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(former)FormerSanDiegan
ParticipantGrab your surfboard dudes, the tsunami is coming…
WoooHooo !!!!!/end snark
January 24, 2013 at 4:40 PM in reply to: Over 21% of homeowners in SD County have paid off houses #758512ParticipantBG – I agree that for the most part pensions were earned. That was part of the deal, part of the compensation. That’s what people signed up for when they got their job shuffling boxes of papers while they stared at their bosses’ face and spun a dial on a telephone with an eraser.
January 24, 2013 at 4:34 PM in reply to: Over 21% of homeowners in SD County have paid off houses #758510Participant[quote=bearishgurl]
FSD, would you rather be coming and going from the office as you please (to finish some tasks at home) or work 1-2 full days per week from home while the laundry is going and your toddler and preschooler are sitting on a blanket watching TV (for “free”) and subsequently “bothered” by your smartphone 12 hrs per day, OR:dress up, commute EVERY day, five days per week, arrive 20-25 mins early so you can pay to park (must have correct change/no monthly pkg avail), walk seven blocks to the office, check in with supervisor immediately and do “face time” all day until the “bell” rings at 5:00 pm and then walk (uphill) in a dress/skirt back up to your “cheaper lot” in the dusk/dark where you find a homeless person who has spread his sleeping bag next to your right-front wheel and as you approach your vehicle you discover he is urinating on your tire.
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I’m pretty sure I wouldn’t do the job that requires walking the streets in the dark/dusk wearing a dress.
(Was that uphill both ways in 10 feet of snow ?)
January 24, 2013 at 12:03 PM in reply to: Over 21% of homeowners in SD County have paid off houses #758461Participant[quote=earlyretirement]
Fast forward to today’s working environment and for many of us, we are on call 24/7 as someone else mentioned. Back then they didn’t have Blackberries/Iphones/Smartphones where a client might get annoyed if you don’t answer within a few minutes. There was no Internet where things are instantly available. Things took much longer and it wasn’t instant like it is now. The efficiency just wasn’t there which meant they had more down time.
When we go on vacation, we still are working (at least I am). Plus the world is much different now and things are much more global. I have multiple offices in different countries across different time zones. Also, I have clients in almost every continent so I’m available when THEY are available. These types of things, most boomers didn’t have to deal with in their everyday working environments. Today’s generation it’s not uncommon to deal with clients/superiors in different countries.
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Couldn’t have said it better myself.
January 24, 2013 at 11:53 AM in reply to: Over 21% of homeowners in SD County have paid off houses #758460Participant[quote=bearishgurl]
I never stated that salaried workers were “lazy.”
I stated that today’s workers have superior working conditions to those workers of decades past, both physically (due to technology) and superior work-life balance (due to worker-friendly laws passed in the last 20 years).
The vast majority of workers in the United States (including 85-90% of all government workers) are “hourly workers.” That is why we have the FLSA.
http://www.dol.gov/dol/cfr/Title_29/Chapter_V.htm
FSD, if you and your colleagues choose to be salaried or “salaried” is customary for your profession, far be it from me to judge that. But just know that you went into your “salaried profession” or “company who only pays on salary” with your eyes wide open.[/quote]
I was paraphrasing “lazy” wrt comments about sitting on their asses.
I have to completely disagree with you regarding work-life balance. Your comment may be true in the government or hourly sector as you’ve defined it.
But in the world I live in, there is no real way to have work life balance because the technologies and expectations have blurred the distinction between work and life. They are no longer on opposite ends of some fulcrum that labor laws move to the left or right to balance.
ParticipantIf squat300 leaves I hope that scaredy returns.
January 24, 2013 at 10:20 AM in reply to: Over 21% of homeowners in SD County have paid off houses #758437Participant[quote=bearishgurl]
Well, actually I DO have a clue what people do today to earn their pay as I am in/out of professional offices frequently. And at times I have stayed there to perform services I wasn’t able to perform at home.
An “hourly worker” isn’t tethered to their employer after their shift is up. That is against the law (in the absence of an employer paid standby or “on-call” allowance as well as a cell phone subsidy). I think you are confusing my position with a salaried worker. I was actually hourly, as were the vast majority of positions in my organization.
FormerSanDiegan, do you and your “Boomer colleagues” have pensions? If so, are they “defined benefit” pensions or does your employer match the funds you save in them?[/quote]
At my current and previous company there was no such thing as a defined benefit pension. They were defined contribution plans. Even my two recently retired colleagues who are not technically Boomers (they are older than that – “Greatest Generation” or whatever). No pension there either. Series of small companies/ start-ups and defined contribution plans for those guys.
Anyway, I guess I don’t interact with “hourly workers” those don’t really exist in engineering. I did work construction through college though.
Anyway, I can’t really relate to you and your universe with defined benefit plans and hourly worker drones who don;t think about work after 5:00.
So, I have nothing to say about them or their pensions, but just wanted to defend those folks who work in the more modern salaried environment that you were pointing out as lazy.You and I simply live in orthogonal universes on this particular subject.
January 23, 2013 at 1:09 PM in reply to: Over 21% of homeowners in SD County have paid off houses #758357ParticipantBG – “These workers really have no idea what most boomers did all day to earn their pay. Not a clue.”
You really have no clue what people do today to earn their pay.
Today’s worker does not have the luxury of leaving at 5:00 without being electronically tethered to Email/work 24/7; customers/bosses/co-workers expecting immediate responses at 11 pm. Keeping up with the latest technologies and evolving our skills at a much faster rate than 20 years ago.
It’s a different world today. The challenges are different. Sure, we have Starbucks now. SO what ?
BTW, I am on the boundary between Gen-X/boomer and work in technology and I I don’t think your arrogant point of view is shared by those Boomer colleagues of mine who still happen to be in the workforce at 60+.
ParticipantNot directly, but I tried to take advantage by focusing on stock/ETF investments that I thought would pan out but take less effort. Some of these, like HD worked out pretty well. Others, like REZ, not great but not bad.
Wish I could have bought another property, but at least I have kept the two houses we currently own … but my excuse last year was employment uncertainty and a significant chunk of my life was tied up in a buy-out/merger.
Participant… just checking in a year later… With Rich’s latest report showing median PPSF up 12-18% I’m feeling pretty good about this call.
January 22, 2013 at 12:10 PM in reply to: What do people think about berkshire hathaway as an investment… #758231ParticipantI bought BRK.B in early 2010 as a value play.
This January I went through a rebalancing exercise and decided not to reduce my current stake, I think its a decent hold right now … not a screaming Buy.
But what do I know.
ParticipantDo you live in the same city as you plan to develop ?
If you live in So Cal and are doing ti remotely, forget it.
The only thing remotely close to this that we’ve done is to do a full-scale renovation (and doubling the size) of a single-family home within 5 minutes of where we were living at the time.
Even though I hired a general contractor, at some point I was making ~daily visits to the site. In some cases I found things that were wrong (e.g. – framing of windows in the wrong place). IN other cases I went to see the impact of some things we uncovered along the way (e.g. the need to re-do the one bathroom we intended to keep due to dry rot and water damage) or simply review adjustments that the contractor had to make.Participant… also, these may be zoned commercial. who knows ?
Anyway, not much potential for new coastal development.Participant[quote=jpinpb]Well, I had the thought there’s not much buildable land along the coast, but just driving back from Carlsbad along the 5 south there is a LOT of mowed down, graded land. I mean a LOT. Not sure what’s getting built, but surprisingly, there’s still land that’s available to be built. I want to say it’s the Leucadia area, west of 5 where I saw the graded land. In that vicinty thereabouts.[/quote]
If you look at google maps there are two reasonable areas west of the I-5 between Carlsbad and Del Mar. One of these looks to be directly adjacent to a water treatment plant, just south of Palomar airport road.
The other, larger area is just south of Santa Fe Drive. I estimate that at the same density as the surrounding neighborhood, this area could include 80-100 SFHs. If it’s made more dense, like most modern places, maybe 200 SFHs.
So, at best that’s 100-200 homes developed over say 2-3 years.
That’s not a lot. Consider that North San Diego County had 54 listings added for sale in just the first 5 days of 2013 per http://www.bubbleinfo.com -
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