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June 12, 2007 at 4:02 AM in reply to: Need advice on the pros and cons of interest only loans #58610June 12, 2007 at 4:02 AM in reply to: Need advice on the pros and cons of interest only loans #58637
lostkitty
ParticipantRustico & Cyphire-
I found this site about a year and a half ago, and keep having to take breaks from it as well. Too much of a time sink, and VERY addiciting. It is like having a group of very intelligent indivduals in your living room chatting while you have other things you need to do. They just keep talking about interesting subjects, and you cannot HELP but join in!
I have found it very stimulating here (mentally! – mind your manners please), and the pithy banter is spreading into my regular face to face life as well. In short, i am becoming a big pain in the ass, no one understands what i am talking about half the time, and I am sharing my opinions a bit too readily. But… whatever!
Enjoy the break Rustico, but do come back.
K
ParticipantThanks for the compliment renterclint. : )
I am actually in the Northeast though… Upstate NY (hence, the ice and sliding cars reference – although for the past few months it has been sun and flowers). Good for you in leaving San Diego behind. That income thread in off-topic really hit home for me. People have a lot of money, and feel they shouldnt buy at those prices.
I dont even understand why anyone would stick around San Diego and try. Yes, weather is good, but what else?Traffic/roads? … nope, not good.
Town character/cool architecture? … nope (besides downtown LaJolla, Coronado & DelMar which are impossible to get in and out of because of … traffic!)
Good schools?… nope, not even close.
Good government/economy?… nope.
Good country clubs to join for connecting socially?…. nope – too expensive out there!
Good music/arts for the kids at school?… nope.
Nurturing community for kids? .. Like oh-my-god, like totally gag me! She is like SO fat! Did you see her shirt? Oh my god, I think she like bought it at like Target or something – eeewwwww…. Nasty trash girl!It is great for vacations and retirement, not for raising kids. Will be nice on old bones/joints to leave the house and have it be the same temperature constantly, but for that little house or condo, I can wait and save.
Good luck renterclint!
ParticipantThanks for the compliment renterclint. : )
I am actually in the Northeast though… Upstate NY (hence, the ice and sliding cars reference – although for the past few months it has been sun and flowers). Good for you in leaving San Diego behind. That income thread in off-topic really hit home for me. People have a lot of money, and feel they shouldnt buy at those prices.
I dont even understand why anyone would stick around San Diego and try. Yes, weather is good, but what else?Traffic/roads? … nope, not good.
Town character/cool architecture? … nope (besides downtown LaJolla, Coronado & DelMar which are impossible to get in and out of because of … traffic!)
Good schools?… nope, not even close.
Good government/economy?… nope.
Good country clubs to join for connecting socially?…. nope – too expensive out there!
Good music/arts for the kids at school?… nope.
Nurturing community for kids? .. Like oh-my-god, like totally gag me! She is like SO fat! Did you see her shirt? Oh my god, I think she like bought it at like Target or something – eeewwwww…. Nasty trash girl!It is great for vacations and retirement, not for raising kids. Will be nice on old bones/joints to leave the house and have it be the same temperature constantly, but for that little house or condo, I can wait and save.
Good luck renterclint!
Participant#1 Needed to move as the airline industry was tanking after 9/11 and we could see the handwriting on the wall – tough times ahead for pilots. (We were right, and pay was slashed by 44%!!! and we had to endure a short furlough during the next year or so) If we had stayed and had to weather that storm out in San Diego, our family would have suffered.
#2 We wanted a lower payment than that which you suggest for extra cash for savings and kids’ activities (in particular they have an expensive string-instrument habit… I mean hobby)
#3 Interest rates were not quite as low as that when we were looking to move. yes, we could have re-fi’d but, you telling me that is using 20/20 hindsight, and we do not make decisions for our family based on ‘hopes’ that interest rates will decrease. In early 2002 (when we left). Similarly, I would not have bought a house hoping to cash out and move up to a better one when prices increased. I already thought prices were out of line with reality in 2002 – at least my reality.
#4 When you add in taxes and maintenance, I think your $2500 is a lot low on a $500k house.
#5 In early 2002, there weren’t any $500k homes (that were large enough) in the areas we wanted to live. Some friends had just sold their nasty dark condo for 475K in Coronado near us. THAT is what we could have bought at the time. No thank you.
#6 We did not make quite as much at the time (close though), and our increased salary has come as a result of sticking in one place and making connections, and better job.
Participant#1 Needed to move as the airline industry was tanking after 9/11 and we could see the handwriting on the wall – tough times ahead for pilots. (We were right, and pay was slashed by 44%!!! and we had to endure a short furlough during the next year or so) If we had stayed and had to weather that storm out in San Diego, our family would have suffered.
#2 We wanted a lower payment than that which you suggest for extra cash for savings and kids’ activities (in particular they have an expensive string-instrument habit… I mean hobby)
#3 Interest rates were not quite as low as that when we were looking to move. yes, we could have re-fi’d but, you telling me that is using 20/20 hindsight, and we do not make decisions for our family based on ‘hopes’ that interest rates will decrease. In early 2002 (when we left). Similarly, I would not have bought a house hoping to cash out and move up to a better one when prices increased. I already thought prices were out of line with reality in 2002 – at least my reality.
#4 When you add in taxes and maintenance, I think your $2500 is a lot low on a $500k house.
#5 In early 2002, there weren’t any $500k homes (that were large enough) in the areas we wanted to live. Some friends had just sold their nasty dark condo for 475K in Coronado near us. THAT is what we could have bought at the time. No thank you.
#6 We did not make quite as much at the time (close though), and our increased salary has come as a result of sticking in one place and making connections, and better job.
Participantrenterclint – Here is a bit of the lunacy you'll leave behind (as per zip-re):
"Just staged!!Quiet gracious retreat right in rsf village, shows beautifully!! Close to everything. Large living rm w/fireplace, sunny atrium w/doors open to all main rooms. Lg kitchen w/breakfast dining, sep dr. Pvt walled patio, 2 car gargage – ready for move-in. Show your most discerning buyer.
6161 PASEO DELICIAS, Rancho Santa Fe
$1.275,000 – $1,375,000"
Oh JOY!!!! A 'JUST-STAGED' CONDO! With a walled-in patio. Check out the photos … this is a nasty looking place – for 1.3M. Not worth 200k. Revolting.
Participantrenterclint – Here is a bit of the lunacy you'll leave behind (as per zip-re):
"Just staged!!Quiet gracious retreat right in rsf village, shows beautifully!! Close to everything. Large living rm w/fireplace, sunny atrium w/doors open to all main rooms. Lg kitchen w/breakfast dining, sep dr. Pvt walled patio, 2 car gargage – ready for move-in. Show your most discerning buyer.
6161 PASEO DELICIAS, Rancho Santa Fe
$1.275,000 – $1,375,000"
Oh JOY!!!! A 'JUST-STAGED' CONDO! With a walled-in patio. Check out the photos … this is a nasty looking place – for 1.3M. Not worth 200k. Revolting.
June 8, 2007 at 9:18 AM in reply to: So I’m curious. How do you usually vote? Financially or Socially? #57879ParticipantSlackerboy-
You are right. TAX & SPEND is a much better approach than borrow & spend. Tax & spend keeps things current.
Keeps it real. Makes even the common man want to understand/investigate/appreciate what is happening in his goverment, because it affects his wallet today……
I used to feel a little bristly when someone would talk about tax & spend liberals. But your comment makes me think of it in a new light. I am now PROUD of the TAX & SPEND LIBERAL cliche. Thank you.
June 8, 2007 at 9:18 AM in reply to: So I’m curious. How do you usually vote? Financially or Socially? #57904ParticipantSlackerboy-
You are right. TAX & SPEND is a much better approach than borrow & spend. Tax & spend keeps things current.
Keeps it real. Makes even the common man want to understand/investigate/appreciate what is happening in his goverment, because it affects his wallet today……
I used to feel a little bristly when someone would talk about tax & spend liberals. But your comment makes me think of it in a new light. I am now PROUD of the TAX & SPEND LIBERAL cliche. Thank you.
ParticipantCONGRATULATIONS renterclint! You’ll be glad you did it (I am glad I did). I too am from SD north county coastal, and it was hard at first to accept that we couldnt afford to live there. We make plenty of cash, had a good amount of savings. Made no sense to me.
I really thought our move would be something to be ‘endured’, until we could get back into the SD housing market. But as time has gone on (been 5+ years now), I realize that life for us is actually much much BETTER here… even on the cold-icy-cars-sliding-around days.
Happy trails to you and your family…
KParticipantCONGRATULATIONS renterclint! You’ll be glad you did it (I am glad I did). I too am from SD north county coastal, and it was hard at first to accept that we couldnt afford to live there. We make plenty of cash, had a good amount of savings. Made no sense to me.
I really thought our move would be something to be ‘endured’, until we could get back into the SD housing market. But as time has gone on (been 5+ years now), I realize that life for us is actually much much BETTER here… even on the cold-icy-cars-sliding-around days.
Happy trails to you and your family…
KParticipantWe make plenty. About 4x’s the median (husband’s career), not counting my little 8 hr/wk 9 mo per year business +/-$12k (which all goes to paying for my kids’ extracurricular interests). I basically just stay home with kids.
Paid 330k for our big beautiful house in an unbelievably excellent public school system, gorgeous location. San Diego is beautiful (I grew up in Sol Beach/RSF/Del Mar so i know it well) – but it’s gone a bit manic depressive.
ParticipantWe make plenty. About 4x’s the median (husband’s career), not counting my little 8 hr/wk 9 mo per year business +/-$12k (which all goes to paying for my kids’ extracurricular interests). I basically just stay home with kids.
Paid 330k for our big beautiful house in an unbelievably excellent public school system, gorgeous location. San Diego is beautiful (I grew up in Sol Beach/RSF/Del Mar so i know it well) – but it’s gone a bit manic depressive.
ParticipantMinus the porno music, nice video!
Oranges, privacy/silence, tennis, and swimming… he really hit on all the things that make living in RSF enjoyable.
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