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apostasy Says:
> Just in case someone in an urban property is
> approached about refinancing, and assured that
> rising gas prices will surely inflate their valuation..
> Imagine while living at your close-in property you
> only have to drive 10 miles per day, and the option
> of living out in the suburbs is 60 miles per day.
> Over a period of 30 years, the savings from moving
> closer in amount to $87,600….
Then azrob Says:
> apostacy: wow you really don’t value your life at all!
> you calculate the gas to the penny, but don’t discount
> the fact that your wasting 2 hours a day commuting?
> assuming a 40 hour normal work week, you just gave
> yourself a 25% paycut in terms of hours spent working
> and commuting when compared to money earned.
Let’s take an average guy with a $60K/$30/Hr job. If he has a Honda he will be lucky to get his cost per mile down to $0.50 (Edmunds.com has a great “True Cost to Ownâ€/TCO feature that gives fairly accurate cost per mile for every car).
60 one way mile commute = $30/day + 3 hrs at $30/hr = $120/day, $600/week, $31,200 a year…
Time is valuable. This is why fractional jet ownership is growing ever more popular.
Apostacy,
Living close in will have some value, and it may be quantifiable as you suggest.
Some trends that may ameliorate that value could be changing from 8 hour/5day to 10 hour/4 day, increased telecommuting or work at home, or changing work hours to avoid rush hour time.
But then, and increase in gas proces and the trend toward toll roads could move the equation the other way.
"Time is valuable. This is why fractional jet ownership is growing ever more popular."
Yes, and cheaper too with the introduction of the Very Light Jets (cost about $1-2 million vs $20 million+)
But then, you have to include the cost of your "carbon offsets".......
FAB said:
Edmunds.com has a great “True Cost to Ownâ€/TCO feature that gives fairly accurate cost per mile for every car
I love that feature. I love Edmunds, and haven't bought or sold a vehicle without consulting it for many years now. There used to be a great essay on there somewhere which everyone should read before considering ever buying a car from a salesman at a lot. Kind of an insiders view of how different operations work. I was suprised at just how many different ways they have to "get you", even when you think you're getting a great deal on price.
DinOR Says:
> azrob, Uh I don’t know how to break this to you but after
> a certain age males become totally invisible to “young girlsâ€.
> They can see through, above and around you. Balding or
> not. “Lean and sexy†or not. Do it for yourself.
Then Malcolm Says:
> I’m 35 years old, and I feel like I’m on top of the world. I’ve
> never felt more attractive, although not to girls 25 and under.
> The good thing is that I actually think women right at the 28-35
> mark are the most attractive to me, and the most interesting.
> I’m 6′1 and thank God I’ve still got all my hair. I just renewed
> my passport and putting the two pictures next to each other
> I actually like the new picture better.
I’ll be 44 this year and I have three passports with photos taken when I was 18, 28 and 38 and I still look about the same in all three photos. Someone mentioned that James Gandolfini from the Sopranos is just a little older than I am and we were wondering how much younger Gandolfini would look if he still weighed as much as he did at 18 and had a full head of hair like I do…
But then, you have to include the cost of your “carbon offsetsâ€â€¦â€¦.
What are carbon offsets?
btw Peter
I got Vista64 working finally. It was a problem with "PCI memory remapping". That has to be on for V64 to work. So far I'm happy. This thing computes my giant spreadsheets that used to take 40minutes in about 12 minutes.
Randy, great to hear that you got Vista working. I knew Vista was more than a 286 emulator for your Windows 2.0. :)
From wikipedia: ;)
http://en.wikipedia.org/wiki/Carbon_offset
Carbon Offsets are ways that rich environmentalists, like Al Gore and other leftist elitists, are able to continue their indulgence in polluting the environment without any of the guilt.
Actually, I think fractional jet ownership is gaining popularity because people do not want the hassle of airport security.
But since the fractional schemes are looking more and more like prepaid airline flights, it will be a matter of time before fractional jet passengers are screened as well. After all, a highjacked Gulfstream makes a serious guided weapon, too.
Carol Llyod's latest column discusses short sales. She does mentioned getting 1099'd for the amount of debt forgiveness. So an underwater FB in the Golden State with a non-recourse loan faces two choices:
1. Foreclosure (no 1099, but wrecked credit)
2. Short sale (debt forgiveness with 1099, saved credit score)
Which do you choose? Which do you chose if you were a typical FB? Which really tanks the market?
But since the fractional schemes are looking more and more like prepaid airline flights, it will be a matter of time before fractional jet passengers are screened as well. After all, a highjacked Gulfstream makes a serious guided weapon, too.
How do you screen people flying out of Sedona, AZ?
The 4/29 conspiracy proved that a fuel truck is just as serious a guided weapon.
I think carbon offsets is a great free-market solution to environmental problems.
Which really tanks the market?
Between cyanide and arsenic, which one is poisonous?
"How do you screen people flying out of Sedona, AZ?"
Good point, but most business flights will be out of bigger areas.
"The 4/29 conspiracy proved that a fuel truck is just as serious a guided weapon. "
True again. Plus, anyone can load a fertilizer bomb in the trunk of a car and take out any tunnel. But due to 9-11, airline aviation has a special interest to the authorities. Do you really think it is possible to highjack an airline today? I believe you would be fought by every passenger if you tried. Beside, why not sit at the approach/departure end of a runway and shoot up engine and cockpit with an AK? The flight paths of any airport has aircraft flying low over large areas in the vicinity.
I think the current passenger screening is a waste of time and resources, but I think it mayl be extended to fractional jets anyway - if fractional jets get popular enough.
"I think carbon offsets is a great free-market solution to environmental problems."
Didn't Milton Freidman come up with the idea of selling pollution rights some 25 years ago? He saw it as a free market way to lower pollution by alllowing large companiies to benefit from there clean air improvements.
But at that time, the libs were aghast at his suggestion
I think the current passenger screening is a waste of time and resources, but I think it mayl be extended to fractional jets anyway - if fractional jets get popular enough.
Fractional ownership still has a highish entrance fee ($150K+).
Perhaps chartering will be more closely scrutinized. Anyone with a few thousand dollars can book a "private" flight nowadays.
But at that time, the libs were aghast at his suggestion
Perhaps the "libs" got richer in the past 25 years. ;)
EBGuy,
Can someone do a short sale, then take out a HELOC to pay the 1099 taxes?
Can someone do a short sale, then take out a HELOC to pay the 1099 taxes?
Huh? after the short sale, there is no house?
Well, but then people keep telling me I am pre-approved for a HELOC anyway. I rent.
Peter P,
You are better with words. I was trying to imply that "fractional" was getting closer to "chartering." As more interest and cheaper jets come about, the entry fee shrinks as these planes are spread over more "owners", to the point it resembles a charter club.
Current airport security measures do absolutely nothing to encourage safety. If anything, it just introduces a lot more sketchy airport employees who would get access to sensitive areas.
OOPS, I confused "short sale" with "renegotiated loan," which was the subject of an article I was reading. The renegotiated loan also had the 1099 issue.
As more interest and cheaper jets come about, the entry fee shrinks as these planes are spread over more “ownersâ€, to the point it resembles a charter club.
Fractional owners always own the same interest (e.g. 1/16) on a plane. So the entry fee will not shrink when there are more owners. With more people, there will be more planes.
(Similarly, the same time-share condos will not be spread over more owners.)
Chartering is different. They are more like private airlines.
"If anything, it just introduces a lot more sketchy airport employees who would get access to sensitive areas. "
Yes, like the ones who pre-planted the boxcutters for the 9-11 highjackers.
Cheaper jets will lower the entry fee though, although they are not really much heavier than SUVs.
Peter P
Your facts and logic are unassailable. I admit error on the Fractional Ownership issue.
My facts and logic are not usually straight. This is why I am a better sophist. :)
Actually, I think fractional jet ownership is gaining popularity because people do not want the hassle of airport security.
Years ago when I worked at HP, we took HP's propeller plane to Roseville, it was fantastic when you can drive right up to the gate, no screening and hop on the airplane. Some of my coworkers flew to COMDEX on the jet and we wish all air travel was like that.
Why can't someone build a transporter booth system already? Is safe, energy efficient, simultaneous transportation really so much to ask for?
Why can’t someone build a transporter booth system already? Is safe, energy efficient, simultaneous transportation really so much to ask for?
It has unanswerable metaphysical questions.
Anyone remember this story about someone deplaned mid-flight from an HP turboprop?
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2000/12/15/MN137139.DTL
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During the boom, if borrowers asked about the adjustable rates on their mortgages, they were told "oh, you can just refinance and start over".
But no one told them you can't refinance if your house is under water, that is, if the loan amount is more than the value of the house. Banks won't go for that, even in the continuing lax lending environment.
So their rates will adjust upward, and they won't be able to pay the mortgage, or refinance, or sell for what they paid.
Interesting times ahead.
Patrick
#housing