@thomashawk Three musical groups over time who had the best LA songs, captured the "feeling" of LA the best, were (in any order):
The Doors
Steely Dan
Red Hot Chili Peppers
@dig_deeper1 2/ He may indeed have other offers, but some of those are of questionable ability to perform--may or may not be able to get a loan, has odd contingencies built into the offer, etc.
If your offer is cleaner, he may have other offers but will go with yours.
Cash trumps all, often
@dig_deeper1 1/ My guess is that two things, separately or in combo, cause this.
It's ALWAYS to the benefit of the listing agent to portray that the property is on the verge of being snatched away by another buyer. So that's one reason to lie, outright.
@bste3691 @Gobblingtom13 @pineconemacro@LynAldenContact Yep. New technology penetrating the market.
First wave was near-prototype stuff, much new ground to be covered in design and manufacture.
AS things became more familiar in desig/manuf, there was a while when sunk eng costs were recovered.
Then it was free market downward.
@dig_deeper1 To make this more meaningful, please give us a rough outline of the mechanism of how he gets money, and how much he invested to set it up.
Otherwise, this is just a sort of happy fairy tale.
@Yimbymanatee If it's on the footprint of a commercial lot, I think it's OK.
But if we're talking about 6-8 units mid-block in a former SFH zoned area, one of say 25 such square blocks, not a good idea.
@Gobblingtom13 @pineconemacro@LynAldenContact I think it's a lot weirder than that. Once we went to fiat currency, post Breton Woods, an element of faith entered into cash wealth; it has value because we *believe* in it. When it was commodities metals based, there was a personal attraction to the currency.
Just my opinion.
@Gobblingtom13 @pineconemacro@LynAldenContact You could, but lending costs would gradually ratchet up. Money then gets relatively scarce, and if the population grows, this makes the scarcity worse.
@jasoncoxnc Jason, I'm asking you to tell me that if *you* have a kid or kids and a backyard and it's in a city block that currently houses 35 people happily and has for 50 years, *you* would be unaffected if the # of people went up to 140 people.
And their vehicles/pets?
@ad_mastro@jasoncoxnc @peanutg53954578 OK. This is understandable.
For those who selectively bought into a moderate density SFH zone *because* of the current zoning, if they wish to stay in the same sort of density, they can move.
Where can they find some assurance the the density will remain the same for a while?
@jasoncoxnc First, you recognize that there is a human cost in changing the density of an existing neighborhood, right?
Use you own POV: you have a kid or kids, right? You have a backyard, right? Your family is happy with the status quo in this neighborhood.
Can you accommodate 4x density?