Archive for the ‘random musings’ Category

Happy Black Friday!  For those of you with money, all sorts of assets are for sale at rock bottom prices.  Go forth and buy!

  • In many parts of the country you can scoop up houses for less than the cost of building them.   A friend of mine is buying houses in Florida for $25,000 when just a few years ago they were selling for over $100K.   I challenge anyone to be able to build a home at $25,000 (mobile or pre fab homes don’t count).
  • Stocks are for sale, Warren Buffet is reportedly on a buying spree.  And why shouldn’t he be?  With his knowledge of what constitutes a good company (my guess is that no or low debt on the balance sheet is one criteria) he can get good company stock for cheap.

So those of you with cash that are sitting on the sidelines, buy an asset!  It is almost hard to go wrong.  Invest for the long term and be prepare for prices to dip more .. but if you have the long term view you will be ok.  To me real estate seems more like a sure thing than stocks, but it depends on what you know best and your willingness to manage your asset (stocks don’t stiff you for 2 months rent and then leave a mess to clean up).

And, if on this Black Friday, you insist on being a consumer rather than an investor, you still have great bargains awaiting you.  New cars are selling for thousands less than they did just recently.   The settlement on a wrecked 2006 Prius was enough to buy a brand new 2009 in one case.   Dealers are so desparate that there are buy one and get one free deals out there.   Anyone up for two Dodge Rams for the price of one?

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Check out this recent study that identifies different regional personalities for the various United States.    It says that while Californian rank high in openness they are not very extraverted.  After living here for a while I agree with this.  Californians tend to want to know that you have something in common before becoming friendly.  Compare this with other states.

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A couple of weeks ago I attempted to add a blogrush widget to my blog. For those of you who don’t know, the idea behind blogrush was that it was a virual way to link similar blogs to each other. It was a rather ugly widget that would have looked awkward with the theme I was using.  But I was willing to give it a try.  Cool idea. Too bad it didn’t work.

I spent over an hour trying to get the blogrush widget to work. The javascript code kept getting blanked out. It looked Ok, but my suspicion is that that the blogrush javascript code was not compatible with the Ocadia theme that I was using.  I was not willing to dive into the HTML code of the theme to try and make it work. Nor was I willing to change my theme unless I had a suitable replacement. I sent several emails to their customer support asking for help.

No response at all. So I’ve removed it.

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New beginnings

I blogged for a while on real estate in 2005 on blogger.com. I got so busy with everything I was doing that I stopped blogging. I haven’t stopped with real estate, in fact I’ve done several preconstruction deals. My impetus in starting this blog on wordpress is that I’ve hooked up with some cool people and we have this idea to help people figure out their cash machine. For many it’s real estate… stay tuned.

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Nerd Score

Ok, I know this has nothing to do with real estate. But it was fun.

I am nerdier than 43% of all people. Are you nerdier? Click here to find out!

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Why is it that people don’t return phone calls and emails?

I don’t always think as myself as the most responsive, but I usually get back to people at some point. But as I attempt to create new contacts and work on real estate deals, I’m finding there isn’t a lot of followthrough. Is it me?

I’m going to a Saturday workshop on asset protection. I’m particularly interested in learning more about Delaware series LLCs. Asset protection is a involved topic that I’ve studied quite a bit and will likely fill up a number of blogs in the future.

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