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Thursday, July 3, 2008

Interesting developments in the past two days.

Happy 4th Of July, by the way! This is the celebration of our independence -- for me, I might as well be celebrating independence from my money! Read on and discover why ...

Yes, it's official -- Faust Avenue is now part of a HISTORICAL DISTRICT and now I have to be careful with the exterior renovations. Specifically, I have to be careful with the kind of windows I put in -- I can't get away with an economical vinyl replacement. Will (my General) is going to investigate further for me and negotiate with the appropriate agency to minimize the expense needed to maintain the demands of the historical society. This could get very interesting. That's right, Rosedale Park has officially been designated a historical district just about the time I closed on the property.

OK - I like to make mistakes - no, really -- I do! I learn so much from them!! [sarcasm] Believe me, I'm not buying homes for the sole purpose of providing a humanitarian service to the local community, restoring and beautifying the neighborhood while profits are being made by everyone involved in the transaction -- except me! I do gain satisfaction knowing that I’m helping to revitalize a community; that’s a great result of my investing. But, as a firm believer in capitalism, I believe the sole purpose of owning a business is to MAXIMIZE PROFITS for the shareholders. All the other positive things that come as a result are just added bonuses. By the way, my wife and I are the only current shareholders of my business and I’m not the only shareholder unhappy about this latest development.

Sigh .....

OK, it's not over till it's over! The pity-party-express has left the station and I'm NOT on that train! So, on a positive note, since this is now officially an historic district, perhaps I can market this property as a beautifully restored historic home and perhaps it will hold more value than if it were not in an historic district. The property value certainly could not have declined further once the subdivision was designated an historic district. Also, I'm sure there are creative ways to meet the society's requirements in an economical manner. Time to put on the thinking cap and get creative. Alright class, Problem Solving 101 is now in session and I don't think I have enjoyed the first lecture! Oh well ...

The fun and adventure continues ......