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.

17912894-0

17912894-1

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.

Olympics

Who isn’t addicted to the Olympics? It’s the only time in my life when I actively watch TV. It’s the first thing I run to when I get home from work. At work, I’m refreshing the BBC, WSJ, and NYTimes because the tech gods blocked NBC! Uber-annoying.

We were supposed to do trivia tonight, but I cancelled. Gotta get my Olympics fix, especially since we missed watching all of the opening ceremonies because we went out for drinks on Friday. Should’ve skipped drinks. The Olympics only happen every 2 years—yes, I’m talking about both summer and winter.

I have to voice my opinion on Jordyn Weiber failing to make it to the all-around finals. She came in third and the famed gymnastics coach Bela Karolyi said the top athletes regardless of country should make it to the all-arounds. What an idiot. If we made that a rule across all the sports, then ping pong would be dominated by China. Can you imagine watching the Olympic games, a global sporting event, where every contender (say for ping pong) came from one country? Ridiculous. Besides, Weiber almost fell off the balance beam. Her teammate Aly Raisman deserved to be in the top spot, and Gabby Douglas #2.

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/

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?

Training Athletes for M.B.A.s

ATHLTEMBA

John S. Dykes

I wanted to Tweet this great article from the Wall Street Journal, but you have to be a subscriber to view in its entirety. I’m posting here instead. Interesting debate on MBAs catering to athletes. I vote against! Apply like the rest of us and benefit from a class of diverse backgrounds.

By MELISSA KORN

Quarterback, meet quarterly report.

In one of the latest incarnations of a business-school degree program, George Washington University’s School of Business this summer launched a two-year executive M.B.A. program that caters to the busy schedules of athletes and others in the public eye.

Business schools are growing increasingly creative in their offerings as they look to offset declining interest in traditional M.B.A. programs, focusing efforts on one-year programs for recent graduates, international partnerships and, in the case of George Washington, degrees for individuals in niche fields like professional football.

To be sure, George Washington isn’t the first to cater to athletes: Harvard Business School, University of Pennsylvania’s Wharton School and others have long offered dedicated programs geared toward football players through courses sponsored by the National Football League. But those courses, on topics like real estate and entrepreneurship, last only a few days and don’t lead to a degree.

George Washington’s STAR—”special talent, access and responsibility”—program is possibly the first general business degree program for such a specialized group.

Business-skills classes can be particularly valuable for professional athletes, who often find themselves out of work—and out of money—by the time they hit age 30.

But some wonder whether the program perpetuates the assumption that athletes cannot also be academics.

Sanjay Rupani, chief strategy officer at George Washington’s business school, says the specialized program is needed to help the professional athletes translate “their special talents,” as many look to market themselves via entrepreneurial endeavors.

The STAR program’s 22-student roster includes Baltimore Ravens linebacker Brendon Ayanbadejo, former gymnast and Olympic gold-medalist Dominique Dawes and professional poker player Michelle Lau.

The curriculum is similar to the school’s regular executive M.B.A. curriculum, but STAR students don’t take classes with the other students. The classes focus on finance, marketing and global business and cover topics like negotiation and statistics. The STAR students meet as a group six times during the two-year program and complete some online coursework as well. The program costs a total of $95,000, the same as the school’s other executive M.B.A.

Kenneth Shropshire, professor of legal studies and business ethics at Wharton and director of the school’s sports-industry research center, says such a segregated program could be construed as an “M.B.A. light.”

But Douglas Guthrie, dean of the George Washington business school, says that speculation is “puzzling,” noting that the coming February class includes an NFL player who attended Cornell University as an undergraduate. “While it is surely true that some athletes are not prepared for graduate education, many are,” he says.

George Washington’s Mr. Rupani says the application process is rigorous, weighing academic transcripts, personal statements and recommendations. Still, the current class had a 100% acceptance rate because all of the students presently enrolled were specifically invited to apply.

It is too early to say whether other schools will follow George Washington’s lead. Right now, they are channeling professional athletes into their regular M.B.A. or executive M.B.A. tracks.

University of Virginia’s Darden School of Business has former professional football and baseball players in its current full-time M.B.A. cohort, tapping the athlete market without making special considerations for them, like separating them from other students.

Sara Neher, assistant dean for M.B.A. admissions at Darden, says it “would be really wrong for both [athletes] and the regular students in the programs if they were separated,” because the larger group wouldn’t be exposed to the athletes’ insights on teamwork and leadership. “They don’t add value to my Darden classroom if the other students aren’t able to learn from them.”

Wharton’s Mr. Shropshire says it’s no secret that a major component of a business-school education is to network with a variety of students who can become valuable business contacts.

But George Washington says the segregation actually adds value, putting the students at ease by surrounding them with others who may have been more focused on playbooks than on textbooks in recent years. “Our students get to network with other students who bring very similar experiences and perspectives to the table,” says Mr. Rupani.

And being surrounded by athletes is exactly what some of the STAR students expect after graduation. Mr. Ayanbadejo, 35 years old, says he is looking to beef up his résumé before retiring from the NFL and applying to jobs as a university athletics director.

But Scott Jackson, 32, a second-year M.B.A. student at Darden and former offensive lineman with the Tampa Bay Buccaneers and Houston Texans, says he likes being thrown in alongside bankers and consultants. “If you’re segregating yourself into these buckets of athletes, you’re assuming that all of your future business interactions and transactions will be done with athletes,” he says. “It’s just not real.”

Write to Melissa Korn at melissa.korn@wsj.com

American Debt: The Right Perspective, Giddyap

Did anyone catch this article buried in the WSJ a while back? Damn funny and damn true! I’ll copy in the first half, but click on the link at the end for the full article.

Joe Queenan for the Wall Street Journal

Hey Kids, It’s Till Debt Do Us Part

Every time a politician opens his mouth these days, it’s to say that we as a people cannot leave our children saddled with a mountain of debt. Sometimes they throw in our grandchildren for good measure. It’s even more poignant when they say “our unborn grandchildren,” because unborn grandchildren are always pink and cute and cuddly and helpless, whereas our real grandchildren are often nasty little suckers with horrible names like Skyler.

The basic argument is that by leaving our children and/or our grandchildren with enormous bills to pay, we are ripping an otherwise gleaming future right out of their pudgy little hands. This is unconscionable, we are told. This is immoral. This is not the American way.

Who are they kidding? I’m sure that I speak for many when I say that I do not mind leaving my children saddled with debt. After all, they didn’t mind saddling me with it.

It cost me over a quarter-million dollars to send my two kids to fancy universities that I never dreamed of attending myself, and that’s without mentioning all the money that I spent on piano lessons and basketball camp and, oh yeah, that jaunt to Hawaii for a soccer tournament in which my son’s team finished dead last. A tournament that I couldn’t attend because I was back home working my fingers to the bone to ensure that my kids didn’t get buried beneath a mountain of debt.

Toss in the tens of thousands of dollars that I shelled out for trips to the Great Barrier Reef, Paris, London, the Ring of Kerry, San Francisco, Ocho Rios, Disney World and Loch Ness and I’m easily down a half-million bucks on the parenting deal. Notice that I didn’t mention anything about charging the kids for trips to Atlantic City or Canada. I’m not an ogre.

When politicians run their mouths about mortgaging our children’s future, they act like the rest of us haven’t mortgaged our present to guarantee our kids’ future. But we have. We’ve been doing this since the country was born.

Want to live in a country that your parents liberated from British rule, kids? Pay for it. Want to live in a society where you can expect to live past age 30 with most of your appendages intact? Pay for it. Want to live in a society free from Nazis and communists and dictators with preposterous mustaches? Pay for it. Want to live in a society where your parents took on enormous debt to ensure that you weren’t born in the middle of another Great Depression? Pay for it.

Click here to read the rest.

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