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(@thebionicman)
Posts: 4438
Customer
 

My brother is in the bay area. No home on his block is under $1000 a square foot. He's not a Surveyor...

 
Posted : December 13, 2016 8:42 am
(@dave-karoly)
Posts: 12001
 

Robert Hill, post: 403823, member: 378 wrote: Maybe not.
But a CA surveyor could probably flip his home with it's associated Californicated property value and head east to settle.

I was thinking along your lines about James's email. He could reply to
the attorney that if he is not knowledgeable of the process then he could call James to be advised of the process. Of course, this call would be billed to attorney.

The problem here is California is an economic powerhouse but housing creation has lagged behind job creation, especially in the Bay Area where job creation has outstripped housing creation by about 4 times. My in-laws were able to purchase a house in Palo Alto in the 1960s on his Fish & Game Warden salary, not even close to sufficient income today.

Sacramento hasn't quite taken off yet but Bay Area businesses are starting to move up here for the cheaper office rents. If everything holds together we'll be there in about 5 to 10 years which will work out for me wonderfully in retirement. The economy could collapse too but then we will all be up a creek without a paddle.

 
Posted : December 13, 2016 8:46 am
(@holy-cow)
Posts: 25292
 

Deer Dum Bass Attorney,

We would charge $17.3 bazillion dollars (USD) to fulfill the requested scope of services.

Please submit a non-humorous request for services and we will supply a non-humorous estimate.

Yers Truly,

Wile E. Surveyor

 
Posted : December 13, 2016 9:56 am
(@a-harris)
Posts: 8761
 

Near 15yrs ago a bank convinced my son that when he became stationed in Oxnard he needed to invest in a condo.

Going in the bank quoted him $268,000 and at time of closing that had turned into $317,000.

After his 4yr term there he decided not to reup and put the condo on the market and the bank gave him an appraisal of $285,000.

I doubt he and his wife will ever think of going to California again.

 
Posted : December 13, 2016 10:31 am
(@deleted-user)
Posts: 8349
Registered
 

A Harris, post: 403848, member: 81 wrote: Near 15yrs ago a bank convinced my son that when he became stationed in Oxnard he needed to invest in a condo.

Going in the bank quoted him $268,000 and at time of closing that had turned into $317,000.

After his 4yr term there he decided not to reup and put the condo on the market and the bank gave him an appraisal of $285,000.

I doubt he and his wife will ever think of going to California again.

Problem with condo values arise when you are the "first in" to an area especially water,ski or vacation spots.
In a few years or so, the area mushrooms with new condos and the original condo settlers lose value.

Anyway for me, I rather live in a double wide than a condo

 
Posted : December 13, 2016 11:05 am
(@deleted-user)
Posts: 8349
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James Fleming, post: 403817, member: 136 wrote: Of all the condos I've worked on recently, I'm holding out for one of these:

https://mcwilliamsballard.com/properties/wardman-tower/

I filled out the information form for you.
😉
There are some condos on the river here close to the lake where you can dock your boat under the unit. Sort of like living on the river....but I would prefer a houseboat. No lease,rent or note.

 
Posted : December 13, 2016 11:12 am
(@roger_ls)
Posts: 445
Registered
 

Dave Karoly, post: 403826, member: 94 wrote: The problem here is California is an economic powerhouse but housing creation has lagged behind job creation, especially in the Bay Area where job creation has outstripped housing creation by about 4 times. My in-laws were able to purchase a house in Palo Alto in the 1960s on his Fish & Game Warden salary, not even close to sufficient income today.

Sacramento hasn't quite taken off yet but Bay Area businesses are starting to move up here for the cheaper office rents. If everything holds together we'll be there in about 5 to 10 years which will work out for me wonderfully in retirement. The economy could collapse too but then we will all be up a creek without a paddle.

There was an article in the last year about a couple who worked and rented in Palo Alto, he was a tech guy and she was an attorney, they wanted to buy a house there but couldn't afford it so they had to buy elsewhere and commute in.

 
Posted : December 13, 2016 11:26 am
(@james-fleming)
Posts: 5687
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Robert Hill, post: 403851, member: 378 wrote: I filled out the information form for you.

At least I'd be in interesting company

The Wardman Tower building has been home to a number of politicians and other public figures, including two U.S. presidents:

https://en.wikipedia.org/wiki/Marriott_Wardman_Park

 
Posted : December 13, 2016 11:32 am
(@deleted-user)
Posts: 8349
Registered
 

Looks like

James Fleming, post: 403859, member: 136 wrote: At least I'd be in interesting company

The Wardman Tower building has been home to a number of politicians and other public figures, including two U.S. presidents:

https://en.wikipedia.org/wiki/Marriott_Wardman_Park

Looks like Marlene Dietrich is the outlier

 
Posted : December 13, 2016 11:56 am
 ppm
(@ppm)
Posts: 464
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Robert Hill, post: 403863, member: 378 wrote: Looks like

Looks like Marlene Dietrich is the outlier

Being that most of the rest are politicians, she could be the NON-Liar. 😀

 
Posted : December 13, 2016 3:13 pm
(@a-harris)
Posts: 8761
 

Robert Hill, post: 403850, member: 378 wrote: Problem with condo values arise when you are the "first in" to an area especially water,ski or vacation spots.
In a few years or so, the area mushrooms with new condos and the original condo settlers lose value.
Anyway for me, I rather live in a double wide than a condo

Condo was far from new and was less than 900sf and at the time mortgaged to the bank by the Air Force Sargent he was replacing.........
My point was that the bank was the only one making money and in both directions to boot.

 
Posted : December 13, 2016 4:42 pm
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