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bearishgurl
Participant[quote=sdrealtor]We had a very similar TV as that one but we only had the one and we kept it 20 years. That is a major difference. Today TV’s get replaced not because they fail but because something better comes along every couple years. That is what CAR isnt factoring into the equation.[/quote]
I don’t think everyone buys the latest flat screen every two years. Most “lower-income households” can’t get a credit limit high enough to purchase new (expensive) digital electronics. In my experience, when households buy a flat screen, they keep it. If it is a small flat screen, purchased 8+ years ago for $1500+, they retire it to a secondary room and purchase a larger flat screen for the FR or LR. Flat screens have come down in price substantially in the last 8 years. Once a family has all flat screen TV’s in their home or a projection TV they like, they typically don’t buy any more. Most people I know (of ALL income levels) only have ONE HDTV (or none), and, if they own more TV’s than one, the rest are older models. It costs $$ every month to watch HDTV all over the house (even if you own all HDTV’s) because you need a separate (satellite or cable) box for each one to get the HD programming.
Several households in my area do not subscribe to either cable or satellite svc. They are still using “rabbit ears” to get local channels. Some got subsidized digital-transformer boxes when they were on offer a few years ago. My area is a microcosm of county residents. There are many other areas similar to mine in this respect. If you don’t believe me, take a look at the TV’s in some of the $700K and up listings in PL and MH.
We do not yet have buried cable but we can now be serviced by AT&T U-verse w/their “Dish Network” contract (overhead lines and small dish).
I currently have 3 tube TV’s. One is a 32″ HDTV-CRT (circa 2002 [was $1490 w/tax]). I only have ONE cable box (which I recently turned back on) powering the HDTV and I’m very happy with the picture/sound (but would not want to have to move it – it’s very heavy). My other two (tube) TV’s are circa 2001 and 1988. I have no plans to purchase a flat screen TV. And I think I’m probably a typical “Susie Q Public” or female “Joe6P.” :=]
Participant[quote=sdrealtor]We had a very similar TV as that one but we only had the one and we kept it 20 years. That is a major difference. Today TV’s get replaced not because they fail but because something better comes along every couple years. That is what CAR isnt factoring into the equation.[/quote]
I don’t think everyone buys the latest flat screen every two years. Most “lower-income households” can’t get a credit limit high enough to purchase new (expensive) digital electronics. In my experience, when households buy a flat screen, they keep it. If it is a small flat screen, purchased 8+ years ago for $1500+, they retire it to a secondary room and purchase a larger flat screen for the FR or LR. Flat screens have come down in price substantially in the last 8 years. Once a family has all flat screen TV’s in their home or a projection TV they like, they typically don’t buy any more. Most people I know (of ALL income levels) only have ONE HDTV (or none), and, if they own more TV’s than one, the rest are older models. It costs $$ every month to watch HDTV all over the house (even if you own all HDTV’s) because you need a separate (satellite or cable) box for each one to get the HD programming.
Several households in my area do not subscribe to either cable or satellite svc. They are still using “rabbit ears” to get local channels. Some got subsidized digital-transformer boxes when they were on offer a few years ago. My area is a microcosm of county residents. There are many other areas similar to mine in this respect. If you don’t believe me, take a look at the TV’s in some of the $700K and up listings in PL and MH.
We do not yet have buried cable but we can now be serviced by AT&T U-verse w/their “Dish Network” contract (overhead lines and small dish).
I currently have 3 tube TV’s. One is a 32″ HDTV-CRT (circa 2002 [was $1490 w/tax]). I only have ONE cable box (which I recently turned back on) powering the HDTV and I’m very happy with the picture/sound (but would not want to have to move it – it’s very heavy). My other two (tube) TV’s are circa 2001 and 1988. I have no plans to purchase a flat screen TV. And I think I’m probably a typical “Susie Q Public” or female “Joe6P.” :=]
Participant[quote=jpinpb]I wasn’t going to put this information on Piggington b/c he’s not a contractor and I wanted to keep him all for myself 😉 But I’m going to share it so that others may benefit from his service. Antonio Fletes 619-462-1109. He is here legally living in Spring Valley and knows how to do a LOT of different things. Only charges $150 a day and earns every penny. Older guy, but do not be fooled. He works hard and kicks ass.
We are putting in our patio. He helped clear and dig up the yard and set the forms. We had a little surprise when removing the planter which butted up against the house, which oddly and unbeknownst to us apparently somehow was propping up the wall of the house. Also, as we were removing the dirt, we uncovered the sewer drain had a huge hole in it, covered by a brick. God only knows how long it was like that. He fixed that. He set forms and cemented supporting walls.
We had some cracks in the stucco and we asked if he could fix it. He showed us photos of his work. While removing the stucco, we had rotted, termited wood. Had to have been 20 years of damage. He replaced all the bad wood. The guy is great and I feel really lucky I came upon him. He knows his shit and doesn’t mess around.
All I wanted was a patio and uncovered a can of worms. It could have been much more costly. This guy saved us a lot of money and headaches down the road. Not only is he a good, hard worker, but honest and very respectful and appreciative.[/quote]
Thanks for posting this, jp. I know several hard workers like your guy. I don’t know how long the owners you purchased from owned your home, but obviously they didn’t disclose these obvious flaws to you in their Transfer Disclosure Statement. Perhaps they were never disclosed to them when they bought and thus they didn’t have knowledge of these problems themselves.
I myself dug up quite a bit of large concrete pieces from my own backyard the first year I owned my place, when removing large high-maintenance plants I didn’t want. It was very old garden border but it did not interfere with the foundation of the house. It’s amazing what you find (incl extensive damage) when you endeavor to install a window or otherwise disturb something on an older property that has not been seen or touched by human hands or tools in decades.
I’m happy for you that you were able to fix these problems reasonably with your good and experienced help 🙂
Participant[quote=jpinpb]I wasn’t going to put this information on Piggington b/c he’s not a contractor and I wanted to keep him all for myself 😉 But I’m going to share it so that others may benefit from his service. Antonio Fletes 619-462-1109. He is here legally living in Spring Valley and knows how to do a LOT of different things. Only charges $150 a day and earns every penny. Older guy, but do not be fooled. He works hard and kicks ass.
We are putting in our patio. He helped clear and dig up the yard and set the forms. We had a little surprise when removing the planter which butted up against the house, which oddly and unbeknownst to us apparently somehow was propping up the wall of the house. Also, as we were removing the dirt, we uncovered the sewer drain had a huge hole in it, covered by a brick. God only knows how long it was like that. He fixed that. He set forms and cemented supporting walls.
We had some cracks in the stucco and we asked if he could fix it. He showed us photos of his work. While removing the stucco, we had rotted, termited wood. Had to have been 20 years of damage. He replaced all the bad wood. The guy is great and I feel really lucky I came upon him. He knows his shit and doesn’t mess around.
All I wanted was a patio and uncovered a can of worms. It could have been much more costly. This guy saved us a lot of money and headaches down the road. Not only is he a good, hard worker, but honest and very respectful and appreciative.[/quote]
Thanks for posting this, jp. I know several hard workers like your guy. I don’t know how long the owners you purchased from owned your home, but obviously they didn’t disclose these obvious flaws to you in their Transfer Disclosure Statement. Perhaps they were never disclosed to them when they bought and thus they didn’t have knowledge of these problems themselves.
I myself dug up quite a bit of large concrete pieces from my own backyard the first year I owned my place, when removing large high-maintenance plants I didn’t want. It was very old garden border but it did not interfere with the foundation of the house. It’s amazing what you find (incl extensive damage) when you endeavor to install a window or otherwise disturb something on an older property that has not been seen or touched by human hands or tools in decades.
I’m happy for you that you were able to fix these problems reasonably with your good and experienced help 🙂
Participant[quote=jpinpb]I wasn’t going to put this information on Piggington b/c he’s not a contractor and I wanted to keep him all for myself 😉 But I’m going to share it so that others may benefit from his service. Antonio Fletes 619-462-1109. He is here legally living in Spring Valley and knows how to do a LOT of different things. Only charges $150 a day and earns every penny. Older guy, but do not be fooled. He works hard and kicks ass.
We are putting in our patio. He helped clear and dig up the yard and set the forms. We had a little surprise when removing the planter which butted up against the house, which oddly and unbeknownst to us apparently somehow was propping up the wall of the house. Also, as we were removing the dirt, we uncovered the sewer drain had a huge hole in it, covered by a brick. God only knows how long it was like that. He fixed that. He set forms and cemented supporting walls.
We had some cracks in the stucco and we asked if he could fix it. He showed us photos of his work. While removing the stucco, we had rotted, termited wood. Had to have been 20 years of damage. He replaced all the bad wood. The guy is great and I feel really lucky I came upon him. He knows his shit and doesn’t mess around.
All I wanted was a patio and uncovered a can of worms. It could have been much more costly. This guy saved us a lot of money and headaches down the road. Not only is he a good, hard worker, but honest and very respectful and appreciative.[/quote]
Thanks for posting this, jp. I know several hard workers like your guy. I don’t know how long the owners you purchased from owned your home, but obviously they didn’t disclose these obvious flaws to you in their Transfer Disclosure Statement. Perhaps they were never disclosed to them when they bought and thus they didn’t have knowledge of these problems themselves.
I myself dug up quite a bit of large concrete pieces from my own backyard the first year I owned my place, when removing large high-maintenance plants I didn’t want. It was very old garden border but it did not interfere with the foundation of the house. It’s amazing what you find (incl extensive damage) when you endeavor to install a window or otherwise disturb something on an older property that has not been seen or touched by human hands or tools in decades.
I’m happy for you that you were able to fix these problems reasonably with your good and experienced help 🙂
Participant[quote=jpinpb]I wasn’t going to put this information on Piggington b/c he’s not a contractor and I wanted to keep him all for myself 😉 But I’m going to share it so that others may benefit from his service. Antonio Fletes 619-462-1109. He is here legally living in Spring Valley and knows how to do a LOT of different things. Only charges $150 a day and earns every penny. Older guy, but do not be fooled. He works hard and kicks ass.
We are putting in our patio. He helped clear and dig up the yard and set the forms. We had a little surprise when removing the planter which butted up against the house, which oddly and unbeknownst to us apparently somehow was propping up the wall of the house. Also, as we were removing the dirt, we uncovered the sewer drain had a huge hole in it, covered by a brick. God only knows how long it was like that. He fixed that. He set forms and cemented supporting walls.
We had some cracks in the stucco and we asked if he could fix it. He showed us photos of his work. While removing the stucco, we had rotted, termited wood. Had to have been 20 years of damage. He replaced all the bad wood. The guy is great and I feel really lucky I came upon him. He knows his shit and doesn’t mess around.
All I wanted was a patio and uncovered a can of worms. It could have been much more costly. This guy saved us a lot of money and headaches down the road. Not only is he a good, hard worker, but honest and very respectful and appreciative.[/quote]
Thanks for posting this, jp. I know several hard workers like your guy. I don’t know how long the owners you purchased from owned your home, but obviously they didn’t disclose these obvious flaws to you in their Transfer Disclosure Statement. Perhaps they were never disclosed to them when they bought and thus they didn’t have knowledge of these problems themselves.
I myself dug up quite a bit of large concrete pieces from my own backyard the first year I owned my place, when removing large high-maintenance plants I didn’t want. It was very old garden border but it did not interfere with the foundation of the house. It’s amazing what you find (incl extensive damage) when you endeavor to install a window or otherwise disturb something on an older property that has not been seen or touched by human hands or tools in decades.
I’m happy for you that you were able to fix these problems reasonably with your good and experienced help 🙂
Participant[quote=jpinpb]I wasn’t going to put this information on Piggington b/c he’s not a contractor and I wanted to keep him all for myself 😉 But I’m going to share it so that others may benefit from his service. Antonio Fletes 619-462-1109. He is here legally living in Spring Valley and knows how to do a LOT of different things. Only charges $150 a day and earns every penny. Older guy, but do not be fooled. He works hard and kicks ass.
We are putting in our patio. He helped clear and dig up the yard and set the forms. We had a little surprise when removing the planter which butted up against the house, which oddly and unbeknownst to us apparently somehow was propping up the wall of the house. Also, as we were removing the dirt, we uncovered the sewer drain had a huge hole in it, covered by a brick. God only knows how long it was like that. He fixed that. He set forms and cemented supporting walls.
We had some cracks in the stucco and we asked if he could fix it. He showed us photos of his work. While removing the stucco, we had rotted, termited wood. Had to have been 20 years of damage. He replaced all the bad wood. The guy is great and I feel really lucky I came upon him. He knows his shit and doesn’t mess around.
All I wanted was a patio and uncovered a can of worms. It could have been much more costly. This guy saved us a lot of money and headaches down the road. Not only is he a good, hard worker, but honest and very respectful and appreciative.[/quote]
Thanks for posting this, jp. I know several hard workers like your guy. I don’t know how long the owners you purchased from owned your home, but obviously they didn’t disclose these obvious flaws to you in their Transfer Disclosure Statement. Perhaps they were never disclosed to them when they bought and thus they didn’t have knowledge of these problems themselves.
I myself dug up quite a bit of large concrete pieces from my own backyard the first year I owned my place, when removing large high-maintenance plants I didn’t want. It was very old garden border but it did not interfere with the foundation of the house. It’s amazing what you find (incl extensive damage) when you endeavor to install a window or otherwise disturb something on an older property that has not been seen or touched by human hands or tools in decades.
I’m happy for you that you were able to fix these problems reasonably with your good and experienced help 🙂
Participant[quote=SD Realtor]…This is exactly what the majority of agents who had plenty of knowledge and knew the areas that they worked in 2004 were telling clients, “Go buy, real estate always goes up!”[/quote]
SDR, are you saying here that the “highly-educated” agents didn’t make any sales on the selling end from 2004 to 2007 (“bubble-era” period) because they were telling all their potential buyer-clients NOT to purchase RE … that it was due for a “crash?” And that they *knowingly* listed and sold RE during this period that wasn’t even worth 60% of what the buyers were paying for it??
Participant[quote=SD Realtor]…This is exactly what the majority of agents who had plenty of knowledge and knew the areas that they worked in 2004 were telling clients, “Go buy, real estate always goes up!”[/quote]
SDR, are you saying here that the “highly-educated” agents didn’t make any sales on the selling end from 2004 to 2007 (“bubble-era” period) because they were telling all their potential buyer-clients NOT to purchase RE … that it was due for a “crash?” And that they *knowingly* listed and sold RE during this period that wasn’t even worth 60% of what the buyers were paying for it??
Participant[quote=SD Realtor]…This is exactly what the majority of agents who had plenty of knowledge and knew the areas that they worked in 2004 were telling clients, “Go buy, real estate always goes up!”[/quote]
SDR, are you saying here that the “highly-educated” agents didn’t make any sales on the selling end from 2004 to 2007 (“bubble-era” period) because they were telling all their potential buyer-clients NOT to purchase RE … that it was due for a “crash?” And that they *knowingly* listed and sold RE during this period that wasn’t even worth 60% of what the buyers were paying for it??
Participant[quote=SD Realtor]…This is exactly what the majority of agents who had plenty of knowledge and knew the areas that they worked in 2004 were telling clients, “Go buy, real estate always goes up!”[/quote]
SDR, are you saying here that the “highly-educated” agents didn’t make any sales on the selling end from 2004 to 2007 (“bubble-era” period) because they were telling all their potential buyer-clients NOT to purchase RE … that it was due for a “crash?” And that they *knowingly* listed and sold RE during this period that wasn’t even worth 60% of what the buyers were paying for it??
Participant[quote=SD Realtor]…This is exactly what the majority of agents who had plenty of knowledge and knew the areas that they worked in 2004 were telling clients, “Go buy, real estate always goes up!”[/quote]
SDR, are you saying here that the “highly-educated” agents didn’t make any sales on the selling end from 2004 to 2007 (“bubble-era” period) because they were telling all their potential buyer-clients NOT to purchase RE … that it was due for a “crash?” And that they *knowingly* listed and sold RE during this period that wasn’t even worth 60% of what the buyers were paying for it??
Participant[quote=clearfund]SDSURFER – SFRs were never meant to be cash flow vehicles and thus rarely cash flow decently. You are competing with 90% owner/users who have bid the price structure up to a zero return.[/quote]
clearfund, I can appreciate your bias to comm’l RE and large multifamily complexes. However, not everyone has the capital to purchase these properties or multiple REITs or the know-how and contacts to form managing partnerships that work for them. Not every area in SD county has SFR’s which are 90% owner-occupied, which are bid up in price to zero return. Many SFR’s (often fixers or near-fixers) languish on the market or are good properties to buy as an equity purchaser PRIOR to being foreclosed on (if they are not over-encumbered). Sometimes, an owner just has to move to be near family and can’t make the necessary repairs to compete in today’s sales market (where deep-pocketed owner-lenders are fixing-up properties reverting back to them at trustees sales prior to marketing them).
There are MANY areas of the county where a first-time individual investor can buy an SFR for $175K to $275K and the cash-flow numbers work out from day one if he/she manages it himself. These houses, in primarily “working class” areas are 40-75 years old and typically rent for $1350 to $1800 mo (avg rent $1650). Given the ultra-low interest rate climate of today and the fact that many condos can’t be financed due to low owner-occupancy of the complex or pending litigation, I believe that from now through the next 3-4 years (if mtg interest rates stay stable) is a very OPPORTUNE time to scoop up SFR investments (using a mtg), especially those on or close to public transportation. Remember, EVERYONE has to live somewhere.
Participant[quote=clearfund]SDSURFER – SFRs were never meant to be cash flow vehicles and thus rarely cash flow decently. You are competing with 90% owner/users who have bid the price structure up to a zero return.[/quote]
clearfund, I can appreciate your bias to comm’l RE and large multifamily complexes. However, not everyone has the capital to purchase these properties or multiple REITs or the know-how and contacts to form managing partnerships that work for them. Not every area in SD county has SFR’s which are 90% owner-occupied, which are bid up in price to zero return. Many SFR’s (often fixers or near-fixers) languish on the market or are good properties to buy as an equity purchaser PRIOR to being foreclosed on (if they are not over-encumbered). Sometimes, an owner just has to move to be near family and can’t make the necessary repairs to compete in today’s sales market (where deep-pocketed owner-lenders are fixing-up properties reverting back to them at trustees sales prior to marketing them).
There are MANY areas of the county where a first-time individual investor can buy an SFR for $175K to $275K and the cash-flow numbers work out from day one if he/she manages it himself. These houses, in primarily “working class” areas are 40-75 years old and typically rent for $1350 to $1800 mo (avg rent $1650). Given the ultra-low interest rate climate of today and the fact that many condos can’t be financed due to low owner-occupancy of the complex or pending litigation, I believe that from now through the next 3-4 years (if mtg interest rates stay stable) is a very OPPORTUNE time to scoop up SFR investments (using a mtg), especially those on or close to public transportation. Remember, EVERYONE has to live somewhere.
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