[surveyor]

Like I said pri I am not judging the merits or non-merits of the situation, but I see you guys talking all the time about how expensive materials are, how expensive housing is, how companies are not spending money in the U.S. and hoarding it outside in other countries, and how greedy companies are by charging an arm and a leg for housing.

And because of stories like this, why should businesses invest? Why should businesses make things cheaper? Why should businesses hire?

And yes it would be nice for companies to grow in tech, renewable energy, bio, but with all the regulations in place to stop them, why bother? You want to use Apple as a nice example, and it is, but it was started 30 years ago when there weren’t nearly as much regulations and resistance.

And maybe the quarry was going to create 100 direct jobs. How many of those jobs would result in other jobs because those 100 jobs would be spending their money in Temecula? Sure, maybe those 100 people would buy houses in Temecula, but they would also buy from the local furniture stores, buy at the local Costco, and so on. But instead the message is don’t bother doing business in Temecula, California, in the U.S. because you try to invest that money, it will be wasted away by refusing to certify an EIR.

Perhaps digging massive holes in the ground is not a growth industry, but do you think we would have been able to build a freakin’ aqueduct down the center of California with the environmental regulations today? How much would water cost here in southern California if it weren’t for that aqueduct? Ripple effect, dude.

It would be nice if we could get companies that don’t have an environmental impact, that create cheap renewable energy, and provide good jobs, but they rarely exist.

Look at that solar company that Obama championed for green jobs. Bankruptcy.

Look at Boeing, trying to expand operations in South Carolina. Federal interference.

Gibson guitars.

Just saying that next time people here call out how greedy companies are for charging $500k for a house on which they do a profit of $10k on a process that took 20 years to accomplish, you might want to consider this example.

[surveyor]

If you ever wonder why there aren’t more jobs out there, this thread and commentary is a good example of why.

Not judging on the merits of the situation, but I see this kind of thing all the time.

[surveyor]

If you ever wonder why there aren’t more jobs out there, this thread and commentary is a good example of why.

Not judging on the merits of the situation, but I see this kind of thing all the time.

[surveyor]

If you ever wonder why there aren’t more jobs out there, this thread and commentary is a good example of why.

Not judging on the merits of the situation, but I see this kind of thing all the time.

[surveyor]

[quote=zk]Surveyor, I’d be interested to hear any remotely plausible scenarios where this doesn’t stay there.[/quote]

It’s already happening. Libya, Egypt, Bahrain will be taken over by Islamists. Islamists are already cultivating jihadis to strike at America and her interests. Pakistan is a whit away from being taken over by Islamists and the Iranians practically have the bomb. Saudi Arabia and other Arab states are desperate to get nuclear in order to counteract Iran. All of these places broadcast “hate America” and “America die die die” 24/7.

I agree, it will not be a major military confrontation like WWI or WWII. It will be more like what Israel goes through, with multiple jihadi attacks. You will probably see a lot of American citizens targeted or being killed abroad. Or it will be through major disruptions to our economy. Also consider this: our world is even more connected together and more interdependent today than it was in WWI and WWII.

Like I said, it’s already happened. 9/11 brought that chaos from over there to us here and it has continued. In all scenarios, I don’t see it NOT coming here somehow.

[surveyor]

[quote=zk]Surveyor, I’d be interested to hear any remotely plausible scenarios where this doesn’t stay there.[/quote]

It’s already happening. Libya, Egypt, Bahrain will be taken over by Islamists. Islamists are already cultivating jihadis to strike at America and her interests. Pakistan is a whit away from being taken over by Islamists and the Iranians practically have the bomb. Saudi Arabia and other Arab states are desperate to get nuclear in order to counteract Iran. All of these places broadcast “hate America” and “America die die die” 24/7.

I agree, it will not be a major military confrontation like WWI or WWII. It will be more like what Israel goes through, with multiple jihadi attacks. You will probably see a lot of American citizens targeted or being killed abroad. Or it will be through major disruptions to our economy. Also consider this: our world is even more connected together and more interdependent today than it was in WWI and WWII.

Like I said, it’s already happened. 9/11 brought that chaos from over there to us here and it has continued. In all scenarios, I don’t see it NOT coming here somehow.

[surveyor]

[quote=zk]Surveyor, I’d be interested to hear any remotely plausible scenarios where this doesn’t stay there.[/quote]

It’s already happening. Libya, Egypt, Bahrain will be taken over by Islamists. Islamists are already cultivating jihadis to strike at America and her interests. Pakistan is a whit away from being taken over by Islamists and the Iranians practically have the bomb. Saudi Arabia and other Arab states are desperate to get nuclear in order to counteract Iran. All of these places broadcast “hate America” and “America die die die” 24/7.

I agree, it will not be a major military confrontation like WWI or WWII. It will be more like what Israel goes through, with multiple jihadi attacks. You will probably see a lot of American citizens targeted or being killed abroad. Or it will be through major disruptions to our economy. Also consider this: our world is even more connected together and more interdependent today than it was in WWI and WWII.

Like I said, it’s already happened. 9/11 brought that chaos from over there to us here and it has continued. In all scenarios, I don’t see it NOT coming here somehow.

[surveyor]

[quote=zk]Surveyor, I’d be interested to hear any remotely plausible scenarios where this doesn’t stay there.[/quote]

It’s already happening. Libya, Egypt, Bahrain will be taken over by Islamists. Islamists are already cultivating jihadis to strike at America and her interests. Pakistan is a whit away from being taken over by Islamists and the Iranians practically have the bomb. Saudi Arabia and other Arab states are desperate to get nuclear in order to counteract Iran. All of these places broadcast “hate America” and “America die die die” 24/7.

I agree, it will not be a major military confrontation like WWI or WWII. It will be more like what Israel goes through, with multiple jihadi attacks. You will probably see a lot of American citizens targeted or being killed abroad. Or it will be through major disruptions to our economy. Also consider this: our world is even more connected together and more interdependent today than it was in WWI and WWII.

Like I said, it’s already happened. 9/11 brought that chaos from over there to us here and it has continued. In all scenarios, I don’t see it NOT coming here somehow.

[surveyor]

[quote=zk]Surveyor, I’d be interested to hear any remotely plausible scenarios where this doesn’t stay there.[/quote]

It’s already happening. Libya, Egypt, Bahrain will be taken over by Islamists. Islamists are already cultivating jihadis to strike at America and her interests. Pakistan is a whit away from being taken over by Islamists and the Iranians practically have the bomb. Saudi Arabia and other Arab states are desperate to get nuclear in order to counteract Iran. All of these places broadcast “hate America” and “America die die die” 24/7.

I agree, it will not be a major military confrontation like WWI or WWII. It will be more like what Israel goes through, with multiple jihadi attacks. You will probably see a lot of American citizens targeted or being killed abroad. Or it will be through major disruptions to our economy. Also consider this: our world is even more connected together and more interdependent today than it was in WWI and WWII.

Like I said, it’s already happened. 9/11 brought that chaos from over there to us here and it has continued. In all scenarios, I don’t see it NOT coming here somehow.

[surveyor]

[quote=temeculaguy]I say, who cares as long as it stays over there, I can’t think of a time in history where the middle east was peaceful, nor do envision a future where it will be. [/quote]

Go read how WWI and WWII started. Stuff like that never just “stays” there.

[surveyor]

[quote=temeculaguy]I say, who cares as long as it stays over there, I can’t think of a time in history where the middle east was peaceful, nor do envision a future where it will be. [/quote]

Go read how WWI and WWII started. Stuff like that never just “stays” there.

[surveyor]

[quote=temeculaguy]I say, who cares as long as it stays over there, I can’t think of a time in history where the middle east was peaceful, nor do envision a future where it will be. [/quote]

Go read how WWI and WWII started. Stuff like that never just “stays” there.

[surveyor]

[quote=temeculaguy]I say, who cares as long as it stays over there, I can’t think of a time in history where the middle east was peaceful, nor do envision a future where it will be. [/quote]

Go read how WWI and WWII started. Stuff like that never just “stays” there.

[surveyor]

[quote=temeculaguy]I say, who cares as long as it stays over there, I can’t think of a time in history where the middle east was peaceful, nor do envision a future where it will be. [/quote]

Go read how WWI and WWII started. Stuff like that never just “stays” there.

[surveyor]

[quote=wanttobuy]As for out of state investment or out of SD investment, even if with the same amount of money, one can get a SFR instead of Cando, but if SD market is doing better overall, we could see the same level of return, right? Any thoughts?[/quote]

San Diego (and the major California cities) enjoy a very low vacancy rate among rentals, whether SFR or condos or multi-units. However, because of this, the price of units in San Diego is very high, usually around $150k or more per unit.

Other locations outside these markets tend to have a higher vacancy rate. However, their per unit cost is much lower than San Diego. Some areas can go for $50k per unit or even less. However, they are not high rental areas and so sometimes you will go several months with a vacancy.

For example, perhaps you will be able to get a San Diego SFR for around $250k or so. Maybe if you’re lucky you can get one for $180k. It will probably pencil out as an investment.

However, in other locations you can get a 4 unit for about $120k to about $200k. These 4 units are available in pretty major cities. Your vacancy rate in these properties would run to around 10%.

Other advantages of other markets? Well, if your San Diego rental goes vacant, you are out the complete mortgage payment (maybe $1000 a month). For the 4 unit, you will theoretically still have 1 to 3 tenants paying the bill. So maybe you’re not hurt as much.

My own situation, I’ve been lucky with the rentals in other markets except one. In the beginning, my South Carolina 4 unit had a vacancy for awhile, but only for the first year. After that it has been continually rented. I’ve had some tenants go but the property manager has been able to get it rented in less than a month. My Alabama 4 unit property has been more problematic, it’s had quite a few vacancies (once it had three vacancies). However, since it cost only $115k, the mortgage payment was not difficult to handle (about $700 without tax and insurance). The one market that has proven difficult to rent in is surprisingly Denver, which is a fairly major city, but it has been having deep economic problems for awhile now and there is intense competition for tenants in that market.

I’ve been sitting pat on my investments for awhile, mostly focusing on getting them to perform better. However, I no longer look at San Diego to invest in because a) that’s what everyone wants to do and b) I’d rather purchase a $100k 4 unit property than a $200k San Diego SFR.

Hope that helps.

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