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OwnerOfCaliforniaParticipant
Lastly, how does climate play into the fundamentals? Most places in the US have crummy waether compared to San Diego. That said, shouldn’t we pay a premium for year around good weather
Homes in SoCal have always been more expensive than most parts of the country, and I’m sure they always will be. As has been covered here on piggington, the weather didn’t suddenly grow to super-mega-awesome from 2000 to 2005.
Whenever this thing bottoms out, people will still pay a premium to live here compared to prices elsewhere.
OwnerOfCaliforniaParticipantLastly, how does climate play into the fundamentals? Most places in the US have crummy waether compared to San Diego. That said, shouldn’t we pay a premium for year around good weather
Homes in SoCal have always been more expensive than most parts of the country, and I’m sure they always will be. As has been covered here on piggington, the weather didn’t suddenly grow to super-mega-awesome from 2000 to 2005.
Whenever this thing bottoms out, people will still pay a premium to live here compared to prices elsewhere.
OwnerOfCaliforniaParticipantLastly, how does climate play into the fundamentals? Most places in the US have crummy waether compared to San Diego. That said, shouldn’t we pay a premium for year around good weather
Homes in SoCal have always been more expensive than most parts of the country, and I’m sure they always will be. As has been covered here on piggington, the weather didn’t suddenly grow to super-mega-awesome from 2000 to 2005.
Whenever this thing bottoms out, people will still pay a premium to live here compared to prices elsewhere.
OwnerOfCaliforniaParticipantThis being a purely academic discussion…gold would be $10,000/oz or greater, so I don’t think any fractional coins would be practical. A single 0.1 oz coin could buy too much. Silver would be a much better medium of exchange I think. The pre-1965 ‘junk’ silver quarters, dimes, and halves. As well as the bullion silver eagles, etc.
Storage will always be an issue. Silver would take a lot of volume and guarding it would be stressful and hazardous to your health.
OwnerOfCaliforniaParticipantThis being a purely academic discussion…gold would be $10,000/oz or greater, so I don’t think any fractional coins would be practical. A single 0.1 oz coin could buy too much. Silver would be a much better medium of exchange I think. The pre-1965 ‘junk’ silver quarters, dimes, and halves. As well as the bullion silver eagles, etc.
Storage will always be an issue. Silver would take a lot of volume and guarding it would be stressful and hazardous to your health.
OwnerOfCaliforniaParticipantThis being a purely academic discussion…gold would be $10,000/oz or greater, so I don’t think any fractional coins would be practical. A single 0.1 oz coin could buy too much. Silver would be a much better medium of exchange I think. The pre-1965 ‘junk’ silver quarters, dimes, and halves. As well as the bullion silver eagles, etc.
Storage will always be an issue. Silver would take a lot of volume and guarding it would be stressful and hazardous to your health.
OwnerOfCaliforniaParticipantThis being a purely academic discussion…gold would be $10,000/oz or greater, so I don’t think any fractional coins would be practical. A single 0.1 oz coin could buy too much. Silver would be a much better medium of exchange I think. The pre-1965 ‘junk’ silver quarters, dimes, and halves. As well as the bullion silver eagles, etc.
Storage will always be an issue. Silver would take a lot of volume and guarding it would be stressful and hazardous to your health.
OwnerOfCaliforniaParticipantThis being a purely academic discussion…gold would be $10,000/oz or greater, so I don’t think any fractional coins would be practical. A single 0.1 oz coin could buy too much. Silver would be a much better medium of exchange I think. The pre-1965 ‘junk’ silver quarters, dimes, and halves. As well as the bullion silver eagles, etc.
Storage will always be an issue. Silver would take a lot of volume and guarding it would be stressful and hazardous to your health.
OwnerOfCaliforniaParticipantI spent last summer working in Pasadena, and as many of you are probably aware it is a very walkable community. I did not drive up there to work; I took the Amtrak to and from downtown LA on Mondays and Fridays, and used the Gold Line metro-rail to get to and from Pasadena. Everything was within walking distance from the hotel. Food, entertainment, shopping, whatever. (I used the bus to get to my customer’s site since it was a bit further, only a 10-minute ride).
This is basically a dream community for me; very walkable, very little need for a car. Quite the contrast from living at the end of a cul-de-sac and being hopelessly car dependent to do anything. I’ve long held a contrarian notion that maybe in the future these dense, walkable communities will fare quite well. The condo glut in downtown San Diego and elsewhere may seem bad now, but our energy and transportation woes will intensify and the personal motor-coach will transition from a convenience to a liability.
I can’t speak for the specific property mentioned above; it does look like a pathetic flip attempt. But future price strength in these communities will not surprise me.
OwnerOfCaliforniaParticipantI spent last summer working in Pasadena, and as many of you are probably aware it is a very walkable community. I did not drive up there to work; I took the Amtrak to and from downtown LA on Mondays and Fridays, and used the Gold Line metro-rail to get to and from Pasadena. Everything was within walking distance from the hotel. Food, entertainment, shopping, whatever. (I used the bus to get to my customer’s site since it was a bit further, only a 10-minute ride).
This is basically a dream community for me; very walkable, very little need for a car. Quite the contrast from living at the end of a cul-de-sac and being hopelessly car dependent to do anything. I’ve long held a contrarian notion that maybe in the future these dense, walkable communities will fare quite well. The condo glut in downtown San Diego and elsewhere may seem bad now, but our energy and transportation woes will intensify and the personal motor-coach will transition from a convenience to a liability.
I can’t speak for the specific property mentioned above; it does look like a pathetic flip attempt. But future price strength in these communities will not surprise me.
OwnerOfCaliforniaParticipantI spent last summer working in Pasadena, and as many of you are probably aware it is a very walkable community. I did not drive up there to work; I took the Amtrak to and from downtown LA on Mondays and Fridays, and used the Gold Line metro-rail to get to and from Pasadena. Everything was within walking distance from the hotel. Food, entertainment, shopping, whatever. (I used the bus to get to my customer’s site since it was a bit further, only a 10-minute ride).
This is basically a dream community for me; very walkable, very little need for a car. Quite the contrast from living at the end of a cul-de-sac and being hopelessly car dependent to do anything. I’ve long held a contrarian notion that maybe in the future these dense, walkable communities will fare quite well. The condo glut in downtown San Diego and elsewhere may seem bad now, but our energy and transportation woes will intensify and the personal motor-coach will transition from a convenience to a liability.
I can’t speak for the specific property mentioned above; it does look like a pathetic flip attempt. But future price strength in these communities will not surprise me.
OwnerOfCaliforniaParticipantI spent last summer working in Pasadena, and as many of you are probably aware it is a very walkable community. I did not drive up there to work; I took the Amtrak to and from downtown LA on Mondays and Fridays, and used the Gold Line metro-rail to get to and from Pasadena. Everything was within walking distance from the hotel. Food, entertainment, shopping, whatever. (I used the bus to get to my customer’s site since it was a bit further, only a 10-minute ride).
This is basically a dream community for me; very walkable, very little need for a car. Quite the contrast from living at the end of a cul-de-sac and being hopelessly car dependent to do anything. I’ve long held a contrarian notion that maybe in the future these dense, walkable communities will fare quite well. The condo glut in downtown San Diego and elsewhere may seem bad now, but our energy and transportation woes will intensify and the personal motor-coach will transition from a convenience to a liability.
I can’t speak for the specific property mentioned above; it does look like a pathetic flip attempt. But future price strength in these communities will not surprise me.
OwnerOfCaliforniaParticipantI spent last summer working in Pasadena, and as many of you are probably aware it is a very walkable community. I did not drive up there to work; I took the Amtrak to and from downtown LA on Mondays and Fridays, and used the Gold Line metro-rail to get to and from Pasadena. Everything was within walking distance from the hotel. Food, entertainment, shopping, whatever. (I used the bus to get to my customer’s site since it was a bit further, only a 10-minute ride).
This is basically a dream community for me; very walkable, very little need for a car. Quite the contrast from living at the end of a cul-de-sac and being hopelessly car dependent to do anything. I’ve long held a contrarian notion that maybe in the future these dense, walkable communities will fare quite well. The condo glut in downtown San Diego and elsewhere may seem bad now, but our energy and transportation woes will intensify and the personal motor-coach will transition from a convenience to a liability.
I can’t speak for the specific property mentioned above; it does look like a pathetic flip attempt. But future price strength in these communities will not surprise me.
OwnerOfCaliforniaParticipantFor those you who are still not convinced of the severity of our oil depletion problem, I encourage you to watch the following video. Surely you will find the ‘body’ of evidence presented overwhelming:
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