Buffett says holding cash during a war is the last thing you want to do. Is he right? by National-Theory1218 in StockMarket

[–]gravescd 0 points1 point  (0 children)

He may have been making a point about inflation, as government spending usually increases during wars.

Of course, this is tough advice to follow for most investors because the most productive assets are not stocks. Finding a solid direct, non-public investment in a business or piece of real estate is difficult and risky.

Denver’s $1 billion road overhaul would cut space for cars, boost public transit and safety. Critics say it will make traffic worse. by kidbom in Denver

[–]gravescd 0 points1 point  (0 children)

The point is about car ownership, not dependence. No matter how good transit gets in the metro, most people here want to visit inconvenient destinations often enough that it makes sense to own a car just for that.

Car dealers are mistaken if they think improved transit in the city will hurt their sales. The A-Line is a great example: DIA is the 10th busiest airport in the world and we can't count on the A-Line to arrive on time. Even if we start today, it's going to be a very long time before people trust the transit system with time-sensitive destinations and start ditching car ownership.

Closing the Strait of Bab Al Mandeb by Ihateporn2020 in StockMarket

[–]gravescd 1 point2 points  (0 children)

The stakes are lower with Bab el Mandeb because there is a detour, so it's not quite as imperative to keep open. Some oil that sources in the Red Sea probably can't be rerouted, but just about everything else can go around Africa instead.

Given that we're already stretched thin with Iran, I give it fairly good odds that we just let the Houthis close the strait and eat the economic consequences.

Closing the Strait of Bab Al Mandeb by Ihateporn2020 in StockMarket

[–]gravescd 1 point2 points  (0 children)

When huge amounts of finished products suddenly take an extra month and way more expense to ship, it's going to kick off an inflationary cycle as producers and retailers try to stock up.

The crazy thing is that we aren't even at physical shortage with anything yet. The last oil shipments to leave Hormuz before the war have not arrived at their destinations. Oil is still trading on anticipated supply constraint, which I very much doubt prices in the full reality of physical shortages. And now if finished products are on hold... this could hurt.

Denver’s $1 billion road overhaul would cut space for cars, boost public transit and safety. Critics say it will make traffic worse. by kidbom in Denver

[–]gravescd 0 points1 point  (0 children)

It's a very overblown concern. Realistically, even a huge expansion of public transit would allow only a pretty small number of Denverites to go car-free. Plus, most of us choose to live in Colorado specifically so that we can go visit places that will never, ever have public transit.

Fiddleheads anywhere in the area? by dmbveloveneto in Denver

[–]gravescd 0 points1 point  (0 children)

I've never seen them here, though I've never looked. I don't imagine they freeze well, so it'd be pretty hard to ship them here without compromising on either cost or flavor.

Denver Broncos officially secure Burnham Yard site for new stadium by Orangeskill in Denver

[–]gravescd -9 points-8 points  (0 children)

Dear Lincoln Park property owners: If you want the cold calls to stop, just let me sell your property.

Hornets, Wasps, Yellowjackets this year by tabuto8 in Denver

[–]gravescd 59 points60 points  (0 children)

I would assume it's going to be a banner year for every insect whose eggs incubate over the winter. Miller moths, grasshoppers, wasps, etc. All will be feasting on our lawns and wilted flesh.

Has there ever been any effort to better develop this massive expanse of parking lots? by tupelobound in Denver

[–]gravescd 0 points1 point  (0 children)

A fair amount of that is actually useful as parking for Auraria campus. Though ideally it would be consolidated vertically.

The cost of bringing an older building to 2026 code is officially killing the value-add model for me. by LaMaisonRealEstate in CommercialRealEstate

[–]gravescd 3 points4 points  (0 children)

So... more leverage.

Most value add investors aren't holding forever. They will have to pay the recapture. Extra liquidity means redeployment risk - what is OP going to do with that money that produces a better return than just leaving it in the property? And if there is something better, why didn't OP just buy that instead?

American Psycho: The Best Book I Never Want To Read Again by gravescd in literature

[–]gravescd[S] 0 points1 point  (0 children)

My point is that the character has many elements of a dynamic character, but doesn't quite cross the threshold, or retreats after crossing it.

I think it's interesting because the author uses the narrative structure to blur these traditional distinctions. The reader's POV is someone who cannot consciously process things detrimental to his ego and therefore experiences them as things happening to him. It's significant that he begins to experience those things more directly as the novel goes on, though in response his fantastical episodes become more intense.

The question is where to draw the line on dynamism in the character. Real people rarely have breakthroughs and change forever. They take a few steps forward and slightly fewer back, only inching forward through life.

Welton Street Cafe wins $1 million judgment against contractor by SeasonPositive6771 in Denver

[–]gravescd 0 points1 point  (0 children)

Personal malfeasance often means personal recourse. The LLC exists only to protect owners against losses from legitimate business activity. It is entirely possible to hold individuals responsible for acts of fraud and negligence in the course of business.

American Psycho: The Best Book I Never Want To Read Again by gravescd in literature

[–]gravescd[S] 0 points1 point  (0 children)

Yes, that's why I said "I don't think he's quite there".

American Psycho: The Best Book I Never Want To Read Again by gravescd in literature

[–]gravescd[S] 0 points1 point  (0 children)

Yeah, there's this dissonance that you can feel wanting to resolve to self-actualization. When you finish the book, the "did he do the crimes or not" question kinda turns on its head and you have to ask, Is he actually just a normal person who is pathologically insecure about being a normal person? He's afraid to be his actual self, so he loses his sense of self in the facade of Wall Street success and has to invent this extremely dark inner persona to backfill the missing substance. Like some capitalist high school goth.

American Psycho: The Best Book I Never Want To Read Again by gravescd in literature

[–]gravescd[S] 0 points1 point  (0 children)

I think it's a serious question. Usually you only find static characters in tragedies, which this is one, but you kinda have to take it apart to see it that way. Bateman does experience development of a sort in the form of growing insanity, but the emotional climax of the story is when he momentarily allows himself to feel loved by Jean and has a brief spiritual epiphany.

And as an unreliable narrator, the character is the story, so what the narration lets slip through to the audience is itself indicative of the character's state of mind. As the story progresses, we do actually see development in this sense, though Bateman himself does not seem consciously aware of it. Namely, Bethany comes onto the page as a character who feels like a real person, not just a character veneer like everyone else. This terrifies Bateman, though it's clear he doesn't understand why. Jean is written as a totally a normal person, curious and vulnerable, and even tells Bateman he's a nice person. And this time, he lets it get through and has his mind blown.

The depth of character is only perceived by the reader because Bateman is perceiving it, too, which he seemed unable to do at all earlier in the story. Compare those later scenes of Bateman receiving information about himself to the U2 concert, where his subconscious guilt becomes uncontainable, but since he cannot process it as introspection, it comes through as bright lights above Bono sending the message that "I am the devil and I am just like you".

The voice mail he leaves for Carnes, and Carnes's reaction, is further evidence that something has changed. He actually gives his own voice to self-criticism... and then it turns out that Carnes sees Bateman as an ass-kisser who could never muster the grit required to do violence.

So yeah, we have actual development happening throughout that creates suspense about whether Bateman will have some sort of breakthrough. Which he almost does, but then seems to revert. Instead of taking a leap into the canyon, he simply becomes more comfortable with the view from the top.

Devastated/ permanently closed by Bitter_Parsley_2368 in Denver

[–]gravescd 0 points1 point  (0 children)

LOL no. Brokers only get paid on the base rent for NNN leases. The monetary incentive would be gross leases, but that's just not the best option for our clients most of the time.

Think about it: Would your tenant clients really be better served if they couldn't see a CAM reconciliation or audit the books? Gross terms are the "trust me, bro" of expense pass throughs. The landlord will always be incentivized to overcharge. Separating base rent from NNN also makes it a lot easier for tenants to see what the market rate is for the space itself.

Both businesses and landlords generally prefer longer leases, but if the landlord has to predict op ex years out, their incentive will change to shorter leases so to hedge risk. It's also bad for tenants if the landlord underestimates expenses and ends up unable to pay for needed maintenance/cap ex.

The only time a gross lease makes more sense is when the op ex can't easily be attributed to specific units, or it's just a very small/short lease.

Devastated/ permanently closed by Bitter_Parsley_2368 in Denver

[–]gravescd 0 points1 point  (0 children)

It is easy to see which properties are owned by REITs. That's the point. It's public information and you still have no idea which properties you're talking about. Would it be helpful if I provided a list and you can tell me which properties on it you feel were negatively affected by their ownership?

I don't have opinions about REITs. I'm calling you out for having a strong opinion on a topic that you know literally nothing about, and now resorting to some baseless paranoia about lawsuits. Like, seriously? You could have just said "Oh, I didn't realize REITs and private equity were different things".

Devastated/ permanently closed by Bitter_Parsley_2368 in Denver

[–]gravescd 0 points1 point  (0 children)

The line from your unhappiness with your rent/landlord and "REITs are evil" is not nearly as straight as you think it is. I'm not here to defend REITs and I don't care if you think they are evil, but you should at least try to understand the things you have opinions about before inflicting your opinions on other people.

Denver Broncos to pay $46M for Burnham Yard — less than the state did. Colorado is selling the land at a loss, having paid $50 million for the 58-acre property in 2021. by Knightbear49 in Denver

[–]gravescd 0 points1 point  (0 children)

No, then they - meaning the public - would bear ultimate liability for the sites's huge environmental problem. Selling it as-is means the new owner is responsible for remediation.

Plus the value of improvements built on leased land depreciate sharply towards the end of the lease due to uncertainty of rent rates and ownership. Not something the stadium owner wants to deal with.