patrick.net

Oh, if you get financing according to bigsby subtract 2000 from net income for 30 years and you profit between 1500 and 2500. Properties found at tht price ten years old or newer will go up in value.

APOCALYPSEFUCK is Tony Manero says

House is, of course, a million+ stucco box and he's combating fucking rats for the honor of paying the taxes and note on it.
The place is, every time I've visited, spotless except for books and music that piles up. Kitchen gleams. Still, he faced hoards of rats.

Sounds like an opportunity for target practice!

If they are really that ugly, post pics.

Don't need to. Take a walk outside. Old houses are extremely difficult to maintain. Yes they will take an earthquake better, but that's the downside because rebuilding them would make them more livable.

FWIW, I think the owner is wishing a bit high on the rent. $2600-2700 seems much more likely based on rents I've seen in the area, which makes it a fairly clear rent IMO.

I agree Zesta that its fairly close at the moment. The time factor is a major one. Unfortunately I believe that most people currently purchasing a home in LA County are doing so in believe that homes will rise in price sooner rather than later.

APOCALYPSEFUCK is Tony Manero says

Get this. I know one guy who lives in Menlo and last year he spent a big chunk of his evenings after work laying down and picking up rat traps.

House is, of course, a million+ stucco box and he's combating fucking rats for the honor of paying the taxes and note on it.

I have an easy, cost effective solution for the rat problem:

This one even looks like one of my cats:

zzyzzx says

If they are really that ugly, post pics.

Remember those "We Buy Ugly Houses" ads?

Yes. To appeal to the masses.

KILLERJANE says

So now you put yourself in your own little old decaying 1200 square foot jail.

THIS. Buy it and the trap is set cuz there are absolutely no move up opportunities right now. If you need to buy make sure you run the math and see if makes sense to to live there for like 15-20 years. Seriously.

wthrfrk80 says

Sounds like an opportunity for target practice!

LOL! I can't even imagine the uproar that would occur if someone discharged any sort of firearm in Menlo Park! And to shoot "poor innocent creatures" none the less! I bet that those rats are on some peninsula concerned citizens group's "endangered & special" list.

Hell, good luck firing a BB gun in that area! An adult would go to jail, and a kid would end up in 5 years of "therapy" to figure out why he wanted to shoot things.

bmwman91 says

I bet that those rats are on some peninsula concerned citizens group's "endangered & special" list.
Hell, good luck firing a BB gun in that area! An adult would go to jail, and a kid would end up in 5 years of "therapy" to figure out why he wanted to shoot things.

Yes that sounds like the Bay Area, lol.

wthrfrk80 says

Yes that sounds like the Bay Area, lol.

And that kid probably could use the therapy. Twisted little fuck.

True. I was looking for a house in Fremont CA. Most I found were Old, dated, some of them in bad condition, OVERPRICED junk!
I chose to buy a brand new house in Gilroy. Much larger and much cheaper.

CL says

RentingForHalfTheCost says

Thanks for laugh. Hahahahahahaha The only appreciation ahead is to just appreciate life and forget about your house as a wealth machine. The smart money already left.

But, here's my angle. We've had depressed wages for decades and that can't go on forever. So, once everyone starts doubling their salaries, we'll all be laughing at how we used to think these prices were high.

YOU'RE WELCOME!!!

I hope you are right, but fear that will not happen. You see, I have a wage and also houses. Wage inflation without real inflation is what we need, but that would require some major productivity gains. It could happen, and I hope it does, but no guarantee there. We will most likely just sit and rot, while we slowly work through our de-leveraging issues. About the only thing we have on our side is time.

Like I said, though, I like your view of the world much better than mine. :)

Good. Because old is painful.

RentingForHalfTheCost says

Like I said, though, I like your view of the world much better than mine. :)

My only regret is that I'm only pretending to be optimistic!

wthrfrk80 says

Remember those "We Buy Ugly Houses" ads?

How can I forget when I still see them all over the place. They are like litter.

The price on one of those little 2 bedroom shitboxes was ridiculous of course. Then again of course California is the land of the "OPTION ARM". The most fucked mortgage ever to hit the earth. The only way many could afford a "shitbox".

You could ask why oh great Artismo? Why 2009. They actually went out selling these Option arm mortgages to PROPERTY INVESTORS all over the country trying to cover their asses. Property investors are condsidered a bad credit risk in that its not their primary residence and they can walk from the deal. It got THAT bad. See heres how it works. Say you have 500 mortgages that forms a "pool" of securities they are sold to say oh China or something like that. They have no asset (no house) attached. They only pass through the interest on a "monthly" basis to the security holders. When some of them go bad in the "pool" sold the buyers of the securities. They are replaced. Therefore you have to "make" more and more mortgages to replace the bad mortgages or forecloused on in the "pool". When you reach the bottom of the barrel no more "credit worthy" people left. Then you have to go to your "Bad credit" risks borrowers on mortgages. Then you have to blow something up, games over, claim a dire financial attack on the nation and markets start to slide and people lose their jobbies. See thats like the exit door. Now if you could find the records which is just an added bonus. You might be able to prove some things. However those records are probably in the east river somewhere. So you see it all worked out for them.

See they let out the clutch on Mortgage backed securities in the early 80's. By the time it hit 2000 they were all out of anything that resembled credit worthiness. As an example lets just say some of these houses had "Escalades" parked in front of them with television in the headrests so people in the back seat can watch TV. Then again just because some people aren't always "let in" unless the need arises to fill the usury bucket. I don't consider that a minus in their lives. Once again it wasn't about cash but hard goods from places like China. Wal-mart knows. Target sure as fuck knows.

APOCALYPSEFUCK is Tony Manero says

wthrfrk80 says

Sounds like an opportunity for target practice!

And for low cost, high quality protein!

bmwman91 says

LOL! I can't even imagine the uproar that would occur if someone discharged any sort of firearm in Menlo Park! And to shoot "poor innocent creatures" none the less! I bet that those rats are on some peninsula concerned citizens group's "endangered & special" list.

I would be more concerned with where the stray bullets might go and the collateral damage.

80B of market cap wiped out from the Cupertino market just in Apple stock depreciation of late. More to come folks. Good luck to all owners. At least the kids get a high score and go off to college.

http://www.youtube.com/embed/6qWYVuCyGz8

SUPRISE This vid is really hysterical. Get your emeralds O'casey. This is a big suprise of course to them. Then again it could be some political hi-jinks. What it basically says is guess what we goin' sizzlin.

I included this "dancin' for mother russia" vid.

http://www.youtube.com/embed/OFciDkipObY

You fucking murderers get out of there. Take a life 30 years for a house built in 3 months or take a life. These people are very serious business.

Of course the Afgan "security" forces reads like a who's who of the Nato "wolfpack". Not to mention all of Russias nearby's. Russia went in with everyone else. I remember thats the only important part to me. However they are suspiciously absent from the role of "security forces". Although probably there with strip mining equipment. The deception in this is they aren't already blowing up the ground at the present time and taking what they want.

You have to ask yourself do people rob and kill to get more. Of course they do. Paper is nothing. It's them assets again and what ya need to put them together with, material. Now I know this dosen't fit in with the philosophical goodness and purity of motive they use to turn the dweedle dees and dwiddle dumbs of the world into mush. Then again they have too, they don't want everyone turning on them.

zzyzzx says

I would be more concerned with where the stray bullets might go and the collateral damage.

Just use .22 shorts, or an air gun. Kills tiny game, but they are quite and strays are not going to cause much damage. Of course you still want to be cautious about what is down range.

RentingForHalfTheCost says

80B of market cap wiped out from the Cupertino market just in Apple stock depreciation of late. More to come folks. Good luck to all owners. At least the kids get a high score and go off to college.

Now now, by my calculations it is only a $70B loss. That is MUCH better, right?

leoj707 says

Of course you still want to be cautious about what is down range.

NEVER fire unless you KNOW what is downrange!

But yeah, a .22 shorty fired into dirt would not cause issues.

bmwman91 says

NEVER fire unless you KNOW what is downrange!

Yes, yes.

bmwman91 says

But yeah, a .22 shorty fired into dirt would not cause issues.

If an accident were to happen (ricochet, etc.) .22 short's velocity/penetration would most likely be nonlethal to anyone indoors, behind a fence, etc.

These are also nice to reduce problems with penetration, but overkill for rats.