Thursday, November 8, 2007
View Larger Map
Micro Economics Problem:
Tim Cole was the contractor who developed Galveston. We had an opportunity to use the $20,000 in downpayment and purchase a money market that brought in 8% a year.
We also provided our Dodge Grand Caravan to Tim since he needed it to move lumber and tools.
The van was worth $1500 and we could have easily sold it for that much.
Renovating this building took over ten months. I could have spent the time to work at the library in the evenings and in the weekends and earned $10,000
Our opportunity cost was $10,000 + $1,600 (interest) + $1,500 (van).
Galveston has a spectacular roof deck offering peace and quiet above an area that in the past can get downright dangerously loud and hectic. What is amazing is that the roof pavers which provides a nice walkway around the perimeter of the roof is not physically attached to the roof, but simply floats on the roof.
Here Hector Navez, roofer, who installed the pavers, checks on the stability of the pavers and the rails.
Hector also reflashed the roof around the rails and around the brick structure.
Read the zillow FMV