Forum Replies Created
-
AuthorPosts
-
no_such_reality
ParticipantI know many on the board thinking rental properties could do it, but I think this is a first home for them.
I don’t want to put words in his mouth, but bandying $70K downpayment and up front $12K cash for 6 months rent starts to sound like real money, particularly for someone doing first home and saying paycheck to paycheck.
That’s $82K to whip out without bleeding their emergency funds dry.
ParticipantYea, buy, live, move. That’s fair. I wouldn’t call that lying. Nor would I call taking the job and deciding it’s not for you lying either. Even if only for 180 days. Maybe even 90 days. If it’s not for you, it’s not for you.
He’s still have the challenge moving out of the place in Vista. Landlords may squeak on his cashflow. Buying until that rent is establish, still stands.
Can I really net $10-$15K or is it gross? That place going to rent for $2500 a month with essentially no expenses other than PITA? I may need to look south! That’s a 16% COC return.
Participant[quote=spdrun]You LIE. Take the job in Phoenix, buy something that’s suitable as a rental, get yourself fired, then rent it out and hightail it the hell back to CA. (And yes, you’ll pay a higher rate to get that flexibility, but it’s worth it.)
Also, if he can buy $350k of property in Phoenix, he can do the same in Escondildo or Visduh. Rent expense doesn’t count if you’re officially buying a primary.[/quote]
So you’re saying what I said. Go, try it. Decide you like it or not.
And yes, he could buy a $350K place here too. He said that. I think he implied $350K isnt’ that great. Or yea, he could move to Visduh. Now what’s the real difference between Visduh and Phoenix?
IMHO, if you don’t live within bike riding distance of the beach, the reality is most people are lucky to go once or twice a year. Surfers included, it’s amazing how many surfboards you see in garages East of I5 versus how many you see driving down to the beach from east of the I5…
And call me old fashion, I try to minimize my options that start out “you LIE” 🙂
Participant[quote=spdrun]So your argument mainly has to do with real estate costs. Why not just stay in CA and buy rentals in an area that has a more favorable buy-to-rent ratio, using the income from them to finance a better lifestyle in CA?[/quote]
Probably because he’s struggling to pay rent now. That’s the pay-check to pay-check line and $2000/rental. You can’t get financing for a rental purchase if your debt to expense ratio on living is already too high. They won’t count rental income until it’s established. So buying to back fill his living expenses isn’t likely an option.
So I have a friend that left seven years ago, still happy.
Do your pro-con to moving.
To be honest, since you don’t own a home now, the only con I see to trying the move is the age of your children and potential distance then to family.
Go, decide if you like it and stay, decide you don’t like it, move back. A 1000sf place packs easily into a U-haul.
Participant“That’s what’s so disturbing, that they would fire so many rounds,” he told The Times. “It sounded like the Fourth of July.”
Sidio, 58, who described himself as a strong supporter of law enforcement, said he was concerned that the officers fired numerous rounds in an area filled with families and children.[/quote]
I suppose that explains why the cops aren’t really sure how many shots were fired… Obviously the neighbor is just another cop hater. /sarcasm
Participant[quote=sdsurfer]I think he said North Phoenix…is that the epicenter of the dump of unpleasantness? Maybe everyone that moved there expected more and ended up with a nice quarter acre lot on the sun so they are unhappy about it?[/quote]
North Phoenix is California east. Phoenix area in general has a real problem with Californians coming and bringing the California nuttery they want away from with them.
Arizona versus Cali:
Housing, cheaper, way cheaper.
IncomeTaxes, cheaper, top marginal rate is like 4.5%
Sales tax, cheaper, 6% versus 8%
Property taxes, a bit higher.
Electricity, about 25% cheaper, but you use more so closer to a wash. No solar rebates, foot the bill yourself, it’ll pay.
GDP, lower overall but higher per Capita. They have 1/6th our population and 1/4th our GDP
Gas, lower, about 10%
Food, higher, about 10% Meat is shockingly expensive in Phoenix for some reason.
Wages anywhere from 25% less to on par depending on skill.ParticipantParticipantHey, it’s their house, they can spend it any way they want.
They also can just STFU when they can’t afford the payments and the bank comes and takes it.
Participant[quote=flu][quote=no_such_reality]LOL flu, take another look at that Blue Toyota and tell me he’s going to make it to a court of law.[/quote]
No, I didn’t say he was… But, that in itself is an issue.[/quote]
People need to take a good look at that Toyota and think about what it really says about the LAPD.
(Then we can have a 2nd discussion about how they managed to hit the two occupants ONCE).
ParticipantLOL flu, take another look at that Blue Toyota and tell me he’s going to make it to a court of law.
Participant[quote]
In pictures shown on the show, the Post-It note reads, in part: “I never lied! Here is my vindication. Evans kicked the suspect.” The DVD, Cooper said, contains testimony that appears to corroborate Dorner’s claims.The note appears to be in reference to an incident that led to Dorner’s firing from the LAPD. Dorner alleged that he had witnessed his law enforcement partner, Teresa Evans, kick a mentally ill man while he was handcuffed. Investigators concluded there was no truth to Dorner’s claim. A discipline board found that Dorner had lied about the incident and fired him. LA Times Link[/quote]
Who knows could just be the handcuffed guys claim or could be something else. Will the media dig in or sweep it away?
No Flu, the Tacoma was shot by LAPD in Torrance. On “protection duty”. The Gray Ridgeline was shot by Torrance PD.
Participant[quote=desmond]btw, what is that Gorilla doing sitting over in the corner of the room? Where is all the outrage of the gun control crowd now? now that you need a very large gun with lots of bullets to defend yourself?? Please talk about semi-automatic assult weapons that do not have a purpose, or something else that will make you feel good about this story….[/quote]
Is that a 46 on the placard on the ground? I saw three shotgun shells in yesterday’s photo, that would likely be 27 double aught buckshot. That just leaves 19 other shots to count.
The Honda Ridgeline on the news showed three shots through the front windshield this morning and air bags deployed.
Note, LA Times is saying the two women we 71 and 47.
ParticipantYea, I tend to pick tools up from them for projects. Basically, I need a tool for the project. The next time I’m going to use that tool is the next time I have a similar project, which is maybe never and easily more than a year or more away.
Why buy? Well, I can buy it cheaper than I can rent it from HD.
ParticipantThe Police are supposedly on the lookout for a White Lexus, last seen near Barstow.
May not be a good day to drive a white car in the IE.
Dorner is in the wrong. He’s allegedly killed a person’s daughter for what he blames the father. You don’t get more wrong than that.
That said, the police actions and continued declaration of the Chief in LA saying the police opened fire on a vehicle matching the suspects vehicles description is disgusting. It’s a full size truck versus a compact truck. Plus, I’ve now heard reports that the two women are really, woman and her 7 year old daughter.
I heard the news this morning mention that Anderson Cooper supposedly said there are scenes on the DVD he was mailed that appears to support Dorner’s claim that the suspect was kicked.
And just remember, due to the Peace Officer Bill of Rights, you don’t have the right to know anything they determine of the alleged events in regards to the officers.
Maybe we need to add a poll, are you more concerned about getting injured by Dorner or are you more concerned about getting injured by police reaction.
-
AuthorPosts
