Random Thoughts - Part Deux [NO POLITICS]

[Sapphireho]

Originally Posted by humfrz

That comes after you have to take your Lotus into the shop …… and you get the bill …….


humfrz

Since I bought it from an actual Lotus dealer, I was able to negotiate 3 year 36,000 mechanical warranty in the deal, so I should be shit free for a while.

[Sapphireho]

Now my adds are back to the usual mail order brides.

[Teseo]

Originally Posted by Sapphireho

Now my adds are back to the usual mail order brides.

Mine went from Ukraine to Arab

[Sapphireho]

Originally Posted by Teseo

Mine went from Ukraine to Arab

I seem to get all flavors.

[humfrz]

Originally Posted by Sapphireho

Since I bought it from an actual Lotus dealer, I was able to negotiate 3 year 36,000 mechanical warranty in the deal, so I should be shit free for a while.

Good thinking!

However, at the end of that extended time and mileage ……… is when they will start coming apart …….


humfrz

[humfrz]

Originally Posted by echo419

of course. I was just trying to avoid paying anyone anything until I was certain this is what I want to do. the more I think about it the more I'm leaning towards selling.

Comps in the area are a little tough. I have a townhouse and most of the recently sold town homes either don't have garages like I do or are way above me in cost. but I do remember looking at a couple of places down the street from where I ended up buying. No doubt those sold around the time mine did and they ever very similar.

the market here is very busy and things don't stay on the market for very long these days. hell when I bought mine there were 5 offers on it when I went to look at it the day before it officially went on the market. luckily my agent knew the seller's agent so she was able to assure him that the sale would be hassle free, which it was. I was never super excited about it in the first place. I really wanted a 1 bedroom loft near the town square but the one I was after had just gone under contract when I contacted the agent. so instead I ended up with a 3 bed 2.5 bath townhouse with a 2 car garage.

If you would like to PM me the address of your property, I'll do a CMA on it.


Sincerely,


humfrz

[humfrz]

Originally Posted by spike021

Been very casually looking at condo prices around here and the peninsula.

People here are fucking bonkers.

Like even me as a software engineer can't afford any of these places. I'd have to save up for 5-10 years.. for a condo, and just for a reasonable downpayment lol.

Who in their right mind pays 800k-1.2m for a 1br/2br type condo that isn't even in a "luxury" complex/building?

Who can even afford that? At least if it was closer to what it's worth, maybe 300-400k I'd be able to afford a downpayment in the next year or two.

I'm sad.

Yes, that is a sorry situation.

My sister who lived in San Jose had to move to Hollister to afford to buy a house.

My nephew who lived in Hollister had to move to Visalia to afford a house.

My niece who lived in San Jose had to move to Bend, Oregon to afford to buy a house.

Another nephew's new wife who "had" a small house in Hollister, bought it at the height of the last RE bubble and after the bubble burst had to walk away from it (gave it back to the bank) ….. now, THAT does wonders for your credit score.


humfrz

[Tcoat]

Originally Posted by Spuds

Move somewhere else? I've got 3br, 2.5ba, a garage and .3 acers of sovereign Spuds soil for under 200K. And that's more expensive than a lot of other places I can think of. That would buy you a mansion in some places in the south.

There are places in PA that will pay YOU to take the property!

[Spuds]

Originally Posted by cjd

Relevant jobs is the issue. I can take 4+ hours of commute and exchange my property taxes for a mortgage payment... Forget the mortgage payment I also have. Not worth it. I had a decent place and a 3hr+ commute, paid off. I spend half an hour getting to work now and half that is a nice walk. Fifteen minutes or less on transit. That's over 10 hours of life back every week, plus the health benefits (and I notice that too).


And Chicago isn't as bad as the Bay area. Very similar to Seattle price wise but the market isn't quite as hot, possibly because transit makes the suburbs an option for people.

I have a 40 minute commute and an engineering position. Spike can find a decent job anywhere as a SW engineer.

[echo419]

Originally Posted by spike021

Been very casually looking at condo prices around here and the peninsula.

People here are fucking bonkers.

Like even me as a software engineer can't afford any of these places. I'd have to save up for 5-10 years.. for a condo, and just for a reasonable downpayment lol.

Who in their right mind pays 800k-1.2m for a 1br/2br type condo that isn't even in a "luxury" complex/building?

Who can even afford that? At least if it was closer to what it's worth, maybe 300-400k I'd be able to afford a downpayment in the next year or two.

I'm sad.

Atlanta awaits you.

there are several reasons why people and businesses are flocking down here. Affordable housing is just one of them.

[humfrz]

Originally Posted by spike021

Been very casually looking at condo prices around here and the peninsula.

People here are fucking bonkers.

Like even me as a software engineer can't afford any of these places. I'd have to save up for 5-10 years.. for a condo, and just for a reasonable downpayment lol.

Who in their right mind pays 800k-1.2m for a 1br/2br type condo that isn't even in a "luxury" complex/building?

Who can even afford that? At least if it was closer to what it's worth, maybe 300-400k I'd be able to afford a downpayment in the next year or two.

I'm sad.

@spike021 and @Sapphireho …… I have some real estate thoughts you two may wish to look into.

As I understand the situation, you spike021 would like to buy a house within the next 2-3 years in the San Jose area. Sapphireho, you would like to sell your house in the San Jose area and move (retire) to Idaho.

If the property that Sapphireho is going to sell is "right" (size/location) for spike021 and both parties are ready to make a move within the next 2-3 years ……. several strategies are possibly available.

1. Develop a contract for sale that would give spike021 the "first right of refusal" to purchase the property form Sapphireho at a predetermined price.

That would be a gamble on both parties part …… depending on whether the forming real estate bubble imploded, before or after the date of the contract. Worst case for Sapphireho is, that he might have to throw in the Lotus to sweeten the deal …..

2. When the time comes for a sale, the buyer and seller, develop a sales contract that gives the buyer a "lease with an option to buy". This might help spike021 ease into homeownership. In addition, there may be an income tax advantage for Sapphireho.

3. Sapphireho sell to spike021, at a price he could afford to finance (including down payment) and the seller (Sapphireho) "carry back" a note on the balance between the financed amount and the agreed sale price. The note would be secured by a lien on the title to the property.

NOW ……. keep in mind that these thoughts are coming from a burnt out old real estate broker, from a different state, that is 6 years out of touch with the real estate and mortgage markets ……


humfrz

[Tcoat]

Originally Posted by Sapphireho

Now my adds are back to the usual mail order brides.

Originally Posted by Teseo

Mine went from Ukraine to Arab

Mine are way off base

[Ultramaroon]

Originally Posted by Boomerang

Congratulations on your baby, does it have facial hair?

Wookiee characteristics are recessive so he looks like a normal human.

[ichitaka05]

June means remodel the basement. Can't wait to rip out 70's fake wood wall out! I wish I can replace the carpet too... but we'll see there's enough budget to do that.