patrick.net

Hausmeister T says

If you are scared, just buy with 3.5% FHA down and let Obama take the risk. If the market tanks and you regret your purchase, just walk away. If prices continue to climb, take out a HELOC to cash in (and keep) your profit. If the market later falters you keep your HELOC money as profit and hand the keys back to the bank, if you like. Use the banks money to gamble and the government to insure the risk. Do it just like Wall Street, just in small scale. If you don't gamble you will never win. Never pay off a mortgage. Always cash-out to the max. Keep all the money in your own pocket. Only feed the absolute minimum to the bank. Interest-only mortgage if possible.

Loans have interest payment, and have to be serviced. If the house costs 5x income (with minimal down a suggested), a 4.5% interest rate and 2.5% for property tax+insurance+water bill mean 35% voluntary income tax on top of whatever taxes are already due. Not saying it's necessarily a bad deal, but these are the numbers even without talking about capital risks.

jojo says

Strategist says

Not buying a house when you can afford and want one is also a gamble.

Odds are against you if you don't buy.

Anything is a risk; cash, stocks, real estate, bonds, FX. All you can do is try to diversify and hedge yourself as well as possible.

True, anything is a risk. But you have to take risks to survive.
A large number of babies die at child birth. Did not stop anyone alive from taking that chance.

Call it Crazy says

Strategist says

Not buying a house when you can afford and want one is also a gamble.

There's more than just affordability in the decision to buy.....

Strategist says

Odds are against you if you don't buy.

Really????

Really.
I purchased my first house in OC in 1986. I still have it, and it's worth 4 times as much.
Prices always go up. Always.

jojo says

Strategist says

True, anything is a risk. But you have to take risks to survive.
A large number of babies die at child birth. Did not stop anyone alive from taking that chance.

True. That's why each person must determine their goals and risks v rewards. What works for you may not work for me and vise versa.

edit: vice versa (autocorrect d'oh)

I agree.

Here is something weird I read 2 days ago on taking chances.
If you drive 10 miles to buy a lotto ticket, the odds of you dying in a car accident getting there are greater than the odds of you winning the lotto.

jojo says

Strategist says

Really.
I purchased my first house in OC in 1986. I still have it, and it's worth 4 times as much.
Prices always go up. Always.

You are cherry picking. Many people bought in 2004 and got clobbered by 2009. Also, a persons individual situation must be taken into account. What if they will only live there for 3 years? The transaction costs will likely make it a losing deal and it would be better to rent.

In the long run in the right areas prices will always go up.
Real Estate should be held for at least 5 years.

Strategist says

If you drive 10 miles to buy a lotto ticket, the odds of you dying in a car accident getting there are greater than the odds of you winning the lotto.

I'm sold - this makes perfect sense. Also if you jump off a bridge, your chances of dying are less than if you shove a live hand grenade in your mouth and blast it with a shotgun after drinking a bottle of bleach.

I'll be calling my Realtor® tomorrow morning!

Strategist says

Here is something weird I read 2 days ago on taking chances.

If you drive 10 miles to buy a lotto ticket, the odds of you dying in a car accident getting there are greater than the odds of you winning the lotto.

Not surprisingly, people on death panels wouldn't vote to spend $100 million to save a life either. I don't think many people would drive 10 miles to buy a lotto ticket unless the jackpot is well into the 9-figures. Even then, the purchase would be on the way to doing something else and/or for multiple ticket purchases. The two sets of odds judgements are surprisingly congruent. LOL

The few orts of evidence here point to only one firm conclusion so far: it has never been a better time to buy (or sell!) real estate.

Time to contact your Realtor®!

Suzanne will research this!

The early 1920's recession/depression was very significant for the rest of the world: Japan, Italy and Germany embraced the fascist central planning economic model as a result of that recession/depression (with Russia having started even earlier). The US escaped unscathed largely because the non-interventionist economic policies of Harding and Coolidge.

Radio, newly invented in the early 20th century, as a broadcast medium contributed to the power of centralized control.

Internet revolution is a communication and entertainment revolution similar to Radio and Film/Movie . . . except for its multicasting nature instead of centralized broadcasting model of the early 20th century inventions.

What's coming up is something similar to the invention of steam ships, railroad and automobile, a much cheaper alternative way of moving real goods and people around: the self-driving car (and then airplane in 3D self-driving, finally making the family airplane possible, currently not constrained by cost but by safety risk). That IMHO will significantly reduce the cost of living for many people, and revitalize the economy in terms of real living standards.

bob2356 says

FortWayne says

They are not stupid. They buy old planes and insure them. Plane falls, people die, they don't care... they collect insurance.

That kind of practice is illegal in US, but the rest of the world... "free market".

That's why the fleet age of the 7 major airlines in the US is 14 years old and the fleet age of the 3 major airlines in Malaysia is 6 years old. Good thing you never let logic or facts interfere with you thinking.

I don't believe it. That's as much of a lie as communism.

Texax tea..
joshuatrio says

black hole

Russian hijacking to take heat off the crimia land grab..

Thats right.
Use the foreigners to debug the new stuff for half a score before we upgrade...
bob2356 says

FortWayne says

They are not stupid. They buy old planes and insure them. Plane falls, people die, they don't care... they collect insurance.

That kind of practice is illegal in US, but the rest of the world... "free market".

That's why the fleet age of the 7 major airlines in the US is 14 years old and the fleet age of the 3 major airlines in Malaysia is 6 years old. Good thing you never let logic or facts interfere with you thinking.

FortWayne says

I don't believe it. That's as much of a lie as communism.

Google doesn't work on your browser? It took me less than 2 minutes to come up with the numbers. Or are you saying you refuse to believe anything that doesn't agree with your preconceived xenophobic philosophy.

Iosef V HydroCabron says

The one bright spot here is that stagnating/falling wages will soon put a stop to most cost-of-living related increases.

Wages have been falling/stagnating since the late 70's though. There is no sign of this trend really stopping since the reasons for it happening are political in the first place. Both major US parties are essentially Big Business Conservatives when it comes to economics and have been since at least Clinton.

We're not going to hit bottom until a majority of the politicians are for raising wages regardless of how low the standard of living drops.

That is the magic of the BOOTSTRAPS/Just World Fallacy propaganda used by both parties: everyone rich is rich because they deserve it and work hard and are fundamentally good people too! Everyone poor is poor because they deserve it and are lazy and also fundamentally bad people too!

mmmarvel says

Not in Texas. If you can't find a job in Texas, either you ain't trying hard enough or there is something seriously wrong with you.

Anecdotes like this are worthless when we already have good data from the article I linked that contradicts what you're saying.

mmmarvel says

I can still find a house for under $100K, can you?

Sure. It wouldn't be a nice place to live and/or would be far away from work so I don't want a place like that. A nice home that is close to work/amenities for that price is very hard to find anywhere in the US right now. Also I live in one of the cheaper states right now FYI (not CA IOW).

mmmarvel says

The rest of the article tries (and in my opinion fails) to smear Texas, but for the most part they spin things to achieve a negative effect.

You have to explain why, just stating something like this is pointless.

mmmarvel says

It's a poor article written with the object of tearing down Texas, but they don't do a very good job of it. Come to Texas, tell government where to stuff it.

Is someone paying you to say this stuff? Because you sound just like a shill. Also I've been to TX before in the last few years and was completely unimpressed. The economy was doing better than my part of CA at the time but the major cities all seemed to be undergoing Californization: both in terms of infrastructure (or lack therof) and piss poor commutes. I also would've gotten paid much less and the cost of living wasn't much lower than CA in a decent, not nice, decent area/house.

"Analysis finds costly security measures may not increase safety at airports, which are low-priority targets for terrorists."

Strange thing is, they have a single guy watching the "out" section of the bay area airports I have been in. A simple diversion, and you could get somebody in past them with all the masses of people going through x ray machines and being frisked, fondled and fingered right next door.

It's the usual silliness of creating an embedded industry that becomes self perpetuating, self justifying, self exonerating and politically powerful.

You two idiots deserve each other. It's the Patrick.net remake of Dumb and Dumber.

Call it Crazy says

Bigsby says

How much was gold when he made his prediction. What was the lowest it fell to? What did you predict?

Do some research and look it up...

So you don't know? What about question 3?

http://www.mercurynews.com/business/ci_25347405/san-jose-and-fremont-more-than-400-million?source=rss

bgamall4 says

Oh, and you are so smart, not being able to see that WTC7 was obviously detonated and not being able to see that Robbie Parker is a bad actor. No tears at Sandy Hook don't bother you because you have no human emotion and are likely incapable of same.

The fact that you believe those two things obviously makes you the dumber part of the pair. Even the 'professor' shies away from your Sandy Hook nonsense.

The Professor says

rebuttal to implosion worlds article. http://911research.wtc7.net/reviews/blanchard/

Nothing but conspiracy guff masquerading as a rebuttal of a 'scientific investigation.' He's just repeating the typical conspiracy line about an article that never even claimed to be a scientific investigation in the first place. It is a comment piece about what happened from the perspective of a demolition expert. What makes a software engineer qualified to rebut that?

WTF? Why do they let that retarded guy wear a cop uniform?

No one is innocent.

She did not know her place. You need to sculpt the population by eliminating those who do not fit in with the larger goals.

APOCALYPSEFUCKisShostikovitch says

This is why everyone should wear an explosive vest and carry an M134 with 1,000,000 rounds of belted ammo, especially women if there is even the slimmest chance of meeting up with a cop in the states.

That backpack for all we know may have been filled with C4 and ball bearings. Perhaps that's why the woman wanted to get it off so badly, to reach the detonator.

Anyway I don't know what all the fuss was about - The map wasn't going to be wrong ALL the time:

http://www.nasa.gov/topics/earth/features/2012-poleReversal.html

Call it Crazy says

Hey Bigs..... Apparently you didn't spend any time looking up HIS prediction and he made a complete separate thread about it. So, since you're so LAZY and just want to run in with protecting and being a bitch for your hero, here is his quote:

Oh, right, in a completely different thread. I didn't realize I had to search through all other threads to find his prediction when you could just tell me. But thanks for NOT finding me the price at which he made his prediction. Avoiding the question as always I see.

Call it Crazy says

See, it was HIS prediction... I didn't make ANY prediction because it's his thread, and he deletes my comments because he's such a little, childish girl.....

You didn't make any prediction? Oh well, I guess that allows you to crow about other people's predictions not being 100% accurate. Mind, as you've still failed to say at what price he made his prediction, it's a bit difficult for others to know how good it was, wouldn't you say?

Call it Crazy says

So Bigs, you should really think twice before running in and being a bitch for your boy, because frankly, it makes you look like..... a real asshole!!!

Whereas the vast majority of your posts...

Call it Crazy says

Maybe you should go over and argue with Gary some more on his thread about Sandy Hook....

Maybe I should. He at least very occasionally tries to answer a direct question, unlike you.

When Anderson refused to immediately comply with the officers’ demands to come to the police station, one of the cops grabbed her, pushed her against the wall and took her to the ground.

Criminal assault and battery, false arrest. The cops should get 10 years minimum in prison. If they don't, the pro-gun crowd should arrest the cops at gunpoint and try them in a people's court.

We need a Constitutional amendment. Anyone becoming a cop must be physically castrated so as to prevent testosterone rage.

What a fucking asshole, so who still thinks this banana republic can claim the higher moral ground over Putin's Russia?

APOCALYPSEFUCKisShostikovitch says

This is why everyone should wear an explosive vest and carry an M134 with 1,000,000 rounds of belted ammo, especially women if there is even the slimmest chance of meeting up with a cop in the states.

Clearly these guys were at best, completely wrong and fucked in the head and, more likely, perpetrating a ruse to get the woman alone to rape her, torture here and sell off her internal organs to transplant brokers.

These rentapigs should be impaled in a 7 foot pit, over which an outhouse would be constructed so the victim can enjoy listening to them gurgle (while they are alive) while she is pissing on their faces.

You my friend are far too kind and your ideas of punishment, far too lenient..........LOL

APOCALYPSEFUCKisShostikovitch says

Dan8267 says

Criminal assault and battery, false arrest. The cops should get 10 years minimum in prison. If they don't, the pro-gun crowd should arrest the cops at gunpoint and try them in a people's court.

At the least. There must be something in the state code on pursuing spurious claims as a basis for arrest. If there isn't there should be. The rentapig should have answered the call, interviewed the employee, figured out she was doing her job, apologized for abusing her time with nonsense, closed the complaint with field notes and paid a visit to the dweeb who filed it in the first place and told them not to be a nut and waste his time and have him bothering busy people.

That would have been the appropriate thing to do. Maybe that kind of thinking is too far above his pay grade.

APOCALYPSEFUCKisShostikovitch says

Dan8267 says

Criminal assault and battery, false arrest. The cops should get 10 years minimum in prison. If they don't, the pro-gun crowd should arrest the cops at gunpoint and try them in a people's court.

At the least. There must be something in the state code on pursuing spurious claims as a basis for arrest. If there isn't there should be. The rentapig should have answered the call, interviewed the employee, figured out she was doing her job, apologized for abusing her time with nonsense, closed the complaint with field notes and paid a visit to the dweeb who filed it in the first place and told them not to be a nut and waste his time and have him bothering busy people.

Perfectly said.

You know things are fucked up when Apoc is the voice of reason.

New Renter says

That would have been the appropriate thing to do. Maybe that kind of thinking is too far above his pay grade.

His pay grade should become 10 cents an hour cleaning litter on the highway while wearing an orange jumpsuit.

Here's a sub-reddit for all you hippie cop-haters:

http://www.reddit.com/r/Bad_Cop_No_Donut/

They couldn't afford pop ups of gang bangers and malignant terrorists on the ballistics course, so they had to settle for pop ups of fluffy, adorable pets, pigtailed girls and moms. Understandably, the sight of any of these triggers said testosterone rage and epinephrine charged beating frenzies.

After beat downs of five soccer moms, the cops get six months of paid disability stress leave, so they are all eager to make their goals.

Why do they hate budget cuts?

New Renter says

Maybe that kind of thinking is too far above his pay grade.

Picking his nose is too far above his pay grade.

I say they should REALLY punish the guy. No donuts for life.

APOCALYPSEFUCKisShostikovitch says

Load a baseball auto-pitch device with 100,00 jelly donuts and make him suck on it for an hour.

I thought you were trying to think of punishments.

That would just give your average cop an erection.

Ceffer says

APOCALYPSEFUCKisShostikovitch says

Load a baseball auto-pitch device with 100,00 jelly donuts and make him suck on it for an hour.

I thought you were trying to think of punishments.

I think auto correct accidentally removed the word buttcheeks.

Suck 100k donuts with his buttcheeks