California Doomsayers....

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

How do you think the recalls will play out?

Submitted by flyer on October 28, 2021 - 4:33pm.

Have a friend who is a Vice Chancellor at UCSD, and they have never seen this level of enrollment. The good news is all of those potential homebuyers may want to stay in San Diego, which bodes well for our market.

Submitted by sdrealtor on October 28, 2021 - 5:04pm.

flyer wrote:
Have a friend who is a Vice Chancellor at UCSD, and they have never seen this level of enrollment. The good news is all of those potential homebuyers may want to stay in San Diego, which bodes well for our market.

Had a UCSD Vice Chancellor apply for a rental once. Have never seen that level of credit card debt before. Your friend?

Submitted by Coronita on October 29, 2021 - 12:25am.

sdrealtor wrote:
flyer wrote:
Have a friend who is a Vice Chancellor at UCSD, and they have never seen this level of enrollment. The good news is all of those potential homebuyers may want to stay in San Diego, which bodes well for our market.

Had a UCSD Vice Chancellor apply for a rental once. Have never seen that level of credit card debt before. Your friend?

Submitted by Coronita on October 29, 2021 - 12:28am.

Coronita wrote:
sdrealtor wrote:
flyer wrote:
Have a friend who is a Vice Chancellor at UCSD, and they have never seen this level of enrollment. The good news is all of those potential homebuyers may want to stay in San Diego, which bodes well for our market.

Had a UCSD Vice Chancellor apply for a rental once. Have never seen that level of credit card debt before. Your friend?

Oh my God, that person was a financial train wreck. talk about trying to really keep up with the Joneses.

I rather have rented to the tenant prosects that asked if he could redo my garage structure to accommodate large gym equipment or the other one that asked me to install a jacuzzi.

...um...in all cases... "Good luck with your search...."

Submitted by Coronita on October 29, 2021 - 12:28am.

Coronita wrote:
sdrealtor wrote:
flyer wrote:
Have a friend who is a Vice Chancellor at UCSD, and they have never seen this level of enrollment. The good news is all of those potential homebuyers may want to stay in San Diego, which bodes well for our market.

Had a UCSD Vice Chancellor apply for a rental once. Have never seen that level of credit card debt before. Your friend?

Oh my God, that person was a financial train wreck. talk about trying to really keep up with the Joneses.

I rather have rented to the tenant prosects that asked if he could redo my garage structure to accommodate large gym equipment or the other one that asked me to install a jacuzzi.

...um...in all cases... "Good luck with your search...."

Submitted by EconProf on October 29, 2021 - 7:02am.

All:
Good point about UCSD enrollment growth. I checked SDSU'S numbers, but not UCSD. It always had a better academic record, and now has going for it a direct trolley, enabling students to live far away in cheaper neighborhoods. And as a Pacific coast location, proximity to Asian students plus emphasis on STEM subjects helps.
As I've always said, San Diego is the best of the CA coastal cities, enabling it to offset some of California's disadvantages. And the UCSD neighborhood is perhaps the hottest of San Diego's areas. So price trends there don't necessarily indicate CA's future.
PS: I once owned three condos at La Jolla Vista Townhomes--mostly student tenants. One I bought for $117,000 which Zillow now puts at over $700,000. I vaguely remember I happily sold at about $220,000.

Submitted by sdrealtor on October 29, 2021 - 7:30am.

Revisionist history. Your credibility is waning. Running out of things to do in St George?

And good job leaving $1.5m on the table for the rest of us.. Much appreciated

Submitted by teaboy on October 29, 2021 - 8:48am.

sdrealtor wrote:
flyer wrote:
Have a friend who is a Vice Chancellor at UCSD, and they have never seen this level of enrollment. The good news is all of those potential homebuyers may want to stay in San Diego, which bodes well for our market.

Had a UCSD Vice Chancellor apply for a rental once. Have never seen that level of credit card debt before. Your friend?

The most awesome part of being a landlord or property mgr is the unquestioned entitlement to feast your prying eyes over a prospective tenant's most intimate financial laundry.
Under a tenant's respectable 3-piece suit of a white collar executive-level job, you get a sneak peak of the florescent pink g-string that is regular side income from their stake in a local strip joint, or the dirty skid-marked underwear that is a maxed out credit card or other sizeable debts.
Do any pigglords out there have any other amusing tenant finance anecdotes to help me thru my Friday? :-)
tb

Submitted by Coronita on October 29, 2021 - 9:57am.

teaboy wrote:
sdrealtor wrote:
flyer wrote:
Have a friend who is a Vice Chancellor at UCSD, and they have never seen this level of enrollment. The good news is all of those potential homebuyers may want to stay in San Diego, which bodes well for our market.

Had a UCSD Vice Chancellor apply for a rental once. Have never seen that level of credit card debt before. Your friend?

The most awesome part of being a landlord or property mgr is the unquestioned entitlement to feast your prying eyes over a prospective tenant's most intimate financial laundry.
Under a tenant's respectable 3-piece suit of a white collar executive-level job, you get a sneak peak of the florescent pink g-string that is regular side income from their stake in a local strip joint, or the dirty skid-marked underwear that is a maxed out credit card or other sizeable debts.
Do any pigglords out there have any other amusing tenant finance anecdotes to help me thru my Friday? :-)
tb

Yes, I was the person that had into financial laundry of the UCSD Vice Chacellor that was knee deep in debt.

There were other interesting characters I ran into, there was a group of social media influencers that was also interesting to deal with... Constantly trying to haggle down the app, and when I cleared the place, they had furniture nicer than I would use and expensive health supplements/cosmetics etc on the order of several $hundred per box, that they just abandoned when they moved out like it was no big deal. Which is really ironic, because a lot of these influencers talk about being environmentally friendly, vegan, health and earth conscious. But when you look at how they live, my god. They live like a pig in a world of glut. And their finances, also kinda in trainwreck.

And I posted earlier about my tenant that decided to cancel his least because he's going back overseas for 2 months starting December, and didn't feel like he should pay for the 2 months rent while he is not using the condo... Go figure...

Submitted by teaboy on October 29, 2021 - 3:29pm.

Coronita wrote:
And I posted earlier about my tenant that decided to cancel his least because he's going back overseas for 2 months starting December, and didn't feel like he should pay for the 2 months rent while he is not using the condo... Go figure...

TBH, I can imagine myself making the same decision as your tenant, on the grounds of:
-I like to make the occasional outrageous request (politely) and a couple of times have unexpectedly gotten a positive response.
-I have a general aversion to authority (ie. Coronita, the landlord)
-I generally hate inefficiencies (ie. a home being empty/unused for 2 months) and try to embrace change over maintaining the status quo.
-Before Kids, I had an income where dropping an extra $300-400/month would not impact my lifestyle materially.

Who knows, maybe he'll come back, find a better place where he finds/makes new, lifelong friendships.
Or maybe he'll come back, pay more for a worse place, become unhappy and get pushed in new direction.
To me, either of those options might be better than coasting along, same sh*t different day.

tb

Submitted by flyer on October 29, 2021 - 4:53pm.

sdrealtor wrote:
flyer wrote:
Have a friend who is a Vice Chancellor at UCSD, and they have never seen this level of enrollment. The good news is all of those potential homebuyers may want to stay in San Diego, which bodes well for our market.

Had a UCSD Vice Chancellor apply for a rental once. Have never seen that level of credit card debt before. Your friend?

As in all professions, there will always be those who have financial problems. I've run into lots of financial train wrecks over the years--it's sad, but nothing new there.

The person I mentioned wrt an enrollment comment is a neighbor, and is doing very well.

Submitted by sdrealtor on October 31, 2021 - 10:13am.

flyer wrote:
sdrealtor wrote:
flyer wrote:
Have a friend who is a Vice Chancellor at UCSD, and they have never seen this level of enrollment. The good news is all of those potential homebuyers may want to stay in San Diego, which bodes well for our market.

Had a UCSD Vice Chancellor apply for a rental once. Have never seen that level of credit card debt before. Your friend?

As in all professions, there will always be those who have financial problems. I've run into lots of financial train wrecks over the years--it's sad, but nothing new there.

The person I mentioned wrt an enrollment comment is a neighbor, and is doing very well.

Cool so you’ve seen their credit report

Submitted by Coronita on October 31, 2021 - 12:49pm.

teaboy wrote:
sdrealtor wrote:
flyer wrote:
Have a friend who is a Vice Chancellor at UCSD, and they have never seen this level of enrollment. The good news is all of those potential homebuyers may want to stay in San Diego, which bodes well for our market.

Had a UCSD Vice Chancellor apply for a rental once. Have never seen that level of credit card debt before. Your friend?

The most awesome part of being a landlord or property mgr is the unquestioned entitlement to feast your prying eyes over a prospective tenant's most intimate financial laundry.
Under a tenant's respectable 3-piece suit of a white collar executive-level job, you get a sneak peak of the florescent pink g-string that is regular side income from their stake in a local strip joint, or the dirty skid-marked underwear that is a maxed out credit card or other sizeable debts.
Do any pigglords out there have any other amusing tenant finance anecdotes to help me thru my Friday? :-)
tb

And yes, people also have returned a more than half eaten rotisserie chicken at Costco too.... Just because you can...doesn't mean you should ....

I don't care he's moving out. Like I said, he can have fun spending the same amount right now in Mira Mesa to live in a room shared with other people in a SFH for the same price 2 months from now, and deal with the hassle of moving his items in and out of places and keeping it in storage and dealing with roommates, and then when his wife and newborn does come back 4-6 months later after that, he can then have a fun time looking for a new place and with a traditional landlord that would have already jacked up his rent several times...I kept his rent pretty.mich below market for the past 2-3years and he was on month to month, which i could have asked for considerably more. Pennywise , pound foolish. oh well, not my problem. it's not like I jacked up his rent or wanted to kick him out to chase after bigger dollars. We wanted to penny pinch in the most asisine way and then as a reason, because he has to pay a lot more for an airline ticket post COVID economy...again, not my problem.. considering he's an engineer that makes $100k/year and never saw a reduction on pay....and totally out of touch with the MM housing market...he should have been thankful his rent stayed as low as it did for that long ..oh well...goodbye, good riddance.

Probably gonna do a quick remodel in the kitchen and put it on the market hopefully close to $400k. Was thinking about it earlier anyway but didn't have the heart to kick someone out simply because I wanted to turn a profit. Now I don't need to worry about that.

Submitted by flyer on October 31, 2021 - 5:38pm.

sdrealtor wrote:
flyer wrote:
sdrealtor wrote:
flyer wrote:
Have a friend who is a Vice Chancellor at UCSD, and they have never seen this level of enrollment. The good news is all of those potential homebuyers may want to stay in San Diego, which bodes well for our market.

Had a UCSD Vice Chancellor apply for a rental once. Have never seen that level of credit card debt before. Your friend?

As in all professions, there will always be those who have financial problems. I've run into lots of financial train wrecks over the years--it's sad, but nothing new there.

The person I mentioned wrt an enrollment comment is a neighbor, and is doing very well.

Cool so you’ve seen their credit report

Yeah, actually. We've done some business deals together.

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