fishythepete

fishythepete t1_je67xpj wrote

>they have a direct flight when PVD doesn't

This is pretty much going to be the case for most flights to a non-hub city. It’s 7-10 hours to get to Dallas from PVD. It’s 6 going from Logan which makes a day trip possible. You also don’t blow a day of travel if you have an issue with a connection - if your outbound flight is cancelled you have a more productive day and at least will be able to call into a meeting.

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fishythepete t1_je61rtp wrote

>False inventory is down because nobody is selling

it looks better than it did this time last year relative to demand.

Bolded it for you to help you figure out what you missed. Inventory changes don’t happen in a vacuum. They happen against a backdrop of changes like rising interest rates and economic concerns.

>the prices of all my properties have increased from last year

Congrats, you had the good luck to live close to a few major markets and not bumfuck Indiana. The median existing-home sales price was down 0.2% to $363,000 in February compared to a year ago. This is the first drop that has happened in 11 years. If you think it is an isolated event, you might want to chart some NAR data, because you clearly can’t see which way the wind is blowing.

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fishythepete t1_je3u1b9 wrote

So sales are down 20% from this time last year, so mark that down on the demand side.

Consider that the jump in interest rates over the last 9 months means that your mortgage and interest expense (ie the bulk of your mortgage payment) has almost doubled for homes priced the same. I.e. buying a $400,000 home today costs you about 80% more than it did a year ago. And home prices haven’t stayed flat either. The cost to own a given home is > 2.5-3X today what it was 3 years ago. But hey maybe demand is unlimited no matter the cost.

Simple though right 🙄

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fishythepete t1_je3iib2 wrote

Please tell me more about how rising interest rates and a looming recession is going to drive sales prices further upwards, oh wise one. My only frame of reference is the housing market following 2008 financial crisis, and the accidental rental properties I picked up back then. Clearly since you’re calling me a “sweet summer child” you have some vast and valuable experience you’d like to share?

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fishythepete t1_jdxnrb7 wrote

>Except for the part where you don't get paid to go solar. I don't get paid. You pay for panels, you get electricity.

What a silly argument. It’s like saying I don’t get paid for work. My employer puts money in the bank, and I get to use it.

I bought my system outright, but if I had financed it over 6 years, I would have saved a little money every month, and then stopped paying anything for electricity after 6 years. If you are net cash flow positive with no upfront investment, you are getting paid, and that’s what solar is for most people with a decent sunroof.

>Your argument is people should be free to decide to do what they want. If they want panels, buy em. If they want lead paint, buy it. If not, don't. Same logic.

My argument is people have a strong financial incentive to do this already. Less so with heroin and lead paint.

I have seen more solar panels go up in the last 3 years than I have in my life until then, and I am middle aged. The incentives are there, and working. Given our legislators and those who will need to implement this law have limited resources, maybe those resources would be better directed at solving a problem that wasn’t already solving itself before some kind savior from Barrington decided we needed her enlightened wisdom.

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fishythepete t1_jdxjumw wrote

Cool story. Site isn’t suitable for solar? You’re going to need a variance. That takes time. There’s also a huge difference between the time it takes to get a single job done, and how that job impacts a construction schedule. Blew your install date because roofers didn’t start on time? It’s not gonna be two days once the roof is done. And that’s before even considering the rest of the bill. Don’t plan on buying an EV? Too bad - garage has to be wired for charging.

Again - the financial case is there. You don’t need a law. Educate consumers, and maybe solar companies could get some sales folks who aren’t total shysters.

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fishythepete t1_jdvxf7z wrote

No, it’s not. This is going to make homes take longer to build, and it’s going to make the purchase price higher (even if the ownership cost is neutral, the bank doesn’t care that you’re saving money on your electric bill when they’re underwriting the loan). Neither of those are good things when there is a housing crisis, or in general. If solar power is a slam dunk financially, you don’t need to pass a law to get it built. You need to educate consumers.

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fishythepete t1_jdnon1p wrote

Blockbuster passed up a chance to buy Netflix. A lot of commercial real estate owners probably think now that COVID is “over”things are going to go back to “normal.” I may not have a crystal ball, but I think the odds of things ever going back to people working in downtown offices five days a week are over for good.

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fishythepete t1_jdnkf2g wrote

>If that was their bill the mall would close down and suddenly the yearly payment would be $0/year in taxes

  1. That’s not how property taxes work

  2. If having to pay taxes at the same rate as every other business makes the mall non-viable, maybe it’s time for a viable business to take its place.

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