Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.
Friday, December 01, 2017
Peak Trophy Property?
We considered buying this property in 95-96 and building. Look what happened to it since.What kind of insanity took hold that someone paid $799k in'04?
My house with 2 1/2 acres and a pool, cost 164k plus 30 k repairs. In 1996. I don't think it ever went anywhere close to underwater. Want to spend another 40--50k, BUT I CAN'T FIND A CONTRACTOR.
OT. We went to"Murder on the Orient Express" last night. Throughly satisfying. Kenneth Branaugh is a genius of Orson Wells caliber. Of course we went for free. Used a coupon for donating blood.
How and who decides who is deserving? If they are not then are generally written out of a will. I should be the one who decides the fate of my efforts left behind. IMO
Access to credit can make any middle class look rich until the bill comes due. Sad thing is being cheap only last for a short time. Usually the concept never goes away but Like me you excel in your income and become extravagantly cheap. Lot of fun and satisfying. :)
I never collect coupons,almost never look at prices at the grocery store. Worry that I spend too little at having fun. It looks like the damned tax bill will pass.
Do you think they should give the big corporations the tax cut? With the budget busting implications? It won't pay for itself---that only happened once,.but they say it every time.
We lost our country years ago. IMO Global economics confuse everything for the average person. My guess is it might bring money back maybe some jobs but job elimination has started and no one knows where that is going. Let's import more poverty, that will fix it!
Picking veggies is not the problem. Many can right now be machine harvested. Bracero program should be reinstated solving that problem. Lazy Americans should return to work projects for welfare. Welfare should be taxed as all citizens need to share the burden. Won't happen,IMO.
China is not stupid, same a Japan, S.Korea, etc. We gave the country away for nothing, very hard if not impossible to get back.
Infill lots always have problems. If it was easy to build it would already be developed. I love doing engineering on sites that are 60% easements, floodplain, and adverse slopes. Sellers just see the average and location and think it's worth something.
I love selling easements to the Highway and electrical departments. Especially when the dump a huge transformer and hook it up in the wrong place. This was CRE not RRE.
Now, reading about Trump is making me nauseus. I usually like following politics. And remember this tax bill will add at least a trillion to the deficit.
LBD. Let this voice of experience make a suggestion. Since you have a trench. 50' is $40 of one water pvc and one electrical pvc run. No one ever has said "i regret having laid those pipes in advance."
Thanks RD, I have already ran the others this is the last one I do and one more up a steep hill under a retain wall. I known big boulders stopped the power main coming in and they went ridiculously deep. Maybe replacing the pole works out better. Cost to be determined. I used the skidsteer and one fork till I hit 12" tree roots then by hammer drill and shovel. Like I always seem to say this is the last one I do. :)
It was all about how much a month and house prices never go down, 6 months and you will a hell of a profitable ATM. LOL!
ReplyDeleteIs that the one with the pool?
ReplyDeleteMy house with 2 1/2 acres and a pool, cost 164k plus 30 k repairs. In 1996. I don't think it ever went anywhere close to underwater. Want to spend another 40--50k, BUT I CAN'T FIND A CONTRACTOR.
ReplyDeleteWhen do unemployment rates come out?
ReplyDeleteNo, the EMPTY lot.
ReplyDeleteFriday, December 8.
ReplyDeleteHunh? Well. I guess it is is a pretty big lot
ReplyDeleteIt has all that grass. . .
ReplyDelete1.14 acres. There is an equestrian easement and some unbuildable land in that.
ReplyDeleteThe lot line offsets also subtract where needed most.
I once had a lot.line dispute involving one inch.
ReplyDeleteOT. We went to"Murder on the Orient Express" last night. Throughly satisfying. Kenneth Branaugh is a genius of Orson Wells caliber. Of course we went for free. Used a coupon for donating blood.
ReplyDeleteThe surveyor made the inch go away.
ReplyDeleteThink we'll see the ovie. Read the book decades ago. I Think I rembet the solution. I won't tell.
Some People have too much money. Many don't have enough.
ReplyDeleteMany won't invest in their selves and have what they deserve.
ReplyDeleteMany of them are undeserving heirs.
ReplyDeleteAre the fires still burning?
ReplyDeletePence,.obstruction of justice too? Want to hide under the bed again.
ReplyDeleteHow and who decides who is deserving? If they are not then are generally written out of a will. I should be the one who decides the fate of my efforts left behind. IMO
ReplyDeleteSure. Might not do the recipients good though. Has nothing to do with deserving.
ReplyDeleteIf they where not raised to understand money then yes. Parents job is not always simple or successful.
ReplyDeleteBasically many want to look rich more than actually being rich. To do both, you have to be really rich
ReplyDeleteAnd good morning.😀 all.
ReplyDeleteGood Morning!
ReplyDeleteAccess to credit can make any middle class look rich until the bill comes due. Sad thing is being cheap only last for a short time. Usually the concept never goes away but Like me you excel in your income and become extravagantly cheap. Lot of fun and satisfying. :)
Remember aspirational buying? I like traveling eating out and having household help. More here is better. And shoes, I confess, shoes.
ReplyDeleteI never collect coupons,almost never look at prices at the grocery store. Worry that I spend too little at having fun.
ReplyDeleteIt looks like the damned tax bill will pass.
Then you are happy with your wealth and take comfort in not worrying about pennies.
ReplyDeleteThey need to follow through with spending reductions. I doubt that will happen, T will try.
Do you think they should give the big corporations the tax cut? With the budget busting implications? It won't pay for itself---that only happened once,.but they say it every time.
ReplyDeleteWe lost our country years ago. IMO Global economics confuse everything for the average person. My guess is it might bring money back maybe some jobs but job elimination has started and no one knows where that is going. Let's import more poverty, that will fix it!
ReplyDeleteWell, exporting know-how to China.sure doesn't help.
ReplyDeleteWho is gonna pick the.veggies?
ReplyDeleteMaybe machines? Americans refuse. How much pay would suffice to get them out there?
Picking veggies is not the problem. Many can right now be machine harvested. Bracero program should be reinstated solving that problem. Lazy Americans should return to work projects for welfare. Welfare should be taxed as all citizens need to share the burden. Won't happen,IMO.
ReplyDeleteChina is not stupid, same a Japan, S.Korea, etc. We gave the country away for nothing, very hard if not impossible to get back.
We don't have to give any new stuff away. And if they have we should try to steal it, like we did silk and gunpowder.
ReplyDeleteWifely duty: cleaned kitchen.
ReplyDeleteWhat would dawg or anybody else pay for the lot?
ReplyDeleteI didn't pay $180,000 back in '95. That someone did pay $799,000 is why I made this post. Now? No thanks. Better deals everywhere.
ReplyDeleteYou can pay as much as they will lend and we know how that worked out.
ReplyDeleteInfill lots always have problems. If it was easy to build it would already be developed. I love doing engineering on sites that are 60% easements, floodplain, and adverse slopes. Sellers just see the average and location and think it's worth something.
ReplyDeleteA park perhap?
DeleteAny experience with soil nailing?
DeleteYou mean soil retention blankets for erosion control on the slopes? Either that or we terrace with walls.
DeleteI love selling easements to the Highway and electrical departments. Especially when the dump a huge transformer and hook it up in the wrong place. This was CRE not RRE.
ReplyDeleteThere is an article in Scientific American about smokey wine and a possible chemical cure.
ReplyDeleteA cure for the Smokey flavor, or a cure for something else?
DeleteNow, reading about Trump is making me nauseus. I usually like following politics. And remember this tax bill will add at least a trillion to the deficit.
ReplyDeleteTry smoking a little marijuana before you read
DeleteThere is also a fabulous picture of Pluto. To me Pluto will always m be a planet.
ReplyDeleteWe have a roofer coming over next week for an estimate. Yay.
ReplyDeleteGood Morning!
ReplyDeleteAlmost done digging a 50' trench 2' deep then lay cable and RV post. Retirement isn't easy. LOL!
Mrs Dawg has my "list" for the day. Lots of shovels and ladders and stuff involved.
ReplyDeleteLBD. Let this voice of experience make a suggestion. Since you have a trench. 50' is $40 of one water pvc and one electrical pvc run. No one ever has said "i regret having laid those pipes in advance."
ReplyDeleteLiz. UE report is Friday.
ReplyDeleteThanks RD, I have already ran the others this is the last one I do and one more up a steep hill under a retain wall. I known big boulders stopped the power main coming in and they went ridiculously deep. Maybe replacing the pole works out better. Cost to be determined. I used the skidsteer and one fork till I hit 12" tree roots then by hammer drill and shovel. Like I always seem to say this is the last one I do. :)
ReplyDeleteNewpost.
ReplyDelete