Category Archives: housing

Living on the cheap

Recently I made a new male friend. This is rare for me as I am weary about having any new friends at this age. I have a complete collector’s set of useful, useless, user and multi-dimensional friends already.

Now this middle aged gentleman by all appearances is worldly, charismatic, youthful and self-driven. We had great conversations mostly about women, real estate, cars, investing, religion, politics and other middle aged guy stuff that I enjoy talking about.

One day he offers me a used jacket. I didn’t need or want it, but I did not want to offend. He goes into the trunk of his coupe and I notice it is filled with duffel bags and knapsacks neatly arranged in a stack. It seemed strange to me immediately that someone would keep so much stuff in his car. Admittedly I am a hoarder, and I still found that weird. This wasn’t hoarding, hoarders don’t keep things so methodical.

On another occasion, he invited me to go to the gym. I said what the heck, I can work out for free and have light conversation with a like minded person. So we went to the gym. He did what I thought to be non-productive exercises, that neither contributed to his aerobic or aesthetic improvement. Being the control freak I am, I had to restrain myself from saying ‘What are you doing bro?’ so eventually he finished his special workout and went to the showers. I continued my free workout and did some treadmill and some abdominal work. He was in the shower for maybe 25 minutes, which seemed like a long time to take a shower in a gym. He informed me that he goes to the gym, every single day. That was also strange as even a wimp like myself knows muscle has to rest.

All of the times we met up to have beers or talk shop we were at his office. He mentioned that he is in the office almost 24/7. That’s when I put it together that this guy was sleeping in his office(his military experience helps), showering at the gym and storing his personal effects in his car.

I found it to be economically ingenious and Ted Kaczynski like creepy at the same time. His overhead breaks down something like the following(approximately):

Old Car(Already paid off) – $0/ month

Car Insurance(Out of state) – $50/month

Car registration/tax(Out of state) – $10/month

Office space(works there) – $0/month

Food(Hes skinny) – $500/month

Gym membership – $20/month

Internet(office, starbucks, etc) – $0/month

Cable(Youtube, see above) – $0/month

Cellphone – $80/month

Gasoline – $100/month

So totaling all of the above assumptions comes up to $760/month  to live in New York. He could potentially work at a job paying $6.33/hour(before taxes) and pull it off. I am so impressed by the ingenuity that I really don’t care why he chooses to live this way. I have heard of tent cities growing in the woods of New Jersey, people living in RVs, people renting rooms, but not people showering at the gym and living in their office and car. The phrase [necessity is the mother of invention] seems to always ring true. Especially in a high rent market such as NYC, you have to be an inventor.

One bedroom studious in the dankest of areas go for close to $1200. Rooming and sharing bathrooms and kitchens start at $800. Your romantic life may suffer as ladies don’t want to snuggle at your office but you could amass a significant amount of saving in a short time and eventually purchase a home. The possibilities are endless when you have cash.

In conclusion. You can make it in New York. You just have to think outside of the box, small apartment or cubicle.

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Drinking the Kool-Aid

You may be surprised but I would like you to know that I actually have a conscience, morals even.
If you have been alive the past few days(no offence to the life impaired) you have been hearing about a shooting of a young man in Florida by another man. This occurrence has been bigger in my opinion than the Oscars, the Emmys, and the Superbowl. Don’t hold me to that proclamation until I produce some screenshots from Google Trends.
Since the republican political campaigns have began a lot of extra fear mongering has been swirling around the collective American conscience. Expectedly gun sales have multiplied their shares exponentially. If I was a gambling man, and I am I would have taken…maybe 80% of my life savings and bought gun related shares. I would have made pay-dirt. Unfortunately for me, I have this little ringing in my ear, I hears its called conscience. I don’t think dead people are sexy no matter what Ozzie or Marylyn say. Can’t seen to stop the ringing in my ear.
Anyways let me get back to my portfolio of advertising, financials and home builders(Chinese). Last week the whole thing fell apart. I lost approximately 7% of my portfolio’s value during the course of last week. Thanks to my Chinese home builder stocks, this week that was cut down to approximately 5%. It is said freedom requires constant vigilance but I say profit requires constant portfolio surveillance. There was a 4 hour window today where one of my stock IOT rose by about 20 cents, then fell about 30. Fortunately, I cashed out within that window on both Chinese homebuilder stocks. My domestic advertising company stocks didn’t do so well so I will hold until the Spring shopping season begins, so probably within the next 2 weeks. Advertising is a constant in business, matter of fact it is the driving force behind the internet aside from pornography. I am down 5% but I have confidence advertising will follow its sinosodial/seasonal behavior.
Now for some dangerous indulgence, I still want to acquire Fuel Cell Energy and Truvia stocks. I’m into technology but most conventional tech stocks. I explained the two companies in my last post. Trust me its tre-cool.
Before I go. I saw an article on Bloomberg today stating that construction shrunk. This is a perfect opportunity to buy construction/home improvement stock. The summer will be here and the government has just allowed the banks to rent all those foreclosed properties. Before you can rent a property it must satisfy certain safety conditions….. you see where I’m going here.
Still make sure to do your research. All the stocks I acquired last week were at the lowest of what I hope to be a seasonal inflection point. All less than $2, with the best performing being closes to $1.
That’s it for now.

Doom and gloom

What does the word gloom mean anyways. Sounds like fun to me. Gloom sounds like glow or glee. Anyways The stock market went bunji jumping this week. I didn’t buy on Monday as the’re was no good news. I didn’t buy on Tuesday because that wasn’t any better. I bought on Wednesday and by evening I was doing well. On Thursday I was kicking myself. Now today, Friday I am still kicking myself. I decided to buy on Wednesday while the two financial heads of the whole country were in a rare occasion together testifying before congress, causing everyone to run for them there hills. I failed to keep up to date on current events. If I knew those two were going to be speaking I would have waited until Thursday or even next week.

Other than Heckle and Jekyl speaking before Congress, the writers at Bloomberg used their influence to cloud men’s minds. One hour they said the housing market is down. Then the housing market eh, not so bad. Then its terrible. Then is great. I couldn’t make heads or tails of it. Bloomberg has to do better as one of the favored sources for financial news.

At the end of the day, I have no one to blame. I should have known Geitner and Bernanke would be speaking. I stepped out of my energy comfort zone this week and played with: CHLN, IOT, PEIX, ROIAK, VVTV. A mix of advertising, energy and housing(in China). Next week if things turn around I have a strong interest in GLGL and FCEL. The former is a producer of a natural sweetener that diabetics can use, the latter a Connecticut maker of fuel cells that run on gas(tre cool).

There is still some lucrative news. Israel has determined they can strike Iran without much blowback. I paid $4.05 for gas yesterday so I will probably revisit my domestic oil drilling companies WRES, GBR and PSTR. With sanctions getting tighter and the dogs of war rabidly foaming at the mouth, domestic fuel producers will get a lot of interest. See you at the crap table.

Petit doomsday

Today the Federal Reserve chairman opened his mouth and threw a fly in the ointment. Come on, even gold lost value. Gold is the doomsday, fear-mongers’ favorite thing to buy. The more people are scared the more money they make on gold. I cant afford gold shares so I’m more of a gas shortage fear-monger. Even though the CIA has said Iran is not developing nuclear weapons, the media keeps saying that they are. Who listens to politicians anyway, unless they’ve been caught in some kinda scandal. I digress.

My picks earlier this week all flopped, I lost a good hunk a change but, I expect fear of Iran and the heightening of travel to bring me to where I want to be. I learned a lot this week. Gained some gray hairs, but I’m sticking to my guns and riding the wave. I’m down now, but tomorrow is another day.

As I said yesterday housing is going to rebound. Not for the regular guy but for the banks, developers and property managers. There was an article on MSN condemning Zillow.com. I see that as counter intelligence  to discourage the regualr guy from grabbing up the cheap houses on the market. There’s nothing wring with Zillow or Trulia, but someone got paid to say so, and of course the comment trolls and mercenaries followed in kind. LOAN lost $0.03 since my suggestion. PSTR and WRES both involved in crude and NG exploration fell almost $0.25 each. So I’m riding the wave until the news of high gas prices comes back around. Misery loves company so though I am disappointed in my pics, I wasn’t the only one who got soaked. Most people were too distracted by the Oscars this week and whatever else was going on TMZ/Extra to be afraid of gas prices.

I’m going to see if this video from Bloomberg will embed. If it does see below……………didn’t work so just clack the link below.

http://bloom.bg/zdOlcO#ooid=huY3VtMzppbeKWhQRafFRiJnrU0xB-e2