Peak Housing Prices.

Wide Tailz said:
Another market I like to watch - airplane ads and the airpark mansions that go with them - has seen a change over the past two years.

High end heirloom classics are getting put up for sale, and marked down several times. You would never see this in the past until the owner was deceased.

Same with high end project planes. Typically they are never sold until finished.

Lots of cropduster pilots retiring and selling awesome stuff at a discount.

Many more listings in general of higher end stuff, like everyone is getting too old to medically qualify for flying any more.

There was also a huge wave of blue state refugees right after the covid lockdowns, moving to Texas, Tennessee, the Carolinas, Florida, etc. that has mostly stopped about a year ago. Now the unsold houses / hangars in these states are getting marked down.

Mansions getting marked down, taken off market, relisted, taken off market.

And of course, California stuff not moving for ANY reason! No one wants to come here, but that's why I love it. The cops are among the nicest I've ever seen. Basically the opposite of Oregon, Washington, etc.

It sure "feels" like the wave of relocations after covid is coming to an end.
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You haven't seen the ad for taking a shower in the sky on your Emirates flight?

In terms of space allocation, these shower suites aren’t quite as excessive as they may seem at first glance. Due to the curvature of the A380, there couldn’t be seats there, so instead Emirates decided to use this space creatively. Just as a point of comparison,Qantas’ A380shavea small business class lounge in this space.

These aren’t just dinky showers, but actually shower suites that are probably larger than the average bathroom in a NYC apartment. It’s just unbelievable.

Reserving the Emirates A380 shower suite
Emirates first class passengers can shower once per flight. You can typically spend 30 minutes in the shower room (though in theory I suppose you could spend longer if it’s not otherwise booked), though you only get five minutes of running water.

Typically either before takeoff or immediately after, a flight attendant or the shower attendant will stop by your seat to see if you’d like to reserve a shower.

Indeed, Emirates has a full-time shower attendant onboard, who isn’t a flight attendant. In terms of uniforms, you can tell the shower attendant apart from the rest of the crew because they wear pants,(bada dum) while the rest of the female crew wear skirts. They also wear red vests during the flight.

Is it necessary to reserve the shower suite in advance? It depends on a few factors:

  • How full the first class cabin is — availability will be different if there are just two passengers vs. 14 passengers
  • How long the flight is — shower availability will be different on a Los Angeles to Dubai flight than a Dubai to Jeddah flight
  • When you want to shower — the most popular time to shower is within two hours of landing, so that you can freshen up before arrival
As a general rule of thumb, you’ll want to make an appointment as soon as possible if you’re on a short flight or if you want to shower close to landing. You can always reserve a spot for closer to landing, and then if you later decide you want to shower earlier, it’ll probably be available.
 
poopy said:
I am short XHB.
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Here's a thought for ya. I think the run in the cyclical's might be over for now. A lot of the financial press is pumping these things as "when rates go down... blah blah blah." That may be true, but I think their recent run has priced that in and then some. You have a stock like TT that is up 40% ytd and nipping at it's 50 day from above. The rate cuts are priced in. Any economic slowdown will tank these things back to their 200 day. Where they belong.
 
vanzandt said:
Here's a thought for ya. I think the run in the cyclical's might be over for now. A lot of the financial press is pumping these things as "when rates go down... blah blah blah." That may be true, but I think their recent run has priced that in and then some. You have a stock like TT that is up 40% ytd and nipping at it's 50 day from above. The rate cuts are priced in. Any economic slowdown will tank these things back to their 200 day. Where they belong.
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Prices are still sticky (mostly housing) but growth is off a cliff. I converted the XHB synthetic at 111. I’ll get back in when I am better situated. I’d like to re-enter 114 but I don’t think it will get there.
 
I was watching CNBC yesterday & Ivy Zelman basically said there is no solution to the supply problem since land prices keep going higher & the builders are required to pay a mitigation fee for building out infrastructure. The fee is upwards of 10-15%. I'm pretty sure this is the reason that OER in the CPI wont go down.
 
nitrene said:
I was watching CNBC yesterday & Ivy Zelman basically said there is no solution to the supply problem since land prices keep going higher & the builders are required to pay a mitigation fee for building out infrastructure. The fee is upwards of 10-15%. I'm pretty sure this is the reason that OER in the CPI wont go down.
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Yup, it was OER today
 
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