1938 Packard Posted May 9, 2019 Posted May 9, 2019 The Bayview Inn motel in West Atlantic City, NJ had been featured on the YouTube series, "Another Dirty Room". Total shit hole. Later, a major drug raid on the property led to its closure. It never reopened. Squatters had set fire to it twice since the closure. More recently, the city had planned to put the property up for auction with a minimum bid of $600k. However, the building has been deemed unsafe and a new plan to demolish it is under way. So, when a 100 unit motel is only valued at $600k, what is the vacant lot worth? 1
Guest Crush Posted May 9, 2019 Posted May 9, 2019 You tell me. I know a 1/4 acre commercial lot is like 50 grand here.
1938 Packard Posted May 10, 2019 Author Posted May 10, 2019 8 hours ago, Clu said: I was waiting for Nabs.... But this will do. So,, you found your tape worm infection... Congratulations. 1
scoobdog Posted May 10, 2019 Posted May 10, 2019 11 hours ago, 1938 Packard said: So, when a 100 unit motel is only valued at $600k, what is the vacant lot worth? Not a whole lot for what would be an acre of property, but more than you'll ever be able to afford.
1938 Packard Posted May 10, 2019 Author Posted May 10, 2019 4 minutes ago, scoobdog said: Not a whole lot for what would be an acre of property, but more than you'll ever be able to afford. I'm just a guy who had three mortgages at different times. Yes, I can buy a house.
scoobdog Posted May 10, 2019 Posted May 10, 2019 5 minutes ago, 1938 Packard said: I'm just a guy who had three mortgages at different times. Yes, I can buy a house. Not without your brother's money you can't.
1938 Packard Posted May 10, 2019 Author Posted May 10, 2019 9 hours ago, scoobdog said: Not without your brother's money you can't. You really think so? What's the difference between paying rent in this apartment and making a mortgage payment in a modest house? Hint: Bro isn't paying my rent.
scoobdog Posted May 10, 2019 Posted May 10, 2019 4 hours ago, 1938 Packard said: You really think so? What's the difference between paying rent in this apartment and making a mortgage payment in a modest house? Hint: Bro isn't paying my rent. That not a "hint" douchebag. And seeing as you're not paying a mortgage, I'd say the difference is that you can afford rent in a slum but not the mortgage payment on a "modest" house.
1938 Packard Posted May 10, 2019 Author Posted May 10, 2019 20 minutes ago, scoobdog said: That not a "hint" douchebag. And seeing as you're not paying a mortgage, I'd say the difference is that you can afford rent in a slum but not the mortgage payment on a "modest" house. They're about the same, Nucky.
scoobdog Posted May 15, 2019 Posted May 15, 2019 On 5/10/2019 at 12:25 PM, 1938 Packard said: They're about the same, Nucky. No they aren't, dickmunch.
1938 Packard Posted May 16, 2019 Author Posted May 16, 2019 11 hours ago, scoobdog said: No they aren't, dickmunch. You are aware that mortgage payments can vary, based on the sale price? A house doesn't have to cost six hundred grand.
scoobdog Posted May 16, 2019 Posted May 16, 2019 49 minutes ago, 1938 Packard said: You are aware that mortgage payments can vary, based on the sale price? A house doesn't have to cost six hundred grand. A well to do gentleman such as yourself would have no need for a mortgage to purchase the shitheap you live in.
1938 Packard Posted May 16, 2019 Author Posted May 16, 2019 16 minutes ago, scoobdog said: A well to do gentleman such as yourself would have no need for a mortgage to purchase the shitheap you live in. But the fact still stands that I can qualify for one. The fact that I rent now does not prove I will rent forever. I really don't want to buy anything in New Jersey, where property values are declining. When I retire and collection my pensions, I will have no need to reside in New Jersey. Then, I will buy a house in a low tax state.
scoobdog Posted May 16, 2019 Posted May 16, 2019 You have one foot in the grave, bitch. No one's giving you a loan when you'll be dead in like five years.
André Toulon Posted May 16, 2019 Posted May 16, 2019 2 hours ago, 1938 Packard said: I will have no need to reside in New Jersey. Then, I will buy a house in a low tax state. It always cheers me up when I see you talk about your job as if you're important. Gotta live that big city life to make that sought after shitter money, then you can move somewhere affordable, but first....Shitter money.
1938 Packard Posted May 16, 2019 Author Posted May 16, 2019 7 hours ago, scoobdog said: You have one foot in the grave, bitch. No one's giving you a loan when you'll be dead in like five years. There's one in my name already. There had been two others earlier.
1938 Packard Posted May 16, 2019 Author Posted May 16, 2019 7 hours ago, Sho Minamimoto said: It always cheers me up when I see you talk about your job as if you're important. Gotta live that big city life to make that sought after shitter money, then you can move somewhere affordable, but first....Shitter money. So, I'm supposed to earn three or four times what I currently earn just so I can give it all to the county or the city and get no return on it?
André Toulon Posted May 16, 2019 Posted May 16, 2019 (edited) 18 minutes ago, 1938 Packard said: So, I'm supposed to earn three or four times what I currently earn just so I can give it all to the county or the city and get no return on it? LOL, it's funny that you think that's how money works. Tell me again how you and the HVAC dude takes home the same pay....That story was hilarious. Edited May 16, 2019 by Sho Minamimoto
1938 Packard Posted May 16, 2019 Author Posted May 16, 2019 1 hour ago, Sho Minamimoto said: LOL, it's funny that you think that's how money works. Tell me again how you and the HVAC dude takes home the same pay....That story was hilarious. Property tax is weird in Atlantic City. There's one piece of land that I can literally buy with a credit card, but get stuck paying more than its entire purchase price every year in county and municipal taxes. There's no valid excuse for that and so, I'm not playing that game. It's not at a question of coming up with the purchase cost. It's the subsequent obligations I can do better without. 1
Poof Posted May 16, 2019 Posted May 16, 2019 1 minute ago, 1938 Packard said: Property tax is weird in Atlantic City. There's one piece of land that I can literally buy with a credit card, but get stuck paying more than its entire purchase price every year in county and municipal taxes. There's no valid excuse for that and so, I'm not playing that game. It's not at a question of coming up with the purchase cost. It's the subsequent obligations I can do better without. If there weren't taxes on it, it would be more expensive. It's reflected in the price. It's not like you could afford land w/your puny janitor scraps but the evil taxman is stopping you.
1938 Packard Posted May 16, 2019 Author Posted May 16, 2019 (edited) 13 minutes ago, Poof said: If there weren't taxes on it, it would be more expensive. It's reflected in the price. It's not like you could afford land w/your puny janitor scraps but the evil taxman is stopping you. Then, why did the banks approve three mortgages for me? How about my first piece of property? You know, the one for which I paid cash and later sold for three times the amount? Edited May 16, 2019 by 1938 Packard
scoobdog Posted May 16, 2019 Posted May 16, 2019 6 hours ago, 1938 Packard said: There's one in my name already. There had been two others earlier. And you pay out of pocket for none of them.
1938 Packard Posted May 16, 2019 Author Posted May 16, 2019 6 minutes ago, scoobdog said: And you pay out of pocket for none of them. The lender would not have approved a loan if they thought I can't pay. When this one is paid off, what's going to stop me from getting one for myself and paying it off myself. And you still have not addressed the land I had bought for cash without a mortgage.
scoobdog Posted May 16, 2019 Posted May 16, 2019 The lender doesn't give a shit as long as the money is coming in. And, of course, I could by land in the middle of nowhere for whatever change is in my pocket. Doesn't mean its any place where I can actually live.
1938 Packard Posted May 16, 2019 Author Posted May 16, 2019 17 minutes ago, scoobdog said: The lender doesn't give a shit as long as the money is coming in. And, of course, I could by land in the middle of nowhere for whatever change is in my pocket. Doesn't mean its any place where I can actually live. Pinedale, WY is developed.
1938 Packard Posted May 16, 2019 Author Posted May 16, 2019 18 minutes ago, scoobdog said: The lender doesn't give a shit as long as the money is coming in. And, of course, I could by land in the middle of nowhere for whatever change is in my pocket. Doesn't mean its any place where I can actually live. The lender wasn't looking at my brother. He wasn't part of the application process.
scoobdog Posted May 16, 2019 Posted May 16, 2019 2 minutes ago, 1938 Packard said: Pinedale, WY is developed. Pinedale WY; the place where old white janitor go to disappear forever. Seriously, that place is so far from anywhere you could die in your hovel and no one would ever know.
1938 Packard Posted May 17, 2019 Author Posted May 17, 2019 10 minutes ago, scoobdog said: Pinedale WY; the place where old white janitor go to disappear forever. Seriously, that place is so far from anywhere you could die in your hovel and no one would ever know. Except the county sheriff. Some people enjoy the seclusion. You can sleep there without hearing police, fire and ambulance sirens every ten minutes.
scoobdog Posted May 17, 2019 Posted May 17, 2019 36 minutes ago, 1938 Packard said: Except the county sheriff. Some people enjoy the seclusion. You can sleep there without hearing police, fire and ambulance sirens every ten minutes. And when you wake up, there's literally nothing to do besides wander around the surrounding hills and wait for a coyote to eat you.
1938 Packard Posted May 17, 2019 Author Posted May 17, 2019 10 hours ago, scoobdog said: And when you wake up, there's literally nothing to do besides wander around the surrounding hills and wait for a coyote to eat you. Then, make something to do.
scoobdog Posted May 17, 2019 Posted May 17, 2019 12 hours ago, 1938 Packard said: Then, make something to do. In the middle of nowhere? You're a fucking idiot.
1938 Packard Posted May 17, 2019 Author Posted May 17, 2019 33 minutes ago, scoobdog said: In the middle of nowhere? You're a fucking idiot. You never went trout fishing? How about speed boating? Take in a live bluegrass show. Try your hand at ATV driving. Water skiing. Set off some fireworks (designated areas only). Or just make improving your cabin your full time hobby.
scoobdog Posted May 17, 2019 Posted May 17, 2019 2 minutes ago, 1938 Packard said: You never went trout fishing? How about speed boating? Take in a live bluegrass show. Try your hand at ATV driving. Water skiing. Set off some fireworks (designated areas only). Or just make improving your cabin your full time hobby. If you're lucky, the speed boat capsizes the first time you hit Fremont Lake. Then at least you won't die of boredom.
1938 Packard Posted May 17, 2019 Author Posted May 17, 2019 1 minute ago, scoobdog said: If you're lucky, the speed boat capsizes the first time you hit Fremont Lake. Then at least you won't die of boredom. And besides, if I'm retired there with a decent income, I can also fly to New York or Tokyo for some extra excitement. Let me see whether the local airport gets expanded by that time.
scoobdog Posted May 17, 2019 Posted May 17, 2019 Just now, 1938 Packard said: And besides, if I'm retired there with a decent income, I can also fly to New York or Tokyo for some extra excitement. Let me see whether the local airport gets expanded by that time. I don't think "Ralph Wenz Field" can handle widebody airliners. Hell, it doesn't look like it can handle twin engine props. The only way you're making it to New York is if a tornado tears through town, sucks your lifeless body into the jetstream and miraculous deposits you on Broadway a few days later.
1938 Packard Posted May 17, 2019 Author Posted May 17, 2019 Just now, scoobdog said: I don't think "Ralph Wenz Field" can handle widebody airliners. Hell, it doesn't look like it can handle twin engine props. The only way you're making it to New York is if a tornado tears through town, sucks your lifeless body into the jetstream and miraculous deposits you on Broadway a few days later. The bigger airport is in Jackson. Full size jets land there.
scoobdog Posted May 17, 2019 Posted May 17, 2019 13 minutes ago, 1938 Packard said: The bigger airport is in Jackson. Full size jets land there. Lol. I hope Pinedale has internet so I can mock you every day for sitting around, waiting to die.
1938 Packard Posted May 18, 2019 Author Posted May 18, 2019 23 minutes ago, scoobdog said: Lol. I hope Pinedale has internet so I can mock you every day for sitting around, waiting to die. It's amazing what else you can do when you don't have work obligations. I also think the Carolinas and parts of Texas look good. Anyplace that has reasonable property taxes.
André Toulon Posted May 18, 2019 Posted May 18, 2019 (edited) 4 hours ago, 1938 Packard said: It's amazing what else you can do when you don't have work obligations. I also think the Carolinas and parts of Texas look good. Anyplace that has reasonable property taxes. Dear god, move to South Carolina.....We just may be able to contain this problem. Edited May 18, 2019 by Sho Minamimoto 1
Poof Posted May 18, 2019 Posted May 18, 2019 On 5/16/2019 at 2:58 PM, 1938 Packard said: Then, why did the banks approve three mortgages for me? How about my first piece of property? You know, the one for which I paid cash and later sold for three times the amount? Then quit bitching about how expensive it is Jesus Simple Packard
1938 Packard Posted May 18, 2019 Author Posted May 18, 2019 14 hours ago, Poof said: Then quit bitching about how expensive it is Jesus Simple Packard Rent here, own something later someplace else. That's the plan. For myself, I wouldn't buy a stone in New Jersey if I had a hundred billion dollars.
scoobdog Posted May 18, 2019 Posted May 18, 2019 2 hours ago, 1938 Packard said: Rent here, own something later someplace else. That's the plan. For myself, I wouldn't buy a stone in New Jersey if I had a hundred billion dollars. We appreciate you sharing your plan. Be sure to show us your ticket so we can greet you at your final destination. 1
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