My in-laws in Vermont tried renting a home they had inherited and was vacant. Being naive and empathetic, they rented to a family who could not pay the deposit and first month's rent but said they would have the money soon when a new job's paycheck started. It took a year to evict them after my in-laws realized they had been duped into the situation that the tenants were well versed in. As soon as they occupied the house, they knew they had a year of free rent, consequence free.
My in-laws never rented it again.
Most tenants are small, with at most a handful of properties. Making it easier to get bad tenants OUT means small time landlords like my in laws are more willing to take a chance on offering a property up for rent, INCREASING the housing supply, not decreasing it.
Vermont marxism sucks.
New Hampshire liberty is awesome.
Choose liberty if you want to prosper.
Tore a muscle in my leg and I was given a walking boot by the Urgent Care. Retail on https://t.co/nNWCAaHs6H is $93.99. Breg sent me a bill charging $425 for the boot. So I called them. I asked how they justify charging me 4x the retail cost for the boot. Then I asked her what they charged customers that are private-pay who do not have insurance. Of course she would not tell me a price.
Not a single medical supply company should be allowed to charge based on insurance coverage. They should be forced to charge the same retail price on websites and Amazon as they do as a third-party supplier providing products to healthcare patients.
@SecKennedy@POTUS please fix this bullshit. Make it ILLEGAL for any company to mark up prices simply because you are in insurance payer, or healthcare patient. It is price gauging and these unethical businesses do not provide prices at the time of purchase and continue to do the “surprise billing” crap.
Talked to a legend that’s been investing in multifamily real estate for 40 years.
I asked him what he thought about this market.
"Oh, it's terrible for acquisitions. Worst market I've seen. If you already own assets, though, it's great. We're at 96% occupancy."
Said the majority of his career he's been buying strong B class deals in good markets at 8-10%+ cap rates on actuals.
Deals were cash flowing 12%+. Even the on-market deals were solid.
Asked if he would consider taking a deal for a lower cash on cash return or if there is any urgency to buy more property?
He said: "Why would anyone invest in a real estate deal unless it pays over 10%? If it's 6% cash flow on interest only debt, that's a terrible deal. Just buy the S&P."
There are 42 states that hold Bartenders and Waiters accountable if the customers they over serve kill someone but 0 states that hold Judges and Parole Boards accountable if the criminals they release kill someone.
Insane.
Ok, here’s my corporate greed call-out of the day.
I was dispatched today for a no-cool call. The indoor unit was running, but the outdoor unit wasn’t.
The system was a 10-year-old Bryant Evolution high-end variable-capacity inverter system. After running the factory diagnostics, I found Code 77, indicating the inverter board was detecting excessive compressor startup current.
Following the manufacturer’s diagnostic procedure, I disconnected the compressor leads to determine whether the fault was in the compressor or the inverter board. The results confirmed the inverter board had failed. The system is only 8 months out of warranty.
At that point, I started preparing myself to tell the customer the repair would probably be around $1,500–$1,900. I figured the board would cost somewhere in the $800–$1,000 range. After all, it’s just a printed circuit board.
Before giving the estimate, I called Carrier Enterprise for pricing.
$8,900.
Not for the entire outdoor unit.
Not for a complete system.
Just the inverter board.
That’s not a typo. $8,900.
In my opinion, this is the definition of engineered obsolescence. There is no reasonable justification for a replacement circuit board on a 10-year-old residential HVAC system to cost nearly nine thousand dollars. At that price, you’re essentially forcing the homeowner to replace the entire system instead of repairing it.
This is exactly why I’ll never sell Carrier equipment. They make decent equipment, but pricing replacement parts like this turns a repairable system into a disposable one. Homeowners deserve better than that.
Carrier Carrier Enterprise or anyone that’s sells this shit, care to elaborate why this board is so expensive?
🎩 Patrick Henning
Buc-ee’s just sued a tiny corner store in Beavercreek, Ohio over a cartoon beaver and its name.
Beaver’s Mini Mart has been sitting in that neighborhood for over two decades. Buc-ee’s opened its first Ohio store this spring.
A multi-billion-dollar Texas chain that builds 74,000 sq ft cathedrals to gas and beef jerky is now trying to crush a mom-and-pop carryout because the city is literally named Beavercreek and the store used… a beaver.
This isn’t trademark protection. This is corporate bullying dressed up as brand defense. They’re burning every ounce of goodwill they spent years manufacturing with clean bathrooms and branded merch.
People who once drove hours for the “Buc-ee’s experience” are now watching a giant pick on the local corner store that was there first.
You don’t get to roll into some place, plant your flag, then demand the locals stop using the animal their town is named after.
I actually liked the business model and things I have heard about Buc-we’d until I saw this. Don’t try to be the beaver that thinks it owns every other beaver.
This is peak corporate insecurity. And it’s ugly. Shame on Buc-ee’s.
This is just a popular paved walking and biking path
There are no cars here, there is no road for cars here
Yet here is a Flock safety camera….
This isn’t being used to read license plates. It’s being used for mass surveillance
Flock is expanding to locations where crime is more likely to occur…. In other words, mass surveillance
New: Police are being told to hide the fact that they're using Flock to pull people over and arrest them in both encounters with citizens but ALSO in their official police reports:
It blows my mind that a 22-year-old contributing $200/month to a Roth IRA will likely out-save a 35-year-old contributing $500/month just for starting 13 years sooner.
In 7th grade we went skiing for a school trip and our bus had one of those. We voted for a movie to watch and the boys were torn between different action comedies while all girls uniformly voted for High School Musical.
That's when I realized that democracy doesn't work