Showing posts with label real estate prices. Show all posts
Showing posts with label real estate prices. Show all posts

Friday, August 24, 2018

Day 3165

There was something for everybody at the restaurant this morning. As I was being seated, four policemen in tactical gear were paying their bill and leaving. Shortly after that, two open carry guys with side arms strapped to their waist took a seat. There was a large extended family with everyone from the grandmother to small babies gathered around a table. There were two Hispanic guys in starched white shirts with cufflinks who looked like they had gotten halfway dressed for a wedding before deciding they were hungry. There were young couples and retirees, along with several people who were conducting a business meeting. It was a diverse group and I appeared to be the only person eating alone. If you wanted to sample the mood of America, this would have been the place. I'm not sure if this was the place to sample a really great breakfast, but everyone seemed happy.

Maybe it was just a happy day. Dash certainly woke up in a good mood. He slept all night and managed to make it outside the next morning to poop. We took a nice walk before it became too hot and although he wasn't very hungry, Dash did manage to eat his breakfast later in the day. You can't ask for more than that from a tired old dog.

My wrist didn't hurt this morning, so I decided to go up on the roof. Much to my surprise, it was dry. Although we've had quite a bit of rain recently, it has been hot and dry this week. Apparently it takes about five days for the standing water to evaporate in the Summer. I need to remember this, because I'm not going to be able to continue climbing up on this roof forever. Unfortunately, the water will never evaporate in the Winter.

Janet didn't work today, so I started thinking it was Saturday again. I'm going to be really confused when she stops working completely. Who knows when that will happen though. Although she has officially retired, her company continues to bring her in on a consulting basis when they've got a tough problem. I tell Janet that it must be nice to be wanted. Whenever I used to leave a job, they usually never wanted to see me again.

The real estate market is heating up in our neighborhood. It happens from time to time. There seems to be lots of houses on the market right now. Whenever this happens, people get real interested in what their own house is worth. I used to feel this way until our house started falling apart. Now, I think it will just get torn down if we ever leave. But will we ever leave? Somehow, I doubt it.

Hero is today's Dalmatian of the Day
Watch of the Day

Wednesday, May 16, 2012

Day 883

I've already gotten two offers on my rent property. What this seems to prove is that there is always a price where something will sell. The real estate market isn't dead. Current prices are just lower than most sellers, including myself, would like. The difference between actually selling your house and having it sit on the market forever is just a matter of setting a realistic price based on current values. That being said, my house hasn't actually been sold yet. I've just gotten offers. Selling real estate seems to be a complex game of offers and counter offers, inspections and financing. A deal can fall apart at any point along the way. I am encouraged though. Especially since several friends told me to expect to have the house on the market a long, long time. There are two houses in the same neighborhood that have been on the market over 300 days.

The corollary to this sad tale of falling real estate prices is that you can always find work if you are willing to work for less than you might like. A lot of the unemployed expect to eventually get their old jobs back. It just isn't going to happen. Globalization and new technologies have destroyed those old jobs just as effectively as the financial meltdown of 2008 destroyed the selling price of my rent house. There is work though. There is always work if you are willing to do it. The ironic thing is that I'm busier than I've been at almost any point in my career, but I'm effectively making less per hour than I was 25 years ago. To me, this all sucks big time, but since I'm not Dr. Who and I don't have a Tardis handy, there is no way I can recapture the glory days.

What the hell. Things change. You've got to keep moving. It's better to keep reinventing yourself and adapt to changing times that to pretend is is still 1985. I present a new website design tomorrow. I got another new client today. Neither of these opportunities represent a financial windfall for me, but they do allow me to continue. I know I'm going to be disappointed with the final selling price of my rent house. I'm continually disappointed by the performance of my stock portfolio. This is the world we live in though. On the bright side, if I ever buy another house, it probably won't be that expensive.

We didn't go to training class tonight. Maybe if I had two very obedient dogs, I could take both of them myself. That isn't the case however. Dash is still a handful for me. I hate to leave Dot behind, so we all just stay home on nights when Janet isn't around. The dogs seem happy enough. They are both asleep on the bed. I'm happy enough as well. There are no mosquitoes biting me and I'm inside, away from my allergy problems. We'll wait until next week to return to class.

Liberty is today's Dalmatian of the Day
Watch of the Day

Monday, May 7, 2012

Day 874

I forget how many household chores I usually complete on weekends until we have an event filled weekend like we did Saturday and Sunday and nothing gets done. I played catch-up today, doing several loads of laundry, mowing the lawn, and vacuuming the house. The house doesn't really look that much better, but at least I've made an effort.

As I kind of expected, I'm starting to get calls from neighbors in the area, asking why I priced my rent property so low. These people aren't really planning to sell their nearby houses. They're just worried that if my property sells, it will drag the price of their house down with it. These folks don't understand how markets work. The true price of anything isn't what you think it is worth, it is what someone will pay you for it. Houses are no different than stocks and bonds. The value isn't intrinsic. It's variable.

One of my clients was in a panic this morning because their hosting account had been suspended and all their websites were down. They had set their account up to auto-pay and then forgotten that they had changed the credit card it was attached to. There is a lesson to be learned from this and since the same thing has happened to me, I need to learn the lesson myself. There are all kinds of reasons why your credit card number might change. The credit card company might just hand you a new card when they think their security has been compromised. You might be getting erroneous charges on your statement and change the number yourself. Maybe you just cancel your card and get a similar card from a different bank because they have a better deal. These things happen all the time, but it's hard to remember remember all the online accounts that you've set up to auto-renew or make automatic monthly payments. This is why I no longer use auto-pay for anything. I prefer to get a paper statement in the mail. It's much easier to remember a letter you get in the mail than a website you seldom visit.

I've got a photo shoot tomorrow. It seems like a while since I've had a full-fledged photo shoot, so I'm trying to remember where all the gear is stashed away and which batteries need to be recharged. I used to really want more photo jobs and fewer writing jobs. Photography seemed a lot more exciting to me. Now, I think I've come full circle. Increasingly, photography just seems like filling the car with heavy equipment and then unloading it again when the job is finished. These days, writing jobs seem much more relaxing. I get a cup of coffee, think of an idea, and words appear on the screen. You don't even have to type anymore if you don't want to. Modern dictation programs are remarkably accurate.  I'm just waiting for the day when you can put on a little WiFi hat that reads your brain waves and allows you to just "think" your assignment into Microsoft Word.

Spot is today's Dalmatian of the Day
Watch of the Day

Monday, April 30, 2012

Day 867

My inability to multitask is getting frustrating. I have so many unfinished projects right now, and what I'd really like to do is methodically finish each of them one at a time. I can't do that though. Most of my clients wouldn't react very favorably if I left a message on my answering machine that said, "I'm landscaping the back yard. Please call me back in a week and a half." That's what I'd like to do though. I'd finish the yard first, because with one patch of grass that needs to be watered everyday and an adjacent patch of tilled dirt that turns to mud every time I turn the sprinklers on, it's getting harder and harder to keep the dogs clean. Dot races through the mud every time I let her outside, and then I've got to clean her paws before I let her in again. This sequence of events happens many times each day and it's already getting a little old.

I'd finish moving the storage warehouse stuff next. This is important because I can't put anything new in the storage space until I get things organized and on shelves again. The whole point of the new storage space was to have enough room so that I could start clearing necessary, but infrequently used stuff out of the office. So far, things are still piling up in the office.

Only after these two important tasks were complete would I start working on client projects. Unfortunately, the way things work in the real world, I find myself doing exactly the opposite. I spend most of my day writing and coding websites, just like I always do. The moving and landscaping tasks get relegated to leftover time. I'm sure the back yard makeover will eventually be finished. I'm equally sure that the rental property will eventually be sold as well. These things won't happen fast enough for me however. I just want to get tiring these tasks behind me.

My real estate agent called today and said he'd like to photograph the rent house on Wednesday for the MLS listing. I wasn't expecting things to move so quickly, since the place is still empty and hasn't even been staged yet. Tomorrow will probably be a very busy day. I can only hope that the actual sale goes quickly as well. I still hear tales of people who had their properties on the market for two or three years with little to no interest. I don't want this to happen to me. One good thing about investing in stocks and bonds as long as I have is that I no longer have unrealistic expectations. Prices for everything go up and down. At any given time, there is always a market price for whatever you have to sell. If you want to find a buyer, you have to learn to accept this price.
Bea is today's Dalmatian of the Day
Watch of the Day

Thursday, April 19, 2012

Day 856

Slip sliding away. That's the way I'm feeling these days. Every week, checks for $200 or $300 dribble in, along with bills for several thousand dollars. I wonder how long you can sustain this kind of impossible math.

Luckily, I had some very good years. I don't think those days will return however. The world has fundamentally changed. I listen to all the politicians promising jobs if you'll elect them and I wonder what on earth they are thinking. You can't promise jobs in a global economy. If someone in China or India can do the job for 1/3 of what I would charge, they're going to get the job. End of story. To survive in this brave new world, you have to lower your prices to stay competitive and hope that a larger audience for your products or services will make up the difference. This strategy might work well for Coca Cola and McDonald's, but it certainly doesn't help me much. I just end up working longer and harder for less money.

It doesn't help much to fret about such things though. Once the metaphorical Pandora's Box has been opened, it can never be closed again. In an increasingly interconnected world, great economies are trying their best to equalize. It's like those science experiments in high school chemistry class where liquid in two connected containers always stayed at the same level. My economy is getting worse. Yours may be getting better. Maybe in three or four generations, everything will be wonderful, but it's not a pretty sight now.

At least I still have things to do as I slowly get poorer. I worked on some websites today. I sent out invoices like notes in a bottle and continued writing articles. The dogs did their part to keep the leaky ship afloat. They chased squirrels in the backyard.

I asked the real estate agent today why he wanted to price my rent house so low, especially when there were similar properties for sale in the same neighborhood at considerably higher prices. "Look at how long those houses have been on the market," he told me. "When a house has been on the market for 400 days, the seller just hasn't come to grips with reality yet."

I'm sure the agent is right. It's no fun to come to grips with reality. Reality can be downright depressing. That's why I'm going to try the trendy restaurant my advertising friends like for breakfast tomorrow. Maybe they'll have a great breakfast that will perk up my entire day. Maybe if I continue going to this place, it will become "my" trendy restaurant. Stranger things have happened.

Marley is today's Dalmatian of the Day

Watch of the Day

Tuesday, April 17, 2012

Day 854

When I met with the real estate agent this afternoon, I got a dose of reality that I wasn't expecting. I've known for some time that real estate prices are falling in Dallas, but I had no idea how far they had actually dropped. When the agent showed me a comp list of what similar properties in the area were selling for these days, I was shocked. I had actually been inside a few of the houses on the comp list and never dreamed that they would ever be priced so low. Let's just say that if I sold my house just before the market peaked, I could have made 40% more than I would probably make today. I've owned the rent property so long that I'll probably still make a small profit if I decide to sell. I understand now why there is so much talk these days about people being underwater on their mortgages. If you bought in 2005 you'd be selling at a loss today.

Hindsight is always 20/20. I would have been much better off selling the rent property years ago, rather than convincing myself that I could always sell the place later, after a succession of renters provided me with an income for a while. Like many others, I used to think that real estate would never actually fall in value. I never planned on modern houses coming back in fashion either. My place use to be a very desirable rarity for people who liked such things. Now modern houses are so commonplace in Dallas that the rent property is just another modern house without all the amenities of the newer ones.

I liked the agent though and will probably use him to list the place. I wasn't even insulted by how little he thought my place was worth. Hey, how can you not like a guy who loves Citroen automobiles and wears a vintage Hamilton Ventura watch? The guy had an encyclopedic knowledge of Dallas architects too, and said he had enough mid-century modern furniture stored away that he could stage the place without charging me anything extra.

If I haven't learned the perils of hanging on to things too long by now, I probably never will. The house isn't the only thing I should have sold a long time ago. I had a beautiful vintage Vox Mark VI guitar in the storage warehouse that got totally ruined when water leaked into the room one Summer. Some of my favorite Bulova Accutron tuning fork watches are no longer repairable because I waited too long to restore them. Now most of the Accutron repairmen are dead and the supply of spare parts is gone. Nothing lasts forever. Apparently nothing is valuable forever either. Ashes to ashes and dust to dust, or so the saying goes.

Bella is today's Dalmatian of the Day

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