The Good, the Bad, and the Ugly
A short update where EP stands. As I'd said, having inherited my parents' estate, I have capital but also a big cash flow problem. I'm working hard to resolve that and fairly soon I'll have liquid capital. Intelligently invested, with luck, I should be able to both grow the capital and have the cash flow I need. But as far as the podcast is concerned there's a potential ethical problem: as I see it I'll have a conflict of interest talking about economic issues and some political issues as well. I'm not quite sure how to handle that.
It's not something I have to find an answer to in the near future, though, because I'll be fully occupied with repairs and renovations on this old house. Built in 1937 by a physician, it has solid bones but experienced several sad decades of deferred maintenance. I'll never understand, for example, why my parents, who could have easily afforded it, didn't turn to a proper slate roofing company for fixing leaks but instead relied on their handyman. His only method was to liberally apply roofer's gunk. That works, but not for long. After recent heavy rains I've discovered a couple leaks but the repairs, done properly, will cost about $20,000. It's a very high quality slate roof and deserves proper upkeep. So I'll do it right. Meanwhile there are additional problems from deferred maintenance involving painting, plumbing, landscaping, and an all too long list of other necessary projects, just to whip the place into livable shape. To be honest, I'd rather have problems like this than be poor; the prospect, however, of becoming poor while trying to fix things is terrifying!