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NotCranky
ParticipantI bought a short sale in 1995. First offer was a low ball 30% less than list. I had my agent call back a month later and ask what they thought of my offer. They countered verbally with a little over 20% off from where the price was when I had made the offer. We closed escrow in mostly normal fashion. Maybe a few years into this short sales will be working more smoothly. I think the bank has to be ready that’s all. I would not hesitate to do it again for myself or a client. I was lookinng at an REO a few months ago and their were too many people intersted in it so that was a pain. I take the attitude that you never know. and it doesn’t take much to put in an offer. Then I say look at it this way…”If not this something better” and go on about the business of driving a bargain. It always turns out to be something better. It takes work and patience most of the time.
ParticipantStill looking for the scratches on our new stove and fridge that we were given a 40% discount for.
My granite counter tops including island bar costs about $2500 for 60 sq. feet including pretty color coordinated tile back splash all the way up to the bottom of the cabinets. Since it was such a good deal we had the laundry room done for another $300. We used 12×12 granite squares that were discounted to $5 a piece but the manager gave us for $2.50 because they were the last of the lot,and rustico had the nerve to tell them that is what we would take them for. The tile guy bullnosed them. I know it isn’t the right kind or “high end” but I feel smart.
The installation is very good and has the advantage of being easily repairable if a tile does get cracked(which is not likely because they are embeded in cement instead of laying on plastic shims as most slab installations are). The grout joints are barely visible. Most importantly, my wife and I both love the kitchen and the savings(lack of wastefulness(if that is a word?).ParticipantStill looking for the scratches on our new stove and fridge that we were given a 40% discount for.
My granite counter tops including island bar costs about $2500 for 60 sq. feet including pretty color coordinated tile back splash all the way up to the bottom of the cabinets. Since it was such a good deal we had the laundry room done for another $300. We used 12×12 granite squares that were discounted to $5 a piece but the manager gave us for $2.50 because they were the last of the lot,and rustico had the nerve to tell them that is what we would take them for. The tile guy bullnosed them. I know it isn’t the right kind or “high end” but I feel smart.
The installation is very good and has the advantage of being easily repairable if a tile does get cracked(which is not likely because they are embeded in cement instead of laying on plastic shims as most slab installations are). The grout joints are barely visible. Most importantly, my wife and I both love the kitchen and the savings(lack of wastefulness(if that is a word?).ParticipantStill looking for the scratches on our new stove and fridge that we were given a 40% discount for.
My granite counter tops including island bar costs about $2500 for 60 sq. feet including pretty color coordinated tile back splash all the way up to the bottom of the cabinets. Since it was such a good deal we had the laundry room done for another $300. We used 12×12 granite squares that were discounted to $5 a piece but the manager gave us for $2.50 because they were the last of the lot,and rustico had the nerve to tell them that is what we would take them for. The tile guy bullnosed them. I know it isn’t the right kind or “high end” but I feel smart.
The installation is very good and has the advantage of being easily repairable if a tile does get cracked(which is not likely because they are embeded in cement instead of laying on plastic shims as most slab installations are). The grout joints are barely visible. Most importantly, my wife and I both love the kitchen and the savings(lack of wastefulness(if that is a word?).ParticipantDaisyDuke,
I pray everytime I sit down to participate excessively in this blog.
“Please God let this absurd behavior constitute the entirety of my mid-life crisis.No chasing 20 year old girls, no turning gay,no piercings, nothing like that,just blogging and please have me get thru with it soon. Amen.”ParticipantDaisyDuke,
I pray everytime I sit down to participate excessively in this blog.
“Please God let this absurd behavior constitute the entirety of my mid-life crisis.No chasing 20 year old girls, no turning gay,no piercings, nothing like that,just blogging and please have me get thru with it soon. Amen.”ParticipantDaisyDuke,
I pray everytime I sit down to participate excessively in this blog.
“Please God let this absurd behavior constitute the entirety of my mid-life crisis.No chasing 20 year old girls, no turning gay,no piercings, nothing like that,just blogging and please have me get thru with it soon. Amen.”ParticipantHi Alex,
“great read”That is funny you show up and say that ALex. I was about to say it looked like you wrote it!
BTW Alex, I am not your enemy but the things you have been doing and saying or a little off. You had a lot to learn when you got here and it seems you are trying to prove that you didn’t.ParticipantHi Alex,
“great read”That is funny you show up and say that ALex. I was about to say it looked like you wrote it!
BTW Alex, I am not your enemy but the things you have been doing and saying or a little off. You had a lot to learn when you got here and it seems you are trying to prove that you didn’t.ParticipantHi Alex,
“great read”That is funny you show up and say that ALex. I was about to say it looked like you wrote it!
BTW Alex, I am not your enemy but the things you have been doing and saying or a little off. You had a lot to learn when you got here and it seems you are trying to prove that you didn’t.ParticipantThanks for the clarification. I still see bias against and/or misunderstanding of residential RE as an asset class. That is now more easily understood. No offense to Patrick but that is why I blog here. I will check out his site. I am sure he understands the time and principal reduction factors on investment properties better than he conveys in the posted article. I am also sure that he realizes that there is quite possibly going to be subsequent RE bubbles that he can capitalize on if he is not morally against it.
ParticipantThanks for the clarification. I still see bias against and/or misunderstanding of residential RE as an asset class. That is now more easily understood. No offense to Patrick but that is why I blog here. I will check out his site. I am sure he understands the time and principal reduction factors on investment properties better than he conveys in the posted article. I am also sure that he realizes that there is quite possibly going to be subsequent RE bubbles that he can capitalize on if he is not morally against it.
ParticipantThanks for the clarification. I still see bias against and/or misunderstanding of residential RE as an asset class. That is now more easily understood. No offense to Patrick but that is why I blog here. I will check out his site. I am sure he understands the time and principal reduction factors on investment properties better than he conveys in the posted article. I am also sure that he realizes that there is quite possibly going to be subsequent RE bubbles that he can capitalize on if he is not morally against it.
ParticipantSome residential real estate purchases provide moderate to enormous returns and some are money down the drain. I don’t see why anyone would exert so much time with a biased analysis of an asset class and mostly support it on the basis of stupid purchases/loans in a depreciating market and worsening interest rate enviornment, post gigantic bubble. This argument is basically the opposite of the distortion that RE always goes up.
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