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flyer
ParticipantI’m not an MD, but I always thought 120/80 was considered optimal. Even my FAA First Class Medical has higher limits than that for BP. (I’m 6’3″, around 194lbs.)
Participant[quote=FlyerInHi]to be fair, back in 2009-2011, a lot of people though that we bailouts and QE, the economy would crash to a lower bottom. Some people still argue that the reckoning for our financial sins will see the economy sink to a depth heretofore never seen.
There’s a huge difference between investing for returns and buying a house to live.
BG, you’re off the mark. You let your likes dictate your opinions. I’d be surprised if your kids in SF haven’t said that you’re old fashioned.
The guy and his wife who died in the plane crash a few days ago, were real estate developers in Rochester, NY. They began finding opportunities there in 1970s when people were abandoning the rust belt city.
To make money in real estate, you have to anticipate the trends. If your lifestyle corresponds to the trends, then all the better; if not, real estate investing will be more work for you.[/quote]
As others have mentioned–that’s so true. Back in the 90’s we bought investment properties in Carmel Valley and other so called “unlikely” places, at the time–never really imagining to what extent things would eventually take off.
In the past few years, we’ve been doing the same with film investments. Lots of people told us we were crazy to get involved, but, so far, we’ve had more wins than losses.
Lots of times you really don’t know how much you will lose or gain going in, but, if you choose to roll the dice, “educated guesses” can pay off.
Participant“To each his own.” A calque of Latin suum cuique, short for suum cuique pulchrum est (“to each his own is beautiful”).
ParticipantWe know quite a few people who are waiting for the next real estate “crash.” We’re pretty much at our max with real estate investments, but there are still lots of individuals who are in prime financial positions and poised to take advantage of another event like this–not the ones who need it most.
IMO, sadly, the ones who would benefit most from a crash or downturn may be the ones who are hurt most by the “side effects” (job losses, etc.) of another downturn–as they have been in the past.
Hoping for a “normalized” market without catastrophic events from which to create it, might produce a better standard of living for more people, but, since we’ve never trod these particular economic waters before, it’s hard to say exactly how it would/will all play out.
Participant[quote=FlyerInHi]Connections are good for the average joe, of average intelligence.
Some kids are extremely intelligent. They may not have the social skills to make it in the “real” world. So good schools are essential for those smart kids to achieve their potential.
We want smart kids who will become thinkers and scientists to succeed. That’s how we accelerate innovation and progress.[/quote]
That might be true in some cases, but our kids, and others we know are extremely intelligent (our daughter graduated from Stanford Med) and “connections” have still made a huge difference for all of them.
IMO, as long as your kids achieve what they set out to do–regardless of whether they want to be a scientist, an attorney, a teacher, a doctor, a pro athlete, an engineer, a pilot, an actor, a writer or anything else–as long as they are successful in their chosen field–that’s what really matters.
Participant[quote=bearishgurl]I totally agree with flyer that success in life post college (after obtaining a degree) is where the rubber meets the road.
So far, I haven’t had any “boomerang” kid(s) on my doorstep needing a place to live due to being too busy “making bank” in the Silicon Valley. You are entirely correct, flyer, that “connections” are ultimately what gets a recent college graduate’s foot in the door … it doesn’t matter WHO made the “connection” … only that it was made. After that, it is all on them so “work ethic” also matters. No hiring mgr in the “real world” is going to give one whit about where their job applicants attended elem school, middle school or even HS.
My last kid is leaving for college next month and I don’t expect them to ever return to SD County to live, either, when so much better opportunities exist elsewhere in the state.[/quote]
I’m glad to hear all of your kids are doing so well, BG. You should be very proud.
Participant[quote=flu][quote=flyer]Oh, I agree with all of that flu.
Personlly, I believe connections are extremely important in life. In fact, that’s exactly how my kids got into their chosen careers. Regardless of education, none of them would be where they are (doing what they love) without them.
I was simply responding to the commonly held belief that going to a particular school in a partcular district holds the magical key to a perfect destiny. It may contribute, but it’s definitely not the ultimate determining factor.
edit: I was responding to the deleted post.[/quote]
I was in a bad mood..at work.. wasn’t directed at you…I removed the snarky comment…because well, I’m sick and tired of people telling me to “work smarter”. lol…..There wasn’t many times I wish I was born into a billionaire’s family…Today pushed me closer to that edge…[/quote]
Understand, flu. I honestly didn’t take it that way, and completely understand why you’d want to do everything possible for your kids to give them the best life possible–whatever it takes. I think, as parents, we all feel the same, and are very grateful to have the resources to do so.
ParticipantOh, I agree with all of that flu.
Personlly, I believe connections are extremely important in life. In fact, that’s exactly how my kids got into their chosen careers. Regardless of education, none of them would be where they are (doing what they love) without them.
I was simply responding to the commonly held belief that going to a particular school in a partcular district holds the magical key to a perfect destiny. It may contribute, but it’s definitely not the ultimate determining factor.
edit: I was responding to the deleted post.
ParticipantFrom all of this, I guess as long as each person is happy with their housing and school district choices–all is well.
As we, and most of our friends with college grads have learned, the real proof of educational (along with other contributing factors) success (or lack therof), comes when they start looking for jobs. That’s where the rubber really meets the road. If they get to that point–and achieve what they set out to do–that’s what really matters.
ParticipantI’m sorry to see this has turned into such a negative discussion, but the OP did ask our opinions about living in a particular location. I gave various reasons why I would not live in a particular location (even though my intention was not to offend), and others have given reasons they would.
I think it’s pretty safe to say many of us will never agree on this topic, but at least we’ve given the OP much food for thought. I just hope all of this helps him or her make a good decision, based upon his or her particular needs.
Participant[quote=njtosd][quote=flyer][quote=njtosd]Generally speaking, in San Diego, the motivation to live near a freeway or some other less than desirable element is the opportunity to be in a certain school district. I give people credit for being willing to put up with high prices and road noise for the chance (and not the certainty) that their children will be surrounded by interesting classmates that motivate them to do their best. For example, a kid who just graduated from Canyon Crest Academy in CV won the Intel (formerly Westinghouse), Google and Siemens science competitions (complete with $250,000 in prizes). That school is packed full of kids doing amazing things – and I think a lot of parents would sacrifice their own happiness or comfort to expose their kids to that kind of influence.[/quote]
Here’s an article from last year about the amazing young man from CCA you mentioned. We remember hearing about this great achievement from friends who have kids who attend this school.
Here’s a newer one showing the $250,000 total:
Fantastic! He’s definitely on track to doing great things.
Participant[quote=FlyerInHi][quote=scaredyclassic]Cars leave me cold. But photos of expensive watches get me hot.[/quote]
I used to like cars… but now they leave me cold. In fact, I wish that Google driverless cars could already take us everywhere.
I think I’m getting old. I feel cold at most things these days.
My goal now is to build a real estate portfolio of condos in different cities so that I can live anywhere I wish. But even that leaves me cold.[/quote]
It’s true that most “stuff” can eventually leave one “cold,” when the novelty wears off. That’s our human nature, and why every successful company has an ace marketing department to remind us that we need to buy something new in order to transcend this world and feel better. Some of the car ads are extremely amusing on this level.
As far as cars go–I like cars. Some are fun to drive; most have a utilitarian purpose, etc.–but, for me, they don’t feed my soul like family, friends and other things do–nor would I expect them to.
ParticipantAlthough I’m a Porsche guy, that does look tempting.
Participant[quote=flu][quote=flyer][quote=njtosd]Generally speaking, in San Diego, the motivation to live near a freeway or some other less than desirable element is the opportunity to be in a certain school district. I give people credit for being willing to put up with high prices and road noise for the chance (and not the certainty) that their children will be surrounded by interesting classmates that motivate them to do their best. For example, a kid who just graduated from Canyon Crest Academy in CV won the Intel (formerly Westinghouse), Google and Siemens science competitions (complete with $250,000 in prizes). That school is packed full of kids doing amazing things – and I think a lot of parents would sacrifice their own happiness or comfort to expose their kids to that kind of influence.[/quote]
Here’s an article from last year about the amazing young man from CCA you mentioned. We remember hearing about this great achievement from friends who have kids who attend this school.
CCA is by lottery…[/quote]
That’s what we’ve heard. Still great for the kids who get in.
With only 10% of college grads today actually finding a job in their chosen fields, I’m glad to see any glimmer of hope on the horizon.
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