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no_such_reality
ParticipantI think it’s likely that, in the very long run, Southern California home prices will be driven by what people in the very top layer of mobile world society can afford.
I disagree. Once they’re mobile, they aren’t buying a tract home in Irvine, La Costa, or Oceanside.
They’ll spend 3-6 months on Hawaii, 3-6 months in Buenos Aires, 3-6 months outside Lisbon, 3-6 months in Greece or Turkey, 3-6 in Thailand, 3-6 months in Australia, 3-6 months in Indonesia, 3-6 oonths in coastal France, 3-6 months in Coastal Italy, 3-6 months in Costa Rica, 3-6 months in Brazil, 3-6 months outside Johannesburg, 3 months for a summer in Norway, 3 months in Amsterdam, 3 months in Ireland, on and on and on…
ParticipantI think it’s likely that, in the very long run, Southern California home prices will be driven by what people in the very top layer of mobile world society can afford.
I disagree. Once they’re mobile, they aren’t buying a tract home in Irvine, La Costa, or Oceanside.
They’ll spend 3-6 months on Hawaii, 3-6 months in Buenos Aires, 3-6 months outside Lisbon, 3-6 months in Greece or Turkey, 3-6 in Thailand, 3-6 months in Australia, 3-6 months in Indonesia, 3-6 oonths in coastal France, 3-6 months in Coastal Italy, 3-6 months in Costa Rica, 3-6 months in Brazil, 3-6 months outside Johannesburg, 3 months for a summer in Norway, 3 months in Amsterdam, 3 months in Ireland, on and on and on…
July 9, 2007 at 10:20 AM in reply to: House I am renting is about to go into pre-foreclosure – what to do? #64771ParticipantThis discussion, almost verbatim has occurred several times on Piggington. Start with talking with a tenant lawyer.
Here’s one previous mention.
July 9, 2007 at 10:20 AM in reply to: House I am renting is about to go into pre-foreclosure – what to do? #64831ParticipantThis discussion, almost verbatim has occurred several times on Piggington. Start with talking with a tenant lawyer.
Here’s one previous mention.
ParticipantConspicuous mindless consumption sponsored by home equity.
That’s the assumption. Some can afford them, but in general, one of two things is likely true for the majority:
1. they’re living beyond their means and we all get to pay the price.
2. there is a massive amount of lying about income going on and we all get to pay the price since they aren’t paying their fair share of taxes.
ParticipantConspicuous mindless consumption sponsored by home equity.
That’s the assumption. Some can afford them, but in general, one of two things is likely true for the majority:
1. they’re living beyond their means and we all get to pay the price.
2. there is a massive amount of lying about income going on and we all get to pay the price since they aren’t paying their fair share of taxes.
ParticipantTwo thoughts:
1. Don’t pay your income tax, you’ll find out how unsuccessful debate of the legality is.
2. Think of the alternatives. We could replace income tax with an asset tax. Imagine a National Real and Intangiable Property tax of 3% on the assessed value of your home, car, boat, stocks, bonds, CDs, mutual funds, 67 inch LCD TV…
ParticipantTwo thoughts:
1. Don’t pay your income tax, you’ll find out how unsuccessful debate of the legality is.
2. Think of the alternatives. We could replace income tax with an asset tax. Imagine a National Real and Intangiable Property tax of 3% on the assessed value of your home, car, boat, stocks, bonds, CDs, mutual funds, 67 inch LCD TV…
ParticipantHe gets a year, she gets probation.
The year for the assault is fine, the probation for her is a joke.
Hopefully, while they have him locked up, the DA can complete whatever research they need to complete to figure out if those two are guilty of anything else.
ParticipantHe gets a year, she gets probation.
The year for the assault is fine, the probation for her is a joke.
Hopefully, while they have him locked up, the DA can complete whatever research they need to complete to figure out if those two are guilty of anything else.
ParticipantYeah, but how are those rents going to hold up when there are 6000 empty brand new condos in downtown?
I remember buying my place last down cycle, I moved from renting a unit to owning a unit. Rent was $1450, owning with 10% down was $1150.
ParticipantYeah, but how are those rents going to hold up when there are 6000 empty brand new condos in downtown?
I remember buying my place last down cycle, I moved from renting a unit to owning a unit. Rent was $1450, owning with 10% down was $1150.
Participantreally? It’s R1 and only 6500 sf. The value of the land is the value of the resale price for the home that can be built on it. As stuff slows, custom build will drop back below $200/sf. Builder new buildout will be in the sub-$100 range, like Phoenix and Texas.
So, you put a new 2500 sf house on this lot sucking up most of the land for the house and garage, what’s the resale going to be? $450K? That puts a pretty nasty cap on the value of the lot. Is there anything that makes this lot better than any other lot in San Diego?
Participantreally? It’s R1 and only 6500 sf. The value of the land is the value of the resale price for the home that can be built on it. As stuff slows, custom build will drop back below $200/sf. Builder new buildout will be in the sub-$100 range, like Phoenix and Texas.
So, you put a new 2500 sf house on this lot sucking up most of the land for the house and garage, what’s the resale going to be? $450K? That puts a pretty nasty cap on the value of the lot. Is there anything that makes this lot better than any other lot in San Diego?
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