[enron_by_the_sea]

[quote=KSMountain]

For example, USC was in a very nice neighborhood when it was founded. Mount St. Mary’s, just North, at that time was a haven of Vanderbilt’s, Carnegie’s, etc. There were the Rose Gardens. Some of those old homes remain and they are AMAZING.
[/quote]

Schools? The only constant I can see is that any non-unique neighborhood where quality of schools declines does not remain desirable in the long term!

[enron_by_the_sea]

[quote=briansd1]

I support HSR. But we just need to ram it through all the legal hurdles and build the lines from city center to city center. Downtown San Diego to Downtown LA with a connection to LAX.[/quote]

Hmm… Then you’ll love China. That’s how they got their HSR. Of course, such a system may cause some issues. ( http://www.nytimes.com/2011/07/25/world/asia/25train.html or http://www.guardian.co.uk/world/2012/mar/12/china-high-speed-rail-collapse )

I guess we should not be concerned about adoption of “third world” methods if used to build a train whose main stated purpose is to keep us out of “third world”.

I am actually disappointed to see this argument from you Brian! I don’t see any difference between this argument and the right’s argument that we should get rid of EPA or get rid of all regulation of wall street etc. 🙂

[enron_by_the_sea]

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/03/31/MN2F1NT19T.DTL

Looks like San Diego folks will first
(1) Drive to train station
(2) Take Amtrak to Burbank
(3) Hop on to HSR to Merced
(4) Change to Amtrak (does it even go Merced yet?)
(5) Change to Cal-Train Bay area.
(6) Rent a car from Cal-train station in bay area or use public transport (if available)

– This plan will now cost you only 68 Billion dollars (which we don’t have) instead of 100 billion dollars.

– Please don’t forget to vote for “Millionaire tax” this November (that raises taxes for every non-millionaire too) or else your public school funding will be cut. However HSR must happen under any circustances (or else we are a third-world country)!

http://latimesblogs.latimes.com/california-politics/2012/01/jerry-brown-high-speed-rail-california.html

[enron_by_the_sea]

[quote=cvrentguy] Beyond that, I will
remain optimistic that our friends in DC would not put a pitchfork into mortgage
interest deduction for rental properties as part of tax code reform. [/quote]

My guess after reading the talking heads from the right and the left is that mortgage interest deduction for homeowners might go away/scaled back because it is alleged that it is “wasteful subsidy” to “non-poor” which “distorts the housing market”.

No one, however, is proposing to eliminate the practice of writing off mortgage interest (and other expenses) for rental properties on schedule-E, because doing so would hurt “job creators”!

[quote=flu]
Once you start doing stuff on a schedule E, you have other deductions you can take though.. One being depreciation. And other things like cost,etc… So while you might have a positive cash flow, on paper it probably ends up being 0 or negative gain. I’m pretty sure if you can i f youcash flow this with +$500, you can pretty much write it all off as $0 net income on paper, at least for the first couple of years…At least it’s not effectively going to be 30%.
[/quote]

Depreciation sounds sweet but it is like delayed punishment. By claiming depreciation every year you may reduce your taxes for that year. But when you sell, all that depreciation needs to be recaptured at 25% rate in one go. So it is like party today and pay tomorrow 😉

There are ways to avoid depreciation recapture. You could avoid it by buying another property in 1031-exchange. Or you can choose to die and your heirs would inherit it at stepped up basis. But all that guarantees that you will be in pigglording business for life!

[enron_by_the_sea]

If you rent the house out then you can subtract Mello Roos.

[enron_by_the_sea]

SCOTUS is probably taking this down in anyway! Let’s talk about it only if this stands after June …

[enron_by_the_sea]

[quote=ocrenter][quote=Tickles][quote=dumbrenter]Indians are not Asians.

[/quote]

Really? What are we then?[/quote]

apparently you guys are suppose to be caucasians because of the influx of Aryans from the middle east a few thousand years ago. :)[/quote]

Interestingly, I learned recently that SCOTUS actually settled this issue way back in 1923!

[quote]
Associate Justice George Sutherland found that, while Thind, an Asian Indian, may claim to have “purity of Aryan blood” due to being “born in Village Taragarh Talawa,near Jandiala Guru, Amritsar, Punjab” and having “high caste” status; he was not Caucasian in the “common understanding”, so he could not be included in the “statutory category as white persons”.
[/quote]

http://en.wikipedia.org/wiki/United_States_v._Bhagat_Singh_Thind

[enron_by_the_sea]

Deleted

[enron_by_the_sea]

VIX is 14.80 today. Long term put options are cheap. I ended up buying deeply OOM 2014-puts on CRM and CMG (small positions.) I am seriously thinking about loading up on more 2014 puts.

[enron_by_the_sea]

[quote=ocrenter]

Who would have thought a relatively new house on the auction block would have such a big issue. Would have thought this would have been a no-brainer at $510k.[/quote]

Wow. I am glad I don’t do this.

[enron_by_the_sea]

Where will the new school be?

[enron_by_the_sea]

Happy to hear that flu! Get well soon!!!

[enron_by_the_sea]

Does anyone have any good/bad opinion or experience about the seminar program offered in Dingeman Elementary (Scripps Ranch, SDUSD)?

My kid is able to enroll into that one, so I need to make a call on that…

Thanks

[enron_by_the_sea]

Santa Clara will join that list soon now that they are building 49ers stadium!

And our our mayor proclaimed that we are off the bankrupcy list (finally!), so our pols can not wait to build the new stadium fast enough so that we can get back on it.

[enron_by_the_sea]

Flu, next week’s stock (non)recommendation: Buy BVSN

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