115 Mountain View Santa Cruz health and safety hazards

This Santa Cruz California house has never had a permit for the installation of the: water heater, house gas heater, jacuzzi, ADU building, outdoor gas fireplace, decks, stairs, hardscape, removal of garage, changing garage to living space without permits to name a few. I spot twenty eight code violations. First one is they have mosquito larvae in the jacuzzi.

Can you name in the comments the twenty eight other code violations? 

115 Mountain View is a cute tiny house with many dangerous remodeling and 

DIY additions. There is a reason why permits are required to change structural

items in a house- sometimes a handyman has no idea about safety hazards.

Owned by Sung Kim

 

1. Stairs and handrails: Stairs and handrails must be structurally sound and properly maintained to prevent falls and injuries. Common violations include loose or missing handrails, uneven or worn steps, and inadequate lighting.

2. Water heaters: Water heaters must be properly installed and maintained to prevent carbon monoxide poisoning, fires, and explosions. Common violations include improper installation, lack of ventilation, and inadequate clearance from combustible materials.

3. Lead paint: Lead-based paint was commonly used in homes built before 1978 and can be hazardous to health, especially for young children. Common violations include chipping or peeling paint, failure to disclose the presence of lead paint, and failure to properly remediate lead paint hazards.

4. Gas vents: Gas appliances, such as furnaces and water heaters, must be properly vented to prevent carbon monoxide poisoning and fires. Common violations include blocked or damaged vents, improper installation, and lack of proper maintenance.

If you suspect that your home has health and safety code violations related to these areas, you should contact your local housing authority or code enforcement agency to request an inspection. They will be able to provide you with specific information on the violations and the steps you need to take to correct them.

Cancellation Of Debt Consequences

 

When borrowers face a financial outlook that is less than promising, it is important for them to consider the potential negative tax consequences of phantom gain and cancellation of debt.

Phantom gain refers to a situation where a borrower is deemed to have realized a gain for tax purposes, even though no actual cash or property was received. This can occur when a borrower sells a property for less than the outstanding debt owed on it, resulting in a debt forgiveness amount that is considered taxable income.

Cancellation of debt, or COD, occurs when a lender forgives all or a portion of a borrower's debt. This forgiven debt is also considered taxable income and must be reported on the borrower's tax return.

It is important for borrowers to be aware of these potential tax consequences and to seek the advice of a qualified tax professional before making any decisions that may result in phantom gain or cancellation of debt. There may be ways to minimize or defer these tax liabilities, and a tax professional can help borrowers navigate these complex issues.

It doesn't matter if you are giving the keys back on commercial or residential real estate the consequences are the same:

The forgiveness is considered income gain.

Credit will show the negative event.

Results may be more painful long term.

Thirty Banks With Large Deposits Not FDIC Insured

 

Thirty Banks With Large Deposits Not FDIC Insured

There are some types of accounts that do not have FDIC insurance coverage up to $250,000. Here are some examples:

1. Investment accounts: Investment accounts, such as brokerage accounts, mutual funds, and stocks, are not FDIC-insured. These types of accounts carry different forms of investment risk, including the risk of loss of principal.

2. Annuities: Annuities are contracts between an individual and an insurance company. They are not FDIC-insured and carry different types of risks associated with the insurance company's financial health and the performance of the underlying investments.

3. Safe deposit boxes: Safe deposit boxes are not covered by FDIC insurance. While they may be a secure place to store important documents or valuables, the contents of a safe deposit box are not insured against loss or damage.

4. Cryptocurrency accounts: Cryptocurrency accounts, such as Bitcoin wallets, are not FDIC-insured. These accounts are subject to the volatility of cryptocurrency markets and the risks associated with storing digital assets.

5. REIT funds

6. Real Estate

7. Accounts where you have more than $250000 in one place

8. other types of accounts...

It's important to note that the above examples are not an exhaustive list and that other types of accounts or financial products may also not be covered by FDIC insurance. If you have any doubts or questions about the insurance coverage of a particular account, it is always a good idea to check with your financial institution or consult with a financial advisor.

So what is the solution if you are wealthy enough to have a million dollars in cash?

Move the deposits to accounts in different banks each under $250000.00

Silicon Valley Bank*	93.8	$209
	Bank of New York Mellon	92.0	$325
	State Street Bank and Trust Co.	91.2	$298
	Signature Bank*	89.3	$110
	Northern Trust Co.	81.6	$155
	Citibank NA	73.7	$1,767
	CIBC Bank USA	73.1	$51
	HSBC Bank USA NA	70.6	$162
	City National Bank	70.3	$97
	First Republic Bank	67.4	$213
	East West Bank	65.8	$64
	BMO Harris Bank NA	60.5	$177
	Comerica Bank	60.4	$86
	Western Alliance Bank	56.3	$68
	Frost Bank	53.6	$53
	Banco Popular de Puerto Rico	53.1	$56
	MUFG Union Bank NA**	53.0	$104
	Zions Bancorp. NA	52.2	$90
	JPMorgan Chase Bank NA	52	$3,202
	U.S. Bank NA	51.4	$585
	Synovus Bank	50.7	$60
	Bank of the West**	50.7	$92
	KeyBank NA	50.0	$188
	Fifth Third Bank NA	48.4	$206
	Goldman Sachs Bank USA	47.6	$487
	Citizens Bank NA	47.5	$226
	Manufacturers and Traders Trust Co.	47.1	$200
	First Horizon Bank	46.2	$79
	Bank of America NA	46.1	$2,419
	Huntington National Bank	45.6	$182