Bryan Simmons wrote:
> On Wednesday, January 13, 2021 at 7:25:49 PM UTC-6,
>
johnk...@gmail.com wrote:
> > On Wednesday, January 13, 2021 at 7:11:22 PM UTC-6,
> >
bryang...@gmail.com wrote:
> > > On Wednesday, January 13, 2021 at 6:15:35 PM UTC-6, cshenk wrote:
> > > > Alex wrote:
> > > >
> > > > > John Kuthe wrote:
> > > > I don't have many but the main one is still netting me 8%
> > > > return.
> > > We're looking at houses again tomorrow, some of which are in a
> > > municipality that is known worldwide, Ferguson. The Ferguson
> > > cop who killed Michael Brown lived in Crestwood, where Mr. Kuthe
> > > and I grew up. One can get a lot of house for not a lot of money
> > > in Ferguson.
> > >
https://www.zillow.com/homes/2653052_zpid/
> > > It's not unsafe. I was hesitant about my son buying in North
> > > County, but a big yard and open floorplan is what he wants, and
> > > while the lender considers it investment property, for my son,
> > > it's a potential home.
> > >
> > > --Bryan
> > Prejudiced much? :-(
> >
> John, it's not about race. I live on a street that was over 50%
> Black when I moved in, and is about 50-50 20+ years later. Todat we
> looked at 3 houses in Ferguson, and will likely buy one of them. I
> think that every American here has heard of Ferguson, and most of the
> non-USA folks have as well.
>
> What I wouldn't do is buy a house that needed $125K of roof repair,
> putting in more money than the house would sell for today, which is
> what you did. The exterior of your house is beautiful, and perhaps
> the inside is as well, but what you have into the house, money-wise,
> is less than market value.
>
> The house that my son is on the verge of putting an offer on is
> likely to increase in value, and it's in a municipality that has
> businesses, not one of the tiny cities in North County that's
> revenues are almost exclusively from property taxes.
>
> Fuck, John, you know me well enough to know that I'm anything but
> racist. I would have preferred that my son buy in University City,
> mostly because he'd be closer, on a street with similar racial
> demographics to the one in Ferguson, but he wants a large, open
> basement, so he can have a billiard table, and it's about him, not
> me. He's not racist either. He doesn't want to live in a segregated
> neighborhood. I think he's a bit too colorblind to racism, but he's
> more conservative that his parents in general. I was too when I was
> 19.
>
> >
> > John Kuthe...
>
> --Bryan
I would not want to live in a mono-color neighborhood either. We
enrich each other here. We *may* look 50% 'white' but that is
subjective as some might be further defined and Hispanic (and ride
either line of white or not). In truth we are probably 35% 'white',
35% 'Black' and 30% 'mixed other from Hispanic to Asian to American
Native'.
We are a melting pot of the upper end of lower income when we bought
and many stayed. Our diversity enriches us.