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svelteParticipant[quote=Escoguy]
The other day I got a call from a “buyer” asking me for a price on one I had bought a few months ago 92027 4BR 2400 SF. I threw out 950K partly to be ridiculous but partly as I think that is where the market will go in a year.Sure enough, just down the street one is now listed at 990K (with a pool)[/quote]
As you elude to, probably for sale by the “buyer” who called you!
svelteParticipantAnd back to the topic: I don’t really think that California in general is terrible at teaching math. I can tell you that my grandsons do math problems in their head when we travel places in the car. They are about at the same level I was at when I was their age, not noticeably behind and not noticeably ahead. But they love math and it gives us something to do while driving. It’s fun!
And San Marcos has a strong STEAM (Science Tech Engineering Art Math – not sure how art wiggled its way in there) program as does PUSD I believe.
Working with them and visiting their school, I can tell you I feel good about the state of our school system.
But…I do get this very odd mommy clique feeling when I stand there waiting to pick them up after school. I guess I should get over it, just a few more years and they’ll be asking me to park blocks away so they can act like they were hatched from an egg.
svelteParticipant[quote=David J]
One of my interviews was with a department at UCSD for a job that my experience lined up with quite well. The interview went really well from my point of view… The technical questions were cake and there really didn’t seem to be any problems. At the end of the interview, the female Asian department head thanked me for coming, but said that my military background would cause problems because the staff is very liberal and conservatives would not fit in with the other employees. I was taken aback for a couple of reasons. First, I couldn’t believe she was admitting this, and second, I was, politically, very much a liberal! I didn’t see a point in arguing with her, so I left.[/quote]I have to say that would p**s me off too.
On the flip side, there are employers out there who actually FAVOR veterans, and many of them like veterans with math skills.
And I know quite a few liberals in the military – I have no idea where this concept comes from that, if you’re in the military, you’re far right. Not true at all.
A couple years back, my son was looking for a dog. We quickly found out that the only dogs at the shelters were chihuahuas and pit bulls, neither of which my son wanted. “Animal Rescues” now suck up any other type of dog in the shelters and even import dogs from other countries to find homes for.
We determined the type of breed that my son liked, so the “Animal Rescue” for that breed in SD sent a woman over to interview us to see if we would make a good home. that I have to pass an interview to get a pet really irritates me – shoot I don’t have to pass an interview to bring a child into the world!!! And if these pets needed rescue and I’m offering to take one, well WTF. It’s a nice little mafia they have going there.
In any case, she sat on the couch and began interviewing us. yes we’ve had pets before. yes, they lived a long life. yes, we took them to the vet for their shots…shoot we spent thousands on surgeries for them. Then she asked what my son did. I said at that time he worked for a well known company that supports the defense industry. Her attitude immediately changed and she made a snide comment about war. I couldn’t believe it! He had a great paying job and she was sitting there judging us on the industry my son worked for!
I bit my tongue and didn’t say anything else. My family can read me like a book and they were well aware that if it would have been anyone else I would have asked them to leave. But for my son’s sake, I didn’t.
We found another “Animal Rescue” mafia in LA and took in a dog from them. That dog is treated like royalty in my home.
svelteParticipant[quote=sdrealtor]
The irony is those apartment managers changed the trajectory of your lives[/quote]
Totally agree!
And even more ironic than that? The rent increase never happened! We stayed friends with many in that complex and they would come over to visit…their rent didn’t go up as I recall.
The word probably got out and either there was a mini-mutiny in the office or too many ppl gave notice. Not sure what happened, but as you say the simple notion that we would be paying more changed our trajectory…
svelteParticipant[quote=Escoguy]
Then our apartment manager raised our rent for our 2BR from $1050 to $1150 when our initial six month lease was up.
.[/quote]lol this was part of what drove us to buy our first place in 1989.
My wife told me that the Gold Coast Apartments where we lived said they were going to raise our rent by (can’t remember, $100?) I said that’s it we’re outta here. So she found us condos to look at and we bought. I wanted something as close to a SFR as we could get so she found us a 3/2 townhouse.
When my wife went to the rental office to give notice, the owner was also there. He asked her why we were leaving and she said “because you’re raising our rent by $xxx!”. He looked a little surprised she knew and gave an angry glance at the manager.
The next day we had a BBQ with our upstairs neighbors and told them the whole conversation. The bf half of the couple who worked construction said “WHAT?” he didn’t know about the rent increase. He looked at his gf and said “well we’re out of here too!”.
svelteParticipant[quote=sdrealtor]In 2001 neighbor sold house for 550. Could’ve gotten more but realtor slide in their buyer clients. In 2003 those buyers sold for $740. Same realtors pulled same crap and slide in buyers under market in late 03. [/quote]
Well while I sorta dissed my condo realtor for doing no work, she did get us a great sales price. We sold it for more $$ than any unit had ever sold in the complex. And I watched for another couple years after that – values started to slide so I don’t believe a sale price topped ours for a few years. She did us right.
svelteParticipant[quote=sdrealtor]My parents moved to SD in mid 80’s. They were trying to convince my then GF and I to move here. Prices were moving fast between mid and late 80’s. People were camping out for houses then.So when comparing prices from say 86 to 88 or 89 its important to consider they were increasing crazy fast over that period. Though nothing like we are seeing now[/quote]
I do remember those days, and agree today blows that away.
We bought that first place for 100K in 1989 and sold it in 1992 for 135 (prices within a grand or two, I’d have to look). 35% in three years, 30% after realtors fees if I recall. I’m not quite sure how we worked it as prices were already sliding by 1992. My realtor didn’t show up for the first showing (I believe my realtor was both buying and selling realtor) so I showed the house, explained all the features…they bought it that day full price…realtor did nothing but put it on the MLS and collect her fee!
We bought a brand new house in 1992 and a few of our neighbors were a little upset that we paid quite a bit less than they did just 6 months earlier. As prices continued to slide for the next couple of years, I remember all of the neighbors standing in the middle of the street saying “What are we going to do?”. So I asked “do you plan on selling in the next year or two?” They all said no. So I told them to enjoy the temporary reduction in property taxes and not to worry! It’s SoCal! Prices will come back!
svelteParticipant[quote=an]Model match base on what you posted was 10576 Giffin Way and 10526 Darwell Ct. So, 99k to $141k. So, we’re looking at $40k appreciation in 2 years or ~40%.
[/quote]Interesting! This explains why in 1989 my wife and I ran out and bought a 3/2 condo for $100K. We were freaking out about the price increases.
Same fear that is driving one of my sons to buy a 3/2 house in northern California this month!
On the bright side, that condo purchase was one of the better decisions we’ve ever made…it is what enabled our future purchases…
svelteParticipant[quote=an]
As for my original statement of 10X, already conceded that 10x was an over estimation. Small 4/2 in MM were going for ~$40k and not $16k in the mid 70s, so it’s ~4x and not 10X. But, you were pointing out that stocks were crashing in the 70s, insinuating that housing did too. So, although it did not increase 10x, it did increase 4x. [/quote]
Fair enough! (hand shake)
svelteParticipant[quote=an][quote=svelte][quote=an][quote=svelte]
Totally bogus claim.[/quote]what development in Mira Mesa in 1987 was going for 100-105k for a 3/2 1500 sqft house?[/quote]I can’t recall the name and I didn’t save any brochures. All I can tell you is that it was south of MM Blvd and west of Westonhill. I can’t remember any more than that.[/quote]
These are the only one that’s new around 1987 that’s 3/2 1500 sqft South of MM. 7528 Flanders Dr, San Diego, CA 92126. This one sold for 160k in 1988. So your dad was getting a crazy deal.[/quote]It looks as though SD Union and SD Tribune have taken their newspaper archives off of the normal archive sites and are hawking them on their own site at very high prices that I’m not willing to pay. If/when they make the prices reasonable, I’ll search the archives.
In the meantime, here is what I’ve found:
1986:
$99K – 10576 Giffin Way, San Diego, CA 92126, 1378 SF
$114K – 10596 Giffin Way, San Diego, CA 92126, 1366 SF$119K – 10596 Giffin Way, San Diego, CA 92126, 1366 SF
$119K – 10544 Bandell Ct, San Diego, CA 92126, 1366 SF1988:
$129K – 10546 Darwell Ct, San Diego, CA 92126, 1008 SF
$129K – 10546 Darwell Ct, San Diego, CA 92126 1008 SF
$141K – 10526 Darwell Ct, San Diego, CA 92126 1500 SF1997:
$160K – 10583 Giffin Way, San Diego, CA 92126 1284 SF1999:
$145K – 7672 Adkins Way, San Diego, CA 92126 1008 SFI would imagine what happened is that in 1987, we walked into a model and they had some unit that wasn’t selling that they were offering for $100-105K. That isn’t unreasonable given the $99K sales price above in 1986. It is right in line.
The $160K sales price you show for 1988 sounds really high actually.
Let’s go back to why I made the statement I made originally: you had said that houses went up 10x in the 1970s. If MM houses were selling for $120K in 1986, what you must be saying is houses were selling for $12K in 1970 and went up zero between 1980 and 1986. Neither of which is believable.
svelteParticipant[quote=an][quote=svelte]
Where did you get that 7528 sold in 1988 for $160K?[/quote]
You can see any house sales history in Redfin: https://www.redfin.com/CA/San-Diego/7528-Flanders-Dr-92126/home/4591280. You gave me the spec of the house and I know exactly which area of MM was built new around that time, so it helps me narrow down to the house to search.[/quote]I think the house we saw was on Dabney.
Not this exact one, but here is an example of a 1600 SF selling for 119K in 1985.
If anything, I’m probably wrong on the SF…it could be they started at 100K for less SF and went up a bit for 1500SF. That probably explains the discrepancy.
In any case, I remember the road intersecting MM Blvd, the house being on the west side of the street, and it being a model home. Of course its been 34 years so I could be slightly off. But not much.
[img_assist|nid=27367|title=1985 sale for 119K|desc=|link=node|align=left|width=466|height=157]
svelteParticipant[quote=an] [quote=an]
These are the only one that’s new around 1987 that’s 3/2 1500 sqft South of MM. 7528 Flanders Dr, San Diego, CA 92126. This one sold for 160k in 1988. So your dad was getting a crazy deal.[/quote]So svelte, did your dad end up buying the screaming deal of a house in MM in the late 80s for $100-105k? Or was it you who were looking to buy? I think that house is probably going for ~$900k today. 9X after ~35 years isn’t too shabby. Wonder if we’ll see another 9x in the next 35 years.Rewind the clock another 12 years and a similar house was going for ~$40k. So, we’re looking at ~22X return after ~50 years. Wonder if we’ll see ~22x return in the next 50 years. Just for shit and giggles, 22x today price would be $19.8m
[/quote]
My Dad didn’t buy in that year as he lived in northern California, he was visiting me as I was living on Gold Coast Drive at the time. I was wanting to buy so I showed him the “crazy” prices down here. I distinctly remember the price as $100-105K, maybe I have the square footage wrong. I’ll look at old newspapers this weekend if I get a chance as I’m sure there will be an ad – as long as 1987 newspapers are online now.
Where did you get that 7528 sold in 1988 for $160K?
svelteParticipant[quote=Coronita]
I do a bi-monthly, $2500 drip investment into a after tax vanguard admiral account
VFIAX,
VIMAX,
VTMSX,
VTINX,
VTIAX,and a tiny percentaage of it going to
VCAIX
VWITXit’s on autopilot and won’t change it.
My kid’s 529 account put everything into
Vanguard Target Enrollment 2024/2025 and also have 100% future auto-investments into that….
…but left a smaller $40k portion divided in
Vanguard total International Index
Vanguard Total Stock Market Index
Vanguard Income Portfolio11
Vanguard Inflation Protected SecuritiesI have currently parked 1/2 of my 401k/retirement in cash (the part in the brokerage account), and the other 1/2 in Fidelity funds that came with the employer, mostly index and Contrafund.
Trading account currently is at 75% cash, and in select banking and credit card stock…Waiting for a bigger correction.
Money from my cash out refinance went from stock to cash because I thought I had the rental property locked in. Waiting for correction too…[/quote]
I like your style flu. This seems like a very prudent thing to do given the current situation.
svelteParticipant[quote=Coronita]
I was thinking about doing the same thing….lol… I sold yesterday thinking that I would need to pay for the property…Now I need to go back in….I think Musk is trolling wall street.. He trashes bitcoin when all the analysts got on the buy bandwagon, and he’s cheerleading for dogecoin when all the analysts are saying it’s a joke…
Wait a few weeks and I bet he’ll change his tune… So… Musk-ish[/quote]
I think he’s intentionally juicing things when he’ll make $$ notice how he just received a big payout from Tesla (his milestone payouts are based on stock value, I believe) then the stock goes down.
I’d bet there is a similar self-motivation to the bitcoin and dogecoin statements.
Tesla is in a world of trouble. The company makes its money not on its cars but on the carbon credits it sells to other automakers, which they’ll no longer need to pay soon now that they have their own e-cars. I bet it eats them up that they’ve paid a competitor and it allowed them to become much stronger.
Factor into that a big drop in China sales recently and what I bet will be a tough time breaking into the European market – there was an article the other day about how new cars sales in Germany are tightly tied to corporations buying them for their employees, and guess where the corporate headquarters location is of the cars those corporations favor? Hint: it starts with “G”.
I’m not saying Tesla will go away – a more likely scenario is that when they fall back in the red, which I think is inevitable, that another company snaps them up. Probably Chinese or maybe Apple.
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