Pallet racking, again. Is the crash coming?

[5030]

I habitually scan CL and FB. I see many ads for lots of pallet racking, file or storage cabinets, desks and chairs. It looks to me like businesses are closing shop, liquidating. Not a surprise given the present economy

Given up on CL. It's mostly all scammers now and people looking for 'hook ups'.

 

[2manyrocks]

Being a landlord, I can tell you the only thing more destructive on a rental property besides little kids and the crayons on the walls is a pet, especially a dog or cat peeing on carpeting or clawing woodwork. I do not allow any pets in my properties and I'd like to exclude little kids as well but I cannot. I can and do exclude pets. I actually had to evict a renter a while ago because it stipulates in my rental contracts, no pets and they decided to get a dog and they subsequently were evicted. I don't play that game. They weren't happy to which I replied, 'Did you bother to read the rental agreement'???

Landlords have a legitimate interest in protecting their property from pet or people damage.

Because of all of the money printing to fund the unprecedented spending in recent years, young people who would otherwise be prime candidates to become home owners and pet adopters have been priced out of buying their own homes. So they rent instead and don't have nice fenced in backyards to have pets.

 

[Jstpssng]

I used to travel a lot for work and generally brought my dog. It sometimes was a challenge finding a motel which accepted them so when I checked in to a place for the first time I would tell them "if there's a problem I want to be the first to know about it." In 25 years there were 3 times that my dog had an accident. Each time I reported it after cleaning up, but never needed follow up action. I had more than one motel owner tell me that it's the people who "sneak their dog in" who generally are the problem. Then again I believe in being responsible for my pet at all times.

 

[2manyrocks]

The newbury pallet rack index has never once failed.

 

[5030]

Landlords have a legitimate interest in protecting their property from pet or people damage.

Because of all of the money printing to fund the unprecedented spending in recent years, young people who would otherwise be prime candidates to become home owners and pet adopters have been priced out of buying their own homes. So they rent instead and don't have nice fenced in backyards to have pets.

My renters would like nothing better than to buy the homes they rent from me. Problem is, they cannot afford to in today's inflated housing market and I would sell them but they would have to be a conventional mortgage with the customary 20% down payment and none of them have that kind of jack.

All of my rental properties have been appraised north of 225 grand.

 

[Jstpssng]

The newbury pallet rack index has never once failed.

That sounds about right. I was just thinking about moving more of my 401k into stocks. Had I chosen to do that it's guaranteed that the markets would crash.

 

[ponytug]

Used pallet racks here are 90% of new, despite many older designs no longer being permitted without certified plans signed off by a PE. (Earthquake safety.) I've seen auction sales recently where it was more than new.

Frankly, I don't get the lure of buying used, chipped, rust spotted racks at that sort of pricing, but it seems to happen...

All the best,

Peter