CRE Broker: "Insult me with an offer"
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CalculatedRisk on Sat, 07/18/2009 - 6:16pm (290 comments)
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What would they have said two years ago?
"Insult me with an offer."
Words to run away from.
If the broker is female, I prefer to insult her by throwing a drink in her face and telling her "I'm not that kind of guy, can't you see the wedding ring"?
For those of you not involved in CRE in LA, it seems to be a common destination of hotties who really want to be actresses.
more whining from Adam Rogers... Gotta Move, Gotta Sell - NY Times
.....
I started getting worried in January. I’ve maxed out all my credit cards. Right now we’re stuck at Hertz for two hours trying to rent a car because none of the credit cards work — the wire transfer I made before we left apparently has a delay of several days.”
He says he feels the financial stress affecting him, but struggles to hide it.
“I take a lot of long walks through the mountains and try to stay optimistic.”" [CR is that you?]
....
guess they didn't save much of the extra income from the Hell's Kitchen sale...
Sure, "Hey, LIVE IN IT".
C
Prior thread comments on Las Vegas had me visiting Zillow to check on my sibling's house value. Absolutely brutal.
The Zestimates are too high, of course. Recent sales are at or below original mid-'90s builder prices, and new FCs showing up (per Foreclosure.com) are being listed at least 10% below that.
You know, sometimes there really are strip clubs at strip malls. However, I've never found an entire mall composed of strip clubs.
So they practice their "acting" skills on naive marks?
I knew I left LA for a reason, thanks for the reminder.
Duke- who the hell is your quote guy?
C
TJ, even in Dallas the Zestimates are too high. If you look at expired listings or recent transactions, it's typical for them to be 30%+ higher than the transaction price or the most recent list price.
And this is a fairly stable market.
some investor guy,
However, I've never found an entire mall composed of strip clubs. "////
guess you've never been to Nana Plaza in Bangkok
We all need this lady's lawyer... KansasCity.com | 404
'... a Kansas City attorney working for free on her behalf has received confirmation that mortgage holders on Richardson’s house had agreed to take just $15,000 from him for her home. She owed more than $107,000.'
“There’s a higher cost of living over there, and the house was a bigger space, so I bought new furniture,” Mr. Rogers said. “Because I was very optimistic the apartment would sell, I probably wasn’t as frugal as I could have been.”
two income household paying just $250/month in housing fees and abated property taxes.
Yes Broward, you probably have heard this a number of times in LA:
"I'm a waitress/bartender/realtor/leasing agent/teacher, but I really want to be an actress/writer/director."
I was once at a club on sunset (outdoors, has a pool), where I heard one of the best pickup lines ever. It was a guy talking to a hottie who had awkwardly confessed to being a stripper to pay the bills. "I direct, and sometimes finance movies. Deep down though, I've always wanted to be a male stripper"
Normally I'm annoyed when I hear other guys pickup lines. This time I wanted to applaud, but was worried about affecting his zen/karma.
some investor guy,
They don't say they "really want to be", they say they are, it's just that they need to do something else to pay the bills.
I'm an unemployed male stripper. Tough to get a bunch of grannys together in these lean economic times.
I am way behind today. 3 friggin hours of harry potter.
My residential anecdote:
After 4 months of delay, we've decided to put new carpet upstairs. That will be good for 3,000 or 4,000 for some worthy contractor.
Not much, but something.
some investor guy
that club you mentioned might be the Mondrian...
it's owner, name escapes me but was once co-owner of Studio 54 now owns
a string of boutique hotels (his first in NYC was the Paramount)...
I wonder how his financing is holding up... 4 or 5 years ago he was having problems
We may have gone to the same club. I hung out at the Sasch in Studio City, the Red Onion in Woodland Hills, the Palace in Hollywood, etc.
I knew a crash would come but I didn't realize the country would transform into a seedy trash dump of ignorant yet clever monkey people desperately clinging and flinging their trophy bits of elephant dung.
Coinz - kids, no?
C
TJ, duly noted. It's a common version to say "I'm an actress but I'm really working at a hedge fund just to pay the bills, buy some f**ing studio from the guy who dumped me, and produce whatever I want to, which of course stars me"
"...4 or 5 years ago he was having problems"
Not the least of which was that he was never a part of Studio 54.
Tj & Bear
writes: They don't say they "really want to be", they say they are, it's just that they need to do something else to pay the bills....
"
see Kiss Kiss Bang Bang for such a scene and for old school types watch the early party scene in Serpico set in NYC!
My GF made me strip on the fourth. There's just something alien about a chick getting t
urned on by my body. Back to my game, CR can be too depressing at times.
Volker, you are in denial about Disco Demolition Night?
Disco Demolition Night - Wikipedia, the free encyclopedia
once again, if Watson wins tomorrow he will be recorded as several things:
1) The oldest player to win a major tournament since 1867.
2) Sixth British Open title.
3) He'll have 9 major tournament victories, mpre than anyone except Tiger and Nicklaus, and Hagen.
Broward, I don't know whether to congratulate you or recommend a therapist. Was this by any chance a 25 year old coed (prior thread, which would seem to make her a slacker or a grad student)?
He's 59, turns sixty in September.
I saw the Watson footage at the gym, initially thought I was watching the seniors' tour (where is the enyay on my keyboard?). Guess not.
Who is Watson? A furriner asks.
Whatever, is it time to Galvanise?
YouTube - The Chemical Brothers- Galvanize
C
Someday, and that day may never come; you'll live to an age where you understand. Until then, enjoy the stupor.
@C,
Yes, 2 kids.
And if you get to that age, then you can give some Somedays instructions and to the generation who never thought they would have to hear those things...
Ooooopz.
YouTube - Chemical Brothers - All Rights Reversed Music Video
Hehehehheh. Love to volker and c. Hope you're on the mend.
C
I see more and more commercial RE signs in the SFV with "BROKER BONUS" in big red letters plastered across them.
Sellers / Landlords are getting desperate.
Speaking of Harry Potter, our local 15 complex had 12 theaters just for HP on opening night.
Tonight the fam went to see it - had a choice of 8:10 show or 8:11 show. Both were sold out. Went to closer, older theater instead. I opt out of those things.
It doesn't appear people are cutting out movies.
Mine too - a 5 and a 2. They are completely crazy.
Innaresting times!
Here's a toon, turn me inside out and upside down...
YouTube - Gomez - How We Operate
C
Counterpointer asks:
"Whatever, is it time to Galvanise? "
Nope, it's time to Monetize!
YouTube -
It's the same kind of story
That seems to come down from long ago...
Nine banks making money together
While safety flies out their window
It must be out on that spread
Which is wide, at least half of a playing field
Because there's no explaining what your imagination
Can make you see and feel
Seems like a scheme - (we) got it monetized...
Seems like a dream - (we) got it monetized...
Now its not a meaningless question
To ask... where the money's gone
I remember a talk about imports from China
...and a strange, strange black swan...
You see the tail was fat-assed
And the risk was all hidden, in CDOs
And if anyone's hand ever made demands
Then for sure it would've blown.
Seems like a scheme - (we) got it monetized...
Seems like a dream - (we) got it monetized...
They say there's a place down in Mexico
Where debt can fly over brokers and shills
And it don't need a payback or some kind of value
And it never will.
Now you know its a meaningless question
To ask if those stories are right
'cause what matters most is the feeling you get...
When you're monetized.
Seems like a scheme - (we) got it monetized...
Seems like a dream - (we) got it monetized...
Outsider (profile) wrote on Sat, 7/18/2009 - 9:58 pm
It doesn't appear people are cutting out movies.
Movie entertainment and other forms of alternate reality will be one of the last things to go...
Mine too - a 5 and a 2. They are completely crazy.
Cool. I have an 11 and a 4. Some things get easier, some get harder. Mostly easier. Still completely crazy.
I went to see Harry Potter too.
I have a 40 and a 28. They are crazy.
Mine is 35. 3 grandkids.
Haven't seen Harry Potter yet.
I think I will buy back into Gme--Gamestop.
Sold at 57. Store busy. Pet store also busy. Not much
else.
2 places in the food court vacant. Never saw that before
Harry busy, but not sold out.
I have a 40 and a 28.
You are the keeper of great wisdom and patience then.
They don't thing so.
Well, the 40 year old doesn't think so.
The 28 year old asks my advice and sometimes
even takes it. I didn't give any advice before he
married THE BITCH, as she turned out to be. Next
time I sure will.
I had to go to HomeDepot this am. The ants in the yard are driving me insane.
There were a few people, mostly buying fans as it is about 113 here.
This is the deadest I have seen the place on a Sat morning.
Fire ants?
@josap,
The whole idea of grandkids is beyond my comprehension right now. Congratulations, and well done.
Little tiny ants that bite. They seem to have invaded this year. We haven't had any rain, that may be the reason.
i think harry potter will beat estimates...
but, with the exception of transformers, the hangover, and up, the summer turned out to a disappointment. lots of duds indicative of the waning "star" power...
I have a 40 and a 28. They are crazy.
Ha!
No grands yet, Liz? My mother (86) is depressed she has no great-grandchildren. She has 8 grandchildren, 5 of marrying age, and nothing. The eldest are somewhere around 30, one was married briefly. Can't blame overpopulation on this gene pool.
During stressfull times people find movies a good escape. Sort of a destresser.
The last time we went it cost us almost $40.00 for the two of us. Half of it was the pop corn, drinks and 1 box of candy.
Inappropriate comment. Removed by CR.
@Lucifer,
Don't you want to spread your demon seed around to terrorize the next generation?
josap (profile) wrote on Sat, 7/18/2009 - 10:16 pm
During stressfull times people find movies a good escape. Sort of a destresser.
The last time we went it cost us almost $40.00 for the two of us. Half of it was the pop corn, drinks and 1 box of candy.
Less than the price of just a single ticket to a pro sports events or a concert... food and drink for 2 plus two hours of a powerful distraction
No grands. The son was briefly married and she dumped him.
My mom wants great grands.
Per previous thread. Home improvement. We will prolly spend quite a
lot of money on it this year. Drapes ordered. Need some new carpets.
Well, want some new carpets, anyway. Pool needs refinishing.
Need a handicapped person tub, new sinks and cabinets in the bathrooms.
Not through marriage.. that is for sure.
//Don't you want to spread your demon seed around to terrorize the next generation?//
Why would any sane guy want to marry and have kids..
L - That's right. Maybe someday you will be so lucky. I hope so.
An xbox360 games costs about the same.. way more fun!
//The last time we went it cost us almost $40.00 for the two of us.//
Well, that about settles it.
C
Years ago a firm I worked for represented a movie chain.
They made no money on the movie ticket. All profits on the "food"
sold. I feel yucky from too much popcorn.
I am not into masochism..
//That's right. Maybe someday you will be so lucky. I hope so.//
We will all think of it as evolution in action.
L. - Love is not masochism. I think deep down you know this.
We like sports, go a few times a year. Don't want an Xbox.
Mostly we take vacations, we both enjoy seeing new places, learning new customs and really enjoying new foods.
nytol, time for wifey.
I would love to insult you but decorum prohibits.
Ooooh, is Coinz going for #3???
"Why would any sane guy want to marry and have kids.. alimony? child support? bitchy wife?"
Because my wife is actually quite nice. Married 5 years. Probably have kids soon. Both of use have older siblings with no kids.
and you have the childless 40 year old daughter..
//We will all think of it as evolution in action.//
Ooooh, is Coinz going for #3???
Ha, not on purpose. Now I am really gone.
Liz - LOL! You are on a roll tonight.
Well, I wanted her to have kidz.
How is that working out?
//Well, I wanted her to have kidz.//
Nobody ever thought that I was like all other women.
Many didn't & don't like me, none thought I was dull or the
same.
For Lucifer and Broward
Ween- baby bitch.
YouTube - Ween - Baby Bitch
From the lolz and rolz, maybe some fun:
YouTube - Gomez : See The World
C
What do you mean Luci?
She does what she wants.
She's an architect and fears for her job.
Lucifer, my wife really is different. 8% bodyfat, even after marriage. Doesn't overspend, saves a lot of money.
She's out of town now, miss her.
I see a contradiction..
"She does what she wants" and "She's an architect and fears for her job." cannot be both true..
Lucifer (profile) wrote on Sat, 7/18/2009 - 10:17 pm
Why would any sane guy want to marry and have kids.. alimony? child support? bitchy wife?
Lucifer based on what you want I think you're making the best choice available.
I said the same at 24-25... now after seeing the bad side up close and personal with family and friends, believe it or not, I'd try it with the right person... and the "right person" has been redefined as someone who'd put up with my flaws to get the benefits of the better attributes, in exchange for similar treatment from me
Luci doth protest too much.
Well she does what she likes when she can, and she
likes being an architect. So far she still has a job. Life does
get in the way of some things.
White shoes was in Miami Beach. Seaquarium dome.
"She's an architect and fears for her job."
Liz, my wife's firm has dropped to less than half its 2007 size. Still shrinking.
Liz - exactly.
Maybe I'm being a bit old-fashioned but what's this ...
Whatevs.
C
Liquidity Black Holes State Street 2003
"The presence of liquidity problems in the largest of markets suggests that liquidity is not about size, but diversity"
http://www.zerohedge.com/sites/default/files/STT%20Diversity%20Liquidity%20Black%20Holes%20(2).pdf
Lucifer, the 15% isn't a requirement, it's a typical number. With a good diet, lower numbers work. Often, women with low bodyfat have other problems causing them to be that thin, like bulemia, or medical problems. My girl is quite healthy and active.
Luci is just being jealous.
Liz, I used to have people telling me I couldn't get all of the things I wanted in a woman. That group of "advisors" was mostly female. It pains me to say this, but my dating life improved vastly when I stopped listening to them. I also didn't listen much to the guys advice, since it was primarily about getting laid without much attention to quality, or future lawsuits or stalking behavior.
Homeless stand in for lobbyists on Capitol Hill - CNN.com
"Homeless Stand in for Lobbyists on Capitol Hill"
Once he roamed the streets, moving from shelter to shelter. Now, Oliver Gomes rubs shoulders with Washington's elite.
Squatting next to a white wall outside a Senate hearing room recently with a cell phone glued to his ear, Gomes is being paid to hold a place in line for a lobbyist at a hearing on the climate-change bill."
Yikes. I think I'd rather be homeless.
liz,
The real issue is that women in the west think they are entitled to the "best" of everything on their own terms. Have it your way...
"Holy money swans".
The googs will take you there.
C
Lucifer, would you feel better if I told you she wasn't born in the US?
BTW, I had a very good girlfriend in high school who didn't feel entitled. We went our separate ways at college, but it reminded me that I had personal experience with women who were neither self-centered nor insane.
investor - don't waste your breath. This conversation continues on a regular basis. There's some kind of wall there.
I would like the best of everything, best being by my definition, but
I don't think I'm entitled to anything.
The most obnoxious women I ever came in contact with were some
variety of Orientals who were having lunch at Legal Seafood in Boston,
and it was clear they thought that their husbands were their slaves,
and it was their duty to buy them anything they wanted. Never heard anything
quite like it, either before or since.
coming from a large family, five other siblings, I really don't
have any wisdom on this stuff... outside of having children can't
see the point of marriage... I'm in the broward camp here...
Relationships are about partnerships, not ownerships.
I see we "cows" had better stop giving out the free milk.
Actually, my mother never said that.
On women:
Curve: The loveliest distance between two points. ~Mae West
lol.. defines my sense of aesthetics
Well, we're way off-topic here, but I can't resist:
I too don't see the point of marriage. Long ago, the obligations a man took on in marriage were lighter than they are now (for good or for ill), and the benefits greater. In the current environment, it seems very one-sided. Marriage is really an agreement by one party (in practice, usually the man) to pay the other party if they split for any reason.
Is that a gun in your pocket, or. . . .
John P. Hussman is a bit worried (too)
July 13, 2009
High Loan-to-Value + Trigger Event (Unemployment) = Default
As of the first quarter, over 22% of U.S. homes, condominiums and other residential properties have negative equity, meaning that the outstanding mortgage loan exceeds the value of the home. It is likely that this ratio deteriorated further in the second quarter. Meanwhile, the latest data from the American Bankers Association notes that delinquencies on home equity loans hit record highs in the first quarter. Likewise, the latest FDIC quarterly banking profile notes that the credit card loss rate is at an all-time high.
lawyerliz,
"variety of Orientals who were having lunch at Legal Seafood in Boston,
and it was clear they thought that their husbands were their slaves,
and it was their duty to buy them anything they wanted. Never heard anything
quite like it, either before or since. "
....
sounds like a Sino-culture to me, say Vietnam and China... they believe
that every dime the man makes is theirs, it's compensation for having to
put up with boozing, cheating and gambling men.
(pistol) Is that a pistol in your pocket, or. . . .
lol..yes, it isn't.
Doc - do you have a link for that article?
Duke - it's all in the language. Day by day.
C
Green shoot?
After people stop paying mortgages and ccs they will have money
and will pay cash for stuff.
If they still have jobs. I have an impression that there are a fair number
of people paying 1st mtges and not seconds.
All these cc people sending out the endless temptations shot themselves
in the foot didn't they?
Link to a transcript of CDC H1N1 conference call on Friday, July 17, 2009
CDC Press Briefing Transcripts July 17, 2009
Duke, I only knew two Asian women that really enjoyed sex, the others all did it for the money. (Excluding the cash deals of course.)
I have noticed an upsurge of cc solicitations lately. Wonder what that means.
My daughter and I were eavesdropping--not that they made any effort to
hide the conversation and afterwards she said that this attitude is very
common.
This is a good page to ponder;
Saturday, July 18, 2009
Some Inconvenient Truths -- Invictus
The Bonddad Blog
Our 25 year experiment with debt and leverage is over. Done. Finished. Not coming back any time soon. As you read what follows, read it in the context of the fact that the US consumer has, for the past 8 years, represented approximately 70% of our nation's GDP (roughly $10 out of $14 trillion).
“Most pundits who crow about green shoots and about an inventory restocking in the third quarter giving way towards some sustainable economic expansion live in the old paradigm. They don’t realize, for whatever reason, that the deflationary aftershocks that follow a post-bubble credit collapse typically last for 5 to 10 years. Businesses understand better than the typical Wall Street or Bay Street economist and strategist that everything from order books, to output, to staffing have to now be restructured to adequately reflect a permanently lower level of leverage in the economy.”
volker the viking writes: Someday, and that day may never come; you'll live to an age where you understand. Until then, enjoy the stupor.
Pure wisdom.
re: lucifer, relationships etc... it's not fully off topic. the real market got so screwed up that "long-term investing" and the idea of value became a joke to most people because it couldn't beat the returns from trend following short term trading and was weakened by systems set up to exploit value-based approaches. Have we reached a similar situation in this area of culture as well?
About H1N1, one encouraging thing is that I haven't heard of infections occuring at summer camps, like they were cautioning. Summer camps took a lot of precautions this year, and were on the lookout.
Outsider,
Sorry, here is link:
High Loan-to-Value + Trigger Event (Unemployment) = Default
Hussman Funds - Weekly Market Comment: High Loan-to-Value + Trigger Event (Unemployment) = Default
Outsider (profile) wrote
About H1N1, one encouraging thing is that I haven't heard of infections occuring at summer camps, like they were cautioning. Summer camps took a lot of precautions this year, and were on the lookout.
This very thing just happened here in Canada. Out breaks in summer camps. 25 kids infected in one.
Men and women are somewhat like 2 closely related species.
Because we are so closely related, we fight over territory, and apparently
everything else.
Men are quite predictable to women for the most part. Men profess
not to be able to predict women at all.
Tick tock ...
YouTube - R.E.M. Drive
nytol, for whoever's here tomrw
C
KR,
there was a famous study that came out in the 80s about Chinese women attitudes towards sex,
seems that once that have their children they basically shut down the sex machine in their 40s since
they don't derive pleasure from it and only see it as beneficial to men...
....
this is a cultural problem as I see it over here, women aren't raised to be in touch with their bodies
Totally off-topic, but I'm trying a new mop sauce for 5 lbs. of country style porky pig ribs tomorrow - 12 hours on the smoker.
Thoughts? I tried this, with a stick of butter, for grilling chicken 1/4s and it was, I think, great. Nice crust, internal flavor, etc. just higher heat and faster cooking which wouldn't work with the smoking.
Thanks!
1 cup kosher dill pickle juice
1/2 cup honey
1/4 cup balsamic vinegar
1/4 cup worcestershire sauce
5 oz tomato hot sauce
1 large yellow onion, fine dice
4 or 5 cloves fresh garlic, pressed
Saute onion in small bit of butter/olive oil, add garlic and simmer til golden. Add the rest, simmer and stir for about 45 minutes.
Reserve enough to baste the ribs while cooking and the rest for sauce for the final product for those inclined to adding more of it.
Duke, that makes perfect sense. (i.e. explains what I noticed). I was pretty sure it wasn't me.
Thank you KR for that info. I googled, and here is what I found:
CTV Toronto - H1N1 flu outbreak reported at Ontario summer camps - CTV News, Shows and Sports -- Canadian Television
"The Simcoe Muskoka District Health Unit is reporting that 227 young people at three summer camps in cottage country have developed H1N1 flu."
However, it did go on to state that all the cases were considered mild.
I have trouble believing this flu strain is really going to amount to anything more serious than usual. We'll see.
"Men are quite predictable to women for the most part. Men profess
not to be able to predict women at all."
Profess? We really don't have a clue. It's like being in the ring with a an opponent, and you're the only one with a blindfold. I understand Lucifer wanting to control the circumstances so tightly.
Nitey-nite.
lawyerliz (profile) wrote on Sat, 7/18/2009 - 11:02 pm
Men and women are somewhat like 2 closely related species.
Because we are so closely related, we fight over territory, and apparently
everything else.
Men are quite predictable to women for the most part. Men profess
not to be able to predict women at all.
A lot of it comes down to motivation. If we could somehow get past the whole genetically-induced misery of human ownership life would get a lot cooler and people would be a lot less damaged by their experiences. We haven't had slaves since the Emancipation Proclamation
Ok. And patient renter, I thought you were a girl.
Hahahahahahahahahahah.
Actually, the slave trade is, unfortunately, alive and well all over the globe as we speak, including here.
Inappropriate comment removed by CR
L, what is your take on the H1N1?
You think that's me?
Outsider (profile) wrote on Sat, 7/18/2009 - 11:10 pm
Actually, the slave trade is, unfortunately, alive and well all over the globe as we speak, including here.
Yes. Slavery is an equal opportunity employer and makes terrific job offers.
Lucifer, I suspect that you had a bad experience. Am I right? Bad experiences make people cautious, and in need of control.
i think that's larry summers and Alan Greenspan, among others...
Question is: Who is hurting from this lack of cash flow?
Who is holding CRE mortgage/asset backed securities?
I mean besides CALPERS
"I suspect that you had a bad experience."
Welcome to the club?
Haven't a clue.
The question isn't if, it's when. There are more people on the globe than
it can support. Therefore, something will happen. One of the 4 horsemen
will ride. It could be next week, next year or next decade.
So Chinese women don't like sex, but they get to have 2 or 3 husbands in
a decade or 2. It isn't fair.
What about the lesbians?
"i think that's larry summers and Alan Greenspan, among others..."
+1, Basel Too
Now, once more, g'nite.
Smoking ribs...hmmm...yummy. Salmon i can tip you on. (its about the salt and the marinade duration). I did another beer can chicken the other day on the barbi, its terrific. Use a tall can, jam it open (2/3 full) up the bird's behind, and roast a 3 pounder for 55 min at 400 F, covered. Spray down the grease flames as they flair. Rub it first with Montreal Barbeque Chicken sauce (store bought). Its unbelievably good. Serve with European salad lettice, and bleu cheese dressing. (easy on that)
In regard to CRE, I really like that Dude's page:
The Bonddad Blog
It took the self storage industry more than 25 years to build its first billion square feet of space; it added the second billion square feet in just 8 years (1998-2005)
During the peak development years (2004-2005) 8,694 new self storage facilities (approximately 480 million square feet of space) were added
"Think of an amoral, insecure, greedy, manipulative person who wants peer acceptance."
That's how they act if you are in LA, and aren't the kind of guy they are looking for. In other parts of the country, you can find a religious, insecure, thrifty, manipulative person who wants peer acceptance.
sig, are you suggesting "religious" is the opposite of "amoral"?
Outsider,
The flu touts are looking for fame, importance and money.
In defense of Lucifer, what you are thinking of as a "bad experience" is a typical experience with women in many parts of the US, especially ones with high home prices.
yikes. bonddad has analysis from Jerry Bowyer (of "The Bush Boom: How a Misunderestimated President Fixed a Broken Economy" infamy). would have thought he crawled in a hole somewhere along with don luskin.
i find that many of today's premature inflationistas focus too much on the money supply and rarely understand bank capitalization.
PatientRenter,
Religious people may or may not act especially moral or honest, but they generally have a sense of whether what they are doing is right. This comes from an agnostic.
advice to L re: WOMEN
there is only one word you need to know:
NEXT
"In defense of Lucifer..."
I was not disagreeing with Lucifer. My own attitude is not much different. But it's unusual, so I was curious how he got there.
I've been renting for the last 15 years, its so much easier. The only thing you miss is intimacy. Everything has its cost.
sig, I like the idea of your home price index indicator for datability. chuckled a few times thanks to that.
Basel,
I have become convinced it is very hard to have inflation far above historic norms while there is deleveraging and excess capacity.
goldbug-tards/other inflationtards are going to be in for a big surprise.
"...renting for the last 15 years, its so much easier. The only thing you miss is intimacy. Everything has its cost."
+1. I'm at 18 years.
Feudal,
The harder it is to afford a home, the less likely it is that a particular man will be able to support a wife and family. That means that a woman who wants a family will be stuck with working shortly after having children in a place with high home prices. That leads to rejecting a number of guys who are otherwise fine, but don't make enough money, and dealing with jerks who have money, but are jerks. Being a jerk in the top 2% of earnings is much different where homes are hard to afford than where most people can afford them.
The real issue is that women in the west think they are entitled to the "best" of everything on their own terms. Have it your way...
You notice the ironic twist in your post, I hope.
Outsider,
The flu touts are looking for fame, importance and money.
L, on this I agree with you. Really agree. And don't forget the pharms.
Dang another sexist thread and I'm stuck with iPhone. Ditzy blonde waitress says tips off at least 30%.
ahh here's the kooky Dharma & Greg lookalike, always too touchy-feely.
Beck and the randos drive me crazy. TEN years have passed and they've learned NOTHING. Still ranting about freedom and howwe need more productivity. Two billion people have instant almost costless access to all music ever created, all movies, all knowledge, millions of conversations, I can videoconference china for pennies, millions of houses sit empty, thousands of cars unsold, hundreds of cargo sbhips sit empty or full of unsold stuff and still these morons rant on about how desperately we need more stuff.
It's a sickness.
broward, excellent report from the front.
some investor guy (profile) wrote on Sat, 7/18/2009 - 11:32 pm
Feudal,
The harder it is to afford a home, the less likely it is that a particular man will be able to support a wife and family. That means that a woman who wants a family will be stuck with working shortly after having children in a place with high home prices. That leads to rejecting a number of guys who are otherwise fine, but don't make enough money, and dealing with jerks who have money, but are jerks. Being a jerk in the top 2% of earnings is much different where homes are hard to afford than where most people can afford them.
Thanks for the extended analysis. Rather sad that economically it has gotten to this point in those areas, so as to force a marriage of convenience out of necessity but I can see and appreciate the logic here. Maybe home price declines SHOULD be seen as a moral judgment
I believe in free choice.. If people want to screw themselves, they should..
///You notice the ironic twist in your post, I hope.//
Not to jump into a debate regarding marriage, et al, but I do think this is among the reasons there's nothing inherently good about high housing prices.
In December, Roubini will be talking about a May recovery. Tarp II will be on the table.
broward (homepage, profile) wrote on Sat, 7/18/2009 - 11:36 pm
Beck and the randos drive me crazy. TEN years have passed and they've learned NOTHING. Still ranting about freedom and howwe need more productivity. Two billion people have instant almost costless access to all music ever created, all movies, all knowledge, millions of conversations, I can videoconference china for pennies, millions of houses sit empty, thousands of cars unsold, hundreds of cargo sbhips sit empty or full of unsold stuff and still these morons rant on about how desperately we need more stuff.
It's a sickness.
broward, hasn't it always been? We just pushed it to the point now through wage arbitrage, economies of scale, and efficient organization and production methods that it's reached the Theatre of the Absurd where it becomes patently obvious to a minor bit of critical thought
marriage in my location is a sucker's bet for the man, even without children.
with them, forget it. you're ruined financially.
Excuse me - this must be the Calculated Misogyny blog. Can someone please tell me where Calculated Risk economics blog moved to?
I believe in free choice.. If people want to screw themselves, they should..
It sounds like you missed the irony: A man who passes on women past their 20s cuz, you know, they get saggy and stuff, posts laments about how other people think they are entitled to the "best" of everything on their own terms.
And L - is there a flu vaccine that does not contain thimerosal? How much of this whole thing is being pushed by the pharm companies?
Jealousy is a rare emotion for me but the doc finally triggered it.
She fired a full-auto HK mp5 last week.
None of these women attract me.
Too desperate, price tag too high and too visible
off to the gay club, at least the lesbians put on a good show
IMHO you guys simply haven't met the right woman. I did over 23 years ago, so I'm speaking from experience.
"...even without children.
with them, forget it. you're ruined financially. "
what do you live for man?
All, I apologize for some of the comments. Action will be taken ...
Sorry, CR
Outsider (profile) wrote on Sat, 7/18/2009 - 11:47 pm
Excuse me - this must be the Calculated Misogyny blog. Can someone please tell me where Calculated Risk economics blog moved to?
Nah, it will soon become an extension on efficient breach and ruthless defaults
You have a great blog regardless, CR. Thank you.
"And L - is there a flu vaccine that does not contain thimerosal? "
we certainly have it in cali.
The real problem with flu vaccines is that the virus strain will evolve..
//"And L - is there a flu vaccine that does not contain thimerosal? "//
Apologies to all, including CR. I know the facts, but not from personal experience. And they are facts in my current location. A quite prominent wife of another even more prominent blogger in these parts has discussed it in clinical detail.
Respect, Lothar.
I don't understand the need by some people to politically correct . Social behaviour underpins economy. We must start there and encourage any awarness possible. How Chinese women regard their men is a fundamental principle to an economy. For one, women drive retail sales by 80%. That's what holds the roof up over shopping centers.
Lothar the Rottweiler (profile) wrote on Sat, 7/18/2009 - 11:56 pm
Apologies to all, including CR. I know the facts, but not from personal experience. And they are facts in my current location. A quite prominent wife of another even more prominent blogger in these parts has discussed it in clinical detail.
Respect, Lothar.
If true, that sucks. You never get away from economic concerns, but economic necessity making a way of life infeasible? During GD1, I'm sure, there were some ugly realities made necessary by the conditions, but in 2009? It's strange what kind of society we're becoming.
People's minds build the best prisons for imprisoning themselves..
//I don't understand the need by some people to politically correct //
People's minds build the best prisons for imprisoning themselves..
More irony Lucifer.
Ever seen the "susan researched it" ad?
//How Chinese women regard their men is a fundamental principle to an economy. //
Nice tautology, Luci. And in bold, no less.
Lucifer wrote: Ever seen the "susan researched it" ad?
No, have not. Don't watch much TV. Is it funny?
Suzanne Researched This Commercial
YouTube - Suzanne Researched This Commercial
Thank god... not a realtor.. but is the NAR lying?
Woman accused in Panhandle murders not a Realtor, association says
Woman accused in Panhandle murders not a Realtor, association says | Citrus Daily - Citrus County News
Submitted by Robby Douglas on Sat, 07/18/2009 - 1:48pm.
The National Association of Realtors says the woman arrested in connection with the murders of a Beulah, Fla., couple last week is not a Realtor. The association released the statement below in which it said Pamela Long Wiggins, charged in connection with the murders of Byrd and Melanie Billings near Pensacola, is not a Realtor. "The National Association of Realtors can confirm that she is not a Realtor, which is a protected trademark of the National Association of Realtors®, and is not synonymous with 'real estate agent,'" the NAR said.
Lucifer, the commercial is team work in action. Nothing has changed since your apple was first bitten into.
Wow, glad I missed this thread.
Guys, your gender set this system up. If you don't like it, change it.
It only takes one bull to service a herd, the ones who don't cut it should be made into steers.
How many millennia have women been prevented from education, control over their own wages, right to enter into contracts, etc? It was the 1970's before women could get credit without a husband signing on. And women still don't have control over their reproductive ability.
......
....we looked at an interesting Mad Max kind of "compound" today, it used to be owned by the Israelis and they sold it to another party who leased it out to a group that got busted growing MAJOR quantities of pot.: 80-acres with 12-mobile homes, 3-pole barns (2-3200 sq ft and 4800 sq ft) big commercial well, 2-septics, out in the middle of nowhere - no electric - used to use generator power. Kewl place in the desert.
wish carefully.. it might come true and you may not like it.
//It only takes one bull to service a herd//
"All, I apologize for some of the comments. Action will be taken ..."
Wha? On the overnight thread? Kinda thought anything goes... Not that I have seen anything particularly offensive.
Kewl place in the desert.
.........................
Any kind of perimeter security?
Outsider, draw your own conclusions from a google news search on "h1n1 summer camp canceled"
h1n1 summer camp canceled - Google News
Flu news here - FluTrackers - Tracking Infectious Diseases since 2006
And here - NewsNow: Flu Pandemics
Yep.....high up on "The Fan".........the place is mostly fenced........I went nuts on the number of veggies I could grow under shade there. No neighbors to bug you either.
Garnet Rd. & Linda St., , Pahrump, NV (1/2 mi to the east of this location on Google Maps - look for the group of bldgs)
Given the similarity of HLAs in people like you, there is lot that could be done.. beyond what you can imagine.
I think you still mentally live in a world, where white is always right and on the winning side.. you might be surprised at how it will turn out if the other side plays hardball (which it will).
//the ones who don't cut it should be made into steers.//
Black Star...
Wouldn't you worry about water? I mean log term accessibility? I'd be scared to go anywhere where you couldn't get waht you need from the ambient environment.
What's an "HLA"?
"with the exception of transformers"
the ghost of don simpson - one of a tiny handful of true green shoots in the 2009 economy...
HLAs = Human Leukocyte Antigens
Our valley is located over a couple large aquifers. This place was set up originally with a GIANT agricultural well. 15,000 gal storage tank (50' high).
what is the zip code, bsr? sounds like a fun google earth hunting expedition.
Lucifer, look into the bottleneck theories regarding the Toba eruption - Toba catastrophe theory - Wikipedia, the free encyclopedia
I've been studying this and possible effects on our species for years. Fascinating how much can hinge on just some random shit. And how one bad gene line can royally screw us. Something isn't right with our species, and maybe being dropped back to a few thousand breeders set us up for our troubles today.
BSR, who else has rights to your water?
I'm jonesing to put a well back on my place, but concerned about spending the cash & having the water table drop out. My other option is rainwater catchment.
I found it by putting in:
Garnet Rd. & Linda St., , Pahrump, NV
and if you look 1/2 mile east till you see a bunch of what looks like buildings, THAT'S it.
It's on the side of "The Fan", a slope coming off the Spring Mountains.
What were the Israelis doing with it besides renting it? Just investment or some kind of bunkerage?
"...... have an impression that there are a fair number of people paying 1st mtges and not seconds......."
That may explain why HELOC division is suing Mortgage division with WFC
"What were the Israelis doing with it besides renting it? Just investment or some kind of bunkerage?"
Good question. When the pot dealers were busted, the Feds gave it back to the last owner - apparently a law firm in Canada? Real weird circumstances though attached to it. Stuff like this isn't built out in the middle of nowhere for nothing. The assessed valuation of it (both 40-acre parcels together) equals the worth of my place (I'm guessing about $250K+/-).
"BSR, who else has rights to your water?"
Nevada law says if you own an acre or more, you have a God given right to sink a well (Unless you're serviced by a water utility). We aren't. I can use as much water as needed to provide for my family, any size garden and all animals. A person can also buy commercial water rights for commercial operations.
Reading a lot about historical real estate practices, lots of people owned stuff they long-term-tenanted, but when TSHTF they booted the renters and used it for a home base or for kin folk to live in.
We're on a water association here, and the orginal contracts (in the 1960's) called for people to disconnect their wells from household service to be on the water supply. Our neighbor still has some of his wells for his cattle & pastures, but we can't find ours. We can still sink a new one for agricultural purposes, but not hook it up to the house. Our water table isn't too deep, so we might do it some day. I still hope to uncover our "lost well" though....
Bed time.
Maybe I'll wake up and aliens or pixies will have solved all the world's ills. Or at very least I'll have a couple beers and pickle some beets.
More toxic loans could haunt banks
More toxic loans could haunt banks 071909 - The Augusta Chronicle
Sunday, July 19, 2009
NEW YORK --- Japan's economy was paralyzed for a decade as banks failed to deal with their troubled loans. That's why it's nothing short of stunning to discover some U.S. banks are doing the same thing now. Despite all the tough talk out of Washington and Wall Street about how the U.S. can't repeat what happened in Japan, the reality is that banks are granting extensions to borrowers in one key category, commercial real-estate loans, so they don't default. It's a bet that economic conditions will improve before the loans come due.
"They are kicking the can down the road, hoping things will be better soon," said Barry Ritholtz, the head of the financial research firm FusionIQ and author of the book Bailout Nation . THIS MANEUVERING is being called "extend and pretend" in financial circles, reflecting banks' willingness to extend loan maturities because they believe -- or hope -- rental rates and building values could come back to levels seen during the peak of the real-estate market in 2007. Mr. Ritholtz and other financial experts worry that banks are just delaying the inevitable by not dealing with troubled loans now. And since commercial loans are such an important part of the portfolio of many small and midsize banks, it also could constrain their ability to make other new loans. An average of 20 percent of local and regional banks' loan exposure is in commercial real estate vs. 4 percent for the nation's biggest banks, according to data from Deutsche Bank.
Need a job? Move to DC
(pop up warning)
Picture 2
'FLIP THAT HOUSE' FRAUD COST BILLIONS
http://www.heraldtribune.com/article/20090719/ARTICLE/907191031/-1/NEWSSITEMAP
By Michael Braga, Chris Davis & Matthew Doig
Published: Sunday, July 19, 2009 at 1:00 a.m.
Last Modified: Saturday, July 18, 2009 at 6:40 p.m.
Fraudulent property flipping ran rampant during this decade's housing boom, with $10 billion in suspicious deals in Florida alone, a Herald-Tribune investigation has found. The deals -- many of them inflated sales among friends, family and business associates -- drove up property values and tax bills during the boom, fed bank bailouts and failures after the boom, and fueled the foreclosure wave that has gutted property values.
Unscrupulous property flippers would buy houses or condos, then drive up the price in a few days or weeks by selling it to someone they knew. Buyers used the inflated price to get bank loans for more than the property was worth, leaving money for flippers to split as profit.
Chart Porn: http://www.heraldtribune.com/assets/pdf/SH17326717.PDF
A Wilted Watergate Awaits Highest Bidder at Auction: Landmark Gains Global Attention Again
Wizened Watergate Awaits Highest Bidder at Auction Tuesday
By Lisa Rein and Martin Ricard
Sunday, July 19, 2009
The Watergate Hotel lost its luster years ago, its marble floors, rich colors and grand interiors dusted over with age. Its 251 rooms have stood empty since 2007, and for a year its debt-ridden owners have been trying to unload it. On Tuesday, the national landmark may find its suitor.
The bank holding the $40 million loan is putting the foreclosed property up for auction, and in real estate circles, the much-anticipated sale is flooding the phones, fax lines and e-mail in-boxes of a District auction house. A luxury hotel chain from the Middle East might be interested. A big-time developer who built the Georgetown waterfront complex definitely is. So is a hotel company from London, not to mention dozens of other would-be owners.
heyas Aly,
What's your read on the IDP situation in Pakistan atm? Is that a bigger problem for the gov't than the military action?
You know, if you treat individuals solely as members of a group that you fear and despise, then you're not going to be happy with your interactions with those individuals (you know, people can pick up on your subtle cues). That's right, I said fear; but I 'm not limiting it to gender or race. And if you can't find what your looking for but always ending up with the same thing in different disguises, maybe your search algorithm has a flaw. I don't believe there's someone for everybody, but I do believe that blaming everybody else for your relationship problems is believing a statistical improbability.
Let's use "bankers" as an example. Not all bankers are scum, but you have to search diligently and watch out for the fine print. If everyone of them takes your money after you fell for the inflated rate of return, then you'd better start asking yourself how to do a better search.
"Not all bankers are scum"
What? I have yet to see evidence to the contrary. Could you provide an example of a non-scum banker?
Wow, what a bizarre thread, fortunately for me skimmed rather than endured in real time.
Martin Amis once refuted anti-American rants by pointing out they might as well have been anti-Universe, given the human diversity found in the US. He had of course been married to an American, and had spent a lot of time in the states.
If anyone lives among Chinese people, let alone "Orientals", for any length of time, with luck a similar insight ultimately registers.
And if circumstances don't allow for such experience, I suggest one do a thought experiment and pretend it's so.
I try to do it for all those "others" out there from my pov. Not difficult.
delete the duplicate
Funny juxtaposition!
How uniform in character are bankers, after all?
OT
Earthquake imminent for California?
http://www.msnbc.msn.com/id/21134540/vp=31983045�
Jumbo squid beaching themselves.
One of the great things about Portland was that I could go out to m
Mccormicks & Schmicks on the river or Barracudas, drink 3 or 4 long island iced teas and then ride the Max back to Hillsboro. There'd always be other intoxicated riders and smetimes a sing along would start, sometimes people would tell jokes, once in awhile somebody would pass out and fall over and everybody would laugh. Once I fell asleep and had to backwalk several miles to my stop.
It wasn't all creepy and paranoid like now.
Money well spent?
$1,191,200 for slicing a two pound ham?
Recovery.gov
and here is another to the same supplier for $2,531,600, for ham.
Recovery.gov
Jesus and if you look at the interactive investments map...why did we pay Del Monte almost 9 million dollars? click the circles around San francisco for that nugget...
Is this for military use?
Anak,
met Martin Amis about 10 years ago, I had just read an article in British GQ about how Amis and
former writer pal (?) were passionate snooker players. I challenged him to a game. He begged off
saying that Manhattan had no full length snooker tables. I corrected him, 'yes they do in Chesea'...
still begged off... I would've kicked the cr** out of him...
broward
" Jealousy is a rare emotion for me but the doc finally triggered it.
She fired a full-auto HK mp5 last week.
doc = duke? (if so I'm flattered)
I would've kicked the cr** out of him...
Perhaps. But how prolific was he back in the day (before you met him). He had published five substantial novels by the time he was 32.
If billiards chops (notch down from snooker, I'll grant you) is a product of a mis-spent youth, I'll take the books.
OT Did anyone notice yesterday that video game hardware and software sales were reported down more than 30% y/y? I thought the pundits were saying it was only the big ticket items like cars and houses that were getting killed.
OT one reason the Sox has been doing so well is that most chip buyers want to make sure they have enough inventory on hand for Xmas sales. Better to over order than be caught short over the next six months, especially after the recent inventory destocking in the first quarter. Which should translate to a lot of semi company guidance that will be beat. Hence the rally in tech in general and semi's in particular.
glimpse of the future
A better plan needed for 4-year-old panhandler
i love the right-wing element righteously invoking CPS in the comments... do they really want to pay for that? exactly what kind of services do they think are being cut this year at the city, county and state level?
Anak,
I was trying to say he was a bit of a snot.
It helps if your dad was Kingsley Amis, also. I thought his literature was over hyped in the 80s, even though I liked some of his early books, say, Money. Even London Fields had its moments but went to excess. (helped to have a dynamo agent in Binky Urban)
both amises are pretentious twats that couldn't write their way out of a paper bag and will be utterly forgotten in twenty years
Duke, yes, I never got beyond the initial passel of enfant terrible books, and like the author, grew crotchety, but in different directions. Time's Arrow indeed.
Easy HH, it's still rock and roll to me...
And books written in the last thirty years that will be remembered? Would be interested in your take on that someday.
You know, Lothar, that sounds wonderful as is, but I might try a bit of cinnamon to give it a Greek touch. I'm saving your recipe - although i hope you mean "tomato sauce with some hot pepper" rather than 5 oz of true hot sauce!
Unbelievable the indictment of the Fed has come this far. Maybe the economy has collapsed.
Circles in circles.
Dismantling the Temple
unfortunately, the writers that came out of NYC in the mid 80s (Slaves of New York, Bright Lights Big City and Less Than Zero)
were more or less busts...
I'd say Infinite Jest will be remembered somewhat like Gravity's Rainbow... a book one can never quite finish... (just read Rainbow
a few months ago, don't think it holds up that well in what was called meta-fiction)
Ext Costs, thanks for posting the Greider article. That such an essay is on news stands today is itself news.
Congress arises to the challenge when the hoi polloi and small town powers, battered by selective forced liquidation, demand it after much strife. Sure, this presupposes a bought congress abruptly showing the integrity and horsepower to contemplate, design and implement such reform. Hounded all the while by competing interests. All against a backdrop of anemic demand. But as this sausage making progresses, would not foreign debt holders have long since cut their losses, sent rates skyward, and sunk the currency?
Doesn't the banking powers' arrogance arise in part from their stewardship as it is perceived among our creditors? And why would they consider monetary policy implemented by a popularly elected body to be a more disciplined and skilled than what they're used to?
My apologies if I've trotted out any straw strewn men here. Not my intention.
doc = duke? (if so I'm flattered)
Heck, no, my on/off girlfriend.
Feds dispute Tennessee "local manufacture" gun law.
FEDS GO OVERBOARD AGAIN.... Feds Declare Tennessee Gun Law Invalid
Did anyone notice yesterday that video game hardware and software sales were reported down more than 30% y/y?
I missed that but it's in line with tonight's comment from the waitress on her tips down 30%, business down 25-30% at my Phoenix employer. Check this out -
.
Seattle Startup Index
.
340 startup companies for Seattle alone.
Read through the descriptions and you'll see that most of these will fail.
They're too niche or too derivative of existing sites.
.
.
Another of my mocked predictions, from 2005 -
.
Social Bandwidth
.
the majority of future opportunities in information technology will be in the machine-to-machine domain. Niche areas will still exist in person-to-machine technologies such as video-conferencing, graphics cards, voice recognition, but the percentage bet for long-term opportunity is M2M
.
There's finite bandwidth for human interaction and its already absorbed by television, radio, and existing websites.
It will be increasingly difficult to dislodge and capture that mindshare.
Games are part of that bandwidth.
I'm not sure what their cost/benefit ratio is but probably still higher than newspapers.
.
It's interesting how the U.S. has become a back-biting slander machine.
Most people really have no idea of how pervasive it is now.
One appeal of pool is that it still has a sense of honor and fair play.
Not always, that's true but 98% of the time and you can't find that at work or in dating.
Heck, you can't even find it 50% of the time in most things.
The magical free market at work.
.
.
I played pool with a widower about my age, his wife died last year from cancer.
He was still in a serious depression, monotone voice, expressionless face.
Married for twenty years, lost his house to medical expenses.
.
.
I wonder if things will ever be good again and I wonder if they ever were.
Perhaps I just didn't pay enough attention in my twenties and thirties.
Here's morning news of an insult:
Manager: Paula Abdul ‘Hurt,’ ‘Angry,’ May Not Return To ‘Idol’ | Access Hollywood - Celebrity News, Photos & Videos
Can one be insulted by no offer?
Volker break Uggg's heart.
Uggg sad for Paula.
Uggg want new non-whining idol.
Uggg make abstinence pledge until justice prevail.
volker do uggg favor, volker let uggg off abstinence pledge
uggg may find some new thang who has not developed standards
volker hope the best for uggg
uggg may find some new thang who has not developed standards
Volker lie like realtor!
Uggg not stupid like Geico cavemen.
Volker lie like banker!
Uggg not sign papers.
Ever.
good morning happy 200th day of the year.(and my birthday)
who is this uggg? a neanderthal? not that it matters cr is open to everyone. seems smart(not signing papers)
uggg i am so sorry for talking about you as if you were not even on the blog,please forgive me.
This guy works for the UN - they are not known for under paying their employees. All this talk about Geneva being expensive while true I am sure is factored into the pay scales for their employees. There is a lot more here than the reporter has bothered to investigate. Another reason why print media is on its way out- the journalism sucks.
Externalized Costs (profile) wrote on Sun, 7/19/2009 - 5:20 am
* reply
* Ignore user
Unbelievable the indictment of the Fed has come this far. Maybe the economy has collapsed.
Circles in circles.
Dismantling the Temple
what is unbelievable is that they are even considering re-appointing Bumbling Ben. Whether one agrees or disagrees with his handling of the crisis (something we will only know for sure in the future) there is no question that he missed all the warning signs that led to the crisis. Not only did he miss them but he actually dismissed them. Would anybody rehire a plumber, doctor, electrician who had done that. I guess Chairman of the Fed is different - the more incorrect you are the higher you are regarded in Washington. I guess that is what Obama means about being responsible for ones actions. Bernanke should be resigning not looking for re-appointment.
Somebody asked for books written in last 30 years that won't be forgotten. Maybe I'm just in a bad mood this morning, but the best I can suggest is the Calvin & Hobbes books, with my favorite being HOMICIDAL PSYCHO JUNGLE CAT.
Richard Alford on Fed at NC this morning looks at interest policy as primary driver for leverage, maturity mismatches, external currency imbalances. Along with Buiter at FT, another fine read:
Guest Post: Richard Alford on Target Fixation and the Fed as Systemic Regulator « naked capitalism
I took note of the video game sales drop. It's no surprise to me given the amount of low-cost competition. If I want to get my son a video game system I would most likely buy 2nd hand via Craigslist: either an X-Box, PS2, or Dreamcast. In addition going further back there are tons of emulators/games available of older school + arcade games, not to mention a bevy of free-flash game sites that have actually impressed me with the quality.
This is kind've OT but can someone explain to me how senior-housing developments are not discriminatory?
how old are you, ylsp?
OT:
Is there any chance of Fannie&Freddie running into trouble with their duration gap? IIRC this was a big concern from 2002-2004 when people refied due to low rates. Since rates are still low and people who can refi are doing so, will we see the same thing again?
Alabama Hardware Distributor Blames CIT woes for Bankruptcy
A hardware distributor in Alabama became the first company to blame the troubles of commercial lender CIT Group Inc. for its bankruptcy yesterday when it filed for protection from creditors. Moore-Handley Inc., which supplies tools and other items to hardware stores and home centers, said in court papers that it was forced into Chapter 11 because it had difficulty getting cash from CIT, its lender.
volker: 28. It's a curiousity to me that our whole country tries to be fair and equal to everyone, regarding race, religion, etc. and then when it comes to housing we're allowed to set up what senior only housing developments. It seems discriminatory to me, someone young trying to buy a home. Obviously I'm not familiar with the history and all.
Deja vu!
Oh do look at that - my very first emoticon.
Amid Pa. stalemate, Phila. suspends vendor payments
Amid Pa. stalemate, Phila. suspends vendor payments | Philadelphia Inquirer | 07/18/2009
ylsp: if you are lucky, you may live long enough to understand
Meanwhile, your generation will probably turn your backs on the elderly, wish them a quick and early death and good riddance, sick of watching them spend up all those resources and oxygen. The sooner those old geezers die off the sooner the budget gets balanced.
then, when your time comes....
If you want 'singles only' housing, 'young families' only housing then go and get the dollars and political will together and build them. BTW--they exist already.
"....and then when it comes to housing we're allowed to set up what senior only housing developments."
.....kind of like how we overlook "Ladies Nites" (free drinks for women), senior (only) citizen discounts, and "kids' menu" pricing, and lets not forget the LPGA and the AARP !
I sag in all the right places!!
Sorry, ylsp. Fever dreams again.
You can prohit kids, and have seniors only, but the rest of that stuff is not legal.
You can't I think, set up big houses in which at least one kid under 18 is required in
the medium ones and at least 2 in the bigger ones.
I think the senior thing is outrageous. Why should I pay less than a mom and
dad with kids.
.
With a restriction that the house must be sold, at least the first time to people with kids.
zing...whammy...and volker wields Thor's hammer of bluntness with surprising accuracy (considering the hangover) yet again! Good morning everyone.
lawyerliz, I picture you as a sort of Kristen Scott-Thomas, Ballimer edition.
Must be very nice sags, if any.
BSR: Some of those ladies are real hotties.
Something else ylsp wrote shows a lack of understanding: "It's a curiousity (sic) to me that our whole country tries to be fair and equal to everyone, regarding race, religion, etc..."
A mere curiosity. A mild response, or maybe weak. Just curious? Hell, I'm still curious about the whole basis of Title IX, the merits of Sotomayor, how the front of JFK's entire face blew off, whether the 9-11 thing was what we were told it was, how we managed to get here from there, why our money is debased to worthless status, why any entity with more than two brain cells would take our promise in exchange for another container load of salad shooters....
Wow.
I wear glasses. can't get contact in.
If i lost . . .a lot. . .
Who is she anyway, a model?
Well. Funny how we get a mental image without quite meaning to.
She's a brit actress. "The English Patient" and "Gosford Park" and so on.
Volker, did you take the green pill? Because you're supposed to take the yellow one. Then you'll feel better.
You extrapolate from my postings that I am a raving beauty.
I am flattered beyond words.
Not that it isn't true that I don't get a lot of looks when the weight is
relatively down. Only now from grizzled gents.
He prolly took BOTH the green and the yellow.
Outsider: Dammit! Gotta get more pills. Pills are good.
Not to worry, folk; all is pretty well right with the world in volkerland. The occasional outburst should never be taken as a serious event. I'm sort of like that bum on the bus bench mumbling to himself, once in a while screeching something about McNamara's war.
"I'm sort of like that bum on the bus bench mumbling to himself"
.....yeah me too, volker.......there's no better cover than an addled, deaf & drooling old man.
drooling! must add to repertoire
volker, don't marginalize yourself...I grew up with blunt honesty...it is the best kind. Not enough of it in this country anymore. Don't always agree with you, but keep shattering through people's self-delusions. It is good for the soul..if you want to mumble something...plenty of good John Wayne lines from Big Jake..."I thought you'as dead--Not hardly"
John Wayne, when threatened: Oh, no. I won't cross you. You got me scared.
Being called to make pancakes. . .
Later.
Regardless, looking in I found some answers:
Senior Housing, HUD
Congress made exemptions for the Fair Housing Act to provide for "housing for older people", older people being people 55+... so basically its also a post 1964 "new" concept.
I guess people thought it sucked to have their parents living with them so they devised a law that allowed them to keep mom and dad out of the house?
I'm not sure anyone is really pissed and marching in the streets about this... anyone remember those old anti-drug PSAs where the dad was asking his son, "Where did you get this?!"... I learned it from watching you, dad. If you want to know where people might get the idea that "there is no entitlement to resources and oxygen".
One of my favourite John Wayne quotes: " Life’s tough……it’s even tougher if you’re stupid.”
Good one. Dad was fond of "You're short on ears and long on mouth!"...still here it from time to time.
My dad used to say, "You went to college, but your education didn't take."
"If you want to know where people might get the idea that 'there is no entitlement to resources and oxygen'."
You must be in management, or aspiring to be for some big corporation that drills down on the areas needing improvement, discharges the bottom twenty percent and, makes the numbers at any cost, blah, blah, blah.
A modest amount of consideration might lead one to understand for whom the bell tolls.
Until one 'gets' that there are only two things in the world--suffering and the awareness of suffering, one is relegated to suffering as if alone.
Heh, Dad commentary is among the best - my personal fave:
"Son, I've told you what I think. You don't have to follow my advice, but if you don't I'm going to charge you for it." (solo practitioner retired from the bench)
So true, so true...well I have to go help out with breakfast (read distract my clamoring wonder boys from getting under foot of the mrs., ain't no one happy, when mama ain't happy)...have fun everyone...
Blunt honesty generally changes the whole picture into reality. Not so touchy feelly.
I think deep down you know this.