Forum Replies Created
-
AuthorPosts
-
spdrun
ParticipantThe point is having a rate locked for 1 yr as opposed to just 3 months.
April 4, 2019 at 1:56 PM in reply to: For 2018 Taxes, what is QBI and how do you qualify a profitable rental as QBI? #812231ParticipantWouldn’t you have to claim the properties on Schedule C and pay self-employment tax to qualify as QBI?
ParticipantNet cap is probably more like 7-8% once you factor taxes, insurance, etc in there — that’s normal for much of the US. Landlords want to make a profit, and 7% isn’t that much above mortgage rates of 4 to 4.5%, especially when downtime for vacancy, repairs, etc are considered.
ParticipantCutaway chassis (GMC, Ford Transit, Sprinter, or Promaster) with a pickup bed. Shorter, cheaper, and probably more rugged than most pickups in 2019.
ParticipantFuel prices are a very small part of the French riots. They’re much more socialistic than that — protesting proposed cuts to services like trains, education, and health care in more rural areas/secondary towns. Macron is a neocon bankster. The Yellow Vests are closer to Occupy Wall Street than to the Tea Party.
ParticipantWell… yield curve just fully inverted today (3 mo > 10 yr). Hang on for the ride, kids! As far as interest rates, we’re talking about only a $30 per $100k (about 6%) mortgage payment difference between 4.5% and 4.0%. I suspect prices will be sensitive to factors other than a 6% difference in payment (ex utilities, Mello-Roos, and taxes) either way.
ParticipantUnless the place is non-functional, you don’t have to do things like landscraping, paint, appliances, and flooring immediately. Live with what’s there and enjoy that you have a dry roof over your head. I grew up in a house with a basically original 1950s kitchen (+ newer stove and dishwasher) and it was perfectly usable.
ParticipantThe Fed normally holds steady or even lowers just before a recession. (See 20y plot below.) If anything, the Fed holding steady at 2.5-3% would be a sign of a coming recession.
Rates hit 6.75% just before dot.bomb, hit 5.25% just before the housing skell-dump. Lower and lower each time — a lower plateau doesn’t guarantee an opportunity (aka recession) won’t happen…
https://www.macrotrends.net/2015/fed-funds-rate-historical-chart
Participantpre-2000, visas to the UK were childishly simple for Romanians or Poles to get. They’d just overstay. The same situation would probably be allowed to exist after Brexit. The UK government are realists — they’ll see the need for labor but want to appease the xenophobic fools.
ParticipantFlyerInHi… neither UK or Ireland are party to the EU open-border agreement. The internal Irish border is governed by an separate agreement that will survive Brexit. Both Ireland and UK will continue to have passport controls on travel to/from the EU.
ParticipantDoubt that it will reignite the Troubles. The UK isn’t actually part of Schengen (the EU + Swiss open-border agreement), thus there are passport controls on trains and ferries across the English Channel. The UK/Irish open-border agreement is actually an entirely separate agreement between the UK and Ireland, which will remain in effect even if Brexit happens.
March 8, 2019 at 4:26 PM in reply to: Piggington’s Evoloution-when will housing prices become the discussion again. #812030ParticipantWouldn’t we be better off if peak oil HAD hit 20 years ago and we were updating the nation’s electric grid to handle (say) 75% of vehicles being electric, electrifying freight lines, converting all oil heating systems, etc? Also, we’d have more clean, safe, and modern nuclear reactors as well as renewable power right now.
Cheap oil and gas are crutches that keep us from developing cleaner energy technologies.
March 8, 2019 at 7:54 AM in reply to: Piggington’s Evoloution-when will housing prices become the discussion again. #812016ParticipantEdison didn’t hold the patents on AC power distribution, and his DC system was unviable outside of cities. So he held demonstrations of the “dangers” of AC current and heavily pushed the electric chair, which ran on AC power. I think the tagline was “Do you want the hangman’s current running through your walls?”
Small consulation was that the Tesla/Westinghouse AC system won out in the end anyway…
Edison: “Invention is 1% inspiration and 99% perspiration.”
Tesla: “If he was able to math, he wouldn’t perspire so much.”Cruel irony of this was that Tesla died forgotten and Edison died a rich man.
ParticipantTenants are people, too. “Good” landscraping is actually nasty — requires pesticides, herbicides, and toxic people who are perfectionists and will probably call the cops if you walk in your own neighborhood after 10.
-
AuthorPosts
