My porch looks amazing! A car and passenger ferry service, the Balboa Island Ferry , comprising three ferries running every five minutes, operates within Newport Harbor between Balboa Peninsula and Balboa Island in Newport Beach. Called "3 percent at 50," it lets deputies retire at age 50 with 3 percent of their highest year's pay for every year of service.
Saint Ronald Reagan shut them down when he was governor. It is not uncommon to see homeless in wheelchairs. Just a few weeks ago I was walking near the Santa Monica library when a homeless guy in a wheelchair asked me to push him to a bathroom at the library. He needed the push to the bathroom so he could empty the bag and rearrange stuff.
Actually, the author lies a little, the average price of a house in OC is like , to ,, it has gone down while Riverside is about , not , In fact Texas which is promoted here has increase a lot faster than Orange County.
Austin is now , about a 10 percent jumped compared to OC at about a 4 percent jumped in a year. Its cheaper to lived in these places but the author has always done some lying to make his point.
It makes for a distorted mess of a market. The Chinese will abruptly pull out like the Japanese circa The economy will cool, causing another housing crash. And all the smug people on this site will be moaning and groaning. That being said, Orange County will always be more expensive than other parts of the state and county. However, even exceeding five times gross income a houses are insanely overvalued. A lot of boomer suicides in the future. Most not by choice. My parents died at ages 87 and 92, and vigorous till their mid 80s.
My aunt died at age 99, in her own bed, in her own house, her body weak but her mind still sharp. A lot of us Boomers have good genes and are gonna be here for while yet. You got a long wait ahead of you. We all grow old and die. Unless we die young. Some of us die old and rich. And when the economy eventually lines up these boomers like cattle and puts bolts through their heads, I will be there picking what I want.
The kids will sell the house to pay their bills and fund their pot habit. Young vs old, black vs white, etc. Take illegal immigration — for the rich this means more customers and lower wages to pay.
The policies supported by both political parties first and foremost are meant to benefit the elite. It just happens that the boomers are the first in line to pick the breadcrumbs trickling down from the top. Eventually, the spigot will be shut off as existing boomer wealth becomes diluted among their descendants. The middle class will continue to shrink if the current policies of economic stratification through reverse wealth distribution persevere.
There are vast and good reasons to own real estate. Real estate bubbles have been how LA has developed since I would have loved to buy a nice shag carpeted house in , buy naugahyde furniture for it, and watch my equity grow as all those boomers leveraged the country into oblivion. And still have a defined benefits pension to boot. Really, you are idiots. I have some toilets for you to clean. People make fortunes regardless of whether they rent or own — ownership of real estate is not a necessary qualification for building wealth.
The truth is somewhere in the middle. House jockeys that blindly peddle their BS to the masses are the lowest forms of life. I get sick of people whining about no opportunity anymore etc. There is always opportunity, always. That being said this is generally speaking a horrible time to buy a deal for most people. Time for a trivial data point of 1: I recently attended by 25 year HS reunion.
For the most part, we could divide people into two camps … those that bought, and those that did not. Most of those that bought had at least K in equity and had a payment far less than current rent. Those that did not buy are mostly struggling to pay their skyrocketing rents.
Some of the renters are moving into worse areas in order to afford the rent. I know a person who relocated from Seal Beach to Anaheim.
If he would have bought 5 years ago, he could have locked in Seal Beach for a lifetime. Every generation, this happens over and over. Renters always lose in the long run. Owning is great, and should be an aspiration. The stock market is similar right now. Not exactly a place to dip your tow in, unless you listen to the AM radio carnival barkers.
I especially like the real estate ones. How about we all just float around for awhile and watch the next train wreck before deploying hard earned money into an overvalued market. So, pack up the blog and call it a day because nothing to see here? The real division is between financially prudent and not. Had to use the insurance money from a minor car accident to pay bills. But hey, at least they got a boat out of it.
Buying a single family house, not an apartment, condo, etc. The money that would have gone into rent, goes into the house. The millennial generation aka pussy generation voted overwhelmingly for Clinton. They have nothing coming. The uber rich limousine liberals continue to throw them crumbs. Deep pocketed foreigners continue to buy properties and price young Americans out of the housing market. These people are the new American political force and the Millinneals need to get used to it.
Continue to habitats with your mommies and daddies or in your grossly overpriced apartments. Maybe you can wear those safety pins used to hold up baby diapers….. Real estate is a good investment like stocks only if you have bought at the right time My friends who bought in are still underwater big time if you take all the insurance maintenance and taxes un consideration.. Btw… for … i converted my k into stocks and they are up 50 percent… time to bail stock market..
Stocks are so liquid. But, california law has made it fairly risk low risk to take the gamble on oc real estate. People secure lowest down payments possible through fha.
The only real cost for many people will be the damage on their credit report and the missed wealth building opportunity had real estate not tanked. But, they could also do very well from the slightest appreciation. They have all the downside risk when it tanks. It will be interesting to see the ramifications when all the combined income house humping couples have babies and are forced to cut down to 1 income.
The default rate will rock again, but they may simply end up in shadow inventory to mask the reality of the market. Take a week or extended weekend in and visit a place out of state that you think you might like. As a lifelong CA person with entire extended family here I know the psychological angst leaving creates.
But there are very cool places out of state to investigate. More time on socal freeways is not the answer. How much is a commute worth? Lord Blankfein December 6, at 7: Prince of Heck December 6, at NoTankinSight December 7, at 7: Prince welcome to LA where two thirds of properties are rentals…..
Lord Blankfein December 7, at 8: NoTankinSight December 7, at Cry me a river is correct. Prince of Heck December 7, at LB Besides those that you shed when imploring others to buy at current prices, what tears were you referring to? Hotel California December 8, at Manbearpig4lfe December 8, at Lord Blankfein December 10, at 8: McDuck December 12, at 9: NoTankinSight December 12, at 4: Hotel California December 12, at 6: John D December 7, at Flyover December 7, at 2: Slim Pickens December 7, at NoTankinSight December 9, at 7: McDuck December 12, at McDuck December 13, at 4: JNS December 10, at Slim Pickens January 16, at 5: Molo December 6, at 4: December 8, at Dweezilsfv December 9, at 8: Jeff December 6, at Flyover December 6, at 5: Miyagi December 6, at 8: Flyover December 7, at Where to move in flyover country depends on these factors: Ira December 9, at Flyover December 9, at 8: IRA, Tucson has some nice areas, but it is too big of a city for my liking.
George but it is too far from coast ocean and very dry. Walla Walla is greener. Jed December 6, at 5: Jim Taylor December 6, at 5: Hotel California December 12, at 7: You forgot everyone wants to live here and this place is different. Prince of Heck December 13, at Seen it all before Bob December 7, at Ira December 8, at 9: Seen this all before, Bob December 10, at 7: Paul A December 6, at 9: Escape December 6, at JNS December 6, at NoTankinSight December 7, at 8: Where did you move to?
RentaLurker December 7, at Time for the system to change my friends. GH December 7, at 2: QQQBall December 9, at 8: Hcat December 10, at 1: It was a challenge finding a parking place for the beach on a nice weekend day in John December 7, at 2: John D December 7, at 8: Brazil66 December 9, at 7: Where do you live now?
Jeff December 7, at ForeverRenting December 7, at 3: Flyover December 7, at 9: Are you humble enough to admit that I am right???!!!! Prince of Heck December 8, at 9: Molo December 14, at 1: Big Tex December 9, at The Realist December 7, at 6: Here we go with another Inland Empire thread.
Glaba December 8, at 3: How is Rancho Cucamonga nice? Only the tiny northern area close to northern Upland. John Nobles December 21, at 7: The Realist December 7, at 7: The Realist December 10, at 3: Prince of Heck December 7, at 4: Prince of Heck December 7, at 9: Ever notice that the bargaining stage of denial forms a plateau?
RathdrumGal December 7, at 9: I look forward to your responses. Good call on northern ID. I have my eye on Wallace.
RathdrumGal January 5, at 7: ForeverRenting December 7, at GH December 7, at 6: RathdrumGal January 6, at 9: I also HATE working remotely. GH December 8, at 6: Not like the interaction of freeway commuting. Jeff December 10, at 9: Just about as good as the trout fishing, river rafting, and snow skiing is on your end. Alice December 8, at Jon December 8, at Jed December 8, at 3: Miyagi December 8, at 7: Yes, but hopefully the van he lives in was not parked outside of the structure.
GreenGroovyMom December 7, at NoTankinSight December 7, at 4: John D December 8, at 7: Eddie89 December 7, at Lynn Chase December 7, at QE Abyss December 7, at 1: Gnarmondo December 8, at I am thrilled Trump is president. I was horrified at the thought of Clinton. Remember how strongly Dem that the state voted? Meri December 9, at 4: Molo December 9, at 6: The Realist December 8, at 6: A lot can be summed up here.
John D December 8, at All my 2 cents of course. Prince of Heck December 10, at 3: GreenGroovyMom December 8, at 1: Flyover December 10, at Escape December 9, at Miyagi December 10, at 3: Miyagi December 10, at JR Wirth December 10, at 2: JR Wirth December 11, at 1: And I do bitterly blame boomers for the state of our country, I admit that.
Jeff December 12, at Tell my millionaire grandparents renting is better than buying. Prince of Heck December 11, at 9: JR Wirth December 11, at Miyagi December 11, at Prince of Heck December 11, at 4: Miyagi December 11, at 9: JR Wirth December 12, at John D December 13, at 8: Curt December 12, at JD December 12, at Laguna Beach Fogey December 12, at 2: Still too many foreigners here, though.
John December 13, at 7: Comments Top Commentators Topics Popular. Govinda, you timed your sale prior to bubble 1 perfectly. But you totally blew your chance to I actually look at statements and try to validate them.
Waiting is also a good way of Although I suspect the market has topped out, the probability of there being a like burst is highly The content on Dr. Housing Bubble Blog is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy.
The ideas expressed on this site are solely the opinions of the author s who may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Seeking a Sourcing Lead with a manufacturing background, preferably in beauty and fashion experience. You will assist and work alongside the sourcing and operations team to source goods and manage the production process.
Our Sales Associates are the core of our Sales Team. Team up with Co-workers to ensure proper customer service.
Set up merchandise on sales floor Exceptional customer service skills Chilli Beans has a policy of nondiscrimination in all aspects of its dealing with people This is a multi-faceted, truly unique sales position that would be the right fit for an exceptional, entrepreneurial customer relationship account manager that is very motivated to create a successful career. This is a great opportunity to start your career in sales, marketing, and business development.
This position is ideal for students or new college graduates. We are looking for someon The ability to consistently report for work to different locations and venues in the greater Los Angeles and Orange County area.
The ability to walk or stand for 8 to hour shifts. The ability to communicat If you feel that you meet the qualifications, then we would love to meet you. We strive to provide each individual with the treatment that they need in a way that makes a positive difference. While we focus on providing top-tier care and service to our patients, we also aim to provide the greatest w Seeking a Sourcing Lead with a manufacturing background, preferably in beauty and fashion experience.
You will assist and work alongside the sourcing and operations team to source goods and manage the production process. Our Sales Associates are the core of our Sales Team.
1, Fashion jobs available in Orange County, CA on coolmfilb6.gq Apply to Retail Sales Associate, Stocker, Client Advisor and more! Browse Fashion Jobs available in Orange County. Our Fashion Jobs job listing pages are updated daily. The latest posting is from August 28, theCreativeloft is a site exclusively for creative jobseekers in the Fashion industry. 1, Fashion jobs available in Orange County, CA on coolmfilb6.gq Apply to Artist, Junior Account Executive, Entry Level Buyer and more!