I would be curious playerg when your former co-worker's home was purchased, what part of Germantown it is in, and when he tried to sell it. Those factors would play a big role in why he ended up in the situation he did.
If his house was purchased in the early 2000s in 38138, and then he tried to sell the house in 2010, then yea, he lost value both with the housing collapse and the degradation in the perceived value of his school zone. Real estate is about location first and foremost, but like any other investment, it's also about timing.
Property is an investment. It's not just a place to live. It happens to be the biggest investment for most people. Since I'm still fairly young with young kids, I have about half of my invested equity in my home at this point. I chose to make the investment I did because I believed the value of the neighborhood would remain stable or increase over time, AND because I wanted to be in a specific school zone for my kids. Since I have so much of my money invested in the neighborhood, the schools, which directly impact the value of that investment, are extremely important to me.
The people in my neighborhood, even those that don't have children, are still interested in the schools, because their financial interests are tied to the success of those schools. OTP can give me the chicken or the egg argument about quality schools, but my belief is that financial interests, not just the interests of the children, are a big driver in why parents and the neighborhood spend so much effort on making the school as good as it can be.
People don't want their investment value to take a hit. Take South Cordova for example. They've had the double whammy of being annexed by Memphis AND having their school zone changed to a less desirable school within the last two years. There are probably a good number of mortgages that will be underwater with that double whammy hitting the neighborhood. I feel bad for those people who just lost a good bit of equity. Of course that's the reason I didn't buy in that neighborhood, even though my real estate agent a while back did mention it to me. It was a risky investment, and though you could get a bit more house for the money, you were taking a big risk with your investment.
Apologies accepted, but not needed. While the "recreational usage" laws have passed there in CO, it is basically still illegal to sell or distribute for right now. Personal possession of under 12 grams is still a misdemeanor right now and 12 or over will get you arrested. The laws for misdemeanor possession aren't really being enforced per say.
My BIL is a deputy with Park County Sheriff's Office and according to him the personal usage and possession is being phased in by the State to give time for setting up the licensing authorities, procedures, etc., etc.. and the taxing process..........they aren't really pressing simple possession right now until things get squared away. It's my understanding that come Jan 1, 2014 it all kicks in, but the limit will still be personal use possession of under 12 grams or 6 plants is good to go.........after that date, you'll be able to walk in off the street and buy for recreational use at any of the licensed outlets to your hearts content.
As my BIL said, "it was a great idea, makes their job easier, empties their jails somewhat, will increase the tax revenues substantially, will decrease court backlog and creates a vibrant new industry in the state..........the only draw back was making it happen. They passed the law and then someone asked how are we going to put this in place so it doesn't get out of hand (translation: how we gonna get our tax monies....).
I suspect that like other states who have taken the plunge, once all the kinks get worked out and the tax revenues start flowing in, other states are going to take notice and jump on the bandwagon too.............the last projections for the State of Colorado for added revenue were pretty impressive. As my BIL said, "it's the new CO gold rush all over again.".
playerg <---- OTP masquerade?
I'll be the Debbie Downer and say what this gentleman wants to do is already being done on a nightly basis here in Memphis. Its called running a music venue. If you want to start being a promoter, you throw up your own money and book these acts. Be it rap, soul, metal or classical, you just call Minglewood or the New Daisy or the Hitone and ask to book a show there. Always be ready to pay the acts no matter what the turnout and you will do fine.
I mentioned on here before several true examples where whites were given advantages over African Americans in hiring, buying, selling, etc. I see it everyday not just 30 plus years ago. I know several well educated and qualified African Americans who know they will be allowed to go up the ladder only so far. I will admit that things are a little better for African American females but not much better. I wonder why?
People love to tout property value when it's their beloved property. They don't give a care about property value when they've participated in white flight, urban flight or whatever you want to call it. They sold theirs and then speak degradedly about their previously loved neighborhood. You lowered the value and you know the rest. Some of you act as if there are no foreclosures or subsidized homes in Germantown. I have a previous co-worker who moved out of state and is losing over 12% of the mortgage on his Germantown home due to loss of property value because he was forced to rent his home for less than he pays. Subsidized and foreclosed homes are the reason. I know someone else who could not refinance his $450K house because the foreclosed house around the corner sold for $200K.
It's good you live in utopia. I also know that there are a lot of hungry kids in Gtown. Big homes but empty inside. Their parents are trying to live a certain lifestyle but can't feed the kids. Feed the kids. The schools used to give them cheese sandwiches. Utopia can do better than that.
You're right. I did miss the distinction, my apologies.
It never occurred to me that those who had a legitimate medical need would go without, when they could get their "medicine" over the counter all over the place.
Contemplating the lives lost in the growing, transportation and distribution of the smoke of my youth has caused me to abstain for Quite some time now. Perhaps, when it is legal where I am, I will indulge again.
Catsmeow........have you already lit a big fat one up this morning? What part of "Medical Marijuana" and the recently passed "recreational usage" and resulting commercial activities went over your pretty little head.....?
Yes, immediately following the passage of recreational usage and just prior to it.....there was and has been a daily increase in activity and businesses for the recreational use. Just as I would expect there has probably been a run on growing light, hydroponic growing systems and spare bedroom conversions to green house rooms getting ready for the new laws which come into being the 1st of January, 2014.....making it legal for individuals to grow up to 6 plants for personal use.
Likewise you have commercial grows getting geared up as well for the retail side of the formula.
This is entirely a different arena from the Medical Marijuana of which I was describing. Girl, walk outside and take a breath of fresh air to clear your head ........... I think you'll see that we are talking of two different specifics here...........now pass that thing around and quit bogarting it.
What is this? Stiff Nights! Apparently I don't get downtown often enough.
"While I don't know about other States and their regulations for Medical Marijuana, it is by far not a relaxed process in the State of Colorado. You have to be a resident in standing for at least 6 months, you have to have a Colorado picture ID and you have to have a prescription phoned or faxed in from your doctor before you can purchase it."
So your saying the vibrant Doobage tour industry in Colorado is all a fraud?
A.C. is about as "transparent" as transparent gets.........he's the front man, the smiling face, the dapper dressing, hand shaking, baby kissing pitch man. Robert Lipscomb and George Little are the ones behind the curtains pulling the levers and strings to make A.C. dance............if he runs again, this is one vote he won't get.
Grove, while I have "indulged" since high school (40th reunion next year), I have never been willing or even slightly inclined to "try others". I have had a very successful 30+ year career in Architecture and Construction Management, had Government security clearances on a number of positions and projects and never had a problem with my "indulgence".
I think a more correct correlation would be that the illegal status of marijuana has created a crime infested black market ...........how many billions of dollars have we wasted on the "war on drugs" to eradicate this scourge to save our youth and how much bigger is the black market now? From the opponents logic, we should have outlawed beer and wine decades ago.
I'm of the opinion that with in a decade at the most, the Federal legalization of "recreational" marijuana will be forth coming along with the new tax revenue and a whole new legal industry will be created nation wide from growers, distributors and retailers.......not to mention the spin off industries impacts (marketing, hemp uses, food additives, etc., etc...)...............I can just see it......."Kush Gold is proud to sponsor the Jimmie Johnson Team and car #48 in the Sprint Cup Series....."
The economic impact is going to be the biggest thing to watch.
When you think about adding jobs to an economic recovery, creating a brand new industry that doesn't cannibalize other jobs is a HUGE deal. Of course for the government, the ability to tax the mess out of it and increase revenues significantly is big as well.
Of course Denver also just created a pot tourism industry as well. As long as they are one of the few places where it is legal, people will vacation there more often.
The secondary thing to follow in my opinion is the whole "gateway drug" theory. If the gateway drug theory is correct, then Denver will have significant issues with cocaine and other hard drugs in the near future. I hope someone is tracking those stats, because I believe the numbers will debunk the gateway drug theory.
My belief is that the only correlation between marijuana and other drug use has been the fact that it is illegal. If you're the type willing to risk using one illegal drug, you are more likely to be willing to try others. If marijuana is legal though, that changes the math a bit.
While I don't know about other States and their regulations for Medical Marijuana, it is by far not a relaxed process in the State of Colorado. You have to be a resident in standing for at least 6 months, you have to have a Colorado picture ID and you have to have a prescription phoned or faxed in from your doctor before you can purchase it. Then you have to purchase it from a Medical Licensed outlet, where your purchase is video taped and your purchase is recorded. Then like most other prescribed medications there are limits as to getting a refill...........I know, the last time I was out there for an extended period dealing with a medical crises with my mother, I missed a monthly shot for an ongoing debilitating condition that I have and wanted to get some help with the increasing pain levels and headaches. Instead, I had to go through a long drawn out process (5 days) to get approval from my insurance carrier to get a substitute injection from a Doctor out there.
With the new "recreational legalization" law..........come January, individuals can grow up to 6 plants for personal use legally..............Colorado is looking better and better for retirement despite the cold weather.
Show me where I mentioned race.
THAT'S YOUR LINE.
That is called projection and you are guilty as charged of calling me names to fit your agenda again.
And since you are such an astronomical mind reader, please demonstrate where I said that was my opinion. I presented the argument to Grove's belief. I never said it was mine.
Your attributed the belief to me. That makes you judgmental. And hypocritical.
Books... by name-brand authors.
My wife has had her saline implants removed this past february after nine years implanted in 2004.Almost immediately she startd having severe headaches that have progressed to a heart condition,liver enzymes elevation,breathing difficulties which require oxygen at night,a shunt to remove excess spinal fluid as well as a myriad of other symptoms.We are both retired medical professionals as I am a former anesthetist and my wife was a registered nurse in a newborn nursery.She is 48 years old and was the most healthy person at time of her breast implantation working out(yes)3 times a day and I was usually working out with her.She was formally confirmed disabled at the end of 2011 after 2 straight years of being basically bedriddened with ice packs surrounding her head and severe nausea and vomiting.She has been in the Duke-Raliegh ICU last year and has had problems with her memory as well as peripheral neuropathy symptoms.I have taken her to Johns-Hopkins and noone has really been able to put a finger on my wifes problems for over 9 years.This August,we sent her hair to a forensic toxicology lab and to our surprise,she had platinum levels 43 times the norm as well as tin ,chromium,barium,and cobalt.The only thing that has a common thread for these elevated heavy metals is her saline,silicone lined breast implants.Toluene also showed up in her urine.She has never worked around chemicals,or plants that have silicone dust,etc.You would think that because we were medical folks,we would get more answers but just the opposite.The entire 9 years,we asked if it could be her implants and noone could really answer our question.could someone guide us as to where to get a silicone blood test that will not cost us a fortune as the medical bills are mounting and I am trying to stop the progression of her illness before it involves her kidneys.I would appreciate any help as I do not know how much longer I can bare to watch my wife suffer as she has.Just as a side,because of my wife having been on Cobra insurance at 600.00 a month and the timing of Obamacare,she is presently without insurance until January 2014 as noone would cover her for pre-existing conditions.Thank you so much for your time!
I'd buy it for the bag alone.... I've probably already said to much.
Like catsmeow says, these cockroaches turn up everywhere.
Boy I really hate christians like George. Literally. Self satisfied jerk.
Why is it that the same few people comment on almost every story? OTP and Grove seem to just enjoy arguing with some factoids to back their positions, but this Mickey character seems to be regurgitating talking points from the same sources that were convinced that Mitt was going to definitely, no doubt in their minds be the next President. I suggest reading a newspaper with as little bias as can be found nowadays and see what someone that knows what they are talking about says about funding for Obamacare. You might learn something. You might not agree with the facts, but that is the nature of the world.
By Louis Goggans
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