[millennial]

It’s hard for me to compare because my kids never went to schools in 4S ranch, however they went to Torrey Pines Elementary and they like Torrey Pines more. My older daughter is in Seminar and younger one has not taken the test yet. In terms of selling your house for the purpose of switching to an elementary school down the street I personally don’t think it’s worth it. Dingeman does get quite a bit of kids choiced in from the EBS school but I have also heard that EBS is a newer and better school. Either way, I think the difference is negligible, and schools are really a personal thing and should be beyond test scores. In addition, if your child does get into Seminar then you will have the choice to move to a different school district that provides Seminar programs.

To be quite honest, although the Seminar program has some good aspects I think the difference in curriculum and added value is very insignificant when compared to the other classrooms. Kids in the class are smart but almost every classroom at Dingeman is full of smart and above average kids evidenced by the school’s standardized test scores. In addition, the Seminar program is not funded or funded very little so most of the stem instruction comes from parent volunteers.

After middle school we are seriously thinking of removing my daughter from Seminar like many other parents do. I have heard that college admissions do not recognize the program and the increased difficulty of the curriculum can result in lower grades which negatively impacts college admissions. It’s a long way ahead but something also to think about in a few year.

[millennial]

From personal experience you should be fine. Each year there has been fewer than the required minimum and they have had to fill it up with kids that tested close, but did not qualify. I remember getting a flyer with the results which showed other Seminar schools within SD unified that your child can get into via open enrollment. I thought that you will have first crack at any of them if you want. I remember considering La Jolla elementary since we used to live there and my child still had friends there.

[millennial]

My daughter is currently in the Seminar program at Dingeman and enjoys it quite a bit. The class doesn’t go significantly faster than other classes, but the kids are generally more mature and seem more academically inclined than say when she was in a non seminar second grade class. We also like it since she is able to have the same kids in her class throughout the rest of elementary. This being said, I don’t think that moving just for the seminar program is worthwhile. The difference compared to a regular class is just not significant enough, especially if you don’t rely on the school to do all of the teaching. Hope this helps.

[millennial]

[quote=flu]
I know. That’s fine. Since I usually keep my cars until I drive them into the ground, the way I look at it is slightly more for slightly up front enjoyment amortizes into noise over 15-20 years. lol…[/quote]
Just buy it already, you only live once and you won’t remember the $1k or $2k you overpaid or underpaid on it.

[millennial]

If you have some time I would listen to this episode of This American Life from NPR. It’s a pretty good depiction of how the whole sales process works at dealerships from a salesman. https://m.thisamericanlife.org/radio-archives/episode/513/129-cars

[millennial]

[quote=bewildering][quote=millennial]So if the median person in San Diego can’t qualify for a conventional loan I’m assuming the majority of San diegans are renters.[/quote]

Retired folks might have a low income but own their home. They just bought a long time ago. The big advantage of buying a house is that a fixed mortgage ignores inflation.

I would actually love to see the median price ‘paid’ for all SFH in San Diego (Both nominal and real median price). I imagine the median ‘paid’ price for SFH would be in the low 200s.[/quote]
Good point forgot the retired folks. If that’s the case then the 5x median income wouldn’t really make sense in areas with significant appreciation

[millennial]

So if the median person in San Diego can’t qualify for a conventional loan I’m assuming the majority of San diegans are renters.

[millennial]

[quote=moneymaker]When was the last time an average household income in San Diego could afford a new SFH? Currently average HH income is $63,400 which if you use the 5 times income rule would translate into a house that sells for $317k. I know you can get a condo/mobilehome/RV for that but the question is when was the last time average person could afford a new SFH?
http://www.lao.ca.gov/reports/2015/finance/housing-costs/housing-costs.aspx%5B/quote%5D
Just doing a quick calculation the rule seems about right. Assuming that you made the average after tax and insurance you’re looking at around 30% debt to income assuming a 30/30 fixed at 4%

[millennial]

I don’t think that your calculation is right. There is a P component to the mortgage equation. If your calculation was right then 2% would be a 16x multiple and 1% would be 32x.

[millennial]

[quote=FlyerInHi]was by an Asian-American engineer. Who better than a foreign born engineer to understand what real Americana is about?[/quote]
You do realize that Asian-American basically just means an Asian who is American. It does not mean that he was born in asia and became American. I’m a third generation Asian American from Detroit who could tell you a lot about mustangs. My dad and I rebuilt a couple when I was young. Can you explain to me what your point is? I find it offensive that you consider a heritage who may have lived in the US for over 100 years not “American”. Is it just Asian Americans that you are questioning their american ness or does it include 3rd or 4th generation Irish, Spanish, and Italian Americans too?

[millennial]

[quote=The-Shoveler]

Secondly there is a construction worker shortage mainly because Millennials don’t seem to want to commit to learning construction trades.

Takes 3-5 years of dedication believe it or not to learn a trade.[/quote]
I don’t think you can blame Millennials for the current infrastructure which is a large reason for this. Maybe if boomer parents didn’t push college so much many kids wouldn’t take out $150k in loans to go to third tier colleges. Not sure if you can start trade school in 9th grade but maybe some parents should have told their little plumber that trade school might be the better way to go. In many other countries skilled trade labor and apprenticeship starts at a much younger age than here which helps countries like Germany and Japan have a strong working class.

[millennial]

[quote=FlyerInHi]
Educated young professionals are moving to big metros all over the world. One day we will be like Japan where prices in Tokyo at high but where the small towns are dying.[/quote]

I agree. I think values have shifted and will continue to shift. People are having less kids because they are no longer a necessity or part of the norm. Most of my friends aren’t married yet and will probably start marrying and having kids in their late 30’s/early 40’s. In places like Japan and Korea its been the norm for kids to live with their parents until they get married since housing is so expensive.

[millennial]

[quote=gzz]I am just telling you what the economists and demographers who study these issues for a living say.

Population growth is a pretty minor factor for housing prices that is easily outweighed by others. Del Mar’s population fell by 12% since 1980. How did real estate do during that time? ).[/quote]

Which economist? Do all agree, or just the ones you follow? Regarding pop growth being a minor factor, I agree to a certain extent. Long term though, a declining population is devastating to an economy which also affects many other areas including housing values. Also your example of Del Mar is not a very accurate depiction considering the infill location. I think places on outskirts would be more prone to devaluation.

[quote=gzz]
My comfort level and space requirements were largely set growing up in suburban 1960’s houses of about 2200sf on big lots. I did not like being more cramped when I first moved here. It was like a slight background anxiety was lifted when I moved to a bigger place with more space and privacy (and I could do so within budget).[/quote]

We can disagree, but I believe that just like money, home/habitat follows a u shaped curve with diminishing returns and actually takes away from happiness after a certain point. Malcolm Gladwell covered it in his latest book David and Goliath.

[millennial]

[quote=AN][quote=millennial]If that 11% is correct then it probably means exactly that. Still not sure how it relates to higher property values. I think it may also have to do with older people moving out and younger families moving in[/quote]It’s related by more affluent people can afford higher home price. It would be more worrisome if less affluent people move in AND price went up. Now, that would be recipe for disaster. More affluent people can afford more. Age doesn’t matter. $100k income is $100k income, regardless if you’re 25 or 65.[/quote]
Age does matter. If you have someone who’s old and bought the house in 1970 and have a dual income earning family move in you just increased the household income from 35k to 150k

[millennial]

[quote=AN][quote=Rich Toscano]To put some perspective on it, go look at the BLS per capita income data, which is not inflation adjusted.

From 2010 to 2015, nominal per capita income increased by over 21%. (Per capita is different from median household, but in terms of growth rates they are extremely similar).

To argue that nominal incomes from 2010-2015 increased less than 2% (no_such_reality) or that they decreased (AN) is way off base.[/quote]Why can’t you have both flat median household income and increasing per capita income?[/quote] you can if the bottom half doesn’t improve and the top half does

[Author]

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