How to go bankrupt and/or lose your house

I have a Saturday ritual. On Saturday mornings, about 49 times a year, I go to estate sales. On numerous occasions, I’ve been to estate sales of millionaires who, for one reason or another, were downsizing.

And on Saturday afternoons, I’ve been known to go look at foreclosure houses. Or, now that my wife and I have bought one, working on the foreclosure house.

I see a pattern.It’s unusual for the last owner of a foreclosure house to be in the house for very long. And almost invariably, I see a lot of home improvement projects. Often there’s at least one unfinished project still sitting there.

Often the projects are pointless–tearing out plaster walls to put in drywall, only because that’s what the stupid shows on HGTV say you should do.

But it’s always pretty clear from looking at the house and the information available in public records what happened. They bought the house, they made some payments, the house increased in value during the real estate boom, they took out a home equity loan and started changing things, then eventually they got in over their head.

Often the changes weren’t worth it. They’d start out with a $60,000 house in a questionable neighborhood, sink tens of thousands into modernizing the kitchen and bathroom and finishing the basement, and if everything had gone well, they would have a modernized house, still in a questionable neighborhood, and contrary to the promises they saw on TV, the house didn’t increase in value at all. Someone ends up buying what’s left of it for $35,000 or $40,000, fixing whatever is wrong or unfinished, and renting it out to someone for $700 a month. A rather inglorious end to those TV-inspired dreams.

I see another pattern on Saturday mornings at estate sales.

More often than not, the family stayed in the same house for decades. The kitchen appliances are usually dated. Sometimes they’re from the 1990s, sometimes the 1970s, and on rare occasions, you even see a range from the 1940s or 1950s. And generally most everything about the house gives the impression of age. Sometimes you see kitschy trends that have come and gone, like shag carpets and dark wood paneling. Sometimes you see timeless craftsmanship. The latter is particularly common in the homes of the wealthy–when they did buy things, they bought things that wouldn’t go out of style, so they’d only have to buy once in a lifetime.

None of these houses will show up on HGTV or any other TV, and for good reason: Houses like that don’t make you run out to Lowe’s or Home Depot and buy their crap.

But at the end of the career or life, there’s something to show for it. A paid-off house with things in it that have to be liquidated, which then goes into the estate. The money from all of it then helps pay for retirement, end-of-life expenses, or goes to the heirs.

The foreclosed houses look a lot more like what you see on TV, even if you have to wipe some grime away to see it. The appliances are certainly newer, the kitchen cabinets are usually newer, and somewhere there’s at least one TV-inspired project, maybe still brewing.

But what’s left to show for it? Years of payments, lost. A wrecked credit score. Possibly some other maladies. Nothing anyone would want.

Clearly it’s much better to just live within one’s means, even if it means sacrificing coolness points in the short term.

In the long term, I’m pretty sure the people who chased the newest trends, overextended themselves and ultimately lost their houses ended up with about the same number of coolness points. Maybe a little less.

Making trees from wire, plaster and lichen

I like this tutorial because it uses common materials and works for almost any kind of train: Making detailed oaks and maples.

It doesn’t hurt that the results look good too.I don’t think there would be anything wrong with using these trees on a tinplate prewar O gauge, Standard Gauge, or 2-inch Gauge (Carlisle & Finch and the like) layout. I don’t know if hobbyists were using these techniques 100 years ago, but the materials were all available then.

Lichen is available at craft and floral supply stores. You could also buy floral wire there to use in the project in place of electrical wire. Plaster is available at craft and hardware stores. And you can paint it with craft acrylics, available at craft stores and even some discount stores.

A lot of projects require a good hobby shop close by, and not everyone has one of those anymore. Living where I do, there are three good shops within 15 minutes of home (one is only about three miles away) but some projects require specialty items those stores don’t have. About a year ago I went to the estate sale of a model railroader who was extremely good at building and superdetailing kits. Virtually everything he had came from a hobby shop much further away.

The first thing I thought when I saw this project was that I could probably go out and buy everything I needed to make some of these even if I was visiting my in-laws in southeastern Missouri. And I might not even have to drive 30 miles to the nearest Hobby Lobby to get what I need.

It might be the first project I’ve ever seen where this is true.

Making two-part plaster molds

One of the station platforms from Dad’s old Lionel set only has one of its three supports. I could possibly track down new ones, or fashion new ones out of wood or some other material, but the easiest thing to do would be to just cast two new ones, using the first one as the original.
This guide to two-part plaster molds is written with action figure parts in mind, but the same principle applies for any solid three-dimensional object.

Keep in mind it’s illegal to do any of this stuff except for your own personal use, unless, of course, you’re casting copies of something you made yourself.

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