patrick.net

Property tax, maintenance, etc can be a shocker to new first time homeowners.

Just a few months ago I replaced the entire HVAC system in my home with new ducts and abatement. The price tag of that was shocking (even after pricing shopping and getting 7-8 quotes for comparison).

BayArea says

Property tax, maintenance, etc can be a shocker to new first time homeowners.

I know so foreigners who were shopping houses here and didn't realize property tax is forever until you die. What a surprise that would be when the first bill comes!

DooDahMan says

Sacramento police announced the first arrest Monday of a suspect

White supremacist.

Exxon flags biggest profit in 13 years due to surging oil prices

(Bloomberg) -- Exxon Mobil Corp. signaled its highest profit since 2008 as Russia’s war in Ukraine upended global commodity markets.

Exxon’s announcement that first-quarter results may have reached almost $11 billion augurs booming profits across the oil industry as trade sanctions, shipping disruptions and surging demand strain supply lines.

The windfall doesn’t come without risks, however. Political leaders are under pressure to alleviate sky-high energy prices and the specter of shortages, and some already have accused oil drillers of gouging and profiteering.

U.S. President Joe Biden last week pleaded with the industry to reinvest profits in new wells to help plug the supply gap from shunned Russian crude. At the same time, he warned of punishing financial penalties for companies slow-walking projects involving federally owned oil prospects.

Exxon said Monday that first-quarter results may have been as much as $2 billion higher than earnings during the final three months of 2021, when the company raked in $8.8 billion, according to a filing.

Surging oil prices were the main driver, with natural gas and fatter refining margins also contributing. International crude futures touched a 14-year high of almost $140 a barrel during the quarter.

Separately, Exxon formally approved the $10 billion Yellowtail development off the coast of Guyana after receiving government and regulatory approvals. The project is the fourth and largest in an area known as the Stabroek Block, and is expected to pump about 250,000 barrels a day starting in 2025.

Exxon also disclosed that exiting the Sakhalin-1 oil development in Russia’s Far East may trigger a writedown of as much as $4 billion. The company recently pledged to quit Russia due to international sanctions and what the company’s Chief Executive Officer Darren Woods described as the nation’s “needless destruction” in Ukraine.

Exxon shares fell 0.7% to at $82.55 11:23 a.m. in New York.

https://www.chron.com/business/oil/article/Exxon-May-Take-4-Billion-Writedown-on-Its-Exit-17056524.php?source=patrick.net

1. Democrats shutdown the majority of small businesses in blue states.
2. Make "special rules" that only big box stores like Costco and Walmart etc and gas stations can remain open.
3. Make sure this happens on and off for 20 months.
4. Corporate Profit!

DooDahMan says

I knew I’d made a huge mistake less than a week after moving in when we found out that the central AC was basically just for decoration — none of it had even been installed..

How does one miss this even while walking through?

SunnyvaleCA says

I know so foreigners who were shopping houses here and didn't realize property tax is forever until you die. What a surprise that would be when the first bill comes!

They don't have property taxes in foreign countries???

Should I charge my e-car or mine some crypto?

Good to know I'm being environmental.

zzyzzx says

hopping houses here and didn't realize property tax is forever until you die. What a surprise that would be when the first bill comes!

They don't have property taxes in foreign countries???

Yeah kind of odd. If the agent walkthrough didn't catch it, for sure the inspection would have (unless that was waived for some reason). Definitely would have caught it during final walk through as initiating the heater and AC is one of the first things I usually do during that stage.

Another category:
People who are never happy and always find something to bitch about...i.e. They left a bunch of junk, like old tires, used paint, and broken tools. To top it all off, any changes we dare make are met with a nasty attitude from my mother-in-law because she still thinks of it as her house — no matter how many years we've owned it for."
Find a place to dump that shit and tell the MIL to go fuck herself.

Mining and burning coal to mine imaginary coin seems like peak clown world for environment.

and just like that, the story is going to be buried by the MSM.

DooDahMan says

validated gang members

What is a "validated" gang member? Is there a state license and a community college course?

Probably safer in Kyiv right now.

It is clown world to use real energy to “mine” ones and zeros.

Al_Sharpton_for_President says

DooDahMan says

Sacramento police announced the first arrest Monday of a suspect

White supremacist.

black face of white supremacy.

PeopleUnited says

It is clown world to use real energy to “mine” ones and zeros.

The crazy thing about crypto, is you need to energy just to make the "currency" continue to exist. It's all sorts of crazy.

Smiley Martian, the second shooter and brother of the first was arrested. Negros gone wild! Smiley had a machine gun.

zzyzzx says

Probably safer in Kyiv right now.

Yup. It's why Chicago is on my ban list outside of hitting up the airports. No interest in going to a major city anywhere in this country right now.

Actually some of this shit is getting brought to the country by me. People are flat out stealing ATM's. We don't have cops on duty overnight. Criminals are getting substantially more brazen. But hey, defund the police. The older I get, the more I realize how much shit you can get away with on so many levels. It's why I have massive trust issues.

Did they let them go with penny bail?

That's muh Cuz, dawg.

It was a mostly white dying, so a justified act of reparations.

HeadSet says

What is a "validated" gang member? Is there a state license and a community college course?

Might as well, and get them to be bonded, too.

It seems to go without saying that as soon as you 'give away' your money in exchange for a promised future benefit, they guy who took the money starts inevitably plotting in some manner he thinks he can get away with to eliminate you and keep the dough. It doesn't matter if it is insurance, private business, or government.

Currently, the Globalists have decided the age limit for useless eaters is 60 or so, after which they are too expensive and cumbersome to keep around. Saves a lot on medical expenses, benefits, and social security outputs.

Supposedly, the Globalists have plundered the pension funds of Europe so badly, that there is not enough to cover the obligations, and they don't want the pensioners to find out. The best way is just to find a way to eliminate the pensioners. I wonder if there is some kind of eco-friendly vaccine???.........

Except for the elite, of course, who will get harvested organs, stem cells and adrenochrome for their aging bodies as long as they will last. David Rockefeller reputedly had multiple heart transplants to keep him going.

Life is short, ugly, idiotic, and bereft of forebrain and collating cortex, but rich in reptilian reflex brain. Fire it up with testosterone. What's not to like? Just keep pumping that come into the welfare twats from 12 to 18, and hope the progeny make it past 20. Just like medieval times.

This is how you achieve the 20 million dollar lifestyle they show in all those tv adverts.

If you discount the fake accounting, take into account real inflation, and the decreased economic activity because of the latter, we're already in a recession.

We are miners, crypto miners
To the data center we must go
Pour your bottles on our shoulders
We are marching to the slow...

Is this the 'real' recession or the MSM recession?

Of course the companies made money; do you think that people saved the free money from the government? No, they spent it at Walmart and Red Lobster, etc.
I'm wondering what will happen in 2023 when people feel broke from high rent and gasoline taking away their "disposable income".
But they sure love to dispose of their money don't they?

clambo says

I'm wondering what will happen in 2023 when people feel broke from high rent and gasoline taking away their "disposable income".
But they sure love to dispose of their money don't they?

The peasants are already complaining. They voted for Sleepy Joe, and now are complaining that rents and gas are making life unaffordable. They even have a hashtag for their twitter account, #rentpocalypse

HunterTits says

You're somebody that Patrick booted off before, aren't you?

Dan?

I've been wondering about this one as well.

Goran_K says

The peasants are already complaining. They voted for Sleepy Joe, and now are complaining that rents and gas are making life unaffordable. They even have a hashtag for their twitter account, #rentpocalypse

And now they will want Sleepy Joe and company to push rent control.

Goran_K says

porkchopexpress says

Goran_K says

As a former Nevada resident who "cashed-in" in this crazy market, you have to be careful with places like Vegas. In terms of volatility, Las Vegas tends to be near the top of the list when there are market corrections.

Definitely a great time to sell, pretty much anywhere, at the moment.

Dude, welcome back. Where the hell you been?

Porkchop!!!

Been a while. I sold my Nevada property and moved to Texas to pursue another business interest. I love Texas. I didn’t wear a mask or get jabbed for the past 20 months. No one gives a shit where I live.

I did get COVID, slept for 3 days and was back on the treadmill by day 4.

Awesome dude. Glad to know you're alive and well.

From my observation, houses are sold by monthly payment, including PITI. For example, a home in Virginia has the same monthly payment as an equivalent home in Omaha, but the Omaha home has a much lower price. The difference in price is caused by the rather high property tax in Omaha, so the price must be lower to keep PITI the same. I would suspect the same would happen with interest rate. A house will have the same monthly payment whether the interest rate is 3% or 7%, it is just with the higher rate the price will fall. At the same PITI, I would rather have a lower price at a higher rate than a high price at a lower rate. Much easier to pay off the mortgage that way.

No doubt we will, once again, experience a 'soft landing'?

No way fed can catch up with its own manufactured inflation.

Investors should be taxed at much higher tax rates vs homeowners who can not compete with business for a shelter. Bad policies create lot of pain for many.