patrick.net

they have a lot of weird stuff I’ve never seen anywhere else, particulary various shellfish or seafood items

They have Australian lobsters! At 6+ lb, you need a few friends to help out.

Try as much weird stuff as possible. I think they have at least 4 different types of crab.

Those places sound great. I’ve got to try them once I make it to the BA.

Perhaps we can share an 8lb Aussie lobster? ;)

I’d love to. I really liked the lobster sashimi I had in Shanghai.

Koi Palace definitely has lobster sashimi, although they may not have the right kind of soy sauce and wasabi.

SQT, forgot... congrats!

If it is ever sunny again a lobster/clam bake would be a smashing way to celebrate the demise of the real estate bubble.

IF. It is a very big "if".

I hear the BA is even more soggy than we are, and we’ve been raining non-stop for days.

Rain does not bother me too much. But it was pouring the other day in the freeway. Everyone was driving 30mph suddenly.

Oh heck, if that’s the case, we’ll invade NomadToons2’s new place in Tennessee. Who wants country ham, okra, and southern BBQ?

Who wants country ham, okra, and southern BBQ?

I am in!

I don’t know about okra

What's wrong with okra?

I think I had some that was poorly prepared. It can be slimy if not properly cooked.

It is slimy. But the texture is quite unique.

I think you're in the BA, right? I can't imagine how low gym participation rate would be elsewhere in the country.

I can’t believe so few take advantage of it.

Many employees have free gym in or around their home.

I wonder when the american government will get serious against high fructose corn syrup and partially hydrogenated oils.

We’re not so lucky, so I’d looooove it myself. I run in my neighborhood and use weights that we have a home, but a full gym would be lovely.

It is a matter of choice. If you rent (or own) a house, most likely you will not have a "free" gym. But if you are willing to put up with common walls, you may enjoy "free" gym in the apartment complex.

The last apartment complex I lived in didn’t have one, so I haven’t had the enjoyment of a free gym. Though I do have the benefit of a neighborhood with good running trails, so it all evens out in the end.

Honestly, I much prefer a trail with a good view in a safe neighborhood.

These food additives are worse than tobacco products. At least everyone knows why cigarettes are bad. Most people don’t even think about the impact of a piece of cake with hydrogenated oil or the cumulative effect of fructose from soft drinks.

They also impact kids. Most of the foods most attractive to kids have these ingredients. They start getting sick from the food before they are able to know better.

My work comes with a free gym membership, but I prefer to get my exercise outside of the gym (play with the local soccer club, etc.).

A friend told me about the state of things in Kansas. Apparently the only thing to do there is go to the local Hometown Buffet and eat. Then, they go play softball. (Which, you have to admit, isn't overly energetic.) the end result? Almost every block has a Hometown Buffet and a sports medicine clinic, and the people are still.. well... "cornfed".

What kills me is that until very recently, people bought foods with partially hydrogenate oil in the belief that they’re healthier than butter.

What kills me is that until very recently, people bought foods with partially hydrogenate oil in the belief that they’re healthier than butter.

LARD!

maybe we should invest in lard in anticipation of new FDA guidelines

Are the fat kids just living on fast food?

Probably. As a kid, I ate 4 meals a day and I was not fat. I never had a sweet tooth though.

I got fatter only after I started driving everywhere. :(

SoftestLanding,

Oh, I don’t know. But I bet a lot of realtors will be happy to help you.
(not investment advice)

SoftestLanding,

Download this, study it, show it to your realtor(tm) and ask him/her why you should listen to them instead.

SQT, why is being debt free so special? We still have to buy food and pay for other necessities. These are all streams of negative cashflow, just like debt repayment.

SQT answered:

I think it’s psychological. To be able to allocate funds where we want to vs. where we have to. Obviously there will always be necessities, but as long as we can budget ourselves an keep our purchases well within our means, we don’t have to pay interest on them. Debt free to me means that we can save and make cash purchases rather than put everything on credit.

I agree and would go one further: it's not just psychological. Being debt-free gives you much more power over your life and the freedom to make life/career choices you otherwise could not.

If you're $100K in hock thanks to B-school student loans, plus another $600K in hock thanks to your San Diego 2Bdm condo, are you going to take a job sabbatical and join the Peace Corps for a couple of years? I don't think so. For that matter, are you going to quit and retrain with the long-term aim of getting a better job/career, which has the potential to make you happier or materially better off in the future (but much poorer in the short run)? Not likely. And as a result of your artificially limited choices, both you and society suffers.

You're a slave to your debt, plain and simple. Either you pay down your debts or otherwise get rid of them and voluntarily downsize your lifestyle, or you stay where you are --enslaved to your creditors. And that's just the way the Fed/Pols/lenders want it.

Don't worry ...all the FBs will be on the 'grief diet' soon enough!

"all the FBs will be on the ‘grief diet’ soon enough!"

is that the all Yoshinoya diet?

Partially hydrogenated fats and HF corn syrup will be dealt with only when the food industry sees them as unprofitable to use. Unfortunately, they are still seome of the cheapest ways to produce foods with long shelf life. The one glimmer of hope is a groundswell against these two by consumers.

Excellent point, Skibum.

Unfortunately, there aren't really any good substitutes for hydrogenated fats in terms of it's ability to provide long-shelf life for packaged foods (yet). Of course, resistance to decay on the shelf is one of the reasons why it is so bad for you --it takes forever to break down in the body, and easily converts to artery spackle. I'm not so sure about HF corn syrup --I see no reason why it cannot easily be replaced right now with Splenda or Stevia.

Just a counter-point to being "debt free":

I agree with what HARM and SQT say, except for circumstances when you:

* have all or most of the cash (rather liquidity) to pay the debts should something unexpected come up

* are fairly optimistic about your ability to service the debt, and your optimism is reasonable (for example a new grad can expect their salary to go up by inflation or faster for the first few years of employment)

* the interest rates are low, probably fixed, and you can earn equal or greater amount with low or similar risk by putting your money to work elsewhere

Example, when we bought my wife's new car recently, I found that the cost difference between a new car with factory financing (0.9% fixed 3year loan) and buying the car outright, even assuming we'd buy a used model in that case, we still come out slightly ahead by using the debt. If we get in trouble, we'll just pay off the loan, but using the loan we purchased a brand new car for slightly cheaper (total net present value) than buying a used one outright.

SF Woman wrote:
"Does anyone have suggestions? Batteries? Tie to grid and just put in an automatic propane back-up generator?"

Stay away from batteries (big PITA)... Propane or diesel generators are nice, but if you just want to run a fridge and some pumps the best bang for the buck comes from a couple little Honda gas generators (that's what all my friends with homes in the mountains use)...

I agree with Randy. I definitely take advantage of good financing deals.

@Randy H,

Points taken. Some debt at different points in our lives is unavoidable, or even beneficial, per your interest rate-ROI arbitrage scenario. This however assumes that your average schmo is:

1. Financially literate enough to understand the above.
2. Intelligent/self-restrained enough not to get into debt beyond reason, or take excessive risks to buy frivolous crap.

Randy H & Peter P do NOT = typical American debtor

The new SUVs have backup cameras that show what is behind you on the GPS screen.

This is a good feature. GPS should become standard.

Randy H & Peter P do NOT = typical American debtor

I'm the sort that gets more excited about a good arbitrage opportunity than the superbowl. That isn't typical?

I’m the sort that gets more excited about a good arbitrage opportunity than the superbowl. That isn’t typical?

Umm... suuuure. :roll:

Two points regarding debt:

1. Never use long-term debt to facilitate short-term consumption
2. Understand the risks involved in leveraged investments

1. Never use long-term debt to facilitate short-term consumption

It's just a real good idea to try to match durations wherever possible. Don't get a 5 year loan on a car you'll want to sell in 3 years, etc. If you need to to afford it, you can't.

This raises an interesting issue that has come up as I've been scenario-stress testing "the Bubblizer". I believe I've quantitatively (re)proven the credit-bubble cause for rising house prices. (I say that sarcastically...I should have known better).

I can demonstrate that, because of tax benefits (both interest deduction and no cap gains), you are better off as a home debtor paying off minimal principal, owning minimal equity, and staying in your house for the fewest number of years. What!?! That is crazy talk, you say.

Well, the problem is that there is no priced-in risk adjustment for "what about if/when the music stops?" I tried to do this in the last version, but it's tough to do without Fewlesh-style (Fewlesh is an uber-quant semi-regular poster here) full simulation. In my model, you still are always better using crappy financing because taxes favor you being irresponsible.

I'm going to uninstall Excel.

It’s just a real good idea to try to match durations wherever possible. Don’t get a 5 year loan on a car you’ll want to sell in 3 years, etc. If you need to to afford it, you can’t.

I agree.

I’m going to uninstall Excel.

Well, I am the kind of person who will optimize a model until it is useless.

"I’m the sort that gets more excited about a good arbitrage opportunity than the superbowl. That isn’t typical?"

Of course that's typical, most Americans find football boring, obscure and incomprehensible.