Forum Replies Created
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joec
Participant[quote=threadkiller]How about a major earthquake in CA! I think most people complain about taxes. but don’t really plan based on them atleast not long term. Otherwise everybody would be cashing out there 401K’s right now. Taxes are going to rise,that’s a given and with no good news economically I would say the odds are the market will be down this time next year.[/quote]
If it’s really long term, I don’t think people will be doing much with their 401k since over 30-40 years, you will have plenty of changes in tax policy to make adjustments as needed.
Taxes are pretty low now, but folks tapping 401k money at their marginal rate isn’t a sure thing.
Participant[quote=threadkiller]How about a major earthquake in CA! I think most people complain about taxes. but don’t really plan based on them atleast not long term. Otherwise everybody would be cashing out there 401K’s right now. Taxes are going to rise,that’s a given and with no good news economically I would say the odds are the market will be down this time next year.[/quote]
If it’s really long term, I don’t think people will be doing much with their 401k since over 30-40 years, you will have plenty of changes in tax policy to make adjustments as needed.
Taxes are pretty low now, but folks tapping 401k money at their marginal rate isn’t a sure thing.
Participant[quote=davelj]
There will always be plenty of engineering jobs here in the US, but… the more generic and outsourceable (I don’t think that’s a word) the work, the greater the likelihood that it eventually ends up overseas. The folks in India, China, etc. are just as smart, more motivated and much cheaper. It’s that simple.
Personally, unless I was really confident I was going to be a major engineering hotshot, I’d avoid most engineering tracks. It looks pretty risky to me.
[/quote]
I agree with this. I think unless you really love engineering (and this applies to any field/career/work), etc…The most important thing is probably to do something you are incredibly passionate about since in any field or business, you will be competing with many people who love what they do so if you don’t want to be there as badly, you’ll eventually get forced out of work.
The environment of the people growing up in India and China is a lot tougher so I think it’s tough for US folks to want to spend 50 years trying to build a foothold to a better life when they are already living it now. This makes it harder to compete since we (they’ve) gotten soft already.
I also know of accountants and ex-lawyers who left because they couldn’t stand dealings with numbers and balance sheets all day and hated billable hours as a lawyer so they should make some courses required reading before folks go to do their CPAs, law or medical degrees.
What they should offer high school juniors and seniors (maybe they do already) is more counseling on careers and a cost analysis and be blunt about things like getting a history degree or sociology or English means no jobs unless you are lucky enough to be a professor (which now requires a PhD)…
Participant[quote=davelj]
There will always be plenty of engineering jobs here in the US, but… the more generic and outsourceable (I don’t think that’s a word) the work, the greater the likelihood that it eventually ends up overseas. The folks in India, China, etc. are just as smart, more motivated and much cheaper. It’s that simple.
Personally, unless I was really confident I was going to be a major engineering hotshot, I’d avoid most engineering tracks. It looks pretty risky to me.
[/quote]
I agree with this. I think unless you really love engineering (and this applies to any field/career/work), etc…The most important thing is probably to do something you are incredibly passionate about since in any field or business, you will be competing with many people who love what they do so if you don’t want to be there as badly, you’ll eventually get forced out of work.
The environment of the people growing up in India and China is a lot tougher so I think it’s tough for US folks to want to spend 50 years trying to build a foothold to a better life when they are already living it now. This makes it harder to compete since we (they’ve) gotten soft already.
I also know of accountants and ex-lawyers who left because they couldn’t stand dealings with numbers and balance sheets all day and hated billable hours as a lawyer so they should make some courses required reading before folks go to do their CPAs, law or medical degrees.
What they should offer high school juniors and seniors (maybe they do already) is more counseling on careers and a cost analysis and be blunt about things like getting a history degree or sociology or English means no jobs unless you are lucky enough to be a professor (which now requires a PhD)…
Participant[quote=davelj]
There will always be plenty of engineering jobs here in the US, but… the more generic and outsourceable (I don’t think that’s a word) the work, the greater the likelihood that it eventually ends up overseas. The folks in India, China, etc. are just as smart, more motivated and much cheaper. It’s that simple.
Personally, unless I was really confident I was going to be a major engineering hotshot, I’d avoid most engineering tracks. It looks pretty risky to me.
[/quote]
I agree with this. I think unless you really love engineering (and this applies to any field/career/work), etc…The most important thing is probably to do something you are incredibly passionate about since in any field or business, you will be competing with many people who love what they do so if you don’t want to be there as badly, you’ll eventually get forced out of work.
The environment of the people growing up in India and China is a lot tougher so I think it’s tough for US folks to want to spend 50 years trying to build a foothold to a better life when they are already living it now. This makes it harder to compete since we (they’ve) gotten soft already.
I also know of accountants and ex-lawyers who left because they couldn’t stand dealings with numbers and balance sheets all day and hated billable hours as a lawyer so they should make some courses required reading before folks go to do their CPAs, law or medical degrees.
What they should offer high school juniors and seniors (maybe they do already) is more counseling on careers and a cost analysis and be blunt about things like getting a history degree or sociology or English means no jobs unless you are lucky enough to be a professor (which now requires a PhD)…
Participant[quote=davelj]
There will always be plenty of engineering jobs here in the US, but… the more generic and outsourceable (I don’t think that’s a word) the work, the greater the likelihood that it eventually ends up overseas. The folks in India, China, etc. are just as smart, more motivated and much cheaper. It’s that simple.
Personally, unless I was really confident I was going to be a major engineering hotshot, I’d avoid most engineering tracks. It looks pretty risky to me.
[/quote]
I agree with this. I think unless you really love engineering (and this applies to any field/career/work), etc…The most important thing is probably to do something you are incredibly passionate about since in any field or business, you will be competing with many people who love what they do so if you don’t want to be there as badly, you’ll eventually get forced out of work.
The environment of the people growing up in India and China is a lot tougher so I think it’s tough for US folks to want to spend 50 years trying to build a foothold to a better life when they are already living it now. This makes it harder to compete since we (they’ve) gotten soft already.
I also know of accountants and ex-lawyers who left because they couldn’t stand dealings with numbers and balance sheets all day and hated billable hours as a lawyer so they should make some courses required reading before folks go to do their CPAs, law or medical degrees.
What they should offer high school juniors and seniors (maybe they do already) is more counseling on careers and a cost analysis and be blunt about things like getting a history degree or sociology or English means no jobs unless you are lucky enough to be a professor (which now requires a PhD)…
Participant[quote=davelj]
There will always be plenty of engineering jobs here in the US, but… the more generic and outsourceable (I don’t think that’s a word) the work, the greater the likelihood that it eventually ends up overseas. The folks in India, China, etc. are just as smart, more motivated and much cheaper. It’s that simple.
Personally, unless I was really confident I was going to be a major engineering hotshot, I’d avoid most engineering tracks. It looks pretty risky to me.
[/quote]
I agree with this. I think unless you really love engineering (and this applies to any field/career/work), etc…The most important thing is probably to do something you are incredibly passionate about since in any field or business, you will be competing with many people who love what they do so if you don’t want to be there as badly, you’ll eventually get forced out of work.
The environment of the people growing up in India and China is a lot tougher so I think it’s tough for US folks to want to spend 50 years trying to build a foothold to a better life when they are already living it now. This makes it harder to compete since we (they’ve) gotten soft already.
I also know of accountants and ex-lawyers who left because they couldn’t stand dealings with numbers and balance sheets all day and hated billable hours as a lawyer so they should make some courses required reading before folks go to do their CPAs, law or medical degrees.
What they should offer high school juniors and seniors (maybe they do already) is more counseling on careers and a cost analysis and be blunt about things like getting a history degree or sociology or English means no jobs unless you are lucky enough to be a professor (which now requires a PhD)…
ParticipantI still think your best bet is to just wait a bit more and save for a larger down payment. Since you don’t need the space yet until kids, and with in-laws living with you, it sounds like a SFH is probably what you really want to be in…in CV as well. I can understand worrying about missing the bottom, but most people here don’t think it will rocket back up so you should have time to buy something which is a better fit long term…As mentioned before, transactions in real estate cost a lot of time and money so I know I wouldn’t buy something short term now, and then when kids come, be forced to find something else quickly again…
I wouldn’t bank on pricing changing too much in 6 months. A lot of the new home builders are really controlling their supply so will only build as much as they can to sell easily. Especially Pardee and CV so you are sorta stuck since they own all? (most) of the land out there. We looked at the Carriage Homes and I think they are still the same price as they were 2 years ago (low 700k? I think).
I’m probably in the minority camp that thinks the market is probably flat/slight down depending on area. There are enough piggs that have bought to make me think that way or it’s “close enough” for all those folks to buy themselves. However, I don’t think any of those bought homes in CV so maybe that area still has some room to fall.
I know the new places in 4S ranch were all selling same day and some of the earlier phases all sold out in an hour so the builder is probably not lying when they say they have enough folks on the waiting list already. Best bet is to just get yourself on the waiting list as well and go during a release day to see how quickly they sell. If you aren’t on the waiting list, you really don’t have a chance to even buy in Dec.
Inventory tends to drop come Sep so your choices become very limited in terms of resale homes so I’d probably wait longer if I was in your shoes…
Lastly, don’t worry too much about timing the exact bottom. No one can do that anyways, but from reading about your situation, you don’t really “need” more space or a SFH yet so until you do, might as well watch or rent instead, then save more now for something which will be a better fit maybe in a year or 2 instead and plan to stay for a longer time afterwards.
ParticipantI still think your best bet is to just wait a bit more and save for a larger down payment. Since you don’t need the space yet until kids, and with in-laws living with you, it sounds like a SFH is probably what you really want to be in…in CV as well. I can understand worrying about missing the bottom, but most people here don’t think it will rocket back up so you should have time to buy something which is a better fit long term…As mentioned before, transactions in real estate cost a lot of time and money so I know I wouldn’t buy something short term now, and then when kids come, be forced to find something else quickly again…
I wouldn’t bank on pricing changing too much in 6 months. A lot of the new home builders are really controlling their supply so will only build as much as they can to sell easily. Especially Pardee and CV so you are sorta stuck since they own all? (most) of the land out there. We looked at the Carriage Homes and I think they are still the same price as they were 2 years ago (low 700k? I think).
I’m probably in the minority camp that thinks the market is probably flat/slight down depending on area. There are enough piggs that have bought to make me think that way or it’s “close enough” for all those folks to buy themselves. However, I don’t think any of those bought homes in CV so maybe that area still has some room to fall.
I know the new places in 4S ranch were all selling same day and some of the earlier phases all sold out in an hour so the builder is probably not lying when they say they have enough folks on the waiting list already. Best bet is to just get yourself on the waiting list as well and go during a release day to see how quickly they sell. If you aren’t on the waiting list, you really don’t have a chance to even buy in Dec.
Inventory tends to drop come Sep so your choices become very limited in terms of resale homes so I’d probably wait longer if I was in your shoes…
Lastly, don’t worry too much about timing the exact bottom. No one can do that anyways, but from reading about your situation, you don’t really “need” more space or a SFH yet so until you do, might as well watch or rent instead, then save more now for something which will be a better fit maybe in a year or 2 instead and plan to stay for a longer time afterwards.
ParticipantI still think your best bet is to just wait a bit more and save for a larger down payment. Since you don’t need the space yet until kids, and with in-laws living with you, it sounds like a SFH is probably what you really want to be in…in CV as well. I can understand worrying about missing the bottom, but most people here don’t think it will rocket back up so you should have time to buy something which is a better fit long term…As mentioned before, transactions in real estate cost a lot of time and money so I know I wouldn’t buy something short term now, and then when kids come, be forced to find something else quickly again…
I wouldn’t bank on pricing changing too much in 6 months. A lot of the new home builders are really controlling their supply so will only build as much as they can to sell easily. Especially Pardee and CV so you are sorta stuck since they own all? (most) of the land out there. We looked at the Carriage Homes and I think they are still the same price as they were 2 years ago (low 700k? I think).
I’m probably in the minority camp that thinks the market is probably flat/slight down depending on area. There are enough piggs that have bought to make me think that way or it’s “close enough” for all those folks to buy themselves. However, I don’t think any of those bought homes in CV so maybe that area still has some room to fall.
I know the new places in 4S ranch were all selling same day and some of the earlier phases all sold out in an hour so the builder is probably not lying when they say they have enough folks on the waiting list already. Best bet is to just get yourself on the waiting list as well and go during a release day to see how quickly they sell. If you aren’t on the waiting list, you really don’t have a chance to even buy in Dec.
Inventory tends to drop come Sep so your choices become very limited in terms of resale homes so I’d probably wait longer if I was in your shoes…
Lastly, don’t worry too much about timing the exact bottom. No one can do that anyways, but from reading about your situation, you don’t really “need” more space or a SFH yet so until you do, might as well watch or rent instead, then save more now for something which will be a better fit maybe in a year or 2 instead and plan to stay for a longer time afterwards.
ParticipantI still think your best bet is to just wait a bit more and save for a larger down payment. Since you don’t need the space yet until kids, and with in-laws living with you, it sounds like a SFH is probably what you really want to be in…in CV as well. I can understand worrying about missing the bottom, but most people here don’t think it will rocket back up so you should have time to buy something which is a better fit long term…As mentioned before, transactions in real estate cost a lot of time and money so I know I wouldn’t buy something short term now, and then when kids come, be forced to find something else quickly again…
I wouldn’t bank on pricing changing too much in 6 months. A lot of the new home builders are really controlling their supply so will only build as much as they can to sell easily. Especially Pardee and CV so you are sorta stuck since they own all? (most) of the land out there. We looked at the Carriage Homes and I think they are still the same price as they were 2 years ago (low 700k? I think).
I’m probably in the minority camp that thinks the market is probably flat/slight down depending on area. There are enough piggs that have bought to make me think that way or it’s “close enough” for all those folks to buy themselves. However, I don’t think any of those bought homes in CV so maybe that area still has some room to fall.
I know the new places in 4S ranch were all selling same day and some of the earlier phases all sold out in an hour so the builder is probably not lying when they say they have enough folks on the waiting list already. Best bet is to just get yourself on the waiting list as well and go during a release day to see how quickly they sell. If you aren’t on the waiting list, you really don’t have a chance to even buy in Dec.
Inventory tends to drop come Sep so your choices become very limited in terms of resale homes so I’d probably wait longer if I was in your shoes…
Lastly, don’t worry too much about timing the exact bottom. No one can do that anyways, but from reading about your situation, you don’t really “need” more space or a SFH yet so until you do, might as well watch or rent instead, then save more now for something which will be a better fit maybe in a year or 2 instead and plan to stay for a longer time afterwards.
ParticipantI still think your best bet is to just wait a bit more and save for a larger down payment. Since you don’t need the space yet until kids, and with in-laws living with you, it sounds like a SFH is probably what you really want to be in…in CV as well. I can understand worrying about missing the bottom, but most people here don’t think it will rocket back up so you should have time to buy something which is a better fit long term…As mentioned before, transactions in real estate cost a lot of time and money so I know I wouldn’t buy something short term now, and then when kids come, be forced to find something else quickly again…
I wouldn’t bank on pricing changing too much in 6 months. A lot of the new home builders are really controlling their supply so will only build as much as they can to sell easily. Especially Pardee and CV so you are sorta stuck since they own all? (most) of the land out there. We looked at the Carriage Homes and I think they are still the same price as they were 2 years ago (low 700k? I think).
I’m probably in the minority camp that thinks the market is probably flat/slight down depending on area. There are enough piggs that have bought to make me think that way or it’s “close enough” for all those folks to buy themselves. However, I don’t think any of those bought homes in CV so maybe that area still has some room to fall.
I know the new places in 4S ranch were all selling same day and some of the earlier phases all sold out in an hour so the builder is probably not lying when they say they have enough folks on the waiting list already. Best bet is to just get yourself on the waiting list as well and go during a release day to see how quickly they sell. If you aren’t on the waiting list, you really don’t have a chance to even buy in Dec.
Inventory tends to drop come Sep so your choices become very limited in terms of resale homes so I’d probably wait longer if I was in your shoes…
Lastly, don’t worry too much about timing the exact bottom. No one can do that anyways, but from reading about your situation, you don’t really “need” more space or a SFH yet so until you do, might as well watch or rent instead, then save more now for something which will be a better fit maybe in a year or 2 instead and plan to stay for a longer time afterwards.
ParticipantI think I’ve read this before, but isn’t debt forgiveness only applied on the federal tax code and not state/California taxes?
ParticipantI think I’ve read this before, but isn’t debt forgiveness only applied on the federal tax code and not state/California taxes?
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