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Brew

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Everything posted by Brew

  1. He’s on a roll, leave him alone. Most people just ignore a product/team/sport that they dislike, instead we have post after post trying to justify his feelings. I follow the WNBA from a distance, check out the Clark highlights, and keep on with my life. Hopefully, the league improves, expands, and gets through the growing pains.
  2. Thread hits close to home, my kids high school youth pastor was arrested yesterday for a litany of issues involving a high school student. It’s hard to fathom how an adult ends up doing the stupid shit they do.
  3. One thing I would add is be careful what you buy before you know where the kids are going once they leave. We sold our place in South Florida a few months before Ian and had our replacement purchase fall through because of Ian. It took a while before we could legitimately start looking again and in that time frame our kids have become more certain about where they are going for college and post college and it is definitely not south. We’re looking out west and in Chicago now. I’m still going to buy another place in South Florida but I’m probably going to look smaller and in a different area than where we were originally going back.
  4. The other mountain spot in NC looks to be where Boone is which is the home of Appalachian State. I don’t know that I would have pegged it as blue, but it is a really nice, small town in the mountains. It’s not cheap by any stretch.
  5. Georgia itself isn’t turning blue, Atlanta is what keeps it split since 60%+ of the people in Georgia live in the Atlanta metro area. The Blue Ridge area is very hard red. As far as TN goes, stay far, far away if you are concerned with politics. With the number of people moving in, TN will be about as red as it gets outside of Nashville/Memphis. We’re 75/25 at the state level even though the two metro areas above make up 45% or so of the population. They have gerrymandered those districts enough to where it can be 75/25 at the state house level even though presidential elections lean 60/40 with 3 counties going blue.
  6. Hell, just do it assuming it makes sense for what you are looking for. You know the owner, you know the boat, you know the dock/area, for a partial interest that’s better than most deals you will find. You can rent small boats for day use all around south Florida which are cheaper than going guided once you know the area better. I would lean more towards a condo with a boat out back, but I’m not big on dock life at this point and I strictly sight fish so a big boat doesn’t make sense for me.
  7. On the things we finance, I just run an amortization schedule and give it to the buyer and they make the payments. I don’t think I’ve ever sent a monthly invoice on a seller financed property. I also don’t adjust for payments made early unless they make excess principal payments, then I just rerun the schedule and send it to them. If they do something like add $100 to every payment, I rerun the schedule at year end each year.
  8. Clearly an issue, now go into the reasons we have a supply problem. You know things like corporate ownership on an expanding scale, rising interest rate environment driving people to stay in their houses, changing tax policy, hell even the current political environment resulting in a shift in where people are living, etc.
  9. Yes, commercial bank debt. You can only hold a few mortgages. Technically, you can go to 10 I believe, but most people don’t qualify because the qualifications don’t change so every additional one makes the spread to qualify get more narrow. If everything is paid for, you can mortgage a few properties to provide buying opportunity, but you’re not getting to 75 (or even 25) without using bank side financing if you are financing.
  10. The auto industry is a terrible example of fund backed investment opportunities. The runway is too long for a typical PE type fund that is looking to return capital to investors in under 3 years. It might work for an institutional fund but the ability to make money operationally there is still a huge question mark. It comes down to whether you can get public interest behind you to cash out on a public offering which is a massive gamble. There is significantly more money in that space than ever before. We get emails daily from funds looking to make investments that are startups, known funds, and everything in between. I think I’ve talked to 10+ family offices in the last few months that are all 9-10 figure family offices making investments. There is too much money concentrated at the top of the system, so when you are competing with them on single family housing it’s a losing proposition.
  11. I deal with large investors often and have been in partnerships with 200+ single families at one point in time, but I don’t deal with institutional investors. Most of the time there is somewhere around a 2% minimum spread difference between owner financed using the mortgage market and investor financed using the bank side financing. There was definitely a run up in non institutional investors that we deal with purchasing when rates were lower because they could buy in the high 4’s / low 5’s on rates. That’s probably closer to an 8-9 today. That 2.75% rate should have expanded ownership opportunities, but instead inflation and supply issues offset the benefit.
  12. I don’t follow your logic here. It sounds like you are saying that institutional investors are having to go outside of typical investments because of lack of opportunity within the traditional space therefore they are chasing non-traditional investments. I don’t see that at all. The numbers on investments being made are up significantly. I would say it is more related to how much money is tied up in institutional investments whether PE, family office, retirement plans, etc that the massive wealth accumulation at that level along with a lot of other circumstances is driving the alternative investments.
  13. You do realize that people who own multiple homes and those owned within corporate environments aren’t getting 2.75% mortgages, right? You could technically have 10 mortgages, but I can’t say I have ever seen anyone qualify. Usually, once they are past a few then they are dealing with bank side financing, not traditional backed mortgages.
  14. Not at the same speed or at the same scale. Your last sentence isn’t true at all. Comparing access on the internet to TV isn’t even a comparison at this point. Having two daughters, the change in interaction in relationships is a huge concern. The internet tries to normalize some fucked up stuff.
  15. It’s all about the internet and the cultural changes it is driving. Look around, it’s not an anomaly.
  16. Eliminate the standard deduction (everyone itemizes), eliminate the SALT cap when itemizing, increase the use of homestead exemptions in states that don’t use it, reinstate first time home buyer credits, and build in a bigger spread on rates on government backed mortgages versus conventional financing. You aren’t putting the horse back in the barn on corporate ownership, but you can increase the incentives to individual ownership. Also, they might want to rethink that whole 21% corporate tax rate. These issues aren’t new, but they have been exacerbated by a certain piece of tax legislation in 2017 along with the high inflationary environment of this decade.
  17. If you have the means, go consult with a family law attorney and see what the options are. I don’t know shit about the legal system, but I remember at that age sitting in front of a judge and telling him which parent I wanted to live with and that’s who I lived with. The kid is old enough that there should be a way around the issue. Getting dad to relinquish his parental rights sounds like a problem, but at some point the circumstances of his upbringing should carry some weight. Doesn’t mean it will though.
  18. Daughter applied as an English major and got accepted pretty much everywhere. Others with higher ACT’s got rejected from the same schools. She is very involved and had great essays, but applying outside of business and a few other options definitely opens up more opportunities at the selective schools.
  19. If you aren’t getting accepted in state at UT, you’re aren’t going to make the cut out of state at Michigan today. Also, we toured it and were not fans of the campus layout. You don’t have the traditional campus setup like a lot of southern universities because of how the campus is laid out around Ann Arbor. Illinois is definitely worth a look. Near the top of the Big Ten in all rankings, decent campus, etc. We pushed our daughter to really consider it, but it was too far away from her friends ultimately. We also looked at Purdue and Indiana, but location killed them. Florida is worth considering if you are just looking at academics. Suprisingly, Clemson is also worth a look. They have a pretty strong honors college.
  20. Saw it Sunday, was well worth going to see. Enjoyable, summer movie that definitely played better in the theater than what it will at home.
  21. If you ever fly into Savannah, make sure to pay attention to the Air Force side of the runway. They had an assortment of the different jets the AF fly as well as a number of T-38 Talons and other planes. My pilot took his time on the approach to takeoff so we could check everything out. They also had a Sikorsky CH-53K sitting out there, it’s hard to believe how massive that helicopter is even sitting next to F-22’s and 35’s. This isn’t my picture, but this is what it looks like right off the edge of the runway except the planes are all newer versions.
  22. It’s not correct, nor anywhere near correct. I think the actual numbers on the bottom 50% of income earners is sub 5%. I even played with some data using taxpayers (eliminating those that pay no tax) and I don’t think you can get there although it is closer.
  23. Looks like a lot of tubing going on there.
  24. If you like the Voodoo flavoring, they are worth a try. They are very heavy on the seasoning with them. Honey Mustard ones were also good.
  25. Have you discovered Voodoo Pretzel Stix yet?
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