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NotCranky
ParticipantThe buyout idea sounds fine it will be easy since she is not on the loan if you want to keep that loan. You will quitclaim her off of title.Just from reading your post one can discern that you are better parted on this issue. The buyout plan sounds reasonable and easy. It doesn’t seem fair to hold her up from selling in a depreciating market or not buy her out,unless you had agreed in writing to hold it until a certain milestone was met.Maybe it would be better for you to take the initiave that you have shown in asking for help here, further and get this over,for your sake as much as hers. If it takes a refinance to buy her out, and you don’t have to confirm or deny that, I suggest you get going after making sure you are comfortable with the higher debt load and if not it looks like you need to sell. Be careful about putting the house on the market and giving up and then trying to refi. Some lenders don’t like that.
That’s just my faceless, nameless, 2cents. Take it for what it is worth.
ParticipantSDR
I think you do a a great job with these spur of the moment suggestons. We don’t really have what we need to put all the pieces together and as you know, even in real life scenarios, it is a process.I just threw the 1031 idea out there because tax consequences came up in the hypothetical sell secenario.ParticipantYes but Jamul has never been very F$%^&*kin strong and the only time it is on fire was when the brush is burning which is not good news.
O.K so inventory there has dropped drastically compared to sales which ave dropped somewhat. You actually have better odds of being the lucky winner in CV this fall(if you have any equity), if you sell(for the moment,if it hasn’t passed).Prices are falling. But as we predicted they are holding up better than other places for now. Maybe you will have the most resilient area after all? That wouldn’t be a big surprise.Have a good day.
ParticipantI am wondering if she could do a 1031,and if there would be any benefits in doing so, with her half of the proceeds. I think she would have to rent out the property she got in the exchange for a period of time, at least a year before she could take it owner occupied. I recall a guy doing this on the buyer’s side of a deal for which I had the listing
I am not sure how much he benefited.Participant8/14/06 pendings were 45
10/3/06 pendings were 39Do you have the active listings as of these dates handy? I wonder how those compare with todays numbers?
ThanksParticipantCongratulations on the baby. It is a fantastic experience INHO. This if the first I take it?
Also, notice that I never engage these ingrates, except with a short quip now and then.
Best wishes to your growing family.
ParticipantTemeculaguy, take this as a fun poke at a couple of us. I think we should have icons that indicate the number of drinks we have had. I think Rich should get to work on that right away.
Problem,it would be embarassing to have all know that I am abstinent,from drinking…most of the time ;).
ParticipantDon’t they need a SSN? Any number or NONE will do.
– They should speak/read/write enough English for the ed to
be useful. Do many illegals fit that? Yes most Mexicans can speak some English. Besides many or the classes are “ESL” English as a second language with emphasis on using the “system” and low level employment skills employment including basic computer usage..– Most illegals come to work; where is the luxury of time to go to school? Dish washers, hotel people, cooks many construction people work second or third shifts. Nights, Saturdays, during layoffs when receiving support from spouses and relatives. When they are married to Americans but still undocumented.
There are educated Brazilians and Japanese on visas and overstaying their visas and getting free education, mostly English. I am happy for them they are either taking English and hopefully something good from our culture home or they are staying here and bringing something good to ours. Lots of happy yankees with Brazilian spouses.Yes it is true we could probably not get free Portuguese lessions in Brazil.
– It must be one generous employer to send those folks to school/pay tuition and what assurance the guy will work for the employer. If the guy was a laborer making $8 and becomes a plumber and can make $25, why would he hang on with the employer?The employers are “partners” with the system on of the most prominent that I know of, “unnamed company” and the hotel chains. The carrot in front of the face of the employee is the promise of promotions INSIDE the company. “Unnamed company”, as far as, I know doesn’t employ illegal aliens but an inside source showed me a document that was a high level agenda to employ English language deficient people at higher levels of production. In other words make an American company more of a exclusive “sweatshop”. The continuing education system is facilitating this probably innocently. There is zero tuition. I don’t know if this company pays or if they are just “good partners” in the community. I am sure their efforts cost them something and you and I too.
– If it is non-credit, usually there is no state support. It is paid for by the student/sponsor.
The budget primarily comes from the state. Many of the students are in fact “sponsored” mostly east Africans at this time. Iraqis next if policy follows a similar path say as Vietnam. Actually we already have a good Iraqi community in San Diego.I notice it most in Rancho San Diego where there is large Chaldean center. They take classes side by side with undocumented individuals.
I hope their is an element of altruism in supporting these new comers. In fact America(governments and corporations) hopes for a return and is doing much of what are original poster is upset about .
I would hope that anyone who expresses hatred for them would at least separate the programs from the people. The saddest part is that I think many still don’t trust us(in part due to attitudes like, the original poster’s being something they face or fear facing, all the time. This crap certainly can’t help us have a better, more cohesive society. As I said on another thread….one should go read the sirnames of the fallen(Americans) in Iraq before going on blabbing about how unfair all of this is.One thing that bothers me about the original post is the the cadence and language used are akin to “Ebonics” while the poem is about about immigrants. I guess the intention is to be inclusive(sic)? We have a serious “home grown” welfare problem eg. Louisiana, racist clowning around isn’t going to help it.
Edit: The funding comes from State, Federal and Non-Profit sources depending on the objective of the class. There classes are also open and free to any of us. There are also quilting classes for elderly, gardening, parenting, parent child classes, almost anything one could think of.
ParticipantYes I know besides a life I should get some sleep.
“Also, if she subletted one room, and “lived” in the other, could she still claim it as a primary residence?”I think you are saying if she lives in the house she has title to and has a roommate can she fully call this a primary residence. Yes. I did this for years and my tax guy said the IRS didn’t want to hear about it because then I could start deducting all kinds of stuff and it would be a wash. The rules probably technically don’t read that way. At the level of economic impact we are talking about,my guess is that nobody cares.
Disclaimer, this is not tax advice this is shared experience only.
Most everything is covered by previous posters.Here are my opinions about the concerns on the condition of the house.
Most of these houses have issues. This is a very old neighborhood and forgive me for saying,also questionable housing stock. They sell all the time. You probably are not going to need to make any more disclosures than the next house and the next house “should be doing”. You are not likely to get in any trouble over unpermitted modifications and I doubt it would change the opinion of the person who would ultimately buy you house at all.If you sell your place definitely have a game plan for how you are going to negotiate around any repair concerns. You might want to put heavy emphasis on “as is” terms. A low LTV buyer might have some issues that have to be repaired due to lender program requirements, but those can usually be accommodated for by not being too flexible on price or alternately you might give a cash buyer a break.
Lots of these houses have water issues from surrounding apartment buildings.In city heights and surrounding areas clay exists right below the surface and the water floats right across the clay after it becomes saturated. Just disclose it.I would even say minimize the measures you have taken against it as much as you can without hiding it completely.This is not to say be dishonest . Just make sure you are not making a mountain out of a mole hill.ParticipantThere are also many illegals(understatement) in non-credit adult ed. This is for the benefit of companies that need trained low skilled labor and probably to some extent our society . The companies contribute to the support of the system but revenue of course comes from taxes. I am not personally bothered by this unless I am grumpy about the benefits to the corporations.
I don’t know if this is still true, but refugees used to get grants to go to college when non -minority and maybe even minority, disadvantaged native borne individuals had to take out loans. This was late 1980’s and I was told by many grant recipients,Vietnamese and African mostly, that they were getting 5k per semester purely based on their refugee status.I also did not have a problem with them recieving it for the reasons Nostradamus pointed out in the first post. I have always been for the underdog anyway and these were all very nice kids.ParticipantSorry missed the criteria ..not a Raider’s fan(neither is Temeculaguy)
ParticipantAllan I think Temeculaguy went to SDSU too. He is also a Raider’s fan. You two have a lot in common.
ParticipantBack on topic: Here is the jacuzzi I am looking for it showed up on craig’s list already!. It’s in Jamul already! If you look closely you can see my house! Sweet serendipity!
http://sandiego.craigslist.org/hsh/441334829.html
OOps asking is too high!ParticipantIs your name Perry? JK. We went to a place in Midway called Faroughs or something like that. It’s very good. One klutz in our party used the vegetarian utensils in a meat dish!My non-vegetarian wife about feinted. I guess the purists wouldn’t eat at a place that served meat though.
I am going to respond to your thread RC when a serious impulse strikes me again. Probably tomorrow, my wife needs the computer after the kids are sleeping. Sorry about the situation.
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