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Case-Shiller Data Suggest Possible Housing Double-Dip
One question founder, if you agree that people will be selling to fund their retirements, then why would they even contemplate buying, even in this market?— March 29, 2011 6:05 p.m.
Case-Shiller Data Suggest Possible Housing Double-Dip
visduh, I agree with you that there are people who will "beat feet out of this state", but as Ca. goes is not necessarily how the country goes. I think most people would like to get out of the hustle and bustle and enjoy life at a more leisurely pace and to some that may mean moving away from Ca. We are retiring in 44 days, May 12 to be exact, and a more leisurely pace is exactly what we are looking forward to. I can think of probably close to 100 couples/individuals we know well who are in the "boomer" category. A handful of them have or are going to relocate, but their reasons are similar to what I said previously. One couple we know is moving to Palm Desert because they love to play golf. Another person moved to Sante Fe last fall. She's an artist and there is a pretty vibrant art scene there. We bought our home 30 yrs ago. It's been paid for for a very long time. We have no plans to sell and move because we started prepping for our retirement a long time ago. But more importantly, we love our home, we love our neighbors and our neighborhood and we love living in L.A. My point is that people do sell and move after they retire. It's been happening for generations. I just happen to disagree with Don B and waynebernard that the glut of this will be caused by boomers selling off their real estate because they need the funds for their retirement, which is what they seem to be saying.— March 29, 2011 6:03 p.m.
Case-Shiller Data Suggest Possible Housing Double-Dip
"You are already in San Diego so it doesn't make sense to you" Actually, I'm a lifelong Angelino, not counting time away at college, not that it matters. I agree about people wanting to move to warmer climes, or wanting to move closer to the kids, or as my parents did, move to a townhome because at their age they simply didn't want to deal with the physical effort needed to maintain a house and yard. But those are not circumstances necessitated by the need for capital to fund retirement, which is what waynebernard wrote. Not every boomer has a "high priced" home to sell off, which is the premise the article he references makes.— March 29, 2011 5:30 p.m.
City Advertising for Redistricting Support Services
Mr. Bauder, Do I sense a touch of sarcasm in your statement or possibly a slight case of tongue in cheek?— March 29, 2011 12:06 p.m.
Case-Shiller Data Suggest Possible Housing Double-Dip
waynebernard, I'm a boomer. My wife and I both turned 60 last fall, Why would I sell my home sometime in the next 15 yrs? I don't understand the logic behind your comment.— March 29, 2011 11:34 a.m.
Dad works in Hollywood – I was a Ninja Turtles baby
Actually Mindy, it's in Bel Air, not Beverly Hills.— March 29, 2011 11:18 a.m.
Are American Engineers in Short Supply?
So again I'll ask you the question. Why is it reprehensible for a company to relocate in an effort to avoid such a high corp tax rate? Wouldn't it make more sense to reduce the corp. tax rate, get rid of the loop holes that GE and other take advantage of and bring some of that money back onshore?— March 28, 2011 2:15 p.m.
Are American Engineers in Short Supply?
Let me add this. I just watched a report on CNBC that said according to someone named Howard Silverblatt at S&P, of the 461 S&P 500 companies that have reported so far, the effective tax rate for those companies in 2010 is 20%. I don't care to take the time to compare the 2 lists, but since the S&P500 is largest 500 American companies by market cap and the fortune 500 are the top 500 U.S. companies ranked by their gross revenue, I would imagine the list is pretty similar.— March 28, 2011 11:37 a.m.
Where's the farthest place you've traveled to?
I went to Zzyzx once.— March 28, 2011 11:15 a.m.
City Advertising for Redistricting Support Services
I don't read it that way, Don. Founder specifically referred to DeMaio's district being reconfigured to make it harder for him to be reelected, which to me refers to his council seat. Unless I'm having a brain fart, "reconfiguring" of a council distict doesn't seem to have any bearing at all on a Mayoral election. Founder, perhaps you would care to clarify for us???— March 28, 2011 9:32 a.m.