[Fearful]

[quote=sdrealtor]All things considered I’d call it about 25% off peak.[/quote]

Which is about right, if you think about it, for this point in the unwind.

For people arguing against sdrealtor’s observations: Why would wealth suddenly disappear? Why should it? Where would it go, all of a sudden?

Expect a long, slow grind.

[Fearful]

[quote=sdrealtor]All things considered I’d call it about 25% off peak.[/quote]

Which is about right, if you think about it, for this point in the unwind.

For people arguing against sdrealtor’s observations: Why would wealth suddenly disappear? Why should it? Where would it go, all of a sudden?

Expect a long, slow grind.

[Fearful]

[quote=sdrealtor]All things considered I’d call it about 25% off peak.[/quote]

Which is about right, if you think about it, for this point in the unwind.

For people arguing against sdrealtor’s observations: Why would wealth suddenly disappear? Why should it? Where would it go, all of a sudden?

Expect a long, slow grind.

[Fearful]

Biggest issue with gas work is not the permit or the inspection, it’s the pressure test. You have to shut off all appliances, using shutoff valves located before the appliances, hook up the gauge to the line, leave it pressurized for 24 hours (with air!), and have the inspector verify. It’s a royal pain in the neck for the homeowner.

You may be able to talk the building department into doing the inspection without the pressure test.

Were it me, I would just do it without the permit.

[Fearful]

Biggest issue with gas work is not the permit or the inspection, it’s the pressure test. You have to shut off all appliances, using shutoff valves located before the appliances, hook up the gauge to the line, leave it pressurized for 24 hours (with air!), and have the inspector verify. It’s a royal pain in the neck for the homeowner.

You may be able to talk the building department into doing the inspection without the pressure test.

Were it me, I would just do it without the permit.

[Fearful]

Biggest issue with gas work is not the permit or the inspection, it’s the pressure test. You have to shut off all appliances, using shutoff valves located before the appliances, hook up the gauge to the line, leave it pressurized for 24 hours (with air!), and have the inspector verify. It’s a royal pain in the neck for the homeowner.

You may be able to talk the building department into doing the inspection without the pressure test.

Were it me, I would just do it without the permit.

[Fearful]

Biggest issue with gas work is not the permit or the inspection, it’s the pressure test. You have to shut off all appliances, using shutoff valves located before the appliances, hook up the gauge to the line, leave it pressurized for 24 hours (with air!), and have the inspector verify. It’s a royal pain in the neck for the homeowner.

You may be able to talk the building department into doing the inspection without the pressure test.

Were it me, I would just do it without the permit.

[Fearful]

Biggest issue with gas work is not the permit or the inspection, it’s the pressure test. You have to shut off all appliances, using shutoff valves located before the appliances, hook up the gauge to the line, leave it pressurized for 24 hours (with air!), and have the inspector verify. It’s a royal pain in the neck for the homeowner.

You may be able to talk the building department into doing the inspection without the pressure test.

Were it me, I would just do it without the permit.

[Fearful]

There is no shame in admitting that business idea hypotheses do not work. I have been sitting around since 2007 trying to figure out what opportunities are available. The fact is that economic contractions inherently do not lend themselves to opportunity generation.

The one opportunity you can hope for is out-of-favor assets being sold at substantial discounts. I have used this for personal enrichment, recently buying a luxury car at a remarkable discount. If you buy stocks at “the bottom” you will do well when optimism returns.

Others on this forum have been modestly successful doing foreclosure auction purchases. This is difficult work, as it involves a substantial amount of risk, as the houses are generally purchased almost sight unseen. You will spend a great deal of time doing field work, attempting to gather as much information as possible about the houses before bidding. Often, successful auction investors work in teams – one at the auction, one in an office, and several in the field.

Flipping houses, though, involves substantial inventory risk. The historical perception that there is easy money to be made there comes from inflating asset prices, not from any magical adding of excess value from coats of paint or new flooring. The people doing auction purchases now are well aware that this is likely a transient opportunity.

Regarding your original idea: I applaud your noble intent but have to say you dodged a bullet if you figured out that foreclosed homeowners are people to avoid. Some are earnest and wonderful, but never underestimate the others’ ability to compromise their ethics to serve their own ends, and good luck telling the difference.

– Eric

[Fearful]

There is no shame in admitting that business idea hypotheses do not work. I have been sitting around since 2007 trying to figure out what opportunities are available. The fact is that economic contractions inherently do not lend themselves to opportunity generation.

The one opportunity you can hope for is out-of-favor assets being sold at substantial discounts. I have used this for personal enrichment, recently buying a luxury car at a remarkable discount. If you buy stocks at “the bottom” you will do well when optimism returns.

Others on this forum have been modestly successful doing foreclosure auction purchases. This is difficult work, as it involves a substantial amount of risk, as the houses are generally purchased almost sight unseen. You will spend a great deal of time doing field work, attempting to gather as much information as possible about the houses before bidding. Often, successful auction investors work in teams – one at the auction, one in an office, and several in the field.

Flipping houses, though, involves substantial inventory risk. The historical perception that there is easy money to be made there comes from inflating asset prices, not from any magical adding of excess value from coats of paint or new flooring. The people doing auction purchases now are well aware that this is likely a transient opportunity.

Regarding your original idea: I applaud your noble intent but have to say you dodged a bullet if you figured out that foreclosed homeowners are people to avoid. Some are earnest and wonderful, but never underestimate the others’ ability to compromise their ethics to serve their own ends, and good luck telling the difference.

– Eric

[Fearful]

There is no shame in admitting that business idea hypotheses do not work. I have been sitting around since 2007 trying to figure out what opportunities are available. The fact is that economic contractions inherently do not lend themselves to opportunity generation.

The one opportunity you can hope for is out-of-favor assets being sold at substantial discounts. I have used this for personal enrichment, recently buying a luxury car at a remarkable discount. If you buy stocks at “the bottom” you will do well when optimism returns.

Others on this forum have been modestly successful doing foreclosure auction purchases. This is difficult work, as it involves a substantial amount of risk, as the houses are generally purchased almost sight unseen. You will spend a great deal of time doing field work, attempting to gather as much information as possible about the houses before bidding. Often, successful auction investors work in teams – one at the auction, one in an office, and several in the field.

Flipping houses, though, involves substantial inventory risk. The historical perception that there is easy money to be made there comes from inflating asset prices, not from any magical adding of excess value from coats of paint or new flooring. The people doing auction purchases now are well aware that this is likely a transient opportunity.

Regarding your original idea: I applaud your noble intent but have to say you dodged a bullet if you figured out that foreclosed homeowners are people to avoid. Some are earnest and wonderful, but never underestimate the others’ ability to compromise their ethics to serve their own ends, and good luck telling the difference.

– Eric

[Fearful]

There is no shame in admitting that business idea hypotheses do not work. I have been sitting around since 2007 trying to figure out what opportunities are available. The fact is that economic contractions inherently do not lend themselves to opportunity generation.

The one opportunity you can hope for is out-of-favor assets being sold at substantial discounts. I have used this for personal enrichment, recently buying a luxury car at a remarkable discount. If you buy stocks at “the bottom” you will do well when optimism returns.

Others on this forum have been modestly successful doing foreclosure auction purchases. This is difficult work, as it involves a substantial amount of risk, as the houses are generally purchased almost sight unseen. You will spend a great deal of time doing field work, attempting to gather as much information as possible about the houses before bidding. Often, successful auction investors work in teams – one at the auction, one in an office, and several in the field.

Flipping houses, though, involves substantial inventory risk. The historical perception that there is easy money to be made there comes from inflating asset prices, not from any magical adding of excess value from coats of paint or new flooring. The people doing auction purchases now are well aware that this is likely a transient opportunity.

Regarding your original idea: I applaud your noble intent but have to say you dodged a bullet if you figured out that foreclosed homeowners are people to avoid. Some are earnest and wonderful, but never underestimate the others’ ability to compromise their ethics to serve their own ends, and good luck telling the difference.

– Eric

[Fearful]

There is no shame in admitting that business idea hypotheses do not work. I have been sitting around since 2007 trying to figure out what opportunities are available. The fact is that economic contractions inherently do not lend themselves to opportunity generation.

The one opportunity you can hope for is out-of-favor assets being sold at substantial discounts. I have used this for personal enrichment, recently buying a luxury car at a remarkable discount. If you buy stocks at “the bottom” you will do well when optimism returns.

Others on this forum have been modestly successful doing foreclosure auction purchases. This is difficult work, as it involves a substantial amount of risk, as the houses are generally purchased almost sight unseen. You will spend a great deal of time doing field work, attempting to gather as much information as possible about the houses before bidding. Often, successful auction investors work in teams – one at the auction, one in an office, and several in the field.

Flipping houses, though, involves substantial inventory risk. The historical perception that there is easy money to be made there comes from inflating asset prices, not from any magical adding of excess value from coats of paint or new flooring. The people doing auction purchases now are well aware that this is likely a transient opportunity.

Regarding your original idea: I applaud your noble intent but have to say you dodged a bullet if you figured out that foreclosed homeowners are people to avoid. Some are earnest and wonderful, but never underestimate the others’ ability to compromise their ethics to serve their own ends, and good luck telling the difference.

– Eric

[Fearful]

The tax credit is for new houses, not resales.

[Fearful]

The tax credit is for new houses, not resales.

[Author]

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