Tag: money

Photo by Joe WilcoxNov 9, 202511:54 am

Makeshift Food Bank

The longest government shutdown in U.S. history means millions of people are not receiving federal funds for basics—you know, things like food. People employed by Uncle Sam are either furloughed or working without pay (and delayed only, hopefully). Don’t get me going about families who count on SNAP benefits and won’t receive them for November.

To the Congress, I say this: Do your job! Pass a damn budget. Stop pissing away days whining over line items like expiring subsidies for the Affordable Care Act. Agree to punt! Fund the damn government for X number of days and fight among yourselves meantime about a final budget. Don’t punish people while you bicker like kids in the schoolyard or, worse, an angry soon-to-be-divorced couple gouging one another in spiteful rages over splitting assets (or assigning child custody).

Photo by Joe WilcoxOct 15, 202510:44 pm

Eighteen Years Ago Today…

On this date, in 2007, the Wilcox family arrived in San Diego. We had left the Washington, DC-metro area to be close to my aged father-in-law, who luckily found us an apartment one block from his place. Our presence meant that in January 2017 he could pass way at age 95 in his own bed, rather than in some sterile institution.

The city is hardly recognizable from the one we moved to. San Diego seemed sleepy, small town-like for the size. Communities were tight knit, even with the massive number of renters; congestion was a rare occurrence on the roadways; neighborhood streets were wide; housing architecture was surprisingly varied and charming; and homeowners kept attractive green spaces, among many other attractive attributes, with the three-summer season weather being among them.

Photo by Joe WilcoxSep 17, 20258:57 pm

You Can Say It’s Not Tariffs, But…

A few weeks ago, we restocked the bulk beef burger patties we typically buy from Costco Business Center. Near the end of August, the foodstuff was sold out (it never is), so I suspected that the warehouse store no longer carried the item. Today, the patties are back—and for shockingly higher sale price.

Backtracking, when we started buying the 10-pound burger pack during the last decade, Business Costco charged $29.99, which was a good deal compared to competing choices. Fat content was higher (78 percent lean), but savings mattered more to the Wilcoxes. During the SARS-CoV-2 (severe acute respiratory syndrome Coronavirus 2)/COVID-19 mandates era, price rose to $31.99 and then to $33.99. During 2025, the price continuously crept up—reaching $39.99 a few weeks ago. Currently: $49.99! Ten bucks more than in August!

Photo by Joe WilcoxSep 8, 202510:09 pm

The Rally at 1526 Meade Avenue

The city’s obsession with adding more housing shocks by the day. Cute, historic homes are leveled and replaced by multi-level residential buildings that are typically rentals (no condos for you, Bud) and explicitly turn out to be so-called micro-units (tiny space, big monthly payment). These new builds tower over single-family homes and/or two-story apartments/condos, dramatically obliterating local character and robbing existing homes of airflow and sunlight.

Justification: Housing shortage. That’s a lie. According to Zillow, there are currently 18,499 rentals available across San Diego County. For sale: 8,101 homes. That sure looks like plenty of inventory to me. According to Point2Homes, which business is helping people find places to rent, there are 6,142 “housing units” in my community of University Heights. Zillow says 279 of them are currently for rent; but not all list on the service, so the number should be higher.

Photo by Joe WilcoxMay 15, 20249:57 pm

Pay More For Less

Take a good, long look at the Featured Image. This apartment building epitomizes how dramatically have rentals risen in San Diego over scant number of years. Something seems wrong here—and I mean more broadly. This place merely reflects a trend in explosive increases that feels funny—fixed, unnatural—for a typically dynamic capitalist market.

I’ll illustrate. In June 2021, a 1,000-square-foot flat listed for $1,495 monthly and presumably rented, since the listing was removed eight days later. Available now for $2,325, in the same building: 530-sq-foot studio. Oh, and Zillow estimates that if the larger unit was marketed today, the landlord should charge $3,063.

Photo by Joe WilcoxJan 29, 202411:08 pm

Coin Collection

While waiting outside the Smart & Final for my wife, who was grocery shopping (bless her!), I hung out in the parking lot by the wall where, on the other side, homeless folk sometimes hang out. On the ledge, I came upon a small collection of coins.

My question: Did some good Samaritan leave loose change for the unhoused (hate that term) to find, or were the coins perhaps gathered and forgotten? Either, or neither, could be true.

Photo by Joe WilcoxJan 3, 20249:28 pm

Waiter @Work

I can’t recall the last time my wife and I ate out at a restaurant—or even fast food. Cost is one of the major reasons, and that is about to increase with the new $20/hour minimum wage that goes into effect (appropriately) on April Fools Day. Oh, you got to love California.

Some Pizza Hut franchises won’t wait for that momentous event; two of them are laying off more than 1,200 in-house delivery drivers. Ouch. Our family eats what it cooks, except for the occasional Pizza Hut pie—and always by take away.

Photo by Joe WilcoxOct 18, 202310:51 pm

The Most Unaffordable City

San Diego is too prestigious a place. In July 2023, rents exceeded San Francisco. Yikes! Last month, the median-selling price for residences (houses and more) topped $1 million. The city earns yet another distinction: U.S. News & World Report has crowned San Diego as “#1 in most expensive places to live”. Uh, yeah.

Los Angeles is second; broadly, California cities capture seven spots in the top ten. Oh joy. I marvel at how suddenly—catastrophically—was the transition from, quoting the motto, “America’s finest city” to America’s most unaffordable place to live. Four years ago, food, sundries, and housing cost so much less.

Photo by Joe WilcoxSep 16, 20239:17 pm

Six Dollar Gas Returns

Yikes! When I walked by my local Valero two days ago, price per gallon held steady at godawful $5.50—as when I filled up on Sept. 10, 2023. The Featured Image tells the story: 50-cent increase to, gasp, six bucks a gallon! This is typically a bargain station, too.

The photo comes from Samsung Galaxy S23 Ultra. Vitals: f/2.4, ISO 250, 1/30 sec, 70mm (film equivalent); 7:57 p.m. PDT.

Photo by Joe WilcoxJun 13, 20239:19 pm

Got Cash? Go Elsewhere!

Marking a trendy trend among the trendy artisan set, Communal Coffee in San Diego’s North Park neighborhood won’t accept your money for payment. Your credit or debit card is legal tender, even Apple Pay, but keep bills or coins in pocket, purse, or wallet.

The privilege of digital currency comes with a perk—and one some of you won’t want: The tip nag screen that appears during the purchase process. Oh, don’t feel guilt or pressure, with the glaring eyes of the barista bearing down on you with expectation of 20-percent or more gratuity to top off that swank latte with almond milk.

Photo by Joe WilcoxMar 19, 202310:43 pm

Do You Feel Rooked?

If not today, you may soon. The sudden shakeup toppling several banks was long foreshadowed. Classic run ruined Silicon Valley Bank less than two weeks ago. Dominos fell. First Republic required $30 billion bailout to avoid similar fate. Regulators took over Signature Bank, which was besieged by cryptocurrency losses. Over the weekend, 166-year-old Credit Suisse agreed to be acquired by UBS, in a $3.2 stock swap that is a mere pittance.

Long before the SARS-CoV-2 (severe acute respiratory syndrome Coronavirus 2)/COVID-19 pandemic, I told my wife that too many companies, banks among them, had assumed too much debt during the long period of low interest rates. Wall Street Journal story “First Republic, SVB, Credit Suisse Show How Higher Interest Rates Caught Up With Banks“, dateline today, affirms my hypothesis and gives analysis you want to give some attention.

Photo by Joe WilcoxSep 29, 20228:35 pm

Oh No, Not Again

A week ago, price at the pump was 90 cents less than it is today at my local filling stations. This evening, in North Park, I passed a Chevron sign for $6.60 per gallon, regular unleaded. Oh my, what’s going on with gas going up the cost ladder again?

In the Featured Image, captured using Leica Q2, the Arco across Texas Street (at El Cajon Blvd) seemingly offers a deal for 10 cents a gallon less. But hours later, the station had matched Mobile Mart.