Doesn’t Matter Who Wins the K Race; We’re All the Same

[Tyrone Slothrop]

Originally Posted by Hank Chinaski

Cuz the amount of money you could get isn't worth the headache? Especially given the investment.

You pay someone to manage it. Anything you make is return on the investment.

[sebastian_dangerfield]

Originally Posted by Hank Chinaski

Anyone watching "Years and Years?" I really liked it.....




Spoiler




Until the end- maybe the most disappointing end ever....

I loved it. And then I got the end, where the only reaction can be, WTF?

Emma Thompson was great in it. But they never adequately developed her. It needed to be an 8 part series with an episode devoted to her and her financiers.

[ThurgreedMarshall]

Originally Posted by Tyrone Slothrop

If those people are buying apartments as investments, I don't understand why they don't rent them out.

I don't think the rental market for $30 million apartments is that robust.

TM

[sebastian_dangerfield]

Originally Posted by Tyrone Slothrop

High school in the suburbs, so I can go both ways.

"You've gotten to be like a daughter to me and I wanna share something with ya..."

"Aww, what's that Mom Kelly?"

"I go both ways."

[Hank Chinaski]

Originally Posted by Tyrone Slothrop

You pay someone to manage it. Anything you make is return on the investment.

Polite answer: the amount you could get compared to the size of the investment makes it not worth while.

[sebastian_dangerfield]

Originally Posted by Tyrone Slothrop

You talk about the problems with "cities" when you mean post-industrial mid-Atlantic cities. San Jose really is a city. It's not perfect, but it's problems are different than Philadelphia's problems. If you want to have a conversation about the problems in Philadelphia (or Baltimore, or Detroit), fine -- just don't think you're talking about "cities" generally.

I think I did reference Mid-Atlantic cities at the outset of the discussion. However, I will diligently endeavor to make sure the appropriate geographic caveat, excluding the Golden State, is applied in each successive post in such conversations in the future.

[Greedy,Greedy,Greedy]

Originally Posted by Tyrone Slothrop

You pay someone to manage it. Anything you make is return on the investment.

Nah, if you're going to invest any time and energy (either yours or your people's) in a property in the US, better to focus on finding a way to get another unit or maybe a building.

[Hank Chinaski]

Originally Posted by Greedy,Greedy,Greedy

Nah, if you're going to invest any time and energy (either yours or your people's) in a property in the US, better to focus on finding a way to get another unit or maybe a building.

When Ty asks questions like this it’s important to explain in more detail. Remember he has no experience in running a company of any size. The frictional costs that reality brings don’t exist in his book learned views.

[Greedy,Greedy,Greedy]

Watching Delaney in the debate last night, I believe we have an actual sighting of that rare animal I keep hearing about but never seeing: the socially liberal but fiscally conservative politician.

I am going to henceforth take his polling numbers as a sign of how many socially liberal fiscally conservative voters actually exist in the US. I mean, if you are one, who else would you even consider?

[Greedy,Greedy,Greedy]

Originally Posted by Hank Chinaski

When Ty asks questions like this it’s important to explain in more detail. Remember he has no experience in running a company of any size. The frictional costs that reality brings don’t exist in his book learned views.

When I start my own law firm I'm going to call it "Frictional Costs, LLP", because I believe it is best to know ones' self.

[Adder]

Originally Posted by sebastian_dangerfield

I think I did reference Mid-Atlantic cities at the outset of the discussion. However, I will diligently endeavor to make sure the appropriate geographic caveat, excluding the Golden State, is applied in each successive post in such conversations in the future.

Except your generalizations don't describe DC either.

[Tyrone Slothrop]

Originally Posted by ThurgreedMarshall

I don't think the rental market for $30 million apartments is that robust.

Maybe not, but if you're not going live in it, you might as well rent it for what you can get -- especially if you're just thinking of it as an investment.

Originally Posted by Hank Chinaski

Polite answer: the amount you could get compared to the size of the investment makes it not worth while.

I'm comparing what you could get compared to zero, which is what you make on rent if you don't rent it.

[ThurgreedMarshall]

Originally Posted by Tyrone Slothrop

Maybe not, but if you're not going live in it, you might as well rent it for what you can get -- especially if you're just thinking of it as an investment.

I think the idea is to not draw any attention to the asset which is serving as your looted money-hiding spot.

But even if that's not the situation, for us, sure, renting it makes perfect sense. But if you have a $30 million dollar apartment, getting $10k a month for it probably seems ridiculous. Hell, I know people who won't rent out places they use for a weekend once a year and they're only kinda rich.

TM

[Hank Chinaski]

Originally Posted by ThurgreedMarshall

But even if that's not the situation, for us, sure, renting it makes perfect sense. But if you have a $30 million dollar apartment, getting $10k a month for it probably seems ridiculous. Hell, I know people who won't rent out places they use for a weekend once a year and they're only kinda rich.

TM

Exactly. And the ridiculousness comes with headaches.

[Hank Chinaski]

Originally Posted by Tyrone Slothrop

I'm comparing what you could get compared to zero, which is what you make on rent if you don't rent it.

We don’t drink pop or beer at my house, but lot’s of Pellegrino and the wife drinks gin & tonics. Tonic bottles and Pellegrino bottles both carry a $.10 deposit in Mi. But the wife and I stick the empties in the recycle bin. The $2.00 a week isn’t worth the hassle of storing and returning. Yet an Econ class would say a consumer would return them, why wouldn’t em? Except it’s too much bother. See?