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zzyzzx's comments

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zzyzzx   2009 Sep 2, 5:00am   ↑ like (0)   ↑ dislike (0)     quote        

Fireballsocal says

Patience. Make the exact same offer in another month and see if they are still proud enough to reject you

I would not be so generous. At some future point in time sumbit a lower offer and see if they are still proud enough to reject you.

zzyzzx   2009 Sep 2, 5:07am   ↑ like (0)   ↑ dislike (0)     quote        

perhaps it’s wishful thinking on my part.

It's wishful thinking on your part. Housing prices still have plenty of room to fall. Just wait until the summer buying season is over.

zzyzzx   2009 Sep 2, 5:09am   ↑ like (0)   ↑ dislike (0)     quote        

That's nothing comapred to the wasteful spending on the "Big Dig" in Boston.

zzyzzx   2009 Sep 2, 5:12am   ↑ like (0)   ↑ dislike (0)     quote        

I also would hit it.

zzyzzx   2009 Sep 2, 5:19am   ↑ like (2)   ↑ dislike (2)     quote        

I would love to see 7% interest rates, but it's not going to happen by then. Maybe if the Chinese dump all their USD reserves, or something.

zzyzzx   2009 Sep 2, 5:21am   ↑ like (0)   ↑ dislike (0)     quote        

I would love to see Section 8 housing discontinued. All it does is increas my taxes to support bloated real estate prices.

zzyzzx   2009 Sep 2, 5:24am   ↑ like (0)   ↑ dislike (0)     quote        

they could save a lot of money by dropping S-chip and welfare.

zzyzzx   2009 Sep 9, 1:59am   ↑ like (0)   ↑ dislike (0)     quote        

I live in the DC area and have had the same thoughts. I think prices are going down here, but slower than in other places.

I live in Baltimore and have made the same observation there.

zzyzzx   2009 Sep 9, 2:03am   ↑ like (0)   ↑ dislike (0)     quote        

Not one person I know who has gone on unemployment in the past six months has gotten a new job.

Last person we laid off, which was in September 2008, started a new job 3 weeks ago. Never ran out of unemployment, since it got extended.

zzyzzx   2009 Sep 9, 2:07am   ↑ like (0)   ↑ dislike (0)     quote        

Stocks.

zzyzzx   2009 Sep 9, 2:13am   ↑ like (1)   ↑ dislike (1)     quote        

The dilemma is that most of the news don’t apply for the DC area. The job market is strong, people from one administration are replaced by others, soldiers are relocated, … So this create a demand for house but i still feel that houses are overpriced and thus the conundrum.

I agree. I suspect that if one wants to buy in this area, that you should wait. Prices will drop more eventually.

zzyzzx   2009 Sep 9, 2:21am   ↑ like (0)   ↑ dislike (0)     quote        

I think so far in the DC area it's mostly pricey condos that have taken a big hit. The rest not so much. Empty houses are all over the plaec though.

zzyzzx   2009 Sep 10, 2:37am   ↑ like (0)   ↑ dislike (0)     quote        

I would tell the 2nd lender to take a hike.

zzyzzx   2009 Sep 15, 12:00am   ↑ like (0)   ↑ dislike (0)     quote        
For the HTML impared: FORECLOSED PROPERTIES: Hidden costs ambush buyers Investors in foreclosed properties billed for former owners' fees, fines Sep. 14, 2009 Michael Evans bought the bank-owned fourplex near Monroe Avenue and H Street at an auction without seeing it first. The condition of the property might have scared off other investors, but he has been rehabbing and renting out property for a long time. Broken, boarded-up windows? No problem. Stripped plumbing and stolen air conditioners? You expect that. Holes in the walls? Ho-hum. Feces in the bathtub and dirty mattresses left by squatters? Goes with the territory. Then he ran into something new. "I thought everything was great until the letter came in the mail," Evans said. The letter, from the city of Las Vegas, informed him that a previous, neglectful owner had racked up more than $60,000 in fees and fines because the city had to hire someone to board up the building and pick up trash. Those charges stay with the property, meaning Evans was potentially on the hook for a bill that was far more than the property's $37,500 auction price. So far, two cases like this have made it before the City Council. More are expected because of the number of foreclosed and abandoned properties being snapped up by investors who might be receiving clean titles to places that shouldn't have clean titles. It could be partially the buyer's fault if he or she isn't checking the property's history in the Clark County recorder's office, said Devin Smith, neighborhood response manager for the city. "I probably get a phone call a day from someone who bought a property, and now they want their fees waived," he said. "People are just showing up, they're buying properties and then they're saying, 'I didn't know about this.'" But some people, like Evans, are telling the city they were given a clear title, though title to the property should have been "clouded" by city notices that work was done on the property. Mayor Oscar Goodman recently sent a letter to title companies urging them to be vigilant about the issue and warning about potential legal liability. "I feel sorry for these folks who are sort of being middled here," Goodman said. "But they certainly, in my opinion -- and that's the reason I wrote the letter -- have a potential cause of action. "The title policy should pick up any kind of liens or any kind of notice that's properly recorded against the property." Title companies research the ownership history of a property and check for liens and judgments that might be encumbering the property. When the city gets a report about a blight, it hires a contractor to bring the property up to basic standards. Broken windows are boarded up, open doors are secured or blocked, unsanitary pools are drained, weeds and trash are cleared away. In extreme cases, buildings are simply demolished. The city incurs "hard costs" for that work, usually a few thousand dollars. Since the foreclosure crisis deepened and abandoned properties proliferated, the City Council has started imposing civil fines of up to $500 a day in an effort to scare owners into maintaining properties rather than face tens or hundreds of thousands of dollars in fines. In the two cases heard before the counci -- Evans' property and one on Stacey Avenue near Lake Mead and Decatur -- the new owners bought the properties after the work had been done but before the council met to establish the fines. In each case, the council left the "hard costs" in place as a lien against the property, which must be paid if the property is sold. For Evans, those amounted to $2,416. The large civil fines were waived. That's the approach the council most likely will take with future cases, Smith said. "The council wants to know what you're going to do to bring the property up to standard," he said. "I don't think they're going to waive the hard costs." Evans said he understood that, though he doesn't agree that the approach is fair because he is not the one who neglected the property. It allows him to proceed with the renovation of his four units in a part of town that has seen hard times and needs investment. "By the 25th, it'll look good. If you didn't care about the neighborhood, you would say, 'Yeah. I can live here,'" Evans said. "You've got to start somewhere. Somebody's got to do something nice and hope that people appreciate it."
zzyzzx   2009 Sep 15, 12:01am   ↑ like (0)   ↑ dislike (0)     quote        
Anyone else thinking that the city charges are excessive, and at best counterproductive sinec it will keep people from buying foreclosures?
zzyzzx   2009 Sep 15, 12:03am   ↑ like (0)   ↑ dislike (0)     quote        

The way you’ve made it acceptable to hurl any insult you like at public officials.

So you are sick of conservatives doing what liberals have been doing for decades?

So all of a sudden, it's NOW a bad thing?

IMO, turn about ia fair play.

zzyzzx   2009 Sep 18, 2:39am   ↑ like (0)   ↑ dislike (0)     quote        

I don't belive the part about there being 7 offers on the house either.

zzyzzx   2009 Sep 18, 2:42am   ↑ like (0)   ↑ dislike (0)     quote        

I would think that if you looked at the financials of apartment REITS, you might get an idea as to how profitable it is.

zzyzzx   2009 Sep 30, 4:13am   ↑ like (0)   ↑ dislike (0)     quote        

I think if we simply executed everyone who dafaulted on their loans, we wouldn't have so many deadbeats (sort of like the opposite of what Chris Borden is suggesting).

zzyzzx   2009 Oct 12, 4:15am   ↑ like (0)   ↑ dislike (0)     quote        

We are no where near bottom, at least in the Baltimore - Washington DC area.

zzyzzx   2009 Oct 12, 4:33am   ↑ like (0)   ↑ dislike (0)     quote        

I interpreted the We will not need a bailout, statement as meaning that they probably will need a bailout,

zzyzzx   2009 Oct 12, 4:46am   ↑ like (0)   ↑ dislike (0)     quote        

1. What do you tell people who are currently thinking about buying a home and why?
Better deals will be available if you are patient.

2. What is is the general area you live in?
Baltimore City 21230

3. Do you currently own a home?
Yes.

zzyzzx   2009 Oct 15, 2:40am   ↑ like (0)   ↑ dislike (0)     quote        

she had an “easy” air to her

So how did that part work out?

Pics?

zzyzzx   2009 Nov 23, 3:23am   ↑ like (0)   ↑ dislike (0)     quote        

A lot of people are moving in with friends or relatives, or living in their car, or leaving the country.

zzyzzx   2009 Dec 3, 4:03am   ↑ like (1)   ↑ dislike (1)     quote        

If I were going to cheat the system, I'm reasonably sure that I could get away with much more than $90,000.00

zzyzzx   2009 Dec 9, 2:15am   ↑ like (0)   ↑ dislike (0)     quote        

I saw that on the news and I would hope that they stay someplace else on the weekends, or something.

zzyzzx   2009 Dec 28, 1:37am   ↑ like (0)   ↑ dislike (0)     quote        

wish i was lucky says

So my next question is - who is/was supposed to live in all these monster homes that were built? What was the master plan??

The mcMansions of today will become the multigenerational housing of tommorrow, as nature intended. When you really think about it, McMansions are perfectly suited for this task.

zzyzzx   2009 Dec 28, 1:45am   ↑ like (0)   ↑ dislike (0)     quote        

orbit88 says

Patience! I was in the LA crash in 1990-1996. It took forever. Don’t even think of getting in to this market until 2013. You will see mouth watering bargains then. Now, it seems like a fair price, but you want an outstanding price. It will come. Just not for a few years. Keep your cash.

I agree with the above statement.

zzyzzx   2009 Dec 28, 1:47am   ↑ like (0)   ↑ dislike (0)     quote        

sybrib says

elliemae,
This is what Las Vegas has to differentiate itself: legalized gambling, ritzy restaurants and hotels, and entertainment. These are easy to copy, and I suspect as cities, counties, and states grapple with declining revenues, they will entice the tribes to create such venues in their backyards, to keep the (shrinking) discretionary money for such fun at home.
Here are a couple of other things that Las Vegas has to differentiate itself from other regions: it’s remoteness from it’s customers, requiring expensive and energy-intensive travel to get to Vegas, which “subtract” from the discretionary money that could be spent having such fun closer to home; - and a water shortage.

At least Atlantic City has a nice beach.

zzyzzx   2009 Dec 28, 3:35am   ↑ like (0)   ↑ dislike (0)     quote        

Please stop referring to a socialized medicine bill as "reform". If it actually had any reform in it, it would be things like tort reform. The only likeable things about this bill is the provisions for existing conditions and the cross state purchasing ability. All you really would need is for one state to allow the sale of a bare bones policy and anyone else could buy it (and they will).

zzyzzx   2009 Dec 28, 3:53am   ↑ like (0)   ↑ dislike (0)     quote        

bob2356 says

Don’t count on cross state purchasing to survive the final cut by the way.

That's probably true. Anything that could potentially reduce the cost of health insurance isn't likely to be in the final bill.

zzyzzx   2009 Dec 28, 3:55am   ↑ like (0)   ↑ dislike (0)     quote        

I am expecting 2010 to be, for the most part a continuation of 2009. In other words, even higher unemployment and no real economic recovery.

zzyzzx   2010 Jan 5, 1:38am   ↑ like (0)   ↑ dislike (0)     quote        

What have comparable houses in that area sold for lately? What's the condition of the house?

zzyzzx   2010 Jan 7, 5:52am   ↑ like (0)   ↑ dislike (0)     quote        

$136,000.00

zzyzzx   2010 Jan 8, 1:41am   ↑ like (0)   ↑ dislike (0)     quote        

knewbetter says

In the last 3 months we’ve fired 2 techs and hired two techs. The two techs we fired were making more than $20/hr. The two new hired techs are making less than $15/hr. This isn’t the kind of thing that gets reported.

No, but when they report that tax reciepts are down it shows up there (and probably no place else).

zzyzzx   2010 Jan 8, 1:45am   ↑ like (0)   ↑ dislike (0)     quote        

They need birth control! I've said it before and I'll say it again, they knew his job was in jeopardy at the time of conception of baby #6!!! Can someone say IRRESPONSIBLE! Live within your means, if not, don't ask for help if your overextended!

zzyzzx   2010 Jan 8, 1:46am   ↑ like (0)   ↑ dislike (0)     quote        

I want to send a package of condoms to this greedy family. Where do I send the package? May be some doctor should neuter this guy free of charge.

zzyzzx   2010 Jan 13, 2:52am   ↑ like (0)   ↑ dislike (0)     quote        

ptiemann says

Another useless observation, the number of price reductions.
How about a headline “more sellers start out with realistic prices” ?

I agree.

zzyzzx   2010 Jan 19, 2:24am   ↑ like (1)   ↑ dislike (1)     quote        

Class sizes are supposed to be 30-40 students per class. Teachers make way too much money these days, and having all these excess teachers is really only padding the pockets of their unions.

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