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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (202396)	5/15/2009 11:29:41 AM
From: TheStockFairy	Read Replies (1) \| Respond to of 306849

they knew there were too many dealerships probably 20 years ago but didn't do anything about it. BK gave them the balls to make the call

To: Smiling Bob who wrote (202396)	5/15/2009 11:33:50 AM
From: TheStockFairy	Respond to of 306849

on the commercial real estate side, one of my friends bought a building for his store last week. he went in to negotiate rent and then asked how much they would sell the building for. they gave him a number of something like 600k, he said he wanted a 9% cap rate which worked out to something like a purchase price of 350k. so the seller went down to 350k and bought the building. if only all negotiations were that clean.

To: Smiling Bob who wrote (202396)	5/15/2009 11:34:39 AM
From: Jim McMannis	Read Replies (3) \| Respond to of 306849

Shutting down these car dealers is really going to hurt. Where do they think most of the ad dollars for the newspapers come from? TV ads will hurt too. Not to mention employment in general at the dealerships. OTOH, some pork money can be allocated for turning them into parks and general beautification. Cities brace for shutdown of auto dealerships latimes.com May 14, 2009 With struggling automakers expected to announce the shutdown of thousands of dealerships starting today, cities are bracing for a wave of blight. The closings will dump thousands of large, oddly configured parcels into an already reeling commercial real estate market. Many are likely to remain empty for a long time, monuments to the decline of the U.S. auto industry and the intensity of this recession.

To: Smiling Bob who wrote (202396)	5/15/2009 1:11:34 PM
From: John Koligman	Respond to of 306849

"Probably produce 10 x's the garbage as well" What makes it worse IMO is that some of our most toxic garbage, in the form of electronics (monitors, etc) gets dumped in poorer nations around the world... Regards, John

To: Smiling Bob who wrote (202396)	5/15/2009 2:15:21 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 306849

Re: usage of energy on FE I found this bit, ohio.com describing what the average residential uses: 750KWh per month. The standard residential customer using 750 kilowatt hours in a month saw an average increase of about 4.4 percent when Akron-based FirstEnergy Corp.'s (NYSE: FE) new rates took effect in January. That included changes in what are called distribution and temporary generation rates. But some high-demand users like the Forguses and others who had special rates for electric heating have seen much higher increases. On average, the Forgus house uses about 2,300 kilowatt hours (kWh) per month, or three times the standard customer. I found this odd. I live in an all-electric home and run up slightly over 400kwh a month.

To: Smiling Bob who wrote (202396)	5/16/2009 11:28:30 AM
From: Dan3	Respond to of 306849

Re: It was just recognized there were too many car dealers. Next comes the realization that there are too many dealers of nearly everything. With the current economy, yes, but if we were to eliminate the bankster tax, we would be just right. The function of the financial sector is to collect savings from one group of people and loan them out to another group. They're like clerks in a store a store that check that your check or credit card is valid, they exchange it for merchandise. Somehow the current gang of thieves have managed to bribe their way into a situation where they're taxing the general economy to the tune of about 35% of all earnings in exchange for performing this service. And they've been doing their jobs very, very, poorly while charging huge rates for doing it. Technology efficiencies due to automation should have the banksters "cut" of the economy down to about 5%. The banksters union makes the teamsters and UAW look like Mother Teresa... Remove that 30% excess tax the banksters have put on the real economy and you'd need all those stores, homes, and jobs.