KirkSalisbury

@natesiggard @mhp_guy Actually in 0 years. Already happening. But they start identifying as Cache Valleyans quickly.

@mhp_guy They know that valley will be full of ex-Californian's in 10 years

What was Costco thinking? They just opened a store here and it's the slowest in the company. - Isolated city of 57,000 people - 136,000 in the whole valley - Had already been a Sam's Club there for years For comparison, in Dallas-Ft. Worth there's 1 Costco for every 615,000 people! Their slowest store is in Logan, Utah - the place of my birth! I'll be there tomorrow, actually. There's a few cities with less people than Logan that have a Costco, but they do more volume because there's less competition. Why would Costco open in Logan? It's not even on the main road.

@405HomeBuyer @mhp_guy Yes we did

@Nmartin55 @mhp_guy But it's just not happening here in Logan. Costco has their foot in their door... but Sam's is just better located. And they deliver.

@mhp_guy Conversely, their most profitable store is in Missoula, Montana, population of 78k in the city. Costco will chase Sam's in smaller rural areas and kick their ass. They are THE BEST operators in the world.

@Observant3121 @mhp_guy They would visit here...

@mhp_guy Possibly a high up in the company live there

@napersveryown @mhp_guy It's wonderful. Was there on Christmas Eve and it was NOT busy

@mhp_guy As the shopper, is it the best experience ever?

@clark_anderson @mhp_guy I can accept this

@mhp_guy It's a loss leader... get young married couples hooked on Costco while attending school at USU... then they move away and maintain their memberships the rest of their lives. 🤝 #GoAggies

@lolpersonified @mhp_guy They missed the mark on the Logan demographic which is cheeeap

They calculate expansion based on their membership using the nearby stores. The problem there are two different types of Costcos. Ones in residential areas and ones in industrial commercial areas. People shopping in the residential ones spend more money on the weekends. The industrial are ones people shop during lunch and don’t usually purchase big items. They go to the Costco nearby their homes on the weekends to by the big items. @Costco

@alexhvnsen @mhp_guy Winner

@mhp_guy Who knows… go aggies though

@realscottmcleod @mhp_guy Definitely NOT a logistics thing. Logan being off the beaten path is both a blessing and a curse. Cost of operating from here goes way up because it's out of the way for everybody.

@mhp_guy My assumption is there's a logistics/operations efficiency and upside on real estate growth.

@mhp_guy @girdley $10 says the C-suite would come to Logan regularly and chat with the C-suite of Icon Health and Fitness would begged them to bring in a Costco. Source: I know a guy.

@girdley haha i was thinking that

@mhp_guy Bro is so optimized he's found 6 hours for his phone every day. #goals

My buddy was bragging about how he DoorDashes every meal so he can save time. How his time is worth hundreds per hour so he shouldn’t cook or drive for food yada yada. We’ve all heard it. I said “show me your phone.” This is his screen time. I laughed. I’m not sure he gets it.

@EMPD_BTC It is, actually, still a ponzi scheme.

Why Bitcoin is Not a Ponzi Scheme

@mhp_guy Somebody's trying to shake up the Texas Real Estate look! There were a few funky builds in Inspiration. This looks like one of them.

My mind cannot comprehend the risk tolerance of spec home builders. This house is going up near me. The style does not fit the area and the price per square foot is 2.5x above market value. Despite being a serial entrepreneur, I would never ever take a risk like this.

@CoFoundersNik I guess you solved the chicken/egg problem. If an integrator needs a visionary, they don't know what they're integrating yet. If they did, they'd be a visionary? I feel like we just solved a chicken/egg problem that we didn't know we had.

Every entrepreneur seems to be a “visionary” looking for an “integrator” I’ve NEVER met an integrator looking for a visionary… Why?

@CoFoundersNik @iBobbyShell Hi. I'm an integrator.

@iBobbyShell I don’t disagree. I’m just saying I’ve never met anyone that was like “hi, I’m an integrator” For a role that holds such a prominent place in the entrepreneurial zeitgeist, it’s weird to have never met one

@farzyness @Ellieinspace Moved back to Utah because of this And the hot summers Oh, and the drinking water was 👎 BUT! It was probably the hardest choice we've made. So much to love about TX too.

@Ellieinspace Wife HATES that there's no mountains.

After living in Austin metro for the last 5 years, I can attest that this area of the country is AWESOME. But two HUGE drawbacks: The growth is CRAZY, which means that regions will get disrupted very quickly. Where you end up living might look completely different in 3 years. And the summers are SUPER hot.

@ImBreckWorsham Yep. I think everybody would rent if they could be paying $400/month right now for a 4-bedroom, 3-bathroom home. Oh, and then that rent becomes free on year 51.

@ImBreckWorsham That's a good take. But I'm gonna bite because I can't help but think about it. With ownership your payment is mostly locked in (escrow will change) But what will rent be in 50 years? I probably would have loved to lock in 1975 rental rates.

There is ZERO difference between having a 50-year mortgage and renting. Prove me wrong.

@rpzy @STLChrisH I'm in your same boat. But how can we not play? Get ~2% on purchases or not? I choose 2% back (despite knowing my cost of goods is likely higher because of it). Legislation has to end it. And I'm a pretty conservative dude, so I don't love overlegislating anything.

@STLChrisH As someone who pays attention and uses points, I still completely agree. The credit cards also are increasing annual fees for more "rewards" that are shittier. Like I have to now go to Dunkin Donuts once a month to get my $7? It's a losing game in the long run.

Your credit card rewards are not “free” They make all of us worse off. They directly increase the prices YOU pay at the register via elevated interchange fees charged to biz owners…who in turn, raise prices. The MAJORITY of those HIGHER interchange fees charged on EVERY transaction go to the card companies, NOT to your rewards. We would all be better off if credit card reward program were eliminated entirely and interchange fees dropped across the board. This reduces transaction costs — and ultimately lowers prices paid by customers.

@STLChrisH This. Exactly this. BUT! Then if I'm using a debit card and avoiding merchant interchange fees, I get punished by paying for everybody elses rewards. Honestly, *legislating* away rewards and getting rid of this fake economy is probably the only way to end them.