[EconProf]

Not mentioned in the comments so far is the great family atmosphere in Scripps Ranch and the strong community spirit. Good schools, bigger lots, and a soon-to-open Trader Joe’s are all pluses. We raised a family there for 22 years before moving away, & often miss the place. Live in a cul-de-sac if you want instant friends.

[EconProf]

Not mentioned in the comments so far is the great family atmosphere in Scripps Ranch and the strong community spirit. Good schools, bigger lots, and a soon-to-open Trader Joe’s are all pluses. We raised a family there for 22 years before moving away, & often miss the place. Live in a cul-de-sac if you want instant friends.

[EconProf]

Not mentioned in the comments so far is the great family atmosphere in Scripps Ranch and the strong community spirit. Good schools, bigger lots, and a soon-to-open Trader Joe’s are all pluses. We raised a family there for 22 years before moving away, & often miss the place. Live in a cul-de-sac if you want instant friends.

[EconProf]

Not mentioned in the comments so far is the great family atmosphere in Scripps Ranch and the strong community spirit. Good schools, bigger lots, and a soon-to-open Trader Joe’s are all pluses. We raised a family there for 22 years before moving away, & often miss the place. Live in a cul-de-sac if you want instant friends.

[EconProf]

Good points, patientrenter. In sorting out the winners and the losers, timing is everything.
The winners include those who bought well before the 2005-6 peak and still are ahead…that is did not engage in equity extraction to go on a consumption binge. The really big winners would be those few who sold out at the peak and became renters! These lucky or smart few can now live off their cash-out proceeds.
The biggest losers would be those who faithfully saved up their money for a big down payment and then bought at the peak. Not only is there net worth depleted, they now face higher taxes in order to pay for their reckless neighbor’s mortgage.

[EconProf]

Good points, patientrenter. In sorting out the winners and the losers, timing is everything.
The winners include those who bought well before the 2005-6 peak and still are ahead…that is did not engage in equity extraction to go on a consumption binge. The really big winners would be those few who sold out at the peak and became renters! These lucky or smart few can now live off their cash-out proceeds.
The biggest losers would be those who faithfully saved up their money for a big down payment and then bought at the peak. Not only is there net worth depleted, they now face higher taxes in order to pay for their reckless neighbor’s mortgage.

[EconProf]

Good points, patientrenter. In sorting out the winners and the losers, timing is everything.
The winners include those who bought well before the 2005-6 peak and still are ahead…that is did not engage in equity extraction to go on a consumption binge. The really big winners would be those few who sold out at the peak and became renters! These lucky or smart few can now live off their cash-out proceeds.
The biggest losers would be those who faithfully saved up their money for a big down payment and then bought at the peak. Not only is there net worth depleted, they now face higher taxes in order to pay for their reckless neighbor’s mortgage.

[EconProf]

Good points, patientrenter. In sorting out the winners and the losers, timing is everything.
The winners include those who bought well before the 2005-6 peak and still are ahead…that is did not engage in equity extraction to go on a consumption binge. The really big winners would be those few who sold out at the peak and became renters! These lucky or smart few can now live off their cash-out proceeds.
The biggest losers would be those who faithfully saved up their money for a big down payment and then bought at the peak. Not only is there net worth depleted, they now face higher taxes in order to pay for their reckless neighbor’s mortgage.

[EconProf]

Good points, patientrenter. In sorting out the winners and the losers, timing is everything.
The winners include those who bought well before the 2005-6 peak and still are ahead…that is did not engage in equity extraction to go on a consumption binge. The really big winners would be those few who sold out at the peak and became renters! These lucky or smart few can now live off their cash-out proceeds.
The biggest losers would be those who faithfully saved up their money for a big down payment and then bought at the peak. Not only is there net worth depleted, they now face higher taxes in order to pay for their reckless neighbor’s mortgage.

[EconProf]

Luxuryglow: Tell us how it goes.
We should do it for San Diego.

[EconProf]

Luxuryglow: Tell us how it goes.
We should do it for San Diego.

[EconProf]

Luxuryglow: Tell us how it goes.
We should do it for San Diego.

[EconProf]

Luxuryglow: Tell us how it goes.
We should do it for San Diego.

[EconProf]

Luxuryglow: Tell us how it goes.
We should do it for San Diego.

[EconProf]

If I remember correctly from the news reports, a lot of the water cutbacks for CA farmers are due to the need to protect a certain fish–a type of smelt, I believe.
Because it is allegedly an endangered species, the water cannot be diverted towards agriculture as this will hurt the remaining smelt. Farmers need to get smart and be declared an endangered species.

[Author]

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