[fun4vnay2]

I agreee with this limited land which is a fact. Someone told me the same thing 2007 that land is in limited quantity ( sandwiched between ocean and desert ) in highly desirable san diego and hence real estate prices would never go down but keep on increasing.

[fun4vnay2]

Yeah, a lot of people are telling me it’d never return to ‘norm’ in san diego.
Buy now lest you are priced out 4ever.

Wait, I think I heard it sometime/somewhere b4 as well 🙂

Only time would tell

[fun4vnay2]

My condolences.

I WANT to live as long as I am healthy and self sustaining.

Let’s see what’s in the future.

Now a days, we live and accumulate like we are gonna live forever. Sometimes, it is good for us to take a look at bigger picture in life and realize death is a imminent and is sudden.

Mankind has no control over the biggest event in life: time/place of birth and death. But Mankind spends all his life trying to control the small events in his life.

[fun4vnay2]

Would san diego become like Bay Area ?
Unless and until, you are pretty rich or earning big $$, no place for you in SD like Bay Area.

I see jobs are increasing but they are not really high paying http://www.kpbs.org/news/2015/jun/03/san-diego-adding-jobs-are-they-right-jobs/

I am experiencing high paying job flights almost first hand.

[fun4vnay2]

Sad to see a young guy dead who was really smart but not wise enough..

I have friends who are living in million dollar+ homes driving $70K+ cars but don’t have any time.
they work even on weekends.., no time even for exercise..

they have set their priorities this way..

[fun4vnay2]

i think it is a mis-understanding that if minimum pay folks are paid more they’d spend more.

If the minimum pay is increased to 15/hour, I don’t think these folks would open up their pocket…

[fun4vnay2]

One of day job is to price manpower here vs other places.
We usually give 2 reqs for a single req in san diego.
This is for engineering jobs and we have been doing pretty good with this model so far.
India/China is not cheap but good thing about these countries are: They have millions of engineers graduating every year. An young engineer with couple of years exp make an old engineer who is 10+ exp and bloated salary completely obsolete.

What you need is good mid level mgmt to manage and maintain the task/process flow along with clear directions.
Write code or testing is not rocket science and one does not get better with time which can command higher salary

If you are on cutting edge technology, then its even more level playing field between experienced or noob..

[fun4vnay2]

If they want to contain cost, they’d need to reduce their headcount in SD and increase # in low cost places like India/China
They can still keep their chip biz running with few k less engineers in sd.

A simple engineer in SD is no less/more than an engineer in China/India although a lot of folks here may argue against it

[fun4vnay2]

I agree with point #1.
Point#2, qcom has not yet done big lay off in sd so far. They have been doing small lay offs for years

Point#3: This is a wild card. We can be in japan like situation where rates are permanently low

[fun4vnay2]

Major correct would need some major event to unfold it..
don’t see it coming, can think of few though
1) water crisis pushing people out ?
2) qcom lays off few K people in san diego ?
3) fed raises the interest rates in next couple of years ?

[fun4vnay2]

I wish apple watch becomes big hit as I have lots of AAPL shares 🙂

[fun4vnay2]

[quote=spdrun]There are properties in the area that will come close, if not cash flow.

e.g., a 2/1.5 condo went contingent last month at $200k. HOA about $250/mo. Landlord insurance, about $15/mo. Taxes about $200/mo.

Market rent is $1600/mo and it’s in an easy area to rent. That’s close to 7% pro forma. Catch was that there was an existing tenant there at $1300/mo, but if one had some patience, they could do well.[/quote]
Thanks spdrun, If you have any more like this or a good contact, please PM me.

[fun4vnay2]

Good question,
I personally feel my house price have peaked out. It would be insane if it goes up any more but you can never underestimate the power of absurdity.

Not selling as I want to rent it out with good + cash flow and move into another house…

Still evaluating things..
I have chunk of cash and I’d like to leverage it somewhere else other than stock..

Right now, the market is very hot for sellers in the areas I’m looking at.
I have been proven wrong many times n thus trying to hedge my bet…

[fun4vnay2]

I am not looking to upgrade but looking for some investment property. Hence looking at real estate in SD.
I realized I am bit late to the party and current valuations wont give me + cash flow in SD.

[fun4vnay2]

[quote=gzz]I

San Diego has a large number of well-paying jobs, is a favored place for the wealthy to vacation, have second homes, and retire, and has basically run out of nice locations to develop.

I also think it is only a matter of time before mainland Chinese buyers start branching out from their favored UTC-centered buying habits into other areas of San Diego.[/quote]

All the above are facts not fiction.
A lot of people told me the same thing in 2007 when I was exploring real estate in san diego. Per them becaus eof above stated facts, real estate in SD would never go down.

I was not convinced though and finally bought in 2011 🙂

[Author]

Posts