[moneymaker]

Just saw some video footage of the hangers and they looked pretty darn thick (i.e. fortified 3 feet of concrete?). Heard 23 of the missiles made it to target wonder what happened to the other 36 missiles? Did Russia shoot them down? I could see 1 not making it to target but not 36 of them.

[moneymaker]

Well said flyer, i do believe the PTB could make it economically feasible to build smaller houses via the permit process perhaps. I opted for an older house over a cookie cutter small yard with HOA type. There is still plenty of land out there but I’m not a builder so don’t know why these pieces of land just sit. Just drank a “battery operated screw driver” so I should probably quit typing, made the grapefruit juice from grapefruits I got in Borrego Springs.

[moneymaker]

Checked it out and although good, not exactly what I’m looking for. Like having no commercials/teasers but only had a couple of stories and no street reporting.

[moneymaker]

Yes I’ll check out the 6:30-7 news, looks like the guy jumped and only sustained minor injuries. That’s the difference between landing on a sloped dirt embankment and hitting hard concrete.

[moneymaker]

Yes. When the first CEO gets replaced by AI, then all things will fall apart.

[moneymaker]

I too am a home owner, however I don’t plan on selling anytime soon, so the run up has no effect on my personal outlook.

[moneymaker]

I tried a couple of months ago to get an OTD price for last years model motorcycle (2015). I could tell they were wanting it gone because the quoted price was already heavily discounted, unfortunately they were unwilling/unable to quote an OTD price which is all i was looking for. My strategy was to buy it with a credit card that was offering a special deal and then pay it off. The card had a limit which I needed to make sure the bike didn’t exceed. Unfortunately/or not, the deal fell through. The bike had a top speed that was 40 mph faster than my current bike, so maybe I would not be here had the deal gone through. There’s always next year!

[moneymaker]

Last car I bought (on impulse) was $500 below sticker. That was a Miata MX-5 Grand Touring. My older Ford F-150 Lariat 4X4 had a sticker price of around $43k, if I remember correctly, and I got it for $29k (brand new) with the 35 gallon gas tank that I wanted. I hate haggling with car salesmen but in both these cases it went pretty smooth. The truck I bought online and I was literally in the dealership for less than 15 minutes, it was the most painless (fun) vehicle buying experience I’ve had to date.

[moneymaker]

Seems to be missing quite a few data points but gives an overall good indication.

[moneymaker]

I realize my original post is not 100% logical, if house prices just keep up with inflation and interest rates rise from here on then now, and I mean right now, might have been a good time to buy, but going forward with rates potentially going up and house prices not softening then I would say no, it’s not a good time. I guess I just want to be the first in a while to say we are in a bubble. It feels like 2003/2004 all over again with differences of course. Fewer ARM’s most flippers being REIT’s and have to prove income for individuals/households. Don’t know what will pop this bubble, but I know it will deflate at some point. And as to house prices dropping only 15%, that would mean you would only save about $1000 on the average home reassessment,which would be a smaller savings.

[moneymaker]

[quote=spdrun]
Thirdly, a 7-10% of SD County’s population are people who could be directly affected by immigration policy, hitting rental demand at the lower end.[/quote]

Not sure where you got this from spdrun but I suspect the numbers could be way higher. If Donald deported all illegals living in San Diego I believe it would bring down rents in San Diego due to the number of vacancies. I don’t see this happening, but is something that is possible.
Now if rents were to drop, would that affect home prices? Is there any anecdotal evidence out there? Almost not worth worrying about, but none the less a very interesting point that I had not even considered.

[moneymaker]

Yes it did Rich. Got my house for 46% of the bubble price. I think the best way to predict future home prices is to look at the rate of change in incomes. If incomes start to curve up then 4-5 years later home prices also go up. Makes sense as good income is needed over a period of time to save for down payment.

[moneymaker]

How old is your place flu? Just wondering because it sounds like the termites were having a feast.

[moneymaker]

I think there are a lot of factors that were left out of the article. Many people that were making money back in the last boom were plowing it back into the market or spending it foolishly. I think it will be a very volatile year, but the people who are smart with there money will be okay. I don’t think the root cause of the last bust was the adjustable mortgages so much as the job losses and I’m still not convinced that Trump can bring good paying jobs back, but I hope he can help. Could be a brutal year for healthcare as they have had over justified growth recently.

[moneymaker]

Don’t remember having a lot of toys as a kid, remembering a lot of them getting broke and then tossed. Am an avid tool collector however as is my brother and as was my dad and his dad before him, must be genetic. Have always rationalized that it is cheaper to buy a tool and fix it myself than to pay someone else to fix it.

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