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sdduuuude
ParticipantIt depends on how well the house is serving you now, and if it is a primary residence, secondary, or a rental.
If the only problem is that you anticipate problems, keep it, keep living in it until there are signs that actual problems are looming – like major moves in the foundation that make it dangerous to live in. Did a foundation contractor tell you there are foundation problems to scare you into a big project ? Or a trusted engineer? Or did you see a crack in the slab and panic ?Big difference.
Maybe get an appraisal on the house. Don’t tell them about the foundation issues. Just determine the value of the place if it were structurally sound after a major foundation reinforcement project.
Then determine the cost to make it all better. Ask an engineer (recommend Bruce Cosart) what they think needs to be done, maybe employ a geo-technical engineer as well. I’d want to measure the movement. Maybe have a surveyor take measurements every 6 months. If the slab is cracked and there is no movement for a couple of years, maybe all is good. If an engineer and geo-engineer look at each other and say “holy shit” then you have work to do and decisions to make.
Once you know the scope of the problem, the cost to fix it, and the utility of the house to you, then you can make some decisions. If it is safe to live in but unsellable, keep it forever.
Participant[quote=evolusd]I have not read too much about this, but I hope that the government will significantly change the way higher education is financed. They’ve created such a huge supply of money to ‘finance’ college with debt, it seems schools have been able to raise prices exponentially, fattened up admin staff, financed capital projects and grew endowments on the backs of college student borrowers.
College system needs to be financed differently, IMO.[/quote]
+1
Classic government problem solving … ends up making the original problem worse.
Participant[quote=flyer]We’ve gladly paid off various types of loans for many people we know, or who are affiliated with organizations we trust. Happy to do that.
Even though the people receiving the “Biden Bux” will actually be paying for them in the future in some way, shape or form, I’d rather pass on a government give away to people we don’t know.[/quote]
… taking god-knows-what classes. Should the government really be investing in Lesbian Studies degrees ? What is the break-even on that ?
Participant[quote=Coronita][quote=sdduuuude][quote=sdrealtor]… this place has been reborn the last few years with young families.[/quote]
Interesting to hear you say that. Around Carmel Valley, people are talking about the fact that enrollment is dropping at the local schools because this is NOT happening. People moved to the area with their kids back in the 2000’s and not leaving now that their kids are college aged or older.[/quote]
Is enrollment really dropping? If so, not sure why they are opening a new elementary school near PTMS and CCA.[/quote]
Because they were slated to build those to support all the new development in CV Ranch. Solana Highlands, Carmel Creek, Solana Pacific are seeing smaller enrollment and are trying to change structure (i.e. which grades are at which schools) amid the reductions and it is a little messy.
ParticipantI’m told that cash-out refis on condos are the most difficult loans to get, especially if you are self-employed. Houses, not as difficult.
Of course, the chance of success varies dramatically based on your income, income history, current debt level, current monthly payments on debt, loan-to-value ratio, etc. With good numbers, it shouldn’t be a problem.
Just be prepared to dig up endless bank statements, trust documents, etc. and expect to write letters of explanation for every little detail. That is the difficult part – the time it takes to satisfy all the requests.
Consider a HELOC (Home Equity Line of Credit) where you only make payments on money you have used. You write checks off the HELOC which add to the loan amount. Usually these are variable rate loans so you have to be careful with rising interest rates. But, you can have that cushion available without making monthly payments.
Participant[quote=sdrealtor]… this place has been reborn the last few years with young families.[/quote]
Interesting to hear you say that. Around Carmel Valley, people are talking about the fact that enrollment is dropping at the local schools because this is NOT happening. People moved to the area with their kids back in the 2000’s and not leaving now that their kids are college aged or older.
June 1, 2022 at 12:37 PM in reply to: SF city RE prices down to 2017 prices due to crime wave and WFH #825819ParticipantDon’t forget the infamous San Francisco poop map:
The actual interactive map. Takes a while to load and is a little slow but useful when planning a trip to SF. We stayed in the financial district back in April and it wasn’t bad at all. Some parts of the city are very rough, though. Not “gang” rough. But, “tent city full of crazies” rough.
https://www.openthebooks.com/maps/?Map=32504&MapType=Pin&Zip=94102
Participant[quote=scaredyclassic]I saw a tiny Ziploc bag of arugula at farmers market for $7.00. by weight, I think weed is now officially cheaper than organic arugula.[/quote]
Officially nominate this for post of the year.
Participant[quote=sdrealtor][quote=sdduuuude]Boy, I sure wish I had a graph of all this.
A word is worth a millipicture, after all.[/quote]
I do, I have the data linked to graphs. I just think of this more as a weekly snapshot as opposed to more longitudinal study which Rich does such a good job with. Im more interested in looking for actionable inflection points as soon as they arrive then understanding long term trends. I knda like it this way. Happy to email you source data with linked graphs[/quote]
If you send the data, could I post the graphs ?
ParticipantBoy, I sure wish I had a graph of all this.
A word is worth a millipicture, after all.
Participant[quote=XBoxBoy][quote=sdduuuude]
An increase in labor cost is devastating to a business plan because it can force a business owner to raise prices so much that their own business becomes no longer viable. It is a frightening prospect.
[/quote]If a business is no longer viable because market rate for wages rise that’s not something to cry about. That’s called capitalism. The constant replacement of existing businesses with businesses that are more capable of meeting the market’s needs is a strength of market based economies.
[quote=sdduuuude]
To call them “cheap” is very unfair and demonstrates a lack of understanding of what a business owner has to deal with..[/quote]As a former business owner, I don’t agree. If market rates for wages rise, a business owner needs to pay them and/or find other ways to maintain employee loyalty. Not whine to the media about how they can’t find employees. And given how incomes for the wealthiest part of our population have risen so much and how rank and file workers have lagged behind, I suggest you rethink where you put your sympathies.[/quote]
“Sympathies” is an odd term. It isn’t a matter of sympathy, just an understanding that business owners are not being “cheap” any more than the laborers are being “greedy”. Both pushing as hard as they can for their own best interests.
Business owners aren’t the government – they can’t just print money and hand it out. It has to be given to them by someone they help in some way.
Participant[quote=gzz]1. The labor “shortage” are cheap businessmen unwilling to pay market wages.
[/quote]An increase in labor cost is devastating to a business plan because it can force a business owner to raise prices so much that their own business becomes no longer viable. It is a frightening prospect.
I believe this phenomenon – how higher wages force labor-heavy business into pricing themselves out of the market – is why labor shortages can turn to job shortages so quickly.
To call them “cheap” is very unfair and demonstrates a lack of understanding of what a business owner has to deal with..
ParticipantDuring the winter, I go all cotton. Flannel pants or cotton sweats around the house, jeans or cotton cargo pants for out and about, cotton khakis for biz casual.
I love cotton but for shorts they can be bulky and not stretchy/flexible.
So, in the warmer months, I go with nylon running shorts and cotton t-shirts for daily wear when not in an office – which is 100% of the time now. Maybe cotton or flannel shorts at home at night.
Too much nylon in socks smell bad quickly. Too much cotton in socks makes them not flexible. Somewhere in there is the right mix. I know it when I see it.
And yes, I’d have bet the farm this was a scaredy post.
ParticipantBuilt my own big house
Holy shit it’s worth how much?
Heart won’t let me sell—
Edited to get 7 in the 2nd line. Holy is 2, right ?
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