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spdrun
ParticipantSan Diego has gone up from 1.118 million to 1.4 million in the last 25 years. Why would it be likely to double in the next 30 to 50?
At this point, it’s an established city — they tend to grow slowly, not explosively.
ParticipantI was in Tracy last year, yea right now it is kind of undeveloped, But I think it will grow fast and be a lot nicer place to live give it 10 years.
The whole summer weather things sounds like a deal-breaker for many people.
ParticipantI’d sooner buy a house in a marginal area of Oakland, along with a pistol license.
July 9, 2014 at 8:37 AM in reply to: OT: Californian’s laugh as Man Attacked by Shark – Video #776298Participant^^^ This.
ParticipantI can understand the environmental aspect, but you’re speaking as if SF home prices are a good thing for anyone other than entrenched baby boomers and specuvestors.
Participant*shudder*
The few times I’ve been to downtown Chicago, I’ve found it to be bleak and depressing. Careful what you wish for!
I found San Francisco to be much prettier and more uplifting to walk around.
ParticipantIt’s kind of funny a lot google employees live in SF but have to hop on a bus for 90 Minutes to get to work at the google facility.
Mountain View and surrounding area is seen as boring as compared to SF.
Participantspdrun, those large swaths of “vacant land” in the peninsula (and in ALL bay area counties) you’re seeing on your map-reading expeditions from your comfy perch in Manhattan, NYC are protected. By that I mean they are National or state preserves and/or parkland. As such, they will NEVER be built on so there goes your “gentrification theory.”
No need to be insulting. I know about the parkland, which is why I was speaking strictly to already-developed areas like EPA and parts of Oakland.
ParticipantI’m sure SF proper is far more resilient than near every place in the US (probably more than NY too due to low number of wall street types)….
Manhattan is extremely resilient because most apartments are co-ops and they require 10-20% (or more in case of insane buildings) down. A small % are condos and houses, the rest are multi-family buildings which are typically owned by investors wanting to make money. Either bought with cash or mortgaged in a way that makes sense, since banks wouldn’t finance a losing proposition.
Wall Street types are actually not as large of a % of owners as you might imagine.
ParticipantYou underestimate the amount of money floating in the Bay Area…
People have been saying this about the SFBA since the gold rush. This hasn’t changed the propensity for bubbles and bursts.
Secondly – there is room to build relatively close to SF. Oakland. East Palo Alto. Areas need to gentrify, but this will happen.
ParticipantJobs report is mixed. Non-adjusted:
Full-time jobs: -523k
Part time: +799kQ2 GDP estimates are in the range of 3% (making up for Q1, basically), fortunately nowhere near 5%:
http://www.businessinsider.com/bad-news-for-q2-gdp-2014-7
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=5ed93e44-6fdc-4c62-8e1a-bbe42fa0d09cHere’s hoping for another “economic winter” in the Northeast this year. I love snow, especially when it keeps property markets dead and people sitting at home rather than looking for houses.
My rate of return is > 20% for the year. But I’d rather have steady, predictable returns from renting foreclosed property than returns I have to actually work for and stress about. Even if they’re lower. I enjoy fixing up houses and working with my hands more than brain work — it’s more like fun than work.
Participant(1) QE is being “retired” — June employment numbers are good enough to virtually guarantee tapering through the September Fed meeting when we’ll be down to $15 billion a month.
(2) Middle East is a mess. Ukraine is starting up again.
(3) Margin debt is a pretty good indicator of future events. All it takes is a small correction to start the margin calls a rollin’ in.ParticipantI had a laptop battery swell recently, but that’s probably not the info you’re looking for.
ParticipantCA Renter – Here’s hoping. And here’s hoping for sooner! A peak in margin debt tends to be a leading indicator of a stock market peak.
http://www.businessinsider.com/nyse-margin-debt-may-2014-2014-6
A sudden correction right after QE3 is tapered would be a beautiful thing and a hell of a buying opportunity. The more so if it’s driven by Iraq going insane and pushing oil up to $200/bbl, which would be good for the alternative energy industry (I support a total fossil fuel phase-out in 20 years).
This being said, I don’t have a 401K, but I’m doing fine trading stocks of companies that actually provide value. Beats working!
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