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Just went on exhaustive search as we’re in similar situation. Wife is driving daughter to diving in Mission Viejo 4-5 days/week.

Tried to negotiate with Honda on a CR-V hybrid, but they were firm with big add ons to MSRP. Ended up putting a deposit on a Hyundai Tucson hybrid at MSRP, no markup.

If it were me, I would have bought the Accord Sport hybrid. Doesn’t have the bells and whistles, but gets great mileage and is relatively cheap. There are a bunch on the lots, so likely more negotiable than the CR-V.

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Appreciate the local updates, sdr! Been focused most on 92011, but look back at my old 92078 sometimes. Seems bigger inventory jump in San Elijo Hills. Some have been months on market with multiple price drops, but just won’t go pending.

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Given the drop in water level at Lake Mead, started reading a bit and came across this:

https://www.pewtrusts.org/en/trend/archive/spring-2019/a-map-of-the-future-of-water

Wondering if it might be smart to buy some land in one of those blue areas with groundwater well potential to promote water security for my family if the current trend in So Cal continues to accelerate. The northwest has always been interesting to me as a mountain biker and lover of forests.

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[quote=Navydoc]By the way, wanted to go back to the safety aspect. My last year in San Diego I was riding from Stonebridge to Balboa on an ebike conversion I built myself (would probably meet your performance requirements scaredy). I was absolutely clobbered on Pomerado road, apparently near the light at Semillon. I have no memory of it. Woke up 2 1/2 hours later at Sharp Memorial. Those of you who know the road know there’s a generous bike lane. The person that hit me didn’t stop, and they never caught them. The police got 2 phone calls, one stating they just saw a car hit a bike, and the other said they just saw a biker flip over their handlebars (I think that might have been the person who hit me). I’ve always theorized that the reason they didn’t stop was because they may have thought they killed me. I’m sure I went down in a heap, and didn’t move.

The point is, I’m not sure that Pomerado could be made any safer for bicyclists, especially with inattentive and inconsiderate drivers. However, I can’t stop biking to work, I don’t feel like myself when I don’t do it. But the infrastructure we have is not bike friendly, and this is one of the MOST bike friendly cities in the country.[/quote]

That is a wild story, glad you survived. My teen daughter wants an ebike so bad like all her friends. I personally find it nuts that all these parents let their kids ride around town on streets that are basically highways with 50 mph speed limits and so many drivers distracted by their phones. Seems completely unsafe to me. Haven’t given in…yet.

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[quote=sdrealtor]And there’s a pretty simple reason why. All the prior sales were listed lower and bid up under frenzy conditions. When those houses sold at those price levels there was one buyer willing to pay that and the buyer behind them could’ve been far less. So what do the new sellers do? They take the highest price and add 5 to 10% to it. With peak selling season past and frenzy conditions gone they sit. This is a pricing issue that’s fairly easy to fix[/quote]

Looks like in his ‘hood Treviso, current listings are at high mark of recent sales, not 5-10% higher. One of the listings just sold in May and is now back on the market at same price, very strange. Given rates, achieving those same prices today seems unrealistic.

Definitely a nice little neighborhood, but those prices are insane given HOA and tax rate, IMO.

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I have not read too much about this, but I hope that the government will significantly change the way higher education is financed. They’ve created such a huge supply of money to ‘finance’ college with debt, it seems schools have been able to raise prices exponentially, fattened up admin staff, financed capital projects and grew endowments on the backs of college student borrowers.

College system needs to be financed differently, IMO.

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sdr – you mentioned realtors leaving the game due to low volume. Seems folks in the mortgage industry are hurting bad, if not worse. Refi volume down 75%, purchase volume down 50%. Lots of folks in that industry will need to find other work.

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Selling my mom’s townhome up in LA. Buyer’s loan has a rate of 4.875%. Ouch.

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sdrealtor – you see that one on Spar Ct for $1.5M that has a stripper pole? Ha! Went into escrow and fell out. Seems like a “deal”/sf given the area with a little money up front to improve some things (like removing the stripper pole).

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Like the idea, but vanity is real and few will want to drive this funky looking car. Model 3 is beautiful and pretty damn efficient.

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Is this for real? Seems a bit trollish.

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https://www.zillow.com/homedetails/7008-Mimosa-Dr-Carlsbad-CA-92011/16657097_zpid/

$791/sf – insanity. I don’t understand the pricing of this pocket of homes.

Just north across Aviara where I live the 90’s vintage homes go for around $400/sf (much bigger so I get a spread in ppsf, but not this much). https://www.zillow.com/homedetails/6956-Mimosa-Dr-Carlsbad-CA-92011/16658205_zpid/

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I took this exact action in mid-March last year when pandemic hit. Didn’t work out so well. Damn hindsight.

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[quote=gzz]Prop 15 will generally not lead to rent increases on small businesses.

Rents are determined by supply and demand for rentable space, NOT BY COSTS.

The only way Prop 15 leads to rent increases is landlords do not behave with economic rationality.

Who are these irrational commercial landlords?

Now there might be some soft n mild landlords like myself who will use a property tax increase as an excuse to raise below-market rent. And then you have those “NNN” or whatever leases that pass on property taxes to tenants. But tenants will demand lower base rent in such circumstances.

Ultimately these are all red herrings and insignificant in the long-run. Rents are determined by supply and demand. Prop 15 ending false and ultralow valuations on old commercial properties taxes don’t change either supply or demand.

The real question is “what is the incidence and dead-wight loss” of Prop 15. The answer is that it is the tax that hit non-residents and the rentier ultra-rich the most. For example, the publicly traded REITS that own a ton of California’s best commercial property are more than 90% owned by out of state people. They will pay the tax increase.

I view the only good argument against it that it should be directly paired with a cut of another tax to prevent the government from wasting the new revenue.[/quote]

Have to disagree here, depending on property type. I’ve financed a ton of commercial properties around California over the years and will tell you that if an owner’s annual property tax expense increases materially, they’re going to find any way they can to share that cost with someone else, most logical person being the tenant. NNN leases are very common in commercial property and it will be on the tenant, who is responsible for paying the property tax, to negotiate with the landlord to change the lease. Obviously this will be subject to supply & demand forces. Retail & office where demand is currently soft the tenants are in a better negotiating position, but for apartments and industrial properties where demand is high and vacancy rates are low, you better believe tenant rent or NNN costs are going up.

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[quote=svelte]Apparently a lot happens overnight!

He is in at least two high risk categories: old age and obesity.

At 74, he faces 5x greater chance of hospitalization and 90x greater chance that 20 somethings.

Obesity gives a 3x greater chance of hospitalization[/quote]

He’s in a third high risk category: low income

[Author]

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