@@@ Friderp@@@
- Thread starter eric strt6
- Start date
Good luck in TN for the next... 10 days?? 
Just did a ride with a 3400 foot (road) climb. It was so frickin’ windy coming back it took about the same time to pedal down 3400 feet as it was to climb UP it. And all of the sudden it is fire haze season (time for east coasters to gloat).
FTS!
I for one HATE the uptick in this over here. EVERY home that lists here is snapped up in 24 hours for $50-100k over list buy some "lawyer representing investors".
I am hopeful this is still happening a coupe years down the road here.
Damit 
Buddy last night - I got my latest project done a bit early...Bromont sounds like a great idea, wanna go?
Me - Fuckin A, lets do it.
Hey Nate - You in?
Nate - Bloody right I am.
Honey - Our Bromont trip has been decided. We are going to ride big bikes and are leaving later tonight. What do you think?
Wife - That's great, you guys have been talking about this for weeks. Hold on....
Nope, you can't go.
Me - Why?
Wife - You have your second Covid shot Sunday morning.
Me - FUCK!!!!!
Buddy last night - I got my latest project done a bit early...Bromont sounds like a great idea, wanna go?
Me - Fuckin A, lets do it.
Hey Nate - You in?
Nate - Bloody right I am.
Honey - Our Bromont trip has been decided. We are going to ride big bikes and are leaving later tonight. What do you think?
Wife - That's great, you guys have been talking about this for weeks. Hold on....
Nope, you can't go.
Me - Why?
Wife - You have your second Covid shot Sunday morning.
Me - FUCK!!!!!
Damit
Buddy last night - I got my latest project done a bit early...Bromont sounds like a great idea, wanna go?
Me - Fuckin A, lets do it.
Hey Nate - You in?
Nate - Bloody right I am.
Honey - Our Bromont trip has been decided. We are going to ride big bikes and are leaving later tonight. What do you think?
Wife - That's great, you guys have been talking about this for weeks. Hold on....
Nope, you can't go.
Me - Why?
Wife - You have your second Covid shot Sunday morning.
Me - FUCK!!!!!
Just had my annual "US currency is failing, CPI is a political fraud, we should move everything to hard assets' BIL. He doesn't seem to grasp the concept of PE firms using leverage to buy houses to rent, as they are being treated effectively as buying bonds using leverage, but at incredibly low rates. Instead it's all buying hard assets' to protect against the eventual market and currency collapse.
Except the returns on renting a house are rather low and risky. It is speculation that the value will increase and renting in the mean time. Prices can only go up! What could go wrong?
Drive separately, come back Saturday night.Damit
Buddy last night - I got my latest project done a bit early...Bromont sounds like a great idea, wanna go?
Me - Fuckin A, lets do it.
Hey Nate - You in?
Nate - Bloody right I am.
Honey - Our Bromont trip has been decided. We are going to ride big bikes and are leaving later tonight. What do you think?
Wife - That's great, you guys have been talking about this for weeks. Hold on....
Nope, you can't go.
Me - Why?
Wife - You have your second Covid shot Sunday morning.
Me - FUCK!!!!!
Long term rentals seem a sketchier proposition to me as a rentier than short term rentals. At least with the latter there's a company ostensibly on your side rather than a slow court system and expensive system of eviction.
Long Island man who hasn’t paid his mortgage in 20 years dodges eviction again
Guramrit Hanspal, 52, hasn’t coughed up a dime to live in his East Meadow home since making a single mortgage payment in 1998 but has repeatedly avoided eviction.
nypost.com
Look at it like a bond, acquired on leverage. $2k/m on a $500k house = 4.8%. A PE firm can borrow in the <1.5% range. So! They are likely paying roughly $0 for a 3%+ RoR. Sure they are carrying risk, but their RoR will still be higher than long-term bonds, and they have the potential for value increase - at least at inflation. So... 30yr(?) TIPS@~3% and no risk of default from the issuer. And even moreso, they can turn around and create a residential real estate REIT, which will be an open market security, that they will get paid as administrator.
And by buying up all/large percentages of available housing in a given area, they can also control availability of rentals > supply/demand > driving to higher rental prices > higher yields. *This is more "their out to get us" speculation, but rental prices in our area are also being driven up with property prices.
It's really brilliant. But still makes them assholes for the rest of us. And it's one more thing falling into the lap of Boomers (higher selling prices on their $30k homes) that makes life difficult for everyone younger.
8 hrs one way.
Unfortunately, my head will not take that.
If I drove it, I would be too wiped out to ride.
Same with after. If I ride, would be too wiped out to drive.
A day of DH costs me about two to three days of severe lethargy and quite a bit stronger headache spikes.
Haha, just checked the weather history, 40-50 mph gust where I was trying to ride downhill.
yeesh.
yeesh.
Less property taxes, insurance, 10% property management fees, maintenance (birds, decks etc) and even in a good market one can't expect better than 98% occupancy. So you are probably looking at 3% return for just rent with real risk. The proposition makes sense when you assume rents/prices will increase. It would be disasterous in a downturn, and I assume these are setup to just allow foreclosure if things go red.
Seattle/Washington has recently boosted eviction protections beyond COVID moriatoriums that it has become incredibly risky to rent. This is driving people to sell homes to get out of the rental market while the housing market is booming. I am not sure how the apartment market is doing but single family home rental prices seem to have gone up about 20% in the past year. Despite home prices going up, rent has been flat or decreasing over the past 4 years.Long term rentals seem a sketchier proposition to me as a rentier than short term rentals. At least with the latter there's a company ostensibly on your side rather than a slow court system and expensive system of eviction.
Long Island man who hasn’t paid his mortgage in 20 years dodges eviction again
Guramrit Hanspal, 52, hasn’t coughed up a dime to live in his East Meadow home since making a single mortgage payment in 1998 but has repeatedly avoided eviction.
OTOH, our ‘cheap’ long term rental in Victor actually pays off both mortgage payments every month, and we have only had two months out of 11 years that we had to pay ourselves while we were fixing things up. We bought it in ‘01, so the mortgage is peanuts.
It works great when you can buy cheap and prices go up. Try that today. Not saying it can't work out but it is all largely based on speculation that things will continue to go up, and it always has historically but we are reaching a point when it will all become unsustainable in many areas.
I wouldn't be surprised to see companies moving to places like Detroit and attracting employees with the promise of an affordable home.
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Yeah, plumbers are in the $100-$200 dollars an hour range. We got really lucky with the very, very few shekels we were able to put together in ‘01. My wife is a financial genius of sorts.
America, fuck yeah!
We're number 1*
* Al Gore is still fat (I think, NTTAWWT)
We're number 1*
* Al Gore is still fat (I think, NTTAWWT)
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Given our struggles finding affording housing, that's had me pondering the same thing. Unless companies start embracing remote work en mass, it's going to become increasingly difficult to find and retain early career talent. That's gotta represent a huge risk for stability and long term dynamicism.
if the yout's would quit being so wishy washy and stay in one place and at one job for more than 2 years maybe it wouldn't be such an issue?
the parents at the gas station high as fuck with the kids snarfing up the chips and slurpees....
my older brother his wife and the kids went to a billy strings show for his birthday....
first thing the 11 year old says....sure are alot people getting high....