Recent content by jwlam_IHB

  1. J

    American Casino

    Anyone watch this movie yet? American Casino SYNOPSIS We All Lost “I don’t think most people really understood that they were in a casino” says award-winning financial reporter Mark Pittman. “When you’re in the Street’s casino, you’ve got to play by their rules.” This film finally explains...
  2. J

    what happens when you buy a house with unpermited structures on the estate?

    Knife Catcher - as the new owner, you'll be legally responsible for the illegal structure. You said its a detached guest structure. There are a couple of things you can do: (1) try to legalize it by submitting plans. It's unclear whether this would be sufficient without knowing the physical...
  3. J

    Affordable condo lottery

    A TIF district is different from a redevelopment area. TIF districts are smaller and are formed for the specific task of usually paying back government bonds used for public improvements and land acquisition within a larger redevelopment area. Whereas when a redevelopment area is created there...
  4. J

    Affordable condo lottery

    I work on affordable housing developments very frequently. The majority of affordable housing developments are not 100% affordable, but the redevelopment agencies and their money are involved 90% of the time. The other 10% of the time comes from grants or loans from non-profits or state and...
  5. J

    Affordable condo lottery

    This is not correct. Affordable housing units in new construction are usually subsidized by public money in the form of Redevelopment Tax Increment 20% set-aside funds. All Redevelopment Agencies must set aside 20% of their tax increment funds for the sole purpose of affordable housing, which...
  6. J

    Harbor Lofts Revisted

    I haven't heard anything new. I was in contact with the sales lady previously but have stopped showing interest over the last couple of months. I am just waiting to see what their next move is at this point. I think conversion to rental units might be their next move. Their recent August...
  7. J

    Will this be the new trend for newly Developed Condos?

    As an alternative to slashing prices? Link
  8. J

    Harbor Lofts Revisted

    The only walls that are considered extras are the walls that seal off portions of the loft into separate individual rooms. All other walls are included in the purchase price.
  9. J

    Harbor Lofts Revisted

    Personally, I like the units. Why the previous purchasers backed out before the construction was likely due to the fact that they were going to buy them for $400k and lending would have fallen through anyway. As I said before, I'd like to buy these somewhere in the low $200ks. Is this a...
  10. J

    Harbor Lofts Revisted

    bkshopr - I agree with your position that purchasing with girlfriend may not the best decision. However, I will be purchasing the property personally and she will not be on title.
  11. J

    Harbor Lofts Revisted

    bkshopr - Maybe I'm not understanding. but the Harbor Lofts are totally complete, aside from the finishing inside each unit. There are people living there already. Of the 129 units completed, only 9 have been sold at this point. The grand opening was in February 2008. Does this change your...
  12. J

    Harbor Lofts Revisted

    Hi, I recently viewed the Harbor Lofts and liked them due to the its location as it serves as a reasonable compromise area for my girlfriend and I who work in completely opposite areas of southern california. The loft representatives have indicated that they are not selling any units at the...
Back
Top