Forum Replies Created
-
AuthorPosts
-
February 14, 2013 at 2:25 PM in reply to: People aren’t leaving CA in droves… at least according to the United Van Lines survey #759390
UCGal
ParticipantI just checked U-Haul’s website to see if they had recent migration info. Looks like 2012 data will be released in late March if they follow previous years’ patterns.
But for 2011 (released in March 2012), San Diego was #12 most popular DESTINATION city.
February 14, 2013 at 2:05 PM in reply to: People aren’t leaving CA in droves… at least according to the United Van Lines survey #759387Participant[quote=paramount]Do you know anyone that uses United Van Lines? Who can afford that kind of move?[/quote]
Corporate moves.
So it’s basically middle/upper middle class job transfers.(I’ve had 3 corporate paid moves. 2 were United Van Lines.)
ParticipantWe remodeled our kitchen but decided to hold off replacing the white appliances.
So – we have a new stainless gas stove/oven. A white electric wall oven. A white dishwasher. A white fridge.
As they need replacing, we’ll get stainless. I can’t justify throwing out a functioning appliance just for the “skin” on it. The cheapskate in me objects. It’s unnecessary waste from an environmental point of view…. It just hits me wrong.
That said – I agree completely with the suggestions to put a new cover panel on the dishwasher. My house in PA had a late 70’s early 80s dishwasher that had panels that could be reversed. When I moved in they were using mustard yellow to match the (less than functional) stove. When I replaced the stove the next year – I swapped the panel for the white one. (This was the mid-90’s so I didn’t get a stainless stove… just plain old white.)
I would not be surprised if there isn’t a panel pre-made for it. Do a search on the model # parts list to see.
ParticipantDo you have his/her name?
Plug in the last name first name combo into the grant deed search.
http://arcc.co.san-diego.ca.us/services/grantorgrantee/search.aspx
If the property is held in trust or by a corporation, LLC, or other legal entitity, you’ll need that info instead.
You’re looking for Notice of Default (NOD) or a Notice of Trustee Sale (NOT). The first is just a warning… and starts the clock ticking towards the second. NOT means a trustee sale date has been assigned.
The question then becomes – what will you do with this information other than prepare.
The landlord being in default does NOT negate any lease you have. And even if the home is foreclosed, you have rights to complete your lease agreement (assuming it’s reasonable – not a 10 year lease at 1/4 of market value type thing.) So even if the condo is sold at auction (or goes back to the bank) you can complete your lease terms.
standard disclaimer: I’m not a lawyer, realtor, or anything. But this is my understanding of how things work.
ParticipantI read that article yesterday, also, ER. And had the same gut reaction you did.
But at least they’ll be able to BK out of it when it collapses. Unlike if they were borrowing against home equity (cash out refi’s or helocs) to get the money to wager in the market. With cram down off the table – you will have to lose your house (short sale or foreclosure) if you get your gambling money from that source… But with credit cards… BK can wipe out your “investment mistakes”.
Real investing doesn’t happen anymore. Investing is where you put down money on companies that have good long term growth potential. Now it’s all day (or week) trading… buying on the rumor, selling on the news… Hoping for short gains. It seems to be a lot closer to gambling that investing.
Participant[quote=no_such_reality][quote=UCGal][quote=no_such_reality]S&P doesn’t rate bubbles.
And more importantly, the real problem that started it was basically an insurance company threatening default.
That default was in turn driven by a whole bunch of common schmoes lying and committing fraud on the loans, IMHO.[/quote]
That same company (AIG) appears to be back in the thick of things for CDS and Collateralized Subprime garbage.
No UCGal, that’s an ABS, a securitized bundle of subprime personal loans. Very different than a CDS, credit default swap.
It’s a different bundle of junk (probably car loans) but the exact same concept of securitization of mortgage loans that has been occuring for 30+ years.
The CDS were a problem, when the ABSes were bundled into CDOs putting 100lbs rotten apples in a barrel and selling rights to each 1lb, with top tranches being promise the ‘best’ pound. The CDS is the insurance against you getting rotten apples. Much like a a barrel of apples, rot spreads.
And the best part, you could bundle your CDS obligations into a CDO and sell CDS on your CDO of CDSes. Which is what AIG was buying, err, selling? Oh well, they where insuring the CDOs of CDSes.
Now why do that? Simple, make mo’ money! Podunk Casualty could sell $100 Billion of ‘insurance’. Then bundle it, tranche it and buy ‘insurance’ to cover the tranches cheaper than it cost to ‘sell’ the original insurance. Sounds nutz in retrospect, but in reality, requires a bit of a psuedo-black swan to go bad.
Why would AIG do that? Mo’ Money!
How good the apple were alluded to be or how declared the apples were of not being examined at all. And the farmers producing the apples are claiming “US Extra Fancy Grade” when the reality is they aren’t even the lowest Utility grade.
And ironically, I suspect the CDOs or the original mortgages didn’t actually perform that bad. The CDOs of CDSes did once the market realized someone missed the rotten apples in the barrel.[/quote]
Thanks for the clarification, NSR. I appreciate it.Participant[quote=no_such_reality]S&P doesn’t rate bubbles.
And more importantly, the real problem that started it was basically an insurance company threatening default.
That default was in turn driven by a whole bunch of common schmoes lying and committing fraud on the loans, IMHO.[/quote]
That same company (AIG) appears to be back in the thick of things for CDS and Collateralized Subprime garbage.
Participant[quote=AN][quote=flu][quote=AN][quote=AN][quote=AN]Right now, there are only 18 SFR and 5 condo for sale. The supply is pretty horrible right now.[/quote]
Spring hasn’t even started yet and it looks like inventory has already gotten worse. Now, there are only 16 SFR and 4 condo for sale today (active).[/quote]SFR went up to 22 but condo went down to 0. It’s official, no condo for sale in MM ATM.[/quote]Wow. That means someone bought that 1/1 we talked about being ridiculously overpriced of $174k on the east side.
Time to prepare my condo for sale… Maybe some sucker… Err… I mean “investor” will pony up $250k+??? Just kidding…Sort of….
BTW: I’ve signed up the purchase list on the pardee community in MM…Don’t know why, but hey at least I’ll have the option.
*edit*.. AN, I think the data mining that you’re doing might be leaving some out… It seems like the $174 overpriced condo is still active… Drat!
http://www.sdlookup.com/MLS-130005669-10226_Black_Mountain_Rd_73_San_Diego_CA_92126%5B/quote%5D
I’m using redfin and I filter out all pending and only have it show active listings.[/quote]It shows on redfin as active, also.
http://www.redfin.com/CA/San-Diego/10226-Black-Mountain-Rd-92126/unit-73/home/4855368
ParticipantGoing back to the points in the article linked in the OP. I’ve worked in “open office” environments, and in environments where there is some privacy for individual workers – even if it’s just 5′ cube walls.
I much prefer the privacy environment.
If you want to collaborate – get a conference room or hang out on the comfy furniture in the lobby… But when I have a deadline, I don’t need chit-chat, I need to be able to concentrate.
I guess that’s the INTJ side of me.
February 4, 2013 at 9:54 AM in reply to: Over 21% of homeowners in SD County have paid off houses #758821Participant[quote=earlyretirement]
I always wondered about how things will end for some. And funny about you mentioning the topic of net worth. I just finished reading, “The Number” by Lee Eisenberg. It was a great and interesting read. (They have it at the San Diego County Library so you don’t even need to pay to read it).
http://www.thenumberbook.com
[/quote]Thanks for recommending this book. I’ve got it out from the city library now… It’s an easy read – I read about 1/2 of it this weekend, in between dealing with kids basketball, yard work, and chores.
Makes me look around at myself and others, slightly differently as I try to figure out what categories they fall into. And the prologue was very interesting – how lots of rich wall street types have moving numbers – based on status, ego, etc.
Participant[quote=SK in CV][quote=UCGal][quote=Diego Mamani]Confirmed:
[quote]Tenant uses this home as a Scrapbooking Retreat and is bringing in the big bucks. Please overlook work tables and beds. You will not believe how many people come here to work on their scrapbooks over the weekends.[/quote]http://emailflyers.net/nb/30899%5B/quote%5D
So do I win a prize? Please please please make it a good prize.
LOL.[/quote]
$5 gift certificate at http://www.scrapbooking-warehouse.com.[/quote%5D
LOL. Um…. No thanks.Participant[quote=Diego Mamani]Confirmed:
[quote]Tenant uses this home as a Scrapbooking Retreat and is bringing in the big bucks. Please overlook work tables and beds. You will not believe how many people come here to work on their scrapbooks over the weekends.[/quote]http://emailflyers.net/nb/30899%5B/quote%5D
So do I win a prize? Please please please make it a good prize.
LOL.
Participant[quote=The-Shoveler]Well I got to throw this out as well, all the time I have been a home owner, I have NEVER lived less than 45 minutes from work., almost EVERYONE of the CA natives I know have ever lived less than 30 minute’s drive from work, none of them had an ocean view home from their first home at least.
None of them bought a New home as their first home, in fact most of the homes were at least 30 years old and needing some repair.
Most were 30, or near 30 when they bought their first home in SoCal, Meaning they were well on their way to established careers by the time they bought their first home in SoCal.
Yes it has ALWAYS been tough to buy a home in SoCal I would say especially for boomers (we had a lot of competition, each other!).[/quote]
As someone at the very tail of the boomer generation (born in early 60’s)…I left CA in the 1990 because I couldn’t afford the housing…
I bought in WA state… a 2bedroom fixer. I made money. Then moved states again for work.
I bought in PA state… A 4 bedroom twinhome (semi-detached) made money. And moved back to CA…. in my early 40’s.In both previous purchases (WA and PA) I looked at 15-20 houses, easily… maybe more, before deciding to purchase. My budget was limited by my down payment (this was back when 20% down was the RULE not the exception.) So I wanted the best value for the $$. Both homes were older fixer upppers..
When I moved back home, my criteria was extremely limiting. Within 5 miles of the coast. (Not ocean front, but some coastal weather effects.) Within 30 minutes of work.
Actually – the less than 30 minutes of work was a requirement for all home purchases. I was willing to trade size/newness for proximity.I agree that some first time home buyers seem to want to start out with their forever homes. They seem unwilling to do improvements or repairs. That’s their choice…. but it limits their options and may keep some out of the market.
Buying when I did, and moving up in size/value each time… allowed me to put a HUGE downpayment when we purchased here. (we financed less than 50% of the purchase price.) If I’d waited for the perfect home I wouldn’t have been able to make equity gains with each transition.
Participant[quote=SK in CV][quote=UCGal]Scrapbooking retreat.
I have friends who put on these scrapping workshop weekends. This looks like the places they rent.[/quote]Friends huh? C’mon, spill it. Are you a secret scrapper?[/quote]
( ( ( shudder ) ) )
Um no…….
But a coworker is a consultant (pyramid sales) for one of the crap boom companies.I am as un-crafty as they come. Think nerdy tomboy couch potato.
-
AuthorPosts
