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spdrun
ParticipantUnless they find a massive strike of oil there, northern CA will still be sleepy, quiet, and relatively cheap in 20 years. Too far from SF or Portland to become really suburbanized.
Think now much northern New England’s population has changed in 20 years, and you get the idea.
Participantnsr: it looks like someone people are probably making bank renting out the short tractors, so there are vested interests in not widening the highway.
ParticipantMost of whom could be pretty interesting people, I’d imagine.
Honestly, that sounds like parts of Maine. Keep in mind that the distance between L.A. and Arcata is about the same as between D.C. and northern Maine.
It’s only the same state because CA is farkin’ huge.
ParticipantSeems like he’s set for life regardless of where he lives. A million invested in rental property at 7% cap (doable conservatively, these days), is $70k/yr, plus $600k of cash in the bank remaining to play with. Why would he want to trade a house in heaven for one in desertfuck?
He might be well-advised to keep a line of credit against the house, of course, for emergencies.
ParticipantOther than housing costs (and if you have a paid-off home by the point of retirement, you have that problem basically licked) what makes San Diego particularly expensive? OK, gasoline is about 25% more expensive than in the rest of the country, but you’re not paying for energy in other ways, since HVAC costs are minimal.
Food and other goods didn’t strike me as being horribly expensive in SD. Yeah, you have state income tax and sales tax, but it’s not huge in the grand scheme of things.
ParticipantYeah, the nighttime shuttle launch which I saw in 2008 was spectacular.
ParticipantWhy is driving on the beach, polluting it with tire dust, exhaust, and oil drippings a good thing, again?
Personally, I think that cars (and fuckin’ Jetskis) should be kept as far away from the beaches as possible. Let them ride bikes, walk, run, or sail!
Inaccessibility is why I like Black’s in San Diego. The 200′ foot climb up/down a cliff keeps a lot of people out.
ParticipantLack of jobs due to NASA cutbacks?
Lack of interesting stuff to do?
Mosquitoes?
Property taxes may not be cheap?
Most of the state is a stinky swamp? See also: mosquitoes.October 12, 2013 at 6:46 PM in reply to: Any of you doing anything to your money market accounts just in case of a default? #766809ParticipantI’m guessing it’s $250k per individual name on the account(s).
ParticipantAssuming a FRM with known amortization period, it’s not too hard to figure out whether the numbers they gave you make sense.
ParticipantDude, fix the problem and move on. Suing every cretin left and right is part of the problem with American society, not the solution.
ParticipantAFAIK, you don’t need to send in the 1098 in when you file. Figure out how much you paid in interest last year, deduct it if it puts you out of the standard deduction range, and worry if you ever get audited.
1098/1099 is a convenience (for both the gov’t and you), not a necessity to figure your taxes. Yeah, you could sue, but don’t you have better things to waste your time with?
ParticipantI’m not disagreeing with you on a national level, but in my experience, SFR prices in SD are sufficiently high as to render the lack of condo fees moot.
i.e., you can get a higher rent per $100k with condo fees subtracted on a condo than the rent per $100k on a house. If it’s a cash buy-and-hold, the lesser ability to get a mortgage on a condo vs an SFR is moot.
October 11, 2013 at 8:17 PM in reply to: Any of you doing anything to your money market accounts just in case of a default? #766773ParticipantMaybe. Crazy Janet is only one part of the equation — there are two voting seats changing on the FOMC that are being filled by quite conservative regional bank presidents. The makeup of the FOMC as a whole is getting more hawkish next year, thank G-d. Plosser and Fisher are both good men, and a good restraint on the Berkeley moonbattery of certain other people.
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