[The-Shoveler]

LOL
IMO it really does not make much sense to spend Millions on a vacation home you only visit a few times a year, unless maybe you have 30 or so million sitting around doing nothing LOL.

Just book a room at a 5-star hotel, much easier and probably less than maintenance on a beach home IMO.

[The-Shoveler]

If you have a paid off primary (bought maybe 20-30 years ago), your tax rate should be fairly low.
So staying put probably is a better option all considered.

(like sdr I am staying put until they wheel me out)

If you bought in a really expensive area with a really high MR, but then you are probably not worried about it either as you probably can afford it.

[The-Shoveler]

Actually California has for been a Red state probably longer than a blue state, and has switched back and forth since I have been here.
Probably will again someday.

[The-Shoveler]

YoungShoveler Go big in 2009

[The-Shoveler]

I think If I had 30 to 60 Million I would have probably 3 houses, 1 in Nevada or Florida as primary for tax reasons,
1 In SoCal somewhere (maybe keep current pad, really like it), 1 on Maui where I would spend about 1/2 my time probably.

I don’t think I would spend much time on piggingtons asking advice from a bunch of decamillionaire wannabee’s LOL.

I would also spend a lot more time worrying about the zimbabwe-fication of the USD LOL, which would probably cause me to do something really stupid. Sometimes better to be just average I think.

[The-Shoveler]

IMO commuting no longer an issue for a lot of people (WFH is looking more and more like a permanent thing at least in my company).

If Old-timers (even those still in working years say 40-50’s) can find say a single Level close by maybe a little inland they may look to cash out.

Just a thought.

LOL “Welcome to NewPorsche Beach – San Diego edition”
I was at an open house in that area about a year or so ago (pre-covid), sales lady asked what I did for a living.
Her reaction was hysterical to me, “Oh you’re just an engineer”

LOL I was thinking nice hood, but not that nice.

[The-Shoveler]

IMO People are trying to get ahead of the proposed $15,000 tax credit.

IMO if you think the market is on fire now just wait LOL.

(at least for first time starter homes.)

But would agree as well just need to get away from coastal big cities, then prices are not much different than moving out of state in the middle of nowhere.

[The-Shoveler]

OK I can see some benefits to some HOA’s ( My mothers Condo sits on a golf course I could use any time “hmm seems I never have use it but it is nice to look at).

Most HOA’s just have maybe a park if your lucky.

Seems I remember a time (being an old fart) when a lot of that stuff was provided by the City out of your 1% tax rate lol.

[The-Shoveler]

Just seems when you look at two housing tracts built at about the same time in same general area with similar houses, the tract without HOA sells at a higher price from what I have seen.

Double difference if mello roos as well.

It would be interesting (because generally there is little choice when you buy a house), if there was a poll on how many living in an HOA wish they could opt out.

[The-Shoveler]

Unintended consequences,

IMO Fastest way to lose home value is HOA.

[The-Shoveler]

Don’t know much about SD downtown, but in LA downtown the math just does not work for luxury condo’s/apartments,
The percentage of people who work downtown who can afford these is very small first of all (most who live in them actually commute to the burb’s to work as that is where most High-Tec jobs are really in LA).
LA downtown has really gone downhill over the last few years (even before pandemic), after a previous few years of renewal.

IMO WFH is the new normal now and Office work will likley never be the same as it was.

[The-Shoveler]

I am seeing inflation at Costco IMO.
Seems everything is .50 to 1.00 more than around 6 months ago.

Not thinking of getting out yet but I do feel stocks that touch the sky will fall eventually LOL just never know when.

Disclosure, I am not currently putting new money in stocks, seems a bit frothy IMO .

[The-Shoveler]

Yea probably LOL,

The only thing these would do if enacted (talking is one thing doing is another) is cause a mass exit of Mom&Pop landlords from the game, and big corporate landlords to jack up prices even further.

[The-Shoveler]

I would submit that IMO exactly zero politicians would do anything that could lower the tax base (such as low cost housing in mass).

They talk a good game but it will only go through if it does not lower rents or home values.

And if they ever do they would be recalled immediately.

[The-Shoveler]

LOL don’t forget it was the supermajority ca dem congress that rejected a CA gov healthcare insurance plan 3 times!!

We are what the 6th largest economy I think, surely we could have come up with something.

[Author]

Posts