[Rich Toscano]

[quote=flu]Anyone know how I can build my own keyboard too?[/quote]

I hope you kept your kids’ baby teeth…

[Rich Toscano]

Not only should you do the epoxy floors yourself, you should lift the cars yourself. If you insist help with that, you should design and build your own block-and-tackle system. Obviously, the rope should be woven at home using strands of your family members’ hair.

[Rich Toscano]

CA Renter, thanks for the heads up. There is no code on this site that accesses cameras or mics. (We just double checked this now to make sure there was nothing new. BTW to Ribbles — it was a good guess though!).

If it truly came through the site, my best guess is that it somehow came through a Google ad. The other possibility is that it didn’t actually come from the site… maybe it’s just a glitch, but it could possibly be the result of your computer being compromised. So just to rule that last possibility out, I’d definitely recommend thoroughly scanning your system for malware if you aren’t already doing that.

As for the Google ads, they will be going away soon, so if that was the cause, it will cease to be an issue soon enough.

[Rich Toscano]

Update to the chart I posted in Sept:

[Rich Toscano]

I live in Bay Park, where we moved in early 2012.

We just wanted to live somewhere central, and I’ve always thought this general area was pretty good bang for the buck. We looked in Clairemont, Bay Park, Bay Ho, and University City. We also looked, just for kicks, in a couple places in more far flung areas (University Heights and Hillcrest, where I’ve lived before, and which I like), as well as PB, but those were never huge contenders.

I will note that we specifically targeted places that are NOT known for their good school systems. People pay a huge premium for areas with good schools, and since we don’t have kids, that would be wasted money for us. If we had kids, the calculus might have been very different.

Another thing to note is that I, personally, put a huge premium on being central. I just hate sitting in the car and consider it wasted time. But I know that’s not the case with everyone. Just worth noting that my “centrality premium” is higher than average.

Anyway, like Bewildering, for us it just came down to finding the right house/neighborhood among the ones we were looking in. That happened to be in Bay Park (the second place one was actually in University City).

As far as living here, I love it. It’s a great house and neighborhood*, at a price we could afford (back then anyway!), and extremely convenient.

It’s convenient both externally and internally:
– it’s very central and close to freeways, so quick to get pretty much anywhere within SD
– but also internally, there is pretty much everything you need here in terms of stores, etc.

* The “hit or miss” nature of this general area has been noted. Some neighborhoods are nice, some pretty dumpy, and then there are some that are quite mixed (nicely remodeled houses right next to ones in pretty bad shape). It doesn’t bother me, I kind of like the variety. But expect to see the whole spectrum here.

Regarding Bay Park in specific, since I’ve moved here it’s become a better place to live as better businesses/restaurants have been opening nearby, including a lot on south Morena.

Also worth noting, they are putting in a trolley… it’s worth considering whether that directly impacts the property you are looking at.

Good luck!

[Rich Toscano]

I might have to add this to my spdisms list

[quote=Rich Toscano]spdisms

OP: Can anyone recommend a smartphone?
spdrun: You don’t need a smart phone; carry flags for semaphore and build your own mainframe from chicken bones and discarded Atari 2600 parts. NEXT!

OP: How much do you typically pay a gardener?
spdrun: You don’t need a gardener; grow your own topiary maze and painstakingly, over the course of many years, train an army of voles to maintain it. NEXT!

OP: What’s everyone’s favorite pasta recipe?
spdrun: Only chumps eat solid food; you should become a being of pure energy and feed on sound waves. NEXT!

OP: Is this a good time to buy a house?
spdrun: If you live in a house you are an idiot. You should live in your car, which, if it’s not a 1984 Datsun 200SX, you are also an idiot. BOOM! MIC DROP, SMOKE BOMB, EXIT STAGE RIGHT![/quote]

[Rich Toscano]

[quote=lifeizfunhuh]What is everyone’s reaction to this? Mark Hanson has always been at the top of his field.

https://www.mhanson.com/11-27-hanson-2008-angelo-mozzilo-said-never-seen-soft-landing/%5B/quote%5D

“Bottom Line: Housing today is more unaffordable than in 2006, especially in the major Case-Shiller 20 metros.”

That statement — from the beginning of the OP’s linked article, and bolded there too — is wrong. Housing was WAY more expensive vs. incomes in 2006, both in terms of purchase prices and (especially) monthly payments. (Reference for SD).

So my reaction is: when the “bottom line” has a well known and documented fact completely backwards… well, that’s not a good start.

[Rich Toscano]

[quote=FlyerInHi][quote=njtosd]The rate of narcissism and exhibitionism among entertainers and politicians (regardless of party affiliation) is staggering. I’m so sick of all of it.[/quote]

Sex wise, we are all the same. But only 1 party has godly superior family values.

And only 1 party elects and nominates known sexual harassers. Clarence Thomas is one of them.[/quote]

Nice political threadjack. How do you not know, at this point, not to do this?

PSA for those recently joining us (if there are any such, these days): don’t inject lame partisan bickering into unrelated topics. It’s obnoxious and everyone hates it. EVERYONE HATES IT.

[Rich Toscano]

Walk-in margarita machine.

[Rich Toscano]

V shaped recovery in 3m annualised rate confirms that slump in core #cpi really was transitory. But Fed predictably over-reacted. pic.twitter.com/qp30kNGoLJ

— Capital Economics – US (@CapEconUS) September 14, 2017

[Rich Toscano]

OK thanks for the feedback guys, I think it makes sense too. I created the new forum and moved this topic into it as the inaugural post.

[Rich Toscano]

Yeah, that’s how I understand it as well.

[Rich Toscano]

[quote=moneymaker]http://www.governing.com/gov-data/economy-finance/housing-affordability-by-city-income-rental-costs.html
Guess it depends on where you live, not too surprised to see Escondido as a rent is to high place but Temecula is a little surprising.

Whether we are in a bubble or not also makes no difference to me personally as my mortgage is lower than I can rent for and no I’m not going to sell just to make a little money. Now when the average person cannot even come close to affording the average house then something is wrong. I’ve said it before and I’m saying it again now, the average wages are not keeping up with the increased cost of goods. Everything is increasing faster in price than incomes which is why the rich get richer and the poor are getting poorer. Granted a lot of those things are not necessary like water, electricity, eating out, movies, cell phones, new cars, drinking beer at breweries. Sure gas, groceries,air,and sunlight are still cheap, which must be how the government measures inflation.
If or when you take your equity out Rich just make sure you use it for something better than jet skis. P.S.-if not for the wife I would probably have a pair of them already.
Is it just my eyes or is the font shrinking?[/quote]

No, the font is not shrinking. It will be bigger after the upgrade, if that helps?

You are right to look at things in terms of income, but that’s what I addressed in the article I linked to. And I agree that housing is quite expensive in those terms. It doesn’t seem to be at “bubble” level though, especially when you consider that the monthly payment is still below the historical San Diego average, in terms of incomes and rents.

Now, I’m off to price some jet skis… 😉

[Rich Toscano]

[quote=harvey][quote=no_such_reality]The market isn’t about investing, it’s about speculation[/quote]

The stock market is about liquidity.

But please tell us the difference between investing and speculation, and explain why the market is about one and not the other.

[quote]Most fund managers only worry about making their monthly and quarterly numbers. [bunch of other trite generalizations about fund managers…][/quote]

Lol, do you know what Rich’s day job is?[/quote]

I think he was referring to real estate fund managers? In that case, I don’t see them making that big a difference… if they are flipping then they just have to sell it to someone else, so that doesn’t increase overall demand. Maybe some are buying and holding but I doubt that’s a significant portion of the market.

[Rich Toscano]

PS Besides being ad hominem, I just don’t get the idea that home owners would somehow rationalize away a bubble, if there was one.

As a home owner, from a purely self-interested standpoint, a bubble would be fantastic: I could sell my house, take the profit, wait for the bubble to burst, and buy back in at a lower valuation.

Why would I be in denial about that?

Then again, I suppose many home owners were in denial during the actual bubble. So that kind of shoots own my logic in the above paragraphs. But, I think the difference there wasn’t that they were homeowners, but that they thought RE investing would make them rich.

In my case I see my house as a consumer good, not a path to riches. So if it gets bubbly, great… I’ll take my equity out and wait. If not, then I guess that’s fine too. (Though not as good).

I guess the point is that my status as a home owner doesn’t make me disinclined to see bubbles — if anything, it’s the opposite.

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