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an
Participant[quote=spdrun]
I tried to put another on a 1/1 in MM recently that was asking around $135k.,..full price cash offer just for kicks…It would have just been so-so as an investment, but what the hell I thought. I think my offer went in day after it was listed or close to that. Anyway, ended up I was the 6th offer…..and that was even before any showing or the open house that was being done that weekend…Yup… Didn’t get a counter or anything (not that I would have entertained any counter above asking there)…
Patience … a lot of games are being played these days. I put an offer on a 1/1 two months ago, 10% below ask. Broker said I had no chance on getting it accepted at below ask. Two weeks ago, I got a call, and it’s now been submitted to the bank for SS approval.
Just because some people throw a cash offers out there doesn’t mean they can (or are even willing) to perform. Quite a few people are putting 10 offers on different short-sold places seeing which one actually gets approved by the bank.[/quote]
10% below ask doesn’t say anything. Maybe asking price was too high. What are the comps? Is it also 10% higher than your accepted offer? Also, just because the seller of a SS accepted your offer doesn’t mean the bank will. Unless you mean they already did their BPO and the bank accepted your 10% below list (assuming list is equal to comps) offer.I’ve competed with cash offers on SS before and they all have performed. But that’s just my small sample space.
ParticipantThe inventory # seems to keep on getting worse by the day. Currently, there’s only 19 active SFR and 8 Condo/TH for sale in my area. That’s tiny for an area over over 70k people.
Participant[quote=bearishgurl]Ahem … a few things come to mind here, paramount. First of all, how close are these lakes to well-paying jobs? You know … the kind you can raise a family (or two parents can raise a family) with? Want to work at the local Kerr McGee truck stop washing diesels or in the cash cage selling cigs? Or . . . are you ready to “retire” now??[/quote]
Seriously, you wrote a whole diatribe bashing Lake Travis without know where it is? It would probably be quicker if you would just search for it on the web. FYI, a simple Google search would show Lake Travis is ~15-20 miles away from Downtown Austin. So, why would you even bring up truck stop and selling cigs? http://goo.gl/maps/sygCEParticipantNsr, I am one of those seasoned mobile dev. My ft jobs pays more after benefits than my freelance, even though my freelance is for a bay area company and my ft job is here in SD. If you’re working 60 hrs a week, I think its better to do 40 hours ft and 20 hours freelance.
Participant[quote=spdrun]The “extra payment” is flexibility, rather than having someone with “authority” set your schedule.[/quote]I’m calling BS. I’ve done freelancing, I’ve done full time, and I’ve done full time for a contracting firm. It’s all relative on which company you’re working for, regardless of freelancing or full time. If anything, at the same company, the freelance are more likely to be pushed the hardest.
Participant[quote=JohnAlt91941][quote=SK in CV]Costco is paying a $7 dividend before year end, compared to about $1 over the last 12 months. Around $7 billion. They’re borrowing half of it.
[/quote]Yet their own founder and board member is a huge Obama supporter. Seems not with the wallet though.
http://online.wsj.com/article/SB10001424127887324705104578149012514177372.html?mod=googlenews_wsj%5B/quote%5D
Do As I Say (Not As I Do).Participant@flu, let’s do it. Clinton years were the good years and Bush years were the bad ones, right. So let’s return everything back to Clinton years.
ParticipantYou can look at redfin for those data. I did just that earlier today and for my area in July 2011, there were over 160 houses for sale. Today, there’s 25. That’s a massive decline. Too bad redfin doesn’t have data back further. Would be interesting to see what supply was like at the peak. Price everywhere I look is up as well.
Participant[quote=ctr70]Your forgetting prosperous countries like South Korea, New Zealand, Japan, Hong Kong, Singapore, Uraguay, Malaysia, and Australia (just to name a few), that have lower personal tax rates than the U.S. I especially like Hong Kong tax rates capped at 15% no matter what a persons income is. [/quote]Don’t forget Canada. http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html Their top tax rate is 29% but the bottom tax rate is 15%.
Participant[quote=flu][quote=spdrun]Can’t you do whatever you want to do for a large corepirate entity on a freelance/LLC basis instead? No IRS issues as long as you’re not being paid through a middle-man, and the insurance situation will become a lot better for small LLC’s come 2014.
(Obama wins this round.)[/quote]
My total comp package as a full time is better than it would be if I was a consultant. In fact it’s been like this for the past 6-7 years.[/quote]
Agree. I’m doing both right now and even SF freelance are not paying more than full time SD.Participant[quote=flu][quote=AN]I find it A LOT easier to just roll my IRA into my 401k, then borrow from that.[/quote]
Assuming you’ve already done that :)[/quote]
Depending on if your IRA is Roth or not. If it’s Roth, you can withdraw the contribution and pay off your 401k loan, then take out another loan from your 401k.ParticipantI find it A LOT easier to just roll my IRA into my 401k, then borrow from that.
Participant[quote=FormerSanDiegan]The rent you pay will track the rent you charge… so the amount you pay will remain fixed. At some point.in the future the interest and other costs will.be less than the standard deduction and you might actually come out ahead.[/quote]
I don’t think it always work out that way. If you have a good tenant, you definitely don’t want to raise their rent while they’re in there, at least while rent are rising slowly. It’ll cost you more to clean up and find another tenant and lost rent during the time in between. While on the other end, you’re at the mercy of your landlord. If you have a landlord who want to raise your rent, you have no choice but to obey, or you can move and still pay market rent. If your landlord doesn’t do proper repairs and you end up moving, you’d have to pay market rent as well.Participant[quote=flu]Enron, it doesn’t matter .Both parties always throw the moderate wealthy under the bus..They just call it differently.
GOP calls moderate wealthy “middle class”.
Democrats calls moderate wealthy “rich class”.Whenever government needs to tax more, they just love to hit this group…
And while “wealthy means $200k for someone single”, it also means $250k for a couple….I don’t know why, but I guess maybe some people think women shouldn’t have a meaningful career after they are married but just be a stay at home mom..(and no I don’t think that way)…But regardless, it also means a LOT of you slightly above middle class families are gonna get shafted… Like I’ve been saying all along..Really rich people…Not gonna get hit by this at all..[/quote]
Ding ding ding. The tallest grass will get cut. The truly rich are not in the same lawn.First, it’s the 1%, then 2%, then 5%, then 20%. After all, top 20% is still only 20%. 80% of the population won’t be affected. The top 20% can afford to pay a little more.
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