Wood Stove

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I rebuilt a wood stove I had in storage. The only textual items on the stove is "Made in West Germany". After puzzling about how to repair the broken leg (everything from welding with tungston rod to fabricating a splice), I found a similar replacement foot. It was similar, so I ended up buying two in order to make it look and set right. It was a fun "little" project. It cost me about $150 in materials and probably took me about 8 hours. I am looking forward to getting it fired up at some point. Since it is going back into storage I am wrapping it up with as much rust inhibitor as I can. I bought some VCI paper for the effort.
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DJ and I toured the CNN studios in Atlanta Sunday.

I almost bought a house last week in Duluth. I wasn't quite fast enough on the trigger. Someone else got the deal a few hours ahead of me. There are some really good deals out there when you are bottom fishing like me.

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David said…
Maybe you are already dealing a lot with real estate but if not: the other day I read the bestseller 'Rich Dad, Poor Dad' where it's a lot about real estate as a good way of investing. I don't know anything about real estate but it was kind of an eye opener because -as it seems- real estate, when bought for your own use instead of for renting it out and for making money off of it, is actually rather a liability than an asset. Kind of turns the whole picture upside-down because one always hears 'your own house is your best asset'. Surely that can be true, but it seems as if in most cases it's rather a liability (in the meaning of a big to huge financial burden), at least for many to most.
6:35 AM
Charles said…
Contrary investing and true liquidation value.

One of the truly unique things about real estate is land. Land cannot be depreciated. Why is that? Can a particular structure on a piece of land make the land more valuable?

Investment in a car has a terrible ROI except when you take into account that the car is getting you to work, right?

As usual I feel I am being cryptic. I really don't mean to be.
7:18 PM
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