[HarryBosch]

I can only supply anecdotes. I am not a demographics guy nor am I involved in RE – strictly layman type here. But I have lived in Temecula for five and a half years and in Anaheim Hills for nine years prior to moving here. Some of my experiences:

January 08, My daughter was hit by a hit and run driver at Margarita and Yukon while she was driving south on Margarita, near the KFC intersection. A early 1990’s Black Jeep Cherokee hit her and then took off and disappeared. It cost me $500 deductible and $500 in car rental. She wasn’t hurt but now appreciates all my warnings about people. The police officer who took the report said we were the third hit and run accident that day.

Last year my son was sued for a rear end collision by a woman in Temecula who falsely claimed back and neck injuries when he accidentally tapped her rear bumper at a stop light. Upon review of the case, the insurance pictures, reports and all our evidence the judge denied her claim. She was basically looking to get money out of us. She even offered to “settle” with us before the court date.

From what I read the median income is about $75,000 here in Temecula. Using the 3x’s rule of qualifying for mortgages that means that the median home price should be at or around $225,000. Assume $100/sq.ft. and that means a 2250 sq.ft. house should sell for around $225K.

Also, I don’t know if it’s just Temecula or if there is just more acceptance among teenagers these days but I’ve met more homosexual teenagers – at least they claim – through my daughter’s friends then I ever did when I was her age some 30+ years ago when I was in high school. Just an observation.

(Just for the record – We live next door to a man who is homosexual and we’ve never had any problems with him. Of course we almost never see him anyway – he nevers goes to any of the neighbor parties and is almost never home.)

[HarryBosch]

A business associate just came back from China. He made the same observation that the air was awful to breathe. He said he was told that they’re building a coal powered factory one per week. He also said that the Chinese told him and his friends that they’re fearful that the US will elect a “weak” president, someone that cant stop the terrorists. They are also worried about US imports dropping – not a surprise. But I was interested to hear of the Chinese speak of a “weak” president. We ran out of time and I didn’t get any more details.

Also of note, he told me that the Chinese mandated that one of his business associates automatically drop their profits by 17%. And they also formally requested – I dont think there’s a choice in the matter – that another business associate of his build another factory about 200 miles away. I asked him why would they do that and he said that the government wanted a different geographic area to benefit from local employment. You’re at the mercy of the Chinese government when you do business over there.

[HarryBosch]

A business associate just came back from China. He made the same observation that the air was awful to breathe. He said he was told that they’re building a coal powered factory one per week. He also said that the Chinese told him and his friends that they’re fearful that the US will elect a “weak” president, someone that cant stop the terrorists. They are also worried about US imports dropping – not a surprise. But I was interested to hear of the Chinese speak of a “weak” president. We ran out of time and I didn’t get any more details.

Also of note, he told me that the Chinese mandated that one of his business associates automatically drop their profits by 17%. And they also formally requested – I dont think there’s a choice in the matter – that another business associate of his build another factory about 200 miles away. I asked him why would they do that and he said that the government wanted a different geographic area to benefit from local employment. You’re at the mercy of the Chinese government when you do business over there.

[HarryBosch]

A business associate just came back from China. He made the same observation that the air was awful to breathe. He said he was told that they’re building a coal powered factory one per week. He also said that the Chinese told him and his friends that they’re fearful that the US will elect a “weak” president, someone that cant stop the terrorists. They are also worried about US imports dropping – not a surprise. But I was interested to hear of the Chinese speak of a “weak” president. We ran out of time and I didn’t get any more details.

Also of note, he told me that the Chinese mandated that one of his business associates automatically drop their profits by 17%. And they also formally requested – I dont think there’s a choice in the matter – that another business associate of his build another factory about 200 miles away. I asked him why would they do that and he said that the government wanted a different geographic area to benefit from local employment. You’re at the mercy of the Chinese government when you do business over there.

[HarryBosch]

A business associate just came back from China. He made the same observation that the air was awful to breathe. He said he was told that they’re building a coal powered factory one per week. He also said that the Chinese told him and his friends that they’re fearful that the US will elect a “weak” president, someone that cant stop the terrorists. They are also worried about US imports dropping – not a surprise. But I was interested to hear of the Chinese speak of a “weak” president. We ran out of time and I didn’t get any more details.

Also of note, he told me that the Chinese mandated that one of his business associates automatically drop their profits by 17%. And they also formally requested – I dont think there’s a choice in the matter – that another business associate of his build another factory about 200 miles away. I asked him why would they do that and he said that the government wanted a different geographic area to benefit from local employment. You’re at the mercy of the Chinese government when you do business over there.

[HarryBosch]

A business associate just came back from China. He made the same observation that the air was awful to breathe. He said he was told that they’re building a coal powered factory one per week. He also said that the Chinese told him and his friends that they’re fearful that the US will elect a “weak” president, someone that cant stop the terrorists. They are also worried about US imports dropping – not a surprise. But I was interested to hear of the Chinese speak of a “weak” president. We ran out of time and I didn’t get any more details.

Also of note, he told me that the Chinese mandated that one of his business associates automatically drop their profits by 17%. And they also formally requested – I dont think there’s a choice in the matter – that another business associate of his build another factory about 200 miles away. I asked him why would they do that and he said that the government wanted a different geographic area to benefit from local employment. You’re at the mercy of the Chinese government when you do business over there.

[HarryBosch]

ironman, People can only take so much pressure in terms of financial unfairness. I agree that just stating something is unfair doesn’t mean it won’t happen.

Recent articles have stated that close to 9 percent of mortgages nationally were in trouble. That means that 91 percent of mortgages are not in trouble – at this (snapshot) point in time.

Assume taxpayers are mandated to pay for other people’s (the 9 percent) losses. I would expect more than just a grumble about it. I would expect revolt by some means.

If I’m a politician I would want to please the majority of voters – 91 percent would be my target audience for legislation pleasers. Simple math indicates that no bailouts – balanced on the backs of taxpayers – would be the type of legislation that I would want to pass. Homeowner bailout legislation would be too obvious.

(Having the majority support the minority reminds me of communism – and that didn’t work.)

So, if the politicians are trying to please the majority then it is surely not the majority of taxpayers. So it must be someone else – the banks and lenders. Follow the money.

[HarryBosch]

ironman, People can only take so much pressure in terms of financial unfairness. I agree that just stating something is unfair doesn’t mean it won’t happen.

Recent articles have stated that close to 9 percent of mortgages nationally were in trouble. That means that 91 percent of mortgages are not in trouble – at this (snapshot) point in time.

Assume taxpayers are mandated to pay for other people’s (the 9 percent) losses. I would expect more than just a grumble about it. I would expect revolt by some means.

If I’m a politician I would want to please the majority of voters – 91 percent would be my target audience for legislation pleasers. Simple math indicates that no bailouts – balanced on the backs of taxpayers – would be the type of legislation that I would want to pass. Homeowner bailout legislation would be too obvious.

(Having the majority support the minority reminds me of communism – and that didn’t work.)

So, if the politicians are trying to please the majority then it is surely not the majority of taxpayers. So it must be someone else – the banks and lenders. Follow the money.

[HarryBosch]

ironman, People can only take so much pressure in terms of financial unfairness. I agree that just stating something is unfair doesn’t mean it won’t happen.

Recent articles have stated that close to 9 percent of mortgages nationally were in trouble. That means that 91 percent of mortgages are not in trouble – at this (snapshot) point in time.

Assume taxpayers are mandated to pay for other people’s (the 9 percent) losses. I would expect more than just a grumble about it. I would expect revolt by some means.

If I’m a politician I would want to please the majority of voters – 91 percent would be my target audience for legislation pleasers. Simple math indicates that no bailouts – balanced on the backs of taxpayers – would be the type of legislation that I would want to pass. Homeowner bailout legislation would be too obvious.

(Having the majority support the minority reminds me of communism – and that didn’t work.)

So, if the politicians are trying to please the majority then it is surely not the majority of taxpayers. So it must be someone else – the banks and lenders. Follow the money.

[HarryBosch]

ironman, People can only take so much pressure in terms of financial unfairness. I agree that just stating something is unfair doesn’t mean it won’t happen.

Recent articles have stated that close to 9 percent of mortgages nationally were in trouble. That means that 91 percent of mortgages are not in trouble – at this (snapshot) point in time.

Assume taxpayers are mandated to pay for other people’s (the 9 percent) losses. I would expect more than just a grumble about it. I would expect revolt by some means.

If I’m a politician I would want to please the majority of voters – 91 percent would be my target audience for legislation pleasers. Simple math indicates that no bailouts – balanced on the backs of taxpayers – would be the type of legislation that I would want to pass. Homeowner bailout legislation would be too obvious.

(Having the majority support the minority reminds me of communism – and that didn’t work.)

So, if the politicians are trying to please the majority then it is surely not the majority of taxpayers. So it must be someone else – the banks and lenders. Follow the money.

[HarryBosch]

ironman, People can only take so much pressure in terms of financial unfairness. I agree that just stating something is unfair doesn’t mean it won’t happen.

Recent articles have stated that close to 9 percent of mortgages nationally were in trouble. That means that 91 percent of mortgages are not in trouble – at this (snapshot) point in time.

Assume taxpayers are mandated to pay for other people’s (the 9 percent) losses. I would expect more than just a grumble about it. I would expect revolt by some means.

If I’m a politician I would want to please the majority of voters – 91 percent would be my target audience for legislation pleasers. Simple math indicates that no bailouts – balanced on the backs of taxpayers – would be the type of legislation that I would want to pass. Homeowner bailout legislation would be too obvious.

(Having the majority support the minority reminds me of communism – and that didn’t work.)

So, if the politicians are trying to please the majority then it is surely not the majority of taxpayers. So it must be someone else – the banks and lenders. Follow the money.

[HarryBosch]

golfgal, it depends on whose house the cleaning lady is cleaning 🙂 If she’s the cleaning lady for one of my brother-in-laws in OC who owns his own law firm and services only corporate clients (meaning he makes a lot of money) then she’s probably making about $600 month just taking care of his house. If she has ten other clients like him who are paying her similar wages then she’s making about $6000/mo = $72000/yr. I know that his cleaning lady has at least one of her kids at either UCLA or USC. Not bad for a cleaning lady 🙂

And if the cleaning lady is using her Toyota Sequoia for work then she’s writing off the vehicle usage as a business expense as well: gas, insurance, maintenance, payments.

[HarryBosch]

golfgal, it depends on whose house the cleaning lady is cleaning 🙂 If she’s the cleaning lady for one of my brother-in-laws in OC who owns his own law firm and services only corporate clients (meaning he makes a lot of money) then she’s probably making about $600 month just taking care of his house. If she has ten other clients like him who are paying her similar wages then she’s making about $6000/mo = $72000/yr. I know that his cleaning lady has at least one of her kids at either UCLA or USC. Not bad for a cleaning lady 🙂

And if the cleaning lady is using her Toyota Sequoia for work then she’s writing off the vehicle usage as a business expense as well: gas, insurance, maintenance, payments.

[HarryBosch]

golfgal, it depends on whose house the cleaning lady is cleaning 🙂 If she’s the cleaning lady for one of my brother-in-laws in OC who owns his own law firm and services only corporate clients (meaning he makes a lot of money) then she’s probably making about $600 month just taking care of his house. If she has ten other clients like him who are paying her similar wages then she’s making about $6000/mo = $72000/yr. I know that his cleaning lady has at least one of her kids at either UCLA or USC. Not bad for a cleaning lady 🙂

And if the cleaning lady is using her Toyota Sequoia for work then she’s writing off the vehicle usage as a business expense as well: gas, insurance, maintenance, payments.

[HarryBosch]

golfgal, it depends on whose house the cleaning lady is cleaning 🙂 If she’s the cleaning lady for one of my brother-in-laws in OC who owns his own law firm and services only corporate clients (meaning he makes a lot of money) then she’s probably making about $600 month just taking care of his house. If she has ten other clients like him who are paying her similar wages then she’s making about $6000/mo = $72000/yr. I know that his cleaning lady has at least one of her kids at either UCLA or USC. Not bad for a cleaning lady 🙂

And if the cleaning lady is using her Toyota Sequoia for work then she’s writing off the vehicle usage as a business expense as well: gas, insurance, maintenance, payments.

[Author]

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