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ERICOPOLY

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Posts posted by ERICOPOLY

    What are you doing? - (Hobbies Thread)

    in General Discussion

    Posted · Edited by ERICOPOLY

    22 hours ago, Longnose said:

    If you airBnB it I may have to come stay and fish. I am also an avid fly fisherman. Never fished any of the Northern Cali rivers. But I would love to. 

     

    Lots of opportunities:

    Upper Sacramento River (short walk)

    Lower Sacramento (50 minute drive -- below Lake Shasta)

    McCloud River (23 minute drive)

    Pit River (75 minute drive)

    Hat Creek (75 minute drive)

    Fall River (75 minute drive)

    Klamath River (60 minute drive)

    Trinity River (94 minutes)

     

    Many options, not counting lakes.

    What are you doing? - (Hobbies Thread)

    in General Discussion

    Posted · Edited by ERICOPOLY

    2 hours ago, gfp said:

    The main problem with wood countertops is water around the kitchen sink.  I have units with solid butcher block countertops and they are very easy to self-install and inexpensive.  But after a few years the areas around the sinks are all messed up.  If you use an over mount stainless steel sink with a fairly large apron that drains toward the sink that could help.

     

    Have you tried a few coats of polyurethane on them to seal them?

    What are you doing? - (Hobbies Thread)

    in General Discussion

    Posted

    53 minutes ago, gfp said:

    That's great.  I've built and rebuilt hundreds of all wood windows over the years.  Make sure to use real "sash cord" and not some random similar rope.  Hopefully the original weights are still in the pockets.  Sometimes they end up one floor below in the wall LOL

     

    The floor below is the basement and crawlspace so we'll get to them.  This is the stuff:  https://www.amazon.com/gp/product/B004EVE42G/ref=ppx_yo_dt_b_asin_title_o08_s00?ie=UTF8&psc=1

    What are you doing? - (Hobbies Thread)

    in General Discussion

    Posted

    My wife is a 'handyman'.  She has gutted a kitchen and bathroom before and rebuilt the cabinets and retiled it herself.  We've been watching "This Old House" videos on You Tube to learn how to replace the ropes in the sash windows and she's so excited to have these projects to work on.  The table saw in our garage is hers, not mine, from before I met her.

     

    The prior renters were hoarders.  The neighbors said that the city would tell them to move their trash and they would do so, but then they would move it back into the yard again.  For years it decorated the front yard and side and rear of the home and filled the basement and crawlspace.

     

    This is from April 2021 and this is NOT moving day.  They lived like this for a decade.  The city fined the property owner for this situation and there was a sizable lien to be paid off:

    1354989384_ScreenShot2022-03-03at6_56_10AM.thumb.png.a3d36d8880fb33314fdacc45d37cdae0.png

     

     

     

    What are you doing? - (Hobbies Thread)

    in General Discussion

    Posted · Edited by ERICOPOLY

    2 hours ago, gfp said:

    Congratulations on the project Eric.  As someone who has done all of those renovation tasks many times I will recommend that you don't do it all yourself but if you have plenty of time, tools and want to learn go for it!  If the neighborhood really is rough, make sure you secure the property really well while you are renovating it.

     

    (other advice, don't use wood or marble countertops on an airbnb - use something durable)

     

    It's this one?

    222.thumb.jpg.642a000929908be68a9c32df612986b1.jpg

     

    That's a different one.

     

    It's this one below.  The neighbors on both sides were very nice and came over to intervene when they thought we were snooping around the backyard.  One of them is a handyman who can do plumbing for $35 an hour.  Both neighbors had contemplated buying it to avoid a situation like the one they had before with the renters, but being "all cash" it was a sticking point I believe.  Previously there was a breakin and there is a spoon with a lighter in the basement washtub and a needle in the kitchen sink.  Graffiti on the walls.  It had been a long-term rental to the son of the owner who is under a conservatorship and he trashed the place, there was a marijuana grow going on in the basement, it's a "crack house".  That basement window to the rear of the house was kicked in which is how they entered the house, and that's one of the windows that needs replacement. :

    Branstetter.png

    What are you doing? - (Hobbies Thread)

    in General Discussion

    Posted · Edited by ERICOPOLY

    2 hours ago, Longnose said:

     

    Very Nice!!! There's something tangible when you do any kind of manual work. Remodels are so rewarding when your done. Sounds like a stellar location. How much do you think you'll have to put into the place for the remodel? If you airBnB it I may have to come stay and fish. I am also an avid fly fisherman. Never fished any of the Northern Cali rivers. But I would love to. 

     

    It's very close to downtown Dunsmuir.  1/2 mile walk to the brewery and 500 ft to public access to the river (and great water at that spot).

     

    It will be on AirBnb, because you know, we have to cover that $950 annual property tax somehow 🙂

     

    We'll get the renovations done for roughly $50k - $60k we think.  But that does not include the project of turning the basement into an apartment.  It is zoned R3 so it will be a full legal apartment.

     

    Electrical:       $2,000.

    Kitchen:     $6,000 for the kitchen (we're not doing upper cabinets, just shelving above $485 10' maple butcher block countertop and Ikea cabinets, and Diamond floor paint.  Appliances are most of this cost)

    Bathroom:  $3,000. (original cast iron alcove bathtub is already there.  Then it's just tiling and a couple hundred for pedestal sink and a couple hundred for toilet)

    Roof:          $14,000 for metal standing seam roof that a contractor will install.

    Attic insulation:  $750 

    Windows:   $5,000.  

    Rear staircase:  $2,000

    Plumbing:   It can't be much, it's just replacing pipes.

    Ducting:  ?

    Heat pump:  no idea really, guessing $10k

    Siding boards... we need to replace about 1/4 of the redwood siding.  The rest looks pretty good and it's 100 years old now. It is "Double ogee" siding and may need to talk to a lumber mill or go looking for salvage material.

    Paint:  $1,000 ???

     

    Amtrak Coast Starlight stops in Dunsmuir so just take the train.  0.4 miles to train station.

     

    What are you doing? - (Hobbies Thread)

    in General Discussion

    Posted

    I have never done much work around the house before.  Lived in them, other people built them and fixed them.

     

    I am closing in a few days on a 900 sqft "crack house" in California built in 1920.  $90,000.  For that price I get a house that people cannot get financing on.

     

    Hobbies:

    I am learning wiring.

    I am learning plumbing.

    I am learning lath&plaster repair.

    I am learning sanding and refinishing wood floors.

    I am learning insulation.

    I am learning framing.

    I am learning tiling.

    I am learning window restoration (pulley and weight sash windows)

     

    Everything in the kitchen will be gutted.  

    Everything but the bathtub will be gutted in the bathroom.

    All electrical will be ripped out and replaced.

    All plumbing will be replaced.

    All ducting will be replaced.

    Unfinished basement will become a legal apartment (not sure if I'm doing all of this part myself).

     

    Oh, the dream project!  Endless hobby.

     

    Once ready, it's less than 2 blocks from the Upper Sacramento river and will be my fly fishing retreat. 

     

    10 minutes to Mt. Shasta.

    Have We Hit The Top?

    in General Discussion

    Posted

    1 hour ago, Gregmal said:

    Yea financial people I talk to are generally surprised when I admit I haven't watched CNBC or Bloomberg TV since maybe 2015. Theres many other ways to get info from the world and sift through whats relevant and useless/useful.

     

    In the US/North America people have this awful tendency to take hook, line and sinker what suites them. If they are, lets call it "anti chicken noodle soup", its amazing how many folks go get their news from places that have an "anti chicken noodle soup" agenda, and then when they get headlines or stories that shit on chicken noodle soup, turn around and cite those sources to others as "facts" and reasons to say I told you so...and then more often then not end up being wrong and yet go make the same mistake again the next time theres a story about chicken noodle soup. 

     

    I know what you're saying.  But as for making money...  The conservative news has been all over the "it's Biden's policies driving inflation" bandwagon.  Politics is as politics does.  Do you worry the 'transitory' argument is not being paid enough attention?

     

     

    Have We Hit The Top?

    in General Discussion

    Posted · Edited by ERICOPOLY

    1 hour ago, Castanza said:


    Eric you should go talk to some troops and see how they feel about current leadership vs the last administration. 
     


    I don’t hold a positive opinion of Biden.  But the Afghanistan disaster’s seed was sown when Trump fumbled the negotiations with the Taliban when he agreed to a deadline for withdrawal.

     

    John Bolton made it very clear that the withdrawal deadline was 100% Trump’s doing, he wanted his name nowhere near that agreement. 

     

     

     

     

    Have We Hit The Top?

    in General Discussion

    Posted

    3 minutes ago, cubsfan said:

     

    Wrong again Eric - 

     

    Trump made no secret about his objectives in Syria:

     

    1- Protect US troops 

    2- Defeat ISIS

    3- Get out of Syria

     

    He accomplished all three - and whenever threatened by Putin, Assad or the Iranians - he just kicked their asses.

     

    Of course, Obama couldn't afford to do that, as he wanted his lasting legacy to be the Iranian Nuclear deal, so

    he could get another Nobel Prize.  He couldn't piss off the Mullahs. Obama got his deal, but it blew up in his face.

     

    But hey, at least the Iranians were happy!

     

    1.  He telegraphed the military's retreat, endangering US troops who were indeed attacked as a result.  

    2.  Apparently not.  

    3.  Sent a message to Putin that America won't stand with our allies.

    Is Munger "On Tilt"?

    in Berkshire Hathaway

    Posted · Edited by ERICOPOLY

    9 hours ago, wabuffo said:

    To summarize, Charlie Munger, acting as a fiduciary for DJCO shareholders, has over the last twelve months invested $152m in BABA & other foreign securities while using $40m in borrowed money (an astounding 26.6% margin percentage) and has incurred almost $30m in unrealized losses so far. 

     

    Bill

     

    For all you know the margin loan is non-recourse.  That can be easily accomplished with a put position on BABA.  Would that require a disclosure?

    Have We Hit The Top?

    in General Discussion

    Posted · Edited by ERICOPOLY

    1 hour ago, cubsfan said:

    ^^ Nice revisionist history there Eric.    

     

     

    Not revisionist:

     

    A precipitous withdrawal of US forces from Syria would only benefit Russia, Iran, and the Assad regime,” McConnell said. 

     

    https://www.theguardian.com/us-news/2019/oct/07/trump-syria-us-troop-withdrawal-turkey

     

     

    Graham told Fox News: “I hope I’m making myself clear how short-sighted and irresponsible this decision is. I like President Trump. I’ve tried to help him. This, to me, is just unnerving to its core.”

    Insider Trading By Politicians Should Be Stopped!

    in General Discussion

    Posted · Edited by ERICOPOLY

    11 hours ago, stahleyp said:

     

    My expectation with you is a well thoughtout argument and not getting offended by a little banter. I mean that's the guy you used to be anyway. So perhaps it's me expecting something different than what transpired or perhaps you have changed. 

     

    Yeah, be an asshole and then blame the other guy for not enjoying it.  Something must be wrong with him.  

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