[permabear]

[quote=paramount][quote=briansd1]Not to say that there wasn’t waste, but at least government spending on salaries and pensions went to millions of ordinary people so their lives could be more enjoyable. [/quote]

Is this a sarcastic comment? All that spending on salaries and pensions has to come from somewhere.

And I’ll tell you where it comes from: people who produce.

For their lives to become more enjoyable someone else’s had to become inordinately less enjoyable.[/quote]
No, where it came from is tax cuts for the very very top elite few.

Our country was most balanced, most productive, and most secure when we had top tax rates at the modern equivalent of $10M+ at 90%

[permabear]

[quote=paramount][quote=briansd1]Not to say that there wasn’t waste, but at least government spending on salaries and pensions went to millions of ordinary people so their lives could be more enjoyable. [/quote]

Is this a sarcastic comment? All that spending on salaries and pensions has to come from somewhere.

And I’ll tell you where it comes from: people who produce.

For their lives to become more enjoyable someone else’s had to become inordinately less enjoyable.[/quote]
No, where it came from is tax cuts for the very very top elite few.

Our country was most balanced, most productive, and most secure when we had top tax rates at the modern equivalent of $10M+ at 90%

[permabear]

[quote=paramount][quote=briansd1]Not to say that there wasn’t waste, but at least government spending on salaries and pensions went to millions of ordinary people so their lives could be more enjoyable. [/quote]

Is this a sarcastic comment? All that spending on salaries and pensions has to come from somewhere.

And I’ll tell you where it comes from: people who produce.

For their lives to become more enjoyable someone else’s had to become inordinately less enjoyable.[/quote]
No, where it came from is tax cuts for the very very top elite few.

Our country was most balanced, most productive, and most secure when we had top tax rates at the modern equivalent of $10M+ at 90%

[permabear]

[quote=patb][quote=pri_dk]Clearly this was caused by Fannie and Freddie.[/quote]

Clearly this was Obama’s fault.[/quote]

You forgot the minorities. Wall Street was forced to lend to minorities, who were ultimately responsible for the collapse of Bear Stearns.

In fact, ACORN created the entire concept of CDO’s. That’s what Fox News said, at least.

[permabear]

[quote=patb][quote=pri_dk]Clearly this was caused by Fannie and Freddie.[/quote]

Clearly this was Obama’s fault.[/quote]

You forgot the minorities. Wall Street was forced to lend to minorities, who were ultimately responsible for the collapse of Bear Stearns.

In fact, ACORN created the entire concept of CDO’s. That’s what Fox News said, at least.

[permabear]

[quote=patb][quote=pri_dk]Clearly this was caused by Fannie and Freddie.[/quote]

Clearly this was Obama’s fault.[/quote]

You forgot the minorities. Wall Street was forced to lend to minorities, who were ultimately responsible for the collapse of Bear Stearns.

In fact, ACORN created the entire concept of CDO’s. That’s what Fox News said, at least.

[permabear]

[quote=patb][quote=pri_dk]Clearly this was caused by Fannie and Freddie.[/quote]

Clearly this was Obama’s fault.[/quote]

You forgot the minorities. Wall Street was forced to lend to minorities, who were ultimately responsible for the collapse of Bear Stearns.

In fact, ACORN created the entire concept of CDO’s. That’s what Fox News said, at least.

[permabear]

[quote=patb][quote=pri_dk]Clearly this was caused by Fannie and Freddie.[/quote]

Clearly this was Obama’s fault.[/quote]

You forgot the minorities. Wall Street was forced to lend to minorities, who were ultimately responsible for the collapse of Bear Stearns.

In fact, ACORN created the entire concept of CDO’s. That’s what Fox News said, at least.

[permabear]

This post is exceptionally interesting to me because I’m literally in the exact same position. 34, lots of savings, 2 kids, just sold my home, trying to figure out what to do.

I think there are really two separate but related questions:

1) Is “owning a home” in San Diego worth the financial tradeoffs?

2) Is San Diego a great place to raise a family?

Nowadays I think you could make a compelling “No” argument to both – which wasn’t true 15 years ago when I moved here. Back then, it was a sleepy beach town, relaxed, not superficial at all, everyone very down to earth and friendly. No traffic, people would wave at you, and things were laid back and slow-paced.

It’s feeling more and more like LA to me everyday (where I grew up). Snazzy cars, fancy clothes, see-and-be-seen, people cut you off rather than putting on their blinker and waiting for you to let them in… the list goes on. The nouveau riche in Carmel Valley are a pale imitation of the old money in La Jolla or Rancho Santa Fe.

Personally, I’m just as torn as Doooh. You could keep saving aggressively for 5 or so years and renting, and you’d have upwards of $1M. Once you get to that point, the compounding interest makes chucking it all and living in a decent city in Colorado pretty compelling.

Or you could indebt yourself to a $750k mortgage if you just “have to own” in SD at current prices. Mathematically, it’s a no-brainer, but SD does have enough charms left to make it a tough call………

[permabear]

This post is exceptionally interesting to me because I’m literally in the exact same position. 34, lots of savings, 2 kids, just sold my home, trying to figure out what to do.

I think there are really two separate but related questions:

1) Is “owning a home” in San Diego worth the financial tradeoffs?

2) Is San Diego a great place to raise a family?

Nowadays I think you could make a compelling “No” argument to both – which wasn’t true 15 years ago when I moved here. Back then, it was a sleepy beach town, relaxed, not superficial at all, everyone very down to earth and friendly. No traffic, people would wave at you, and things were laid back and slow-paced.

It’s feeling more and more like LA to me everyday (where I grew up). Snazzy cars, fancy clothes, see-and-be-seen, people cut you off rather than putting on their blinker and waiting for you to let them in… the list goes on. The nouveau riche in Carmel Valley are a pale imitation of the old money in La Jolla or Rancho Santa Fe.

Personally, I’m just as torn as Doooh. You could keep saving aggressively for 5 or so years and renting, and you’d have upwards of $1M. Once you get to that point, the compounding interest makes chucking it all and living in a decent city in Colorado pretty compelling.

Or you could indebt yourself to a $750k mortgage if you just “have to own” in SD at current prices. Mathematically, it’s a no-brainer, but SD does have enough charms left to make it a tough call………

[permabear]

This post is exceptionally interesting to me because I’m literally in the exact same position. 34, lots of savings, 2 kids, just sold my home, trying to figure out what to do.

I think there are really two separate but related questions:

1) Is “owning a home” in San Diego worth the financial tradeoffs?

2) Is San Diego a great place to raise a family?

Nowadays I think you could make a compelling “No” argument to both – which wasn’t true 15 years ago when I moved here. Back then, it was a sleepy beach town, relaxed, not superficial at all, everyone very down to earth and friendly. No traffic, people would wave at you, and things were laid back and slow-paced.

It’s feeling more and more like LA to me everyday (where I grew up). Snazzy cars, fancy clothes, see-and-be-seen, people cut you off rather than putting on their blinker and waiting for you to let them in… the list goes on. The nouveau riche in Carmel Valley are a pale imitation of the old money in La Jolla or Rancho Santa Fe.

Personally, I’m just as torn as Doooh. You could keep saving aggressively for 5 or so years and renting, and you’d have upwards of $1M. Once you get to that point, the compounding interest makes chucking it all and living in a decent city in Colorado pretty compelling.

Or you could indebt yourself to a $750k mortgage if you just “have to own” in SD at current prices. Mathematically, it’s a no-brainer, but SD does have enough charms left to make it a tough call………

[permabear]

This post is exceptionally interesting to me because I’m literally in the exact same position. 34, lots of savings, 2 kids, just sold my home, trying to figure out what to do.

I think there are really two separate but related questions:

1) Is “owning a home” in San Diego worth the financial tradeoffs?

2) Is San Diego a great place to raise a family?

Nowadays I think you could make a compelling “No” argument to both – which wasn’t true 15 years ago when I moved here. Back then, it was a sleepy beach town, relaxed, not superficial at all, everyone very down to earth and friendly. No traffic, people would wave at you, and things were laid back and slow-paced.

It’s feeling more and more like LA to me everyday (where I grew up). Snazzy cars, fancy clothes, see-and-be-seen, people cut you off rather than putting on their blinker and waiting for you to let them in… the list goes on. The nouveau riche in Carmel Valley are a pale imitation of the old money in La Jolla or Rancho Santa Fe.

Personally, I’m just as torn as Doooh. You could keep saving aggressively for 5 or so years and renting, and you’d have upwards of $1M. Once you get to that point, the compounding interest makes chucking it all and living in a decent city in Colorado pretty compelling.

Or you could indebt yourself to a $750k mortgage if you just “have to own” in SD at current prices. Mathematically, it’s a no-brainer, but SD does have enough charms left to make it a tough call………

[permabear]

This post is exceptionally interesting to me because I’m literally in the exact same position. 34, lots of savings, 2 kids, just sold my home, trying to figure out what to do.

I think there are really two separate but related questions:

1) Is “owning a home” in San Diego worth the financial tradeoffs?

2) Is San Diego a great place to raise a family?

Nowadays I think you could make a compelling “No” argument to both – which wasn’t true 15 years ago when I moved here. Back then, it was a sleepy beach town, relaxed, not superficial at all, everyone very down to earth and friendly. No traffic, people would wave at you, and things were laid back and slow-paced.

It’s feeling more and more like LA to me everyday (where I grew up). Snazzy cars, fancy clothes, see-and-be-seen, people cut you off rather than putting on their blinker and waiting for you to let them in… the list goes on. The nouveau riche in Carmel Valley are a pale imitation of the old money in La Jolla or Rancho Santa Fe.

Personally, I’m just as torn as Doooh. You could keep saving aggressively for 5 or so years and renting, and you’d have upwards of $1M. Once you get to that point, the compounding interest makes chucking it all and living in a decent city in Colorado pretty compelling.

Or you could indebt yourself to a $750k mortgage if you just “have to own” in SD at current prices. Mathematically, it’s a no-brainer, but SD does have enough charms left to make it a tough call………

[permabear]

We have kids and would consider MH or PL – have looked there in the past. But this discussion is neglecting home size. $625k gets you 2300 sq ft in Scripps:

http://www.redfin.com/CA/San-Diego/10444-Woodchuck-Pt-92131/home/4812739

Whereas $625k in Mission Hills gets you 1500 sq ft:

http://www.redfin.com/CA/San-Diego/3541-Curlew-St-92103/home/5373154

Then, families see a 9 API for Scripps High and award-winning elementary schools, and it’s not much of a comparison.

[permabear]

We have kids and would consider MH or PL – have looked there in the past. But this discussion is neglecting home size. $625k gets you 2300 sq ft in Scripps:

http://www.redfin.com/CA/San-Diego/10444-Woodchuck-Pt-92131/home/4812739

Whereas $625k in Mission Hills gets you 1500 sq ft:

http://www.redfin.com/CA/San-Diego/3541-Curlew-St-92103/home/5373154

Then, families see a 9 API for Scripps High and award-winning elementary schools, and it’s not much of a comparison.

[Author]

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