[pinkflamingo]

Thanks for the clarification.

[pinkflamingo]

Rich, is it possible to have a top level forum for Construction/Home Improvement like it did before? Thanks

[pinkflamingo]

More so the price hike from 1M to 3M in less than a year. I wish there were before photos. The remodel looks cosmetic. Hard to judge without before photos.

[pinkflamingo]

I appreciate both points of views. DZ thinks that there will be deflation. Others think that we’ll have inflation and or leveling.

Only time will tell. The Fed’s zero interest rate policy took two years for housing prices to get to this level. Here is an example of the insanity https://www.redfin.com/CA/Encinitas/656-Lomas-de-Oro-Ct-92024/home/4180685

I’m thinking it will take about the same amount of time for it to go down. With a big if. JPow is not PVolker no matter how much he mentions the name.

In the meantime, can we keep the debates cordial?

Lots of name calling on both sides. Can we refrain from typing the word “you”, “you are” or “username” in a response? I think that would help a lot. Keep the rebuttals on ideas instead of people.

@sdr thanks for putting out the data.
@dz thanks for being one of the few deflationist.

[pinkflamingo]

Interesting. Thanks for the detailed explanation.

[pinkflamingo]

Nice! I’m curious as well. What I found so far.

Startups that let you do this. Flyhomes and ribbon. General idea is you pay a little more and they get you a “cash offer”. Not 100% sure how they work.

Not really using cash in a cash offer. From reddit, “They’re providing proof of funds via assets they don’t actually plan to liquidate to purchase the home. EX: I put in a cash offer, proof of funds via my 401k. I am getting a mortgage” I’ve heard OpenDoor has a “cash backed” offer.

Loan against assets.
I’ve heard of people getting loans against their 401k and/or stock portfolios. Is this a new thing? Is it via margin loan or is there a new financial vehicle. I would like to know more about this and what happens if the portfolio falls.

[pinkflamingo]

Thanks Rich. Good to know. Nothing in particular.

[pinkflamingo]

Same thing happened to us. When the economy is good contractors can be extremely picky.

Case in point we hired someone to do a clean up and patch work after a water leak back in 2014, they were very receptive, came right away and we gave them a raving review on yelp. Fast forward 2018, we asked the same company to do a bigger job, to which they replied, the job is too small or we were slightly out of their service area I forget. We responded that the job they did earlier for us was smaller. Realizing that we were a return customer from their early days, they told us they felt bad but that they’ve just gotten too busy.

In terms of no soap, just this year Elizabeth Warren has credited her fountain of youth to never washing her face. I’d always thought she was in her 50’s turns out she’s in her 70’s.

That and we don’t wash cats and dogs every day with soap it would totally ruin their skin/coat. It is a curious strategy. For now, we will stick to non sudsing soaps.

[pinkflamingo]

Our HOA is nuts like that. I’m sure this is the only place where you will you lose your house if you paint it the wrong shade of Beige. I cannot wait to move away from here. With that said, this maybe an interesting anecdote.

Our neighbors some years ago redid their wood siding. He had the city approval with a licensed contractor. The HOA complained that the crack(space) between each wood siding was too tight. I kid you not. To this comment, our neighbor replied, I think maybe your crack is too tight … Then he threatened to sue the HOA for making him devalue his house. I think they left him be.

[pinkflamingo]

sg, I will be sure to check leveling. Thanks for the tip.

[pinkflamingo]

Turns out Zillow has historic rent data. Looking at the 3 areas over the last 8 months doesn’t seem to suggest a noticeable increase in total number of rentals. This leave me to think this phenomenon affects condos and town homes more so than sfh. Unfortunately, I can’t break the data down by type of housing.

[pinkflamingo]

Zillow has been a reliable rental platform for the last 5 years at least. Zillow owns hotpads and trulia and has syndicated listings to these platforms and craigslist. Zillow has owned hotpads since 2012, and trulia since 2014. You can share your zillow listing on cl since 2011.

The recent jump in number of rentals in the last 6 months is probably not due to mass adoption of zillow imo. A range of factors include people wanting larger yards to weather the pandemic, job loses, being able to work remote until 2021, schools being virtual seem more likely.

The anecdotes I pointed out are not sfh. It may be the case that there are more demand for sfh. They are mainly condos and townhomes. With the exception of the sfh in our hood. That particular home may mean fewer families willing to rent expensive houses just to get into a good school district where only virtual school is available. My 2 cents.

I wonder how short term rentals are doin.

[pinkflamingo]

@Hobie

Thanks for your input. That was my concern as well. Is that with solid wood, most recommend putting in plywood which would defeat the purpose. I guess I can select a low VOC plywood, but then why not just select a low VOC engineered floor. This is why I’m leaning towards engineered.

I’ve seen people nail solid wood flooring directly onto sleeper frames with a thin moisture barrier underneath. Insulation is added to prevent the hollow sound. In fact, some gym floors are designed this way. But it suffers the height problem you mentioned. It appears to be the only no glue method I’ve seen.

[pinkflamingo]

@An,

Good to know. Do you by any chance remember what type of membrane you used? I am wondering if quietwalk will do the trick.

[pinkflamingo]

I have noticed that there seems to be more vacancies, e.g., more units listed for rent. And rental units are staying longer on the market.

We’ve had a tenant move out because they wanted a yard, but was able to get it rented. In that same community where normally very few rentals, there are now 5 units listed for rent.

Similarly in OC, the community we rented before we bought our house had 1 unit for rent 7 years ago, now has 15 units listed for rent. Some have sat there for 2 months.

In our current community we saw a house listed for rent and sat there for almost 6 weeks. Where as 2 years ago, it listed for the same price and was gone in a week.

Don’t know if Rich is reading, but I would love to have a graph of number of rentals units by month for this year.

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