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  1. momopi

    Need help

    For less than $1k you can rent a place for the weekend near the beach. Instead of being fixed to HB, take your family to different beaches cities during the Summer. Go explore California beach towns/cities like Oxnard, Santa Barbara, etc. Go see a Polo tournament in Carpinteria. Wine tasting...
  2. momopi

    Las Vegas landlord shocked by number of people desperate to rent his 160-square-foot unit for $950/month

    Due to housing shortage, many cities have relaxed building and parking requirements. In my area, I believe you're allowed to have a "tiny home" up to 400 sq ft, it's treated as a park model or RV. To go above that you'd need an ADU permit. If all you need is a small home office, it's possible...
  3. momopi

    Las Vegas landlord shocked by number of people desperate to rent his 160-square-foot unit for $950/month

    https://finance.yahoo.com/news/las-vegas-landlord-shocked-number-152500660.html "A landlord who listed a tiny home for rent in the Las Vegas Valley was shocked by the overwhelming response he received from renters desperate to find an affordable place to live. The anonymous Nevada man listed a...
  4. momopi

    Newer Irvine listings with crazy WTF asking prices from equity sellers

    /me waits patiently for knife catcher posts in x years.
  5. momopi

    Newer Irvine listings with crazy WTF asking prices from equity sellers

    It's easier to find single story homes w/yard in Turtle rock. While this might not be a concern today, in 30 years you might have mobility issues.
  6. momopi

    Newer Irvine listings with crazy WTF asking prices from equity sellers

    Redfin already pulled the photos, but you can still see them here: https://www.theagencyre.com/listing/10991594-6256-Sierra-Palos-Road-Irvine-CA-92603-US I believe this is Turtle Rock HOA... old school premium area.
  7. momopi

    Newer Irvine listings with crazy WTF asking prices from equity sellers

    Hypothetically, if I had sold my Irvine condo 20 years ago and put $200k profit into S&P 500 index fund, using 9.88% annual returns (dividends reinvested) it will yield $1.3 million which is much more than what the condo is worth today. But if the condo were to yield $1,000/month in positive...
  8. momopi

    Newer Irvine listings with crazy WTF asking prices from equity sellers

    SLO was always more of a college town experience for me, because I used to visit friends attending Cal Poly there and only hanged out with college kids. It's a nice place, but like many Central California locations, healthcare accessibility is an issue with long waits. If you lived in Santa...
  9. momopi

    California launching pilot program to charge drivers for miles driven

    https://www.autoblog.com/2024/05/26/california-launching-pilot-program-to-charge-drivers-for-miles-driven/ California is the nation's biggest EV market by a wide margin, and the relatively high percentage of battery-powered cars is digging a hole in the state's budget because it relies on...
  10. momopi

    Newer Irvine listings with crazy WTF asking prices from equity sellers

    Yes and no. The well-off may employ private nurses and contract concierge doctors for routine care, but still need to go to a hospital for major or specialist treatments. The issue with living in small towns like Cambria is that the local clinic might resemble a prefab building with limited...
  11. momopi

    Newer Irvine listings with crazy WTF asking prices from equity sellers

    If I were to promote Irvine homes to target demographic group, I’d target high net worth retiree’s. I’d go to Cambria, St Helena, Calistoga, etc. and say, hey guys, as you get older it’d be difficult dealing with driving far distance for medical care. Come to Irvine, we have many convenient...
  12. momopi

    ICE or EV?

    Hybrid cars have better gas mileage but is often offset by smaller gas tank. On the Toyota Camry, 16.8 ICE vs 13.2 hybrid gallon tank.
  13. momopi

    Newer Irvine listings with crazy WTF asking prices from equity sellers

    California has many smaller & charming towns like Cayucos, Atascadero, Camel, Cambria, St Helena, etc. It's a shame that so many people living in big cities never venture out to explore them. I've known people who live in Irvine and never visited Laguna Beach (!). However, access to...
  14. momopi

    ICE or EV?

    I have a feeling that we're going to get very long range hybrids this decade. https://finance.yahoo.com/news/byd-hybrid-drive-non-stop-025426683.html
  15. momopi

    Newer Irvine listings with crazy WTF asking prices from equity sellers

    As far as I know there is no 99 year lease or 99 year loan program. In Mexico residential land lease is 10 years and fideicomisos (Trusts) are 50 years, both are renewable subject to government policy.
  16. momopi

    Burger Thread

    $20 for cheeseburger with shoestring fries on the side. Decent burger. But they tried to upsell me with $40 lunch special. >_> Was there for lunch yesterday and the place was pretty empty.
  17. momopi

    Brand New Detached home under $900,000.

    “Minutes to Orange County”??
  18. momopi

    Stock picks

    ^^^ this is actually a very good price. You pay just $10/month each for the portfolio model that you use, and still track models that you’re interested in via sandbox. Currently eyeing “fidelity simple sectors”.
  19. momopi

    Custodian Roth IRA account for kids

    I think for 529 to Roth IRA rollover, we are looking at 40-45 year horizon for the IRA account. $35,000 invested in S&P 500 index with 10% annual returns for 45 years will yield $2,551,167 I spoke with my cousin about setting up custodian Roth IRA, he says they won’t bother and will just...
  20. momopi

    New communities in Portola Springs

    That much will buy you a lake front house in MV on bigger lot.
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