bob2356's comments

« First    « Previous     Comments 10114 - 10153 of 10,153     Last »

  bob2356   ignore (1)   2018 May 22, 7:13pm   ↑ like (1)   ↓ dislike (0)   quote        

HowdyThere says
Goran_K says
justme says
Buying company shares in the stock market does not constitute investing in a company. You are investing in future value increases of the shares, and not in the company. The company gets zero benefit from your stock purchase.

This is totally, completely, and fundamentally wrong.

The company doesn't receive the money unless it's an IPO. Please explain justme's error.

Crickets chirping.
  bob2356   ignore (1)   2018 May 23, 3:16am   ↑ like (1)   ↓ dislike (0)   quote        

RafiMaas says
What if they sell MORE stock? Doesn't have to only be at the time of IPO.

The benefit is, if the stock is in high demand the price goes up increasing the companies market capital.

The statement was buying shares, not new issue or IPO. Additional stock issues dilutes existing stockholders values.

RafiMaas says
The benefit is, if the stock is in high demand the price goes up increasing the companies market capital.

Which benefits the shareholders, not the corporation. There is zero effect on the corporation itself. It doesn't change the financial statement at all. That was the original statement.
  bob2356   ignore (1)   2018 May 23, 6:42am   ↑ like (1)   ↓ dislike (0)   quote        

Strategist says
You did not mention safety, health care, social programs, and taxes. Would like your input.

Sure why not? Killington doesn't open till friday , it's raining way to hard to bike or climb. Maybe someone will show up for lunch squash.

Sefety is somewhat schizoprenic. There are no lawsuits. The idea of pain and suffering doesn't exist legally. Lawyers do business, criminal, divorces and there aren't many of them. You are free to do whatever you want and if you bust your ass oh well, you'll know better next time. Playgrounds are awesome with ziplines, structures to climb 20+ feet tall, huge swings and slides. Parents accept that kids can get hurt and deal with it if it happens. We had the rere rock slide close to where I lived which was propular. Rere is a football field size rock tilted at a steep angle with a creek running over it. Slippery as shit covered in moss. Rere was flat out dangerous sliding down this huge bumpy rock totally out of control at high speeds into a big pool. Kids as young as 5 went down, including mine. In the US it would have had armed guards around it to keep people out. In NZ it was open to the public and I believe actually on private land. The local joke was that you should bring an air mattress to be comfortable for the ride to the hospital. The sky tower building in auckland has a bungee jump, actually a free fall. Can you imagine asking the sears tower people about opening a jump off of their building? Mount Ruapehu is an active volcano with 3 ski area's on it. There are signs all over what to do if the volcano erupts while you are skiing. Ski area on an active volcano in the US? I don't think so.

There are no lawsuits for 2 reasons. Public health care so you don't have to sue for medical expenses and acc (accident compensation commission). If you have an accident the the acc compensates you for lost wages and expenses. Acc is funded by a levy on anything that requires a government permit/registration/license/etc.. The risk is calculated and fees charged based on risk. You pay acc levy on car registration for example. Sports cars have a higher levy than economy cars and motorcycles are very expensive. LIke 1000 a year for big bikes. Roofers pay a lot more than accountants. Acc also sets rules for safety which can be something of a nanny thing. Roofers have to use scaffolding and safety harnesses, not ladders for example. Insurance is cheap and not required for most things including your car. Nice of you want to open a kitesurfing school.
  bob2356   ignore (1)   2018 May 23, 7:33am   ↑ like (1)   ↓ dislike (0)   quote        

Don't believe for a second the America is the best health care bullshit. The doctors/hospitals use the same procedures, equipment, training, etc, etc. etc. all around the world. The only advantage to the US is if you need some super specilized cutting edge or experimental procedure because there are more research programs here.

Health care is very good. There aren't death panels or years long wating lists despite the propoganda from people with a huge financial interest in perpetrating the US medical system. NZ is a very good example of the Beveridge Model. Primary care is by capitation, specialists are health board employees. Which means there is no built in conflct of interest of fee for service. There is no huge expensive Infrastructure needed for billing either. You go into a doctors office and the staff is a receptionist and nurse. There isn't a backroom full of billing people eating up 25% of the money. There isn't a front end of insurance companies collecting the money to pay for health care while eating up huge amounts of money in adminstration/profits/lobbying/marketing/etc. yet providing zero patient care. DHB budgets come from the general revenue so there is zero cost of collecting it.

Hospitals aren't businesses that need to market themselves (or lobby, advertise, pay profit,etc.). So there is no need to buy the latest expensive toys or staff some specilized expensive unit to be able to advertise they are keeping up with the hospital down the street. Which leads to both hospitals with underutilized and money losing bragging rights. Expensive things are done on a regional basis calculated by need. Invasive cardiology is in Hamilton for example. When I needed a cardiac mapping and ablation for a heart arrhythmia that was getting worse I needed to travel. The dhb provided airline tickets, accomidations, meals, and even airport parking. I had to wait a couple months, but since I had arrhythmia for 40 years already it wasn't a problem. Waiting for non urget procedures isn't unusual in the US either. If you really need something you get it.

Paper work is zero. You pay your gp a office fee and that's it. Go to the hospital, give your name and that's it.

Doctors are a lot less aggressive with end of life care. They really try to balance quality of life with health care. They won't do advanced procedures on someone terminal. Hospice is common. It's a societal thing also. There isn't the save granny no matter what mind set you see in the US.

There is private health insurance if you don't want to use the public system. It's not terribly expensive either since it's backstopped by the public system. Which brings us to the myth that US doctors are the most highly paid. They are if you compare US salaries with the public system salaries in other countries. But the same doctors work public and private. The numbers coming up in the surveys are only the public and usually doesn't even include the call allowence. What doctors earn in their private practice isn't available. I worked for 5 years as a liason for an international medical recruiter in NZ/Australia. I personally knew (as in went sailing/surfing/out to dinner) Australian ob/s and surgeons knocking down 750k+ between public and private. Even if you only look at public, American doctors work twice as many hours with 1/3 or less of the paid vacation time. Or 15k for cme vs 2k. or 1 year paid sabbatical after 20 years. Big differences.

Enough, going out to the gym. Maybe do some more tommorrow or later in the week.
  bob2356   ignore (1)   2018 May 23, 10:11am   ↑ like (0)   ↓ dislike (0)   quote        

zzyzzx says
I also think it's nuts to be an absentee landlord. If you are going to be a landlord, make it something super convenient.

Why is that? Then you are stuck in your local market. Moving from opportunity to oppotunity is how you make money. FInd blood on the street and buy buy buy.

clambo says
Stocks are better to own but those who like being landlords will not be convinced. Some like the feeling of being owners. I know a man who just loves it and he spends his time running around dealing with his various rentals, it's fun for him. I prefer other hobbies.

I've done both over a very long period of time and I'm out of stocks.

I don't run around and deal with anything. Long, long past needing to do that. I don't even know what many of my properties look like at this point. Never saw them. If there is a problem I get an email and move my mouse to deal with it.

If you like stocks than knock yourself out. Most people should own stocks. Most people should own low fee index funds and nothing else. But don't tell me they are better investments no matter what.. If you do the work and keep upgrading your investments then you can do very well in real estate rentals.

clambo says
The capital appreciation in my Roth IRA has been great and when I convert it someday to a fixed annuity I will be paid a steady tax-free automatic never-ending 6.5%-7% (depending on the age I start payments).

I always love hearing from stock bulls at the end of a long run up how great they did. No one was posting how great they did in 2009 or 2001. How good would your annuity return have been in 2009? Don't count your chickens before they hatch.
  bob2356   ignore (1)   2018 May 23, 12:39pm   ↑ like (1)   ↓ dislike (0)   quote        

NuttBoxer says
bob2356 says
Read again. They understand the value fine and feed themselves just fine locally.

I'm talking about CSA's, direct to consumer sales by local farms. Doesn't sound like that happens enough.

Nah, no CSA's. More in the order of farm stands. You have to realize most places aren't conducive to growing truck crops. There is very little flat ariable well watered land. NZ is mostly big hills or mountains, a most of it somewhat to very dry scrub grass land. Ideal for sheep, pretty good for wine grapes in places, not good for vegies. These are really young mountains still growing. Steep and very prone to slides. Also earthquakes, lots of earthquakes.

The northwest of the north island Auckland to New Plymouth over to Taupo and Rotorua is really the only suitable place for most veggies. Even then a lot of that is too steep. Most of the south island is too dry, pretty much semi arid rain shadowed by the mountains. . Think eastern Oregon to as dry as Nevada in places. The tiny strip west of the southern alps is simply rain forest. The east and south of the north island is pretty dry also. Onions and carrots will grow around Christchurch and Hawkes bay. Some grain right around Christchurch, but not much. Northland across Bay of Plenty down to Poverty Bay (basically the strip along the top of the north island) grows citrus but not much veggies.

So it's not like there are truck farms everywhere that just needs to get their stuff out to the people. It's driven by geography.
  bob2356   ignore (1)   2018 May 23, 12:43pm   ↑ like (0)   ↓ dislike (0)   quote        

NuttBoxer says
. I don't know how much longer I'll be in the US, but hoping to make the move before I'm 45.

Sooner the better if you are serious. Age really counts against you in the residence visa lottery. Residence in Australia is easier.

I'm hoping to finish up here and be back next year. or the south of france, my second favorite place.
  bob2356   ignore (1)   2018 May 23, 3:32pm   ↑ like (1)   ↓ dislike (0)   quote        

Hassan_Rouhani says
How is this any different from finding oneself sitting on a bunch of underwater rentals in 2009? At least with stocks you're not paying for the "privilege" in taxes,interest, insurance and maintenance. So I guess it is different after all. As in "rentals are still worse".

Since I don't have loans I didn't have any underwater rentals in 2009. I sold my east coast price going up fast units in 2006. l missed out on another 20% appreciation, but didn't get the 40% down either.

But if I did carry paper how can a rental be underwater matter if I'm not selling it? Assuming staying with fundamentals and no creative financing what the shit does it matter what the house is "worth". The rent still comes in the same as before. The ROI is exactly the same. The value makes zero difference until sale, which could be forever.

How much income did the lost 50-70% of value stocks generate in 2009? Most didn't get back to break even for 5-7 years. I collected rent every single month. Cry me a river of tears

Don't stay in a frothy market and you can't get burned. I'm selling what i own in Vegas (bought in the blood bath of 2010/11 thank you very much) because it's going up way too fast for my taste. I'll take the money and run now and I don't care if I leave some or even a lot of money on the table.

If anything 2009 was gold for rental houses with so many people looking for rentals after being foreclosed.

You are confusing flipping and gambling with investing
  bob2356   ignore (1)   2018 May 23, 3:38pm   ↑ like (1)   ↓ dislike (0)   quote        

That's fair since trump trolls the entire country every day.

Did his head spin around and spew froth?
  bob2356   ignore (1)   2018 May 24, 4:00am   ↑ like (0)   ↓ dislike (0)   quote        

Hassan_Rouhani says
Same can be said about stocks. Solid ones kept on chugging along paying out the same dividends. And still not requiring taxes, maintenance and such. And, unlike rentals, you can totally forget you even own one. So are we comparing stocks and rentals in general, good stock vs shitty rentals or shitty stocks vs good rentals?

Whatever dude. Dividend yields are average 3% historically. I'm netting 11-13% on rents without any appreciation. I freely admit any market that returns 11-13% isn't going to have much if any appreciation. So what, the money is in the bank already. I owned stocks for a long time. I'm seeing more return in rentals. Most people wouldn't be pro active enough and aggressive enough to to make those kinds of returns in rental properties. Most people wouldn't be pro active enough and aggressive (or skilled) enough to make more than the historical 7% gross in stocks. Most people should own low fee index funds.

You guys just keep telling me it what a poor investment rentals are, I'll just keep putting money in the bank.

Hassan_Rouhani says
PS. I know for a fact that my last landlord was losing money every month on the semi-attached house I rented from him. And then HOA fee jumped from $350 to $700 ....What would be the equivalent of this kind of shit with stocks? Can't think of any.

Anyone losing money every month isn't an investor. How would that happen if you did your homework and made an investment instead of a gamble? Did rents go into the toilet some how?

OMG no one has ever lost money in stocks Certainly no one had any highly recommended worldcom of enron stocks in their portfolio in 2000. or blue chip lehman bros stock in 2008. Not a soul. Then there is just plain old shitty management that runs the company into the ground sinking the share prices. Nah, that never happened.
  bob2356   ignore (1)   2018 May 24, 4:12am   ↑ like (0)   ↓ dislike (0)   quote        

SunnyvaleCA says
and you'll own a "free" house after 30 years, too.

You'll own a "free" house in 15 years if you use a 15 year mortgage and as a bonus you pay 1/3 the interest. Cuts profits but builds equity fast.
  bob2356   ignore (1)   2018 May 24, 9:59am   ↑ like (1)   ↓ dislike (0)   quote        

RafiMaas says
Goran_K says
The truth is the U.S job sector actually has MORE jobs now than potentials looking for work. It hasn't reached this level in decades.

Which brings up the question, why give a tax cut?

Wow only 67 comments to get to the obvious question. Unemployment is effectively zero, so why pass a tax cut to that is supposed to create new jobs? Especially when pursuing an agenda of restricting immigraiton.

Bread and circus, works every time.
  bob2356   ignore (1)   2018 May 24, 10:08am   ↑ like (0)   ↓ dislike (0)   quote        

RafiMaas says
I think Goran took a high level approch to explain why stock markets have value to companies. I say stock markets because without the resaleabilite of a stock there would be no stock market. Grasping at straws? Wow? Just trying to explain an easy benefit that one could observe as to why the resale of stocks has a benefit to the company.

Stocks were sold long before there were stock markets. As far back as the dutch east india companies. IPO's and additional issues have a benefit to the company. Exchanging outstanding shares has none.
  bob2356   ignore (1)   2018 May 24, 10:23am   ↑ like (1)   ↓ dislike (0)   quote        

clambo says
What the real estate people don't want to admit is that in 60 years their property may have cost a fortune in upkeep. I have seen houses in New England that were very old but they were built at the same level of strength as a wooden ship (by the same people who built ships).

Modern claptrap houses will require constant upkeep.

That is called a business expense. After 25 years jetliners cost a fortune in upkeep. Should airlines invest in stocks instead? After 25 years a factory costs a fortune in upkeep. Should car makers invest in stocks instead?

clambo says
I'm a "stock bull" who has been an investor in mutual funds since 1983.

Great, knock yourself out. Keep telling me how I can't make money. Especially since I'm retired and living very, very nicely on 30 years of investment in rental properites.

Just sitting on that sack of seeds.
  bob2356   ignore (1)   2018 May 24, 10:27am   ↑ like (1)   ↓ dislike (0)   quote        

anotheraccount says
There goes the argument that China was helping Trump with North Korea.

Looks more like NK was helping china with trump. 9D chess oriental style.
  bob2356   ignore (1)   2018 May 24, 3:01pm   ↑ like (0)   ↓ dislike (0)   quote        

pkennedy says
So you're super gung-ho on inflation remaining ultra low for the next 30 years?

If you really are keeping a house 30 years. I doubt that. Markets change way to fast. I've changed markets 4 times in the last 30 years and done very well with each change. I'll take the accelerated paydown and have the cash on sale to reinvest rather than sending money to the bank for their bottom line. I'm past having to get money from the bank to invest with so it doesn't matter to me.
  bob2356   ignore (1)   2018 May 24, 3:01pm   ↑ like (0)   ↓ dislike (0)   quote        

Hassan_Rouhani says
See: you compare "average" something with particular something else. Apples and oranges. Fallacy.

Yawn. Quibble much?
  bob2356   ignore (1)   2018 May 25, 3:38pm   ↑ like (1)   ↓ dislike (0)   quote        

Hircus says
It sounds like you outright buy rental units instead of using mortgages. Why? Is it the increased risk of leverage that you wish to avoid? I'm not criticizing, but genuinely curious to hear from someone with so much experience.

Sure. One big reason is a I have a number of houses through my IRA. Rolled my IRA after leaving my last job into self directed. Sold out of stocks and bought units. You cannot use leverage through a self directed IRA. I've done very well with these units, having shifted from TX to Vegas in 2010/11 and now taking out gains to move into the rust belt. Got out of TX because insurance and taxes skyrocketed causing the ROI to drop big time. As the prices have moved up and up in Vegas the last 7 years ROI on the value or the properties has been dropping and dropping. Time to hit reset and start over.

My non IRA units started with sweat equity (like every night and weekend for 4 years to start) and leverage. I've arbitraged moving from market to market with these also using 1031 swaps. That let me get mortgage free. I've retired, but wife still works making a great income that we live off of. I don't need to leverage up. I've got great rental income coming in and roll it into short term investments until there is enough to buy another unit. I don't have to give banks any of the revenue.

Even inexpensive mortgages still cost a lot. Look at an amortization table. After 10 years at 4.5% (roughly todays rate) paying 1045.00 month (total 125,400 with 251,040 left to pay)) you owe 82% of the balance but have made only 33% of the payments. Go to a 15 year at 4% after 10 years paying 1546 a month (total 185,520 with 92760 left to pay) you will have paid almost 60% of the balance and made 66% of the payments. I always used a 15 year even if it makes the cash flow essentially zero or even slightly negative until rents come up after a few years. I didn't use the cash to live on building equity instead.

Taxes would take a medium size boot to address. You need a really sharp accountant who knows real estate tax law and do lots of home work.

If any of that was helpful then great.

PS. I'm sure the naysayers will be joining us to wail and knash teeth. OMG you paid a realtor and closing costs, the horror, the horror. Yes guilty. after getting 9-12% ROI every single year and getting anywhere from 10 (TX) to 50% (some of my vegas properties are in that range, buy when blood is on the street) appreciation I gave back a whole 6% divided over 7-8 years. That's like almost 1% a year. "Please Bre’r Fox and Bre’r Bear, don't throw me in that there briar patch"
  bob2356   ignore (1)   2018 May 26, 4:09am   ↑ like (0)   ↓ dislike (0)   quote        

pkennedy says
The best route to go, when starting out is to buy properties you can live in for a year, getting the better rates. Not only this, you learn about the house or apartment. You can also fix up any issues before they become sunday night calls for a plumber. Then top it off with your renters are likely to be like minded. It just makes things easier when your ideas of what is expensive match theirs, and what's acceptable for a time line matches their expectations. Your expectations will likely match much more closely with theirs and that just makes communication easier. Since this is your first rental, it's just nice to have these extras built in. 1% lower mortage, most problems fixed and tenants you can "better" understand.

Good summary. Pretty much what I did many years ago. I always used professional management even if I was local. When I was local I did all the repairs myself but never let the tenants know I was the owner. Nice to be able to inspect without anyone knowing they are being checked out. The management company I use has their own staff for repairs and mows the lawns with their own people. They keep an eye on things and report back anything going on. Amazing what a little early warning of problems can do. Its critical to have a management company that is proactive and hands on.
  bob2356   ignore (1)   2018 May 26, 4:21am   ↑ like (0)   ↓ dislike (0)   quote        

WarrenTheApe says
I posted one too many a conservative Tweet on Twitter, it seems.

Today, they locked it. Claimed I was a 'bot' account.

More likely caused by retweeting so many things that came from russian "conservative" bot accounts.
  bob2356   ignore (1)   2018 May 26, 4:32am   ↑ like (0)   ↓ dislike (0)   quote        

A very good plan here for the non stop whining about housing costs bay area denizens.

1. Get rid of all the nimby rules and zoning crap. No reason not to have grade schools in industrial parks. Without all the wasteful playground land.
2. Knock down all those crappy old victorians and butt ugly 50's ranches. Get rid of all that useless park land. Fill in that even more useless bay.
3 Build high rise apartments on every inch of dry or even not so dry land. Not the wimpy 10 or 20 story jobs. The big boys.
4 Enjoy low cost of housing and stop whining.
  bob2356   ignore (1)   2018 May 26, 5:31am   ↑ like (0)   ↓ dislike (0)   quote        

Strategist says
If anything, it tells me America is the best place to live in, simply because you can choose the lifestyle you want as long as you are able and willing to move.
The New Zealand lifestyle seems to resemble Hawaii, only better.

You did not mention safety, health care, social programs, and taxes. Would like your input.

Down time waiting fo everyone to wake up so I'll post some more.

Choose the lifestyle you want? Very odd thought. You can move somewhere in America that doesn't have non stop strip malls, mcrestaurants, mcstores, mcfastfood, mcsuburbs. Some place that doesn't have no guns no knives on every door (to be fair NZ has signs that say no sheep shit). Where you don't go through metal detectors and bags searches for most public buildings, sports venues, public events. NZ doesn't even have airport security and they fly with the cockpit doors open. Where there isn't 24/7/365 political noise. Elections in a parliamentary countries last a couple weeks and you barely know they went on. Where you don't have the nuts on the left and the right all around all the time ready to pounce with their bullshit. Where the cops can't just grab your stuff because they don't like the way you look or they need to top up the budget.

I don't think so. I can think of a number of lifestyles around the world that can't be done in the US. If you like the consumerism and political noise then god bless, the US is the best place on earth for it by far. It's all pervasive.
  bob2356   ignore (1)   2018 May 26, 11:05am   ↑ like (0)   ↓ dislike (0)   quote        

Philistine says

So, when we moved from Brooklyn, NY to Los Angeles, CA in 2008, I got three bids to move our 1200 sqft apartment that was FULLY jam packed. The range was between $10-15k from all three bids and this was over 10 years ago, to move during a January, which was supposedly the slowest (and therefore cheapest) time of year to hire a mover for long distance. This was after we packed and boxed everything ourselves, so just physical moving and pick up/drop off.

I ended up going with an $11k bid, which I didn't care either way since my employer was footing the bill. Maybe things have changed in the moving industry since then? We could have spent another $1500 to ship our car, but chose to drive instead because of our dog and a few extremely breakable items that we didn't trust the movers with.

Full service movers are regulated as are their rates. Much cheaper to hire local packing loading/unloading and use a common carrier mover like old dominion or moving place. I've done it many times. International moving is much trickier.
  bob2356   ignore (1)   2018 May 26, 2:39pm   ↑ like (0)   ↓ dislike (0)   quote        

alpo says
if I rent out this house, all the expenses (mortgage + property tax + etc) will be paid by the renter + I will make 2000 on top that I can use to offset mortgage on my new townhouse.

Only the interest on the mortage is deductable as a business expense. Any principle part of the mortgage payment will be taxable income. The 2k income above expenses is taxable income. You need to allow for that. At 220k it's 33% so if 1500 is principle and 2k profit uncle sam is going to be taking 1200. That's a pretty big chunk out of your offset. You will have deprecation deduction, but you give that back when you do sell. Depreciation recapture at sale is taxed as ordinary income. So essentially you are simply borrowing interest free from from the IRS to be repaid on sale.
  bob2356   ignore (1)   2018 May 26, 8:47pm   ↑ like (0)   ↓ dislike (0)   quote        

mell says
Trump administration should do something about it.

They are. They are rolling back banking regulations so banks can make loans more easily. To people with excellent credit only of course. .
  bob2356   ignore (1)   2018 May 26, 9:03pm   ↑ like (0)   ↓ dislike (0)   quote        

mell says
If you're really willing to downsize quite a bit, you could sell and buy a place for 800K-1MM and use the rest to buy a very small rental all cash. You'd still get $1500-$2000 minimum on a studio/1 bedroom rental, be debt free and the rent would pay your property taxes on both places

He said selling is not an option so this is not relevant If it were then getting 2k gross on a 600k is really weak. That's less than 5%. I can think of a dozen markets where you can gross 2k on 300k. I'm grossing well over 2k on 200k right now. Why does anyone own a rental in the bay area?
  bob2356   ignore (1)   2018 May 26, 9:23pm   ↑ like (0)   ↓ dislike (0)   quote        

mell says
The UK is long gone (RIP). God bless the US - go Trump and MAGA!

Utterly fucking riidiclous. There was a gag order to the press by the trial judge. He violated it deliberately This is just self promotion bullshit.
  bob2356   ignore (1)   2018 May 26, 9:29pm   ↑ like (1)   ↓ dislike (0)   quote        

Quigley says

Remember that totalitarianism always starts with undercutting and demonizing the press. Think about that whilel crying fake news.
  bob2356   ignore (1)   2018 May 26, 9:32pm   ↑ like (0)   ↓ dislike (1)   quote        

mell says
that's what they should have done 2008. Instead W and Obummer together

Sorry dude, obummer took office jan 2009. Bank bailouts were all on bush.
  bob2356   ignore (1)   2018 May 26, 9:40pm   ↑ like (0)   ↓ dislike (0)   quote        

mell says
He could have stopped them instead he undermined the rule of law with the GM bailouts and more.

Bummer owns the gm bailout, but the banks were a done deal when he came into office

When will trump be closing down government backed mortgages?
  bob2356   ignore (1)   2018 May 26, 9:46pm   ↑ like (0)   ↓ dislike (0)   quote        

mell says
A "gag order" to prevent reporting on a child (grooming) raping gang. He reported from outside the courthouse which is covered by the 1st amendment here.

The first amendment never applied to the british and they have a considerably older government than the usa. The judge issued a legitimate order and he deliberately defied it. Tough kitty.
  bob2356   ignore (1)   2018 May 26, 9:53pm   ↑ like (1)   ↓ dislike (0)   quote        

Quigley says
Demonizing the press would be what your corporate news puppets do when they talk about the few outlets you don’t control, the small guys, the independent outfits and bloggers.

Yes those poor little few small guy independent news outfits. Like the murdoch and sinclair news organizations that never ever use the words fake news or present alternative facts. ROFLOL. Good one.
  bob2356   ignore (1)   2018 May 26, 10:08pm   ↑ like (0)   ↓ dislike (0)   quote        

mell says
I'm not sure he will and I won't like it if he doesn't act.

Be careful what you wish for, you may get it. You could kiss fixed rate and 30 year mortgages good bye, along with less than 20-25% down and getting a mortgage with less than sterling credit I've gotten mortgages in other countries,it's a tough slog even with outstanding credit and financial position.

Upside would be a big decrease in housing prices Downside would be most would be owned by investors and rented out.
  bob2356   ignore (1)   2018 May 26, 10:13pm   ↑ like (0)   ↓ dislike (0)   quote        

mell says
Rentals are not that great in the bay area, esp. since the affordability threshold has been hit and rents stalled/dropped while house prices kept rising.

Why are there any rentals in the bay area and why would anyone own one? There has to be some reason but I can't figure it out.
  bob2356   ignore (1)   2018 May 27, 4:14am   ↑ like (0)   ↓ dislike (0)   quote        

mell says
It's ok if you put as many small rooms into the property as possible and rent them out. People are used to live in small rooms and if you can charge 1K-2K per room depending on the area. It doesn't work well for real family homes that have not been converted into mass-cages, but it works for units specifically built for renting. That's why the living space per person gets smaller and smaller here. Plus many landlords slum it by not repairing and not paying for inspections for many years.

Sounds like heaven on earth. This is all worth while how exactly?
  bob2356   ignore (1)   2018 May 27, 4:22am   ↑ like (0)   ↓ dislike (0)   quote        

mell says
go Trump and MAGA!

That would be the trump that was doing such an excellent job protecting the free speech rights of NFL players? That trump? We talking about the same guy here? Oh right, it's different when there is free speech trump doesn't like. You were speaking of fascism I believe.

Ever hear about glass houses and throwing stones?
  bob2356   ignore (1)   2018 May 27, 9:35am   ↑ like (1)   ↓ dislike (0)   quote        

Tenpoundbass says
Are you talking about "Bow down to your new Ruler" Jeff "I fix the News" Bezos?

Or Jeff Bozo as Trump likes to call him.

That would be 1 just make random shit up while ignoring the question.

Sniper says
Now, you're taking "opinion" pieces as news?? Really??

How far we've come.......

But the Libbies just love their FAKE news from the NYT.

Make that 2.

Right on track.
  bob2356   ignore (1)   2018 May 27, 10:20am   ↑ like (0)   ↓ dislike (0)   quote        

alpo says
But yeah, I need to think if the second place I buy should be in bay area or somewhere else. Buying the second place in bay area would provide more personal flexibility since I live here, but it wouldn't be bad to buy in some of the other places as well.

If you aren't moving money out of a high appreciation area to a low appreciation area then the whole thing is a giant re arranging deck chairs exercise. Selling one appreciated house to buy another one that appreciated just as much is a zero sum game. There's always some place undervalued with a great rate of return. Park the money, collect the returns, and wait for somewhere to crash big time then go pick up the pieces. It always happens sooner or later.

Houses are just big wooden boxes. Nothing more.
  bob2356   ignore (1)   2018 May 27, 10:38am   ↑ like (0)   ↓ dislike (0)   quote        

lostand confused says
Nah it is clear you don't understand the 1st amendment. In the elftoid universe, leftoids can say anything they want, but if someone questions them and says something back-oh my god demonizing, 1st amendment. Stupid leftoids can't grapple that 1st amendment menas both sides get to speak their minds and not one side gets to say what they want and the other just shuts up and takes it.

The first amendment that says
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.

That first amendment? The one that says congress shall make no laws? That the one we are talking about not understanding? The one that says nothing about butt hurt demonizing. The first amendment that would mean MAKING NO LAW to punish teams for allowing players to kneel as trump has called for. That first amendment I don't understand?

What did you think the first amendment said out of curiosity?
  bob2356   ignore (1)   2018 May 27, 10:45am   ↑ like (0)   ↓ dislike (0)   quote        

CBOEtrader says
. Totalitarianism starts w controlling the pillars of propaganda: press, education, and workplace HR decisions

No it doesn't. It starts with delegitimizing the press to the point where it can be replaced with state sponsored propaganda. Like trump and Hannity conferring on taking points every day.

The Housing Trap
You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
115 pages, $12.50

Kindle version available

about   best comments   contact   one year ago   suggestions