[joec]

I still don’t know what’s the huge rush to buy in 6 months. There aren’t kids yet (or planned immediately) so like sdduuuude said, it’s a waste to pay for something (MR) you aren’t using.

2 years is a pretty long time out I think and the housing market isn’t going anywhere so there will always be places to buy.

Knowing full well how the nesting gene works, once a baby is coming, you will probably feel a huge pressure to buy something larger (been there, done that and know other folks that were in that boat), but since it’s not here yet, don’t feel rushed to get something this year. The Realtors can confirm, but I assume listings are starting to slow down already?

I can understand the commute can be bad and I hate traffic so much I feel like I get road rage daily (I assume you don’t have it as bad as me), but like the rest of the good honest advice, it seems for your situation, it sounds unwise to get something in 6 months. There aren’t even anymore tax credits left to try to rush in for that.

Also, why not sell the condo and not have that obligation when trying to qualify for a loan?

[joec]

I still don’t know what’s the huge rush to buy in 6 months. There aren’t kids yet (or planned immediately) so like sdduuuude said, it’s a waste to pay for something (MR) you aren’t using.

2 years is a pretty long time out I think and the housing market isn’t going anywhere so there will always be places to buy.

Knowing full well how the nesting gene works, once a baby is coming, you will probably feel a huge pressure to buy something larger (been there, done that and know other folks that were in that boat), but since it’s not here yet, don’t feel rushed to get something this year. The Realtors can confirm, but I assume listings are starting to slow down already?

I can understand the commute can be bad and I hate traffic so much I feel like I get road rage daily (I assume you don’t have it as bad as me), but like the rest of the good honest advice, it seems for your situation, it sounds unwise to get something in 6 months. There aren’t even anymore tax credits left to try to rush in for that.

Also, why not sell the condo and not have that obligation when trying to qualify for a loan?

[joec]

I still don’t know what’s the huge rush to buy in 6 months. There aren’t kids yet (or planned immediately) so like sdduuuude said, it’s a waste to pay for something (MR) you aren’t using.

2 years is a pretty long time out I think and the housing market isn’t going anywhere so there will always be places to buy.

Knowing full well how the nesting gene works, once a baby is coming, you will probably feel a huge pressure to buy something larger (been there, done that and know other folks that were in that boat), but since it’s not here yet, don’t feel rushed to get something this year. The Realtors can confirm, but I assume listings are starting to slow down already?

I can understand the commute can be bad and I hate traffic so much I feel like I get road rage daily (I assume you don’t have it as bad as me), but like the rest of the good honest advice, it seems for your situation, it sounds unwise to get something in 6 months. There aren’t even anymore tax credits left to try to rush in for that.

Also, why not sell the condo and not have that obligation when trying to qualify for a loan?

[joec]

One thing with globalization is that labor costs in capitalism is a race to the bottom for companies. Translated here, it becomes tough for a lot of middle class or even upper class folks to keep doing what they were doing to make a living if they lose their job. There’s enough articles on folks taking lower pay and staying there afterwards.

We can all close our eyes and cover our ears and say do something that can’t be moved or isn’t needed, but you’re bound to leave some folks behind and that’s happening now.

Not that anyone should be “entitled” to anything or given anything at all (hey, the world is a mean place), but not every 50 year old or 40 year old can re-invent themselves every 5 years on a whim. It’s just not that simple with kids, family…mortgages, college funds, health care, etc and that’s why you have all these articles about the middle class.

In China, this is even happening now. (This is the first article I googled on it, but there are more) and they are moving factories to inland areas (and some US companies are actually coming back here).

http://english.peopledaily.com.cn/90001/90778/90860/7035121.html

[joec]

One thing with globalization is that labor costs in capitalism is a race to the bottom for companies. Translated here, it becomes tough for a lot of middle class or even upper class folks to keep doing what they were doing to make a living if they lose their job. There’s enough articles on folks taking lower pay and staying there afterwards.

We can all close our eyes and cover our ears and say do something that can’t be moved or isn’t needed, but you’re bound to leave some folks behind and that’s happening now.

Not that anyone should be “entitled” to anything or given anything at all (hey, the world is a mean place), but not every 50 year old or 40 year old can re-invent themselves every 5 years on a whim. It’s just not that simple with kids, family…mortgages, college funds, health care, etc and that’s why you have all these articles about the middle class.

In China, this is even happening now. (This is the first article I googled on it, but there are more) and they are moving factories to inland areas (and some US companies are actually coming back here).

http://english.peopledaily.com.cn/90001/90778/90860/7035121.html

[joec]

One thing with globalization is that labor costs in capitalism is a race to the bottom for companies. Translated here, it becomes tough for a lot of middle class or even upper class folks to keep doing what they were doing to make a living if they lose their job. There’s enough articles on folks taking lower pay and staying there afterwards.

We can all close our eyes and cover our ears and say do something that can’t be moved or isn’t needed, but you’re bound to leave some folks behind and that’s happening now.

Not that anyone should be “entitled” to anything or given anything at all (hey, the world is a mean place), but not every 50 year old or 40 year old can re-invent themselves every 5 years on a whim. It’s just not that simple with kids, family…mortgages, college funds, health care, etc and that’s why you have all these articles about the middle class.

In China, this is even happening now. (This is the first article I googled on it, but there are more) and they are moving factories to inland areas (and some US companies are actually coming back here).

http://english.peopledaily.com.cn/90001/90778/90860/7035121.html

[joec]

One thing with globalization is that labor costs in capitalism is a race to the bottom for companies. Translated here, it becomes tough for a lot of middle class or even upper class folks to keep doing what they were doing to make a living if they lose their job. There’s enough articles on folks taking lower pay and staying there afterwards.

We can all close our eyes and cover our ears and say do something that can’t be moved or isn’t needed, but you’re bound to leave some folks behind and that’s happening now.

Not that anyone should be “entitled” to anything or given anything at all (hey, the world is a mean place), but not every 50 year old or 40 year old can re-invent themselves every 5 years on a whim. It’s just not that simple with kids, family…mortgages, college funds, health care, etc and that’s why you have all these articles about the middle class.

In China, this is even happening now. (This is the first article I googled on it, but there are more) and they are moving factories to inland areas (and some US companies are actually coming back here).

http://english.peopledaily.com.cn/90001/90778/90860/7035121.html

[joec]

One thing with globalization is that labor costs in capitalism is a race to the bottom for companies. Translated here, it becomes tough for a lot of middle class or even upper class folks to keep doing what they were doing to make a living if they lose their job. There’s enough articles on folks taking lower pay and staying there afterwards.

We can all close our eyes and cover our ears and say do something that can’t be moved or isn’t needed, but you’re bound to leave some folks behind and that’s happening now.

Not that anyone should be “entitled” to anything or given anything at all (hey, the world is a mean place), but not every 50 year old or 40 year old can re-invent themselves every 5 years on a whim. It’s just not that simple with kids, family…mortgages, college funds, health care, etc and that’s why you have all these articles about the middle class.

In China, this is even happening now. (This is the first article I googled on it, but there are more) and they are moving factories to inland areas (and some US companies are actually coming back here).

http://english.peopledaily.com.cn/90001/90778/90860/7035121.html

[joec]

[quote=sdrealtor]joec
that honest guy can still do that just not in SD. 30 years ago SD was a very different place highly dependent upon the military and tourism. SD today enjoys a relatively newfound notariety and highly paid job sectors that werent here 30 years ago. This is not your Grand Dad’s San Diego anymore where kids road bikes from Clairemont to Camp Pendleton or down to the airport through Tecolote Canyon.[/quote]

You’re right there. I suppose I’m guilty of generalizing based on my own experiences as well having mostly lived and grown up in the bay area/SF/Silicon Valley, Los Angeles, SD and visited places like Tokyo where housing is insane. Housing was also not as insane price-wise back then so you can invest in real estate 30 years ago and do a lot better since things weren’t as inflated as now and property taxes and melo-roos were not as common.

A regular family can probably live fine in places like Texas or Temucula here with decent schools, home lots, etc…

One thing that you do see is a lot of the children of families in San Diego or the bay area can’t really stay there. Maybe that’s how it’s supposed to be…

[joec]

[quote=sdrealtor]joec
that honest guy can still do that just not in SD. 30 years ago SD was a very different place highly dependent upon the military and tourism. SD today enjoys a relatively newfound notariety and highly paid job sectors that werent here 30 years ago. This is not your Grand Dad’s San Diego anymore where kids road bikes from Clairemont to Camp Pendleton or down to the airport through Tecolote Canyon.[/quote]

You’re right there. I suppose I’m guilty of generalizing based on my own experiences as well having mostly lived and grown up in the bay area/SF/Silicon Valley, Los Angeles, SD and visited places like Tokyo where housing is insane. Housing was also not as insane price-wise back then so you can invest in real estate 30 years ago and do a lot better since things weren’t as inflated as now and property taxes and melo-roos were not as common.

A regular family can probably live fine in places like Texas or Temucula here with decent schools, home lots, etc…

One thing that you do see is a lot of the children of families in San Diego or the bay area can’t really stay there. Maybe that’s how it’s supposed to be…

[joec]

[quote=sdrealtor]joec
that honest guy can still do that just not in SD. 30 years ago SD was a very different place highly dependent upon the military and tourism. SD today enjoys a relatively newfound notariety and highly paid job sectors that werent here 30 years ago. This is not your Grand Dad’s San Diego anymore where kids road bikes from Clairemont to Camp Pendleton or down to the airport through Tecolote Canyon.[/quote]

You’re right there. I suppose I’m guilty of generalizing based on my own experiences as well having mostly lived and grown up in the bay area/SF/Silicon Valley, Los Angeles, SD and visited places like Tokyo where housing is insane. Housing was also not as insane price-wise back then so you can invest in real estate 30 years ago and do a lot better since things weren’t as inflated as now and property taxes and melo-roos were not as common.

A regular family can probably live fine in places like Texas or Temucula here with decent schools, home lots, etc…

One thing that you do see is a lot of the children of families in San Diego or the bay area can’t really stay there. Maybe that’s how it’s supposed to be…

[joec]

[quote=sdrealtor]joec
that honest guy can still do that just not in SD. 30 years ago SD was a very different place highly dependent upon the military and tourism. SD today enjoys a relatively newfound notariety and highly paid job sectors that werent here 30 years ago. This is not your Grand Dad’s San Diego anymore where kids road bikes from Clairemont to Camp Pendleton or down to the airport through Tecolote Canyon.[/quote]

You’re right there. I suppose I’m guilty of generalizing based on my own experiences as well having mostly lived and grown up in the bay area/SF/Silicon Valley, Los Angeles, SD and visited places like Tokyo where housing is insane. Housing was also not as insane price-wise back then so you can invest in real estate 30 years ago and do a lot better since things weren’t as inflated as now and property taxes and melo-roos were not as common.

A regular family can probably live fine in places like Texas or Temucula here with decent schools, home lots, etc…

One thing that you do see is a lot of the children of families in San Diego or the bay area can’t really stay there. Maybe that’s how it’s supposed to be…

[joec]

[quote=sdrealtor]joec
that honest guy can still do that just not in SD. 30 years ago SD was a very different place highly dependent upon the military and tourism. SD today enjoys a relatively newfound notariety and highly paid job sectors that werent here 30 years ago. This is not your Grand Dad’s San Diego anymore where kids road bikes from Clairemont to Camp Pendleton or down to the airport through Tecolote Canyon.[/quote]

You’re right there. I suppose I’m guilty of generalizing based on my own experiences as well having mostly lived and grown up in the bay area/SF/Silicon Valley, Los Angeles, SD and visited places like Tokyo where housing is insane. Housing was also not as insane price-wise back then so you can invest in real estate 30 years ago and do a lot better since things weren’t as inflated as now and property taxes and melo-roos were not as common.

A regular family can probably live fine in places like Texas or Temucula here with decent schools, home lots, etc…

One thing that you do see is a lot of the children of families in San Diego or the bay area can’t really stay there. Maybe that’s how it’s supposed to be…

[joec]

I suppose I’m in the camp that think the upcoming generation will have a lower standard of living than our parents or people who are in their 40-50s currently on these forums.

30 years ago, an honest guy can find a decent blue collar job, get married to a stay at home spouse, buy a small house, have 2.5 kids, get 1-2 cars before and pay for the kid’s public school education and with the pension, live ok in retirement.

Nowadays, anyone without a pension is in a world of hurt with how much they have to save for retirement.

Also, in the past, public sector jobs (government) used to pay less than private sector jobs. That has since reversed now according to multiple reports. Here’s the first link I saw on a Google search:
http://reason.com/blog/2010/01/05/public-sector-vs-private-secto

Wages are 30% higher in the public sector and benefits are 70% higher.

Since pensions are gone now and people are living longer in retirement, most younger folks will have a lower quality of life since a lot of blue collar work is gone so it’s off to advanced degrees and college (more debt service); that may or may not lead to better paying jobs and we’ve all seen the reports of the tough employment market due to a global economy. Even industries such as law, nursing have it tough.

Also, with higher costs for housing (rent even), education and medicine, you now have both parents working to support the household and college since without a degree, it’s even harder to find work.

I don’t disagree that we have more luxuries and as a people in the US, live longer and don’t have to worry about starving (yet), but I do think that it’s not as peachy as someone who is successful in a field and who hangs out with mostly wealthy/successful types. It’s sorta like if everyone you know has an advanced degree and is doing incredibly well, it clouds your view of what’s the norm or what’s going on with the other 90% of people out there.

Generation to generation should do better, but with people living longer now, junior may not get his inheritance until after mommy spends it all on nursing care when she is 92 and kicks the bucket…That makes junior 67? 🙂

[joec]

I suppose I’m in the camp that think the upcoming generation will have a lower standard of living than our parents or people who are in their 40-50s currently on these forums.

30 years ago, an honest guy can find a decent blue collar job, get married to a stay at home spouse, buy a small house, have 2.5 kids, get 1-2 cars before and pay for the kid’s public school education and with the pension, live ok in retirement.

Nowadays, anyone without a pension is in a world of hurt with how much they have to save for retirement.

Also, in the past, public sector jobs (government) used to pay less than private sector jobs. That has since reversed now according to multiple reports. Here’s the first link I saw on a Google search:
http://reason.com/blog/2010/01/05/public-sector-vs-private-secto

Wages are 30% higher in the public sector and benefits are 70% higher.

Since pensions are gone now and people are living longer in retirement, most younger folks will have a lower quality of life since a lot of blue collar work is gone so it’s off to advanced degrees and college (more debt service); that may or may not lead to better paying jobs and we’ve all seen the reports of the tough employment market due to a global economy. Even industries such as law, nursing have it tough.

Also, with higher costs for housing (rent even), education and medicine, you now have both parents working to support the household and college since without a degree, it’s even harder to find work.

I don’t disagree that we have more luxuries and as a people in the US, live longer and don’t have to worry about starving (yet), but I do think that it’s not as peachy as someone who is successful in a field and who hangs out with mostly wealthy/successful types. It’s sorta like if everyone you know has an advanced degree and is doing incredibly well, it clouds your view of what’s the norm or what’s going on with the other 90% of people out there.

Generation to generation should do better, but with people living longer now, junior may not get his inheritance until after mommy spends it all on nursing care when she is 92 and kicks the bucket…That makes junior 67? 🙂

[Author]

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