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XBoxBoy
ParticipantA new contestant! Ah yes, it looks like time for a round of Pain In La Jolla!
Today’s contestant bought in a nice area by UCSD in Dec. 2006 for a low price of $1,200,000. And now they’ve sold for a paltry $1,000,000. A 17% loss.
Actually, not that bad a loss in comparison to other parts of San Diego. But then again, I don’t expect the same level of distress in La Jolla as in other areas. But it definitely shows that the upper end is getting hit too.
Here’s the details
http://www.sdlookup.com/Property-8FF847DD-8835_Robinhood_Ln_La_Jolla_CA_92037
XBoxBoy
ParticipantA new contestant! Ah yes, it looks like time for a round of Pain In La Jolla!
Today’s contestant bought in a nice area by UCSD in Dec. 2006 for a low price of $1,200,000. And now they’ve sold for a paltry $1,000,000. A 17% loss.
Actually, not that bad a loss in comparison to other parts of San Diego. But then again, I don’t expect the same level of distress in La Jolla as in other areas. But it definitely shows that the upper end is getting hit too.
Here’s the details
http://www.sdlookup.com/Property-8FF847DD-8835_Robinhood_Ln_La_Jolla_CA_92037
XBoxBoy
ParticipantYour really can’t teach money management in a classroom. Sure, you can teach people how to balance a check book, how to fill out a credit application, or even how to calculate interest. But money management really has to be learned in life. How to forgo one item in exchange for another, or how to appreciate the item that you saved for.
In the summer my parents gave me 25cents a week for the popsicle man who came by every weekday. I could get a popsicle a day for a nickel, or a dreamsicle for 10 cents but then I had to go a day with nothing. No matter how much I cried or begged, when I ran out of money they wouldn’t give me more until next week. I was probably only in second grade when this went on.
By the time I was in high school, my parents were giving me money once a semester to buy clothes. The first semester I bought a bunch of flashy hippy cloths within the first week. By the end of the semester I was sick of them. With each semester I got better at picking out the things that I would value. One semester, I bought almost nothing until the end of the semester, and then I went and bought a purple suede fringe jacket. (Gosh I wish I still had that!) The point being that I learned to postpone my desires for things, and I learned to budget my money. You can construct all the classroom exercises you want, but I don’t think you can really teach that except in the real world.
As other posters noted, parents are the ones that make the difference in this way.
XBoxBoy
ParticipantYour really can’t teach money management in a classroom. Sure, you can teach people how to balance a check book, how to fill out a credit application, or even how to calculate interest. But money management really has to be learned in life. How to forgo one item in exchange for another, or how to appreciate the item that you saved for.
In the summer my parents gave me 25cents a week for the popsicle man who came by every weekday. I could get a popsicle a day for a nickel, or a dreamsicle for 10 cents but then I had to go a day with nothing. No matter how much I cried or begged, when I ran out of money they wouldn’t give me more until next week. I was probably only in second grade when this went on.
By the time I was in high school, my parents were giving me money once a semester to buy clothes. The first semester I bought a bunch of flashy hippy cloths within the first week. By the end of the semester I was sick of them. With each semester I got better at picking out the things that I would value. One semester, I bought almost nothing until the end of the semester, and then I went and bought a purple suede fringe jacket. (Gosh I wish I still had that!) The point being that I learned to postpone my desires for things, and I learned to budget my money. You can construct all the classroom exercises you want, but I don’t think you can really teach that except in the real world.
As other posters noted, parents are the ones that make the difference in this way.
XBoxBoy
ParticipantYour really can’t teach money management in a classroom. Sure, you can teach people how to balance a check book, how to fill out a credit application, or even how to calculate interest. But money management really has to be learned in life. How to forgo one item in exchange for another, or how to appreciate the item that you saved for.
In the summer my parents gave me 25cents a week for the popsicle man who came by every weekday. I could get a popsicle a day for a nickel, or a dreamsicle for 10 cents but then I had to go a day with nothing. No matter how much I cried or begged, when I ran out of money they wouldn’t give me more until next week. I was probably only in second grade when this went on.
By the time I was in high school, my parents were giving me money once a semester to buy clothes. The first semester I bought a bunch of flashy hippy cloths within the first week. By the end of the semester I was sick of them. With each semester I got better at picking out the things that I would value. One semester, I bought almost nothing until the end of the semester, and then I went and bought a purple suede fringe jacket. (Gosh I wish I still had that!) The point being that I learned to postpone my desires for things, and I learned to budget my money. You can construct all the classroom exercises you want, but I don’t think you can really teach that except in the real world.
As other posters noted, parents are the ones that make the difference in this way.
XBoxBoy
ParticipantYour really can’t teach money management in a classroom. Sure, you can teach people how to balance a check book, how to fill out a credit application, or even how to calculate interest. But money management really has to be learned in life. How to forgo one item in exchange for another, or how to appreciate the item that you saved for.
In the summer my parents gave me 25cents a week for the popsicle man who came by every weekday. I could get a popsicle a day for a nickel, or a dreamsicle for 10 cents but then I had to go a day with nothing. No matter how much I cried or begged, when I ran out of money they wouldn’t give me more until next week. I was probably only in second grade when this went on.
By the time I was in high school, my parents were giving me money once a semester to buy clothes. The first semester I bought a bunch of flashy hippy cloths within the first week. By the end of the semester I was sick of them. With each semester I got better at picking out the things that I would value. One semester, I bought almost nothing until the end of the semester, and then I went and bought a purple suede fringe jacket. (Gosh I wish I still had that!) The point being that I learned to postpone my desires for things, and I learned to budget my money. You can construct all the classroom exercises you want, but I don’t think you can really teach that except in the real world.
As other posters noted, parents are the ones that make the difference in this way.
XBoxBoy
ParticipantYour really can’t teach money management in a classroom. Sure, you can teach people how to balance a check book, how to fill out a credit application, or even how to calculate interest. But money management really has to be learned in life. How to forgo one item in exchange for another, or how to appreciate the item that you saved for.
In the summer my parents gave me 25cents a week for the popsicle man who came by every weekday. I could get a popsicle a day for a nickel, or a dreamsicle for 10 cents but then I had to go a day with nothing. No matter how much I cried or begged, when I ran out of money they wouldn’t give me more until next week. I was probably only in second grade when this went on.
By the time I was in high school, my parents were giving me money once a semester to buy clothes. The first semester I bought a bunch of flashy hippy cloths within the first week. By the end of the semester I was sick of them. With each semester I got better at picking out the things that I would value. One semester, I bought almost nothing until the end of the semester, and then I went and bought a purple suede fringe jacket. (Gosh I wish I still had that!) The point being that I learned to postpone my desires for things, and I learned to budget my money. You can construct all the classroom exercises you want, but I don’t think you can really teach that except in the real world.
As other posters noted, parents are the ones that make the difference in this way.
XBoxBoy
ParticipantI do think it’s possible to build your own house, but I don’t think you should underestimate the time, effort and costs. Most people who start down this road often do just that.
I do think that some (not all by any means) developers are over charging and if you hire an architect who then goes out and hires a builder, I doubt you will get a “deal”. But if you find a smaller contracting outfit who you trust (no simple thing to find mind you), and you want to put a good bit of your time into the project, overseeing/participating in design, permitting, construction, etc. then you could build a house at a much more reasonable cost. (Note that I didn’t say cheap, I said more reasonable cost!) If you are thinking of doing all the actual construction yourself, you could potentially save even more, but plan on working on it full time for a couple years. (Which means you won’t be making a salary)
Keep in mind hat even though many of the construction workers you see building houses are illegal and/or illiterate they do have experience and generally a supervisor who has even more experience. And without that experience, you could easily make some very costly mistakes that would take away most of those savings you were hoping to generate by doing things yourself.
Last, never forget to factor in your time as a cost! Even if you hire others to do the vast majority of the actual building, you will spend lots more time dealing with this than you might guess. And as they say… time is money.
XBoxBoy
ParticipantI do think it’s possible to build your own house, but I don’t think you should underestimate the time, effort and costs. Most people who start down this road often do just that.
I do think that some (not all by any means) developers are over charging and if you hire an architect who then goes out and hires a builder, I doubt you will get a “deal”. But if you find a smaller contracting outfit who you trust (no simple thing to find mind you), and you want to put a good bit of your time into the project, overseeing/participating in design, permitting, construction, etc. then you could build a house at a much more reasonable cost. (Note that I didn’t say cheap, I said more reasonable cost!) If you are thinking of doing all the actual construction yourself, you could potentially save even more, but plan on working on it full time for a couple years. (Which means you won’t be making a salary)
Keep in mind hat even though many of the construction workers you see building houses are illegal and/or illiterate they do have experience and generally a supervisor who has even more experience. And without that experience, you could easily make some very costly mistakes that would take away most of those savings you were hoping to generate by doing things yourself.
Last, never forget to factor in your time as a cost! Even if you hire others to do the vast majority of the actual building, you will spend lots more time dealing with this than you might guess. And as they say… time is money.
XBoxBoy
ParticipantI do think it’s possible to build your own house, but I don’t think you should underestimate the time, effort and costs. Most people who start down this road often do just that.
I do think that some (not all by any means) developers are over charging and if you hire an architect who then goes out and hires a builder, I doubt you will get a “deal”. But if you find a smaller contracting outfit who you trust (no simple thing to find mind you), and you want to put a good bit of your time into the project, overseeing/participating in design, permitting, construction, etc. then you could build a house at a much more reasonable cost. (Note that I didn’t say cheap, I said more reasonable cost!) If you are thinking of doing all the actual construction yourself, you could potentially save even more, but plan on working on it full time for a couple years. (Which means you won’t be making a salary)
Keep in mind hat even though many of the construction workers you see building houses are illegal and/or illiterate they do have experience and generally a supervisor who has even more experience. And without that experience, you could easily make some very costly mistakes that would take away most of those savings you were hoping to generate by doing things yourself.
Last, never forget to factor in your time as a cost! Even if you hire others to do the vast majority of the actual building, you will spend lots more time dealing with this than you might guess. And as they say… time is money.
XBoxBoy
ParticipantI do think it’s possible to build your own house, but I don’t think you should underestimate the time, effort and costs. Most people who start down this road often do just that.
I do think that some (not all by any means) developers are over charging and if you hire an architect who then goes out and hires a builder, I doubt you will get a “deal”. But if you find a smaller contracting outfit who you trust (no simple thing to find mind you), and you want to put a good bit of your time into the project, overseeing/participating in design, permitting, construction, etc. then you could build a house at a much more reasonable cost. (Note that I didn’t say cheap, I said more reasonable cost!) If you are thinking of doing all the actual construction yourself, you could potentially save even more, but plan on working on it full time for a couple years. (Which means you won’t be making a salary)
Keep in mind hat even though many of the construction workers you see building houses are illegal and/or illiterate they do have experience and generally a supervisor who has even more experience. And without that experience, you could easily make some very costly mistakes that would take away most of those savings you were hoping to generate by doing things yourself.
Last, never forget to factor in your time as a cost! Even if you hire others to do the vast majority of the actual building, you will spend lots more time dealing with this than you might guess. And as they say… time is money.
XBoxBoy
ParticipantI do think it’s possible to build your own house, but I don’t think you should underestimate the time, effort and costs. Most people who start down this road often do just that.
I do think that some (not all by any means) developers are over charging and if you hire an architect who then goes out and hires a builder, I doubt you will get a “deal”. But if you find a smaller contracting outfit who you trust (no simple thing to find mind you), and you want to put a good bit of your time into the project, overseeing/participating in design, permitting, construction, etc. then you could build a house at a much more reasonable cost. (Note that I didn’t say cheap, I said more reasonable cost!) If you are thinking of doing all the actual construction yourself, you could potentially save even more, but plan on working on it full time for a couple years. (Which means you won’t be making a salary)
Keep in mind hat even though many of the construction workers you see building houses are illegal and/or illiterate they do have experience and generally a supervisor who has even more experience. And without that experience, you could easily make some very costly mistakes that would take away most of those savings you were hoping to generate by doing things yourself.
Last, never forget to factor in your time as a cost! Even if you hire others to do the vast majority of the actual building, you will spend lots more time dealing with this than you might guess. And as they say… time is money.
XBoxBoy
ParticipantMy own experience is that slowing down on the freeway isn’t going to make a lot of difference. The main way to cut back is to significantly reduce the overall quantity of driving. ie, don’t commute 40 miles each way to work and back. By limiting my commute to about 5 miles each way really helps.
XBoxBoy
ParticipantMy own experience is that slowing down on the freeway isn’t going to make a lot of difference. The main way to cut back is to significantly reduce the overall quantity of driving. ie, don’t commute 40 miles each way to work and back. By limiting my commute to about 5 miles each way really helps.
XBoxBoy
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