On Tue, 28 Aug 2007 05:57:42 -0700, Too_Many_Tools
wrote:
On Aug 27, 8:19 pm, Half-Nutz wrote:
On Aug 27, 8:14 pm, Too_Many_Tools wrote:
On Aug 27, 7:49 pm, Too_Many_Tools wrote:
On Aug 27, 7:33 pm, Too_Many_Tools wrote:
On Aug 27, 5:38 pm, Larry Jaques
wrote:
On Mon, 27 Aug 2007 14:42:29 -0700, with neither quill nor qualm,
"azotic" quickly quoth:
The article in the link is of concern to anyone with a home shop. If
you have a neighbor thats a pain in the ass now just wait till he has the
power he so desires to run your life with the full force of the law
to back him up.
http://www.coloradoan.com/apps/pbcs....070827/NEWS01/...
I can take one look at that ******* and know he wants something I
don't in a neighborhood. Egad, what's this country coming to?
Socialized color schemes and coordinated lawn colors aren't far off,
are they?
--
According to our strength of character and our clarity of vision, we will
endure, we will succeed, we will have contributed something to make life
where we were and as we lived it better, brighter, and more beautiful.
-- Frank Lloyd Wright
Egad, what's this country coming to?
Socialized color schemes and coordinated lawn colors aren't far off,
are they?
LOL...I know of neighborhoods where that is the REQUIRED norm.
Ignore their rules at your own risk....they have the power to
foreclose on your home...and they do.
And I also don't live there...and NEVER will.
TMT- Hide quoted text -
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"pocket-Nazi's."
I like that term....and I have known a few also.
Always a PITA to live next to....and they are ALWAYS worrying about
their neighbor's business.
They are the kiss of death to a HSMer.
TMT- Hide quoted text -
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One of the readers had a good point...
"As someone who is/was planning to move to Ft.Collins in the near
future, I am very concerned that could even be considered. I would
look specifically for homes without HOA's.
I know HOA are popular; many people really believe that HOA improve
thier future property value. I believe that by giving away some of
these rights in the Property ownership you will in fact,decrease the
value of the Property.
I totaly agree with Harold
If HOAa are so wonderful, why do real estate ads scream NO HOA when
advertising a non HOA home for sale? Do you ever see a real estate ad
even mentioning that the home is in an HOA?"
A very good point...I have seen ads that mention "NO HOA" but none
that advertise it as a selling point.
Now the other viewpoint is that a HSM could get on the board and
require each home to have a fully equiped shop....then one would have
someone to borrow tools from. ;)
TMT
Unless you are selling, or financing Past your ability to support, WHY
would you want you property values to rise?
It is just another form of tax increase.- Hide quoted text -
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Unless you are selling, or financing Past your ability to support, WHY
would you want you property values to rise?
It is just another form of tax increase.- Hide quoted text -
Because people take second mortgages out on that increased property
value to spend on toys.
And that is what has been propping up the Bush economy these last few
years.
Sit back and watch what is going to happen soon to the economy when
people can't borrow against their house's increasing values. My banker
tells me that he has had many very mad and desperate people in his
office when they find out they can't get any more money out of the old
homestead.
You are right that it is another form of tax increase which local
governments have been quick to take advantage of.
Now that house prices are dropping like a rock, those high property
taxes will be around for quite awhile....and the owners will be stuck
paying them for a house that is much less than what they paid for it.
In the right neighborhoods, one will be able to buy two houses for the
price of one...one to live in and the other to put your retirement
shop in.
TMT
Housing sales are dropping like a rock for two reasons..they got too
expensive to buy, even with "creative lending" so folks stopped
buying. Since the pool of buyers has started to shrink..the demand is
getting smaller so the prices started to come down, in hopes of
attracting buyers. A spiraling downwards cycle.
Housing prices were absurdly inflated because of folks desperately
wanting to buy a house before the prices got too high...and those
wanting to buy a house, sit on it as it appreciated and then dump and
run with the profits.
Neither tactic being condusive to long term strategy and simply became
a bidding war at a poorly run auction. Prices reached stratospheric
levels..and a bunch of buyers finally came to their senses and those
that had bought as a short term investment got a sudden shot of ****
to the heart when they realized they had more money in what they
bought, then they could get back out of it and had pawned the family
jewels with a loan shark (ARM) in the hopes of making a fast score and
walking away counting their profits.
Housing has been way way over started...large tracts built on hopes
that people would be flocking in to buy and make a fast rollover.
Much the same way industrial strip malls have been built..and you see
so many for sale/lease signs on a large percentage of them.
Another aspect not often discussed..is competition for housing due to
the immigrant issue.
Why stay in an older home in a neighborhood that is becoming part of
Mexico, when you can bail out, use the house for rental property and
the proceeds used to make the payments on a nice new big assed hip
slick and cool home far away at subprime rates, with the big rollover
profit in a few years. Whoops....
The illegal immigrant has been allowed to both rent or buy that home
because of greedy lenders and greedy sellers..and now that many
lenders and areas are NOT allowing illegals to rent or buy...that
portion of the housing equaition is starting to dry up as well.
We are indeed, living in interesting times.
People have asked why I choose to remain in a small, semi-dying town
rather than moving to the metro areas I work in.
I tell them that Im expecting the housing market to implode, Im living
in a house thats paid for and the property taxes are $450 a year and
will be safe and snug when the housing tracts are defaulted on,
property taxes are rising at magnitude rates and so forth.
My travel costs and related expenses like property taxes are still
half of what a single room studio apartment rental costs in the
city..and I have room for my toys.
Gunner