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mydogsarelazy
ParticipantHi La Jolla Renter, and others,
Since I started this thread — only to be accused or being another Suze Orman — maybe I should mention some of my lifetime financial highlights.
1. Said “yes” to every credit card offer on earth while completing grad school.
2. Bought painting by up and coming artist for $5, but then sell it under pressure a few months later. Current value $2-3 million.
3. Build up massive debt, assisted by first wife who likes $150 haircuts.
4. Bankruptcy at 40.
5. Wife leaves during medical crisis, gets house.
6. Wise up, buy real estate, marry fiscally conservative wife.
7. Cash in on real estate, and realize it took quite a while to learn to really handle money.
8. Give preachy advice to others.
JS
ParticipantHi Malfred,
I also graduated from Stanford, with distinction, and should point out to you that you meant to say well-meaning, not well-meaninged.
You commented:
“I think that you sound a little bit like Suze Orman with your well-meaninged yet somewhat cookie cutter advice. Your advice is perfect for a person of average ambition and intelligence who is at constant risk of making a bad decision.”
So I gather you are above the fray?
My advice is heartfelt, and represents my own wisdom, gained the hard way.
Why don’t you drop by this forum in 25 years or so and let me know how things have worked out for you.
JS
ParticipantHi All,
I am reading and appreciating all your comments. It does sound like some of you have dealt with some of the same friendship challenges I have.
Did I mention that I am liberal agnostic/buddhist living in a conservative area (Murrieta) so that makes finding local friends even more of a challenge.
I think I am going to take to heart the advice of working at this a bit, and maybe throwing a dinner party or two.
Perhaps I will try a Piggington get-together sometime as this group seems to have many great folks.
Should mention, my wife is running a meetup.com mom’s group and she is making many new friends that way.
JS
Participant[img_assist|nid=1537|title=That worked|desc=Thanks! That did it.|link=node|align=left|width=400|height=300]
Participant[img_assist|nid=1550|title=drowning|desc=|link=node|align=left|width=400|height=300]
Participant[img_assist|nid=1593|title=mypain|desc=|link=node|align=left|width=400|height=300]
ParticipantHi lendingbubbleco,
The apology is appreciated.
This board is a lot of fun — most of the time — and I am glad that my posts are contributing to it all.
I grew up in an affluent part of Southern California in a home that it would now take me a lottery win and three extra jobs to afford. I didn’t appreciate it, didn’t appreciate the beach, didn’t appreciate what it took may parents to make it all happen.
There isn’t a community in any price range that doesn’t have problems and every community is going to be hit by the problems of over-indebted families coping with upside-down properties. I always thought of myself as a “homeowner” until a a few years ago when I realized that I was more of a speculator, just like everyone else.
I love our big new tract home, hate the insane traffic, wish the beach was closer and worry for California. I would imagine that you do too.
JS
ParticipantHi lendingbubbleco,
In previous post you said:
“People are going to one day wake-up from their comas and go “Oh, my God, I live in TEMECULA/MURRIETA/LAKE ELSINORE!!!…somebody PLEASE KILL ME”
Do I need to explain why I found that insulting?
Also, you stated that you thought that few students from this area would be going on to Ivy League schools. I don’t know about other top schools, but three years ago my wife and I gave the Stanford Alumni Association farewell party for Temecula area Stanford freshmen, and there were five.
We don’t actually lunch with Warren Buffet, but a guy who beat me up in fourth grade did go on to become Sharon Stone’s first husband.
JS
ParticipantHi lendingbubbleco,
I think your Frasier Crane issues are showing…
As far as your ideas about what kind of people live in Temecula, I don’t have time to argue with you. Need to get to be early, as tomorrow we catch the netjet at French Valley so we can make it to Aspen for lunch with Warren Buffet and his new wife before they leave for Davos.
We hear from Steven Spielberg that she is just lovely!
JS
ParticipantHello There,
Just a Murrieta/Temecula resident having to say something about the “Try 60, 70, 80% in these areas” comment.
I am on this board because I agree that there is a bubble and that real estate values are heading for a big correction. Still, I think 60-80% is something that we would only see in a very extreme situation related to — you name it — a true depression, national catastrophe, nuclear calamity.
Living where I do I see just how many people are waiting to be homeowners and to raise their families. There are great public schools here, and more and more things to do. As the bubble deflates there will be plenty of people holding their breath and going through escrow. We also have dirt, meaning that there is more development to come, and new homes are an attraction for many.
Put me down as a “Murrieta/Temecula is going to decline 30%” Piggingtonian moderate.
JS
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Participant[img_assist|nid=1550|title=drowning|desc=|link=node|align=left|width=400|height=300]
ParticipantThe T-shirt thread with Mr. Bubble got me thinking…
Where I live (Murrieta) I see those starbursts on so many real estate signs now, most of them saying “Price Reduced” rather than “Too Late” like they said a year ago.
It just looks like something bursting, doesn’t it?
What other words might work on these? With the magic of Photoshop anything is possible…
JS
ParticipantGot it.. THANKS![img_assist|nid=1537|title=That worked|desc=Thanks! That did it.|link=node|align=left|width=400|height=300]
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