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May 6, 2013 at 10:22 AM in reply to: Need Help! Rental Applicant filed a discrimination complaint #761811
SD Realtor
Participanthe chases his tail until he catches it!
ParticipantYup to bad man. We would go down a few hundred miles and just have a blast. Coast side, gulf side, it was a blast. It is really a shame man…I feel bad that I cannot bring my kids down there now. My wife has some other clients of hers that had some bad news stories as well.
All it takes is that one bad thing that can change your life forever.
It just is not worth the risk.
ParticipantI agree with you Allan. It is really unfortunate. Back when I was a young lad… several decades ago, we went to Mexico all the time. Pops and I would go fish regularly. Through college we would go down there alot as well. In the 80’s and early 90’s I would regularly take my family camping as well. We would hit Bahia De Los Angeles and Guerrero Negro.
On the way back from one of those trips in the mid 90s things got sketchy with 3 stops at checkpoints by federales and another stop by people who were not federales but we had no clue who they were. That was our last trip and I have not gone down since. I have a good friend who still went regularly for surf and sailboard runs with his crew. In 2006 they were robbed at gunpoint of everything, boards, trailers, bikes, the entire 9 yards.
It is so beautiful down there and I have so many great memories of the place. I think Econ made good points from a macro-economic point of view. Personally I would never set foot down there again until things change dramatically.
ParticipantThe theory about the banks holding inventory is as wrong as it gets.
May 3, 2013 at 12:09 PM in reply to: Need Help! Rental Applicant filed a discrimination complaint #761769ParticipantGet an attorney. Don’t take advice from an internet blog when it comes to legal matters. You screwed up, you did discriminate. Consider it a lesson learned. Whenever you review lease applications you never EVER make any statements that discriminate in any manner. You never need to give anyone any reasons for your decisions other then, “I am considering other applicants, and if you are accepted I will let you know.”
Finally if you are renting out a 4 bedroom home 2 kids can do as much damage as 7. Adding significant upgrades to a rental property is not a good idea.
April 30, 2013 at 11:43 AM in reply to: Serenity Stonebridge Estate Scripps Ranch Home Pricing #761724ParticipantAgreed. Powerlines alone would be a showstopper. Would not touch it… in this market many will do it, but in a normal market you will suffer on the resale side.
ParticipantI see more people overjoyed that the bank will loan hundreds of thousands of dollars at 3 or 3.5% as opposed to the write off.
ParticipantWhen a realtor enters the listing onto the MLS there are entry fields in the listing template that allow for 3rd party distribution. Most realtors by default always allow for this. You may want to query your realtor about why they did not.
ParticipantArmed with the additional information it sounds like you have a good plan. Your long term path to wealth appears to be through equity trading and you happened to enjoy extraordinary appreciation this year which will be close to impossible to duplicate. Thus your plan to invest your procreeds in something with which you are more comfortable with makes sense for you.
RE in general is a slow plod unless you are good at flipping
. In my case I lose when I venture to equities so the RE path works for me but that is just me. I would point out to you that leveraging in RE is easy and raising cash in what is a phenomally low environment may be something for you to consider. Given the significant appreciation it would seem you could cash out refi and then keep the asset and raise funds for equity but this is a bit riskier and is not for everyone.Best of luck.
As for transaction costs you can easily predict them as lidting agent commission plus selling agent commission. Then add another half to one percent of sales price for othernon recurring fees.
ParticipantI agree with SK. I have seen no significant impact on short sale processing or trustee sale quantity due to any regulatory issues in San Diego county. As SK said the quality of the servicing is mediocre at best. Furthermore there is no urgency at all. The bailouts have happened, the accounting for the distress asset has been completed for the most part.
Why should the servicing happen with any expediency or quality when there is no incentive to do so?
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What I find more often then not is that people generally do not have a long term plan. What is your long term plan? Is it to acquire real estate? Is it to invest in equities? Are you trying to time the real estate market? Are you in the process of acquiring rentals? More often then not people do things because the present conditions. Those conditions may be in their personal life, work life, or external market conditions. So they let the external world guide their process. Other people are the opposite. I think the best way is to have a blend of both, to have a long term plan that guides major decisions however the timing of those decisions will be influenced by the present conditions. As I said earlier, really the only reason to sell now is if you belief the market will depreciate substantially in the NEAR future. Additionally if you do not have a solid plan for what to do with your proceeds then that may not be good.
It sounds to me like you are attempting to be a market timer with respect to the San Diego re market. Nothing wrong with that at all. I have not seen any plausible explanations for what will cause a sudden turnaround and won’t waste time arguing those that I have seen. I don’t agree with the timing but you never heard of anyone going broke selling in hot market. Just don’t do something stupid with the proceeds.
ParticipantReally, I have not heard anyone use the term “normal” to describe this market.
ParticipantMy personal opinion is that I would not sell now but each case has exceptions to it. In general I always advise people who are moving up, to hold the asset and convert it to a rental. If you are looking at it as a wealth building exercise and can accumulate 3 or 4 quality homes in 20 years verses trading a home out over that same period then I would prefer the former over the latter. Of course this is all in the absence of trying to time the market to avoid price distortions. As much as people hate the jargon that the real estate market always appreciates in the long run, it has been a true statement.
Now if you are attempting to be a real estate market timer then you may want to consider selling. It was not hard to forecast the previous crash. The frenzy that we are seeing now is not going to last, however it is not going to be a precursor to any sort of crash either. If you think there will be a substantial depreciation event in the near future then sell now. That is a no brainer. I do not, so I would not.
ParticipantAgreed that breaking stories can become broken stories. I don’t think it would behoove the security agencies for “more reporting” as opposed to less reporting of a sleeper cell. As we have witnessed over the past decade in pretty much every terrorist plot that has been detected prior to that event, those stories died within a day or two as well.
As you and many others may deride Glenn Beck, I find it interesting that nobody has actually refuted what he has said. I guess they don’t feel it is important.
While to you it is not important that someone with a student visa is living in Boston and is at the crime scene while on a student visa to go to school in Ohio, to me it is important. The 9/11 attacks had several terrorists that were also here on student visa’s. So the non story to you is important to me and I would like to know more details about it. Since nobody else is reporting about it, where else can I find out about it but these outlets.
It is just our different perspectives. We have different opinions on the media. My guess is that you believe that if the mainstream media doesn’t report about it, then it is not an issue and that outlets like Fox and people like Beck are right wing crazy’s. You may very well be correct. Mine is that the mainstream media is steeped in political correctness and is almost fearful of the current administration. I don’t bite on everything that Fox or Beck report on but don’t ignore them or laugh them off like everyone else does. Perhaps the truth is in between.
ParticipantThe day of the explosion the “person of interest” was questioned by police. This person was mentioned on all of the news outlets. Two days later none of the media outlets carried that this person was going to be deported due to national security concerns immediately after both John Kerry and the president met with the foreign minister of Saudi Arabia. The following day Janet Napolitano was questioned about this person but gave no information. Yes Glenn Beck has been talking about it.
So your implication is that since nobody else in the media has talked about it then it is of no significance.
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