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  1. #18626
    Join Date
    Dec 2016
    Location
    In a van... down by the river
    Posts
    13,643
    Quote Originally Posted by Ted Striker View Post
    It's a barber's chair, and the razor strap is still hanging from it.

  2. #18627
    Join Date
    Oct 2005
    Posts
    11,735
    Quote Originally Posted by AK47bp View Post
    You let your wife know that garage hot tubs are just about the classiest thing you can do. Bonus if inflatable.
    Attachment 389149



    Sent from my iPhone using TGR Forums
    Well there it is. Defo classy.

  3. #18628
    Join Date
    Sep 2004
    Location
    Ootarded
    Posts
    4,054

    Real Estate Crash thread

    Quote Originally Posted by Harry View Post
    Includes a Dentists chair in the living room.
    …is it safe?

    Name:  b0b15dd213336f1dd7bffad5ac3d0e9b.gif
Views: 469
Size:  812.0 KB

    Edit to add damnit Danno beat me to it.

  4. #18629
    Join Date
    Apr 2010
    Posts
    805
    Quote Originally Posted by glademaster View Post
    It's ok to call it a Guido house, Benny.
    Thats not that bad, at least its not a 100'x50' box.

    We live in a pretty conservative new england town. Check out these beauts.. right one was built by and Irishman in the concrete business and the left one has fish scale steel siding.

  5. #18630
    Join Date
    Aug 2008
    Location
    Where the climate suits my clothes.
    Posts
    5,601
    ^^ wow. is that a special elective in architecture school? Can't remember ever seeing something quite like it in person

  6. #18631
    Join Date
    Oct 2003
    Location
    Looking down
    Posts
    50,491
    That's not guido.

  7. #18632
    Join Date
    Sep 2005
    Location
    Not in the PRB
    Posts
    32,776
    I don't mind those houses. Though admittedly, they'd look out of place next to a 200 year old farmhouse.
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy

  8. #18633
    Join Date
    Oct 2007
    Posts
    12,609
    The second one probably looks more approachable under the correct aspect ratio.

  9. #18634
    Join Date
    Nov 2005
    Location
    Down In A Hole, Up in the Sky
    Posts
    35,358
    Quote Originally Posted by JayPowHound View Post
    ^^ wow. is that a special elective in architecture school? Can't remember ever seeing something quite like it in person
    It’s from the little known ‘minecraft’ school. Very influential among the 9 year old architects.
    Forum Cross Pollinator, gratuitously strident

  10. #18635
    Join Date
    Nov 2004
    Location
    YetiMan
    Posts
    13,370
    Quote Originally Posted by Conundrum View Post
    It's only trashy if your garage is carpeted.
    Omg I’ve had that.

    Lol I’m such a skeezer

  11. #18636
    Join Date
    Apr 2010
    Posts
    805
    Quote Originally Posted by Name Redacted View Post
    The second one probably looks more approachable under the correct aspect ratio.
    I've been in the second one a few times. Its massive inside and has interior concrete waĺls and floors. There's a lot of floor to ceiling drapes to counter the concrete. Better pic

  12. #18637
    Join Date
    Nov 2005
    Location
    Down In A Hole, Up in the Sky
    Posts
    35,358
    I actually kinda like it.
    But I would want wood floors, for sure.
    What are the odds that there are two Teslas in that garage?
    Forum Cross Pollinator, gratuitously strident

  13. #18638
    Join Date
    Apr 2010
    Posts
    805
    Might be now but a diesel truck and merc w prior owner.

    Sent from my SM-G998U1 using Tapatalk

  14. #18639
    Join Date
    Dec 2009
    Location
    The Mayonnaisium
    Posts
    10,467
    I like it. Everything except the afterthought sticking off the right side.

  15. #18640
    Join Date
    Nov 2005
    Location
    Down In A Hole, Up in the Sky
    Posts
    35,358
    I think it might be an architectural ‘tip of the hat’ to the iconic cantilevered houses in the Hollywood hills. But maybe not.
    Forum Cross Pollinator, gratuitously strident

  16. #18641
    Join Date
    Jan 2010
    Location
    2 hours from anything
    Posts
    10,732
    Quote Originally Posted by VTeton View Post
    I've been in the second one a few times. Its massive inside and has interior concrete waĺls and floors. There's a lot of floor to ceiling drapes to counter the concrete. Better pic
    Looks pretty sweet to me. I’d of wanted more glass especially in the elevated room but…

  17. #18642
    Join Date
    Mar 2008
    Location
    the ham
    Posts
    13,370
    That the box on the upper right must detach, and can roam the countryside on its mechanical legs, right? Otherwise, what's the point?

  18. #18643
    Join Date
    Oct 2007
    Posts
    12,609
    I like the box, and yeah, it need to be more functional. I hope there's a rooftop deck or something. I would at least put in an escape hatch via fireman pole (which could of course double as a stripper pole).

    We are putting our rental condo on the market and seeing what happens. Market is just too hot right now. Gonna roll the dice and see if we can't 1031 the gains into something better. If not, we will just pay the taxes and move on.

  19. #18644
    Join Date
    Nov 2002
    Posts
    8,710
    If not, we will just pay the taxes and move on.
    Underestimated strategy. Cap gains are probably never going to be lower in our lives. 1031 is just tax deferment. If you can afford it, take the step up in basis and start over. Overly simplified but, it is what I'm considering. Exceptions would include if you planned to either move into your rental one day or figure out a reason to not sell it from income ever. There are also some ways to just park the money on dirt and not pay taxes but you gotta hustle to find some property associated income to make it legal. Good problems to have.

  20. #18645
    Join Date
    Oct 2003
    Location
    Looking down
    Posts
    50,491
    Man, I would think that an asset like a rentable ski area condo that has been locked into an inflation protected cost and is seeing double digit income increases practically every year is a stupid thing to sell. It's like those commercials trying to get you to cash out your "annuity" income (which, yeah, is fixed, usually) for a lump sum. "I want my money now!"
    There are a lot of people in Summit county that bought condos there in the late eighties for what is now pocket change that may be living off the income of a few pretty well. Money machines.

  21. #18646
    Join Date
    Oct 2007
    Posts
    12,609
    Quote Originally Posted by Foggy_Goggles View Post
    Underestimated strategy. Cap gains are probably never going to be lower in our lives. 1031 is just tax deferment. If you can afford it, take the step up in basis and start over. Overly simplified but, it is what I'm considering. Exceptions would include if you planned to either move into your rental one day or figure out a reason to not sell it from income ever. There are also some ways to just park the money on dirt and not pay taxes but you gotta hustle to find some property associated income to make it legal. Good problems to have.
    Yeah, I think that we will end up with at least a partial 1031. I have a few leads on properties that aren’t going on the market, one is commercial.

    Or maybe we just blow it all on Sprinter vans, motorized toys, or invest in some dogecoins. I don’t know yet. Haha.
    Last edited by Name Redacted; 10-16-2021 at 02:46 PM.

  22. #18647
    Join Date
    Sep 2006
    Posts
    8,242
    It's already tough out there trying to compete with Boomers and older Gen X'ers with cash. Back in the day you just how to compete with your fellow citizens, now you have to bid against the man.

    https://finance.yahoo.com/news/zillo...160557830.html

    Zillow, which acquired more than 3,800 homes in the second quarter, will stop pursuing new purchases for the remainder of the year as it works through a backlog of properties already in its pipeline.

    “We’re operating within a labor- and supply-constrained economy inside a competitive real estate market, especially in the construction, renovation and closing spaces,” Jeremy Wacksman, Zillow’s chief operating officer, said in a statement. “We have not been exempt from these market and capacity issues and we now have an operational backlog for renovations and closings.”

    Shares of Opendoor, one of Zillow’s competitors, jumped as much as 7.9% to $25.27 after the company said it was “open for business.”
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  23. #18648
    Join Date
    Oct 2007
    Posts
    12,609
    Zillow is funny. Last week my condo was worth $100k less than I listed it for. Today, their "Zestimate" changed to exactly the price that we were asking for. What a co-inky-dink!

    Appraisals themselves are also complete bullshit too though. Our condo appraised a few months ago for $150K less than we are selling it for. Pretty sure the guy just cut and pasted one of the comps from our building without taking into account the fact that our unit was way different and that comp was from last summer.

  24. #18649
    Join Date
    Dec 2003
    Location
    Nhampshire
    Posts
    7,761
    Quote Originally Posted by Name Redacted View Post
    Zillow is funny. Last week my condo was worth $100k less than I listed it for. Today, their "Zestimate" changed to exactly the price that we were asking for. What a co-inky-dink!

    Appraisals themselves are also complete bullshit too though. Our condo appraised a few months ago for $150K less than we are selling it for. Pretty sure the guy just cut and pasted one of the comps from our building without taking into account the fact that our unit was way different and that comp was from last summer.
    I mean, foundationally appraising is pretty fucked as the real price is "whatever the market will bear" which you don't know until after. Given the number of variables, there's not a lot of good ways to get to a number in supply constrained situations or when there's a low number of comps. Not to mention it's somewhat window dressing given that someone that consistently underappraises will probably get dropped by banks, even with good reason as they'll just package and sell the loan anyhow.

  25. #18650
    Join Date
    Sep 2005
    Location
    Not in the PRB
    Posts
    32,776
    yeah, I noticed that when we listed our house 3 months ago, the zestimate remarkably changed to match our asking price.
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy

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