About mell


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267 threads
San Francisco, CA
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In United States
Registered May 09, 2012

mell's most recent comments:

  • On 1 Sep 2014 in Patrick wants to open a competitive wine bar, mell said:

    APOCALYPSEFUCKisShostikovitch says

    Great idea.

    But how about a COMBAT WINEBAR ?

    If you're wrong, someone gets to challenge you to a steel cage match.

    Are Realtors allowed in?

  • On 1 Sep 2014 in Iwog Idiocy Strikes Again, mell said:

    tatupu70 says

    Are you crazy?? Of course it helps them.. The middle class are typically debtors so lowering their interest rates is a HUGE boon to them--saving hundreds of dollars/month. And savers typically invest in the stock market, which has done just fine.

    They are not, esp. if they don't buy a house they cannot afford. Back then I was considered middle-class and never had any debt. They are only debtors if they finance cars or houses they cannot afford (medical debt aside which is a real problem bc of the healthcare racket).

    Second, savers should not primarily invest in the stock market, that is the problem, because they get wiped out during those swings when they need the money. A sound economy has sound interest rates and low inflation that yields enough safe interest to build a safe retirement.

    Third, low interest rates don't help them because they OVERPAY even more due to those low rates. They still need to pay the whole amount eventually, otherwise they lose their property and credit, buying at a cheaper price when you can afford it is always a better option, and loans should never exceed 5 years, 10 years absolute max. This is how you build a sound economy. Of course you can argue that the US is so addicted to debt that there's no point turning back, but I think there is and there will eventually.

  • On 1 Sep 2014 in Iwog Idiocy Strikes Again, mell said:

    Reality says

    That has been the real estate market history for the area. Now that it is literally attracting the proverbial bag holders from overseas at ridiculously inflated prices, I'm not optimistic for the area in the next 30 years.

    True, but if your money is not safe where you're from or if you literally need to launder a good chunk, then you may not care being a proverbial bag-holder as long as your kids can represent big-time in SF ;)

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