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Showing posts with label old home. Show all posts
Showing posts with label old home. Show all posts

Sunday, December 19, 2010

Orange Juice "Sweat Equity"

Old Houses and Fresh Orange Juice

Here's how I introduced the concept of (orange juice) sweat equity to my three kids:

You can go to a restaurant and order eight ounces of fresh orange juice for $3.50.

Or, you can buy 5 pounds of fresh oranges at Target for the same price, and use your juicer to make a half gallon (retail value: $28).

(The multiples for housing sweat equity aren't quite as impressive.)

Monday, May 4, 2009

Turning 50!

Big Milestone Ahead

Now that I'm on the verge of turning 50 (undisclosed date later this year), I find myself following the same health advice that I give to clients who own older homes (and which I followed when I owned one): wait till three things break, then fix them all at the same time.