Egg Harbor City, NJ
Followed by 0
Ignored by 1
In United States
Registered Jun 08, 2007
Please don't confuse me with Facts, they get in the way of my distorted view of the world.
TechGromit's most recent comments:
- On 12 Aug 2014
PatNet Special Story,
This story really means nothing. You could assume she's shop lifting because she's a down on her luck realtor, but the reality is some people just like to shoplift, some find it a thrill to get away with stealing, even if they can easily afford to buy the merchandise in question. Most of the time the people who shoplift and easily afford to purchase what they steal, but they get a high from shop lifting. And the odds are in there favor, the majority of shop lifters get away with it. Chances are this realtor has been shop lifting for years, but if you do something often enough, the law of averages will catch up to you.
- On 21 Apr 2014
Housing Bubble 2.0 Veers Toward Housing Bust 2.0,
This housing bubble has some fundamental differences than the last one. I don't know where all this money is coming from to buy these houses, but it's not from banks lending it to unqualified home buyers. So long as there are renters willing to rent the properties investors are buying, often at ever increasing rental rates, I guess the "end" or pop will be when rents are too high for renters to afford. Vacant properties equals loses to investors, which will force a end to rising prices. Not a collapse however, more of a market price stabilization. Once prices drop to a point investing makes economic sense again, investors will rush back into the market, which will prevent a housing market collapse like we had before.
- On 21 Apr 2014
Your gas dollars at work, building world's tallest building in Saudi Arabia,
I'm not sure how we got on the subject of cars from office space, but what the hey. $10,000 is a heck of a lot of gas. The average American drives 10,000 miles a year, at 35 mpg, that's 285 gallons of fuel a year. at $4 a gallon, that's around $1,100 a year. So your talking 9 years to pay for that premium in price of your natural gas car, and that's not even including the cost of Natural gas, at $2 a "gallon" of Natural gas, your car is going to have to last you 18 years, just to break even.
It's a nice dream cheaper fuel, but it doesn't add up in the end. Of course if gasoline prices spike to $10 a gallon in the future and Natural gas prices hold steady, it might make economic sense, but with all the new oil wells in the United States producing oil, I don't see prices spiking anytime in the next 5 years.