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September 11, 2007 at 8:57 AM in reply to: OT: Can anyone recommend a Audi/VW mechanic/specialist (except the stealerships) #84163
patientlywaiting
ParticipantFLU, auto labor charges are by the book. They are standardized charges based on the make and year of the vehicle. They don’t charge for actual time even if it’s more or less than the actual time they spend on your car.
If a lawyer can charge $300/hr and an IT consultant can charge $200 plus expenses, then it’s reasonable to me that an auto mechanic charges $85/hr. $400 for a brake job is not expensive if it includes the pads.
September 10, 2007 at 1:05 PM in reply to: After all the recent mud slinging this article is a much needed diversion… #84065ParticipantLOL, at least lawyers and marriage counselors will get to cash in on the real estate bust.
“I’m leaving him,” she said. “He’s grouchy all the time. I want a guy who’s rich and cheerful all day and all night. Why should I have to suffer because his business is bad?”
“He’s your husband,” I said. “You have to stick by him.”
“Why? I want to laugh and have fun, and he’s in a bad mood for months on end. I didn’t make this mortgage mess, and I don’t see why I should have to suffer for it.”
“It won’t last,” I said. “It never does.”
She suddenly looked much more upbeat. “How long until the market turns around?” she asked expectantly.
“Maybe six years,” I said.
She looked staggered. “That’s it,” she sighed. “I want you to start looking for a rich husband for me who’s going to stay rich no matter what. Tell him I’ll be a really great wife.” (She has a killer sense of humor so I am praying she’s kidding.)
September 10, 2007 at 12:55 PM in reply to: After all the recent mud slinging this article is a much needed diversion… #84064Participantwh, thanks. I love back to the future stories.
ParticipantI wish the Realtor would stick to selling and quit advising and pretending they care.
If they give financial advice they should be held to the same (higher) standards as stockbrokers/financial advisors.
It’s already clear that they only care about their commissions.
It’s a good idea to do all busines with Realtors by email. You have evidence to sue them if their promises don’t pan out
ParticipantHumidity causes mold and is bad for your clothes, drapery, mattresss, etc… Ideally the bathroom would have a strong exhaust fan.
All bathrooms should be on the side of the house with a window to evacuate the smell. A bathroom should never be smack in the middle of the house.
I agree that the secondary baths should have vanity areas for the girls. These days, a new house should have a bathroom for each bedroom.
Some mc mansions now have snoring room so the snoring spouse can decamp to that smaller bedroom in the middle of the night.
September 8, 2007 at 1:36 PM in reply to: Countrywide announces possible layoff of additional 12,000 #83875Participant12,000 is only the beginning. Countrywide needs to layoff 40,000, shrink and right-size in order to survive.
Look for Thousand Oaks to be hammered. It’s very Carmel Valley like to me.
Amgen and Countrywide both laying off.
Note that this NPR report is before the 12,000 layoff announcement.
http://www.npr.org/templates/story/story.php?storyId=13972673Once the venture capital dries up and more and more drugs go generic, the biotech sector will be hit hard.
This is only the beginning of layoff induced hard times.
1. Subprime = price drops
2. Alt-A = more price drops
3. Prime = more price drops
4. Fraud and Lies = more price drops
5. Foreclosures to market = more price drops
6. Layoffs = more price drops
7. More foreclosures = more price dropsParticipantFine prints from the Standard Pacific website. How many do you think that they’ll sell in San Diego? This is a joke of a promotion.
*The 30-year fixed interest rate of 5.375% (5.966% APR) has a maximum loan amount of $417,000. Based upon a sales price of $438,948 with 5% down payment, the monthly principal and interest payments are $2335.08. Monthly taxes, HOA, mortgage insurance and hazard insurance are additional and are not including in the above payment. Interest rate, loan program, sales price and payments are estimates only and are subject to change without notice. Restrictions may apply.
ParticipantI agree with gn about SEH. For that money, better to buy a resale in a better area such as RSF, Fairbanks or the Farms. A new tract home requires landscaping and improvements that will add to the cost.
SEH is not a multi-million dollar neighborhood. Do you want to pay $2 million and have your children hang out with the riff raffs?
ParticipantLooks like Cosmopolitan Square went into default. That’s a pretty big project to go bankrupt.
This foreclosure calls into question the financial viability of this corportation, because in relation to the 39 story project, the $16 million loan on the land is small potatoes.
http://www.simploncorporation.com/
701 Island Ave # 2A
San Diego, CA 92101
(619) 595-0040According to their website, looks like they moved to:
Downtown Office
704 “J” Street
San Diego, CA 92101
Tel: (619) 595-0040
Fax: (619) 595-0049La Jolla Office
1266 Prospect Street
La Jolla, California 92037
Tel: (858) 454-3794
Fax: (858) 456-2560http://www.ccdc.com/index.cfm?fuseaction=projects.projectDetail&propertyID=575
September 6, 2007 at 8:57 PM in reply to: San Diego Inventories flat year over year . . . other southwest/Calif. markets all higher. Why? Is SD near a bottom? #83663ParticipantYou’re right JWM, all the data is there. The MSM provides it to us everyday (reset charts, defaults, etc.. ) If not, look at the mls listings languishing on the market with reductions upon reductions. The short sales, the foreclosures, etc…
Even areas of the country with “affordable” housing are foreclosure centrals. The easy money spigot has only began to be turned off. 2 to 3 million foreclosures are expected. How anyone can figure a bottom until all those foreclosures have taken place and sold is beyond me?!! And they want more data *&!! Are the current and upcoming foreclosures not phantom inventory?
ParticipantMy BIL and his wife live in a 5500sf in Irvine with a full time maid, no kids. They complain that there are not enough bathrooms for the occasional guests. Some people need more space than others. It’s the American way; bigger is better.
Participantwow, kicksavedave, that’s quite a deal you got there. Can you finish the basement and eventually make that space habitable? Is the basement about 3/4 way into the ground with small windows at the top? Would be cool if you can eventually finish the basement.
On the subject of Denver, how do you explain that the foreclosure rate in Denver is so high? Should people not be clamoring to buy if it’s cheaper than rent?
Your illustration also show how much profit margin there is in California. I read that CA is the biggest source of profits for the builders. Sure land costs a lot in CA but somebody is making big profit on land. By builders, I mean the industry of landowners/developers and builders combined.
September 6, 2007 at 2:40 PM in reply to: San Diego Inventories flat year over year . . . other southwest/Calif. markets all higher. Why? Is SD near a bottom? #83631Participantschizo2buyORnot, not sure what other data you need.
Rent and bank the difference. Unless you can get a guaranteed return greater than the ownership premium, you should rent. What’s so difficult about that?
BTW, what do you with all the foreclosures? Those are phamtom inventory about to hit the market. Nothing secret about that.
I like your style JWM. Short, sweet and to the point. 🙂
Participantbrsharma, by overvalued, I mean with a good chance of price drops.
If you mean fairly valued then I would agree.
It’s all supply and demand, and despite houses going for $100/sf in Indianapolis (cheap by SD standards) that area has some of the highest foreclosure rates in the nation. That means that prices are bound to drop.
My point was to avoid paying for something that will be worth less in a couple of years. The alternative of renting is always available.
I run a business and I’m renting the building. A broker called me trying to sell me a building. I told him no. Then he had the temerity to show up at my office uninvited. I told him that as long as the interest + tax + maintenance on a new building is more than my NNN lease, I’ll be renting.
People should do that cost analysis before buying.
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