[desmond]

As long as you did not buy MCP then unkick yourself. I think the casual retail investor is getting kicked in the groin, FB ZNGA GRPN ANGI, etc.

[desmond]

Another loser ANGI. I would never use that website and I could not stand the song either.

[desmond]

At the least you should be able to pay for 75% of your total college expenses and take on no more than 25% debt. If you can’t do that then you should take a less expensive route. Even becoming an M.D. and taking on that debt is going to be hard to justify from now on.

[desmond]

[img_assist|nid=16563|title=Ranger Station|desc=|link=node|align=left|width=100|height=75]

[desmond]

[img_assist|nid=16562|title=New Ranger Station|desc=Here’s the new Forest Service Ranger Station and Trailhead Parking Lot up here in Lockwood Valley. The parking lot has nearly 80 spaces, handicap parking, 2 roundabouts, and 2 pit bathrooms. Usually I am the only one the usess it but on this day it was “packed”. The station and the lot were both built with stimulus money and I would not mind if they actually put some money into the campgrounds and the trails that the public uses.|link=node|align=center|width=100|height=75]

[desmond]

CA, no apology needed. Like I said some things will work for some and not for others. I think to many people are living in a fantasy world and just don’t want to face reality. I feel for anybody dealing with kids that are college age, it is just to expensive and to much pressure.

[desmond]

flu, I think more parents would sign up with a 529 but it does not come with any money… Joking aside, trying to save enough money to pay for your kid or kids college is a daunting challenge when trying to pay for eveything else. The goal is for kids is to be independent, getting there is not a clear path and it is different for everyone. Sending a kid to a JC might be the “cheapest” way but it is not the only way. My best freinds son is going to be starting his 4th year at a JC. Sending your kids to an out of state school for a “dorm” experience is not bull. It teaches kids to be on their own, to fail and succeed on their own, to make the choice of partying or studying. Is it the best option, it is for some but not all. As most know I spent the money to send my kids out of state. But what most don’t know is the sacrifice my wife and I made from day one to save and earn the money to pay for their school. I feel for all parents now trying to get their kids through college, it is really a challenge. KID ALERT UPDATE WARNING : My son has now been out of college two years and has worked his way to a top salesperson with his company. He is totally independent, has a girl friend, and is doing great, still in Houston. My daughter graduated in May and she moved on her own to Houston, just a coincidence that her boyfreind lives there….She starts a new job on monday, and should be about 75% self sufficient, we will help with her rent. Talk about relief……..

[desmond]

For all the Laker Haters

DWHTHWD

STVNASH

ONLYNLA

[desmond]

uc,that must have been staying there and going over the bridges. I am sure many piggs have been over the Cold Springs Bridge on the 154 on the way to Solvang and the wine country in the Santa Inez Valley, well Caltrans just finished putting on a “Suicide Barrier” on it.

http://www.independent.com/news/2012/mar/01/cold-springs-bridge-suicide-barrier-complete/

[desmond]

“It is the crown jewel of the greatest bridge and tunnel highway project ever undertaken in North America.

The path of this new highway roughly parallels the famous “Devil’s Backbone”, a narrow road that earned its nickname from the way it follows the precarious ridge crest of the jagged peaks of the Sierra Madre Occidental mountains. The dangerous road is a seemingly endless onslaught of twisting, terrifying turns that are so tight there are times the road nearly spirals back into itself”

I would love to drive this route someday, although I read the Zetas Cartel is moving into this area and this road will help them. It would be a awesome adventure…

[desmond]

[quote=harvey]Has anyone actually done the math?

What’s the effective interest rate on these bonds?

A comment in the other thread cited 8% and that seems to be consistent with my back-of-the-envelope calculations (don’t have the precise numbers, but we can make a reasonable estimate.)

It’s a 40 year bond, folks. 8% may be above current market rate for a bond with these characteristics, but it’s really not that outrageous, and not outside historical norms at all. It is by no means a recipe for fiscal disaster.

Perhaps the outrage should be that Piggs don’t seem to understand how long-term compounded interest adds up….[/quote]

Harvey, They are not making payments for the first 20 years and then:

“Apart from its overall cost, there’s another reason why Poway’s massive capital appreciation bond should matter to taxpayers.

In 20 years, the school district will be on the hook for its first payment towards last year’s loan. That payment will be a little more than $30 million, $24 million of which is interest.

The following year, the payment will balloon to almost $47 million. And, for the next 18 years after that, until 2051, district taxpayers will have to pay about $50 million every year towards the debt — essentially paying off their initial loan every two years for the next two decades”

The school district now receives $11 million a year from property taxes to pay their bonds.

I’m outraged you didn’t read the article………..

[desmond]

Orange County paid the money back in full. They had to borrow money and extend the payback period but they paid it back.

[desmond]

[quote=flu]Pure speculation…But anyone thinking about jumping into MCP because of this

http://www.cnn.com/2012/08/08/business/china-rare-earth/index.html?hpt=hp_t3%5B/quote%5D

Wipeout, what happened to that stock?

[desmond]

On one of my father-in-laws properties in Texas that has two oil wells on it now the oil firm wants to add another, they also offered him $2.7 million for the mineral rights. The wells are about a million each for all the equipment, so I can’t see gas prices ever going down with all the expense involved.

[desmond]

Good one although only a PG-13.

[Author]

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