It’s a boss’s job, and I like it: My goal is to do the best I can with the money I have in the quickest time possible. But it’s funny to me how little of my time goes into a job like this. I don’t charge my investors for this kind of work – I list and lease; I don’t nickel and dime – but my part consists of knowing what I want and whom to hire and putting them to work.
I do almost all of my planning and coordination by texting from my phone – from anywhere I happen to be. There is almost nothing in the way of paperwork, and the clipboard-jockey part of the job comes down to scheduling, so people aren’t impeding each other’s progress. Not even much in the way of management-by-walking-around, since I would just be in the way. I work well alone, and I work well with people who work well alone.
But if I don’t work, no one works. Like the poor-in-character, the Marxist Labor Theory of Value will always be with us, apparently, but all you have to do is rehab a house – or just paint one – to discover why nothing gets done without management.
In other news:
CNBC: Mortgage rates drop, but not enough for priced-out homebuyers.
Housing Wire: How fix’n’flip loans could help expand housing inventory.
Zero Hedge: Nobody Wants To Work: Job Openings Soar To All Time High 9.3 Million As Record Numbers Quit Their Job.
City Journal: Call An Audible on Economic Recovery: Policymakers are using the same old playbook to solve a different challenge.
Daniel Greenfield: How Democrats Created a Carjacking Outbreak.
City Journal: Bonkers on the Bay: Educational leadership in San Francisco has all the gravity of a Marx Brothers film.
Josh Hammer: COVID marked the twilight of America’s arrogant ‘expert’ class.