We got back from Florida last week and instead of watching March Madness NCAA Basketball, we are up to our eyeballs in March Madness … Paperwork. It turns out that bills, taxes, and legal work doesn’t go away when you are goofing off in the Sunshine State. All of that paperwork is waiting for you when you get home! We had a large – 24” … Continue reading March Madness … Paperwork
I am learning a lot about being a landlord right now. We bought a townhome in our neighborhood last month as a place to rent to our son. He’s moving into it this weekend and I am trying to quickly figure out what we need to do. Owning a rental townhouse is a lot different than just owning a house. Even in the same neighborhood. … Continue reading Slowly Learning The Landlord Game
Gas prices have gone up more than a $1 a gallon since last June, when I wrote this article about rising gas prices. Prices are up almost $2.25 in the last 18 months (+107%), according to GasBuddy.com tracking. Yikes. Last June, I estimated that each $1/gallon fuel rise was costing me an additional $1.7k/year, so now I guess we are more than double that … … Continue reading What To Do About Gas Prices?
Everywhere you go in Florida, everyone is talking about real estate. It’s really engaging, even when you are just trying to enjoy your vacation. Yesterday we made a few stops on the Parade of Homes near red-hot Sarasota. Even the so-called custom builders are too busy to customize anything right now. They are just building spec homes and then auctioning them off to buyers in … Continue reading Scarce Inventory Boosts Real Estate
People have been trying to work remotely since long before the start of the pandemic. Ever since the first BlackBerry came on the market, folks could search the web, answer their email, or easily text back to the home office from anywhere with cell coverage. As we waste away at Margaritaville this month enjoying our Winter Summerland, I see guys that look like my former … Continue reading Mixing Work & Paradise
If you are working, you might as well take off an hour early on Friday. As you can see from the chart, wage growth is now lagging price inflation. The 2.4 pt gap equals about an hour’s work against a 40 work week. I’m guessing millions of younger workers are coming to the hard realization that wages don’t generally keep up with rapid inflation. Employers … Continue reading Take Off Early On Friday
We met some fellow Minnesotans down here in Florida yesterday. Unlike us, they jumped into investing in a Florida vacation cottage a couple years ago when they first got the urge. They snapped one up when the Margaritaville Orlando resort was relatively new and said they have already seen a couple hundred thousand dollars of appreciation. The colorful cottages are bright, nicely designed, and well-furnished. … Continue reading Investing in Vacationland Paradise
Our Florida ‘Winter Summerland’ escape took a strange twist this weekend. I was at the Rolex 24 Hours of Daytona auto race and saw a random text from someone named ‘Andy’. I looked at it and realized it had something to do with our February month-long AirBNB rental outside of Orlando. Andy was the AirBNB ‘host’ and he said our reservation was immediately CANCELLED “due … Continue reading Homeless in Florida?
The bears are running through the financial media, with the 5% drop in the S&P 500 over the last week. I saw a headline on Friday that one of JP Morgan’s top analysts was predicting a 20% stock market sell-off. Another Wall Street ‘expert’ – John Hussman – believes that we could see a 70% market crash, led by sky-high tech stocks. The issues are … Continue reading Bears Starting To Run?
No story or insights to tell this Friday morning. I just have this simple post (from Reddit) that sums up the real secret of success … that there is no secret! HAVE A GREAT WEEKEND! Image Credit: Pixabay Continue reading Secret of Success?
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