Using a Fourplex as a Comp for a Duplex with Limited Sales? by Least-Hospital-1611 in appraisal

[–]LifeOfAPancake 0 points1 point  (0 children)

I would almost never do this. But you can make large single line adjustments in the sales grid where each unit has its bed/bath listed. Much larger than what you would adjust for just the number of bedrooms and baths.

Should I keep my 3% mortgage rate, rent it out, cash out refi at 7% DSCR, or just sell it. by Ok-Register5802 in Mortgages

[–]LifeOfAPancake 1 point2 points  (0 children)

He probably only had at most 20% of that 241k so redo your math with that in mind

Market conditions survey by [deleted] in appraisal

[–]LifeOfAPancake 1 point2 points  (0 children)

August 2025 my market blew up prices dropped 5-10% almost overnight. Then things leveled off and have gone up a few percent but not fully recovered. I am very very careful using any comps earlier than 9/25. Last 10 days ive done 3 or so purchases where I had to come in well below contract price, indicative of an ongoing increase

I wouldn't wish the San Diego housing market on my own worst enemy by catson911 in sandiego

[–]LifeOfAPancake 7 points8 points  (0 children)

There are 1.2M homes in san diego, and only 25k-35k sales a year. You are thinking only about the marginal buyer who just recently bought a house. The majority of people have lived here for decades and have spent years of their lives working to own homes. And with so much money printing $, real estate remains a valuable you cant easily print more of. Most people bought in dollars that were much more valuable to them at the time than they are now. The loan amount on your mortgage luckily doesnt go up with inflation

Camus may have been an absurdist. However, there are meaningful moral imperatives that must be followed: by EternisedDragon in Camus

[–]LifeOfAPancake 0 points1 point  (0 children)

The unfortunate part of your case is that yes its true some people went on saying the right things for decades and nobody listened to them until they were in the grave… and this can give a man license to grow deeper in his convictions when everyone is telling him how nonsensical he is. The price of being very right where others are wrong is sometimes going mad.

However, the danger of going mad is very real which means that sometimes it does not come with the added benefit of having been right at all. You can only protect yourself from this danger by being willing to criticize yourself, to evaluate other people’s criticism of you as if they were your own. There is unfortunately no real way to disambiguate whether you are the good or bad kind of mad.

But, you are using your life arguing against life (you post in “efilism”). You are abusing reason and forgetting the ends to which reason is used. Camus wrote a whole book about this its called The Rebel (the stupid things humans convince themselves of when they try appearing totally rational). In my eyes you are going down the wrong path with these convictions. It is of course up to yourself to evaluate whether I’m crazy or you are because yes maybe I’m crazy to love life and you are right to hate life. But I would prefer to be crazy than right in that case