Apartment Rental Bust?

An article in the WSJ yesterday projected that, while rents continue to increase, the overall rental market may be cooling as the housing market continues to rebound.

Exactly! Now is the time to put the brakes on the home search and start scouring Craiglist for rental deals. Markets are cyclical. Buy low, sell high. Did we all forget the golden rule of investing?

A quick update on this 2-unit property I was pining for in Rockridge, Oakland. If my condo sale had closed in time, I would have pounced on this.

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It was listed for $825,000 and closed at $910,000. Pretty insane, but worth it considering the guaranteed rental income.

 

Alcohol Binge

Did anyone read the article in the WSJ last week on the unhealthy concentration of bacteria on cell phones? It reminded me of my high school biology class and testing the amount of fecal coliform bacteria we found around the classroom (writing instruments, backpacks, the stools we were sitting on). Anyhow our findings back in the ’90s by a bunch of teenagers were pretty disgusting. The current research by real scientists discussed in the WSJ was even worse.

1 unit of coliform bacteria per 100ml is the limit in drinking water. From a randomly-selected test of cell phones taken from a Chicago office, the research indicated levels between 2,700 -4,200 units. Yuck! These levels lead to diarrhea, pink eye, and all sorts of maladies.

You know what I did this weekend? I thoroughly swabbed with rubbing alcohol our cell phones, keyboards, door knobs, handles…anything that normally doesn’t get cleaned but is touched often. Alcohol is proven to be 100% effective. Note that Apple and Blackberry on their user manuals strictly prohibit liquids (including alcohol) on their products. If you’d rather follow instructions and get sick, follow the rules. I, however, will be on an alcohol binge.

Affirmative Action: Addendum and Life Lesson

I was reading an essay in the Wall Street Journal about affirmative action and the research-based negative results that occur as a result of mismatching. To summarize, the whole process ends up being more destructive than constructive in that students who are admitted through affirmative action tend to be isolated because they cannot perform academically, they tend to abandon majors in math, science, and engineering more quickly than other students, and their self-confidence plummets. They call this phenomenon mismatching because of the wide discrepancy between the rigor of the school and the capability of the student. Hence the solution is to align kids with colleges that are more suitable for them.

One of my roommates at Berkeley (I say “one of” because I lived in a triple my freshman year.) faulted the system for accepting her, yet not providing the resources and the mentoring to help her succeed. She was Latino and eventually left after our 2nd year. She makes a valid point, but I have a counter-point to all of this. And that is…take accountability! I have been saying that a lot lately and think that is the root of most people’s problems: lack of accountability.

Problem: I hate my job. Solution: Take accountability and find something better.

Problem: I have so much credit card debt. Solution: Take accountability and start paying it off.

This is not rocket science, people. It’s called life and life is manageable if you get off your ass and do something about whatever is bothering you or keeping you from finding glory.

Back to affirmative action. If you’ve had your heart set on Princeton and believe you may have gotten in because you’re part Cherokee, then take accountability! It’s not hard to determine whether or not you’re mismatched for a school. Let me walk you through it. We all take standardized tests, yes? What’s your score? Let’s say it’s 1100. I’m alluding to my age because I know the SATs are no longer on the 800 – 1600 grading system I remember. Or are they? I have no idea. Ok back to the example. Your SAT score is 1100. You find the average SAT score of Princeton and you see that it’s 1350. That’s a guess, but let’s just say that’s what it is. All these stats are easy to look up, so no student can feign ignorance. Whoah! That’s a pretty big delta. 1100 compared to 1350? What do you think that tells you about the school you’re about to enter? Mainly, you’re going to have to work pretty damn hard to compete. This is where self-awareness comes to play. Do you think you are a hard enough worker to be able to compete or not? Are you willing to forgo sleep to study your ass off?

Getting into a school and then matriculating should not be a shock. It’s quite simple, actually. As I mentioned in a previous post, I am pro-affirmative action. But given my stance, I would also expect 100% accountability on the student’s part. Know the stats. And be self-aware.

Fashion Friday: Shopping for Men

Guys, this one’s for you. Three online subscription clothing services featured on WSJ.com.

Trunkclub.com

OutfitEZ.com

Bombfell.com

Money Monday: Choose to Save

Found this site through the Wall Street Journal. I’m always drawn to interactive calculators, particularly this Ballpark E$timate one because I got a Congratulations message when I finished.

Check it out. It should help you determine how much you need to start saving for retirement.

http://www.choosetosave.org/

http://www.choosetosave.org/ballpark/

Why Your Parenting Skills Suck

I’m always a bit bummed to hear when close friends are pregnant because I know that our friendship will forever be altered. Parents stop being who they are and devolve into secondary beings whose lives are ruled by these little dictators, otherwise known as American brats.

I’m sure I’ll get flak for the above statement, “You wouldn’t know because you’re not a parent. Wait until you have kids of your own. You’ll see. You don’t understand what it’s like.”

I will say that I do have one friend (I can only think of one) who strikes the parenting balance very well. She doesn’t need to read this post, but the rest of you, please continue.

I recently read an article in the Wall Street Journal that made me feel slightly vindicated in thinking that parents these days are losing sight of their own identity. The author, Pamela Druckerman, is promoting her book “Bringing Up Bebe” about her own experience as an American mother raising her kids in France. It is getting the same critical attention Amy Chua received for writing “Battle Hymn of the Tiger Mother.”

Here is the point that I starred, underlined, and highlighted: “We tend to view whether kids are good at waiting as a matter of temperament. In our view, parents either luck out and get a child who waits well or they don’t.”

She posits that French parenting involves, and possibly centers around “me” time, as in “adult” time. Parenting should not be solely devoted to managing the affairs of your child, running around after them, punishing them, screaming at them, watching them throw tantrums. There should be a set schedule of sleep, meals, play time, and adult time! Most importantly, you need to teach children about delayed gratification. Let them cry. As a friend and new father told me recently, “Kids don’t die from crying.”

Let them be hungry. Ditch the ziplock bag of Cheerios in your purse and let them wait until they’re sitting in their high chair during their set meal time. American children have no self-control. How many times did I snort around the freezer helping myself to bowls (bowls, not scoops) of ice-cream because I was bored! When your kids don’t have their Cheerios when they want them, well hell, your cheery day turns into a teary day. WAHHHHHHH! You know what I’m talking about!

It even starts before your little monster is born. In the book, she describes asking a bewildered waiter if the Parmesan cheese in her pasta is pasteurized. Cuckoo, cuckoo.

Be the parent, the adult, the grown-up. Make the kid fit into your lifestyle instead of you living in their doll house.

Fashion Friday: Linda Rodin

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Photo by Adam Franzino

I read an article about Linda Rodin in the Wall Street Journal and have become an instant fan because she’s so low-key and naturally gorgeous.

“I haven’t worn makeup since I turned 30, except for lipstick which I never leave the house without. It always brightens your face.”

“For my daily regime, I wet my face with warm water in the morning, pat it dry and put my oil on while the skin is still damp. At night, I wash my face with a cleanser like Cetaphil and repeat. I don’t re-cleanse after sleeping.”

Full article here with all her favorite beauty products.

Feeling Blue with the Flu

I’m STILL sick. I must have the flu. I wake up every morning feeling like I got beat up the night before—even though I go to bed before 10pm and wake up at 7:30am. Can’t wait to kick this thing. Plus there’s the Kaiser race on Sunday. I have no energy; I might have to (gasp) walk it. But I’ll save those thoughts for later on in the week.

I’m completely out of wack.

I only consume wellness drinks and chocolate. I don’t feel like eating which is a huge RED FLAG. I typically spend most of my days dreaming of what I’m going to eat next.

Read? Yep, can’t remember the last time I did that. Words on a page…so stressful. I scan the paper version of the Wall Street Journal and flip through San Francisco mags. Have any of you been reading up on the SFMOMA expansion? Pretty incredible.

How to Avoid Fecal Coliform Bacteria on Your Next Flight

There’s a great article in the WSJ today about all the disgusting germs on a plane. I’ll summarize some of the key points.

There’s bacteria all over the bathroom surfaces in planes so don’t just wash your hands, also use a hand sanitizer. That right there makes me think you should always have Purell on-hand in your purse. Also, those bins in the security line that you put your shoes in? Do you think they ever get cleaned? Disgusting, huh? Once again, use Purell.

Open the air vent and direct flow just in front of your face to deflect germs and breathe filtered air. News to me: HEPA filters on jets capture 99.97% of bacterial and virus-carrying particles.

Disinfect tray tables with wipes before using.

Seat-back pockets are often stuffed with tissues and napkins, or worse—the unknown. AVOID.

Hydrate since dry mucous membranes are far less effective at blocking infection. Drink water and use saline spray.

Change seats if possible when stuck next to a cougher.

Avoid pillows and blankets.

Info taken from Scott McCartney’s article in the Wall Street Journal.

Money Monday: Savings Accounts

I’ve got your back when it comes to credit cards, but now I’m soliciting advice, shopping for the highest rate on a savings account. Anyone got one?

I currently have the majority of my cash parked in Smarty Pig, the online piggy bank that was giving me 1.1%. I read about Smarty Pig through the Wall Street Journal. Well the savings account is still giving me 1.1% because the reduced rate doesn’t kick in until Friday. I’m in the process of moving the money into a Capital One savings account paying 0.85%. I learned about that through an email promotion.

Whatcha got? Let’s hear it.

As we head into the New Year, I’ve been keeping a closer eye on my stock portfolio, harvesting losses for tax purposes. Where am I going to put those funds?

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