[spdrun]

“Looked to be MJ” – could have been a home-rolled cigarette. Innocent ’till proven … … … ?

[spdrun]

Jeez, cut the snarkasm. It’s different for a worker to have *a* beer at lunch vs showing up on the shop floor unable to walk straight.

[spdrun]

If it’s good enough for German factory workers (known for their quality work), I don’t see American workers drinking a beer over lunch as horrible. There are a hundred other reasons why US auto quality isn’t as good as it can be. This ain’t one of ’em.

Again: American Puritanism talking and nothing else.

[spdrun]

Yadda, yadda, yadda. Having a beer during lunch isn’t the end of the world (I’ve had harder during a working lunch).

Just American Puritanism talking here.

[spdrun]

People move between gov’t and private industry and vice versa. News at 11.

[spdrun]

Except that lower home prices will increase cap rates as well, assuming rents stay constant. Making housing STILL a good investment.

[spdrun]

Speaking for myself, if I could make a profit selling to my tenants, I could also refi and buy more property.

Predictible income by being a rentier rocks the socks off of holding cash.

[spdrun]

At this point, I don’t care either way.

Plenty of inventory ripe for the picking where I am, and a change of appreciation/lower inventory in 6-12 months as people affected by Sandy get back on their feet.

[spdrun]

Comps in the last year seem to be within +/- 10% of my offer. Some sold at the price that was the full ask, some sold 10% below my offer price. Bit of a crap shoot.

No idea what the bank will do with the offer, but it’s nice to see some action from the seller at least. If this doesn’t work out, there are plenty of foreclosures/shorts in the Northeast right now that pay 8-9% cap, so I’m not worried.

[spdrun]

^^^

Look for a crooked broker?

[spdrun]

I tried to put another on a 1/1 in MM recently that was asking around $135k.,..full price cash offer just for kicks…It would have just been so-so as an investment, but what the hell I thought. I think my offer went in day after it was listed or close to that. Anyway, ended up I was the 6th offer…..and that was even before any showing or the open house that was being done that weekend…Yup… Didn’t get a counter or anything (not that I would have entertained any counter above asking there)…

Patience … a lot of games are being played these days. I put an offer on a 1/1 two months ago, 10% below ask. Broker said I had no chance on getting it accepted at below ask. Two weeks ago, I got a call, and it’s now been submitted to the bank for SS approval.

Just because some people throw a cash offers out there doesn’t mean they can (or are even willing) to perform. Quite a few people are putting 10 offers on different short-sold places seeing which one actually gets approved by the bank.

[spdrun]

As far as the entitlement gap, redesign the system to taper entitlements rather than removing them at a given cutoff income. Problem solved. As much as I hate dirty bathwater, I’d hate to flush a baby or two down the drain with it 🙂

[spdrun]

Alarmist title.

What it would allow is for STATES to collect their sales taxes on their residents, irrespective of a mail-order house having a presence in said state. As it stands now, residents are already liable, but they have to self-report tax.

Basically, it’s a clarification of a Supreme Court ruling from the early 90s.

[spdrun]

… in San Diego.

In my part of the East Coast, there are still plenty of foreclosure listings and languishing shorts. Basically, since the foreclosure process takes about 1.5-2 years longer than in CA, we’re in the same position as San Diego was in early 2011. A *beautiful* thing in my book.

[spdrun]

The last bubble was driven by easy/low-money-down loans. The second criterion won’t apply here, so we’re unlikely to see a duplication of the last bubble in the next 6-12 months at least.

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