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Doofrat
ParticipantGreat job waiting!!!! My wife and I were watching this exact episode and I said they should have to go back and show what they really sold it for in later episodes, but I guess at 60+ days on the market, it wouldn’t make this season!
PerryChase, you’re missing out on these shows, they’re great! Somebody buys a fixer upper that you think they bought for about $400,000, but then you find out they paid more like $600,000. They fix up the kitchen with, guess what, stainless and granite! They point around alot and show some contractors sawing. The house either looks pretty cool at the end, or has some whacked out design. Either way a realtor comes in and says how great it looks. Then the realtor says I think it’ll sell right away for $4.8 million dollars.
Then at the end they state the figures like the place is already sold:Cost of house: $600,000
Fixup costs: $55,000
Listing Price: $4,800,000
Time to fixup: 3 weeksPotential Profit: $4,145,000
I’m exagerrating a bit here, but not much. If you’re pessimistic, you’ll think that these people are crazy, if your an optimist, you’ll be writing your resignation letter to your boss and calling a broker to get an Option ARM so you can make your millions flipping.
ParticipantCommon sense really refers to herd mentality. Usually it’s correct like don’t jump in the water when there are sharks swimming around, or don’t eat the mushrooms you see growing on your lawn, that’s all common sense. But common sense isn’t always correct. Common sense in the late 90s was that you bought dot.com stocks, but look where that ended up. Like I stated above, common sense says that you don’t eat mushrooms growing on your lawn, but if you are a mycologist then you have specialized knowledge and can decide whether the mushrooms on your lawn are edible or not, even though common sense says not to eat the mushrooms.
The people on this board are not using common sense. It sounds bad, but it’s not. They are questioning the common sense and building their own specialized knowledge about the subject and making their decisions based on that, not common sense.
Sorry to get all English teacher on the term, and maybe I’m interpreting it incorrectly, but I believe that’s what common sense is.ParticipantIn the past, our memory did not need to be long. We only needed to think back to the past few years to make decisions about what we were going to plant, where our tribe was going to move, etc. Now that short memory is a problem. We don’t notice when things move incrementally, we see something move, and if it stays there for awhile, we reset our baseline to that new level and forget that it was ever at a different level. Sure, we can look back and note that it was once at a different level, but we can’t wrap our minds around the idea that it could ever go back to that level.
I’d say that where the readers of this site differ from the “common” in common sense is that we don’t use common sense to make our decisions related to housing. If we used the common sense, we’d be buying up houses so we didn’t get locked out of the market.
We are using logic and not common sense (just because a bunch of people believe something doesn’t mean it’s true) to override our instinct of thinking that the new baseline of housing prices is set at about $500,000.ParticipantBeach sitting for seals: The pros and cons
I have a friend who’s a seal. Some of his friends are sea lions and they have seen an awful lot of sharks in the water lately and have been afraid to go in.
“I’m just scared of all the sharks, you used to be able to go in to the water and there were very few sharks, now you see all these fins out there circling. I’m hanging out here at Children’s Pool until I feel it’s safe.” says my seal friend.
Some of sea lions I interviewed felt the same way. “I have a friend who went in last week, and I haven’t seen him since, he was just going into the water for a quick swim, but now he hasn’t come out”
Rather than interview somebody like a lifeguard or a marine biologist, I decided to interview the sharks themselves to to find out if this was true:
“absolutely not!” said one unnamed shark “there are not many sharks out here, I invite the seals to come on in and swim their plump, juicy bodies around!”
Wanting to be sure to get an impartial view, I interviewed another shark “all those fins you see are just..umm … just dolphins! yeah Dolphins!” said another unnamed shark.
Well there you go seals, sounds like the water’s perfectly safe to me.
ParticipantChipotle Marinated Tri-Tip, best thing at Seaside Market. It’s always funny how the meat cutters get mad cause they have to cut off a piece for you though. No I don’t want 3 and a half pounds of $9 a pound meat and you’re a meat cutter, cut it biatch! I only say that here, cause I’m not going to tell a guy with a big knife that in person.
Seriously though, CardiffBaseball is right, that is the best cut of meat, if you’re anywhere near Seaside, get some!August 8, 2006 at 3:24 PM in reply to: Are housing forums being infiltrated by “Black PR” aka covert public relations campaigns? #31308ParticipantOn Craigslist, if enough posters flag a comment, it is automatically removed, so this is theoretically possible, but very very unlikely.
August 8, 2006 at 2:10 PM in reply to: Are housing forums being infiltrated by “Black PR” aka covert public relations campaigns? #31293ParticipantSounds like bs to me, but who knows. Didn’t find anything on Snopes about it, so I submitted it.
ParticipantThe most important step to take is the first step —
admitting you have an addiction to Piggington.When asked why you post, you might have said, “I just like to post!” or “It’s my choice to post.”
Other posters have promoted the idea that posting is a matter of personal choice. As I see it, there really isn’t as much choice as they have suggested to the forum.
Ask yourself, and be totally honest: Am I addicted Piggington? Am I truly making a freely made choice when I post?
You might consider that you need to have a look at the forums or need to post. Studies have shown that Piggingotn addiction is as hard to break as heroin or cocaine addiction.
In Poster’s Anonymous’ 12 Step program, which sprang from the venerable Alcoholics Anonymous program, the first step is admitting to yourself, “I’m powerless over Piggington.”
Making this admission may seem trivial to you, but for many it is a very significant part of completing the journey to becoming a non-poster.
By telling posters that posting is a personal choice, Piggington has helped to keep its customers in denial about the true extent of their addiction to Piggington. If Posting or reading is a choice, then what’s the rush to quit? Piggington posters have used this spin to help keep millions of posters and lurkers posting and reading their topics and comments.
Admitting that you’re posting more out of addiction to Piggington than choice will help motivate you to go on to the next steps — taking control of yourself and becoming a non-poster.
This admission will further serve you by helping you stay free later. In the months and years after you quit, when temptations to post or read occasionally overpower you — and they will — remind yourself, “I have an addiction to Piggington and I’m powerless over Piggington.” Saying this to yourself in overwhelmed moments of desire will help give you the strength to say no to “just one” post.
If you can make it for just five minutes without giving in, the urge to post will be controllable or disappear. In this way, you’ll be able to stay post free for life.
ParticipantI’ll answer for Powayseller:
Yes.
🙂ParticipantI lived in CBS for a few years, then Carlsbad, and now Carmel Valley, so I know the traffic. I work in UTC, and with the bypass, it’s a 10 minute commute, parking lot to garage(12 if there’s traffic). The farther north you go will add to that:
Going north:
Having to do merge #2 (Del Mar Heights – Via Del La Valle will probably add another 10-15 minutes to your commute. Going to CBS will add another 5-10 to that depending on traffic. So you’re looking at about 30 mins to CBS give or take 5.Going south:
The traffic begins to speed up about CBS, so going to work will be a breeze anywhere up to about Mid Encinitas.As far as the BK, I don’t think most private renters ever run credit, but I’m sure some do. I know my landlord in Carlsbad did, but that’s the only time they ever did, cause I run my credit every year for free at the ONLY site that offers this: http://www.annualcreditreport.com (this is the government mandated site)
ParticipantIs there a term for people that point to the present or past situation and use it as an example for the future? Not being sarcastic, just wondering if there is such a term. You know how a real estate agent might say “I don’t see a housing decline in the future, look at how well housing has done this year!”
ParticipantI believe we have options to lessen the pain of high oil prices such as those bob007 has shown, but I don’t know how much control we have over high oil prices themselves. The market sets these prices, and the market is the world market, not just the market in the US.
Again, going back to the oil well in the backyard scenario. If I have an oil well in my backyard, and my neighbor has a Hummer and complains about the amount of money he is currently spending on gas (assuming he can refine my oil to make gas), he has three choices: He can ask me to sell him my oil for less than the market will give me for my oil (that’s not going to happen, I’m going to sell my oil at the market), he can buy a Prius, or he can just continue driving his Hummer and paying high oil prices hoping the price of oil comes down, and I’ll keep selling my oil to him or the Chinese, whoever pays the market price to me.
Currently, the US is deciding to keep driving that Hummer. If the US decides to drive a Prius, our demand for oil will go down (and the money we export to import oil) and oil prices are likely to decline (how much, who knows?), but if the worldwide demand makes up for this, prices are likely to stay high IMHO.
ParticipantGreat post Flinger!!! I agree. I had the same debate with a co-worker. He was saying that the oil companies were gouging us. I asked him if he had an oil well in his back yard, what would he sell his oil for? The market price was his answer. Well, there you go, the market sets the price. The market is NOT the oil companies, they are only producers, the market is ultimately the consumer, and when the consumer is willing to pay high prices for oil, the oil companies are more than happy to sell it to them for that price.
There’s alot of talk about needing to conserve oil here in the US. One problem now is that even if we cut our consumption here in the states, other developing countries are thirsty for oil, which I’d guess will keep the price up. The one good thing that will probably come out of this though is it might change our energy consuming ways a bit, but I wouldn’t equate cutting our consumption to a drop in the world price of oil.
ParticipantFrom what I understand, you can’t just walk away from the primary loan either. Say you owe $600,000 on the loan and you walk away. The bank forecloses and auctions your previous home for $480,000. The bank cannot come after you for the $120,000, but I believe they are required to send the IRS a 1099-C for the $120,000 of cancelled debt which is considered a gain to you.
See requirements for 1099-A and 1099-C in regards to property abandonment and debt cancellation:
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