[PerryChase]

sdrealtor, I'm also looking for one such property for my auntie/relatives to spend retirement times in San Diego. So far I've not seen anything close to fitting the bill.

The tax loss is a bunch of bull and I completely ignore it when assessing my options.  If I get a tax advantage, I consider it compensation for my troubles in owning/managing the property. In my mind, I think of tax benefits and maintenance and improvement costs as a wash.

If you clients rent out the place to their son, they have to deal with depreciation, recapture etc…  What a pain!

Oh, and in my mind, having the privacy of your own space is not the same as sharing it with roomates to help cover the mortgage.  It's a quality of life issue.    You only live once and, to me, physical comfort and enjoying quality food cannot be compromised. 

 

[PerryChase]

A bear always has to be very circumspect and can never appear too sure of himself when predicting a downturn lest he be labeled irresponsible, a naysayer, and siding with the ennemy. You have to say that you hope things don;t go south but, according to your analysis, you don’t see how the current situation can be sustained. That’s bear speak.

Bulls, on the other hand, are always free to predict that the sky’s the limit.

In life, there’s rarely a downside to being a bull, but bears will get attacked from every corner. I admire contrarians for this reason.

powayseller, is the only one who puts it bluntly. That’s why I love her. 🙂

[PerryChase]

Insisting on calling an apartment a condominium. I have friends who correct me when I call their places apartments.

An owned apartment or a rental apartment is still an apartment to me.

[PerryChase]

asianautica, who is Dan Holbrook? Does he have his own show on radio?

[PerryChase]

Lenders are just serving a menu of products. They want to maximize their profits.

It is unethical to sell Coca Cola, cigarettes or fatty food? These will certainly harm the consumers.

I think that people who make bad decisions will have to pay eventually. The economic downturns serve to clear up the excesses.

[PerryChase]

Upgraded kitchen and bathrooms will be the new standard just like air-conditioning. That’s how we improve our standard of living. Dishwashers used to be luxuries but they no longer are.

In a down market, builders will have to provide many upgrades to entice buyers. Resellers will have to follow suit or cut the price.

Compared to 15 years ago, travertine, marble and granite are really cheap now. Natural stone has been commoditized with product being imported en masse from Turkey and China. It’s the labor to install that’s expensive. Actually there’s an almost infinite supply of those materials because stone is what mountains are made of. We now have better equipment to quarry and diamond saws to cut the stone.

I should also mention that Viking appliances, fancy lavatories and faucets are no better than the basic kinds. It’s the design that you’re paying for and the profit margins on those items is enormous. Design is also being comoditized so we can expect to have better products for the same or lower prices.

Personally, when looking for property, I first look at price per square foot. I won’t even consider a home with defects if there are upgraded homes nearby.

[PerryChase]

doofrat, I don’t grab the flyers but I get automatic email updates from ziprealty.com. Then I look them up on zillow.com or on the tax assessor’s site. Then I look at the highest people paid in that neighborhood.

I’ve noticed the same thing you have. That’s why I say that we already effectively have 10%-15% price decline from the peak. Those houses haven’t sold yet so they don’t refect in the statistics. It’s just a matter of time.

[PerryChase]

Etiquette says that plates should not be cleared away until all guests have finished their dishes. Then the plates can be changed for the next dish or at the end of the meal. In a good restaurant, the waiter should be attentive but unobtrusive. In my view, it’s not appropriate for the waiter to ask “are you still working on it? “
People are no longer taught basic rules of etiquette so they just make it up as they go along.
Room temperature water is best with the meal. Iced beverages should not be consumed with the meal. But I know that most people would disagree with me on the beverage issue. I think it’s the Coca Cola influence.

[PerryChase]

This is the first year that Bush has been in Washington (and not on vacation) in late August (ABC News)

Only 35% of the public now supports the war. Finally the American people are coming to their senses after being bullied into compliance.

Now that the war is going awry, the GOP is turning to immigration as a wedge issue (Washington Post).

[PerryChase]

See, God only saves his disciples…

[PerryChase]

svferris, thanks for the link. I don't have cable. I'll rent the DVD on Netflix.

Watching the opening made me think how dreadful my life in the suburb is.  It sucks,  help..!

[PerryChase]

Sounds like those shows are good entertainment.  Too bad they don't have the DVDs on Netflix (I don't have cable). 🙁  

[PerryChase]

Super!   I wish I had musical talent. 

[PerryChase]

“…the drought killed most of the corn this year”

Very funny… I had a good laugh.

[PerryChase]

One thing about God is that if you don't believe in him, you can't be saved.  He only saves his disciples. ha.ha. 

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