Forum Replies Created
-
AuthorPosts
-
blahblahblah
ParticipantA person who owns real estate had a bigger stake in it and therefore took care of it accordingly. So there is a reason why there is respect for home-ownership.
Let’s see what kind of respect all of these Duh-merican “homeowners” with 100% financing have for their property when their payments double as their neg-am pick-a-pay loans reset.
ParticipantIt looks like you were able to escape the grind of a Big 5 accounting career and land a CFO role. Good for you. Accounting is a crappy career. I know other guys that did that – some had to get the MBA, some not, but all of them couldn’t wait to get out of public accounting. I am very fortunate that my job is a blast.
Make sure to tell your accountant how crappy his career is when he does your taxes this year. I’m sure he’ll appreciate it. While you’re at it, tell your friends over in Accounts Payable and Receivable that their careers are crappy too.
ParticipantI personally can not break free of the home-owner psychology. I guess it’s the whole watching your kids grow up in the same stable environment thing.
The stable environment comes from the parents, not the box that the parents live in. You should be able to stay in the same neighborhood while your kids are in school even if you have to rent some different places. It could even be fun for your family if you have a positive outlook.
The “renters are losers” meme is designed to program you to be a good little mortgage/property-tax paying, Home Depot/Lowe’s purchasing consumatron. Most of these “homeowners” aren’t going to own their homes when they kick the bucket anyway, they’ll die owing a balance.
It’s just like Pahluniak wrote in “Fight Club”; you are not your house. You are not your car.
Home equity loans are the new credit cards and Duh-mericans are hooked. Don’t expect that to change anytime soon…
ParticipantThere was a great PBS Frontline about Dick Cheney a few months back. In the first Gulf War, he was Sec. Def. for Bush I and the CIA was totally wrong about Hussein’s WMD programs. Hussein was much closer to getting the bomb than the CIA had suspected. Since that time, Cheney has been highly suspicious of intelligence from the CIA. That’s why he was so gung-ho to set up the OSP to end run around the CIA during the runup to the second Iraq war. He simply doesn’t trust the CIA. A better course of action probably would have been to work with the CIA to improve their intelligence gathering in the middle east, but of course I’m sure that’s easier said that done (these are all government employees we’re talking about here, Cheney included).
The bottom line is that Cheney let his ideology cloud his judgement and negatively affect his job performance; he may have also done something illegal in the process. Sad.
January 23, 2007 at 8:58 AM in reply to: This just in; Lots of cheap dirt will keep Inland Empire prices from dropping #43972ParticipantCow_tipping, you obviously aren’t paying attention… The next 300 illegals will buy those homes. It’s a real estate perpetual motion machine!
ParticipantSeriously cashman, start your own home-based business and write off a bit of that rent as your office. It doesn’t have to be a super-successful business to make it worth your while, tax-wise.
Note that I am not a tax attorney (although I play one on TV).
Participant…was a large custom home and I got $2M for it. It was paid off, so I put that money in CD’s…. For example, just four years of rent is about $130K. That’s not small change. And it’s not tax deductable, so 100 percent of it is spent.
Dude, in 5% CDs, you’re earning $100K a year. I’m no math wiz, but in four years that should be somewhere around $400K. And you’re complaining about spending $130K over four years on rent? Sounds to me like you’re up $270K in four years with ZERO RISK and LIVING FOR FREE TO BOOT. Cue the violins and cry me a freaking river.
Seriously though, if you own your own business you can deduct a portion of your rent for your office. I did that after I sold my home and it has helped with the tax issues a bit.
Sorry to make light of your situation, but I couldn’t resist! You’ve got it made, dude! Congratulations!!!
ParticipantAll the kids go to college for a degree and some fun. How they do really isnt important. When they graduate, they come back to an entry level position (stock boy) at a salary of at least $100,000. Everyone in the family starts this way and works their way up.
I’m sure that’s a very competitive wallpaper/paint business if they pay their stockboys $100K/year. From reading this thread, it seems that everyone in the US makes a minimum of $100K a year. Even SW engineers with a few years of experience are apparently making $150K/year in Boston. And everyone in the Bay Area has a combined household income of $300K/year. From the sound of it, the entire US is in dandy shape! $800K condos for everybody!
ParticipantThe reason there have been no Al Qaeda attacks in the US since 9/11 is that Al Qaeda no longer needs to stage attacks here in order to achieve their political objective of bankrupting the United States. We have given Bin Laden exactly what he wanted by occupying Iraq. The recent Al Qaeda attacks in Madrid, London, and Bali were designed to force the Spanish, British, and Australians to withdraw from Iraq, thereby increasing the isolation of the US and forcing us to bankrupt ourselves that much faster. It is a common belief that Al Qaeda will attack US interests to force us to leave Iraq, but in fact the opposite is probably true. The neocon maxim of “fighting them there instead of fighting them here” is actually true with respect to Al Qaeda, although I doubt that most people who use this phrase actually understand why that is the case…
When you find yourself losing in a contest, you should take a moment to ask yourself if your opponent is playing the same game that you are.
ParticipantCindy Sheehan’s husband of 28 years filed for divorce one week after she set up camp outside Bush’s ranch.
Of course he dumped her. How the hell is she gonna cook his dinner, fetch his beer, and wash his clothes if she’s in Crawford?
Pa dum pum! Thank you very much, ladies and gentlemen, I’ll be here all week! Tip your waitresses…
ParticipantAl Qaeda’s goal has always been to goad the US into an expensive occupation and foreign war. They want to bog down and bankrupt the US in Iraq just like they bogged down and bankrupted the Soviet Union in Afghanistan. Their gameplan is exactly the same as it was then, and so far we’ve let them rope-a-dope us just like they did the Soviets. Bin Laden has even stated this publicly, but we’re all too busy watching “American Idol” and “Saw II” to listen.
Now back to sleep everyone. Ignorance is strength. Freedom is Slavery. War is Peace.
ParticipantWhich is cheaper to live in?
1. House bought in 1950, now fully paid off.
2. Identical house next door, bought in 2007, financed 100%.Answer: ignoring taxes, the cost is the same.
By living in house 1, you forego selling it for what the buyer of house 2 just paid for his house. Alternatively, you forego the rental income from renting it out (which, in normal times, provides a rational return to your purchase price or has a reasonable resemblance to a mortgage payment).
Huh? The question is “Which is cheaper TO LIVE IN”. Both of the options the econ. prof lists (sale or rental) entail NOT LIVING IN THE HOUSE. I don’t get it, but of course I don’t have a PhD in economics.
But definitely agreed that selling and renting is a good option for those who can. Probably won’t find too many that disagree with that around here!
ParticipantAnd, now that we get to take the gloves off in Iraq, we’re gonna win within the year.
The setup is perfect now. If our war effort succeeds this year, we can thank Bush for his steadfast leadership in the face of heavy domestic opposition (even from his own generals), but if we fail, we can blame the whole mess on the Democratically-controlled congress and the “blame-America-first” crowd. Either way we will have been right and we will always have been right!
Oceania has always been at war with Eastasia.
ParticipantDid anyone see this article about Merit Financial? I’m gonna be glad when the likes of these guys all get flushed away, at least until the next ridiculous speculative boom…
Merit Financial, says Rhodes, was run more like a frat house. Its employees were recruited from the Kirkland area bar scene and were turned loose on unsuspecting borrowers after about an hour of training.
It was an environment where 18-year-old know-nothings outnumbered and worked side by side with the experienced loan officers. The beer flowed freely and the boss often provided two kegs for company meetings. Employees were even free to bring in six-packs on Friday.
The article quoted loan officer Sunny Hoppe saying, “It was young, hip, drugs and drinking.”
And young, drunk hipsters pulling credit reports and selling mortgages wasn’t the only problem. Predatory lending tactics and outright fraud were also at work at Merit.
-
AuthorPosts
