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Old 01-17-2019, 05:48 PM
 
2,010 posts, read 470,521 times
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Quote:
Originally Posted by Quietude View Post
...leased, on the stretchiest terms, and thus almost wholly written off.

I long ago lost count of neighbors who were nominally a trade and thus had to have such an uber-truck with their nameplates on the door. Oddly enough, they hardly ever carried any work gear or supplies in these chromed rock-crawlers, but were gone all weekend in them. Huh.
When the tax man comes a'knockin'...
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Old 01-17-2019, 06:47 PM
 
12,165 posts, read 16,889,836 times
Reputation: 17545
Quote:
Originally Posted by Quietude View Post
...leased, on the stretchiest terms, and thus almost wholly written off.

I long ago lost count of neighbors who were nominally a trade and thus had to have such an uber-truck with their nameplates on the door. Oddly enough, they hardly ever carried any work gear or supplies in these chromed rock-crawlers, but were gone all weekend in them. Huh.
And you have no idea how much fun they can be.
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Old 01-17-2019, 06:49 PM
 
Location: Aurora Denveralis
4,740 posts, read 1,554,025 times
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Quote:
Originally Posted by Threestep View Post
And you have no idea how much fun they can be.
Where did I say that? The issue here is how a starting contractor can afford a loaded, customized, top of the line pickup... and the answer, Alex, is "by pretending it's a business expense."
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Old 01-17-2019, 06:53 PM
 
2,010 posts, read 470,521 times
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Quote:
Originally Posted by Quietude View Post
Where did I say that? The issue here is how a starting contractor can afford a loaded, customized, top of the line pickup... and the answer, Alex, is "by pretending it's a business expense."
WHAT IS pretending it's a business expense
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Old 01-17-2019, 07:11 PM
 
Location: Aurora Denveralis
4,740 posts, read 1,554,025 times
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Quote:
Originally Posted by ddm2k View Post
WHAT IS pretending it's a business expense
1) Leasing extremely expensive truck. (Especially relative to actual income.)
2) Putting trade signs on the doors.
3) Not actually driving it for any of that icky, dirty, abusive trades work.
4) Using it as a personal and recreational vehicle.
5) Writing off lease and operation costs as business expenses.
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Old 01-17-2019, 07:18 PM
 
2,010 posts, read 470,521 times
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Quote:
Originally Posted by Quietude View Post
1) Leasing extremely expensive truck. (Especially relative to actual income.)
2) Putting trade signs on the doors.
3) Not actually driving it for any of that icky, dirty, abusive trades work.
4) Using it as a personal and recreational vehicle.
5) Writing off lease and operation costs as business expenses.
I was making a Jeopardy joke... lol
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Old 01-17-2019, 07:21 PM
 
Location: Aurora Denveralis
4,740 posts, read 1,554,025 times
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Quote:
Originally Posted by ddm2k View Post
I was making a Jeopardy joke... lol
I'll take Don't Have a Clue for $500, Alex...
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Old 01-17-2019, 07:35 PM
 
2,010 posts, read 470,521 times
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Look, the real hero here will be the enterprising individual who finds a way to effectively wash and wax the space between the cab and the bed. And actually offers it in a wash package.

Never seen it offered, never seen it done.
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Old 01-17-2019, 09:14 PM
 
Location: Brawndo-Thirst-Mutilator-Nation
15,750 posts, read 15,702,148 times
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My impression is the lower-end of the RE-markets are extremely hot and competitive. Stuff above and beyond that price-range is very much starting to cool.
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Old 01-17-2019, 09:31 PM
 
Location: Boca Raton, FL
4,936 posts, read 8,439,070 times
Reputation: 5610
Smile See below

Quote:
Originally Posted by Serious Conversation View Post
Keep in mind where I am. I'm in Johnson City, TN. Small college metro. Economic base is a university and a regional health system. Not a lot of diversity, and no big price run-ups compared to hot areas. No crashes either.

Originations are down...massively. The local economy has always been challenged at providing decent employment, but there have been no significant negative local economic events vs. this time last year when sentiment was much different.
Florida mortgage broker here - originations have been down, however, there has been a spurt this month since the rates are lower and consumers are very smart.

We have tourists here now and winter residents so it does mask some of what you are saying but my own personal opinion is that the interest rate rise - did have a negative effect.

I think most people remember 2008 and are more aware of the signs, however, we still have more first time homebuyers than homes right now. If a home is priced right, it's gone.
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