patrick.net

David Losh says

I'm always right. It's one of the most infuriating things about me.

lol--so you wanted to lose money on that condo in Atlanta then? That was you "being right"?

tatupu70 says

That was you "being right"?

We were right to sell, yes. It would have been stupid to hold on to a worthless property. We were lucky, I mean lucky, some sucker took it off our hands.

Do you know anything about Atlanta, or the market place there?

David Losh says

tatupu70 says

That was you "being right"?

We were right to sell, yes. It would have been stupid to hold on to a worthless property. We were lucky, I mean lucky, some sucker took it off our hands.

Do you know anything about Atlanta, or the market place there?

Did you just recently upgrade the house cleaning website? Whoever did it, it looks pretty nice now, like the retro theme. I remember browsing it months ago and thought it was pretty horrible from a tech design standpoint ;)

David Losh says

We were right to sell, yes. It would have been stupid to hold on to a
worthless property. We were lucky, I mean lucky, some sucker took it off our
hands.

Do you know anything about Atlanta, or the market place there?

Nope. The point is that if you are always right, I would have thought you would have known NOT to buy it in the first place.

tatupu70 says

I would have thought you would have known NOT to buy it in the first place.

We didn't buy it, my sainted step mother bought it as her personal residence then it went into a trust. Her Coca Cola stock has way out performed the condo.

It makes no difference really to the fact Real Estate doesn't always go up, and that most Real Estate market places have declined, or floundered.

mell says

Whoever did it, it looks pretty nice now, like the retro theme.

Thanks

robertoaribas says

By the way, it is pretty offensive for you to use rosie the riveter as your own personal advertising;

Rosie the Riveter is public domain, number one, and number two is that I really haven't done anything with my business, advertised, promoted, or anything other than our internet presence.

I never contracted for a logo, and the old web site referred to above was a leased site. I was just sitting in my office one day when a person called to offer us a leased house cleaning site developed by the good people at The House Cleaning Alliance.

You should research them Bob, because they are a couple of financial wizards, University educated who worked for Goldman, and Lehman Brothers. They found house cleaning to be better money.

They started the house cleaning company they had, ran it for three years then sold it for $1,000,000, and it is still going.

After the non compete clause ended last year they started another house cleaning company, and from what I gather it does a million dollars worth of business in a little over a year.

Now about Rosie; my buddy did a bronze sculpture of her here, and he was the one who told me about the public domain.

Ours is a woman owned, and operated company, and we will incorporate the theme of Rosie in our new logo, which should be coming soon, with the next website.

She was a native of this area you know, and died just a few short years ago.

robertoaribas says

so somebody other than you made money.... got it!

No, Bob, I make money. I'm just doing my mid year reports, and Geez, Bob, the numbers are looking pretty good.

So, Bob, it seems you just assume things, and we all know what happens when we assume.

Bottom line Bob, it appears lately you are coming around to the thinking of the crowd here, that Real Estate is over as an investment, and you should get out while the getting is good.

A lot of ideas of the future and how society can evolve here.

I find it very, very interesting that there, while there seems to be a strong consensus towards a de-evolution of society, there is still disagreement in the role of housing and land in that de-evolution process.

Should we give it another try?

Give larger differences between the people below and the people above. Given more unfairness, less opportunities, and more accumulation of power in a few:

Is housing a good investment? or a bad investment? (so far i hear strong voices for both)

Investment money doesn't hold in the long terms we are used to discussing with real estate. Don't look for big financial investment to hold on for even months, let alone years. It is fickle to the hour...to the minute. It can and will turn in a heartbeat and sink all of its green teeth into orange juice if it makes more fiscal sense.

It's derivatives people! Mind-bogglingly ridiculously huge sums of fiat based on absolutely nothing. It could disappear in a heartbeat. As the "wealth" goes up in smoke, you could call it deflation all day, but no amount of QE or low interest could possibly make up for it. The big big investment dollars could dump real estate between brunch and lunch. As suddenly as lightning the hordes of cash buyers can turn into ghosts. All the money could be in pork bellies before you can get back from Home Depot with a bag of plumbing supplies. They can go short on their "long" positions in the bat of an eye. This is all speculation, not true demand for housing. Don't bet on the money hanging around for the length of a lease...more like the length of a lunch.

robertoaribas says

david, you are way too stupid to understand anything I do; you've shown that very consistently forever on here.

You never cease to amaze me with your ignorance.

You're a very simple person to understand; you smart, everybody else stupid, who don't buy rental houses.

Live with your mistakes Bob, and leave everybody else alone.

robertoaribas says

says the guy sued by two banks, the IRS, and upside down on his own home

Oh, OK, Bob, as long as you want to keep going down the same path let's go over it again.

Guys like me bother bubbas like you.

You have played by the rules, got a good education that allows you to have that quasi government welfare job of yours, and you are playing it smart.

I am one of the great unwashed masses, stupid, according to you, who makes money the old fashioned way, I earn it.

It bothers you because I've always made more money than you, and can afford to take massive risk.

What I'm doing right now is getting rid of debt, and if you were smart you would be doing the same.

That's what the crash of 2007/2008 meant to me. This is an opportunity to get rid of debt, with a get out of jail free card.

Really Bob, do you think banks are going to look twice at a guy who took advantage of negotiated debt settlement?

No, I'll come out of this with cash in the bank, debt free, and a business that generates income.

robertoaribas says

you are a liar and a scumbag. I'd say the same thing to your face, and you'd walk away because you know it is true.

This kind of sums up your entire line of argument, not just here, but in all the threads.

The same as you have no argument to anything I say, like this:

robertoaribas says

Except, home building is in the doldrums; We aren't building homes at replacement and population growth levels, and haven't for over five years.

You didn't count multi family in that, did you Bob?

Do you really think threats, or insults would work on me?

Now you can pay off your debts in as long of a period as you want Bob, I'll pay my debts now. I'm old Bob, and don't have the time, or inclination to wait out my income to debt ratios.

Does that bother you Bob?

Let's get to the real reason you're so upset Bob. Because I know hundreds of people with a lot less than you were given Bob, who have done so much better than you.

To me you're a guy on welfare. To you I'm a crook.

However Bob, I play by the same rules as everyone else. What I'm doing is legal, and it isn't bankruptcy, which is also a right we all have.

No one in this country has to give any bank a profit. Banks take risks like everyone else, except for people like you Bob.

You can't escape debt. All they can do is lower your credit score. They have to be paid Bob, because debt is a market place like anything else.

You can't escape the IRS Bob. They have to be paid.

So, Bob stop your lying. You have no idea what you are talking about, ever.

Enjoy your free ride, keep your mouth shut, and leave everybody alone Bob.

The people here have always been right, you have been consistently wrong, so just accept it.

people are really passionate in this blog :-)

robertoaribas says

Please, again, tell me how i can be a success like you? defaulting on loans, underwater on my house, and cleaning floors and toilets with my wife in my old age???

I'll tell you for $500.00

I'm going to agree with Roberto. Biochem is going to be huge. Maybe not in this country where we legislate morality so much, but messing with the nano machinery of Life will create fundamental changes in technology and society. Imagine a world where babies are gene resequenced after fertilization to ensure intelligence, perfect bodies, longer lifespans, and elimination of genetic disease. After a few generations, nearly everyone will be smart and beautiful and live a long time. But I think phenotype (racial) differences will remain, because that's based on taste and culture. The world will simply be more interesting in different colors.
How about radical body changes through virus-induced gene resequencing? Want to be a different gender? Here's a shot, and then sleep for a few weeks. Wake up as a beautiful woman. Or man. Or mermaid. Or satyr. Or centaur.
Want a pet unicorn?
Want an elephant as small as a cat?
Want to surf the net with your eyes closed? Biotech will get there, sooner than you think.
How about a mental switch to turn on endorphins? Adrenaline? Simulate orgasm? It's all possible, and sooner than you expect.
How much would people pay for any of this? Market forces would prevail, but the researchers would definitely get paid.

Quigley says

How about radical body changes through virus-induced gene resequencing? Want to be a different gender? Here's a shot, and then sleep for a few weeks. Wake up as a beautiful woman. Or man. Or mermaid. Or satyr. Or centaur.

Or this:

Want a pet unicorn?

Already done:

Want an elephant as small as a cat?

Want the expensive vet bills when the undisclosed problems show up in these novel animals?

Want to surf the net with your eyes closed? Biotech will get there, sooner than you think.

Want the NSA (or worse your crazy ass ex-girlfriend) full access to your mind?

How about a mental switch to turn on endorphins? Adrenaline? Simulate orgasm? It's all possible, and sooner than you expect.

Now illegal drugs have already done this for years. There are also much older already all natural, drug free - make that just plain free - ways to get an actual orgasm.

How much would people pay for any of this? Market forces would prevail, but the researchers would definitely get paid.

Not well:
http://www.bls.gov/ooh/Life-Physical-and-Social-Science/Biochemists-and-biophysicists.htm

($80k MEDIAN pay with a Ph.D. considered as entry level. Mind you that distribution is probably skewed towards the lower end by post-docs)

All fun aside much of what you see as potential is decades away while the burn rate (and risk) to get there is enormous.