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bearishgurl
Participant[quote=FlyerInHi] . . . Boomers are needy people; as they age, they will want to be near their kids closer to the cities. (Boomers are the first generation that treated their kids are friends also).[/quote]I have never been “needy” nor have I ever treated my kids like my “friends,” (especially when they were growing up). I saw how that fiasco turned out with other families, lol. Maybe this is why my youngest gave me their old (2010) smartphone when they left for college a year and a half ago. They wanted me to learn how to text cuz they didn’t want to talk on the phone with me anymore … go figure :-0
[quote=FlyerInHi]I need to live another 50-60 years to see how my predictions turn out. I think I will be vindicated.[/quote]Ummm, how old are you now, brian?
Participant[quote=no_such_reality]Good sized fixer in Hayward hills. Do you mean this one?
https://www.redfin.com/CA/Hayward/25072-2nd-St-94541/home/1050457805 square feet, 2 bed /1 bath on 5000 sf lot fixer.
i call bunk on your boomers did. They didn’t. My father did, but he was prettybmuchbthe guy the entire extended family called when sh*tnbroke in the house and most of the other families we knew worked the same way, they didn’t fix it, of it they did they bubble gummed it and called a family/friend that knew better.
Boomers consumed. Most of the dilapidated housing out there was driven there by boomers.[/quote]That’s not it, NSR. IIRC, it was on a 7500+ sf pie-shaped lot and was over 1400 sf. I don’t recall there being a yellow line down the street (it was not a thoroughfare). I’m sorry to hear that you didn’t have any relatives who could “fix” anything. Almost all my boomer relatives (incl the women) are very handy. I like to think of myself as “learning the ropes” now as I was a “desk jockey” most of my life and still am to a lesser degree. However, I DID learn to paint, clean brushes with turpentine, mow lawns and weed as a child and did those things for money before I got my work permit. I was also taught to use common hand tools. Over the past few years, my “repertoire” has been building slowly into other trades and the use of power tools (of which I currently own 5). It’s a process.
The listing you posted is on a standard-sized lot and therefore, only so much can be done with it. And due to the “economic obsolescence” of it being situated on a thoroughfare, I don’t think it is worth it to obtain plans for a second story on it (although the view would be very nice to possibly outstanding out some windows).
However, for the buyer who can get it for +/-$325K and doesn’t mind the size of the home (they were going to buy a small condo anyway, with HOA dues) or the street, it is reasonably-priced close in shelter for a SV worker.
Assuming no structural problems, I think I’d rather spend $50-$100K on your listing after getting it for ~$325K and possibly add a family room or extend the MBR + addt’l bath to the backyard instead of continuing to pound the pavement looking for housing another 20 to 100 miles down the road. It’s very affordable for that area.
I’ll try to find the listing I saw a few weeks ago.
I also saw a listing for a fabulous older home on a large corner lot in Livermore (I know, pretty far out, but not anywhere near as far away as Tracy/Stockton) which had some of the goodies in it that SD North Park homes typically have, although I don’t think it was a Craftsman. IIRC, its asking price was <$500K. Livermore has the Lawrence Livermore Labs as well as a few other corporate HQ in its own right. It's a very nice, self-contained town, although it can get quite hot out there. I grew up near what is now the Amador Valley Blvd exit of I680, which of course, wasn't built at that time. We only had a Safeway and Piggly Wiggly (large convenience store with meat and produce) at that time and of course, there was no I580. There was an exit off the SR-84, I believe, for Dougherty Road in Dublin, which was unincorporated at that time. The SR-84 meandered on out to Livermore, where we occasionally shopped. I remember Livermore's shopping area as having a wood deck for a sidewalk, much like the SD Embarcadero used to be. And the town was very green and FULL of cows (and all the smells that go along with that, lol). I've seen a few other recent SFR listings in Livermore as well, for larger, more contemporary homes ('70's & '80's) on 7500+ sf lots asking under $500K. And this is only what I've seen in the the cities I was searching in Alameda County, my old stomping grounds. There are several affordable SFR areas of Solano County and fewer affordable SFR areas of (eastern) Contra Costa County.
There are a few “affordable” condo complexes with 3 br units off the Dublin Blvd exit of I580 which feed into a “10” elementary school, which was my old (K-8) school back in the day. Who knew? I must say I DID receive an excellent education there 50+ years ago, lol ….
When I repeatedly see posts here about SV workers being forced into buying/renting in Patterson, Tracy and Stockton, I call BS. It is as though these poor worker-bee millenials are self-proclaimed “victims” who can’t even find a cardboard box to live in closer to work! It’s a crock of sh!t.
Participant[quote=paramount] . . . And a pillow was over his head…??[/quote]That’s not what the innkeeper said in an impromptu interview on the day the Justice’s body was found. He said he was lying down on the bed on top of the covers. He had apparently collapsed shortly after entering his room the night before … and never woke up.
The innkeeper (ranch owner) is the only one who knows how the body looked and seemed very credible to me. He seemed very professional and had nothing to hide. He didn’t immediately let himself in the Justice’s room until after he missed both breakfast lunch the next day. Even then, he stated that he knocked several times and got no answer before he finally used his master key to enter the room.
It’s extremely likely that the ranch owner didn’t touch the body except to try to rouse him or see if he was dead. So it would have been in the same position he found it in when the authorities got there.
Participant[quote=paramount]BG: The Death guy never mentions autopsy – just some basic tests/exam.[/quote]You didn’t have a link and I did see that in your post. I don’t know the protocol for medical examiners in TX. Maybe they’re now saying this because they feel they didn’t properly cover their a$$es in this case. But it really doesn’t matter, anyway … see my post above.
Participant[quote=paramount]Death Investigator: Scalia’s Death Probe ‘Very Troubling to Me’
“Cases like this show you need a solid system. He was found dead; it was not a witnessed death. That is very troubling to me,” he told LawNewz.com.
At a minimum, a thorough external examination should have been done, together with collection of bodily fluids for testing.[/quote]My understanding was that Scalia’s family didn’t want an autopsy. They’re the only ones who have standing to sue. In addition, I believe Judge Guevara (who pronounced him dead in absentia) spoke to at least one of his two (DC-based) doctors who had seen him a few days earlier. That doctor told her that he had warned the Justice that he was in “poor health.” No details were given as to what “poor health” meant. In any case, if he had 1-2 doctors who had just seen the Justice prior to going on that trip who stated to him (and later, others) that he was in “poor health,” then that alone would prevent the family from taking any legal action against the resort or TX government as medical doctors are considered “experts” in their field and are not easily impeached.
In short, there are very likely a lot of things the TX government (and the MSM) didn’t and don’t know about the state of the Justice’s health at the time of his death.
Participant[quote=FlyerInHi]errr… BG, there is very little inventory right now.
Math wise, we need to build dwellings at a rate greater than household formation (to account for vacation homes). Otherwise there is a shortage. Pretty simple, really.
I didn’t say people need to DIY order to own homes per se. However, they do need to DIY if they buy at the max they qualify for, as most buyers do. That’s why they prefer move in ready.[/quote]No we don’t need to build homes at that rate. “Vacation homes” are typically NOT located in job centers. In CA, for example, most of them are located in resort towns (ex: S. Lake Tahoe & Mammoth Lakes), rural towns with a <15K population as well as "out in the boonies." Millenials don't want to buy in these locales due to not being able to make a good enough living to support a monthly PITI. Boomers buying "vacation homes" aren't "stealing any inventory" from millenials. Actually, when boomers finally decide to sell their primary residence in a CA coastal county or inland city with job centers and "retire" to their vacation home, that opens up another listing for millenials to make an offer on. Regardless of the amount of inventory currently available in any micro-market, some listings are taking longer to sell (60+ days). So some of them don't seem to have any takers, possibly because the asking price is too high and/or seller wouldn't accept a lower price so it is in effect a "test listing."
Honestly, I don't think a huge percentage of millenials (single digits?) are currently in the market to buy a home. Some are still at parents' homes trying to save up for security deposits and a better used car. The ones that are on their own are, for the most part, renters (even long-term renters) because of their inability to save a downpayment despite having a good salary for years. Millenials, as a group, aren't very good savers. They feel they need everything "right now" and many (most) of them are what I would consider "high maintenance" (my own kids included).
Millenials in "flyover country" are a bit of a different breed than those who grew up in CA. Many of them seem to have adopted the values of their parents and it doesn't hurt them that decent housing costs much less there than here. Therefore, buying a house there in one's 20's is actually very doable in many areas.
The last thing our severely overcrowded CA counties need is more housing with no buyers ready, able and willing to buy them.
Builders are not doing anyone any favors by offering a first-time buyer product (or product a little "moved-up" from that price point) in a locale where jobs which pay a living wage are 50+ miles away. All they are doing is creating more sprawl.
February 17, 2016 at 9:38 PM in reply to: OT: Yet another reason to never take out a student loan – They will hunt you down! #794447ParticipantI saw the video. Private SL lenders are contracting with the US Marshal’s service in Houston in attempt to collect up to 1400 accounts of ~30 year-old student loan debt.
Obviously, these debtors knew they still owed some money … even if a small amount (which has mushroomed over the years due to interest) and never sought to look into it and make good on it to get it off their records.
I don’t understand why these debtors weren’t sued after they defaulted long ago. I’m pretty sure private SL lenders are allowed to sue for collection of these loans.
Why try to force them into a payment plan NOW (at the threat of jail) when they have had 3 decades to locate these debtors and take collection actions?
Apparently, the statute of limitations never expires on outstanding student loan debt. That’s not surprising to me. No one in my family (immediate or otherwise) has ever taken one out and it is extremely likely that no one ever will.
It is better NOT to go to college (or go to a much cheaper college or nearly “free” ROP job training program) than to take out a student loan which will ruin your life right out of the gate, just as you’re trying to start it. I don’t believe in them.
Participant[quote=FlyerInHi]whatever, BG.
Remember people have to live somewhere. If they are no affordable places in LA, they will be forced to move to Riverside or San Bernardino.
You are part of the reason houses are expensive because you oppose any new dwellings. you keep on saying people can live in existing houses… How so if the houses are already occupied?
Yeah, I want to live in Brentwood and I don’t want anything new built once I’m in. Easy to say if you don’t care where people will live. Your QOL is great, if you have money and a job nearby… but everyone else has to commute from San Bernardino.[/quote]The above issues are where you and I differ in opinion. You yourself have posted here numerous times that FTBs should buy an “imperfect” place and DIY (as much as possible) to create “sweat equity.” The truth is that there is plenty of unoccupied (or sellers willing to sell and move) existing housing to choose from in nearly ALL CA coastal counties. The reality is that the millenials don’t want them. If they decide to purchase, they want it as new as possible (preferably brand new construction). Nearly . Every . Single . City in the SGV (22 cities in all) has one or more fixer uppers available at any given time (incl condos). Or SS/fixer SFR listings which might be able to be had for a $300-$400K price … yes, even today!
For example, millenials are commuting from BF Egypt (that includes Stockton, folks) because they want to. They consciously CHOSE this lifestyle while turning down closer-in housing choices.
I saw a good-sized 1950’s cosmetic fixer situated on a generous lot in the Hayward Hills asking the high $300’s a couple of weeks ago. Distance to the SM Bridge was 5-7 minutes, including stoplights. I’m sure it’s gone now. I suspect a handy boomer or professional flipper/boomer picked it up in an all-cash sale … NOT a millenial who so desperately needs to live close to work for a reasonable price! From what I could tell, its only major defect was a utility line easement which touched the ground and was shared by an adjoining parcel.
Oakland abounds with fixer-uppers and there are some GREAT parts of town, people.
Oh, and your Brentwood fixer upper on a 1/2 AC lot was in the mid-high $300’s in the early-mid nineties. Where were you, brian? Were you able to buy real property back then, and if so, did you qualify for a ~$350K purchase? You had that window of opportunity to purchase your “dream” and let it pass (so did I) :=0
Participant[quote=FlyerInHi]Too much nimbyism in built out areas. So sprawl will go on to Victorville. Eventually the Palmdale to Victorville area will get developed. If you drive the area you will see realty signs in Chinese/Korean.[/quote]The SGV isn’t really “built out.” It has TONS of open space, hence the great QOL for its residents. And it’s not ever going to be “built out.”
That’s the difference between LA County and the inland empire (San Bern and Riv counties.) The leadership in the various LA County jurisdictions didn’t sell out to Big D. The inland empire counties and their cities did. Hence the huge difference in residential RE prices.
You pay for what you get in this life and LA County’s cities are simply “worth more” to live in due to its better location and excellent planning.
Participant[quote=FlyerInHi] . . . I foresee more 3 bedroom condos being built.[/quote]Back from a “break” trimming wayward giant bushes and filling 3 (2 “borrowed”) 90 gal carts with yard waste … as a function of El Nino, lol. More next week after cans are emptied ….
FIH, there are many large (100 or more unit) condo complexes in the SGV which have lots of 3-4 bdrm units. They are on average about 30 years old and appear to be very well-managed. My youngest kid lives in one and its landscaping is to die for. However, they are no longer “cheap.” For a few years (2008 to 2012) some “distressed” units could be had in the $300-$400K range, but alas, they were all bought up by cash buyers (90% “Chinese”). A 3-bdrm unit is now worth $475-$575K, depending on condition. Of course, the SGV’s (older stock of) SFR listings now start at $575K with an average age of 50 years old. (There isn’t any housing much newer there than the late ’80’s except for in “Phillips Ranch,” a fairly recent county annexation into the City of Pomona.) Even though these cities are likely ~30 miles closer to job centers than the “Eastvale/dairy farm” area of Riv County, it is likely that most first-time buyers (millenials) can no longer qualify to buy into the SGV, unless they are happy with a 1-2 bdrm condo (I don’t think there are any “studios” out there).
I think shoveler has posted before here that companies were now moving into the *new* (redirected) I-15 corridor. In a few months, the widening/elevation project of the I-15 at the base of the Cajon Pass (connecting with this corridor as well as the I-215) will be completed. This will provide a much faster, seamless transition into/out of the high desert for intra/interstate travelers/truck traffic as well as SoCal residents. This project has been on the CalTrans “drawing board” for more than 30 years (since the opening of I-215) and I am really glad to see it finally take shape.
ParticipantAt this point, I would seriously consider a detached over-55 community if it didn’t have HOA dues.
ParticipantMaybe its best that millenials DON’T buy SFRs and buy condos instead. They’re not capable of properly taking care of one. This group, as a whole, is incompetent when it comes to practical living skills. They must have been asleep at the switch and not paying attention when mommy and daddy were mowing, gardening, DIYing, taking out the trash and cleaning house. OR, I suspect they were over-burdened with extra-curricular activities which took up all their time. I know mine were, but at least they know the basics of cooking, cleaning and doing laundry.
ParticipantI’m going to start being more “Trump-like” and saying something to the worst offenders. They’re degrading the neighborhood.
Participant[quote=spdrun]A one-year lease is temporary in the scheme of things for landscaping. So we’re not just just talking about bad landscaping, but about actually litter.[/quote]Yeah, my area is a “victim” of the “flipper-buy-and-hold phenomenon” of several years ago. And, to a lesser extent, the “heir-hold-forever-plan-cuz-property-taxes-are-minuscule” phenomenon.
Trash pickup costs twice as much if you order a family-sized waste-cart. So these young families try to get by with the smallest waste cart left behind at the property and overflow it weekly. If there is any trash sitting on the curb outside the can and it is not a bulky item (i.e. curtain rod or kid’s toy, etc), then it will not get picked up.
Seriously, these kids who can’t afford all the bills that go with renting an SFR (water, trash, sewer, gas and electric) should rent an apt/condo where some of them are traditionally paid by the LL.
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