Tuesday, December 03, 2013

Never Trust a Listing

Come on.  How incompetent can you get?  Here is a routine 1br/1ba listing with unapproved attic conversion trying to pass itself off as having twice the square footage and still pushing the price envelope for even the fake footprint. 

1619 Linnet 92397

There's nothing wrong with this house.  There is everything wrong with the listing.  Too bad agents are not liable for misrepresentation.  

12 comments:

Cinco-X said...

1471 IRENE St Wrightwood, CA 92397 (a Nearby Similar Home) looks like a better deal, but I don't know the area, and as we all know, looks can be deceiving...

Rob Dawg said...

I linked that Irene property recently. You are correct it is a better deal by most any metric. The only plus is the lot size. At that, for a rental a large lot is a minus.

$120.sf is decent. These are still wishing prices.

My objection is the idea that 4 foot ceilings are counted as square footage.

Cinco-X said...

Everybody is in the Pool Now...


Investors of all sizes and shapes are nearly all in the pool now.

Investor sentiment (in most surveys) is tilted very bullish, mutual fund investors hold near-record-low cash reserves, hedge funds are at multiyear highs in terms of net long exposure, and retail investors (though not at the extremes of 1999-2000) have plowed money into domestic equity funds en masse since the beginning of the year.

Importantly, margin debt, the straw that stirs the market's drink, reached another high in October of $413 billion (up 3% month over month after rising 5% in September). In fact, margin debt is approaching the March 2000 and July 2007 highs as a percentage of GDP.

Cinco-X said...

Rob Dawg said...My objection is the idea that 4 foot ceilings are counted as square footage.

If, as you say, it's un-permitted and thus might need to be torn out, it's even more criminal...

Rob Dawg said...

"Investors of all sizes and shapes are nearly all in the pool now."

I've been easing out for the past two weeks and expect to do more through the end of the year.

Nothing about anything except taking profits too early.

Cinco-X said...

Rob Dawg said...I've been easing out for the past two weeks and expect to do more through the end of the year.
Nothing about anything except taking profits too early.


Oftentimes, you either take them out early or not at all.

Cinco-X said...

Parasite Class Destroys Wealth, Liberty - Richard Rahn, Washington Times

As public-choice theory explains, and as can be seen by endless examples, many regulators are more interested in gaining power for themselves than in protecting the people. The result is that the economy is drowning in a sea of endless nonproductive paperwork, useful innovations are being squashed, jobs and new businesses are not being created, and the people are increasingly fearful of their own government. It does not have to be this way. The number of useless regulations, those who write and administer them, and the associated counterproductive agencies and departments can be eliminated. However, this will only happen when the elected officials who can make these changes fear the people more than the self-interested government employees, lawyers and others members of the parasitic class who are destroying both prosperity and liberty.

Too bad he doesn't connect FIRE and regulatory capture to this "parasitic class"...

Cinco-X said...

Liberals are culture war aggressors


(FD and :dukepoints:, I actually know Jonah Goldberg and had a lengthy discussion with him about liberals and fascism prior to his releasing his book.)

Murray and the White House insist that every business should be compelled by law to protect its employees' "right" to "contraception" that is "free."

Birth control not a right

I put all three words in quotation marks because these are deeply contentious claims. For starters, the right to free birth control — or health care generally — is not one you'll find in the Constitution. And even if you think it should be a right, that is hardly a settled issue in American life.

The right to own a gun is a far more settled issue constitutionally, politically and legally in this country, but not even the National Rifle Association would dream to argue that we have a right to free guns, provided by our employers. If your boss were required to give you a gun, your new employer-provided Glock still wouldn't be free because non-cash compensation is still compensation. The costs to the employer are fungible, which means whether it's a pistol or a pill, the cost is still coming out of your paycheck — and your coworkers' paychecks.


Hey! I'll advocate for free guns for law abiding citizens!

Cinco-X said...

The public doesn't like being lied to
5.5 million. That is how many people the administration needs to sign up in just 23 days because Obamacare drove them out of their health-care plans
50 million. That is how many Americans will be surprised to find their employer-based health plans dropped or substantially changed next year because of Obamacare.
53. That is the percentage of Americans who now say that President Obama is not “honest or trustworthy.”
12. That is the number of Senate Democrats up for reelection in 2014 who are complicit in Obama’s lie.
7. That is the number of states with vulnerable Democratic-held senate seats that also have Republican governors.

Actually, I think the public often likes being lied to, but not when it costs them money or inconvenience...

Rob Dawg said...

Access and available are interesting concepts.

For all his percieved faults Bush One wisely said abortion should be rare and available and regrettable.

Cinco-X said...

News from Santa’s Grotto:
Global warming hysterics at the BBC warned us in 2007 that by summer 2013, the Arctic would be ice-free. As with so many other doomsday predictions by warmists, the results turn out to be quite the opposite.
Meanwhile, down the other end at Santa’s summer vacation condo:
Antarctic sea ice has grown to a record large extent for a second straight year, baffling scientists seeking to understand why this ice is expanding rather than shrinking in a warming world.
Antarctic ice is now at a 35-year high. But scientists are “baffled” by the planet’s stubborn refusal to submit to their climate models. Maybe the problem with Nobel fantasist Michael Mann’s increasingly discredited hockey stick is that he’s holding it upside down.

Scientists increasingly moving to global cooling consensus
I seriously doubt this...there's more grant money to be had in global warming...and carbon credits, etc...

Cinco-X said...

Rob Dawg said...

Access and available are interesting concepts.

For all his percieved faults Bush One wisely said abortion should be rare and available and regrettable.


I don't disagree...I do disagree with those calling is a right.
You have a right to a lawyer, and if you can't afford one, one will be appointed for you. That's a right, thought admittedly not one discretely articulated in the US Constitution.
I'd suggest that you have a right to go somewhere and pay for an abortion. You have a right to go to CVS and purchase a "day after" pill with your own money. Forcing others to pay for them is wrong, particularly when some of these others might find the use of their taxes for these purposes abhorrent.