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sdduuuude
Participant[quote=paramount]How many underwater borrowers are willing to or can sell?[/quote]
Stop wrecking my lovely analogy with logic.
March 4, 2013 at 1:29 PM in reply to: OT: Public Employee Unions Attack the City of San Diego/Prop B #760289Participant[quote=CA renter]The entitlement culture of government contractors/the privatization movement is unreal.[/quote]
Pot calling the kettle black on that one.
Unions & gov contractors = same thing.
ParticipantSo, if you count girlfriends as part of “the cost of living” then yes – the cost of living is, indeed, lower ? 😉
ParticipantYa. You’re late for the Summer.
Dec 1 -> June
Jan 1 -> July
Feb 1 -> Aug
Mar 1 -> SeptAlso, don’t be afraid to use the campgrounds that don’t allow reservations. So many people want to count on there being a site nowadays that they don’t bother camping unless they have a reservation.
Well, that just means you can usually pop-in to a reservation-less campground and get a spot. I think the National Forest campgrounds are the ones that don’t take reservations.
It is pretty easy to get decent spots if you arrive on a weekday. Friday night and Saturday a.m. are the worst, though. Reserve a spot for those days or plan on hotelling it, then just “pop-in” on the weekdays.
The state campground at Pismo is kind of cool, too.
ParticipantTomorrow morning. 8 am. reserveamerica.com
BE THERE !It’s the only way to get spots at places like San Elijo, Carlsbad, Doheny (which I like, even though its a drive).
They open up a new month of reservations on the first of every month. So, tomorrow you will be able to reserve anything in September, I think.
Make sure you get a login and scope out the place using the campground maps, google satellite maps, the website for the campground, and I like checking the cool california coast aerial photo site. Here is Doheny: http://www.californiacoastline.org/cgi-bin/image.cgi?image=201003305&mode=sequential&flags=0&year=2010
Do this so you know which sites or sites to reserve because if you start looking for a spot at 8 am, you’ll be late. If possible, have multiple people on the computer ready to click “reserve.” at 1 second past 8. If you need multiple sites, have multiple people so you don’t waste time clicking two things.
I have tried, on and off, to reserve one of the Crystal Beach Cottages. They always sell out in about 30 seconds. But, that is the extreme. You can get a beachfront Doheny location if you do it right.
Non beach-front sites are usually available longer. I have booked these an hour later.
Beachfront at San Elijo are way above the water. Same for Capistrano. Beachfront at Doheny is on the sand.
ParticipantI had a professor who said
“A word is worth a milli-picture.”
ParticipantPerhaps the hubub of buying is related to interest rates rising, as they have been doing for a couple of months now.
People trying to make their purchase before the rates price them out.
Participant[quote=Rich Toscano]BTW, a sneak preview of the valuations… as of last month, price to income and price to rent ratios were both within 2% of their historical median values.[/quote]
So – can a non-bubble pop ?
ParticipantYou’ll want CDMAEng to answer this. Here’s what I know.
From my understanding, you can get between $400 and $4500 a month, depending on the location, zoning situation, and size the of equipment they want to put there.
From an engineering perspective, location and altitude are everything. Not high enough and it won’t work. Usually, too high is bad because the antennas will spray signal all over the place. Sometimes high is good, though so it really depends on the engineering need.
From a deal perspective, the easier it is to get a site approved, the more valuable it is. If you have a million homeowners, committees, etc in the review process, Verizon will be less happy.
A third thing to consider is that carriers are willing to pay for exclusivity. If Verizon wants it, so do the others. If you plan ahead, you can get three or four clients up there, or charge the highest bidder a ton of money for the exclusivity.
You may even consider buying someone like CDMAEng an all-expenses paid weekend in beautiful San Bernardino and have him look at Verizon’s situation out there, look at your land and let you know if it is just another hunk of land or something very valuable.
Participant[quote=The-Shoveler]In SD I think you have more of a wireless/SmartPhone Bubble than anything else.[/quote]
HAHAHAHA. +1 !!!
Participant[quote=bearishgurl]I disagree that the long-term owner occupier buyer can’t find a decent house in the $320-$400K range. Some of them may need a little work, but they’re out there.[/quote]
Ya “out there” as in “way the hell out there” as in Santee, Lakeside and Ramona.
ParticipantIt isn’t clear to me that “there is a bubble coming” is consistent with “it is time to rent again.”
The time to rent is not when the bubble is developing, but when the bubble starts to burst. There is no way you can say that the mediocre rise of the last 12 months has brought us to the top of a bubble about to burst.
Bubbles grow for many years before bursting and what I saw with the last bubble is that even smart people who identified the bubble correctly called for the top much earlier than the top actually arrived. Even the good Professor Piggington was a couple years early. Bubbly behavior begets bubbly behavior and the market can remain irrational for a long time. So, if you really think we are in a new bubble, expect it to get even bubblier.
Now, with that said, I’m not so sure I would classify current conditions as a bubble or even the start of something that can become a bubble. Prices have come up, but we are still within a range that goes back to 2008. The telling factor for me would be a revival of the home price vs. rent charts Rich used early in the days of Piggington to ID the bubble. Rich ? Might be nice to see, that in a rodeo some time, eh ?
We are definitely a period of rising prices, though, and it is the inventory levels driving it. Last year I didn’t think this selling season would have the momentum to bring prices above last season, but it looks like it will.
Many folks – including me – expected to see higher prices drive owners to sell. In fact, owners are seeing prices come up and deciding they could get more later and that is delaying listings. Perhaps it will take a stall in prices, after a run-up to get inventory on the market.
The path forward that I see is this – prices rise until the upside down people (UDPs) see a way to get out. Folks may cry “bubble” as prices comes up, but the conditions just aren’t there to allow the bubble to continue because the UDPs will eventually decide to list their house, cutting the bubble growth short.
Plus, long-term macro-economic conditions will push downward on prices for several years (I didn’t say, “push prices downward” – I said “push downward on prices”). The stimulus that drove the last bubble won’t come, or won’t have the same effect.
And – as I wrote in an earlier post – I’d be wary of a rally in low-inventory or low-volume conditions.
I’d be OK buying now, expect to see a year or two of appreciation, then another couple years of moderate pain or flatness as the country (and the world) start to deal with debt and spending issues.
Participant[quote=bearishgurl]… he/she obviously didn’t read (or comprehend) my prior posts on this thread.[/quote]
BG – I don’t think anyone does, really. They are too long. The insight-per-word ratio is just too low. You can help yourself and others by being more concise.
Participant[quote=paramount]That was a seriously downer article, it seems like there are areas of this country in a serious economic depression.
What is the future of these rust belt areas? 3rd world status?
Makes Temecula seem like Paradise.[/quote]
Temecula wasn’t on the list ?
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