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  1. #13951
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    Plus they're saving bank on moving expenses.

  2. #13952
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    Quote Originally Posted by Meadow Skipper View Post
    Flippers are worse than the rich (not that they’re always different). Change my mind.
    Quote Originally Posted by Buster Highmen View Post

  3. #13953
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    Nov 2006
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    Bozeman
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    Real Estate Crash thread

    Global top 10% is less than $59k a year for a family of 4. Earn above $110k a year and you are in the top 1% globally.

    "The richest one percent of the world’s population are responsible for more than twice as much carbon pollution as the 3.1 billion people who made up the poorest half of humanity during a critical 25-year period of unprecedented emissions growth."
    https://www.oxfam.org/en/press-relea...-half-humanity

    Does that make this a shithole country or support an argument for neutering the rich? Asking for a friend...(and no, I don't mean Glade)

  4. #13954
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    Maybe if we just had a more progressive estate tax we could avoid having to go around doing all this neutering.

  5. #13955
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    Sep 2006
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    There's enough toxins in the air, water, food that we breath, drink, and eat to start the process of lowering fertility rates. Nature always wins.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  6. #13956
    Join Date
    Aug 2016
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    2,980
    Quote Originally Posted by WMD View Post
    Global top 10% is less than $59k a year for a family of 4. Earn above $110k a year and you are in the top 1% globally.

    "The richest one percent of the world’s population are responsible for more than twice as much carbon pollution as the 3.1 billion people who made up the poorest half of humanity during a critical 25-year period of unprecedented emissions growth."
    https://www.oxfam.org/en/press-relea...-half-humanity

    Does that make this a shithole country or support an argument for neutering the rich? Asking for a friend...(and no, I don't mean Glade)
    the funniest thing about this shit is PPP means the lifestyle of Bozeman is way, way, way more expensive in lots of the world.

  7. #13957
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    Mar 2006
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    Beaverton, OR
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    712
    Quote Originally Posted by Dantheman View Post
    He said this guy was collecting $100k/month.
    My bad....I didn't read the post before I submitted. $100K/year


    Oh and timely article on Forbes:

    https://www.forbes.com/sites/adamand...h=4d22e0554012

  8. #13958
    Join Date
    May 2007
    Location
    Sandy, Utah
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    13,423
    Quote Originally Posted by Harry View Post
    Buddy in Missoula did a HELOC and paid $235,000 for his 22 y/o step-daughters destination wedding in Maui. Marriage lasted 6 months. He was a truck driver for WalMart.


    Sent from my iPhone using TGR Forums
    Thats just plain stupid. Period.

    Sent from my Pixel 4a (5G) using TGR Forums mobile app
    http://www.firsttracksonline.com

    I wish i could be like SkiFishBum

  9. #13959
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    Quote Originally Posted by ötzi View Post
    Maybe if we just had a more progressive estate tax we could avoid having to go around doing all this neutering.
    The first $11.7 million is currently exempt from federal estate tax. So I guess according to our government, only those with more than $11.7 million are rich.

  10. #13960
    Join Date
    May 2007
    Location
    Sandy, Utah
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    13,423
    Quote Originally Posted by Meadow Skipper View Post
    Flippers are worse than the rich (not that they’re always different). Change my mind.
    Not if they are taking crap properties, improving them, and reselling. The scenario listed above is a total dick move though. I agree.

    Sent from my Pixel 4a (5G) using TGR Forums mobile app
    http://www.firsttracksonline.com

    I wish i could be like SkiFishBum

  11. #13961
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    Quote Originally Posted by Skidog View Post
    Not if they are taking crap properties, improving them, and reselling. The scenario listed above is a total dick move though. I agree.
    For (probably indefensible) reason, I don’t think of people that fix places up and sell them as ‘flippers.’ In my mind it applies to people that exploit markets shamelessly.

  12. #13962
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    Sep 2005
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    PRB
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    Quote Originally Posted by Meadow Skipper View Post
    For (probably indefensible) reason, I don’t think of people that fix places up and sell them as ‘flippers.’ In my mind it applies to people that exploit markets shamelessly.
    That said, it takes serious balls to do what those people did. To plunk down $800k and try to turn that into more immediately is a strange and ballsy move.
    "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
    "I'd eat a bag of Dicks and wash it down with a Coke any day." - iceman

  13. #13963
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    Nov 2007
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    1.1 ac lot in San Francisco listed at $75,000. One catch: it’s underwater near where Candlestick Park used to be. https://www.newsbreak.com/news/22400...l-estate-world

  14. #13964
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    Feb 2008
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    Quote Originally Posted by Ted Striker View Post
    Here you go. This house in my hood was listed for 710k at the end of April. Everything had been done - including building a single car garage - but it's still only a 1,380 sq ft rambler, so that's pretty ridic. It got bid up to 822k in the first week, and the winners closed in three days, which usually means cash buyer.

    Today, the new owner put it back on the market for 895k. Basically $600/sq ft.

    https://www.zillow.com/homedetails/2...23624317_zpid/
    Now _that_ is the content that keeps me coming back to this thread. Crazy shit. As someone contemplating a move to Bellingham, sounds like I should just live in a van.

  15. #13965
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    Quote Originally Posted by 54-46 View Post
    1.1 ac lot in San Francisco listed at $75,000. One catch: it’s underwater near where Candlestick Park used to be. https://www.newsbreak.com/news/22400...l-estate-world
    That's just silly. I thought in CA the tidelands were all public land, similar to OR. In WA, you can own the beach all the way down to below the low tide marker (so you can own underwater property, but I believe it would always be connected to above water property).

  16. #13966
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    Dec 2010
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    Quote Originally Posted by 54-46 View Post
    1.1 ac lot in San Francisco listed at $75,000. One catch: it’s underwater near where Candlestick Park used to be. https://www.newsbreak.com/news/22400...l-estate-world
    Sink some piles, throw a house on stilts, and hot damn you got yourself a waterfront house in SF for "cheap".

  17. #13967
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    That seems like it could be pretty cool IMO.
    Live Free or Die

  18. #13968
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    Aug 2016
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    I would think it’s utterly undevelopable. Weird looking at the old block map books and seeing names like Andrew Molera
    https://sfplanninggis.org/PIM/

    pim 4924010 for the lot, there’s PDFs of old block maps. It was owned in the past, then some break, then sold? Just weird

  19. #13969
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    Mar 2006
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    Beaverton, OR
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    712
    Quote Originally Posted by Danno View Post
    That said, it takes serious balls to do what those people did. To plunk down $800k and try to turn that into more immediately is a strange and ballsy move.
    Especially when the commission to sell is going to eat up most of that "gain". Who knows...maybe he is a realtor creating his own work or bought it and is happy to live in it but feels "well I like the place but IF you are willing to give me what I am asking I will gladly sell"

  20. #13970
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    Sep 2006
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    Quote Originally Posted by californiagrown View Post
    Sink some piles, throw a house on stilts, and hot damn you got yourself a waterfront house in SF for "cheap".
    From the article, someone made that suggestion. Also, the dude bought it sight unseen 6 years ago for $5k. Offer him $6k, and go from there. But, some dude with a mega yacht, oh, I don't know, like Bezos our Zuck could just put a pier on the property for the yacht.

    Maybe stick a floating house on it, if the codes allow for such a thing. Then you are set.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  21. #13971
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    Aug 2006
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    6,904
    Quote Originally Posted by sirbumpsalot View Post
    Especially when the commission to sell is going to eat up most of that "gain". Who knows...maybe he is a realtor creating his own work or bought it and is happy to live in it but feels "well I like the place but IF you are willing to give me what I am asking I will gladly sell"
    5K seems like cheap marketing for a dirt pimp to get his name out there actually like this guy has done now.

    I tend to think realtors are useless but I respect this man's hustle, and if you are going to have / be forced to use a realtor, you want one that hustles.
    Live Free or Die

  22. #13972
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    Mar 2008
    Location
    the ham
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    9,595
    Quote Originally Posted by ötzi View Post
    Plus they're saving bank on moving expenses.
    I saw a moving truck there the day after it closed. Turns out it was delivering the staging furniture etc. They reshot all of the pictures.

    Quote Originally Posted by sirbumpsalot View Post
    Especially when the commission to sell is going to eat up most of that "gain". Who knows...maybe he is a realtor creating his own work or bought it and is happy to live in it but feels "well I like the place but IF you are willing to give me what I am asking I will gladly sell"
    In WA a realtor selling their own property must disclose that info in the listing. I suppose he could work for eXp in some other capacity and has some kind of handshake deal (it is after all, a pyramid scheme)

    Or maybe the new owner really is that ballsy. If he gets his price he's putting 25 grand in his pocket for tying up 822k for less than a month.

    They're holding three open houses this weekend. I think the plan is to sell it

  23. #13973
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    Dec 2006
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    Planning an exit
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    5,587
    Quote Originally Posted by 54-46 View Post
    1.1 ac lot in San Francisco listed at $75,000. One catch: it’s underwater near where Candlestick Park used to be. https://www.newsbreak.com/news/22400...l-estate-world
    "And for the weather? Sunny and mild with some amazing views."

    Bull fucking shit, unless it has a different weather pattern than the Stick, that is 1.1 miles away. Never so fucking cold in August than going to see a game with my dad. I was like "why the fuck are we bringing blankets?"

  24. #13974
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    Nov 2007
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    4,633
    Quote Originally Posted by concretejungle View Post
    "And for the weather? Sunny and mild with some amazing views."

    Bull fucking shit, unless it has a different weather pattern than the Stick, that is 1.1 miles away. Never so fucking cold in August than going to see a game with my dad. I was like "why the fuck are we bringing blankets?"
    Yep! If a vendor dies and goes to Hell, he must try to sell Carnation Chocolate Malt Ice Cream at a Candlestick Night Game and watch Johnnie LeMaster at the plate for eternity.

  25. #13975
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    Jan 2005
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    Mullet house. Cottage in front, modern in back:

    https://www.zillow.com/homedetails/1...NaWldMvPKDJeck

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