patrick.net

GNL says

Amen about burgers. Can't remember the last time I had one I liked.

I don't get it. I'm no master chef but dear god the restaurants in a ton of places can't make the basics. I season and press my own burger in the summer mainly. 5-10lbs batches and freeze them. Kids will eat them, so nothing crazy spice wise. Restaurants just make them big with basically a salad on top. I just want a good burger. No different than a good steak. It's not hard.

That's why I think BBQ is so popular. You can really F it up and it's still decent. Although I've had trash BBQ from family members that thought it was great... Had to hold my tongue on that one...

Eman says

If I were KING, I would eliminate state income tax so retirees don’t have to move out of CA to save money.

If I were KING, I would consider eliminate property taxes for all retirees too.

Considering that our currency is fiat, the government can, and does, print all the money they want. Taxes aren't about revenue but control.

https://www.bostonglobe.com/2024/03/28/business/boston-office-tower-sale/

In 2005, this downtown office tower sold for $121.7 million. It just resold for $78 million.

zzyzzx says

https://www.bostonglobe.com/2024/03/28/business/boston-office-tower-sale/

In 2005, this downtown office tower sold for $121.7 million. It just resold for $78 million.

Is that surprising? Cities will take a beating. Won't be a crash though. Savvy people will figure out a way to repurpose commercial properties and make money. Yes there will be losses, but the only thing being build is shipping warehouses now. There's not a glut of high rise properties on the market generally. Market specific of course.

https://www.cnbc.com/video/2024/04/29/the-real-problem-with-commercial-real-estate-is-people-not-coming-to-work-says-bruce-ratner.html

The real problem with commercial real estate is people not coming to work, says Bruce Ratner

People are tired of dressing up, spending a fortune on tolls and gas, sitting in an hour's traffic, thinking this is it and they're going to fill out the W2 and the benefits form, just to found out it's yet a third interview, and having an HR Ditz ask them what color socks they like and what that says about them. Then they drive home and figure the extra $15k/year just ups their tax bracket with a shitload of commute, extra expense, and corporate bullshit and settle for a lower paying job remote or closer to home.

Also, companies are going to have to come to grips that with retiring boomers, and colleges only teaching LGBTQ+ and Wokeness, they're going to have to train people again at their OWN expense. Guatemalan Highlanders who don't read and write Spanish, much less English, can't do the basic White Collar or semi-skilled work.

Many states fudged their college graduation numbers and subsidized useless liberal arts faculty by wrapping tech certificates up in Associates degrees, so 6-12 month tech certificates that used to be a couple of nights a weekend or a Saturday are now a 2+ year ordeal. Longer if young people are trying to get into minimal debt by working F/T at the same time.

Interesting times are coming.

cre is our state skyrocketing. it’s simple really, money leaving cities pouring into smaller towns. hope it slows down, locals getting priced out big time. but there’s lots of money chasing cre.

https://finance.yahoo.com/news/fort-worths-tallest-building-sells-111742615.html

Fort Worth's tallest building sells for just $12.3M at auction in stunning price drop

Burnett Plaza, the tallest building in Fort Worth, Texas, has been purchased via foreclosure auction for $12.3 million just three years after it was sold for more than $137.5 million, according to the Dallas Business Journal.

It was most recently appraised at $104.5 million by Tarrant Appraisal District, according to the Dallas Business Journal.

WookieMan says

but the only thing being build is shipping warehouses now

Wrongo boyo. The Biden admiistration is spending beaucoup bucks to expand manufacturing in the US, especially of semiconductors. Part of the reshoring initiative.

President Joe Biden tours the building site for a new Taiwan Semiconductor Manufacturing Co. computer chip plant Dec. 6, 2022, in Phoenix.
https://apnews.com/article/biden-science-technology-government-and-politics-arizona-8c764cdeed7e4917a3323f7f916bcd48
https://apnews.com/article/gretchen-whitmer-biden-technology-government-and-politics-michigan-4d5ac5a4bec5a2e61b4567639240d97c

Al_Sharpton_for_President says

WookieMan says

but the only thing being build is shipping warehouses now

Wrongo boyo. The Biden admiistration is spending beaucoup bucks to expand manufacturing in the US, especially of semiconductors. Part of the reshoring initiative.

President Joe Biden tours the building site for a new Taiwan Semiconductor Manufacturing Co. computer chip plant Dec. 6, 2022, in Phoenix.

I've seen the plant. It's a good thing. About the only thing Biden did okay at. Golf at Quintero to the west and you'll know what I'm talking about if you have been.

We import cheap shit. We also make cheap shit by stay at home mom stuff like Etsy and people need places to store that. Throw in Amazon and other large shippers.

IL is losing population still, yet we're building massive warehouses. Why? It's needed. That's where the commercial money is. Large residential rental properties/communities as well given interest rates. Office space is the biggest loser. I don't see that changing unless you can change the usage or zoning on it. Cities hit especially hard.