[joec]

[quote=FlyerInHi]That’s exactly it, SK. Smart kids can thrive despite the environment. The quality of education is more important to average kids.[/quote]

The problem is if you had kids, their expected competition gets watered down or is weaker in a moderate or middle of the road school where at a top tier school, they know tons of people are smarter in every which way from being entrepreneurial, tech, medicine, charity, academics, etc…

If your kids are also super smart, the poorer performing schools will not have the resources for your kid since they have far fewer dollars as mentioned in tons of articles that all the schools now have their own foundations and fundraising so your kid will not be able to challenge themselves and will possibly even get bored leading to hanging out with trouble makers, etc…

Like in sports, a high school all star maybe nothing in college and a college all american may never get to the next level.

All in all, I think people with kids should go to the best schools possible for not just the academics, but also for the parents, discipline, money in those schools, the teachers (care more since they aren’t dealing with crap kids all day), simply more resources day in day out. I have talked to teachers in other districts and they say it’s night and day in terms of fundraising and resources some poorer school areas get.

This is why schools are such a big factor in lots of areas and why housing doesn’t drop much in those areas.

[joec]

[quote=spdrun]No one here is wrong. The deal didn’t make sense versus renting in 2011 and makes even less sense now. The figure of $5k+/mo is off-base, sorry to say.

You can rent a dog-friendly 3-bedroom in Encinitas for $3150.

http://sandiego.craigslist.org/nsd/apa/5016043874.html

How about 4-bedrooms (cats only) for the same price?

http://sandiego.craigslist.org/nsd/apa/5013325431.html

4 beds, no pets, $2600..
http://sandiego.craigslist.org/nsd/apa/5011035755.html%5B/quote%5D

My comment was actually in reference to the bay area, not San Diego. I found 5k/month small < 2k townhomes for rent in and around the tech centers...Hardly saw any homes in my quick search in mountain view, palo alto, etc....

[joec]

[quote=The-Shoveler]The property tax system in the north east seems designed to push retirees to Florida LOL.[/quote]

I wonder if this is actually a smart idea. Old people tend to not be large spenders and don’t pay as much tax due to not working. The cities and government still has to build infrastructure to support them and their healthcare is clearly more expensive…

They also don’t spend money freely like 18-35 year olds and the reason why marketers always like to get those eyeballs and those are “worth more”…

Tax them highly to push them out somewhere else so you don’t have to worry about them. Sounds like a good plan.

[joec]

I agree that a lot of these mcmansions have no trouble selling. At the end of the day, people HAVE to live somewhere unlike buying a stock so when you are paying 7-8k per month rent to rent a house (guessing on price, but I did find some 5k rentals for < 2k townhomes for rent) for your family of 4 or 5 with a dog, you're stuck having to buy whatever the market prices are. Bay area housing prices are even more insane than I realized after looking at some of these links posted...

[joec]

I think for a lot of people, once you get older and have a family, kids, want better hours, etc…the bay area becomes a pretty poor place to be since the housing costs are so much higher compared to here and you probably can’t (or don’t want to) put in the hours as the young, single engineer trying to get acquired/go public…If you’re single, and all your friends are also doing the startup thang…working is not a big deal.

They (media/bloomberg today) said the fitbit IPO now is because they think Apple will kill them and they are trying to rush to cash out…

Who knows…One thing with San Diego is for people who want to leave the Bay Area, SD housing is insanely cheap for what you get so for people who didn’t hit the IPO lottery, SD will probably be considered a place to settle to actually “own” a home. The place in the bay area that I almost purchased has doubled in value since…insane.

[joec]

I agree with flu…Being an “old” tech worker in the bay area during the tech boom, I think the majority of people who are there living in the more expensive areas are hoping to join a place which will get acquired or go public…Most “worker” bees live in areas off the prime areas or in older, small places. Mountain View didn’t use to be that expensive and my guess is people living in these places are “stuck” and don’t know where else to go (for work). SD isn’t the place for most tech jobs and neither is LA. Especially when all your business and work referrals make it nearly impossible for you to leave.

I really think after you start making a bit of money to not notice the difference due to taxes being so high, you realize that income increases are pretty useless and you are better off investing a lot more in stocks in general and find companies which will make it (seems like a lot recently…)

All you need is 1 and it doesn’t even take that many options…

[joec]

Having lived in MTV before and many other areas in the BA, people who own properties really made out well.

I looked up my old place I stayed in from my younger days and it’s over a mil for < 2k sqft. I think it's really true that once you leave the BA, you probably will never go back because the housing alone is probably going to be more expensive than where you moved to and it seems like a waste (unless you are a multi-millionaire), you'd make it work wherever you're now and are "happy". There are also very few reasons to live in the bay area unless you can get ultra rich in tech. For most people, you can be a lawyer or doctor anywhere else and do much better. I know both tech and doctors leaving and are happier and "making it work" in income tax free states. Oh well, like a lot of guys who left, had my chance, didn't strike it big, and moved on. I think Los Altos is a much nicer area than Mountain View as well as a lot of places west of the that freeway that goes N/S west of the 101. Forget which, maybe 280.

[joec]

The problem, bg, is I think you are stuck in your own mindset like a lot of people…Making 100k+ is nothing and I made more than that 15+ years ago. It’s also dependent on who runs in your social/professional circle. Sadly, I know many people it seems making lots of money, so much money, they don’t know what to do with it all as well as dual doctor families clocking well close to a mil in income alone and biz owners with ferrari’s and millions.

You add in family help for all the asian families buying in CV (all the folks I knew in the bay area had family help buying mil+ places with ease) and they don’t buy these places to rent out, they buy them to live and raise their family/kids in and go to school in the area. My parents have even offered me hundreds of thousands in help if we needed it for who knows what so I’m guessing for some and quite a few, if the parents can help (since that generation didn’t really spend money), getting the down payment can make many home payments as easy as anyplace in the other “CV” down south.

All that said, I think for some people, they just can’t see why someone would pay anything for something which they don’t see a value in.

For me, I guess it could be makeup, shoes, clothes, perfume, bags, pedicures, haircuts, etc…

All worthless items that you should pay close to 0 for IMO if you could.

Also, some people like small backyard homes (me, less maintenance, landscaping) and don’t care for a view, etc…My house could be a shack with no windows for all I care since I always close my blinds anyways and turn off all the lights. Really, it’s just people rather live in CV (with their taxes and all) than maybe other areas with more land and less tax. Also, I think asians like living around other asians (prob true for most races actually) so some people will NEVER buy in certain areas since the food and demographics don’t match where they want to be.

If I wanted “character”, I’d watch a good movie with a well developed character or be careful who I date…I don’t need “character” in a home and I don’t think the thousands buying in CV or many other tract areas care that much about “character” in their home.

People also want to put more money in where they live since the schools are a big factor since not all schools even in the same district gets the same level of funding…
http://www.pomeradonews.com/news/2015/apr/30/lyles-poway-unified-education-neither-free-equal/

For Poway…I assume true in San Diego Unified, maybe less so in Carmel Valley, but some schools are always viewed as “the best” with their own foundations raising thousands or hundreds of thousands of dollars to get more ahead.

[joec]

Yeah, this should have no problems renting out IMO…We looked at the Carriage Run and Bridleridge homes went we were shopping back in 08, but couldn’t stand the CR streets being so tight, small…BR was a little bit more expensive and better if I remember.

It looks like both areas are now priced higher than when we were shopping so if they bought at the right time, up quite a large amount.

[joec]

Old thread, but just curious what lessons typically cost in the San Diego area? Per 30 minute lesson? Per month?

Do people typically have their kids do 1 lesson a week?

[joec]

Case-Shiller out now:
https://www.spice-indices.com/idpfiles/spice-assets/resources/public/documents/173348_cshomeprice-release-0428.pdf?force_download=true

SF and Denver tops list with 10% and 9.8% gain YoY. San Diego clocked in at a slower 4.7% increase…

[joec]

I can’t say I know a thing about permits…but another thing to consider is when YOU sell this place, your buyer pool might be limited since some people won’t want to deal with this neither.

If lack of permits is a problem, then I don’t think I’d ever want to waste my precious time on sorting any of it out.

It maybe the best addition or works really well, but a new buyer simply doesn’t care about that or the great memories in a house.

[joec]

[quote=rockingtime]How would people pay for higher rent or higher prices with stagnant wages?

I see increase in jobs in san diego which are not high paying though the media touts them as otherwise. .

It’s gonna be interesting. .[/quote]

Because people who buy higher end homes aren’t middle class and people renting high end downtown places have good/high paying jobs to afford it. I really think there is just a large gap now between the haves and have nots.

Some people are also living with parents saving a bit more cash for a few years when your rent is free.

[joec]

Maybe everyone is “right” and the avg is going up because only new units are being built which has a higher rental rate…This skews the numbers a little higher even though some areas or units are not moving up a lot.

I don’t think a lot of the mom and pop landlords are also in these reports since they don’t poll these people who maybe offering the better “deals” for their rentals since they don’t run it like a business with professional full time workers onsite who don’t mind kicking old tenants out to charge market rate since the building owner has to pay them anyways.

Also, some workers want certain amenities say like a parking space, laundry, etc…so those units have a higher premium than older units without these features so those older rental units aren’t up as much since they haven’t been upgraded.

All I know is I see rents are up a lot all over my area so can’t help but think prices won’t drop until this changes.

[joec]

I just posted about this article as well on another thread and agree. I don’t think house prices will go down until rents go down. Unlike stocks, you have to have a place to live. Developers are also not overbuilding and instead, building things that will sell and no low cost units.

As mentioned, even if “you” leave and don’t want to rent and are fed up, there seems to be an insane amount of people who are glad to rent it. I just checked my hood and rents are now up like 200/month from when I last checked like 6 months ago (4S house area).

Glad I don’t have to worry about this stuff currently and one positive of owning vs. renting. Up/down, whatever…my payment is the same.

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