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Brew

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Everything posted by Brew

  1. 17 year old me in my Camaro. Cops estimated I was doing in excess of 100 when I left the road. Speakers and various other things ended up spread across multiple yards. My parents put me in a Ford Escort after that one, should have stuck with my ‘79 Blazer I had at 16. This was after multiple run ins with the law over speeding, reckless driving, and various other things I mostly managed to get out of. Teenage males are dumbasses.
  2. Wife and kids are at Disneyland, I’m at the beach with the dog. She did a virtual queue this morning for Spider Man and it had a 360 minute wait. Park opens at 8. She had lunch reservations at 2. She couldn’t figure out why the ride notice came in around the same time as her lunch reservation. Her text was, “The park opened at 8, isn’t 360 minutes 4 hours?” I just shook my head. I don’t think the 2 private school educated daughters could figure it out either.
  3. Fuck Oregon, they had that game wrapped up and got stupid in the last two minutes. Had a significant multi game parlay that came down to the ducks ML and I started celebrating too early apparently.
  4. Mutt is all settled in for his long ass ride to South FL. Just put a deposit down to get him a little brother, same dad / different mom. Not sure where the new one is going to ride since this one has laid claim to the center console and the front seat when it is available. I hope this doesn’t turn out like kids where the second can be a real pain in the ass.
  5. The rich kid vehicle discussions are always entertaining. On a lot of high school campuses now that truck isn’t even noticed. I know multiple kids driving brand new F250’s, 2500 Rams, Cayenne’s, and the list goes on and on of the new vehicles they are rolling up in every day. Mine drives an Escape just for the record. I think judge has this deal right a few pages ago, he was likely looking back at his handiwork when he took out the second group. Kids (and wives for the record) naturally steer to their line of sight so it would be pretty easy to be watching the mirrors to see the reactions behind him and drifting right at the same time. There is no losing control in an F250, there is only being a dumbass and the end result from it.
  6. They will have allowances built into the contract for each of the variables and you just have to keep up with what you are going over on lighting, flooring, etc. At $150 a foot in today’s market you are looking at very basic levels in lighting, floors, closets, counters, etc. I would be a little worried and go ahead and get that detailed breakdown as well as the basic cabinet layouts, shower layouts, etc and see how workable it is and where you need to spend extra. Then don’t get stupid or be prepared to pay for it. We just did a pool and are working on a pool house and master bed/bath addition. My wife went 40% over on the pool without changing the size and she’s blowing the other two by about the same because apparently when she looks at tile, counters, lights, etc she automatically picks the most expensive f-ing option available. I think we’re at $200 a foot just on the pool house.
  7. Finished it tonight, it was a better season than 3 for sure, but it definitely had some odd parts. The dream sequences were just strange.
  8. Got an email from Cadillac on ordering a Blackwing, another new vehicle I’m intrigued by. I’ve been playing with options setups. It’s not going to pull the boat, but I wouldn’t mind something other than a truck some days.
  9. When he came out in the slippers, wasn’t his big toe jacked up? Another solid episode, Rupert is definitely up to something.
  10. I’m not big on the job movement in my industry. Been at the same place since I interned in college and it’s worked out well. I don’t really have people leaving chasing more money, I have people leaving chasing less than 40 hour work weeks for the same or less money. We’ve had potential partners leave and go to nonprofits recently to work 32-36 hours a week for good money because they don’t want to put in the hours any more and the earnings potential wasn’t the driving factor at this point.
  11. Guess it hit too high for the airbags to deploy, because that looks like the airbags should have popped. I’m guessing that’s a total, shit’s expensive right now and there is a whole lot of stuff located in that area that will need replacing.
  12. I don’t know that I have seen many family deals not end up awkward. It is what it is, you have to be comfortable with the deal. Slorch’s post covers it well.
  13. That would be low side, the ones I know are all $200k+ net with some upwards of $300k. One appraiser with the right staff people can turn out a lot of reports. Get commercially certified and it can go up from there although there is a lot more time involved. Most of them also have extensive rental holdings as they have the relationships with the banks and realtors to buy property in the right situations.
  14. I really like the similar one I have. I’m extremely happy with the rubber band which I didn’t think I would be when I first was trying to decide which one to go with. I think I prefer it at this point over the metal band.
  15. Some people actually like to talk through things on here.
  16. No, the PE is trying to hit a certain level of annual contracts to flip their whole package to the next level up PE. This one is way high side of what they have been paying, but they have all been at stupid multiples. They are consolidating operations so they are cutting overhead significantly, but it’s still crazy. It’s also the market that everyone is competing in, there is a lot of cash out there and each PE size in the market is trying to accumulate to flip to the next size up.
  17. There is no way I would spend money on a new appraisal if you already think you are high side. I’m. It sure what another number is going to add to the discussion. He set his side when he ordered an appraisal. If you’re more comfortable at the old number, then just take it. Otherwise, just average them. It sounds like keeping the peace is at least in the relative vicinity of importance as getting market value, so giving any reduction off the higher appraisal should be met with some appreciation. Why did they order the new one? Surely with the current market trends for land, timber, etc. they didn’t expect it to go down in value, so the issue is it just went up more than everyone expected?
  18. They also typically have ownership serving as part of the labor pool. Most professional service firms are shooting for 33% nets. Construction trades are up the last couple of years as well. Subs especially electrical are running in the 20%+ range, concrete guys are killing it, generals are up as well but not like subs, etc. It’s going to be hard to find a business to write a check for that pays the bills. Most, outside of retail type operations, are relying on industry relationships/experience and that’s typically what you are paying for. The best bet is generally to take something you are good at and start growing it. There also isn’t a lot for sale right now. I get information from all the regional brokers and they are all soliciting companies right now because they don’t have much. What is for sale that’s worth something is getting bought up by PE groups and stupid multiples. We’re working on a deal now for a pest control company that will end up trading at 3x gross sales and about 20x EBITDA.
  19. Story is not clear, it sounds like they want to buy you out. You had an old appraisal, they ordered a new one that came in 20% higher than the old one and you both are questioning it. Typically both sides are allowed to get appraisals, but it sounds like their appraisal is already higher than you thought it would be. Under that scenario it sounds like you can negotiate anywhere up to the new appraisal, you just need to decide where you are comfortable or just hold them to the appraisal.
  20. Bronco Raptor confirmed for 2022, should be interesting.
  21. Short list of coaches out there with the balls to make that call.
  22. That was an interesting opening to Season 3, anyone that hasn’t seen the first two seasons and randomly clicked on the show figured out really quickly where the show stands.
  23. Not a fan of the ozone system we have. It puts air bubbles into one of the returns so you have a constant stream of bubbles coming into the pool and the incessant noise that goes along with the air. We had UV on our old pool so if you went out at night after the pump cut back it was almost perfectly quiet outside. Now I have the sound of popping bubbles 24/7.
  24. Part of the reason I went understated on top of the fact I go understated in most everything. I am going to buy something that goes with the times I dress a little nicer, but right now I’m wearing shorts and a polo so it works perfect.
  25. Add me to that club as well.
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