All Forum Posts by: John Clark

I hear people say it from global warming all the time. I don't believe anyone can look at how forests are managed and come to the conclusion it must be global warming. Maybe I'm wrong but that is my perception of the Burr and the public in general. If that wasn't the publics opinion we would have a ton more great jobs in Oregon and many other places.

What would be acceptable if there wasn’t global warming is not something you can get away with now, because there is global warming. It’s not a binary cause. Global warming now is the nudge for a lot of fires, hurricanes, etc. it will soon be accepted as the primary cause. If something is not all white doesn’t mean it’s all black.

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Quote from @Jake Andronico:

Quote from @John Clark:

Quote from @Jake Andronico:

Just spoke to a developer in Northern Nevada, and he made a comment that was pretty shocking to hear first hand.

Apparently, local jurisdictions here are saying they want more affordable housing, but in the same sentence will also say that there will be more regulations, more environmental protections, and more hoops to jump through to develop starter homes.

This will simply causes prices to be even higher, and continue to constrict demand...

The Reno MSA already has natural topographical land constraints, and there have been studies about land "running out" here in less than 10 years.

With people continually migrating from CA, more jobs moving here (Tesla Semitruck factory being built as I type this), I don't know how this gets solved.

Explore detailed population growth statistics at the Federal Reserve Bank of St. Louis

Releasing Federal Land for private sale?

I know this is also a National issue, especially in land constricted markets. What do you see out there?

Curious to get everyone’s take.

Housing mix will change; more condos and co-ops and multi-family apartment buildings. Only luxury single family houses will be built.

Plus side is less urban sprawl, fewer builds in indefensible areas (wooded hillsides, only-one-road access, etc.), and greater affordability.

Interesting take. Multifamily units won't be for sale, so you're saying the co-ops and condos being built will be the main affordable housing supply?

A participation in a Mf syndicate.

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Reno, Nevada

Quote from @Jake Andronico:

Just spoke to a developer in Northern Nevada, and he made a comment that was pretty shocking to hear first hand.

With people continually migrating from CA, more jobs moving here (Tesla Semitruck factory being built as I type this), I don't know how this gets solved.

Explore detailed population growth statistics at the Federal Reserve Bank of St. Louis

Releasing Federal Land for private sale?

I know this is also a National issue, especially in land constricted markets. What do you see out there?

Curious to get everyone’s take.

0 Votes

Reno, Nevada

Quote from @Kris Allen:

I have a property that is ready to be rented. I'm looking for a lender who is willing to refinance my property off of its new appraised value rather than a percentage of the purchase price so that I can pay off my HELOC. I'm located in Toledo Ohio.

If you’re ready to rent, try renting out and then go to lenders with proved figures to support value.

1 Vote

You are forgetting opportunity cost for money. The fact that you will have turnover expenses is compatible with positive cash flow. Also, if you keep your money tied up in the form of equity with a low rate of return, you can be considered to be losing money if there was a higher interest rate opportunity you weren’t taking.

5 Votes

Quote from @James Hamling:

@Jay Hinrichs I'd love to think this is government working FOR the people, protecting there ability to process. My gut say's it's other motives.

The timing of people most apt to say "F-it, I'm done with this stuff, I'm gonna take the $ and run" is in that 90 day period.

Because that is when the impacts are most felt of everything one has to do with the now pile of ashes. 90 days to do nothing forces people to engage with staying.

I have a feeling this is designed to maximize retention of now dislocated persons.

Why do I say that? Because I don't see any exceptions in it for those people who want to get out, who want to just sell and run. If it were really for the motive of protecting the people, the people would still have there option and freedom to initiate the action themselves.

I like the notion of protecting peoples privacy to process. What I don't like is seeing the removal of peoples options and freedoms to self select and engage in what they want to do.

"If it were really for the motive of protecting the people, the people would still have there option and freedom to initiate the action themselves."
--------------------------------------
I don't think it prevents you as an owner from initiating the action.

Personally, I wouldn't have any moratoriums on private transactions.

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Quote from @Henry Clark:

Quote from @Account Closed:

Quote from @Steve K.:

Quote from @Eric Bilderback:

What started the fires? Negligent forest management, drug addicts, or illegals? DEI policies along with environmental, immigration policies is not sustainable for a non 3rd world country (my guess that is the point). I read an article I thought articulated this very well, we are seeing the collapse of a very complex system and this the fruit.

Or it could be an arsonist/ arsonists.

OMG it is not arsonists, maybe some of the fires were but I'm right here in the burn scar with my AK. it was wildfires!

Feel for you and your neighbors. Best wishes.

If you do have an AK, hopefully your using hollow points. So, they don't travel as far beyond point of impact.

If you can switch to a 12 gauge with bird shot or OOB. Rifle bullets fly well beyond what you could be legally supported. Also, they can penetrate neighbors' walls easier. 12 Gauges are just a lot scarier, more accurate within 10 to 20 yards- especially during times of stress, do more damage, plus less impact to neighbors.

Will re-post some insurance and fire posts I already did for LA fires.

For home protection I prefer a 20 gauge pump action. I don't have to worry about collateral casualties from a round going through a wall, like with a rifle, and the best thing is the unique sound working the pump makes. Scares the gang members off every time.

Never cared for ARs because they are based on M-16s and M-16A1s. I loathed those things in the service. I like AK-51s though.

Open to ideas for something to get my wife. She can't handle a long gun.

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Quote from @Alex Hall:

Hey Lenders. I am reaching out for your expertise regarding a situation involving a seller from who I purchased a property subto an FHA loan in March of last year.

The seller is currently attempting to purchase another property but is facing challenges due to the inability to hold two FHA loans simultaneously. Additionally, his credit is not the best, and he has limited funds for a down payment.

Any potential options or solutions that may be available? Your insights would be greatly appreciated.

Thank you!

Can you refinance?

1 Vote

Houston, Texas

Quote from @Matthew Paul:

Quote from @Jay Hinrichs:

Quote from @Matthew Paul:

@John Clark There isnt much left thats toxic , it all went into the atmosphere .

Not an expert here but my Brother is a heavy equipment operator in Northern CA and did a lot of the fire clean up when those fires happened and he mentioned contractor might need hazard waste removal license.. FWIW

Its California , you probably need a permit to do just about anything as long as you pay the fee

That’s no different from any other state. Pay to play.

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Quote from @James Hamling:

Quote from @John Clark:

Quote from @Jay Hinrichs:

to me if I was insurance now that all the fuel is burned seems to me the fire danger has passed at least for the next 5 too 10 years ( time frame for the brush to grow back.. news keep talking about forest management.. there are no forests in those areas is Brush and scraggly oaks..

I am sure your aware of the antiquated lot of record rules already on the books in LA county that could stop a lot of rebuilding unless they change those laws or codes.. And I am sure your aware of the CA SEQUA laws that stops building on antiquated lots ..

Not being from/in California, I'm not familiar with the specific laws of La La Land. As for the lack of burnable material in the Palisades and other areas now, insurers will want to rebuild reserves and augment reserves for the next time, not to mention not exposing themselves to risk on this scale again.

what I see happening is that the government will simply cut the Gordian Knot by using eminent domain to seize properties and redesign/rezone the whole area so that it's more defensible against natural- and human-caused catastrophe. The plans will probably be developed while the government plans, carries out, or coerces, clean up, and puts liens on the properties being cleaned up.

So, to no surprise, CA is doing exactly none of your private property taking schemes John.

https://www.gov.ca.gov/2025/01/13/governor-newsom-proposes-b...

CA is doing the only viable option they have, fast tracking reconstruction of what was. There waiving regulations that would have impeded it, and are trying to get additional funding to cover anyone who had any lack of coverage.

So there it is, no exercising eminent domain for a quarter trillion dollars. There doing the simplest thing. Rebuilding as was.

I am not shocked at all.

I'm not shocked either, but it won't last. There will be eminent domain -- lots of it -- and extensive redesign and rezoning. Time will tell.

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All Forum Posts by: John Clark

John Clark has started 5 posts and replied 1325 times.

Post: Failed Leadership is why California is on fire.

Post: Just met w/ a developer - housing affordability may get much worse.

Post: Just met w/ a developer - housing affordability may get much worse.

Post: Im running into road blocks with lenders regarding BRRRR method

Post: Cash flow is a myth? Property does not cash flow till its paid off?

Post: LA fires Wholesalers Beware

Post: Failed Leadership is why California is on fire.

Post: Subto FHA problem

Post: Failed Leadership is why California is on fire.

Post: Failed Leadership is why California is on fire.