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June 22, 2015 at 5:21 AM in reply to: Career Advice wrto an Environment Undergoing Change of Ownership #787414
flyer
ParticipantI’m quite sure that many of us who prefer to live in CA realize prices here are extreme when compared to more “practical” locations in the US, but, it’s where we choose to be for many other reasons.
Some of our best friends are from London, and have chosen to live in the San Diego area for many of the same reasons we do. It’s definitely true that our property prices are in the “bargain” category when compared to London and the UK, so, for them, it’s definitely been a win/win.
flyer
ParticipantIt seems the Fed will float the game by varying degrees as long as they can, and, that could be a long time.
Imo, the best plan is to be prepared for whatever direction things go.
flyer
ParticipantI think appreciation will continue in all of the most desirable areas–especially since there is so little, if any, buildable land left within 0-15 miles of the CA coast.
Of course, anything can happen in the future, so it will definitely be fascinating to watch how this plays out as compared to other locations around the country.
flyer
ParticipantDefinitely scary.
My wife has been involved in a few “horror” film projects, and they have proven to be some of the most lucrative of her producing career.
The ROI on those type of films beats just about every other genre, including the huge blockbusters, which are far more expensive to produce.
For example, “Paranormal Activity” had an ROI of 540,000,000%. Interesting how that genre taps so deeply into the human psyche.
flyer
ParticipantI think it’s great to hear people love where they live. We feel the same about RSF, and never plan to move. (being near the beach is a must for us)
As was mentioned, everything is relative to the lifestyle you and your family prefer, and even if a particular geographic location doesn’t provide each and every thing you enjoy, its easy to visit any place you may wish to go.
The bottom line is, if you are happy where you are, it really makes no difference what others prefer.
flyer
ParticipantI do understand for those who live in the LA area either for jobs or by choice, the city has a lot to offer, but it’s just not for us.
In addition, we’ve found it interesting that many of my wife’s friends in the “Hollywood” crowd are moving to the San Diego area. These are insiders who know LA inside and out, and can live anywhere they desire, but prefer the SAN lifestyle.
Like us, they realize all the excitement you may crave is a short car, plane or helicopter ride away, so it’s nice to have the best of both worlds.
flyer
ParticipantWe find San Diego (RSF) gives us the best of all worlds. Compared to certain other cities, some might find it bland and boring, but we never seem to have a dull moment living here, so those perceptions might depend on the lifestyle one creates.
We spend quite a bit of time in LA because of my wife’s connection to the film business, but, even though we’ve considered Malibu, we just feel we wouldn’t gain anything we don’t already have here.
We definitely enjoy visiting other places for extended periods of time and immersing ourselves in the various elements each have to offer, but, we always look forward to coming “home.”
As with all things in life, it all comes down to personal choices, so there really is no right or wrong.
flyer
ParticipantSorry to hear of your losses, FIH, and for the immediate family left behind. That’s the really difficult part.
It’s so true that no matter how much or how little we have in this world, none of us have unlimited time on earth.
As I mentioned in another thread, we’ve always tried to do everything we’ve wanted to do along the way from the time we were young, so we’d never have any regrets–should something unexpected come our way.
Life is short-enjoy it while you can.
flyer
ParticipantFrom what we’ve seen with friends, many parents today are control
freaks–trying to force their kids into careers for which they may not even have an aptitude or any interest–so, of course, it doesn’t work out.We supported and encouraged our kids when it came to their careers–but the choices were theirs–not ours.
flyer
ParticipantBeing driven has it’s place in life, but we’ve always kept it balanced. Imo, being driven to the point of destroying your life, even when there is no financial necessity, points to a far deeper need one is trying to fulfill.
We never wanted to be the kind of people you hear about who worked themselves to death making a fortune and never had the time to enjoy it.
Life is short, and none of us really know how much time we’ll have on earth, so, imo, it’s best to make the most of life along the way.
flyer
ParticipantWe visit family in the Bay Area often, and the “new norm” is astounding, but, since they’ve all been there for years, they don’t find it a problem.
Some have retired near us in RSF, Del Mar or LJ, because they prefer our weather, beaches and lifestyle, and found our prices to be a bargain by comparison.
May 31, 2015 at 12:21 AM in reply to: Still can’t decide how to rent my first investment property #786848flyer
ParticipantSome of our family live in Sunset Cliffs and Point Loma, and have had rentals in those areas as well as OB for years.
If you choose the vacation rental route, you’ll probably do very well. That said, most in the family (including myself) prefer leasing to long-term tenants so we don’t have the ongoing demands and issues short-term rentals require, and things are pretty much functional on autopilot.
You could always try short-term for a summer, and see how it goes, then revert to long-term in the future, if you find you don’t care for it. Just my opinions, and not intended as advice.
BTW, congrats on your purchase. As we all know, beach rentals can be “gold.”
flyer
ParticipantInteresting info, ut.
It’s clear that (for whatever reasons) things are changing with regard to the labor force, when, over the past several years, fewer and fewer college grads have been getting the jobs they actually want, and, the fact that the BLS is predicting that only 27% of jobs going forward will actually require a college degree may continue to make the future quite uncertain.
Our kids are grown and working in their chosen fields, but, if we had younger kids today, I’d definitely consider factoring these predictions into the education equation.
flyer
ParticipantOf course, none of us will “know” until after the fact, but it’s interesting to note that the BLS is making this prediction based upon their stats.
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