All Forum Posts by: Connor Dunham

@Chris S. stacking cash. got it. Good luck with your business venture.

@Allen S. I've read the opposite - Cash is trash (especially when the FED goes Burrrr). I am optimistic for Alaska. Net migration is a function of the job market in Alaska compared to the lower 48; we run inverse to the lower 48 in that way. So, you can speculate that this trend will reverse when the lower 48 job market cools off. Another secular shift (which we are seeing) is the rise of remote work. Plenty of people who work in the tech sector are now free to roam. Alaska is not a wide spot in the road or air, but a destination. I expect longer-term furnished to do really well over the next decade for our market. I'm not so much worried about price. It is a function of average/median income for our market and interest rates nationally. I don't expect income to fall for our market, so the only factor of large concern is borrowing rates. I do expect prices to level off or decline as rates go up. We're still relatively cheap compared to the rest of the Westcoast, so I don't expect there to be a huge downside risk.

Hey everyone, You may have seen me reply on here, but I rarely ask questions. For anyone that follows markets closely, it seems pretty clear to me we are approaching a peak in equities. Many people are not holding dollars and hard assets like real estate and commodities are gaining momentum. With a real estate-centric portfolio, what steps are you taking to prepare for a downturn? For me, I'm optimizing cashflow, locking in mortgage rates, decreasing equities, and increasing commodities. Seems a little high-level for Alaska, but I feel we have a lot of room to grow after 6 years in the gutter. 

@Account Closed working on one right now. I prefer to rent as-is and slowly upgrade over time. 

@Trevor Halt We're doing okay in Anchorage. Similar to the rest of the country. I think people give Oil and Gas bigger weight to the economy than job numbers would indicate. 

Source: https://aedcweb.com/wp-content...

9 deg. F today. Could be worse.

I have the same entry in my 1967 split. What are your thoughts on split-levels with railing rather than pony wall? I think it would give less of a walking-into-a-hole feeling. Great job on the finishes!

@Annie Johnson These guys are great: saltedrootsalaska.com

@Annie Johnson More than happy to connect. I do more buy and hold in Anchorage. The valley looks bright for population growth. 

@Manuel E Urrego I've seen landlords cap the maximum cost per month even here in Anchorage. They then split the overage evenly between units. I don't see this as a fair lease term because fuel costs vary and then there are capital credits given to the landlord, but some tenants agree to it so it's on them. I'd prefer to see it based on fuel usage units like CF, or Gallons. Look for baseboard heat that is already zoned separately by unit. You could meter that separately at some point in the future.

@Jamie Rose Natural Gas Utility implementation is pretty slow taking place over multiple decades. Mostly commercial buildings are getting hooked up right now.

@Nicholas Mazdra. No. I just find comps on zillow (recently sold), then email those to a realtor or two I'm friends with and they will help me out with the data. It's good to build those relationships over time.