2021-05-08 at

Yawn 71

 19 April to 8 May 2021

2021-04-19

Alright, it's 2021. Sous vide is not cool anymore. At this point in F&B, it's starting to feel like deep-frying. An artless, textureless, copy-paste approach to food prep. Just stop doing it - at least, with chicken, lol.

2021-04-20

Sleep: I think I'm at an environmental stage where I need to dial back on active dreaming, and revert to active non-dreaming.

Locomotion: 

- Finally installed a second radiator fan on the Kancil850 last week ... which mirrors the setup on my old Kancil660. Happy to report that I can now get up to 100kmph in sun with the heat gauge very close to 50%.

- Assuming 100 km/d, at current RON95 prices of 2.05 MYR/L, my 12 km/L Kancil850 burns petrol worth 6,000 MYR/y or double a PriusC. Given 3,000 MYR/y savings, it would take 5-6 years to pay back the difference in price. This assumes they cost the same to maintain. Of course, the PriusC would be a lot safer and more automated than the Kancil850.

Rental consolidation: I need to work harder on this. I think at the rate prices are going I really should just buy an old flat in KL.

2021-04-21

Looks like zooming in on RM200-400k units in central locations is a diversification (vs the flat I already have in the boonies) I can afford to consider.

Meanwhile, trying to consolidate some social networks, to relaunch a restaurant. And to get myself a PA in the process.

2021-04-22

Strength training has been helpful. Bit of a walk past midnight to loosen up the mind post caffeination.

I wonder how long it will take to redlist the ads for the entire realestate market in Klang Valley.

MIEA needs to ban direct sales which obscured / obfuscated / unmentiond asset names. This is a shaggable offense.


2021-04-23

Got the Kancil back after replacing the distributor. Shaft seal degraded. Also replaced the signal relay, as the original one (1997!) would go faster on wet days (?!). Along the way, the tachometer connection seems to habe loosened, so I'll have to get that looked at next week.

2021-04-25

If you refer to the literary accounts of the role of the Royalty, it is explicitly mentioned by some that the Rs exist to give the commoners something to envy. So it is not shameful, under that narrative, that a R refers to such envy as a passing affair.

2021-04-26

Spent much of the last three days doing my first deep dive into real estate sales from developers. Pretty much looking to get (1) Home Ownership Campaign subsidies (stamp duty and memorandum of transfer waivers) signed down (sales and purchase agreements have to be done by 31May), (2) HouzKey rent-to-own financing for zero-downpayment, and (3) immediately available vacant possession to save on rent (I'm currently paying RM12,600/annum, and have my stuff split up in four locations). Big roadblock seems to be (4) my spotty employment over the last six months. So probably I will forfeit HOC benefits, and see what's on the market in another three months presuming I haven't been fired from the current job, etc. Meanwhile (5) my family seems to be fumbling with an old flat, and I may end up dealing with that also. I still have (6) one tiny flat in the boondocks to clean up, but I'm hoping my PA will get wheels and show up to help, before I end up soloing it. Reconnected with (7) an ex-customer from Sudo who seems to be working as a realtor, and is active in forums ... I have reached out to ask him to monitor secondary sales for me, if he can help to arrange for mark-ups on SPAs with owners to enable 100% financing (banks are regulated to allow less than that, but sellers big and small practice a convention of marking up prices and rebating cash to buyers - FFS, the central bank really should end this properly). Also (😎 rumours have it that HOC or other subsidies may be extended past 31May, as housing loan moratorium policies associated with the COVID economic slowdown will soon end ... effectively tightening monetary policy.

I was accompanied for most of this study by a lovely person, but I think we soon have to talk about seeing other people also. Sigh.

In other news, an ex-staff contacted me with notes on the government's latest update on hiring foreign workers. So now we have to study how to get jobs for some of the old boys.

2021-04-27

I big reboot kinda day. Relaxing ending. Familiar rituals. Growth logged, leverage planned, and looking forward to catching up on postponed work. So much work.

Received a small package to add to the backpack to be passed to my ex-staff. From her husband. I hope there is nothing illegal in here - I will have to do a rough search later.

2021-04-28

KLIA Immigrations Depot, Records Unit, reports that Cory's swab test is negative, so we expect to pass her a travel bag at the check-in counter on 29 April.

I will leave KL at 2:30pm, and I hope to leave KLIA by 6:00pm or earlier. Does anyone want to join me for an excursion?

2021-04-29

Saw Cory off at the airport. Introduced two friends to each other.

Post shower and cucumber snack, it is time to catch up on paperwork.

2021-04-30

X : horeca as an industry, is more prone to mental illness because you're hiring the lower end of the curve

Y : that's a popular misconception - many horeca staff are capable of earning higher wages in other industries, they just choose horeca because they enjoy it

Z : it's precisely because they choose enjoyment over higher wages that we refer to them as the lower end of the curve, in terms of power

People who lack impulse control are everywhere. The strong, who remain in corporate and get RM50k/mo wages can be sick, but those of lesser dispositions will find themselves elsewhere. Less sick or more sick, sickness can be defined any which way ...

2021-05-01

Pet peeve today: M40 and T20 dumbasses complaining about 5-bed-4-bath 900-square-foot flats financed on a monthly MYR 360 rate for 60 years.#freethemarket It's completely workable if Berjaya guarantees responsible facilities management. In fact, they should just nationalise the whole scheme. At least then in the future if we want to architecture landscaping, fitting, and facilities upgrades, there will be only one point of contact for a national roll-out. #governmentsusemarkets

2021-05-02

Stupid amounts of real estate research has happened in the last week or so.

The light on the wall in my room is distracting because I no longer look at it directly, as it was designed to be looked at. 

I may need more shelves to clear my desk for work.

Gradually undoing the psychical contortionism I put myself through for most of 1Q2021. A good exercise, that relationship, but I do need to revert to my mean, sorta. More work, fewer carbs, less TV, higher productivity.

我不喜欢世界上有什么 ... 不确定的关系。
您可以说,我很不了解传统。
您也可以说,我跟传统没有什么关系。
是这样吧 ...

TIL: If you install a Modbar without a backsplash in a high-traffic bar, you're probably doing it wrong.

2021-05-04

Thanks to all who have followed my staff's story. She is now home in Medan. Unfortunately, she was just in time to bury her daughter - who passed away as she was on the journey home. May their souls rest in peace, one present, one past.

2021-05-06

Booked my first freehold property. Location is selected to have one traffic light up to Pudu Raya / Times Square / MEX / SPRINT etc. Accidentally on my old walking path to school, where I bought my first Sony earbuds in the 90s. Walking distance to a large performing arts centre. Architecturally nicer than the college I attended (well, years ago), and overlooking the world I grew up in. This ought to make a nice storeroom, if it works out, where I shall sleep. I hope the real estate market doesn't drop through the floor soon. Maybe I can die here. (Said that about the previous gamble.) A lot of real estate chatter and logging happened over the past fortnight. I hope it was enough. Also this asset's positioning is meant to complement the previous gamble's. (checking the log, 21 APR to 6 MAY ... just over two weeks passed ... I feel better that it only took so long)

Been on about 6-7 hours sleep per night the last two days. Need to settle back into 10-hour sleeps. Much work at first job outstanding.

Also I learnt about engine knocking. Need fix.

2021-05-07

My new hobby is tracking the KL residential property market's new launches. Rationale : it takes a couple of minutes per launch ... and there are only a few launches every month. 

2021-05-08

Still tired, but less so, as various uncertainties have been addressed. Yet many remain. Catching up on personal time, and getting to meet more people is good. Muchly lacking in Q1.


Structuring Rate Cards: Professional Services

Example.

For each item:

- this is what it costs in time and materials

- this is what it saves you in expenses or earns you in revenue

- this is how much the other guys are charging

- this is my total charge

TO RENT, OR TO OWN: Malaysia 2021

Ok, I also kinda figured out the rough opportunity cost calculation for deciding whether to switch from renting to buying another flat. (Wish I did this before booking my first flat at RM80k in 2011.)

(Caveat: unfactored ... de/appreciation, insurance, loan disbursement fee)

Current rent is 650-1050 RM/mo, which at a 3% interest rate equates to the service for a 260,000-420,000 RM loan.

Update 1:

Factoring in 0.30 RM/ft^2 maintenance for 535 ft^2 totalling 160.5 RM/mo, and utilities (I currently pay 0 for utilities) of 150 RM/mo ... let's recompute the opportunity cost of renting. Now we're looking at a reasonable loan of [135,800 ... 295,800] RM only.

All of this only works reasonably well if I find one of those "flexi"-brand loans where cash in the current account discounts the principal amount 1-for-1, for the purpose of monthly interest accrual calculations. Got to read a lot of fine print for this ... grbajzgdjenskahdbsbd ...

Update 2:

Assuming the city council's assessment tax rent assumption is 900 RM/mo and 2% tax for flats, that's 216 RM/y.

KL parcel tax for residential freehold is 26 sen/m^2, so that's 13 ... but the policy floor brings it up to 25 RM/y. 

Now the opportunity cost of renting to ( [650 ... 1050] - 160.5 - 150 - (241)/12 ) / 3% gives us a reasonable loan of ... [127,767 ... 287,767] only.

Ideally we want that loan to completely cover all (seller's take + transaction costs).

Stamp duty on loans is 0.5% of loan value.

Stamp duty on MOTs is 1%@[0 ... 100,000] + 2%@[100,001 ... 500,000] + etc.

Legal fee for SPAs is 1%@[0 ... 500,000] + etc.

... for an SPA under 500,000 RM, we can abstract this to a total of roughly 3% of loan value.

Now, if you want to do one of those marked-up SPAs to engineer say, 100% financing, then the SPA needs to be ... assuming the bank can only loan you 90%@SPA .... (seller's take / 90% * 103% = seller's take * 114.44%).

Which brings the reasonable seller's take to [111,645 ... 251,456].

Lo and behold, there are only a handful of properties in my shopping list where the seller's take approaches 250,000 RM. So this is going to be an easy decision, I guess.

Let's just forget about MRTA/MLTAs and home insurance for the time being.

2021 Progress Tracker

 4 Jan

January looks like:
1. integrate into new workplace
2. tune up old workplace corporate entity
3. manage storeroom inventory
4. stitch together new businesses from a half/dozen separate parties
5. do last year's taxes
6. do this year's accounts
7. clean up accounts and maintenance of neglected flat
8. keep pursuing new projects / employment
9. keep an eye (or more) on ex-staff still in jail
10. pay for maintenance of air-con and water heater at residence
11. service debt

May 7 status report:

1. Pass - overdelivering on time, business results pending
2. Fail
3. Weak pass - sold a few things, just booked my first freehold storeroom
4. Some progress, but fundamentally: Fail - lots of talking
5. Fail
6. Pass
7. Some progress: Fail
8. Pass - surveyed Cyberjaya; second job in pipeline
9. Pass - extraction complete, but late
10. Pass
11. Fail

Tinder for Friends #noc

Market insight: someone needs to build an app that's exclusively for matching friends. It will be bigger than Tinder.

I spend a lot of time on dating apps. (Mostly Tinder, OKCupid, and Coffee Meets Bagel, because the markets don't really overlap.) This is because I really do deprioritise friends and family below business and intimacy. Those are just my priorities. So like, "Tinder time," for me is like "family time," for that other kind of person, right?

Every so often, I'm reminded by a conversation that a lot of people aren't looking for intimacy as much as they are looking for friends. I mean, a good number of people on dating apps are actually disgusted by the notion of sexual intimacy with someone who they wouldn't be friends with.

Simply put: the market for friendship is bigger than the market for intimacy, and someone needs to build that app and make a billion dollars for it. That way, every time someone on a dating app pops up looking for friendship, we can take (or send) them ... OVER THERE ...

Lol