<p>DocT, I like the last sentence. I’m often use that when I argue with my husband. LOL!</p>
<p>:)</p>
<p>When I said NYC, I really meant Manhattan. I never mentioned Queens. I have never been to Queens, </p>
<p>We have foreign buyers in SF but not like Manhattan. </p>
<p>I think Marin County is better than both SF and Manhattan even though Marin County is slightly cheaper than SF and cheaper than Manhattan. Manhattan is an exciting but not very relaxing place. The weather is much better in Marin. Marin County is more boring but more relaxing and at my age, relaxing wins. 
The jobs arent here in Marin County. </p>
<p>Edit… You can buy places in Novato in Marin County for about $400 a sq ft.</p>
<p>My brother lives in East Richmond. Not a bad place. Richmond is not desirable. There are parts of Oakland that are ok and that are cheaper than SF. The Southeast bay is cheaper than SF. Nothing is really cheap around SF.</p>
<p><a href=“Trulia: Real Estate Listings, Homes For Sale, Housing Data”>Trulia: Real Estate Listings, Homes For Sale, Housing Data;
<p>Now doct, tell me about your area where you live.</p>
<p>
</p>
<p>Me too because SF is more comparable to Manhattan in terms of size and amenities.
I’ve been to Brooklyn only once to dine at Peter Luger’s and Queens because I’ve flown in and out of La Guardia.
The article DocT quoted only counted cities where millennials account for at least 24% of the population. I doubt Manhattan has 24% millennials population because it is so unaffordable.</p>
<p>I have 2 kids living in Manhattan and I own real estate in SF.</p>
<p>Doct, likes to argue. A year later he is arguing my position against me. This is ok because what I said is true. </p>
<p>“Me too because SF is more comparable to Manhattan in terms of size and amenities.” </p>
<p>:)</p>
<p>Cbreeze, it looks like renting is cheaper than buying in Manhattan. Is that what you see?</p>
<p><a href=“356 West 23rd Street #GA, NEW YORK, NY 10011 Property sold”>http://www.corcoran.com/nyc/Listings/Display/3369364</a></p>
<p>I like Chelsea. If I rented a place like the above to my son and a friend, the cash flow would be pretty negative. </p>
<p>SF isn’t really comparable in size to Manhattan. Manhattan is less than half the area and twice the population. In the link that I forwarded, NY county is Manhattan and the other parts of NYC such as Queens, Bronx etc are different counties or boroughs.</p>
<p>I live in southwestern CT about 75 miles from manhattan and 5 miles from Sandy Hook elementary school. It’s rural and affluent.</p>
<p>“Doct, likes to argue. A year later he is arguing my position against me. This is ok because what I said is true.”</p>
<p>I’m surprised that you haven’t figured out that many times I argue against myself. 
</p>
<p>:)…</p>
<p>I had no idea you live in a rural community. </p>
<p>Of course rural depends on where you live, rural for CT = 510 ppsm.</p>
<p>Looking up Marin County, it has 470 ppsm for a comparison</p>
<p>Ok…I wasn’t going to argue. ;)</p>
<p>I live in the developed part of Marin which isnt rural. I guess it is suburban. I can walk to Mt Tam though. I definitely dont live in a city. West Marin, which has a lot of land mass, is rural.</p>
<p>Edit…ok…Mt Tam may be a stretch. </p>
<p>This is closer. Just to be accurate. i have walked this loop many times lately.</p>
<p><a href=“http://www.bahiker.com/northbayhikes/kingmtn.html”>http://www.bahiker.com/northbayhikes/kingmtn.html</a></p>
<p>Wait SF includes Chinatown, does Manhattan includes Chinatown?</p>
<p>I dont know why not. I just walked through Chinatown in Manhattan on Friday.</p>
<p>It includes the chinatown that is in manhattan but there is a more authentic one in Queens.</p>
<p>Now I can start arguing against myself 
There are many Chinatowns in nyc. My wife once got lost after dropping my daughter off at Laguardia and ended up in one. Actually I haven’t seen any Chinatowns in the US that are like China.</p>
<p>I was in one Chinatown years ago, I think near Time Square but I didn’t think either place was a nice place. When I last visited Time Square, it has turned out much nicer than I remember. I haven’t been to Chinatown recently so that’s why I was wondering. Maybe it has gone through renovations just like Time Square.</p>
<p>Lol!</p>
<p><a href=“http://www.dividend.com/dividend-stocks/preferred-dividend-stocks.php”>http://www.dividend.com/dividend-stocks/preferred-dividend-stocks.php</a></p>
<p>I can argue with myself now. :)</p>
<p>There are quite a few high yielding preferred stocks. The problem is they have huge interest rate risk. </p>
<p>I might buy some. Not many.
My muni bonds are starting to get called away. Big bummer. I want that interest for income.Entities can now borrow at lower rates than they could several years ago so they call back the bonds and borrow at lower rates. This is a big problem with buying munis with callable features. Many munis have callable features. </p>
<p>The entity my wife works for says they want to refinance their bonds in 3 to 6 years. Darn it. We bought those bonds. 5.75 percent tax free. The rates would be closer to 4 percent now. (I dont say darn it in real life. )</p>
<p>Preferred dividends dont have the tax advantages of common stock dividends. (If I remember correctly).</p>
<p>Plus… Dividends can be suspended. Companies can get in trouble.</p>
<p>Still…</p>
<p>Hmmm… I have to explore this further. </p>
<p><a href=“http://smallbusiness.chron.com/taxation-convertible-preferred-dividends-19270.html”>http://smallbusiness.chron.com/taxation-convertible-preferred-dividends-19270.html</a></p>
<p>I have to learn more about this stuff - bonds, preferred stock etc. I also need to simplify my accounts as I have too many and it’s confusing. Besides this my wife doesn’t have a clue what I’m doing and the picture is of a potential disaster if something happens to me. My wife says she’d go to my cousin who has been in the brokerage business for 45 years but he isn’t doing too well. Sometimes when I look at my accounts, I’m not certain what I’m doing either and have to go back to my spreadsheets to figure out why I did what I did.</p>
<p>:)</p>
<p>Doct, I understand. You really should take care of this. Having said that, if my wife and I both died, taking care of our estate would be a total mess. </p>
<p>If you can make 10 percent a year in a slightly down market on a consistent basis, you may not need to know about bonds and preferreds. From what you wrote about your trades, your risk is the market crashes and markets dont crash that much. Otherwise, you arent risking much and your returns are good. </p>
<p>I have to be quite vigilant with what is going on. I had bought 10 spy 10/10 195.5 - 195 put spreads and sold 192.5 - 187 spreads. The 192.5 puts became a problem last week, so I rolled them out to 10/18 189 - 170 put spreads. On Friday there was a period when spy was above 189 and I was able to buy them back before spy went back down below 189. The 192.5 puts I sold for .38, bought them back for .65, sold the 189 for 1.01 and bought them back for .27. This gave me a slight profit on those plus the .5 from the 195.5 - 195 spread that I had sold from before.</p>
<p>This is clearly not something I can do when I’m in my 80’s.</p>