Bdiddy

Moneyball

My connections tell me that it's going to be a large contract, and someone you've heard of before.

Well, my retirement date just moved from age 67 to 70. Another 2%, and I am ruined.

His refractory period is probably a month, so she has it pretty easy.

The last two girls I hooked up with after sneaking into apartment pools close by my house were way younger and hotter.

I think the "cash" that you take is still reportable on your schedule C, which determines your income. I think the answer is probably not.

I had relatives in Jennings LA and spent a lot of time there growing up in the 60s and 70s. Dr. Nut had a bottling plant there. My cousins loved it. I thought it tasted like Dr. Pepper. We still have an old (empty) bottle.

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I'm surprised, because every pension calculation I have ever done shows a miserable rate of return relative to the market.

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I have a pension, and income annuities, and since I am 65, I do ROR relative to fairly safe bonds. I just did a similar comparison to the one that you mentioned, and my microwave is better than my color printer.

In any conversation around guaranteed income, I would consider vulnerability of financial exploitation from outside and from family, whether your spouse, when in their 80s, wants the responsibility of managing money, etc.

I have a slight majority of my money is in equities, but I am happy to have some money that's missing the boat. Not advocating for everyone.

Last year, I got rid of my 1999 Toyota Tacoma PreRunner, which was still running very well. It had close to 300K miles, and we inherited a newer car. That would have made four vehicles for two of us, so we parted ways with two old cars, one of them being the truck. I really kind of felt that I was betraying a longstanding, loyal, and trusted friend.

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Is there not a NY born and bred businessman willing to step up and throw their hat into the ring?

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No offense, but I don't think you gave that question enough thought. What would be the point of running?

New Orleans is about to elect another great entrepreneur, much like the current mayor. You could ask the same question about any thriving metropolis, like Memphis, Baltimore, St. Louis, Oakland, etc.

For each of the past two days, Nola.com has featured articles on the state of the N.O. and LA residential real estate market. (links below) The first cited a study from the University of MS which ranked LA dead last of 100 cities and BR 92nd. Today, the article was a forecast from Zillow, their 12 month expectation being that six LA cities would have the worst declines of the 300 largest U.S. cities.

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Among the 300 largest housing markets in the country, New Orleans, Lafayette, Shreveport, Alexandria, Houma and Lake Charles are forecast see to the greatest declines in home value index from May 2025-May 2026.

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Ken Johnson, of the University of MS said this.

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"There is one bright and shiny hope for New Orleans," Johnson said:

"A key data point — the price to rent ratios — are very low. That typically signals soon-to-be property appreciation. So, in New Orleans, we might well be at the right buying point."

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He could be correct on that point, but I also think that insurance is likely the cause of the price/rent ratio, and that may not change.

Curious to know how you are feeling about your N.O. or other LA real estate. I own a condo in downtown N.O., which was purchased after losing our home to Katrina. It's now an occasionally-used second home, but by my estimation, it has only appreciated 17% in nearly 20 years. We've had assessments and POA increases, with more likely on the way, much of it to do with insurance costs. I am hopeful that the rate of insurance increases has slowed to be no more than the CPI.

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