As far as """""conspiracy theories""""" go, the umm, non-conspiracy theory (?) on this one is starting to sound like chemtrails and Qanon.
...New York federal prosecutors charged Thomas and Noel with creating false records and conspiracy. The two guards admitted to falsifying records to make it seem as if they had conducted the required checks on Epstein's cell on the night of his death. However, video footage showed that Epstein had been left unwatched in his cell for eight hours before being discovered dead the following morning.
At this point, regarding the "Epstein killed himself" line, I think The Babylon Bee put it best:
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So we return to piss off all the crypto people as much as possible.
But please understand, we're no shills for the Federal Reserve or anything like that. But after the Cryptopolapyse or Cryptmaggedon or whatever you want to call it, it's clear the volatility around cryptocurrencies is waaaaaaaayyyyyyyyy too high for it to be anything close to a currency. And while blockchain technology is awesome and could revolutionize accounting and contracts among other things, that doesn't mean Bitcoin (or any altcoins)have inherent value. And while the dollar doesn't have inherent value, it does have the violence of the American government backing it. And that will make people accept it's worth.
Previous Episodes
-How to Positively Resolve Tenant Disputes (Property Management) -How to Manage Collections and Delinquency - A Guide to Due Diligence for Buying Houses - How to Find Banks for Your Investment Properties - A Crash Course on Building a Buy and Hold Real Estate Business - Is the Economy on the Edge of a Cliff??? How Should Real Estate Investors Respond? - An Introduction Into Buying Portfolios -Why Buy and Hold is So Powerful - In-House or Outhouse Management - Moving to California? - Doing Maintenance Right - Should You Accept Pets in Your Rentals? - Grading Real Estate Calculations - Why Real Estate Depreciation Can Make You Money - All the Ways You Can Finance Buy and Hold - Inflation is Already Her - Why is Lumber so Expensive? - How to Invest Out-Of-State (if you must) New BiggerPockets Article: What Expectations Should Landlords Establish for Tenants With Pets?5/24/2021
My new article for BiggerPockets is up and asks (as well as answers) the pets question every real estate investor and landlord has,
There is no hard rule for this, but generally speaking, you should always accept pets in houses. One of the major reasons people choose to rent houses over apartments is because they want to bring Rex and Felix along with them.
Americans lover their pets, so you need to make accomodations if you want to rent to Americans. Of course, there are scenarios you shouldn't allow pets in and rules you should have as well as pet rent you should charge.
The article was supposed to have our video on the same topic from our YouTube channel, but apparently BiggerPockets changed their policies again. Here it is for those interested:
Regardless, please check the article out here.
I have started writing again for The Data Driven Investor and have a few new pieces you should check out:
- Why Investors Should Consider Buy and Hold Real Estate Which features our video on that topic as well. And also: - How to Find Banks to Refinance Single Family Investment Properties Which also features a video. Check them out on either DataDrivenInvestor.com or their Medium page. As I previously noted, it's appearing more and more likely the Covid-19 slipped out of a lab. In addition, more and more evidence is coming out showing the lockdowns didn't work. (There have been quite a few studies saying the same thing. This one compares the lockdowns of different states. Yes, the states that were hit harder had bigger lockdowns (generally), but the studies above looked at that and didn't find any evidence lockdowns were effective. And even if they were, they would have to be effective ENOUGH to make up for all the economic and mental health damage they caused. A small improvement isn't worth the cost. In hindsight, this shouldn't have been surprising. Perhaps doing what China did and turning Wuhan into a prison "works" but what we did doesn't. On the other hand, what we did likely made things worse. For example: - Vitamin D deficiency found in 80% of Covid patients (and being locked down isn't a good way to get sun). - Lack of physical exercise likely increases mortality from Covid. - Obesity increases mortality (and what did we have to do other than sit around and eat bon bons?). And it turns out the catching Covid outside is very rare so the more time inside means, well more Covid. Then, of course, there was the nursing home debacales. Indeed, since about one third of those who died in 2020 from Covid were in nursing homes, and the median age of death from Covid is in the late 70s, a targeted approach was called for. Indeed, the broad approach probably prevented a targeted approach which would have included safeguarding the elderly and cancelling large events for a few months and then just being more cautious and telling people to wash their hands more and the like. Had we done that, we probably would have had less deaths from Covid (or at least not more) without nuking the economy and sending deaths of despair spiraling out of control. One last point to counter an argument I've seen: The lockdowns did not fail because Americans ignored them. Americans have certainly (and rightfully) grown tired of them. But at the beginning, mobile device location data showed a huge reduction in how much people moved around (although the vast majority of the drop was voluntary and before the stay at home orders). So it's clear the lockdowns failed and it wasn't for a lack of trying. There will be another pandemic like this one, I certainly hope we don't make the same mistakes.
Investing out of state is not something I would recommend to most people. It can be quite risky and I've seen several people lose a lot of money doing it. Some of them buy in bad areas, some of them buy bad properties, some of them buy with bad operators and some of them do all of the above.
Sure, I've seen people do well with it. But it's not the passive investment many would think it should be. You need to do it right. So if you live in one of those really expensive coastal towns and want to risk it, in this video, my brother Phillip and I explain how you should go about. (Hint: Very carefully.)
Previous Episodes
-How to Positively Resolve Tenant Disputes (Property Management) -How to Manage Collections and Delinquency - A Guide to Due Diligence for Buying Houses - How to Find Banks for Your Investment Properties - A Crash Course on Building a Buy and Hold Real Estate Business - Is the Economy on the Edge of a Cliff??? How Should Real Estate Investors Respond? - An Introduction Into Buying Portfolios -Why Buy and Hold is So Powerful - In-House or Outhouse Management - Moving to California? - Doing Maintenance Right - Should You Accept Pets in Your Rentals? - Grading Real Estate Calculations - Why Real Estate Depreciation Can Make You Money - All the Ways You Can Finance Buy and Hold - Inflation is Already Her - Why is Lumber so Expensive? Former New York Times science writer Nicholas Wade makes a pretty damn compelling case that Covid-19 (accidentally) slipped out of a lab in Wuhan. I think I'm (mostly) convinced. Regardless, gain-of-function research is insane. As Wade notes, "It’s documented that researchers at the Wuhan Institute of Virology were doing gain-of-function experiments designed to make coronaviruses infect human cells and humanized mice. This is exactly the kind of experiment from which a SARS2-like virus could have emerged. The researchers were not vaccinated against the viruses under study, and they were working in the minimal safety conditions of a BSL2 laboratory. So escape of a virus would not be at all surprising. In all of China, the pandemic broke out on the doorstep of the Wuhan institute. The virus was already well adapted to humans, as expected for a virus grown in humanized mice. It possessed an unusual enhancement, a furin cleavage site, which is not possessed by any other known SARS-related beta-coronavirus, and this site included a double arginine codon also unknown among beta-coronaviruses. What more evidence could you want, aside from the presently unobtainable lab records documenting SARS2’s creation? Hopefully we can learn a few things from this mess. For starters, lockdowns don't work (other than in making big business bigger). And regardless of where the virus came from, we should ban both gain-of-function research and wet markets.
My new article for KC Source Link is up, which discusses how to build the foundation of any new entrepreneurial venture. The foundation (i.e. policies, systems, etc.) are what growth is built on. To highlight this, I discuss my friend Paul Worcester's new technology-based property management company Simplifyy. Despite considerable success during his time at Worcester Investments, Paul still found himself constantly thinking, “There ought to be a better way to operate a multifamily property.” But this kind of thinking is what so often leads to dramatic innovation. As Paul said:
Well, it turns out supply and demand are undefeated.
Building has been slow even all the way back since the Great Recession of 2008. But it really slowed down during the pandemic at the same time many lumber mills shut down. For example, here's a chart of housing starts over the past few decades. Look at the dip during the pandemic:
Now that pent up demand has sent demand for housing and construction skyrocketing while many lumber mills are not fully operational. Thus, the price is spiraling out of control.
Phillip and I explain it more inthis video for our YouTube channel:
Previous Episodes
-How to Positively Resolve Tenant Disputes (Property Management) -How to Manage Collections and Delinquency - A Guide to Due Diligence for Buying Houses - How to Find Banks for Your Investment Properties - A Crash Course on Building a Buy and Hold Real Estate Business - Is the Economy on the Edge of a Cliff??? How Should Real Estate Investors Respond? - An Introduction Into Buying Portfolios -Why Buy and Hold is So Powerful - In-House or Outhouse Management - Moving to California? - Doing Maintenance Right - Should You Accept Pets in Your Rentals? - Grading Real Estate Calculations - Why Real Estate Depreciation Can Make You Money - All the Ways You Can Finance Buy and Hold - Inflation is Already Here So I looked a my account this morning and saw that Dogecoin was up a cool 56 percent in one day! Indeed, Dogecoin (which was literally started as a meme to make fun of cryptocurrencies) has just skyrocketed over the last few months. I should have gotten in earlier (I thought about it when Elon Musk tweeted about it). Just look at this chart. There are Dogecoin millionaires right now who put in just a few thousand dollars when it was a fraction of a penny. Even still, I've more than doubled my money in about two weeks. So I shouldn't complain just because I didn't get in earlier and didn't put more in. (You are never happy when day trading or speculating; either you lose money, miss out on an opportunity or kick yourself for not putting in more earlier.)
All things considered though, current mood: |
Andrew Syrios"Every day is a new life to the wise man." Archives
November 2022
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