| LAO 
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Registered Feb 19, 2009
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LAO's most recent comments:
- On 7 Mar 2012
in
Excellent graph showing SF Bay Area still in housing bubble,
LAO said:
bubblesitter says
BA is an exception - wait another 20 years,until the decimation of these high tech companies and no more lucrative companies replacing them. LOL.
You could also be dead in 20 years.. we will probably have a major world war before then that changes the way we all live...so who cares.
I'm checking out... gonna concentrate on living my life rather than constantly circling the dead carcass of the housing market on a daily basis... while trying to determine if the meat is spoiled enough to feast. - On 4 Mar 2012
in
Appraisal,
LAO said:
woppa says
Come to NYC and build me a brand new house for 60/sf. I will sign on the dotted line.
He is talking out his ass.... He would plop a mobile home down in the lot and call it a new build. - On 4 Mar 2012
in
Appraisal,
LAO said:
Realtors Are Liars says
LAO says
Realtors Are Liars says
How can this be when I can build it new for $60/sq with profit?
I can build you a house for $30 per square foot with profit.. but it will fall apart in 5 years... :)
Cheap is cheap...
You couldn't build a doghouse at any price if I gave you 6 months to do it.
The fact remains that we build every single day for $60/sq and make money doing it.
Realtors Are Liars.
Ok, i saw a vacant lot in my neighborhood for $140k... Its backed up against a hillside but its almost half an acre... 1/4 flat land.
Come build a house on it for $60 per sq ft... Forclosed shacks are still selling for $300k on smaller lots. You could make a killing buying this lot and building a 1700 sq ft $100k "hi quality" new build there. Probably could get $450k easy... Based on comps.. Put ur money where your mouth is!
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