[urbanrealtor]

[quote=SD Realtor]I think that using the word remunerative is simply awesome! I am not being sarcastic either. No way I could have worked that one in ur.[/quote]

Shocking.
I’m a nerd.

And regarding the op’s question:
While I do think his remarks are dumb, I generally think that bans are a weak solution (especially when we don’t have a single list of illegal communication (at least so far as I aware)). Something like slashdot’s ranking and karma system would be far preferable to simply silencing undesirable opinions (annoying though they may be).

I think unless he has threatened someone or posted kiddie porn or something similar, let the jackass speak. He has the right to say ignorant stuff.

My 2 bits.

[urbanrealtor]

[quote=SD Realtor]I think that using the word remunerative is simply awesome! I am not being sarcastic either. No way I could have worked that one in ur.[/quote]

Shocking.
I’m a nerd.

And regarding the op’s question:
While I do think his remarks are dumb, I generally think that bans are a weak solution (especially when we don’t have a single list of illegal communication (at least so far as I aware)). Something like slashdot’s ranking and karma system would be far preferable to simply silencing undesirable opinions (annoying though they may be).

I think unless he has threatened someone or posted kiddie porn or something similar, let the jackass speak. He has the right to say ignorant stuff.

My 2 bits.

[urbanrealtor]

[quote=jpinpb]Too bad we can’t ban him from SDL. Not enough that he has to post here, but he has to go there and do the same thing.
http://www.sdlookup.com/Forums/General/tabid/57/forumid/270/tpage/1/view/topic/postid/107386/Default.aspx

Shouldn’t you be on vacation around the world? Why are you posting your crap on both boards?[/quote]

JP:
While I agree that living on the dole is lame, and I also don’t generally agree with Newt O’San Diego, I think he has a point that poor lending and diligence practices have created a lot of free money and local level.

If I knew I was going to lose my house, I would stop paying immediately or, if it were more remunerative, move out and rent it out.
Honestly, that is not a winning strategy for me now (I make good money, and like my home), I would be irresponsible as a parent (or foolish as a non-parent) to do the bank’s job for them.

While I think he overstates it and is generally crass about it, he has a point.

[urbanrealtor]

[quote=jpinpb]Too bad we can’t ban him from SDL. Not enough that he has to post here, but he has to go there and do the same thing.
http://www.sdlookup.com/Forums/General/tabid/57/forumid/270/tpage/1/view/topic/postid/107386/Default.aspx

Shouldn’t you be on vacation around the world? Why are you posting your crap on both boards?[/quote]

JP:
While I agree that living on the dole is lame, and I also don’t generally agree with Newt O’San Diego, I think he has a point that poor lending and diligence practices have created a lot of free money and local level.

If I knew I was going to lose my house, I would stop paying immediately or, if it were more remunerative, move out and rent it out.
Honestly, that is not a winning strategy for me now (I make good money, and like my home), I would be irresponsible as a parent (or foolish as a non-parent) to do the bank’s job for them.

While I think he overstates it and is generally crass about it, he has a point.

[urbanrealtor]

[quote=jpinpb]Too bad we can’t ban him from SDL. Not enough that he has to post here, but he has to go there and do the same thing.
http://www.sdlookup.com/Forums/General/tabid/57/forumid/270/tpage/1/view/topic/postid/107386/Default.aspx

Shouldn’t you be on vacation around the world? Why are you posting your crap on both boards?[/quote]

JP:
While I agree that living on the dole is lame, and I also don’t generally agree with Newt O’San Diego, I think he has a point that poor lending and diligence practices have created a lot of free money and local level.

If I knew I was going to lose my house, I would stop paying immediately or, if it were more remunerative, move out and rent it out.
Honestly, that is not a winning strategy for me now (I make good money, and like my home), I would be irresponsible as a parent (or foolish as a non-parent) to do the bank’s job for them.

While I think he overstates it and is generally crass about it, he has a point.

[urbanrealtor]

[quote=jpinpb]Too bad we can’t ban him from SDL. Not enough that he has to post here, but he has to go there and do the same thing.
http://www.sdlookup.com/Forums/General/tabid/57/forumid/270/tpage/1/view/topic/postid/107386/Default.aspx

Shouldn’t you be on vacation around the world? Why are you posting your crap on both boards?[/quote]

JP:
While I agree that living on the dole is lame, and I also don’t generally agree with Newt O’San Diego, I think he has a point that poor lending and diligence practices have created a lot of free money and local level.

If I knew I was going to lose my house, I would stop paying immediately or, if it were more remunerative, move out and rent it out.
Honestly, that is not a winning strategy for me now (I make good money, and like my home), I would be irresponsible as a parent (or foolish as a non-parent) to do the bank’s job for them.

While I think he overstates it and is generally crass about it, he has a point.

[urbanrealtor]

[quote=jpinpb]Too bad we can’t ban him from SDL. Not enough that he has to post here, but he has to go there and do the same thing.
http://www.sdlookup.com/Forums/General/tabid/57/forumid/270/tpage/1/view/topic/postid/107386/Default.aspx

Shouldn’t you be on vacation around the world? Why are you posting your crap on both boards?[/quote]

JP:
While I agree that living on the dole is lame, and I also don’t generally agree with Newt O’San Diego, I think he has a point that poor lending and diligence practices have created a lot of free money and local level.

If I knew I was going to lose my house, I would stop paying immediately or, if it were more remunerative, move out and rent it out.
Honestly, that is not a winning strategy for me now (I make good money, and like my home), I would be irresponsible as a parent (or foolish as a non-parent) to do the bank’s job for them.

While I think he overstates it and is generally crass about it, he has a point.

[urbanrealtor]

[quote=afx114][quote=eavesdropper]afx, did you begin the process of financing before you withdrew your offer? Even if you made simple online or mail inquiries re: mortgage financing, that included the new address, you could be on mailing lists used by lenders.[/quote]

We had general pre-approval, but nothing specific to the property. Interesting.. wonder if our lender pulled some shenanigans, he knew we were putting in the offer.[/quote]
No dude.
It was the inspector.
I would bet money on it.

[urbanrealtor]

[quote=afx114][quote=eavesdropper]afx, did you begin the process of financing before you withdrew your offer? Even if you made simple online or mail inquiries re: mortgage financing, that included the new address, you could be on mailing lists used by lenders.[/quote]

We had general pre-approval, but nothing specific to the property. Interesting.. wonder if our lender pulled some shenanigans, he knew we were putting in the offer.[/quote]
No dude.
It was the inspector.
I would bet money on it.

[urbanrealtor]

[quote=afx114][quote=eavesdropper]afx, did you begin the process of financing before you withdrew your offer? Even if you made simple online or mail inquiries re: mortgage financing, that included the new address, you could be on mailing lists used by lenders.[/quote]

We had general pre-approval, but nothing specific to the property. Interesting.. wonder if our lender pulled some shenanigans, he knew we were putting in the offer.[/quote]
No dude.
It was the inspector.
I would bet money on it.

[urbanrealtor]

[quote=afx114][quote=eavesdropper]afx, did you begin the process of financing before you withdrew your offer? Even if you made simple online or mail inquiries re: mortgage financing, that included the new address, you could be on mailing lists used by lenders.[/quote]

We had general pre-approval, but nothing specific to the property. Interesting.. wonder if our lender pulled some shenanigans, he knew we were putting in the offer.[/quote]
No dude.
It was the inspector.
I would bet money on it.

[urbanrealtor]

[quote=afx114][quote=eavesdropper]afx, did you begin the process of financing before you withdrew your offer? Even if you made simple online or mail inquiries re: mortgage financing, that included the new address, you could be on mailing lists used by lenders.[/quote]

We had general pre-approval, but nothing specific to the property. Interesting.. wonder if our lender pulled some shenanigans, he knew we were putting in the offer.[/quote]
No dude.
It was the inspector.
I would bet money on it.

[urbanrealtor]

[quote=jpinpb]I think this flip qualifies as out of the ballpark. 3829 Texas. Not the best area. Overpaid for the fixer in May for 385k. After a little sprucing lipstick-on-a-pig, asking 590k, $599 psf. Median ppsf in 92104 is about $400. How it’s even going to appraise is a mystery to me. 200k more and it’s near the gas station.

The other one in 9104 that I think is quite optimistic is 3806 Villa Terrace was a fixer listed for 275k. Someone overpaid in March and bought it for 320k. Now trying to sell for 599k. PPSF: $586

I feel like I fell in some 2005 time machine.[/quote]

Uhhh no.

Both of these might qualify as overly optimistic.
However they are well within the range of possibility.
For those that do not know, this is an area of North Park that is often more coveted than Hillcrest.
Finding anything with 2 bathrooms for less than 600 is rare.
If you go 5 blocks south, the properties jump to over a million (maybe 750 for a fixer).

Attached is a CMA for that pocket.
http://tempo5.sandicor.com/Pub/EmailView.asp?r=1306735059&s=SND&t=SND&g=1

The criteria are:
East boundary: 28th St
West boundary: Florida St
North boundary: University
South boundary: Upas
Room count: min 2 bath
Min sqft: 1000
Max sqft: 1500

The only property sold low is the property on Villa Terrace you mentioned. It was missing part of the floor. That means it probably could not get financing. That is probably why it sold for all cash.

You took the 2 cheapest sales in Morley Field (both of which were serious fixers) and said that the resale was unrealistic.
I disagree.
They may not get what they are asking but I doubt they are more than 10% off.

[urbanrealtor]

[quote=jpinpb]I think this flip qualifies as out of the ballpark. 3829 Texas. Not the best area. Overpaid for the fixer in May for 385k. After a little sprucing lipstick-on-a-pig, asking 590k, $599 psf. Median ppsf in 92104 is about $400. How it’s even going to appraise is a mystery to me. 200k more and it’s near the gas station.

The other one in 9104 that I think is quite optimistic is 3806 Villa Terrace was a fixer listed for 275k. Someone overpaid in March and bought it for 320k. Now trying to sell for 599k. PPSF: $586

I feel like I fell in some 2005 time machine.[/quote]

Uhhh no.

Both of these might qualify as overly optimistic.
However they are well within the range of possibility.
For those that do not know, this is an area of North Park that is often more coveted than Hillcrest.
Finding anything with 2 bathrooms for less than 600 is rare.
If you go 5 blocks south, the properties jump to over a million (maybe 750 for a fixer).

Attached is a CMA for that pocket.
http://tempo5.sandicor.com/Pub/EmailView.asp?r=1306735059&s=SND&t=SND&g=1

The criteria are:
East boundary: 28th St
West boundary: Florida St
North boundary: University
South boundary: Upas
Room count: min 2 bath
Min sqft: 1000
Max sqft: 1500

The only property sold low is the property on Villa Terrace you mentioned. It was missing part of the floor. That means it probably could not get financing. That is probably why it sold for all cash.

You took the 2 cheapest sales in Morley Field (both of which were serious fixers) and said that the resale was unrealistic.
I disagree.
They may not get what they are asking but I doubt they are more than 10% off.

[urbanrealtor]

[quote=jpinpb]I think this flip qualifies as out of the ballpark. 3829 Texas. Not the best area. Overpaid for the fixer in May for 385k. After a little sprucing lipstick-on-a-pig, asking 590k, $599 psf. Median ppsf in 92104 is about $400. How it’s even going to appraise is a mystery to me. 200k more and it’s near the gas station.

The other one in 9104 that I think is quite optimistic is 3806 Villa Terrace was a fixer listed for 275k. Someone overpaid in March and bought it for 320k. Now trying to sell for 599k. PPSF: $586

I feel like I fell in some 2005 time machine.[/quote]

Uhhh no.

Both of these might qualify as overly optimistic.
However they are well within the range of possibility.
For those that do not know, this is an area of North Park that is often more coveted than Hillcrest.
Finding anything with 2 bathrooms for less than 600 is rare.
If you go 5 blocks south, the properties jump to over a million (maybe 750 for a fixer).

Attached is a CMA for that pocket.
http://tempo5.sandicor.com/Pub/EmailView.asp?r=1306735059&s=SND&t=SND&g=1

The criteria are:
East boundary: 28th St
West boundary: Florida St
North boundary: University
South boundary: Upas
Room count: min 2 bath
Min sqft: 1000
Max sqft: 1500

The only property sold low is the property on Villa Terrace you mentioned. It was missing part of the floor. That means it probably could not get financing. That is probably why it sold for all cash.

You took the 2 cheapest sales in Morley Field (both of which were serious fixers) and said that the resale was unrealistic.
I disagree.
They may not get what they are asking but I doubt they are more than 10% off.

[Author]

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