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gzz
ParticipantHave your current lawyer ask the judge to order mediation before anything else happens in the case. I have had cases with courts ordering mediation 3 different times.
The top private mediators I suggested with cost at least 5k, but are worth it.
There are volunteer mediators who work for free as part of a court program, they will also help.
ParticipantHoa includes pool, hottub, gym, doorman, water for units, utilities taxes insurance on common areas.
Doesn’t ever really get below $500, so your extra $200 is for the common amenities and doorman. The lobby is also big and free of trespassing, and packages get delivered and you pick them up downstairs.
Condo complexes seem to get gauged by building contractors. Replacing wood trim, painting common rooms etc.
ParticipantI am real estate attorney. I think you need a mediator. Your dispute is too small to fight out.
The likely result of litigation will be you both lose, and the fight is who loses the most.
I would not take your case for this reason.
For mediation, try JudicateWest. Prager and Pressman are retired SD trial judges and good choices. i have used Prager before.
ParticipantScaredy, i lived in the Discovery Cortez Hill building and loved it.
Some positive points: easy access to the 163, quiet area with minimal vagrants, large rooftop pool (for a condo tower), traditional doorman, hill location means good views on the lower floors.
Main downside is that Cortez Hill is almost all residential and walking to downtown itself is a non-flat mile long walk.
My patio was about 20×30 feet!
No reason you have to buy now. Get a 2-3 month airbnb here in ocean beach and see if you like it better. In many ways we are more walkable: short blocks, slow moving traffic, businesses spread out more. Hillcrest and PB are similar. As I recall, Hillcrest is the most dem neighborhood in San Diego, about 92-8 Hillary over Trump.
ParticipantSo less than a 0.5 month supply!
Inventory still plumbing new lows in my zip code. Current non-pending MLS is 9 houses 1 condo.
Exactly 10 years ago it was 49 houses and 56 condos.
That’s more extreme than most zips, but Mira Mesa and Kensington also has an inventory decline of more than 90% v 10 years ago.
ParticipantMy master has a full wall of recessed closet with shelving and rods with no door. I think it makes the room look bigger and avoids the hassle of sliding a door open and close.
The house came that way and now I like it. There are tracks for a sliding door, but I won’t ever add one.
In my rental condo, I replaced a sliding door with a mirror sliding door and like it a lot.
I also put in a long shelf one foot below the ceiling. My old dorm had this and I loved how it let the room be cleaned easily by moving clutter overhead, and taking up no floor space.
Something like this:
https://i.pinimg.com/originals/6d/f5/18/6df518d47da3cee7fd7285fed497125c.jpg
ParticipantI started the year brilliantly, getting out of stocks before the covid crash, and then bargain hunting during the March lows. I also shorted shopping mall REITs before the covid crash that they still never recovered from.
After that, my worst stretch in at least 10 years, primarily from shorting Tesla and MoneyGram, which more than doubled, and shifting my longs to defensive high divided stocks that gained 10% while the rest of the market gained 30+.
I also purchased about $1,500 worth of SPY puts over the year and they expired worthless.
The point of this bearishness wasn’t that I was pessimistic, but that my real estate portfolio meant my real estate net long position was about 120% of my net worth. I felt I needed some hedges since I just don’t want to sell the RE now.
I look at tech valuations, especially business software, and they are just astounding. The companies lose money by the billions, are in competitive low barrier industries, and often are not even growing that much. P/S over 50? Sure why not.
Peloton, worth 44 billion with two unprofitable products, buying Precor, which makes the best exercise equipment in the world, for 1% of the Peloton market cap, shows how dysfunctional tech valuations are.
However, I just don’t think here’s anything to pop the bubble in the short to medium term, so might as well ride the wave.
December 1, 2020 at 5:51 PM in reply to: 5 to 10% one-day increase in your real estate value #820292ParticipantNovember was a multi decade low in 92107-ocean beach inventory. December it got lower.
When I first purchased here in 2011, I had about 80 houses and 50 condos to choose from in inventory.
In the white hot market of 2013-2015, my zip typically had about 32 houses and 15 condos for sale.
Now, 11 houses, 0 condos.
ParticipantNo sign of inventory uptick in 92107. MLS is 2 condos and 13 houses now. Oct 4 it was 13 and 21. So inventory decreased from an already low level by 56% in 6 weeks.
92109 also with a large inventory loss the past month, not quite as extreme, 124 to 95.
November 13, 2020 at 11:10 AM in reply to: 5 to 10% one-day increase in your real estate value #820255ParticipantRapid inventory collapse is consistent with my sudden covid RE price boost theory.
92107: 0.44 month condo inventory, 0.76 single family house inventory
I didn’t run 92109, but active SFH and condo listings are also setting new 2020 lows, and likely multi decade lows.
November 11, 2020 at 5:51 PM in reply to: 5 to 10% one-day increase in your real estate value #820240ParticipantI read the WBA annual report and it looks like it is in pretty good shape and very cheap.
They have constant “one time” expenses, but even including them, they are making about $5 billion a year in after tax profit. And maybe they will have a year without major “one time” expenses and make more like $7 billion in GAAP profits. Debt is also fairly small and going down each quarter.
They are managing to prune store count while increasing sales and cutting admin costs. Offsetting this is gradually declining margins.
Their biggest competitor is CVS of course. The other one is Rite Aid. They wanted to buy Rite Aid, that fell through, (so did Albertson’s attempt to buy Rite Aid.) Instead WBA purchased 2000 of their locations, leaving 2500 remaining Rite Aids. Rite Aid is doing badly and will probably go bankrupt at the next national recession.
Ultimately healthcare is going to only grow, and I think chain pharmacies are doing a good job evolving. It isn’t a great business, but the earnings are amazing compared to the price and I think will be roughly stable long term with the higher sales/thinner margins trend continuing.
November 10, 2020 at 9:39 AM in reply to: 5 to 10% one-day increase in your real estate value #820223ParticipantA bunch of my laggards are also soaring today and/or yesterday.
I am a glutton for value-stock blue chips fallen on hard times: Orange SA, WalgreensBoots, Deutsche Bank, Thai ETF, Mexico ETF, Verizon and ATT, Intel, Hanes, Wells Fargo, KraftHeinz.
Whatta bunch of losers! One day there’ll be be a value stock rotation, and the 4%+ dividends are better than the bank.
Participant1. It isn’t hard to serve a random upper-middle American unless they are on some survivalist compound or far outside of even a small city. Process servers cost $40-150, with $70 about average. They are one of the few things that are cheaper in big cities. I won’t pay more than $50 in LA/SF, but Iowa or something $100 would be fine. You get back the cost of service when you win the case because it is a “taxable cost.”
2. Signing a contract relating to an Arizona rental is consenting to Arizona’s courts if there’s a dispute. If they are aware you’re in California, there’s a case you can just do it in San Diego small claims court, but it would be safer if you want to do that to explicitly put “guarantor consents to the jurisdiction of both California and Arizona courts” into the contract. The California court though can’t evict anyone, but can award you a judgment.
3. Good credit history is a good overall sign. For additional security, require the first and last month be paid in advance, in addition to the regular security deposit.
ParticipantI used Sebonic via Zillow for my 2017 purchase and they were great.
A few days ago Zillow took me to Semper Mortgage as the lowest 30 year. Not good so far, I did the initial online application last week, no contact at all since, no response to my e-mail to the assigned agent.
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