3 Tweet Sunday - June 30, 2024
🏠 3 Tweet Sunday 🏠
The city greased me. No backyard Airbnbs for me. Zoning is crazy restrictive. No mobile homes. No live in RVs. I can build an ADU or a house. Short term rentals aren’t allowed on ADUs. The city hall lady had the nerve to tell me the new ADU laws weren’t passed so people could make money on short term rentals. They were passed to help fix Arizona’s affordable housing crisis. Interesting strategy. Pass laws to promote affordable housing. Then add so much red tape/zoning restrictions to make building ADUs/homes prohibitively expensive. So no one builds them. As I was leaving, I asked the city hall lady how long it would take to go through this process. She said it could take 6 months before we get to permits. So 6 months before I can start building!? Crazy. I can grab some dudes at Home Depot and rip a house across the boarder in Nogales before the weekend ends.
I almost lost my car this week. It was my second trip to the Nike store. I ordered the wrong shoe size twice. That’s the problem with online shopping for shoes. You never know how they are going to fit. Anyway, I returned the shoes, and walked back outside. My car was nowhere to be found. I walked in circles for what seemed like an eternity. It was so hot. I almost called an Uber and abandoned my car. Luckily I found my car. Still waiting on the Nikes. If I have to return them a third time I will be furious.
Let’s get to it:
#1 🏠
Finding a good deal has probably always been hard. If it was easy everyone would do it. But good deals are definitely harder to find now, then they were a couple years ago. I remember looking on Zillow and finding properties with pretty solid cash flow all the time. Now, not as much. Major house appreciation + rates jumping up 5% does not make cash flow easier to find.
#2 🏠
American cities should be designed this way. I love the walkable cities. Now that I’m back in Phoenix, my couch time has increased ten fold. In Argentina I had to walk everywhere. No wonder so many Americans are fat. That and the poisonous American food. Phoenix doesn’t feel like a very social city to me. The city won’t let me put a trailer in my backyard, so I can’t imagine they are going to be the ones to adopt/allow this Euro design.
#3 🏠
I haven’t entirely given up on the backyard Airbnb idea. I read an article recently that said the way you succeed on Airbnb is by having awesome amenities. The article’s example of a great amenity was an indoor pool. It was some elaborate cave pool that cost $300k. That’s going to be out of my price range. Does a jail cell count as an amenity?