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Old 01-19-2018, 03:04 PM
 
2,360 posts, read 1,041,823 times
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Quote:
Originally Posted by UNC4Me View Post
Per the link you posted dated in 2008: The suit was against the state of Wisconsin over a law enacted in 1939. The law was passed in an attempt to keep large gas companies from undercutting small ones to the extent they were put out of business. Some stations claimed the state wasnít enforcing the law and sought redress. So no, it wasnít a suit against gas stations colluding to fix prices.
Here is some examples btw
Firm sues Wal-Mart for selling cheap gas | Jacksonville.com

Few more searches points to gas stations selling below cost to drive up business and other stations wasnt doing that and losing business..
https://www.denverpost.com/2005/07/0...-legal-battle/
https://csnews.com/speedway-sues-nj-...w-cost-gas-law


but back to topic....
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Old 01-19-2018, 03:16 PM
 
5,612 posts, read 4,180,293 times
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Quote:
Originally Posted by hitpausebutton2 View Post
Here is some examples btw
Firm sues Wal-Mart for selling cheap gas | Jacksonville.com

Few more searches points to gas stations selling below cost to drive up business and other stations wasnt doing that and losing business..
https://www.denverpost.com/2005/07/0...-legal-battle/
https://csnews.com/speedway-sues-nj-...w-cost-gas-law


but back to topic....
You do know that anyone can bring a lawsuit? Whether they prevail or not is another issue altogether. Did the stations suing over lower prices at other stations win or lose?

Also, you do know there’s almost no margin in gas sales? After paying for the gas, they make around 3 cents a gallon. It’s not like they have a lot of room to work with. They make far more on the .99 cent Coke you buy inside the station than the gas you pump into your car.
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Old 01-19-2018, 03:21 PM
 
2,360 posts, read 1,041,823 times
Reputation: 2071
Quote:
Originally Posted by UNC4Me View Post
You do know that anyone can bring a lawsuit? Whether they prevail or not is another issue altogether. Did the stations suing over lower prices at other stations win or lose?

Also, you do know thereís almost no margin in gas sales? After paying for the gas, they make around 3 cents a gallon. Itís not like they have a lot of room to work with. They make far more on the .99 cent Coke you buy inside the station than the gas you pump into your car.
Yea i know that.. but why waist the business owner time for few pennies in gas sales to sue them. Most of the suits were won that were against big box name stores. But still..
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Old 01-19-2018, 03:36 PM
 
Location: midvalley Oregon and Eastside seattle area
2,989 posts, read 1,375,102 times
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Quote:
Originally Posted by hitpausebutton2 View Post
{post#10}
So joe is raising rent because he can ,now others LL will do the same because Joe is doing it? Goal is take much as possible from the person due the fact they have "disposable" income. Talking about highway robbery.. Easy terms its not hard to have a Low COL its just business wants to max out their retail fees because the person has a increase in salary. Then this drives out the person making $10 a hour now..
I think you are over simplifying and not recognizing competitive forces.

So This "joe" drops rent in 2015 when we bought to this rental within walking to AMZN. The previous Joey had made a financed purchased in 2013 and needed to have a rent high enough to justify this place. Us, joe, cashed out Joey who made a nice profit in the 15months of ownership plus whatever rents received. Us, joe, reduced rent to get a tenant but high requirements. Current renters are young ladies, minimum wage earners, just starting out. We are holding their rents because: 1st, they are good tenants; 2nd because new rental units are coming on the market; 3rd we don't want to go thru the process of finding new people; 4th, Other units in this building have comparable rents; 5th;we intend to improve the unit by adding air conditioning (already purchased) without rent increase

We think that a 5-7% return on Risk money is fair in today's investing climate. To give you some idea on Risk-Rewards: 2017, Our Annuities returned, net fees, 9-12%; SP500 @18%+; My Trading acct +18% with high cash holdings. We have a lot of cash in this rental and 5-7% is small for a LOT of risk from potential bad tenants. I could have redirected the money into other investments with better Risk factors.

BTW, our previous renters were CPA + MD. Our rent looked cheap to them and they moved on to a purchase. We held the rent to the next tenants.

Last edited by leastprime; 01-19-2018 at 04:19 PM..
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Old 01-19-2018, 05:01 PM
 
2,360 posts, read 1,041,823 times
Reputation: 2071
Quote:
Originally Posted by leastprime View Post
I think you are over simplifying and not recognizing competitive forces.

So This "joe" drops rent in 2015 when we bought to this rental within walking to AMZN. The previous Joey had made a financed purchased in 2013 and needed to have a rent high enough to justify this place. Us, joe, cashed out Joey who made a nice profit in the 15months of ownership plus whatever rents received. Us, joe, reduced rent to get a tenant but high requirements. Current renters are young ladies, minimum wage earners, just starting out. We are holding their rents because: 1st, they are good tenants; 2nd because new rental units are coming on the market; 3rd we don't want to go thru the process of finding new people; 4th, Other units in this building have comparable rents; 5th;we intend to improve the unit by adding air conditioning (already purchased) without rent increase

We think that a 5-7% return on Risk money is fair in today's investing climate. To give you some idea on Risk-Rewards: 2017, Our Annuities returned, net fees, 9-12%; SP500 @18%+; My Trading acct +18% with high cash holdings. We have a lot of cash in this rental and 5-7% is small for a LOT of risk from potential bad tenants. I could have redirected the money into other investments with better Risk factors.

BTW, our previous renters were CPA + MD. Our rent looked cheap to them and they moved on to a purchase. We held the rent to the next tenants.
Like i said, bait and switch.. just like a use car dealer. Get you in the apt and on a lease then raise the rent.. when next person moves out, you just do it all over again. I have yet to be in a apt were everybody is paying the same rent, for EXACT same SQ and style.
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Old 01-19-2018, 05:15 PM
 
Location: Aurora Denveralis
3,203 posts, read 1,089,079 times
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Yes. Absolutely. No question. It would be wonderful if the world were completely fair and economic forces were level for everyone and all the predators died from terminal bile-strangulation and we all had exactly what we wanted at any price we cared to pay.

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Old 01-19-2018, 05:57 PM
 
Location: Saint John, IN
10,653 posts, read 3,351,857 times
Reputation: 12766
Quote:
Originally Posted by Quietude View Post
No, you keep accusing me of demanding people do research for me, and that's not the case. I've studied consumer behavior, including employment trends, for quite a while. Remote working is not any big deal to my interests so I cop to having a broad but fairly superficial view of it... but I worked in tech for years, have friends who do, and tend to keep an eye on things there for other reasons. I have also worked as a remote provider/contractor for clients around the globe for well over a decade - but I don't consider myself a "remote worker."

My conclusion is that most workers who are (1) fully employed by a company and (2) work from a truly remote location like home or an individual office are (3) in IT, software development or a closely parallel field. I simply don't see any large number of remote workers in any other field. I am curious about what I may have overlooked.

But the posts here are "Oh, I work remote and have five friends who do" - but in IT. Or "I know a tax accountant who works remotely." Or "Wow, there are lots of things that can work remotely [insert list of occupations]." Or even, marginally more usefully, specific instances of workers... who are temp, contract, or outside consultants and thus really work for another company altogether and are remote only through convenience.

So I am politely asking for some substantiation of remote employees - emphasis on both words, as above - in fields that are not IT/SoftDev based, in any significant numbers. I'm sure there's a "remote worker" in every field imaginable, but the assertions in this thread are that there are a number of non-tech fields with significant remoters... and no one has backed up that assertion. I'd be genuinely interested in data on this, even from business-journal levels.

But you're free to smirk and ignore the topic, too.

- Your BFF, Snowflake
I said this earlier.......... Many insurance companies now have their employees work remotely!

MOST insurance underwriters AND Claims Adjusters work remotely as well as claims Specialists and these are for the LARGE insurance carriers!


OP, just curious....Do you live in the U.S. and if so what state? From your posts I'm starting to think that you do not.
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Old 01-19-2018, 06:07 PM
 
Location: Saint John, IN
10,653 posts, read 3,351,857 times
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Quote:
Originally Posted by hitpausebutton2 View Post
Like i said, bait and switch.. just like a use car dealer. Get you in the apt and on a lease then raise the rent.. when next person moves out, you just do it all over again. I have yet to be in a apt were everybody is paying the same rent, for EXACT same SQ and style.


And I said this earlier as well.......the advantage of owning your own home is that you can get a fixed mortgage payment that never increases (unless insurance and taxes go up but that's another topic).


OP, if you are not happy with how renting works then you should try to purchase your own home. Landlords are in it to make money, not to purchase a property for someone else to live in and not make a profit! That's the whole reason why real estate is such a great investment!
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Old 01-19-2018, 06:29 PM
 
2,360 posts, read 1,041,823 times
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Quote:
Originally Posted by CGab View Post
And I said this earlier as well.......the advantage of owning your own home is that you can get a fixed mortgage payment that never increases (unless insurance and taxes go up but that's another topic).


OP, if you are not happy with how renting works then you should try to purchase your own home. Landlords are in it to make money, not to purchase a property for someone else to live in and not make a profit! That's the whole reason why real estate is such a great investment!

I am trying to get a home. Their is some things i have to do to please the gods.. but overall its going well.. Just process, process and you know.. process. ($$$$). Just a waiting game on the FICO to update and credit companies due process. The other issue is like you said, some buy to flip, and doing so limits my choices. You get those that rush in when the home is cheap, put a contract on it and flip it, and never really step foot in it. Wish they would limit this process as it ruins some great deals for the average home buyer who wanting to live their, not flip it and run. Kinda like what OIL speculators does. If they had to take inventory, they wouldnt be jacking up oil prices. I understand they are in it to make some cash, but doing so puts a huge strain on a already selective market. You out price it for the low in workers who are your renters, and price it for the high end group that really doesnt need to rent. They do it because they dont want to buy a home.
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Old 01-19-2018, 06:31 PM
 
Location: Aurora Denveralis
3,203 posts, read 1,089,079 times
Reputation: 4139
Quote:
Originally Posted by CGab View Post
I said this earlier.......... Many insurance companies now have their employees work remotely!

MOST insurance underwriters AND Claims Adjusters work remotely as well as claims Specialists and these are for the LARGE insurance carriers!
Your anecdotal contribution is noted and appreciated.

Yes, I live in the US. Used to live near Hartford, as a matter of fact, so folks in the insurance game are not strangers to me. All of them that I knew commuted into town every day.
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