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paramount
Participant[quote=sdduuuude]Just back from vacation and caught this just before it dropped off the active forum list.
I thought this was an awesome interview and explains my trepidation with the general economic situation and provides good reasons to not underestimate the long-term effects of macroeconomics on our local housing markets.
I have seen this guy talk before and believe he understands the political-economic climate in the US as well as anyone and does a great job of explaining it.[/quote]
I agree, but I also think this guy (Stockman) is a globalist.
July 24, 2012 at 12:24 AM in reply to: The Securitization of Rental Properties: REO to Rental #748826Participant[quote=flu]old news.[/quote]
Seriously? I just heard about it today.
Participant[quote=SK in CV]
It’s been reported that all gun purchases were perfectly legal, so why would the gun dealers have to answer to anyone, beyond that?
[/quote]
May be this was covered, but where would he have gotten the money for all of the equipment, including the tactical gear?
Campus credit cards? Student loans?
Some other source?
I’m sure someone is following the money.
ParticipantMany shrewd, dishonest people out there.
Owning so-called investment properties is definitely not for everyone.
In Temecula, as “investors/sharks” have come in and bought up short sales and foreclosures the market has become flooded with available rental properties.
This has led to all sorts of interesting consequences IMO, including an out-of-balance rental market.
May be time to exit…
ParticipantPart of the lease termination included the following language:
Provides a servicemember who receives permanent change of station orders or who is deployed to a new location for 90 days or more the right to terminate a housing lease.
I’m not going to try and stand in their way, I just want to make sure everything is legal.
Participant[quote=flu][quote=paramount]There is a back story to all of this:
In early July I decided to terminate the management contract on my property; for a number of reasons but mainly b/c I no longer trusted them.
Then I noticed the management company had not disbursed the rental income to my account. So I call them and they state that since I had cancelled my contract, they would need to hold the rent money until they determined that I did not owe them money.
Then that same day, I get the email notice from my tenant.
Specifically that the lease was being terminated under the SCRA (Service Members Relief Act).[/quote]
Is the person going to service? If so, you probably should just let it go…If the guy/gal has a valid reason, maybe it’s just better to cut the person some slack….
Sounds like you had a really shitty management company.[/quote]
No. My best guess is that it’s being used to get out of the lease. There was recently a string of robberies in the area of my property, and in fact it’s possible that my property was targeted.
I believe the perps were caught, however reportedly tenant is spooked.
ParticipantThere is a back story to all of this:
In early July I decided to terminate the management contract on my property; for a number of reasons but mainly b/c I no longer trusted them.
Then I noticed the management company had not disbursed the rental income to my account. So I call them and they state that since I had cancelled my contract, they would need to hold the rent money until they determined that I did not owe them money.
Then that same day, I get the email notice from my tenant.
Specifically that the lease was being terminated under the SCRA (Service Members Relief Act).
ParticipantGive me a break…as Roubini stated a few days ago the Perfect Economic Storm is forming and we are on a crash course!!
Participant[quote=flu]At this point, does it matter? Just get the tenant out as fast as you can…[/quote]
True
Participant[quote=flu]At this point, does it matter? Just get the tenant out as fast as you can…[/quote]
True
July 17, 2012 at 11:09 PM in reply to: How to Get Home Inspector to Make Buyer’s Best Interests A Top Priority #748284Participant[quote=Jacarandoso]Hire a foundation inspector and an electrical inspector and a plumber and a carpenter and a roofer and a …..[/quote]’
And the above basically sums why home inspections are a scam; you pay some a$$ clown who barely knows anything $300/hr for basically nothing – except a phony way to extort money from the seller.
July 17, 2012 at 8:47 PM in reply to: OT: San Bernardino votes to file for bankruptcy protection #748277ParticipantHow close are we to the new depression (video)?
http://www.cnbc.com/id/48193471
The Collapse is on the way (Peter Schiff):
ParticipantGreat site to browse watches
http://www.worldofwatches.com/?rid=google&gclid=CJ2uuZn4n7ECFQOEhwodYCc3Ww
July 16, 2012 at 6:02 PM in reply to: OT: San Bernardino votes to file for bankruptcy protection #748155ParticipantFact: The San Bernardino City Council was installed by Public Employee Unions.
Fact: San Bernardino Council members were then owned by the public employee unions.
The San Bernardino Council members then eagerly agreed to incredible/unbelievable compensation packages for cops and firefighters who then promptly bankrupted the city.
That’s it…really isn’t any more complicated than that.
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