Ready for a double-dip downward spiral in housing? (Not good for Obama)

[BT]

Most non permitted building activity and code violations in my city are reported by the neighboring homeowners. And if true and permits are required the violators pay double fees.

[Christians4LessGvt]

kimba....

a home builder had a design center next door to my office....
the home builder went bankrupt and the design center sits vacant

quietly the feds shut down/takeover several banks almost every friday night
it's no accident it's on friday nights
if they they didn't do this....there could be a massive run on our banks
there is a big shell game going on
there will be a day of reckoning

i know a guy that owns a large pool building company
3 years ago he had 12 crews and was backlogged
he now has 3 crews and may drop down to two crews soon

yes counties are being hit hard on falling property taxes & falling building permits requests

[Amianthus]

it's no accident it's on friday nights

Of course not; that gives the IT guys (like me) 2 days at least to move all the data over from the failing bank to the one taking over the accounts. This way, Monday morning the customers have their brand spankin' new accounts all ready to go. All the direct deposit / direct withdrawal stuff is pointed over to the new accounts as well.

[Christians4LessGvt]

This way, Monday morning the customers have their brand spankin' new accounts all ready to go.

Exactly!
Dont worry folks.....everything is ok. 

[Xavier_Onassis]

Haveing a flipper or two around means that sellers are harder for  buyers to cheat.

==================================================================
I really question that. At the end of the housing bubble, nearly all sales were to flippers, and most of them were recruited by creeps who told them of the great wealth they were going to make for doing essentially nothing. And said flippers got stuck holding the bag, with no one to buy their overpriced houses, no money to fix up said houses, no one who could pay enough rent to cover their payments. THEN they lost the houses and they sat empty. It served the stupid flippers right.

Flippers who do not fix up the property are not only useless, they simply serve to raise the price of houses.
 

[kimba1]

it also abit more to it also


when a house is flipped the new owner will have a greater expense.

 greater ultiliies cost,maybe even higher taxes

I forgot the tv show which a bunch of professional home improvers remodel peoples homes.

what not mentioned is some of those people had to sell those homes because it got too costly to keep.

the show "pimp my ride" had the same problem.

[Christians4LessGvt]

when a house is flipped the new owner will have a greater expense.

well the new owner was not forced to buy it
the new owner freely chooses to buy it

the new owner could have studied the market
fixed the house or another house up themself

instead of buying a house they like
then bitching about the real estate investor
they bought it from making money

i feel the same about ticket scalpers
they perform a service the market wants

[Amianthus]

I really question that. At the end of the housing bubble, nearly all sales were to flippers,

I really question THAT. Can you document that statement?

[kimba1]

besides carpentry

what skills should I pickup to maintain a home or remodel a home?

or am I overkilling with carpentry?

[sirs]

I really question that. At the end of the housing bubble, nearly all sales were to flippers,

I really question THAT. Can you document that statement?

Don't hold your breath.  I'm guessing this will be filed in the "obviously" category

[Christians4LessGvt]

kimba....

patience is a skill you will sorely need when dealing with contractors

most of them are flakes....

many times they're late...dont show up...don't call to tell you either...do shoddy work
have piss poor attitudes....prefer the shortcut if it's easier for them

normally you have to go through 1-3 in each craft to find a good one

always take before/after pictures

[Amianthus]

what skills should I pickup to maintain a home or remodel a home?

In addition to basic carpentry, basic plumbing and basic electrical.

Your library should have some real good books in 643.

[kimba1]

truthfully

patience is needed to most if not all aspect in life.

but like in star trek "too much of anything is not good also"

[Amianthus]

patience is a skill you will sorely need when dealing with contractors

Having basic knowledge of the subject helps as well. Keeps them from ripping you off. I wanted some work done which included moving a wall once, and the guy went on about how much extra time (and therefore money) it was going to cost to do it because it was a load bearing wall. I took him down to the basement and pointed out where the wall was from underneath and how it was impossible that it was a load bearing wall. Needless to say, he didn't get the work.

[Xavier_Onassis]

The houses on my block that were sold were sold several times, and ended up with flippers. Of course, no one admits they are a flipper in public records.

Ticket scalpers are also scum. I won't do business with them OR Ticketbastard. It's like saying that the market demands three card monte players, because there are suckers who still fall for them.