[Fearful]

[quote=fat_lazy_union_worker]
Also, I also fubbed fixing my car last night went a piece of plastic fell down the oil dipstick hole, and is somewhere inside my oil pan. Great….
[/quote]

Do not worry about any piece of plastic small enough to fall inside the dipstick hole. There is a screen at the oil intake, and if the piece of plastic is small enough to get past the screen, it will be trapped in the oil filter, and if too large to get past the screen, it will just hang out there.

Thank you for your pull-no-punches treatise on the Asian invasion of Carmel Valley. I even saved it in my archives. I am working very hard to figure out whether CV is a long term bet for me and my children, and at the same time wondering whether, if it is a good place to live for the long term, when and if the real estate values will ever get pounded. I can easily see a Chinese invasion propping up the values indefinitely, a la Cupertino, which has few redeeming values besides the domino effect you describe.

[Fearful]

[quote=fat_lazy_union_worker]
Also, I also fubbed fixing my car last night went a piece of plastic fell down the oil dipstick hole, and is somewhere inside my oil pan. Great….
[/quote]

Do not worry about any piece of plastic small enough to fall inside the dipstick hole. There is a screen at the oil intake, and if the piece of plastic is small enough to get past the screen, it will be trapped in the oil filter, and if too large to get past the screen, it will just hang out there.

Thank you for your pull-no-punches treatise on the Asian invasion of Carmel Valley. I even saved it in my archives. I am working very hard to figure out whether CV is a long term bet for me and my children, and at the same time wondering whether, if it is a good place to live for the long term, when and if the real estate values will ever get pounded. I can easily see a Chinese invasion propping up the values indefinitely, a la Cupertino, which has few redeeming values besides the domino effect you describe.

[Fearful]

[quote=fat_lazy_union_worker]
Also, I also fubbed fixing my car last night went a piece of plastic fell down the oil dipstick hole, and is somewhere inside my oil pan. Great….
[/quote]

Do not worry about any piece of plastic small enough to fall inside the dipstick hole. There is a screen at the oil intake, and if the piece of plastic is small enough to get past the screen, it will be trapped in the oil filter, and if too large to get past the screen, it will just hang out there.

Thank you for your pull-no-punches treatise on the Asian invasion of Carmel Valley. I even saved it in my archives. I am working very hard to figure out whether CV is a long term bet for me and my children, and at the same time wondering whether, if it is a good place to live for the long term, when and if the real estate values will ever get pounded. I can easily see a Chinese invasion propping up the values indefinitely, a la Cupertino, which has few redeeming values besides the domino effect you describe.

[Fearful]

Don’t forget those houses, at least this one in Sausalito, are right under the flight path for the choppers coming from MCAS. Especially when the marine layer hits, and the choppers fly under it, it’s WHUPWHUPWHUPWHUPWHUPWHUPWHUPWHUPWHUP.

Exciting the first couple of times and then downright intolerable. Power lines, choppers, and planes, oh my!

[Fearful]

Don’t forget those houses, at least this one in Sausalito, are right under the flight path for the choppers coming from MCAS. Especially when the marine layer hits, and the choppers fly under it, it’s WHUPWHUPWHUPWHUPWHUPWHUPWHUPWHUPWHUP.

Exciting the first couple of times and then downright intolerable. Power lines, choppers, and planes, oh my!

[Fearful]

Don’t forget those houses, at least this one in Sausalito, are right under the flight path for the choppers coming from MCAS. Especially when the marine layer hits, and the choppers fly under it, it’s WHUPWHUPWHUPWHUPWHUPWHUPWHUPWHUPWHUP.

Exciting the first couple of times and then downright intolerable. Power lines, choppers, and planes, oh my!

[Fearful]

Don’t forget those houses, at least this one in Sausalito, are right under the flight path for the choppers coming from MCAS. Especially when the marine layer hits, and the choppers fly under it, it’s WHUPWHUPWHUPWHUPWHUPWHUPWHUPWHUPWHUP.

Exciting the first couple of times and then downright intolerable. Power lines, choppers, and planes, oh my!

[Fearful]

Don’t forget those houses, at least this one in Sausalito, are right under the flight path for the choppers coming from MCAS. Especially when the marine layer hits, and the choppers fly under it, it’s WHUPWHUPWHUPWHUPWHUPWHUPWHUPWHUPWHUP.

Exciting the first couple of times and then downright intolerable. Power lines, choppers, and planes, oh my!

[Fearful]

[quote=fat_lazy_union_worker]

What about the jumbo conforming (whatever those are called)? I’m thinking that might be helping out slightly. don’t have any data right now…Don’t know. Anyone anyone?
[/quote]
Haven’t heard too much about the loans FKAJ (formerly known as jumbo). My impression was that the GSEs were reluctant to lend on them because of how their risk tainted the rest of their loan pool, so they had applied stringent criteria.

This babbling about Sorrento Valley employers, well, there simply ain’t all that many employers out there, and those that are, well, Qualcomm’s stock price has been flat for eight years. Ain’t no army of silicon valley millionaires being minted there!

I have an “asian invasion” theory I have floated here a couple of times. Still wondering if that is the dominant aspect. I can tell you I live in Sausalito, and the houses being sold, well, whites moving out and chinese moving in. Honestly, no opinion on whether that is good or bad.

[Fearful]

[quote=fat_lazy_union_worker]

What about the jumbo conforming (whatever those are called)? I’m thinking that might be helping out slightly. don’t have any data right now…Don’t know. Anyone anyone?
[/quote]
Haven’t heard too much about the loans FKAJ (formerly known as jumbo). My impression was that the GSEs were reluctant to lend on them because of how their risk tainted the rest of their loan pool, so they had applied stringent criteria.

This babbling about Sorrento Valley employers, well, there simply ain’t all that many employers out there, and those that are, well, Qualcomm’s stock price has been flat for eight years. Ain’t no army of silicon valley millionaires being minted there!

I have an “asian invasion” theory I have floated here a couple of times. Still wondering if that is the dominant aspect. I can tell you I live in Sausalito, and the houses being sold, well, whites moving out and chinese moving in. Honestly, no opinion on whether that is good or bad.

[Fearful]

[quote=fat_lazy_union_worker]

What about the jumbo conforming (whatever those are called)? I’m thinking that might be helping out slightly. don’t have any data right now…Don’t know. Anyone anyone?
[/quote]
Haven’t heard too much about the loans FKAJ (formerly known as jumbo). My impression was that the GSEs were reluctant to lend on them because of how their risk tainted the rest of their loan pool, so they had applied stringent criteria.

This babbling about Sorrento Valley employers, well, there simply ain’t all that many employers out there, and those that are, well, Qualcomm’s stock price has been flat for eight years. Ain’t no army of silicon valley millionaires being minted there!

I have an “asian invasion” theory I have floated here a couple of times. Still wondering if that is the dominant aspect. I can tell you I live in Sausalito, and the houses being sold, well, whites moving out and chinese moving in. Honestly, no opinion on whether that is good or bad.

[Fearful]

[quote=fat_lazy_union_worker]

What about the jumbo conforming (whatever those are called)? I’m thinking that might be helping out slightly. don’t have any data right now…Don’t know. Anyone anyone?
[/quote]
Haven’t heard too much about the loans FKAJ (formerly known as jumbo). My impression was that the GSEs were reluctant to lend on them because of how their risk tainted the rest of their loan pool, so they had applied stringent criteria.

This babbling about Sorrento Valley employers, well, there simply ain’t all that many employers out there, and those that are, well, Qualcomm’s stock price has been flat for eight years. Ain’t no army of silicon valley millionaires being minted there!

I have an “asian invasion” theory I have floated here a couple of times. Still wondering if that is the dominant aspect. I can tell you I live in Sausalito, and the houses being sold, well, whites moving out and chinese moving in. Honestly, no opinion on whether that is good or bad.

[Fearful]

[quote=fat_lazy_union_worker]

What about the jumbo conforming (whatever those are called)? I’m thinking that might be helping out slightly. don’t have any data right now…Don’t know. Anyone anyone?
[/quote]
Haven’t heard too much about the loans FKAJ (formerly known as jumbo). My impression was that the GSEs were reluctant to lend on them because of how their risk tainted the rest of their loan pool, so they had applied stringent criteria.

This babbling about Sorrento Valley employers, well, there simply ain’t all that many employers out there, and those that are, well, Qualcomm’s stock price has been flat for eight years. Ain’t no army of silicon valley millionaires being minted there!

I have an “asian invasion” theory I have floated here a couple of times. Still wondering if that is the dominant aspect. I can tell you I live in Sausalito, and the houses being sold, well, whites moving out and chinese moving in. Honestly, no opinion on whether that is good or bad.

[Fearful]

[quote=esmith]On the other hand, foreclosures continued strong through 1997, when the housing market was already recovering.[/quote]

The housing market was just beginning to recover in 1997. I’m looking at inflation-adjusted numbers, of course. Foreclosures were declining at that point.

That foreclosure surge lasted about seven years. No reason to expect this to last any less time, no? Barring, of course, some sort of extraordinary surge in the local, domestic, or global economies.

Esmith, thank you for your localized HPI blog. Along with everyone else here, I am stumped by the relative strength of Carmel Valley and other areas. Perhaps a significant part of it is the delayed wave of Alt-A and Option ARM resets.

[Fearful]

[quote=esmith]On the other hand, foreclosures continued strong through 1997, when the housing market was already recovering.[/quote]

The housing market was just beginning to recover in 1997. I’m looking at inflation-adjusted numbers, of course. Foreclosures were declining at that point.

That foreclosure surge lasted about seven years. No reason to expect this to last any less time, no? Barring, of course, some sort of extraordinary surge in the local, domestic, or global economies.

Esmith, thank you for your localized HPI blog. Along with everyone else here, I am stumped by the relative strength of Carmel Valley and other areas. Perhaps a significant part of it is the delayed wave of Alt-A and Option ARM resets.

[Author]

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