[temeculaguy]

Walter/Scardey, it’s actually quite simple, what you are doing without realizing it is the best hedge against inflation/devaluation. You are about to enter escrow while rates are around 4%, (for gods sake get a fixed rate) and you are buying property in an area where the prices are at a low or a norm, you are paying half peak and a fair price. You sir, are in the drivers seat on this one. This has happened before, it will happen again. We have had zero inflation for a while so we owe the gods some abnormal inflation, the pendulum will swing, just like it swung back in real estate, things find balance.

In the 1970’s my folks bought a house, a nice place for about 30k, their mort was about $400 (rates were higher then) and rent was about $300. 15 years later, I rented a cruddy apartment in a cheaper area for almost twice what my folks big house cost them, why? Inflation? Renters get hurt during inflationary times, renters have been having a great time for a few years now, rents have been stable, but that will likely change. Wages tend to go up at a slower pace, but they do catch up, the only thing that stays constant is a mortgage. This works for walter but San Diego is still one of the top ten worst places to buy compared to rents. Since the government cant get the prices of houses to rise, they can get the rents to go up and that will get people out from being underwater, it’s like the easy button at staples.

Is it a government conspiracy? Is it just the cycle of things? It doesn’t really matter, it will more than likely happen, having everything in cash is not the correct play if you think it will happen. Stocks benefit too, coomodities have a blast. If you fear something, get insurance for it.

Inflation/devaluation is not a “day trade” it’s an econimic fact and one that should be hedged against. You don’t need canned food and ammo, you just need to be defensive. I have a close friend who has been living in a South American country for about 20 years, they lived through hyperinflation and currency collapse, while owning a business. They made a killing during those times on real estate, their business lost money while their rentals became cash cows overnight. As an example, if I were to buy a 100k condo near my house that rents for 1k a month (something I’ve been exploring, but the prices have risen to 120k and the rent is the same, so I held off), if a 10-1 devaluation were to occur like it did in the country my friend lives in, I would still only owe the bank 100k, but rent would be 10k a month, it would be paid off in a year. I doubt we see anything like that, but if that is what you are afraid off, that is how you make it work for you. Stop seeing clouds scardey, look for the silver lining, it’s always there if you look.

[temeculaguy]

Walter/Scardey, it’s actually quite simple, what you are doing without realizing it is the best hedge against inflation/devaluation. You are about to enter escrow while rates are around 4%, (for gods sake get a fixed rate) and you are buying property in an area where the prices are at a low or a norm, you are paying half peak and a fair price. You sir, are in the drivers seat on this one. This has happened before, it will happen again. We have had zero inflation for a while so we owe the gods some abnormal inflation, the pendulum will swing, just like it swung back in real estate, things find balance.

In the 1970’s my folks bought a house, a nice place for about 30k, their mort was about $400 (rates were higher then) and rent was about $300. 15 years later, I rented a cruddy apartment in a cheaper area for almost twice what my folks big house cost them, why? Inflation? Renters get hurt during inflationary times, renters have been having a great time for a few years now, rents have been stable, but that will likely change. Wages tend to go up at a slower pace, but they do catch up, the only thing that stays constant is a mortgage. This works for walter but San Diego is still one of the top ten worst places to buy compared to rents. Since the government cant get the prices of houses to rise, they can get the rents to go up and that will get people out from being underwater, it’s like the easy button at staples.

Is it a government conspiracy? Is it just the cycle of things? It doesn’t really matter, it will more than likely happen, having everything in cash is not the correct play if you think it will happen. Stocks benefit too, coomodities have a blast. If you fear something, get insurance for it.

Inflation/devaluation is not a “day trade” it’s an econimic fact and one that should be hedged against. You don’t need canned food and ammo, you just need to be defensive. I have a close friend who has been living in a South American country for about 20 years, they lived through hyperinflation and currency collapse, while owning a business. They made a killing during those times on real estate, their business lost money while their rentals became cash cows overnight. As an example, if I were to buy a 100k condo near my house that rents for 1k a month (something I’ve been exploring, but the prices have risen to 120k and the rent is the same, so I held off), if a 10-1 devaluation were to occur like it did in the country my friend lives in, I would still only owe the bank 100k, but rent would be 10k a month, it would be paid off in a year. I doubt we see anything like that, but if that is what you are afraid off, that is how you make it work for you. Stop seeing clouds scardey, look for the silver lining, it’s always there if you look.

[temeculaguy]

Walter/Scardey, it’s actually quite simple, what you are doing without realizing it is the best hedge against inflation/devaluation. You are about to enter escrow while rates are around 4%, (for gods sake get a fixed rate) and you are buying property in an area where the prices are at a low or a norm, you are paying half peak and a fair price. You sir, are in the drivers seat on this one. This has happened before, it will happen again. We have had zero inflation for a while so we owe the gods some abnormal inflation, the pendulum will swing, just like it swung back in real estate, things find balance.

In the 1970’s my folks bought a house, a nice place for about 30k, their mort was about $400 (rates were higher then) and rent was about $300. 15 years later, I rented a cruddy apartment in a cheaper area for almost twice what my folks big house cost them, why? Inflation? Renters get hurt during inflationary times, renters have been having a great time for a few years now, rents have been stable, but that will likely change. Wages tend to go up at a slower pace, but they do catch up, the only thing that stays constant is a mortgage. This works for walter but San Diego is still one of the top ten worst places to buy compared to rents. Since the government cant get the prices of houses to rise, they can get the rents to go up and that will get people out from being underwater, it’s like the easy button at staples.

Is it a government conspiracy? Is it just the cycle of things? It doesn’t really matter, it will more than likely happen, having everything in cash is not the correct play if you think it will happen. Stocks benefit too, coomodities have a blast. If you fear something, get insurance for it.

Inflation/devaluation is not a “day trade” it’s an econimic fact and one that should be hedged against. You don’t need canned food and ammo, you just need to be defensive. I have a close friend who has been living in a South American country for about 20 years, they lived through hyperinflation and currency collapse, while owning a business. They made a killing during those times on real estate, their business lost money while their rentals became cash cows overnight. As an example, if I were to buy a 100k condo near my house that rents for 1k a month (something I’ve been exploring, but the prices have risen to 120k and the rent is the same, so I held off), if a 10-1 devaluation were to occur like it did in the country my friend lives in, I would still only owe the bank 100k, but rent would be 10k a month, it would be paid off in a year. I doubt we see anything like that, but if that is what you are afraid off, that is how you make it work for you. Stop seeing clouds scardey, look for the silver lining, it’s always there if you look.

[temeculaguy]

Walter/Scardey, it’s actually quite simple, what you are doing without realizing it is the best hedge against inflation/devaluation. You are about to enter escrow while rates are around 4%, (for gods sake get a fixed rate) and you are buying property in an area where the prices are at a low or a norm, you are paying half peak and a fair price. You sir, are in the drivers seat on this one. This has happened before, it will happen again. We have had zero inflation for a while so we owe the gods some abnormal inflation, the pendulum will swing, just like it swung back in real estate, things find balance.

In the 1970’s my folks bought a house, a nice place for about 30k, their mort was about $400 (rates were higher then) and rent was about $300. 15 years later, I rented a cruddy apartment in a cheaper area for almost twice what my folks big house cost them, why? Inflation? Renters get hurt during inflationary times, renters have been having a great time for a few years now, rents have been stable, but that will likely change. Wages tend to go up at a slower pace, but they do catch up, the only thing that stays constant is a mortgage. This works for walter but San Diego is still one of the top ten worst places to buy compared to rents. Since the government cant get the prices of houses to rise, they can get the rents to go up and that will get people out from being underwater, it’s like the easy button at staples.

Is it a government conspiracy? Is it just the cycle of things? It doesn’t really matter, it will more than likely happen, having everything in cash is not the correct play if you think it will happen. Stocks benefit too, coomodities have a blast. If you fear something, get insurance for it.

Inflation/devaluation is not a “day trade” it’s an econimic fact and one that should be hedged against. You don’t need canned food and ammo, you just need to be defensive. I have a close friend who has been living in a South American country for about 20 years, they lived through hyperinflation and currency collapse, while owning a business. They made a killing during those times on real estate, their business lost money while their rentals became cash cows overnight. As an example, if I were to buy a 100k condo near my house that rents for 1k a month (something I’ve been exploring, but the prices have risen to 120k and the rent is the same, so I held off), if a 10-1 devaluation were to occur like it did in the country my friend lives in, I would still only owe the bank 100k, but rent would be 10k a month, it would be paid off in a year. I doubt we see anything like that, but if that is what you are afraid off, that is how you make it work for you. Stop seeing clouds scardey, look for the silver lining, it’s always there if you look.

[temeculaguy]

[quote]
She’ll get her’s also but he’ll still get his pension benefits even if he gets fired.[/quote]

Actually he probably wont get a pension or benefits. I googled his name, looks like he was in recruiting, other articles say he has 11 years on the department and is 39 years old. He’s not vested in the pension system. Most pensions require he be 50 years old with at least ten years on, or 20 years on if he’s under 50. If he was retirement eligible right now, you’d see him retire today, they can’t take the pension from a retiree for conduct but they certainly can take it from someone still on the job and they do it all the time. The first clue is the paid admin leave, if he was retirement eligible, he would have already done it.

The exception is that after ten years, some pensions systems allow a deferred retirement because they are social security ineligible. After 10 years on, they can get this. It equates to 2% per year of service but doen’t kick in until they are ss eligible at 62. So lets say he makes 7k a month, he get’s 22% of that starting 23 years from now. And likely no medical. That’s not adjusted for inflation until the payment begins, then it goes up with inflation each year. So in the year 2033 he will get $1400 a month, if he goes that route, likly they will block him. Even so, in 2033, $1400 might be what a car payment is, it also might be his cable bill. I know a guy who did something similar, but he wasn’t accused of anything just had a better opportunity and left after about 12 years as a cop, that was 25-30 years ago. He gets about $200 a month right now.

[temeculaguy]

[quote]
She’ll get her’s also but he’ll still get his pension benefits even if he gets fired.[/quote]

Actually he probably wont get a pension or benefits. I googled his name, looks like he was in recruiting, other articles say he has 11 years on the department and is 39 years old. He’s not vested in the pension system. Most pensions require he be 50 years old with at least ten years on, or 20 years on if he’s under 50. If he was retirement eligible right now, you’d see him retire today, they can’t take the pension from a retiree for conduct but they certainly can take it from someone still on the job and they do it all the time. The first clue is the paid admin leave, if he was retirement eligible, he would have already done it.

The exception is that after ten years, some pensions systems allow a deferred retirement because they are social security ineligible. After 10 years on, they can get this. It equates to 2% per year of service but doen’t kick in until they are ss eligible at 62. So lets say he makes 7k a month, he get’s 22% of that starting 23 years from now. And likely no medical. That’s not adjusted for inflation until the payment begins, then it goes up with inflation each year. So in the year 2033 he will get $1400 a month, if he goes that route, likly they will block him. Even so, in 2033, $1400 might be what a car payment is, it also might be his cable bill. I know a guy who did something similar, but he wasn’t accused of anything just had a better opportunity and left after about 12 years as a cop, that was 25-30 years ago. He gets about $200 a month right now.

[temeculaguy]

[quote]
She’ll get her’s also but he’ll still get his pension benefits even if he gets fired.[/quote]

Actually he probably wont get a pension or benefits. I googled his name, looks like he was in recruiting, other articles say he has 11 years on the department and is 39 years old. He’s not vested in the pension system. Most pensions require he be 50 years old with at least ten years on, or 20 years on if he’s under 50. If he was retirement eligible right now, you’d see him retire today, they can’t take the pension from a retiree for conduct but they certainly can take it from someone still on the job and they do it all the time. The first clue is the paid admin leave, if he was retirement eligible, he would have already done it.

The exception is that after ten years, some pensions systems allow a deferred retirement because they are social security ineligible. After 10 years on, they can get this. It equates to 2% per year of service but doen’t kick in until they are ss eligible at 62. So lets say he makes 7k a month, he get’s 22% of that starting 23 years from now. And likely no medical. That’s not adjusted for inflation until the payment begins, then it goes up with inflation each year. So in the year 2033 he will get $1400 a month, if he goes that route, likly they will block him. Even so, in 2033, $1400 might be what a car payment is, it also might be his cable bill. I know a guy who did something similar, but he wasn’t accused of anything just had a better opportunity and left after about 12 years as a cop, that was 25-30 years ago. He gets about $200 a month right now.

[temeculaguy]

[quote]
She’ll get her’s also but he’ll still get his pension benefits even if he gets fired.[/quote]

Actually he probably wont get a pension or benefits. I googled his name, looks like he was in recruiting, other articles say he has 11 years on the department and is 39 years old. He’s not vested in the pension system. Most pensions require he be 50 years old with at least ten years on, or 20 years on if he’s under 50. If he was retirement eligible right now, you’d see him retire today, they can’t take the pension from a retiree for conduct but they certainly can take it from someone still on the job and they do it all the time. The first clue is the paid admin leave, if he was retirement eligible, he would have already done it.

The exception is that after ten years, some pensions systems allow a deferred retirement because they are social security ineligible. After 10 years on, they can get this. It equates to 2% per year of service but doen’t kick in until they are ss eligible at 62. So lets say he makes 7k a month, he get’s 22% of that starting 23 years from now. And likely no medical. That’s not adjusted for inflation until the payment begins, then it goes up with inflation each year. So in the year 2033 he will get $1400 a month, if he goes that route, likly they will block him. Even so, in 2033, $1400 might be what a car payment is, it also might be his cable bill. I know a guy who did something similar, but he wasn’t accused of anything just had a better opportunity and left after about 12 years as a cop, that was 25-30 years ago. He gets about $200 a month right now.

[temeculaguy]

[quote]
She’ll get her’s also but he’ll still get his pension benefits even if he gets fired.[/quote]

Actually he probably wont get a pension or benefits. I googled his name, looks like he was in recruiting, other articles say he has 11 years on the department and is 39 years old. He’s not vested in the pension system. Most pensions require he be 50 years old with at least ten years on, or 20 years on if he’s under 50. If he was retirement eligible right now, you’d see him retire today, they can’t take the pension from a retiree for conduct but they certainly can take it from someone still on the job and they do it all the time. The first clue is the paid admin leave, if he was retirement eligible, he would have already done it.

The exception is that after ten years, some pensions systems allow a deferred retirement because they are social security ineligible. After 10 years on, they can get this. It equates to 2% per year of service but doen’t kick in until they are ss eligible at 62. So lets say he makes 7k a month, he get’s 22% of that starting 23 years from now. And likely no medical. That’s not adjusted for inflation until the payment begins, then it goes up with inflation each year. So in the year 2033 he will get $1400 a month, if he goes that route, likly they will block him. Even so, in 2033, $1400 might be what a car payment is, it also might be his cable bill. I know a guy who did something similar, but he wasn’t accused of anything just had a better opportunity and left after about 12 years as a cop, that was 25-30 years ago. He gets about $200 a month right now.

[temeculaguy]

Actually I just found it

http://www.redfin.com/CA/Winchester/35021-Via-Laguna-92596/home/12505741

They paid 582k, some idiot at the bank loaned them another 200k probably in a heloc because it was repo’d back for 780k and you can buy it right now for 150k.

I just did more research on redfin, looked at all the sales for three years, looked the sales price history for each of them and for the most part, the homes on that street went new in 05 and 06 for about 500k, they began going down from there, by early 08 they were 400k, by late 08 the were in the low 3’s and now in the 2’s. Other than that house, I didn’t even find one that broke 6ook. I still don’t understand where they get the support to sensationize a story and call it a million dollar home?

I actually like this new math, I’m going to start telling women I have a 22 inch……forget it, even I wouldn’t believe that, but then again, people believed there were million dollar homes in French Valley.

[temeculaguy]

Actually I just found it

http://www.redfin.com/CA/Winchester/35021-Via-Laguna-92596/home/12505741

They paid 582k, some idiot at the bank loaned them another 200k probably in a heloc because it was repo’d back for 780k and you can buy it right now for 150k.

I just did more research on redfin, looked at all the sales for three years, looked the sales price history for each of them and for the most part, the homes on that street went new in 05 and 06 for about 500k, they began going down from there, by early 08 they were 400k, by late 08 the were in the low 3’s and now in the 2’s. Other than that house, I didn’t even find one that broke 6ook. I still don’t understand where they get the support to sensationize a story and call it a million dollar home?

I actually like this new math, I’m going to start telling women I have a 22 inch……forget it, even I wouldn’t believe that, but then again, people believed there were million dollar homes in French Valley.

[temeculaguy]

Actually I just found it

http://www.redfin.com/CA/Winchester/35021-Via-Laguna-92596/home/12505741

They paid 582k, some idiot at the bank loaned them another 200k probably in a heloc because it was repo’d back for 780k and you can buy it right now for 150k.

I just did more research on redfin, looked at all the sales for three years, looked the sales price history for each of them and for the most part, the homes on that street went new in 05 and 06 for about 500k, they began going down from there, by early 08 they were 400k, by late 08 the were in the low 3’s and now in the 2’s. Other than that house, I didn’t even find one that broke 6ook. I still don’t understand where they get the support to sensationize a story and call it a million dollar home?

I actually like this new math, I’m going to start telling women I have a 22 inch……forget it, even I wouldn’t believe that, but then again, people believed there were million dollar homes in French Valley.

[temeculaguy]

Actually I just found it

http://www.redfin.com/CA/Winchester/35021-Via-Laguna-92596/home/12505741

They paid 582k, some idiot at the bank loaned them another 200k probably in a heloc because it was repo’d back for 780k and you can buy it right now for 150k.

I just did more research on redfin, looked at all the sales for three years, looked the sales price history for each of them and for the most part, the homes on that street went new in 05 and 06 for about 500k, they began going down from there, by early 08 they were 400k, by late 08 the were in the low 3’s and now in the 2’s. Other than that house, I didn’t even find one that broke 6ook. I still don’t understand where they get the support to sensationize a story and call it a million dollar home?

I actually like this new math, I’m going to start telling women I have a 22 inch……forget it, even I wouldn’t believe that, but then again, people believed there were million dollar homes in French Valley.

[temeculaguy]

Actually I just found it

http://www.redfin.com/CA/Winchester/35021-Via-Laguna-92596/home/12505741

They paid 582k, some idiot at the bank loaned them another 200k probably in a heloc because it was repo’d back for 780k and you can buy it right now for 150k.

I just did more research on redfin, looked at all the sales for three years, looked the sales price history for each of them and for the most part, the homes on that street went new in 05 and 06 for about 500k, they began going down from there, by early 08 they were 400k, by late 08 the were in the low 3’s and now in the 2’s. Other than that house, I didn’t even find one that broke 6ook. I still don’t understand where they get the support to sensationize a story and call it a million dollar home?

I actually like this new math, I’m going to start telling women I have a 22 inch……forget it, even I wouldn’t believe that, but then again, people believed there were million dollar homes in French Valley.

[temeculaguy]

I wonder of the reporters even check their facts with any databases? The story claims it’s a Million Dollar home in Temecula. I hope the rest of the story is correct but it’s not a MILLION DOLLAR HOME and it’s not in TEMECULA. I was curious when I watched the story from the link, thinking this might be in my neighborhood, so I ran a little search of other news outlets and found the street is Via Laguna and it’s in Winchester. A quick check of zillow and I see they were built in 2005, seem to sell for about 500k new, saw a few peak in the 6’s, one or two in the 7’s and can all be had for between 270k and 330k now. Looking at the map, it’s near Winchester Rd and Pourry Rd, North of Lake Skinner and South of Lake Domengioni. That’s North French Valley, North of Murrieta, almost Hemet. I ran a mapquest, it’s a 26 minute drive from my home in Temecula, the same distance from my home to San Marcos, Vista and Escondido. Do they not let reporters use the internet? Do they still have editors or producers or news shows, is ot so hard to look at comps before declaring a home’s value

So if a 300k home get’s vandalized in National City, maybe the reporter can write a headline like “Million dollar home in Rancho Bernardo is vandalized.” It would be just as accurate.

[Author]

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