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flyer
ParticipantWe here are all very fortunate that our kids have, or will have, great careers and help from their families wrt their desired (desired being the key word, as most would probably not want to live in the less expensive alternate options) housing, but this article highlights the affordability issue facing many in America. As expected, San Diego is on one of the charts.
https://nypost.com/2022/03/17/61-of-renters-in-the-us-cant-afford-to-buy-a-home-in-their-city/
ParticipantWe’ve been through many cycles over the years, and agree, some make it through, and even benefit, and some don’t. Positioning, and tapping other sources of wealth during those times have made all of the difference for us, as well as others, so it’s definitely possible to weather the storms, and even improve your position.
Participantdz, I think you might underestimate the many sources of wealth some have, other than the obvious, and who have been living the lives they want to live for many years mostly independent of market conditions.
Per this discussion, whether this, or other demographics are large enough to sustain the continued acceleration of pricing in the real estate market remains to be seen, and should be interesting to watch.
June 1, 2022 at 8:31 AM in reply to: SF city RE prices down to 2017 prices due to crime wave and WFH #825815ParticipantWhen I was flying, and in life in general, we have been amazed at how many wonderful people we have met over the years in this great big world, by virtue of our travels, so I can imagine it would be a similar experience with meeting people via Uber, and it sounds like you are really enjoying it.
This is definitely a busy time in RSF, especially at the Inn and Rancho Valencia. We see it every year about this time with weddings, the fair, racing, etc., and our home transforms into Hotel RSF–but we don’t mind having friends and family stay with us. The area makes you feel you have been transported to a private paradise, far away from everything, when, in reality, you are only minutes from all that you want and need, and that’s what we love about it.
May 31, 2022 at 2:46 PM in reply to: SF city RE prices down to 2017 prices due to crime wave and WFH #825800ParticipantI mentioned a tiny portion of the specifics of our family’s financial lives as it relates to the discussion we were having, as others have, and keep the rest private.
For me, the motivating factor in all acquisitions, is creating lives we love for our family and extended family now, and what we can pass on to our kids. For me, that’s what makes it all worthwhile.
Ultimately, some of us will die young, and some will live to be old with and without health issues. Thankfully, at 60, I’m fine so far, but since all life on earth is temporary, I’m not worried either way.
May 31, 2022 at 1:58 PM in reply to: SF city RE prices down to 2017 prices due to crime wave and WFH #825796ParticipantLove it. Seem like good choices to me + a “must have” is living near the beach for us whether it’s here or in HI, etc.
May 31, 2022 at 12:40 PM in reply to: SF city RE prices down to 2017 prices due to crime wave and WFH #825792ParticipantThat’s wonderful. Sounds like we’re all very happy with everything we have, and our fantastic lives.
May 31, 2022 at 12:18 PM in reply to: SF city RE prices down to 2017 prices due to crime wave and WFH #825790ParticipantJust as so many of the wealthy in the Bay Area, many of my cousins and others whose families wealth predated the arrival of tech, seemed to be ready for a change, and I think some of the negative issues going up there helped them make their decisions.
Since they can live anywhere they wish, and still keep their other properties, some of which they are renting to the techies, they have been motivated to make some changes in their lives for various reasons, none of which have anything to do with finances, and they are very happy with their choices, so, all is well. They especially love now having homes by our beautiful beaches, and that was another big determining factor vs. staying in SFO.
May 31, 2022 at 9:29 AM in reply to: SF city RE prices down to 2017 prices due to crime wave and WFH #825788ParticipantIt seems to be true that many are still relocating to San Diego, and other SoCal coastal cities from the Bay Area. Have quite a few family members who have moved here from there in the past few years, as San Diego has been a total bargain, comparatively speaking. Even some in Marin County are considering a move. Most in Napa and Sonoma plan to stay up there per our last visits.
ParticipantIt’s all good. Have a nice weekend everyone.
ParticipantYes, understand. We have had Chubb, AIG, and one other similar high-end policy that I remember over the years, but decided to go with USAA, Umbrella policies, and self-insure for the rest. Right now, we’re comfortable with the coverage we have, but may look at those options again, if we feel we need to.
ParticipantFantastic. You’re all set. We like USAA because they cover just about everything, including boats and planes, which usually require special policies. I remember I had to go off shore to insure some helicopters I was leasing to a flight school several years ago, and it was a pain, so with the exception of the art collection, and a few other things, it’s a great one-stop shop.
ParticipantYeah, we went to the pre-screening in Coronado at North Island. Mostly for those who worked on the film, and a few others. Cruise was there–great film. Premieres are one of our favorite things to do.
You are exactly right about USAA. Family member connection is what I was referring to, and is what you need to join. Works well for us.
ParticipantThanks to a family connection, we have USAA, and it’s fantastic for the primary, rentals, cars, and most other things we insure. Also like Amica.
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