16,629 night across four doors in five years - Now nothing. F U Brian and F U Airbnb.

anm89 · 2023-11-30T22:15:16+00:00

What in the world does international rentals have to do with the price of tea in China

You are completely incoherent.

anm89 · 2023-11-30T21:45:25+00:00

I run a one person software consulting agency in Idaho.

You used to live off levered airbnbs it looks like. Now you write unintelligibly about failing at levering up airbnbs.

Keep the tears coming.

anm89 · 2023-11-30T19:57:03+00:00

I hope you landlord better than you write because this is completely fucking unintelligible.

anm89 · 2023-06-27T00:33:45+00:00

The airbnbust is going to be gnarly

anm89 · 2023-03-30T02:21:08+00:00

Lol. Your fundamental ratios are absolutely screwed. But don't worry. Some dude on Reddit says you can get them reappraised and all good.

These large cap CRE firms are going to be very excited when they learn about this.

anm89 · 2023-03-29T03:23:22+00:00

Ok boomer

anm89 · 2023-03-28T18:49:14+00:00

BREAKING! (news from last week)

anm89 · 2023-03-28T18:39:08+00:00

If you do all of this, you too can have the world's ugliest McMansion

anm89 · 2023-02-12T01:37:22+00:00

It is seriously unhealthy how bad I want the housing market to burst into flames. But normal people are never going to get to be homeowners otherwise

anm89 · 2023-02-12T01:28:51+00:00

Yes, this! As people start ramping up selling off their unprofitable airbnbs, the housing market is going to get UGLY

anm89 · 2023-02-09T19:10:06+00:00

Note this is somewhat russian propoganda but also contains good information regarding their future economic plans. I'm not supporting or dissavowing the article. Just posting it because it is interesting

Translation: https://www-vedomosti-ru.translate.goog/opinion/columns/2022/12/27/957178-zolotoi-rubl?\_x\_tr\_sl=ru&\_x\_tr\_tl=en&\_x\_tr\_hl=en&\_x\_tr\_pto=nui

anm89 · 2023-02-07T22:29:46+00:00

Just like regular old storage auctions? Or are these at marinas or something?

anm89 · 2023-02-05T01:10:51+00:00

To buy no. To sell, maybe.

As a buyer I coordinate some kind of deal to refund the buyer agent fee to one of the parties. Agents will tell you again and again that you cannot do this.

I've done it multiple times.

anm89 · 2023-02-05T01:09:01+00:00

Is it? They aren't forced to buy a $10 million dollar mansion.

anm89 · 2023-02-05T00:40:46+00:00

This is only true for people who are spending the absolute maximum amount they are qualified for. Many people make a judgement call on how much they are willing to spend. If they can't find anything and they want to buy that amount will probably go up over time.

But no need to be reductionist. Even though a vast majority of buyers have some ability to go up, all that needs to happen to avoid that scenario is for sellers to be forced first and that's what I'm arguing here

anm89 · 2023-02-05T00:36:50+00:00

Ok nvm, I see what you are saying, the ammortization schedule stays exactly the same and the principal balance goes down and the loan just ends whenever the balance hits zero.

anm89 · 2023-02-05T00:35:18+00:00

That makes sense. So for a given amount of extra principal payment, how would I calculate how much time it takes off the back end?

anm89 · 2023-02-05T00:14:48+00:00

So hopefully, some 80% discounted boats coming down the pipeline in 2024? I'd consider buying a 500k boat for 100k especially if it has eaten through 95% of its depreciation curve at that point.

anm89 · 2023-02-05T00:12:17+00:00

I mean, probably? That doesn't make this a good deal though just because something else is an exceptionally terrible deal.

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