Friday, May 30, 2008
TRIPLE PLAY - PATTING MYSELF ON THE BACK
1) Back in 2006...
With all the turmoil down on the farm, the Rays have the components of a winning club in the future. They have the most difficult commodity to acquire, a #1 starter in Scott Kazmir, a middle of the order slugger named Johnny Gomes, and a top leadoff hitter in Carl Crawford...If the high upside players in AAA get it together in the Show, the trio up the middle develop, and ownership spends a little money to fill in the holes, the Rays could be contenders as soon as 2008.
Not all of that came true, but the Rays are for real.
2) One of the big lies of the real estate business is the idea that renting a home is tantamount to throwing money away.
Renting involves one obvious, recurring cost that can never be recouped: the monthly rent check. Buying, on the other hand, involves multiple expenses, some of which aren’t so obvious. On top of closing costs, there are repairs, property taxes, mortgage principal and mortgage interest. (The mortgage-interest tax deduction reduces this last cost but doesn’t eliminate it.) When you own, you also lose the ability to invest your down payment elsewhere, like the stock market.
Renting isn't such bad thing and he doesn't even mention PIM or ARMs. But that was then and this is...well in the future, renting could get expensive. As it gets tougher to get a mortgage, more people will be renters and that could drive up prices. It could be a good time to buy real estate in college towns where their is a stable base of demand.
3) I got it right on the nose and the Sox are going to be fine.
"The Local Nine starts tonight with four in Det-Riot, then another long series in the Twin Cities and a pair in the Inner Harbor before returning to Fenway mid-month. Even though the Twins and O’s are talent bottom feeders, the Sox do not play well on the road. Upon their return, they have seven between the Brew Crew and Royals…good times. Then after a Thursday day game versus the Royals, the Olde Towne Team heads West for six against the M’s and A’s. The West coast road trip is never fun. Anything more than twelve wins out of these 23 will set up the Sox up nicely heading into June."
1) Back in 2006...
With all the turmoil down on the farm, the Rays have the components of a winning club in the future. They have the most difficult commodity to acquire, a #1 starter in Scott Kazmir, a middle of the order slugger named Johnny Gomes, and a top leadoff hitter in Carl Crawford...If the high upside players in AAA get it together in the Show, the trio up the middle develop, and ownership spends a little money to fill in the holes, the Rays could be contenders as soon as 2008.
Not all of that came true, but the Rays are for real.
2) One of the big lies of the real estate business is the idea that renting a home is tantamount to throwing money away.
Renting involves one obvious, recurring cost that can never be recouped: the monthly rent check. Buying, on the other hand, involves multiple expenses, some of which aren’t so obvious. On top of closing costs, there are repairs, property taxes, mortgage principal and mortgage interest. (The mortgage-interest tax deduction reduces this last cost but doesn’t eliminate it.) When you own, you also lose the ability to invest your down payment elsewhere, like the stock market.
Renting isn't such bad thing and he doesn't even mention PIM or ARMs. But that was then and this is...well in the future, renting could get expensive. As it gets tougher to get a mortgage, more people will be renters and that could drive up prices. It could be a good time to buy real estate in college towns where their is a stable base of demand.
3) I got it right on the nose and the Sox are going to be fine.
"The Local Nine starts tonight with four in Det-Riot, then another long series in the Twin Cities and a pair in the Inner Harbor before returning to Fenway mid-month. Even though the Twins and O’s are talent bottom feeders, the Sox do not play well on the road. Upon their return, they have seven between the Brew Crew and Royals…good times. Then after a Thursday day game versus the Royals, the Olde Towne Team heads West for six against the M’s and A’s. The West coast road trip is never fun. Anything more than twelve wins out of these 23 will set up the Sox up nicely heading into June."
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Thank you - Red Sox!
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