We are the World

by **smupony94** » Thu Jan 20, 2011 11:16 am

Dutch wrote:
smupony94 wrote:LPs are what are enabling me to buy discounted notes

there are a few other factors that led to this point though.

I do have the honor of developing the subdivision with the highest foreclosure rate in Harris County. Boon doggle of epic proportion by the city of Houston giving down payment assistance to people that never should have owned a house.

by **Dutch** » Thu Jan 20, 2011 11:18 am

smupony94 wrote:
Dutch wrote:
smupony94 wrote:LPs are what are enabling me to buy discounted notes

there are a few other factors that led to this point though.

I do have the honor of developing the subdivision with the highest foreclosure rate in Harris County. Boon doggle of epic proportion by the city of Houston giving down payment assistance to people that never should have owned a house.

and bonus for you that they did!

by **smupony94** » Thu Jan 20, 2011 11:19 am

Another thing was builders telling buyers what their monthly payment would be x and leaving out insurance, taxes and HOA fees. Those 3 are what brought many people down. Most first time buyers have no clue about the additional costs associated with owning a home since they came from renting apartments

by **Dutch** » Thu Jan 20, 2011 11:34 am

smupony94 wrote:Another thing was builders telling buyers what their monthly payment would be x and leaving out insurance, taxes and HOA fees. Those 3 are what brought many people down. Most first time buyers have no clue about the additional costs associated with owning a home since they came from renting apartments

Taxes? WTF.

HOA's are stealing properties right now.

by **smupony94** » Thu Jan 20, 2011 11:38 am

I sit on 2 HOA boards and I am quitting. Tired of homeowners [deleted]

by **Dutch** » Thu Jan 20, 2011 11:46 am

i know not to say never, but if there is ever a choice between a property w/ and a property w/o, the w/o will always win with regards to HOAs. I don't want anyone telling me what i can and can't do with my property.

by **smupony94** » Thu Jan 20, 2011 11:59 am

I have to have them with my subdivisions as we have parks and pools and that [deleted] ain't free

by **smupony94** » Thu Jan 20, 2011 12:00 pm

Dutch wrote:i know not to say never, but if there is ever a choice between a property w/ and a property w/o, the w/o will always win with regards to HOAs. I don't want anyone telling me what i can and can't do with my property.

Regs at my house says I can't have my dog in the front yard without a leash. I laugh when I get the complaint letters as I know they can't do anything to me.

by **Dutch** » Thu Jan 20, 2011 12:09 pm

smupony94 wrote:I have to have them with my subdivisions as we have parks and pools and that [deleted] ain't free

oh, i totally get it as a developer. i've worked on rez deals in the past, but i'm saying from the perspective of my individual house.

as a developer you just about have to have them these days to control amenities and dictate continuity in the product being built. don't need Cletus the Slack Jawed Yokel buying one of the first lots and parking his trans am on the grass when you're trying to sell the lots in phase II.

by **smupony94** » Thu Jan 20, 2011 12:10 pm

Guy was nice when I asked him to remove the Elvis posters he had facing out to the street instead of curtains

by **One Trick Pony** » Thu Jan 20, 2011 4:44 pm

by **smupony94** » Thu Jan 20, 2011 4:51 pm

All you can eat buffet

by **Junior** » Thu Jan 20, 2011 4:53 pm

3.5 hours til Bob's

by **Dutch** » Thu Jan 20, 2011 5:03 pm

by **smupony94** » Thu Jan 20, 2011 5:08 pm

Dutch wrote:

great picture

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