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HydroCabron's comments

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HydroCabron   ignore (1)   2011 Jun 23, 2:31am   ↑ like (0)   ↓ dislike (2)     quote        

SF ace says

7) any other costs I should consider?
Mortgage interest deduction. That is actual money you do not have to pay to uncle fed and auntie state.

This only matters if you have a mortgage larger than $275,000, or a number of other deductions, which, when added to the interest, will put you above the $11,000 standard deduction for a married couple.

And, as the mortgage is paid down, progressively smaller amounts will go to interest, which means that your deduction is less likely to help you do any better on your taxes than the $11K standard deduction.

HydroCabron   ignore (1)   2011 Jul 14, 2:27am   ↑ like (0)   ↓ dislike (0)     quote        

I figured I would wait until rental parity before buying. Then pay off the mortgage, head down to the bank, and shit on the banker's face.

But I was thinking: I need not own in order to shit on a banker's face. So now I plan to rent in perpetuity. Near some banks.

HydroCabron   ignore (1)   2011 Jul 18, 4:53am   ↑ like (0)   ↓ dislike (1)     quote        

Yawn.

This is one of the standard sub-stages of the stage of denial during a market collapse: "Foreign cash buyers will save us!"

Heard this in the early 1990s: I don't believe that turned out well.

To quote Irvine Renter at IHB: "It's a myth that foreign cash buyers are smart money that purchases bargains. FCBs are generally dumb money that overpays for declining assets."

HydroCabron   ignore (1)   2011 Jul 22, 6:00am   ↑ like (0)   ↓ dislike (0)     quote        

At $8/gallon gasoline there will be a re-think, with many young people moving to downtown outdoor non-luxury condos with open heat vents.

The city can be really disgusting, but it's hard to see how the 'burbs will do well if it's so expensive to get to a job. Rural areas, on the other hand, will see a rebirth, as young people flock to the new growth sector of the job market: manual agricultural labor.

HydroCabron   ignore (1)   2011 Aug 9, 2:52pm   ↑ like (0)   ↓ dislike (1)     quote        

APOCALYPSEFUCK is Tony Manero says

Eat BBQ for a week and take a shit on the HOA's face!

Even better: find someone on the HOA board who is a banker, and focus most of the attention on his face.

My old CC&R's, likely copied from boilerplate written well before the cell-phone era, explicitly banned all transmitting devices, excluding only garage door openers. So I figured if my neighbors were inclined to police my 100 watts of delightful morse code, I would direct them to restrain from any cell phone usage within the tract, under pain of the same sorts of fines they might threaten.

If thwarted, you can also get a 400W mobile amp, a nice 20-meter mobile antenna, and a rig for the car. Just practice your hobby in the street - they'll be helpless to stop you.

HydroCabron   ignore (1)   2011 Aug 10, 3:38am   ↑ like (0)   ↓ dislike (1)     quote        

jvolstad says

Maybe I can hide the antenna in the trees.

Sure can - BOOYAH!

With those property dimensions, I would put up two rhombics: need not be higher than 15 feet on 20 meters. You can cover two points of the compass with those lot dimensions. Go nuts!

HydroCabron   ignore (1)   2011 Sep 26, 4:57am   ↑ like (0)   ↓ dislike (1)     quote        

Bellingham Bob says

They're religiously against raising taxes back to Clinton levels, so I just don't see how they're going to cut deficits without throwing the nation into a bona fide depression.

You assume that they believe in cutting deficits. This was not true when the president was not The Black Other, and there are still questions as to why these Republicans continue to support spending money in Iraq, since money spent here, we are now told, hurts America and makes the Founding Fathers weep.

HydroCabron   ignore (1)   2011 Oct 3, 1:38am   ↑ like (0)   ↓ dislike (1)     quote        

clambo says

Deadbeats defaulting on credit cards will make responsible people pay more when they need to borrow.

Bankruptcy reform, thrust upon us in 2006 in order to protect us from those flakes who were ruining the fun of indebtedness for the rest of us, failed to cut interest rates and late fees in general, and - surprise! - boosted the profits of credit card lenders.

See here:

Look especially at sections:

-- 4.2. Credit card late fees and over-limit fees increased while grace periods decreased
-- 4.3. Credit card interest rates and the spread above the risk free rate both increased
-- 4.5. Credit card companies achieved record profits

HydroCabron   ignore (1)   2011 Oct 4, 6:09am   ↑ like (0)   ↓ dislike (1)     quote        

Thanks to reading patrick.net, I now understand "middle class" to mean having a half-empty shipping container of shotgun shells and some potatoes, but no firefight advantage over the neighbors. Behind on their cannibal anarchy and zombie apocalypse preparations, the middle class have not had time to take a shit on a banker's face.

HydroCabron   ignore (1)   2011 Oct 6, 3:45am   ↑ like (0)   ↓ dislike (1)     quote        

Re: the Florida situation. Drew Curtis, of fark.com, created categories for the news snippets appearing on his page: such as "ASININE," "PHOTOSHOP," "OBVIOUS," "COOL," "FOLLOW-UP," "SICK," and "STRANGE."

It may be of some comfort that there is also a tag "FLORIDA."

Just accept it.

HydroCabron   ignore (1)   2011 Nov 3, 3:45am   ↑ like (1)   ↓ dislike (1)     quote        

gregpfielding says

I am trying to find some good, honest, non-kool-aid-drinking real estate agents in the Bay Area

This is like chucking big slabs of raw meat into the tiger enclosure.

I will be checking this thread often.

HydroCabron   ignore (1)   2011 Nov 6, 1:58am   ↑ like (1)   ↓ dislike (0)     quote        

Many repetitive kinds of labor will be under threat, as robotics obviates the need for human actors to perform all of the most repetitive and least creative professions:

-Loan officers, stuck in a dead end of fleecing people into suboptimal mortgages, will be rendered redundant and become free to work in the booming agricultural labor sector
- CEOs will be replaced by voice-synthesized corporate amalgamators, which will acquire smaller firms and lay off a percentage of their workers using the standard spectacularly unimaginative formula.
- Realtors can be easily synthesized using thin client terminals at open houses, and automated call-center robots which read out "It's never been a better time to buy or sell a home" and "Buy now, or be priced out forever." The software, called "Suzanne," will "research this!"
- Economists can be let go in favor of Indian and Chinese economists who can perform the same analysis for far less money - the miracle of free trade! - or supplanted by text-generation programs which regurgitate lies as to why military spending and tax cuts for hedge fund managers do not create deficits.
- Journalists are clearly no longer cost-effective in a time when software can programatically produce articles on automation replacing workers on the occasion of every recession, carefully-hedged "balanced" reporting on how both sides do it, and ruthlessly unimaginative reports on lots of people shopping on the day after Thanksgiving.

HydroCabron   ignore (1)   2011 Nov 8, 1:59am   ↑ like (0)   ↓ dislike (2)     quote        

APOCALYPSEFUCK is Tony Manero says

EAT the Bank of Asmodeus!

Better to clean before cooking; someone may have shat on their faces.

HydroCabron   ignore (1)   2011 Nov 14, 2:59am   ↑ like (0)   ↓ dislike (0)     quote        

bubblesitter says

Actually there are good opportunities to invest, buy a 300K property and rent it out for $1900. Positive cash flow. Rich people are poised to take over all the available properties in USA and the folks who can't afford to buy are going to beg to rich people to rent them their homes. LOL.

Rents sometimes go down. LOL.

HydroCabron   ignore (1)   2011 Nov 14, 10:54pm   ↑ like (0)   ↓ dislike (0)     quote        

It's mortgage "principal."

Principal. Principal, principal, principal.

I don't need to hear any more about mortgage "principle."

HydroCabron   ignore (1)   2011 Nov 20, 12:30pm   ↑ like (0)   ↓ dislike (1)     quote        

I like the proposal, particularly the part about "bidding your hard-earned money against someone who is enslaving themselves with huge loans subsidized by and guaranteed by taxpayers", but is the mortgage-interest tax deduction not worth including here? Or would this make it too hard to generate support?

Though the mortgage interest deduction is consistent with deductions given to corporate entities on interest expenses, is it not also a subsidy of owners at the expense of renters, and an artificial prop to prices?

HydroCabron   ignore (1)   2011 Nov 20, 1:14pm   ↑ like (0)   ↓ dislike (1)     quote        

The idea of a buyer's strike really represents something which many buyers are already doing without organization: not buying, thereby causing prices to fall.

If such a concept as a semi-formal "House Buyer Strike" gains enough traction to do good, it will do so by changing the terms of the debate: what's going on here is unfair, and anyone feeling screwed by the ridiculous prices is right to feel that way. "Strike" is a loaded word, and the right one here.

There is total silence in the media and from Washington as to how unfair this situation is to renters, prospective buyers, and even many owners. The only group getting any love is the poor owner whose "investment" turned out not to be so; for some reason, this particular group is entitled to sympathy when their bad investments fail.

HydroCabron   ignore (1)   2011 Dec 3, 12:52pm   ↑ like (0)   ↓ dislike (1)     quote        

APOCALYPSEFUCK is Tony Manero says

Yeah, you thought it was an exaggeration to call Realtor®s satanic monsters.

I sense a strawman: Who thinks this is an exaggeration?

HydroCabron   ignore (1)   2011 Dec 19, 1:52pm   ↑ like (0)   ↓ dislike (1)     quote        

APOCALYPSEFUCK is Tony Manero says

Armed, hard-core homeless with nothing left to lose will end their days in weeks-long shoot outs with local cops, happy to have an excuse to bring out the sniper teams and to blow away people without the wherewithal or families to sue them for murder and mayhem.

As much as I enjoy bidding wars, this sort of market-clearing mechanism would get things to a supply-demand equilibrium really fast.

The NAR could lie about the body counts and YoY firezone kills-per-acre, and confidently declare each month of each year to be the best time to buy fortified McMansions with good fire coverage of the homeless trenches. Everybody benefits!

HydroCabron   ignore (1)   2012 Apr 14, 5:10am   ↑ like (0)   ↓ dislike (1)     quote        

Trick question.

Agree with the previous poster. Avoid the police, animal rescue, local churches and synagogues, and the battered women's shelter: such are infested with operatives holding real estate licenses, who will likely join in the abuse.

Correct answer: photograph the Realtor® in the act, then knock down several pints of Ballantine Ale, a carton of Raisin Bran and a half-dozen burritos. Then take a nice long Ballantine Ale piss on the Realtor®'s face, followed by a mountainous shit in the same location.

Photoshop the pet out of the photographs, replacing the image with that of a small child. Refer photographs to the local police department, who will facilitate relocation of said Realtor® to an enclosed structure full of cannibal Neo-Nazi serial killers. Oh: and throw in a wedding dress.

HydroCabron   ignore (1)   2012 Apr 16, 11:03am   ↑ like (1)   ↓ dislike (1)     quote        

I believe that I know this neighborhood, or a few like it.

Is your Realtor卐 named Suzanne?

HydroCabron   ignore (1)   2012 Apr 16, 12:27pm   ↑ like (0)   ↓ dislike (1)     quote        

BoomAndBustCycle says

Ok, Nostradamus... If we have 15 more years of declines in the cards.. (just like Japan). Then home prices will be about 70% less in 2027 as they were in 2007.

Percentages compound: assuming continuous decline, we'd be taking a percentage of an ever-smaller total, which changes the picture a bit.

At 3% per annum declines, the total 20-year decline would be 1 - (0.97)^20 = 45.6%

At 4% per annum declines, the total 20-year decline would be 1 - (0.96)^20 = 55.8%

These numbers might not be believable to everyone, but they're consistent with 3%-4% year-over-year declines, and they're more believable than a 70% cumulative decline.

HydroCabron   ignore (1)   2012 Apr 16, 12:32pm   ↑ like (3)   ↓ dislike (0)     quote        

Man, irony is dead.

HydroCabron   ignore (1)   2012 Apr 17, 6:39am   ↑ like (0)   ↓ dislike (0)     quote        

Great: now I have to piss/dump on the face of pilots as well?

HydroCabron   ignore (1)   2012 May 8, 9:05am   ↑ like (4)   ↓ dislike (0)     quote        

APOCALYPSEFUCK is Tony Manero says

Do you think Lorraine would be interested in my ideas about throwing bankers and Realtor®s out of helicopters as a policy mechanism to reduce financial crime?

Your ideas are intriguing to me and I wish to subscribe to your newsletter.

HydroCabron   ignore (1)   2012 May 21, 2:50pm   ↑ like (0)   ↓ dislike (0)     quote        

Yawn.

George Washington was known as "squawfucker" for all the native resources he utilized during his pre-Martha years.

HydroCabron   ignore (1)   2012 Jul 23, 12:25pm   ↑ like (0)   ↓ dislike (0)     quote        

It is still a great time to sell your home, though not as good as it was last year, or the six years before that.

By "excellent time to sell", I mean that you will surely regret not selling if you wait to see the prices next year.

Sell now or be priced in forever!

HydroCabron   ignore (1)   2012 Sep 13, 6:53am   ↑ like (3)   ↓ dislike (0)     quote        

marcus says

Funny that APOCALYPSEFUCK is the most ignored. His stuff is often tongue in cheek, and sometimes hilarious.

I'm guessing that all the right wingers had to ignore him, because as absurd as what he says is, it probably strikes a nerve.

I originally thought it was tongue-in-cheek, but then I tried reading it straight, and it was a revelation: like reading a cold, objective documentary of the future.

He is too reserved in his criticism of the NAR, but the rest reads like a manual of how the coming years will play out, together with constructive advice for your family in making it through.

Key concepts: cannibal anarchy as economic philosophy; choosing abandoned McMansions for maximum firefight advantage; planting potatoes; Neo-Nazi hordes; pissing/shitting on banker's faces; and preserving realtor meat for your pets.

HydroCabron   ignore (1)   2013 May 24, 2:45pm   ↑ like (1)   ↓ dislike (0)     quote        

freak80 says

Phoenix is in the middle of a desert. Why the heck do people actually live there? Ridiculous.

To quote T.E. Lawrence - as channeled by Peter O'Toole - on the subject of the desert: "It's clean."

Casa Grande is actually nice, in the sense of not being ugly, but the rest of the area should be used for nuclear testing.

To enjoy Phoenix, you need to go inside one of those storage lockers for human beings in the retirement areas south of town. Crank the AC, close all the blinds, so you can't see or hear Phoenix, and it's actually like being on the space station, except with gravity and you can't look out the window at anything resembling planet Earth.

During the heat of the day, if you wander out into the xeriscape back yard, the dry heat is actually invigorating. Be careful when outside not to raise your eyes above the line of the cinder-block fencing, so as not to catch a glimpse of the outside world.

HydroCabron   ignore (1)   2013 May 24, 3:17pm   ↑ like (0)   ↓ dislike (1)     quote        

How in blazes do these underwater/low-equity people escape? Seems like there are four paths forward: (1) Suck it up; (2) Default; (3) Move into something smaller, and rent out the property at a loss; (4) If not underwater, but with negligible equity, just sell, and move to cheaper place, or rent.

Path (4) requires downsizing, which is not something real Americans do.

Nothing of these four outcomes look good for the housing market.

HydroCabron   ignore (1)   2013 May 24, 3:25pm   ↑ like (6)   ↓ dislike (1)     quote        

One of the weirdest moments of my life was when I was unemployed and my marriage imploded.

Sat there in a cheap motel well outside of town, not getting job offers, and cold-calling employers all day while rehearsing interview questions at night.

In what would be a nightmare scenario for many people, inner peace found me: it dawned on me that the number of things I thought I gave a shit about, but did not, was so truly large that I didn't know where to start. I realized I didn't care about losing my car, my wife, my personal possessions (including family heirlooms). The only things I wanted to keep were my cat, some clothes, and a toothbrush.

Clearest my mind has ever been. Utter serenity: I couldn't be bothered to waste energy being anxious. I remember whistling as I showered each morning.

HydroCabron   ignore (1)   2013 May 25, 7:42am   ↑ like (1)   ↓ dislike (1)     quote        

APOCALYPSEFUCK is Shostakovich says

Need a sniper nest someplace high, protected and unobstructed.

I was no happier with reinforced footings for 88mm Howitzers on the perimeter than I now am with a simple, humble blind and a 50mm Barrett.

As Marx, whose teachings I follow in all things, says: the difference in value in exchange has little correlation to use-value.

(The Howitzer worked a lot better on police cruisers and schoolbuses at 3500 yards, though, but such targets were so far off my property that the value as fertilizer was nil.)

HydroCabron   ignore (1)   2013 May 25, 8:47am   ↑ like (0)   ↓ dislike (0)     quote        

fedwatcher says

Since the incomes of potential home buyers have not risen, any uptick in mortgage rates takes some potential buyers out of the market. Investors remain as long as they can get a positive return via rents.

I'm curious as to how many investors, particularly the large funds currently buying residential real estate, are depending on light to moderate appreciation as part of their business model, and cannot make money on rents minus expenses alone.

HydroCabron   ignore (1)   2013 Jun 6, 4:34pm   ↑ like (0)   ↓ dislike (1)     quote        

Dan8267 says

If outsourcing is a good thing, then let's start at the top. Outsource all executives and board members. After all, these jobs are too "important" to be done by whoever we can find in America; we need to search the entire world for the best talented CEO, and there's a 50% chance that person is in China or India. Plus, think about the savings when the company only has to pay the CEO a few hundred dollars a year instead of hundreds of millions of dollars!

1/3 of the population lives in India or China, and 95 percent of the population lives outside the United States. It is therefore reasonable to assume that the Cato Institute would find the best writers and analysts outside the United States, and that the Institute would be better served by laying off all domestic staff.

Furthermore, as a staunch believer in free trade and an advocate of taking economists at their word, I see no alternative but to outsource all economic research and analysis, for the same reasons stated above: clearly 95% of the greatest economic thinkers must be living in foreign countries, and can be had for less than they would cost here.

It is a shame that all American economists will be losing their jobs, but they will surely understand that everyone is better off when different countries each supply the resources and labor they produce most efficiently.

HydroCabron   ignore (1)   2013 Jun 7, 4:00am   ↑ like (0)   ↓ dislike (1)     quote        

Color me embarrassed.

I thought Obama would use the Presidency's ironclad constitutional authority over the Florida governor and state legislature to stop this; boy, was I ever wrong!

Thanks, Obama!

HydroCabron   ignore (1)   2013 Jun 7, 4:11am   ↑ like (1)   ↓ dislike (1)     quote        

'The Deer Hunter', which I watch 2-3x per week, has relevance here.

She should cash in on her celebrity: join the Russian Roulette circuit, competing in the semiautomatic division.

Sunday nights, sponsored by WWF and Red Bull, with host Christopher Walken.

HydroCabron   ignore (1)   2013 Jun 7, 5:32am   ↑ like (1)   ↓ dislike (1)     quote        

APOCALYPSEFUCK is Shostakovich says

Should she run this gig solo or have a celebrity panel pass around a gun and let each panelist take their chance and have a turn?

I like the panel idea, but, with the passing of Richard Ramirez today, it just got harder to find folks of Bachmann's stature outside the Tea Party caucus.

We still have BTK, Noriega, Rumsfeld, David Berkowitz, John Bolton, Aileen Wuornos, Rahm Emanuel, Cheney, Michael Ovitz, Tex Watson, Leslie van Houten, and Jamie Dimon. (And, if it doesn't put the other panelists off their lunch, the Executive Committee of the NAR.)

Obviously, the league will require a constant infusion of fresh talent. And we'll need contestants who are the "whole package" that Michelle Bachmann exemplifies: grinding blood-lust, low cunning, and ethics built on a life lived in an alternate solipsistic universe existing entirely within one's own skull.

Where can we reliably find such people? School boards, maybe? You can also go overseas (Josef Fritzl, Saif Gaddafi), but that has its own issues.

HydroCabron   ignore (1)   2013 Jun 7, 6:05am   ↑ like (0)   ↓ dislike (1)     quote        

Liberal Atty General John Ashcroft really put it to the head shops and growers all over the United States. If only Bush had appointed a small-government federalist to handle things, Hanoi John would not have done the liberal things he did to marijuana growers and sellers.

HydroCabron   ignore (1)   2013 Jun 7, 6:18am   ↑ like (0)   ↓ dislike (2)     quote        

Those bastards!

This horror story is surely true, and does not reflect any underlying complications which the journalist neglected to point out.

How dare they - I'm changing my beliefs immediately!

HydroCabron   ignore (1)   2013 Jun 9, 1:29pm   ↑ like (6)   ↓ dislike (2)     quote        

I'm no friend of the hidebound dunderheads of academe, but is anyone else sick of the anti-middle-class and anti-poor horror stories?

The wealthy get wealthier for the past 30 years. The rest of the classes get the shaft.

Meanwhile, the Internet horror stories of overpaid, pampered middle-class and lower-class Americans go on and on: "Lookit that ridiculous fireman's salary!"; "50% of Americans don't pay no income taxes!"; "Those teacher's don't deserve no pension - let 'em save their money like everybody else!"

Instead of asking why the rich get richer, the middle class and poor are turned against one another. Instead of asking "Why don't we get the same basic health care and retirement plans which teachers get?", people say "Why do those commie pigs get cushy benefits?"

It's amazing: one can steep people's brains in hatred for the people down the street, and make them identify with the residents of Park Avenue.

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