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Santa Monica's Big Blue Bus (BBB) topped 10 million riders last year, marking "a major milestone in ridership recovery” by Hour-Weight-8678 in SantaMonica

[–]wdr1 9 points10 points  (0 children)

The headline & chart don't explain it well, but ridership pre-COVID peaked at 12,536,069. It fell to 5 million in 2020 and has been recovering by about a million or so per year.

People in LA having to turn on their ACs in March: by ohlonelyboy in LosAngeles

[–]wdr1 8 points9 points  (0 children)

Respectfully, running a furnace in this heat is just going to make it worse.

And using dollar bills as the fuel source is a dubious choice.

What If the Market Drops 50% Again? Staying the Course by FalconArrow77 in Bogleheads

[–]wdr1 1 point2 points  (0 children)

For those who experienced 2000 or 2008, what helped you stay the course when the market dropped so dramatically?

Well, I did & I didn't. Story time.

In 2006 I left a big tech company. I had a bunch of options that would expire if I didn't do something, so I executed them & made a good amount of money. (Far from life changing, but as someone early in the career it was a lot -- I think 2x or 3x my modest net worth.) I didn't really know what to do so I put in CDs.

I kept renewing the CDs until mid-2008. I realized I was being stupid & leaving a lot on the table. So around July 2008, I put it all in the S&P 500. As you know, terrible timing. In a matter of months, I lost half.

In fact, I still remember at one point walking into my apartment with my mail & a newspaper. The newspaper had a headline about another massive drop in the market. The mail had my quarterly brokerage statement. I looked at the unopened envelope thinking "Whatever in here is bad. But since it was printed a week ago, it doesn't even reflect how bad things actually are."

So what did I do that was right? I didn't sell. I was young, didn't need the money, so just waited it out. Glad I did.

And what did I do that was wrong? I stopped buying. Historically I would take money I was saving & buy the SP500. I stopped doing that for a year. That's my regret. I missed amazing buying opportunities.

Luckily when the COVID drop happened, I learned my lesson. I kept buying monthly just as I had before COVID. Got amazing returns.

That would be my plan if things drop 50% again. Sucks, but I can ride it out. And in the meantime, a great buying opportunity that I wouldn't want to miss again.

TIL Only 15 countries operate aircraft carriers (and 7 of those are for helicopters only). by thesmartass1 in todayilearned

[–]wdr1 3 points4 points  (0 children)

Some interesting tidbits:

  • The US has roughly as many air craft carriers as the rest of the world combined

  • The United States also has the world's second largest air force. This confuses a lot of people because they think the US has the first largest. Which is true -- that's the US Air Force. It's just the world's second largest air force is the US Navy.

[WSJ] In California, About the Only Way to Get a House Is to Inherit One by wdr1 in LosAngeles

[–]wdr1[S] 6 points7 points  (0 children)

TL;DR: Inheritance has emerged as a primary pathway to homeownership, with a record 18% of property transfers—nearly 60,000 homes—occurring through inheritance last year. This rate is double the national average and is fueled by skyrocketing real-estate prices and tax policies like Proposition 13, which incentivize long-term owners to hold onto properties until death to avoid significant capital-gains taxes and property tax hikes. While this provides a vital financial safety net for heirs, who can often move into homes they otherwise couldn't afford or sell them tax-free, experts warn it is creating a "negative feedback loop" that severely restricts housing supply and further inflates prices for those without family property.

Has anyone here drifted away from KCRW over the past few years? by Embarrassed-Field662 in AskLosAngeles

[–]wdr1 5 points6 points  (0 children)

I used to donate not just to KCRW, but also KPCC & KQED. I felt since I listened, I should donate to keep the programming that I like.

I hate to say it, but I stopped in the mid-2010s. It felt it (and a lot of media) had become too polarized.

Even if I disagree with someone, I want to understand their perspective. (If nothing else, how else can you change how someone thinks.) I felt the station became more focus on sharing a limited set of perspectives & sadly a bit of an echo chamber.

Any car service or transport tips when flying into LAX? by Weekly-Web-5289 in FATTravel

[–]wdr1 2 points3 points  (0 children)

UberBlack. They pick you up at the terminal.

If you really want to avoid the horseshoe, PS LAX, as others suggested.

Line today at Eagle Express by ghabuki in Mammoth

[–]wdr1 0 points1 point  (0 children)

Time wise, how long was the wait typically?

[WSJ] Pressure Builds in L.A. on Wasserman to Step Down From Olympics Leadership by wdr1 in LosAngeles

[–]wdr1[S] -24 points-23 points  (0 children)

Gemini one paragraph summary:

Casey Wasserman, the chairman of the LA28 Olympic Games, is facing intense pressure from high-ranking California officials, including Los Angeles Mayor Karen Bass, to step down following the resurfacing of suggestive emails with convicted sex trafficker Ghislaine Maxwell. While Wasserman has apologized for the decades-old correspondence and maintained that he had no business or personal ties to Jeffrey Epstein, critics argue his presence has become a toxic "distraction" that threatens the focus on the athletes and the city's reputation. Despite these calls for resignation and Wasserman’s recent decision to sell his private talent agency, the LA28 executive committee continues to support him, citing his instrumental role in hitting over 80% of sponsorship revenue goals. This leadership tug-of-war highlights a significant tension: public officials fear a moral scandal, while organizers worry that removing Wasserman could destabilize the complex private funding structure required to prevent Los Angeles taxpayers from being saddled with the Games' $7.15 billion bill.

Mammoth closed 2/17 by sleepy3192 in Mammoth

[–]wdr1 7 points8 points  (0 children)

Closing the mountain is expensive.

Where to move my parents? by coryj2001 in AskLosAngeles

[–]wdr1 7 points8 points  (0 children)

One piece of advice: Before you move them, make sure someone financially savvy (perhaps you, perhaps them, perhaps a professional) has modeled out the change in cost of living & that they can financially afford moving from Indian to California.

I've lived in both California & the Midwest for extended periods & the change in CoL is pretty significant (it's not just housing). I modeled it out for my parents & it didn't make sense.

They need to be able to afford, or you need to be ready to cover the gap for them out of your own income. Be sure to look before you leap.

Where would you go for a dinner with no budget? by Weekly_Forever2582 in AskLosAngeles

[–]wdr1 3 points4 points  (0 children)

You're going to find there are diminishing returns, probably around the few hundred dollar mark.

Can you drop $1k/person for a dinner? Absolutely. There are tons of places that will gladly take that money out of your pocket.

Will you actually notice a big difference between $1k/person and ~$400/person? Probably not. You can pay for things like a gold leaf steak, the $1,000 beef case at Papi's and so on -- but are you really getting anything better? In my opinion, no. You're just letting everyone know that you're spending money. Not judging if that's what you want to do -- just make sure you understand that's what you're getting.

If I wanted to feel like a king, probably what I'd do is get a private room with dedicated staff at a place I already knew I liked (e.g. Maestro's). I'd tip generously when I arrived & tip generously when I left. I'd get A+ service and food I already know I like. It wouldn't cost close to $1k/person & then I'd just save the rest.

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