MojoJD_IHB
New member
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"Low income housing" abuse?
- Thread starter MojoJD_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
There are a few requirements for the low-income housing. First is obviously the low income level, which must be documented and supported with tax returns, paystubs, etc. These income levels are tiered, depending upon the number of people in the family unit that are buying the home.
Second is a stipulation that DTI ratios must not exceed 35%, ostensibly to keep the homeowner within a reasonable payment schedule and to protect themselves from overpaying. This is a tough requirement to meet when the income has to be below a certain level, without a large down payment.
Third is that the home must be owner-occupied and homeowner must not hold title to any other property in CA.
These stipulations run with the property for the next 45 years, so he will have to find someone very similar when he tries to sell in the future. The city also caps the maximum sale price to future buyers.
Sellers can't discriminate based on familial status, but with the hoops that you have to jump through, it often times falls to the bachelor-type that you've described.
I have a listing of a similar property here: www.134Liberty.com that has been difficult to find a qualified buyer for. It has the additional obstacle of being very close to the train tracks. We've had 4500+ website hits, 164 agent showings, and 4 offers, none of which have qualified. A full list of the affordable housing requirements may be found here.
Good luck Mojo, and Koo-Koo-Ka-Choo.
-IR2
http://i.ehow.com/images/GlobalPhoto/Articles/4731503/earplugs_Full.jpg
I would like to have the visual along with the audio.
Better call the cops at 8pm then snip the panel at 10pm and deal with IPD around 11pm. Forget about filing the report and we all know where the paperwork will end up.
HAHA! I like the ideas.
I have a new theory. May be the 40% shrimp paste population is the secret in keeping the criminals away.
A jar of shrimp paste will last for the entire season. Make sure to leave the lid open and a window screen mesh tied around the jar neck with a rubberband otherwise without it ants would get into it and devour the delicious condiment.
During the Japanese invasion in China women cut their hair, dressed in male attire and spread shrimp paste in their private area.
Sometimes I learn more from you than I ever cared to know.
How's your accuracy with an icicle gun?
rancidnsx_IHB
New member
I had to deal with a neighbor who would get all National Geographic at 3-4am in the morning , windows wide open(I'm guessing hes a bartender pairing up with some slutty and LOUD hostess). After plotting several ways to get them to stop (notes, calling security, etc) I just manned up and went over there and talked to him. I think that's the best way to solve these kind of things.
IrvineRealtor_IHB
New member
MojoJD said:
There are a few requirements for the low-income housing. First is obviously the low income level, which must be documented and supported with tax returns, paystubs, etc. These income levels are tiered, depending upon the number of people in the family unit that are buying the home.
Second is a stipulation that DTI ratios must not exceed 35%, ostensibly to keep the homeowner within a reasonable payment schedule and to protect themselves from overpaying. This is a tough requirement to meet when the income has to be below a certain level, without a large down payment.
Third is that the home must be owner-occupied and homeowner must not hold title to any other property in CA.
These stipulations run with the property for the next 45 years, so he will have to find someone very similar when he tries to sell in the future. The city also caps the maximum sale price to future buyers.
Sellers can't discriminate based on familial status, but with the hoops that you have to jump through, it often times falls to the bachelor-type that you've described.
I have a listing of a similar property here: www.134Liberty.com that has been difficult to find a qualified buyer for. It has the additional obstacle of being very close to the train tracks. We've had 4500+ website hits, 164 agent showings, and 4 offers, none of which have qualified. A full list of the affordable housing requirements may be found here.
Good luck Mojo, and Koo-Koo-Ka-Choo.
-IR2
http://i.ehow.com/images/GlobalPhoto/Articles/4731503/earplugs_Full.jpg
MojoJD_IHB
New member
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bkshopr_IHB
New member
MojoJD said:Yeah. Regarding the qualification, its the relatively young age, pricey cars, large TV, new console system, new video games, etc. (obviously is not living uber-frugally) that rings my suspicions. I fail to see how this person can qualify for that "low income" mark and still afford the down payment and all the toys.
Perhaps I will go talk to him about the noise eventually.
And hey rancid, maybe you could have just left a note:
I would like to have the visual along with the audio.
Geotpf_IHB
New member
"Low income" in Irvine is quite a bit of money. It's based on the average income in a given area, and, since Irvine is a upper class area, those numbers are quite high. For a single person, "Very low income" is $32,550 a year, and "Lower income" is $52,100 a year. For a family of five, the higher number is over $80k.
A single person who makes $32.5-52.1k a year, depending on their housing expenses, can afford a fancy game system and a new car.
Source
A single person who makes $32.5-52.1k a year, depending on their housing expenses, can afford a fancy game system and a new car.
Source
MojoJD_IHB
New member
Absurd!
[deleted my unnecessarily politically charged and preachy shpeel about personal responsibility and people feeling entitled to things that others work hard for]
I give up. I'm going to buy my own island.
[deleted my unnecessarily politically charged and preachy shpeel about personal responsibility and people feeling entitled to things that others work hard for]
I give up. I'm going to buy my own island.
ABC123_IHB
New member
Why are you assuming the person paid $2,000 for the TV? You can get pretty good deals on televisions from Craigslist or garage sales. How do you know how much he paid for the car? It could be used or leased or a gift.
I'm not trying to defend anyone who plays loud music at all hours of the night because there is nothing more infuriating than having selfishly noisy neighbors when you're trying to sleep.
I'm not trying to defend anyone who plays loud music at all hours of the night because there is nothing more infuriating than having selfishly noisy neighbors when you're trying to sleep.
MojoJD_IHB
New member
Yeah, maybe I'm just grumpy. In any case, this strikes me as a situation where the kid has a BS job, no motivation, and a track record of consistently low income while rich mommy and daddy forked over the cash for a down payment and any other goodies described above. In that situation, his personal income would qualify, but it would be an abuse of the spirit of the law - which means nothing I suppose. It just sucks because you expect that with a certain pricepoint, the occupants in a neighborhood GENERALLY (i know not always) have jobs that prevent hooting and hollering until 1:00 am almost every weeknight.
bkshopr_IHB
New member
Nude said:Find his:
They are usually held closed by a simple wire "lock" that can be cut with nail clippers. When the clock strikes 10pm (or whatever seems reasonable) turn the ON switch to OFF.
If he doesn't get the hint, start calling the cops.
Better call the cops at 8pm then snip the panel at 10pm and deal with IPD around 11pm. Forget about filing the report and we all know where the paperwork will end up.
graphrix_IHB
New member
Crash one of his Rockband parties and hang out with them one night. Scope out the place and find a location where they would never ever find the open jar of shrimp paste you stashed there. Pretty soon no one will want to come over. Hopefully you don't live down wind from the place...
MojoJD_IHB
New member
bkshopr said:Nude said:Find his:
They are usually held closed by a simple wire "lock" that can be cut with nail clippers. When the clock strikes 10pm (or whatever seems reasonable) turn the ON switch to OFF.
If he doesn't get the hint, start calling the cops.
Better call the cops at 8pm then snip the panel at 10pm and deal with IPD around 11pm. Forget about filing the report and we all know where the paperwork will end up.
HAHA! I like the ideas.
irvine_home_owner_IHB
New member
Depending on who his friends are... they may ALWAYS want to come over... bk would be there in a second.graphrix said:
bkshopr_IHB
New member
irvine_home_owner said:
I have a new theory. May be the 40% shrimp paste population is the secret in keeping the criminals away.
MojoJD_IHB
New member
I've thought about the stink-bomb idea. I brainstormed and imagined that the best way to plant a rot-stink drop is to place the fish into a plastic ziplock baggie along with a large piece of dry ice, and then leave it slightly un-ziplock'd at the top. The generally enclosed area will allow the chunk of dry ice will keep the offending food frozen and stink-free for quite some time (days, depending on the conditions). When the ice "melts" it leaves only gas, so there is no mess or evidence of it being there. Further, you have 3-4 days of deniability - the target wont suspect you because you had not been there in many days.
... I've put way too much thought into this.
... I've put way too much thought into this.
bkshopr_IHB
New member
MojoJD said:
A jar of shrimp paste will last for the entire season. Make sure to leave the lid open and a window screen mesh tied around the jar neck with a rubberband otherwise without it ants would get into it and devour the delicious condiment.
During the Japanese invasion in China women cut their hair, dressed in male attire and spread shrimp paste in their private area.
SoCal78_IHB
New member
bkshopr said:
Sometimes I learn more from you than I ever cared to know.
IrvineRealtor_IHB
New member
MojoJD said:
How's your accuracy with an icicle gun?
IrvineRenter_IHB
New member
Have you thought about cranking Frank Sinatra at about 6:00 AM? Maybe you can wake him up.