[Coronita]

[quote=gzz]I would get a newer car, and also avoid situations requiring rollover bars on my car.

My current car is a 2010 and just developed its first problem: when I run the AC, a purple liquid drips onto the floor of the driver area, sometimes directly onto my right foot.

A general mechanic said he couldn’t fix it and to take it to an AC specialist.

I may just get a new car.[/quote]

Nah, I have 4 newer cars, this one is 26 years old and has sentimental value. It was my dedicated race car and I have a history with it. Plus there’s one car that I want to order when orders open up again, and I still owe one car to friend that I a lost a bet too (which he thinks I was kidding)…

The story behind this 26 year old car is related to real estate…

You see, back when I use to work at Broadcom, I got a very large stock grant that vested. And I had put the deposit down to pick up a brand new 991 911s in Guards Red. Retail price $125k plus tax. And I was about to go pick it up that week. But a few things happened that week.

1. My insurance agent called and told me my insurance on that car alone would be around $2800/year extra a year on top of what I was paying, and there were mileage contraints of no more than 3000 miles/ year.

2. I came to work and told my boss and my friend what I was getting. And my friend, race junkie said I was crazy to buy a new car and field it for autocross/racing, especially since I was just starting out….

3. My boss, a total diehard Porsche guy that hand built his own race porsche (obviously not street legal) also said, I shouldn’t get the car if I’m starting out. He said something about getting a Porsche with a dual clutch transmission was like committing adultery or something like that. I guess he’s known as a “purist”….And said that if I got that car I would never ever get a manual transmission car again, and would miss out. (He was right BTW).

4. Real estate friend called me up and says, “hey I got a short sales that might be available for $125k. Are you interested? If you don’t jump on it, you’re going to regret it…”

So it was the perfect storm… I cancelled the Porsche order, took the money bought the condo for about $132k after closing and repairs, and took $1850 and bought this POS 26 year old car from this nice dentist hygenist so I could learn how to drive a manual gearbox 2 weeks before my first autocross and 1 month before my first track day.

My first autocross, I had the best time ever. You see, while everyone else brought their high powered BMW and Porsche and Audi etc, and had to be careful around the cones, and the potholes at then Qualcomm Stadium so as to not damage their really nice car…Me? I didn’t need to give a shit. I was hit cones left and right, drove over potholes like I didn’t care, tried to figure out what taking a late apex really means means, spun a few times, went off course a few times, and took out one entire section of cones that probably pissed of the corner workers.. No abs brakes, no traction control, no electronic nanny…And it was a lot of fun. Every single body panel had marred cone marks from hitting something, and I had an excuse to do all of that…Because I was a newbie…. I wouldn’t have done that with the brand new 991. I would have driven that like a pansy and gotten a lot slower time and learned a lot less. So this charade lasted a few years longer. That $2000 investment ended being 10 sets of tires, new suspension, new supercharger, new brakes, and a bunch of other things I did that I forgot. I think the total bill came out to around $12k or something like that…and nothing but smiles and fun…

That investment property? Cashflowed positive around 7% with a single tenant until I decided to sell it and do a 1031 exchange for something closer to me… at $315k and change….Meanwhile that 991 911s? Probably retained 65% of it’s value.

Throughout these years, I beat the shit out of this car, and it even caught on fire one time. Still survived. I decided to spend some money and restore it, including a new paint job, and straightening the front end bumper frame that came slightly bent when I bought it.

And after that, will put in a full roll cage and a 5 pt race harness, and (something I should have done a lot earlier), and fire suppression system.

One day, hopefully I’ll be good enough…one day…

[Coronita]

I was able to get the bolt thread off by jamming two hex nuts together so that I could turn the thread more into the body panel and then it came out once I turned the hex nuts the other way.

Looks like I’ll need to postpone getting a welder again..

Crisis averted!

[img_assist|nid=27258|title=bolt|desc=|link=node|align=left|width=300|height=300]

[Coronita]

[quote=Hobie]Good news flu. This is an easy job with tig. Yep, you get to buy a new tool! 🙂

Weld a much larger bolt to that stud and after letting some penetrating oil soak you should be able to put a wrench/impact on you new welded bolt and walk it out.

Looks like a trunk lid or a hood. Either way, you have to be very careful about applying high heat as you will warp the sheet metal.[/quote]

it’s not a trunk lid, but it’s a bolt that a hardtop and rollbar can attach to.Andnhigh heat will destroy new paint.

I was thinking welder too. Do you have a TIG welder to recommend that won’t break the bank? Would a harbor freight flux or arc welder work too? Those are pretty cheap .
I know nothing about welding.

https://www.harborfreight.com/welding/welders.html

[Coronita]

[quote=scruffydog]Does anybody notice that .gov is slowly trying to take away private property rights / negate rental contracts? Why does .gov give billions to big business for covid relief but almost nothing to landlords and then make it almost impossible to evict tenants? Rent control never made any sense to me; restricting return on private investment. If you bought Apple stock for $5 how would you like it if .gov mandated you could only sell it for $10 instead of $150?
Responses to my post are generally “So far I’m not affected so I don’t care”. I believe it will only get more difficult for rental property owners. I wouldn’t enter the rental business now.
Rents popped earlier this year in local areas I track. Looking at Zillow I have noticed recent sfr rent price reductions. Sales are still strong, very little inventory in 92124. Out of control in Canada – median up 54% in London On in 2 yrs. Toronto most overvalued in North America. Crazy times.[/quote]

California can propose as many property rights restrictions as it wants via Propositions. It’s up to the voters to decide. Outside of California, I don’t think the challenge to property rights is as bad as people make it out to be.

Even in CA, most of the property rights challenges that are really out of wack such as state mandated rent control are coming from the far left progressives, which probably feel more empowered these days given that CA has a supermajority in both chambers of the government. As soon as that supermajority is broken, we can probably get back to some normalcy. It will happen. If you lived long enough in CA, things don’t stay far one way or the other very long. It takes some time, but the pendulum do swing back to somewhere in the center eventually.

Imho it’s generally a bad idea to let politics and fear of taxes get in the way of investments. Just as much I think it would be naive to think that some additional taxes can’t possibly be passed, it’s probably equally naive to think given with the new constraint or taxes, one can’t make money off of rentals. The taxes aren’t currently the problem. The problem right now is that given how hot the housing market still is in SoCal and San Diego, it’s still difficult for properties bought now to pencil out nicely.

That would be like saying…Oh, well eventually the government is going to dip into people’s Roth 401k/Roth IRA (which could very well be true)….so lets not put any money into a Roth IRA/401k….I’m pretty confident if you do that, you and your retirement account will regret it 20-30 years from now.

I view this differently. I think that if the perception of investing becomes more difficult for a given asset categories, fewer determined people will look into doing it. And with fewer people looking to do it, there’s less competition…Afterall, most people get easily discouraged…

[Coronita]

[img_assist|nid=27248|title=stay positive|desc=|link=node|align=left|width=400|height286]

[Coronita]

Scardey. You’re a genius. I’m going to start selling these on Nextdoor, right in front of all those conservative Rancho Santa Fe Trumpsters…

[img_assist|nid=27247|title=MKGA|desc=|link=node|align=left|width=360|height=384]

Any of you want one? $20 each. PM me.. I’m trying to find a place that will use ITC Bookman Std font, because that’s close to the real font.

[Coronita]

Heres my conspiracy theory….

Trump tested positive for covid weeks ago. But he and his adminstration kept it quiet thinking he could kick it himself. This week, his conditions
got worse to the point the medical facility in the white house can no longer handle it. So that’s why he went to Reed.

That’s why doctors are messing up the timeline of everything and why they aren’t willing to say when his last negative result was taken. They are trying to cover it up because if he knew about his positive test result earlier and didn’t tell anyone else, he infected a lot of people GOP and all weeks ago… And maybe that’s why we suddenly we see a lot of GOP people are now positive. Because they were exposed and got infected weeks before.

[Coronita]

maybe he didn’t drink enough hand sanitizer?????

[Coronita]

more GOP party members infected. Lol…. Do stupid things… win stupid prizes.

[Coronita]

.

[Coronita]

Wow lots of people that attended the SCOTUS even are getting infected. Notre Dame president just tested positive.

That’s one way of getting Trump supporters to not vote. If they all get sick and end up in the ICU…..

[Coronita]

let’s hope this isn’t a ploy by the Trump administration to distract the public from a disasterous debate performance and cop out of future ones…and let’s hope Joe biden and Pence aren’t infected.

[Coronita]

I’m waiting for the next invite to Trump big gathering party in Rancho Santa Fe. I wonder though, given the turn of events, if masks will be required now.

lololol

[Coronita]

karma is a bitch… can’t say I feel sorry for him.

he definitely won’t be in my prayers. he can pray for himself.

Hopefully Joe and Pence is ok.

[Coronita]

Pence 2020!!!!!!

lol

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