Around Baseball 2022

[Stangstag]

You see this type of s*** all the time on real estate deals.

 

Honest buyer has a condition on home inspection. They can kill the deal if they don't like the inspection.

They do the inspection and there is something just a bit odd. Like, inspector says there is a chance of asbestos but someone would need to cut into the drywall and have the insulation tested.

The buyers ask for a two week extension of the deadline of their condition. And the right to test the insulation.

The sellers say no. They don't want to open a can of worms or miss the market. They turn around and sell with no conditions to someone else, for a bit less $$.

 

Idk if you’re aware of the housing market these days but having an inspection as part of the deal usually means you won’t get the house. Plenty of people in line willing to do a blind deal with no conditions

[Stangstag]

2013

 

Boy is it different these days

[connorp]

Boy is it different these days

 

Who would buy a house now though, idk. Better off waiting 1 year at this point. Can’t get worse but could get a whole lot better… buyer perspective I mean

[Laika]

Who would buy a house now though, idk. Better off waiting 1 year at this point. Can’t get worse but could get a whole lot better… buyer perspective I mean

 

what if interest rates go to 10%?

 

there is no right answer here, the market is so f***ed and unpredictable

[Laika]

As just DFA'd Zach Logue

 

Bring him back

[connorp]

what if interest rates go to 10%?

 

there is no right answer here, the market is so f***ed and unpredictable

 

I guess. I’m just never a fan of paying top dollar for anything. Prices will cool. We’ll see

[Laika]

I guess. I’m just never a fan of paying top dollar for anything. Prices will cool. We’ll see

 

yeah maybe

 

i am thinking they just go sideways for a year or two though

 

we had a sharp correction this fall. the top did blow off.

[Terminator]

As just DFA'd Zach Logue

 

Bring him back

 

Yeah he'd be good AAA fodder for us.

[Pendleton]

[Jimcanuck]

what if interest rates go to 10%?

 

there is no right answer here, the market is so f***ed and unpredictable

 

That would be a great time for people with money on hand

 

Friend of mine sold his Naples, Fl condo in April, a few months before the hurricane f***ed everything up. He's sitting on $800K US waiting for the market to bottom

[Carlos Danger]

You see this type of s*** all the time on real estate deals.

 

Honest buyer has a condition on home inspection. They can kill the deal if they don't like the inspection.

They do the inspection and there is something just a bit odd. Like, inspector says there is a chance of asbestos but someone would need to cut into the drywall and have the insulation tested.

The buyers ask for a two week extension of the deadline of their condition. And the right to test the insulation.

The sellers say no. They don't want to open a can of worms or miss the market. They turn around and sell with no conditions to someone else, for a bit less $$.

 

Yes. The Giants should never have scheduled a press conference until the contract was signed and they had approved the medicals. The Giants jumped the shark on the standard baseball process. A process that is recommended by MLB to be followed by all teams.

[Laika]

That would be a great time for people with money on hand

 

Friend of mine sold his Naples, Fl condo in April, a few months before the hurricane f***ed everything up. He's sitting on $800K US waiting for the market to bottom

 

yeah he's sitting pretty

 

I dunno, I think there is a decent chance this is the real estate market bottom

 

unless we go sideways for 3/4 years and there is a nuke in ~2026 as cheap+big mortgages people got during COVID expire and they have to renew at much higher interest rates while their properties aren't even worth as much. That is a bit of a perfect storm for a real estate liquidation cascade.

[Carlos Danger]

That would be a great time for people with money on hand

 

Friend of mine sold his Naples, Fl condo in April, a few months before the hurricane f***ed everything up. He's sitting on $800K US waiting for the market to bottom

 

Florida is a micro market and different compared to other parts of the U.S. The demand for property in Florida is still strong from all the people fleeing NY, CA and Illinois etc. They have cash from inflated home prices in their home state and interest rates don't affect them as much. Unfortunately, $800K won't get you anything too great in Florida these days.. Unless you go to more rural areas.

[Jimcanuck]

Florida is a micro market and different compared to other parts of the U.S. The demand for property in Florida is still strong from all the people fleeing NY, CA and Illinois etc. They have cash from inflated home prices in their home state and interest rates don't affect them as much. Unfortunately, $800K won't get you anything too great in Florida these days.. Unless you go to more rural areas.

 

He's not in the home market, but condo market as a vacation home. Plenty of 2 bedroom condos for $800K or less, even in Naples area

[jaysblue]

Who would buy a house now though, idk. Better off waiting 1 year at this point. Can’t get worse but could get a whole lot better… buyer perspective I mean

 

Depends on how much money you can put down, what you could lock in at and if you could get a deal on a property. For example, a lot of bungalows or back splits in Mississauga/Toronto were selling for $1.8M-2M almost back in February, now you can get them for about $1.3-1.5M. Anything outside of the GTA dropped drastically since February/March.

 

Pretty much prices returned to pre-Covid levels so 2018/2019 prices. I don't see the Bank of Canada raising interest rates any higher but who knows.

 

If you have money in the bank, and could put a good chunk down, it's not a bad time to buy. But yeah its unpredictable.

[jaysblue]

I guess. I’m just never a fan of paying top dollar for anything. Prices will cool. We’ll see

 

They already have for sure. A lot of properties over $2 million back in February/March took the biggest hit, especially outside of the GTA.

[jaysblue]

yeah maybe

 

i am thinking they just go sideways for a year or two though

 

we had a sharp correction this fall. the top did blow off.

 

Yeah prices returned to 2018/2019 levels pre-COVID. I think they will stay the same for another year or so. Seems like everything is going back to normal. More immigration coming in, interest rates should pause I think, and people will start looking to buy again especially in the GTA. Probably will see a bit of a bump in 2024/2025.

[jaysblue]

Florida is a micro market and different compared to other parts of the U.S. The demand for property in Florida is still strong from all the people fleeing NY, CA and Illinois etc. They have cash from inflated home prices in their home state and interest rates don't affect them as much. Unfortunately, $800K won't get you anything too great in Florida these days.. Unless you go to more rural areas.

 

Yeah Florida market should always remain strong since there are so many buyers from other parts of the States and Canada and elsewhere in the world. Prices haven't cooled down that much since last Spring.

[jaysblue]

He's not in the home market, but condo market as a vacation home. Plenty of 2 bedroom condos for $800K or less, even in Naples area

 

Yeah condo market in Florida is still relatively cheap, depending on where you buy. Anything with an ocean view though is quite expensive haha.

[Carlos Danger]

Yeah condo market in Florida is still relatively cheap, depending on where you buy. Anything with an ocean view though is quite expensive haha.

 

Remember, there is the price of a condo and then a monthly maintenance, association fees and then assessments. You could have a $1000 dollar plus maintenance and association fee per month. If the building is old, they might need to fix the pipes etc and then you get a $25 million dollar assessment fee divided by 200 units etc.. Lot's of hidden costs in condos apart from the mortgage.

[jaysblue]

Remember, there is the price of a condo and then a monthly maintenance, association fees and then assessments. You could have a $1000 dollar plus maintenance and association fee per month. If the building is old, they might need to fix the pipes etc and then you get a $25 million dollar assessment fee divided by 200 units etc.. Lot's of hidden costs in condos apart from the mortgage.

 

Yeah exactly. That's why I don't like condos at all, only if you purchase pre-construction and hold a unit short term.

 

As well, properties get a tax reassessment in Florida correct? So for example lets say that property was assessed $100K five years ago and then you paid $350-400K for it this year, property tax rate increases big time.

[Carlos Danger]

Yeah exactly. That's why I don't like condos at all, only if you purchase pre-construction and hold a unit short term.

 

As well, properties get a tax reassessment in Florida correct? So for example lets say that property was assessed $100K five years ago and then you paid $350-400K for it this year, property tax rate increases big time.

 

Yes, property taxes will go up depending on your purchase price. However, the yearly increase is normally capped by the County you are in. So Palm Bch county as an example is 2% or something like that I think.

 

If the previous owner was paying taxes on a $150K condo, they bought in 1990 and now is worth $800K (you paid). That 2% is a lot!

[THANOS]

I'm not, just Bat > SP.

 

Sure, but Javier could be a legitimate SP2, which is an All-Star level talent. That could be better than what we could get Bat-wise.

[Ehjays]

Yankees Designate Lucas Luetge For Assignment

By Anthony Franco | December 21, 2022 at 4:44pm CDT

 

The Yankees announced they’ve designated reliever Lucas Luetge for assignment. The move creates a 40-man roster spot for Tommy Kahnle, who has officially signed a two-year free agent deal.

 

It’s a relatively surprising decision, as Luetge is coming off a strong two-year run in the New York bullpen. The southpaw returned to the majors in 2021 for the first time in six years. Signed to a minor league deal over the 2020-21 offseason, he broke camp with the MLB club that season. Luetge held his bullpen spot all year and posted a 2.74 ERA over 72 1/3 innings. He struck out an above-average 25.9% of batters faced with a sterling 5% walk rate, holding left-handed hitters to a dreadful .196/.204/.315 line in the process.

 

Luetge’s 2022 campaign wasn’t quite at that level, but he managed another productive year. He was called upon 50 times and put up a 2.67 ERA across 57 1/3 frames. The 35-year-old punched out 23.9% of opponents against a 6.8% walk percentage. Lefties managed a more respectable .269/.359/.333 showing off him this time around, largely thanks to an uptick in free passes.

 

Nevertheless, Luetge generally handled himself well when tabbed by skipper Aaron Boone. Over his time in pinstripes, he put together a 2.71 ERA through 129 2/3 frames. He avoided the injured list in both seasons, struck out a quarter of his opponents and walked less than 6% of batters faced. Luetge held opponents to a .255/.307/.371 slash in 552 plate appearances. He missed bats on over 12% of his offerings in both seasons and was particularly adept at staying off barrels. Only 23.5% of batted balls against him this past season were hit hard, per Statcast; that’s the lowest rate of any qualified pitcher in the game.

 

While Luetge was consistently productive, he never quite worked his way up the bullpen hierarchy in the Bronx. New York relied upon Wandy Peralta in higher-leverage situations, and Luetge was a healthy scratch in this year’s American League Championship Series. Peralta generates more ground-balls and throws in the mid-90s, while Luetge has succeeded on guile and movement — primarily turning to a cutter that averaged just 87.6 MPH this year.

 

As New York stockpiles power arms in the bullpen, Luetge was squeezed out of the picture. There’s a good chance he finds another landing spot in the next few days, with the Yankees having a week to trade him or put him on waivers. Luetge is eligible for arbitration through the end of the 2024 season; he’s projected by MLBTR contributor Matt Swartz for a $1.7MM salary next year. That’s a reasonable price for a productive lefty bullpen arm, and teams like the Cardinals, Astros, Cubs and Guardians could check in with New York general manager Brian Cashman about the possibility of a minor trade.

[wilko]

Yankees Designate Lucas Luetge For Assignment

By Anthony Franco | December 21, 2022 at 4:44pm CDT

 

The Yankees announced they’ve designated reliever Lucas Luetge for assignment. The move creates a 40-man roster spot for Tommy Kahnle, who has officially signed a two-year free agent deal.

 

It’s a relatively surprising decision, as Luetge is coming off a strong two-year run in the New York bullpen. The southpaw returned to the majors in 2021 for the first time in six years. Signed to a minor league deal over the 2020-21 offseason, he broke camp with the MLB club that season. Luetge held his bullpen spot all year and posted a 2.74 ERA over 72 1/3 innings. He struck out an above-average 25.9% of batters faced with a sterling 5% walk rate, holding left-handed hitters to a dreadful .196/.204/.315 line in the process.

 

Luetge’s 2022 campaign wasn’t quite at that level, but he managed another productive year. He was called upon 50 times and put up a 2.67 ERA across 57 1/3 frames. The 35-year-old punched out 23.9% of opponents against a 6.8% walk percentage. Lefties managed a more respectable .269/.359/.333 showing off him this time around, largely thanks to an uptick in free passes.

 

Nevertheless, Luetge generally handled himself well when tabbed by skipper Aaron Boone. Over his time in pinstripes, he put together a 2.71 ERA through 129 2/3 frames. He avoided the injured list in both seasons, struck out a quarter of his opponents and walked less than 6% of batters faced. Luetge held opponents to a .255/.307/.371 slash in 552 plate appearances. He missed bats on over 12% of his offerings in both seasons and was particularly adept at staying off barrels. Only 23.5% of batted balls against him this past season were hit hard, per Statcast; that’s the lowest rate of any qualified pitcher in the game.

 

While Luetge was consistently productive, he never quite worked his way up the bullpen hierarchy in the Bronx. New York relied upon Wandy Peralta in higher-leverage situations, and Luetge was a healthy scratch in this year’s American League Championship Series. Peralta generates more ground-balls and throws in the mid-90s, while Luetge has succeeded on guile and movement — primarily turning to a cutter that averaged just 87.6 MPH this year.

 

As New York stockpiles power arms in the bullpen, Luetge was squeezed out of the picture. There’s a good chance he finds another landing spot in the next few days, with the Yankees having a week to trade him or put him on waivers. Luetge is eligible for arbitration through the end of the 2024 season; he’s projected by MLBTR contributor Matt Swartz for a $1.7MM salary next year. That’s a reasonable price for a productive lefty bullpen arm, and teams like the Cardinals, Astros, Cubs and Guardians could check in with New York general manager Brian Cashman about the possibility of a minor trade.

 

That's kind of surprising. He's been solid.

[Ryu In My House]

That's kind of surprising. He's been solid.

 

He's been really solid and is a lefty, this is someone the Jays should definitely take a flyer on.

[Ehjays]

He's been really solid and is a lefty, this is someone the Jays should definitely take a flyer on.

 

They will work out a trade and you know it wont be to the Jays.

[jerb]

 

Jeff Passan

@JeffPassan

 

Catcher James McCann has been traded from the New York Mets to the Baltimore Orioles, sources tell ESPN.

[Jimcanuck]

O's making a move.

[L54]

Congrats to James McCann on having a career year entering FA and securing 40M. He’s been pretty bad ever since