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45044   donjumpsuit   2014 Apr 5, 12:51am  

"Forming"

LOL

I love reminiscing about late 2011

45045   MAGA   2014 Apr 5, 1:27am  

Property taxes here in Texas are "out of sight". The good part is that we don't have an income tax.

45046   JH   2014 Apr 5, 2:12am  

donjumpsuit says

"Forming"

LOL

I love reminiscing about late 2011

All the discussion now sounds just like 2005. For which reason I am no longer concerned prices will stay at this level much longer.

45047   JH   2014 Apr 5, 2:15am  

jvolstad says

Property taxes here in Texas are "out of sight". The good part is that we don't have an income tax.

2% is tough. You realize that you are paying the same tax rate ($4k) for a $200k house as a Californian is for a $400k house.

The difference is that this doesn't exist here:

http://www.zillow.com/homedetails/1610-Hays-St-San-Antonio-TX-78202/26114179_zpid/
That was a foreclosure!!!!!

But seriously...this doesn't exist right now either ($2k annual taxes):
http://www.zillow.com/homedetails/4702-Debbie-Dr-San-Antonio-TX-78222/26310336_zpid/

45048   Strategist   2014 Apr 5, 2:23am  

Call it Crazy says

Jersey is a hell and shit hole, but I deal with it and make our own opportunities... Until the wife's parents die off, I'm stuck here... so, we just make the best of the situation.... The decision we made on our current house puts us in a really nice situation, so it's tolerable (and I'm farther away from the in-laws)... :)

So what happens after the in-laws go to in-law heaven?
Florida? You don't have to shovel snow in March, your wife can have her pool year round, and you can take off on your boat with a girl friend.

45049   New Renter   2014 Apr 5, 7:05am  

jazz music says

I don't much care who we replace them with at this point.

OK, vote me in!

I'll be happy to line my pockets at the expense of everyone else while enjoying the cornucopia hot interns (female only please) lining up outside my door for the pleasure of serving my most hedonistic needs AND the finest healthcare at taxpayer expense. Lets not forget private jets to wherever on all expense paid "fact finding" missions (preferably with several of the aforementioned hottie young interns).

...But at least I won't be a Republican.

45050   Strategist   2014 Apr 5, 7:09am  

Call it Crazy says

sbh says

It's got a "head"..... Does that count??

I don't know for boats. Seriously, though, what 's the name of yours?

It currently doesn't have one... and I think I'm going to leave it that way....

Call it "crazy"

45051   New Renter   2014 Apr 5, 7:17am  

hrhjuliet says

Makes sense, but somehow Facebook got everyone to leave MySpace, and now all my students live on Instagram. The question is how did they do it?

Subliminal messaging.

Plus animal sacrifices.

45052   Reality   2014 Apr 5, 7:37am  

sbh says

Reality says

decorum

Oh, it's decorum you want? Well, dear chap, it's definitely not on, don't you know, to reckon the value of any school of teaching by toting up the number of government jobs it does or doesn't create, correlate to, or coexist with. It don't enter into it. It's a stupid metric. How do you do that non-number non-measurement thingy you do?

Job prospects induce the creation of educational tracts/disciplines. Not the other way around. The metric that you are thinking of only exists in your own head. So stop projecting. You are your own most effective critic.

45053   Reality   2014 Apr 5, 7:45am  

sbh says

Reality says

Did you mean brainwashing?

No, dear boy, you did. I am an atheist, but philosophy of religion definitely requires one to think. You are the one who defended religion as a palliative to sociopathy. But when it could be employed to limit your malady you suddenly disavow its application.

Go back to read my original post. I was talking about historical education consisting of reciting scriptures . . . as education was for the bulk of the history of institutionalized education existed in human society. That does not "TEACH ONE HOW TO THINK" in any liberal thought-provoking sense.

As for religion as a palliative to sociopaths with criminal tendencies, no kidding the idea there is brainwashing! so that the criminal mind doesn't get too creative and cause the rest of the society havoc. It's just like sedatives administered to subjects with homicidal and suicidal tendencies.

45054   Reality   2014 Apr 5, 7:50am  

sbh says

Reality says

At $200k for a bachelor's degree, not many families can afford that kind of money for kid's cultural enrichment.

OK so now you want to attack modern education? Government still exists you know? Gonna change your angle? What do you care about the 200k? It's the same as a Lamborghini that has no back up camera or rear view mirror. Pricing power, grasshopper, deal with it.

$200k in today's dollars is the equivalent of 4 years of median household income. That is actually comparable to the cost of a university degree for most of the history that universities have existed. The cheap college education for the last half century was actually an exception in human history. Given the high cost of advanced education throughout most of human history, the idea that parents send their kids to pursue university degrees for cultural enrichment is simply not realistic for the bulk of human history. Most families had to save and pool resources to pay for the junior's education (usually one among several kids chosen to get the bestowment) as a form of investment, a big investment. As any investment, the investors want returns.

45055   bob2356   2014 Apr 5, 7:51am  

JH says

jvolstad says

Property taxes here in Texas are "out of sight". The good part is that we don't have an income tax.

2% is tough. You realize that you are paying the same tax rate ($4k) for a $200k house as a Californian is for a $400k house.

You are paying the same taxes, not the same tax rate. You also only get 200k when you sell.

The 2% number is wrong. There are additional property taxes locally that are not accounted for in the ad. I've been paying between 2.9 and 3.1% for my properties in south Texas. Which is double what they were 6 years ago. Plus insurance that went from 800 to 1900 while dropping flood coverage in the same time frame because of hurricane fears (absurd, I'm 30 miles from the gulf) is why I will selling the last of my houses in texas in 2 weeks. The extra $2500-2800 a year on 120-130k properties renting for $1200 knocks he crap out of roi. I can do better other places.

45056   Reality   2014 Apr 5, 7:54am  

sbh says

Reality says

it's silly to structure a society

According to you structure is fascism.

You are just committing intellectual dishonesty by truncating my original sentence:

"It's silly to structure a society or build incentive systems based on irrationality."

If you want to make a case that it is a good idea to structure a society based on irrationality, please do go ahead and make a fool of yourself.

45057   Reality   2014 Apr 5, 8:00am  

sbh says

Reality says

You actually have no basis to make an assessment on whether I always act based on rational calculations (sometimes I actually do not)

In truth I think you are a narcissistic sociopath who can only view human beings as transactional inputs. You're seriously creepy. As most fanatics, you see satan-government changing reality itself. It bends light; you see it poking its head out of your sister's blouse; it makes the floorboards squeak; it is evil incarnate. Your passionate illness needs a name. Misesogeny? Rothtardation?

Your diversion into content-free personal attacks is only showing your desperation at running out of intellectual depth. Treating hypothetical individuals as rational self-interest seekers is the basis of any economic analysis. It does not mean that I always abide by that rationality all the time, but the exceptions are considered noise when sufficient numbers of people and time span are given for analyzing the social consequences of policy choices. The leading school in this line of thinking is actually Public Choice School, not Mises or Rothbard. Your atavistic thought process is leading you down a path where you will have to refute pretty much every school of economic thought.

45058   Reality   2014 Apr 5, 8:16am  

hrhjuliet says

The world needs art, culture and philosophy - now more than ever. If you plan to eliminate all three from our society you would soon see the terrible results.

Correct . . . therefore there should not be a high price and high barrier to entry to the pursuit in these fields. Formal institutionalized education in these fields at high cost to students and families may well be a dis-service to the fields. To that list I would actually add medicine as well. Nowadays it's getting to the point where charity hospitals can no longer stay in business because they can no longer afford to hire medical school graduates with enormous educational debts.

hrhjuliet says

And before you leave the market place, see that no one has gone his way with empty hands.

Is that to be accomplished through voluntary exchanges or through the introduction of an abundance of enforcers who come to the market with nothing but weapons? That is the key, and the answer to that question often marks the difference between the markets of plenty vs. empty shelves. Enforcement is not a zero-cost option, but a very high cost tool, sometimes a necessary evil, but always at very high cost.

45059   Reality   2014 Apr 5, 8:30am  

hrhjuliet says

I do not feel stuck in California because of my job. I would list my job among my issues that make me feel trapped here, but it's far beneath my family responsibilities that keep me here. I'm a conservator of my blind brother who should not be moved, and my aging family lives here, among other family issues.

What about the alternative scenario: moving the entire extended family by selling all real estate holdings in the expensive area, then move to a much less expensive area and use the price difference to get more amenities and helpers?

My business is built on almost two decades of hard work and goodwill, and it is the type of business that is limited to the clientele being within driving distance. There is literally nothing I could take with me from my business if l move except experience. My husband is also invested, and his job is anchored here, and I still rank family concerns among my biggest obstacle towards leaving the Valley.

Some of your clientele may well be paying your service with their home equity LOC. There is some advantage in staying in a high income and high COL area during one's peak earning years. For retirees and people effectively retired, staying in high COL area makes much less sense.

45060   JH   2014 Apr 5, 9:25am  

bob2356 says

You are paying the same taxes

Yep, but a Texan first said, taxes are 'out of sight'. They are not. The tax rate is but that means absolutely nothing. My mom pays 5% in a Chicago suburb for shit services and a 135k home. That amounts to as much TAX as a typical 500k home here in OC with great schools, roads, etc. Tax rates are adjusted for home values. In the middle of Illinois, we paid 2%, also, just like Texans do.

On top of having the same taxes as you, we pay essentially 5% state income tax to 100k, and then it goes up from there. That's more than property tax.

Calling Texas property taxes out of sight is simply crap. It's cheap to live there for about a billion reasons.

45061   tatupu70   2014 Apr 5, 9:34am  

JH says

My mom pays 5% in a Chicago suburb for shit services and a 135k home.

What suburb does she live in a 135K home?? You can hardly get a house for that in the crappiest near south burbs.

And nowhere do you pay 5%. You're telling me she's paying $6750 on a $135K house?

45062   lostand confused   2014 Apr 5, 9:46am  

tatupu70 says

And nowhere do you pay 5%. You're telling me she's paying $6750 on a $135K house?

While that is high even for that region , it is not that uncommon really-especially if they haven't disputed their taxes in a while.

On prices, if you look in realtor.com and Chicago and SFH under 130k-you get over 2,000 listings. Now of course Rahhm is going to increase taxes and reduce services at the same time-what a charming combination!!

45063   tatupu70   2014 Apr 5, 9:56am  

lostand confused says

While that is high even for that region , it is not that uncommon really-especially if they haven't disputed their taxes in a while.

OK--I take it back. I looked at some south suburbs and he is correct.

45064   lostand confused   2014 Apr 5, 10:03am  

tatupu70 says

I'm from that region and have family there and I find it almost unbelievable

Not really. With prices going down so much, the tax assessments are not matching the downward trajectory as rapidly. Take a look at Zillow or realtor on decent houses-list prices vs property taxes. You will find a few approaching that figure/rate. Disputing is a pastime, but still it takes a while.

now of course 3%+ is almost standard especially collar counties of Cook. Cook was a bit less I believe , but Rahm is going to make up for that.

Though in Indiana I believe they have a cap or maybe just counties on the amount I think?

I am surprised residents put up with this crap though.

45065   JH   2014 Apr 5, 10:08am  

tatupu70 says

crappiest near south burbs.

Yep

lostand confused says

collar counties of Cook

Yep

lostand confused says

Cook was a bit less I believe

Nope

lostand confused says

the tax assessments are not matching the downward trajectory as rapidly

It's incredible. Last year the assessment went down by X amount (50%-ish), and the tax rate went up by Y. Amazingly, the tax bill was IDENTICAL!!! To the penny.

lostand confused says

I am surprised residents put up with this crap though.

I've been wondering this for years now.

45066   Tenpoundbass   2014 Apr 5, 10:25am  

People are generally Cheap bastards, I don't belive that bidding wars happen by accident, nor do I belive that buyers are presented with facts, when they place the offer.

I mean I believe that Realtors are telling potential buyers that a house has offers over $320K To get them to bid $330 or more, while the current bid be no more than $295K.

The whole contract and buying a house, should be an online transparent affair. Where people can go to a website(That is paid for by the millions of taxes already collected) and bring up any house, and see a list of offers. Hell while we're at it, you should be able to place a bid for that house as well.

I bet we would never have a RE bubble with that type of system.

Realtors are trained to attack people's fears and emotions, while they are most venerable, and manipulate them into placing high bids out of fear of not being able to ever buy a house.

I would be what would happen is the Housing market would behave more like Ebay. Where hot markets are expensive because the rich who live there. But I don't think a shitty Burbdale ranchero, would not be over 200K in most markets, and well under 100K in many other markets.

In the same way that hot items on Ebay are expensive, like classic musical instruments like Moog and Hammond can fetch thousands, but just any Radio Shack or Sears Electronic musical equipment from the same era.

A public bidding system would also paint a telling picture of how the Investor class are getting a better deal, and make you wonder who's financing them. And why aren't they sharing the same property tax burdens the rest of us are?

45067   JH   2014 Apr 5, 11:09am  

CaptainShuddup says

I would be what would happen is the Housing market would behave more like Ebay.

Health care and gasoline should also be run this way, on ebay. There is no free market in real estate, health care, gasoline, and I'm sure others could be added to that list.

45068   Strategist   2014 Apr 5, 1:02pm  

JH says

CaptainShuddup says

I would be what would happen is the Housing market would behave more like Ebay.

Health care and gasoline should also be run this way, on ebay. There is no free market in real estate, health care, gasoline, and I'm sure others could be added to that list.

Banking, and drug companies.

45069   Reality   2014 Apr 5, 1:38pm  

sbh says

Correct . . . therefore there should not be a high price and high barrier to entry to the pursuit in these fields. Formal institutionalized education in these fields at high cost to students and families may well be a dis-service to the fields. To that list I would actually add medicine as well. Nowadays it's getting to the point where charity hospitals can no longer stay in business because they can no longer afford to hire medical school graduates with enormous educational debts.

It cannot be "high" because it is simply the pricing power of the service in the marketplace. Now, do what you always do and walk backward down the labyrinth of presumption and specious definition and try to pin the cost on the existence of government. Go on. You have no other purpose in life, so get on with it.

In case you did not notice, the cost of formal institutionalized education in those particular fields are already way too high. Students at a young age are being encouraged to take on non-discharge debts to pay for those educations of dubious market value after graduation.

45070   Reality   2014 Apr 5, 1:40pm  

sbh says


Is that to be accomplished through voluntary exchanges or through the introduction of an abundance of enforcers who come to the market with nothing but weapons? That is the key

It is not the key to anything meaningful. It is but the set-up that you always poison the water with. You don't get to define freedom and you don't get to obliterate reality with your paranoia.

Of course it is. You know it and that's why you truncated the relevant sentences illustrating the point in my original post. Perhaps you were consuming too much alcohol or drugs to remember pictures of the empty store shelves from the soviet union circa 1980's.

45071   Reality   2014 Apr 5, 1:44pm  

sbh says


the answer to that question

is irrelevant to people who's opinion and perspective where at work before you shit on the context and tried to steal the subject and force it back into the prejudice you live in.

You are never intellectually honest. You bastardize every topic and prostitute every concept. You are a one-trick pony selling snake oil at a revival tent, pushing satan into everyone's face, finding him in every aspect of mundane life. Reality itself is altered by government.....you know you believe this.

These charges would be quite appropriately applied to yourself, seeing that you have been repeatedly deliberately taking my statements out of their context mid-sentences.

I'm still waiting for you to mount a convoluted screed that claims Toyota's and GM's culpability in product failure and death is due solely and singularly to over regulation, and then to espouse that all the death's are the responsibility of government. don't let me down.

LOL. In case you did not remember, GM's continued existence is due to the government. In any case, you are out of your mind if you think it takes ascribing all deaths to government to establish that coercion is evil. Since not all deaths are due to rapes, do you consider rape a good thing?

45072   Strategist   2014 Apr 6, 2:33am  

bgamall4 says

I hope, someday, people will take this article seriously because this is seriously evil imperialism at work.

Isn't it Imperialism on Putin's part?

45073   FortWayne   2014 Apr 6, 2:48am  

It wasn't completely failure, Putin got Crimea. We got the rest of Ukraine.

Although I really don't get why the hell are we getting involved in Ukraine. Don't some people have better things to do with their time than undermine other nations?

Just googled that 5 billion thing, wow it really is true.

https://www.youtube.com/watch?v=U2fYcHLouXY

45074   fedwatcher   2014 Apr 6, 4:38am  

You can buy auto insurance direct so why not title insurance.

45075   fedwatcher   2014 Apr 6, 4:43am  

cloud15,

I am familiar with the area. It is nice but to understand the price you have to look at the even more outrageous prices in Sunnyvale, Mountain View, Cuppertino, and Los Gatos. Prices are now above the previous bubble peak.

45076   hrhjuliet   2014 Apr 6, 6:07am  

Oh. Well someone get to it then. That sounds simple enough.

45077   Strategist   2014 Apr 6, 6:49am  

bgamall4 says

Strategist says

bgamall4 says

I hope, someday, people will take this article seriously because this is seriously evil imperialism at work.

Isn't it Imperialism on Putin's part?

No, Putin would not have done this without being aware of the massive money the west provided to destabilize the Ukraine. Putin reacted to imperialism, just like he reacted to imperialism when Russians were attacked in Georgia in an unprovoked fashion.

So Russia steals territory that does not belong to it, and it's America that is imperialist aggressor?
I don't get it.

45078   Strategist   2014 Apr 6, 11:56am  

bgamall4 says

And if you think about it, the globalists are paying for revolution in all the middle east nations, including Syria. The idea is to surround Russia as all Russian allies are displaced. That is a dangerous plan. When your grandchildren glow in the dark from nuclear fallout remember what I said.

Russia is not a superpower anymore. It's economy has been reduced to a third world status. They invent nothing....have no entrepreneurship.....dependent on natural resources....drink vodka all day long.....dismal standard of living....they live in a dictatorship.
We already won the cold war. We don't need to surround them.

45080   Reality   2014 Apr 6, 1:17pm  

sbh says

Reality says

the cost of formal institutionalized education in those particular fields are already way too high.

'by your definition it cannot be "too high" it can only be transacted at its pricing power. You are clearly detached from reality.

Where did you find my definition that you cited? Stop projecting your own silly ideas. Prices can of course become too high when the government is subsidizing the bids, as in subsidizing / guaranteeing educational loans for banksters' benefit.

45081   Ceffer   2014 Apr 6, 1:19pm  

I like to think of them as bankster dick suckling pacifiers. I would hate to think what a truly horny bankster is capable of.

45082   Reality   2014 Apr 6, 1:21pm  

sbh says

Reality says

Students at a young age are being encouraged to take on non-discharge debts

Oh, but when even younger children were being encouraged to die in factories and mines this was the free market path to an increase in the standard of living. There is no lie you will not devote yourself to. Perhaps the only draw back to child labor is that it required no government backed debt. Ah....there's your bogeyman. Don't you feel better now?

Child labor were used in back breaking agriculture for thousands of years before factories and mines. Where was your beloved government in stopping that? There was none to be found. Child labor became unnecessary due to improvement in standards of living in the early 20th century, thanks to the free market achievement. Morons like you praised Osha for outlawing child labor, when in reality Osha did not come into being until the 1970, long after child labor was not only obsolete but also outlawed decades earlier.

45083   Reality   2014 Apr 6, 1:24pm  

sbh says

Reality says

the empty store shelves from the soviet union

have no relevance here, they are just the echo of your trauma rattling around in a hijacked context. Walk it all backwards now, into a period of time seeded with inapplicable conditions that, when run through the presuppositions and biased definitions of your paranoia, you can find satan existing at a molecular level.

You are an utter ignoramus when it come to economics. Just like in the soviet union, government price control cause shortage now in Venezuela and Argentina today! Government price control caused shortage of gas during Nixon era. Government price control caused shortage of gas in NYC during Hurricane Sandy less than 2 years ago! Government price control on entry level labor (minimum wage) is causing mass youth unemployment. You are just too ignorant to notice.

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