On Fri, 22 Sep 2017 18:44:29 -0700 (PDT), John Kuthe
> wrote:

>On Friday, September 22, 2017 at 7:40:36 PM UTC-5, Alex wrote:
>> John Kuthe wrote:
>> > On Friday, September 22, 2017 at 12:29:32 PM UTC-5, Ed Pawlowski wrote:
>> >> On 9/22/2017 11:58 AM, Casa de Masa wrote:
>> >>> On 9/22/2017 9:28 AM, John Kuthe wrote:
>> >>>> On Thursday, September 21, 2017 at 12:05:49 PM UTC-5, Gary wrote:
>> >>>> ...
>> >>>>> Don't we have a "sell as it is" thing here? Owner doesn't want to
>> >>>>> improve anything, just sell. And buyer knows about the required
>> >>>>> things to fix. They pay less and fix up themselves. Is this not
>> >>>>> true?
>> >>>>>
>> >>>>> If a seller just want's to unload a house, there should be no
>> >>>>> govt requirement to fix things first as long as the problems are
>> >>>>> stated out front and the buyer agrees to it (and the reduced
>> >>>>> price)
>> >>>> If the house was NOT OCCUPIED this MAY have been the case. But because
>> >>>> it IS occupied this house must pass an Occupancy Permit INspection
>> >>>> before being legally transferred to a buyer's possession, in this case
>> >>>> ME! And because the cheap Chinese landlord(s) just want to get out
>> >>>> from under this house for as much cash as they can get, we settled on
>> >>>> a cash as-is sale price of $108,000!
>> >>>>
>> >>>> Why is it SO HARD for folks here to understand that? The cheap Chinese
>> >>>> landlord(s) don't want to put any money into this house to "fix it up"
>> >>>> and I DO!
>> >>>>
>> >>>> In fact I just signed a roofing "repair and RESTORE" estimate for
>> >>>> $113,671 from Old World Roofing company here in STL who DOES restore
>> >>>> these old red clay tile roofs like we have a lot of here in STL!! See?
>> >>>>
>> >>>> http://oldworldroofingco.com/Home_Page.html
>> >>>>
>> >>>> John Kuthe...
>> >>>>
>> >>> OMG!!!!
>> >>>
>> >>> You put MORE into the roof than the whole house?
>> >>>
>> >>> Dude, you're underwater right NOW!
>> >> Maybe once restored it will be worth $500,000.
>> > No, not that much. My buyer's agent ran "comps" on properties in my area of Bel Nor and NO PROPERTIES in the area came up to $500,000. Maybe $200,000ish.
>> >
>> > But it's gonna ROCK! And last! And look VERY COOL!
>> >
>> > John Kuthe...
>>
>> So you will have well over $225K in a house worth $200K? That's bad
>> economics.
>
>It's not ALL about economics!! It's about saving a house! A BEAUTIFUL house!!
>
>https://scontent-ort2-2.xx.fbcdn.net...b0&oe=5A48FDC7
>
>John Kuthe...

Buying that old house is the same as buying an old wooden boat; a hole
in the ocean where one tosses ALL their money and gets nothing in
return.
That's not even a nice looking or well built house... wtf is
that support cable steadying the chimney, that's not the original
chimney, the original crumbled and a cheap undersize replacement was
installed... had to be that height to meet code.
I wouldn't want to live their for free, there's no privacy, even a
shared driveway.