[The-Shoveler]

[quote=dumbrenter][quote=The-Shoveler]
But really I think it is more borrowing retirement and investment accounts (and parents) then taking a mortgage after close than anything else.[/quote]

I fail to understand this. won’t it be better for them to take a mortgage before buying the property rather than after? Can you elaborate on possible motivations to do such a thing?[/quote]

All else being equal, the sellers (and RE agents) will choose a cash buyer every time (well almost), a lot less uncertainty.

[The-Shoveler]

The really odd thing is the Chinese have been creating a spending more currency than anyone else (you almost never hear that however, everyone would just like to focus on our fed).
So they got to spend it somewhere I suppose.

But really I think it is more borrowing retirement and investment accounts (and parents) then taking a mortgage after close than anything else.

[The-Shoveler]

Most likely IMO these are NOT investors buying homes in CV with all cash for the most part.
I have heard of people taking out loans from parent/401K’s/etc….
Then after buying/closing they take out a mortgage to pay back the 401K/etc…
Desperate measures IMO .

[The-Shoveler]

Don’t know about other cities and state pensions but the city of Los Angeles pensions are completely impossible to pay IMO.
With the most rosiest projections they are about 3 times the cities total annual revenue in defect.
If you use a more realistic investment return rate, the figure is probably nearer 8 times the total annual revenue.

http://www.reuters.com/article/2013/05/17/us-usa-election-losangeles-idUSBRE94G0A420130517

They better hope there is not another housing crash, that would about end it.

[The-Shoveler]

I Guess I am out of touch with the health system the way it is now, 30K Wow,
never paid much attention to it (never had to).
They should have held out for the full Monty
(gov run health system like the UK)
This just seems like a frankenstein that is worse than doing nothing.

[The-Shoveler]

Yes you are correct, been a W2 wage earner with benefits my whole career.

I but I know of a few who do use the catastrophic insurance for/with 4 kids (6 people).

It is all they can afford, and it seems to be OK for them (well so far).

Seriously when I was a Kid I went to the emergency room 2 times (once with broken arm – don’t think we had insurance back then), I never remember my brothers ever going.
(We got our shots at school in those days).

We did not go to the Doc in those days if we had the flu unless it got really really serious. No antibiotics every time type of thing, in fact I never remember getting them until I had a tooth infection when I was a adult.

I guess times have changed.

[The-Shoveler]

Assuming that 10K event happen maybe once every 20 years or so, I think that would be the better option,

I have coverage, but I have not been to the doctor for probably 15 years, (knock on wood).

[The-Shoveler]

Wow that is seriously unaffordable,
Really have not paid much attention to this, but 12K a year sounds excessive.

I know a lot of Biz owners who get by on $35.00 a month catastrophic type insurance.

Basically you only go in if something catastrophic happens otherwise you pay out of pocket.
Hopefully that option will still be available, otherwise I guess the option is to opt out until you know something catastrophic happens.

[The-Shoveler]

IMO maybe not in this case,
The way I understand it Lumber prices were rising until last month mainly because many of the lumber mills were put into mothballs during the housing crash and are just now starting up again.

That and a slow down in demand from china.

[The-Shoveler]

Not saying the guys an Idiot but kind of an expensive price to pay to tell everyone what us paranoid wacko’s would told you years ago,
(i.e.. you are always being recorded, videotaped and all your emails read, soon they will electronically read you mind).

also tracked via the GPS on your smartPhone.

Anyway that’s what paranoid wackos like me believe,
so am I a wacko ? just saying.

[The-Shoveler]

Actually I had that wrong,

Its going to be a new Naval Hospital

But I had heard something about research labs and offices as well.

[The-Shoveler]

[quote=FlyerInHi]If camp Pendleton were to close, that would be prime real estate for a new houses and business parks.[/quote]

Yea I have always thought that as well, but it does not look like that is going to happen in my lifetime.

The military seems to be consolidating into that area.

Other bases get closed, camp Pendleton keeps growing (in personal etc…).

[The-Shoveler]

That’s what the backup generator is for.

Hopefully that will be the exception,

[The-Shoveler]

I would have to think you are an exception There spdrun.

definitely can tell you’re not from SoCal, Just kidding!!

[The-Shoveler]

Time to get the solar panels installed and buy a back-up generator.

It will be interesting to see if this has an impact on the north San Diego and San Clemente RE values.

Always thought the plant was kind of holding the region back from developing more business.

Sorry but really who wants to open a Biz or live next to a nuclear plant.

[Author]

Posts