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August 9, 2012 at 10:27 AM in reply to: Good fact based WSJ article on who pays taxes in America #749828August 9, 2012 at 9:14 AM in reply to: Good fact based WSJ article on who pays taxes in America #749822
an
Participant[quote=briansd1]Americans have this unrealistic notion that they will become rich someday. So perhaps kissing up will result in some trickle down? This is like an extension of kissing up to a rich uncle. [/quote]
Who said anything about kissing up? Some of us are either afraid the definition of rich will drift downward from the $250k/year or who are annoyed that they’re being called rich even when they’re really not. $250k/year is barely middle class in some expensive cities.The Dems loves to use millionaires for their example of wasteful rich people, then goes out and propose tax increase on those who make $250k/year.
August 8, 2012 at 3:26 PM in reply to: Future housing purchase – trading up when rates are higher? #749766Participant[quote=spdrun]
OK. Let me get this straight for you first. A primary residence is a consumption rather than an investment. You move up because your income justifies higher consumption level rather than for “investment” purpose.
If you’re not an f’en idiot, a primary residence can be both. I wouldn’t own a primary that I can’t rent out next week and walk away from for a year, while maintaining a small income from the rental.[/quote]
A primary residence can be both, but they’re not both if you’re living in it. So, it is not both. Unless you happen to also have roommates and have them pay your bill. As long as you’re living in it and paying mortgage on it with no income coming from it, it’s not an investment. If you consider it as an investment, then it’s a horrible investment that you’re spending thousands each month with no cash return.August 7, 2012 at 11:44 PM in reply to: Good fact based WSJ article on who pays taxes in America #749680Participant[quote=flu]The only people that will get hit the hardest are the people on W2’s in upper middle class which will be dragged down. They are the ones that always always pay the largest tax burdens whenever politicians talk about taxing the rich..And it won’t even fix the problems.[/quote]
Yep, W2 upper middle class folks will continue to be ignored by both parties. At least the Republicans are ignoring them. The Democrats on the other hand are considering them “wealthy”, lumping them with the multimillionaires. If you’re in this group, better wise up and get out of this group. No one is looking out for you.ParticipantTotally agree with flu. I would also add in REIT as a good source of dividend as well. AGNC is what I have and they sure kill the 2% CD. They’re also on your list of high dividend “stocks”.
Participant[quote=flu]AN,
I heard that the GTR is being canned. Maybe we should go get one before then… Team FLU and AN 🙂
Oh, wait but dual clutches suck and the GTR is a sissy car…Quick question. Why infiniti, and not a stripped down Z?
I’m hoping for things back down to 3200. My B5 a4 weighs about that much, and even then I think it feels like a porker. I’m really trying to get a used miata, and turn that into spec miata for my weekend special.[/quote]
Yeah, I heard they’re thinking of canning the GTR as well. I looked for used ones and not too many are available. Even 2009 model are selling for around $60k and they were selling new at high $60k. That’s what you call retaining your value. I’m not ready for a GTR type track car yet, so Team FLUAN would have to wait.I’m not set on Infiniti yet. What I want is a 4 door luxury car with turbo 6-cylinders or larger and priced around $40k. My current option looks like M5, M3, next C-class AMG, 335i, next C-class (assuming the rumor is true with turbo V6), Infiniti G30t. I like value, so G30t or M5 would probably be highest on my list. But, it really depends on the tune-ability of the G30t as well. 335i with chip + intake & exhaust only make around 370WHP. So, I expect the G30t to be more responsive to mods than that, or I might consider 335 instead.
The reason I don’t want a stripped down Z is because I need/want a 4 door and I already have a 2-door G35. A Z is not that much lighter than my car and I get two extra back seat. I’m keeping my G, so a Z would be redundant IMHO. Unless they reduce the weight to around 2800lb-2900lb.
If you’re thinking a used Miata for track, why not consider an Exige? Or wait for the next Miata. It supposed to be around 2200lb instead of 2500lb (the current gen Miata) and it supposed to be turbo as well. So, hopefully, you’ll get tune-ability and light weight.
Participant[quote=flu]Ahhh… I hope it’s not as disappointing as the f30’s….
http://www.motorauthority.com/pictures/1065019_2014-bmw-m3-sedan-f30-spy-shots_gallery-1#100397516
I think the e90/e92 is a more driver’s car than the f30….
sdr when are you gonna chip that thing?[/quote]
I have high hope for the F30 M3 due its turbo I6. I’m also looking forward to the new Infiniti G30t as well. It should share platform w/ the next Mercedes C-class (which they say shed some weight from the current one). My hope is ~3300 lb and turbo V6. I also heard the next C-class AMG will be turbo V6 as well. The next wave of cars around $40-60k sound like it’ll be fun for us enthusiast (lighter and turbo).ParticipantTalking about FB, I find this article kinda funny: http://economy.money.cnn.com/2012/08/02/california-facebook/?iid=HP_LN
ParticipantThere’s no need for me to drop cable. I’m paying around $40/month for cable/DirecTV 200+ channels with DVR. That’s the cost/saving of browning bagging 4-6 days a month.
July 31, 2012 at 11:23 PM in reply to: Future housing purchase – trading up when rates are higher? #749331Participant[quote=spdrun]
Also I think it’s funny that people think that were going to start suddenly building 500 to 1000 high rise downtown condo buildings for the next 100 million in population we are expecting to grow in the next 30 years.
Sprawl , get used to it, even in NY most people live out in the burbs and commute via train etc…There’s only so much land that doesn’t suck in CA. A lot of people would rather live in condo buildings downtown or within a few mi of the coast than in “lizardland” as BG calls it.[/quote]
LOL, thanks for a good laugh.Participant[quote=spdrun]PS- bet you wouldn’t call me a monkey to my face, boy. You’re vewwy bwave in your daddy’s basement ;)[/quote]
Haha, pot meet kettle…ParticipantThanks for the link flu. Just pre-registered. I hope Google will “rape” my privacy.
ParticipantEvery car is different. It might make sense to buy a Prius new, but a M5 would be an opposite example. Brand new, they’re going for >$100k. 3-4 years old CPO goes for $40-60k. That’s >$40k depreciation in 3 years. If you can get it for ~$40k, there’s no way you’ll lose >$40k on the car in the next 3 years.
Participant[quote=enron_by_the_sea][quote=SK in CV]A little perspective is probably in order here. The largest company (by market value) in the world, just reported sales and earnings more than 20% higher than the previous year. It’s net income for the last 4 quarters is in the neighborhood of $8 billion, which will probably keep it in second place in the list of most profitable companies. It’s more than double the size of it’s nearest competitor in it’s sector in both market value and profit.
[/quote]
What many Apple investors who just look at these stellar numbers in isolation miss, is the fact that those great revenue/profits/margins are in large part the result of a gift from AT&T/Verizon/Sprint; which will not keep giving forever …[/quote]
Exactly. Sprint is learning the lesson the hard way: http://www.engadget.com/2012/07/26/sprint-q2-2012/AT&T also learned that lesson, which is why they’re starting to back Windows Phone now.
ParticipantA great article about Apple’s dark cloud: http://www.businessinsider.com/apple-profit-margin-2012-7
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