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gzz
ParticipantMy first time there a big pina colada slipped out of my hand and shattered on the floor, and the waitress just giggled a bit and handed a replacement to me (no charge) in under 3 minutes.
Avoid taco tuesday though, you may be waiting 45 minutes in a loud crowd to get your food. They do warn you of this in advance.
ParticipantMore new businesses in OB:
13. One of the antique stores on Newport is being replaced by a fancy wine place and a yoga studio.
14. The long-vacant lot on Sunset Cliffs and Voltaire that nearly became a gas station is getting a pretty office/retail complex that will have Evo vegetarian restaurant as one of the tenants and a fair amount of parking. The 2nd floor will be offices, the first floor retail.
15. The 76 gas station is going from having a crappy old building and a long-vacant repair shop to having a modern convenience store area.
16. A new wine bar opened on Newport Ave about 2 months ago. Looks very nice from walking by, but I have not been there yet.
17. The site of the old OB Water Store, by the Bacon St entrance to Robb Field, seems to be some sort of charter school. Someone told me they also have a program for disabled children. The building was gut-renovated. OB Water Store is now located in the strip mall with Grocery Outlet one mile away in Loma Portal.
18. Some high-end beachfront townhouses finished construction about three months ago after 5+ years of planning and permitting.
http://veerliving.com/ParticipantI saw this happen a while ago, half way through a full gut reno and add-on construction stopped abruptly for 9+ months then restarted and finished.
I don’t know what happened, but would not want to own the house with possible mold issues from being in the elements for so long.
ParticipantI’d buy a cheaper house in El Segundo to keep the commute low. It isn’t cheap but it is a relative value and shorter commute.
Marina del Rey is very pretty but also feels a bit snooty and has very aggressive traffic cops.
ParticipantI stayed at the large Oakwood complex in Falls Church, VA for 10 weeks.
It was a nice 12 minute walk to the Metro, had a big pool, and was pretty nice inside, though the furniture was somewhat worn. There was nothing else within walking distance other than a strip mall 20 minutes away with mostly Vietnamese places.
However, I regretted I was out in the ‘burbs when DC itself is much more interesting and fun.
The price was extremely high. I wasn’t paying, but I really wished my company had just given me a stipend rather than set me up with Oakwood.
ParticipantHi Matt, I just sent you a private message
ParticipantI like it a lot, especially the way the kitchen is huge, very pretty, and opens to the great room.
I’d have kept a third bedroom through, 1.2 mil is a lot to pay for two bedrooms.
I like the mental image of a guy in a wheel chair directing a massive group of contractors to make a vegas palace in scripps ranch.
ParticipantMission Valley and Downtown Increases
The Promenade Rio Vista in Mission Valley
July 2012 v currentPlan 1 1/1
1511 1782 +17.9%Presidio View in Mission Valley
July 2013 v current
Floorplan A1 1/1
1535 1815 +18.2%B1 2/2 2020 2170 +7.4%
B2 2/2 1940 2095 +8.0%
B3 2/2 1935 2105 +8.8%
C1 3/2 2580 2870 +11.2%
Circa 37 at Civita Mission Valley
January 2013 v Current
Plan A 1/1
1680 2025 +20.5%Plan F 3/2
2790 3095 +10.9%AVA Cortez Hill
Dec 2012 v Current
Studio 1355 1455 +7.4%
1/1 1490 1765 +15.4%
2/2 1905 2385 +25.2%ParticipantGables Point Loma
Sept 2011 v current
1/1 Floorplan E
1230 v. 1630 +32.5%2/1 Floorplan A, Building 11
1670 v. 2100 +25.7%ParticipantA quick perusal of Craigslist yields very few one bedrooms offered in Carlsbad for over $1600. Most are below $1500. Where are they getting an average of $1716? Are they only surveying large landlords?
Maybe you are right that $1716 is an overestimate because it avoids random small craigslist landlords.
But it doesn’t matter how they are calculating the average, as long as their method is consistent, then their result of rising rents is correct.
Participant“What a waste. Do you have dandelion too? I eat several bunches per week. I like slightly bitter leafy greens.”
I’d love to eat my weed dandelions, but they are all coated with gross looking white fuzz.
I just checked to see if any of my weeds are mustard, and indeed I have a whole bunch of tumble mustard so I gave some a try.
The taste of the stalk is good, but too intense, like squirting pure mustard into your mouth. The leaves are much better, but are thin and also mostly covered with white fuzz and a few aphids.
I’m just happy I’ve completely eradicated the stinging nettle so other weeds I tend to let loose unless they get really aggressive.
Right now I also have a lot of blooming scarlet pimpernel:
And for the first year, I know have wild-growing Lion’s Tail, which are really attractive:
http://pics.davesgarden.com/pics/2003/12/22/RichSwanner/601949.jpg
May 31, 2015 at 4:25 PM in reply to: Still can’t decide how to rent my first investment property #786878ParticipantI have a friend in the South who always raves about what a professional decorator did with his house. I have no personal or family experience hiring one, everything I know is from watching Designing Women with my parents when I was a little kid.
May 31, 2015 at 12:31 PM in reply to: Still can’t decide how to rent my first investment property #786867ParticipantThanks Flyer and FlyerinHI
Yes I don’t think it hurts to try it out vacation rental, especially because I’ll be closing a week or two before Independence Day and ComicCon.
Cap rate is probably awful, the gross monthly rent will probably be about equal to the mortgage payment, maybe $200 more. The annual rent will be about 6% of the purchase price.
I am buying more because I want to live there eventually when I need a bigger house, and because it is zoned for 4 units on a large-for-OB lot.
When I ran the numbers and included expected expenses, the return on my downpayment, mostly in the form of equity payments each month, will be about 4% the first year.
A W suite sound really aspirational, I will have to overcome my natural cheapskate nature, as my current house is full of curb finds, homemade furniture, craigslist and thrift store furniture. The only W I’ve stayed at was in San Francisco and it was exceptionally nice, sort of ultramodern and slightly Japanese.
ParticipantI think rates in the USA will be be flat to declining for a long time. Short term rates are negative in most of the developed world, and long term rates are now negative in Switzerland and getting close to negative in most of northern europe.
The 2.8% you get from the US 30 year is just about the highest in the developed world.
Switzerland is just nuts though. Deflation of more than 1% in 2015, and the central bank saying deflation will continue for at least another two years. Bank deposits denominated in Swiss Franc pay -1.25%.
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