|
|
10-11-2007, 07:08 AM
|
#61
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
|
Sauna - in SW Washington growing up - you were 'rich' when you had a detached building/sauna out back. Back in the house - indoor plumbing was ok but it was 'the fanciness of the sauna' that kept up with the Jone's - er maybe the Jarvinen's?
heh heh heh heh heh heh heh heh heh heh
Yikes! - I have an empty concrete pad(former tool shed) out back near the power pole. Hmmmm?
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
10-11-2007, 07:38 AM
|
#62
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
|
Quote:
Originally Posted by unclemick
Sauna - in SW Washington growing up - you were 'rich' when you had a detached building/sauna out back. Back in the house - indoor plumbing was ok but it was 'the fanciness of the sauna' that kept up with the Jone's - er maybe the Jarvinen's?
heh heh heh heh heh heh heh heh heh heh
Yikes! - I have an empty concrete pad(former tool shed) out back near the power pole. Hmmmm?
|
Just don't scare the neighbors. Might want to build a shack over the hot tub...
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
|
|
|
10-11-2007, 07:55 AM
|
#63
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
|
Quote:
Originally Posted by brewer12345
Just don't scare the neighbors. Might want to build a shack over the hot tub...
|
Hot tub is the new new thing - my youngest nephew actually got the Navy to move the dang thing from Whidbey to Pensacola last rotation - along with other stuff. They have to wear swimsuits till they enclose the patio.
heh heh heh - all electric, tonneau cover, rugged unit - progress! Now that's agile and mobile!
|
|
|
10-11-2007, 12:05 PM
|
#64
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
|
Quote:
Originally Posted by unclemick
Now that's agile and mobile!
|
True enough. But how to stay hostile while sitting with a naked woman in a hot-tub?
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
|
|
|
10-11-2007, 12:55 PM
|
#65
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,856
|
Quote:
Originally Posted by unclemick
They have to wear swimsuits till they enclose the patio.
|
Quote:
Originally Posted by haha
But how to stay hostile while sitting with a naked woman in a hot-tub?
|
And who's gonna complain?
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
|
|
|
10-11-2007, 01:34 PM
|
#66
|
Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
|
Quote:
Originally Posted by kcowan
Our ideal home size is 1600sq.ft all on one level with a "great" room that has an open kitchen, dining area, and entertainment center, including Internet access...
|
Cooking fumes (greasy vaporous cloud) will coat everything in great room
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
|
|
|
Location, location, location
11-20-2007, 10:16 AM
|
#67
|
gone traveling
Join Date: May 2006
Posts: 1,036
|
Location, location, location
Quote:
Originally Posted by brewer12345
I think RE has a long way to go (down).
|
Honolulu had the highest rate of home price appreciation in the nation over the past year, according to new data.
Home prices rose 14.79 percent in the Honolulu market, according to the September 2007 LoanPerformance Home Price Index released Monday by First American LoanPerformance.
San Francisco is still up YOY prices and even Vegas (established NBHD,1994) is holding value.
Seems all the doom and gloom is in new construction and poor areas where people were sold financing not houses. Anybody know anyone in actual foreclosure?
|
|
|
11-20-2007, 02:42 PM
|
#68
|
Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 2,594
|
Quote:
Anybody know anyone in actual foreclosure?
|
Yeah, my buyer (2005 sale) lost a duplex 4 doors up the street. Pump and run. Watched it sell at auction (with 150 other homes in the Boston area) for 130k. She owed nearly twice that. Sad thing is even at 130k the new owners are assuming a NEGATIVE cash flow. The place only has 2 bed rooms per unit. $700/month is the ceiling (assuming it's deleaded and is in decent shape).
The 40-50% declines are well documented here (watched 150 of them). Good news is the next auction is in March. Better deals are coming.
Here's the link to the thread describing the auction I attended:
http://www.early-retirement.org/foru...ese-30813.html
__________________
FIRE'd since 2005
|
|
|
11-20-2007, 02:58 PM
|
#69
|
Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 2,068
|
I have a friend that bought a new house a year ago. They sold their house, closed on the new one, moved in, and the buyer of their old house couldn't close.
They had 2 other buyers since then. Both deals fell through do to financing.
They are now in forclosure on the old house and in serious straights after trying to pay off both mortgages for the better part of a year.
Yes the housing crisis is real. No it doesn't affect everyone, but it is effecting enough to cause a crisis.
__________________
"We do not inherit the earth from our ancestors, we borrow it from our children.
(Ancient Indian Proverb)"
|
|
|
11-20-2007, 04:00 PM
|
#70
|
gone traveling
Join Date: May 2006
Posts: 1,036
|
Quote:
Originally Posted by tryan
The 40-50% declines are well documented here (watched 150 of them). Good news is the next auction is in March. Better deals are coming.
|
I so don't understand this! 2003 to 2005 values double. 2005 to 2007 values plummet 50% to 2003 prices. Now you think 2003 prices are a deal? Isn't this how they're selling us $3.00 a gal. gas and make us think we're getting a deal? Sorry I ain't smart enough to buy low sell high in your markets. Prudent people stick to the same old, same old 9-11% annual compounded appreciation markets without all the drama. Wouldn't you have been better buying the 2003 price in 2003 when financing was more favorable? Better yet, just rent!
Tryan, I think you need to get out here to Cali for a cash flow intervention!
Don't they tax you yearly on that stuff? Give me that tax free $500,000 capital gains. Such a deal they had to legislate limitations of how often you could do it. Oh, eventually develop a taste for tofu.
|
|
|
11-20-2007, 04:20 PM
|
#71
|
Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 1,703
|
This is like watching an old rerun of RetirementTrek.
honobob: To the moon, Tryan!
tryan: Captain, she's not cash-flowing anymore. We'll need negative amortization!
honobob: Hmm, I know -- we'll make it there on pure momentum. Wheeee!
tryan: Captain, we've run out of momentum. She's going down.
honobob: Down, shmown. My rear-view mirror tells me we're on a 9-11% course!
To be continued.....
__________________
Emancipated from wage-slavery since 2002
|
|
|
11-20-2007, 04:29 PM
|
#72
|
gone traveling
Join Date: May 2006
Posts: 1,036
|
Quote:
Originally Posted by twaddle
This is like watching an old rerun of RetirementTrek.
To be continued.....
|
But first an all NEW episode, "The Trouble with Twaddles!"
Same Batty station, same Batty time!!!!!!!!!
|
|
|
11-20-2007, 04:50 PM
|
#73
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
|
Lets see. My buyer from 3 years ago @240k is in foreclosure. The bank will be lucky to get 150k for it.
ASP's in my old neighborhood have gone from 175 in 2002 to 250 in 2003 to 380 in 2005 to 250 in 2007.
ASP's in my new neighborhood went from 225 in 2002 to 275 in 2003 to 650 in 2005 to 480 in 2007.
My mailbox is full of automated emails from my agent with price reductions running from the 30-50k range for 300-400k homes to 300-500k on homes between 1-2M.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
|
|
|
11-20-2007, 05:05 PM
|
#74
|
Moderator Emeritus
Join Date: Feb 2005
Location: San Diego
Posts: 5,267
|
You couldn't buy a home for under 500k in my 'hood at the peak, the latest Real Estate throw away on my front porch had two homes listed for under 400k for the first time.
But hey, it's just a dumpy neighborhood with houses as old as ten years in a crappy town called San Diego a whopping 10 miles from the beach, who would be stupid enough to invest there?
|
|
|
11-20-2007, 05:13 PM
|
#75
|
Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 1,703
|
Everything has its price. I love google, but there's just no way I'm "investing" in them while they have a $200 billion market cap and a P/E of 50.
So, how much would a $500K place rent for in SD? I'm guessing maybe $2000/mo. That's a 5% yield for a lot of work and carrying costs, don't you think?
__________________
Emancipated from wage-slavery since 2002
|
|
|
11-20-2007, 05:21 PM
|
#76
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
|
Quote:
This is like watching an old rerun of RetirementTrek.
|
Quote:
honobob: To the moon, Tryan!
tryan: Captain, she's not cash-flowing anymore. We'll need negative amortization!
honobob: Hmm, I know -- we'll make it there on pure momentum. Wheeee!
tryan: Captain, we've run out of momentum. She's going down.
honobob: Down, shmown. My rear-view mirror tells me we're on a 9-11% course!
To be continued.....
But first an all NEW episode, "The Trouble with Twaddles!"
Same Batty station, same Batty time!!!!!!!!!
|
What a great day! Nice walk on a sunny fall day, a glass of Cabernet, and some good old-time Dory board sarcasm to ease me into my evenings activities.
Nice work, boys!
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
|
|
|
11-20-2007, 05:24 PM
|
#77
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,856
|
I'm sure that eager customers are fighting their way through the local traffic (and the firebreaks) now!
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
|
|
|
11-20-2007, 05:26 PM
|
#78
|
Thinks s/he gets paid by the post
Join Date: Feb 2004
Posts: 2,670
|
Now the question is...
Will the town assessor be just as eager to bring down the assessment value of homes as quickly as they brought them up? I know that the rate per 000 will be adjusted as well, but since a $500K home may only be worth $300, this may help bring sellers back to reality.
__________________
No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
|
|
|
11-20-2007, 05:29 PM
|
#79
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
|
We get prop13 here so no assessments upwards unless you sell, but the point is interesting.
While its never been plausible for me to find out about it and use it, I think there is a facility for reassessing ones taxes lower if values do drop. If we have a horrid year next year and it doesnt level out, I might get a chance to try that out.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
|
|
|
11-20-2007, 05:59 PM
|
#80
|
Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 2,594
|
Quote:
This is like watching an old rerun of RetirementTrek.
honobob: To the moon, Tryan!
tryan: Captain, she's not cash-flowing anymore. We'll need negative amortization!
honobob: Hmm, I know -- we'll make it there on pure momentum. Wheeee!
tryan: Captain, we've run out of momentum. She's going down.
honobob: Down, shmown. My rear-view mirror tells me we're on a 9-11% course!
To be continued.....
|
LOL ... call it "Back to the Future". 2003 prices today is about right (maybe 2002). Best I can see, without alot of wage inflation ... we're heading back to 2000-2001 prices.
__________________
FIRE'd since 2005
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|