Monday, March 06, 2017

Pining for the Fjords

It isn't often I miss aspects of New England that i don't actually go and visit when the urge appears.  Cinco-X managed to come up with one I do miss.  Herewith a stylized picture of the stream behind his home:

Thanks, Cinco-X. 

Edits:

Here was Sonoma County this morning.  Tom S has said he will be posting here.  Yah!

And here is a large picture of my Parrot's Beak.   Click to view large. 

40 comments:

Lawyerliz said...

Oh, that's why he's cold. Dow down rates up.

Lawyerliz said...

Calc risk inform us it rains in California. Gosh.

LBD said...

No rain here, very windy grass fires and trees shedding limbs.

Rob Dawg said...

Liz, it has been all day cutting limbs and chipping. Seeds dormant for 5 years just exploding. The mulch, the pre-emergent, the roundup, the mowing, the weed pulls, the grass suppressant,.. I am still losing. Don't get me wrong. The Statis, the lavenders, the succulents are great. I even have a first for me. Parrot's Beak blooming. Never had luck before.
http://www.bhg.com/gardening/plant-dictionary/annual/parrots-beak/

LBD said...

Oops my bad, Nice Pic Cinco.

Lawyerliz said...

It's from the Canary Islands.
I spent a few minutes chopping sawgrass and the the wasps started hanging around.

Lawyerliz said...

This is in your flower beds? How about row covers?

Rob Dawg said...

I have a hanging pot and a drip supplied plant in the xeriscape garden. I lost a couple specimen plants (either too wet or too cold) but the new replacements are more appropriate. The aloe plants I was supposed to give Mrs Cinco (nice lady) some leaves from are so large they are bursting the pot.

Still considering replacing the front yard with a triple project. 1 Dry rock stream. 2 Running recirculating stream. 3 Putting green. Don't tell Mrs Dawg about that last. I'm telling her it is just water saving low maintenance synthetic grass. By the time the crane shows up with the neon lit windmill, Paul Bunyan axe swinging statue and scary clown hazard it will be too late. ;)

Rob Dawg said...

Liz. Reload the post for a pic of Sonoma County this morning and a large (click) picture of my garden Parrot's Beak.

LBD said...

I am ready for spring, the wedding to be over and our next RV trip to Colorado. Been gone so long things will be new again!

Lawyerliz said...

Yay Tom. Wow beak!

Is that snow?

Rob Dawg said...

The breaded chicken breast, asparagus and brown rice are almost ready. The kiddo made us a cocktail. Grenadine, sugar, Midori, Bourbon. Yeah, I know. But this could be a signature drink for a famous bar. Strangely, it works.

She could to be the most popular freshman in UC history.

Liz. Yes. Tom called earlier. We yak sometimes. It was messy getting to the office for him.

Rob Dawg said...

SAN BEUNAVENTURA HOUSING PRICE REPORT FEBRUARY 2017 SUMMARY FOR SINGLE FAMILY HOMES

Average Sales Price: $663,044
Median Sales Price: $556,550
Number of Total Sales: 48
Average Days on Market: 75
Average SP/LP: 97.21%

The cheapest home was $330/sf.

Lawyerliz said...

She kill you. Justifiable homicide.

Lawyerliz said...

Word.

Lawyerliz said...

Average or medium income?

Lawyerliz said...

My house up another 250$!!!
Wowser.

Rob Dawg said...

What were you calling "word?"

Median household $77k. Average $97k. The large difference speaks volumes. So yeah, 7x income.

Lawyerliz said...

Are or were the Zillow estimates realistic for those houses considering the selling price?

Lawyerliz said...

7x income. Urgghhh. Better than 10 x income I guess. Is there a lot of under the table income? Big down payments?

Lawyerliz said...

How do they qualify?

Lawyerliz said...

How do they eat and wear clothes?

Rob Dawg said...

Three things. Existing owners are likely carrying substantial equity. The median income is the result of bifurcation meaning lots of $45k households who rent forever and $115k households that are the buyers. Finally the median income is not buying the median house but scraping to buy the cheapest house.

Rob Dawg said...

The bottom half houses with a sales history or two are fairly valued by Zillow. There's always going to be the missed gourmet kitchen or under appreciated school district or shed of spousal exile but those are easy to adjust for.

Lawyerliz said...

What about the top half? Over or under estimated. The 115k types are still paying 4 or 5 or 6 times income. We never reached evendors one and a half but still occasionally found it hard.

Lawyerliz said...

Even

Lawyerliz said...

Interest rates passed 2.5% on the 10 year. A better grade of cat food for the poor or are they still not worthy of it?

Rob Dawg said...

Most of the more expensive houses don't turn over often enough and lack comparable sales to reference.

LBD said...

Good Morning!

Wind and probably more grass fires today :(

For fun I checked Zillow on some rental properties. They can only find 3 of them, all nuts with sell prices and rents 30-50% more then real market price. I wish they where right I would be rich! LOL!

Low mortgage rates and low lending standards do nothing but make profits today for a few and a life of debt/BK for others. IMO mortgages should not be more then a max of 4 years gross income.

Lawyerliz said...

The standard used to be 1 1/2.
Just saying.
Are they qualifying people at 6 or 7 times earnings? Did they forget all the foreclosures already?
I guess they did.

LBD said...

I prefer 1 week take home as a better guide to rent or home mortgage payment. Rent at least covers taxes insurance and repairs as where the mortgages cover PI and maybe insurance. This gives one 3 weeks to live decent and save, something Banksters don't want.

Lawyerliz said...

That's a good measure too. Very hard to meet, if you don't want to live in a shack.

Rob Dawg said...

We just have to get used to housing taking a bigger share of household budgets. Food and clothing and energy have generally declined long term so it makes a bit of sense.

LBD said...

Mortgages caused the problem and still fuel it. Hard to back down from what took place. I wonder if CD rates ever do rise to a respectable level. I really want to get out of the rental biz some day.

Cinco-X said...

Teh Goog often stylizes pics for me... It's kinda kewl, but OTOH, they're reviewing EVERY picture I take, which is weird if you think about it. Glad they're not in the NSA's pocket... Right?

Cinco-X said...

Yogi apparently tried to troll me on Reddit overnight... Sheesh

Cinco-X said...

Glad to hear Tom is gonna post here... Seems like everytime he posted on MuddyEconomist he was pigged by CR almost immediately...

Mike said...

My understanding is the debt ratio limits for mortgages are still 28% (of gross) for your mortgage payment...36% "back end" (all debt).

Way too high imo...but people seem to make it work.

Rob Dawg said...

Cinco-X. Hope you don't mind but I tweaked the colorspace of your photo to make it more viewable on screen.

MuddyEcon all progressive agenda all the time.
Reddit getting trolled.
Wish there were a quiet alternative. ;)

New post.

Rob Dawg said...

28%/36% is still around with some truly weird modifications. Three cars, one with a tiny payment. No good, the assumption is that we have two typical car payments. that's like $800/mo -assumed- debt payments we do not have. The Expedition cost $1000 to purchase outright. They have two month car loans? Oh, and for income properties. They assume you are stupid and discount every aspect. Some won't even include rental income in the DTI calculation. Assumed insurance costs are routinely double actual expenses. But back to homes to live in. Roof good for at least 10 years? Never mind that the purchase price already incorporates such things. On and on. No wonder people are being frozen out.