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no_such_reality
Participant[quote=SD Realtor]I would be curious what kind of reaction to the IRS scandal the media would have had if the IRS was found to be targetting grassroots liberal groups as opposed to tea party .[/quote]
IMHO, the important part of the story is the top of the IRS knew about the targeting while testifying 6 months before the election…
More troubling is as BG notes, whether Fast and Furious or just local cops giving a beat down, our Government at all levels, across all parties is appearing to do whatever they want, however they want and the lie about it however they need to.
ParticipantIf you want some light reading, take a peak at the Grand Jury findings regarding the Department of Health, Department of State and Department of Public Health in Penn’s role in the Gosnell hopefully aberration.
Participant[quote=paramount]
There are a lot of predators and crazies out on the roads.[/quote]Predators and crazies aren’t the danger. The distracted and tired are.
I’ll be honest, I don’t understand the Nissan Leaf. Given SoCal traffic and heat, I can’t imagine most people wouldn’t need to plug it in after their morning commute to not risk running out of ‘gas’ on the way home.
MPGe is a bit laughable too. They use a conversion based on the BTU content of “gallon of gas” but assume a 100% efficiency in the production of electricity.
In the case of renewable like solar that may be true, if you charge during the day, in the case of coal, it’s 33%. Which mean if you’re charging in an area dominated by coal produced power, your real MPGe is 1/3rd…
ParticipantWell, they could do a Ford Escape Hybrid. The cargo issue comes back though. Basically, both it and the Lexus are priuses on a lift kit.
No point in buying a second car, the $4000-$6000 is 5 years of gas.
I did the MPG search when we bought our vehicle, the reality is there are small cars for mileage and as soon as you step away from mileage being the #1 factor, then the other factors greatly trump mileage.
I dumped my SUV for a mini-van. Got the odyssey. Basically it’s a big Accord Station Wagon with power sliding doors.
Six adults, a baby seat and six carefully packed carryon weekend bags. No problem. Road trip, 28 MPG…
ParticipantI’m assuming the bikes will go on a tail hitch. The paddle boards will go on a roof rack. So you really are only talking about room for two dogs.
IMHO, literally any car will do the job. In fact, you might find an actual trunk for your gear much more effective than the back of a 4runner. SUVs have huge cargo space but it’s actually quite ineffective without careful packing. The space things sit on without being piled on top of other gear really isn’t much different than any hatchback or car trunk.
As for mileage, a lot really depends on your drive. Unless you actually drive free range highway, without urban traffic, just erase those highway mileage numbers from your head. Even if you do, subtract 10-20% because the mileage calcs are done at a slower speed.
If you do a lot of surface streets or stop and go, honestly look at a prius or similar, possible the Lexus RX450h hybrid which gets stunningly good (supposedly) MPG.
ParticipantWasn’t that in the news the other week, the money from the Federal government is now allowed to be used for principal reduction. That’s why the big slow down in foreclosures. The banks just take the money straight from the gub’ment and rewrite the loan.
Participant[quote=spdrun]livinincali —
My accepted short sale offer in CA is at a price that allows an ~8% cap at current rents. If rents fall 15%, I’ll still be slightly positive cash flow, and if prices fall 25%, I’ll just see it as one bad mofo of a buying opportunity.
As far as my offers in NJ, the market is near bottom with a bit of a spring bounce here. If I’m buying at close to bottom from the LAST recession, what makes you think that prices will fall any further?[/quote]
I’m curious what you think is going to depress rents 15% in Cali? Double digit unemployment for 4 years hasn’t stopped rent increases.
ParticipantAdame, if you really don’t want to try the landlord thing I would probably sell, and sell now. The market for right priced houses is hot. It might still go higher but it could also cool quickly and already shows signs of doing so.
I wonder where the tipping point is myself, at what point do the prices go up high enough that the seller volume comes back? That’s a primary driver on the mania right now is insanely low level of inventory.
That said, in interest of keeping the property, what about a property management firm? Could it cash flow with a PM in place? If not, then sell, IMHO.
ParticipantReally? He’s talking about trading when it’s 20% over-valued. You really think he’s talking about doing it on an upside down asset?
ParticipantAnd again SK, the person posing the question is none of those or they wouldn’t be posing the question.
Participant[quote=carlsbadworker][quote=SD Realtor]Now if you are attempting to be a real estate market timer then you may want to consider selling. It was not hard to forecast the previous crash. The frenzy that we are seeing now is not going to last, however it is not going to be a precursor to any sort of crash either. If you think there will be a substantial depreciation event in the near future then sell now. That is a no brainer. I do not, so I would not.[/quote]
SDR, on average, what percentage is the transaction cost for $300-400K home? I cannot image being a market timer in real estate given the transaction cost. I am comfortable selling stock if I think it is 20% over-priced, but I am not that comfortable selling real estate at the same over-price ratio, given the transaction cost (including agent commissions, closing costs, repair costs, etc).[/quote]
Why, your transaction cost is actually higher in the stocks unless you’re trading in a 401K or IRA
On a cash deal, the transaction cost runs around 6%. If you’ve live in the home 2 years, it’s tax free.
Sell you stock for a 30% gain and you’ll pay 30% of the 30% (9%) in taxes.
ParticipantOh, I agree and I wish I had done more.
But for a first time and for a person saying “I don’t want to be a landlord” then selling means his money is going to end up somewhere else.
Having some experience as a landlord is critical before horsetrading.
Participanthorse trade away Casey.
ParticipantRoll back the discussion to the level of the original question.
KISS it and once you understand why the KISS isn’t absolute, you know enough not to ask the question.
Until then, bird in hand is the best advice.
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