Re: Daily "Check In" Thread For Us
Posted: Sun Oct 11, 2020 8:13 pm
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https://www.gyroscopicinvesting.com/forum/viewtopic.php?t=10540
I use hotels if I'm only going to be somewhere for a day or three. Much more than that and I usually use AirBnB. I don't book more than a month anywhere, but sometimes I've extended a month. A lot of AirBnB's have decent discounts if you stay 4 weeks or more, so a month stay can be attractive if I don't have to be anywhere else. Much longer than that and I'm itching to go.I Shrugged wrote: ↑Wed Oct 14, 2020 1:00 pm Mark, do you mostly use AirBnB?
At how many weeks or months duration does a booking become impractical and hard to get?
Thanks Mark. Wife and I are talking about having a winter home and then using AirBnB for long term summer stays near family. I have no idea how impractical that might be. We'd store some belongings nearby, but I think it's going to be a crapshoot to find a suitable place to spend a month or three.Mark Leavy wrote: ↑Wed Oct 14, 2020 1:48 pmI use hotels if I'm only going to be somewhere for a day or three. Much more than that and I usually use AirBnB. I don't book more than a month anywhere, but sometimes I've extended a month. A lot of AirBnB's have decent discounts if you stay 4 weeks or more, so a month stay can be attractive if I don't have to be anywhere else. Much longer than that and I'm itching to go.I Shrugged wrote: ↑Wed Oct 14, 2020 1:00 pm Mark, do you mostly use AirBnB?
At how many weeks or months duration does a booking become impractical and hard to get?
Super practical. Very easy to rent for 3 months at a time if you want to. Try some shorter rentals first so that you know how the system works and you can get a feel for how to suss out a good rental.I Shrugged wrote: ↑Wed Oct 14, 2020 4:16 pm
Thanks Mark. Wife and I are talking about having a winter home and then using AirBnB for long term summer stays near family. I have no idea how impractical that might be. We'd store some belongings nearby, but I think it's going to be a crapshoot to find a suitable place to spend a month or three.
@MsMelChen:Jussie Smollett is preparing his feature directorial debut http://thr.cm/P7BpnMr
But he did just a poor job with his first directorial debut...
...
Hope he doesn’t beat himself up if it fails this time
Yes, that's aggravating us now. It's surmountable but it's extra hassle, for sure.Kriegsspiel wrote: ↑Wed Oct 14, 2020 6:49 pm One reason I'm considering buying/renting an apartment-style living situation is to take advantage of 1-3 month AirBNBs without having to worry about mowing the lawn or anything like that.
I'm actually a fan of various "little luxuries" like that, provided they're not so frequent that they break the bank.
Nice numerical rule. I'll be making a note of that one!Tortoise wrote: ↑Thu Oct 15, 2020 1:57 pm
I'm actually a fan of various "little luxuries" like that, provided they're not so frequent that they break the bank.
I think about it in terms of the "80/20 rule" -- 80% of your monthly expenses come from 20% of your transactions. If you control costs on that top 20% (things like mortgage/rent and transportation), you can afford the occasional splurge in the other 80% without being a financial mess.
Pareto Principle. Not to be confused with the Peter Principle. Vinny, if you have questions, ask dualstow.Smith1776 wrote: ↑Thu Oct 15, 2020 3:16 pmNice numerical rule. I'll be making a note of that one!Tortoise wrote: ↑Thu Oct 15, 2020 1:57 pm
I'm actually a fan of various "little luxuries" like that, provided they're not so frequent that they break the bank.
I think about it in terms of the "80/20 rule" -- 80% of your monthly expenses come from 20% of your transactions. If you control costs on that top 20% (things like mortgage/rent and transportation), you can afford the occasional splurge in the other 80% without being a financial mess.
lmaoMark Leavy wrote: ↑Thu Oct 15, 2020 3:40 pm Pareto Principle. Not to be confused with the Peter Principle. Vinny, if you have questions, ask dualstow.
I've always known of it as Pareto's Law and been aware of it since 1979. First time I've seen it referred to as Pareto's Principle, though, with some research I see now that Pareto Principle is seemingly now the more accepted term.Mark Leavy wrote: ↑Thu Oct 15, 2020 3:40 pmPareto Principle. Not to be confused with the Peter Principle. Vinny, if you have questions, ask dualstow.Smith1776 wrote: ↑Thu Oct 15, 2020 3:16 pmNice numerical rule. I'll be making a note of that one!Tortoise wrote: ↑Thu Oct 15, 2020 1:57 pm
I'm actually a fan of various "little luxuries" like that, provided they're not so frequent that they break the bank.
I think about it in terms of the "80/20 rule" -- 80% of your monthly expenses come from 20% of your transactions. If you control costs on that top 20% (things like mortgage/rent and transportation), you can afford the occasional splurge in the other 80% without being a financial mess.
Don't know what it is like in Canada but Americans seem to spend tons of money on both their houses and their vehicles, which, of course consumes a lot of resources. I've never done either which then allows plenty left over for investing and for anything else I want to buy.