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  #81  
Old Posted Aug 15, 2019, 1:54 AM
jtown,man jtown,man is offline
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Quote:
Originally Posted by Engineerding View Post
Didn’t toysrus fail due to some financial games, played by the owners?


Yes. Yes it did.


And apartments going empty, isn’t it better to have it empty, deducting those losses on your taxes, than lowering the rent, which lowers its value, possibly putting you in trouble with your loan on it?
I don't think deducting loses on one of your two rentals with my dads income would make sense. 1,800 a month is a lot to lose. Period.
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  #82  
Old Posted Aug 15, 2019, 3:48 AM
Engineerding Engineerding is offline
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Does he rent them directly, or did he set up a llc to “own” the units?
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  #83  
Old Posted Aug 15, 2019, 1:29 PM
jtown,man jtown,man is offline
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Originally Posted by Engineerding View Post
Does he rent them directly, or did he set up a llc to “own” the units?
Directly. He became a landlord by accident.
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  #84  
Old Posted Aug 15, 2019, 2:44 PM
Engineerding Engineerding is offline
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Ah I see. My info comes from when I was renting a failed development after the crash in bucktown for 2 years.It was bank owned at that point, and the guy managing it walked me through some of the typical scenarios.
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  #85  
Old Posted Aug 15, 2019, 3:27 PM
Vlajos Vlajos is offline
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No, I love cooking. The kitchen is the single most important room to me.
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  #86  
Old Posted Aug 16, 2019, 11:53 AM
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Inkdaub Inkdaub is offline
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I have appliances but no kitchen.
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  #87  
Old Posted Aug 16, 2019, 3:34 PM
Londonee Londonee is offline
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Originally Posted by Sun Belt View Post
Because normal people don't eat out for breakfast lunch and dinner, 7 days/week, 52 weeks/year [even if their employer provides a lunch room cafeteria].
My brother works at Google. It's not a "lunchroom cafeteria." It's a large, gourmet, multi-faceted, chef driven operation with dozens of options prepared each day. The ambiance is hip, industrial, sophistication. There's even a ramen bar. He can eat 3 different healthy meals there each day if he chose (though many techies are adopting my decades long strategy of intermittent fasting). This is not uncommon in big tech.

Anyways, surprised larger mention hasn't been made to the Co-Living trend we're seeing that's expanding around the world. Effectively a large bedroom - and sometimes a bathroom - but all other spaces like the kitchen are shared. Basically the Wework of living.

https://www.inquirer.com/real-estate...-20190323.html
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  #88  
Old Posted Aug 16, 2019, 3:39 PM
Crawford Crawford is online now
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Quote:
Originally Posted by Londonee View Post
My brother works at Google. It's not a "lunchroom cafeteria." It's a large, gourmet, multi-faceted, chef driven operation with dozens of options prepared each day. The ambiance is hip, industrial, sophistication. There's even a ramen bar. He can eat 3 different healthy meals there each day if he chose (though many techies are adopting my decades long strategy of intermittent fasting). This is not uncommon in big tech.
And in investment banking. I worked at Credit Suisse, and JP Morgan, and barely cooked a meal in years. We had extensive in-house food options, dinners (from any restaurant) were generally covered, there was almost always breakfast, we had a well-stocked pantry for snacking, and there are so many in-house catered functions that there would always be food present.

I think we got $25 for dinner, but it was really unlimited, because we would pool our dinner orders and our managers would cover any overages. And this was 15-20 years ago. So we could order from fancy steakhouses every single night, seven days a week, in theory. Obviously, the point is the employer wants to keep you working.
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  #89  
Old Posted Aug 17, 2019, 3:42 AM
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Sun Belt Sun Belt is offline
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Again, you guys are talking about .1% of the overall adult population. They do exist, nobody is denying that, but it's not what we call normal. Most working adults want to have a kitchen to be able to store food and cook it while at home.
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  #90  
Old Posted Aug 17, 2019, 4:10 PM
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pdxtex pdxtex is offline
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nope. but a tiny kitchen is fine. i have a dishwasher for the first time since the 90s though! things are looking up..
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Portland!! Where young people go to retire.
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  #91  
Old Posted Aug 23, 2019, 3:53 AM
brucepf brucepf is offline
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No way. Heck I wouldn't live anywhere that I couldn't have a gas grill,
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