[ucodegen]

It is interesting to note that increasing down payments is similar to what was done by the SEC after the great depression with respect to margin on investment accounts. Prior to the great depression, margin accounts were almost unlimited on the amount of margin a person could assume. After the great depression, the percentage of total assets you could have out on margin was limited…

Requiring 20% down for owner occupied, and 30% down on investment property sounds reasonable.

[ucodegen]

It is interesting to note that increasing down payments is similar to what was done by the SEC after the great depression with respect to margin on investment accounts. Prior to the great depression, margin accounts were almost unlimited on the amount of margin a person could assume. After the great depression, the percentage of total assets you could have out on margin was limited…

Requiring 20% down for owner occupied, and 30% down on investment property sounds reasonable.

[ucodegen]

It is interesting to note that increasing down payments is similar to what was done by the SEC after the great depression with respect to margin on investment accounts. Prior to the great depression, margin accounts were almost unlimited on the amount of margin a person could assume. After the great depression, the percentage of total assets you could have out on margin was limited…

Requiring 20% down for owner occupied, and 30% down on investment property sounds reasonable.

[ucodegen]

(Um … that was just flip sarcasm).

Ok.. though there are people that actually believe you can ‘recyle’ the granite… that is why it gets ‘pulled out’. In many cases it is not even worth the effort to ‘grab the cabinets’.. The effort costs more than what you get in exchange, and the granite and cabinets can be damaged in the process.

[ucodegen]

(Um … that was just flip sarcasm).

Ok.. though there are people that actually believe you can ‘recyle’ the granite… that is why it gets ‘pulled out’. In many cases it is not even worth the effort to ‘grab the cabinets’.. The effort costs more than what you get in exchange, and the granite and cabinets can be damaged in the process.

[ucodegen]

(Um … that was just flip sarcasm).

Ok.. though there are people that actually believe you can ‘recyle’ the granite… that is why it gets ‘pulled out’. In many cases it is not even worth the effort to ‘grab the cabinets’.. The effort costs more than what you get in exchange, and the granite and cabinets can be damaged in the process.

[ucodegen]

(Um … that was just flip sarcasm).

Ok.. though there are people that actually believe you can ‘recyle’ the granite… that is why it gets ‘pulled out’. In many cases it is not even worth the effort to ‘grab the cabinets’.. The effort costs more than what you get in exchange, and the granite and cabinets can be damaged in the process.

[ucodegen]

(Um … that was just flip sarcasm).

Ok.. though there are people that actually believe you can ‘recyle’ the granite… that is why it gets ‘pulled out’. In many cases it is not even worth the effort to ‘grab the cabinets’.. The effort costs more than what you get in exchange, and the granite and cabinets can be damaged in the process.

[ucodegen]

Can’t they just recycle all the pilfered countertops from the foreclosures?

Nope. Once you cut the rock.. thats all she wrote. That is one of the things that ticks me off on the flippers that have to throw a granite countertop on a poorly structured kitchen with cheap cabinets. Its a waste of material. The only way you could ‘reuse’ is in another kitchen with the exact same dimensions. Even tracts have variance in the dimensions of the same models which can make re-use difficult.

[ucodegen]

Can’t they just recycle all the pilfered countertops from the foreclosures?

Nope. Once you cut the rock.. thats all she wrote. That is one of the things that ticks me off on the flippers that have to throw a granite countertop on a poorly structured kitchen with cheap cabinets. Its a waste of material. The only way you could ‘reuse’ is in another kitchen with the exact same dimensions. Even tracts have variance in the dimensions of the same models which can make re-use difficult.

[ucodegen]

Can’t they just recycle all the pilfered countertops from the foreclosures?

Nope. Once you cut the rock.. thats all she wrote. That is one of the things that ticks me off on the flippers that have to throw a granite countertop on a poorly structured kitchen with cheap cabinets. Its a waste of material. The only way you could ‘reuse’ is in another kitchen with the exact same dimensions. Even tracts have variance in the dimensions of the same models which can make re-use difficult.

[ucodegen]

Can’t they just recycle all the pilfered countertops from the foreclosures?

Nope. Once you cut the rock.. thats all she wrote. That is one of the things that ticks me off on the flippers that have to throw a granite countertop on a poorly structured kitchen with cheap cabinets. Its a waste of material. The only way you could ‘reuse’ is in another kitchen with the exact same dimensions. Even tracts have variance in the dimensions of the same models which can make re-use difficult.

[ucodegen]

Can’t they just recycle all the pilfered countertops from the foreclosures?

Nope. Once you cut the rock.. thats all she wrote. That is one of the things that ticks me off on the flippers that have to throw a granite countertop on a poorly structured kitchen with cheap cabinets. Its a waste of material. The only way you could ‘reuse’ is in another kitchen with the exact same dimensions. Even tracts have variance in the dimensions of the same models which can make re-use difficult.

[ucodegen]

7390_Sean_Taylor_Ln – hard to say, street is so-so, no interior shots? I would put $410k.. maybe. I would want to see the inside.

7444 Sean Taylor Ln – entrance is very awkward, on the side of the house – does not flow. Token vaulted ceiling, token wood floors (upstairs ‘hallway’, doesn’t look like it goes inside bedrooms). Tile in bedroom is interesting.. but is it only here? It looks like doing ‘checkboxes’; wood floor, check, tile in bathroom, check… doesn’t completely pull together. Nice covered patio, but seems to be an ‘all concrete backyard’ which to some people may be a minus. I would place it at $480k.

10860 Wallingford – I like the structure of this house, but the interior could drive a person mad. Those cabinets would drive me nuts, particularly combined with the appliance color and color on the walls in the kitchen. I would also heavily discount the wood flooring. Zebra pattern? Looks almost like mis-matched lots of flooring. Living room with only one small window? Non existent back yard? I would go for below list at $460K.

Paul Barwick set a bar at pending at $510K. Nice kitchen, generally open/airy.. no weird paint schemes, floor doesn’t look like a zebra. Master bath is nice. View through kitchen window shows a backyard slightly bigger then the 3 above.

On the first 3 houses, it may not be a good idea for the listing agent to wait for the price to be ‘in the range’. The prime selling season is coming to an end, with a possible small leg down.

[ucodegen]

7390_Sean_Taylor_Ln – hard to say, street is so-so, no interior shots? I would put $410k.. maybe. I would want to see the inside.

7444 Sean Taylor Ln – entrance is very awkward, on the side of the house – does not flow. Token vaulted ceiling, token wood floors (upstairs ‘hallway’, doesn’t look like it goes inside bedrooms). Tile in bedroom is interesting.. but is it only here? It looks like doing ‘checkboxes’; wood floor, check, tile in bathroom, check… doesn’t completely pull together. Nice covered patio, but seems to be an ‘all concrete backyard’ which to some people may be a minus. I would place it at $480k.

10860 Wallingford – I like the structure of this house, but the interior could drive a person mad. Those cabinets would drive me nuts, particularly combined with the appliance color and color on the walls in the kitchen. I would also heavily discount the wood flooring. Zebra pattern? Looks almost like mis-matched lots of flooring. Living room with only one small window? Non existent back yard? I would go for below list at $460K.

Paul Barwick set a bar at pending at $510K. Nice kitchen, generally open/airy.. no weird paint schemes, floor doesn’t look like a zebra. Master bath is nice. View through kitchen window shows a backyard slightly bigger then the 3 above.

On the first 3 houses, it may not be a good idea for the listing agent to wait for the price to be ‘in the range’. The prime selling season is coming to an end, with a possible small leg down.

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