, you must make sure you have properly fitted and properly directed rain gutters. It seems to me that it would save a lot of potential problems.
…so I’m all for rain gutters….;) ![/quote]
Well, yeah..it just seems like the risk/reward isn’t worth it not installing them as in the grand scheme of things, they aren’t a terribly expensive thing to add on I wouldn’t think. I don’t even know the cost to install them as every property I’ve ever purchased had rain gutters installed.
But on just one example of a $1 million + house I saw..there were no rain gutters and the front of the house which was stucco had significant damage on it. Rain was coming down on the stucco and it was obvious. There was humidity, staining and cracks forming in the stucco where the water is coming down.
So that is literally the first thing you see as you approach the house. Again, just doesn’t seem like the risk/reward is worth it. Yeah, it doesn’t rain in San Diego much but with heavy rain you can get damage. JMHO.
Participant[quote=TexasLine]Recently(last August) rented a 2100 sq. foot, 2 level house(sits on a slope) and the rain gutter issue is driving me crazy. In San Diego mind you. It actually does rain here.
The gutters are/were filled with leaf litter, decay and spiders, and are even missing in some places. When it rains or even a light drizzle, the water falls straight down into the cracks between the house and sidewalk. The lack of functioning gutters also causes water damage to the deck, and back-splashes into the house due to water damaged wood doors and window seals.
I have asked the landlord repeatedly to fix the broken and missing gutters…but he seems not to care. I have spent hours cleaning them out and doing my best to re-attach disconnected joints.
If this was my house…I sure as hell wouldn’t let all this water damage continue, and there is a lot of it!. There is mold. There are bug probs. There are cement cracks….etc. It would be such a proactive, easy fix to just repair the Rain Gutters.
I say, you must make sure you have properly fitted and properly directed rain gutters. It seems to me that it would save a lot of potential problems.
…so I’m all for rain gutters….;) ![/quote]
Well, yeah..it just seems like the risk/reward isn’t worth it not installing them as in the grand scheme of things, they aren’t a terribly expensive thing to add on I wouldn’t think. I don’t even know the cost to install them as every property I’ve ever purchased had rain gutters installed.
But on just one example of a $1 million + house I saw..there were no rain gutters and the front of the house which was stucco had significant damage on it. Rain was coming down on the stucco and it was obvious. There was humidity, staining and cracks forming in the stucco where the water is coming down.
So that is literally the first thing you see as you approach the house. Again, just doesn’t seem like the risk/reward is worth it. Yeah, it doesn’t rain in San Diego much but with heavy rain you can get damage. JMHO.
Participant[quote=UCGal]I agree w early retirement… there are a lot of kids who aren’t working or going to school and basically need, IMO, a kick in the pants to stop sponging. I have a coworker who can’t figure out how to motivate his daughter into getting a job or getting serious about college. His wife refuss to consider the tough love approach, so they’re enabling her less than productive lifestyle.
And BG – I grew up in coastal San Diego in the 70s… I wasn’t ready for college when I graduated high school… but I got a job and moved out 2 weeks after my 18th birthday… I think it’s more of a generational thing than a geographical thing that is keeping kids at home these days. I see kids lingering at home well into their 20’s back east too.[/quote]
Yeah UCGal,
I see this ALL the time with some American clients and especially my British clients. Most of my super wealthy clients are from the UK. And I find many of them just spoil their kids rotten to the point that the kids won’t accomplish anything in life in the future. So the parents that do this and not administering a bit of “tough love” are contributing to their kids becoming losers.
One of my British clients bought several properties that were supposed to be “investments”. Well, his sons talked him into “taking a year off from college and living abroad” to learn Spanish. Well, it went from being a supposed rental investment property to a place that his college drop out son moved into as a party pad. This was a few years ago and he still lives in it. Oh, did I mention that his younger brother now lives in one of the other ones.
If you see your brother partying, not going to school and having dad pay for everything….you might tend to want to do the same thing.
I realize this girl in the story above isn’t in that situation but I think you have to have a healthy mix because I know plenty of parents that should have kicked the kids out and taught them the world isn’t an easy place and money doesn’t grow on trees.
I also know someone that sounds like this girl in the story above. She was an employee for one of the companies I owned. Totally strange strange situation because she was a super intelligent girl. College degree, fluent in 3 languages. Well, one day she told me she was quitting. I asked her why as I was surprised she was leaving after working for me several years.
You can imagine my surprise when she told me she was engaged. I was shocked as just a few months before she was single. I asked where she met this guy??? Her answer? Facebook!!
So then she tells me she talks to him on the phone every night and they send emails all day. I mistakenly assumed she met him face to face. To be honest, I didn’t really want to hear too much because I thought she was totally stupid to get engaged to someone she knew nothing about.
Well, here’s the kicker….she said she was moving to the USA to live with him. So she quit her job, and was going to move to another country. I told her it was a mistake.
Fast forward to now. Last I heard ..sure enough the day before he is supposed to arrive to get her and help her move. She gets some random email from a gmail account saying it’s her fiance’s friend and that he died.
The sad part is she believed all of it. Later the guy admitted he was just playing with her. But reading the story of the girl getting engaged to the guy from online made me think of this. You have people doing totally stupid things.
Participant[quote=UCGal]I agree w early retirement… there are a lot of kids who aren’t working or going to school and basically need, IMO, a kick in the pants to stop sponging. I have a coworker who can’t figure out how to motivate his daughter into getting a job or getting serious about college. His wife refuss to consider the tough love approach, so they’re enabling her less than productive lifestyle.
And BG – I grew up in coastal San Diego in the 70s… I wasn’t ready for college when I graduated high school… but I got a job and moved out 2 weeks after my 18th birthday… I think it’s more of a generational thing than a geographical thing that is keeping kids at home these days. I see kids lingering at home well into their 20’s back east too.[/quote]
Yeah UCGal,
I see this ALL the time with some American clients and especially my British clients. Most of my super wealthy clients are from the UK. And I find many of them just spoil their kids rotten to the point that the kids won’t accomplish anything in life in the future. So the parents that do this and not administering a bit of “tough love” are contributing to their kids becoming losers.
One of my British clients bought several properties that were supposed to be “investments”. Well, his sons talked him into “taking a year off from college and living abroad” to learn Spanish. Well, it went from being a supposed rental investment property to a place that his college drop out son moved into as a party pad. This was a few years ago and he still lives in it. Oh, did I mention that his younger brother now lives in one of the other ones.
If you see your brother partying, not going to school and having dad pay for everything….you might tend to want to do the same thing.
I realize this girl in the story above isn’t in that situation but I think you have to have a healthy mix because I know plenty of parents that should have kicked the kids out and taught them the world isn’t an easy place and money doesn’t grow on trees.
I also know someone that sounds like this girl in the story above. She was an employee for one of the companies I owned. Totally strange strange situation because she was a super intelligent girl. College degree, fluent in 3 languages. Well, one day she told me she was quitting. I asked her why as I was surprised she was leaving after working for me several years.
You can imagine my surprise when she told me she was engaged. I was shocked as just a few months before she was single. I asked where she met this guy??? Her answer? Facebook!!
So then she tells me she talks to him on the phone every night and they send emails all day. I mistakenly assumed she met him face to face. To be honest, I didn’t really want to hear too much because I thought she was totally stupid to get engaged to someone she knew nothing about.
Well, here’s the kicker….she said she was moving to the USA to live with him. So she quit her job, and was going to move to another country. I told her it was a mistake.
Fast forward to now. Last I heard ..sure enough the day before he is supposed to arrive to get her and help her move. She gets some random email from a gmail account saying it’s her fiance’s friend and that he died.
The sad part is she believed all of it. Later the guy admitted he was just playing with her. But reading the story of the girl getting engaged to the guy from online made me think of this. You have people doing totally stupid things.
Participant[quote=UCGal]I agree w early retirement… there are a lot of kids who aren’t working or going to school and basically need, IMO, a kick in the pants to stop sponging. I have a coworker who can’t figure out how to motivate his daughter into getting a job or getting serious about college. His wife refuss to consider the tough love approach, so they’re enabling her less than productive lifestyle.
And BG – I grew up in coastal San Diego in the 70s… I wasn’t ready for college when I graduated high school… but I got a job and moved out 2 weeks after my 18th birthday… I think it’s more of a generational thing than a geographical thing that is keeping kids at home these days. I see kids lingering at home well into their 20’s back east too.[/quote]
Yeah UCGal,
I see this ALL the time with some American clients and especially my British clients. Most of my super wealthy clients are from the UK. And I find many of them just spoil their kids rotten to the point that the kids won’t accomplish anything in life in the future. So the parents that do this and not administering a bit of “tough love” are contributing to their kids becoming losers.
One of my British clients bought several properties that were supposed to be “investments”. Well, his sons talked him into “taking a year off from college and living abroad” to learn Spanish. Well, it went from being a supposed rental investment property to a place that his college drop out son moved into as a party pad. This was a few years ago and he still lives in it. Oh, did I mention that his younger brother now lives in one of the other ones.
If you see your brother partying, not going to school and having dad pay for everything….you might tend to want to do the same thing.
I realize this girl in the story above isn’t in that situation but I think you have to have a healthy mix because I know plenty of parents that should have kicked the kids out and taught them the world isn’t an easy place and money doesn’t grow on trees.
I also know someone that sounds like this girl in the story above. She was an employee for one of the companies I owned. Totally strange strange situation because she was a super intelligent girl. College degree, fluent in 3 languages. Well, one day she told me she was quitting. I asked her why as I was surprised she was leaving after working for me several years.
You can imagine my surprise when she told me she was engaged. I was shocked as just a few months before she was single. I asked where she met this guy??? Her answer? Facebook!!
So then she tells me she talks to him on the phone every night and they send emails all day. I mistakenly assumed she met him face to face. To be honest, I didn’t really want to hear too much because I thought she was totally stupid to get engaged to someone she knew nothing about.
Well, here’s the kicker….she said she was moving to the USA to live with him. So she quit her job, and was going to move to another country. I told her it was a mistake.
Fast forward to now. Last I heard ..sure enough the day before he is supposed to arrive to get her and help her move. She gets some random email from a gmail account saying it’s her fiance’s friend and that he died.
The sad part is she believed all of it. Later the guy admitted he was just playing with her. But reading the story of the girl getting engaged to the guy from online made me think of this. You have people doing totally stupid things.
Participant[quote=UCGal]I agree w early retirement… there are a lot of kids who aren’t working or going to school and basically need, IMO, a kick in the pants to stop sponging. I have a coworker who can’t figure out how to motivate his daughter into getting a job or getting serious about college. His wife refuss to consider the tough love approach, so they’re enabling her less than productive lifestyle.
And BG – I grew up in coastal San Diego in the 70s… I wasn’t ready for college when I graduated high school… but I got a job and moved out 2 weeks after my 18th birthday… I think it’s more of a generational thing than a geographical thing that is keeping kids at home these days. I see kids lingering at home well into their 20’s back east too.[/quote]
Yeah UCGal,
I see this ALL the time with some American clients and especially my British clients. Most of my super wealthy clients are from the UK. And I find many of them just spoil their kids rotten to the point that the kids won’t accomplish anything in life in the future. So the parents that do this and not administering a bit of “tough love” are contributing to their kids becoming losers.
One of my British clients bought several properties that were supposed to be “investments”. Well, his sons talked him into “taking a year off from college and living abroad” to learn Spanish. Well, it went from being a supposed rental investment property to a place that his college drop out son moved into as a party pad. This was a few years ago and he still lives in it. Oh, did I mention that his younger brother now lives in one of the other ones.
If you see your brother partying, not going to school and having dad pay for everything….you might tend to want to do the same thing.
I realize this girl in the story above isn’t in that situation but I think you have to have a healthy mix because I know plenty of parents that should have kicked the kids out and taught them the world isn’t an easy place and money doesn’t grow on trees.
I also know someone that sounds like this girl in the story above. She was an employee for one of the companies I owned. Totally strange strange situation because she was a super intelligent girl. College degree, fluent in 3 languages. Well, one day she told me she was quitting. I asked her why as I was surprised she was leaving after working for me several years.
You can imagine my surprise when she told me she was engaged. I was shocked as just a few months before she was single. I asked where she met this guy??? Her answer? Facebook!!
So then she tells me she talks to him on the phone every night and they send emails all day. I mistakenly assumed she met him face to face. To be honest, I didn’t really want to hear too much because I thought she was totally stupid to get engaged to someone she knew nothing about.
Well, here’s the kicker….she said she was moving to the USA to live with him. So she quit her job, and was going to move to another country. I told her it was a mistake.
Fast forward to now. Last I heard ..sure enough the day before he is supposed to arrive to get her and help her move. She gets some random email from a gmail account saying it’s her fiance’s friend and that he died.
The sad part is she believed all of it. Later the guy admitted he was just playing with her. But reading the story of the girl getting engaged to the guy from online made me think of this. You have people doing totally stupid things.
Participant[quote=UCGal]I agree w early retirement… there are a lot of kids who aren’t working or going to school and basically need, IMO, a kick in the pants to stop sponging. I have a coworker who can’t figure out how to motivate his daughter into getting a job or getting serious about college. His wife refuss to consider the tough love approach, so they’re enabling her less than productive lifestyle.
And BG – I grew up in coastal San Diego in the 70s… I wasn’t ready for college when I graduated high school… but I got a job and moved out 2 weeks after my 18th birthday… I think it’s more of a generational thing than a geographical thing that is keeping kids at home these days. I see kids lingering at home well into their 20’s back east too.[/quote]
Yeah UCGal,
I see this ALL the time with some American clients and especially my British clients. Most of my super wealthy clients are from the UK. And I find many of them just spoil their kids rotten to the point that the kids won’t accomplish anything in life in the future. So the parents that do this and not administering a bit of “tough love” are contributing to their kids becoming losers.
One of my British clients bought several properties that were supposed to be “investments”. Well, his sons talked him into “taking a year off from college and living abroad” to learn Spanish. Well, it went from being a supposed rental investment property to a place that his college drop out son moved into as a party pad. This was a few years ago and he still lives in it. Oh, did I mention that his younger brother now lives in one of the other ones.
If you see your brother partying, not going to school and having dad pay for everything….you might tend to want to do the same thing.
I realize this girl in the story above isn’t in that situation but I think you have to have a healthy mix because I know plenty of parents that should have kicked the kids out and taught them the world isn’t an easy place and money doesn’t grow on trees.
I also know someone that sounds like this girl in the story above. She was an employee for one of the companies I owned. Totally strange strange situation because she was a super intelligent girl. College degree, fluent in 3 languages. Well, one day she told me she was quitting. I asked her why as I was surprised she was leaving after working for me several years.
You can imagine my surprise when she told me she was engaged. I was shocked as just a few months before she was single. I asked where she met this guy??? Her answer? Facebook!!
So then she tells me she talks to him on the phone every night and they send emails all day. I mistakenly assumed she met him face to face. To be honest, I didn’t really want to hear too much because I thought she was totally stupid to get engaged to someone she knew nothing about.
Well, here’s the kicker….she said she was moving to the USA to live with him. So she quit her job, and was going to move to another country. I told her it was a mistake.
Fast forward to now. Last I heard ..sure enough the day before he is supposed to arrive to get her and help her move. She gets some random email from a gmail account saying it’s her fiance’s friend and that he died.
The sad part is she believed all of it. Later the guy admitted he was just playing with her. But reading the story of the girl getting engaged to the guy from online made me think of this. You have people doing totally stupid things.
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