Restaurant die-off is first course of California’s $15 minimum wage

I'm talking to you about reality in life here in a NICELY passion. You don't own a business so I do not expect you to understand what the fuck I'm talking about. ALL business owners even Trump or you if you have a chance are greedy. Repeat ALL. ALL business owners will try to maximize profits including Trump. There are no exceptions unless you work for charity.

That simply renders your entire argument senseless.

As always------ What the hell are you talking about?
 
What the hell is your bull shit income or lousy career has anything to do with McDonald's profit?
I was quoting Bear about McDonald's profit.

Did I asked you about your career or your income? What the hell are you talking about?

Why does the profit margin of McDonald's have anything to do with you?

I had a fine, career and earned a decent income working hard and giving back as well. Why do you find that something to denigrate?

Thatcher-dismissing-personal-attacks_zpsuqszbvn1.png

What in the world are you talking about woman?
Who give a shit about your lousy career? Did I asked you any question about your lousy career and lousy income?

What is McDonald's has anything to do with your crap?
 
That is bull shit. How can you tell a liberal and republican business owners?
We have lots of democrats business owners here in California are you saying they don't work long hours? Crap.

Comprehension is difficult for you is it not?

What did I say? Please have someone read it to you and define the words I use.

"The majority will be Republicans. They have to work LONG hard hours to earn a living. Something foreign to most Democrats."

If that is incomprehensible to you, (that means you cannot understand) then please don't respond and embarrass yourself once more.

LOL. Embarrassed my self? I trashed you all over the place and all the time.

This just show how poorly experience and poorly informed you are. You are just a regular employee working for somebody so what in the world you know about business or how the enterprises works? Or who is who own businesses? NOTHING.

You probably work ONLY for one republicans but that doesn't qualify for that kind of opinion.
I know lots of liberals that are business owners successful and well established and they work very long hours.
 
Why not stop the rich from buying up hovels and renting out each hovel PER HEAD crammed in EACH ROOM? If rents could be afforded, raising minimum wage wouldn't have such a huge impact, costing job potentials disappearing with fast food and retail jobs going WITH that business?

The minimum wage has nothing whatsoever to do with rents. If your job skills only merit minimum wage, you have no business in expecting to be able to support yourself on your own.

When I joined the Army in 1966 our pay was $93.00 per month. A draftee, on the first day, whined to the DI that he wouldn't be able to support a wife on that pay. Sgt. Taim gently, and properly explained to the recruit that if the Army WANTED him to have a g** d*** wife, he'd have already been issued one! It was a bit more colorful than my G-rated summary. I was always looking for how to make more money so when they herded us into a hall for a GO AMERICA presentation and to join Air Born, I'd have passed until they mentioned that it would pay $30.00 more a month for one jump every three months! Easy peasy!

Share with us what you believe to be the typical household income is where at least one worker earns the minimum wage? Go for it!
 
Only if it was all that simple, however it doesn't work that way. Depending on the size of a business 70K can be a lot or a little. An increase from $25K a month to 30K is a $60K a year increase, which is less than your claimed peanuts of $70K. So I think your numbers in others items of business are way off.

Hello papag. I have not seen you for a while.
My numbers was just an example how a restaurant can easily recover $192 MW a day increase = 70k/year. From my example---- if a couple spend minimum ( that is minimum ) of $11 ($5.50/person) higher from previous menus.
Let say say ONLY 35 customers ate in that restaurant for the whole day during lunch and diner= $192.50.
If that same restaurant had 80 to 120+ customers in one day. Piece of cake.

1. Been around, I hope things are going well for you. How do you drive an extra 40 to 70 customers a day?

2. The average profit margin of a restaurant is 3.6% to make up $192.50 in costs a restaurant needs to generate over $5300 a day in revenue to maintain the slim 3.6% in profit.
3. If you increase customers you will increase food costs, you increase labor, water, sewer, lights and so on. So a business owner would need to look at the impact of a wage increase and find ways to off set the expense. The ways to do that are limited. Increase menu prices, look at the restaurant hours and cut back on slow business hours, layoff workers and short staff, get lower quality food, cut back on portions, there are other ways but those are most of them. Most small businesses don't have a lot of areas to cut back.

1. Health and business been good can't complain. Just returned from a summer Hawaiian vacation with my entire clan for 8 days.

2. The 35 number of customers I gave for lunch and dinners is the minimum. There are no such restaurants that only have 35 customers for lunch and dinners. Otherwise they are not in business to begin with. I gave a minimum $5.50 per person increase from old menu x 35 customers to cover $192. They do these all the time. That kind of increase will not result in lay off, cut back hours, short staff or lower quality food. Otherwise all famous and big restaurants are closed a long time ago.
There are tons of small businesses here that are operational and successful. They do give raises to their current employees, a lot of them are making over $16/hour. I do not expect a lot or any business that will close because of MW hike. If business is good business will survive----- If business is sucks like food you don't expect to survive.

My favorite taco stand here in San Diego normally cost me $3.15 for one taco asada. I know the owner for many years. She increased the price of taco asada to $3.65 and so the rest of the menu across the board including soda effective last June 5. Not sure what and how much she increases across the board
I ate 4 taco asada today no soda ( too much sugar) just water. That is when I asked her ------ Why is the increase? She said MW increase amigo and the place was packed as always.
With low unemployment rate businesses are force to hire the rejects and higher rates than $12.

Glad you had a great vacation, we just did a drive from Mt. Rushmore, Devils Tower and Yellowstone, this fall we are taking a cruise.

I'm just saying that additional costs are not simply offset by raising prices. If a business has an increase of costs by $192, the offset has to be a lot more than $192. The actual cost is not $192, however it is closer to $5000, otherwise the profit margin goes down. Most restaurants work off a 3.6% profit margin. To produce more food, you would have to buy more food, use more electric, clean more dishes etc, etc. so it always isn't easy to do. You do have to raise food prices but it isn't the only way you can recoup a labor increase.
He's too stupid to get it. He thinks business owners shit money.

And what do you know and do little guy?
 
I can tell you this----- We talk about Trump garbage all the time from ignorant climate change to just about everything. And at high very percentage the educated and rich Asians don't like Trump. The poor and poorly informed like Trump because how he look only only. But things had change lately when they heard that Trump will cut off Medicaid.
In general they view those white people attending Trump rallies as ALL racist. I'm very sure they are not all racist but------ Sad.
You're on LSD. Lots of smart people like Trump, you are not the spokesperson for all the smart people. Or the rich. Or anyone except yourself. What people hear is pretty much garbage. Every poll I've seen says they are not highly regarded Too much fake news out there.

Lots of smart rich people. The other side of the coin are ignorant middle-class/poor fools.
Lots of smart middle class and poor too. Money doesn't mean smart. I've met many stupid wealthy people. So it's a moot point.

Really? With your level I doubt it if you even know a single wealthy people. With you level------- Why would a wealthy persons even talk to you in person?
I don't care what you doubt, you stupid piece of shit.

Of course you do. You bother to respond. When you come to this point you are loser and I won. Go eat some paint chips kid.
With your poor attitude I bet you are a poor person.
 
I do not lie and I do not bull shit. What I told you are reality in life and facts.
You are right I'm not the spoke person for the whole America but I know more minorities than anybody here in this site combined. I've been in business for over 30 years during that years i accumulated a lots of contacts and friends. What do you do for a living?
The garbage coming from Trump are vibrated all over US and the world. They are laughing at us how we elected a petulant child president.
You do not need to hear that from me. Just look around you how many Americans hated or against Trump. That's a fact. Remember he only received anemically 63 millions votes and that is dwindling. That's a fact.
The votes are dwindling? The election is still going on? He won 30 states, that's anemic? You aren't fit to flip hamburgers. Picking up dog shit is all you're good for but I wouldn't let you touch my dog's. Her steaming pile makes more sense than you. Are you getting the drift yet Einstein? Your opinions are meaningless.

With your class you don't deserve to have a dog.
Look stupid-------- The number of people that voted for Trump was only 63 millions. From what we see as decent Americans showing all these kind of bullying, thuggery unbelievable and low class behavior of a president. You do not expect the 63 millions supporters are the same numbers but getting less.
I can tell you for fact that there is a good numbers of Americans regret voting Trump. Even GOPs are blasting Trump. I gave Trump F in business and most of his policies. Go eat more paint chips.

CEOs give President Trump an ‘F’ for his performance: poll - NY Daily News

Donald Trump as CEO of the US gets an F from management experts - MarketWatch

CEOs to Trump: You're failing
 
I do not lie and I do not bull shit. What I told you are reality in life and facts.
You are right I'm not the spoke person for the whole America but I know more minorities than anybody here in this site combined. I've been in business for over 30 years during that years i accumulated a lots of contacts and friends. What do you do for a living?
The garbage coming from Trump are vibrated all over US and the world. They are laughing at us how we elected a petulant child president.
You do not need to hear that from me. Just look around you how many Americans hated or against Trump. That's a fact. Remember he only received anemically 63 millions votes and that is dwindling. That's a fact.
The votes are dwindling? The election is still going on? He won 30 states, that's anemic? You aren't fit to flip hamburgers. Picking up dog shit is all you're good for but I wouldn't let you touch my dog's. Her steaming pile makes more sense than you. Are you getting the drift yet Einstein? Your opinions are meaningless.

With your class you don't deserve to have a dog.
Look stupid-------- The number of people that voted for Trump was only 63 millions. From what we see as decent Americans showing all these kind of bullying, thuggery unbelievable and low class behavior of a president. You do not expect the 63 millions supporters are the same numbers but getting less.
I can tell you for fact that there is a good numbers of Americans regret voting Trump. Even GOPs are blasting Trump. I gave Trump F in business and most of his policies. Go eat more paint chips.

CEOs give President Trump an ‘F’ for his performance: poll - NY Daily News

Donald Trump as CEO of the US gets an F from management experts - MarketWatch

CEOs to Trump: You're failing
And we know how much the average worker loves CEOs.
 
Automation is the way to go. Most of what is happening in the back can be automated including taking orders as anyone who has used Siri or Alexa knows. Having humans at the counter puts a human face on a store-sized robot.

I agree with you to a point. I don't think human's today are all that concerned if there is a "human face" on a store-sized robot. So many people now go into a fast food restaurant, or regular restaurant for that matter, and never look up from their phone.

In fact, I think a majority would love it if their phone had an app so they could order the minute they walk in the door or hit "repeat" or "regular" and be done. Run their debit card and pick up their order.
 
And we know how much the average worker loves CEOs.

In my previous life, I worked in retail management. I admired management and aspired to move up as far as possible. I was excellent at what I did and loved teaching others.

Why would I NOT admire and respect them? They loved my work and they were giving me a huge opportunity to advance my career.
 
I gave you an specific example how a restaurant can easily recover a MW increase and how people spend $11. So if you multiply that to 20 customers. How tough is that for you to understand?
That has NOTHING to do with how I viewed or make the $70,000. If you own a business that $70,000 is a peanut compared to other expenses like leasing. Other restaurants as mentioned in this thread closed because new leasing increases from $25k per month to $30k, to $40k -------- these are the killers. Not the MW hike.

Only if it was all that simple, however it doesn't work that way. Depending on the size of a business 70K can be a lot or a little. An increase from $25K a month to 30K is a $60K a year increase, which is less than your claimed peanuts of $70K. So I think your numbers in others items of business are way off.

Hello papag. I have not seen you for a while.
My numbers was just an example how a restaurant can easily recover $192 MW a day increase = 70k/year. From my example---- if a couple spend minimum ( that is minimum ) of $11 ($5.50/person) higher from previous menus.
Let say say ONLY 35 customers ate in that restaurant for the whole day during lunch and diner= $192.50.
If that same restaurant had 80 to 120+ customers in one day. Piece of cake.

1. Been around, I hope things are going well for you. How do you drive an extra 40 to 70 customers a day?

2. The average profit margin of a restaurant is 3.6% to make up $192.50 in costs a restaurant needs to generate over $5300 a day in revenue to maintain the slim 3.6% in profit.
3. If you increase customers you will increase food costs, you increase labor, water, sewer, lights and so on. So a business owner would need to look at the impact of a wage increase and find ways to off set the expense. The ways to do that are limited. Increase menu prices, look at the restaurant hours and cut back on slow business hours, layoff workers and short staff, get lower quality food, cut back on portions, there are other ways but those are most of them. Most small businesses don't have a lot of areas to cut back.

1. Health and business been good can't complain. Just returned from a summer Hawaiian vacation with my entire clan for 8 days.

2. The 35 number of customers I gave for lunch and dinners is the minimum. There are no such restaurants that only have 35 customers for lunch and dinners. Otherwise they are not in business to begin with. I gave a minimum $5.50 per person increase from old menu x 35 customers to cover $192. They do these all the time. That kind of increase will not result in lay off, cut back hours, short staff or lower quality food. Otherwise all famous and big restaurants are closed a long time ago.
There are tons of small businesses here that are operational and successful. They do give raises to their current employees, a lot of them are making over $16/hour. I do not expect a lot or any business that will close because of MW hike. If business is good business will survive----- If business is sucks like food you don't expect to survive.

My favorite taco stand here in San Diego normally cost me $3.15 for one taco asada. I know the owner for many years. She increased the price of taco asada to $3.65 and so the rest of the menu across the board including soda effective last June 5. Not sure what and how much she increases across the board
I ate 4 taco asada today no soda ( too much sugar) just water. That is when I asked her ------ Why is the increase? She said MW increase amigo and the place was packed as always.
With low unemployment rate businesses are force to hire the rejects and higher rates than $12.

Glad you had a great vacation, we just did a drive from Mt. Rushmore, Devils Tower and Yellowstone, this fall we are taking a cruise.

I'm just saying that additional costs are not simply offset by raising prices. If a business has an increase of costs by $192, the offset has to be a lot more than $192. The actual cost is not $192, however it is closer to $5000, otherwise the profit margin goes down. Most restaurants work off a 3.6% profit margin. To produce more food, you would have to buy more food, use more electric, clean more dishes etc, etc. so it always isn't easy to do. You do have to raise food prices but it isn't the only way you can recoup a labor increase.

Papag. It's nice to have a decent conversation. I tried to get back but I'm here at casino pechanga in Southern California playing black jack having a good luck. I will catch up with you some other time.

IMG_1845.jpg
 
That is bull shit. How can you tell a liberal and republican business owners?
We have lots of democrats business owners here in California are you saying they don't work long hours? Crap.

Comprehension is difficult for you is it not?

What did I say? Please have someone read it to you and define the words I use.

"The majority will be Republicans. They have to work LONG hard hours to earn a living. Something foreign to most Democrats."

If that is incomprehensible to you, (that means you cannot understand) then please don't respond and embarrass yourself once more.

LOL. Embarrassed my self? I trashed you all over the place and all the time.

This just show how poorly experience and poorly informed you are. You are just a regular employee working for somebody so what in the world you know about business or how the enterprises works? Or who is who own businesses? NOTHING.

You probably work ONLY for one republicans but that doesn't qualify for that kind of opinion.
I know lots of liberals that are business owners successful and well established and they work very long hours.
You probably make shit up all day every day and believe whatever you want. The only one you trashed is yourself.
 
Automation is the way to go. Most of what is happening in the back can be automated including taking orders as anyone who has used Siri or Alexa knows. Having humans at the counter puts a human face on a store-sized robot.

I agree with you to a point. I don't think human's today are all that concerned if there is a "human face" on a store-sized robot. So many people now go into a fast food restaurant, or regular restaurant for that matter, and never look up from their phone.

In fact, I think a majority would love it if their phone had an app so they could order the minute they walk in the door or hit "repeat" or "regular" and be done. Run their debit card and pick up their order.
Those apps exist. With robots and apps, we won't even need the pimply-faced teenager spitting in our food for $15/hour
 
And we know how much the average worker loves CEOs.

In my previous life, I worked in retail management. I admired management and aspired to move up as far as possible. I was excellent at what I did and loved teaching others.

Why would I NOT admire and respect them? They loved my work and they were giving me a huge opportunity to advance my career.
You never worked in finance where you are treated like bathroom tissue.
 
What life have I missed? It's complete bullshit if you think smart business owners work hard, it's how we make you feel sorry for us and keep the competition down. The truth is the people that work for us work their asses off.

My point was the right gives the rich all of those tax loopholes which the middle class and poor pay for them.
Lots of rich dems and lots of them are writing those laws too. And taking advantage of them. Smart business owners don't work hard? You come here every day and prove how stupid you are then pretend to be a business owner. People aren't as dumb as you seem to think.

Who believes you're a business owner? I'd like to see someone say so.

Which Democrats are those?

No, smart business owners don't work hard.

I don't come here everyday. I usually post when I travel because it's boring.

The middle class are dumb, they continue to vote for Republicans.
You're a bigot. Your definition of smart and dumb differ from mine. Your traveling salesman job doesn't qualify as a business owner. No successful owner would trash such a large segment of the population.

How is pointing out and proving that if you're middle class voting Republican is voting against your own best interest 'bigoted?'
 
California does have the highest poverty rate when you factor in cost-of-living, otherwise California has average poverty rate.

The simple fact that we have poverty tells me that employers don't pay enough.

Forcing employers by law to pay higher wages just create more poverty.

Kick out all the illegal chap labor and employers will compete for remaining legal labor by increasing wages.

Let the free market work.
.
Low pay creates poverty.

You're debating with a guy that firmly believes that if an employer knowingly hires an illegal worker, that employer should loose his/her business and his/her freedom for a few years.

FYI; Employers will not increase wages unless they are made. Conservatives have marketed very hard for the market price concept, like the fresh catch of the day. IMO, it's morally corrupt.

Hate to tell you but there is no free market. Never has been, never will be.

I have worked for several companies that raised wages because of market forces or wanting to keep a good employee. So you are just plain wrong. When I owned my businesses I paid competitive wages and good employees I gave raises to keep them from looking for other jobs.

We use e-verify to make sure we don't hire illegals.

I set the standard in pay, not a reactionary reflex. If you don't you'll loose your soul AND your business.

You don't even own a business so spare us your BS.

You are entitled to your own ignorant opinion.
 
Not arguing about it. It all falls on deaf ears anyway.

The homeless population is growing. It can happen to anyone. At any time. Lack of poor planning. Asteroid. Skyrocketing rents. War. Illness. Choice to live cleanly and homeless rather than living in desolation and filth and bad neighborhoods. etc etc etc.

Good night.

California claims that high prices on the state are the measure of their success. They sure know how to spin it.

California also has over 21% of all homeless in US, second is New York with 15%.

California does have the highest poverty rate when you factor in cost-of-living, otherwise California has average poverty rate.

The simple fact that we have poverty tells me that employers don't pay enough.

Forcing employers by law to pay higher wages just create more poverty.

Kick out all the illegal chap labor and employers will compete for remaining legal labor by increasing wages.

Let the free market work.
.
Low pay creates poverty.

You're debating with a guy that firmly believes that if an employer knowingly hires an illegal worker, that employer should loose his/her business and his/her freedom for a few years.

FYI; Employers will not increase wages unless they are made. Conservatives have marketed very hard for the market price concept, like the fresh catch of the day. IMO, it's morally corrupt.

Hate to tell you but there is no free market. Never has been, never will be.

The best way to increase the pay is to let free market works.

It might be too hard and confusing for you to get the picture at first, but If you force employer to pay higher wages, the employer will just hire less and shift duties to existing workers by increasing their productivity or switch to automation. If you didn't notice, that's happening for a while now.

What happens to those who don't get hired because of government mandated wages? They go back to government support, thus more poverty is created. Who knows, maybe that's why lefties are doing it...

There is no free market. Never has been. It's a Libertarian fantasy.
 
There aren't any in Nevada. If you can find one, perhaps you should take a selfie to post.

You don't mean the hamburger flipping robot? The same robot that the manufacture states WON'T FLIP HAMBURGERS.
There are in Orlando, Fla. We saw them a few weeks ago when we took the grandkids on vaca.

So you saw kiosks replacing workers? Nobody was behind the counter? Nobody was taking orders?
There was one person behind the counter. Just like with a grocery store's self checkout, there was one person overseeing everything to answer questions and handle the customers who, for what ever reason, refused to use the kiosks.

Two people, just like before. Thank you.
Not two, one.

'there was one person overseeing everything to answer questions and handle the customers who, for what ever reason, refused to use the kiosks.'

That would be two.
 
What life have I missed? It's complete bullshit if you think smart business owners work hard, it's how we make you feel sorry for us and keep the competition down. The truth is the people that work for us work their asses off.

My point was the right gives the rich all of those tax loopholes which the middle class and poor pay for them.
Lots of rich dems and lots of them are writing those laws too. And taking advantage of them. Smart business owners don't work hard? You come here every day and prove how stupid you are then pretend to be a business owner. People aren't as dumb as you seem to think.

Who believes you're a business owner? I'd like to see someone say so.

Which Democrats are those?

No, smart business owners don't work hard.

I don't come here everyday. I usually post when I travel because it's boring.

The middle class are dumb, they continue to vote for Republicans.
You're a bigot. Your definition of smart and dumb differ from mine. Your traveling salesman job doesn't qualify as a business owner. No successful owner would trash such a large segment of the population.

How is pointing out and proving that if you're middle class voting Republican is voting against your own best interest 'bigoted?'


Where did you ever prove that? It's not that complicated to figure out my property taxes is lower then Chicago in South Carolina.


.
 
I gave you an specific example how a restaurant can easily recover a MW increase and how people spend $11. So if you multiply that to 20 customers. How tough is that for you to understand?
That has NOTHING to do with how I viewed or make the $70,000. If you own a business that $70,000 is a peanut compared to other expenses like leasing. Other restaurants as mentioned in this thread closed because new leasing increases from $25k per month to $30k, to $40k -------- these are the killers. Not the MW hike.

Only if it was all that simple, however it doesn't work that way. Depending on the size of a business 70K can be a lot or a little. An increase from $25K a month to 30K is a $60K a year increase, which is less than your claimed peanuts of $70K. So I think your numbers in others items of business are way off.

Hello papag. I have not seen you for a while.
My numbers was just an example how a restaurant can easily recover $192 MW a day increase = 70k/year. From my example---- if a couple spend minimum ( that is minimum ) of $11 ($5.50/person) higher from previous menus.
Let say say ONLY 35 customers ate in that restaurant for the whole day during lunch and diner= $192.50.
If that same restaurant had 80 to 120+ customers in one day. Piece of cake.

1. Been around, I hope things are going well for you. How do you drive an extra 40 to 70 customers a day?

2. The average profit margin of a restaurant is 3.6% to make up $192.50 in costs a restaurant needs to generate over $5300 a day in revenue to maintain the slim 3.6% in profit.
3. If you increase customers you will increase food costs, you increase labor, water, sewer, lights and so on. So a business owner would need to look at the impact of a wage increase and find ways to off set the expense. The ways to do that are limited. Increase menu prices, look at the restaurant hours and cut back on slow business hours, layoff workers and short staff, get lower quality food, cut back on portions, there are other ways but those are most of them. Most small businesses don't have a lot of areas to cut back.

1. Health and business been good can't complain. Just returned from a summer Hawaiian vacation with my entire clan for 8 days.

2. The 35 number of customers I gave for lunch and dinners is the minimum. There are no such restaurants that only have 35 customers for lunch and dinners. Otherwise they are not in business to begin with. I gave a minimum $5.50 per person increase from old menu x 35 customers to cover $192. They do these all the time. That kind of increase will not result in lay off, cut back hours, short staff or lower quality food. Otherwise all famous and big restaurants are closed a long time ago.
There are tons of small businesses here that are operational and successful. They do give raises to their current employees, a lot of them are making over $16/hour. I do not expect a lot or any business that will close because of MW hike. If business is good business will survive----- If business is sucks like food you don't expect to survive.

My favorite taco stand here in San Diego normally cost me $3.15 for one taco asada. I know the owner for many years. She increased the price of taco asada to $3.65 and so the rest of the menu across the board including soda effective last June 5. Not sure what and how much she increases across the board
I ate 4 taco asada today no soda ( too much sugar) just water. That is when I asked her ------ Why is the increase? She said MW increase amigo and the place was packed as always.
With low unemployment rate businesses are force to hire the rejects and higher rates than $12.

Glad you had a great vacation, we just did a drive from Mt. Rushmore, Devils Tower and Yellowstone, this fall we are taking a cruise.

I'm just saying that additional costs are not simply offset by raising prices. If a business has an increase of costs by $192, the offset has to be a lot more than $192. The actual cost is not $192, however it is closer to $5000, otherwise the profit margin goes down. Most restaurants work off a 3.6% profit margin. To produce more food, you would have to buy more food, use more electric, clean more dishes etc, etc. so it always isn't easy to do. You do have to raise food prices but it isn't the only way you can recoup a labor increase.

'Most restaurants work off a 3.6% profit margin.'

Not including;

-The owners payroll.
-The owners families payroll.
-The company car (s).
-The owners girlfriend/Sugar Baby.
-The owners vacation property.

Much, much, more than 3.6%
 

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