patrick.net

Makes sense. 1973 is when Nixon dumped the gold standard and told the rest of the world to do our manufacturing in exchange for using U.S. dollars only for oil.

Waterboard them.

Imagine if the FBI had waterboarded those guys in Boston after the Russians told them to watch them? This would have saved innocent people.

If you don't want to waterboard terrorists, just have no more visas except tourist visas.

Not to mention all the victims with missing limbs....
If waterboarding is considered too violent, maybe we can just run over them with the back wheels on a Dairy Queen truck....

clambo says

Waterboard them.

Imagine if the FBI had waterboarded those guys in Boston after the Russians told them to watch them? This would have saved innocent people.

Apparently, it doesn't worry them enough to actually work at saving money, but it does worry them enough to vote for politicians who promise they will rob somebody else to get them the money.

Retirement Remains Americans' Top Financial Worry

#2 on the list was:

Dying Penniless in a Crack Hotel.

And #3 was:

That I Would Have To Pay For All of This

#4 is "Can I get the money I spent on lottery tickets back?"

She operates on two neurons.

One is inhibitory, but intermittent. The other opens her mouth, opens her legs and pulls the trigger in no particular order.

millions of foreign workers, illegal and legal, drive wages DOWN.

Wrong Bundy. I though the thread was about Al. Very disappointing.

APOCALYPSEFUCKisShostikovitch says

necrobestiality porn

I had no idea this was a thing now.

Well at least it's better than homo-necro-pedo-bestiality.

He can choke down chick dick and ride rump roast until the cows come home: no miscegenation.

It's cheating a little, but not entirely inconsistent with his illustrious philosophy of not mixing the races.

Time to consult the illustrated glossary of obscene terminology.

Maybe the kid was lighting farts from his colostomy stoma. That almost qualifies as a felony.

CaptainShuddup says

She was just saying they should get right with the Lord, Jesus take a chill pill.

Yes .

Stupidity makes her more down-to-earth. I like her more and more.

Has anyone tried the zillow "premarket" feature lately? I see a considerable increase in # of properties in distress. Steam is running out no matter what inventory on the top shows.

The Professor says

What good is a mansion on an estate if you have to have paramilitary guards at the gate to keep the cannibals out?

Hehe, to protect the yam in the backyard.

I'm not sure what you are trying to accomplish here with quoting Sterling. He has a history of well publicized quotes of pitting Hispanics against blacks, blacks against Hispanics, whites against blacks, Koreans against blacks. Who knows why he says the things he does, but his quotes regarding race certainly shouldn't be given any credibility even if he's Jewish.

bgamall4 says

EBGuy says

but not as much as it will when the recast hits and principal must also be repaid on a 20-year schedule.

Of course. We are not talking about interest rates, New Renter, we are talking about the need to pay Principle!! It is going to kill housing until the rich want to buy more. Unless they think it is a lost cause.

No its all about he monthly payment and whether those people refi'd into a new mortgage that will allow them to make their monthly nut.

bubblesitter says

The Professor says

What good is a mansion on an estate if you have to have paramilitary guards at the gate to keep the cannibals out?

Hehe, to protect the yam in the backyard.

Kinda overkill for one yam don't you think?

New Renter says

Kinda overkill for one yam don't you think?

Every yam counts when cannibal anarchy hits.

bubblesitter says

New Renter says

Kinda overkill for one yam don't you think?

Every yam counts when cannibal anarchy hits.

The cannibals aren't coming for your yam. Except perhaps as a side dish.

Americans Are Starting to Miss More Mortgage Payments

It's all Obama's fault!!!

My be because slumlord ship rate is going up.

Pretty soon a sole property on sale in a neighborhood like Compton,Stockton,Oakland,CA will fetch a few million $ a piece. Way to go! Low inventory rules.

A communal apartment living where 7 families rent out 7 rooms and share one bathroom and 1 kitchen above a pizza joint will be the new normal and everyone will have time to paint.

dublin hillz says

A communal apartment living where 7 families rent out 7 rooms and share one bathroom and 1 kitchen above a pizza joint will be the new normal and everyone will have time to paint.

Where? In Mexico city?

I don't know what is in the mind of renters, but unlike past renters, today renters often have a positive net worth including a 401K.

If you have equity in something, it is irrelevant what it is, actually the assets like mutual funds are more liquid and useful than real estate anyway.

The trade to buy/sell a stock costs me $2 at Vanguard Brokerage, selling/buying a house is about $10,000 in just fees.

There may be a lot of happy renters out there, and unhappy women wanting that house with the picket fence.

clambo says

don't know what is in the mind of renters, but unlike past renters, today renters often have a positive net worth including a 401K.

If you have equity in something, it is irrelevant what it is, actually the assets like mutual funds are more liquid and useful than real estate anyway.

Liquidity! Although it comes at a risk.

clambo says

There may be a lot of happy renters out there, and unhappy women wanting that house with the picket fence.

Man, you read my mind.

Pick the bank with the better rate of course.

You could also save up the dough and pay the roofer out of your pocket.

Same with the painter.

clambo says

Pick the bank with the better rate of course.

You could also save up the dough and pay the roofer out of your pocket.

Same with the painter.

I would prefer to do that too.. In the first 3 years of owning our home we did $7K of interior work before move in... Then about $3K of pool equipment work the next year... Then $6K of landscaping work and last year $6K to install a brand new HVAC system. So we've put in over $20K out of pocket in 3 years... My wife has one more year of schooling left and we've got nanny expenses now too.. So I didn't want to stretch us too thin this year by paying cash for the roof.

But I also hate stressing the FEW times a year it rains in So Cal.... over whether I'm gonna come home to a leak. Tough call.. I have the summer to think about it atleast.. Never rains in So Cal in the summer.. atleast not downpours.

One week listed and now Pending on Carey (per Redfin).

Can't sarah and hillary have a death match in the roman colesium with all historic weaponry? I bet the stadium will be sold out and the international solidarity will be enhanced.

That woman has you demtards wrapped all the way tight around her little finger

errc says

That woman has you demtards wrapped all the way tight around her little finger

Agreed.

Not saying that I want Palin as President, but Gawd I love how the beta-males and girls in the Democrat party clutch their pearls and get the vapors everytime Palin open's her mouth on FB.

She is living rent-free in their heads. And for that - I am forever grateful!

Not only is your english language background somewhat limited, which you seem to intentionally exaggerate with the first sentence (nice troll - you couldn't be that stupid), but you also don't know much about finance.

Newsflash ! If you had a 10 million dollar windfall, and played your cards really smart, you could find someone, even now, that would help you earn 10% (or more on it). Yes, with some risk. Or, if you diversified you definitely could earn a SUPER SAFE return of over 5%.

CaptainShuddup says

If I had my druthers, I would rather have a couple Million in a bank somewhere making me 4% than to have a one time 10 million dollar windfall.

You really shouldn't brag about how clueless you are.

Hell, with 10 million you could construct a 30 million dollar apartment complex within 30 miles of where you now live (with a 67% mortgage or maybe make it a 25 million dollar complex with a 60% mortgage), that would earn you way more than 80K per year, plus your daughters would really be cleaning up after the mortgage is paid!!!!!!! At that point, they would both have incomes well into 6 figures (that is equivalent way over 200K each today) for life.

Or maybe after the mortgage is paid, they sell it, and figure out what to do with the after tax proceeds. Maybe interest rates are high then (40 years from now) and they just put it in an annuity, paying them each millions a year for life, a majority of which they would invest for future generations.

http://en.wikipedia.org/wiki/Exponential_growth

Two things:
1) Muslims go jihad against the USA (and not, for instance, Canada, which contains the same sort of people and religious faith predominance) because for three decades the neocons have sold the public into three wars and many many covert actions against Muslims. We've been taught to hate them ("but not really, we are equal opportunity") and coaxed into supporting drone strikes and leveling of entire Muslim nations. Our government continues to wage a "war on terror" that every jihadist knows actually means "war on fundamentalist Islam." So ya, we are their public enemy #1. If that is ever going to change, we need to be smarter about the leaders we elect and most importantly, smarter about what we allow them to do.

2) Jihadists definitely need to be baptized with lighter fluid and set alight.
"You can build a man a fire and he'll stay warm for a night, but set him on fire and he'll stay warm for the rest of his life."

The Professor says

THE RENT IS TOO DAMN HIGH!

My partner and I bought a townhouse in San Jose last summer for $315k. Put 20% down and financed 80% at 4%. Put $35k in rehab and just rented it out for $2,800/month. If rents were so high, why did we have multiple applicants? Apparently some people could afford it.

Call it Crazy says

clambo says

There may be a lot of happy renters out there, and unhappy women wanting that house with the picket fence.

I was an owner for decades, cashed out equity and sat on the sidelines for two years... It was wonderful, nothing to fix or replace, I was happy but she wasn't happy...

Now, she's happy (with the picket fence) and I'm back fixing and replacing , spending money as an owner again....

You just can't win....

Ha ha.
The queen always gets her castle.

Strategist says

Call it Crazy says

clambo says

There may be a lot of happy renters out there, and unhappy women wanting that house with the picket fence.

I was an owner for decades, cashed out equity and sat on the sidelines for two years... It was wonderful, nothing to fix or replace, I was happy but she wasn't happy...

Now, she's happy (with the picket fence) and I'm back fixing and replacing , spending money as an owner again....

You just can't win....

Ha ha.

The queen always gets her castle.

PS.. You have a smart queen there. You will be glad she made you buy a house. Can you take her to Cheese Cake Factory this weekend? She deserves it.

If you own a home and have 80K dividends/interest, it is more or less equivalent to a California couple earning 130-140K per year but with a standard mortgage with standard taxes.

You aren't paying social security taxes or medicare on you dividends, and if you plan carefully, you can keep your taxes lower than a working couple or person with earned income and a mortgage.