patrick.net

tatupu70 says

Somehow those two statements don't quite add up...

I would rather have my cash.

There are so many opportunities today that I would rather invest in than sit on the pettily little cash flow from the properties.

The house cleaning business Bob keeps making fun of is a good example. We built it from scratch, but could buy out a dozen little companies who went into this business when they found themselves unemployed.

Unemployment is a terrible thing, and people need help today getting a pay check.

To me that is a better use of my time than collecting rent on assets that may well lose value.

We'll see.

I agree David. A well run business is the most efficient use of capital. Parking it in real estate is a brainless move that will either be penalized or rewarded as capricious and arbitrary policy and market forces dictate.

Carolyn C says

I think that these women from Asia are not as great as they are made out to be. They see foreign men as a meal ticket and are willing to do ANYTHING for it.

The problem with Asian women is that when I have sex with them, I'm horny again in half an hour.

I think we just hit the bottom. I picture the Dow and S&P going down 20% while gold starts to reestablish its gains.

David Losh says

I would rather have my cash.

That's fine, but are you cash poor or do you more money than you could spend in a lifetime?

Recent Dow day is Friday, August 16, 2013

Carolyn C says

That too is a generalization

Yeah Carolyn, insinuating that all (or even a majority of) foreign women are potential gold diggers, awaiting to divorce their fella upon receiving the green card, is almost akin to the pot calling the kettle black.

One important point which is sometimes missed in American male/Foreign woman marriages is that the divorce rate hovers near ~20% vs the 50-60% standard for American male/American female. So while there's no perfect situation, I'd at least feel better knowing that that's an 80% chance of success than less than half.

tatupu70 says

David Losh says

I would rather have my cash.

That's fine, but are you cash poor or do you more money than you could spend in a lifetime?

Hey Igor70,
Why don't you ask Roberta how much Bernanke bux he's got saved up for a rainy day.

Facebooksux says

Hey Igor70,

Why don't you ask Roberta how much Bernanke bux he's got saved up for a rainy day.

If Roberto wrote that he was cash poor then followed up with a statement saying he has enough money to last a lifetime, then I will.

PS--calling me Igor instead of tatupu is pure comedy gold.

PolishKnight says

Hahahaha! Yeah, look at the great economy that these women are producing and the rising standards of living,

Well my wife started a business with 50k in savings back in 1999. Today that business employs over 30 people and her take home profit last year was almost 500k.
What about you? As a white male I'm sure you have a similar story, only even more successful, right?

rooemoore says

Well my wife started a business with 50k in savings back in 1999. Today that business employs over 30 people and her take home profit last year was almost 500k.

What about you? As a white male I'm sure you have a similar story, only even more successful, right?

What kind of company? I have money to invest.

Dan8267 says

Carolyn C says

I think that these women from Asia are not as great as they are made out to be. They see foreign men as a meal ticket and are willing to do ANYTHING for it.

The problem with Asian women is that when I have sex with them, I'm horny again in half an hour.

Who cares? You look like a fat ugly slob. Gross, keep your bodily experiences to yourself.

Great! Now I can't get that image out of my head!

Carolyn C says

Dan8267 says

Carolyn C says

I think that these women from Asia are not as great as they are made out to be. They see foreign men as a meal ticket and are willing to do ANYTHING for it.

The problem with Asian women is that when I have sex with them, I'm horny again in half an hour.

Who cares? You look like a fat ugly slob. Gross, keep your bodily experiences to yourself.

Great! Now I can't get that image out of my head!

http://www.youtube.com/embed/YsC0HBYWD1M

Carolyn C says

Gross, keep your bodily experiences to yourself.

Reminds me of a conversation with a female coworker a couple of years ago when I was enjoying a healthy and fulfilled single sex-life. For some reason women reserve the rights to be offended when male coworkers talk about anything remotely sexual that is in no way involving said women. It has some sort of taliban-esque undertone for me as only they have the right to define what is appropriate and what's not. They are also usually the quickest to lash out personal attacks on looks and character (see your post above) and are rarely held accountable by the same standards as men are. Don't feel offended by sexual talk, instead embrace the babylonian goddess that is still somewhere in you but has been lost and forgotten throughout the dark ages of feminism - you can do it! ;)

Dan8267 says

Luckily, we men get better looking with age. I'm appreciating that fact to its fullest.

The only thing better looking about the average older man is a potentially fatter wallet.

rooemoore says

Well my wife started a business with 50k in savings back in 1999. Today that business employs over 30 people and her take home profit last year was almost 500k.

What about you? As a white male I'm sure you have a similar story, only even more successful, right?

Not a similar story, no. I was on my own at the age of 19 with the shirt on my back. I studied computers in my spare time and got an entry level job at the age of 22. I worked up from that to become a successful father and husband. I know I could have, and should have, done more but I'm a net contributor to my community and relationships especially considering what I started with.

Yeah, it's great that your wife did well (no affirmative action handouts or quotas or daddy helping her through school, right?) but for every one of her, we hear excuses that the Trayvon's of the world who go gang banging are excused by their backgrounds or the welfare mothers need free daycare before showing up for work.

So what do I mean by that? A neighborhood made up by people like me allowed entrepreneurs to exist. Try to set up your wife's business in, say, Detroit. Or in any other inner-city matriarchy. This European-American funded equality fantasy is fun, while it lasts.

New Renter says

Dan8267 says

Luckily, we men get better looking with age. I'm appreciating that fact to its fullest.

The only thing better looking about the average older man is a potentially fatter wallet.

I don't think that's the only thing. Up to a certain age you do get sexier if you keep in shape, e.g. salt and pepper hair ;)

Rin,

I did not intend offend good hearted honest foreign women. It's just my observation that some of these foreign women are susceptible to materialism the same as American women. I believe there is no distinction between a women in the US that marries for millions and a person in Asia that marries for a home and a meal. They both are in it for material possessions.

PolishKnight says

So what do I mean by that? A neighborhood made up by people like me allowed entrepreneurs to exist. Try to set up your wife's business in, say, Detroit. Or in any other inner-city matriarchy. This European-American funded equality fantasy is fun, while it lasts.

I agree that the middle class - what's left of it - is important to the overall strength of our economy.

As for my wife, she came from a lower middle class, broken home. Paid her way through college, as did I. No quotas, government loans or grants, or anything other advantage that a man wouldn't have gotten. She's just really smart, creative and talented. And she works really hard too. (harder than me as I waste WAY too much time here)

So what, she either runs a bean counter business, (justifying outsourcing man), or made up some consumerism crap that mostly other women buy.

PolishKnight says

Hahahaha! Yeah, look at the great economy that these women are producing and the rising standards of living,

Well my wife started a business with 50k in savings back in 1999. Today that business employs over 30 people and her take home profit last year was almost 500k.
What about you? As a white male I'm sure you have a similar story, only even more successful, right?

everything says

So what, she either runs a bean counter business, (justifying outsourcing man), or made up some consumerism crap that mostly other women buy.

Like I wrote - she employs more than 30 people and takes home about 500k a year. No big deal, right? You do a lot better than that, right?

BTW, learn how to use the "quote" link. Otherwise, your posts will be confusing. Then again, no matter what you do, your posts will probably be confusing.

rooemoore says

Like I wrote - she employs more than 30 people and takes home about 500k a year. No big deal, right? You do a lot better than that, right?

Escort services make a lot of money!

hanera says

grywlfbg says

For me I don't think the recovery is sustainable and we will slide back into recession and see the dow ~8,000. The Fed and their cronies have managed to roll the boulder back up the hill for much longer than I thought possible.

Please elaborate if possible. Why do you think they can't do it forever? So are you expecting hyperinflation, depression or stagflation going forward, say, 1 year from now?

Because the cracks are starting to appear. Bernanke knows he's painted himself into a corner. Interest rates are rising and he's all out of ammo. He has no choice but to start tapering even though the economy is not ready to walk on its own.

The financial markets (including housing) are moving in opposition to what the (main street) data is telling us. Based on labor participation rates we haven't recovered since 2008. People have just been dropping off the rolls and/or being moved onto disability. The only reason it doesn't look like 1934 out there today is programs like Food stamps. We have all-time record numbers of people on government assistance. Who's going to buy all the houses? Oh right, I forgot, the Chinese. Yeah, because their economy is doing so great.

As I stated in my first post they have managed to keep the party rocking way longer than I thought possible. But that boulder will roll back down the hill. Why? Because is ALWAYS does. In every empire in the history of humanity.

PolishKnight says

It's the main reason I and most other white males have flown the Democrat party but, sadly, even Republicans don't seem to care about us so much.

It is good you have realized that the Republican establishment really does not give a damn about working class white males. They just like to get that demographic sufficiently riled up about some cultural distraction that said demographic will vote against their own best interest. One such distraction is the whole "welfare queen" propaganda.

But, yeah, the Democrats are not doing men any favors, either.

Here is what non-wealthy white people voting Republican should think about: Was the ability to delay gay marriage by 8-12 years worth the death, destruction and cost of the wars in Iraq and Afghanistan? That is is essentially the choice you made when voting for George W. Bush.

And in the name of equality, I'll pose the same question to gay marriage activists: Was making a fuss about gay marriage in 1999 worth loosing 1% the vote and therefore ensuring the aforementioned same wars? I think not.

grywlfbg says

Interest rates are rising

http://research.stlouisfed.org/fred2/series/DGS10

and he's all out of ammo.

LOL

Based on labor participation rates we haven't recovered since 2008.

That's counting old people. Don't count old people, they're retiring now.

http://research.stlouisfed.org/fred2/series/LNS12500000

is the picture of the recovery. Weak sauce, but just like the first half of the 1990s, really.

But note the age 25-54 population peaked already:

http://research.stlouisfed.org/fred2/graph/?g=lxC

so things aren't quite as bad as that.

The only reason it doesn't look like 1934 out there today is programs like Food stamps.

And also http://research.stlouisfed.org/fred2/series/FDEFX

Who's going to buy all the houses?

http://research.stlouisfed.org/fred2/graph/?g=lxA

baby boom echo is turning 30 soon . . .

I'm tired of hearing the bitching & moaning.Everything would be sunshine & lollipops if the BUMS would get off their LAZY ASSES & get a third part time job.

A third part time job will eliminate third party collections. Just a bunch of LFs.

Carolyn C says

I did not intend offend good hearted honest foreign women. It's just my observation that some of these foreign women are susceptible to materialism the same as American women.

Yes, what you're referring to is something akin to a Wendy Deng, Rupert Murdoch's social climbing Ivy-educated wife. But here's the thing, I think that this personality type, at least coming out of either Asia or South America, is developed during one's teens or early 20s. Pretty much, everyone knew that Wendy was a b*tch from the get-go. Usually, if it's not established at the core personality, by ages 22-25, then it's not as common as you think.

Now, in the USA, this sort of behavior is encouraged throughout a girl's upbringing, esp during those years, ages 16-19, where they get sneaked into bars/clubs without id cards with their gal power friends while at the same time, going for the thrill seeking gangster/bad boy persona. BTW, my own flesh-n-blood sister is one of these types. When a critical mass of this sort of behavior ensues, then what you have is a culture of American women, who don't make for good spouses and the net result is a divorce rate, hovering over 50%.

In contrast, it's 20% with a foreign woman. Thus, the Rupert / Wendy breakup is a minority event and not a flip of a coin. I know of plenty of marriages between American guys and Asian or South American women and those marriages have held up pretty strong now, for a good number of years. At least 1/2 to 2/3 of the American-to-American marriages I know of, are broken homes today, for will be, just a few years down the road.

Yeah this whole notion that you can marry somebody and after a few years expect him to maintain you in the lifestyle you are used to -while not giving anything in return -is absurd.

You have people like Meg Whitman, Carly Fiorina who have risen in so called male dominated field. That is what equality means-you have choices. Now if you fail-it is your responsibility-not the man's. Why does the woman not be forced by law to keep the man in the lifestyle he was used to??
Time to restore the balance. But the problem is the dems have become the women's party and republicans are stuck in the stone ages and are concered about things such as abortion, birth control and gay marraige. If the republicans become a bit sane and start appealing to the troubles of the modern man-they would be a lot more supporters.

Now I have choosen to be with someone who is as capable as me in pulling in an income and has family money. But someone in their 20s may not be that wise and may end up paying a price for life. The govt in America is in everybody's business and has gotten to be too big.

justme says

Here is what non-wealthy white people voting Republican should think about: Was the ability to delay gay marriage by 8-12 years worth the death, destruction and cost of the wars in Iraq and Afghanistan? That is is essentially the choice you made when voting for George W. Bush.

And in the name of equality, I'll pose the same question to gay marriage activists: Was making a fuss about gay marriage in 1999 worth loosing 1% the vote and therefore ensuring the aforementioned same wars? I think not.

It's called divide and conquer. Voting in the US is an illusion. Now when do we get that 2nd party?

tatupu70 says

That's fine, but are you cash poor or do you more money than you could spend in a lifetime?

Geez!

Cash on hand is different than money. Money is any type of equity.

That equity can also turn to losses.

If I do nothing money can continue to come in from Real Estate holdings, but my cash can buy me greater opportunities, in my opinion.

Bellingham Bill says

baby boom echo is turning 30 soon . . .

Great rebuttal, and I agree that things aren't as bad as some people make out.

I think that the economy is shifting, and the 30 somethings will be living a more mobile lifestyle.

I just don't see the future of having a house, two kids, and a dog.

So whats his name?
lostandconfused said:
I have choosen to be with someone who is as capable as me

Let's do everything possible to stop the coming real estate implosion of overpriced houses.

MrEd says

So whats his name?
lostandconfused said:
I have choosen to be with someone who is as capable as me

You have a point ?

Early am

mell says

For some reason women reserve the rights to be offended when male coworkers talk about anything remotely sexual that is in no way involving said women.

Don't talk about sex at work and you shouldn't have any problems.

lostand confused says

Why does the woman not be forced by law to keep the man in the lifestyle he was used to??

She is. If she was the breadwinner and the man was a homemaker, or if she made significantly more than him, she would owe him alimony, child support and she would be giving up half of the assets that her money bought.

lostand confused says

But someone in their 20s may not be that wise and may end up paying a price for life.

No, many are not but presumably his or her spouse would have been supporting them while they were achieving their greatness. Someone has to cook dinner, wash the socks, even work part time when the other spouse is in college. I guess you could call it an investment in your spouse that you get a return on no matter what.

jessica says

Don't talk about sex at work and you shouldn't have any problems.

Sure, but why? Totally arbitrary. I really don't want people to talk about Dr Phil or Oprah at work. Doesn't mean I should have the right to shut up a conversation between 2 coworkers that I accidentally overhear.

http://www.theblaze.com/stories/2013/03/22/donglegate-woman-fired-for-reporting-offensive-jokes-men-made-at-tech-conference/

Two people fired (incl. the "offended" woman) for political correctness bs like this? No wonder the economy is stuck. There are people working their asses of for minimum wages who don't have the privilege to attend posh conferences during work, and that woman, instead of being grateful for having a well-paid tech job, feels "offended" by a conversation she happens to overhear? Political correctness is the scourge of the 21st century, and feminism is partly responsible.

David Losh says

I think that the economy is shifting, and the 30 somethings will be living a more mobile lifestyle.

That would be me and friends...and I don't see that changing at all...

SubOink says

David Losh says

I think that the economy is shifting, and the 30 somethings will be living a more mobile lifestyle.

That would be me and friends...and I don't see that changing at all...

Do you and your friends expect to have your current jobs for a lifetime?

No? Then you might be moving

Are you willing/able to commute 1-2 hrs each way each day should your job change?

No? Then you might be moving.

Is your and your friends' local industry so entrenched they will never decide to move to lower cost of living areas?

No? Then you might be moving.

Might you or your friends one day have a lifestyle change (divorce, kids, disability, etc.) and decide your current house no longer satisfies your needs?

No? Then you might be moving.