For those of you curious what investments actually do well these days, it is hands down the concept of the “Rent by the Week” Apartment / Hotel / Motel Room. This is the single fastest growing segment of the real estate market.
Yesterday, while placing some vending machines in a new area I saw this first hand. What I witnessed is both shocking and depressing at the same time.
Hundreds and hundreds of families jammed into 1 bedroom apartments / old motel rooms that have an average rent of $110 – $135 / week which includes cable tv, kitchenette, maid service once a week, all utilities, and of course the room.
Living conditions at these places resemble living conditions of the older run tenement buildings you see in the movies.
Full families of 4 people will all of their belongings jammed into run down automobiles moving in and out of these places. Most of them you might consider part of the “lower middle income” bracket that were laid off at some point earlier in this recession.
My perspective is that this is a view of things to come in this country, a sobering and depressing reality of how the middle class has been decimated.
Of the business’ that our President and his staff have chosen to invest, only two industries truly shine as stellar examples of Obama’s economic stimulus spending. Gun sales have hit and all time record high prompting some gun manufacturers such as Sturm Ruger to stop taking orders for 6 months while manufacturing tries to catch up. The other is the new boom in tenement living.
Now that’s some economic news he can run on!
33 Year old Anders Behring Breivik to 21 years in prison for the premeditated attack and murder if 77 innocent people and children. Amazingly when you do the math, that’s only 3.25 months / person murdered.
I’m wondering if any family member of victims in these horrific murders would be willing to spend a few months in jail for the opportunity to knock this guy off? I do think so.
I have always thought the US court system let murderers out too soon but am blown away with the European court systems.
On August 15, 2012 President Obama’s 2 year immigration amnesty for those illegal immigrants that came here under age 16 and are now residing in the US will go into effect. Currently 1.7 Million immigrants are eligible for this program. For two years immigrants will be able to obtain work permits and drivers licenses without fear of deportation.
For obvious reasons that Bureau of Labor and Statistics has no way of counting illegals working in the US. Thus I’ll happily do some math that you will never see reported my the news media.
Assuming that 1 Million of the 1.7 Million illegals living in the United States are eligible to work legally now, we have just added 1M more people to the ranks of the unemployed. As of August 3 12.8 Million peopl were unemployed and seeking work, now its going to be 13.8 Million. This changes the unemployment rate to 8.95% in which I’m sure hard working people that are here legally are now competing with.
What is even more staggering is when you extrapolate the U6 Numbers ( which combines unemployed and underemployed). In July this stood at 15% and for August this should be 16.25%.
It boggles the mind what our President will do to get votes!
I have recently done some research into adding a hybrid solar panel system into my home as a backup power source and well as cutting down on my power bill a little.
I spoke to the renewable energy guy at my local power company here about getting a “net meter” installed. This is the type of meter that registers how much power you put back on the grid.
The person that I spoke to mentioned to me that a 5kW Grid Tie solar panel system ( this is where the panels generate power only during the day and can put power on the grid) would cut an average person’s energy bill on an average house by $70/month.
I mentioned that a 5.6 kW grind tie system only costs $10,000 and he mentioned to me that 2 years ago that would have cost $30,000. So the good news is the cost of technology is coming down.
For the average homeowner that does not foolishly buy a 3800 sq ft mini-mansion, my guess is with some smart planning on a 1600 sq ft house and a $20,000 investment in a panel system you could have a $0 power bill.
Although the math for ROI is not quite there yet, I’m pretty sure it will be in two years.
Additionally Sanyo is on the verge on of a new battery technology that will make energy storage and battery life make living off the grid a real possibility.
Give it 2-5 years and you can have the pleasure of telling your local power company to “Shove it!”
Let me start by saying I am a high volume shipper with the US Postal Service. The service provided in their Priority Mail service beats the pants off both UPS and Fed Ex.
We have all at some point in our lives made fun of the US Post Office ( including myself) but to be honest with you, I find 99% of Postal Workers to be very hard-working and friendly people. Just think about how hard it is to drag around a 60lb sack of mail around every single day and hand out thousands of letters. Thus, it pains me deeply to see a pretty good organization on the verge of bankruptcy.
What I find even more incredible is the outpouring of lame excuses from our Government officials via TV commercials / media interviews blaming the internet for the reduction in first class mail thus causing the losses at the Post Office. I wonder if the CEO of UPS or Fed Ex would ever stand up at their annual shareholders meeting, blaming the reduction of software / cd delivery on I-tunes and still have their job by the end of the hour?
There are many examples of how the US Government screws things up but in the case of the US Postal Service this is a “takes the cake” example.
The US Government should spin the entire US Postal service into a publicly held company in which each an every long-standing employee of the Postal Service would be given a combination of stocks / Stock options for their hard work and commitment, the US Government stops bleeding cash to float USPS, and the a real CEO comes in to run the business profitably.
The stock offering would also allow USPS to modernize their fleet and facilities to compete with would class freight companies like UPS and Fed Ex.
I am 99% confident that USPS can be immensely profitable making it a good investment for anybody.