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Author Archives: Lane Bailey

Time for some cool garage touches…

I haven’t posted much in the way of cool garage stuff lately, and I am sorry I have been remiss.  So, in the spirit of catching up a little, here are some handy garage links to some groovy cool products.

Garage Wall Wraps is for those with high end display garages.   While the product can also be used for other rooms (kid’s room, game room, etc.) what it really does is make a dramatic backdrop for staging vehicles in the garage.  Their website is under development, but there are a few cool images there. Tread pattern G-floor

Floors are a tough spot in garages.  To make the pretty, one usually sacrifices utility.  Of course, a lot of the compromise comes down to ultimate usage.  For some of us, those that weld and plasma cut and do some heavy duty wrenching, there aren’t any real great alternatives.  Personally, I am moving towards the idea of segmenting the garage based on purpose.  When my ugly Jeepster stops taking up the whole thing, I will make one side have a pretty floor, and the other side will be for the heavy work.  A product for the pretty side is G-Floor.   It is a roll-out flooring system.  It won’t stand up to welding spatter and plasma slag, but can stand up to things like jacks stands (with some modifications*).  And it beats the heck out of laying on concrete.

Unique GarageSo, kind of bridging the gap between a display garage and a working garage is cabinetry.  The has to be a place to put the tools…  For someone that is serious, built in cabinetry is the answer.  And, why leave it alone?  We tweak our Hot Rods to be a bit cooler.  So, enter Unique Garage.  They make garage cabinets with graphics.

I had mentioned modifying my jackstands.  What I would do with a floor like this is to weld a flat plat to the bottom of the jackstands.  With the corners slightly bent up, and the edges ground with a slight chamfer, they would be less likely to damage the flooring while bearing weight.  Of course, I keep a few welding blankets around as well.

Leading indicators v. Trailing indicators

There are things that tip us off to the coming conditions, and then there are things that we look at to confirm what our gut has already told us.

Leading indicators are things like the stock market. Stocks tend to rise before the associated industries post their gains. Rumor, innuendo and press releases drive stock prices up or down before confirmation.

Wait for the confirmation and you will be watching the boat sail while you are sitting on the pier.

Trailing indicators are the things that confirm what we already thought. The stocks went through the roof, and then the company announces their profits. We see that homes sales picked up two months ago. The government announces a recession or a recovery or an uptick in consumer inflation.

Yesterday, in Forbes, Colin Barr noted that Homebuilders are the hot stock so far this year.

Shares of the S&P Homebuilders Sector Spider (XHB), the exchange-traded fund that tracks the biggest publicly traded companies in the residential construction business, have risen 7% this year. That gain is noteworthy on its own, given the 7% decline in the S&P 500.

But what’s even more dramatic is the huge rally that erupted in these stocks in the middle of last month, right before the Federal Reserve started cutting interest rates in a bid to stave off a possible recession. The homebuilders ETF is up 29% off its early January lows, while components Toll Brothers (TOL, Fortune 500), Lennar (LEN, Fortune 500) and Hovnanian (HOV, Fortune 500) are up 40%, 52% and 96%.

So, is this a leading indicator, or is it an anomaly. Maybe it’s just trolling for bargains.

If it is a leading indicator, the property bargains will start drying up. There is a lot of pent up demand from the recent slowing of sales. If not, the biggest questions are when will the recovery take place, and how much downside is there for the local market?

I don’t see much more than a couple of points for Atlanta and Gwinnett County… and I really don’t see that happening.

1/3 share in Atlanta Thrashers Season Tickets for ’08-’09

As many of you know, we have had Thrasher’s season tickets for quite a while. Our seats are pretty good, too. We are offering up a 1/3 share of the games for the 2008-2009 season. The deadline from the Thrashers is Mar 7th.

Our seats are Sec. 120, row D, seats 12 and 13. They are on the aisle behind the attack twice goal. Since the NHL got rid of the Goal Judge box, the seats have gotten much better. Cost for the share is about $2235. This also includes a parking pass for all of the games at the CNN deck. It has a great entrance that is almost never crowded. We are also looking at picking up a seat that is in the row behind us. If we add that in, it would add another $1050 to the package.

15% is due now, and then we are on an 8 month installment plan. They can pay us by check, or the Thrashers can charge their credit card.

If interested, let me know.

BTW, we select the games by counting off every third game, and then ticket holders are allowed to trade as needed.

Playoff games for this year are also an option.

“Agents” buying buyers… Good idea?

Ok, let me just kind of wade into this one.  I’ll start by saying that Clark Howard and I will probably be on different sides of this issue…

There is a company that hasn’t operated in the Atlanta market yet, but they base a large portion of their business on buying buyers.  It goes like this…

If you are buying a home, they promise to refund a portion of the commission from the sale of the property to you upon completion of the sale.  In effect, it is free to the buyer money that came out of the pocket of the seller (because that is who paid the commissions).

While I am certainly a free-marketer, and have no issues with this company’s business model, there are a couple of flaws:

  • It only works in a full-commission environment… and they spend a lot of time trying to defeat that same full commission environment.
  • It doesn’t draw the highest quality agents.
  • The company flatly states that they can’t afford to spend the time to actually take the “client” to show properties, or even be involved in the search.  The “client” is left to seek out their own properties to view, and find a way to view them.

Let’s look a little deeper at these issues.

Beginning with the first, while telling their sellers that they just have to spend too much money, they give the money to buyers.  If sellers didn’t spend the money, this company couldn’t attract buyers.  So, if their wish to reduce commissions came true… their business model would fold.

On the seller side, I spend a lot of money marketing the property for my clients.  I also spend a great deal of time.  We can’t just enter it into the MLS, and then wait for the flood of offers…  On the buyer side, I spend a great deal of time.  Not just time with the client, but time spent locating properties, previewing properties to save them the time of looking at ill-suited homes, and time learning the contracts and changes… as well as time to learn how to deal with issues and other things that allow me to provide better service to clients.  Finally, with buyers I spend a fair amount of time researching properties prior to offers to make sure that the offered price is fair to the buyer… just offering a percentage of the listed price is NOT assessing a fair valuation.  If I reduce the money from these activities, I would have to reduce the time and activities in order to make it up in volume… Do you get good service at Wal-Mart compared to specialty stores?

Finally, to add a little more to the previous paragraph, and more deeply talk about the third issue…  There are plenty of places for consumers to search properties.  I have a search of all of the MLS listings on my search page.  There are plenty of other options as well… with some level of efficiency.  But, if I were to just send my clients out to see all of the properties on their own, how would they do it?  Drive by?  Open House?  Knock on the door and ask the owner?  How much time would be wasted in their search?

Or better yet, should they call up the listing agent and have them do all of the work… just so that this company can swoop in at the last minute and claim a portion of the sales fee?  That is what they recommend to their clients.

So, if you are looking for a lawyer to represent you in court… do you get the low bidder?  What about when you get your taxes done?  Is the firm that says they’ll do your whole tax return for $29 really the one that is going to make sure you are protected and that everything is accurate… and that you are getting all of your deductions?

Of course not.

So, while it looks great on the surface, real estate is a big investment.  It might be a little better to have someone that actually cares to consult.

Let’s have a little political fun…

I am a partisan… but not for either of the major parties. So, I don’t mind fun being poked at either of them. In fact, I don’t mind fun being poked directly at my beliefs and those whom I support… as long as it is really funny.

I think these are really funny.

And then this one…
I hope you enjoyed a little political fun. If you haven’t watched the videos, they are pretty short… about a minute each.I’ll try not to cheese tomorrow, and get some real estate back into the mix.

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