[EconProf]

One observation:
If possible, buy for all cash and get several advantages:
1. Better price because you can close fast & sellers want assurance you can perform. Cash is king.
2. Avoids all the junk fees associated with the purchase (and the eventual sale), the discriminatory interest rate charged to investors, impounds, appraisals, etc. etc.
Also on a strict cash-on-cash basis, this compares well with your puny 1 – 3% you may be earning on a pile of liquidity you are waiting to invest. A $100k condo or a $200k house will get your cash earning 5 – 7% plus any appreciation (or depreciation!).

[EconProf]

One observation:
If possible, buy for all cash and get several advantages:
1. Better price because you can close fast & sellers want assurance you can perform. Cash is king.
2. Avoids all the junk fees associated with the purchase (and the eventual sale), the discriminatory interest rate charged to investors, impounds, appraisals, etc. etc.
Also on a strict cash-on-cash basis, this compares well with your puny 1 – 3% you may be earning on a pile of liquidity you are waiting to invest. A $100k condo or a $200k house will get your cash earning 5 – 7% plus any appreciation (or depreciation!).

[EconProf]

One observation:
If possible, buy for all cash and get several advantages:
1. Better price because you can close fast & sellers want assurance you can perform. Cash is king.
2. Avoids all the junk fees associated with the purchase (and the eventual sale), the discriminatory interest rate charged to investors, impounds, appraisals, etc. etc.
Also on a strict cash-on-cash basis, this compares well with your puny 1 – 3% you may be earning on a pile of liquidity you are waiting to invest. A $100k condo or a $200k house will get your cash earning 5 – 7% plus any appreciation (or depreciation!).

[EconProf]

One observation:
If possible, buy for all cash and get several advantages:
1. Better price because you can close fast & sellers want assurance you can perform. Cash is king.
2. Avoids all the junk fees associated with the purchase (and the eventual sale), the discriminatory interest rate charged to investors, impounds, appraisals, etc. etc.
Also on a strict cash-on-cash basis, this compares well with your puny 1 – 3% you may be earning on a pile of liquidity you are waiting to invest. A $100k condo or a $200k house will get your cash earning 5 – 7% plus any appreciation (or depreciation!).

[EconProf]

You and the neighbors can sue them as a neighborhood nuisance that is hurting your quality of life. I and a bunch of my tenants did it successfully years ago in a Normal Heights rental complex I owned. The Apt. building next door had years upon years of drug dealing, junked cars, trash, noise, crime, police visits, etc.
Under a San Diego program I hope is still in place, we kept logs, photographs, police report logs, & other evidence of the neighborhood disruption (what we economists call negative externalities) as spewed by the nonresponsive and utterly indifferent owner/landlord.
Went to court, won. Every tenant participating got from several hundred $ to several thousand, based on proximity to the problem.
That was soooo satisfying.
The problems abated, somewhat. Had they continued, we could have repeated the process.

[EconProf]

You and the neighbors can sue them as a neighborhood nuisance that is hurting your quality of life. I and a bunch of my tenants did it successfully years ago in a Normal Heights rental complex I owned. The Apt. building next door had years upon years of drug dealing, junked cars, trash, noise, crime, police visits, etc.
Under a San Diego program I hope is still in place, we kept logs, photographs, police report logs, & other evidence of the neighborhood disruption (what we economists call negative externalities) as spewed by the nonresponsive and utterly indifferent owner/landlord.
Went to court, won. Every tenant participating got from several hundred $ to several thousand, based on proximity to the problem.
That was soooo satisfying.
The problems abated, somewhat. Had they continued, we could have repeated the process.

[EconProf]

You and the neighbors can sue them as a neighborhood nuisance that is hurting your quality of life. I and a bunch of my tenants did it successfully years ago in a Normal Heights rental complex I owned. The Apt. building next door had years upon years of drug dealing, junked cars, trash, noise, crime, police visits, etc.
Under a San Diego program I hope is still in place, we kept logs, photographs, police report logs, & other evidence of the neighborhood disruption (what we economists call negative externalities) as spewed by the nonresponsive and utterly indifferent owner/landlord.
Went to court, won. Every tenant participating got from several hundred $ to several thousand, based on proximity to the problem.
That was soooo satisfying.
The problems abated, somewhat. Had they continued, we could have repeated the process.

[EconProf]

You and the neighbors can sue them as a neighborhood nuisance that is hurting your quality of life. I and a bunch of my tenants did it successfully years ago in a Normal Heights rental complex I owned. The Apt. building next door had years upon years of drug dealing, junked cars, trash, noise, crime, police visits, etc.
Under a San Diego program I hope is still in place, we kept logs, photographs, police report logs, & other evidence of the neighborhood disruption (what we economists call negative externalities) as spewed by the nonresponsive and utterly indifferent owner/landlord.
Went to court, won. Every tenant participating got from several hundred $ to several thousand, based on proximity to the problem.
That was soooo satisfying.
The problems abated, somewhat. Had they continued, we could have repeated the process.

[EconProf]

You and the neighbors can sue them as a neighborhood nuisance that is hurting your quality of life. I and a bunch of my tenants did it successfully years ago in a Normal Heights rental complex I owned. The Apt. building next door had years upon years of drug dealing, junked cars, trash, noise, crime, police visits, etc.
Under a San Diego program I hope is still in place, we kept logs, photographs, police report logs, & other evidence of the neighborhood disruption (what we economists call negative externalities) as spewed by the nonresponsive and utterly indifferent owner/landlord.
Went to court, won. Every tenant participating got from several hundred $ to several thousand, based on proximity to the problem.
That was soooo satisfying.
The problems abated, somewhat. Had they continued, we could have repeated the process.

[EconProf]

There may be no more incompetent and dishonest bank than Chase.
My relative has been trying to get them to live up to their promises and assurances since last August. She has spend countless hours on the phone with their loan servicing department since they took over WaMu. They continually screw up in mailing things they promised, they bounce your calls to different departments, they can’t reveal certain things to their own customers, they give different advice depending on who you talk to, they take forever to answer their phones, etc, etc.
Short this stock!

[EconProf]

There may be no more incompetent and dishonest bank than Chase.
My relative has been trying to get them to live up to their promises and assurances since last August. She has spend countless hours on the phone with their loan servicing department since they took over WaMu. They continually screw up in mailing things they promised, they bounce your calls to different departments, they can’t reveal certain things to their own customers, they give different advice depending on who you talk to, they take forever to answer their phones, etc, etc.
Short this stock!

[EconProf]

There may be no more incompetent and dishonest bank than Chase.
My relative has been trying to get them to live up to their promises and assurances since last August. She has spend countless hours on the phone with their loan servicing department since they took over WaMu. They continually screw up in mailing things they promised, they bounce your calls to different departments, they can’t reveal certain things to their own customers, they give different advice depending on who you talk to, they take forever to answer their phones, etc, etc.
Short this stock!

[EconProf]

There may be no more incompetent and dishonest bank than Chase.
My relative has been trying to get them to live up to their promises and assurances since last August. She has spend countless hours on the phone with their loan servicing department since they took over WaMu. They continually screw up in mailing things they promised, they bounce your calls to different departments, they can’t reveal certain things to their own customers, they give different advice depending on who you talk to, they take forever to answer their phones, etc, etc.
Short this stock!

[EconProf]

There may be no more incompetent and dishonest bank than Chase.
My relative has been trying to get them to live up to their promises and assurances since last August. She has spend countless hours on the phone with their loan servicing department since they took over WaMu. They continually screw up in mailing things they promised, they bounce your calls to different departments, they can’t reveal certain things to their own customers, they give different advice depending on who you talk to, they take forever to answer their phones, etc, etc.
Short this stock!

[EconProf]

Don Bauder has responded and says he will look into this.

[Author]

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