Parents bought house for under ~2ook in late 1970s, sold it for 50 times in 2006. Only good investment my dad ever made, and he didn't even plan it. Now he has the money but misses his dream home terribly. Says selling was a mistake. True story.
If you want to be scared straight, watch "Property Ladder." The flippers tend to be unrealistic, somewhat bumbling and fast and loose with their cash. Budgets: never knew ya! Oh and that one guy ate a live cockroach from under the floor of the L.A. mansion he was restoring. You can see how craaazy people are these days.
I can operate a cash register and make a fucking bombass cup of coffee, but I can't hammer a nail to save my life, and you probably can't either. When flipping, hire olds to do your carpentry and wiring on the cheap! They probably accidently learned a skill in their youth. (Their youth was the '50s.)
@Mrs. Beeton: The other approach to rehab on the cheap is to redefine your personal aesthetics around the word "rehabbed," and simply live in the house as-is. That way, crumbling plaster, exposed brick, capricious plumbing, and the "rain-powered sprinkler system" in the roof eventually burrow their way into your brain as things of beauty. Much simpler in the long run.
12/09/09
12/09/09
And don't be dissing Eames.
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12/08/09
People are still using that phrase without irony?
11/23/09
Well, now we know what type of pad Nick has.
11/22/09
11/22/09
#thingsiwasborntowrite, #sorrynick, #sorrygabe (which apparently has been used before...)
11/22/09