Rural Urban Divide, Millennial Lifestyles & City of the Future

User Forum Topic
Submitted by FlyerInHi on February 8, 2017 - 1:43pm

Aren't we lucky to live in a desirable top 10 city that is growing in population and diversity? It must suck to live stagnant or dying towns.

http://www.usnews.com/news/articles/2016...

How will millennials drive the future of real estate?
I find it interesting that the Internet (by spreading information so fast and wide) is causing people to want to live in "cool" places causing more demand for the largest metros.

It's the reverse of "live in a small village and work remotely" prediction. Sure, some people are doing that; even digital nomads cluster in certain areas of the world (Bogota, Chiang Mai, Prague, etc.)
https://nomadlist.com/

Submitted by FlyerInHi on March 5, 2019 - 10:03am.

It also makes perfect sense to require that parking spaces be sold separately from condo units. So the city finally wised up. People are so slow to change.... we would be so much farther along and well ahead of other metros, if only people had wised up 30 years ago. I believe it’s always better to change sooner than later.

Submitted by The-Shoveler on March 5, 2019 - 10:16am.

To be honest I would not buy into something like this

Seems more low income project's type housing.

But maybe I am wrong.

Most people in SoCal at least want to have a car IMO.

Submitted by FlyerInHi on March 5, 2019 - 4:58pm.

The-Shoveler wrote:
To be honest I would not buy into something like this

Seems more low income project's type housing.

But maybe I am wrong.

Most people in SoCal at least want to have a car IMO.

Ok. More for people like me. I’m glad that people like me can now what we want. You can have your suburb and people like me can have our city. I don’t like government forcing urban planning on people.

Submitted by Myriad on March 7, 2019 - 11:00am.

FlyerInHi wrote:
Finally, the city of San Diego is allowing development without parking. About time.

This policy might work for downtown and areas near DT where people can get to everything without driving. However, for neighborhoods in the suburbs, this will be a shitshow for a few years. Most people will still have to have a car to get around within the neighborhoods, or if they work at a location with poor transit (most of SD).

I'm all for more public transit and higher density at the right locations, but SD's public transit infrastructure is weak, especially going East/West and within neighborhoods.

I live along the 56 corridor. The 56 is severely congested every day. Meanwhile, the city continues to plan to add thousands of units of housing along the corridor, with no plan for better transit. More lanes on the 56, that's planned for after 2030. Express lanes - nope, express buses to UTC/Torrey Pines/Sorrento Mesa - nope.

Submitted by FlyerInHi on March 7, 2019 - 12:37pm.

The 56 is not severely congested.

It’s a chicken and egg issue. But financial wise, you need density first and transit later. Because without density, there is no revenue stream for public transit.

Submitted by The-Shoveler on March 7, 2019 - 12:52pm.

You can get an uber/lyft in the burbs too,

I think the main thing is they need more public transit.

They wasted so much money on the CA-HSR project, but does any funding go to getting more trains to the burbs LOL.

The politicians up north etc.. are way out of wack with how the real people with real jobs and real families really live.

Give me a break.

Submitted by FlyerInHi on March 7, 2019 - 1:45pm.

I think we should privatize the highways and use the funds for public transit.
Private corporations will run the highways better than caltrans

Submitted by The-Shoveler on March 7, 2019 - 4:23pm.

Just make sure everywhere you have a suburb that has a new or existing freeway, it gets a rail line.

No "just the city" thing.

Submitted by FlyerInHi on March 8, 2019 - 10:08am.

No. The American transit model is all wrong. Everywhere else in the world is in the city only.

People think SF has good transit. But it’s shit compared to world class cities.

Maybe let the invisible hand work its magic. Privatize all infrastructure and the investments will naturally flow to where there is density and economies of scale.

Submitted by FlyerInHi on June 17, 2019 - 1:52pm.

Here’s a NYT piece arguing that Americans need more neighbors.
The least we could so is upzone lots and allow merging of lots for multi family housing. Also mix commercial and residential.

https://www.google.com/amp/s/www.nytimes...

Submitted by FlyerInHi on August 12, 2019 - 1:14pm.

FutureFuture

So a developer is planning a city of the future in Vegas, the first in USA.
It's not going to happen. In America, we will have nothing but incremental urban gentrification and more suburban sprawl. We will see.

https://news3lv.com/news/local/company-p...

Submitted by FlyerInHi on August 27, 2019 - 5:04pm.

I think this is so true. Millennials love experiences and they want well curated urban spaces.

Millennials are calling BS on the benefits of owning a home

https://qz.com/1686456/millennials-call-...

Submitted by The-Shoveler on August 28, 2019 - 6:24am.

There are at least 15 new home tracts being started between Fallbrook and Corona along the I-15 right now.

While maybe not Rural, definitely suburban.

American Suburbs Swell Again as a New Generation Escapes the City
https://www.wsj.com/articles/american-su...

Millennials Lead the Growth of New Home Buyers
https://www.newhomesource.com/guide/arti...

Why A Growing Number Of Millennials Prefer The Suburbs
https://www.fortunebuilders.com/why-a-gr...

Submitted by FlyerInHi on August 28, 2019 - 12:24pm.

Shoveler what you see is the old trend. The new trends are what matter.
Like any business, it’s the marginal changes that are indicative. It’s like the change from sedan to suv in the auto market. The Ford Taurus and Toyota Camry stayed best sellers for many years, notwithstanding the trend.

Look at what is happening in Vegas, the city that is definition of sprawl.
https://vegasinc.lasvegassun.com/busines...

Here is a new development with apartments just over 300sf. There are col-living spaces within 5 “studios” sharing a living room and kitchen
https://www.apartmenthomeliving.com/apar...

There is a lot of infill in San Diego and the people I know, nobody wants to move out to the suburbs. Maybe the military transplants and people from elsewhere like the suburbs.

Submitted by The-Shoveler on August 28, 2019 - 1:56pm.

If your a young childless single that 300sf will do for a year or two.

If you can afford the close in "suburb" that's great, most cant, so they move out a little further until the jobs come to them, then they are the new close in suburb.

rinse and repeat

Put it this way, If you have a Kid, the last place you want to raise them is anywhere close to downtown.
You are looking for a place filled with soccer moms.

Most people will have kids, step kids, adopted kids or even grand kids living at home at some point in their lives.

Very Few never have kids they are responsible for.

Submitted by FlyerInHi on September 11, 2019 - 1:00pm.

Wow. I have new tenants in Vegas. They are a retired couple.
They lived in Palmdale and commuted daily 100 miles to Van Nuys. Nuts!
They got a killer deal during the recession and just sold. Now they are looking at buying a brand new house in a “nice” neighborhood in the middle of nowhere. I can’t imagine being retired, being so isolated, and dependent on the car, so far from everything.

Submitted by The-Shoveler on September 11, 2019 - 1:23pm.

How do you "KNOW" that they are not walking distance to the nearest grocery store and a mile or two from the hospital?

My mother lives on a golf course (with club house pool etc..) is waling distance from a stater brothers (and restaurants etc...) and a mile from the nearest urgent care .

This is in Valencia.

Submitted by spdrun on September 11, 2019 - 1:51pm.

The Shoveler -- kids in NYC (generally the outer boroughs, but not the suburbs) actually have more opportunities than suburban kids. Get into a decent high-school and they have co-op programs where they can help do research at local universities like CUNY and Rockefeller.

Submitted by The-Shoveler on September 11, 2019 - 1:54pm.

If they can afford it great!!!

Submitted by spdrun on September 11, 2019 - 2:07pm.

It's actually cheaper in some ways if you're lower-middle-class ... higher income taxes, but much lower property tax. Transit for $2.75 per ride is also a nice perk -- you can get away with one "beater" car if any. The trick is to live like a recent immigrant family and lower your expectations (I have none).

Also, better social welfare programs. Free pre-K, high limits for CHIP, eligibility for $50/mo insurance up to $100k/yr income for a family of four. Defense contractors and big corporations take welfare, no reason why the little guy or girl shouldn't as well.

And free college for the kids up to $120k/yr family income is another decent perk.

Submitted by FlyerInHi on September 11, 2019 - 2:20pm.

They told me they had a 3400sf on a hill in the nice part of Palmdale. I’d rather live in an old house near work in Van Nuys. Van Nuys is the suburbs already and Palmdale is like the exurbs. 100 miles to work is nuts! They are late 50s and 60s.
These people are considering a brand new house in Lake Las Vegas which is 1 hour away from the city.

I could do a golf community like Laguna Woods. It’s fairly conveniently located in OC.

My cousin in OC bought a retirement house in Fairfield up north. They don’t even go up there because it’s so far from everything and nobody would ever visit. I think retired people should be in a big city or a tourist area such as Santa Barbara so family and friends will visit. If you’re 1 hour away from attractions, people will stay at hotels and never visit.

I was talking to recent Central American refugees. They said gringos are lonely solitary people who live separated by distance and have few family and friends.

Submitted by The-Shoveler on September 11, 2019 - 2:34pm.

I went there once (Lake Las Vegas)

Seemed like a decent place to retire to me LOL.

https://www.marriott.com/hotels/travel/l...

more pic's
https://www.google.com/search?q=lake+las...

Submitted by The-Shoveler on September 11, 2019 - 3:43pm.

Lake Las VegasLake Las Vegas

Seems like it has grown some since I was there last.

Maybe not a place for me (staying in SD thanks), but probably better than a crappy part of town near the city IMO.

36 minutes from strip.
Minutes From stripMinutes From strip

Submitted by Myriad on September 12, 2019 - 10:33am.

I remember in 2009 when people were concerned Lake Las Vegas was going to drain.
https://www.reviewjournal.com/news/bypas...

Submitted by Myriad on September 12, 2019 - 10:46am.

spdrun wrote:
The Shoveler -- kids in NYC (generally the outer boroughs, but not the suburbs) actually have more opportunities than suburban kids. Get into a decent high-school and they have co-op programs where they can help do research at local universities like CUNY and Rockefeller.

One of the problems of having kids NYC is that your kids have to test in to get into one of the better high schools (Bronx Science, Stuyvesant, etc).
https://www.manhattan-institute.org/perf...
The other schools are not nearly as good, so some parents feel compelled for private schools if they don't get in. Of course that sets you back $40k/year.

On the other hand, here in CA an other states, you buy your way in to a better school district with higher home prices.

But the worst is NJ. High income taxes, high property taxes >2%), schools can be crappy, roads are terrible.

Submitted by FlyerInHi on September 12, 2019 - 11:12am.

Shoveler, if you ever decide to retire in Vegas, look at the Las Vegas country club. It’s right in the middle of the city. The houses are old but nothing a good renovation can’t fix. You’re 5 min from everything. A place like that in any world metro would be worth so much more. No state income taxes on your non-California income.

Btw, the gps does not show door to door time. It’s more like 1 hour to 1.5 hours from lake Las Vegas. I think Celine Dion went by helicopter.

Submitted by The-Shoveler on September 12, 2019 - 11:45am.

I was there a several years ago, did not seem that far at the time (not sure right now why I went there, maybe some RE advertisement we wanted to check out).

But that was non-traffic hours (which if retired is easier to drive during those times).

Submitted by FlyerInHi on September 12, 2019 - 1:48pm.

I am very time and distance sensitive. If you live on a hill, it takes about 15 minutes just to drive down to the main road.

Submitted by temeculaguy on September 13, 2019 - 6:36am.

I've toyed with the idea of retiring in Nevada for tax avoidance purposes. Some friends just retired to Henderson and we have other friends who have moved there as well. They purchased a home there and spend 8 moths a year there so they do not pay Ca income tax. Their tax savings equals their mortgage. I realize they are an anomaly with a 250k annual retirement income. They gave their paid off house in SD to their adult son and his wife and grand kids under the agreement that they can keep a bedroom and summer there 4 months a year to avoid the heat in Vegas. Plus they tend to travel abroad during that time too.

Flyer, what do you think of Henderson? Options I've looked are a house in henderson or summerlin or a condo or a condotel on the strip in retirement and keeping the Temecula house, I would avoid about 1500/ mo in state income taxes but with the added expenses of two residences (utilities, repair, taxes, housekeepers) always keeps me at bay. We would not be able to rent out the Nevada place for more than 5 months a year or we'd forfeit the tax savings (making the condotel inviting), we may not rent out either place so we could come and go as we please. We do have a very large family who could make use of whichever property we were not at. More than likely we will just have one house in retirement and just pay our taxes and bitch a lot.

Submitted by scaredyclassic on September 13, 2019 - 7:22am.

I trying hard not to buy things I dont really want just because they're a "good deal". My wife wouldnt move to NV anyway .

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.