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December 17, 2012 at 10:58 AM in reply to: Debate: House prices will not reach their bottoms until #756451
outtamojo
ParticipantI can’t believe you’ve been here for 6 years and not stumbled over this dead horse that’s been beaten to oblivion and beyond. On the other hand, congratulations for starting a housing related thread.
Participant[quote=sdnerd]For those of us that did prepay… what are your plans for taxes? Going to write off the prepayment?
Large chunk of money which would certainly kick in AMT but….
First installment of property taxes are due in a few days, and I’m debating whether or not to eat the late payment and not pay anything until next year to have a bigger write off & net win.[/quote]
I was wondering almost the same thing -if you prepay the MR on a rental how would you do the taxes?
ParticipantWhat chance does anyone have when things never make it to the open market?
http://www.sdlookup.com/MLS-120059730-92078
http://www.sdlookup.com/MLS-120059768-1277_Highbluff_Ave_San_Marcos_CA_92078Participant[quote=flyer]Interesting how this topic comes up almost once a month in some form.
As I know I’ve posted before, I can only speak from the perspective of what I’m actually seeing in the real world with my kids, and their peers, who are now in their mid to late 20’s.
All of my kids went to college, and have done well, but they all had very specific goals when they started, and each knew exactly what they wanted to try to achieve.
On the other hand, many of their friends who also attended college with very specific goals have had problems finding positions in their desired fields. Those who attended with no particular goals in mind, are completely lost.
Sadly, many expected their dreams would be handed to them with little effort on their part, and that has not worked out well. In reality, it seems to be about a 50/50 success rate from what we’ve seen–and that’s being optimistic.
If I were to analyze what gave my kids an edge, I’d have to say it was probably inside connections in their desired fields. Each one of them built amazing connections with people they knew along the way, and we threw in a few, too.
Apart from genius–to which the OP alluded–never underestimate the power of connections. IMO,that single element can really make all the difference in whether your kids live their career dreams or not–with, or without a college diploma.[/quote]
I agree about the connections thing – I’m at this moment watching as a complete moron is a finalist to become CEO where I work. He is the son in law of the former CEO, who left the place in shambles. The BOD was always in the former CEO’s hip pocket.
Participant[quote=CDMA ENG][quote=outtamojo]These guys just don’t get it- college is for meeting chicks.[/quote]
Comp Sci guys meeting chicks?!?
I think you don’t get it.
They were never going to meet chicks in the first place.
CE[/quote]
Are you kidding me? With social media, it is easier than ever for geeky types to meet chicks.
(without having to face them in person.) I know cause my Bro does it all the time. Things go great while there is a firewall between them, but as soon as he actually has to be alone with a chick or even talk on a phone…Participant[quote=CA renter][quote=flu][quote=carlsbadworker]Overleveraged bum-losers are actually doing great and could be the seed of the next RE bubble.
Bruce Norris recently told a story happening in Moreno Valley, a person owed $250K on a 2-bedroom house. It went for $57K to one of the Norris Group’s investors, and the owner was given $25,000 to agree to the transaction. After closing costs, the lender netted $23 grand. But the owner who was current on the payment had $25 grand and was able to go buy another house right away since he was just given the money.
And then Bruce gave an example of someone who bought a house back in February for $205,000. This same house has already gone up to $285,000. When they tell this story to their friends who did not receive an $80 grand increase for anything and they began thinking they need to buy something, eventually that’s how the CA RE cycle runs. It almost never stays in a fair value because you will get people migrate into the state when the RE price is rising rather than the other way around. As a rational person, I cannot understand this but that’s how the process goes.[/quote]
+++ding ding ding…[/quote]
Sounds like fraud to me.[/quote]
It IS fraud, spoken causually because that is the way business is done these days. Pity anyone
looking to buy a place to live these days, the wink wink crowd gets all the pretty shiny places at 2008-2009 prices while the common man gets to tour fixers at full market price.
I am starting to wonder now, how much inventory is held by samll time investor groups along with big time hedge funds. I hope it is not a lot, because hedge funds have a tendency to piss and poop on everybody else.ParticipantThese guys just don’t get it- college is for meeting chicks.
Participant[quote=squat250][quote=Blogstar]I am going to squat 250 in a week or two and then my status will be secure. Actually, since I almost weight that much it won’t be, so I’ll buy a new watch. Of course, I can’t afford much of a watch, so I’ll get my kid to get better grades than your kid.
True, status seeking, or at least an attempt at pecking order status recognition is ubiquitous and probably instinctual. However, I like it when top dogs, like you squat250,manage to be pretty cool and interesting people despite all that.[/quote]
well, thanks. I was sitting outide my inlaws in the yard with my brother in law, his son, and another newphew, and my kid. Me and my kid were squatting on the ground on a concrete ledge. apparent submissive positions, althought hey could have been resting perches.
The brother in law, who is pretty much the alpha out of all of us at the house, was standing in a central position. his son and the other nephew were off to the side. When my brother in law went back inside, instinctively, his son moved from where he was standing to the “power position” his dad had vacated.
My son pointed it out to me–I hadn’t noticed. we were laughing about it after everyone had left for oh, about ten continuous minutes….[/quote]
I have observed these scenes also- the Alpha types tend to like to stand near the food.
ParticipantI was grocery shopping with my daughter the other day and at the checkout stand, they could not figure out the price for a small tub of cotton candy my daughter wanted. The checkout lady says “how about I just charge you 2 bucks for this?”
2 bucks seemed kinda high for me, seemed more like a 99 cent tub so I started negotiating with the lady. This geezer dude behind me then throws down 2 bucks and says very loudly ” HERE,HERE’S 2 BUCKS”. I say no and instruct the clerk to just add it to
my Amex and I leave without looking at or acknowledging the guy cause I was kinda afraid of what I might say or do in front of my sweet 7 year old daughter. Should I have not felt so angry when my daughter asked why is he paying and we didn’t have to get the cotton candy if we didn’t have enough money? Would this geezer have thought to throw down 2 bucks if I had worn a nice watch?ParticipantNobody seems to care about the obvious paper trail
these shady deals leave behind for eternity- I wonder why.Participant[quote=spdrun]Flopping = using dirty tricks to get a bank to accept a SS for much less than real value. Once it’s re-sold by the buyer, the listing broker may (or may not) get a kickback from the buyer.[/quote]
I hear from 2nd and 3rd hand
sources that some realtors form investor groups and take turns giving each other’s investor group short sale bargains while completely shutting out real buyers with higher offers. Yeah I know- boo hoo cry me a river….ParticipantBring on the Slickdeal clearances!
ParticipantAnyone pick up a Core I5 for $100 bucks at the Tustin Microcenter?
ParticipantOh great! Are they going to build dorms there too?
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