[equalizer]

[quote=donaldduckmoore]they come to fix small things and the co-pay is high. For high cost repair, they usually have bunch of excuse not to fix. Don’t fall in their trap and forget about it after the first year free warranty.[/quote]
Exactly, they replace with low end material. Even in best case scenario, when a colleague had the A/C go bad, they stated that tonnage was too small and they wanted to charge 2K for right size. Don’t renew after first year. Remember that service charge is per visit so group all plumbing issue in one call. Not sure about pre-exisiting conditions or waiting periods clause. In general, it is big profit center since most buyers will have problems fixed before they move in.

[equalizer]

Just because salaries are small part doesn’t mean we should ignore it. Legislators cut a 17% pay cut and they didn’t quit. If you hit some sectors with 10% pay cut, how many would quit in this economy?

Salaries across the board are very high in CA, esp prison guards and teachers.

I’ll start with prison guard rates, someone else can trace teachers.

Bakersfield, CA Prison guard avg – $67K,
Orlando, FL Prison guard avg – $38K,

http://www.job-hunt.org/careers/prison-guards.shtml

Comparison of CA and FL prisons:

CA:
* It costs an average of about $47,000 per year to incarcerate an inmate in prison in California.
* Over two-thirds of these costs are for security and inmate health care.
* Since 2000-01, the average annual cost has increased by about $19,500. This includes an increase of $8,300 for inmate health care and $7,100 for security.
More than 5,000 guards in CA make more than 100K with overtime (unsourced).

http://www.lao.ca.gov/laoapp/laomenus/sections/crim_justice/6_cj_inmatecost.aspx?catid=3

Florida:

How much does it cost to incarcerate an inmate for a year?

In Fiscal Year 2005-06, it cost $19,002 a year or $52.06 a day to feed,

http://www.dc.state.fl.us/oth/faq.html

[equalizer]

Just because salaries are small part doesn’t mean we should ignore it. Legislators cut a 17% pay cut and they didn’t quit. If you hit some sectors with 10% pay cut, how many would quit in this economy?

Salaries across the board are very high in CA, esp prison guards and teachers.

I’ll start with prison guard rates, someone else can trace teachers.

Bakersfield, CA Prison guard avg – $67K,
Orlando, FL Prison guard avg – $38K,

http://www.job-hunt.org/careers/prison-guards.shtml

Comparison of CA and FL prisons:

CA:
* It costs an average of about $47,000 per year to incarcerate an inmate in prison in California.
* Over two-thirds of these costs are for security and inmate health care.
* Since 2000-01, the average annual cost has increased by about $19,500. This includes an increase of $8,300 for inmate health care and $7,100 for security.
More than 5,000 guards in CA make more than 100K with overtime (unsourced).

http://www.lao.ca.gov/laoapp/laomenus/sections/crim_justice/6_cj_inmatecost.aspx?catid=3

Florida:

How much does it cost to incarcerate an inmate for a year?

In Fiscal Year 2005-06, it cost $19,002 a year or $52.06 a day to feed,

http://www.dc.state.fl.us/oth/faq.html

[equalizer]

Just because salaries are small part doesn’t mean we should ignore it. Legislators cut a 17% pay cut and they didn’t quit. If you hit some sectors with 10% pay cut, how many would quit in this economy?

Salaries across the board are very high in CA, esp prison guards and teachers.

I’ll start with prison guard rates, someone else can trace teachers.

Bakersfield, CA Prison guard avg – $67K,
Orlando, FL Prison guard avg – $38K,

http://www.job-hunt.org/careers/prison-guards.shtml

Comparison of CA and FL prisons:

CA:
* It costs an average of about $47,000 per year to incarcerate an inmate in prison in California.
* Over two-thirds of these costs are for security and inmate health care.
* Since 2000-01, the average annual cost has increased by about $19,500. This includes an increase of $8,300 for inmate health care and $7,100 for security.
More than 5,000 guards in CA make more than 100K with overtime (unsourced).

http://www.lao.ca.gov/laoapp/laomenus/sections/crim_justice/6_cj_inmatecost.aspx?catid=3

Florida:

How much does it cost to incarcerate an inmate for a year?

In Fiscal Year 2005-06, it cost $19,002 a year or $52.06 a day to feed,

http://www.dc.state.fl.us/oth/faq.html

[equalizer]

Just because salaries are small part doesn’t mean we should ignore it. Legislators cut a 17% pay cut and they didn’t quit. If you hit some sectors with 10% pay cut, how many would quit in this economy?

Salaries across the board are very high in CA, esp prison guards and teachers.

I’ll start with prison guard rates, someone else can trace teachers.

Bakersfield, CA Prison guard avg – $67K,
Orlando, FL Prison guard avg – $38K,

http://www.job-hunt.org/careers/prison-guards.shtml

Comparison of CA and FL prisons:

CA:
* It costs an average of about $47,000 per year to incarcerate an inmate in prison in California.
* Over two-thirds of these costs are for security and inmate health care.
* Since 2000-01, the average annual cost has increased by about $19,500. This includes an increase of $8,300 for inmate health care and $7,100 for security.
More than 5,000 guards in CA make more than 100K with overtime (unsourced).

http://www.lao.ca.gov/laoapp/laomenus/sections/crim_justice/6_cj_inmatecost.aspx?catid=3

Florida:

How much does it cost to incarcerate an inmate for a year?

In Fiscal Year 2005-06, it cost $19,002 a year or $52.06 a day to feed,

http://www.dc.state.fl.us/oth/faq.html

[equalizer]

Just because salaries are small part doesn’t mean we should ignore it. Legislators cut a 17% pay cut and they didn’t quit. If you hit some sectors with 10% pay cut, how many would quit in this economy?

Salaries across the board are very high in CA, esp prison guards and teachers.

I’ll start with prison guard rates, someone else can trace teachers.

Bakersfield, CA Prison guard avg – $67K,
Orlando, FL Prison guard avg – $38K,

http://www.job-hunt.org/careers/prison-guards.shtml

Comparison of CA and FL prisons:

CA:
* It costs an average of about $47,000 per year to incarcerate an inmate in prison in California.
* Over two-thirds of these costs are for security and inmate health care.
* Since 2000-01, the average annual cost has increased by about $19,500. This includes an increase of $8,300 for inmate health care and $7,100 for security.
More than 5,000 guards in CA make more than 100K with overtime (unsourced).

http://www.lao.ca.gov/laoapp/laomenus/sections/crim_justice/6_cj_inmatecost.aspx?catid=3

Florida:

How much does it cost to incarcerate an inmate for a year?

In Fiscal Year 2005-06, it cost $19,002 a year or $52.06 a day to feed,

http://www.dc.state.fl.us/oth/faq.html

[equalizer]

Edmunds has their 2009 Best Resale Value Awards at

http://www.kbb.com/kbb/NewsAndReviews/BestResaleValueAwards.aspx

No Surprise that Honda wins.

Cars.com has their prediction of

Best resale value after 3 years:

Rank Make and Model Style* Residual Value
1. Mini Cooper Hatchback (two-door) 68%
2. Honda Civic EX sedan 64%
3. BMW 1 Series Coupe 128i 63%
4. Subaru Impreza 2.5 i sedan 61%
5. Scion xB Base 61%
6. Honda Civic Hybrid Base 61%
7. Jeep Wrangler Sahara (two-door) 61%
8. Toyota Prius Standard 61%
9. Honda Fit Base 60%
10. Nissan GT-R Base 60%

http://www.cars.com/go/advice/Story.jsp?section=buy&story=hiResidual&subject=best_resale

[equalizer]

Edmunds has their 2009 Best Resale Value Awards at

http://www.kbb.com/kbb/NewsAndReviews/BestResaleValueAwards.aspx

No Surprise that Honda wins.

Cars.com has their prediction of

Best resale value after 3 years:

Rank Make and Model Style* Residual Value
1. Mini Cooper Hatchback (two-door) 68%
2. Honda Civic EX sedan 64%
3. BMW 1 Series Coupe 128i 63%
4. Subaru Impreza 2.5 i sedan 61%
5. Scion xB Base 61%
6. Honda Civic Hybrid Base 61%
7. Jeep Wrangler Sahara (two-door) 61%
8. Toyota Prius Standard 61%
9. Honda Fit Base 60%
10. Nissan GT-R Base 60%

http://www.cars.com/go/advice/Story.jsp?section=buy&story=hiResidual&subject=best_resale

[equalizer]

Edmunds has their 2009 Best Resale Value Awards at

http://www.kbb.com/kbb/NewsAndReviews/BestResaleValueAwards.aspx

No Surprise that Honda wins.

Cars.com has their prediction of

Best resale value after 3 years:

Rank Make and Model Style* Residual Value
1. Mini Cooper Hatchback (two-door) 68%
2. Honda Civic EX sedan 64%
3. BMW 1 Series Coupe 128i 63%
4. Subaru Impreza 2.5 i sedan 61%
5. Scion xB Base 61%
6. Honda Civic Hybrid Base 61%
7. Jeep Wrangler Sahara (two-door) 61%
8. Toyota Prius Standard 61%
9. Honda Fit Base 60%
10. Nissan GT-R Base 60%

http://www.cars.com/go/advice/Story.jsp?section=buy&story=hiResidual&subject=best_resale

[equalizer]

Edmunds has their 2009 Best Resale Value Awards at

http://www.kbb.com/kbb/NewsAndReviews/BestResaleValueAwards.aspx

No Surprise that Honda wins.

Cars.com has their prediction of

Best resale value after 3 years:

Rank Make and Model Style* Residual Value
1. Mini Cooper Hatchback (two-door) 68%
2. Honda Civic EX sedan 64%
3. BMW 1 Series Coupe 128i 63%
4. Subaru Impreza 2.5 i sedan 61%
5. Scion xB Base 61%
6. Honda Civic Hybrid Base 61%
7. Jeep Wrangler Sahara (two-door) 61%
8. Toyota Prius Standard 61%
9. Honda Fit Base 60%
10. Nissan GT-R Base 60%

http://www.cars.com/go/advice/Story.jsp?section=buy&story=hiResidual&subject=best_resale

[equalizer]

Edmunds has their 2009 Best Resale Value Awards at

http://www.kbb.com/kbb/NewsAndReviews/BestResaleValueAwards.aspx

No Surprise that Honda wins.

Cars.com has their prediction of

Best resale value after 3 years:

Rank Make and Model Style* Residual Value
1. Mini Cooper Hatchback (two-door) 68%
2. Honda Civic EX sedan 64%
3. BMW 1 Series Coupe 128i 63%
4. Subaru Impreza 2.5 i sedan 61%
5. Scion xB Base 61%
6. Honda Civic Hybrid Base 61%
7. Jeep Wrangler Sahara (two-door) 61%
8. Toyota Prius Standard 61%
9. Honda Fit Base 60%
10. Nissan GT-R Base 60%

http://www.cars.com/go/advice/Story.jsp?section=buy&story=hiResidual&subject=best_resale

[equalizer]

[quote=sdduuuude]Chris – I think this group is well ahead of the curve on local Real Estate, but fairly worthless when it comes to the bond/stock/commodities markets in which you are most adept so I can understand your comments.

I agree it is annoying when people bag on investors who are successful pulling off deals in a complicated market. Kudos to them, and thanks to SDR for pointing it out.

I’m with you on the “corrections always overcorrect” comments.

There is a bit of the herd mentality in the “prices can only go down” camp but I think for the most part we are ahead of the curve on local real estate … if a group can collectively be such.

I’d also like to see less “this can’t be happening” and “just wait until the shadow inventory hits the market” and more explanantion of why this market is looking healthier in such a bleak-looking economic environment.

I’d also like to say that someone who rents instead of buying a 500K house they can’t afford may not be smarter than a seasoned stock/bond trader, but at least they didn’t buy a 500K house they couldn’t afford, and at least they had the foresight to see that it may soon be a $350K house. I’d call that ahead of the game. Even more ahead of the game are people who could afford the 500K house in 2004 and rented anyway – and there are lots of those around here, too.

I guess we won’t know if we are ahead of the SD RE curve for another couple of years. For now I’ll take my RE cues from this group, and my non-RE investment cues from – well, anywhere else, frankly.

Personally, I see this Spring as the equivalent of a bear-market rally. It’s a little stronger than anyone expected and if you get in and out, there’s money to be made buying from those expecting the big crash and selling to those who think this is the bottom.

It’s a market where you have to move fast or get the hell out of the way of those who are moving fast.[/quote]
Very well said! I’m likely misunderstanding what you mean but I’ll say that transactional costs are so high that only realtors, brokers, etc will make out unless one sells in hot markets and buys in soft markets. Know someone in CV who bought 6 months ago all cash (from selling homes at 2005 peak and renting) and now is selling (was a panic buy) for what will be 50-75K loss.

[equalizer]

[quote=sdduuuude]Chris – I think this group is well ahead of the curve on local Real Estate, but fairly worthless when it comes to the bond/stock/commodities markets in which you are most adept so I can understand your comments.

I agree it is annoying when people bag on investors who are successful pulling off deals in a complicated market. Kudos to them, and thanks to SDR for pointing it out.

I’m with you on the “corrections always overcorrect” comments.

There is a bit of the herd mentality in the “prices can only go down” camp but I think for the most part we are ahead of the curve on local real estate … if a group can collectively be such.

I’d also like to see less “this can’t be happening” and “just wait until the shadow inventory hits the market” and more explanantion of why this market is looking healthier in such a bleak-looking economic environment.

I’d also like to say that someone who rents instead of buying a 500K house they can’t afford may not be smarter than a seasoned stock/bond trader, but at least they didn’t buy a 500K house they couldn’t afford, and at least they had the foresight to see that it may soon be a $350K house. I’d call that ahead of the game. Even more ahead of the game are people who could afford the 500K house in 2004 and rented anyway – and there are lots of those around here, too.

I guess we won’t know if we are ahead of the SD RE curve for another couple of years. For now I’ll take my RE cues from this group, and my non-RE investment cues from – well, anywhere else, frankly.

Personally, I see this Spring as the equivalent of a bear-market rally. It’s a little stronger than anyone expected and if you get in and out, there’s money to be made buying from those expecting the big crash and selling to those who think this is the bottom.

It’s a market where you have to move fast or get the hell out of the way of those who are moving fast.[/quote]
Very well said! I’m likely misunderstanding what you mean but I’ll say that transactional costs are so high that only realtors, brokers, etc will make out unless one sells in hot markets and buys in soft markets. Know someone in CV who bought 6 months ago all cash (from selling homes at 2005 peak and renting) and now is selling (was a panic buy) for what will be 50-75K loss.

[equalizer]

[quote=sdduuuude]Chris – I think this group is well ahead of the curve on local Real Estate, but fairly worthless when it comes to the bond/stock/commodities markets in which you are most adept so I can understand your comments.

I agree it is annoying when people bag on investors who are successful pulling off deals in a complicated market. Kudos to them, and thanks to SDR for pointing it out.

I’m with you on the “corrections always overcorrect” comments.

There is a bit of the herd mentality in the “prices can only go down” camp but I think for the most part we are ahead of the curve on local real estate … if a group can collectively be such.

I’d also like to see less “this can’t be happening” and “just wait until the shadow inventory hits the market” and more explanantion of why this market is looking healthier in such a bleak-looking economic environment.

I’d also like to say that someone who rents instead of buying a 500K house they can’t afford may not be smarter than a seasoned stock/bond trader, but at least they didn’t buy a 500K house they couldn’t afford, and at least they had the foresight to see that it may soon be a $350K house. I’d call that ahead of the game. Even more ahead of the game are people who could afford the 500K house in 2004 and rented anyway – and there are lots of those around here, too.

I guess we won’t know if we are ahead of the SD RE curve for another couple of years. For now I’ll take my RE cues from this group, and my non-RE investment cues from – well, anywhere else, frankly.

Personally, I see this Spring as the equivalent of a bear-market rally. It’s a little stronger than anyone expected and if you get in and out, there’s money to be made buying from those expecting the big crash and selling to those who think this is the bottom.

It’s a market where you have to move fast or get the hell out of the way of those who are moving fast.[/quote]
Very well said! I’m likely misunderstanding what you mean but I’ll say that transactional costs are so high that only realtors, brokers, etc will make out unless one sells in hot markets and buys in soft markets. Know someone in CV who bought 6 months ago all cash (from selling homes at 2005 peak and renting) and now is selling (was a panic buy) for what will be 50-75K loss.

[equalizer]

[quote=sdduuuude]Chris – I think this group is well ahead of the curve on local Real Estate, but fairly worthless when it comes to the bond/stock/commodities markets in which you are most adept so I can understand your comments.

I agree it is annoying when people bag on investors who are successful pulling off deals in a complicated market. Kudos to them, and thanks to SDR for pointing it out.

I’m with you on the “corrections always overcorrect” comments.

There is a bit of the herd mentality in the “prices can only go down” camp but I think for the most part we are ahead of the curve on local real estate … if a group can collectively be such.

I’d also like to see less “this can’t be happening” and “just wait until the shadow inventory hits the market” and more explanantion of why this market is looking healthier in such a bleak-looking economic environment.

I’d also like to say that someone who rents instead of buying a 500K house they can’t afford may not be smarter than a seasoned stock/bond trader, but at least they didn’t buy a 500K house they couldn’t afford, and at least they had the foresight to see that it may soon be a $350K house. I’d call that ahead of the game. Even more ahead of the game are people who could afford the 500K house in 2004 and rented anyway – and there are lots of those around here, too.

I guess we won’t know if we are ahead of the SD RE curve for another couple of years. For now I’ll take my RE cues from this group, and my non-RE investment cues from – well, anywhere else, frankly.

Personally, I see this Spring as the equivalent of a bear-market rally. It’s a little stronger than anyone expected and if you get in and out, there’s money to be made buying from those expecting the big crash and selling to those who think this is the bottom.

It’s a market where you have to move fast or get the hell out of the way of those who are moving fast.[/quote]
Very well said! I’m likely misunderstanding what you mean but I’ll say that transactional costs are so high that only realtors, brokers, etc will make out unless one sells in hot markets and buys in soft markets. Know someone in CV who bought 6 months ago all cash (from selling homes at 2005 peak and renting) and now is selling (was a panic buy) for what will be 50-75K loss.

[Author]

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