Property Value Reappraisals

Franklin County and surrounding counties are releasing their property value reappraisals in 2017. This includes Delaware County.

Franklin County

In Franklin County, you can see your new 2017 “Tentative Value” by searching your property on the auditor website. You can reach the property search page by clicking “Useful Links” on the menu on the left of this page. The Tentative Value report for your property gives information about the reappraisal process. If you choose to dispute the value, you can contact the Franklin County Board of Revision. Be sure to arrive with a professional appraisal, and if you own your property through an LLC, you must be represented by a lawyer.

Delaware County

You can search for your Delaware County new appraised value by clicking here.

Delaware County reappraisal information can be found by clicking here.

Straight to the Source

Several stats are most often quoted when talking about the real estate market. Current inventory, months supply of inventory, and median sale price, for example. How can you look these up yourself? You don’t have to be a Realtor® to do so. These stats are available on the Columbus Realtors® website.

http://www.columbusrealtors.com/stats

For example, we have heard that the inventory is low. How low is it exactly? Months supply of inventory is the number of months it would take for the current inventory of homes to sell given the current pace of sales.

  • In June 2017, Franklin County had 1.4 months of supply and Delaware County had 2.3 months of supply.
  • Central Ohio in general in June 2017 had 1.9 months of supply.
  • 6 years ago, in June of 2011, Central Ohio had about 10 months of supply.

Indeed, the inventory is low!

I had to go to the archive to get the 2011 statistic, but all are available at the link above.

America’s Eclipse!

Monday, 21 August 2017 at 1425 Eastern Daylight Time, Centered Near Cerulean, Kentucky

www.eclipse2017.org

Eclipseville, Hopkinsville, KY, home of longest totality and Eclipse Con

You have to see the total eclipse! This guy says it best: http://www.eclipse2017.org/2017/close_enough.htm

Click here for a NASA animation of the eclipse. You’ll see why it is America’s eclipse. It could not be better lined up for us.

Click here for a map with Zulu time. Subtract 4 hours for eastern daylight time. Subtract 5 hours for central daylight time.

How fast is the shadow moving? It depends. Answer

NASA Countdown

NASA Map

The Eclipses You (Might) Remember

10 May 1994. I was finishing 4th grade. I remember going outside with the glasses. The view was pretty good for Ohio. However, this was an annular eclipse only. NOT AS COOL.

30 May 1984: This was an annular eclipse that crossed the southeast US. Maybe some people remember? NOT AS COOL.

7 Mar 1970: This total eclipse moved up the east coast of the US. Partial may have been visible from Ohio. NOT AS COOL.

20 Jul 1963: This total eclipse crossed Canada. NOT AS COOL.

30 Jun 1954: This total eclipse started in the US, then went up over the north pole and ended in Asia. NOT AS COOL.

9 Jul 1945: This total eclipse started near Montana and ended in eastern China. Many Americans had a legitimate pass to not travel to Greenland to see this one. The world was kinda busy during July 1945.

7 Apr 1940: Annular eclipse that crossed Mexico, Texas, and Florida. The Nazis were in power, and Pearl Harbor was attacked 20 months later. Anyone drive south see this one? Comment below.

28 Apr 1930: This total eclipse crossed the US northwest less than a year into the Great Depression.

24 Jan 1925: This total eclipse started in Canada and crossed the northeast US.

8 Jun 1918: This total eclipse ended by crossing the US from Washington to Florida. World War I ended 5 months later. Hopefully you weren’t one of the 50 – 100 million people worldwide dying of the flu pandemic that was raging at the time. There are roughly 28 living Americans who were at least 11 years old that day.

22 Oct 2137 BC: 120 years more ancient to Jesus than Jesus is to us. Apparently visible in China, but an unfortunate surprise to the astronomers of the day.

Upcoming

It looks like we actually have some good ones coming up.

8 Apr 2024: Ohio’s eclipse.

12 Aug 2045: over 6 minutes of totality on this one.

What’s Normal, We’re Not

We are truly different. Our everyday lives are different. America is more different from every other country than any other 2 countries are from each other. Here is how:

1. Consumer Culture

Goods are so abundant and cheap that producers systematically create demand with advertisements. The result is bright colors everywhere representing the well-organized system professionally designed to make us want stuff. This is so omnipresent in our culture that we don’t realize that it’s there. Our system of advertisement reaches around the globe now, and it stands out everywhere else it appears (McDonald’s, Coke, Viagra, etetera).

2. Cars

We each have one. We drive mostly alone. Carpooling is the exception. We park close when we can, pay to when we can’t. Cars are our status symbol for which we spend 6 months to 2 years up to a lifetime of income.

3. Strong Institutions and Rule Following

We trust our institutions. From the government to our universities even to our franchises and brands like Coca Cola and McDonald’s. They consistently tax us, educate us, make our favorite treats, always convenient parking, meet and exceed minimum service standards, and a free bathroom when you need it.

We trust institutions over people. We will invest our life savings in a faceless stock in the stock market, but are much more hesitant to invest in a local business whose owner we actually know.

We stop for traffic lights with nobody around. We pay our taxes. Corruption surprises us. The roads are straight, fast, aligned at perfect right angles. We drink alcohol in specific regulated places at specific times. Next time you walk down the sidewalk in Las Vegas and think it’s cool that you can carry a beer with you, remember, that’s the only thing really normal about Vegas!

Some of these things seem unrelated, but I don’t think so. We are unique in having a mostly stable government that is older than the population, and we accept its authority. Most of us arrived since the constitution was adopted in 1789. Name another country in the world whose current government is older than its people. Egypt or China? Mexico? No. No. No. Any South American country? No. Some theocracy? No, not like us.

4. Sugar as a Food Group

You notice it in the people immediately upon arrival at a US airport.

5. Security

You probably won’t be robbed at a US airport, bus station, or in most public spaces. America has never been invaded. We expect security. We expect our government to counter threats, and it does.

6. Air Conditioning

We don’t just air condition for some comfort and relief. We refrigerate our spaces. Nowhere else in the world I have ever been can afford to do this, or has buildings air-tight enough for it.

7. Television

 

For better or worse, our lives are different. We adapt everyday. Adaptation is so ubiquitous we aren’t even aware of it. We are living an experiment from which came many of the greatest improvements in our lives, … but it is an experiment. It has not run its course. The US accounts for just 6.6% of the land area of the world. It has been less than 200 years since the industrial revolution, out of more than 1 million years of human history. As a population, as a culture, we are shocked, adjusting, and changing. We will not live to see the conclusion. The only thing known so far is that we are not normal.

I live in the US, but mostly without the things on that list. It is liberating to at least identify the ways in which we are different. They are the stressors in our lives. To see people shop as a hobby, drive, follow conventions, sip sugar water, follow years’ and decades’ worth of TV series, and refrigerate their living space is like stepping into a hyper-modern future world. You might think I’m crazy, but the reality is: we are.

When I arrived in Germany in December 2008 to backpack for 2 weeks, my first time leaving the country, I was shocked at how un-shocking things were. People were people, living like people. No big deal. I arrived in Afghanistan in January 2011 for a deployment. I remember that of course, but the adjustment there mostly involved the job to do. After a half year there, the real shock was returning home. The colors! The information! Options! What to do?! That returning home shock doesn’t seem to wear off. I have left the country for 6+ months 5 separate times now, to Afghanistan, Japan, and Brazil. Each time I return, I am shocked by how shocking it is to come home.

Over the last year or so, I have spent a lot of time listening to history lectures from the Greeks through today (I recommend The Great Courses, available on Audible, they are awesome). I started with world history for a while, then recently listened to 2 sets of lectures on American history. The shock is the same when learning about history. There is no precedent for America, neither from distant continents, nor from the distant past. America is America. It stands alone.

America is different. America is far from normal. Travel. Travel anywhere in the world, and when you see normal for the first time, remember that you are seeing normal outside the US. Only when you return will you see what is truly remarkable and special. America.

Ventures Update July 2017

695 Riverview Drive

I said I would never live in it. I live in it now. I said I would never manage it myself. I manage it now. So glad. Awesome location, saving money, and making money all at the same time.

Real Estate Agent

What a great deal. I highly recommend becoming an agent. It costs ~$2,000 and a couple evenings a week for 2 months. You learn a ton about something that affects everybody. $2,000 is the commission on a $70,000 house. Worth every penny.

Kineomen

Kineomen has several balls in the air. Each is unique. Success in any single venture would be very good. They are all early stages, but each is going well.

Park City Holdings

Park City Holdings will invest primarily in mortgage instruments, focusing on discounted non-performing mortgages.

Simple Kneads Gluten-Free Bread

Simple Kneads continues to grow into its vision of becoming the national gluten-free brand.

Vino de Coco

I still plan to visit the Philippines.

Other

www.coldcall.tv

www.youtaxi.tv

I started a small art gallery in my apartment:

Videos

I have decided that videos are the way to communicate on the internet. I tried making a “no more writing” rule and only do video. However, videos take time and I have a minimum quality level that I’m willing to put out there. I am hiring a video producer ASAP, starting with a college student at $12 / hour.

Around the World in Columbus

I want to do a video series of interviews with immigrant restaurant owners in Columbus, Ohio. Columbus is often considered the token “boring city,” but we are a melting pot with many interesting stories waiting to be told! I am considering taking a film class to give me the connections required to take on this project.

The Stock Market

I have closed my retirement accounts in favor of actively managing the money and accepting that I will pay taxes.

You Taxi Advertising

Have you ever tried to make an advertising video? I have. It is difficult. What is even more difficult is to make it look natural and compelling.

www.youtaxi.tv

Gives you the chance to give your 2-minute taxi sales pitch to the whole world in a natural setting that viewers are well accustomed to seeing (the back of a taxi). The driver records a natural conversation with you asking about your product or service, takes down some of your some basic information, you sign up for a unique link to your video (youtaxi.tv/RR34 for example) and youtaxi.tv hosts your video for $5 per month. Share it with your friends, or even start an ad campaign that links to your simple video. Scale that taxi sales pitch!

Buying a Condo?

Ask your real estate agent about the “condominium checklist” provided by the Columbus Board of Realtors®. It gives you a list of documents that your seller should provide to review before purchase.

For example, you should get a copy of the condo association by-laws so that you know rules like if renting your unit out is allowed, and also be able to see the finances of the condo association to verify that they are in good standing.

Click here for all real estate posts on this site.

Cold Call TV Video Submission

Everybody hates being cold called, channel your inner frustration and market right back at them with video advertisement directed at telemarketers.

www.coldcall.tv

The TV channel to which you direct those annoying telemarketers. In the 1 second it takes you to say “coldcall.tv” you say everything that’s on your mind and hang up on the telemarketer before he hangs up on you.

The Possibilities are Endless

  • Next time you receive a cold call, hang up and take a video selfie of what that telemarketer interrupted. Get ’em with guilt!
  • The telemarketing companies are the real enemy. Telemarketers hate their jobs. Convince them to quit. Entertain them. Waste their time.
  • Looking for employees? Advertise your job posting here. You know they’re searching.
  • Do you have something to sell? Anything? Put your ad here and counter-market right back at them.
  • Are you a telemarketer? Organize your colleagues to–I don’t know–walk out all at once one day so we never have to be cold called again!

Submit Video Here

Comment on this post with a link to your video and start directing telemarketers to coldcall.tv.

Real Estate Investors: Where to Focus June 2017

This is one man’s opinion, mine, on the current real estate market conditions. You can be successful in any of the categories if you are good. However, each market better supports certain efforts.

1. Choose the Right Market and Location

Always choose the market you know.

2. Wholesaling (find motivated sellers)

Wholesalers are sources of deals right now, which is rare. I believe wholesalers are doing well right now.

3. Real Estate Agent

With record low inventory, every house for sale creates a buyer frenzy. Buyers are 5:1 or 9:1 depending on who you talk to. Real estate agents need sellers (and we know it).

4. Retailing (buy, improve, sell, “flipping”)

This is my pick!

Retailers create value and thereby create inventory, which is currently scarce. If you can and are willing to work, contract, or hire contractors, your efforts will be rewarded by desperate buyers!

5. Landlording (self-managing your properties or for hire)

Managers are always in high demand. Currently, investors who are enjoying great rental rates and a good economy are looking to off-load their headaches and hire management. Managing is a good choice.

6. Lease-Option / Rent-to-Own

Lease-options are seller-driven, typically when sellers have difficulty finding buyers. These are currently rare because buyers are so abundant.

7. Be the Bank / Invest

As an investor, I do not like to do this, but I have to pick this as currently the least desirable category. At no time in recent history has money and capital been so under-appreciated. Interest rates held at record lows by government policy and foreign investors desperately seeking returns have driven prices sky-high. Apartment buildings are selling at sub-6% capitalization rates in some places and home prices are outpacing appraisers’ willingness to comply. I personally am keeping my money on the sideline except to quickly bring inventory to market and sell it.

Long-term fixed-rate loans with low rates are hard to bet against, but before you lock yourself in, do a quick calculation on the monthly payment of a potential buyer in 5 years who will likely be buying from you with a normal interest rate on his loan. Your rate is low, your payment is low, but the prices reflect that.

The very last thing I would do is pay current market prices with a variable rate loan. Current conditions could not be worse for this type of investment. I personally have a variable rate loan on my apartment building and I am seeking to lock in the rate for 5 years because that is the longest typically available for a commercial loan. Fortunately I paid the 2013 price so I am way up. I am not selling, but I would not pay today’s price.

These are all my opinions. Please comment. All discussion is welcome.

Produce. Persist. Own. Succeed. Fail. Care. Do. Learn. Win.