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Mr. Vincent,
The good news just a keeps on comin'! I will agree, the DIY platform is already pressuring the 6% comm. and realtors are starting to feel the pinch.
WWII,
There certainly are right ways and wrong ways to buy a mfr. home. I think you're right! Bought new, the depreciation is steep. Purchased used or repo'd they can represent a value. The space rent Michael spoke of was $750 a month, pretty spendy. Then I guess it depends on what that covers. When you total up your water and sewer, garbage, utilities, common area maint. and taxes it might not be that bad a deal (of course depending on where you live). If you picked up a repo and paid it cash this would be your only expense.
George,
"IT" will always be yours! Yes you may now take full credit, and a victory lap. The "scenario" you describe above is exactly what the banks approach was to offering securities investments. The only difference you neglected to mention is that with all of the volume the banks will pump through the system "sales" will be assumed so they will be very low paid salary employees with nominal incentive packages so if they "sell" 1 mil for the month they will get an additional $250 that month!
Kind of sad,
But I can recall a time that I was really glad the stock market was doing well. Now I almost hope for a recession to possibly bring housing mania to a halt.
George''
Well, you said that you didn't want it to be called 'the summer of Goerge', right????
On trailer parks...
Yes I do have some knowledge on this since one of my best friends family is property mgr for over 70 "mobile home parks' in Cali.
It is big business a can be quite profitable.
The parks vary greatly.
There is one in Sacto that is more like a gated community than a traile park. My friend has a spare unit he keeps vacant for all of us to use anytime. It is about ten steps from the sand in Newport Beach.
Mobile home parks consist mostly of senior citizen, hispanics and lower income families.
They usually have a clubhouse, pool, often exercise room, etc.
Many have high standards of cleanliness and will evict the weird, drunken,crazy cat man with 100 cats living under his trailer.
(Not meant to be you Surfer-X ;))
O/T
What this about $800mil just to investigate FNM errors???
Does anybody really think they can be trusted accounting for $800 mil when they bungled $11 bil??? They should be prosecuted to the fullest extent!
I mean, WTF?
Speaking of house trailers,
I think it would actually be cool to renovate and live in a 1950's all-alluminum trailer. There was one near us where I grew up and the insides were all cherry colored wood paneling, a decent kitchen, and a round porthole looking window on the door. The fact that they're all allumimum on the outside means they usually hold up for decades with little maintaining. It'd go great with my 55' Mercury. Maybe have a little matching workshop in the back.
@SP,
I checked, but there are no comments stuck in moderation. As we discovered in the previous thread, certain strings or words are red-flagged as spam by WordPress, which results in instant deletion. One of these is "ci-al-is", which unfortunately also results in benign words like "so-ci-al-ist" triggering the auto-deletion.
HARM
Unfortunately no. The Newport Beach trailer is not a place I can throw a party...blog or no....
How about we all crash X's rental?
Do we have enough S.Cali people for a blog party?
I'm game!
X is in the Santa Barbara area, which is fine by me, but of course he has to give the OK first ;-). If I had enough room, I'd volunteer, but unfortunately I don't, being a jealous bitter apartment dweller and all.
Hey X
Can we all party at your house?
I think you've invited us all over for tequila at one time or another.
It'll be BYOT
Bring your own tequila.
Or we can meet at a restaraunt somewhere in between.
Since X's attendance would be mandatory...perhaps someplace loud...so we don't get thrown out...though I hear he's 37% less offensive in person ;)
Any suggestions?
BTW, I asked the owner where the ‘yelling, fighting, car-door slamming freaks’ who rented the place went. He said they moved out to… wait for it… Tennessee.
Ughhh... nice to know CA is exporting it's "finest" to (currently) Bubble-free states. Gee, I wonder why other states have such a low opinion of us?
HARM
Are there many of us that live down here?
You and X. I think Joe Schmoe does.
Anyone else?
I know on Ben's blog there are plenty....
but I'm not sure about this blog.
@LILLL,
I'd have to plod through the old biography threads to know for sure, but I believe us "Southerners" are in the minority here. (No surprise really, given the blog's name.) It'll take a while, but I'll try to see if the tally's high enough to plan something.
Another interesting mystery - the tenants left behind a garage full of plastic grocery bags. Just grocery bags stuffed inside other grocery bags. I have no idea what they were doing.
You can always recycle them into lawn furniture, I guess. Besides, I heard a rumor that they're not making any more plastic grocery bags.
@SFResident,
I replaced your long URL with a Tinyurl because it was skewing the page --I'd highly recommend using it. It's free & very simple to use.
Hey X
Can we all party at your house?
I think you’ve invited us all over for tequila at one time or another.
It’ll be BYOT
Bring your own tequila.
Or we can meet at a restaraunt somewhere in between.
Since X’s attendance would be mandatory…perhaps someplace loud…so we don’t get thrown out…though I hear he’s 37% less offensive in person
Any suggestions?
Absofuckinglootly. Just let me know when.
My pathetic rental is prime partying. Great backyard, cool neighbors, when?
I'll be in San Diegho this weekend but next weekend is always game, memorial day. It's an A- list holiday though.
Who could attend? I live in $anta Barbara, on the Eastside man (pronounced maaaine).
X,
Thanks! We shall speak offline, after I gather more names & information. Stay tuned.
Oracle mentioned,
Anybody notice that the NYSE collars had to be activated 2 hours into trading today? People are really spooked. We very well could have had a complete market crash today if the collars were not activated.
Forgive my ignorance. What are these collars ? How does one find out if the collars have been activated ?
Thanks in advance.
Those interested in the So. Cal. blog party over at Surfer-X's (possibly this Memorial Day weekend?) say so here with your preferred day (Sat, Sun or Mon).
If you provided a valid email address when you post (or logged in), I or Surfer-X can contact you with the decided upon date & time, what to bring, directions, etc. (emails are hidden to most bloggers, but visible to us). If it's a fakeroo, no dice.
What are these collars ? How does one find out if the collars have been activated ?
Electric shock collars...
Peter P
2006 May 17, 11:07am
Blog party too far away……….
How about a NorCal blog party at the same time with video conferencing?
How about a NorCal blog party at the same time with video conferencing?
You know there are too many I.T. guys on your blog when...
:-)
Sunday or Monday's fine for me. I just found out I have a commitment on Saturday, so that's out.
How about a NorCal blog party at the same time with video conferencing?
No Krab!
sushi is fine, but I thought you had a prohibition against synthentic seafood
Peter P
2006 May 17, 11:20am
sushi is fine, but I thought you had a prohibition against synthentic seafood
Actually, I am fine with fake scallops. They taste okay as deep fried fish cakes. But they are no replacement for 12-count jumbo sea scallops!
MMMMM monster prawns, I had some that were at least 2" across, mmmmm.
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Given how low the barrier to entry is and how many licensed Realtwhores® are already out there (something like half a million in CA alone now), isn't the post-bubble aftermath a perfect time for me to study for my Realtwhore® license?
I know, I know... you're probably thinking: "Hey, isn't this the same guy who takes cheap shots at Realtwhores® every chance he gets? Isn't this the same guy who posts article after article about Realtwhore® deceit and trickery? Isn't this the guy who routinely characterizes the NAR/MLS as a monopoly and quasi-mafia crime syndicate?"
Well... yes, yes and emphatically YES !!! But despite my personal feelings about Realtwhores®, I'm willing to set all this aside for a very important reason: 6%.
Yes, if I become my own Realtwhore®, I don't have to worry about the inherent conflicts of interest, routine misdirection, lies and thievery that comes part and parcel of being represented by one of California's finest (unless I decide to rip off myself, that is)! Not only can I cut 3% --the buyer agent's commission-- right off the top for any house I decide to buy, but I will also have direct unfiltered access to the local MLS --without having to wait for Congress to de-monopolize it.
I can *guarantee* that I will do due diligence to ensure my client is well represented: ME !
I will be my own "agent of change" :-). This way, in a few years --when prices are close to bottoming out-- I will be ready to pounce fully prepared to tender my "insulting" lowball offer with information asymmetry working for me (for a change)!
So, the question is, how best to go about it? Should I take one of those local community college courses, or go the self-study route? There must be a flood of former Realtors® out there (about to become a tsunami) ready to unload their study materials on the cheap. Anyone out there have any suggestions?
I can DO this. Suzanne researched it.
HARM
#housing