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inka mamas (Peruvian) opened up in Tustin a couple of months ago.

This place just opened up in Orange. I have not tried it yet but hoping to try it soon Check out Cali Dumpling https://yelp.to/Hwbo4DmBT3

This is a great differentiator from other agents. I can’t imagine any other agents even offer something like this??

All businesses price things based on their costs. If the costs go up the prices go up if they want to keep the same profitability. If they want to accept lower profitability then they won’t raise prices. Sometimes the market will force lower profitability on you because customers don’t see...

You may want to call this guy - his name is Wilfredo and his number is (714) 553-1841. He is a carpenter and has his own business. I used him back in April or so of 2020. I have not contacted him since then so not sure if that is still his number. We have a pretty massive island and there was...

I second hardwood flooring depot.

Newport seams to be the center of all of the activity. I may have to invest in earthquake insurance

Correct

curry pizza at the district is open now

I have always been a fan of not allocating corporate/centralized type costs for the reasons you mention. It’s a waste of time. The businesses receiving the allocations can’t control those costs and therefore don’t believe they should be allocated to them which I agree with. It is not clear to...

@iho - so you think the top is in or you thinking of moving somewhere? Sounds like your kids are college age so no more need for Irvine??

My biggest real estate regret is not buying in laguna altura in 2012. I think the approximately 2900 sq ft model was going for around $1.1M and thought is was really overpriced :-( Edit - I just checked on Redfin, I think this was the plan I’m referring too. Well ok my regret isn’t that bad. We...

Same here

Supplementing your kids income for them to max out 401k and Roth contributions is not illegal.

@liarloan - the money doesn’t need to come from the kids wages. It can come from parents, grandparents etc. the kid just needs to have earned income. From the fidelity link below: “Convincing a child to hand over his or her hard-earned cash to invest in a Roth IRA may be challenging but...

To many restrictions on the 529 to Roth conversion https://www.fidelity.com/learning-center/personal-finance/529-rollover-to-roth Ultimately the goal is to have the kids have 60k or so in a Roth by the time they are 18. If at 18 they have 60k in the Roth account and contribute 6k per year...

The nuance is whether the kid is earning income from a w2 job vs earning income from self employment (babysitting, dog walking, etc). For a kid with w2 income of less than $13,850 (for 2023) there is no need to file a tax return because they would no have a tax liability. The earnings record...

My plan is to have the kids max out the Roth IRA and 401ks as soon as they start working. I can always help supplement their income if needed to ensure they fund both as soon as they start working.

@momo - with the Roth IRA that $3M you calculated is completely tax free. I would start it at around 8 years old. Keep your excel file with a log of the work they have done and start funding it.

I’m curious what percentage of today’s buyers are move up buyers vs first time buyers. I don’t think there are large quantity of households that make $350k per year in OC. So it would seem that most buyers today would be people who bough a while ago and are using their equity to offset the...