Category Archives: Social Issues

Real Estate Thoughts

Discrimination and Real Estate: What Do You Do? – Posted on my Active Rain blog.

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Top 4 reasons to own income property:

  1. Cash flow before taxes
  2. Principal reduction
  3. Depreciation
  4. Appreciation

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We’ve had so much rain in Kansas City that my basement flooded for the first time. That has been a real delight to deal with!

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True story: I am helping some client buyers purchase a home. During escrow the home gets the air conditioner condenser coil stolen and the deal is falling apart because the seller says it’s my buyer’s responsibility! So I send over my AC guy and he finds out here are even more problems with the ac/heat than we were initially led to believe. And the seller wants us to pay for that, too! We’re done.

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Next 4 reasons to own investment property:

  1. Tried and true wealth building
  2. Secure a retirement worth having
  3. Provide safe/affordable housing
  4. Create a hedge against losing main source of income

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If we have the technology and, in fact, the technology is in use…why isn’t it more widespread? Natural gas powered cars are cleaner and cheaper to operate. Hmmm.

surprising kansas city

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Earth Day and Your Home: Energy Saving Ideas

Another Earth Day has come and gone. I didn’t really do anything special to mark the occasion. Nothing out of the ordinary, at any rate. My family and I spent about 4 hours out at Shawnee Mission Park where there was an Earth Day celebration. We didn’t go to the celebration. But we did enjoy what nature had to offer.

We bar-b-q’d. We hiked. We flew kites. We put our feet in one of the lakes. We enjoyed a very small piece of the Earth that God gave us.

I laugh when I hear Democrats and Republicans discuss the ecology and environment in political terms. Is it really a partisan issue? I was really pleased today to hear John McCain give a speech promising to lower carbon emissions for both United State security issues and for the good of the human race in relation to the world in which we live.

Listen. I’m not an eco-radical. Humans need to cut down trees to build housing. But we have a duty to plant more. We need oil to fuel our current state of affairs. But we need to immediately begin finding alternatives. And that is going to cost businesses and the private sector money. Big money. But again, what is the alternative?

I’m not going to rant too long on this issue. I’ve written before about smart growth both for aesthetic and practical reasons. I just want to offer 5 things that any home owner can do to help do his/her part. And if you have investment properties, you can make a bigger impact!

  1. Change out as many light bulbs as is practical. Use the newer fluorescent bulbs. What a difference they can make!
  2. Turn off the water while brushing your teeth. How much water would that save in a year?
  3. Use your ceiling fans more and your air conditioner less. I live in Kansas where it can get to 97 degrees with 87% humidity. I’m not talking about those days.
  4. Service your furnace/ac at least once a year to keep it in top operating condition.
  5. Turn off all the lights, televisions, computers and radios that are not in use.

These are not hard and in fact can help to save you some money. The Earth and the Earth’s population need YOUR help. Won’t you give it a try.

I would love to hear additional ideas.

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Monday Morning in Kansas City

Just a few thoughts on this cold Monday morning;

  • It’s hard to take the scientific proof of global warming seriously when we here in Kansas City have suffered through the coldest winter I can ever remember here. It’s been below 33 degrees for each of the last 4 evenings. Out east they had a White Easter. What is going on? (Actually, I’ve read this is a result of GW.)
  • Staying with the global warming theme (and I’m not saying it’s fact…but very well could be) I believe there is no reason for us not to be doing more to conserve the earth’s resources. If we can do better we should. Take a look at this link. Apparently the technology is real and it is there to cut energy use drastically. Johnson County tax payers even benefit from it. Why are we not using it more? Smart growth is more than zoning. It’s also energy use, aesthetics, healthy.
  • Tomorrow I will be speaking at the MAREI monthly meeting. If you are wanting to find out more about Buy & Hold real estate investing then you will want to be in attendance. I’m going to break it own for you so that you will know what to buy.
  • Speaking of Kansas City real estate investing make sure you read Sunday’s Kansas City Star. Yet another article of crooked people doing crooked things. You may think you know what you are doing when it comes to real estate investing, but are you sure? These people lost tens of thousands of dollars and ruined their credit. But hey! They saved the REALTOR fees!
  • The Kansas City Royals are off to a 2-4 start. This has ruined my hopes for an undefeated season.
  • April’s issue of National Geographic has a great feature on the Flint Hills of Kansas. Beautiful photography (as always) and well done.

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New Urbanism, Smart Growth, Whatever: Just Do It

Before I get started let me just say this. I am not an environmental radical. I do recycle. I drive a small car. I’m for smart growth. I’m for anything that lessens our dependence on oil. However, I also live in our real, modern America and I have a minivan to drive around my family of six, and that vehicle currently uses oil. I live in the capital of suburban sprawl right here in Olathe, Kansas and I’ve been known to leave lights on for days at a time.

New Urbanism and Smart Growth do need more attention. Especially here in the heartland where land is so plentiful and cheap that we tend to squander our natural resources without much thought. Clean up this blighted area and recycle the land with new homes, schools and businesses? Nah, just tract out another 100 acres down by Spring Hill and start building!

There are economic, sociological and governmental forces here at play that are too large for just one guy to make a difference. (And talk about a dysfunctional city family here in the metro…KC doesn’t like Overland Park, Olathe doesn’t like Lenexa, everyone fights with everyone over business…) But I would at least like to bring it to the attention of some of you out there.

On this post you will find several links to sites that I think are worth your time to check out. Building & Philosophy sites, a National Geographic site, community sites like Kentlands in Gaithersburg, Maryland, Cherry Hill Village in Michigan and Orenco Station in Oregon to name but a few. (Imagine Zona Rosa with housing right around it so that people could safely walk to the shops and dining without having to drive!) There are even many blog sites concerning urban policy and growth.

I see hope for this train of thought here in the Greater Kansas City area. After all, the condo/loft boom in downtown and the River Market areas are a direct result of people young and old wanting to live in a community that they are actually a part of. To walk to work and dining and entertainment. To not have to negotiate I-35 each and every day.

I have even seen a few builders here in the KC metro put together some neo-traditional housing neighborhoods. Yes, they lack the overall efficiency of a true smart growth neighborhood and are often built out on empty acres miles from shopping and business centers but they are a baby step in the right direction.

True, we are Kansas City and we have different lifestyle traditions than the people on either coast. No matter how nice, spacious and well put together an all brick, three level town house is people here are probably never going to be crazy about living in one. But maybe we can mix a few in along with some well designed single family homes and surround these around a business center? Maybe we can move forward on the Light Rail for Kansas City down to Waldo. (This subject is sure to bring about a comment or two!)

I don’t pretend to have all the answers to our growth problems here in the United States. Many with my political point of view believe we have no growth or environmental problems. But I think that it is short sighted of us to not look towards the kind of city and neighborhoods we are leaving for our children. To continually strive to make a better city than what was given to us and to have affordable housing, clean air, jobs and first class educational facilities is what I believe most of us want . We just have to come to agreement on how this is to be done.

So long as the discussion is civil, I welcome your emails and comments. Reasonable people can debate issues and look for places of promise even when the disagree on many points.

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