Persecution is the first law of society because it is always easier to suppress criticism than to meet it. - Howard Mumford Jones (1892-1980)
Jun 28
Jun 27
If you don’t think too much about the practical details, a rental property can seem almost like a source of free money. The landlord just keeps owning the property, the tenant just keeps mailing rent checks.
Of course, most of each rent check went toward the mortgage payment.
Then, the tenants broke up, and the one who stayed behind asked for a reduction in rent. The property manager I’d hired pointed out that it would probably take at least two months to find new tenants and ready the house for them; when I added up two months’ missed rent and some additional money for painting and other inter-tenant upkeep, I saw that reducing the present tenant’s rent by even $150 would pay for itself.
via Washington Times.
Jun 27
I’ve heard the question in various forms over the past couple of years: Why not just travel around the world without trying to go everywhere—in other words, why focus on the numbers?
Jun 27
I know. I understand, the depth, breadth and pain, depends on your local market place. Wherever you are, It’s been a damn long slough.
Do you think we’re on the road to recovery? I wish we were. I hope we are. I fear we are not, and I need a Plan B.
5 reasons “Plan B” goes into effect tomorrow
via Agent Genius.
[Article includes my favorite Hugh MacLeod Cartoon]
Jun 27
I want the word “reform” back. Between health care “reform” and financial services “reform,” Obama, his operatives, and media cheerleaders are trying to depict both initiatives as being far more salutary and far-reaching than they are. This abuse of language is yet another case of the Obama Adminsitration using branding to cover up substantive shortcomings. In the short run it might fool quite a few people, just as BP’s efforts to position itself as an environmentally responsible company did.
via naked capitalism.
Jun 27
Real estate investing can be simple in theory. You buy rental properties for a price and terms that provide positive cash flow, or you buy a home which you can fix up and sell for more. In practice, though, applying these simple principles involves a lot of educated guesses. Nobody really knows precisely what a house will sell for once it is fixed up. You also can’t say for sure how many vacancies you’ll have in an apartment building.
via The Wealthy Review.
Jun 27
