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November 24, 2012 at 2:22 PM in reply to: I’m thinking of building a house on the back of my OB lot #755211
spdrun
ParticipantFor what it’s worth, San Diego area feels more segregated than many East Coast cities. In a town where more people drive, there are simply fewer opportunities for contact between different “classes.”
ParticipantFor what it’s worth, I drove from rural VA to DC this Friday (and back!). Plenty of shopping venues/strips along the way (4-lane non-freeway highway). None seemed totally packed, and traffic was very light for the day after Thanksgiving.
ParticipantCause/effect?
Perhaps the apes are able to climb higher BECAUSE of their large genitals and excellent health.
ParticipantStrangely enough, it’s the Gen Y folk that are rehabbing craptastic properties around here. Guess that East Coast people still expect to put in a bit of blood, sweat, and tears when they buy ANY house.
ParticipantCalifornia and Vermont and New England in general are about the same in terms of the freedom deficit.
You’d of course be very wrong. New Hampshire (and to some extent Vermont) have tended to be very libertarian. Oh right, and VT has a less restrictive pistol carry law than TX if you’re into that sort of thing. Not to mention not being controlled by the pseudo-Christian right, so they’re more socially libertarian than Texas. Gay marriage is legal, etc/so forth.
The difference is that, being reserved New Englanders, they tend not to flaunt their “libertarianism” in people’s faces, just practice it quietly.
ParticipantWhat about one of the non-Mass. New England states? Generally educated/civilized population, strong tradition of good/locally-based governance, beautiful towns and landscape, NH and VT both have unemployment rates lower than TX.
Also, look at TOTAL tax burden, not just income tax. Property taxes in TX are often much higher than CA.
ParticipantSorry, but bubble-level prices were not “fair” by any stretch of the imagination. And people who bought during the 80s and 90s can still sell now and make a profit, provided that they didn’t over-leverage. If they over-leveraged, they already DID pull out their profit. (i.e. cry me a river). So the smart boomers can still profit.
“Comfortable area” doesn’t mean La Jolla. It means a reasonably safe area with amenities that’s not 2 hr crawl in traffic from all decent jobs.
As far as Gen-Y folk, I know quite a few people on the East Coast who are buying, fixing, and renting out. They’re smart, mechanically adept, and willing to work a bit to make a buck. I don’t think that SoCal is all that different.
ParticipantNeighbors’ values? Low housing values are a good thing in the long run. They allow Gen-Y folk to buy in comfortable areas and derive rental income, while kicking the butts of X’ers and boomers who overpaid anyway.
In short, people who rode the gravy train too long are getting the shaft and it’s karmic justice in my book. <3
And yes, a lot of the properties that are available are in poor shape. But if they end up sufficiently cheap, they can be fixed up -- investing should be about sweat equity AS WELL AS passive activities.
ParticipantIMO, you shouldn’t skimp (or obsess over cost) on the things you spend the most time with – bed, TV, car, phone.
If you are spending anywhere close to “most” time in front of the stupid-panel (“tube” doesn’t really apply anymore, does it?), you need better hobbies.
ParticipantWhy bother calling the FBI? Reduced comps are good for ALL buy-to-rental investors . Enjoy it while it lasts, and kick the bums out!!
ParticipantWhich is why it’s better to buy a TV on Craigslist.
(a) it’s cheaper
(b) it f**ks the Chinese out of profit on a new TVParticipantDepending what kind of “Asians” are running the place, French food may not be all that hard to understand. l’Indochine…
ParticipantFukushima accident had nothing on Chernobyl. (Not to mention that Chernobyl happened during a botched test under normal conditions, not after a catastrophe.)
ParticipantChernobyl (RBMK reactor) was basically a poor copy of a 1st-generation Hanford plutonium production reactor modified to produce some electricity. Oh, and the control rods had the cute property of SPEEDING UP the fission reaction when first inserted.
Those reactors are basically irrelevant in a safety discussion of modern reactor tech. Fukushima is more relevant — but again, it was a mid-60s design.
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