Results for “sherman oaks”

This plan is utterly ridiculous. A waste of time. Good luck with getting those Sherman Oaks homeowners to bail. the proposal is beyond stupid.

Also, the presumption that gasoline will always be $2.00 is also absurd. When gas goes to 6 bucks and beyond – which it will – people will get out of their cars. Nobody needs to get from the Valley to DT going 150 miles per hour.
Build the damn subways, and light rail lines. Quit wasting time in fantasy land.

^^^This plan isnt that far fetched. With CA High Speed Rail already on the way since we voted it in and not to mention our pro rail presidency, the only thing new on this map is the 405 spur of the High Speed Rail line. Almost everything else on the map is already coming; abeit, not soon enough.

The thing about this proposal is it addresses those people with a more than 15 mile commute to & from work. Imagine the person who lives in the LBC and travels to westwood to work. Or the person who goes from woodland hills/ sherman oaks to century city. 405 high speed train + purple line to century city or westwood= A happy commuting suburbanite. There are plenty of these commuters who travel up and down the 405 everyday and demand a very high speed alternative to their cars…

As me and my friends say, if it aint faster than my car, why bother.

I see why they proposed an urban HSR line… they want to utilize the CAHSR segment from Union St to Anaheim for urban transit. I think that’s a noble goal but the practical reality of laying down HSR line in an urban area is near impossible. You basically have to tunnel underground. And if you are going to do that, you might as well go for a more conventional heavy rail subway line rather than a HSR line… HSR works best as inter-city service where the trains can run fast… very fast. How fast can the HSR train run between Anaheim and Irvine? Probably not any faster than a conventional subway or light rail.

The basic concept is pretty good, I would just make one change: replace the HSR with (cheaper) conventional rail. LA will need a "circle" line eventually (in 30 years?) when all the other rail lines are completed. I would start building the "circle" line between Sherman Oaks and Westwood, which is the missing link in the current existing rail plan; and extend it to LAX and Long Beach as a priority before the other loop. The eastern portion of the "circle line" will probably need to run on existing Union Pacific right of way… next to the CAHSR track from Union St to Norwalk to Anaheim. The northern (SFV) portion should be above ground too – probably using the Orange Line ROW.

To the point about the USPS, zip codes and the like….
I live 3 houses from the "border" on the Van Nuys side. Because Sherman Oaks and I share the 91411 zip code, I often receive mail that says I live in Sherman Oaks. It has never gotten bounced back because I am actually in Van Nuys.

Most of the self-employed people who reside in this "renegade" neighborhood looking to join Sherman Oaks, already use that town on their letterhead and business cards.

No, its at the beginning of the Oaks. Not really any freeway noise here. And way more than a block and half from Western. And no where near the 110!? Maybe your looking at a different house?

In Pasadena you are required to have approved building plans before a demo permit is issued; however, that doesn’t really help if the developer goes bankrupt during grading, or can no longer get construction loans (see: teardown of Pasadena Athletic Club that is now a huge empty lot at Fair Oaks & Walnut).

@guest (#93): I don’t know or follow Sherman Oaks market, but $250/sf $280/sf seems like a good price to pay for a house just about replacement cost. good luck!!! We’ll check back with you in… two years right? Thats your plan? two years it is.

It was just about replacement cost. Where do you think replacement cost is headed? I know too much forward looking speculation for you, but itâ€â"¢s not that difficult to see where falls in materials, land, and labor costs leads.

â€Å"â€â"¢buy and hold for the long term (i.e., you) is taking a major bath.â€â"¢
some up, some down, but the dividend checks keep on rolling in! What’s your point? I don’t plan on selling those stocks for years so price today doesn’t matter- that is the point!!”

Who says youâ€â"¢ll ever get your money back? In any case, you wouldnâ€â"¢t rethink this based on say 13 years of no or in effect negative returns? A sizable chunk of your retirement money is gone and never coming back. Enjoy.

â€Å"Tell us all oh Swami, what do you predict for the NEXT thirteen years? "gold and land" like some of the other posts going up today? Now I do agree that it is prudent (or at least conservative) to move away from equities and into fixed income as you get older. SOP really, but thats not the discussion here is it?”

No idea whatâ€â"¢ll I be in the next 13 years. For the foreseeable future I like cash, and I pick up small short positions on the suckerâ€â"¢s rallies. Weâ€â"¢re about due for one (bigger than todayâ€â"¢s or a continuation of it) soon, so Iâ€â"¢ll probably buy some more. This is the part you donâ€â"¢t seem to understand. Inflexible strategies, like the old maxims dumbass boomers have been fed are getting torn up. These maxims existed in a 30 year period of unprecedented stability, asset inflation, and financial speculation. Thatâ€â"¢s over now. Get used to the new reality.

â€Å"Now are there points on a timeline that you can look back and cherry pick when would have been the perfect time to buy/sell a house or a security? sure there is- you chose that strategy as your argument- but it sure is a lot harder to do in the here and the now.”

Itâ€â"¢s very hard with stocks. With real estate? Sure itâ€â"¢s hard to follow the normal ups and downs, but itâ€â"¢s not impossible to see that when home price to income ratios go from a historical average of about 3.5/4:1 to 10:1 that the market is badly overheated and due for a crash. Thatâ€â"¢s why there were a million bubble blogs, and a sizable minority of economists saying this would end badly. You apparently thought they were just speculative market timers, but they were also right.

"so have middle aged home owners, who invested the most and now have little to nothing to retire on" -- I see, and I suppose they are the ones who JUST bought first time, at the height of the bubble in 2006 and took out all those crazy loans right?"

No, theyâ€â"¢re just counting on their house to retire because thatâ€â"¢s all they have left after not saving and living beyond their means for years, a boomer tradition. And then thereâ€â"¢s the MEW. Either way if itâ€â"¢s some speculative yuppie or a broke boomer, I donâ€â"¢t really care. The point that recent house prices were obviously unsustainable remains.

"I’d rather not pointlessly fund their retirement" -- guess what Junior- you are getting stuck with the bill regardless of how you feel! two words: social security. Now get back to work!!!

There is a distinction between taxes I have to pay to live in this country and money I in no way have to donate to a particular seller out of the goodness of my heart. I assume you understand this distinction, but I could be wrong. I also understand, given the performance of the Starchy portfolio, youâ€â"¢re probably planning to retire on social security, but Iâ€â"¢m not, thanks.

#6, #8 – I too grew up in Westlake, which is actually divided into two different cities. The City of Westlake Village in L.A. County and "Westlake", which is officially part of the City of Thousand Oaks in Ventura County. Anyway, my mom now lives in the City of Westlake Village and I noticied when I last visited her that they are doing a bunch of work on Agoura Road plus there is a plan to widen a bridge over the freeway (I think it is Chesebro but I can’t quite remember the name of the street).

@guest (#93): I don’t know or follow Sherman Oaks market, but $250/sf $280/sf seems like a good price to pay for a house just about replacement cost. good luck!!! We’ll check back with you in… two years right? Thats your plan? two years it is.
It was just about replacement cost. Where do you think replacement cost is headed? I know too much forward looking speculation for you, but itâ€â"¢s not that difficult to see where falls in materials, land, and labor costs leads.
â€Å"â€â"¢buy and hold for the long term (i.e., you) is taking a major bath.â€â"¢
some up, some down, but the dividend checks keep on rolling in! What’s your point? I don’t plan on selling those stocks for years so price today doesn’t matter- that is the point!!”
Who says youâ€â"¢ll ever get your money back? In any case, you wouldnâ€â"¢t rethink this based on say 13 years of no or in effect negative returns? A sizable chunk of your retirement money is gone and never coming back. Enjoy.
â€Å"Tell us all oh Swami, what do you predict for the NEXT thirteen years? "gold and land" like some of the other posts going up today? Now I do agree that it is prudent (or at least conservative) to move away from equities and into fixed income as you get older. SOP really, but thats not the discussion here is it?”
No idea whatâ€â"¢ll I be in the next 13 years. For the foreseeable future I like cash, and I pick up small short positions on the suckerâ€â"¢s rallies. Weâ€â"¢re about due for one (bigger than todayâ€â"¢s) soon, so Iâ€â"¢ll probably buy some more. This is the part you donâ€â"¢t seem to understand. Inflexible strategies, like the old maxims dumbass boomers have been fed are getting torn up. These maxims existed in a 30 year period of unprecedented stability, asset inflation, and financial speculation. Thatâ€â"¢s over now. Get used to the new reality.
â€Å"Now are there points on a timeline that you can look back and cherry pick when would have been the perfect time to buy/sell a house or a security? sure there is- you chose that strategy as your argument- but it sure is a lot harder to do in the here and the now.”
Itâ€â"¢s very hard with stocks. With real estate? Sure itâ€â"¢s hard to follow the normal ups and downs, but itâ€â"¢s not impossible to see that when home price to income ratios go from a historical average of 4:1 to 10:1 that the market is badly overheated and due for a crash. Thatâ€â"¢s why there were a million bubble blogs, and a sizable minority of economists saying this would end badly. You apparently thought they were just speculative market timers, but they were also right.
"so have middle aged home owners, who invested the most and now have little to nothing to retire on" -- I see, and I suppose they are the ones who JUST bought first time, at the height of the bubble in 2006 and took out all those crazy loans right?
No, theyâ€â"¢re just counting on their house to retire because thatâ€â"¢s all they have left after not saving and living beyond their means for years, a boomer tradition. And then thereâ€â"¢s the MEW. Either way if itâ€â"¢s some speculative yuppie or a broke boomer, I donâ€â"¢t really care. The point that recent house prices were obviously unsustainable remains.
"I’d rather not pointlessly fund their retirement" -- guess what Junior- you are getting stuck with the bill regardless of how you feel! two words: social security. Now get back to work!!!
There is a distinction between taxes I have to pay to live in this country and money I in no way have to donate to a particular boomer as a get-out-of-jail free card for their failure to save for retirement. I assume you understand this distinction, but I could be wrong.
I also understand, given the performance of the Starchy portfolio, youâ€â"¢re probably planning to retire on social security, but Iâ€â"¢m not, thanks.

@guest (#93): I was with you for the first half of your post. Good for you- sounds like you realized you couldn’t afford to buy during the price run-up and sounds like you have a good idea of what you want and can afford. that puts you ahead of most people.

I don’t know or follow Sherman Oaks market, but $250/sf $280/sf seems like a good price to pay for a house just about replacement cost. good luck!!! We’ll check back with you in… two years right? Thats your plan? two years it is.

now for the bullshite:

"bought blue chips at depressed prices and invested for the long term, not market timing." yep. that would be me.

"I’m sure you’ll deny this, like you deny many other things you’ve said here"
you sir are a fucking liar. You love to say shite about me you can not prove, and blame it on the "archives". Here is an idea: bookmark the article and keep it forever. In the meantime shut your pie hole before you post shite about me.

"buy and hold for the long term (i.e., you) is taking a major bath."
some up, some down, but the dividend checks keep on rolling in! What’s your point? I don’t plan on selling those stocks for years so price today doesn’t matter- that is the point!!

"1996—2009 is long term…." dude, seriously. I still wear sport coats I had in 1996. 1996 was yesterday. When you are older you will understand the concept of "long term".

…. and t bills and cds have absolutely crushed equities over that time frame."
Naw, nothing wrong with your selective methodology, look BACKWARDS and pick out whatever you want to argue your case.

Tell us all oh Swami, what do you predict for the NEXT thirteen years? "gold and land" like some of the other posts going up today? Now I do agree that it is prudent (or at least conservative) to move away from equities and into fixed income as you get older. SOP really, but thats not the discussion here is it?

"As you say, people renting and investing in the stock market have lost their shirts."
No, what I HAVE said was people who HAD a 20% down payment for a house they liked, but decided to invest that chunk of cash (probably in the stock market), and continue to pay rent on a COMPARABLE HOUSE/PLACE, while they waited and hoped for a cheaper house price to buy in the future have not faired well with the stock market downturn, which I think proves my point.

REASON: their thinking was that they will take the money they "save" by renting (which I don’t understand because my mortgage is much less than what it would be to rent same) and regularly invest that ’savings" in the stock market, along with their 20% down payment cash they have sitting around and together that cash would increase enough to cover:
a) all the money they tossed away every month on rent. (3 years and counting?)
b) the tax deductions they could have taken
c) the cap gains taxes they have to pay when they liquidate securities to finally buy a house.
d) rent increases

I contend that it was, and is, still better to have had that money invested in your home while you ride the housing markets ups and downs.

Now are there points on a timeline that you can look back and cherry pick when would have been the perfect time to buy/sell a house or a security?

sure there is- you chose that strategy as your argument- but it sure is a lot harder to do in the here and the now.

"so have middle aged home owners, who invested the most and now have little to nothing to retire on" -- I see, and I suppose they are the ones who JUST bought first time, at the height of the bubble in 2006 and took out all those crazy loans right?

"I’d rather not pointlessly fund their retirement" -- guess what Junior- you are getting stuck with the bill regardless of how you feel! two words: social security. Now get back to work!!!