Writer by trade. I makes da words purdy.
My #meetHubski interview is here.
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... at the same time he decides to fund - with taxpayer money - a wall that will be about 2x NASA's annual budget.
Full Disclosure: One year, when I was first staring my business and was hurting for cash, I color-printed out a photo of someone else's license plate tabs. I cut out the little square, covered it in scotch tape, and glued it to my license plate.
Didn't get any tickets for expired tabs for a year!
And then had to pay the penalty for not registering when I paid the registration fee for the car the next year. DOH!
I have the opposite experience. I know several people with a house and a rental property (condo, usually), and they are all doing very well.
I would hypothesize that someone making $50k/year who buys 5 houses has a predatory lender and bad judgement, as well as a bad business plan...
I may be wrong, but "Private Road" is a specific classification of a street, that absolves the city/county from any maintenance responsibilities. Plowing, filling potholes, repaving, plumbing the street with gas, repairing common drainage, etc.
Ok. I see your point.
Now we are 10 years down the road. 2027.
None of these weak ass devices exist any more, because manufacturers have been forced to develop quality products that are secure and resilient. And that's just the way it is.
As recently as 5 years ago, we had to regularly restart our smartphones because they would crash or just stop working.
That was unacceptable, so manufacturers were forced to address the problem, and now I can't remember restarting my iPhone at all this year.
I'm not saying you are wrong, but there is a hint of the guy busting down the highway with no hands on the wheel of his Tesla, and getting decapitated by a truck the cars' vision systems didn't see. The user bears some responsibility here, but so does the manufacturer.
Maybe we need an "EnergyStar-compliant" rating system for "Internet Secure" standards?
I know I look for EnergyStar-rated appliances, and won't consider other models.
Maybe there is an opportunity for an IP Security standard...? (heck... that's how Elon made his first money.)
The waverunners are their son's. He's off at college, and about to graduate. So yeah, they have been sitting for a while. But he's going to be moving to (insert coastal city here) when he graduates, and going to take them back.
Now how do you feel about the street?
See, waverunners and things like that don't bother me, because they are transient. House sells? Boom. Gone.
But the STREET itself?
You said it was basically a glorified alley with a street sign at the end. That tells me that this may not be a city-maintained street, and that you and the neighbors may need to pony up the $5k/house to repave it... every once in a while.
When was it last repaved? Who paid for it?
Did Mr. and Mrs. Waverunner pitch in? Did they own the house when the last repaving was done? (This will tell you far more about their financial position. Any homeowner with a modicum of sense can get a loan for $5k. But if they own a house on the street and can't pitch in their part to repave... they are the Problem House.)
I'm with KB on the "Don't Buy Now" bandwagon.
Trump is a fucking disaster. He's mercurial. Capricious. Undisciplined. And doesn't give a shit about anyone but himself.
The US economy does not like uncertainty, and reacts poorly to anyone that rocks the boat too much. Institutional investors are holding their breath to see how bad it gets with Trump, but it's pretty clear at this point that things are not going to get better, economy-wise.
(Today he started - kind of - a trade war with Canada over the lumber that is primarily used to build houses in the US. What happens to home building/renovations when the prices of lumber go up 20%? Right. Lots of construction workers out of work. And plumbers. And kitchen installers. And... shock to the housing market, which is already teetering at the high end.)
If I could find a groovy downtown condo for a great price, I'd buy it now, and live in it for 5 years, and save every single penny I could. Then, after Trump has failed himself out of office and the market tanks, take that nice little nest egg you have built up, and go buy a house.
And rent out/AirBnB the condo.
BAM. Now you are paying your mortgage with your rental income, and you own TWO properties as the market recovers in a post-Brexit, post-Trump era of sober realism and a return to focusing on the fundamentals.