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flyer
ParticipantThis is a great thread, and I’m planning to pass it on to friends who are moving here. They have looked at Stonebridge and love the homes, but they don’t want to live East of I-15.
Other than Santaluz, which they are strongly considering, are there any other locations anyone might suggest with larger homes and lots in the
up to $1.5M range? Just want to make sure I haven’t missed anything I might share with them.ParticipantAs “entrenched incumbents,” per Mr. Kotkin, our family has been in the “Golden State” for generations, and, yes, it has changed tremendously in both positive and negative ways.
Yet, even if everything Mr. Kotkin says is true or comes to pass, no one we know seems to be interested in giving up the California lifestyle for one of the more “practical” locales.
I’ve visited all of the alternative locations he mentioned, and, even if I was just starting out in life, it would be very difficult for me to consider any of them, for many, many reasons.
I also understand the decision to leave the state is probably valid for the financial welfare of many families.
It has been clear for many years that many young people who were raised in CA will never be able to afford to stay here, or to buy homes here once they are out of their parent’s homes, and that faction is growing daily.
On the opposite end of the spectrum, many who have worked here for their entire lives, will never be able to afford to retire here. So, many of Mr. Kotkin’s points are well taken.
Yet, if one has only one life to live, you do want to ask yourself how and where you really want to spend those precious few years.
ParticipantWe own quite a few rentals in CV, north of SR-56, which we have always preferred over other southern locations for many of the reasons others have mentioned.
If you are looking to buy soon, the real challenge, as others have also mentioned, will be the inventory situation, so you may want to broaden your scope to include PHR and/or Del Mar.
ParticipantI’m no expert on this, and I’m sure the realtors here will offer far more in-depth thoughts on this speculation, but it is for the reasons you have cited that we have suggested to the young people in our family who have good jobs, and are buying real estate, that they do so near centers of employment, with excellent schools, shopping, restaurants, etc., etc.
A couple of our kids who have purchased homes in the Carmel Valley and Del Sur areas which have all of the above going for them, have mentioned that families seem to be moving in at a very brisk pace lately. It seems they all love the fact that everything they want and need is literally right out their front door.
On that basis, I guess one could speculate that over the next few years there will be “pockets” of real estate that will be in high demand, and other areas that will literally languish forever. JMHO.
ParticipantOur immediate and extended family has owned investment properties in CA (San Diego, etc.) and other locations for 50+ years, but when I look at the numbers for friends, etc., who want to get into the game now, it really concerns me.
There are lots of good suggestions here, and to add my two cents, I’d suggest talking to someone you trust who is a pro, to get their take on your various options, and have them pencil things out for you.
I’d also be very, very careful–whatever you decide to do. Don’t jump into anything unless you are sure it will work for you long-term.
ParticipantDon’t have the name of a designer for you, but my wife recently redecorated our RSF home in the Amalfi Coast style. She did all of her own research, and came up with a great design plan that we really love.
We travel a lot, and have spent a lot of time on the Amalfi Coast of Italy, so it was a natural for us.
You might want to check out this option online, and/or ask a designer about it.
ParticipantWe’ve lived all over the world, but, as Natives, have always kept our “home base” in San Diego, simply because our entire family likes it better than any other place in the world. We know that may not be true for others, and everyone has to do what they feel is best.
As other posters have mentioned, if living in CA becomes a financial issue, it probably is better to look elswhere–especially if your kids won’t be able to afford to buy homes here, or will have to settle for a compromised quality of life.
ParticipantA family member who is looking to buy in Hawaii tells me they checked out a site called hawaiimoves.com. This is not an endorsement, but it appears to have quite a bit of info that may help you.
ParticipantFrom my perspective, I agree that anything that increases the demand for rentals is great. We were able to retire early because of our rentals.
ParticipantMy brother and his wife got a real steal at “Pebble” about 20 years ago, and, like you, he had to jump through lots of hoops before finalizing the deal.
It’s a little too cool for us up there, but they absolutely love it, and we really enjoy visiting them. That area is truly one of the most beautiful places in the world.
You did great–ENJOY!!
November 30, 2011 at 2:05 AM in reply to: OT: Another airline bites the dust… AMR files for Chapter 11 #733585ParticipantSad, but not unexpected. Many saw this coming, based on labor costs and fuel alone. Lots of our friends who were with AMR cashed out in anticipation of this day, and have no regrets.
Seems like a merger might be a consideration, but only time will tell.
Although we were with another airline, my wife and I are very glad to be out of that game,and enjoying life with our family.
September 15, 2011 at 6:09 PM in reply to: P&G’s Hour Glass Strategy: Shrinking Middle Class #729185ParticipantThe report I read in the WSJ actually put the number at 5.5M with investable assets of $1M+ out of around 114M households in the US, but 5.6M is even better.
Instead of saying this number “amazes” me, I should have said it alarms me, as it reveals how millions of people are still financially unprepared–for the many reasons other posters mentioned, along with many more we haven’t even touched upon. Just speaking for myself and my family, I know I’d be very concerned if we were below that seven-figure mark.
September 14, 2011 at 4:10 PM in reply to: P&G’s Hour Glass Strategy: Shrinking Middle Class #729051ParticipantAnother stat to support this strategy reveals that less than 5% of US households have “investable assets” (obviously excluding real estate) of $1M+. It really amazes me that this percentage is so low.
ParticipantAnother personal story I wanted to add on this topic.
Our daughter was was in a Broadway play that year, and, as another poster mentioned, decided she wanted to leave NYC after the 9/11 experience.
As it turned out, she moved back to CA and got a great TV deal. Although she will never forget all of those lost on that terrible day, the decision to move actually gave her the life of her dreams, and she will always remember that as the turning point of her career.
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