[EJ]

I believe the listing agent (who was also my buyers agent) knew about the flooding and did not tell me. He hired the contractors to do the repairs based on what my neighbors have told me. The house came with new carpet and paint which covered up the damage (for which the LA also hired the contractors), which is why the inspector couldn’t find anything.

The documents I signed release the OWNER from disclosure obligations with the reason stating that they never lived there. However, they did know about the flooding since they paid to remedy the problem. Regardless, my main beef is not with the owner but the LA.

The LA signed documents saying he would represent my best interest, which he clearly did not if he knew about the flooding and did not tell me. My main question to the board is: If he knew about the flooding and did not disclose, is this illegal? If he did know about the flooding and I can prove via statement from the contractor about who hired them, would I have a case?

Honestly, I don’t care if legal fees eat up all of any potential settlement. I just don’t want the agent profiting illegally and hopefully give him some incentive to honor his obligations as an agent in the future.

[EJ]

OK, I guess I’ve been wasting my time the last 20 years. I will ignore all that I have learned, and join the recent cross-fit fad and start doing squats until my back gives out.

I usually only strength train 1-2x per week. I have a bunch of much more fun activities (surfing, volleyball, tennis, snowboarding, etc.) that I use the strength training to supplement, particularly in the winter months.

To each their own … just keep it down in the gym.

[EJ]

I am not doing squats because I am nervous to injure my lower back (again). I do seated leg presses at 150-200% body weight.

If you are just doing squats and a few other core exercises, I would suggest buy a bar and weights and do it at home. Then you could grunt and yell all you want.

I am not saying grunting doesn’t help the lift, it is just annoying for everyone else.

[EJ]

To the OP:

No, unacceptable. It is annoying and distracting. Figure out how to breathe heavy without making a bunch of noise or work out at home.

BTW, I do low rep strength training and manage to do it quietly at the gym.

cheers,
EJ

[EJ]

I think there are some grains of truth hidden in the fluff. SD was ahead of the curve (time-wise) on the way down and it makes sense to me that it would be one of the first to stabilize. I don’t think there will be any major (or minor for that matter) appreciation in prices anytime soon. I also don’t think there will be another 40% leg down like there was in ’07-’08. I believe prices are starting to stabilize, I would be surprise to see them move more than 5-10% in either direction over the next few years.

Disclaimer: I closed on my house in Oct last year, so my opinions are loaded with confirmation bias 😉

[EJ]

I think there are some grains of truth hidden in the fluff. SD was ahead of the curve (time-wise) on the way down and it makes sense to me that it would be one of the first to stabilize. I don’t think there will be any major (or minor for that matter) appreciation in prices anytime soon. I also don’t think there will be another 40% leg down like there was in ’07-’08. I believe prices are starting to stabilize, I would be surprise to see them move more than 5-10% in either direction over the next few years.

Disclaimer: I closed on my house in Oct last year, so my opinions are loaded with confirmation bias 😉

[EJ]

I think there are some grains of truth hidden in the fluff. SD was ahead of the curve (time-wise) on the way down and it makes sense to me that it would be one of the first to stabilize. I don’t think there will be any major (or minor for that matter) appreciation in prices anytime soon. I also don’t think there will be another 40% leg down like there was in ’07-’08. I believe prices are starting to stabilize, I would be surprise to see them move more than 5-10% in either direction over the next few years.

Disclaimer: I closed on my house in Oct last year, so my opinions are loaded with confirmation bias 😉

[EJ]

I think there are some grains of truth hidden in the fluff. SD was ahead of the curve (time-wise) on the way down and it makes sense to me that it would be one of the first to stabilize. I don’t think there will be any major (or minor for that matter) appreciation in prices anytime soon. I also don’t think there will be another 40% leg down like there was in ’07-’08. I believe prices are starting to stabilize, I would be surprise to see them move more than 5-10% in either direction over the next few years.

Disclaimer: I closed on my house in Oct last year, so my opinions are loaded with confirmation bias 😉

[EJ]

I think there are some grains of truth hidden in the fluff. SD was ahead of the curve (time-wise) on the way down and it makes sense to me that it would be one of the first to stabilize. I don’t think there will be any major (or minor for that matter) appreciation in prices anytime soon. I also don’t think there will be another 40% leg down like there was in ’07-’08. I believe prices are starting to stabilize, I would be surprise to see them move more than 5-10% in either direction over the next few years.

Disclaimer: I closed on my house in Oct last year, so my opinions are loaded with confirmation bias 😉

[EJ]

So ballpark 80k after taxes. Annual income of ~1.8k.

1.8/80 = 2.25%

If you assume no appreciation or depreciation on the house (fair assumption for next few years I think), then if you can find an investment with a low-risk return greater than 2.25%, your money is better off there.

Just another way to look at it …

[EJ]

So ballpark 80k after taxes. Annual income of ~1.8k.

1.8/80 = 2.25%

If you assume no appreciation or depreciation on the house (fair assumption for next few years I think), then if you can find an investment with a low-risk return greater than 2.25%, your money is better off there.

Just another way to look at it …

[EJ]

So ballpark 80k after taxes. Annual income of ~1.8k.

1.8/80 = 2.25%

If you assume no appreciation or depreciation on the house (fair assumption for next few years I think), then if you can find an investment with a low-risk return greater than 2.25%, your money is better off there.

Just another way to look at it …

[EJ]

So ballpark 80k after taxes. Annual income of ~1.8k.

1.8/80 = 2.25%

If you assume no appreciation or depreciation on the house (fair assumption for next few years I think), then if you can find an investment with a low-risk return greater than 2.25%, your money is better off there.

Just another way to look at it …

[EJ]

So ballpark 80k after taxes. Annual income of ~1.8k.

1.8/80 = 2.25%

If you assume no appreciation or depreciation on the house (fair assumption for next few years I think), then if you can find an investment with a low-risk return greater than 2.25%, your money is better off there.

Just another way to look at it …

[EJ]

If you are using the loss as a deduction, I believe it will be subtracted from your I side of the DTI ratio. I had a home office deduction on my taxes that was deducted from income for the DTI calc. I closed in Oct, and they were pretty thorough in the underwriting.

Talk to a pro about current standards. Sheldon helped me get my finance documents in order well ahead of going into escrow (also because I was so picky about finding a house). Be sure your DP is seasoned and you don’t have any bank deposits other than your W2 income (if possible). I was cashing my girlfriends rent contribution at the time, so I wouldn’t have any deposits.

However, I am not sure if there are guidelines about heavy gambling wrt credit worthiness.

Is he playing poker? I would like to get some of that $7500 😉

[Author]

Posts