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February 17, 2013 at 4:44 PM in reply to: what’s the disadvantage of living near a primary school? #759629
spdrun
ParticipantPersonally, short of constant construction (BTDT, ain’t fun) and/or outlaw bikies setting up a clubhouse across the street, who cares about a little noise during daylight hours? Kids walking in the street and playing outside should be normal, not an annoyance — thank G-d that the neighborhood is safe and nice enough for kids to have the opportunity to be out and about.
For the record, my apt building in NYC is between a grammar school and a park with playground and pool. Lots of kids, emo pre-teen skatepunks, etc – it gets to be no big deal after a while, even on summer weekends with windows open.
February 17, 2013 at 2:25 PM in reply to: what’s the disadvantage of living near a primary school? #759627ParticipantIf you have a dog and it bites a kid, you’re more likely to get sued. And kids are more likely to annoy a dog than adults. This was actually a worry for my sister when she was buying her home in D.C.
ParticipantIf you can’t give advice like a normal human without being a sarcastic prick…
February 17, 2013 at 8:29 AM in reply to: People aren’t leaving CA in droves… at least according to the United Van Lines survey #759616ParticipantFact is that CA has a net influx of people. It actually speaks very well to it that people even come from ABROAD to settle there. Think of it as a country with the 8th or 9th biggest economy in the world, that made an unfortunate mistake in joining the rest of the USA in 1849.
February 17, 2013 at 6:13 AM in reply to: People aren’t leaving CA in droves… at least according to the United Van Lines survey #759613ParticipantWhile it is true that our state’s population growth in the decade to 2010 puts us about in the middle of all states, it is due largely to our higher than average birth rate, and our status as destination for immigrants, legal and illegal.
Why are immigrants any less valid than people moving to the state from within the US? My parents were immigrants. Most friends of the family were in the same boat (no pun intended). They worked damn hard and never were a drag upon the government.
ParticipantAnd the pitfalls of bidding on one?
ParticipantInterestingly, there do seem to be quite a few trustee sales in SDCo recently. It’s not postponed, postponed, postponed like before: they actually seem to be going to trustee auction.
Other than making sure the lien is first position, looking for IRS liens, and eviction of any present occupants, what are the pitfalls of bidding on such a property at trustee auction?
ParticipantNot me. I’m making offers remotely in SD on anything that looks like the numbers are good. However, I’m also looking at properties and have an offer on a multi in on the East Coast (NJ).
The way I figure it, even if I end up buying in NJ, if I want to move to CA (or Europe, since it’s in the running for grad studies), I can always find acceptable tenants and dump the thing with a management co. That income + the income from renting my place in NY would easily cover rent anywhere in the US and most places abroad and then some. Plus the properties that I’m interested in on the East Coast are either SFR’s or multis. Meaning that there’s no chance of the HOA going bankrupt or doing something boneheaded that would prevent me from refi’ing. And no HOA-fee/special-assessment risk either.
Things in NJ are looking very similar to the way SD looked in 2009 — the tables are turned. There was a lot more foreclosure inventory in SD in 2011, but almost nil in NJ due to a court decision stalling foreclosures for a year and a half or so. Now the pipeline appears to have unclogged out here while re-clogging in CA. Probably largely due to the Homerenter’s Bill of Wrongs being passed, and banks being unsure what to do with the thing.
ParticipantWhy would a seller give a flying spaghetti frig about some sappy letter? It’s a commercial transaction. The purpose is to obtain cash. The firstest with the mostest wins this game.
The people writing the letters should save their time.
February 16, 2013 at 5:04 PM in reply to: People aren’t leaving CA in droves… at least according to the United Van Lines survey #759593ParticipantNo state except Michigan has actually seen a decrease in population from 2000 to 2010. California is pretty much mid-pack. This isn’t a BAD thing, BTW — sudden growth leads to a lot of problems.
http://www.indexmundi.com/facts/united-states/quick-facts/all-states/population-growth#chart
ParticipantWhy don’t you enjoy your home where/as it is and look for rental property instead? Out of curiosity, where in SD do you live that you need to move right away?
ParticipantOh yeah in the co-ops it’s VERY risky and we don’t rent co-op places even though I have friends that do it successfully but they are mostly renting to the same people.
Depends on the co-op. Some don’t care as long as you don’t rent to idiots who make noise at 4 am on a school night. Others will harass anyone who’s renting just because they can.
ParticipantI can’t imagine that mesothelioma would be much fun. Though I suppose there may be better treatments for it 20-30 years from now.
However, having lived in a building that had asbestos abatement done when the roof was replaces, I may have had my fair share of exposure already, who knows.
ParticipantSpeaking of which, how much do popcorn ceilings cost to remove? Have seen a few condos with the same, and wonder about the possibly asbestos content and attendant removal costs.
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