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flyer
ParticipantRegardless of who is “right” or “wrong” IMO, one of the true tests of our country’s economic/financial policies of late, will be how well future generations (our kids and grandchildren, etc.) fare.
I realize most of us on this board are in a position to try to make sure our kids achieve their dreams with regard to careers, housing, financial security etc., etc., as most of us have, but, the stats indicate only a very small percentage of the population is in a position to do so. Not a pretty picture on the macro level.
September 13, 2013 at 6:20 PM in reply to: My experience getting a dedicated EV TOU 2 electric meter with SDGE #765490Participant[quote=spdrun]
I’d much rather see those dollars going to American investors vs. foreign
If the dollars are going to ME, then I care. Otherwise, I really don’t care who gets them, American or foreign. In fact my city is least 40% foreign-born, and I find the non-Americans and 1st-generationers generally more pleasant than people from long-term American families.[/quote]
So we differ on our opinions, sp. Not a problem. I’m happy with what I’m doing–especially when the dollars are going to me, and other American investors (who might very well have been foreign-born.) I just like to see the big money stay in the USA, whenever possible.
That’s one of the great things about our country–although we may all have different opinions–we also have the opportunity to make our own choices based upon those opinions.
September 13, 2013 at 3:22 PM in reply to: My experience getting a dedicated EV TOU 2 electric meter with SDGE #765485Participant[quote=spdrun]
At the same time, American made films are making billions of dollars in many foreign
countries–blasting domestic box office receipts out of the water.That’s sad in a way — I’d rather not have the rest of the world become more poisoned with Dumberican unculture than is has already been.
Electric cars: great.
Spreading American poison: no fucking thanks.[/quote]Understand how you might feel that way about some of the films out there, sp. That’s one of the reasons we started investing in them. We really have to believe in a project and the message it is sending–before we get involved.
IMO, films are not going away, and someone or some entity is making millions, if not billions in investment revenue–every year. I’d much rather see those dollars going to American investors vs. foreign–which is another reason we got involved. Plus, we’re having a great time with it!
September 12, 2013 at 10:27 PM in reply to: My experience getting a dedicated EV TOU 2 electric meter with SDGE #765456Participant[quote=earlyretirement][quote=flyer]Great thread, and very interesting.
We’ve noticed the Tesla’s are also very popular among the film biz people. Since we invest in many projects, and my wife works in the industry, we’re on set often, and have noticed many key players driving them.
As others have mentioned, it should be interesting to see how things develop in the future.[/quote]
Hey flyer! Thanks.
Yeah, they are popular in Hollywood. Also, in the Bay area amongst high tech executives they are VERY popular. About 7 of my friends in the Bay area have just recently taken possession of one here or will in the next few weeks. And I’m sure several more will be ordering in the next few weeks.
It’s totally cool to see something so amazing made right here in the good ole USA and in California no less. This is why I tell people that say silly things like “The USA’s best days are behind it” are totally WRONG.
Our BEST days are ahead of us. This kind of technology makes me really proud to be American and totally excited to see what else comes in the future. When I think of what kind of cars some of us with young kids will be driving it boggles my mind.
Probably by then they will have self driving cars all on electricity that go 800 miles a charge. Exciting, exciting stuff![/quote]
Agree, ER.
It is great to see these innovations developing in the US–and I hope we see more.
At the same time, American made films are making billions of dollars in many foreign
countries–blasting domestic box office receipts out of the water.Exciting, and lucrative times, indeed!
September 12, 2013 at 4:11 PM in reply to: My experience getting a dedicated EV TOU 2 electric meter with SDGE #765436ParticipantGreat thread, and very interesting.
We’ve noticed the Tesla’s are also very popular among the film biz people. Since we invest in many projects, and my wife works in the industry, we’re on set often, and have noticed many key players driving them.
As others have mentioned, it should be interesting to see how things develop in the future.
Participant[quote=paramount][quote=flyer]
Our family has been around San Diego for about 100 years…[/quote]
My family has been around “San Diego” for about 10,000 years.[/quote]
Fantastic, paramount–you are very blessed!
ParticipantFlyer, it’s true that much of the wealth you see in property today (at least in SAN) was created by the foresight of previous generations. That’s why we’ve tried to keep most all of our properties over the years.
Our family has been around San Diego for about 100 years, and I could tell you great stories about the players in this city who were involved in everything from raw land deals to residential and commercial development. It’s really fascinating.
Long stories short–many kept their fortunes, some did not, but it has been very interesting to watch the evolution.
Participant[quote=bearishgurl][quote=flyer]Agree that there are many “horror stories” out there concerning being a LL, but, we’ve just never had any really bad experiences over the years. Our kids want to take over when they “retire” from their current professions and move back to San Diego, and tell us they’re looking forward to it.
Also, many in our family pass our homes down, rather than renting them out, because we know our heirs may not be able to replace them in their lifetimes, and we want to keep them in the family for future generations to enjoy.
As in all things in life, what works for one person, does not necessarily work for another, so everyone simply has to decide what path is best for them.[/quote]
flyer, it sounds like you had/have enough “interested parties” in your family to both reside in and manage the properties you all decided to keep. I agree that it is foolish for an estate to sell a property situated on a very valuable piece of land in CA when its taxes are extremely low and will remain so as long as the property remains in the family, especially those which would be difficult to acquire today, such as ocean-view properties and properties situated on acreage.
I wish my parents had stayed in CA and kept their $17K bay area house and expanded from there. They had the ability to do so many decades ago but my dad chose to accept what he thought was a “better” job in Denver, CO. I ended up moving back here as a young adult after which time my parents divorced. They each subsequently remarried and neither ever moved back to CA. Both of my parents and their second spouses are all gone now.
As you can surmise, my family “support-system” is dwindling unless I choose to move to a “flyover state” where I have a brother and dozens of aunts, uncles and cousins still alive. Having lived in CA for nearly 50 yrs, that locale (where my parents are from) is still unpalatable to me for retirement purposes but things could change in that regard depending on what happens in the next couple of years.
It is the very prudent children of long-established Californians, like yourselves, who will have the most security in this state going forward, IMHO.
Although it is probably too large for me, I could stay in my home indefinitely and would be in good company since the vast majority of the homeowners in my area are boomers and seniors. But I have itchy feet and want to see what’s out there before I make a decision on the matter. In order to do that, I need to “empty my nest” first :=0
Folks, a word of advice. If any of you Gen X/Y’s out there are putting off having children until age 35, 40 or beyond or waiting to have another child or a last child, I would recommend you to do it earlier, rather than later. What exactly are you “waiting” for?
Because when you’re pushing 60, you’re not going to want to play “soccer mom/dad” or HS games anymore. You’re not going to want to go to your kid’s school’s “open-house” where you are 15-25 yrs older than most of the parents (but the same age as the teachers who are nearing retirement, lol). You’re going to instead want to move on with your life. Trust me on this :=0[/quote]
Thanks for sharing your thoughts, BG.
Nothing in life is a “one size fits all.” There are many variables that make up the sum total of our lives. As you mentioned, we’ve all had different life experiences, and have made the best of life as it has come our way.
I’m glad to hear that you have a plan, and I have no doubt you will find exactly what you are looking for when the nest is empty–whether that involves moving or staying.
Everyone will get old, and the stats reveal that many people will never even make it to 50+,(and remain healthy, etc.) let alone have the resources to enjoy the balance of their lives, so, IMO, those of us in that category should be very grateful to have beat those very formidable odds.
ParticipantAgree that there are many “horror stories” out there concerning being a LL, but, we’ve just never had any really bad experiences over the years. Our kids want to take over when they “retire” from their current professions and move back to San Diego, and tell us they’re looking forward to it.
Also, many in our family pass our homes down, rather than renting them out, because we know our heirs may not be able to replace them in their lifetimes, and we want to keep them in the family for future generations to enjoy.
As in all things in life, what works for one person, does not necessarily work for another, so everyone simply has to decide what path is best for them.
ParticipantInteresting thread on these issues.
As far as being a LL, it can be a pain at times, but, since we bought most of our properties many years ago, in what we considered profitable locations, we’ve found it’s been well worth the effort. But, as some have said, it’s not for everyone.
My sister and her husband sold all of their residential properties because she couldn’t stand it, and went into commercial years ago.
As a native San Diegan, I’ve seen families (ours included) who have both sold the homes of relatives who have passed on, and many more who have kept them. In most cases, the ultimate deciding factor was the location of the home.
In cases where the home had been purchased at an extremely reasonable price, had an ocean view, acreage, etc. etc., most have been retained by family members, and I think that trend will continue over time. At least that’s what I’ve seen.
ParticipantWhether an extreme, moderate, lite, or no “doomsday” scenario prevails, it’s always wise to have huge reserves so you can react as necessary.
We’ve been investing in films for quite awhile, and my wife, who works in the entertainment industry, (film exec) informs me that we will see more and more films, TV shows, books, games, etc., in this genre going forward.
Because no one really knows how things will go in the future, the doomsday premise, in it’s many variations, is pure gold for Hollywood, and generates millions if not billions of dollars in revenue in the US and abroad–so, I guess you could say there is a silver lining to our cloudy future.
ParticipantAnother possible reason for the demand in the Del Sur area vs. purchasing homes on larger lots further east, is that some buyers (like some of our friends who purchased homes in CV in the last few years)prefer to live west of I-15.
At least this was one of the reasons they mentioned, and I’ve heard this from others as well. We’ve always lived west of I-15, but, again, that’s just personal preference, and, perhaps, that’s how the buyers at Del Sur feel. Just another possibility, as to why the demand is so high in the area.
ParticipantDon’t worry scaredy, I’m in my 50’s and have grown children who have gone through many phases, but, with our guidance, they realized what they needed to do in order to achieve their dreams in life.
It’s sad to watch the “entitlement mentality” backfiring on many young people, because, in many ways it isn’t their fault that they can’t get great jobs or buy homes, etc., etc., (a long societal dissertation would be necessary to describe the “why,”) but the essence of it is that the game has changed, and they will learn that they either have to deal with life, or life will pass them by.
As your wife said, being understanding and patient is probably the best thing you can do for them and for yourself, even though it may or may not change their ultimate destiny.
Participant[quote=6packscaredy]so wait–if life were long, we shouldn’t enjoy ourselves? I’m not sure I get why the length of life matters, particularly if it’s short. seems like if it were longer, you’d definitely want to enjoy it, or at least not suffer, since you’d be suffering more over a longer period of time. I guess if life were a lot longer, you could not enjoy a substantial chunk, but still get as much pleasure as you would have with the shorter life or perhaps even more pleasure. For instance, if life were 160 years, you could have 90 crap years, and 70 good ones, and still come out ahead over a guy who lived to be 70 and had a better percentage of 60 good years and 10 crap ones–but less overall happy yeas–60 less happy years!.
life is long; enjoy yourself?
life is one lifespan. enjoy yourself.
i think really the main goal is not to enjoy one’s self, but to avoid suffering.[/quote]
Always find your posts interesting scaredy, and I have to admit you have made some excellent points.
In light of your influence broadening my perspective, and in order to capture the true essence and spirit of this thread, I realize I probably should have said –“Only enjoy the enjoyable parts of your life, and don’t enjoy the unenjoyable parts of your life, wherever you enjoyably or unenjoyably choose to live for whatever enjoyable or unenjoyable period of time you choose to live there.”
And “no” I didn’t copy this astoundingly sage advice from one of Tony Robbin’s books–just in case you were wondering:)
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