Comments by "Terry Cavender" (@terrycavender) on "Two Cents"
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Good channel, I would cover how home service companies overcharge. Most of the time when you are dealing with a plumber, AC contractor, etc, it is easy to get cheated since these are unfamiliar areas. We always call when there is an emergency, no AC in July, pipes leaking, backed up, whatever, with no time to shop, or research what we should be paying. When you have a "need it now" issue, you are at the most risk of being ripped off.
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Airbnb will eventually go down the tubes. They do nothing for clients if a stay goes bad, for instance, not as described, safety issues, failed services like operating plumbing, you name it. I have been in Mexico for two years now, and I have had some terrible experiences, did Airbnb do anything? No, nothing. Mostly the what happens is someone buys a condo in one of the tourist areas, or in a popular city, and sets up shop. Time passes, and things age, but the pictures first taken when the unit was new do not. It's kinda like being catfished on a dating site, you don't know the stay is bad until you get there. I've experienced black mold, beds so worn I could not sleep, sewer smells, and a roach crawl across my face, all in Mexico Airbnb’s. Airbnb rentals in Mexico are a crapshoot. I lived in Thailand for six months, same model of operations there, EXCEPT, short term rentals, like Airbnb are against Thai law, yet, Airbnb operates in the market.
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One thing I didn't hear mentioned is real estate volatility, in my own neighborhood I have seen prices go up and down like a yoyo. There have been times when prices were way up, only to have them crash a few years later. There is one I am aware of, where the house sold for $125,000, then, five years later, it sold for$40,000. This is just one example, there were several like that near me. Boom, bust, boom, bust, over and over again, if you have to sell in a bust cycle, you'll lose your shirt. I have lived in my house for thirty years, right now we are in a boom cycle, I'm selling!
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