How so? I use them like once a year and not in ski townsQuote:
Originally Posted by Supermoon
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How so? I use them like once a year and not in ski townsQuote:
Originally Posted by Supermoon
They have been doing that for awhile. I like what they did with the old hotel by Mile High.Quote:
Originally Posted by yeahman
The ridiculous cleaning fees and checkout procedures, inflated prices, cancellations close to your trip dates without any help rebooking, and bunch of other small annoyances. For me it's almost always easier and cheaper to get a hotel unless it's a big group.Quote:
Originally Posted by summit
Quote:
Originally Posted by summit
Yeah, so it seems strange to me that these large hotels in San Fran are defaulting on their debt instead of converting to residential.Quote:
Originally Posted by mud
I can't imagine what the ROI on converting a place in SF would be, I bet it would be decades, if ever before they saw a profit.
LOLQuote:
Originally Posted by Jax
I would guess that 50% of the van buyers have some fantasy in their head about how awesome van life is then they try it out with that 200k investment and realize it's not for them
just like rvs and travel trailers they just sit around mostly unused
specially when you have kids of course Dad is all like "me and my rad family gonna camp" but the kids want to play sports and mom doesn't want to drop a duce a few feet from where she lays her head
heloc like wtfQuote:
Originally Posted by AdironRider
house is a piggy bank
yeah I see that causing some issues
specially if property values take a 20% haircut in the next 12 months
I think the realtor jumped the gun in posting this listing.
https://uploads.tapatalk-cdn.com/202...8105117151.jpg
A few minutes later it had been replaced with real photos.
Those variable interest rates hitting folks hard huh? 20 year RV loans? Or are these people cashing out on home builds?Quote:
Originally Posted by Jax
Maybe they paid for a van with a HELOC? Maybe they planned on owning it for a short time? Maybe Lumburg called them back to the office? Maybe their Crypto got crushed? Maybe their STR(s) isn't doing so good.Quote:
Originally Posted by simple
Even smart people do dumb shit with money. Keeping up with the Jones' has gone next level with the socials. You really don't know who's really got the cheddar and who's just holding on.
My parents tried to teach me early on to NEVER purchase anything you don’t absolutely need on credit if you can help it.
My CPA wife did teach me that there are some exceptions, but those lessons were later in life.
(Mortgages, arbitrage, 0 percent financing, etc).
I generally feel sorry for the people you see with all of the toys that you know they owe on, but some folks can’t see a more prosperous future, (or crushing depreciation) so they are living for the experiential now, consequences be damned.
Lots of money to be made in the lending business.
^^ interesting graphs
and there is no bubble to be popped? somebody is smoking dope
I'm going to smoke a bowl and go for a ride been just a bit high strung this week
maybe I need to sell now before it really pops I really could use a million in equity to pay off my credit cards
Fun Fact: Your credit card debt dies with you.
Double secret Fun Fact: Medical collections don't count against you when buying a home.
Surely there must be safeguards against people with terminal illnesses racking up big debts buying things for surviving family/friends, or suicide?
Seems like death is a big enough punishment for those crimesQuote:
Originally Posted by rideit
Well, your estate (if any) gets hit for it, but not your heirs. No estate, then it does die.Quote:
Originally Posted by mud
https://www.consumerfinance.gov/ask-...e%20who%20died.
So, I guess rack it up in excess of what you’re leaving behind.
It's all insured with service fees, when you pay by credit card you are paying the POS 3% which covers their profit, costs, and loss.
Technically the business pays that and the percentage varies depending on a few factors, but yeah, you are on the right track.Quote:
Originally Posted by mud
Jared Isaacman isn't taking trips to space because he is losing money.
Didn’t know where to put this but check out the barn.
https://www.zillow.com/homedetails/7...ource=txtshare
Those laminated trusses are beautiful and amazing
Viewshed? Whoever wrote that needs to die in a fire.
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The upstate thread?Quote:
Originally Posted by ötzi
IDK, the wife and I are renting a condo in Park City this weekend for a bit over $200/night all-in. Nice location, full kitchen, tons of space, private hot tub, garage to stash the bikes. Granted that it's still kind of the shoulder season, but most PC hotels are $200+/night for just a room.Quote:
Originally Posted by Supermoon
nice man! that's awesome!! i wanna do a staycation like that, that sounds sweet!Quote:
Originally Posted by Dantheman
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Yeah. I think this situation is where STR really shines.Quote:
Originally Posted by Dantheman
I just spent two weeks in Europe and we got one of the apart-hotel rooms and that I think is a sweet spot. Space and features of a condo, amenities of a hotel. It was basically the same price or cheaper than the similar airbnbs. Wish they had more of those in the US.
that place is going to cause angst in the upstate thread. To a New Yorker it is surely upstate, but to the real upstaters???Quote:
Originally Posted by spanky
"Does it have a view?"Quote:
Originally Posted by Skistack
"Well, that there is the shed..."
Exactly why I recommended there!Quote:
Originally Posted by Danno
how do you even make post/truss like that? amazing.Quote:
Originally Posted by Vt-Freeheel
Bit overpriced.
https://pexp.housecanary.com/shared-...d82140cc2a981a
Aren't they insane? Unreal.Quote:
Originally Posted by Vt-Freeheel
No ski tuning bench. No bike shop. What a dump.Quote:
Originally Posted by ötzi
Did you not live in the West in 2008-2012? We certainly saw all that in Teton Valley.Quote:
Originally Posted by altasnob
Word. 2009-12 was...interesting.
Dominoes falling in San Fran.
https://www.bloomberg.com/news/artic...y?srnd=premium
Quote:
The owners of the Westfield San Francisco Centre mall are giving up the property to lenders, adding to deepening real estate pain in a city struggling to bring back workers and tourists after the pandemic.
The mall, co-owned by Unibail-Rodamco-Westfield and Brookfield Corp., has $558 million in outstanding mortgage debt. Management will be turned over to a receiver.
When was the last time any of you went to a mall. Malls have been tanking for over a decade.
LOL - My in-laws had a 2nd home not too far from Millerton. Nice area if you want to get away from things.Quote:
Originally Posted by mud
It's probably been at least 6 years. I have to really think about it, but I can't recall going to a mall in a very, very long time. In fact, while I am trying to think of the last time I went to a mall, I'm getting nothing...Quote:
Originally Posted by Name Redacted
yep, Mall owners have been struggling for years even before the pandemic. They thought they could be bailed out by turning the empty big box stores (Macys, JC Penny, etc) into Amazon/Target fullfillment wharehouses but that market is crashing too. What will happen, IMO, is the malls will turn into big mixed use developments, and its up to the mall owners if they want to play developer or sell to a developer.Quote:
Originally Posted by Name Redacted