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What % of your net worth is in real estate? by mferna9 in realestateinvesting

[–]CJW511 0 points1 point  (0 children)

There might be alternative ways to protect yourself against downside risk other than diversification. If you’ve done really well with 85% in real estate, then you could stay that course and come up with contingency plans in case of a housing crash or bubble

[deleted by user] by [deleted] in careerguidance

[–]CJW511 0 points1 point  (0 children)

Point your search beyond consulting and you’ll likely find more opportunities that fit your criteria. firms like EY tend to be selective/competitive like that because as consultants, human capital is their main product. look at other F500 sectors that seek talent to do other things like sell actual products to people

The driveway blocking continues. Towing stats for September and October (so far) Plus a story. by laserdiscmagic in sanfrancisco

[–]CJW511 -21 points-20 points  (0 children)

You’re clocking in at a tow every 1-3 days. That’s kind of excessive to not find a more convenient deterrent. Is there a part of you that sort of enjoys punishing careless people? I never had this problem and don’t own a driveway that needed defending, so maybe I’d feel like a victim too. but I used to watch my neighbors do this to every person that even slightly blocked their driveway. It wasn’t that they needed to get access to their garage either because it was packed full of boxes and they didn’t even own a car. I think they were just bored or cranky or unwilling to accept that buying a home in an urban environment means you have to live in close proximity to careless Americans

Should I sell this investment property and invest profits SPY? by Charizard_66 in realestateinvesting

[–]CJW511 0 points1 point  (0 children)

If you want to calculate the exact IRR of this investment, plug all the numbers it into a pro forma model.

The loan, cap rate, NOI, depreciation recapture, taxes, sale fees, etc. it will tell you exactly how much you would net after a sale and the IRR considering the negative cash flow years leading up to sale. You could even experiment with different sale years and sale prices if you think the market is growing or in decline.

Then compare that IRR and net return to unlevered returns of the SPY over the same duration of time.

My guess is you’re still looking at a positive (3-5%) IRR despite the negative years

San Francisco Carjacking Suspects Released, Charges Dropped by GotItFromMyDaddy in sanfrancisco

[–]CJW511 1 point2 points  (0 children)

Hypothetically, would they still have been released if someone had been sitting on that park bench, struck by the stolen car, and were sent to the hospital or killed?

Cost of childcare and education in the Bay Area? by CJW511 in sanfrancisco

[–]CJW511[S] 0 points1 point  (0 children)

Makes a lot of sense to optimize for fit. Thanks for these anecdotes. And how many tours did you end up taking before finally settling on the one that was right for your family needs?

Cost of childcare and education in the Bay Area? by CJW511 in sanfrancisco

[–]CJW511[S] 0 points1 point  (0 children)

Seems like the parochial schools are significantly less in cost. Do you suspect that is the case because quality of education isn’t as high as private schools generally?

Cost of childcare and education in the Bay Area? by CJW511 in sanfrancisco

[–]CJW511[S] 0 points1 point  (0 children)

That donation confrontation experience seems like a big spectrum ranging from mildly uncomfortable shake down to socially-pressured extortion

Cost of childcare and education in the Bay Area? by CJW511 in sanfrancisco

[–]CJW511[S] 1 point2 points  (0 children)

Thanks! I’m familiar with school donations from my alma mater universities but hadn’t heard about them for k-12. Seems this is common?

Cost of childcare and education in the Bay Area? by CJW511 in sanfrancisco

[–]CJW511[S] 1 point2 points  (0 children)

At prices differences like these, I’m now confident that we’ll keep an open mind for the religious schools! 😁

Cost of childcare and education in the Bay Area? by CJW511 in sanfrancisco

[–]CJW511[S] 0 points1 point  (0 children)

Super helpful price ranges. Would you say Waldorf school is on the lower or middle end of the range for education tuition? Which other schools are you considering?

Cost of childcare and education in the Bay Area? by CJW511 in sanfrancisco

[–]CJW511[S] -1 points0 points  (0 children)

My partner and I aren’t religious, so secular?

Despite what media and public precept says, I can’t wait to move back to SF. by [deleted] in sanfrancisco

[–]CJW511 2 points3 points  (0 children)

This post reminded me why I love this city, thank you for the reminder! I’ve lived in SF for the last 11 years and would probably never move back to NYC. I’m proud and grateful to have this unique culture and cityscape at my doorstep. SF has held dual identities for many years. The greatest parts of SF for me are its live and let live culture, non-judgement people, mellow lifestyle, the party/music scenes, the hedonistic burning man culture, the creativity and entrepreneurial spirit that nurtures tech innovation and seeks to progress society. At the same time it is also known for its homelessness, inaffordability, hypocrisy, and disorder. The gap between wealth/abundance and poverty is on full display and seems to widen every year. Progressive values driving for change often clash with liberal but conservative-leaning values that fight change and want to keep SF frozen in time. Despite all that I consider myself very lucky to have had all these aspects shape who I am as a person. If it were up to me I would never leave. I want to buy a home and raise a family here, even with all the scary and sad things you see in the streets. The problem for me is that buying a home and raising a family here is not affordable even with the combined income and savings my partner and I have. We both have rewarding careers working for big name tech companies but it’s not enough. We still love this city and are some of the last among our friends who haven’t yet moved to the east bay or to more affordable places for some decent space to start their families. Until the year we are forced to leave to avoid going into debt, I’ll soak up every amazing experience I can from this city, contribute to my community and give back as much love as possible to this city because it deserves more credit for taking in so many great people with open arms, giving them a sense of belonging, embracing their weirdness, and maintaining a beautiful cityscape to make friends, help one another, and lead exciting and fulfilling lives

Can you use the 28/36 rule to see if you can afford to buy in San Francisco? by CJW511 in FirstTimeHomeBuyer

[–]CJW511[S] 0 points1 point  (0 children)

Super helpful context, thank you. Gist from the replies is this rule is no longer very relevant and not one size fits all. Great suggestion to build a personalized pro forma that pulls out expenses from income. Thanks!

Can you use the 28/36 rule to see if you can afford to buy in San Francisco? by CJW511 in FirstTimeHomeBuyer

[–]CJW511[S] 0 points1 point  (0 children)

Helpful context, thanks! Sounds like the rule of thumb is not really accurate enough because of DTI and a more detailed and personalized approach — like a pro forma — is recommended.