All Forum Posts by: Scott Mac

Supply and demand

Workforce = supply / jobs = demand

When there is more demand than supply the prices go up, meaning the wages should go up.

The last thing most W2 people want is two workers competing for every job they'd rather have two jobs for every worker and those jobs go unfilled because then wages will go up they will have to if they want to fill those slots.

But the W2 workers are really going to benefit from this, and the employers if they want to expand they'll have to pay for it in extra wages to attract the working force they want.

Blue collar white collar and professional jobs.

We have a great workforce in this country waiting to be trained.

Just my 2 cents.

So you want to evict someone who is paying you $25 a month more than the standard rent.

Someone who seems to be in compliance with the contract.

It seems like under the contract the renter has the option to choose this.

You want to turn down $300 a year extra free money and throw this person out?

On top of that you're going to incur downtime for the turn as well as cleaning costs and Etcetera.

Although maybe for you that's a good decision I don't know, I'm just saying from my standpoint it looks like you're turning down free money.

On the other end of the spectrum you risk her failing to pay and slipping quite behind to where you have to evict, unless she just moves out.

I don't understand why you would turn down $300 a year extra in the rent?

Just my 2 cents.

As far as me personally, with things like this, instead of looking for who is to blame for it, I like to think entrepreneurially if there is a way to make a buck on it.

Just my 2 cents.

What about the big lion In the room ? ? ? 

Cold hard money in the bank for closing costs, down payments, cash reserves for hard times, cash reserves for capital expenditures, cash reserves for insurance, etc..

Theories are all in well, but when reality hits it's cash that's needed.

And while you can say you can stack things up like a house of cards borrowing against one  property to fund another , yes you can but that tends to wipe out your cash flow postponing owning the properties outright and increasing risk of loss through foreclosure . 

Just my 2 cents!

They still seem to use unionized skilled labor:

https://www.youtube.com/watch?v=dg4ODawVELc

 I think that number is not the number that ends up in the paycheck of the worker.

I think a big part of that is the price of the benefits, these workers get some great benefits through their union (but you can't spend benefits).

Here is a breakdown

$17 an hour as a lot less than $70 an hour

https://www.google.com/search?q=What+is+the+average+salary+of+an+auto+plant+worker+in+the+United+States&rlz=1C1RXQR_enUS1127US1127&oq=What+is+the+average+salary+of+an+auto+plant+worker+in+the+United+States&gs_lcrp=EgZjaHJvbWUyBggAEEUYOdIBCTEyMDQ5ajBqMagCALACAQ&sourceid=chrome&ie=UTF-8

I am a total supporter of Detroit, but I have to say if I were on the board of directors for the maker of any major America vehicle I would want to take A good hard look at areas other than Detroit based on Having taxes nulled out for so many years.

Putting in an auto plant is a Big hammer to swing financially - it brings a lot to the area . 

They say that the auto workers make $70 an hour , but I think a huge part of that is in benefits . 

The actual paycheck money that the worker gets I think is much less than that . 

And so much more now is done by computerized robotic equipment , such as welding and spray painting . 

The other side of the decision coin of where the place these plants and factories is the saying " The know how that runs generations deep in all of us", Meaning A workforce that is ready and willing to do this type of work . 

I doubt that the old damaged from the riots buildings would meet the standards of this new century It would probably be better to build new, but then you need rail lines and heavy duty electrical. 

But they are on the taconite trail.

But as far as choice of location Detroit is Car Land - the Motor City.

And I think that might hold a lot of sway with the decision makers on the boards, even Mercedes who produces a vehicle in the USA.

But we have to be realistic about this, It is possible that they may locate facilities in areas where they get tax breaks if the Motor City does not offer those tax breaks to them.

Because the Detroit of old, under Mayor Cavenaugh (And his idea men), Is not the Detroit of now.

And like I said above I am a major supporter of Detroit getting back on the map.

Just my 2 cents.

Maybe instead of ill defined, We could look at it as openly defined, in other words it can have the meaning that you personally give it.

 Being an entrepreneurial person, leads me to for lack of a better term, let the horse have his head- meaning let's just see where this goes.

Ouch-!!!

And no reserves, double ouch...

 Hundreds of homes - Arson.