Paying renters to help sell your house

Here’s an interesting new twist on ‘staging’ houses for sale: Instead of paying a staging company to rent furniture to give homes that ‘lived in’ look, some US builders are now cutting deals with renters to temporarily move into new homes in an attempt to get them sold.

OCEANSIDE, Calif. — The fragrance of sage-scented candles and sounds of jazz fill the air of a 2,600-square-foot house a block from the beach. Tiger-striped chairs flank tables crafted from exotic woods. Photos of a chubby baby hang on the walls. Whoever occupies 211 Windward Way, they seem to live the good life.

Too good to be true, in fact. The house is owned by a builder, who hasn’t been able to sell it for more than a year. And while someone really does live here, it’s as part of an elaborate bit of stagecraft aimed at moving Southern California’s echoing inventory of luxury vacant homes.

This $1.2 million seaside pied-a-terre is occupied by Johnna Clavin, a 45-year-old Los Angeles event planner and decorator who has seen business slow. In exchange for giving the townhouse a stylishly lived-in look, she gets to stay there at a steep discount and stands to earn a bonus if the house sells fast.

Full article is at the Wall Street Journal website.  Hat-tip to BC buds for the link!

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Anonymous
Anonymous
11 years ago
Garth
11 years ago

Aleks, thanks for reminding me about the NDP's policy of practicing sexual and racial discrimination (please don't call it affirmative action. There is nothing affirmative about it).

I was outraged by their announcement of this policy a year or two ago, and had assumed they had given up on the idea after I stopped hearing about it. I don't know why it isn't in the news more. It is indeed offensive, and something that many people would be interested in knowing about.

Boombust
Boombust
11 years ago

Gordon Wilson!? Don't make me laugh. He's nothing but a whining hypocrite. The WORST.

Hmm. where is he now? And Judy Tyabji?

Anonymous
Anonymous
11 years ago

@31

I agree we need a viable third party again the last time there was one was with Gordon Wilson reviving the Liberals in BC during the 91 election. Unfortunately it seems the socreds took control of the party.

Aleks
Aleks
11 years ago

"I personally see him as the lesser of two evils (for the moment). If the NDP comes in, I guess they will: increase debt to pay for make-work projects for special interests; more debt to pay for big subsidies for forestry and other dead industries while the average person gets nothing; get rid of the carbon tax, and then forget about replacing it with cap-and-trade; drive the few remaining viable industries to Calgary by increasing business taxes." The Campbell government has quietly been running up debt to pay for things like the Olypmic Village, the ever-expanding Port Mann bridge and the Cambie skytrain. I think we are getting a similar political spectrum to the US, where there is no financially conservative option, both sides want to steal money from the public to give to their friends; they just have different… Read more »

arbitrage
arbitrage
11 years ago

On a tangent….

Thanks for the new term VanBanker "reductive" – I've been looking for a term to describe the information lost when describing politics as "left" or "right" etc…

Is it me, or do the american's/govt/media do this very often? For example: Fannie Mae and Freddie Mac – names born of acronyms. A few levels away from describing what they actually are. A convenience for those who know, but an over simplification for many? It's like using big words you don't understand. I suppose it is the responsibility of the reader to find out the meaning of the words.

Echoing VanBanker – seems to lead to the dumbing down of things that shouldn't be dumbed down.

depressionwatch
depressionwatch
11 years ago

Why isn't the government reporting the most recent numbers instead of trying to manage the PR with information thats months out of date? What BS. "There were 25,480 more people collecting employment insurance benefits in British Columbia in February, a 66.8-per-cent increase, than in the same month last year, Statistics Canada reported Tuesday. That percentage increase is almost twice the national average. The number of beneficiaries in British Columbia reached 63,700 after an 11.6-per-cent increase in February, Stats Can said. The total increase since October 2008 was 39.8 per cent. The number of Canadians receiving regular employment insurance benefits jumped 7.8 per cent in February from the previous month, Statistics Canada said Tuesday. EI beneficiaries were up 44,300 during the month, with the biggest increases coming in Alberta, British Columbia, Ontario and Saskatchewan, the federal agency said. On my calendar… Read more »

other ted
other ted
11 years ago

should be by not buy above sorry for bad spelling

other ted
other ted
11 years ago

so buy patriotz description left means equality, and just. Right means inequality, injustice, and corruption.

VanBanker
VanBanker
11 years ago

"patriotz Says: April 28th, 2009 at 10:49 am Please. Economically left means trying to promote economic equality. Promoting economic inequality has been the Republicans’ central goal since 1980. The only people who call the Republicans “economically left” are ideological right wingers who simply use the terms “left” or “socialist” to insult anyone they don’t like and are trying to distance themselves from the Bush administration, which of course most of them enthusiastically supported not long ago. Americans who call themselves left or socialist don’t even use the terms to describe Obama, and justly so. “Economically left” is not the same thing as “big government”. You can have big government that promotes economic inequality, i.e. is economically right wing. Combine that with social conservatism and you have a package that is historically known as fascism." This is the problem with left/right,… Read more »

patriotz
11 years ago

VanBanker:

the Republicans are socially right and economically left;

Please. Economically left means trying to promote economic equality. Promoting economic inequality has been the Republicans' central goal since 1980.

The only people who call the Republicans "economically left" are ideological right wingers who simply use the terms "left" or "socialist" to insult anyone they don't like and are trying to distance themselves from the Bush administration, which of course most of them enthusiastically supported not long ago. Americans who call themselves left or socialist don't even use the terms to describe Obama, and justly so.

"Economically left" is not the same thing as "big government". You can have big government that promotes economic inequality, i.e. is economically right wing. Combine that with social conservatism and you have a package that is historically known as fascism.

oracle
oracle
11 years ago

http://en.wikipedia.org/wiki/Cheating

Cheating is an act of lying, deception, fraud, trickery, imposture, or imposition. Cheating characteristically is employed to create an unfair advantage, usually in one's own interest, and often at the expense of others.[1] Cheating implies the breaking of rules. The term "cheating" is less applicable to the breaking of laws, as illegal activities are referred to by specific legal terminology such as fraud or corruption. Cheating is a primordial economic act: getting more for less, often used when referring to marital infidelity. A person who is guilty of cheating is generally referred to as a cheat (Br. English),

or a cheater (Am. English).

VanBanker
VanBanker
11 years ago

"other ted Says: April 28th, 2009 at 10:15 am Its sad that people like gordon campbell are seen as right of centre economically. People assume that anyone who sells out to corporate sponsors are talks the talk about supporting business are right wing. As all of us have pointed out the province has not been run differently under him than the NDP. Only difference is he has been worse on a couple of fronts. Chief cheerleader for real estate bubble comes to mind." I personally see him as the lesser of two evils (for the moment). If the NDP comes in, I guess they will: increase debt to pay for make-work projects for special interests; more debt to pay for big subsidies for forestry and other dead industries while the average person gets nothing; get rid of the carbon tax,… Read more »

VanBanker
VanBanker
11 years ago

Following up on what I just said above: my ideal politician would be economically "right" (I still hate that term) as in small govt, reduce debt, reduce credit, encourage saving, but socially progressive (get religion out of politics, legalize + tax things instead of wasteful policing, etc).

other ted
other ted
11 years ago

Its sad that people like gordon campbell are seen as right of centre economically. People assume that anyone who sells out to corporate sponsors are talks the talk about supporting business are right wing. As all of us have pointed out the province has not been run differently under him than the NDP. Only difference is he has been worse on a couple of fronts. Chief cheerleader for real estate bubble comes to mind.

realpaul
realpaul
11 years ago

The new graph of the unemployment spike looks like it's gone hyperbolic, just like the real estate bubble. I swear the economy of the last 10 years is starting to resemble the economies of the pre 1930's. Is life going to be a constant boom bust bubble and crash cycle after this? I thought our great leaders had introduced the central bank policy to get some control of this. I guess not. Is the EI spike just another bubble? Rememeber that the EI stats are only the 'official' unemployment it does not represent the real unemployment numbers. There are all the contract workers, self employed , returning mommies from maternity leave who don't qualify etc etc etc. The numbers put out today were from February, and as usual the government is playing fast and loose with the public information. They… Read more »

other ted
other ted
11 years ago

vanbaker you said it perfectly

VanBanker
VanBanker
11 years ago

other ted, right and left by themselves are too limiting as labels. Better to describe someone on two different axis: social and economic. In relative terms (note relative here): the Republicans are socially right and economically left; and the Democrats are left on both accounts.

There are not really any old-school economically "right" politicians in the world anymore that I know of: keep govt small, limited or no debt, keep inflation near zero if possible, etc.

other ted
other ted
11 years ago

patriotz i did say they are both at the centre now as they are the same. but I implied left of centre of conventional meaning. And of the electorate I would not make an assumption either way as more than half doesn't vote.

anyways back to real estate sacramento homes: Look at this link some selling below $25,000. but that won't happen here. We are the california of Canada right. Oh wait.

http://www.sacbee.com/business/story/1810481.html

rubberduckie
rubberduckie
11 years ago

Renting the staging furniture can actually be quite expensive. It seems like a good idea at the outset, but can add up very quickly. You price it out roughly for a sofa and some tables, but the little things like silk plants, throw rugs, and art can double your costs. It's a great investment if you can sell the place quickly, but the reality in this market is you're going to rent it for enough months that you could have just bought the stuff outright at the beginning.

And keep in mind two things:

– The photos on their web sites/brochures are their best makeovers to date… your mileage may vary.

– The stuff they bring in looks terrific in photographs, but up close looks cheap, flimsy, tacky.

patriotz
11 years ago

That's Lake Wobegone, of course.

And on a lighter note – break out the noisemakers folks. The first US metro has now passed the -50% mark on the Case-Shiller index. That distinction belongs to – surprise – Phoenix, which is now 50.8% below the peak in June 2006. Very close but not quite there is Las Vegas.

http://www2.standardandpoors.com/portal/site/sp/e

patriotz
11 years ago

other ted:

That's right of your centre, not the centre of the US electorate.

You cannot have two major parties both left of centre, any more than all of the kids in Lake Webegone can be above average.

other ted
other ted
11 years ago

Patriotz both parties have increased the size of government, the debt, the involvement of government in people's lives for a generation. A real right of center politician would be ron paul.

Anonymous
Anonymous
11 years ago

Jobless claims jump 7.8%

The number of Canadians receiving regular employment insurance benefits increased by 44,300, with the sharpest increases in Alberta, British Columbia and Ontario, Statistics Canada said. That marks the biggest monthly gain since July 1997.

In B.C. it jumped 11.6 percent in the month and has risen 39.8 percent since October.

Now, look around the city and what do you notice? Cranes, and construction hasn't stopped. This WILL get ugly. Picture Vancouver & BC in 9 months or so once these construction projects are complete, no more cranes in the sky, no more jobs… the end is nigh.

patriotz
11 years ago

other ted:

But both parties have been to the left of centre for over a generation now

Um, you mean both the Republicans and the Democrats have been left of centre for a generation? How can the only two parties that elect anyone both be left of centre?

What's your idea of right of centre? David Duke?