I love Charlie Munger, but this particular argument for why Costco charges membership fees always seemed deeply implausible. What person who's going to regularly steal stuff from a store is unwilling to pay $50 a year for the opportunity to access a cornucopia of consumer goods?
@shawngorham Glue down for ease of maintenance. If one gets messed up you peel and stick instead of removing half the room. Apartment grade is Shaw or Mohawk.
@moseskagan We are quoted 52-80 weeks depending on manufacturer. But during Covid took us 104 weeks to actually receive our gear.
Development is not for the faint of heart.
@MisfitEngineer @pranshutewari@DallasAptGP The kicker here is some OZ Tracts are not in bad areas at all. Just identified to encourage development. See old town Scottsdale or Southeast Mesa Arizona.
@ArtemTepler@max_gagliardi@raminsavar @RyanDanz STRs have great cash flow but come with different financing, management and wear. I’d be interested to learn more about long term debt on them.
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