I'MMA LET YOU FINISH
Hi.
Ouch.
Plantsman!
Adams Morgan is v trendy; lots of good places to eat, etc.
rent, that's torn, in my language.
Ready for 8 buck a gallon gasoline?
Opec warns of $200 oil as price hits new high
http://www.guardian.co.uk/
busine...commodities.oil
Doug | 05.03.08 - 1:38 pm | #
What she should have gotten was a McMansion, I guess. This is when you adopt some one who wants to live there, and explain it's their inheritance - as your kid.
From below:
Ah, one continually struggles with the proverbial wisdom of not judging a book by its cover.
As with many such maxims, it's straightforward enough in concept.
But our mysterious capacity for intuition opens us to prescient insights and revelations that may be as accurate, reliable, profound, and enduring as the knowledge derived from reading the book. And unless one is utterly lacking in intuition, or has successfully repressed and denied it, therein lies the struggle.
And so, O my brothers and sisters, I have got to say that I hadn't seen, or noticed, Cindy McCain until recently. I understood that she was a trophy wife, fabulously wealthy and a looker to boot.
I must have gotten the second part wrong, because that harpy's surgically mutilated death mask of a face, stripped down to reveal the emptiness inside, belongs atop a stuffed suit of old clothes propped up on a pole in a cornfield.
Actually, having been a condo owner, this is the kind of thing you ought to be aware of before you buy. You might not be aware that you are going to want to leave quickly and need to rent, but you ought to know the percentage of renters allowed at any time.
Jus' saying...
Guess it's time to go tend my garden, it may soon be a major source of affordable food.
see http://cabdrollery.blogspot.com
l8r
bwahahahaha. sucker.
In 2005, George Gozen jumped into the condo craze, buying several units that he planned to sell quickly. When the market turned sluggish, he decided to rent out his two remaining Washington area condos. He is looking for tenants but is facing a 20 percent cap on rentals in both buildings.
savvy investor, he
I do so love those associations. No clotheslines, no solar panels, no sublets... The woman in "Over the Hedge" lives!
And many times, you're not even allowed to rent out the place.
John called me the Dirk Hotel.
Condo associations seem evil.
I don't think I'd like living in a condo, but I know I'd hate living in a condo where most of the other people were renters, not owners.
Then it's just an apartment that you got sukkered into paying for.
And many times, you're not even allowed to rent out the place.
the No Riff Raff clause.
Mr. Flipper is also a mortgage officer:
At one of them, a luxury building near the Walter E. Washington Convention Center, the condo board has said it could evict unapproved renters, said Gozen, a mortgage loan officer. "My idea was not to be a landlord. My idea was to flip them, but here I am. I am stuck with them," he said.
Gozen is applying for hardship exemptions from both condo boards, arguing that without a renter he will not be able to keep the properties and will be forced into foreclosure or will have to sell at a particularly low price -- either of which would drag down values for the entire building.
"I can only afford to pay their mortgages for a few months, and then I will have to go to foreclosure," he said. "If they would ease up on this until the market gets better, that would be great."
the No Riff Raff clause.
"We want to establish a community here."
I refuse to live anywhere that would accept someone like me.
I have my standards.
the No Riff Raff clause.
Based upon the bullshit idea that Buyers Are Worthy and Renters Are Low-Lifes.
The idea that you can pass moral judgement upon people based upon how they pay for the roof above their heads -- in the US, the idea that you're not 'born again' in socio-economic terms until you're paying a mortgage -- is really fucked up.
should have read the details of the HOA bylaws before buying. It's a provision to protect her investment.
"We want to establish a community here."
In the Phoenix area you can drive for miles along streets with high walls on either side. Everyone is in their own gated "community" but they're all sterile, cookie-cutter pretend versions of a real community.
"My idea was not to be a landlord. My idea was to flip them, but here I am. I am stuck with them," he said.
This is the other side of the Renters Are Scum thing in the US: the Make! Money! Fast! schemes that involve flipping or renting shitloads of properties is the making of so many bad landlords.
One of the things I'd suggest in this down market to have your lawyer draw up, is a contract to exempt you from most HMO clauses. Get the home owners association to sign it also. Otherwise, no sale!
Tough love and all that.
I don't think I'd like living in a condo
annie | 05.03.08 - 1:44 pm | #
Of course, it would be a step up from my mom's basement.
practice safe living and use a condo
"Susannah Moss" needs to be grateful she has a roof over her head and not worry so much about it being "too small" for her husband, child and her.
As someone who has lived in Europe, Manhattan, Chicago and elsewhere, I have learned that most Americans have convinced themselves that they need vast amounts of indoor space in which to abide.
Considering the housing difficulties that many people are facing at the moment, I'm having a hard time working up much sympathy for someone who has managed to get her name in the news because "her place is just too small". Boo fucking hoo.
If she'd lower the price, she'd sell without any problem. Well, duh. You really are a DorkBoy.
my favorite thing about condo life is those things the association puts on the pillow.
condo mints.
I am thankful to live in the boonies!
With my pile of firewood propping up my old canoe, and the dogs shitting where they will.
condo mints.
Rat turds?
I'd comment, but I'm on my iPod.
€£¥
condo mints.
dirk
The name of our monthly news letter. Classy, eh?
I passed THE world's ugliest McMansion EVER yesterday. Huge, even for a McMansion and built right alongside the highway. What are people thinking?
John called me the Dirk Hotel.
Cindy McCain, Mavarette/Kent |
hey!
With my pile of firewood propping up my old canoe, and the dogs shitting where they will.Hell, I have that right here in downtown Chicago.
If she lowered her price, she could make it up when she buys, because she can buy a home cheaper in this market.
The name of our monthly news letter. Classy, eh?
qlª | Homepage | 05.03.08 - 1:54 pm | #
ick.
i hate puns.
Condo associations seem evil.
leibniz♘☮ | 05.03.08 - 1:44 pm | #
Actually, co-ops are the restrictive ones.
“When the history is written, it will be said this is a safer country and more hopeful world because George Bush was president,” Cheney said.
Vice President Dick Cheney Friday night.
Many many Americans agree
So, A - when's the big move?
Have you packed yet?
If she lowered her price, she could make it up when she buys, because she can buy a home cheaper in this market.
If she loses money it's ok because the larger investment she need to make won't be as large as it would have been? Huh?? If she loses money, she loses money, regardless of what her next investment costs.
Many many Americans agree
auggiesback | 05.03.08 - 1:56 pm | #
almost 13% of the country!
Unfortunate, although these sorts of things are actually quite mutable through the condo political process. Find out who else in the association is in a similar predicament, get a couple of influential (usually elderly) owners on your side and you can make most anything happen.
APS
Some of the Big Media workers say BHO looks tired and fatigued, but that's not what accts for his demeanor lately; in fact, he is deeply worried that he has destroyed his candidacy through his associations. And it shows in his face and in his nervous responses.
It's too late. Your party will lose the White House again, Dhimmis.
No solar panels? Dumbasses.
That maximum % renters bylaw is unconstitutional.
Many many Americans agree
All 27 % -- lowest ever for any president.
The last three houses I've worked on have been Mcmansions, 3k sq. ft. being the smallest! One couple had three grown kids leaving soon, the other two had one child each. I even put an elevator in one of them!
If she lowered her price, she could make it up when she buys, because she can buy a home cheaper in this market.
annie | 05.03.08 - 1:54 pm | #
Of course, how this is relevant to the fact that I'm a fat bearded Aggie transvestite is a mystery I frankly can't solve.
Help me out here, people!!!!
I love eating whatever shit the Bushies throw out.
All 27 % -- lowest ever for any president.
Hecate, Runnymeade Conspirator
less than that. not everyone who thinks he's doing an ok job believes that he's made the country safer or the world more hopeful.
they can't ALL be that dumb.
Speaking of weird community arguments, I live in a townhouse that is on college property. I pay Time-Warner for intertubes and cable. I asked the college why they didn't just expand their wireless broadband to the townhouses? I would be willing to pay half a year or a year's tolls to Time Warner to build the network.
What I get back from somebody in computer services is that the college would then be competing with Time-Warner. Dear God! Deprive a corporation of $$$? It makes no sense. My living in heavily-subsidized housing deprives thousands of real estate agents of their right to sell me homes. And think of the starving lawn keepers and waste management companies!
Many many Americans agree
auggiesback | 05.03.08 - 1:56 pm | #
Does that mean you've learned to count past ten?
Many many Americans agree
we call that 23% of the population the dead-enders.
stupider than stupid.
It's too late. Your party will lose the White House again, Dhimmis.
Toby Petzold | Homepage | 05.03.08 - 1:57 pm | #
You should take the above very seriously. Toby has a flawless track record about predicting stuff.
She isn't losing money. She wants full price for her home, but won't be paying full price for the home she buys.
The market has changed. Gotta live with it, or take a loss.
Two choices. Should there be another?? Maybe she should be payed the difference in what she thinks she can get for it, and what it will actually sell for, like the actual market value, by the "government?"
Give me a break. People are losing their homes.
If she lowered her price, she could make it up when she buys, because she can buy a home cheaper in this market.
No.
seriously, who gives a shit what Cheney says? I didn't even know he was still alive...
In the Phoenix area you can drive for miles along streets with high walls on either side.
Well, you can if you want to. I prefer to hang out in my part of town, where we don't even bother to put in boundary walls, 'cause the irrigation doesn't move properly if you do.
If she loses money, she loses money, regardless of what her next investment costs.
But there's the issue of sunk costs and chasing losses.
I was listening to a report on the radio that in a declining market, people ask proportionately more than when prices are going up. They're looking for the bigger fool to come along and pay way above fair value.
“When the history is written, it will be said this is a safer country and more hopeful world because George Bush was president,” Cheney said.
Stop, you're killing me...
Toby
How's that volunteer work for Tony Zirkle coming along? Are you meeting new people and making new friends?
it's so nice when the National Socialist White Peoples Party volunteers pitch in and help get their candidates elected.
So when gold prices go up, and then down, I should demand the price I paid for the gold if I CHOOSE to sell in a depressed market? Even though I'm going to buy gold again, at the cheaper price??
And even though a LOT of people lost all their gold?
Talk about fantasy land.
Stop, you're killing me...
Literally.
Btw - while I did not intend to learn this quite yet*, the pool really is almost warm enough for me to go swimming.
*fell in while cleaning it. oops.
GWPDA, feel free to edit that to read "one can" - I live far enough east that people are tearing out old 1950's retirement trailers to put in their McMansions. Gives the place a really weird pattern. Junk stacked up in one yard, manicured lawn in the next, and a stable the one after that...
Just made my rounds to the farmers' market and grocery store for the rest of the supplies--a ton of cat litter, etc.
I had one thought about the horrendous rise in the price of corn: maybe they'll quit using so much of that damn high fructose corn syrup in just about everything. If it has HFCS in it, I don't buy it.
I'll get used to baking all my own bread, like I should have been doing all along.
Talk about fantasy land.
speaking of fantasies, did Helium.com ever cut you that $24 check, Allen?
Gives the place a really weird pattern. Junk stacked up in one yard,
manicured lawn in the next, and a stable the one after that...
You all ever going to have any actual zoning out there?
Say, what's Ned Lamont up to these days?
If she married and had a child, the kid is what, 3-years-old at most? How much room does a 3-year old really need?
And no bullshit about "good schools" - the kid doesn't need 'em yet.
Susannah should just suck it up and stay put, there are worse places to be.
http://www.richard-seaman.com/ Wa...ilfordSound.jpg
Buckeye. Dealer of Rare Coins
*
I likee!
Nancy Willing | Homepage | 05.03.08 - 1:19 pm
Milford Sound, part of Fiordland National Park.
http://www.fiordland.org.nz/
I've been to Norway, so it's only correct that I compare Norwegian fjords with New Zealand fiords.
Talk about fantasy land.
annie | 05.03.08 - 2:02 pm | #
Am I trolling as a lib or repug?
I'm having trouble remembering....
“When the history is written, it will be said this is a safer country and more hopeful world because George Bush was president,” Cheney said.
Stop, you're killing thousands of American soldiers and innocent Iraqis...
steve simels
Fixed your typo.
The reason she hasn't received an offer is because it's overpriced for the market.
Zoning? Didn't you know this is the wild, wild west?
I'm not holding my breath, anyway.
"Susannah Moss doesn't wear a flag pin"-cable news
Tony Zirkle is the best thing that could have happened to Toby, giving him a whole new circle of people to annoy.
Down with your corn laws. The United Nations are the bride of Antichrist. Philips is a German and he hath my pen.
Say, what's Ned Lamont up to these days?
Toby Petzold | Homepage | 05.03.08 - 2:05 pm | #
Fuck him. What's Lamont Cranston up to these days?
Long ago in the Orient, he learned a strange hypnotic secret -- the power to cloud men's minds so they cannot see him!!!!
Susannah Moss's
Thanks, Dumbya, for shoving it up her ass.
Have you no respect for the softer side?
Junk stacked up in one yard, manicured lawn in the next, and a stable the one after that
There used to be this semi-rural area near Riverside Cal that was like that.
I can't remember what the name of the area was though. Dirt road, actual working farms, some ranchettes, with horses on them and some upscale housing.
Namestealer. How simelment.
Mom just brought me a fresh bag of Cheetos.
Moss is not the only owner in her building who wants to become a landlord, and the issue has created tension. The debate "has created division within the community, and tempers and feelings are running very high," said Moss, who also is a real estate agent.
real estate agent, wannabe landlord, and dollars to donuts a Republican.
bwahahahahaha.
Ah, zoning. That's one of them areas the neo-hippie yuppiphate likes to use to control the community.
Mmmmmmm ... I love cheetos.
Speaking of dirt roads and such, one thing that still amazes me about this area is the lack of culverts. I know it doesn't rain much, but still, when it does the streets and roads just kind of stop. Gilbert where it crosses the Salt River is down to two lanes again because the other side didn't have a bridge and the low water mode didn't stand up to the water...
Ah, zoning. That's one of them areas the neo-hippie yuppiphate likes to use to control the community.
Toby Petzold | Homepage | 05.03.08 - 2:11 pm | #
This coming from someone who lives in a trailer park ...
Presumably, Ms Moss has also informed her mortgage holder that her mortgage status will be changing from owner occupied to rental? Along with notifying the IRS of course, so as to not illegally take a full mortgage deduction rather than pay the appropriate investment allocation?
Hi fellow moonies
Was in Washington for a conference last week & stayed at the Hilton. On Saturday evening, coming out of the elevator, I knew something was up when I crossed John Fund. It was the WH presscorp dinner.
Standing in the lobby, I crossed paths with Candy Crowley, Bill Schneider, a few FOX parrots, Jessica Simpson (they invited several celebrities to jazz the thing up). Lastly, RW radio host, Laura Ingram looked me over (I swear she was giving me the eye), then walked across & bumped me as we crossed paths.
In 2005, George Gozen jumped into the condo craze, buying several units that he planned to sell quickly. When the market turned sluggish, he decided to rent out his two remaining Washington area condos. He is looking for tenants but is facing a 20 percent cap on rentals in both buildings.
Now, that's someone I have NO sympathy for ...
Carter, that's just weird. Did that Laura person recognize you and take a dislike to you, or was it accidental?
"I know it doesn't rain much, but still, when it does the streets and roads just kind of stop. "
This sounds like Tucson. There are some underpasses that flood when it rains. Nothing could or should be driven under them when it floods but a submarine. The water height lines on the underpasses go up to 14 feet, with corresponding high water mud marks.
Ready for 8 buck a gallon gasoline?
Opec warns of $200 oil as price hits new high
Doug
The White House will only give thanks and rejoice. After all, what's good for Halliburton/Mobil/BP/etc is good for the GOP.
And this can, of course, only be great news for the Republicans.
Presumably, Ms Moss has also informed her mortgage holder that her mortgage status will be changing from owner occupied to rental? Along with notifying the IRS of course, so as to not illegally take a full mortgage deduction rather than pay the appropriate investment allocation?
It's astounding the number of extra rooms, houses and such that are rented out here without declaring the rent as income.
Liberals always know what's best for me, those high densitarians.
I need to live downtown where I can not drive but walk.
Walk, damn you! Gaia demands it!
The reason she hasn't received an offer is because it's overpriced for the market.
annie | 05.03.08 - 2:06 pm | #
i'd buy that for a dollar!
It's astounding the number of extra rooms, houses and such that are rented out here without declaring the rent as income.
Ah, the one piece of bright economic news: The increase in gray and black market activities you can expect during bad times.
neo-hippie yuppiphate
Wow. Tubby thinks its cute.
About as funny as a turd in the punchbowl.
I love brownies and cookies, too. But Mom won't let me have any more, because I barely fit through the basement door as it is.
The 20% rule isn't the fault of the condo association. It's a Fannie Mae rule. If the number of renters exceed 20%, you can't get conventional financing. Bitching about the association gets you nowhere. It's the Feds that created the situation.
I passed THE world's ugliest McMansion EVER yesterday. Huge, even for a McMansion and built right alongside the highway. What are people thinking?
Hecate, Runnymeade Conspirator | Homepage | 05.03.08 - 1:54 pm
Can I just say, in my best East Daytonese, that just don't make no fucking sense.
Why would you spend all that money to have a view of a highway in N Va?
Now, that's someone I have NO sympathy for ...
Brooklyn Girl, flittermouse
That's why i clipped it. How are you doin'?
Carter, that's just weird. Did that Laura person recognize you and take a dislike to you, or was it accidental?
helena handbasket
I'm thinking she was making moves on me the way she looked me over. For the record, I wouldn't touch her with a 10 foot pole.
BTW, Bush addressed the WH presscorp dinner. It was a tux & expensive gown gather. Candy Crowley must be 3 feet tall with a similar width.
Apparently, Dumbya, you don't quite grasp the role of the president. You want to take credit for the things that go right (which, so far, is a big fat zero), and shirk responsibily for the things that go wrong (which is everything you fucking touch).
As HST put it, "The buck be on you."
wanking owls!!!!!!!!!!
Why would you spend all that money to have a view of a highway in N Va?
I once lived in an apartment right next to a highway. I remember the sound of trucks roaring by at night. i didn't like that and I moved pretty soon. I can't imagine wanting to purchase a house with the same background sound track.
However, I've been making aeolian pipes lately, and this is the sound around my house.
http://members.aol.com/woinem6/s...ds/
teltshi3.mp3
Apparently, Dumbya, you don't quite grasp the role of the president. You want to take credit for the things that go right (which, so far, is a big fat zero), and shirk responsibily for the things that go wrong (which is everything you fucking touch).
heh.
And his loyal jackanape Tubby Peehole backs him to the hilt.
Comment by Toby Petzold blocked.
Comment by annie blocked.
Comment by auggiesback blocked.
Now THAT'S a trifecta!
Speaking of trifecta... who do you like in the Derby?
That's why i clipped it. How are you doin'?
Culture Of Truth | Homepage | 05.03.08 - 2:23 pm | #
I'm good!!! It's been a while ... how're you?
Hiatt wankery sheets above.
I didn't see this covered so I'll take a stab at it.
We're a fairly recent condo conversion (270+ units), and I sit on our HOA board. As far as we can tell the 20% rule is something imposed by way of requirement of most mortgage lenders, not HOA boards. We certainly don't like the cap and it hurts us all as people who can't rent out their condos too often dump them to get out from under, and that hurts everyone's property values.
We're trying hard to change our bylaws to remove that rental % cap and instead implement a system where potential renters must meet a minimum score instead. Details are being hammered out in committee and we hope to create something acceptable to the major lenders.
While the conventional wisdom among lenders is that owners make better tenants than renters (and maybe this is the case on some conversion projects), the truth is that we've had more problems with owners than we have with renters, who often times are "transient" professionals (athletes, musicians, corporate executives, students) or empty nesters who just don't want a new mortgage at that stage of their lives.
So please don't blame the HOA boards. The cap is the mortgage lenders' lazy way of "protecting" their collateral by imposing a One Rule Fits All approach.
Before people start convincing themselves that condo associations are "evil," we should consider two things: 1) while renters are no more or less riff-raffy than owners, the only financial incentive the former have to respect the property (including common properties such as hallways and elevators) is their security deposit, while owners have a great deal more invested. 2) realizing this, insurance companies often deny coverage to Home-Owners Associations in condo buildings with more than 20% non-owner residents.
Thus, it is not the HOA, but the insurance company that establishes this rule. Condo Boards that choose to alter their by-laws (or grant exemptions) risk losing their insurance, severely handicapping the ability of owners to maintain and/or improve the building.
So, Susannah just Walks Away. Leaving a foreclosure and a bank-auction behind her. How's the condo association gonna dig that? Screw 'em.
Co-op owners in NYC certainly do. It took us three years to implement a limitation on sublets to two years, what with the grandfathering.
The reason for restriction like this is that owners are much more likely to adhere to rules and treat the building well. Also, lenders to both the corporation and to the individual leaseholders consider percentage of owner-occupancy an indicator of building stability.
So, Susannah just Walks Away. Leaving a foreclosure and a bank-auction behind her. How's the condo association gonna dig that? Screw 'em.
David Eoll | 05.03.08 - 3:00 pm | #
So the HOA should choose between losing their insurance and having their property downgraded in the eyes of lenders because of a high rental ratio on the one hand, and more of the same because of unit foreclosures on the other? And you say "screw 'em?" Their already being screwed because a) someone's lifestyle demands have exceeded her real estate planning or b) someone tries to make money flipping apartments and forgot to respect the laws of gravity.
The basic problem here is that people have come to see real estate purchases as shorter- and shorter-term investments. Anyone who thinks Suzannah is somehow entitled to profit off of an investment after only 3 years has a drastically unrealistic view of real estate value appreciation.
Yes, it sucks that her apartment is too small for her growing family. And it sucks that she can't find a buyer. But to blame the condo association, comprised of neighbors with spouses and children and dogs and stagnant wages... that's just silly. It's not like GE is swooping down, gaining control of HOAs, and enforcing draconian rental rate restrictions.
Guess what? Suzannah might be suffering, but she chose to buy the apartment, get married, and have a child, all in a very short period of time. Did she know she wanted children when she found the apartment? Was she already dating her now husband? I might also ask if she intended to move out in just a few years when she closed on the condo. If so, she accepted the risk that the market might turn down (anyone who was paying attention should have known we were long overdue). She accepted the risk that her options would narrow while her needs would expand. A more appropriate plan might have included buying a condo with spare room that could be converted into a nursery, rather than the expectation that she could suck a little profit out of the helium filled real estate bubble.
The HOA, on the other hand, is filled with people a lot like her, only that they don't complain about the rules to which they all agreed. What reason is there to believe that they should bear the costs of her choices instead of her?
In the past I've seen lenders get nervous way below the Fannie Mae cutoff of 49% renters. Look for lenders to require high down payments of 20% - 40% if more than 30% are rented out; they assume you are an investor and plan to rent it out.
Forgot to mention - prices drop as renters move in.
Who gives a shit?
Die, upwardly mobile person, die!
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