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utcsox
Participant[quote=moneymaker]It seems to me there are 2 options for the government for stimulus, lower rates or create jobs. Ok already tried to lower rates, now can’t go any lower. So time to create jobs soon, 2 ways to do that also. Hire more government workers/create infrastructure jobs or the Trump strategy (deport the illegals). Neither of these strategies increases GDP so will also ultimately fail. The lowering of rates was suppose to increase jobs by getting businesses to invest with new start ups and such. Problem is most investment has been overseas. Maybe the China problem will stop this, but I doubt it. Ultimately China will start an economic war by dumping dollars and the US will respond with protectionism. Just my 2¢[/quote]
To increase the GDP, you can either
1. Increase the number of workers or
2. Increase the productivity of the workers..I really don’t know where you get the ideas that you can increase GDP by deporting illegal immigrants. Or are you suggesting by deporting the illegal immigrants, the overall productivity of legal workers will suddenly increase?
Participant[quote=ltsdd]Major Asian indexes are all down big. China’s leading the way down 7.5%. It’s getting ugly. Let’s see how the US markets going to react.[/quote]
S&P futures are down 47 and DOW futures are down 416 (fair value) according to Bloomberg.
Participantbump..
http://www.sandiegouniontribune.com/news/2015/aug/15/real-estate-housing-corelogic-zillow-midyear/
$1,575: The average rent in San Diego County in March, up 9 percent from the $1,445 average in 2014, according to Marketpointe Realty Advisors.
43.7: Percent of monthly income San Diego County renters can expect to pay on rent, above the historic 33.9 percent, according to Zillow.
But you know the rent of a 1-bedroom of a unnamed apartment complex in Mira Mesa has really not gone up by much ….
ParticipantWhere is rockingtime? Ok.. I will post on his/her behalf..
This time is truly different. Houses in Southern California can only go up. I am not saying this but a lot of folks on this board are saying this as they have already bought houses during the last down turn..
Participant[quote=poorgradstudent]
….
I’m starting to see SOME upward pressure on wages. If unemployment can stay fairly low that’s likely to help push salaries up, finally.[/quote]http://www.wsj.com/articles/u-s-employment-costs-rise-0-2-in-second-quarter-1438345911
Unfortunately, data does not support what you see.
“The employment-cost index, a broad measure of workers’ wages and benefits, climbed a seasonally adjusted 0.2% in the second quarter from the first quarter, the Labor Department said Friday. That marked the smallest quarterly gain since record keeping began in 1982. Economists surveyed by The Wall Street Journal expected a 0.6% increase.”
Participant[quote=harvey]Why not also start a Benghazi thread?[/quote]
Benghzi is so last year. We need a thread on how the Iran nuclean deal was akin to marching Israelis “to the door of the oven”. Or maybe how this deal will make the United States “the world’s leading financier of radical Islamic terrorism”.
Participant[quote=joec]
My point is that CA also has pension problems as most states in the US. CA has ALREADY raised taxes for medicare for the wealthy and some cities (SF comes to mind) has a “special tax” just to pay for healthcare for city workers I think.
There is also an added state income tax in CA where you pay an extra 3% or something if income is > 250k I think. Someone here rich can post the rule since it doesn’t affect poor me…
I am saying if Greece leaves the Euro, they will be now FORCED to do these things since they simply don’t bring in enough revenue to pay out current liabilities. Unfortunately for them and fortunately for CA, CA has lots of “rich” upper class worker bees to pay (rich companies don’t pay any tax since most offshore it all and have lower tax rates than you or me) and Greece seems to have a history of tax evaders in general. I’m sure the GDP of CA is massive compared to Greece (8th in the whole world) so CA can do lots of things to deal with misc “problems” here vs. Greece.
Also, there isn’t a massive exodus of people leaving CA (see property prices in SF or LA?) even with these wealth income taxes so CA seems to be managing their financial issues fine compared to Greece. Not to mention people actually voted for the tax increase.
I wonder how Vallejo is doing or other bankrupt cities. If they implemented a special tax in certain cities, it seems easier to just shop somewhere else or leave (so if Greece gives you painful austerity or taxes or spending cuts, why not just leave?).[/quote]
I don’t understand why Greek just not leave either. I mean Greek shall book the first class flight out of there asap and have countries they want to immigrate to issue them visas immediately.
And what are those Californians doing? I mean they shall just fire sale their real estates holdings since it will become Greek in the near future. I am really really confused.
Participant[quote=joec][
..After a wave of crime, tough times, cuts will have to be done since they simply don’t have the money to pay anyways. Like our nice state of CA...They can raise all the taxes, but if people leave the state or simply find ways to not pay, people will just leave or the state (or country) has no choice but to cut services…
At that point, I think the Greece people will maybe wake up and decide if they want to stick it out and actually pay for stuff finally or just descend into a mess of a country.[/quote]
Care to elaborate how is California is similar to Greece? Is it the 25% drop of GDP from its peak? Is it 25.6% unemployment rate? Or are you implying Californians are evading taxes like Greek people?
June 24, 2015 at 6:20 PM in reply to: OT: Creative way to spend $1100 in a FSA health savings account #787499Participant[quote=flu][quote=jeff303]An absolutely massive quantity of condoms.[/quote]
Over the counter stuff I think is excluded from FSA now.[/quote]
Nope. You can claim family planning items such as condoms without prescription. Check out the link below. There are other stuff you can claim.
http://www.aetna.com/members/fsa/eligibleExpenses/overthecounterFSA/overthecounterexpens
Participant[quote=flu]Oh, and Carmel Valley’s newest luxury apartments
http://sandiego.craigslist.org/csd/apa/5070074032.html
The price isn’t correct in the craiglist ad (It’s not $8000/month for a 2/2_…)
But it’s pretty up there….My goodness….
http://www.liveoceanair.com/Apartments/module/property_info/property%5Bid%5D/96435/3/3.5 1630 sqft for $3400-3700/month…
Wow, that’s much more than my mortgage…..That’s the same as my mortgage + property tax + hoa + insurance…., not factoring in the Schedule A deductions, and I have 2 extra bedrooms to spare….[/quote]
Torrey Gardens, the apartment compex next to Ocean Air is charging ~$2,800 for 3-br. I don’t think any of these complex have any problem in renting out its unit now.
Participant[quote=flu]Speaking of luxury condo….
http://sandiego.craigslist.org/csd/apa/5067682027.html
At the end of mira mesa blvd and I-15……
Nice place… I wouldn’t spend $1875/month living in a 1/1 even if it’s 800sqft. But apparently some people do.[/quote]
The post is gone. It’s probably rent out already.
Participant[quote=livinincali]
This is based on mostly large complexes in the San Diego City area. It contain some central east counties like La Mesa, Santee, etc. Rents have been increasing but in the last 6-12 months vacancy rates have been increasing as well and 1 bd room and studio rental rates are starting to lag 2 and 3 bedroom rental rate increases. While rents will probably still go up, there’s a case to be made that they are close to topping out.[/quote]
I think it’s all depend on the vacancy rate. If the vacancy rate still hover below 5%, rent can still going up at a faster pace than normal market. Jobs growth is a blistering pace in San Diego right now and there are very limited number of new housing units coming to the market. I expect the rent continue to go up at a faster pace than normal in the near future.
Participant[quote=flu]Anyone else think the recent runup in rental demands, especially for the 1/1 and 2/2’s is partly due to a bunch of people finding jobs and no longer living in the same house with their parents? Just wondering…[/quote]
I think it’s due to the combination of strong job growth (3.1% in 2014) and lack of new housing units in the region.
“Data for housing units, released just before the beginning of the Memorial Day weekend, show that while San Diego County grew by 159,000 people between 2010 and 2014, only 22,000 housing units were added.
The pace of building picked up between 2013 and 2014, but the Census Bureau counted only 8,000 more housing units while the population grew by 41,000. That works out to approximately five new residents for every new housing unit.”
http://www.utsandiego.com/news/2015/may/22/unemployment-april-jobs-economy-hiring-helpwanted/
“.. Since April 2014, the region has added 40,900 people to payrolls, good for 3.1 percent annual growth . That rate puts San Diego County’s pace above Los Angeles County, the state and the nation,…”
Participant[quote=AN][quote=spdrun]A quick perusal of Craigslist yields very few one bedrooms offered in Carlsbad for over $1600. Most are below $1500. Where are they getting an average of $1716? Are they only surveying large landlords?[/quote]
Apartments. They move the market, not the small time landlords.[/quote]The small-time landlords will take cues from the large apartment complex and raise its price accordingly.
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