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I can’t speak for all Boomers, and, fortunately I don’t know any of the type that have been described by other posters, but I’m sure many Boomers fulfill the negative definitions that have been posted here, just as many Millenials fulfill the negative definitions many hold about them.

That said, I can only speak for the lifestyle my friends and family embrace, which is one that puts family, friends and other chosen priorities first (and, believe me, none of my children ran the streets of Rancho Santa Fe when they were being raised here); created multiple sources of passive of income at a very early age, so we have been able to spend our time as we choose most of our lives–doing the things that are most important to us without financial concern–as well as creating a legacy for our children, grandchildren and great-grandchildren, etc.–all without long commutes, or becoming needy, and with more love than we could ever want if we were to live to be a thousand.

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Valid points, but regardless of who or what created the society we are now experiencing, here we are. It’s true that most of us Boomers took advantage of everything that was available to us to create the lives we wanted, but that was just a case of being born in the right place at the right time, with tremendous opportunities, and imo, any generation, whatever they were named, would have done the same, had they been born in that time period. Could things have been done differently?–most likely, but hindsight is always 20/20.

Bottom line is that playing the blame game isn’t going to change anyone’s life, and I hope Millennials and others, if they not happy with their lives, will be highly motivated to change what they don’t like, so they can live the lives they want to live.

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From what they’re both promising, I’m completely convinced everyone and their kids and their kids kids will be millionaires, uh, sorry, trillionaires, for eternity.

How? Guess we’ll just have to wait for that answer to be formulated and reformulated, and reformulated again, but, in the meantime, the wealth gap stats should be interesting to check out in about four years.

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[quote=AN][quote=SK in CV]Really? A single paragraph of a speech that you just read for the first time no more than a few days ago, for which you had zero context, is why you don’t trust her? Before that you did? Yeah, go with that. That’s believable. Can’t be that you really don’t have a good reason.[/quote]Believe what you will. I’m not trying to convince you. All you need to know is I think she’s a big fat LIAR. I’m also not alone. Majority of American think so too. Keep drinking your Kool-Aid. It’s good for you.[/quote]

Hey, AN, +1. We have no regard for either candidate this time around, but know people who know both of them well, and from what we’ve heard, even they would agree with your assessment of her, and, of course, we all know what most people think of him.

Imo, it’s a pick your poison kind of election. Sad for people who actually believe they are going to gain something tangible out of all of this rhetoric.

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No way +1.

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We love it also. Have been going to the CV/Del Mar location since it
opened–and our kids loved it when they were young. Even with all of the other great dining options in the area, this is still one of our favorites.

We knew the original Garden Fresh owner, who also used to dine at the CV location, but since the company was sold in 2005, lots of things have changed.

As others have mentioned, it sounds like SoCal will be safe, as they try to weather this latest storm. Hope so.

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This is probably not exactly what you are looking for, but is something I ran across a year or so ago when someone asked me a similar question:

http://www.lao.ca.gov/reports/2015/finance/housing-costs/housing-costs.aspx

I can tell you that our family (starting with my grandparents) have been buying primary residences and investment properties in San Diego coastal to a few miles inland and elsewhere since the 1960’s, when a panoramic ocean view lot and home would cost you under a $100K. We still own those same properties today, along with others we’ve continued to collect since then.

Property values didn’t really start to skyrocket here until various industries decided to base or expand here, which, in turn brought employees who needed housing, and that was the genesis of what you are seeing today wrt price appreciation.

It’s been great for those who got in early, but, imo, will continue to be challenging for some in retirement, as well as those who came late to the party and their children.

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[quote=harvey]What does it mean to be film investor, aside from buying Disney stock?[/quote]

Definitely hard to beat the Disney stock thing, but since my wife has connections in the business, a group of us have been involved in investing in both studio and independent film projects for several years.

We’ve had a couple of losers, but, overall, things have worked out well, with Avatar being our best project to date, and sequels in the works. In many cases, global box office continues to outpace domestic, and it seems that will continue to be the case going forward.

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Even with the slowdown, and the censorship issues, China is poised to become the #1 film market in the world very soon, per below. As film investors, we’ve seen this market grow exponentially in recent years, as China’s affluent younger generation and the middle class continue to explode.
http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-china-growth-20151105-story.html

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We actually prefer HI also, and bought a Kahala oceanfront home from a very desperate seller quite a few years ago. It was a steal, or we probably never would have done it.

We’d never give up our homes in CA, but since our travel is virtually free, and the entire family uses the property, it’s worked out well, but I can also see the appeal of the Cabo property. It’s beautiful there.

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That’s very true, CAr. Just trying to give those of you who are just starting this journey a little hope that all is not lost, and that, in some ways, the best may be yet to come for both you and your kids.

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From our experience, I can tell you that the joy of seeing your kids flourish in their lives and chosen professions will eventually outweigh the trauma of letting them go.

As I mentioned before, we’re all still very close, and they would not have been happy with their lives if we tried to hang on too tightly, so you will see light at the end of the tunnel.

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We’ve been through it with 3, and it’s never easy, but try to be happy that they want to spread their wings. You’re in the transition period right now, but that will pass.

Over time, as they graduate, and find their paths in life, you’ll find that you are still very much a part of their lives–at least that’s the way it’s been for us.

As my daughter said to me when she graduated from Harvard Med–“If it wasn’t for you and Mom, I’d never be where I am today.” The guys have gone through a few more phases than our daughter did to get to their destinations, but they’ve each landed where they want to be.

In some ways our relationship with our kids has changed–but in a good way–as they have grown into adults, and we’re all still very close, even though they are far more independent than they’ve ever been. I’m sure you’ll find that will be the case with your kids.

Here’s an article you might like:

https://www.psychologytoday.com/blog/the-teenage-mind/201308/letting-go-college-kids

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“A landlord needs an edge in the San Diego market. Passive income is best earned with properties bought at a discount.” Agree, and definitely something for the OP to consider.

My wife and I got into the business with our parents when we were kids, and before going off to college. We purchased our investment properties in LJ, DM, CV and elsewhere in the 80’s and 90’s with loans/partnerships from/with the folks.

Things have changed a lot in San Diego, and everywhere since then, and, imo, a real estate investor entering the market today, would be wise to weigh the pros and cons, to make sure this type of investment makes sense for them in the present financial environment.

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We have many rentals–SFH’s and other–in CV and elsewhere, and rarely have vacancies. That said, I think your only real problem right now is the timing.

From my experience, and that of friends, this time of the year, with the school year upon us, and going into the holidays, can be a somewhat difficult time to find buyers or renters–especially for SFH’s in certain areas.

Hopefully, that will, once again, change again in the Spring. Don’t want to give advice, but, if it were me, I’d probably wait until then to make a decision.

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