Rant of the moderately wealthy... - WickedFire - Affiliate Marketing Forum

Benji49 · 01-07-2012, 11:42 AM

So I get up $325k to reno my house and the stupid contractor revises the quotes to $425k. It's day 4 since getting this shoved in my face and I'm still pissed.

So another six months of working really hard to dig up $75k which will go to some contractor but not that one.

My stupid roof on my house is leaking so I can't put off renos forever.

And I'm thinking when I was 23 and living in a flophouse with 6 other people of which 4 were drunks, with no money for food, life was a helluva easier. And MUCH simpler.

Jeepers, and I HAVE TO DO MORE TAX WORK AGAIN. Just did my corporate and now I have to calculate my t4s and then it's my personal tax.

Pile on you bastards, pile on.

BigWill · 01-07-2012, 11:48 AM

Tell the contractor to suck a cock. They will squeeze every single dime they can out of you.

lukep · 01-07-2012, 11:52 AM

LOL Homeownership, homeownership LOL.

dmnEPC · 01-07-2012, 12:01 PM

Lol its all about the "change orders". If your going to get these renovations done you may want to look into the term. Something changed and or happened at the and that's why your quote changed. That or the contractor actually put the pencil to paper. And why are you putting up all of your cash on renovations? And whatever price your quoted you should prepare yourself for these changes its not uncommon to have your bill go up during construction 10 to 20% over budget. You need to discuss these change orders with any prospective contractor. Its usually the lowball estimate that makes it up after starting the job with these unforeseen "change orders"

MSTeacher · 01-07-2012, 12:10 PM

Quote:

Originally Posted by BigWill

Tell the contractor to suck a cock.

this. tell him to come up with better numbers or he's off the job.

Moxie · 01-07-2012, 01:18 PM

Get quotes from other contractors or at least tell this one that you are going to do that.

greenleaves · 01-07-2012, 01:29 PM

If you can't afford the project going slightly over budget, don't get such an expensive project.

You get zero sympathy from me. You tried to go above your means and are paying for it.

makethatgreen · 01-07-2012, 01:31 PM

$425k in renovations? Sounds like a new house might be a better idea.

wickedDUDE · 01-07-2012, 01:34 PM

Do you live in a mansion ?

peacestone · 01-07-2012, 01:56 PM

If you tell the contractor to eat it, just be sure that the 75k is not valid. If it is valid, and he eats it than he could compensate for his loss by giving you less quality, stretching the time frame etc.. and you may end up having to pay more than 75k on legal, and hiring a new contractor to complete the job right. That big of a change from the original price suggests one of the following:

1. He added wrong
2. He quoted low to get the job than bumped it up.
3. There were "behind the wall" factors that were unforeseen and the bump could be legitimate.

If it was #1, well allot of contractors can't add.
If it was #2, fire him.
If it was #3, this could be legitimate (depending on what was behind the walls and if it was really unforeseen and really worth 75K), and any other contractor would have probably done the same.

I am assuming that you got 3 bids before going with the current guy, so if he falls out than just bring another bidder or go with whoever was your second choice.

dmnEPC · 01-07-2012, 01:59 PM

Quote:

Originally Posted by peacestone

If you tell the contractor to eat it, just be sure that the 75k is not valid. If it is valid, and he eats it than he could compensate for his loss by giving you less quality, stretching the time frame etc.. and you may end up having to pay more than 75k on legal, and hiring a new contractor to complete the job right. That big of a change from the original price suggests one of the following:

1. He added wrong
2. He quoted low to get the job than bumped it up.
3. There were "behind the wall" factors that were unforeseen and the bump could be legitimate.

If it was #1, well allot of contractors can't add.
If it was #2, fire him.
If it was #3, this could be legitimate (depending on what was behind the walls and if it was really unforeseen and really worth 75K), and any other contractor would have probably done the same.

I am assuming that you got 3 bids before going with the current guy, so if he falls out than just bring another bidder or go with whoever was your second choice.

Guarantee its #3 and OP went with the lowest estimate. I would even be willing to bet the other 2 estimates were for close to the 425 that the other contractors quoted. whats the rest of the story OP? There is more to the story that you forgot to mention in your post

peacestone · 01-07-2012, 02:08 PM

After re-reading - contractor bumped it up 100K. And OP saved an additional 75K? There are missing pieces to this story. I hate STS, instead of working to pay some contractor to fix my house, I'm wasting my time on this shit. I'm out - thanks for the motivation OP.

FerrisHilton · 01-07-2012, 02:09 PM

Quote:

Originally Posted by dmnEPC

Guarantee its #3 and OP went with the lowest estimate. I would even be willing to bet the other 2 estimates were for close to the 425 that the other contractors quoted. whats the rest of the story OP? There is more to the story that you forgot to mention in your post

You win teh prize.

OP subtlely disguises a rant as a brag about home no doubt valued in the low mils. Wants a pat on the back. Thread backfire

-joe- · 01-07-2012, 02:22 PM

Quote:

Originally Posted by greenleaves

If you can't afford the project going slightly over budget, don't get such an expensive project.

You get zero sympathy from me. You tried to go above your means and are paying for it.

this.

Hale.Pane · 01-07-2012, 02:41 PM

guerilla · 01-07-2012, 03:05 PM

Quote:

Originally Posted by lukep

LOL Homeownership, homeownership LOL.

This.

You must have a lot of money if you are spending $325k to renovate a durable consumer good.

In related news, a man spent $4000 to convert his bicycle into a tricycle.

IceToEskimos · 01-07-2012, 03:13 PM

things I've learned ITT:

being a homo(ner) can get expensive.
sometimes contractors will try to take advantage of you if you are a homo(ner).
OP is a homo(ner).
there is not much sympathy for homo(ner)s on Gay Webmaster forums.

Yuckystuff · 01-07-2012, 03:50 PM

Quote:

Originally Posted by Benji49

So I get up $325k to reno my house and the stupid contractor revises the quotes to $425k. It's day 4 since getting this shoved in my face and I'm still pissed.

So another six months of working really hard to dig up $75k which will go to some contractor but not that one.

My stupid roof on my house is leaking so I can't put off renos forever.

And I'm thinking when I was 23 and living in a flophouse with 6 other people of which 4 were drunks, with no money for food, life was a helluva easier. And MUCH simpler.

Jeepers, and I HAVE TO DO MORE TAX WORK AGAIN. Just did my corporate and now I have to calculate my t4s and then it's my personal tax.

Pile on you bastards, pile on.

gbmack · 01-07-2012, 04:00 PM

brag moar

JCash · 01-07-2012, 04:12 PM

Welcome to real estate mistakes nubs make. The 2500 square foot house for $100,000 in the $100/sq foot neighborhood ends up costing you $500,000.

DreamMachine · 01-07-2012, 05:12 PM

Ever done any reno work yourself? The next house I build, I'm going to build it myself by directing the trades rather than paying a builder (or contractor as you guys call it). You can usually save 15-20%.. but then again I've done a shitton of reno work - I could probably build a house myself if I dedicated enough time.

It's actually pretty easy, you just need to do things in the correct order.

Dumbass · 01-07-2012, 05:34 PM

Quote:

Originally Posted by Benji49

So I get up $325k to reno my house and the stupid contractor revises the quotes to $425k. It's day 4 since getting this shoved in my face and I'm still pissed.

So another six months of working really hard to dig up $75k which will go to some contractor but not that one.

My stupid roof on my house is leaking so I can't put off renos forever.

And I'm thinking when I was 23 and living in a flophouse with 6 other people of which 4 were drunks, with no money for food, life was a helluva easier. And MUCH simpler.

Jeepers, and I HAVE TO DO MORE TAX WORK AGAIN. Just did my corporate and now I have to calculate my t4s and then it's my personal tax.

Pile on you bastards, pile on.

Yea, its better to be young and poor then wealthy with alot of headaches. The damn responsibilities!! Sucks, but c'est la vie..

Dumbass · 01-07-2012, 05:35 PM

Quote:

Originally Posted by Dumbass

Yea, its better to be young and without responsibilities then wealthy with alot of headaches. The damn responsibilities!! Sucks, but c'est la vie..

Ironically enough I always felt like I had more money then then now..

Dwight Schrute · 01-07-2012, 05:49 PM

Quote:

Originally Posted by Moxie

Made me LOL

Anytime I want work done, I hire my Salvadorean friend without a contractor's license who does work in half the time at 25% of the cost.

crackp0t · 01-07-2012, 06:03 PM

Quote:

Originally Posted by Dwight Schrute

Made me LOL

Anytime I want work done, I hire my Salvadorean friend without a contractor's license who does work in half the time at 25% of the cost.

I'm reporting you to ICE!

Dwight Schrute · 01-07-2012, 06:24 PM

Quote:

Originally Posted by crackp0t

I'm reporting you to ICE!

Benji49 · 01-07-2012, 10:15 PM

Quote:

Originally Posted by dmnEPC

Guarantee its #3 and OP went with the lowest estimate. I would even be willing to bet the other 2 estimates were for close to the 425 that the other contractors quoted. whats the rest of the story OP? There is more to the story that you forgot to mention in your post

5 builders were solicited to build on the project, which involves putting another level on the house.

3 waved their wet fingers in the airs and came up with a number.

2 submitted written quotes. One just upped their quote to $425k while the other one submitted a preliminary of $270k. So I gotta go back to the $270k guy and see if he was serious.

And what the fuck has this place ever gone downhill if you guys think this is a bragging thread. A six-fig income for a forty-year old guy with wife and kids
living in Vancouver is strictly middle-class.

It used to be if you admitted making just $100k yearly in this forum people laughed at you and called you a WAFO idiot.

REIMktg · 01-08-2012, 12:12 AM

Exactly what are you doing that will cost $425K?

Just adding a story? Are you remodeling kitchen and other baths also?

Is it an 4,000 sq ft home you are converting to 8,000?

Benji49 · 01-08-2012, 12:53 AM

Quote:

Originally Posted by REIMktg

Exactly what are you doing that will cost $425K?

Just adding a story? Are you remodeling kitchen and other baths also?

Is it an 4,000 sq ft home you are converting to 8,000?

It's a Vancouver reno.
The market has gone completely nuts because of Asian money from the west and oil from the east (Alberta). So all the contractors think because you are a home owner, you make a million a year.

The following screencap should explain a lot. Look at the the houses, completely ordinary. These houses all went for $200K-$300 about ten year in my neighbourhood. Look at the prices now:

Russ86 · 01-08-2012, 01:11 AM

Oh yeah, well MINE was originally 500k.. and then MY contractor upped it to 800k.

</brag>

JCash · 01-08-2012, 01:13 AM

That's horse of different color. You should just cash in and flee Hongcouver before the bubble bursts or it's cooked in a riot.

MSTeacher · 01-08-2012, 04:25 AM

haters in this thread..

those prices are high, real estate and the quotes. Take the addon to the $270k bid and tell them to submit a new quote. Or start the bid process again. Or give up 40 hours/week to be your own GC. If you know what you're doing and you want daily headaches.

And make sure you know your contractor's terms for change orders and overages, i.e. cost, cost plus, flat, etc.

evasive · 01-08-2012, 05:30 AM

Quote:

Originally Posted by Benji49

So another six months of working really hard to dig up $75k which will go to some contractor but not that one.

So you are planning to spend $325k to do a reno, but you need to work "really hard" to make another 75k? What are you doing..

Make your money work for you..

Fatbat · 01-08-2012, 07:13 AM

You work on the internet and live on Main St.? Why?

eliquid · 01-08-2012, 09:37 AM

For sure haters in this thread. Most of you ass clowns I know for a fact have ZERO experience about real estate because you either still:

1. Live in your mom's basement
2. Live in a dorm
3. Didn't know what you were doing with RE to begin with and got fucked and now sing praises of living in an apartment/RV/condo b/c you didn't understand shit anyways.
4. Living with someone else, like a GF or friend.

Also, I ain't hating on the OP, but what the fuck on the below?

Quote:

So I get up $325k to reno my house and the stupid contractor revises the quotes to $425k. It's day 4 since getting this shoved in my face and I'm still pissed.

First of all, get use to this. This happens all day every day in every industry. Not sure why you mad, this is common in everything in life and business.

Quote:

So another six months of working really hard to dig up $75k which will go to some contractor but not that one.

If you having to work really hard ( congrats on that for not being lazy ) for 6 months to "dig up" 75k, then you did this whole bid wrong bro. I am not trying to slam you, but if your spending $325k on your home, and have to sweat some small details like an extra $75k, then you spent way too much on the reno. I know you in Vancouver and such, but it sound like with the money you had on hand/available, you should have just only fixed your roof and left it at that. Dump the other reno's for now and piece them out bro. Fix the roof only and save your money.

Quote:

My stupid roof on my house is leaking so I can't put off renos forever.

Why does your home need so many reno to begin with? Was this a fixer upper you bought and now its too much, or is this a house you have neglected for years and years? Either way, something seems a bit off.

Quote:

And I'm thinking when I was 23 and living in a flophouse with 6 other people of which 4 were drunks, with no money for food, life was a helluva easier. And MUCH simpler.

Ignorance is bliss for sure. When we don't know about money, life is simpler.

Quote:

Jeepers, and I HAVE TO DO MORE TAX WORK AGAIN. Just did my corporate and now I have to calculate my t4s and then it's my personal tax.

You need to get a system in place where you spend very little time on this. If you can afford $325k on renos ( even though $75k is stressing you out ) then you should have enough to pay a full service CPA and tax attorney to do EVERYTHING for you and have this shit done for a small monthly fee. Get on this.

Quote:

Pile on you bastards, pile on.

You knew we would, so here it is.

As far as everyone else.. When you do homeownership right and you know what you doing, you wouldn't be talking about how stupid it is. My home was $300k and I havent put a dime into for 3 years now and everything in it is running solid. Shit happens though, weither you have a $50k dump home, a $500k home, a condo, or your moms basement.. shit happens. What you haters gonna do when your RV breaks down, your moms basement floods, or your neighbor's apartment/condo catches on fire and burns your shit to the ground with it?

They make this shit that call insurance. Pay it and be fine. Again, if your doing it right it isn't bad thing. While you live in your apartment for 3 years paying more then most mortgages, you don't get shit back out of it when you leave. I least I get some/breakeven/more on mine. Also, I dont buy shitty homes to begin with.

Sorry bros, I ain't having a landlord come in my personal space anytime they want or dealing with noisy ass clown neighbors that could burn the whole fucking place down with no fault of my own, living in a damp basement, or having my RV get stolen/have to clean the shitter every few days.

Grindstone · 01-08-2012, 09:48 AM

Quote:

Originally Posted by DreamMachine

It's actually pretty easy, you just need to do things in the correct order.

This, building is just stacking, with fasteners.

Quote:

Originally Posted by Benji49

It used to be if you admitted making just $100k yearly in this forum people laughed at you and called you a WAFO idiot.

Berriez monies dried up, people actually had to work, no time to pretend to be baller.

Quote:

Originally Posted by eliquid

Sorry bros, I ain't having a landlord come in my personal space anytime they want or dealing with noisy ass clown neighbors, living in a damp basement, or having my RV get stolen.

lol, u mad?

Totally agree tho...

eliquid · 01-08-2012, 09:53 AM

^^ I stay mad bro, its a chronic condition.

Rexibit · 01-08-2012, 10:20 AM

Quote:

Originally Posted by eliquid

For sure haters in this thread. Most of you ass clowns I know for a fact have ZERO experience about real estate because you either still:

1. Live in your mom's basement
2. Live in a dorm
3. Didn't know what you were doing with RE to begin with and got fucked and now sing praises of living in an apartment/RV/condo b/c you didn't understand shit anyways.
4. Living with someone else, like a GF or friend.

Also, I ain't hating on the OP, but what the fuck on the below?

First of all, get use to this. This happens all day every day in every industry. Not sure why you mad, this is common in everything in life and business.

If you having to work really hard ( congrats on that for not being lazy ) for 6 months to "dig up" 75k, then you did this whole bid wrong bro. I am not trying to slam you, but if your spending $325k on your home, and have to sweat some small details like an extra $75k, then you spent way too much on the reno. I know you in Vancouver and such, but it sound like with the money you had on hand/available, you should have just only fixed your roof and left it at that. Dump the other reno's for now and piece them out bro. Fix the roof only and save your money.

Why does your home need so many reno to begin with? Was this a fixer upper you bought and now its too much, or is this a house you have neglected for years and years? Either way, something seems a bit off.

Ignorance is bliss for sure. When we don't know about money, life is simpler.

You need to get a system in place where you spend very little time on this. If you can afford $325k on renos ( even though $75k is stressing you out ) then you should have enough to pay a full service CPA and tax attorney to do EVERYTHING for you and have this shit done for a small monthly fee. Get on this.

You knew we would, so here it is.

As far as everyone else.. When you do homeownership right and you know what you doing, you wouldn't be talking about how stupid it is. My home was $300k and I havent put a dime into for 3 years now and everything in it is running solid. Shit happens though, weither you have a $50k dump home, a $500k home, a condo, or your moms basement.. shit happens. What you haters gonna do when your RV breaks down, your moms basement floods, or your neighbor's apartment/condo catches on fire and burns your shit to the ground with it?

They make this shit that call insurance. Pay it and be fine. Again, if your doing it right it isn't bad thing. While you live in your apartment for 3 years paying more then most mortgages, you don't get shit back out of it when you leave. I least I get some/breakeven/more on mine. Also, I dont buy shitty homes to begin with.

Sorry bros, I ain't having a landlord come in my personal space anytime they want or dealing with noisy ass clown neighbors that could burn the whole fucking place down with no fault of my own, living in a damp basement, or having my RV get stolen/have to clean the shitter every few days.

QFT

Fix the damn roof and save your money until after you've planned this out enough to where you can modulate the reno, or just live with what you have and smile at not having your home turn into a mold-infested hole.

JCash · 01-08-2012, 01:17 PM

LOLZ @ the throwing stones at haters from the glass houses.

Izaya · 01-08-2012, 01:53 PM

Holy shit Vancouver's even worse then Toronto. Can't wait until the market crashes, then my generation might actually have a shot of buying a house.

Mr Jacksonian · 01-08-2012, 01:56 PM

Quote:

Originally Posted by guerilla

This.

You must have a lot of money if you are spending $325k to renovate a durable consumer good.

In related news, a man spent $4000 to convert his bicycle into a tricycle.

A+ Post

1yerrot · 01-08-2012, 02:02 PM

Quote:

Originally Posted by Yuckystuff

LULZ!!!!

RedFireGreg · 01-08-2012, 02:07 PM

What are the contractors that gave you those quotes? A few of my Friends have there own there own companies, I could ask if they know the ones that you are dealing with.

What he wants to spend on the Reno will get him a 2 bedroom 600-900 sq foot condo in East Vancouver. Prices are insane here.

Kiopa_Matt · 01-08-2012, 02:36 PM

Quote:

Originally Posted by eliquid

Why does your home need so many reno to begin with? Was this a fixer upper you bought and now its too much, or is this a house you have neglected for years and years? Either way, something seems a bit off.

In Vancouver, a piece of shit 60 year old, small 3bdrm house in a sub-standard part of town that gets advertised as "needs some TLC. great for first time home owner!" gets sold at $600k.

Fatbat · 01-09-2012, 07:05 AM

For the same amount of money you could have a palatial waterfront home (or one at least with an ocean view) on a large piece of land with a dock on the Sunshine Coast. Keep an apartment in the city for overnighters there.

REIMktg · 02-08-2012, 01:28 PM

Quote:

Originally Posted by Kiopa_Matt

In Vancouver, a piece of shit 60 year old, small 3bdrm house in a sub-standard part of town that gets advertised as "needs some TLC. great for first time home owner!" gets sold at $600k.

Same BS we saw here. Sell now and buy things back for 50% the price or less in a year or two.

This is from about a month ago - but I thought it relevant to those that still have time to sell whatever they have before the bubble bursts - if it has not already.

Vancouver Bubble

The other CA bubble

lukep · 02-08-2012, 01:41 PM

^Perhaps that doesn't indicate a bubble in CA nearly as much as it does a serious decline of American soil?

REIMktg · 02-08-2012, 01:45 PM

Here's a data link to chart through 2012 if you are so inclined.

http://www.bis.org/statistics/pp/pp.xls

Beach Affiliate · 02-08-2012, 01:51 PM

It was never a decline of American soil - just a reality adjustment for over-priced McMansions built in developments that were just clay fields only months before.

Most of the people in America whining about being upside down mortgaged themselves to the hilt for a box of tinder that was built in "suburbs" that was nothing but farm land only a decade (or less) before.

The developers flattened the land, the counties ran in some drainage, the cable companies ran some cable, and the electric companies ran some wires.

Then the builders, subcontractors, and everyone else built those boxes.

Then the banks lent the money to the idiots that HAD to have the new box with the granite/stone/tile what-the-fuck-ever because Tom and Susie Dipshit got one and the schools are sooo good for their little fuck-trophies.

The businesses made millions and the idiot middle class dipshits couldn't run to get mortgaged up to their eyeballs fast enough.

As for OP:

Hope everything works out for you. but you've gotten some good advice in this thread about better planning. I'd heed it.

Or not. Fuck it, it's your house not mine. Do what you want.

Good luck, bro.

Fellah · 02-08-2012, 01:58 PM

I bought an apartment downtown Toronto on Bloor street for 710k about 5 years ago. It was 2 bedroom + a big office, 2 balconies one which was massive, altogether about 1600 sqf + a 300 sqf patio. I put in some renovations like tiger wood flooring through out the entire place, fix it up etc. When I bought the place I thought I was going to live there at LEAST until I was ready to have kids etc. My mortgage was about $4000/month and condo fees were $1500/month.

About two years ago I just kind of to hell with it, I sold my place (luckily Canada's real estate market wasn't like US and I got 760k+ so I pretty much broke out even after real estate fees and renovations) and I moved to the Dominican Republic.

Out here I am renting an apartment that's a little bigger, it's 3 bedroom, 2 living rooms, big kitchen etc. and I'm paying $675/month + electricity/cable/etc. I'm renting my jeep. Basically I am free as a bird, I am very comfortable but if I decide to leave this country tomorrow, I could.

The point I'm trying to make is I'm 28 years old and one of the biggest mistakes I made was thinking I needed to buy a place before I was ready to. My advice to any of you young brah's working online and making monies is to live abroad, go experience different stuff. Don't get locked down with mortgage payments and renovations etc before you have to.

It may be terrible advice financially but I am way happier.

01-07-2012, 11:42 AM	#1 (permalink)
Benji49 Senior Member Join Date: Feb 2008 Posts: 827 iTrader: 6 / 100%	Rant of the moderately wealthy... So I get up $325k to reno my house and the stupid contractor revises the quotes to $425k. It's day 4 since getting this shoved in my face and I'm still pissed. So another six months of working really hard to dig up $75k which will go to some contractor but not that one. My stupid roof on my house is leaking so I can't put off renos forever. And I'm thinking when I was 23 and living in a flophouse with 6 other people of which 4 were drunks, with no money for food, life was a helluva easier. And MUCH simpler. Jeepers, and I HAVE TO DO MORE TAX WORK AGAIN. Just did my corporate and now I have to calculate my t4s and then it's my personal tax. Pile on you bastards, pile on. Share Share this post on Digg Del.icio.us Technorati Twitter Uncle Tony likes this. __________________ How not to appear crazy on the internet

01-07-2012, 11:48 AM	#2 (permalink)
BigWill A Living Legend. Join Date: Oct 2007 Location: Nebraska Posts: 2,906 iTrader: 0 / 0%	Tell the contractor to suck a cock. They will squeeze every single dime they can out of you. Share Share this post on Digg Del.icio.us Technorati Twitter

01-07-2012, 12:01 PM	#4 (permalink)
dmnEPC C.R.E.A.M. Join Date: Dec 2010 Posts: 1,868 iTrader: 0 / 0%	Lol its all about the "change orders". If your going to get these renovations done you may want to look into the term. Something changed and or happened at the and that's why your quote changed. That or the contractor actually put the pencil to paper. And why are you putting up all of your cash on renovations? And whatever price your quoted you should prepare yourself for these changes its not uncommon to have your bill go up during construction 10 to 20% over budget. You need to discuss these change orders with any prospective contractor. Its usually the lowball estimate that makes it up after starting the job with these unforeseen "change orders" Share Share this post on Digg Del.icio.us Technorati Twitter

01-07-2012, 01:18 PM	#6 (permalink)
Moxie ***** Join Date: Mar 2009 Posts: 2,217 iTrader: 11 / 100%	Get quotes from other contractors or at least tell this one that you are going to do that. Share Share this post on Digg Del.icio.us Technorati Twitter __________________

01-07-2012, 01:29 PM	#7 (permalink)
greenleaves Senior Member Join Date: Jan 2008 Location: 192.168.1.1 Posts: 1,876 iTrader: 76 / 99%	If you can't afford the project going slightly over budget, don't get such an expensive project. You get zero sympathy from me. You tried to go above your means and are paying for it. Share Share this post on Digg Del.icio.us Technorati Twitter __________________ Hit me up for bulk Herbal Incense. The potent kind that works. $2k/1000g - Sell it for $5-22/Gram, That's 1000% Profit! Much lower prices for bigger purchases. No banned substances, 50 states legal, includes lab certificate. PM me for info. If a trash collector can make 7 digits on this, you can too. To read more about this, view this bloomberg article.

01-07-2012, 01:31 PM	#8 (permalink)
makethatgreen Senior Member Join Date: Mar 2009 Posts: 1,140 iTrader: 1 / 100%	$425k in renovations? Sounds like a new house might be a better idea. Share Share this post on Digg Del.icio.us Technorati Twitter __________________ *"Lack of willpower and drive cause more failures than lack of intelligence and ability" –Harry Banks*

01-07-2012, 01:34 PM	#9 (permalink)
wickedDUDE Senior Member Join Date: Jun 2006 Posts: 734 iTrader: 0 / 0%	Do you live in a mansion ? Share Share this post on Digg Del.icio.us Technorati Twitter __________________ "I need a wickedfire break."

01-07-2012, 01:56 PM	#10 (permalink)
peacestone Senior Member Join Date: Sep 2009 Location: Amedica Posts: 144 iTrader: 10 / 100%	If you tell the contractor to eat it, just be sure that the 75k is not valid. If it is valid, and he eats it than he could compensate for his loss by giving you less quality, stretching the time frame etc.. and you may end up having to pay more than 75k on legal, and hiring a new contractor to complete the job right. That big of a change from the original price suggests one of the following: 1. He added wrong 2. He quoted low to get the job than bumped it up. 3. There were "behind the wall" factors that were unforeseen and the bump could be legitimate. If it was #1, well allot of contractors can't add. If it was #2, fire him. If it was #3, this could be legitimate (depending on what was behind the walls and if it was really unforeseen and really worth 75K), and any other contractor would have probably done the same. I am assuming that you got 3 bids before going with the current guy, so if he falls out than just bring another bidder or go with whoever was your second choice. Share Share this post on Digg Del.icio.us Technorati Twitter

01-07-2012, 02:08 PM	#12 (permalink)
peacestone Senior Member Join Date: Sep 2009 Location: Amedica Posts: 144 iTrader: 10 / 100%	After re-reading - contractor bumped it up 100K. And OP saved an additional 75K? There are missing pieces to this story. I hate STS, instead of working to pay some contractor to fix my house, I'm wasting my time on this shit. I'm out - thanks for the motivation OP. Share Share this post on Digg Del.icio.us Technorati Twitter

01-07-2012, 02:41 PM	#15 (permalink)
Hale.Pane Deutsche Bahn Join Date: Oct 2011 Posts: 424 iTrader: 12 / 100%	Share Share this post on Digg Del.icio.us Technorati Twitter __________________

01-07-2012, 04:00 PM	#19 (permalink)
gbmack Senior Member Join Date: Aug 2009 Posts: 348 iTrader: 5 / 100%	brag moar Share Share this post on Digg Del.icio.us Technorati Twitter

01-07-2012, 04:12 PM	#20 (permalink)
JCash SEMA Certified Master SEO Join Date: Nov 2010 Location: The 702 Posts: 2,105 iTrader: 2 / 100%	Welcome to real estate mistakes nubs make. The 2500 square foot house for $100,000 in the $100/sq foot neighborhood ends up costing you $500,000. Share Share this post on Digg Del.icio.us Technorati Twitter

01-07-2012, 05:12 PM	#21 (permalink)
DreamMachine Extreme Ultra VIP Join Date: Aug 2008 Location: Australia Posts: 452 iTrader: 3 / 100%	Ever done any reno work yourself? The next house I build, I'm going to build it myself by directing the trades rather than paying a builder (or contractor as you guys call it). You can usually save 15-20%.. but then again I've done a shitton of reno work - I could probably build a house myself if I dedicated enough time. It's actually pretty easy, you just need to do things in the correct order. Share Share this post on Digg Del.icio.us Technorati Twitter __________________ There is no .sig

01-08-2012, 12:12 AM	#28 (permalink)
REIMktg Senior Member Join Date: Feb 2010 Location: California Posts: 1,031 iTrader: 29 / 100%	Exactly what are you doing that will cost $425K? Just adding a story? Are you remodeling kitchen and other baths also? Is it an 4,000 sq ft home you are converting to 8,000? Share Share this post on Digg Del.icio.us Technorati Twitter __________________

01-08-2012, 01:11 AM	#30 (permalink)
Russ86 Senior Member Join Date: May 2009 Location: The OC Posts: 913 iTrader: 15 / 100%	Oh yeah, well MINE was originally 500k.. and then MY contractor upped it to 800k. </brag> Share Share this post on Digg Del.icio.us Technorati Twitter __________________ "Yesterday, you said tomorrow."

01-08-2012, 01:13 AM	#31 (permalink)
JCash SEMA Certified Master SEO Join Date: Nov 2010 Location: The 702 Posts: 2,105 iTrader: 2 / 100%	That's horse of different color. You should just cash in and flee Hongcouver before the bubble bursts or it's cooked in a riot. Share Share this post on Digg Del.icio.us Technorati Twitter

01-08-2012, 04:25 AM	#32 (permalink)
MSTeacher Member Join Date: Jun 2010 Location: Maine YESSAH Posts: 1,428 iTrader: 20 / 100%	haters in this thread.. those prices are high, real estate and the quotes. Take the addon to the $270k bid and tell them to submit a new quote. Or start the bid process again. Or give up 40 hours/week to be your own GC. If you know what you're doing and you want daily headaches. And make sure you know your contractor's terms for change orders and overages, i.e. cost, cost plus, flat, etc. Share Share this post on Digg Del.icio.us Technorati Twitter __________________

01-08-2012, 07:13 AM	#34 (permalink)
Fatbat Advertise Here Join Date: May 2008 Location: Costa del Sol, Spain Posts: 4,091 iTrader: 3 / 100%	You work on the internet and live on Main St.? Why? Share Share this post on Digg Del.icio.us Technorati Twitter __________________ BRAD SHAW - GRAPHIC DESIGN [ WEB - PRINT - IDENTITY ] >>>

01-08-2012, 09:53 AM	#37 (permalink)
eliquid wut Join Date: May 2007 Posts: 4,845 iTrader: 61 / 100%	^^ I stay mad bro, its a chronic condition. Share Share this post on Digg Del.icio.us Technorati Twitter Mike likes this. __________________ . . Order The Dirty Sanchez Now Spam and Quality Link Diversity Done Right

01-08-2012, 01:17 PM	#39 (permalink)
JCash SEMA Certified Master SEO Join Date: Nov 2010 Location: The 702 Posts: 2,105 iTrader: 2 / 100%	LOLZ @ the throwing stones at haters from the glass houses. Share Share this post on Digg Del.icio.us Technorati Twitter

01-08-2012, 01:53 PM	#40 (permalink)
Izaya Senior Member Join Date: Dec 2010 Location: Toronto, Canada Posts: 540 iTrader: 15 / 100%	Holy shit Vancouver's even worse then Toronto. Can't wait until the market crashes, then my generation might actually have a shot of buying a house. Share Share this post on Digg Del.icio.us Technorati Twitter

01-08-2012, 02:07 PM	#43 (permalink)
RedFireGreg RedFireNetwork.com Join Date: Oct 2010 Location: West Coast! Posts: 149 iTrader: 1 / 100%	What are the contractors that gave you those quotes? A few of my Friends have there own there own companies, I could ask if they know the ones that you are dealing with. What he wants to spend on the Reno will get him a 2 bedroom 600-900 sq foot condo in East Vancouver. Prices are insane here. Share Share this post on Digg Del.icio.us Technorati Twitter __________________

01-09-2012, 07:05 AM	#45 (permalink)
Fatbat Advertise Here Join Date: May 2008 Location: Costa del Sol, Spain Posts: 4,091 iTrader: 3 / 100%	For the same amount of money you could have a palatial waterfront home (or one at least with an ocean view) on a large piece of land with a dock on the Sunshine Coast. Keep an apartment in the city for overnighters there. Share Share this post on Digg Del.icio.us Technorati Twitter __________________ BRAD SHAW - GRAPHIC DESIGN [ WEB - PRINT - IDENTITY ] >>>

02-08-2012, 01:45 PM	#48 (permalink)
REIMktg Senior Member Join Date: Feb 2010 Location: California Posts: 1,031 iTrader: 29 / 100%	Here's a data link to chart through 2012 if you are so inclined. http://www.bis.org/statistics/pp/pp.xls Share Share this post on Digg Del.icio.us Technorati Twitter __________________

02-08-2012, 01:51 PM	#49 (permalink)
Beach Affiliate Senior Member Join Date: Jul 2011 Posts: 588 iTrader: 0 / 0%	It was never a decline of American soil - just a reality adjustment for over-priced McMansions built in developments that were just clay fields only months before. Most of the people in America whining about being upside down mortgaged themselves to the hilt for a box of tinder that was built in "suburbs" that was nothing but farm land only a decade (or less) before. The developers flattened the land, the counties ran in some drainage, the cable companies ran some cable, and the electric companies ran some wires. Then the builders, subcontractors, and everyone else built those boxes. Then the banks lent the money to the idiots that HAD to have the new box with the granite/stone/tile what-the-fuck-ever because Tom and Susie Dipshit got one and the schools are sooo good for their little fuck-trophies. The businesses made millions and the idiot middle class dipshits couldn't run to get mortgaged up to their eyeballs fast enough. As for OP: Hope everything works out for you. but you've gotten some good advice in this thread about better planning. I'd heed it. Or not. Fuck it, it's your house not mine. Do what you want. Good luck, bro. Share Share this post on Digg Del.icio.us Technorati Twitter

02-08-2012, 01:58 PM	#50 (permalink)
Fellah Senior Member Join Date: Feb 2009 Location: DR Posts: 362 iTrader: 9 / 100%	I bought an apartment downtown Toronto on Bloor street for 710k about 5 years ago. It was 2 bedroom + a big office, 2 balconies one which was massive, altogether about 1600 sqf + a 300 sqf patio. I put in some renovations like tiger wood flooring through out the entire place, fix it up etc. When I bought the place I thought I was going to live there at LEAST until I was ready to have kids etc. My mortgage was about $4000/month and condo fees were $1500/month. About two years ago I just kind of to hell with it, I sold my place (luckily Canada's real estate market wasn't like US and I got 760k+ so I pretty much broke out even after real estate fees and renovations) and I moved to the Dominican Republic. Out here I am renting an apartment that's a little bigger, it's 3 bedroom, 2 living rooms, big kitchen etc. and I'm paying $675/month + electricity/cable/etc. I'm renting my jeep. Basically I am free as a bird, I am very comfortable but if I decide to leave this country tomorrow, I could. The point I'm trying to make is I'm 28 years old and one of the biggest mistakes I made was thinking I needed to buy a place before I was ready to. My advice to any of you young brah's working online and making monies is to live abroad, go experience different stuff. Don't get locked down with mortgage payments and renovations etc before you have to. It may be terrible advice financially but I am way happier. Share Share this post on Digg Del.icio.us Technorati Twitter BlueYonder likes this. __________________ Learn SEO.

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