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joec
ParticipantIn today’s UT:
http://www.sandiegouniontribune.com/news/2015/dec/06/tp-home-sellers-look-east-carlsbad-website-taps/Some of the stats on Chinese buyers looks pretty insane to me (35% of buyers Chinese in CA?)
Overall, SD isn’t Sanfran, but compared to prices there and for a slower pace, I think many people would be ok with being down here and prices are much cheaper compared to LA or SF.
ParticipantI think the concern with college grads is with your chosen college degree, probably 80% is not using anything at all or related to what they studied.
This means to me, that 80% of grad should have simply not gone to college since that money was a total waste.
I think that’s the scary or depressing statistic.
Maybe too many people have useless majors or people simply aren’t hiring, but with automation, outsourcing, building r&d internationally, I think there are just less jobs overall and many larger companies are cutting back (QCOM, old tech, banks cutting a lot)…
As great as all the tech companies are, I’ve heard/read that they hire a relatively few number of people for however much profits/revenue they generate.
This leads to much larger unemployment among young people leading to mo problems.
Participantyuhtey, how much is your rent anyways?
ParticipantRunning a business is extremely difficult IMO. With a lot of people having a similar mindset to you, competition is extremely fierce whatever you choose to do since lots of people would “like” to be their own boss.
As someone who is NOT a successful business owner, I think unless you have an exact advantage (parents, worked in that area and have special insight, connections, etc…), don’t expect it to be fun or easy. Also, do you have kids/wife? Those things take you away from work and makes you less competitive. Why do you see so many startups started by young college drop outs? They can work non-stop, are young/healthy, very little to risk/lose, have wealthy parents a lot of times to support their business, etc…
Most businesses end up failing for a reason and it’s hard to get a mortgage being self employed also for good reason.
Another downside as a business owner is a lot of times, you don’t have the time to do everything so half the time, you are trying to do the work, but should, instead be figuring out where the whole industry/market should go and spend all your time on that.
Your desire is also one reason I tend to support NOT paying off mortgages or things like that (student loans) early. You may need tons of capital…to live off of while figuring things out and to start a business.
As XboxBoy mentioned, you also have to ask why someone would want to sell the business to begin with? The best businesses are ones setup to run itself, but if it did that, they won’t sell or it’d be very expensive. Even a simple franchise can run over a few hundred k to even start (and you are dependent on how great that startup concept is).
I actually have someone in the family trying to sell a business with no takers since it requires them (or someone) to work there full time.
Lastly, I think the amount of work required to make most businesses successful is more than any job so in my current state of mind, I’d be very happy working for the ‘man’.
That said, the “easiest” business is probably consulting in your field of expertise, but that’s probably not specifically what you are looking for and that may only work for certain fields.
– Confessions of a “non” successful business owner.
ParticipantI used to be completely anti-gun, but the problem with ANY gun control laws now is any law-abiding terrorist (prior to the terrorist act he commits) will be able to get guns anyways so making it “harder” I don’t think will stop the violence in and of itself. 1 “clean” buyer can buy a ton of guns and give it to all this evil friends. Yes, he might get caught after the fact, but with enough funding, and the possibility that he’d be one of the shooters, he isn’t going to care that he just gave tens of guns to more people.
Like in France, I think America will have citizens who don’t have a criminal record simply going to get guns legally and commit violent acts.
Also, I think a lot more people than we realize own guns already (maybe ask your family/friends).
People who I never thought would have guns do.
As bad as the gun situation is, with it being in the constitution and if you lived by yourself as a smaller female, having a gun with some crazed people out there (assuming you also got a lot of shooting and gun handling training) is a good thing I think. I certainly think if, say a robber/rapist knew you were well armed in the house and knows how to use it, they will definitely look for another house to rob/attack/rape.
On the political front, looking at how bad Iraq/Syria is turning out, maybe ignoring atrocities is the easier way out. We already do it for various places in Africa (Boko Haram), etc…We never have a solution after removing a dictator and things seem to be a lot worst and the US becomes a bigger target afterwards.
ParticipantThanks for providing one of the more interesting threads about real estate for a long time…everyone here bought around 20008-2011 that it’s been a ghost town with actual real estate topics.
If your wife is asian, good luck trying to live somewhere else. Her “face” won’t allow her to live in south or east county and you’d be fighting a losing battle I think as mentioned trying to force where to live (as a guy)…
You’re lucky you’re not in the bay area with the small amount of funds you have to buy. Maybe your wife’s parent’s can help “chip” in, but the downside of that is they will and can stop by anytime now to see the grandkids.
ParticipantI really find it hard to believe any 12 year old Lexus will be worth 18k…no matter what.
I don’t know what they go for new so maybe it’s just me, but that sounds insanely expensive for something that is that old…and maybe just “Lexus”.
I think as for cars, I’m sure flu can attest that it really depends what you are used to…
Someone who drives crazy handling cars getting into any sedan is going to feel like the thing is a boat…
I autocrossed in the past and remember even things like old tires, heavier/taller cars, etc and you’re just waiting there in turns, what not for the car to finally catch before you can steer again.
If I were to win lotto or something crazy, I’d probably rather opt for a light/crazy handling car and just race it regularly rather than the expensive halo car that would get trashed at a track (too much of a pain to baby it),do that whole tape the front thing…Bleh…too lazy for that.
ParticipantI don’t know who the attackers were, but does anyone else see the high unemployment rates among youth leading to more problems in Europe? Look at these numbers:
http://www.tradingeconomics.com/france/youth-unemployment-rateFrance has near 25% unemployment of youth. Some are worst like Italy and Spain. France also has a lot of islamic immigrants I think leading to some possibly leaving France to Syria to train, then coming home to cause these attacks.
Unemployed men in a sad state of mind with no gf/wife (useless men, who wants them?) leads to violence, radicalization, crime, you name it.
I actually fear America would/could be ending up like this considering how tough the job market is nowadays for a lot of people…even with degrees…
In a global economy, most jobs are now viewed as an unnecessary cost center and in a race to the bottom, (all the retailers did poor just lately) and Amazon killing everyone with little retail profits (those come from AWS), I wouldn’t be at all surprised if there were more violence in 20-30 years. Maybe even 10 if things were bad enough.
The whole situation in the middle east has been going on for thousands of years…I don’t think anyone is going to be solving it anytime soon.
The US could’ve ignored Kuwait like they ignore things going on in the past, but that leads to pretty horrid atrocities:
https://en.wikipedia.org/wiki/List_of_genocides_by_death_tollIt’s easy to turn a blindeye, but there are no good solutions.
ParticipantChanging how loans are offered (non-guaranteed) would probably make tuition more affordable if all the bad loans were reduced and done away with so people can’t get insane loans for useless degrees. This is already happening with a lot of the for profit colleges and those “instantly” have closed and ceased to operate just from this change.
Sadly, I think college simply isn’t for everyone anymore (nor is high-school for your average gang banger)…as it’s way too expensive compared to, say, 20-40 years ago.
That said, it’ll probably be sad that a lot of degrees won’t be pursued, but again, maybe that’s a good thing so for people who really want to study the arts, there will be a lot less competition.
I also don’t buy that there are too few STEM grads as having been one and looking for work, I agree that most of the time, companies just want mostly cheaper labor and recent grads are cheaper than more senior employees. For a lot of jobs, I think you’re just a meat suit and it’s sad unless you do something truly innovative.
Most jobs eventually become more maintenance and don’t require the super insane brain to do.
I think after 20-30 years of this “entitlement” mindset of picking that perfect career, house/job, you name it, the next American Gen/group will start to bust ass again and work like they really mean it.
This is why when I see immigrants compared to people raised here, there is no sense of really wanting to work insanely hard or go all out. There is always that mindset of “I deserve this…” so I’m buying it.
Another danger is in 20 years, you start to have a large number of disillusioned low employed / unemployed men who are single with no kids/family (women seem to think of the future more and will graduate with more degrees in the future) who will radicalize and cause trouble for everyone…nothing left to lose, go out in a bang…etc…
ParticipantI think prop 13 changes real estate as an asset class here a bit. I don’t know if they also changed the law already on the 500k tax free gains, but when it was first allowed, some of my friend’s parents was selling places and moving to another to repeat the process to cash out…bad thing is all the places they sold are worth more now, but still…
Unlike Texas with unlimited land and near no appreciation, I think flu posted a chart that any pullback in the 80s, 90s, 2000s came back with stronger increases in silicon valley.
Yes, all this can change and maybe it’s different this time, maybe a nuke can go off or parts of CA will fall in the ocean, but at the end of the day, I certainly wouldn’t be too worried if you only have 1 place which you live in.
All this doesn’t matter much to me since I can’t buy or sell anything, am stuck with my owner occupied place for a long while and that’s it…
ParticipantAnother point to consider is Texas has no state income tax. I’ve known and have family moved to no income state tax places, but they all make in the 300+ – million rates so it’s an easier “financial” decision when you don’t pay another 30k – 100k in just state income taxes.
Personally, I’d keep the place in CA unless I needed to sell because as expensive as it is here, there are places in LA, Bay Area, NY, pretty much all the large cities in Asia (Tokyo, Hong Kong, Beijing, Shanghai, Singapore) where people are happy to park some cash outside (for their kids too to go to school). SD isn’t bay area, but it’s “good enough” for most of those folks…and getting into UCB and UCLA is hard nowadays, even with them opening it up a lot more.
In terms of supply, the builders simply don’t build SFHs unless they are sold pretty much. There is no competition in some areas (think Pardee and CV) so good luck trying to expect prices to fall when, as mentioned in the other thread, housing construction is probably half of what it was in the past and the millennials are starting to hit the start a family age…
Safer to keep it for now and rent in Austin to see how it goes.
ParticipantWhat do your kids think? I’d guess the high school years are the toughest and moving them to a totally new place and trying to make new friends in a new, totally different city/town/environment is going make you the least popular parent in the home.
For that reason alone, I’d probably not move if I was in your shoes…
The 19 year old should be in college/working so won’t matter, but the others, could end worst off (grades suffer, acting out, etc).
ParticipantYou can tell your friend to just stream both shows and dump his cable…
ParticipantI watch bloomberg all the time. I don’t look at the tickers or stock quotes though. Why not just open some auto-updating stock thing for all that?
I like the political show, With All Due Respect.
I tend to watch that more than anything else I’ve noticed (more funny/interesting to me).
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