Tuesday, August 07, 2018

Presentation Makes the Sale

Did the termites object to removing the woodpiles? 

2041 Slippery Elm Rd Wrightwood, CA 92397

$199,000
 
 

40 comments:

Lawyerliz said...

Yes!

Lawyerliz said...

Is this anywhere near the fires?
What did it sell for previously?
The woodpiles are 198% of the value

Lawyerliz said...

Hehe 98.

LBD said...

Good Morning!

The trailer hitch must be under the wood pile. =:0)

Unknown said...

At 200k, how is that worth the RE agents time?

LBD said...

Five sales and your in the Million dollar club. How things have changed.

Unknown said...

meanwhile, Elon Musk "created" 15 billion dollars with a tweet.

LBD said...

He is a con man. Maybe he ends up in a fine home like this one when it's over.

Rob Dawg said...

No fires in SoCal at the moment.

Lawyerliz said...

😁🤣😍🤩😗

Rob Dawg said...

You guys have got to look at the pictures:

https://www.redfin.com/CA/Wrightwood/2041-Slippery-Elm-Rd-92397/home/3062284

Firemane said...

Is it just me, or does anyone else have the feeling that the wood pile is just there to muffle the sound and block the view of the stairs down into the dungeon, (under that throw rug in the hall), where he keeps the kids he kidnapped in the '80s?

Lawyerliz said...

We are on a road which leads into the Cape
In the other direction were 2 trucks holds payloads, going there.
We passed Blue Horizons, with a full parking lot.

Unknown said...

"cozy" means something different in real estate than it does anywhere else.

LBD said...

Now is a good time to unload if you want the money, no?

Unknown said...

The black widows and rattlesnakes might also get upset.

Lawyerliz said...

Better than jail. I GUESS

Lawyerliz said...

In the smell department??

Lawyerliz said...

I would buy this only for a tesr down. With a somewhat nice neighborhood. Here, 50k maybe

Lawyerliz said...

Are the fires discouraging buyers?

Lawyerliz said...

NasA does CONTROLLED burns. Other jurisdictions do toO.

LBD said...

Good Morning!

All of this makes wonder if a tent on skid row goes up in value?

Lawyerliz said...

We found the Secret Hiding place of the Cat. After diaasembling the sofa.

Rob Dawg said...

A dungeon! That's where the missing 80 sq feet are hiding.

I'd have to check if the lot is still eligible for new construction. Too small but may be grandfathered.

Firemane said...

Maybe I should get a RE license and start shopping Hamilton properties to people in California.

Come to Hamilton, NC - where you can own *FIVE* 1400 sq. ft. houses with 1/2 acre lots for a TOTAL of $200,000


LBD said...

Do a TV flip show and sell out all the old stuff like they did in Waco Texas.

ICE nailed 133 illegals yesterday here in Nebraska at several employers for some kind of labor abuse ring. They where very vague as to what was going. I hope they don't play catch and release with them.

Firemane said...

Was looking into stats on LEGAL immigration - and was really surprised at what I found.

Before the Depression, legal immigration spiked to over a million, and prior to the Great Depression fluctuated wildly between 300k and 500k.

During the Depression and WWII, it was almost non-existent.

But, by 1950 it was back up to 200k.

What I didn't realize is from 1950 to 1990 there was a steady climb from 200k to 600k that was almost linear.

Spiked to 1.8 million in 1991, but has waffled between 700k and 1.2M a year ever since.

I wasn't aware the delta from the 50s - 80s vs. 90s to present was quite so dramatic.

The massive influx in the '90s is the part that concerns me economically. Best I can tell about 40-50% become citizens, (I've seen different numbers cited in different places).

So, assuming 1/2 become permanent, if they arrived 30 years ago, they'll be nearing retirement age. So, if the numbers of new immigrants doesn't match the number of retiring immigrants, the labor force wall gets hit harder. If, on the other hand, the number of immigrants coming exceeds the number retiring, dying and leaving, labor force continues to grow. But, attempting to compute gets far more complex (as opposed to tracking birth data), since age of entering labor force can vary greatly. Obviously, some number of legal immigrants enter as children and enter labor force later on. The children of immigrants born here would be captured in the birth stats.

Ignoring the outlier 1991 spike, legal immigration has been about a million a year since - but the annual swing is +/- 300,000, (though it definitely appears to have stabilized during the Obama years).

While the adult immigrants from 1950 have been retiring for some time, the young children immigrants from 1950 have only begun to retire recently. And THAT cohort (however large it is), is going to be growing steadily for the next 40 years, before the giant spike of retirements around 2050.

I ran the demographic series of births of 65-year olds vs. 18-year olds, which stays positive (more 18 year-olds were born in 2000 than were born in 1953), through 2018. (+93k). But, it goes negative next year (-52k). Immigration additions minus retirements are probably big enough to keep labor force positive (probably), but the data is so noisy it's impossible to tell.

But, if current immigration is flat (or shrinking), (it's been flat since 1992), and we know that immigration was still on a steady upward slope from 1950-1990 ... my guess is that at some point the net immigrant retirements will exceed the immigrant new entries, and the impact on labor force will be more pronounced than simply looking at births.




Unknown said...

What are the annual legal immigrants that legally leave? I've had a couple friends/coworkers that were here legally for awhile but eventually had their visa/greencard revoked under Obama and had to leave. One had been here 15 years and was a very productive engineer with a house and kids and was still forced out on a technicality. He's in Australia now and its our loss and their gain.

LBD said...

Our Immigration system is all screwed up IMO. Still comes down to who is in our country. One of my doctors went home like he does every year and got stuck in Pakistan due to paper work for a month a few years ago.

Watched a video of Haitians stuck in TJ because they can't sneak across the boarder. Normal flow is about 3500 but up to 20K since better enforcement. So not all crossing the Southern boarder are Mexicans. Most can to South America first and traveled through several countries to the US boarder.

They sell Trumph Pinatas in TJ LOL!

LBD said...

Good Morning!

90's are back and rain yesterday PM.

52 legal immigrants released yesterday from the illegal employment ring.
Still not clear what is going on.

Firemane said...

Ruby,

That's one of the many things that makes quantifying immigration stuff so problematic. While between 40-50% of legal immigrants eventually naturalize, the remaining 50-60% are a mish mash of WAGs.

Some % return home at some point.
Some % lose their legal status, but stay (becoming illegals)
Some % are formally deported.

But, my (modest) research basically says that exit tracking in immigration is a non-funded quagmire of apathy and incompetence. All the rules, staff and money are about in-boarding, (which is under-funded to begin with), so nobody wants to divert any time, effort or funds to tracking exits. One (of many) reasons that LBD is correct that our immigration system is all screwed up, (regardless of whether one is "pro" or "anti" immigrant).



Lawyerliz said...

Hmmm . Immigrants from Haiti are very bitter about the difference from Cubans in entry.

Lawyerliz said...

Owls can swim
(But I don't known why they'd want to.)

LBD said...

If you are deported then you go to the country you are from. The Haitians go back to Haiti not Mexico. They won't risk that so they stay in TJ. At some point Mexico will probably stop or slow the flow through Mexico. I doubt they want all of these people either.

I am not against immigration but I am against illegal immigration which has been out of control for decades.

Lawyerliz said...

I just isn't immigration, it's a great human migration. They are seldom stopped, like Europe's invasion of the Americas to the death and disintegration of the Indians.

Lawyerliz said...

If the Indians had guns, it wouldn't have made much difference. It was, in this case disease.

Lawyerliz said...

Zillow keeps raising my house value. I don't think they are taking account of the new roof and new decorating.

Lawyerliz said...

A lot of comparable houses have price cuts Some are reasonable, a couple for 4k, mlm pne for 6k
I don't see the point.

LBD said...

The EU may fall apart due to their immigration demands.

I listen to classical music on PBS radio here occasionally. Sometimes I manage to hit the news. The other day they where crying about the dirty tricks of self deportation claiming some are to ignorant to understand that they are agreeing to be deported in their native language. Is this the kind of people we want in our country?

House accrossed the street must have sold as the sings are down and the move has started to accelerate. I would say for here that is a slower then normal and others seem to linger longer as well, yet they scream housing shortage. LOL!

Rob Dawg said...

New post.