I recall seeing it here quite a bit, after I read the book, but it might have just been common around that time and I didn't notice it before it was burned into my brain.
The key part: "cap rate", or capitalization rate. This is the percentage of the house that is paid for every year, based on net income. So a cap rate of 10% means the house will pay for itself in 10 years; 20% means 5 years, etc. The properties I'm looking at are at least 22% cap rate, some of them close to 30%. Requires a lot of looking, but looking is learning as well.:) And, of course, need a slush fund per property (roof needs replacing every 10-15 years; siding/paint; furnace/boiler/hot water heater; etc). Wish I had gotten into it when I was an Internet millionaire, back in the 90s; still clawing my way back out of debt, but there's light at the end of the train tunnel.
A property management company deals with the "human waste" (double entendre:), and takes 10-12%, so given a good performing property, with management I can keep my day job and still be profitable. Anyway, like the idea on muni bonds as well. Getting old is (sometimes) fun!
I love how people view the pudding as containing some sort of Cracker Jack-like prize. "The proof of the pudding is in the eating." It's not in the pudding.
From what I've studied, just thinking about exercise can increase your muscle mass. I wonder how they can stop him from thinking? (Oh yeah, the "antidepressants.")
Interesting that two recent CIA shows have a "Walker" in it; "Chuck" and "Covert Actions". I at first thought the latter was copying the former; now I see that it is a tribute (of sorts).
Yeah, I just saw a prisoner/guard exchange in my head: guard: "You know, even if your defense fund helps and you get out of jail, I'm still going to come after you and kill you." (Prisoner just stared at the guard.)
and 6-9 hours a week of frolic with the girlfriend.
Please, no ring until the death march is over. See my earlier comment (at the startup I worked at which went public, there were many divorces, just after we went public).
based on talking to other friends at other companies who've already been through this
I'd believe it more if you had said "based on the signed agreement I have with management." I am not knocking you -- I am merely old and wise, been-there-done-that, have the T-shirt to prove it.
Hey guys our company is failing can I convince you to work for a stake in our company
I believe you have nailed it perfectly. But if for some reason you propose this and they agree, this is a sign they know the company is going down in flames and will be worth nothing in under a year.
I think what Peach Rings was saying was that this whole topic is a Slashvertisement. (In other words, the people being convinced is us the potential employees, not the management.) (Interesting, I always thought "con artist" was "confidence" but I suppose "convincing" also works.)
Another aspect to this is that brains are planning machines, and they evaluate both positive and negative plans. It is useful to have a larger set of both positive and negative outcomes to be able to plan better. Videogames, by allowing the "do-over", help to amass this larger set. (In fact, most games, actually most play activity, has a significant learning component, generally due to a similar reason; while you may not get a "do-over" in every game, you are usually alive when the game finishes and can start a new game.)
LOL I remember seeing a (now-dead) famous piano player (forget the name, I was just a kid, my dad was interested) in concert, he mixed humor into his piano playing. I remember him playing one song that "dances around middle C" without actually hitting it, and he commented towards the end, "long time no C" -- so, thanks for wording it that way, and triggering the memory!
"Don't worry, Homer. I have a fool proof strategy to get you out of here: surprise witnesses, each more surprising than the last. I tell you, the judge won't know what hit him!"
That makes about as much sense as "MM vs Mm vs mm are all the same, just use the most common of 1/1000". Bytes and bits are different things! Communications should be precise.
Slashdot Mirror
It all depends on what level of risk is acceptable in your life.
I recall seeing it here quite a bit, after I read the book, but it might have just been common around that time and I didn't notice it before it was burned into my brain.
The key part: "cap rate", or capitalization rate. This is the percentage of the house that is paid for every year, based on net income. So a cap rate of 10% means the house will pay for itself in 10 years; 20% means 5 years, etc. The properties I'm looking at are at least 22% cap rate, some of them close to 30%. Requires a lot of looking, but looking is learning as well. :) And, of course, need a slush fund per property (roof needs replacing every 10-15 years; siding/paint; furnace/boiler/hot water heater; etc). Wish I had gotten into it when I was an Internet millionaire, back in the 90s; still clawing my way back out of debt, but there's light at the end of the train tunnel.
A property management company deals with the "human waste" (double entendre :), and takes 10-12%, so given a good performing property, with management I can keep my day job and still be profitable. Anyway, like the idea on muni bonds as well. Getting old is (sometimes) fun!
LOL think different. ly.
Glad to hear, man. BTW I've always liked your sig. Invest in real estate (rentals, that is).
I love how people view the pudding as containing some sort of Cracker Jack-like prize. "The proof of the pudding is in the eating." It's not in the pudding.
From what I've studied, just thinking about exercise can increase your muscle mass. I wonder how they can stop him from thinking? (Oh yeah, the "antidepressants.")
And becoming even more common, thanks (?) to the mass wildlife deaths.
Interesting that two recent CIA shows have a "Walker" in it; "Chuck" and "Covert Actions". I at first thought the latter was copying the former; now I see that it is a tribute (of sorts).
Yeah, I just saw a prisoner/guard exchange in my head: guard: "You know, even if your defense fund helps and you get out of jail, I'm still going to come after you and kill you." (Prisoner just stared at the guard.)
"All work and no play make Homer something something"
Please, no ring until the death march is over. See my earlier comment (at the startup I worked at which went public, there were many divorces, just after we went public).
I'd believe it more if you had said "based on the signed agreement I have with management." I am not knocking you -- I am merely old and wise, been-there-done-that, have the T-shirt to prove it.
No it isn't.
Hey guys our company is failing can I convince you to work for a stake in our company
I believe you have nailed it perfectly. But if for some reason you propose this and they agree, this is a sign they know the company is going down in flames and will be worth nothing in under a year.
I think what Peach Rings was saying was that this whole topic is a Slashvertisement. (In other words, the people being convinced is us the potential employees, not the management.) (Interesting, I always thought "con artist" was "confidence" but I suppose "convincing" also works.)
I worked for a startup that ended up going public. Lot of divorces after we went public. Be careful.
That's "on the gripping hand", and I fucking hated that book for constantly repeating that.
Another aspect to this is that brains are planning machines, and they evaluate both positive and negative plans. It is useful to have a larger set of both positive and negative outcomes to be able to plan better. Videogames, by allowing the "do-over", help to amass this larger set. (In fact, most games, actually most play activity, has a significant learning component, generally due to a similar reason; while you may not get a "do-over" in every game, you are usually alive when the game finishes and can start a new game.)
Correct, thanks!
LOL I remember seeing a (now-dead) famous piano player (forget the name, I was just a kid, my dad was interested) in concert, he mixed humor into his piano playing. I remember him playing one song that "dances around middle C" without actually hitting it, and he commented towards the end, "long time no C" -- so, thanks for wording it that way, and triggering the memory!
Huh, so shading the frontal lobe is what helps?
"ridiculous grounds?"
"Don't worry, Homer. I have a fool proof strategy to get you out of here: surprise witnesses, each more surprising than the last. I tell you, the judge won't know what hit him!"
(Guard: "Pipe down in there Hutz!")
Uh, no, admit that your professed imprecision is incorrect.
That makes about as much sense as "MM vs Mm vs mm are all the same, just use the most common of 1/1000". Bytes and bits are different things! Communications should be precise.