Despite The Big Price Drop, Making The Choice To Sell
A report from the Huffington Post. “Foreclosure starts have begun to edge up in some of the nation’s hottest housing markets. Nearly a quarter of the nation’s large metro areas saw upticks in foreclosure starts, the point when banks take the first step to foreclose on a delinquent home loan, in the third quarter of this year. That included a surprising number of some of the hottest inland housing markets, such as Denver, Austin, Dallas, Nashville and Columbus, Ohio. For some of the high-flying real estate markets in cities like Denver and Austin, the rare increases may be early warning signs of trouble to come if credit gets too loose, said Daren Blomquist, a vice president at ATTOM Data Solutions, which tracks foreclosure starts.”
“There’s a tendency for banks to lend too much when prices are rising and resale value is harder to predict, but ‘in a rising market, they’re going to be OK anyway,’ said James Gaines, chief economist at Texas A&M University’s Real Estate Center. The highest rates of foreclosure in Austin, Dallas, Denver, Nashville and Columbus are for mortgages that started in 2014, Blomquist said. That looser credit, meant to entice first-time buyers to the market, has added instability to the housing market because homeowners have less incentive to weather hard times and keep paying the mortgage, he said.”
“‘With lower down payments, the borrower has less skin in the game, and that’s just inherently more risky,’ he said. ‘It can take a few years for the chickens to come home to roost, and I think that’s what’s starting to happen.’”
From Kenneth Harney. “Here’s an important question for anyone hoping to buy a home next year but who isn’t quite confident about qualifying for a mortgage: Is it true that lenders have eased up on certain key requirements, making it simpler for first-time buyers and others who can’t pass all the strict tests to get approved? The good news answer is yes. A recent survey of banks and mortgage companies by giant investor Fannie Mae found that a record number of lenders report that they have relaxed at least some requirements for mortgage clients.”
“Debt-to-income changes top the list. Under previous rules, your total monthly debt load could not exceed 45 percent of your monthly household gross income. Under the new rules, your total monthly debt can now go to 50 percent. With Federal Housing Administration (FHA) loans, you can push it even higher — 55 percent or 56 percent — provided that other aspects of your application are strong.”
From Bizwest on Colorado. “If you’ve been tracking headlines on the business pages in recent months, perhaps you were caught off guard by the news that home prices declined in some Front Range communities. After all, isn’t the market still blazing hot? And haven’t Fort Collins and Greeley and Boulder and Denver been experiencing some of the fastest appreciating housing prices around the country?”
“The standard for a ‘balanced’ housing market is six months of inventory. Locally, the inventory for homes priced at $400,000 or less is at a fraction of that six-month standard. Fort Collins is at 1.89 months, Greeley at 2.47 months, and Loveland at 1.75 months. But if you look at homes priced at $700,000 or more, the inventory is ample — nine months in Fort Collins, 9.38 months in Greeley, and 6.97 months in Loveland.”
From ABC 30 in California. “For sale, signs are popping up in the Bay Area as many fire victims are forced to sell after the devastating fires in wine country earlier this year. There are empty lots where homes once stood across Santa Rosa. Officials with the North Bay Association of Realtors say they are going up for about 160,000 dollars instead of 500,000.”
“And despite the big price drop, many fire victims are making it the hard choice to sell what they once called home. Officials expect more people to put up their lots for sale but they say it is still too early to tell exactly how housing values will be impacted. But there is concern more victims will find themselves priced out.”
California is the most impoverished state in the country:
https://apnews.com/47662ad74baf4bb09f40619e4fd25a94/West-Coast-crisis-leads-to-rise-in-US-homeless-population
And Bel-Air is on fire and the 405 is closed.
“This sucker could go down” — George W. Bush
Beverly Hills
https://www.youtube.com/watch?v=HL_WvOly7mY
Help me out here. I thought that Southern California finally got enough rain the break the years-long drought. Is it really still dry enough to start all these fires? Or does the wind just dry everything out?
Last year’s rains created more fuel for the fires.
+1
Also, the drought killed a lot of trees that was even more fuel.
Earlier rains can make things worse, as vegetation grows, then dries out when the rain stops. And in SoCal its is not unusual to go months without rain, especially this time of year.
‘Or does the wind just dry everything out?’
Yep, the lakes may be full but the santa ana winds are wicked dry, humidity in single digits at times. 70 mph winds + low humidity = bad news.
The wind dries everything out this time of year. I’m surrounded by fires right now, happens almost every year.
“… happens almost every year.”
So let’s watch them as they rebuild, build even more houses in these fire areas.
Why should one allow experience to become a teacher?
I read that one of this year’s dried-out fire areas is the same place that had rain-soaked mudslides a couple years ago.
And people want to live in California, uh, why, again? Supposedly people like California for “the weather,” but the only weather I see drought, floods, and high winds.
And that’s in addition to the constant threat of The Big One. I don’t get it.
If you don’t like snow but also don’t like desert heat it’s hard to beat. And there’s almost no mosquitoes.
Oxide:
The weather in Southern California used to be awesome, but now it is too hot. I grew up there. We did not have an A/C in our house. We had one gas-flame wall heater. I don’t remember many fires back then either.
I remember lots of fires as a kid but I don’t remember lots of houses going up in flames.
So, why is that? What is different now as opposed to then?
The answer: Ignorant pukes did not build houses in these fire zones then because they - and the house buyers - had better sense.
But now? Bahahahahaha … if ya gotta ask …
I was in the western part of the L.A. metro area recently. I wouldn’t want to reside there, but I will admit that the climate and the geographic surroundings are very appealing. I asked a younger California relative what other states he would be willing to live in. His answer was “none of them.”
I asked a younger California relative what other states he would be willing to live in. His answer was “none of them.”
When we told our circle of friends that we were leaving, they were astonished. Back then everyone complained about the house prices. the traffic and the crime, but we were the first in our circle to leave. Of course now it’s all much worse.
Born and raised here in SoCal so I’ve been through these fires, floods, earthquakes and droughts.
EVERY year they say it’s a perfect condition for a bad fire season - whether it’s after a wet year or dry year. You just roll your eyes.
I think what happened this year is that we had a wet year, lots of vegetation growth and then we have had no rain this fall - so all that new vegetation became dried out and has more propensity to catch on fire.
“I thought that Southern California finally got enough rain the break the years-long drought.”
It’s looking bad at through at least December 15.
High-pressure ridge settles along West Coast: Is it ever going to rain again?
By Amy Graff, SFGATE Published 11:52 am, Monday, December 4, 2017
Like an invisible wall, a high-pressure ridge is stretching along the entire West Coast, from northern Washington to Southern California, blocking Pacific storms and keeping conditions dry.
Meteorologists, who can only predict weather with some accuracy about 10 to 14 days out, are forecasting the ridge will remain in place, likely preventing any rain until at least Dec. 15.
After that, they don’t know what will happen, but they’re watching the system closely as its trajectory plays into whether the Northwest, Northern California and Southern California see wet or dry winters.
“This sort of pattern is reminiscent of what we see during drought years,” says Daniel Swain, a climate scientist at UCLA. “If it really does just last two or three weeks, it’s not a big deal. The real question is wether it will continue to come back.”
Only time will tell whether the ridge persists and returns, but Swain says there’s some indication that this season could be marked by high-pressure systems on the West Coast based on the conditions in the tropical Pacific, including the presence of La Niña as well as other factors.
“We’ve know for a long time that cool water temperatures in the eastern tropical Pacific Ocean associated with La Niña can produce a ridge in the Gulf of Alaska, which often tilts the odds in favor of winter high pressure near California and drier than average conditions especially in Southern California,” Swain said. “But there’s new, emerging evidence that the tropical west Pacific is just as important — and that unusual warmth there can produce a rain-blocking high pressure pattern right over California.
“This year, we have both conditions in play: cool eastern and warm western tropical Pacific. That would suggest an increased likelihood of winter ridging this year, and an increased chance of drier than average conditions especially across the southern half of the state.”
…
Check this out, a dumb ranking of states prosperity:
https://www.msn.com/en-us/money/markets/the-most-and-least-fiscally-successful-states/ss-BBFZFxy
One of their metrics is tax collected per capita. The higher the better.
As it happens, I just took a bus shuttle from lax to Santa Barbara at 9 this morning. Some observations of this once proud state:
Lots of homeless, many are sons of obama, and it appears more than a few keep a suitcase and crash on the benches in the baggage areas in lax and leave at daybreak. I sat near a couple and had to mosey as they were getting feisty. Never heard a guy call a woman the n word before.
Took the 1 thru Malibu and cut over to the 101 by Pepperdine, where the wind was raging but no fires. About half an hour later I start to see burnt shrubs dot the hills, although interestingly lots of adjacent shrubs of a different type appear unscathed. We round a bend and it’s on! Flames in clumps all over, thick smoke made it tough to breathe, everyone on the bus taking pictures amazed.
Back to re, saw lots of new, no doubt pricey but to me dumpy places throughout marina del Rey, like this
http://www.liveatstella.com/residences/
Lots of high end motorcycle stores, poke bars, all sorts of stuff to extract as much money from the chumps as they get in touch with their inner hipster. Lots of empty businesses and offices, no doubt the rent is too damn high. And once we got to Malibu, the homeless were no where to be seen.
State is one big Potemkin village as flames dance closer. Poe would have loved this.
C’mon man, stay focused. Ditch the “Sons of Obama” and the (((Juice))) and press harder on the illegals. $1.5 trillion in 10 years would have this place looking like 1980 again.
I’m just reporting observations. Said many times before how illegals destroyed the state and are consuming the country, huge part of why I left this state. Old anecdote: I got a fking ticket for kayaking in a lagoon ( which is legal and others were doing the same and even two crazy guys on a raft made out of telephone polls) and I believe it was because I went towards a part I wasn’t supposed to, where a camp was set up by illegals. I was taking pictures of birds and the fish and game guy threatened to confiscate my kayak and demanded to know who I worked for. This was the lagoon by the racetrack in Del Mar for those interested. Corrupt through and through, letting illegals in but sweating citizens at bs “border” stops 100 miles inland. Prison planet deserves to burn
Life in Hell, SoCal version:
http://www.latimes.com/local/lanow/la-me-ln-fires-la-county-20171206-story.html
All this, plus astronomical home prices to boot…
‘Wine Country fires: In sad aftermath, for-sale signs go up on burned-out lots’
Nothing makes bay aryans sadder than lower shack prices. But I’m a bit confused. Shacks burn, less shacks, prices go boom, right? Uh, no. This “shortage-make-me-rich” thing holds less water every day.
Ben
Could you send your mailing address to my email.
Thanks
That left his wife to escape the fast-moving flames with their son [who has cerebral palsy], who weighs 250 pounds and cannot walk.
After her struggle to get him out and into a Honda Accord — instead of the family’s custom van, which was behind a garage door that wouldn’t open with the power out — both were hospitalized. She underwent emergency surgery for a perforated ulcer.
Two points FYI:
Why did this garage door not have manual override for just this situation? I’m surprised that nanny California doesn’t require this.
Did the wife know she had an ulcer? Ulcers are curable. If they are caused by bacteria they can be cured with antibiotics. If they are caused by NSAID painkillers, you just stop taking those painkillers.
Why did this garage door not have manual override for just this situation?
Every door I’ve ever seen has an emergency disconnect rope you can pull that then allows the door to be manually opened and closed. Maybe theirs was old and didn’t have that. But more likely is that she just didn’t know how to use it. I’m always surprised at how many people have never opened their garage door manually.
“Did the wife know she had an ulcer? Ulcers are curable. If they are caused by bacteria they can be cured with antibiotics. If they are caused by NSAID painkillers, you just stop taking those painkillers.”
Good to know. Thanks Dr. Donk.
“Did the wife know she had an ulcer? Ulcers are curable. If they are caused by bacteria they can be cured with antibiotics. If they are caused by NSAID painkillers, you just stop taking those painkillers.”
Lots of the patients I see with perforated ulcers have heavy smoking or alcohol use, or take meds with alcohol. Lots are on chronic pain meds and are overweight or obese. Pain meds slow down the gut motility.
A common adjuvant by our hospitalists for peptic ulcer patients (along with sulcrafate or any H2 antagonist or proton pump inhibitor) is lactobacillus, or yogurt. Last epidemiological study I read was that only 2-9% of US population get recommended fruits and vegetables servings (5 servings). 9 servings is optimal per day, and I think only 1% of population gets that. Don’t overlook good diet and high fiber for treating/preventing perforated ulcers. Walking helps too.
‘California’s economy, which has been generally going strong for years, is beginning to slow down — but predictably so — thanks to the combination of a strong labor market and tight housing market, according to a UCLA economic forecast released Wednesday.’
“The engine of growth driving a significant part of the U.S. recovery seems to have run out of its full head of steam,” Anderson Forecast Director Jerry Nickelsburg wrote in his report. “The business, scientific and technical services sector and the information sector — home for much of the tech boom — have ground to a growth halt in much of the state.”
When the cheerleaders get on the bus, the game is over.
Coming soon: California’s next fiscal crisis!
I have a friend who’s an esthetician. She does facials and massages and she said business has stopped for not only her but for everyone working in her spa. She said business was booming this time last year and her spa was non-stop busy. She works in a suburb of Los Angeles. (Not too far away from Kardashian country) Could this be a possible sign the service industry is slowing and the recession is here? Doesn’t this industry do well this time of year because the ladies want to get spruced up before the holidays?
The realtors are getting hungry too. I was called by 3 realtors in 1 week asking if I’m still interested in buying. One realtor said the market is definitely slowing, houses are sitting for 30 days and longer now and they are no longer getting multiple offers. I replied, “that was only at the low end anyway.” His response… was silence.
CA RE Bear
“Debt-to-income changes top the list. Under previous rules, your total monthly debt load could not exceed 45 percent of your monthly household gross income. Under the new rules, your total monthly debt can now go to 50 percent. With Federal Housing Administration (FHA) loans, you can push it even higher — 55 percent or 56 percent — provided that other aspects of your application are strong.”
_______________________________/
If more than half your monthly gross income goes to debt service, by definition that can’t possibly be a strong application. I don’t know how anyone carrying that kind of debt can afford to buy health insurance, raise a child, or eat.
If 50% of your gross is about what you take home in the first place…
There is no more profound poverty, economic, mental or moral, than to be into long term debt up to your eyeballs.
I wonder how many of these people contribute to a 401K or a Roth IRA. Probably none.
If 50% of your gross is about what you take home in the first place…
You’d have to be rather high income with no deductions to be in that boat (and live in a state with a high income tax).
‘Under the new rules, your total monthly debt can now go to 50 percent. With Federal Housing Administration (FHA) loans, you can push it even higher — 55 percent or 56 percent’
Anyone want to say a shortage of shacks is causing prices to go up?
“You’d have to be…”
Up here state income tax is around 6%. So maybe the average person brings home 65% of their gross if they aren’t doing health insurance and retirement plan. Go live 10% of your gross, and pay the job related expenses out of that as well.
“For some of the high-flying real estate markets in cities like Denver and Austin, the rare increases may be early warning signs of trouble to come if credit gets too loose, said Daren Blomquist, a vice president at ATTOM Data Solutions, which tracks foreclosure starts.”
“There’s a tendency for banks to lend too much when prices are rising…”
If it GETS too loose? I guess it’s a good thing prices haven’t risen yet in high-flying real estate markets.
The only things “high-flying” in Denver are the planes 25,000 feet above it flying to and from cities that don’t pay flyover wages for coastal real estate prices, LOLZ.
FWIW, my colleagues in Santa Clara think Denver house prices are cheap. Everywhere is over priced relative to wages.
There’s a reason why MT Pockets and MT Skulls are synonymous.
FWIW, more than of few of my Santa Clara colleagues have 7 figure balances in their 401Ks. They’re very smart and their pockets are not empty. Many are also very frugal, and drive sensible cars into the ground instead of running on the never ending luxury car lease treadmill.
DebtDonkeys
Littleton, CO Housing Prices Crater 16% YOY
https://www.movoto.com/littleton-co/market-trends/
“early warning signs of trouble to come if credit gets too loose…It can take a few years for the chickens to come home to roost, and I think that’s what’s starting to happen.”
Chickens coming home to roost is not an early warning sign. If means you’re fooked.
Big doings today, getting bigger by the minute. Geez.
FBI and DOJ really screwed the pooch.
In other news, jeff, looks like Greenwich isn’t doing so good. But the “lower end” still holding up. Did the family manse close yet?
Last month
Good on ya, cobber! Just in time.
Eagle Creek, OR Housing Prices Crater 7% YOY
https://www.movoto.com/eagle-creek-or/market-trends/
Franken’s support fades as female Democrats seek resignation
Andrew Taylor, Associated Press
Updated 1:34 pm, Wednesday, December 6, 2017
WASHINGTON (AP) — Sen. Al Franken’s support among his fellow Democrats appeared to collapse Wednesday as a group of female Democratic senators called upon him to resign amid sexual misconduct allegations. His office said he would make an announcement Thursday, but did not specify the subject.
Sens. Kirsten Gillibrand, D-N.Y., Patty Murray, D-Wash., and Claire McCaskill, D-Mo., were among the Democratic women calling for Franken to quit the Senate. Several Democratic men joined them, though Minority Leader Chuck Schumer, D-N.Y., did not immediately comment
clear to me that this has been a deeply harmful, persistent problem and a clear pattern over a long period of time. It’s time for him to step aside.”
Gillibrand said “it would be better for our country if he sent a clear message that any kind of mistreatment of women in our society isn’t acceptable by stepping aside to let someone else serve.”
Wow. Seems like there are two worlds in conflict here…the results-based world and the feelings-based world. And apparently the Ds are going to destroy themselves in the results-based world in order to have more comfort in the feelings-based world?
Results-based world and the feelings-based world.
I like the concepts. I make my money in the results-based world after sufficiently dumbed-down pukes make their dumb decisions in their feelings-based world’s.
Easy money.
world’s = worlds
Nah, Franken’s just a bump in the road to Donald.
Mr. President Trump is a superb statesman….. with a squad of sexy strumpets.
The cynical side of me makes me wonder if the same calls for Franken’s head would exist if Trump didn’t also have claims against him.
Once Franken is gone, you can expect many Democrats (claiming non-hypocritical moral high ground) to call for Trump’s resignation on the same basis.
That’s what I’m thinking too. The Democrats are setting this up as an excuse to call for Trump’s resignation.
It could be a Republican setup for the same purpose, for that matter, to deliver the party into the hands of St. Michael (Pence).
“Once Franken is gone, you can expect many Democrats (claiming non-hypocritical moral high ground) to call for Trump’s resignation on the same basis.”
I’ve been thinking that from Charlie Rose and Lauer through John Conyers and Franken.
Yes, but Rose and Lauer were economically driven…can you imagine any women wanting to watch the Today Show if they didn’t fire Lauer?
After Lauer and Rose, Pelosi’s initial reaction on Conyers was to protect him…and there were no initial calls for Franken’s head…even though he admitted the bad acts. They simply said they would go through the ethics investigation.
Somewhere in the past week people figured that the momentum was too great to keep Franken and Conyers without getting them all skewered in eyes of the public.
Once Franken is gone, you can expect many Democrats (claiming non-hypocritical moral high ground) to call for Trump’s resignation on the same basis.
Sure…but will they succeed? I don’t think so. Trump seems to have the Clintonian “make me leave” attitude well in place. I don’t expect the Ds to have any more luck getting rid of him than the Rs had in getting rid of Bill. No matter what comes out of the woodwork. Anything that would actually be enough I think would have already come out. A bunch of women who can prove he’s been a jerk all his life won’t be enough.
“A bunch of women who can prove he’s been a jerk all his life won’t be enough…”
It’s not like he’s Cosby. Everyone knew he was an unashamed womanizer right from the beginning.
A jerk is one thing. Now if Donald had actually drugged them then that would be another. But like he said, “when you’re a star…”. Cosby was a star too…not sure why he got lazy.
The difference is the allegations against Franken are true and the allegations against Trump are not true.
They can call for his resignation all they want. Trump will laugh at them.
It turns out that some manias have huge energy footprints!
I’m curious how many of you have ever paid for anything directly using Bitcoin, without first exchanging your cryptocurrency for dollars or other fiat currency?
Currency Manipulation
Bitcoin could cost us our clean-energy future
By Eric Holthaus on Dec 5, 2017
If you’re like me, you’ve probably been ignoring the bitcoin phenomenon for years — because it seemed too complex, far-fetched, or maybe even too libertarian. But if you have any interest in a future where the world moves beyond fossil fuels, you and I should both start paying attention now.
Last week, the value of a single bitcoin broke the $10,000 barrier for the first time. Over the weekend, the price nearly hit $12,000. At the beginning of this year, it was less than $1,000.
If you had bought $100 in bitcoin back in 2011, your investment would be worth nearly $4 million today. All over the internet there are stories of people who treated their friends to lunch a few years ago and, as a novelty, paid with bitcoin. Those same people are now realizing that if they’d just paid in cash and held onto their digital currency, they’d now have enough money to buy a house.
That sort of precipitous rise is stunning, of course, but bitcoin wasn’t intended to be an investment instrument. Its creators envisioned it as a replacement for money itself — a decentralized, secure, anonymous method for transferring value between people.
But what they might not have accounted for is how much of an energy suck the computer network behind bitcoin could one day become. Simply put, bitcoin is slowing the effort to achieve a rapid transition away from fossil fuels. What’s more, this is just the beginning. Given its rapidly growing climate footprint, bitcoin is a malignant development, and it’s getting worse.
Cryptocurrencies like bitcoin provide a unique service: Financial transactions that don’t require governments to issue currency or banks to process payments. Writing in the Atlantic, Derek Thompson calls bitcoin an “ingenious and potentially transformative technology” that the entire economy could be built on — the currency equivalent of the internet. Some are even speculating that bitcoin could someday make the U.S. dollar obsolete.
…
I considered buying bitcoin years ago, but could find no reliable way to do so. There was even a way of “mining” it, but I can’t remember what that was. In the end, I had no way of proving that what I owned was an actual bitcoin.
I wonder how many people have traded their bitcoins in for dollars or houses.
“In the end, I had no way of proving that what I owned was an actual bitcoin.”
Face it: We skeptics cannot compete with the true believers in grasping the wonders and incredible values of blockchain currencies.
I would really like to know if any bitcoin billionaires have traded the bitcoins in for actual money, or if they are hoping to one day use the bitcoins to purchase the same things that dollars could have otherwise bought.
Some are even speculating that bitcoin could someday make the U.S. dollar obsolete.
I hear the rattle of M16s being shouldered every time I read something like that.
Question: if I take $50,000 of “real” money, and buy Bitcoin with it, where does the “real” money go?
It goes to someone who has more sense than you do.
The author of that article can’t seem to distinguish between bitcoin mining and bitcoin transactions.
Bitcoin has become the poster child for bubble 2.0. It will be interesting to see how this ends.
Kensington, MD Housing Prices Crater 17% YOY On Skyrocketing Housing Inventory
https://www.movoto.com/kensington-md/market-trends/
Where’s Oxide?
Schillow has lowered prediction from + 2.1 to+ 1.9
n va
$16.85/sq foot…not bad!
13-Yr-Old Boy Builds Own Home For $1,500
The Youngest Homebuilder
Owning a home is easy once your mortgage or bank loan is approved. But building a home from scratch can be incredibly rewarding. It’s why so many people love taking on those do-it-yourself projects. Now some folks might choose to build a tool shed, while others will build a home from the ground up. Fortunately, the internet offers several how-to-videos to help us figure out how to take on such a challenge. In fact, it’s so easy that even a 13-year-old can do it.
…
$16.85/sq foot…not bad!
No pergraniteel I assume.
More a shed than a house as there’s no plumbing, just electrical. Regardless, not bad for a young kid.
In fact, it’s so easy that even a 13-year-old can do it.
While building that glorified shed isn’t rocket science, I doubt that today’s average 13 year could build it, simply because few know how to use tools.
“There are empty lots where homes once stood across Santa Rosa. Officials with the North Bay Association of Realtors say they are going up for about 160,000 dollars instead of 500,000.”
What does that mean? Are lots that would have sold for $500K now selling for $160K? Or is it that lots that used to have $500K homes on them are now selling for $160K, now that the home has burned down?
Those lots have a shortage of homes.
I don’t know but FakeNews ran a sad panda piece last night with a DebtDonkey/HousingHen couple who said “our entires lives and everything we have were wrapped up in that home”….. tears and all.
Lots of stupid people out there. Bet they won’t do that again. Dumbasses.
Realtors are liars.
The houses burned down, and the owners of the houses had the option of taking cash instead of rebuilding. They found out how much it costs to rebuild, and then compared that against the amount of cash they would get from the insurance company, and decided to take the cash. I doubt they are going to find themselves “priced out”. They will probably move somewhere cheaper and buy a house outright.
And perhaps avoid building in the path of a future California wildfire?
That’s how I interpreted it too.
What did they do? Get a price from a Realtor?
Is it normal for appraiser in southwest Florida to ask $1,000 to appraise a vacant 5-acre lot?
hmmmmmm……. Gotta love all that real estate crime.
The dirt is barely worth $1000.
I wont pay 100.
anyone want to buy some of my bitcoin?
I’ll give you a one dollar bill for 100 copper pennies, if that’s what you mean by “bit coin.”
How about 2-bit coins?
Doubloons (dollars). Pieces of eight. Two bits is a quarter of a dollar. Except, that was real. The 2-bitcoin you are just making up. You’ll be rich beyond imagination!
US Top 40 Singles for the Week Ending 6th December, 1969
TW LW TITLE –•– Artist (Label)-Weeks on Chart (Peak To Date)
1 5 NA NA HEY HEY KISS HIM GOODBYE –•– Steam (Fontana)-8 (1 week at #1) (1)
2 7 LEAVING ON A JET PLANE –•– Peter, Paul and Mary (Warner Brothers)-7 (2)
3 1 COME TOGETHER / SOMETHING –•– The Beatles (Apple)-8 (1)
4 4 TAKE A LETTER MARIA –•– R.B. Greaves (Atco)-8 (2)
5 9 DOWN ON THE CORNER / FORTUNATE SON –•– Creedence Clearwater Revival (Fantasy)-7 (5)
https://www.youtube.com/watch?v=oun4tT3XnP8
Denver doesn’t crack top 20 on U.S. list of ‘most hipster cities’
https://www.bizjournals.com/denver/news/2017/12/06/denver-doesnt-crack-top-20-on-u-s-list-of-most.html
Jobs! Jobs! Jobs!
https://www.bizjournals.com/denver/news/2017/12/06/another-jump-in-colorado-online-want-ads-here-are.html
Hipsters don’t want to work. They just look like they do, sometimes. In the coffeeshop in central Denver at 3pm with the laptop and all serious demeanor despite the lumberjack beard and work boots that have never touched dirt.
#SnowflakeCity
Hipsters don’t want to work.
Everybody wants to work when there’s real money and a real career path, see 1999. But in this economy you need skills and connections. An unemployable hipster is probably lacking at least one of those things.
people dont want to work when they cant get ahead on what they earn.
FWIW, downtown Denver is crawling with Brogrammers, complete with the beards, checkered shirts and suspenders.
This place is pathetic:
https://charleston.craigslist.org/apa/d/2-months-free-rent-at-newly/6413891673.html
These apartments were sketchy dumps that I’ve driven by often on my way to work, it was not unusual to see multiple police cars in the parking lot (and no, the cops didn’t live there).
They painted them grey, put up a trendy looking sign and called them “The Edge”. Now $1200 a month for 800 square feet. What a joke. It’s convenient to have your washer and dryer in the kitchen though.
‘1005 Buist Ave is a multi-family home in North Charleston, SC 29405. This 21,966 square foot multi-family home sits on a 3 acre lot. This property was built in 1974 and last sold for $1,937,500′
‘Dec 19, 2016 Sold 1,937,500′
https://www.redfin.com/SC/North-Charleston/1005-Buist-Ave-29405/home/108175852
It’s 32 units. That’s $460,000 a year in rents.
So that’s like $60k a unit, pre-renovation I presume. Seems like sort of a ripoff, but then I don’t own any bitcoin either so I’m probably not the best person to ask.
Oh, and by the looks of the shingles, it looks like they decided to roll the dice and do the roof later. Probably not in the budget after the bill for the sign came in.
Send a check
They painted them grey, put up a trendy looking sign and called them “The Edge”.
Hahah…as in “Living On…”?
It’s a weird area. There’s a revitalized “main street” just down the way that has some nice bars and restaurants. It had a nice vibe for a good number of years, it felt sort of, real, for lack of a better term, but recently I’ve seen a lot of new projects going on, big new apt complex called the Factory, and an Ale House under construction I just noticed today. Seems like it’s going from a slow sort of organic revitalization to a fast, corporate one.
There’s also industrial stuff right there too, a fuel depot, well used railroad tracks, old Navy buildings now used by the weapons station and paper mill further down Virginia that you don’t want to be down wind of.
Spruill Ave. is right there too. Not a road you want to break down on at night.
Sarasota, FL Housing Prices Crater 17% YOY On Record Low Housing Demand
https://www.movoto.com/sarasota-fl/market-trends/
Meryl Streep: Shut the F*ck Up
Paul Joseph Watson
Published on Dec 6, 2017
https://www.youtube.com/watch?v=JO88pWIkuuM