[livinincali]

[quote=bearishgurl]
Another consideration is that a corner lot also takes 2-4x month mowing and more water than a lot in the middle of the block.
[/quote]

You don’t have to mow illegal real grass in a couple of years, right? 😉

[livinincali]

[quote=FlyerInHi]Remember that it costs foreign reserves to defend a currency peg.
[/quote]

Only if you attempting to prop up the value of your currency. I.e. Russia with the Rubble was willing to sell foreign currency reserves to prop up the value of the Rubble. If you attempting to devalue you buy foreign currency reserves in exchange for your currency. To defend a peg it really matters whether the rest of the world thinks you currency is below market value of above market value. You buy foreign currency if they think your currency should be worth more (the case with china), you sell foreign currency if they think your currency should be worth less i.e. Venezuela, Russia, Ukraine.

[livinincali]

24 hour fitness got sold about a year ago to a private equity group and most of the purchase price was in debt financing. It wouldn’t surprise me if they are trying to boost revenues in this manner.

Your new rates are still probably still 3 or 4 times lower than what a new member would pay and at $4 month if you actually used it it was an incredible deal.

This reddit post seems to indicate in the fine print they can indeed do this and they have been doing it.

24 Hour Fitness Increasing "Lifetime" membership rate – is this legal? (California)
by u/FU24HrFitness in legaladvice

[livinincali]

[quote=flu]The news keeps talking about the potential of a currency war. What exactly is it? Do each country to to print more money and try to make their currency worth less to the other peers?…How does this work in the longer term?[/quote]

Check out https://en.wikipedia.org/wiki/Currency_war

A couple of general things.
1) The world really hasn’t experienced a true currency war since the 1930’s during the great depression.
2) Everyone cannot devalue against everyone else. For every nation that gets more competitive with lower exchange rates another must get less competitive. Countries would likely use tariffs and other trade protection mechanisms to combat this.
3) In general to lower your exchange rate you are willing to sell your currency in exchange for foreign currency or assets. Now granted other countries central banks can attempt to do this as well so if you want to fix an exchange rate you’d have to be willing to effectively sell unlimited amounts of your currency. For example the Swiss central bank tried to do this last year and gave up after about 6 months.

All in all it’s bad for the economy because businesses no longer have confidence to order and produce goods because they might get hammered by a currency devaluation. If you are going to be invested in a company during a currency war you’d definitely want to be invested in something that’s entirely dependent on domestic goods and services. Multinationals will likely suffer.

[livinincali]

[quote=FlyerInHi]
The biggest issue detractors bring up is Benghazi.

In all fairness, it’s all a mountain out of a molehill. Chris Stevens, the ambassador, wanted to go and engage with the locals. It was his choice; he didn’t have to go to Benghazi. I really don’t see how Hillary is responsible for his death.

I’ve talked to a couple people in the foreign service and they find the whole Benghazi conspiracy baffling.

The deaths were unfortunate and better coordination could have provided more security. But nothing like a conspiracy.[/quote]

There is a problem with what happened over there, but that’s not really my issue with it. My issue was the attempted cover up and they had to keep backtracking until you got a version that was at least believable. Just like this attempted cover up with the email server. Oh I din’t have any classified documents on that server, but now it seems like she did.

If you honestly believe in more progressive policy you should be championing a Bernie Sanders because I can pretty much guarantee Hillary ain’t going to do anything to advance progressive policy. She might do something superficial but nothing of substance. She’s she going to tell people what they want to here while enriching herself selling this country to the highest bidder (aka donation to the Clinton Foundation). For you I think all that matters is your team won. You don’t really care about the policy. You care about the D next to the name.

[livinincali]

[quote=FlyerInHi]Yes.

I think people not liking Hillary started when she said that she wasn’t baking cookies and that her name is Rodham-Clinton.

For those who don’t “like” Hillary, what is it that is not likable. Define it.[/quote]

For me it’s the countless lies and deceit. Not like any other politician is much better but her lies are particularly unbelievable. At least Trump seems to own what he said 20 minutes ago. Hilary is going to tell you how it was somehow out of context even as you play the tape back.

[livinincali]

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[livinincali]

It’s way too early but I think a Trump as Republican nominee v Hillary would be close right right now. If Trump runs as an independent Hillary wins in a landslide. College affordability is just a vote buying lie and pretty much everybody here knows it.

The big problem with Hillary is she just isn’t going to energize the same kind of fringe voters that actually might have voted the first time in their lives for Obama. The one thing she has going for her is that she is a she. If Hillary was a man with that record of deceit and lies she’d never get elected.

[livinincali]

Still buying into that global warming garbage. Notice how they’ve changed the marketing approach from global warming to climate change because the dire warming they were predicting doesn’t seem to be coming to fruition. I don’t see a whole lot of warming in these temperatures. Maybe you could make a case for a couples tenths of degree C in the past 30 years.

[livinincali]

It’s written in a language called ABAP that not too many people have experience with and most SAP business application deployments have a fair amount of customization in them. It’s a specialized role that can ebb and flow with economy. Lots of SAP deployments and customization you have people desperately trying to hire you. Slow down in the economy and nobody wants your ABAP skill set anymore.

[livinincali]

[quote=flyer]Just to clarify the “Academia” post. Family members I mentioned are in Academic Administration at the University level, which is the reason for the $200K+.

All admit they chose it because they enjoy it, and it provides a great income pretty much guaranteed for life (when you factor in their cool retirement package which they plan to take in their 50’s) + they all wanted to work and live in CA and found some great opportunities here.
[/quote]

Lol, and people wonder why college tuition and student loans are going to the moon.

[livinincali]

I wouldn’t list it for rent and for sale at the same time. If you aren’t getting any interest then your asking price is wrong, aka too high. If you aren’t willing to sell it for what the market will bare (probably close to 10% off your current asking price) then rent it out and wait until next year. Maybe prices will catch up by then or maybe you decide you can live with a lower price.

[livinincali]

[quote=ltsdd][quote=livinincali][quote=meadandale]
Cash only, 14oz “pints”, horrible service. They rely a lot on their location and a nearly mythical reputation that they haven’t actually merited in years.
[/quote]

For anybody that cares it’s not cash only anymore. I do remember when they were indeed one of the best fish tacos in town but now there’s just so many other places doing quality fish tacos.[/quote]

Do you care to share what those places are? I have tried the little taco shop across from soutbeach and was quite disappointed & don’t even waste your $ on the one that sits on the other end of the block. It’s ironic that the best fish tacos I’ve had is at SB (grilled mahi mahi & baja/pollock) & a close second is brigantine; and not at any of those “authentic” mexican taco shops.[/quote]

I personally like Blue Water or the Fish Shop in pb better than south beach now. I also like the Kikos truck on Friars road a little east of the YMCA in a parking lot with a liquor store. South beach on taco Tuesday/Thursday is hard to beat price wise if you get there early enough to avoid the massive crowd.

Of course pretty much all of these places share the same trait. They tend to be really busy most of the time.

[livinincali]

[quote=meadandale]
Cash only, 14oz “pints”, horrible service. They rely a lot on their location and a nearly mythical reputation that they haven’t actually merited in years.
[/quote]

For anybody that cares it’s not cash only anymore. I do remember when they were indeed one of the best fish tacos in town but now there’s just so many other places doing quality fish tacos.

[livinincali]

[quote=bearishgurl]
So for those who live in areas with many paid-off homes, it should be some consolation to know that your neighbor who paid off their $45K to $150K mortgage years ago likely did so after a lot of blood, sweat and tears. It was no easier for a homeowner to attempt to pay off $97K at 9-14% than it is to attempt to pay off $417K at 3-4% today, especially when factoring in the lower salaries of previous decades.[/quote]

That would be false. From 1980 to about 1995-2000 there was significant salary growth for you average working person. For example median household income went from 17K in 1980 to 33K in 1990 in san diego. So take a 70K mortgage at 10% in 1980 and the payments is 614/mo or about 40% of your income. That’s a lot initially but 10 years later that 600/mon payments was about 22% of you take home salary. Today there isn’t much expectation for real salary growth and if there were to be the case it’s unlikely rates would remain low.

San Diego may continue to become more unaffordable for the working citizens of the city but only if there’s significant migration of wealthier people into the city.

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