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Examples of stupid comments I’m tired of reading in real estate reports and listings:


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2006 Aug 3, 11:42am   26,288 views  227 comments

by tsusiat   ➕follow (0)   💰tip   ignore  

charming handyman's special!

Choices Increase for Buyers…. …. Real Estate Board President, Joe Doe, notes that while sales have softened slightly, prices have remained relatively stable and are up compared to the beginning of the year….[agghh, inventory is tracking much higher than sales, month after month]

Private garden with a fenced yard on a quiet street. Perfect for kids, pets and a veggie garden….. Partially updated with new maple kitchen and hot water tank in this comfy light filled doublewide [mobile!]. Perfect "as is" rental for renters with pets or college students [nearest college is 40 miles away. Yes, we are including a hot water tank].

REVENUE, REVENUE, REVENUE!! Nothing to do but collect your rental income! [of course, the mortgage payments alone are about double the current rent …]

Priced to sell, quick possession. [We need cash. Please.]

Move right in condition. [What, this is a selling point for a HOUSE?]

First time on the market in 50 years! [I see dead people]

Inside shows very nicely. [Outside, not so much]

Character …. 3 bedroom home on quiet street. Tenanted -- renting for $1200, planning on leaving end of August. Great investment or holding property. [mortgage payment with 20% down at 6% = $1657]

This is a very well maintained 1940's home with many substantial upgrades & is perfect for the 1st time home buyer. [mortgage payment with 10% down at 6% = $2126 = necessary annual income of $80,000. Local median family income is $55,000. Lots of potential first time buyers at these LOW, LOW prices]

I could go on, but you get the picture. Feel free to supply your own versions of the insanity of the Real Estate babble, with links if you like…

The language skills of real estate journalists and salespeople are getting a real work-out these days; if this continues, I expect to see future examples of creativity that would get excellent marks from a grade 8 creative writing teacher [punctuation, not so much…].

tsusiat

#housing

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206   nrecob   2006 Aug 4, 4:49pm  

"You’re right on the money here. I recall being shocked at how infrequently I could get away with dusting my apartment or washing my car when I lived in Atlanta. In L.A., you pretty much have to vacuum & dust your place at least weekly, or it really builds up and coats everything."

I'd gladly wash/dust weekly--Atlanta=shithole best seen either in your rear view mirror or from 30,000 feet ;)

207   HARM   2006 Aug 4, 5:06pm  

I’d gladly wash/dust weekly–Atlanta=shithole best seen either in your rear view mirror or from 30,000 feet.

Huh? If I had my way (i.e., with a job offer in hand), I'd already be back there. Atlanta is MUCH nicer than L.A.

208   surfer-x   2006 Aug 4, 5:31pm  

But in reality, if you are a peasant in China with absolutely no hope of making it, and life is absolutely misery, so you’d like to sell one of your kidneys so that your kid will stand a chance in the future, should you be denied that opportunity?

And the little fine line is extended to include selling one daughter so the others may survive, it's called slavery.

209   OO   2006 Aug 4, 7:23pm  

China is practising defacto slavery as we speak.

There are two kinds of registry, one for the peasants, one for the urban people, all major cities have their own registry. If you don't belong to a city's registry, you are denied rights of free education, or medicare or even job opportunities in that city. Although it is getting better than before, the most lucrative jobs preclude migrants from the countryside no matter how outstanding their ability is. The Chinese registry system is modelled after the serf labor establishments set up by Peter the Great of Russia.

That's why we can afford such cheap electronics or clothings from China because peasant labor are paid next to nothing, while the government doesn't have to take care of them in terms of social security or medicare. About 900 million peasants in China fall into such a category, and the Chinese that can make it out of China legally are mostly urban population, it is also understandable why these Chinese defend their abandoned country so relentlessly because they are the beneficiaries of such a system.

Although China doesn't have a caste system like India, it is a true caste system in practice, except there are only two castes, the peasants (slaves) and the urban population.

It is sad, but an economic reality. When you have millions of excess labor supply, they are willing to do anything to get by. The sadder truth for all of us living comfortably in an already developed country is, due to globalization and free flow of capital, our standard of living will have to converge with that of the Chinese pseudo-slaves. Either they rise up to meet ours, or we sink down to meet theirs.

210   astrid   2006 Aug 4, 11:07pm  

tsusiat,

That is funny, I'm gonna try that the next time the weather in DC gets above 100 F. Incidentally my boyfriend recently declared the sun his mortal enemy. The sun got the best of him, since Pleasanton went up to 113 F soon after he made the declaration, he said that it was warm even with the AC on and living in a first floor apartment.

OO,

Yup. I wish Westerners were less hung up on bio-ethics and Judeo-Christian ideals about what's acceptable and what is not. Homo economicus is ruled to be unethical by people who have a 2000 year old value system that they're constantly reinterpreting for the sake of political expediency.

I actually like the idea of a limited organ market. Properly overseen, there's virtually no downside for any of the players involved. Some parents in China would happily give their lives if that would help establish their kids into a prosperous life.

I think you're exaggerating the strictness of the rural/urban divide a bit too far. For a select few, it is possible to test into a university and then work towards an urban life. Also, many rural registered people do live in big cities and quite a few of them have quite a successful life - they obviously aren't educated or connected enough to work as executives or cadres, but many do fairly well for themselves.

Also, not quite all the outstanding people have left :) I have a second cousin who is quite brillant technically and very good with people, and she's staying in China because she really loves her job. I am trying to convince her to emigrate to Canada though...

211   nrecob   2006 Aug 5, 1:19am  

"I’d gladly wash/dust weekly–Atlanta=shithole best seen either in your rear view mirror or from 30,000 feet.

Huh? If I had my way (i.e., with a job offer in hand), I’d already be back there. Atlanta is MUCH nicer than L.A."

Really? How so?

212   astrid   2006 Aug 5, 1:34am  

I can only assume HARM is either an indoor person or immune to heat and mosquitoes. I've never been to Atlanta (never ever had any reason to go there) but it always seemed like it would be extremely generic, sort of a slightly polished up Houston.

213   nrecob   2006 Aug 5, 1:52am  

Astrid, your picture of Atlanta is generous and as for Georgia, it is my 51st choice out of the 50 states--I can't wait to get back West....

214   astrid   2006 Aug 5, 1:55am  

Come on, it's can't be that bad. Surely Nevada and North Dakota and Indiana and Ohio and Houston are even less pleasant!

215   nrecob   2006 Aug 5, 2:26am  

Astrid, actually it is--I don't remember [in recent history anyway] living someplace I liked less. Then again one gets spoiled living in places like La Jolla, Honolulu and Maui ;) Btw, there's not a thing wrong with Nevada--at least Vegas or more accurately Henderson [SE suburb of Las Vegas]. Henderson was NICE when I first lived there ('96-'00).

Sign me "The Lights Were Never On In Georgia" :) lol

216   astrid   2006 Aug 5, 2:52am  

"Then again one gets spoiled living in places like La Jolla, Honolulu and Maui"

Atlanta would definitely be the dog in that bunch :P I do find Nevada to be quite depressing. The landscape is just so arid and devoid of color.

217   nrecob   2006 Aug 5, 3:26am  

"Atlanta would definitely be the dog in that bunch :P I do find Nevada to be quite depressing. The landscape is just so arid and devoid of color."

Most DEFINITELY the Dog....
==
Depressing? Henderson's nice (or at least it used to be).
Devoid of color? Red Rock/Valley of Fire are worth a look....

--How many days left in this shitbox known as "the A-T-L"? Don't know exactly but I know one thing for sure-- I'll miss it about as much as a field audit ;)

218   astrid   2006 Aug 5, 3:45am  

But Valley of Fire is virtually in AZ/UT! :)

It's just hard to imagine that ATL is so bad. It's just so bland. Miami or Houston has just got to be worse.

If all else US fails to live down to ATL, just remember it's 110 F + humidity in the Persian Gulf.

219   nrecob   2006 Aug 5, 6:28am  

"But Valley of Fire is virtually in AZ/UT! :)

It’s just hard to imagine that ATL is so bad. It’s just so bland. Miami or Houston has just got to be worse.

If all else US fails to live down to ATL, just remember it’s 110 F + humidity in the Persian Gulf."

The Valley of Fire I'm referring to is definitely in Nevada [North of Vegas on I-15 as I recall]...were you thinking of Sedona?

I can't speak about Houston only having been at the airport...but Miami definitely has it's plusses!

Persian Gulf? Been there, done that! ['91] NEVER again!

I think I'm just going to go somewhere new--Capri or Venice should do nicely....

220   HARM   2006 Aug 5, 11:09am  

Then again one gets spoiled living in places like La Jolla, Honolulu and Maui.

Well now, that's hardly a fair comparison, is it? Almost anything compared to Hawaii looks like shit. La Jolla is one of the most beautiful (and most expensive) coastal cities in CA, so not even that's a fair comparison. Maybe La Jolla vs. Buckhead would be a little more fair, but then again, Buckhead doesn't have a beach. How about Buckhead vs. Savannah?

I still contend you can live far better on a middle-class salary in ATL than almost anywhere in CA.

221   nrecob   2006 Aug 5, 12:12pm  

"Maybe La Jolla vs. Buckhead..."

Buckhead [where I slum- I mean live now] doesn't hold a candle to La Jolla [living ON Prospect Street is DA BOMB!]....

"I still contend you can live far better on a middle-class salary in ATL than almost anywhere in CA."

Who said anything about middle-class salary?

Just kidding! ;)

Seriously, GA just don't cut it after living West--I'm goin back!

222   astrid   2006 Aug 6, 5:12pm  

goober,

"“big-city” stuff. Smog, rudness, bad schools, strip clubs, a healthy crime rate and of course over priced real estate. Bland just doesn’t fit."

Those sound like pretty bland big city stuff to me:) I guess I'm looking for some culture or some sort of edginess that distinguish it from other cities. Strip clubs, congested roads, and a par share of social troubles doesn't really give me that.

I actually dislike all big city environments except for SF and Shanghai. The former because it's not that big and very pretty, the latter because of family and how far my restaurant going dollars can go there.

224   astrid   2006 Aug 7, 5:38am  

goober,

Maybe that's so. But Golden Gate Park and surrounding recreational area is extremely pretty.

Having said that, I haven't been to SF proper in years. My boyfriend and I usually shop and eat in Berkeley, when we feel the need for that typical BA experience.

225   astrid   2006 Aug 7, 5:43am  

Glen,

You mean because the price seems so low?

The sq footage is rather low (since there's probably no basement) and I assume Lawrenceville is not an up and coming neighborhood, but it does seem like a nice, gracefully constructed home. I noticed that the new south is obsessed about new McMansion housing so they don't like older housing stock, even though the older ones have much nicer lots and more usable space.

I wouldn't mind if something like that came up in the BA. Except it would go for $2 million, just for the 1acre of land.

226   Sylvie   2006 Aug 11, 2:01pm  

It takes time and possibly several moves to find the right fit for one's life. I agree with SHTF assessment that it takes decades possibly to accomplish what wouldn't anywhere else. California pretty much has stuck it's nose up at the middle income citizen. It's really sad no wonder many of us left or are leaving soon. With all of it's troubles (and there are many) the one that will be the most responcible for exodus is affordabilty or lack thereof. It's a hard pill to swallow after all your hard work and education you can barely eke out an existance. The anger stays with you for a long time and you stay longer than you should. Years go by you haven't made much gains and then we get a real spike of inflation. Everything goes up in a short amount of time housing, energy, health care ect. You feel so weary maybe a bit depressed and think to yourself you should be further along. You finally come to the conclusion maybe I can do better elsewhere. It takes time to muster up the courage you do it and you try another locale. Maybe it works maybe not. But you ke trying until you find your home at last. One you can afford

227   Sylvie   2006 Aug 12, 2:01am  

Hey Liz ,

The world as we knew it has changed dramatically! Upper middle class is now 200k a year at least in the west. Wages have been largely stagnant int that region but the cost of living tripled. There are areas of the country that pay the same as california but housing is half to a third as much. My big question is WHY? And why hasn't anybody looked into valid reasons for it?

I never thought I'd live to see an educated person not be able to earn enough for the basic home. If you look atr the majority of people in that region they are at most middle income

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