ffj's early retirement

Where are you and where are you going?
suomalainen
Posts: 734
Joined: Sat Oct 18, 2014 12:49 pm

Re: ffj's early retirement

Post by suomalainen »

I had my house appraised several years ago for a refinance. He showed up in a corvette, spent no more than 30 seconds in the house, and while he was walking upstairs he asks, “This for a refinance?” I said “yes”. He asks “how much?” I say “$190k” He says “hm.”

The appraisal came back at 190/.8=237.5. Appraisers do what they’re paid to do - give the asker the value they want. Within some reasonable limits. Probably.

George the original one
Posts: 4908
Joined: Wed Jul 28, 2010 3:28 am
Location: Wettest corner of Orygun

Re: ffj's early retirement

Post by George the original one »

For appraisals and realtors, everybody's ultimately paid by how much the property sells for, so there's always an incentive to be on the high side unless there are obvious problems. Good realtors can market the house appropriately and get you that price, though some of it depends on timing and how long you're willing to wait for the sale.

ffj
Posts: 2036
Joined: Thu Aug 26, 2010 3:16 am

Re: ffj's early retirement

Post by ffj »

@Fish

Home equity loan. We already had a line set up but with a set limit. We had our house appraised to extend that limit but I never dreamed they would value it so high. I am wondering how that appraisal works within the framework of a real estate agent and ultimately the PVA, property valuation administrator. My taxes will more than double if the PVA uses that figure.

@Ego

It's going to be very obvious why we don't like our neighbors to anyone who tours the home. He has created a virtual dump next to us for his business, taking a pristine field and littering it with various vehicles and machinery. Now I have blocked the view from our house with landscaping and fences, but if you approach our house from one direction it will be very clear why we don't want to see his shit littered everywhere. Because there are no rules out in the country regarding planning and zoning, he could make it even worse and not break any rules or laws. I am going to take a loss on the house simply because this asshole lives next to me. There is more to the story and once I sell the house I'll let you guys see with pictures what I am dealing with.

ffj
Posts: 2036
Joined: Thu Aug 26, 2010 3:16 am

Re: ffj's early retirement

Post by ffj »

Met a good boy today:

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My volunteer dept. responded to a little fire today and I got to jump fences and chase fire and put it out:

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It had a head start on us but fortunately my hose line reached far enough to easily put it out.

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@suomalainen

Yeah, the appraiser spent maybe 15 minutes at the house. Didn't even walk the property. He would shove his camera into the doorway of each room and take a picture without even looking inside each room. We easily got our equity line extended but it makes you wonder who is influencing who.


@George

I hope so. I've never sold a house before so I am learning as I go, and I don't want to be penalized because I wasn't in on the know. Once we close on the property, I am going to ask the realtor to come take a look and see what is realistic.

daylen
Posts: 1365
Joined: Wed Dec 16, 2015 4:17 am

Re: ffj's early retirement

Post by daylen »

ffj wrote:
Thu Oct 10, 2019 3:41 pm
He has created a virtual dump next to us for his business, taking a pristine field and littering it with various vehicles and machinery.
My mind goes straight to post-apocalyptic metal scavenger hunt when reading this. :D

Fish
Posts: 529
Joined: Sun Jun 12, 2016 9:09 am

Re: ffj's early retirement

Post by Fish »

Hopefully this is not too nosy, but did you have any difficulties increasing the home equity limit, or do you anticipate any trouble getting approved for a construction loan as a retired person?

ffj
Posts: 2036
Joined: Thu Aug 26, 2010 3:16 am

Re: ffj's early retirement

Post by ffj »

@daylen

I know you are having fun, but it really is a tragedy what this idiot has done. I am trying to remedy the situation, but legally there are few options left at this point.

@Fish

No worries. No difficulties whatsoever. The last time the house was appraised was about 15 years ago so we could re-finance at a lower interest rate, and I've had that number bouncing around in my head for all this time. The current appraisal is 2.6 times higher, which I hope is realistic, but I have my doubts. We have had an open equity line for many years which we have used as a short term loan for various projects, with a limit of $75,000. It was set to expire here shortly so we thought we would extend it to $100,000, thus the need for the appraisal. Like the house, the balance of the equity line is $0.

When it comes time to start construction, we may ultimately go with a construction loan which has a slightly lower interest rate, but we wanted flexibility. My end goal is to have this house built for $100,000 or less. We'll see if reality slaps me in the face.

ffj
Posts: 2036
Joined: Thu Aug 26, 2010 3:16 am

Re: ffj's early retirement

Post by ffj »

It's been beautiful weather here lately so a buddy and myself went for a hike. This is Pilot Knob, outside of Clay City, and is believed to be the spot where Daniel Boone himself surveyed the land before him.

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While we were resting and admiring the view, none other than Daniel Boone himself joined us for a very in depth history lesson on his travels. ;) This is Jordan, and he works for the park service bringing Daniel Boone to life. Very interesting guy that taught us a lot.

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I also gathered a bunch of acorns from various oak trees. Since I have some woodland now, I am going to attempt to germinate them in the Spring and plant them where they are needed. According to Youtube, it's a pretty simple process of placing them in water, throwing out the ones that float, and putting them in the refrigerator for a several months. Around March, I'll put them in some soil and see if they germinate.

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We finished the day with some spooky Mexican food. My kind of day.

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halfmoon
Posts: 713
Joined: Mon Nov 07, 2016 10:19 pm

Re: ffj's early retirement

Post by halfmoon »

It's been so long that I've completely forgotten how to use this site, but...DH has planted about a zillion acorns without doing anything but sticking them in dirt. Many have grown, and a few are full-sized trees now.

I love the "good boy" photo.

Now must go back and read about 2 years of posts. ;)

ffj
Posts: 2036
Joined: Thu Aug 26, 2010 3:16 am

Re: ffj's early retirement

Post by ffj »

I have to confess that I don't read a whole lot of journals, which is why I appreciate people looking at mine, but I always read yours half-moon.

You have quite the fan base here (for good reason) and I hope you become active again. Welcome back!





I think I will go with a version of this:

https://www.youtube.com/watch?v=PJ9GBCHdqi0

I don't want to tie up refrigerator space for several months and I like that Mother Nature will do the work for me. I have been busy collecting various acorns and hickory nuts and I don't think I have the room for several hundred seed nuts.

Riggerjack
Posts: 2803
Joined: Thu Jul 14, 2011 3:09 am

Re: ffj's early retirement

Post by Riggerjack »

Awesome news about the land!

The 300 yards of UG utilities was a bit unnerving, though. Have you spoken with your electrical utility engineer, yet?

I had about 450 feet between the pole and my homesite, over land I own. Their plan was to extend primary power 7kv by pole across my driveway, then using a transformer and extending the rest of the way with 220v on poles. I had to get their design books out to come up with a plan I could work with and pay for. I had them put up a pole to cross the street, and trenched for them 150' to a meter I put in. Then I ran my own wire from there in my conduit 300' to my house. They had to use 350 kcmil wire, and I had to buy 250kcmil for my end. All in, I spent about $7k, doing the work myself. Then got hit with a $2700 fee with my first bill. Turns out the state has a utility extension tax I didn't know about...

Extending primary power is $$$$ expensive, and utility engineers are always looking to extend their network on the customer's dime. Just so you know...

Our local phone company (not the one I work for) wanted a 10 foot wide prescriptive easement to get us service, and the engineer was adamant that was the only way it could be done. Until I asked for their tariffs (the rules under which they were granted their monopoly), and he suddenly discovered his creative abilities. End result, I have a a terminal at the street, and I am responsible for the cable in between my house and the street, and no easements on my property.

I hope all goes smoothly for you, and I am looking forward to reading about your adventures.

ffj
Posts: 2036
Joined: Thu Aug 26, 2010 3:16 am

Re: ffj's early retirement

Post by ffj »

I hope this method works, because I literally put every acorn and hickory nut in the same bucket that I have collected over the last few days.

Pretty simple really. Take a 5 gallon bucket with a lid, drill lots of 1/4 inch holes, and then layer peat moss, acorns, potting soil until the bucket is full. Then you wet down the mixture thoroughly and bury it into the ground. They'll stratify over the winter and be protected from squirrels, chipmunks, and mice. Around February I'll dig it up and start potting them up and see what sprouts.

The other method which I considered involved throwing all of the nuts down on the ground and covering them with a wire screen to protect against the squirrels. Then once they sprout in the Spring dig them up and put them in pots.

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Here is one of the trees I got the hickory nuts from. Not only is the hickory tree valuable for its wood, but animals love the nuts. And humans too.

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ffj
Posts: 2036
Joined: Thu Aug 26, 2010 3:16 am

Re: ffj's early retirement

Post by ffj »

Thanks Rigger.

It is just shy of 400 feet that I would have to run. I did contact the electrical provider and they said that they provide for free up to 200 feet and then it was approximately $7/foot after.

The engineer was supposed to meet with me last week but he hasn't called back. I figured if I can keep the cost under $5000 I would be happy.

Interestingly, they said the cost for underground versus overhead was about the same. Overhead is out the question because of the deed restrictions but I asked out of curiosity.

I can dig the trench, set the temporary, assist the provider. Nobody mentioned any hidden fees but I will ask once the engineer gets back with me.

Riggerjack
Posts: 2803
Joined: Thu Jul 14, 2011 3:09 am

Re: ffj's early retirement

Post by Riggerjack »

Yeah. When I got the bill, customer service had no idea what it was, or why I got it. It was "just a fee that everyone has to pay." :lol:

Eventually, they chased down what the fee was for, and I paid it, but I was living in the house for a few months before I got the bill, and maybe six months later they figured out what the fee code meant.

But I have heard completely different stories from folks in TVA territory, I hope you have an easy time.

Gilberto de Piento
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Joined: Tue Nov 12, 2013 10:23 pm

Re: ffj's early retirement

Post by Gilberto de Piento »

Someone I know planted black walnut trees about 20 years ago by burying walnuts in the ground with no other prep. It worked really well and now the have a little walnut forest instead of brush. I don't know what proportion of the nuts survived. Zone 5 if that helps.

Mister Imperceptible
Posts: 1147
Joined: Fri Nov 10, 2017 4:18 pm

Re: ffj's early retirement

Post by Mister Imperceptible »

I’m a little far north in New Hampshire but I was thinking about growing walnut trees myself for special woodworking.

And ginseng. And.....ayahuasca and cannabis 8-)

20 years for the walnut trees
5-10 years for the ginseng and ayahuasca
Cannabis annually

Like a bond ladder, only I would be making real stuff :mrgreen:

ffj
Posts: 2036
Joined: Thu Aug 26, 2010 3:16 am

Re: ffj's early retirement

Post by ffj »

@Gilberto

While hiking the other day I found a bunch of walnut trees in an old fencerow, and man were there a bunch of fallen walnuts. I probably could have filled a pickup truck easily but I am going to take a 5 gallon bucket there soon and pick up at least that. I think I'll try the "throw them on the ground" method with these guys in my garden. I also picked up a bunch more acorns and with those I will try the refrigerator method since there aren't nearly as many.

So three experiments for Spring trees. We'll see what happens.


@MI

I had never heard of ayahuasca until you mentioned it. Seems like it would be much easier to grow psilocybin mushrooms if you are into psychedelic effects. I don't partake in drugs as I don't like the loss of control but there are a bunch of people that swear by the wonders of magic mushrooms, although I suspect a lot of it is cognitive dissonance.

Ginseng is very hard to cultivate and the guys that I have seen that hunt for it are addicted to the thrill of discovery, sort of like of morel mushrooms. Good luck with that one.

Growing dope is easy as well as walnut trees, the time frames are a bit different though as you mentioned. I lived in Nebraska for a bit and wild hemp is everywhere, truly a weed. I think it's a pretty plant, and I would grow it as an ornamental if it weren't illegal. Ironically, there are fields of hemp not too far from my home that are under strict surveillance as a pilot program to reintroduce the crop as an industrial product. Maybe one day I will grow my own cash crop on my mini farm.

daylen
Posts: 1365
Joined: Wed Dec 16, 2015 4:17 am

Re: ffj's early retirement

Post by daylen »

Ayahuasca is equivalent to DMT mixed with an MAOI (monoamine oxidase inhibitor) that prolongs the effect. DMT by itself when smoked last about 10-15 min, but with the MAOI it can last around 8 hours. The combination of plants used to produce such a brew has been around for a while in the depths of the jungle.

https://psychonautwiki.org/wiki/Ayahuasca

The effect is different from psilocybin. I have not done ayahusca, but I have done DMT and it is more mechanistic than shrooms. Psilocybin tends to weigh you down and DMT tends to lock you into a mental roller-coaster ride. LSD is different in kind too; it mixes in a sight boost in energy (something to do with serotonin receptors). DMT can be synthesized with legal products ordered online (or just bought directly off dark web). A changa form (mixed with herbs) allows for an easier time when smoking it (crystal form requires a meth pipe and some skill).

It is one of the more intense mind altering substances. [DMT] Has definitely contributed to my own appreciation for how far the depths of the mind go. If there is a God then it is behind your eyes.

7Wannabe5
Posts: 5548
Joined: Fri Oct 18, 2013 9:03 am

Re: ffj's early retirement

Post by 7Wannabe5 »

Owning your own woods could make mild psychedelic use quite a bit more fun. IMO,once every decade or two (major change/shed of life skin) would be enough frequency to obtain and maintain benefit. My old BF who owned his own woods wanted to trip out on shrooms naked on the deck overlooking his property for his 70th birthday, but the batch he had was not very effective. On the up side, at least he still got sex with me in my roaring 40s.
daylen wrote:LSD is different in kind too; it mixes in a sight boost in energy (something to do with serotonin receptors).
It's probably somewhat similar to bi-polar manic psychosis, except less likely to be externalized. Also has some similarities with S&M "sub-space", ecstatic sexual union, greatly magnified version of runner's high, and the spiritual state achieved by those monks who used to starve and scourge themselves. Nothing like an extreme shock to the system to knock you right out of depressive fugue.

ffj
Posts: 2036
Joined: Thu Aug 26, 2010 3:16 am

Re: ffj's early retirement

Post by ffj »

@daylen

Thank you for the class, very informative.

@7

Roaring 40's is spot on, that was one lucky old geezer.




More foraging. This time I collected walnuts near one of my hiking routes. Took all of 5 minutes to fill up a 5 gallon bucket.

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Also located some reishi mushrooms, quite a few actually. I thought about harvesting them but I'm still a little squeamish about the wild varieties.

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