Piggington's Evoloution-when will housing prices become the discussion again.

User Forum Topic
Submitted by temeculaguy on March 7, 2019 - 12:48am

As an OG of this site I have dropped in every few months only to close the window in disgust to see what my once loved forum has become. I have different motives today than I did back then. I bought eleven years ago after the biggest bubble in my lifetime and I will always credit this place with how I managed to time the market. Now I'm curious as my children are now adults, college grads and in the workforce, I want to give them advice that is timely as far as purchases or renting goes.

But alas, the site is awash in liberal drivel, socialism, politics and trump derangement syndrome. What the hell happened? This place was the "red pill" to the main stream media circa 2006 and look at it now. To quote Bunk from the Wire "Makes me sick how far we done fell" https://www.youtube.com/watch?v=1wmgghlEagA

So when does piggington become a forum for the economic punk rockers again, those who would never listen to the main stream media and want to beat the sheeple and the system. Or will it remain a place democratic socialists go when the Rachael Maddow show has a guest host?

I've also seen the treatment of some old friends by the rabid progressives and have been tempted to intervene, but wisdom prevents me from doing so because they need to age out of it. As the old saying goes, "if you are not a socialist by 20 you have no heart but if you are not a conservative by 40 you have no brain." They need to age out of it and I will not convince them otherwise, however at some point someone has to declare "adult swim, everyone under 18, out of the pool." Plus I hate politics and despise both sides and never put that much faith in another human.

BTW interesting history about that socialist quote, https://quoteinvestigator.com/2014/02/24...
there's debate about who said it and what they said, but any of those credited and any of the versions still make the point.

Submitted by flu on March 11, 2019 - 11:06pm.

Well, to be fair who is front and center speaking these days...

AOC: we need to tax robot makers 90%

Warren: we need to break up Google, Facebook.

Warren: we need to break up Apple too

and the list goes on and on...

as a tech worker and as a business owner, this should be pretty alarming. it's not any one particular thing.. It represents a complete lack of understanding and a gross overreach if these nutjobs actually were to win, no different than Trump's ignorance.

these nutjobs are making the entire Democrat party look awful, particularly all the moderates that one could get behind.

AOC is a complete moron, the exact opposite of moron Trump. And this is the best both parties have to offer..
That's just sad.

I for one am sick of the extremities coming out of both parties. Both are equally terrible in different ways. Rather than to make this country better, both extremities are fixated in assessing blame.

Submitted by zk on March 11, 2019 - 11:59pm.

temeculaguy wrote:

Mea Culpa ZK, it was not my best work.

Kudos for recognizing and admitting. I do remember a whole lot of good work.

temeculaguy wrote:

I did find what was once on the cutting edge of economics had become a much different place

The forum is obviously dominated by non-real estate topics. But Rich steadily keeps us in the know on real estate trends on the main page. In my opinion he is still, about 15 years after his data and analysis first helped me make good real estate decisions, the best and most unbiased source for such information. And the forum, while dominated by other topics, is still a place where you can ask real-estate questions and get some input from some pretty smart and knowledgeable people.

Not long after Rich started the forum, it had already started to take a turn away from real estate. There was also already some strife between posters. Rich asked me if I thought the forum was something he should keep (or maybe he just asked if I thought he should keep the "off topic" section; I don't remember). Maybe he foresaw then what it has become now; he was hesitant to keep it. I don’t think he’s a fan of drama. I said that I thought he should keep it and, even if I knew then what I know now, I’d still have said yes. It’s a pretty interesting place that, in my opinion, is several notches above most internet forums as far as the level of conversation (a low bar, to be sure, but, still...several notches). Also, the forum is its own community. Which is kind of cool, if you ask me. (Even if it is complete with the drama and strife you find in basically any community.) Also, I think that knowing a little about the person who’s giving real estate advice helps you evaluate that advice, and this forum helps you know them.

Is the forum perfect? No. Would it be better if it was a bit less dominated by non-real estate stuff? Probably. Would it be less dominated by non-real estate stuff if there was another bubble like the last one and all but the tiniest number of the pundits were clueless about it? Almost certainly.

temeculaguy wrote:

It is possible that real estate is accurately priced, there is no large scale conspiracy like there was in 06…

There doesn't have to be a conspiracy for real estate to be inaccurately priced. There's a cycle, and prices fairly steadily move back and forth between undervalued and overvalued.

temeculaguy wrote:

However looking at the rent to purchase ratio, it still seems off to me in some places and renting looks better especially for young couples in the twenties whose careers have just begun and may take some twists, turns and location changes in the next few years.

I could easily be wrong, but I think the consensus is that compared to the mean (by any number of metrics), housing prices are a bit high (but nothing like the bubble of last decade), leaving the question to be, “how will they revert to the mean?” Of course that could be anything between a sudden drop (unlikely) and prices that continue to rise, but at a slower rate than inflation. Although there's always a chance that there could be an even further disparity from the mean before reverting (which also seems unlikely at this point, although not as unlikely as a sudden drop, in my not-necessarily-all-that-informed opinion).

temeculaguy wrote:

However that was not an idiotic quote.


For now, I’ll agree to disagree with you on that. I wanted to get this posted before I go to bed. But I have some thoughts on that, and I look forward to debating with you about it (if you’re into that sort of thing).

Submitted by temeculaguy on March 12, 2019 - 12:11am.

Now that's what I'm talking about, just ignore my replies on another thread but you broke out the D word and FLU was right my comments there and here were not directed towards you.

So I like to look at rent to price ratios as a time to purchase and we've seen them fluctuate over the past 10-15 years. It doesn't look like a huge bubble but it looks misaligned but not by the amounts it once did.

I've got two specific real estate questions for different kids. Now that we've had our opening slap fight, my apologies, now let's get down to business.

Scenario 1, low 20's couple, one works inland N. County and had traditional M-F schedule, other one will/may be moved throughout the county every so often but won't commute during peak hours. Take home pay combined, 8-12k a month, no kids and no immediate plans. RB, 4S, San Marcos, Poway, Penisquitos, Carmel Mtn, Scripps Ranch are all in play. Nice condos and little houses seem to rent for 2500-3000. Buying them seem to be 600k+ with the newer ones having higher taxes and mello roos. They like the newer ones.

Scenario 2, mid 20's couple, no kids. Can't give work location or income as they are relocating from Vietnam and will be arriving soon with capital, degrees and mastery of multiple languages. They have a strong desire to live in or near other Vietnamese speakers so as to not lose their skills. One of them also speaks Chinese. Both were English teachers for 3 years in Asia but teaching or language is not their degree nor what they will be doing for work once here, more of a hobby and a comfort to be near a community, not a necessity. She is Asian and fluent in English without an accent and he is a blond white kid who speaks, reads and writes Vietnamese which is fun to see in action. I'm at a loss where to direct them as they are not wanting to replicate where they were but would like to have some connection to people, cuisine and language of where they were. City heights/little saigon fits some of the list but not really, they are accustomed to either a more upscale or safer place without sounding too elitist. If someone is from there or has been there they will understand, they are district 1 people.

There you have it, a real estate question. I'm recommending they all rent for at least a year and based on what I've read thus far there's no real danger of prices getting away from them in the next 12 months.

Submitted by scaredyclassic on March 12, 2019 - 4:52am.
Submitted by Hobie on March 12, 2019 - 5:42am.

Welcome back TG! For #2 Cbad>S.Oside>Encin. to explore. How about the OC? South Irvine, Huntington Beach.

Not to jack your thread too much, but you mentioned there is little to talk about re real estate. I think we could find a lot to talk about regarding investing in companies and real estate. Specifically, as mentioned the Norco, Eastvale area is going off for commercial buildings. Those future employees need a place to live. Maybe this will resurrect places like Adalanto. But throw in the traffic issues, especially the 91fwy and the 15 down the pass and it will swing the focus to places like Hemet, etc.

We do get some interesting new OT stuff, but it needs to be moderated when self moderation doesn't work. ..and who has time for that chit.

Look forward to more of your witty stuff TG! Breath of smart, fresh air!

Submitted by The-Shoveler on March 12, 2019 - 7:07am.

My Wife does not seem to have any problem finding people to speak Chinese with no matter where we go in SoCal, even TV.

There are several Vietnamese restaurants in TV as well as a good sized "mostly" Vietnamese super market.

Submitted by FlyerInHi on March 12, 2019 - 9:39am.

flu wrote:

I for one am sick of the extremities coming out of both parties. Both are equally terrible in different ways. Rather than to make this country better, both extremities are fixated in assessing blame.

This is objectively false. You need to study political science a little.

Bill Clinton was center right who moved the democratic party to the right. And the Republicans moved to to extreme right. Trump is the Chief Executive. AOC is nowhere near the presidency. There is no equivalency.

Submitted by The-Shoveler on March 12, 2019 - 9:46am.

IMO flu is right,

Show me a moderate Dem, then I think they can defeat Trump, keep throwing up extreme left candidates, Trump wins.

Submitted by FlyerInHi on March 12, 2019 - 9:52am.

I have been to Vietnam several times.
District 1 people don’t even want to go 5km to new district 7.
Your friends should rent in North Park now and look for an infill development. Or buy something to remodel.
Shank and Bone in North Park is great restaurant. The owner designed the restaurant herself.

Submitted by FlyerInHi on March 12, 2019 - 9:54am.

The-Shoveler wrote:
IMO flu is right,

Show me a moderate Dem, then I think they can defeat Trump, keep throwing up extreme left candidates, Trump wins.

Ok Trump wins if you say so. But if you believe that, then republicans are more extreme. Don’t claim symmetry when there is none.

Submitted by zk on March 12, 2019 - 11:36am.

temeculaguy wrote:

Now that's what I'm talking about, just ignore my replies on another thread but you broke out the D word and FLU was right my comments there and here were not directed towards you.

I’m not sure what the above means, but I would never ignore your replies. I didn’t see those comments until this morning, and I have plenty to say about them.
temeculaguy wrote:

Now that we've had our opening slap fight, my apologies, now let's get down to business.

Ok, I kinda wish I saw that before I responded on the other thread. But I really would love to hear what you have to say over there.
temeculaguy wrote:

So I like to look at rent to price ratios as a time to purchase and we've seen them fluctuate over the past 10-15 years. It doesn't look like a huge bubble but it looks misaligned but not by the amounts it once did.


Concur.
temeculaguy wrote:

Scenario 1, low 20's couple, one works inland N. County and had traditional M-F schedule, other one will/may be moved throughout the county every so often but won't commute during peak hours. Take home pay combined, 8-12k a month, no kids and no immediate plans. RB, 4S, San Marcos, Poway, Penisquitos, Carmel Mtn, Scripps Ranch are all in play. Nice condos and little houses seem to rent for 2500-3000. Buying them seem to be 600k+ with the newer ones having higher taxes and mello roos. They like the newer ones.

Scenario 2, mid 20's couple, no kids. Can't give work location or income as they are relocating from Vietnam and will be arriving soon with capital, degrees and mastery of multiple languages. They have a strong desire to live in or near other Vietnamese speakers so as to not lose their skills. One of them also speaks Chinese. Both were English teachers for 3 years in Asia but teaching or language is not their degree nor what they will be doing for work once here, more of a hobby and a comfort to be near a community, not a necessity. She is Asian and fluent in English without an accent and he is a blond white kid who speaks, reads and writes Vietnamese which is fun to see in action. I'm at a loss where to direct them as they are not wanting to replicate where they were but would like to have some connection to people, cuisine and language of where they were. City heights/little saigon fits some of the list but not really, they are accustomed to either a more upscale or safer place without sounding too elitist. If someone is from there or has been there they will understand, they are district 1 people.

There you have it, a real estate question. I'm recommending they all rent for at least a year and based on what I've read thus far there's no real danger of prices getting away from them in the next 12 months.

Totally concur that there’s no real danger of prices getting away from them in the next year.

I would inform them, if they’re not already aware, of the way that prices fluctuate within the year. The fact that in the spring there’s almost always a hot seller’s market (relative to the overall trend) and in the fall/winter it’s the opposite. (For example, if the trend is rising prices, they’ll rise faster in the spring and rise more slowly in the fall; if the trend is falling prices they’ll fall slower in the spring and faster in the fall. Or rise in spring and fall in fall. Or whatever.) If they’re not constrained by moving when it’s convenient for children’s school schedule or whatever, then they’ll generally find a looser market in the fall (although sometimes there might be fewer homes on the market). Also, being aware of this cycle might help to keep them from panicking if prices are rising fast in the spring. It might also encourage them to wait for fall if prices are flat or even falling during the spring.

I think renting is a great way to see if you like living in an area, too.

My wife has a few Vietnamese friends, and she’s going to ask if they know of any areas in SD where Vietnamese are concentrated. I don’t really think there are any. We’ll see.

It would be fascinating to hear the white kid speak Vietnamese. It is a wildly different sounding language, and I’ve never seen a white person speak more than the most rudimentary basics. I read somewhere that Vietnamese has 56 different vowel sounds. Which seems impossible until you start thinking of all the different vowel sounds you can make if you start taking into consideration how nasal they are or other things like that. Chinese is really hard to learn (I failed) but Vietnamese seems even harder.

Submitted by FlyerInHi on March 12, 2019 - 12:37pm.

Zk, I happen to know Vietnam and people in Vietnam whom I made friends with and friends of friends, etc....

For young people, convenience of location is very important. They don’t want to drive far away. From example, driving from Rancho Barnardo to Convoy is a deal breaker.

When you talk to your wife, mention that this is for District 1 people, not for non-district 1 people. There is a special culture to District 1 that is impossible to replicate in San Diego. For more upscale living near San Diego little Saigon you have talmadge, north park, Kensington. North park is the most walkable and hippest.

Submitted by temeculaguy on March 13, 2019 - 12:18am.

In Scenario 2, I may have overstated the District 1 people thing. She grew up an hour outside of District 1 in the countryside,he grew up in Temecula so they are comfortable outside city centers and both like the new district 7 (as do I, district 7 is like 4S ranch or Del Sur, new but a little ways out from the center). For those who have never been there, district one is like Manhattan. They are totally aware there is no equivalent here. They are not chronic urbanites but have lived there for 7 and 3 years respectively so it's not something ingrained. In that city which lacks subways with the population of NYC it can take 30 minutes to go just a few miles on a motorbike. Proximity is more important there and motorbikes makes driving less enjoyable, especially wearing face masks for pollution, no radio, conversation or phone calls, not to mention a different view of right of way and traffic signals. A 60 mile commute here is probably less taxing mentally than a three mile one there. They may even like Temecula which is where they will stay temporarily once they arrive.

And yes ZK, it is amazing to watch. I assure you it's not a novelty or a few key phrases but perfect conversation which is a result of 3 years/16 hours a day of speaking/hearing it both in the home and at work. The wife and I recently spent three weeks there with them and it never got old watching people react once he began speaking. I never even tried, every word seems to have 10 different meanings if the tone is different. I pick up other key phrases in other languages fairly easily but Vietnamese and Chinese is on another level, I didn't even try, I pointed a lot.

The UT has an article about SD having a very high level of price reductions, so perhaps a mild correction is afoot. I appreciate the insight on the seasonal fluctuations, that's excellent advice and since both scenarios are childless, they should shop in the fall no matter which year.

Submitted by The-Shoveler on March 13, 2019 - 7:19am.

For the time they are in Temecula

The Ranch 88 market on Ynez RD is a good sized Asian market, also has a decent restaurant, herb shop etc...

The Restaurant has Vietnamese and a variety of Asian food,

Kind of like Sam Woo it has a fast and a more formal dine in side.

Submitted by FlyerInHi on March 13, 2019 - 12:40pm.

I don’t know if she’s been to America before, but If she grew up in the countryside, she’ll like Temecula. She will like the cleanliness and the newness. She might get bored later as she discovers American social life.

But if she were from an urban upper middle class urban family, she would find Temecula extremely inconvenient.

I have lots of Asian friends and they expect the USA to be modern and sleek. They would be disappointed with old houses such as ones in East San Diego. The first reaction would be “what kind of modern country is this?”

If they sold a condo in District 1, they should have the cash to buy in a nice new home downtown sd, Mission Hills, hillcrest, North Park, Civita in Mission valley, or even UTC or Mira Mesa which has become a tech/Asian neighborhood.
The new Meet Fresh cafe by HMart is so busy. Not worth the wait.

Submitted by The-Shoveler on March 13, 2019 - 1:53pm.

Delete

Submitted by no_such_reality on March 14, 2019 - 11:58am.

TG, if your kids are thinking housing, the Elephant in the Room that doesn't get talked about, schools.

Not the schools as in good/bad. But the general California situation with the schools and funding. Much like the unfunded pension issue, which is still 20-30 years out, IMHO, the schools are rapidly facing a crisis that starts hitting now.

Statewide, and particularly in the in-fill development mature areas, enrollment has been dropping for years. Even rapidly building out places like Irvine are basically flat and fighting for transfers. Because of the way funding lags on enrollment, the district's this year are facing the first of three baked in years of cuts. Future enrollment projections indicate a trend that will continue for years. I suspect local schools will have a tumultuous 5 years.

On an overall housing standpoint, this doesn't change much, however, on a local standpoint, this greatly increases the required diligence in understanding the School District plans for the assigned schools and requirements for transfer to desired schools.

It also, IMHO, greatly increases the relative value of schools that are locally zoned for the magnate/immmersion programs. Often the schools that are dwindling are revitalized into a immersion or magnate program. It also mandates a realistic evaluation of families tolerance/preference for private school or commute to desired school.

jm2c.

Submitted by phaster on March 14, 2019 - 2:38pm.

moneymaker wrote:
Like the Winston Churchill quote and bookmarked the site. Also bought post bubble, 10 years ago. So real estate is not on my priority list. Still fun to watch as my wife seems to be addicted to it. The stock market is also starting to get boring, Trump needs to spout off more often to shake things up, got about 30% cash waiting for something to happen. For lent I think I'll become anti-commercial and try not to spend any more money than I need to.

slightly off the RE topic,... but since you mentioned it, back in a high school religion class had a discussion about what we were suppose to do during lent (i.e. the act of giving up something to practice self-discipline and remember the sacrifices Jesus made),... so shared I needed to rid myself of my habit of,... procrastination!

that was decades ago,... sadly I still have and should rid myself of a procrastination addiction?!

as for "local" RE prices,... for the most part they reflect supply and demand along w/ being a function of access to credit

for the past few years we see demand high and supply low,... hence as expected prices of existing san diego RE is being bid upward,... which also means decreased general affordability

www.TinyURL.com/2019sdre

BUT given access to credit isn't as widespread as it was back in the sub-prime lending mania of 2003-2007,... there isn't as much excitement discussing housing prices because there are fewer players and FWIW as I read the tea leaves we're in an extended period of a more subtle greater fool credit bubble

greater fool theory

Submitted by phaster on March 14, 2019 - 3:18pm.

flu wrote:
I'm still waiting for peak oil....

You know, that conviction that blew up in doomsday theorists face, royally...Funny no one likes to talk about it anymore... But hey, it's a great folklore, right up there with the entire John Titor timer traveler folklore..

Damn, there were a heck of a lot more dinosaurs that decayed than peak oil theorists estimated....

ha ha ha

Scientists 1, Conspiracy Theorists 0

sigh,... déjà vu

cut, copy, and paste

https://www.piggington.com/ot_bearishgur...

Submitted by phaster on March 14, 2019 - 3:22pm.

spdrun wrote:
Wouldn't we be better off if peak oil HAD hit 20 years ago and we were updating the nation's electric grid to handle (say) 75% of vehicles being electric, electrifying freight lines, converting all oil heating systems, etc? Also, we'd have more clean, safe, and modern nuclear reactors as well as renewable power right now.

Cheap oil and gas are crutches that keep us from developing cleaner energy technologies.

20 years ago (about the year 2000) CO2 levels were about 370ppm
https://blog.datawrapper.de/weekly-chart...

currently its 410+ ppm
https://www.co2.earth/daily-co2

unfortunately even if there was a dramatic reduction in liquid fossil fuels (i.e. gas, diesel and JP4) due to crude extraction constraints,... CO2 levels would have and will continue upward (w/ various chaotic effects on the environment) because coal could be converted into a liquid fossil fuels via the Fischer–Tropsch process

basically we're rushing in uncharted territory w/ unappreciated risks (by the public in general) where the interaction/feedback of economics/finance are not included in the calculus

https://interestingengineering.com/advan...

tick, tick, tick,...

Submitted by scaredyclassic on March 14, 2019 - 3:44pm.

im under the impression trump threatened dems physically with harm via cops military and bikers loyal to him.

he is a fucking human piece of shit.

Submitted by renterclint on March 14, 2019 - 10:27pm.

Amusing post, TG. I totally relate to your comment about returning to this website occasionally hoping to find some good discussion on housing, but not finding much. There were once some great discussions here, but I recall there were plenty of liberals posting even back then. Congrats on the great timing of your home purchase. I'm jealous of all you folks who were able to buy at a reasonable price. I'm currently saving-up to buy in north county coastal in a couple years when my youngest finishes up high school.

I might scrap my two-year purchase plan and just pull the trigger on this very unique beauty in Carslbad (link below). I can fulfill my child-hood firefighter dreams while achieving homeownership.

https://www.zillow.com/homes/for_sale/Ca...

Submitted by outtamojo on March 14, 2019 - 10:46pm.

But but we despise both sides...

Submitted by AN on March 15, 2019 - 12:39am.

temeculaguy wrote:

Scenario 2, mid 20's couple, no kids. Can't give work location or income as they are relocating from Vietnam and will be arriving soon with capital, degrees and mastery of multiple languages. They have a strong desire to live in or near other Vietnamese speakers so as to not lose their skills. One of them also speaks Chinese. Both were English teachers for 3 years in Asia but teaching or language is not their degree nor what they will be doing for work once here, more of a hobby and a comfort to be near a community, not a necessity. She is Asian and fluent in English without an accent and he is a blond white kid who speaks, reads and writes Vietnamese which is fun to see in action. I'm at a loss where to direct them as they are not wanting to replicate where they were but would like to have some connection to people, cuisine and language of where they were. City heights/little saigon fits some of the list but not really, they are accustomed to either a more upscale or safer place without sounding too elitist. If someone is from there or has been there they will understand, they are district 1 people.

Mira Mesa. That's where the Vietnamese in San Diego who can afford to move out of City Heights move to. Now, if you're talking 2nd and 3rd generation, then they'll venture out to places like 4s and Del Sur, but being near family is quite important, so there are still quite a bit of 2nd and 3rd generation living in Mira Mesa. That's why there are 2 Vietnamese market, 6+ Pho places, 3 non Pho noodle places, a bao place, 2 Viet-Cajon restaurants. Beyond Vietnamese food and restaurants, there's a Korean market, a Filipino market, one 3 Ramen places (1 being one of the best in SD), etc. 85 degrees, etc. I can go on but you get my point. If they plan to have kids, their kids will fit right in.

If they like new and can afford 4S & Del Sur, they can also look at the newer homes/condos off Calle Cristobal and Camino Santa Fe. They're about 2-5 years old. If they want to be a little further away, they can check out Sorrento Valley houses or Wateridge for townhouse.

If they want spanking new, they're about to break ground on the 3Roots development. https://www.3rootssd.com/. Model should be available by the end of next year and fully built out in 2025.

Submitted by AN on March 15, 2019 - 12:34am.

zk wrote:
I don’t really think there are any.

There are 2. City Heights and Mira Mesa. Linda Vista has some too.
zk wrote:
I read somewhere that Vietnamese has 56 different vowel sounds.

There are 11 vowels and 5 accents. So, if you count the accents and how they change the sound of the vowels, then that's correct.

Submitted by flu on March 15, 2019 - 1:17pm.

AN.. I miss you.. Where have you been? I've been holding the fort down...... help me!!!!!

Mira Mesa is on fire. It's cool and hip.... unfortunately, MM is really expensive now too.

Townhomes starting in the low 5's.
Starter SFH in the low 6's

Lots of Asian shops now, a spillover of the type of businesses you use to find only off of Convoy.

Submitted by AN on March 15, 2019 - 2:15pm.

flu, thanks. I come here once in awhile to see if there's anything worthwhile to post about (i.e. anything other than politics).

Yes, MM is on fire. But so is almost everywhere else in SD, IMHO. A run down 2/2 1000 sq-ft but with canyon view is around $540k now. A 3/2 1100 sq-ft is going for low to mid $600k. That's pretty crazy.It's no longer a boring suburb it used to be. It's close to all the tech jobs in Sorrento Valley, the banking jobs in UTC. Then there's the rumor of Apple opening up shop in either SV or UTC. Google is already in SV, so it'll be interesting to see if they'll start to expand here. Then there's AMZN's new campus that should open soon in UTC. Food options are starting to creeping up to Convoy level, but with much better parking. Much more Asian family vibe, hence so many Asian markets. Not to mention the craft beer scene. Once 3Roots open, it'll definitely attract the younger crowds. My kids' class are definitely very diverse, unless you think all Asians are the same lol.

Submitted by flu on March 15, 2019 - 4:12pm.

AN wrote:
flu, thanks. I come here once in awhile to see if there's anything worthwhile to post about (i.e. anything other than politics).

Yes, MM is on fire. But so is almost everywhere else in SD, IMHO. A run down 2/2 1000 sq-ft but with canyon view is around $540k now. A 3/2 1100 sq-ft is going for low to mid $600k. That's pretty crazy.It's no longer a boring suburb it used to be. It's close to all the tech jobs in Sorrento Valley, the banking jobs in UTC. Then there's the rumor of Apple opening up shop in either SV or UTC. Google is already in SV, so it'll be interesting to see if they'll start to expand here. Then there's AMZN's new campus that should open soon in UTC. Food options are starting to creeping up to Convoy level, but with much better parking. Much more Asian family vibe, hence so many Asian markets. Not to mention the craft beer scene. Once 3Roots open, it'll definitely attract the younger crowds. My kids' class are definitely very diverse, unless you think all Asians are the same lol.

Damn all those lizards in far flug areas

Submitted by Astrid Rey on March 15, 2019 - 5:27pm.

temeculaguy wrote:
As an OG of this site I have dropped in every few months only to close the window in disgust to see what my once loved forum has become. I have different motives today than I did back then. I bought eleven years ago after the biggest bubble in my lifetime and I will always credit this place with how I managed to time the market. Now I'm curious as my children are now adults, college grads and in the workforce, I want to give them advice that is timely as far as purchases or renting goes.

But alas, the site is awash in liberal drivel, socialism, politics and trump derangement syndrome. What the hell happened? This place was the "red pill" to the main stream media circa 2006 and look at it now. To quote Bunk from the Wire "Makes me sick how far we done fell" https://www.youtube.com/watch?v=1wmgghlEagA

So when does piggington become a forum for the economic punk rockers again, those who would never listen to the main stream media and want to beat the sheeple and the system. Or will it remain a place democratic socialists go when the Rachael Maddow show has a guest host?

I've also seen the treatment of some old friends by the rabid progressives and have been tempted to intervene, but wisdom prevents me from doing so because they need to age out of it. As the old saying goes, "if you are not a socialist by 20 you have no heart but if you are not a conservative by 40 you have no brain." They need to age out of it and I will not convince them otherwise, however at some point someone has to declare "adult swim, everyone under 18, out of the pool." Plus I hate politics and despise both sides and never put that much faith in another human.

BTW interesting history about that socialist quote, https://quoteinvestigator.com/2014/02/24...
there's debate about who said it and what they said, but any of those credited and any of the versions still make the point.

What made this site and others like it during the housing bubble fascinating to read was that it was not simply about economics and housing prices. It was really about group thinking and how so many people will behave irrationally when they are surrounded by the safety of others doing the same thing.

It is so ironic that temeculaguy has now revealed himself to be a stereotypical Trump follower. Trump and his followers are driven by the selfish but irrational psychology that created the real estate bubble.

People put blind faith in the idea that real estate would make them wealthy and that the price would always go up despite obvious evidence to the contrary. This site presented such contrary evidence clearly but the zealots refused to accept it. Those in the club that believed real estate would always go up were validated by the fact that it did go up in an unexpected way for many years. The cultists would point to the extreme price gains as "proof" that this time things are different and the old established rules of economics were wrong all along. It was a scam that worked for so many people that they refused to see it as a scam.

Trump's victory in 2016 was a similar validation for people that believed in the scam that he was promoting. The polls said he would lose, but he won. His followers took that as proof that the mainstream institutions were no longer legitimate. It emboldened them to believe that they could challenge anything they did not like, regardless of actual evidence.

During the bubble, the charts and data Rich gave us represented the truth that so many refused to believe. Now in the phenomenon that is Trump the fact checkers that point out his constant and brazen lying provide the same service that this site did over a decade ago ago. But as before there are those that passionately refuse to believe plain evidence. It is more fun to believe the lie and bully the "naysayers" that speak the truth.

temeculaguy, you are the sheeple this time.

Submitted by scaredyclassic on March 15, 2019 - 5:34pm.

astrid...that is extremely insightful.

my mind is blown.

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