[enron_by_the_sea]

[quote=UCGal] If you don’t have kids and /or don’t plan to sell in the future, the school issue is a non-issue.[/quote]

I always thought school district is non-issue as far as selling the house. Because if the school district is not good, you get to buy the house for cheap also.

This can only be an issue if schools that had good reputation when you bought, suddenly became worse when you sold.

Thus if you don’t have kids to send to school, it might be actually better to buy in not so good school district. You pay less and hold a lottery ticket if somehow the schools change for better in future.

If you buy in a good school district (but not use its schools), you are in exactly opposite situation.

[enron_by_the_sea]

[quote=UCGal] If you don’t have kids and /or don’t plan to sell in the future, the school issue is a non-issue.[/quote]

I always thought school district is non-issue as far as selling the house. Because if the school district is not good, you get to buy the house for cheap also.

This can only be an issue if schools that had good reputation when you bought, suddenly became worse when you sold.

Thus if you don’t have kids to send to school, it might be actually better to buy in not so good school district. You pay less and hold a lottery ticket if somehow the schools change for better in future.

If you buy in a good school district (but not use its schools), you are in exactly opposite situation.

[enron_by_the_sea]

[quote=UCGal] If you don’t have kids and /or don’t plan to sell in the future, the school issue is a non-issue.[/quote]

I always thought school district is non-issue as far as selling the house. Because if the school district is not good, you get to buy the house for cheap also.

This can only be an issue if schools that had good reputation when you bought, suddenly became worse when you sold.

Thus if you don’t have kids to send to school, it might be actually better to buy in not so good school district. You pay less and hold a lottery ticket if somehow the schools change for better in future.

If you buy in a good school district (but not use its schools), you are in exactly opposite situation.

[enron_by_the_sea]

I lived there for a while. Everything that AN says is correct. Few other negatives that I would add are

(1) Even the basic shopping like groceries can be too far. You have to drive. (But now they opened a small grocery store on Camino Santa Fe.)

(2) People drive really fast on calle Cristobal and Sorrento Valley rd. (small annoyance)

(3) Carefully choose your street. Some rented houses are full of partying college students.

[enron_by_the_sea]

I lived there for a while. Everything that AN says is correct. Few other negatives that I would add are

(1) Even the basic shopping like groceries can be too far. You have to drive. (But now they opened a small grocery store on Camino Santa Fe.)

(2) People drive really fast on calle Cristobal and Sorrento Valley rd. (small annoyance)

(3) Carefully choose your street. Some rented houses are full of partying college students.

[enron_by_the_sea]

I lived there for a while. Everything that AN says is correct. Few other negatives that I would add are

(1) Even the basic shopping like groceries can be too far. You have to drive. (But now they opened a small grocery store on Camino Santa Fe.)

(2) People drive really fast on calle Cristobal and Sorrento Valley rd. (small annoyance)

(3) Carefully choose your street. Some rented houses are full of partying college students.

[enron_by_the_sea]

I lived there for a while. Everything that AN says is correct. Few other negatives that I would add are

(1) Even the basic shopping like groceries can be too far. You have to drive. (But now they opened a small grocery store on Camino Santa Fe.)

(2) People drive really fast on calle Cristobal and Sorrento Valley rd. (small annoyance)

(3) Carefully choose your street. Some rented houses are full of partying college students.

[enron_by_the_sea]

I lived there for a while. Everything that AN says is correct. Few other negatives that I would add are

(1) Even the basic shopping like groceries can be too far. You have to drive. (But now they opened a small grocery store on Camino Santa Fe.)

(2) People drive really fast on calle Cristobal and Sorrento Valley rd. (small annoyance)

(3) Carefully choose your street. Some rented houses are full of partying college students.

[enron_by_the_sea]

Agreed:

I checked this out this morning (They are doing a radio ad hardsale). I was hoping to see a repeat of 3+ % yields, but these yields are totally waste of time! (Did not realize that these were not even GO ….)

CA credits are on a rally last couple of months. I guess the window to buy munis is shut down for now!

[enron_by_the_sea]

Agreed:

I checked this out this morning (They are doing a radio ad hardsale). I was hoping to see a repeat of 3+ % yields, but these yields are totally waste of time! (Did not realize that these were not even GO ….)

CA credits are on a rally last couple of months. I guess the window to buy munis is shut down for now!

[enron_by_the_sea]

Agreed:

I checked this out this morning (They are doing a radio ad hardsale). I was hoping to see a repeat of 3+ % yields, but these yields are totally waste of time! (Did not realize that these were not even GO ….)

CA credits are on a rally last couple of months. I guess the window to buy munis is shut down for now!

[enron_by_the_sea]

Agreed:

I checked this out this morning (They are doing a radio ad hardsale). I was hoping to see a repeat of 3+ % yields, but these yields are totally waste of time! (Did not realize that these were not even GO ….)

CA credits are on a rally last couple of months. I guess the window to buy munis is shut down for now!

[enron_by_the_sea]

Agreed:

I checked this out this morning (They are doing a radio ad hardsale). I was hoping to see a repeat of 3+ % yields, but these yields are totally waste of time! (Did not realize that these were not even GO ….)

CA credits are on a rally last couple of months. I guess the window to buy munis is shut down for now!

[enron_by_the_sea]

[quote=Huckleberry]

I challenge any RE bulls to rebut this analysis and thesis without embarrassing yourself now and/or in the future when her predictions once again come true…

[/quote]

I am not RE bull and obviously Meredith Whitney is smart and I respect her for the being right on the big call.

However I read the link and listened to CNBC interview and it was all about banks, their balance sheets and stock prices.

I only see following quote about house prices : “I think there is no doubt that home prices will go down dramatically from here, it’s just a question of when.”. There are absolutely no reasons listed in the article for that assertion.

How do you rebut an “analysis and thesis” which has not been made?

[enron_by_the_sea]

[quote=Huckleberry]

I challenge any RE bulls to rebut this analysis and thesis without embarrassing yourself now and/or in the future when her predictions once again come true…

[/quote]

I am not RE bull and obviously Meredith Whitney is smart and I respect her for the being right on the big call.

However I read the link and listened to CNBC interview and it was all about banks, their balance sheets and stock prices.

I only see following quote about house prices : “I think there is no doubt that home prices will go down dramatically from here, it’s just a question of when.”. There are absolutely no reasons listed in the article for that assertion.

How do you rebut an “analysis and thesis” which has not been made?

[Author]

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