OT: Off-Topic, again.

[BigFatCat999]

Do not live in Pennsylvania or Arizona, then.


I am probably the only one, but feel free to regale us with tales of Baltimore. I am recently gone from there now, but it will entertain me!

B&O railroad museum, National Cryptography Museum. Lots of chill in AC, old friends shooting shit

 

[Porter Stoutheart]

B&O railroad museum, National Cryptography Museum. Lots of chill in AC, old friends shooting shit

I don't even know the cryptography museum! Is that in the NSA area near Greenbelt, or that's actually in Baltimore?

 

[BigFatCat999]

I don't even know the cryptography museum! Is that in the NSA area near Greenbelt, or that's actually in Baltimore?

Ft. Meade. Tiny museum. But learned the NSA's mascot is a squirrel and they sell stress balls in the shape of them!

 

[Viqsi]

I got back from Baltimore and Viqsi did not kill me!

I was counting on the mugginess doing it for me. It would've been the perfect crime.

 

[BigFatCat999]

I was counting on the mugginess doing it for me. It would've been the perfect crime.

It nearly did!

 

[adsfan]

I came out of work today and it smelled like a forest fire!

One day last week, Milwaukee had the third worst air of any city on the planet. Delhi was #1.

Milwaukee has an AQI of 217 (very unhealthy). Waukesha, 15 miles west, is at 319 (hazardous).

We're all going to die!!! (I was going to do some yard work tonight. I guess it can wait.)

 

[BigFatCat999]

I came out of work today and it smelled like a forest fire!

One day last week, Milwaukee had the third worst air of any city on the planet. Delhi was #1.

Milwaukee has an AQI of 217 (very unhealthy). Waukesha, 15 miles west, is at 319 (hazardous).

We're all going to die!!! (I was going to do some yard work tonight. I guess it can wait.)

Smells like Middle TN when they farm the tobacco

 

[PredsV82]

Smells like Middle TN when they farm the tobacco

That's called hanging tobacco

 

[predhead1]

That's called hanging tobacco

My dad grew up on a tobacco farm in NC. Never used tobacco a day in his life - curing tobacco in the South is not a pleasant way to make a living

 

[PredsV82]

Air BnB business is tanking hard, Nashville market #8 nationwide in losses.

Should be good news for housing prices in general because a lot.of these will end up getting dumped on the market

 

[Armourboy]

Considering a ton of those were bought up by freaking Wall Street I hope it dies a million deaths.

 

[triggrman]

In

Air BnB business is tanking hard, Nashville market #8 nationwide in losses.

Should be good news for housing prices in general because a lot.of these will end up getting dumped on the market

j I don’t believe this dude or his source. Everyone I know short term rentals have remained booked at high rates.

Reading through his feed, he’s total doom and gloom in everything

 

[Armourboy]

In

j I don’t believe this dude or his source. Everyone I know short term rentals have remained booked at high rates.

Reading through his feed, he’s total doom and gloom in everything

I dunno I've had enough friends that have had bad experiences with them enough to believe they may be having some issues in some places. Not to mention the number of people that are probably starting to pull back on some vacation stay simply because of not having the money right now. Now depending on location, what kind of rate you are asking for, etc. I could see them not seeing a dip just because it's somewhere the people that are continuing to use it are funneling into.

 

[triggrman]

I dunno I've had enough friends that have had bad experiences with them enough to believe they may be having some issues in some places. Not to mention the number of people that are probably starting to pull back on some vacation stay simply because of not having the money right now. Now depending on location, what kind of rate you are asking for, etc. I could see them not seeing a dip just because it's somewhere the people that are continuing to use it are funneling into.

39% drop would mean a huge hit.

I do think so many high end hotels have opened in Nashville its cut into it some but not 39%

 

[Predsanddead24]

I used to almost exclusively use Airbnb traveling but now I’m back to about 50/50 Airbnb/hotels. When it first started it was significantly cheaper than hotels but now the fees make it roughly the same if not cheaper to stay in a hotel.

There’s also all those people who have bought entire apartment complexes and turned them into Airbnbs which really sucks and I think a lot of people have quit using. Those may be the people disproportionately taking a hit. People renting out the bungalow in the backyard or upstairs apartment are what I personally seek out so they may be doing ok still. All anecdotal of course.

 

[LCPreds]

Considering a ton of those were bought up by freaking Wall Street I hope it dies a million deaths.

Somehow Wall Street is not who typically actually suffers through these things though.

 

[Armourboy]

Somehow Wall Street is not who typically actually suffers through these things though.

In this case it might though. Considering the number of places they were buying up you aren't going to see too many individuals with the capital to do that.

 

[PredsV82]

In this case it might though. Considering the number of places they were buying up you aren't going to see too many individuals with the capital to do that.

Actually the biggest losers are the small investors who bought one or two properties and planned to use them as hotel alternatives rather than long term residential renters.

 

[predhead1]

Actually the biggest losers are the small investors who bought one or two properties and planned to use them as hotel alternatives rather than long term residential renters.

Exactly. The large investors have enough diversification and capital to withstand these fluctuations, and in fact they might actually benefit by snatching up properties on the cheap from the small investors who are getting squeezed on their margins.

 

[Armourboy]

If you got into this deal and can't afford to not have bookings then you didn't have any business getting into it to start with. The dumbest thing you can do with real estate as an individual is buying it on credit and then needing to have rent/bookings just so you don't lose it.

 

[triggrman]

The majority of rentals are purchased with credit. Hell most are financed with ARMs

 

[PredsV82]

The majority of rentals are purchased with credit. Hell most are financed with ARMs

Yeah. Which looked great when the rates were around 2%.... now, commercial loans are around 7%

 

[triggrman]

Yeah. Which looked great when the rates were around 2%.... now, commercial loans are around 7%

Yeah but most have so much equity now, they don’t care

 

[adsfan]

Smells like Middle TN when they farm the tobacco

I could smell the smoke today when leaving work, but it wasn't nearly as strong.

Am I getting used to it?

Poor Canada is burning down, except along the Arctic Circle!

I heard that people from South Africa and Australia came to help. I guess it is winter down there.

 

[FossilFndr]

Somehow Wall Street is not who typically actually suffers through these things though.

Please keep in mind "Wall Street" includes millions of middle income individuals and families with 401 K's who have worked for decades, investing a bit of their hard earned wages instead of spending it on current desires with a hope of providing for a better retirement.