Wikinvest Wire

Go west young man

Sunday, November 18, 2007

I'm off to the Resource Investor Hard Assets Conference in San Francisco for the next couple of days - look for something new here sometime on Tuesday.

The laptop is staying home as there seems little reason to pay the hotel an extra $15 a day for internet service just to read mail and complain here again about how expensive everything is.

Parking costs $50 per day, so that means that the car stays at the BART terminal about 50 miles away from the city - it's probably better that way since driving in town can't be any fun for a mountain man like me.

The hotel bill is going to be much higher than I'd like to pay and there doesn't seem to be any way to avoid the extra $20 room tax that gets tacked on - as I understand it, I'm getting off pretty easy, but, really, how can people afford to go there?

One of the highlights of the trip will be sitting down for a cup of coffee with Patrick Killea of the world famous housing crash site Patrick.net.

Oh yeah, gotta pick up some sourdough bread too.

ooo

This week's cartoon from The Economist:


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1 comments:

Aaron Krowne said...

Have fun, say hi to Patrick for me!

The hotel situation sucks. Hotels are one of those stubburn (uncounted) servicey sectors of the economy that have been immune to the "deflation" created by globalization and much-ballyhoed by the government. The problem here seems to be that business travel creates highly inelastic demand for hotels, which have (much like health insurers) simply raised prices to keep ahead of soaring costs. Those heady days however, are likely over.

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