State Budgets: Day of Reckoning

[sdrealtor]

Allan
We grew up with the Miracle of the Meadowlands where Joe Pisarcik unexplicably tried to hand off the ball with seconds left and it was fumbled only to have Herman Edwards scoop it and take it to the endzone for the craziest come from behind win in NFL history. When they knocked down the old stadium they thought they got rid of this curse. They are already calling Sunday’s events The Miracle of the New Meadowlands and the new curse on the stadium.

Ironically Joe Pisarcik ended up as a QB coach for my high school.

[surveyor]

[quote=briansd1]Not to say that there wasn’t waste, but at least government spending on salaries and pensions went to millions of ordinary people so their lives could be more enjoyable.

I believe that the misallocation of resources in government is as much in salaries and pensions as in giveaway sweetheart deals to private contractors who pocket the profits.

The bankers’ excesses and bailouts went to a small number of people at the very top.[/quote]

One of the things you’ll learn when you start getting some experience in real estate investing (and when doing any business really) is that maintenance costs do not contribute much to your profit line.

If you have a property and choose to pay more in repair, maintenance, and other costs, it will not increase your profit margin. In fact, it will actually harm your property’s value because many lenders will look at your property and its costs and will conclude that you spend too much money on maintenance and other costs and will deem you a bad credit risk.

However, if you choose to make upgrades in your property (for example, adding another bedroom, or expanding the living room), these improvements will allow you to ask for more rent, and will possibly make you more profit.

Choosing to pay more in maintenance costs also lessens the amount of money available for capital improvements.

Try to think of government that way.

In case you can’t figure it out, pensions are a maintenance cost.

[surveyor]

[quote=briansd1]Not to say that there wasn’t waste, but at least government spending on salaries and pensions went to millions of ordinary people so their lives could be more enjoyable.

I believe that the misallocation of resources in government is as much in salaries and pensions as in giveaway sweetheart deals to private contractors who pocket the profits.

The bankers’ excesses and bailouts went to a small number of people at the very top.[/quote]

One of the things you’ll learn when you start getting some experience in real estate investing (and when doing any business really) is that maintenance costs do not contribute much to your profit line.

If you have a property and choose to pay more in repair, maintenance, and other costs, it will not increase your profit margin. In fact, it will actually harm your property’s value because many lenders will look at your property and its costs and will conclude that you spend too much money on maintenance and other costs and will deem you a bad credit risk.

However, if you choose to make upgrades in your property (for example, adding another bedroom, or expanding the living room), these improvements will allow you to ask for more rent, and will possibly make you more profit.

Choosing to pay more in maintenance costs also lessens the amount of money available for capital improvements.

Try to think of government that way.

In case you can’t figure it out, pensions are a maintenance cost.

[surveyor]

[quote=briansd1]Not to say that there wasn’t waste, but at least government spending on salaries and pensions went to millions of ordinary people so their lives could be more enjoyable.

I believe that the misallocation of resources in government is as much in salaries and pensions as in giveaway sweetheart deals to private contractors who pocket the profits.

The bankers’ excesses and bailouts went to a small number of people at the very top.[/quote]

One of the things you’ll learn when you start getting some experience in real estate investing (and when doing any business really) is that maintenance costs do not contribute much to your profit line.

If you have a property and choose to pay more in repair, maintenance, and other costs, it will not increase your profit margin. In fact, it will actually harm your property’s value because many lenders will look at your property and its costs and will conclude that you spend too much money on maintenance and other costs and will deem you a bad credit risk.

However, if you choose to make upgrades in your property (for example, adding another bedroom, or expanding the living room), these improvements will allow you to ask for more rent, and will possibly make you more profit.

Choosing to pay more in maintenance costs also lessens the amount of money available for capital improvements.

Try to think of government that way.

In case you can’t figure it out, pensions are a maintenance cost.

[surveyor]

[quote=briansd1]Not to say that there wasn’t waste, but at least government spending on salaries and pensions went to millions of ordinary people so their lives could be more enjoyable.

I believe that the misallocation of resources in government is as much in salaries and pensions as in giveaway sweetheart deals to private contractors who pocket the profits.

The bankers’ excesses and bailouts went to a small number of people at the very top.[/quote]

One of the things you’ll learn when you start getting some experience in real estate investing (and when doing any business really) is that maintenance costs do not contribute much to your profit line.

If you have a property and choose to pay more in repair, maintenance, and other costs, it will not increase your profit margin. In fact, it will actually harm your property’s value because many lenders will look at your property and its costs and will conclude that you spend too much money on maintenance and other costs and will deem you a bad credit risk.

However, if you choose to make upgrades in your property (for example, adding another bedroom, or expanding the living room), these improvements will allow you to ask for more rent, and will possibly make you more profit.

Choosing to pay more in maintenance costs also lessens the amount of money available for capital improvements.

Try to think of government that way.

In case you can’t figure it out, pensions are a maintenance cost.

[surveyor]

[quote=briansd1]Not to say that there wasn’t waste, but at least government spending on salaries and pensions went to millions of ordinary people so their lives could be more enjoyable.

I believe that the misallocation of resources in government is as much in salaries and pensions as in giveaway sweetheart deals to private contractors who pocket the profits.

The bankers’ excesses and bailouts went to a small number of people at the very top.[/quote]

One of the things you’ll learn when you start getting some experience in real estate investing (and when doing any business really) is that maintenance costs do not contribute much to your profit line.

If you have a property and choose to pay more in repair, maintenance, and other costs, it will not increase your profit margin. In fact, it will actually harm your property’s value because many lenders will look at your property and its costs and will conclude that you spend too much money on maintenance and other costs and will deem you a bad credit risk.

However, if you choose to make upgrades in your property (for example, adding another bedroom, or expanding the living room), these improvements will allow you to ask for more rent, and will possibly make you more profit.

Choosing to pay more in maintenance costs also lessens the amount of money available for capital improvements.

Try to think of government that way.

In case you can’t figure it out, pensions are a maintenance cost.

[permabear]

[quote=paramount][quote=briansd1]Not to say that there wasn’t waste, but at least government spending on salaries and pensions went to millions of ordinary people so their lives could be more enjoyable. [/quote]

Is this a sarcastic comment? All that spending on salaries and pensions has to come from somewhere.

And I’ll tell you where it comes from: people who produce.

For their lives to become more enjoyable someone else’s had to become inordinately less enjoyable.[/quote]
No, where it came from is tax cuts for the very very top elite few.

Our country was most balanced, most productive, and most secure when we had top tax rates at the modern equivalent of $10M+ at 90%

[permabear]

[quote=paramount][quote=briansd1]Not to say that there wasn’t waste, but at least government spending on salaries and pensions went to millions of ordinary people so their lives could be more enjoyable. [/quote]

Is this a sarcastic comment? All that spending on salaries and pensions has to come from somewhere.

And I’ll tell you where it comes from: people who produce.

For their lives to become more enjoyable someone else’s had to become inordinately less enjoyable.[/quote]
No, where it came from is tax cuts for the very very top elite few.

Our country was most balanced, most productive, and most secure when we had top tax rates at the modern equivalent of $10M+ at 90%

[permabear]

[quote=paramount][quote=briansd1]Not to say that there wasn’t waste, but at least government spending on salaries and pensions went to millions of ordinary people so their lives could be more enjoyable. [/quote]

Is this a sarcastic comment? All that spending on salaries and pensions has to come from somewhere.

And I’ll tell you where it comes from: people who produce.

For their lives to become more enjoyable someone else’s had to become inordinately less enjoyable.[/quote]
No, where it came from is tax cuts for the very very top elite few.

Our country was most balanced, most productive, and most secure when we had top tax rates at the modern equivalent of $10M+ at 90%

[permabear]

[quote=paramount][quote=briansd1]Not to say that there wasn’t waste, but at least government spending on salaries and pensions went to millions of ordinary people so their lives could be more enjoyable. [/quote]

Is this a sarcastic comment? All that spending on salaries and pensions has to come from somewhere.

And I’ll tell you where it comes from: people who produce.

For their lives to become more enjoyable someone else’s had to become inordinately less enjoyable.[/quote]
No, where it came from is tax cuts for the very very top elite few.

Our country was most balanced, most productive, and most secure when we had top tax rates at the modern equivalent of $10M+ at 90%

[permabear]

[quote=paramount][quote=briansd1]Not to say that there wasn’t waste, but at least government spending on salaries and pensions went to millions of ordinary people so their lives could be more enjoyable. [/quote]

Is this a sarcastic comment? All that spending on salaries and pensions has to come from somewhere.

And I’ll tell you where it comes from: people who produce.

For their lives to become more enjoyable someone else’s had to become inordinately less enjoyable.[/quote]
No, where it came from is tax cuts for the very very top elite few.

Our country was most balanced, most productive, and most secure when we had top tax rates at the modern equivalent of $10M+ at 90%

[Allan from Fallbrook]

[quote=sdrealtor]

Ironically Joe Pisarcik ended up as a QB coach for my high school.[/quote]

Sdr: And a constant punchline for sportscasters since that day in the Meadowlands. I heard Bob Costas reference Pisarcik a few months back.

The Giants punter Dodge is going to join poor Joe in Meadowlands Hell.

I gotta believe you were screaming your head off in the last half of the 4th, right? I had a really bad inkling when Celek cruised in on a garbage play to make it 31 – 17. You cannot give Vick and Co. an inch, or they will gut you. Wouldn’t mind seeing Eggles and Falcons in the NFC Championship game.

[Allan from Fallbrook]

[quote=sdrealtor]

Ironically Joe Pisarcik ended up as a QB coach for my high school.[/quote]

Sdr: And a constant punchline for sportscasters since that day in the Meadowlands. I heard Bob Costas reference Pisarcik a few months back.

The Giants punter Dodge is going to join poor Joe in Meadowlands Hell.

I gotta believe you were screaming your head off in the last half of the 4th, right? I had a really bad inkling when Celek cruised in on a garbage play to make it 31 – 17. You cannot give Vick and Co. an inch, or they will gut you. Wouldn’t mind seeing Eggles and Falcons in the NFC Championship game.

[Allan from Fallbrook]

[quote=sdrealtor]

Ironically Joe Pisarcik ended up as a QB coach for my high school.[/quote]

Sdr: And a constant punchline for sportscasters since that day in the Meadowlands. I heard Bob Costas reference Pisarcik a few months back.

The Giants punter Dodge is going to join poor Joe in Meadowlands Hell.

I gotta believe you were screaming your head off in the last half of the 4th, right? I had a really bad inkling when Celek cruised in on a garbage play to make it 31 – 17. You cannot give Vick and Co. an inch, or they will gut you. Wouldn’t mind seeing Eggles and Falcons in the NFC Championship game.

[Allan from Fallbrook]

[quote=sdrealtor]

Ironically Joe Pisarcik ended up as a QB coach for my high school.[/quote]

Sdr: And a constant punchline for sportscasters since that day in the Meadowlands. I heard Bob Costas reference Pisarcik a few months back.

The Giants punter Dodge is going to join poor Joe in Meadowlands Hell.

I gotta believe you were screaming your head off in the last half of the 4th, right? I had a really bad inkling when Celek cruised in on a garbage play to make it 31 – 17. You cannot give Vick and Co. an inch, or they will gut you. Wouldn’t mind seeing Eggles and Falcons in the NFC Championship game.

[Author]

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