About yup1

yup1


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In United States
Registered Dec 01, 2012


yup1's most recent comments:

  • On 27 Aug 2014 in My first real estate bear thread (ever), yup1 said:

    Deflationary depression equals Debt Deflation. Go read the short paper published by Irving Fisher in 1933. If and I will repeat if we go into debt deflation it is going to be brutal. Cash is king. Debt is death.

    I thought we would enter debt deflation in 2009 and I had a ton of debt. In steps Bernanke and bails most with debt out. I have had a plan from that moment forward. Make a plan and stick to it.

    I bought a home that I can easily afford on 1/3 my current income. I sold my other overpriced house and my rental house. I have dumped 750k in debt from the homes and now have a 200k loan on an affordable house. I am making double payments and will be paided off in 5 years or so. I have paid off cars. I have no credit card debt. If we crash in 3 years I will have a mostly paid off house with enough cash to pay the rest off.

    It probably wont happen with the Fed willing to step in and spend whatever is required (apparently they have no limit). If it doesnt happen, hey I will have a paid off house with 0 debt and a fat paycheck.

    Black Swan.... Crazy republicans win a super majority and the presidency. Small financial crisis cooks off and the idiots just let the place burn down to the ground.

  • On 22 Aug 2014 in Start-ups leaving San Francisco, yup1 said:

    The Original Bankster says

    energy bill is super low in AZ if you have a evap cooler and solar panels(you can easily get net zero power consumption with a fairly affordable solar rig).

    How is that swamp cooler working for you July, August and September? I guess it is fine if you like to be miserably fucking hot.

  • On 9 Aug 2014 in Inequality is a bitch, yup1 said:

    CaptainShuddup says

    I got more money than you assholes now get over it. In a less than a year, I'll be calling you up to cover my rent. Nothing in this life is promised, the last fucking thing I need is some asshole trying to take what I worked my ass off to get a firm hold of.

    Oh you thought that article was about you and your tiny fortune........

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