Trade Wars and Tariffs

[PEPPERJAX]

I haven't seen that one yet but I can imagine.

Cholesterol was another. I now have high cholesterol and I never had it until the last 2 years. My sister has it as well and she is skinny and pretty much eats a very healthy diet that would be opposed to that. The issue that I found out is that they dropped the cholesterol rate down so that more Americans are now under "high cholesterol". They are doing the same stuff with BMI. It is all about $$$. Funny that all my other vitals were perfect. I started eating healthy and went back for checkup and then they noticed no change at all. My doctor then stated that was common and my cholesterol was pretty much on point at my age and my diet wouldn't impact it.

I do think one minor factor is that I drink more beer. Even though I only drink 1 or 2 a day and I don't drink it daily, that probably did play a slight factor but the biggest factor is likely the changes in what is considered high cholesterol.

Food Pyramid is now outdated as well and has been changed. I feel like it changes ever 5-10 years.

In the past, just like the nicotine test, those that didn't meet the BMI requirement had to pay more for company insurance or show that you were on a path with actual results of reducing weight. The company did away with that policy and now just require a doctors note basically saying that the employee is doing everything they can to lose weight without any progress. I know this, the 300 lb. plus ladies in the billing dept that munch on doughnuts all day and smoke newports on break are on a path alright.

 

[appvol]

 

[McDad]

Genuinely, I'd love to see what you charged for rent on a prop in 2019 versus what you charge now and, if it's okay with you, the insurance rates/tax rates in those same timelines.

I know several landlords and the stories vary wildly.

I think 2019 was 1st or 2nd year of new assessments. I average well over $100 per door per month. Most of mine are subject to city and county. I expect those numbers to double with coming assessments.
FMV rent is up about 30 to 50% over the time frame. Of course, there are exceptions. I have one that is double where it was but some of that is due to renovation.
I try to offer a better finished product at or a smidgen below fmv compared to my competition. Once in, I have a annual increase of 3%+/-. My turnover is very low.

 

[PEPPERJAX]

@evillawyer

Pepperjax was worried but it looks like the powerful healing Orange money hand of King Trumpet is going to help us pull through!

 

[McDad]

Not to mention that not everyone who is a landlord bought before 2019. If you bought or built a decent 3BR rental house in the last 4 years, you probably have to charge $2200/mo. just to break even.

In my area there is a price point that is prohibitive. I can rent a 5 br / 3 ba for 2700 a month but the number of folks actively looking for that is incredibly small.
I only have 1 4 br 2 ba in my portfolio. I can only get about 33% more than my 2/1 properties.

 

[Orangeburst]

McDad monitoring his “portfolio” you dont think people volunteer their nudz..

 

[n_huffhines]

Banana republic

 

[Vol737]

30 years in at UPS. When I 1st started driving in the early 2000s I would always get laid off at the beginning of the year. I would bump back into the part time shift to get my 8hrs in. A lot of the new buildings are automated that UPS has built so you don’t need as many part timers working. A lot the layoffs are probably part timers. During Covid we got crazy busy and UPS hired a bunch of drivers then. I’m on pace to make more money than ever this year. On a side note UPS CEO is a idiot that’s never done this job

I would say most of the time that’s the case. Rare to find a CEO that listens to and values the experience(s) and day to day issues/problems of front line employees and how to support them to improve efficiency and process/procedures. Should spend a few days each year alongside some of the frontline employees and see what their daily work challenges are.

 

[SpaceCoastVol]

Not sure if you're being facetious but 100% yes. That applies to every single venture.

It's why we love capitalism.

You can't be serious

 

[SpaceCoastVol]

Someone with an Engineering degree working as a server at Starbucks for example.

Granted, we also have an oversaturation of college graduates and I am not sure the college vetting process is the best but that is how you would define it.

There's really only 1 requirement for college. $$$

 

[mrorange211]

"Since the record low". So good.

 

[volbound1700]

There's really only 1 requirement for college. $$$

I wasn't even talking about vetting to get in but that is a great point, I was talking about the grading of the students in college.

 

[appvol]

"Since the record low". So good.

I can’t remember what was the Stock Market at when Trump won in 2016.

 

[DinkinFlicka]

You can't be serious

Buy the ticket, take the ride.

If one loses on an investment they consciously chose to make, it's their fault. If they win, it's their credit to take.

Do you subscribe to "you didn't build that?"

 

[SpaceCoastVol]

Buy the ticket, take the ride.

If one loses on an investment they consciously chose to make, it's their fault. If they win, it's their credit to take.

Do you subscribe to "you didn't build that?"

Not at all. Maybe I misunderstood what you were saying. It sounded like you were essentially saying that a lessor owed it to 'you' to provide housing even at a loss.

 

[NorthDallas40]

"Since the record low". So good.

It was an inevitable narrative. Nevermind that the idiocy that was April tariffs should never have happened in the first place which presented the “opportunity” for the 700 point climb

 

[DinkinFlicka]

Not at all. Maybe I misunderstood what you were saying. It sounded like you were essentially saying that a lessor owed it to 'you' to provide housing even at a loss.

You misunderstood what I was saying.

My disdain for landlords is still far outweighed by my disdain for people who knowingly take or use something for which they have no intention of paying.

 

[volbound1700]

 

[volbound1700]

Different take. Not sure if this guy is right but it is interesting to see someone bring facts from a different perspective:

 

[appvol]

"Since the record low". So good.

 

[Vol737]

Different take. Not sure if this guy is right but it is interesting to see someone bring facts from a different perspective:

Good synopsis. We'll see how it goes. If nothing else, our tariffs are compounding the problems China already has. Ole General Neyland might say, "...put on more steam!" The sooner we diversify our mfg across more countries that are US friendly and out of China, the better off we will be.

 

[Vol737]

It's been a nice rebound. Glad I didn't flinch and instead bought more of what I owned on the lows of the pull back. Too bad, EL was counting on investors getting wiped out. She was almost giddy about the prospects.

 

[mrorange211]

It's been a nice rebound. Glad I didn't flinch and instead bought more of what I owned on the lows of the pull back. Too bad, EL was counting on investors getting wiped out. She was almost giddy about the prospects.

DCA is a beautiful thing

 

[KB5252]

Query: did Trump at the beginning of the tariff process understand that when he imposes a tariff against China it's the American people that pay it, not China.

I genuinely think he may not have.

There's more to it than that. The effect on China is real. They have container ships sitting empty, ports running skeleton crews.

There is an effect here for sure. And people are feeling it. Butt China is really feeling it at the moment.

I think there was a better way to negotiate the trade gaps but it would have taken a long time. Trump for better or worse is taking the shock and awe approach.

 

[Vol737]

DCA is a beautiful thing

It is. Took me a while to learn patience and discipline in investing, but definitely pays off.