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Blissful Ignoramus
ParticipantIt’s a rather Victorian looking illustration, isn’t it?
Several years ago my wife and I bought a Victorian house built in the 1880s in a small city in the northeast, one that peaked at around that time and hasn’t really made a comeback since. My wife dug up newspaper articles and records on the house, and discovered that it was built at a cost of $3500 (quite a lot in those days). Subsequent sales records for the house showed that it didn’t sell again for a price exceeding that until after World War II.
I think the Professor is trying, and failing, to communicate a concept from the past that is so foreign to us that we can’t possibly understand it: the home as a depreciating asset.
ParticipantIt’s a rather Victorian looking illustration, isn’t it?
Several years ago my wife and I bought a Victorian house built in the 1880s in a small city in the northeast, one that peaked at around that time and hasn’t really made a comeback since. My wife dug up newspaper articles and records on the house, and discovered that it was built at a cost of $3500 (quite a lot in those days). Subsequent sales records for the house showed that it didn’t sell again for a price exceeding that until after World War II.
I think the Professor is trying, and failing, to communicate a concept from the past that is so foreign to us that we can’t possibly understand it: the home as a depreciating asset.
ParticipantIt’s a rather Victorian looking illustration, isn’t it?
Several years ago my wife and I bought a Victorian house built in the 1880s in a small city in the northeast, one that peaked at around that time and hasn’t really made a comeback since. My wife dug up newspaper articles and records on the house, and discovered that it was built at a cost of $3500 (quite a lot in those days). Subsequent sales records for the house showed that it didn’t sell again for a price exceeding that until after World War II.
I think the Professor is trying, and failing, to communicate a concept from the past that is so foreign to us that we can’t possibly understand it: the home as a depreciating asset.
ParticipantIt’s a rather Victorian looking illustration, isn’t it?
Several years ago my wife and I bought a Victorian house built in the 1880s in a small city in the northeast, one that peaked at around that time and hasn’t really made a comeback since. My wife dug up newspaper articles and records on the house, and discovered that it was built at a cost of $3500 (quite a lot in those days). Subsequent sales records for the house showed that it didn’t sell again for a price exceeding that until after World War II.
I think the Professor is trying, and failing, to communicate a concept from the past that is so foreign to us that we can’t possibly understand it: the home as a depreciating asset.
ParticipantRaleigh is indeed a bit rough around the edges. Cary is nearby, and is a bedroom community for the many people associated with NC State and the many high tech businesses in the area. You won’t have any trouble finding places near Raleigh with good schools, including Cary and Chapel Hill, home of the University of North Carolina. Durham, home of Duke, is also a bit rough, but has some good schools.
It’s the South. It’s different from Southern California. If you’re going to move there, make sure that you are willing to embrace that change. I’ve lived in both Southern California (grew up there) and in the south, and I loved both. There are annoying and negative things about the south, but wonderful things too.
ParticipantRaleigh is indeed a bit rough around the edges. Cary is nearby, and is a bedroom community for the many people associated with NC State and the many high tech businesses in the area. You won’t have any trouble finding places near Raleigh with good schools, including Cary and Chapel Hill, home of the University of North Carolina. Durham, home of Duke, is also a bit rough, but has some good schools.
It’s the South. It’s different from Southern California. If you’re going to move there, make sure that you are willing to embrace that change. I’ve lived in both Southern California (grew up there) and in the south, and I loved both. There are annoying and negative things about the south, but wonderful things too.
ParticipantRaleigh is indeed a bit rough around the edges. Cary is nearby, and is a bedroom community for the many people associated with NC State and the many high tech businesses in the area. You won’t have any trouble finding places near Raleigh with good schools, including Cary and Chapel Hill, home of the University of North Carolina. Durham, home of Duke, is also a bit rough, but has some good schools.
It’s the South. It’s different from Southern California. If you’re going to move there, make sure that you are willing to embrace that change. I’ve lived in both Southern California (grew up there) and in the south, and I loved both. There are annoying and negative things about the south, but wonderful things too.
ParticipantNot only did the Society Whose ARMs are about to reset (SWARMAR) start the fires, they used Hillary Clinton’s Satanic powers to direct the Santa Ana winds toward the properties that are mortgaged upside down and under foreclosure!
Only those with St. Joseph statues buried in their front yards are safe!
ParticipantNot only did the Society Whose ARMs are about to reset (SWARMAR) start the fires, they used Hillary Clinton’s Satanic powers to direct the Santa Ana winds toward the properties that are mortgaged upside down and under foreclosure!
Only those with St. Joseph statues buried in their front yards are safe!
ParticipantNot only did the Society Whose ARMs are about to reset (SWARMAR) start the fires, they used Hillary Clinton’s Satanic powers to direct the Santa Ana winds toward the properties that are mortgaged upside down and under foreclosure!
Only those with St. Joseph statues buried in their front yards are safe!
ParticipantThe current number of homes lost in SD County is something like 1100, and hopefully the final total won’t be much more than that if at all. That is going to be, what, 3000 or so folks displaced? How many tens of thousands of homes are on the market in SD County? Those numbers are a drop in the bucket, particularly when you consider the fact that most of those burned out will choose to rebuild.
I can see there being an impact on the short-term rental market, but won’t FEMA provide trailers for those burned out?
Really, the main impact here is that after two rounds of disastrous wildfires in a four year period, it will be harder to sell properties in areas that are more fire prone.
ParticipantThe current number of homes lost in SD County is something like 1100, and hopefully the final total won’t be much more than that if at all. That is going to be, what, 3000 or so folks displaced? How many tens of thousands of homes are on the market in SD County? Those numbers are a drop in the bucket, particularly when you consider the fact that most of those burned out will choose to rebuild.
I can see there being an impact on the short-term rental market, but won’t FEMA provide trailers for those burned out?
Really, the main impact here is that after two rounds of disastrous wildfires in a four year period, it will be harder to sell properties in areas that are more fire prone.
ParticipantThe current number of homes lost in SD County is something like 1100, and hopefully the final total won’t be much more than that if at all. That is going to be, what, 3000 or so folks displaced? How many tens of thousands of homes are on the market in SD County? Those numbers are a drop in the bucket, particularly when you consider the fact that most of those burned out will choose to rebuild.
I can see there being an impact on the short-term rental market, but won’t FEMA provide trailers for those burned out?
Really, the main impact here is that after two rounds of disastrous wildfires in a four year period, it will be harder to sell properties in areas that are more fire prone.
ParticipantIt seems that none of the major SD Co. fires are contained to a significant degree.
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