1975. I feel old realizing there are readers who don't remember experiencing that era. The old Midas Muffler commercial was playing off the growing fear of inflation at the time. Make no mistake; it was fear. Not concern, not some modern investment strategy but the looming prospect of huddling in the dark eating Senior Vittles™. Things were bad. Volker was all but unknown. Watergate, Embargo, Carter rising. It scarred the national psyche.
Now look at the own to rent thrice in a lifetime opportunity seen in those graphs. Rising rentier income. Even better when you consider the lower interest rates. And it doesn't matter if the prices and the rents realign. You either get the rent or the appreciation or both. Nota bene: I said thrice. Once in the 70s before inflation. Once in the housing bust precipitated by the credit bust. And one last time perhaps...?
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People Think These Jobs Have The Most Honest Employees
Ouch! Car salesmen beat out Congress-critters....
I'm shocked at police officers and judges as being rated so high. I guess it is a case of "a liberal is a conservative who has never been mugged."
Conservatives’ new enemy: Bikes
:hat-tip:Bubblisimo Gerkinov
Car commuters were Ford voters; everyone else wasn’t. Ford repaid their loyalty by declaring on his first day as mayor that the “war on cars” was over; he abolished the vehicle registration tax and announced a plan to kill light rail in the city simply because, he said, streetcars “are just a pain in the rear end.”
But Ford reserves special venom for the menace called the bicycle. He is perhaps the most antibike politician in the world. In 2007, he told the Toronto City Council that roads were designed for only buses, cars, and trucks. If cyclists got killed on roads, “it’s their own fault at the end of the day,” he said. He compared biking on a city street to swimming with sharks—“sooner or later you’re going to get bitten.”
Inflation in FIRE, deflation in everything else ?
Seeing lots of packages being shipped. Amazon
may beat expectations by a mile.
Love the new masthead.
On topic, some older buildings (1925-1937) here in SM recently sold for between $700 and $760 per square foot. The average of recent sales seems be around $500/sqft.
On bicycles, when ridden on city streets and boulevards, they fit the expanded definition of "donorcycle".
What's the ROI on $500/sf?
$4 psf per month? that's insane.
I see GRMs between 14 and 27, where they are available on the report I got. Many are not available.
Here's one on Third Street:
25 units, Sales price $18,000,000, $566/sqft, $720,000/unit, GRM not specified.
I have a vacancy right now that I am remodeling - it's a 1BR, about 600sqft, should rent for almost $2000/mo. That's a bit over $3.00/sqft.
Ten rooms 6x10 for $200 each?
Ten rooms 6x10 for $200 each?
LOL, that's what the City builds for low-income housing. They look like munchkin holes.
Looks like this will be a daily stop, good to see you blogging again.
Blogging is work. Almost as much work as assembling a rental criteria article.
This place as been mostly sh!tstain free since 2004. A great place to hang out until a zillion other blgs started picking up the slack. Nice vacation but complacency elsewhere compels me to resume.
One thing. I don't do as much handholding and filling in the conclusions as I used to. Is that oay or should I e filling in the steps and writing out the bottom line more?
One thing. I don't do as much handholding and filling in the conclusions as I used to. Is that oay or should I e filling in the steps and writing out the bottom line more?
Putting in the details makes for a better discussion.
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