[Ricechex]

[quote=4plexowner
some people classify rental units into three categories: A, B and C – an A property is considered a trophy property – something you can brag to your friends about – a B property is considered bread and butter – decent property, decent location but nothing exceptional – a C property is the lowest rung on the ladder – some people would call it slum-lording at the C level

I bought B properties but think there might be more money to be made in C properties – I would never deal with C level tenants personally – if I were going to buy C level units I would have them managed by someone else[/quote]

I do not have the management/investment experience as many on this board, BUT, we have owned a rental house in a C area for 8 years. We keep it up, and respond to tenant problems ASAP. I have found that tenants with dogs on approval are the best bet. Dog owners are more desperate. For over 3 years, I have had a fantastic single woman and her dog and 2 cats. She is clean, pays rent on time, would like to move to better neighborhood, but hears her friends having to move (foreclosures), raised rent (we do not raise rent on current tenants) and has stayed. The tenants I had without dogs, were the worst ghetto group I dealt with—very hard on the place. I find that in this particular C area house, families are much more destructive and unreliable.

Oh, and whoever posted on Jim Kunstler–he is great, I read him too, just ordered his latest book.

[Ricechex]

Same here. I recently signed up for a CC to get some airline mileage. Get the statement, and it is for a limit of 25K! I am wondering if this is good for my FICO, which is quite high. Should I call and have the limit reduced or just cancel the card? I am also a deadbeat, pay off CC every month–have been debt free for years.

[Ricechex]

Same here. I recently signed up for a CC to get some airline mileage. Get the statement, and it is for a limit of 25K! I am wondering if this is good for my FICO, which is quite high. Should I call and have the limit reduced or just cancel the card? I am also a deadbeat, pay off CC every month–have been debt free for years.

[Ricechex]

Same here. I recently signed up for a CC to get some airline mileage. Get the statement, and it is for a limit of 25K! I am wondering if this is good for my FICO, which is quite high. Should I call and have the limit reduced or just cancel the card? I am also a deadbeat, pay off CC every month–have been debt free for years.

[Ricechex]

Same here. I recently signed up for a CC to get some airline mileage. Get the statement, and it is for a limit of 25K! I am wondering if this is good for my FICO, which is quite high. Should I call and have the limit reduced or just cancel the card? I am also a deadbeat, pay off CC every month–have been debt free for years.

[Ricechex]

Same here. I recently signed up for a CC to get some airline mileage. Get the statement, and it is for a limit of 25K! I am wondering if this is good for my FICO, which is quite high. Should I call and have the limit reduced or just cancel the card? I am also a deadbeat, pay off CC every month–have been debt free for years.

[Ricechex]

[quote=Russell][quote=UCGal][quote=SK in CV]

What your are talking about UCgal, has possible shades of ethical gray. The “diner and dasher” didn’t put down a payment for a fine steak and get Hamburger. What if the person feels entitled to use the free rent as repayment of the down payment they were “tricked’ into putting into a good sound investment that wasn’t. What if they feel entitled to recoup just for the inconvenience of it all?

I think some people figured that if they could borrow money, it meant it was a good idea because the great U.S. doesn’t do stupid things.Some people trusted. Stretching things a bit, it was even patriotic to get in game. There must be a reason for it all?

We can’t realistically expect that every bubble buyer had an idea of just how foolish the goings on were or how significant the consequences would be(even though piggs did).I don’t think most were trying to game anything from the onset.

Many of the subprime people were immigrant ,first generation homeowners.Some were just very unsophisticated. All the people “analyst” mentions in his opening thread were goading them into buying and lying to them when they asked questions about the viability or the investment.

Just trying to put myself in someone elses shoes.Not sure I want to blame them for taking a break if it is legal , even though I take the idea of personal ethics very seriously.[/quote]

Russell, I completely concur. I know several people underwater and they are ALL paying their mortgages. Some friends sold a condo and bought a house in 2006, and while in escrow, the lender kept attempting to get them to get a subprime loan, when in fact, they were fully qualified for a 30 year fixed. They were fighting with this lender to stay with the 30 year, and the lender continued to badger them about getting the subprime loan. They switched lenders, got the 30 year fixed, and that was that. Now, how many people could have been snowed with lender’s salespitch to get the subprime loan? This couple happenned to be more knowledgeable and experienced.

[Ricechex]

[quote=Russell][quote=UCGal][quote=SK in CV]

What your are talking about UCgal, has possible shades of ethical gray. The “diner and dasher” didn’t put down a payment for a fine steak and get Hamburger. What if the person feels entitled to use the free rent as repayment of the down payment they were “tricked’ into putting into a good sound investment that wasn’t. What if they feel entitled to recoup just for the inconvenience of it all?

I think some people figured that if they could borrow money, it meant it was a good idea because the great U.S. doesn’t do stupid things.Some people trusted. Stretching things a bit, it was even patriotic to get in game. There must be a reason for it all?

We can’t realistically expect that every bubble buyer had an idea of just how foolish the goings on were or how significant the consequences would be(even though piggs did).I don’t think most were trying to game anything from the onset.

Many of the subprime people were immigrant ,first generation homeowners.Some were just very unsophisticated. All the people “analyst” mentions in his opening thread were goading them into buying and lying to them when they asked questions about the viability or the investment.

Just trying to put myself in someone elses shoes.Not sure I want to blame them for taking a break if it is legal , even though I take the idea of personal ethics very seriously.[/quote]

Russell, I completely concur. I know several people underwater and they are ALL paying their mortgages. Some friends sold a condo and bought a house in 2006, and while in escrow, the lender kept attempting to get them to get a subprime loan, when in fact, they were fully qualified for a 30 year fixed. They were fighting with this lender to stay with the 30 year, and the lender continued to badger them about getting the subprime loan. They switched lenders, got the 30 year fixed, and that was that. Now, how many people could have been snowed with lender’s salespitch to get the subprime loan? This couple happenned to be more knowledgeable and experienced.

[Ricechex]

[quote=Russell][quote=UCGal][quote=SK in CV]

What your are talking about UCgal, has possible shades of ethical gray. The “diner and dasher” didn’t put down a payment for a fine steak and get Hamburger. What if the person feels entitled to use the free rent as repayment of the down payment they were “tricked’ into putting into a good sound investment that wasn’t. What if they feel entitled to recoup just for the inconvenience of it all?

I think some people figured that if they could borrow money, it meant it was a good idea because the great U.S. doesn’t do stupid things.Some people trusted. Stretching things a bit, it was even patriotic to get in game. There must be a reason for it all?

We can’t realistically expect that every bubble buyer had an idea of just how foolish the goings on were or how significant the consequences would be(even though piggs did).I don’t think most were trying to game anything from the onset.

Many of the subprime people were immigrant ,first generation homeowners.Some were just very unsophisticated. All the people “analyst” mentions in his opening thread were goading them into buying and lying to them when they asked questions about the viability or the investment.

Just trying to put myself in someone elses shoes.Not sure I want to blame them for taking a break if it is legal , even though I take the idea of personal ethics very seriously.[/quote]

Russell, I completely concur. I know several people underwater and they are ALL paying their mortgages. Some friends sold a condo and bought a house in 2006, and while in escrow, the lender kept attempting to get them to get a subprime loan, when in fact, they were fully qualified for a 30 year fixed. They were fighting with this lender to stay with the 30 year, and the lender continued to badger them about getting the subprime loan. They switched lenders, got the 30 year fixed, and that was that. Now, how many people could have been snowed with lender’s salespitch to get the subprime loan? This couple happenned to be more knowledgeable and experienced.

[Ricechex]

[quote=Russell][quote=UCGal][quote=SK in CV]

What your are talking about UCgal, has possible shades of ethical gray. The “diner and dasher” didn’t put down a payment for a fine steak and get Hamburger. What if the person feels entitled to use the free rent as repayment of the down payment they were “tricked’ into putting into a good sound investment that wasn’t. What if they feel entitled to recoup just for the inconvenience of it all?

I think some people figured that if they could borrow money, it meant it was a good idea because the great U.S. doesn’t do stupid things.Some people trusted. Stretching things a bit, it was even patriotic to get in game. There must be a reason for it all?

We can’t realistically expect that every bubble buyer had an idea of just how foolish the goings on were or how significant the consequences would be(even though piggs did).I don’t think most were trying to game anything from the onset.

Many of the subprime people were immigrant ,first generation homeowners.Some were just very unsophisticated. All the people “analyst” mentions in his opening thread were goading them into buying and lying to them when they asked questions about the viability or the investment.

Just trying to put myself in someone elses shoes.Not sure I want to blame them for taking a break if it is legal , even though I take the idea of personal ethics very seriously.[/quote]

Russell, I completely concur. I know several people underwater and they are ALL paying their mortgages. Some friends sold a condo and bought a house in 2006, and while in escrow, the lender kept attempting to get them to get a subprime loan, when in fact, they were fully qualified for a 30 year fixed. They were fighting with this lender to stay with the 30 year, and the lender continued to badger them about getting the subprime loan. They switched lenders, got the 30 year fixed, and that was that. Now, how many people could have been snowed with lender’s salespitch to get the subprime loan? This couple happenned to be more knowledgeable and experienced.

[Ricechex]

[quote=Russell][quote=UCGal][quote=SK in CV]

What your are talking about UCgal, has possible shades of ethical gray. The “diner and dasher” didn’t put down a payment for a fine steak and get Hamburger. What if the person feels entitled to use the free rent as repayment of the down payment they were “tricked’ into putting into a good sound investment that wasn’t. What if they feel entitled to recoup just for the inconvenience of it all?

I think some people figured that if they could borrow money, it meant it was a good idea because the great U.S. doesn’t do stupid things.Some people trusted. Stretching things a bit, it was even patriotic to get in game. There must be a reason for it all?

We can’t realistically expect that every bubble buyer had an idea of just how foolish the goings on were or how significant the consequences would be(even though piggs did).I don’t think most were trying to game anything from the onset.

Many of the subprime people were immigrant ,first generation homeowners.Some were just very unsophisticated. All the people “analyst” mentions in his opening thread were goading them into buying and lying to them when they asked questions about the viability or the investment.

Just trying to put myself in someone elses shoes.Not sure I want to blame them for taking a break if it is legal , even though I take the idea of personal ethics very seriously.[/quote]

Russell, I completely concur. I know several people underwater and they are ALL paying their mortgages. Some friends sold a condo and bought a house in 2006, and while in escrow, the lender kept attempting to get them to get a subprime loan, when in fact, they were fully qualified for a 30 year fixed. They were fighting with this lender to stay with the 30 year, and the lender continued to badger them about getting the subprime loan. They switched lenders, got the 30 year fixed, and that was that. Now, how many people could have been snowed with lender’s salespitch to get the subprime loan? This couple happenned to be more knowledgeable and experienced.

[Ricechex]

[quote=Arraya]This week on Palin-talk we discuss what the average partisan likes in a candidate.

Guest 1: I like my candidate refined and intelligent

Guest 2: I prefer my candidates down home and folksy

[/quote]

Funny Arraya! But,does it matter how you like your candidate? Both refined, intelligent VS down home and folksy are bought and paid for. They are equally manipulated and controlled by TPTB. I say it is a wash….

[Ricechex]

[quote=Arraya]This week on Palin-talk we discuss what the average partisan likes in a candidate.

Guest 1: I like my candidate refined and intelligent

Guest 2: I prefer my candidates down home and folksy

[/quote]

Funny Arraya! But,does it matter how you like your candidate? Both refined, intelligent VS down home and folksy are bought and paid for. They are equally manipulated and controlled by TPTB. I say it is a wash….

[Ricechex]

[quote=Arraya]This week on Palin-talk we discuss what the average partisan likes in a candidate.

Guest 1: I like my candidate refined and intelligent

Guest 2: I prefer my candidates down home and folksy

[/quote]

Funny Arraya! But,does it matter how you like your candidate? Both refined, intelligent VS down home and folksy are bought and paid for. They are equally manipulated and controlled by TPTB. I say it is a wash….

[Ricechex]

[quote=Arraya]This week on Palin-talk we discuss what the average partisan likes in a candidate.

Guest 1: I like my candidate refined and intelligent

Guest 2: I prefer my candidates down home and folksy

[/quote]

Funny Arraya! But,does it matter how you like your candidate? Both refined, intelligent VS down home and folksy are bought and paid for. They are equally manipulated and controlled by TPTB. I say it is a wash….

[Author]

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