Legal discrimination

[shah269 0]

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If he lives up to his namesake, he'll kick the old fuckers out and become the Shah of the condo board for about 30 years and think himself pretty impressive.

And then, surprise, surprise, one of the old fuckers will come back and get his revenge, declare himself the Ayatollah of the condo board, and kick the Shah's sorry ass out. Soon thereafter the Shah will die in a nursing home in Florida.

OK THAT WAS FUNNY!
OMG that was so funny you have no idea!
Ha ha!

Look my issue is this, in this dead economy, there are 12 vacant units that have not been sold due to the rules passed by these old fuckers.

I say allow young vibrant first time home owners move in, fix up the shit holes, start their lives, contribute to the community and also help stem the decline in property value.'

Now I know you guys like to argue but you have to admit....there is nothing wrong with the above statement. And these old fuckers holding first time home owners back or those who lack the $60k cash to drop on a condo back.....just don't like it. They are cutting off their noses to spite their faces.

And yeah, I'm going to talk with the younger guys and gals and see what we can do. Per my last talk with one of the guys, we are thinking credit score of no lower than say 700 and first time home owner FHA OK!

Bring young folks in allow them to have some money to upgrade and be happy.

I know a horrible thing.

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[Gravitymaster 0]

Just remember you said this when you are one of those "old fuckers."

[shah269 0]

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Just remember you said this when you are one of those "old fuckers."

I have no family here in the US. It's only a few of us.
I think when the time comes I may just take the long walk.
I never want to be a burden to anyone and if it comes to that, then it's a simple solution.
Remember I'm Persian, I don't fear death. For death is easy, any one can die.

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[rehmwa 2]

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Look my issue is this, in this dead economy, there are 12 vacant units that have not been sold due to the rules passed by these old fuckers.

I say allow young vibrant first time home owners move in, fix up the shit holes, start their lives, contribute to the community and also help stem the decline in property value.'

Now I know you guys like to argue but you have to admit....there is nothing wrong with the above statement.

So what you are saying is -

Overregulation is screwing up the economy and resulting in unfair treatment of members and restriction of reasonable activities by its citizens

even in your microcosm of this condo association

wow, what an amazing economic and political policy revelation -

who'd have ever thought it?



edit: yet in other threads - you still maintain that the best fix is to pass MORE laws that require giving loans for situations that are high risk. Learning is an art form

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

[weekender 0]

>I say allow young vibrant first time home owners move in, fix up the shit holes, start their lives, contribute to the community and also help stem the decline in property value.'

>Now I know you guys like to argue but you have to admit....there is nothing wrong with the above statement.


i will only agree with you if you add, "who can afford to purchase the unit". I.E. put down at least 20% so they have enough equity to weather downturns. You have clearly stated you wish you only put down 3% so you could walk away. Why on earth would i want more of that?

If you can't add that to your comment, then no, i do not have to admit anything. i dont have to look far to confirm why. Your previous comments about walking away are all i need as proof as to why it its a bad idea.

funny, you are the evidence to disprove your own theory. do even read your own posts?

"The point is, I'm weird, but I never felt weird."
John Frusciante

[winsor 236]

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Just remember you said this when you are one of those "old fuckers."

I have no family here in the US. It's only a few of us.
I think when the time comes I may just take the long walk.
I never want to be a burden to anyone and if it comes to that, then it's a simple solution.
Remember I'm Persian, I don't fear death. For death is easy, any one can die.

Islam is to Persia what Catholicism is to Ireland.

The Irish were undefeatable militarily, but were readily conquered by the Church. Similarly, Persia was an historical power of long standing, but was gelded by the influx of Islam.

That is a pity for the Irish and the Persians, but to the benefit of their adversaries. It's an ill wind that blows no one any good.

I think I would prefer the Persia of Omar Khyyam to the Iran of the Ayatollas.


BSBD,

Winsor

[shah269 0]

Guys argue all you want, it's a dead economy, it's NJ
20% of $200k is...... who can afford that in cash?

3% of $200k is.......yeah people can afford that in cash.

And it's first time home oweners not flippers or fuckers.

And yes people may walk away from their property, be it if they put 3% down or 20% down it is what it is.

I would give half my blood every week for the next year if i could walk away....but I nor my lawyer nor my accounant see it in under 5 years.

But it is what it is......if i get enough of the younger guys to run with me...who knows...maye this trap we (the younger folks and I) are in will seem just a little better.

And who knows....maybe we'll get sick and throw a party every time one of the old fuckers moves out or dies.

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[weekender 0]

>Guys argue all you want, it's a dead economy, it's NJ
20% of $200k is...... who can afford that in cash?

Many people. i am in contracts on a property and its worth more than 200k. single mother is putting down 20% cash. she has my admiration for renting till she could actually afford to buy. Why do you assume because you cannot afford something no else can?

Oh and it is not an argument, if you make an opinion statement as fact and someone points that out. Your opinions are not facts. your experiences are not everyone's.

"The point is, I'm weird, but I never felt weird."
John Frusciante

[shah269 0]

You make $100k, you pay $2k in rent, you pay for heat and hot water....and save $40k to put down on a POS property.....hum......let me think about it....NO.

How about you make $100k, you pay $2k in rent, you pay for heat and hot water and save $30k pay $7k for down payment and take the other $23k to fix up all the things that need fixing so that the "value" not only monetarily but also emotionally improves.
AND by spending $23k on upgrades you are growing the economy.


Remember this is for first time home owners not flippers and fuckers.

But it's ok you guys just wish to argue and I'm sorry I got a meeting to go to.

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[Rick 67]

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I just wish I had done the %3 down thing and not barrowed the 20%.
Would have been easier to walk away now. But such is life.

wow

READ....so I would only have to work with one back to refinance not two.....
OK?
Is that OK for you?
1 bank better than 2 banks....
OK?
Is that OK for you?

gotcha sorry for the lame response

You can't be drunk all day if you don't start early!

[shah269 0]

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gotcha sorry for the lame response

NO bro it's ok I'm very sorry I got angry and was rude.

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[tmccann 1]

See, you have it totally wrong, as usual. The problem isn't that you put 20% down, it's that you *borrowed* the 20% to put down. Dumb move. How the bloody blazes did you get into grad school, let alone college?

If the 20% down had come out of your savings, two things would be different: 1) you could have walked away from it much easier and 2) your ex-wife would have been giving up more in giving you the condo in the divorce, and would have shared the loss.

Sure, it's conventional mortgages that are at fault, not the low-down loans that led to the condo boom and elevated housing price inflation in the first place. Give me a break.

[aarco 0]

People that live at peace in large number with out a leader have stronge minds - rules that just come up on people for no real reason are micro psycologics to test the winds at power plays - wash this way wash that - you can bbut with only - extra extra - If it makes a normal man feel out of place or over worked its illegal -

Having something never beats doing (>|<)
Iam building things - Iam working on my mind- I am going to change this world - its what I came here 4- - -

[shah269 0]

tmccann
5 years ago it was a viable option.
It was her and I and we had a savings of all of $20k.
The first time home buyer option of only 3% down was not available or we did not qualify. I'm sorry I don't recall at the moment. It was an emotional decision for another person.
Funny part was that when we first bid on the condo we were out bid by a solid $30k. thank god we didn't fight that....and the price fell back and now I'm only under $100k in 5 years, of which according to the appraisal a good $50k of that loss is due to the vast number of vacant units.

And per talking to my accountant and lawyer I am stuck....but it is what it is....that said there is no need for the old fucks to discriminate like this.
It can be argued that this tactic effectively makes it very difficult if not impossible for minorities to move in. However good luck fighting that in court!
Till then every morning I see them I'm just going to point at them and say "You know you are reaching the end of your natural life and I will live a long pain free life."

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[weekender 0]

>that said there is no need for the old fucks to discriminate like this.

they aren't and you know that. they dont want people buying units they cannot afford and then can easily walk from in a downturn. its been explained to you over and over. I'm one of them, a condo owner who would vote against your 3% plan. I'm protecting my asset from people like you, who openly admitted he wished he had a 3% loan to walk away from. Why can you not understand this?

I'm starting to think your just punking me. making statement you could not possibly believe, ignoring logical responses from everyone and talking in circles. for a while i was embarrassed for you for not understanding your own problem. Now i'm the one embarassed for actually speaking with you. you cannot be for real.

"The point is, I'm weird, but I never felt weird."
John Frusciante

[shah269 0]

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I'm protecting my asset from people like you, who openly admitted he wished he had a 3% loan to walk away from. Why can you not understand this?

There are as of today...no joke TODAY! 15 empty units. They sit on the market for a solid 12 months before they are sold.
It is in your best interest to have these units filled......sold off....taken off the market. For the longer they are on the market the lower their sale value will go and the lower your property value will go!

See where I'm coming from? This economy is not set up to sit back and ho hum it's about action!
And the action that these old fuckes don't get is that the longer these homes stay empty and the lower their sales value the lower their property value....but only if they cared! They bought their places back in the 90's for only $100k. Thus THE OLD FUCKERS HAVE NO SKIN IN THE GAME!
They could sell today for $150k and smile. The young folks all bought from $270-$330 which 5 years ago was the market rate.

Thus the old fuckers have got to go! Move out or die out! Put people in charge who do have skin in the game!

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[weekender 0]

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I'm protecting my asset from people like you, who openly admitted he wished he had a 3% loan to walk away from. Why can you not understand this?

There are as of today...no joke TODAY! 15 empty units. They sit on the market for a solid 12 months before they are sold.
It is in your best interest to have these units filled......sold off....taken off the market. For the longer they are on the market the lower their sale value will go and the lower your property value will go!

See where I'm coming from? This economy is not set up to sit back and ho hum it's about action!
And the action that these old fuckes don't get is that the longer these homes stay empty and the lower their sales value the lower their property value....but only if they cared! They bought their places back in the 90's for only $100k. Thus THE OLD FUCKERS HAVE NO SKIN IN THE GAME!
They could sell today for $150k and smile. The young folks all bought from $270-$330 which 5 years ago was the market rate.

Thus the old fuckers have got to go! Move out or die out! Put people in charge who do have skin in the game!

this has all been addressed in previous posts. it is not in my best interest to have someone who cannot afford the place buy it. yes, ive explained i would rather wait till someone who can afford it buy it. you ignored my response before and i assume will again.

how does someone who owns something have no skin it the game? you make no sense. thats the exact opposite of the meaning to any resonable person

i hope to god you are a troll because if you really are this dense, your housing problems are only the beggining of a long misrable life. logic is completely lost on you. good luck

"The point is, I'm weird, but I never felt weird."
John Frusciante

[billvon 3,118]

>Put people in charge who do have skin in the game!

Sounds like the mortgage companies should take control of your condo complex, then. They have a lot more skin in it than any of you do.

[shah269 0]

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yes, I've explained i would rather wait till someone who can afford it buy it. you ignored my response before and i assume will again.

1) Because it will take YEARS to clear the inventory. And every 6 months those who bought their places 5 years ago loose $10k in value.
YEARS! Of empty unattended shells pulling every ones value lower and lower.....

Think if 10% of all the homes in your neighborhood were empty and on sale for years at a time what would it do to your property value?

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how does someone who owns something have no skin it the game? you make no sense. that the exact opposite of the meaning to any reasonable person

2)For the old fuckers they have more fat!
They paid $100k for their homes in 1999.
For them to have skin in the game the value has to drop to or below $100k. For now all it's all gravy for them. Anything above $100k they are doing good. So until the value plummets to $100k or under they can care less for they have no skin in the game.

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[billvon 3,118]

>They paid $100k for their homes in 1999. For them to have skin in the
>game the value has to drop to or below $100k.

So the only people whose opinion matters are the people - who fucked up and lost money.

They don't sound like the best people to be in charge, honestly. Perhaps the people smart enough to make money on their investments would be better choices.

Guy #1: "I made bad investments and lost money, and I hate this place! Vote for me and you can lose money, too. Or die, that's even better."

Guy #2: "I've weathered two real estate bubbles, kept my home and raised my family in it, and I really like this place and the people in it."

Doesn't seem like a tough choice.

[Gravitymaster 0]

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>They paid $100k for their homes in 1999. For them to have skin in the
>game the value has to drop to or below $100k.

So the only people whose opinion matters are the people - who fucked up and lost money.

They don't sound like the best people to be in charge, honestly. Perhaps the people smart enough to make money on their investments would be better choices.

Guy #1: "I made bad investments and lost money, and I hate this place! Vote for me and you can lose money, too. Or die, that's even better."

Guy #2: "I've weathered two real estate bubbles, kept my home and raised my family in it, and I really like this place and the people in it."

Doesn't seem like a tough choice.

Sounds like Obama and Romney.