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tbone_

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Everything posted by tbone_

  1. I wouldn’t quite call that a rant. But it was funny.
  2. I hear you. I applied to one school. She applied to the AZ schools too. Her main criteria was I don’t want to go anywhere cold. And I don’t want go to college in the slave states. I’m like well that pretty much leaves So Cal and AZ. I suspect she’ll fit right in in Santa Barbara if I decide to fork over the cash so she can go to school in a beach paradise vs going to U of A for basically free. That said, she has worked her ass off on grades and it shows. I would like to reward that. But got damn that’s a lot of money. Appreciate all the responses.
  3. Anyone know anything about it or have any experience with it? I don’t know much about it. It’s the one school she applied to that we didn’t visit. She applied as kind of a flyer and got accepted. Fortunate enough to have a couple of school to choose from it seems. Looks like not the worst place to visit as a parent.
  4. You know they ignore the courts now right?
  5. Honestly surprised that type shit doesn’t happen more often.
  6. She might have. She was from Indian country and this was back in the early 70s. I think the buyer might have just taken the kid to the county. And the county called my buddy and they took the kid and raised him Shit happened differently in rural North Dakota in the early 70s.
  7. I know a guy in North Dakota who has an adopted son because the kids mom tried to sell him in a bar in North Dakota back in the day. True story.
  8. Why wouldn’t Canada just ban Tesla sales in their country. I would if I were them.
  9. Well in fairness we didn’t have Russian hackers selling massive databases of stolen identities on the dark web back then.
  10. I do have some insight into one particular large public homebuilder. Cost is definitely an issue. Shits about to get real imo. Homebuilding is always slower to react because their buyers are emotional. Our buyers/investors are institutional capital and react quickly and ruthlessly. Of course, a meaningful drop in rates could change all of this.
  11. That’s awesome. I had one a while back. Was impossible to keep in tune. I’d be interested to know how that goes with the Taylor.
  12. We are a big apartment developer. We’ve been telling subs and vendors to bend over and reduce pricing for 2+ years now. And it’s working. Our total cost per unit on new projects is down significantly vs projects we started 15 months ago. That’s how we’re getting deals capitalized. In the apartment game, the fuck you response will put you out of businesses. Starts are off 50-75% in most markets. We had a meeting with one of our biggest GC’s a while back when interest rates rose. JP Morgan had just bailed on a job for us as equity despite having a signed term sheet. I stood up in front of 20 people at their office and walked through the math on a white board as to why something seemingly as innocuous as the 10 year jumping from 1.5 to 4 meant every line item in their budget had to come down 20-30%. And that every deal the thought they had in their pipeline was gone. This was in summer 2022. This group understood, got on board with us, and drank the koolaide on cost reductions with us. We’ve been able to keep each other in business the last three years because of it. I suspect homebuilding isn’t far behind.
  13. We have two apartment projects closing equity and debt this month and starting construction. The amount of time we’ve been negotiating to deal with potential tariffs among our partners, lenders, and contractors is ridiculous. Thanks a lot dickhead. That said, we did issue an NTP to one of our contractors to buy out the lumber package. We locked in a lumber contract at $1.1M under budget. Because the subs are hungry. Which sounds good until prices spike, and the sub comes to us and says hey sorry I didn’t lock in at the old pricing and now I will go bankrupt if I have to pay this higher pricing so here’s your change order. Again, thanks a lot dickhead.
  14. Maybe we should miss a payment, let the market tank, buy it all back on the cheap. Then start making payments again. US bonds would still be the best relative alternative there is.
  15. That should make a lot of sense to the first grader
  16. He’s just a fucking cunt. No way around it.
  17. In other James Bond theme song news, the other day I learned that Jimmy Page and John Paul Jones played on the Goldfinger theme song. Maybe they will show at the celebration.
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