One neighbor wised up, another went nuts. - GoFuckYourself.com

baddog · 06-30-2006, 08:06 PM

You may remember that I mentioned a couple weeks ago that the guy across the street from me had put his <800 sq foot house on the market for $1 million. I stated then that he was dreaming, and apparently he has awaken and took the house off the market. Things seem to be back to normal . . . until today.

I notice the people next door to him are packing up all their stuff and moving. As I have known the family for 15 years or so, and they have lived across the street for 5 years, I decided to ask what brought this on.

They have lived there for 5 years, paying $1,200/mo for a two bedroom <800 sq foot duplex, and the owners bumped their rent by $500!!

$1,700 a month? For a 2 bedroom? Damn, if they find someone to take it I may be tempted to knock this place down and build two units here.

Freakster · 06-30-2006, 08:37 PM

Now the guy across the street can justify his 7 digit pricetag with the rental cost in the area being so high

L-Pink · 06-30-2006, 08:44 PM

Quote:

Originally Posted by Freakster

Now the guy across the street can justify his 7 digit pricetag with the rental cost in the area being so high

9% capitalization rate would make the property worth about $450,000.

L-Pink · 06-30-2006, 08:47 PM

Quote:

Originally Posted by L-Pink

9% capitalization rate would make the property worth about $450,000.

Correction, where I live that would be the figure. Southern Cal ???

baddog · 06-30-2006, 09:03 PM

Quote:

Originally Posted by L-Pink

9% capitalization rate would make the property worth about $450,000.

$450k here? Not likely.

MaddCaz · 06-30-2006, 09:05 PM

ehehehehehheee....

Doctor Dre · 06-30-2006, 09:07 PM

Shit that's fucking expensive ... here for like 1300-1500 bucks monthly you get a 1800- 2000 sq feet home

2HousePlague · 06-30-2006, 09:08 PM

Sounds like your property value's on the rise, and your new neigbors are in a higher tax bracket.

2hp

baddog · 06-30-2006, 09:37 PM

Quote:

Originally Posted by 2HousePlague

Sounds like your property value's on the rise, and your new neigbors are in a higher tax bracket.

2hp

I think the guy that is renting his place out is trying to make the renters pay for some major maintenance he had to do a couple months ago.

V_RocKs · 07-01-2006, 01:42 AM

Perhaps you should show the neighbors how to run a pornsite?

Dagwolf · 07-01-2006, 01:46 AM

Real estate prices are nuts. Maybe it's time to depopulate a little.

baddog · 07-01-2006, 01:50 AM

Quote:

Originally Posted by Dagwolf

Real estate prices are nuts. Maybe it's time to depopulate a little.

We could use an earthquake

06-30-2006, 08:06 PM	#1
baddog So Fucking Banned Industry Role: Join Date: Apr 2001 Location: the beach, SoCal Posts: 107,089	One neighbor wised up, another went nuts. You may remember that I mentioned a couple weeks ago that the guy across the street from me had put his <800 sq foot house on the market for $1 million. I stated then that he was dreaming, and apparently he has awaken and took the house off the market. Things seem to be back to normal . . . until today. I notice the people next door to him are packing up all their stuff and moving. As I have known the family for 15 years or so, and they have lived across the street for 5 years, I decided to ask what brought this on. They have lived there for 5 years, paying $1,200/mo for a two bedroom <800 sq foot duplex, and the owners bumped their rent by $500!! $1,700 a month? For a 2 bedroom? Damn, if they find someone to take it I may be tempted to knock this place down and build two units here.

06-30-2006, 08:37 PM	#2
Freakster Confirmed User Join Date: Jul 2002 Location: Montreal Posts: 833	Now the guy across the street can justify his 7 digit pricetag with the rental cost in the area being so high __________________ 174-38-56

06-30-2006, 09:05 PM	#6
MaddCaz Confirmed User Join Date: Mar 2006 Location: Illinois Posts: 9,483	ehehehehehheee.... __________________ BigCocks.com - MatureWomen.com - Tranny.com - DrunkGirls.com - TeenGirls.com - MonsterCock.com and many more... Click here to see them all!

06-30-2006, 09:08 PM	#8
2HousePlague CURATOR Join Date: Jul 2004 Location: the attic Posts: 14,572	Sounds like your property value's on the rise, and your new neigbors are in a higher tax bracket. 2hp __________________ tada!

07-01-2006, 01:46 AM	#11
Dagwolf President of Canada Join Date: Sep 2003 Location: Leaving Hell, Entering Limbo Posts: 23,141	Real estate prices are nuts. Maybe it's time to depopulate a little. __________________ Sleep well, and dream of large women.

07-01-2006, 01:42 AM	#10
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,421	Perhaps you should show the neighbors how to run a pornsite?