[Ozzie]

Dropped out of Big Ten school 20 years ago. Did well in several software companies in the 80’s/90’s. Stopped working to invest/slack off (which I’m good at – slacking that is). Made over $500k last year but will probably make less than 100k this year.

Live below my means. Think North County is prety much Heaven compared to where I grew up.

[Ozzie]

No I don’t have a link, but I’m friends with about 30-40 teachers in the EUSD/SDUHS districts. One has been teaching 30 years and told me the teachers in his school are the best he’s ever seen. The other thing he told me which realy stuck was he felt honored to teach at this school because so many teachers apply but very few get chosen. That’s a great definition of a good school. The teachers are begging to get in. BTW, he gets up at 4:00 every morning to begin his day and is probably the last to leave the school. I’m honored he was able to instruct my two daughters.

[Ozzie]

No I don’t have a link, but I’m friends with about 30-40 teachers in the EUSD/SDUHS districts. One has been teaching 30 years and told me the teachers in his school are the best he’s ever seen. The other thing he told me which realy stuck was he felt honored to teach at this school because so many teachers apply but very few get chosen. That’s a great definition of a good school. The teachers are begging to get in. BTW, he gets up at 4:00 every morning to begin his day and is probably the last to leave the school. I’m honored he was able to instruct my two daughters.

[Ozzie]

I’m not participating after reading the WSJ article on Schwartzman (sp?) earlier this week. Also, the WSJ article yesterday detailing why 17 underwriters are involved reminds me of the dot com mess where analysts wouldn’t tell the truth for fear of retribution.

[Ozzie]

I’m not participating after reading the WSJ article on Schwartzman (sp?) earlier this week. Also, the WSJ article yesterday detailing why 17 underwriters are involved reminds me of the dot com mess where analysts wouldn’t tell the truth for fear of retribution.

[Ozzie]

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Schools are only as good as the parents of the children in that school, and more parents in higher end areas are actively invloved. It’s a fact. Ask any educator and they will tell you that you can have the best teachers in the world, but if the parents aren’t invloved in their kids’ education then bad things happen. To that end the schools in RSF, Encinitas, CV, Del Mar, Poway, etc. will be great in 10, 20, and 30 years from now. Show me the zip codes with the highest median prices and I’ll show you where the best schools are. In most areas of California, schools in the inner city get more $ per pupil than in North County, but the parents make up the difference in time and money.

And don’t think for a second that schools don’t help or hurt real estate. Ask any agent selling new homes and the school district question is far and away the #1 question they get asked.

[Ozzie]

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Schools are only as good as the parents of the children in that school, and more parents in higher end areas are actively invloved. It’s a fact. Ask any educator and they will tell you that you can have the best teachers in the world, but if the parents aren’t invloved in their kids’ education then bad things happen. To that end the schools in RSF, Encinitas, CV, Del Mar, Poway, etc. will be great in 10, 20, and 30 years from now. Show me the zip codes with the highest median prices and I’ll show you where the best schools are. In most areas of California, schools in the inner city get more $ per pupil than in North County, but the parents make up the difference in time and money.

And don’t think for a second that schools don’t help or hurt real estate. Ask any agent selling new homes and the school district question is far and away the #1 question they get asked.

[Ozzie]

The Bay Collection is just West of El Camino Real and offers nice ocean views. I have friends that lived in the Composer District. The ones that didn’t have kids or school-aged kids loved it.

My housing choice was dictated by my kids. I wanted them to grow up close enough to the Beach but in a community where they can walk outside and find their friends right there versus having to hop in the car. Also wanted Encinitas/SDUHS schools. La Costa Valley has worked well for us. I’m sure LC Oaks, etc. are also great for families.

[Ozzie]

The Bay Collection is just West of El Camino Real and offers nice ocean views. I have friends that lived in the Composer District. The ones that didn’t have kids or school-aged kids loved it.

My housing choice was dictated by my kids. I wanted them to grow up close enough to the Beach but in a community where they can walk outside and find their friends right there versus having to hop in the car. Also wanted Encinitas/SDUHS schools. La Costa Valley has worked well for us. I’m sure LC Oaks, etc. are also great for families.

[Ozzie]

I like the flexibility of the I/O. I’m an investor in different enterprises (some RE developments, some startups, etc – my wife says, “what exactly do you do?”) so when a good opportunity arises I need to be able to fund it quickly. Right now I have a good deal of cash so I’m applying extra cash to the principal which is probably dead money for the next few years, but it pays down the loan balance a bit. I’ll move in about 10 years when the kids get out of college. I guess it would be good to have the house paid off, but I think I can put the money into assets that should appreciate 3-5x traditional housing returns. If this decline is like past ones we’re about 2 years into a 6-8 year decline. After that I think prices will begin another climb where prices double from the bottom in about 5 years. If I play my cards right I’d like to buy my retirement house in about 3-4 years at the bottom and then unload my current home as prices start going up again.

Of course life never goes as planned…..

[Ozzie]

I like the flexibility of the I/O. I’m an investor in different enterprises (some RE developments, some startups, etc – my wife says, “what exactly do you do?”) so when a good opportunity arises I need to be able to fund it quickly. Right now I have a good deal of cash so I’m applying extra cash to the principal which is probably dead money for the next few years, but it pays down the loan balance a bit. I’ll move in about 10 years when the kids get out of college. I guess it would be good to have the house paid off, but I think I can put the money into assets that should appreciate 3-5x traditional housing returns. If this decline is like past ones we’re about 2 years into a 6-8 year decline. After that I think prices will begin another climb where prices double from the bottom in about 5 years. If I play my cards right I’d like to buy my retirement house in about 3-4 years at the bottom and then unload my current home as prices start going up again.

Of course life never goes as planned…..

[Ozzie]

Just to clarify, all I/O loans give you the option to pay principal. I pay about $1200 of additional principal each month which is actually more than what the 30 year amortized payment would be. As far as I know there is no way to tell what the actual loan balance on individual loans are until they get paid off. I assume this because I get solicitations almost daily and they assume my loan balance is the original loan amount which it is not.

[Ozzie]

Just to clarify, all I/O loans give you the option to pay principal. I pay about $1200 of additional principal each month which is actually more than what the 30 year amortized payment would be. As far as I know there is no way to tell what the actual loan balance on individual loans are until they get paid off. I assume this because I get solicitations almost daily and they assume my loan balance is the original loan amount which it is not.

[Ozzie]

There’s no liquidity in CME housing futures. Stay away.

[Ozzie]

There’s no liquidity in CME housing futures. Stay away.

[Author]

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