[joec]

[quote=FlyerInHi]It’s a good time to be in the apartment business. The nicer apartments complexes are able to raise rents and they are multiplying.

I like these type of apartments being built. This complex here is right on el cajon blvd with storefronts. This company owns/managers lots of complexes around the country.

http://www.carmelapartments.com/blvd63%5B/quote%5D

Maybe good for the hipster professional who wants a little action at night as well…

I don’t know when I knew about this from seeing these articles, but it seems that “El Cajon Blvd” is still the prostitution hotspot for San Diego…

2009 Article:
http://www.voiceofsandiego.org/public-safety/why-el-cajon-blvd-is-a-prostitution-hotspot/

2014 Article:
http://www.sandiego6.com/news/local/249945671.html
(major bust).

Pretty pathetic that a “Luxury” apartment is probably over 3k/month for 1000 sqft while I sit in an econobox over 3000 sqft at a lower monthly with tax benefits. Not to mention you need to have 3 other roommates so you don’t feel it’s that expensive.

I honestly feel like how I did it in the past if I had to still rent (and was 20 years younger), I’d tried to live in the cheapest crappiest shit hole instead of “wasting” my money on rent and NEVER have any savings. No wonder rentals use even more of a persons % of income on rent vs. mortgagers.

[joec]

[quote=deadzone]

If you are referring to birthright citizenship, I guarantee you that the majority of Americans are against it, particularly as it is being blatantly abused by Mexicans and others for anchor babies. Most politicians don’t have the balls to bring up this topic which is another example of why a guy like Trump, clown that he is, will continue to be popular.[/quote]

Is anyone concerned that America will eventually be brought down from within from someone born here like those movies, Departed, and what I prefer more, Infernal Affairs?

I suppose I wouldn’t be surprised that in 20-30 years, you may have some micro cells born/bred to cause trouble.

You are already starting to see US citizens causing trouble so changing the whole 14th amendment might not help much with our open system…

no fix, just more arguements and debates.

[joec]

[quote=moneymaker]I have the contract and it explicitly states the rate is $20 per year guaranteed and cannot be broken. Not being a lawyer I would think the “not be broken” part would be equally binding. No I haven’t received my increase yet so maybe I will be one of the few that doesn’t get the increase.[/quote]

I have the $20 rate as well. I will try to look for my contract, but from some of the reddit posts, the fine print seems to say they can raise it (at least according to the 2007 member post).

What’s sad with this is if they can raise it in any subsequent year, what’s the point of purchasing a annual fee and pay more upfront when you joined (I think I joined for 2 years) just so they can raise it on you at year two? That sounds a bit misleading.

I hope I can find it. Maybe some of the older plans are better worded.

[joec]

I think having any down payment requirement will make the market much different than no down, ninja loans of the 2005-2007 period.

For most folks, saving 100k+ is not easy so they are less likely to gamble when they had no “skin” in the game previously.

[joec]

[quote=VistaGuy]http://www.bloomberg.com/news/articles/2015-08-05/redfin-ceo-something-we-ve-seen-in-just-the-last-month-should-make-you-worried-about-the-housing-market

I saw this this morning and it hit home. I sold my house in Vista in June to try and get into a better school district before my daughter starts kindergarten. Based on the current market I think many like myself are content to rent.[/quote]

The problem with this thinking and this news article (which I saw live today or yesterday) is that if you look at the chart, it ALWAYS slows down in the latter half of the year. It’s probably been like this for decades and probably won’t change anytime soon since the latter half is during the holidays (thanksgiving, christmas, school starts, etc…), August, many folks travel, school is about to start as well and you usually have to be a resident to get early enrollment, etc…

The chart also says NOTHING IMO about any slowdown since it looks the same as 2013 and 2014.

Also, similar to other posters, you’re going into a mode of just hoping a certain future happens based on what you did in the past. Selling isn’t the problem per se, but thinking it will go down looking at this chart certainly isn’t what I see from this article/chart and just because you sold.

I just checked rental homes in the area and now, they are at 4k/month for an econo-box in 4S.

5 years ago, it was closer to 3k. Renting “sounds” great until your rent gets jacked up yearly and having to move with a family/kid sucks. Locking up flat “rent” is awesome if you bought when things weren’t crazy. I still see prices heading up ~5% a year and just this weekend, it was reported in the UT that San Diego has one of the lowest, if not the lowest housing stock in the nation (or something)…

You could also state I have owner’s bias as well, but the rents at where they are in CV or 4S isn’t going to make anyone sweat that home prices are going down anytime soon if they bought nearer to the lows when their mortgage is closer to 2k/month.

The chart/article just doesn’t state to me a problem in the market at all.

[joec]

Since agents work in the public space, is it a bad thing to post who he/she is? It’s not slander if what you state is true and people here would avoid said agent in the future.

[joec]

Would it be better to price it slightly “below” market to get more interest? I saw a house on a walk around the neighborhood and I saw a house list for like 50-100k over what I’d think it’d sell at. After a few weeks, there were signs saying reduced price, etc…

I always thought if you’re too high to start, it “taints” the property and it’s harder to even get people interested enough to look. Make it low to start, people at least look, then if you did your job of making it immediate move in ready, renters who are sick of renting will at put in a decent fair bid.

[joec]

Knowing college people who did SAP consulting and having some family folks in this field as well, it’s purely just because it’s a very limited specialized skillset that most people would never learn or use in real life. It’s sorta also hard to get into I think unless you get a gig which needed it or you were “hired” early by a consulting house to train/do it.

I did ERP stuff in the past on Oracle/Peoplesoft and I doubt any of the SAP stuff is “hard”, but what in tech really is considered hard given enough motivation/interest?

I think the pay is “decent” (I don’t think 200k is insane), because people who implement these typically have to travel so that lifestyle isn’t for everyone. Most companies would also not want to keep a lot of SAP talent on staff and advancement career wise is limited if you wanted to reach higher levels of management or IPO.

It’s surprising large scale projects like this are still about, but with tons of government contracts and old legacy systems and simply, users wanting to do things their “custom” way, I doubt it’ll go away soon.

If consulting, there is very little advancing pass more pay or management opportunities.

Honestly, the guy doing your yard work or cleaning your house I feel has a “harder” job than most desk jobs out there.

[joec]

[quote=poorgradstudent]Overall, neither seemed to have many great deals.[/quote]

Agreed…watched all the items at amazon and there was nothing that was on my wish list to purchase…Walmart’s website is very hard to use and you don’t even know what’s on sale so found nothing there.

It did look like a garage sale of stuff that doesn’t sell or they can’t get rid of. I suppose that’s what black friday is actually if you think about it (getting rid of old models of TVs, etc…for cheaper than people think when something is already an old, expired model…that and inflating the MSRP which amazon does a lot).

[joec]

[quote=flyer][quote=joec]In the UT today:
http://www.sandiegouniontribune.com/news/2015/jul/11/china-golf-juniors-junior-world/

More CV homes being bought up for Chinese golfer kids![/quote]

Read that also, joec.

Back when we were growing up in LJ and playing in in all of the golf and tennis tournaments as kids, even then, there were quite a few kids from various countries competing, and our kids saw this as well during their years of competition.

As we all know, CA has what most of the world wants, so it will be interesting to see what affect this particular trend has on our local economy going forward.[/quote]

Forgot to add that as a data point, I actually have extended family that COMES to San Diego every summer with the kids to join these youth golf tourneys. They say their kid is so great at it, but who knows…

…so it really does appear to happen.

[joec]

In the UT today:
http://www.sandiegouniontribune.com/news/2015/jul/11/china-golf-juniors-junior-world/

More CV homes being bought up for Chinese golfer kids!

[joec]

I read that if he wins, we’ll have the best looking 1st lady.

[joec]

Looking at some articles today, the EU is rejecting Greeks new bailout terms even though these terms were what was asked earlier since they don’t believe Greece will hold to them and simply don’t trust the Greeks anymore.

I suppose the people who can’t or won’t leave are all the older, retired pensioners since if they leave Greece, they probably end up with $0 in pension anywhere else in the EU. They’re sorta shafted pretty majorly (sounds like a lot of pension systems in the US as well).

If you were a young hot shot or simply any worker, if your taxes are going up, services are going down, properties and businesses closing, you might as well leave and work somewhere else and let someone else worry about these older and retired people’s pensions…

I’m probably more curious to just see what happens when a country leaves the Euro.

[joec]

[quote=utcsox][quote=joec][

..After a wave of crime, tough times, cuts will have to be done since they simply don’t have the money to pay anyways. Like our nice state of CA...They can raise all the taxes, but if people leave the state or simply find ways to not pay, people will just leave or the state (or country) has no choice but to cut services…

At that point, I think the Greece people will maybe wake up and decide if they want to stick it out and actually pay for stuff finally or just descend into a mess of a country.[/quote]

Care to elaborate how is California is similar to Greece? Is it the 25% drop of GDP from its peak? Is it 25.6% unemployment rate? Or are you implying Californians are evading taxes like Greek people?[/quote]

My point is that CA also has pension problems as most states in the US. CA has ALREADY raised taxes for medicare for the wealthy and some cities (SF comes to mind) has a “special tax” just to pay for healthcare for city workers I think.

There is also an added state income tax in CA where you pay an extra 3% or something if income is > 250k I think. Someone here rich can post the rule since it doesn’t affect poor me…

I am saying if Greece leaves the Euro, they will be now FORCED to do these things since they simply don’t bring in enough revenue to pay out current liabilities. Unfortunately for them and fortunately for CA, CA has lots of “rich” upper class worker bees to pay (rich companies don’t pay any tax since most offshore it all and have lower tax rates than you or me) and Greece seems to have a history of tax evaders in general. I’m sure the GDP of CA is massive compared to Greece (8th in the whole world) so CA can do lots of things to deal with misc “problems” here vs. Greece.

Also, there isn’t a massive exodus of people leaving CA (see property prices in SF or LA?) even with these wealth income taxes so CA seems to be managing their financial issues fine compared to Greece. Not to mention people actually voted for the tax increase.

I wonder how Vallejo is doing or other bankrupt cities. If they implemented a special tax in certain cities, it seems easier to just shop somewhere else or leave (so if Greece gives you painful austerity or taxes or spending cuts, why not just leave?).

[joec]

[quote=flu]So looks like Greece is asking for $50billion euros. And put in place austerity measures? So what was the point of the referendum? Lol
https://www.washingtonpost.com/world/greek-government-finalizes-details-on-last-ditch-request-for-bailout/2015/07/09/f7871f18-25ba-11e5-b621-b55e495e9b78_story.html%5B/quote%5D

All the articles always boils down to whether debt forgiveness will ever be offered. Greece already can’t service it’s debts so there is no way they can restructure it to pull them through. 100 year loans? lower interest rates? This is similar to all those underwater home owners trying to get housing relief by writing down loans when their house will NEVER get back to their overinflated values. The US banks never did that neither and people just walked (as they should).

In this case, I don’t think any of these loans have collateral so Greece can just walk and pay $0 and start over.

Looking at everything Merkel keeps saying, a haircut of the debt (forgiveness) isn’t going to happen so anything else will just be kicking the can down the road. The GDP of Greece has already declined like 25%+ or more already and getting worst so they are in a hole they will never get out of.

I think after they leave the Euro, Greece will now HAVE to implement reform since they simply don’t take in enough money to pay all these pensions or benefits. Instant austerity…After a wave of crime, tough times, cuts will have to be done since they simply don’t have the money to pay anyways. Like our nice state of CA…They can raise all the taxes, but if people leave the state or simply find ways to not pay, people will just leave or the state (or country) has no choice but to cut services…

At that point, I think the Greece people will maybe wake up and decide if they want to stick it out and actually pay for stuff finally or just descend into a mess of a country.

[Author]

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