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Business etiquette - What would you do?

Filed under: business — Tags: — taewoo @ 3:55 pm August 5, 2008

If you had clients you were paying you on a MONTHLY basis and called you by a very offensive name, what is the right thing to do?

I have a real estate investor friend whose tenants call him by a very offensive RACIAL slur, and he seems to be ok with it. What do you do? Flick the middle finger and tell them to get the f*ck out and risk losing your golden goose OR do you just take it because you’d rather lose the tenant at the risk of not being able to replace one?

It’s an interesting dilemma. Personally, I would tell the tenant to vacate the promises or risk getting mauled by pitbulls.

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Bay area housing inventory snapshot - August 2008

Filed under: deals — Tags: , — taewoo @ 11:20 pm August 4, 2008
Housing Inventory Snapshot July 30, 08
Average List PriceMedian List PriceAverage Days On Market
Santa Clara County, CA
Single Family under $1M$583,314$565,00084
Single Family over $1M$2,093,908$1,509,72575
Condo/Townhome under $600K$361,929$357,15585
Condo/Townhome over $600K$792,636$709,95056
San Mateo County, CA
Single Family under $1M$636,483$629,00080
Single Family over $1M$2,394,203$1,499,50070
Condo/Townhome under $600K$428,472$425,00083
Condo/Townhome over $600K$865,582$749,00066
Santa Cruz County, CA
Single Family under $1M$604,040$599,00093
Single Family over $1M$1,903,588$1,495,000101
Condo/Townhome under $600K$381,353$399,00091
Condo/Townhome over $600K$873,999$799,000125
Monterey County, CA
Single Family under $1M$412,488$340,000101
Single Family over $1M$2,583,441$1,795,000111
Condo/Townhome under $600K$276,099$200,000106
Condo/Townhome over $600K$912,930$760,000112
Alameda County, CA
Single Family under $1M$457,464$419,90077
Single Family over $1M$1,666,147$1,385,50084
Condo/Townhome under $600K$344,652$335,00080
Condo/Townhome over $600K$726,323$669,00062
Contra Costa County, CA
Single Family under $1M$367,885$305,00088
Single Family over $1M$1,870,871$1,499,00093
Condo/Townhome under $600K$269,420$239,00089
Condo/Townhome over $600K$708,917$675,00081
MORTGAGE. National Averages (July 30, 08)*
30-year fixedRate - 6.55%APR - n/a%
15-year fixedRate - 6.16%APR - n/a%
5/1 ARMRate - 5.57%APR - n/a%

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See you later IndyMac

Filed under: business — Tags: , , — taewoo @ 12:52 pm August 1, 2008

I always thought IndyMac was a dumb name for a bank, but what do I know about corporate branding… my blog URL is FreshSuperCool.com. Regardless, you can always count on IndyMac to come through:

Including going bankrupt. Scary thing is… this is the 2nd biggest financial institution in the US. FDIC is supposed to insure their depositors… which equates to 1/6th of their insurance pool. Most likely the Feds will print more money to bail people out (i.e. cover their ass so they don’t bail on their word). I took my money out of Washington Mutual. Trading at $5, down from $35 a couple of months ago. The clerk asked me “how come you’re withdrawing everything? because if you stay with us, we can upgrade you to our dividend yielding checking for FREE!”

No thanks buddy. I can wipe my own ass.

Let’s hope other big banks don’t go down. But I am a scavenger. I wonder if I can buy their bank offices for dirt cheap

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