LAO

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threads pinned by LAO
authored 322 comments and 76 threads

LAO's threads


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Why are HOA fees in CA so high?
by LAO on 9 Oct 2010   42 comments, latest 9 years ago
Condo HOA fees in CA seem outrageously high compared to my friends fees back east... Where they get things like snow removal included. Im talking $300 annually vs 400 ...

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Become a Real Estate Agent...
by LAO on 9 Jun 2009   87 comments, latest 11 years ago
I was curious about the logistics and cost-benefits of simply getting a real estate license before I purchase a home... I'm an intelligent college educated individual that doesn't feel ...

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2020-2025 Housing Prices any guesses?
by LAO on 21 Aug 2011   118 comments, latest 12 years ago
I've read some predictions that we wont reach 2006 bubble prices again in Los Angeles until 2024... Others are less optimistic and see prices heading back to mid-1990s prices ...

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Harsh Austerity Measures...
by LAO on 5 May 2010   17 comments, latest 12 years ago
Could what's happening in Greece come to American soil? I'd be curious to know how the DAY TO DAY life of Greek citizens has been affected by these "harsh ...

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Property Taxes in California...why raising them doesn't make fiscal sense.
by LAO on 27 Mar 2012   12 comments, latest 12 years ago
At least in a down housing market. I would think raising property taxes makes sense in a over-heated bubble housing market. But adding further deflation pressures on a down ...

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Stocks Back to Peak 2007 levels... Housing recovery on horizon?
by LAO on 9 Feb 2012   31 comments, latest 12 years ago
The past 3 month gains in the stock market have been pretty sudden.... I guess since there's nowhere else "safe" to invest your money, Bernanke announcing low rates thru ...

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New American Dream Is Renting To Get Rich
by LAO on 16 Feb 2012   Posted 12 years ago
http://finance.yahoo.com/news/ Are we going to have late night infomercials selling us on GET RICH QUICK schemes via Renting now? Oh how the pendulum has swung! By the way the ...

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London Landlords Evict Tenants To Gouge Tourists (Pre-Olympics)
by LAO on 5 Feb 2012   Posted 12 years ago
http://worldnews.msnbc.msn.com Oh the joys of renting! #housing

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Fed says no rate hikes until at least late 2014
by LAO on 25 Jan 2012   28 comments, latest 12 years ago
So much for interest rate rises crushing home prices for atleast another 2 years...

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How easy is it to cause inflation?
by LAO on 2 Aug 2011   8 comments, latest 12 years ago
If this debt ceiling deal plunges into a deflationary environment... Can the govt reverse course in 2012 and inflate us out of the mess by turning on the "printing ...

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3.75% 30 year fixed.. with no points or fees... how low can we go?
by LAO on 15 Dec 2011   15 comments, latest 12 years ago
How low can mortgage rates go for 30 year fixed? Just a few years ago a 3.75% rate would have been low for a 15 year fixed mortgage!! If ...

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Remodeling Costs/Build Costs vs. Purchase Price
by LAO on 30 Nov 2011   19 comments, latest 12 years ago
Remodeling Costs ************** If a house need a total remodel... with standard/average...(not premium, not economy/cheapo materials). $18K for a kitchen $15K x 2 Baths = $30K Windows x 13 ...

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corntrollio says The family you described would get a 5%
by LAO on 21 Nov 2011   Posted 12 years ago
corntrollio says The family you described would get a 5% reduction in tax rate at the top bracket, and 2% and 3% for lower brackets. I did overlook the ...

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Mortgage interest Deduction limit... Toomey's Tombstone plan?
by LAO on 18 Nov 2011   17 comments, latest 12 years ago
Anyone know the details of Toomey's proposed MID cuts? Top income tax bracket will drop from 35% to 28%... (HUGE HUGE tax cut for the rich). And tiny tax ...

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PayRoll Tax Extension necessary.. Or we are facing a painful 2012...
by LAO on 16 Nov 2011   3 comments, latest 12 years ago
If Obama can't get his payroll taxes at the very least extended.. and ideally lowered to 3.1% from 4.2% currently.. (down from original 6.2%). Then look out below... Starting ...

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1997 Home Prices... 15 year anniversary in 2012!!
by LAO on 17 Oct 2011   47 comments, latest 13 years ago
The most common sentiment I've seen on this website is that home prices will roll back to 1997 prices. Right now we are somewhere between 2000-2003 home prices depending ...

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Obama's Jobs Bill...
by LAO on 11 Oct 2011   7 comments, latest 13 years ago
If this Jobs Bill doesn't pass.. or atleast the parts that keep Payroll taxes from rising... All the democrats have to run on come election time is this... Take ...

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Can a home purchase remain non-recourse when refinancing in CA?
by LAO on 22 Sep 2011   2 comments, latest 13 years ago
I've heard most lenders make convert the loan to recourse after refinancing? Can you request that it remain non-recourse or do you think they would balk?

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Under 4% 30 year fixed mortgages!!!!!
by LAO on 15 Sep 2011   31 comments, latest 13 years ago
Pretty insane.... If we drop into mid-3% range or even 2% range... That whole 2-3x your income deal might be need revised. At some point is it worth the ...

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Bringing Home Troops... Skyrocketing unemployment?
by LAO on 2 Aug 2011   4 comments, latest 13 years ago
I've believed this is a major reason why troops aren't being brought home... Who wants the bad press of unemployed, homeless soldiers on their watch? Either the troops will ...

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US government becomes your landlord
by LAO on 23 Jul 2011   5 comments, latest 13 years ago
Ive been reading some articles about the US government pulling foreclosed homes off the market, fixing them up, and renting them out.... Basically becoming a giant property management company... ...

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Should you sell your house now?
by LAO on 17 Jul 2011   38 comments, latest 13 years ago
Let's say you bought in 2001... You have enough equity to sell and break even or walk with a little cash and rent an equivalent place for the same ...

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5165 Jeffdale Ave, Los Angeles, CA 91364
by LAO on 19 Oct 2009   9 comments, latest 13 years ago
$300K for this trash heap.... This is an example of the disaster we are in in Los Angeles.... Â Take a look at this disaster of a home.. It's ...

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If the housing bubble began in 1998...
by LAO on 8 May 2011   26 comments, latest 13 years ago
Most charts i look at show the housing bubble starting in 1998... So most assume we will hit or dip just below 1998 home prices before we bottom.... Im ...

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Too Big To Fail...
by LAO on 7 May 2011   Posted 13 years ago
Anyone looking forward to this hbo documentary later this month?

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5616 Fallbrook Ave, Woodland Hills, CA 91367
by LAO on 24 Feb 2010   3 comments, latest 13 years ago
http://www.redfin.com/CA/Woodl Anyone know what went on with this home sale (3 bed/2bath Pool home)... It was on the market forever at $439K back in April, 2009... Dropped to $399K, ...

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Low-Interest Rate Assumable Mortgages... will it halt future price drops?
by LAO on 26 Apr 2011   4 comments, latest 13 years ago
I was reading about the ability to transfer your low interest mortgage rate to a buyer in the future.. say maybe 5-10 years from now when interest rates are ...

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LAUSD: Kids go to school where their parents work policy.....
by LAO on 28 Mar 2011   6 comments, latest 13 years ago
I believe it's called "Inter-District" transfer policy... It allows you to send your kid to the school district that you or your spouse works in. I currently work in ...

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Does NYTimes buy or rent calculator... calculate mortgage interest deduction?
by LAO on 23 Mar 2011   1 comment, latest 13 years ago
I punched in my some numbers... my current rent at $1700 a month. Vs. buying a $330K home with 10% down. Even with $0 for maintainence/renovation costs.. It still ...

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0% Interest Cards are back in full effect... spending spree.. could help housing?
by LAO on 18 Oct 2010   20 comments, latest 13 years ago
Anyone else notice how many banks are offering long term 0% interest Balance Transfers and 0% purchases... I'm talking as much as 21 months of 0 interest. Given I ...

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Why are Student loan interest rates so high?
by LAO on 28 Feb 2011   2 comments, latest 13 years ago
I have a Stafford Loan from 2001 that I'm still slowly paying off because it's a ridiculously low interest rate of 2.25%.. And the balance is fairly low and ...

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NAR caught lying again... Over-counting home sales...
by LAO on 22 Feb 2011   4 comments, latest 13 years ago
http://www.cnbc.com/id/3842946 "Homes sales could have been over-stated by as much as 20%!" I've always been suspicious of the bean counters.. statistics in the housing industry... Who do you trust ...

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Accurate PMI Insurance Calculator? Anyone?
by LAO on 16 Feb 2011   1 comment, latest 13 years ago
I found this one: http://www.goodmortgage.com/Ca But when i punch the numbers in I get a dramatically higher PMI than on TRULIA's website. It varies depending on the percentage of ...

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State Of California declares bankruptcy.. what would happen?
by LAO on 9 Feb 2011   4 comments, latest 13 years ago
What would happen to state employees pensions? Bondholders ect? How would CA housing market be affected? Would this ever feasibly happen? I looked into it and it appears a ...

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Nokia rumored to shift toward Silicon Valley....
by LAO on 8 Feb 2011   2 comments, latest 13 years ago
http://www.appleinsider.com/ar The world's top mobile vendor is reportedly considering plans to move its executive decision making from headquarters in Espoo, Finland to Silicon Valley in California, and is potentially ...

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Unrest and exodus from egypt good for US real estate?
by LAO on 5 Feb 2011   3 comments, latest 13 years ago
Bill Maher opened with a joke on his show last night with the punchline involving Real Estate agents in Beverly Hills being the ones most excited about the civil ...

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/del
by LAO on 27 Jan 2011   4 comments, latest 13 years ago

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Why i'm not too concerned about INFLATION...
by LAO on 24 Jan 2011   7 comments, latest 13 years ago
Every refinance... every write down a bank does... every personal bankruptcy... every loan not repaid and written off is money destroyed. So, any money being pumped back into the ...

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Unemployment Extensions expiring for all?
by LAO on 3 Nov 2010   6 comments, latest 13 years ago
I have a question about the upcoming expiration of unemployment benefits. I have some friends who were unemployed for a year in CA. They just started on their federal ...

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HyperInflation scare tactics...
by LAO on 29 Aug 2010   15 comments, latest 14 years ago
I've once again been hearing some hyperinflation scare tactics directed toward renters.. saying things like.. "People walking away from their homes and renting are going to regret it in ...
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