[Rich Toscano]

[quote=svelte]I still can’t figure Trump out. I don’t think he is stupid. So why exactly is he doing what he’s doing?

Theories I haven’t eliminated yet:
– He wants to throw the election to the Dems. (he’s doing a bang-up job)

– He loves the attention. (again, bang-up job)

– He has equal parts crazy to go with the intelligence. (totally plausible)

I thought maybe there was a fourth option that he saw himself as more popular than he is, but his recent statements that it’s OK if he loses lean me away from that theory.[/quote]

Trump is not smart. Smart people can spell. Smart people can string together a coherent sentence.

He probably has some animal cunning which has helped him in his business dealings (along with healthy doses of luck, inheritance, and a willingness to screw everyone else over). But I don’t think he is “smart” in the typically accepted sense.

His reason for running seems pretty clear to me: he has severe narcissistic personality disorder, and winning the presidency would be the ultimate ego high. His inability to make good decisions or stop screwing up is part of his mental illness. He literally cannot recognize what a buffoon he is, thinking instead that the problem is with everyone else, all of whom are inferior to him.

What’s a lot more surprising to me is how many people have fallen for his incredibly obvious act. It’s extremely disappointing.

[Rich Toscano]

Hahahaha… 😉

[Rich Toscano]

I remember when Trump first announced with his “Mexican rapists” speech, and Macy’s announced they’d no longer sell his clothing line, I was surprised that he had a clothing line at all. Even before I learned that he’s a bullying wanna-be fascist who can’t spell, I always thought of him as the epitome of gaudy tastelessness. I mean, have you seen his apartment? It looks like Liberace huffed gold paint and threw up all over Tsar Nicholas II’s summer home.

I couldn’t imagine wearing a garment with his name on it, and that was before learning what a truly despicable person he is. Now that I know that, even if he had a business that appealed to me (which he doesn’t because I’m not a fan of cheesy faux-opulence) I would never do business with it, just on principle.

So no, I wouldn’t support a Trump business… I’d go very far out of my way to avoid it. I’m quite certain that I’m not alone.

[Rich Toscano]

[quote=La Jolla Renter]
Maybe people are just not checking in because they don’t want their bully lib friends to rip into them on facebook.
[/quote]

Given that Trump’s entire campaign (and for that matter worldview) is based on bullying, I guess I’m not that sympathetic.

[Rich Toscano]

[quote=bullishgurl]I don’t know. You need to think hard *AND* be clever.[/quote]

Hahaha, a bearishgurl parody account, I love it.

Good use of bolding, but but I could tell it wasn’t really bg because it was coherent, and less than 10,000 words long.

[Rich Toscano]

Yep, I read it the same way…

[Rich Toscano]

I looked on FRED (great data collection site from the St Louis Fed) and they have it there:

https://fred.stlouisfed.org/series/CUUSA424SEHA

The YOY rate of change in rents has always fallen during recessions fwiw:

[img_assist|nid=25950|title=fred sd rents|desc=|link=node|align=left|width=454|height=232]

[Rich Toscano]

Start here: http://data.bls.gov/cgi-bin/dsrv?cu

Look for San Diego region, “rent of primary residence” category

[Rich Toscano]

The BLS has a CPI rent series for San Diego, would that do it?

[Rich Toscano]

[quote=sdsurfer]I’m really curious. My logic is that if prices were to fall then rents will go up because more people will choose to rent while they attempt to time the bottom of the market. What does everyone else think? Thanks![/quote]

I don’t know, you are focusing on just one supply/demand factor among many. For instance, if the price decline is driven by a recession, that would also negatively impact rental demand and pricing power.

Rents were somewhat strong during the GFC because so many people were booted from their homes they had owned. But that was a pretty severe situation, with mass foreclosures… barring that, I don’t think you can reliably predict rents going up in a housing downturn. Just my .02.

[Rich Toscano]

Anyone who endorsed Trump is a permanent loser whom I will hold in total contempt forever. There’s no going back from that. Of course, I’m sure others feel differently.

[Rich Toscano]

[quote=sdsurfer]
As far as the condo…I really hate to disagree with Rich since he’s probably waay smarter than me
[/quote]

I wouldn’t be too sure about that…

[quote=sdsurfer]
but I’d probably keep that too as an investment if it’s in coastal SD as long as it’s breaking even. [/quote]

Just to be clear, I don’t really have an opinion on the condo. I just didn’t understand why the OP wanted to keep the condo in addition to a new house, given that her concerns about SD housing valuations were serious enough that she posted this in the first place. I just meant it as something to think about.

Similarly, OP, I realize that the article I pointed you to didn’t have any clear answers. It’s all meant to just be food for thought as everyone’s situation is different.

Take this with a grain of salt, as I don’t know much about your situation, but I think it makes sense to buy a forever home right now. Rates are so low that the monthly payment is very reasonable despite high prices. What I think makes less sense is to get in a situation where you depend on appreciation, or would be in trouble if the price went down. But in a forever home, that’s not the situation.

At the same time, it’s not like it’s crazy to rent, by any stretch. Either can make sense depending on the situation. So, take your time and look for places, and if you find something you love, go for it… but if not, keep looking and taking your time. That would be my generic thinking, again, without knowing the nuts and bolts of your situation.

[Rich Toscano]

[quote=FlyerInHi]
But whatever happened to the cries of a huge recession is coming because of debts and Fed manipulation?[/quote]

What the fuck does that have to do with this topic?

[Rich Toscano]

Some thoughts here that might help, I know it’s from last year but the situation hasn’t changed a whole lot since then: http://piggington.com/shambling_towards_affordability_midyear_2015

If it’s your forever home, in a sense it doesn’t matter if prices drop. As long as you are happy in the home and the amount you pay (considering both down payment and monthly payments) is within reason, the market price isn’t that big a deal in theory. There’s a question of whether you could have gotten more, but as you observed, that’s not such a straightforward question.

But if you are worried about home prices dropping, and/or you believe (correctly in my view) that home prices are high, why keep the condo? If you buy an 800k house and keep the condo, you have an awful lot of exposure to SD real estate, for better or worse.

[Rich Toscano]

Well, I’m glad someone finds my little rants amusing… (besides me 😉

[Author]

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