About drtor

drtor's most recent comments:

On 23 May 2012 in Half of local FHA borrowers made $100,000-plus [OC-Register], drtor said:
CaptainShuddup says

Goran_K says

FHA should be abolished or the limit should be set back down to $250,000 in high priced areas, and $150,000 everywhere else.

Well I think if you're making money to live in the "High priced" area, then they should be on their own. it

Incidentally, the professors who wrote the report basically also argued in favor of dramatic cuts in FHA limits.
On 23 May 2012 in Half of local FHA borrowers made $100,000-plus [OC-Register], drtor said:
OC has nothing on us in the Bay Area. I found the original report (it is worth reading) link below.

In SF county *79%* of FHA borrowers made more than $100k and 45% made more than $150k. Well good to know my tax dollars go to those in need.

http://business.gwu.edu/creua/research-papers/files/FHA2012Q1.pdf
On 21 May 2012 in A Neutral Opinion, drtor said:
I agree, I think there is a small comeback underway for US mfg. Labor and material costs are higher, but the gap is shrinking (Chinese costs up 10-15% per year, US flat). Also lead times are shorter, transportation costs lower, and (to your point) quality control is better/easier.

So I am pretty optimistic about seeing more made in USA goods, but less optimistic about a lot of mfg jobs. Most mfg is very automated these days.

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