Forum Replies Created
-
AuthorPosts
-
svelteParticipantPretty much anything that is not coastal is very conservative in California.
svelteParticipantStarting to hear rumblings that AirBnB hosts are starting to feel pain nationwide. This may be less of a problem in San Diego, I don’t know, but it is something to keep an eye on.
If AirBnB owners in SD start to bail, we may see another leg down.
svelteParticipantPigs vs Humans
Story that has fascinated me this week: four twenty-something men take off on their bicycles at 8 PM on Sunday apparently for a night of thievery. They never return home. That Friday their chopped-up bodies are found in a river south of town. A nearby junk yard owner disappears on the run. He was 9 years in to a 10 year postponement of a felony charge. Guess he’ll probably be back in the pokey soon.
Just another week in Okmulgee.
Moral of the story: a junkyard owner is meaner than four grown men.
I now return you to the pigs.
October 14, 2022 at 4:08 PM in reply to: Krugman: interest rates would return to virtually nothing once the inflation fight is over #826813svelteParticipant[quote=an]Wonder when the inflation fight will be over. It’s transitory, right?[/quote]
You’re implying it’ll be a while and I think you are right.
Interest rates may indeed go low again but I bet it will take a few years. Just my opinion.
This sure feels like a replay of the 1970s even with OPEC ratcheting down production. History doesn’t repeat itself but it rhymes.
October 8, 2022 at 10:14 AM in reply to: You folks that took out 30 year loans / refinances at 3% or lower…you’re banking now. #826801svelteParticipant[quote=scaredyclassic]So if you have no extra monies and refinance, I agree, it’s all gravy. But if you have a 500k mortgage and much more than that in monies to possibly pay it off, and you refi, you are gambling you can do better than the interest rate you’re paying, after tax.
Gambling. Yep. Not a bad bet, but gambling.[/quote]
Agreed.
I can see both sides of the coin – nobody’s going to get severely burned whether they cash-out refied at a low rate and put that into CDs, or whether they paid off their mortgage and kept expenses low. Both are reasonable courses of action.
And neither course is going to have a major impact on finances. One isn’t drastically better than the other.
But I tend to think that folks who see a big pile of money in their accounts will think they can spend more. So there is a chance that it will get frittered away and the financial advantage (if interest rates continue to rise and there becomes a financial advantage – I don’t believe the numbers work at the moment) would disappear if that happened.
October 7, 2022 at 4:38 PM in reply to: You folks that took out 30 year loans / refinances at 3% or lower…you’re banking now. #826795svelteParticipant[quote=sdrealtor]Huge for mine also. I crave safety and security. I always pay my own way. Having minimal fixed monthly expenses changes everything about my being. It allows me a sense of calm and to fully be myself[/quote]
+1
“All I want is to have my peace of mind”
– BostonOctober 4, 2022 at 6:04 PM in reply to: You folks that took out 30 year loans / refinances at 3% or lower…you’re banking now. #826758svelteParticipant[quote=Coronita]
But it’s not your cash to begin with.. it’s borrowed. And if it was taken on a primary.. your equity was just sitting there doing nothing anyway. Your primary isn’t earning money..[/quote]
Neither is the money your borrowed.
Let’s say you borrowed 500,000 at 3%. That’s costing you $15K per year.
Let’s say you put that 500,000 in a CD earning 4.25%. That’s 21,250
21250- 15K = 6250.
Say you pay 30% taxes, state and fed. 21250 x .30 = 6375. You’re underwater.
Let’s be very generous and say you pay 25% taxes, state and fed.
21250 x .25 = 5312. you made $900.
October 4, 2022 at 3:33 PM in reply to: You folks that took out 30 year loans / refinances at 3% or lower…you’re banking now. #826756svelteParticipant[quote=Coronita][quote=scaredyclassic]well…really, you’re just breaking even after tax. not quite a winner yet[/quote]
Yes, but we know that this will change consider we still have a boatload of rate hikes coming….[/quote]
Imagine that cash will still be worth less every year when taking into account inflation. Even after more rate hikes.
svelteParticipantFat Leonard will! He’ll live the life of a millionaire in Venezuela! Grrrrr.
svelteParticipantThis entire situation is simply amazing to me, from the corruption that kicked it all off right up through Venezuela. The amount of bungling, incompetence, greed, corruption, stupidity, insanity and carelessness. Just amazing.
Yes we as a species never learn. Each generation makes the same stupid decisions and mistakes.
svelteParticipant[quote=scaredyclassic] I’m of the opinion lately that we are incapable of changing and deserve to just die out.in fact im certain of it.[/quote]
I’m with you scaredy. I’ve slowly come to that opinion myself over the last 10-20 years.
Not sure if any of you watch the music reaction videos on YouTube, my wife and I are kind of addicted to them. It is fun to see a song through someone’s eyes/ears the first time they hear it. Brad & Lex’s channel is one of our favorites. They were just talking about change in a video they released this week covering David Bowie’s “Changes”:
Watch their conversation towards the end of the video.
I think of them as very young, yet they are already saying the folks younger than them are weird! The circle of life is making another revolution. Yet not much has changed.
Time may change me. But I can’t trace time.
October 2, 2022 at 7:36 PM in reply to: East County SD v St George for gzz’s budget McMansion lifestyle #826744svelteParticipantSounds like you are loving life- very happy for you!
Our last house we had roosters about 1500 ft away…up on a hill with nothing between our house and the roosters. It was very pleasant at that distance, we enjoyed the sound also.
August 6, 2022 at 12:07 AM in reply to: East County SD v St George for gzz’s budget McMansion lifestyle #826498svelteParticipant1% aint squat when you’re talking about happiness. Suck it up and buy it.
svelteParticipant[quote=scaredyclassic]revamp all roadways to accomodate electric bikes; half the capacity for cars, half for bicycles. make it actually feel safe for people, and then watch how many people ride their shortish commutes and errands by bike…cars should be rare, solely for the truly disabled, or the superwealthy, like flyer. ebikes should be the dominant vehicle in SD. Perhaps a $50/day tax for driving a car within SD.[/quote]
I’m OK with that as long as bikes pay for their infrastructure. So much gets paid for by the car gas taxes. Bikers should pay for their bike lanes. Users should pay for what they use.
It is going to be interesting to see how things get paid for once the percentage of electric cars on the roadway reaches a tipping point.
-
AuthorPosts