Hope everyone had a nice Thanksgiving. The Eagles W certainly helped. For those thinking of heading to the Eagles this week, there is a friend's tailgate that he is running this Sunday that I thought might interest you, White Glove Tailgate. He had the party a couple years back and did a very nice job with it and I am sure this time will be no different.
Another long delay in between updates. Real Estate is keeping me busy. Sold the last of the rehabs I did for the Philadelphia Redevlopment Authority under the Obama stimulus package and bought a vacant lot at 46th and Sansom which I will be building a multifamily home on in 2015. Watching Property Brothers the other day, I realized that is my specialty for those interested in buying and updating a home in Philly. If you are thinking of purchasing a home but would like it customized to your paint colors and would prefer to choose your own vanities, granite, cabinets, etc... then we should definitely have a talk as I think my experiences as a developer and a real estate agent can do you well. Often properties are priced very well for the end user being the owner occupant but are not priced aggressively enough for an investor. For you as an end user, when done correctly, you will end up with a home that has a higher appraised value that the actual cost of acquisition + rehab.
Ski season has started. I had my first two days this week at Ski Windham (NY). Not very good conditions but they had more terrain open than they usually do at this time of the year. This season, I purchased the midweek pass for Windham and the Epic Pass good at mountains in CO and UT. So, if anyone can take days out of the office, please let me know as I am always seeking people to go with. For those thinking about some organized trips, PhillyTrips has Quebec for NYE, Killington in January, and Telluride in March on the agenda.
I wanted to close with one political thought for everyone. When PPA took over the taxis in Philly in 2005, the cost of a madallion was $65,000 a year. Since that time, they were selling as high as $550,000 - in less than 10 years. Uber shows up and now they are having trouble selling them at $350,000. You think there is a correlation between PPA's involvment and the sky rocketing costs? Here is an article from last week with the update. - Mark
A) PHL International Airport one of worst weather-delayed airports, says report
B) No toll hikes planned for DRPA bridges next year
C) Delta, American Add Philly-London Flights: One new route a day for each airline.
D) UberX is Now Legal Pretty Much Everywhere in Pa. — But Not Philly
E) City offers free parking on Saturdays all December long
A) CNN's Mike Rowe cleans the Mutter Museum's giant colon
B) Connor Barwin ESPN segment: Focus on his charity work & subway/bike riding ways
A) Philly Magazine: Pot Is Coming, Philadelphia!
B) Marijuana arrests fall 78 percent in Philadelphia
A) Bounty Bowl legacy recalled 25 years later
B) Wells Fargo Center To Host 2016 NCAA Men’s East Regional
C) Bradley Cooper Eagles Video
REAL ESTATE (sponsored by Mark Zwick, your favorite Real Estate agent/investor/developer newsletter person)
A) Egregious Case of Philly’s Civil Forfeiture Process
B) Future of Broad and Washington?
C) More than $500M in new development planned for Conshohocken
A) Amazon delivering groceries in Philadelphia
B) Taking a flight? Get paid to park your car (and rent it out) (Just launched at PHL)
C) Nonstop Couriers offers FREE delivery to any local charities. (plug for a fellow reader - MZ)
If you or your company have a charity drive or event, Nonstop Couriers will pickup and deliver your donations from your business location to any Philadelphia/South Jersey based charity. Nonstop vehicles can handle donation sizes from a few boxes up to 12 pallets. We currently provide free deliveries to the WMMR Camp Out for Hunger food drive, Food Bank of South Jersey, Irish Pub Children’s Charities, ACCT (Philly SPCA), and many other local charities receiving donations. Please contact Rick Slowicki for more details or to schedule a pickup, Rick@NonstopCouriers.com , 610-299-7307.