{"id":46342,"date":"2019-04-09T10:14:45","date_gmt":"2019-04-09T14:14:45","guid":{"rendered":"https:\/\/www.technologyinvestor.com\/?p=46342"},"modified":"2019-04-09T10:14:45","modified_gmt":"2019-04-09T14:14:45","slug":"why-not-to-invest-overseas-why-second-homes-are-a-disaster-these-days-more-thoughts-on-fires","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=46342","title":{"rendered":"Why not to invest overseas. Why second homes are a disaster these days. More thoughts on fires."},"content":{"rendered":"

Boeing is the classic cockroach stock.<\/p>\n

Every day more horrible news emerges – just like the cockroaches that keep appearing.<\/p>\n

One day someone downgrades them. The next day some news appears about what a miserable plane the 737 Max actually is.<\/p>\n

It’s looking increasingly bad for Boeing and its stock.<\/p>\n

The 737 Max problem is much worse than a simple piece of badly written software that turns the plane’s nose down at the wrong time.<\/p>\n

The plane is actually a patchwork quilt of minor “improvements” to a 1960s design — all designed to limit pilot training and save the airlines money. They’re playing with our lives.<\/p>\n

For example, it is the only modern Boeing jet without an electronic alert system that explains what is malfunctioning and how to resolve it.<\/p>\n

Instead pilots have to check a paper manual.<\/p>\n

Read more on Boeing’s 737 disaster. Click here.<\/strong><\/a><\/p>\n

Amazing drop in home prices — especially second homes<\/strong><\/span><\/p>\n

Home prices are dropping. Which is great for buyers, lousy for sellers.<\/p>\n

Advice: If you really want to buy, put in ultra-low bids. Like 20% below offer. Maybe you’ll get “lucky.”<\/p>\n

Before you buy (or worse, build) a second home, consider the price of second (and later) homes are presently being depressed by — here’s the list:<\/p>\n

+ Airbnb, VRBO and other home sharing companies have depressed holiday home prices.<\/p>\n

You can now rent gorgeous homes in exotic places and hand the owner the key when you leave, along with the words: “By the way, the master bedroom toilet is blocking.”<\/p>\n

We just rented gorgeous vacation places in Kona, Hawaii and Paris, France. Whatever they cost is tiny compared to the taxes we’re paying on our holiday homes in Upstate New York and Indian Wells, California.<\/p>\n

+ Tax reform has now limited your SALT deductions to $10,000 a year.<\/p>\n

This has significantly increased the carrying costs of holiday homes — unless you rent them out for profit as a business.<\/p>\n

+\u00a0When we build houses for ourselves, they will always cost too much.<\/p>\n

We\u2019ll never\u00a0 get our money back that we spent on our madness because our madness is no one else\u2019s madness.\u00a0Who wants the custom tennis closet that I built for me?<\/p>\n

Don’t do stupid<\/strong><\/span><\/p>\n

+ A friend walked behind a double-parked car outside his Manhattan apartment.<\/p>\n

The car reversed and he ended in the hospital with horrible injuries.<\/p>\n

+ A friend went swimming in a Caribbean beach. A wave came and he fell on the rocks. He busted his knee.<\/p>\n

The most dangerous places are unfamiliar places. Be ultra-wary. Don’t do stupid.<\/p>\n

More thoughts on our fire<\/strong><\/span><\/p>\n

Fires start in weird ways. The bare bulb in the closet was our problem. But friends tell me of over-loaded power strips. don’t plug an AC unit or a hairdryer into a power strip.<\/p>\n

Suffice, fires happen in places other than obvious ones — kitchens.<\/p>\n

More thoughts:<\/p>\n

+ I really do need another location for computer backups. The cloud is one choice.<\/p>\n

+ Install more smoke detectors. These things are cheaper than fire extinguishers and do an important job.<\/p>\n

+ Breathing in the smoke was awful.\u00a0 I never realized how lethal that stuff is. Put the fire out. Run from the smoke. Let it settle. Then return.<\/p>\n

+ If you live in an apartment building, ask the board to send an electrician around to check for possible fire problems.<\/p>\n

Go Aussies!<\/strong><\/span><\/p>\n

What the Rest of the World Can Learn From the Australian Economic Miracle<\/strong>
\nAs Americans worry about the potential end of a 10-year expansion, it’s worth studying the Aussies, whose winning streak is about to turn 28.<\/p>\n

Click here.<\/strong><\/a><\/p>\n

In the middle of the night<\/strong><\/span><\/p>\n

I have always been obsessed by NOT investing overseas.. Foreign currencies? Yuch. Some of my favorites from 3 this morning:<\/p>\n

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Favorite recent New Yorker magazine cartoons<\/strong><\/span><\/p>\n

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\nHarry Newton, who updated the list of his favorite stocks — in the right hand column on the blog. Click here. <\/strong><\/a>It’s amazing how well Apple is doing. There are other nice gainers. Check out the list. I continue to have faith in Netflix, despite its new competition.<\/p>\n