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gzz
ParticipantIs the top of point loma underperforming NCC?
New construction from 2017 only priced 24.4% over 2017 price.
https://www.sdlookup.com/MLS-210009287-4410-Adair-St-San-Diego-CA-92107
https://www.zillow.com/homedetails/4410-Adair-St-San-Diego-CA-92107/17060935_zpid/?
Really nice interior and exterior both. Only negative is the ugly animal skin rug and the tiny vanity mirrors that lack storage.
ParticipantMy first post in 2012 was telling people to not worry about interest rates going up.
https://www.piggington.com/dear_people_considered_about_rising_rates
This is even more true now than nine years ago:
“It is very simple: there are more people who want to save than there are credit-worthy people who want to borrow. ”
ParticipantAround my area there was a double bottom, the first came at the bottom of the initial crash, then a wave of giant state and federal incentives to buy pumped the market up a bit, then the final fall and very bottom happened in late 2011.
Looks like the peak of the false start/bear market rally was around mid-2010, which you can see in Rich’s long term charts.
The 2009-10 stimmy as I recall was larger for new buyers getting lower end properties, so it might have passed NCC by completely.
ParticipantUS real estate is and will remain a safer and better yielding investment than local currency bonds for investors in other developed countries.
It does make more sense to do it on a retail level, not by huge funds with higher costs and who don’t get the retail buyer bonus of having a US home base, address, and emergency crash pad.
ParticipantI agree with SDR and Flu’s comments.
Easy to do a rough calculation on the value of Prop 13. Let’s say it is at 150k but is worth 1m. 850k x 1.1% = $9,350/year. At 4% discount rate that means the lost Prop 13 value of selling is $233,750.
That’s quite a large loss.
But from your post I kind of see a situation where the poorest of the siblings just moves in and never pays rent. Will the other two evict them? Fight it out in court?
Another source of conflict is one sibling will likely end up doing most or all of the landlord work without getting extra from the rent.
April 12, 2021 at 12:40 PM in reply to: Lifestyles of the Rich and (Entitled) Tenant Prospects #821064Participant“shouldn’t you just undercut the agency and lease bedrooms directly at $1500/mo?”
No free lunches in the real estate market.
ParticipantI went with this $221 mattress. Will it support my massive 60M net girth? Wish me luck.
It is not a fun shopping experience.
Every single best selling mattress on Amazon is highly rated overall but has a few “It stinks and is lumpy and broke my back” reviews.
How to choose?
April 8, 2021 at 11:45 AM in reply to: Lifestyles of the Rich and (Entitled) Tenant Prospects #821041Participant>I was like WTF?
Good rule for life: never hurts to ask.
April 8, 2021 at 11:43 AM in reply to: Lifestyles of the Rich and (Entitled) Tenant Prospects #821039ParticipantAs a land lord Im open to a high’er monthly rate. Cant modify the gar’age… but I have a very large tarp that could cover the very large gym equip ment.
Participant“bulletproof mattress”
Well when my net worth broke 50m I invested in a panic room. You can blast it with a shotgun and I won’t even hear it when I am inside.
Make sure you get a bathroom in your panic room. It becomes a nice quiet place to play on your phone away from the bustle elsewhere in the house.
Participantsvelte maybe you shouldn’t get a memory foam if your current one is 10 years old.
mine I just checked from my amazon history is only 4.5 years old and needs replaced soon. it will still be a backup in storage in case I get a lot of house guests.
I simply like memory foam better. It is cozy and you can get in and out of bed without jostling your bedmate(s).
8 inch is too thin. between 10 and 12 inch it becomes a question of looks, they don’t feel different. the 12 inch looks a little nicer and you may prefer to be a little higher up.
I really like this model of bedframe with my foamies. Cheap, easy to assemble and move around, and lots of under bed storage room since it is 14 inches high.
Participant25% price increases not enough to get people to sell!
I posted this here in May and July 2019, pretty good calls in retrospect:
“I believe in 6 months the market will be about 4% higher. So your $1.2m house will be $48k more expensive…. I’d say buy ASAP.”
“A lot of wealth will be generated and saved in 2019. Where will it head, to the stagnant economies with negative yields of Japan/EU? The politically unstable developing world, which lacks strong property rights?
Or the USA, booming, strong yields, stable currency, strongest investor protections, very low taxes on investments/wealth?
A perfectly plausible scenario: yield convergence sends 30-year mortgages below 3%, prices rise sharply, a new bubble forms.”
ParticipantThe $300 foam mattresses on Amazon seem to be as comfortable as the $2500 temperpedic ones they used to have on display at the mall.
After 15 years of sleeping on cheap foam mattresses, I am a permanent convert and have them in all bedrooms.
I am about to buy a new one, the old $300 amazon mattress is getting a little worn down and sweat stained. The nice thing about the $300 one is that you don’t have to feel so bad about tossing it when there’s a pet accident on it.
Participantmy life partner is a Vegan Van Life instagramm-thinkfluencer. Google it.
I’m glad my driveway has “RV Parking” like all the home listings say.
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