California Doomsayers....

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Submitted by Coronita on September 14, 2021 - 3:48pm

How do you think the recalls will play out?

Submitted by Coronita on September 20, 2021 - 9:18am.

scaredyclassic wrote:
flyer wrote:
Oh yeah, they both took care of that issue. We're glad our daughter listened to us on that, since her real estate and other family holdings are considerable, as are his, from various sources. You always hope for the best in every marriage, but you never really know what might happen, so better safe than sorry. We've suggested prenups to all of our kids.

a prenup should generally only be recommended where one's childs income is greater than the target. Since media moguls generally make more than physicians, the correct advice likely is no prenup. heck the doctor's income barely covers the car, driver, and occasional helicopter trip. But then again, consult one's own high powered lawyer for actual advice.

Or just tell your kids to marry up and not marry down, that would be easier. Why would someone with "considerable real estate holding" actually want to marry significantly downward where a prenup would be necessary....just saying..

Submitted by scaredyclassic on September 20, 2021 - 9:37am.

Coronita wrote:
scaredyclassic wrote:
flyer wrote:
Oh yeah, they both took care of that issue. We're glad our daughter listened to us on that, since her real estate and other family holdings are considerable, as are his, from various sources. You always hope for the best in every marriage, but you never really know what might happen, so better safe than sorry. We've suggested prenups to all of our kids.

a prenup should generally only be recommended where one's childs income is greater than the target. Since media moguls generally make more than physicians, the correct advice likely is no prenup. heck the doctor's income barely covers the car, driver, and occasional helicopter trip. But then again, consult one's own high powered lawyer for actual advice.

Or just tell your kids to marry up and not marry down, that would be easier. Why would someone with "considerable real estate holding" actually want to marry significantly downward where a prenup would be necessary....just saying..

Wait, did flyer marry up or down? Was he the sucker or the genius?

Submitted by The-Shoveler on September 20, 2021 - 10:25am.

Not trying to be sexist, but it is fairly unusual for a woman to marry down.

But times are changing, Going to get harder and harder for a Woman to marry up.

Maybe that's a good thing

Submitted by an on September 20, 2021 - 10:28am.

Coronita wrote:
Or just tell your kids to marry up and not marry down, that would be easier. Why would someone with "considerable real estate holding" actually want to marry significantly downward where a prenup would be necessary....just saying..

It just reminds me of Jessica Simpson and Nick Lachey.

Submitted by Coronita on September 20, 2021 - 10:49am.

The-Shoveler wrote:
Not trying to be sexist, but it is fairly unusual for a woman to marry down.

But times are changing, Going to get harder and harder for a Woman to marry up.

Maybe that's a good thing

Actually, not true. For Chinese from China, there's plenty of cases that the woman wears the pants of the household. That's one good thing that Communist China killed.

It quite common that the man has to go work comes home and cooks and takes care of the kids. The wife goes to work as a Director and sucks at taking care of the kids.

But what I would consider is at the bare minimum marriage of equal economics AND/OR equal spending habits. People don't think it's a big deal but it is...People get into fights all the time over money for the stupidest reason, and the best way to avoid it is both people share the same view and have similar spending habits.

Then it becomes a merger of equal assets versus a hostile takeover where one party is simply resting and vesting until he/she puts in his/her time and then quits after fully vested (7 years)....ha ha..

Submitted by Coronita on September 20, 2021 - 10:57am.

an wrote:
Coronita wrote:
Or just tell your kids to marry up and not marry down, that would be easier. Why would someone with "considerable real estate holding" actually want to marry significantly downward where a prenup would be necessary....just saying..

It just reminds me of Jessica Simpson and Nick Lachey.

Well, like I said. I have some pretty weird friends of friends.

One colleague is a surgeon in late 50ies who married a trophy spouse completely at the other extreme roughly in 30ies. After 3 kids, wife files for divorce and total horndog. While married, asked spouse for a 4-some. I shit u not. The sad part is person is total status symbol driven.. Like all she does is talk about design brand, design this designer now. She's really annoying. Every single time we see her, both of us wants to drop kick her.

See, what I find very interesting is the people who are really wealthy in my sphere of friends are really cool people and don't give a flying fck about all these status things. It's the wannabe wealthy that feel like they constantly have to remind people about the money they have and status. Really ghetto and pretty pathetic. And the most boring ass parties you can possibly attend. I guess that's why the spouse was into 4-somes, lol.

Submitted by flyer on September 20, 2021 - 12:16pm.

Scaredy, One reason my daughter wanted a prenup was for the following: to "Keep Family Property in the Family" per
"If you have a family heirloom, family business, even a future inheritance, or other properties that you want to keep, you can specify this in your prenup." He has a similar situation with family holdings, along with their careers.

Anyway, hopefully none of this will be a necessity, and they will go on to continue to be as happy as my wife and I have been.

Submitted by Coronita on September 20, 2021 - 12:20pm.

So I wonder how this marrying up or down works for a famous person like Evelyn Lin.

I mean she's pretty successful... How does this work?

Submitted by flyer on September 20, 2021 - 12:56pm.

See hypergamy and hypogamy.

"In hypergamy, the woman is typically of lower social status than the man; hypogamy is the opposite. isogamy designates marriage between social equals. See also marriage systems."

Submitted by Coronita on September 20, 2021 - 2:53pm.

It doesn't answer the question. What about Evelyn Lynn? Is that Pornogramy?

Submitted by scaredyclassic on September 20, 2021 - 2:53pm.

my wife is a sapiosexual.

Submitted by flyer on September 20, 2021 - 3:18pm.

Excellent.

Submitted by sdduuuude on October 2, 2021 - 11:40am.

In god we trust, everyone else bring data.
California is the leader in percent of net move-outs:

https://www.unitedvanlines.com/newsroom/...

Not sure if there is any bias in terms of United's relative foothold in certain states, but this looks like people moving out of blue states and into red states.

Submitted by equalizer on October 2, 2021 - 1:51pm.

But people are not moving out fast enough. Nicer 1 bed apt are renting for $3500 a month, 2B/2B are renting close to $4,000 a month.
Trolley opening next month at UTC. And steps from La Jolla Shores Beach - well 22,000 steps but it’s walk through paradise.

https://www.apartments.com/valentia-san-...

Gross income requirement 2.7 times apartment rate. Really should be 3-4.

Submitted by an on October 2, 2021 - 1:56pm.

equalizer wrote:
But people are not moving out fast enough. Nicer 1 bed apt are renting for $3500 a month, 2B/2B are renting close to $4,000 a month.
Trolley opening next month at UTC. And steps from La Jolla Shores Beach - well 22,000 steps but it’s walk through paradise.

https://www.apartments.com/valentia-san-...

Gross income requirement 2.7 times apartment rate. Really should be 3-4.

state vs town

Submitted by Escoguy on October 5, 2021 - 8:15pm.

Coronita wrote:
an wrote:
Coronita wrote:
Or just tell your kids to marry up and not marry down, that would be easier. Why would someone with "considerable real estate holding" actually want to marry significantly downward where a prenup would be necessary....just saying..

It just reminds me of Jessica Simpson and Nick Lachey.

Well, like I said. I have some pretty weird friends of friends.

One colleague is a surgeon in late 50ies who married a trophy spouse completely at the other extreme roughly in 30ies. After 3 kids, wife files for divorce and total horndog. While married, asked spouse for a 4-some. I shit u not. The sad part is person is total status symbol driven.. Like all she does is talk about design brand, design this designer now. She's really annoying. Every single time we see her, both of us wants to drop kick her.

See, what I find very interesting is the people who are really wealthy in my sphere of friends are really cool people and don't give a flying fck about all these status things. It's the wannabe wealthy that feel like they constantly have to remind people about the money they have and status. Really ghetto and pretty pathetic. And the most boring ass parties you can possibly attend. I guess that's why the spouse was into 4-somes, lol.

My worldview has been rocked, my next phase of life was meant to include designer clothes and foursomes. Now I need to throw my master plan out the window and the well of all my ambition.

I guess there's still Bingo in St George though!

Submitted by sdrealtor on October 5, 2021 - 8:45pm.

Dress warm! A month ago it was 110. This weekend it will get down into low 40s. Such a paradise!

B9!

Submitted by EconProf on October 7, 2021 - 10:48am.

Yep, it's not for softies.

BTW, it is not as hot as the fastest growing big city in the US: Phoenix.

Submitted by gzz on October 7, 2021 - 11:15am.

California is a community property state. Property purchased before marriage and inherited at anytime is not community property unless you take steps to add it. And even then you may get credit for simply adding to the community without compensation.

Submitted by Coronita on October 7, 2021 - 12:41pm.

I'm up to Level 54 mansion on The Grand Mafia.

B57. Bingo!

Submitted by sdrealtor on October 8, 2021 - 7:30am.

EconProf wrote:
Yep, it's not for softies.

BTW, it is not as hot as the fastest growing big city in the US: Phoenix.

Some would say the residents even glow!

Submitted by The-Shoveler on October 8, 2021 - 7:49am.

IMO SD seems to be doing very well,

But with Oracle and now Tesla there does seem to be a pattern forming here of the very rich leaving the Bay area.

Also LA is in a spiral and not making it easer to stay IMO.

Submitted by Coronita on October 8, 2021 - 8:49am.

The-Shoveler wrote:
IMO SD seems to be doing very well,

But with Oracle and now Tesla there does seem to be a pattern forming here of the very rich leaving the Bay area.

Also LA is in a spiral and not making it easer to stay IMO.

It never really made sense to expect that a full fledge car factory could be built in high cost bay area like Fremont. The only reason why Tesla was able to start there was because that was the former factory of GM/Toyota NUMMI that made toyota corollas and chevy novas/pontiac vibes and Tesla got a sweetheart deal after GM/Toyota ended that partnership and GM got rid of the factory.

A little story about this factory, NUMMI. It was a joint factory between Toyota and GM to learn from each other. Toyota took their learnings from GM and used them to open Toyota Motor Manufacturing USA in Kentucky, so it was more or less successful... GM took their learnings and tried to apply Toyota Production System to other assembly plants, and largely failed.

Submitted by sdrealtor on October 8, 2021 - 11:11am.

Tesla is moving the front office but expanding operations in CA. Net-net is nothing. And CA is constantly birthing new unicorn companies. The premature demise of CA could be the WSJ's favorite new story the last 40 years

Submitted by The-Shoveler on October 8, 2021 - 4:30pm.

Also Musk does not want to piss off his largest customer base so he sort of had to frame it that way IMO.
Musk did move to Texas as well though.

Submitted by EconProf on October 28, 2021 - 8:18am.

OK, another factoid that may predict housing price trends by state. I believe where people are moving to or out of is one of the predictors of where RE will do well or poorly.
For a variety of reasons, college enrollments nationwide are falling: down 3.2% last fall, and 3.4% this fall, accordingly to the National Student Clearinghouse Research Center.
Anyway, the local St. George university is up this year by 1.85% to 12,266, and at a
nearby Cedar City college enrollments jumped by 20.65%.
Gee, I wonder how many of these new students are from CA?

Submitted by deadzone on October 28, 2021 - 8:48am.

Well UCSD just announced record enrollment this year. Although I wonder how many of those kids are from out of state (or more specifically out of Country, China I'm looking at you!) as that has been the trend for UC schools.

Submitted by an on October 28, 2021 - 10:30am.

EconProf wrote:
OK, another factoid that may predict housing price trends by state. I believe where people are moving to or out of is one of the predictors of where RE will do well or poorly.
For a variety of reasons, college enrollments nationwide are falling: down 3.2% last fall, and 3.4% this fall, accordingly to the National Student Clearinghouse Research Center.
Anyway, the local St. George university is up this year by 1.85% to 12,266, and at a
nearby Cedar City college enrollments jumped by 20.65%.
Gee, I wonder how many of these new students are from CA?

https://www.latimes.com/california/story...

Submitted by an on October 28, 2021 - 11:24am.

.

Submitted by sdrealtor on October 28, 2021 - 3:16pm.

deadzone wrote:
Well UCSD just announced record enrollment this year. Although I wonder how many of those kids are from out of state (or more specifically out of Country, China I'm looking at you!) as that has been the trend for UC schools.

My kid is one of them. Also record number of latino and minority students. That campus is booming

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