Forum Replies Created
-
AuthorPosts
-
PerryChase
ParticipantI’m not against the military. My best friend is a naval officer. We disagree on many issues but we remain friends.
I don’t know enough about military strategy, but I do know that we live in a civilian democracy so military needs are secondary to civilian well-being. The military needs to adjust to what is best for civilians, not the other way around.
Lindismith, I support your park idea. However, I wouldn’t hold my breath because when the airport is closed, the development interests will swoop in and we’ll have more luxury condo towers.
In my view, Miramar would work best because it’s already an airport with all the crading already done. It’s centrally located and therefore convenient to all residents of the county, north and south. Linking a new airport at Miramar to public transport would be even better.
ParticipantAmerica is very big. Surely, there has to be some unused space along our coasts that would be suitable for a Miramar type base. They are not looking for that alternative and they don’t want to think about it either. They just wave the flag instead. Flag waving is known to be a good tactic to shut down opposition.
August 9, 2006 at 11:53 AM in reply to: Real Estate Industry and the Internet on C-Span right now #31431ParticipantThe interest of the government should be in improving the standard of living of all people. So if you could create an efficient real estate market and commoditize housing, we would all benefit.
I can picture a market with little friction where people could easily easily move from home to home anywhere in the country regardless of ownership or rental status. We would then have a more mobile, productive, and richer society. Yeah, in my dreams…
ParticipantAn aiport is good for commerce and the economy. The military uses taxes and resources. America is very big. If it wished, the military could find another base somewhere else to relocate to. I don’t see why Miramar is the only place in this whole country that fits the military’s requirements. If we can move whole bases into Iraq in a matter of weeks, why can’t we move Miramar in a matter of years. Technology allows our military to be effective from just about anywhere.
With Miramar and MCRD it’s just a matter of the military protecting its turf.
ParticipantIf you have a lease, there’s nothing much the owner can do until the lease expires. The owner can put a for sale sign but you don’t have to allow strangers into “your” home. With a lease the house is “your” home for the lease period. The owner can sell the house, but you can remain.
I’m sure that a real estate lawyer would confirm that. If I were a renter, I’d just sit tight.ParticipantThe problem is that we don’t really know why we need MCRD and Miramar. The military should tell us exactly why and what the alternatives might be. Just saying that this bases are critical to national defense sounds like a cop out to me.
We closed lots of bases in the 1980s and national defense has not suffered.
ParticipantIt’s amazing the kinds of risks investors would take to own rental property. Making sure one is cash flow positive is the only way to own rentals.
ParticipantI read the article and nowhere does it say that the previous employer did not hold his job open for him while he served. Maybe he did not want the similar job the employer offered him upon return?
If anything, the extra combat pay (and this mortgage cap of 6%) helped him kick the can further along. Perhaps he’s no longer a reservist, hence his lower income.Sounds to me like this article is using the flag and patriotism to make the story more emotionally appealing. Powayseller who is normally so sharp feel right into the trap. The article is about ARM more that it is about the plight of the military.
Here’s the quote from the article.
” That’s exactly what happened to the Howells. In November 2004, Howell, a 36-year-old National Guardsman, was deployed to Iraq. While he was away, the combat pay helped to offset the monthly mortgage payments as they began to creep up. In addition, under the Servicemembers Civil Relief Act, his mortgage rate was capped at 6 percent as long as he was in active military service. But when he finished his tour in Iraq this January, the cap no longer applied and he stopped getting combat pay. Worse, while he was gone, someone had filled his old job. He found work as a stable manager for a nearby horse farm, and as a law enforcement dispatcher for the state’s Department of Fish & Wildlife; but, even with the two jobs, he was earning about one-third less than he had in 2004. Meanwhile, the interest rate on the couple’s largest mortgage climbed to 9.9 percent. ”
ParticipantThe military would agree with enough political pressure.
San Diego is a “military town” so our politicians tend to defer to the military.
The NIMBY issue is a bigger problem.ParticipantThere already is requirement for employers to hold jobs (at least similar ones) for military personal. I beleive the requirement affects only employers of certain sizes.
My feeling is that military is just a job like anything else. When they signed up, they should’ve thought about the risks and rewards. If one can’t live with the risk of serving in the military, one should not join. Taxpayers pay enough already to train and employ the military, we don’t need to pay more. Many enlisted/reservists could barely graduate high school. We spend tremendous amounts of money training them.
I’m sorry, to me, sad as it is, a guardsman loosing his house is just like any other employed person loosing his house.
The financial problems come from the guardsman relying on his regular job income plus his national guard (week-end) income, never thinking that he would have to serve for long periods in a conflict. Remember, military personel get paid fairly when they serve.
ParticipantNow that the Fed paused, I more readily buy the argument that the Fed will intervene to prevent a big housing crash.
ParticipantI think they should just go ahead and build the airport at Miramar and get it over with. They’ve been talking about it for the last 20 years. We need a new aiport to support a world class economy and Miramar is the only central logical place to put it, in my view.
Participantsalo_t, I think that’s the way to go. The way I see it is if you get what you want at a great price, then super, if not, oh well… there’ll be better deals down the road.
But it takes some will-power to detach yourself emotionally from a purchase. Many wives fall in love with a house/neighborhood and pressure their husbands into buying. As realtors would tell you, emotions play a big part in homebuying — it’s a lifestyle that buyers can’t wait to attain.
ParticipantThe second example you mentioned is about 14% drop from the top (including upgrades) if they get $799k in today’s “stable” market.
Thinking over the Professor’s prediction, I beleive that 25%-33% drop in the overall market is reasonable. But that would also mean 50% drop in many areas. I’m waiting to see how this turns out.
Diego, yeah they saved rent… but how much interest and property taxes and HOA did they pay? I would think more than rent for a similar property.
I might also ad that people also go crazy and buy all kinds of furniture and stuff for their houses, stuff that becomes garbage when they sell. I completed re-did my house from furniture I purchased from craigslist. I’m very patient and and only buy at give-away prices but I’ve gotten some super deals. Of course you have to be VERY patient and buy only want you need or really want.
-
AuthorPosts
