[fat_lazy_union]

[quote=bearishgurl]

Do you all think can do this? Like I’ve always stated here, GO FOR IT!!!!! Start filling out those lengthy applications and get ready to bend over … no, d-e-e-e-per . . . and stay there – don’t move! Because, even though this is America, yo a$$ will NOT belong to YOU anymore ;=][/quote]

BG, to counter your equally long post (which I actually read from beginning to end, unlike maybe people who probably wont)… I’ll respond with a equally long post…

Regardless of whether someone can or can’t do a public sector job this is irrelevant to the discussion of whether this arrangement is right or wrong to begin with..(I’m pretty sure I can, do the job but that’s irrelevant). Bringing this sort of “well if it’s so great, you do it…” sort of argument seems to be that you’ really in agreement that this pension arrangement with the taxpayer isn’t correct, but there are no other valid counterpoints to justify that its existence…

Take yourself out of the equation. And simply answer the question… Is it right or wrong that taxpayers should have to pay the difference of pensions that don’t meet unrealistic returns, when the rest of the world financial instruments don’t work that way?

That question is independent of whether someone can/can’t qualify to do this job…That question is independent of whether Wall Street fairly or unfairly got bailed out by taxpayers too…”, or whoever else got an unfair benefit…Two wrongs don’t make a right. So let’s just consider the issue at hand….. Do you really think taxpayers making up for a pension performance shortfall is right and just thing to do to the taxpayers?

Because arguing that well if Wall Street gets a unfair bailout, so should public pensions holders”…is basically admitting it’s a selfish free-for-all in which anyone should just grab anything they can.. Screw everyone else, including my/your kids…… Which is fine if that’s really what folks are saying…But then just call it as it is…But then I really don’t want to hear any bitching about how some folks got a loan forgiveness, wall street got bailed out, outsourcing and losing jobs, Romney and rich people unfairly getting a tax break with offsource accounts, companies unfairly getting tax treatments by keeping money oversees……unfair this, unfair that. etc etc etc…

Because in my book, it’s all the same…Self-absorbed, self-entitlement self-interest groups with the only purpose is to ensure they gain/get to keep what they have…even if it means at the expense of everyone else……It’s exactly this viewpoint which is why I think IMHO this country is going to be feeling pain for decades to come..And exactly why any Generation X-er or beyond should take notice when any baby-boomer or older tries to lecture you about being fiscally responsible, paying your bills on time before you pay yourself, think about the “greater good”,etc,etc,etc, bullshit… Because they want you think about everyone else….. so they don’t have to….

If you are going to make the argument “we’ll if it’s such a sweet deal than you apply for the job and do it”… Then I can make the statement that “well if you think it’s fair that the rest of us should be paying for your pensions trading losses, than you should pay for my trading losses I incur myself”. Are you going to? I’ll quote my proposal again here

[quote=fat_lazy_union]Ok BG and CAR, I got a deal for you… I’ll fully support the public sector pension returns guarantee with my tax dollars fully IF, you’re will to accept the following….

I was told if I stock daytrade, I would be able to earn 20% returns….

Let me day stock trade every day..

On the days that I earned $1000+, I’ll keep them because they are my returns.

On the days that I lose -$1000+, you pay for my losses, because that’s not my fault…That’s because the markets didn’t cooperate with me, and I was promised that if I just buy and sell stock, I would always make money… Because I didn’t, you the taxpayer should pay for my losses…

Oh, and one additional thing I’ll be doing…

Instead of investing say $100k of my own cash that I have, I plan on taking out a margin loan of $500k…I can now invest $500k each day taken out on a margin loan…knowing that it’s really not my money, and that even if I lose the money that doesn’t belong to me, no matter how big the loss is, you’ll be happy to make up the difference.

Sounds pretty fair to me, because it’s a win-win for me….[/quote]

I’m telling you folks, if people continue to think this same way…. we’re doomed…Greece here we come.

[fat_lazy_union]

Ok BG and CAR, I got a deal for you… I’ll fully support the public sector pension returns guarantee with my taxpa dollars fully IF, you’re will to accept the following….

I was told if I stock daytrade, I would be able to earn 20% returns….

Let me day stock trade every day..

On the days that I earned $1000+, I’ll keep them because they are my returns.

On the days that I lose -$1000+, you pay for my losses, because that’s not my fault…That’s because the markets didn’t cooperate with me, and I was promised that if I just buy and sell stock, I would always make money… Because I didn’t, you the taxpayer should pay for my losses…

Oh, and one additional thing I’ll be doing…

Instead of investing say $100k of my own cash that I have, I plan on taking out a margin loan of $500k…I can now invest $500k each day taken out on a margin loan…knowing that it’s really not my money, and that even if I lose the money that doesn’t belong to me, no matter how big the loss is, you’ll be happy to make up the difference.

Sounds pretty fair to me, because it’s a win-win for me….

[fat_lazy_union]

[quote=bearishgurl][quote=harvey][quote=SD Realtor]Why shouldn’t they get the exact same benefit?[/quote]

“yes, everyone should get to retire at 50 with a full salary pension.”

Of course we’ve seen how well that actually works.[/quote]

Yes, I HAVE seen how well that works, FIRST HAND. Although I have been eligible for years to begin to collect it, I myself have “deferred” my paltry gov’t pension until the age of 62, just to receive an additional $331 month!

I was not a “sworn safety member” (whose pensions are calculated on more generous formulas) and am NOT ALONE in this regard. And I did not hold a “professional” or “managerial” position.

There are thousands of “BG’s” out there.

I’m wondering if my govm’t pension will even cover my monthly utilities at the time I begin to collect it, lol…

pri, based upon your past and present demeanor on this forum, I can’t see you (or any of the other Piggs continually ragging on this subject in the middle of the business day) “bending over” every day for as long as I did for this “generous reward,” that is, if I don’t die first. If I do, there will be no survivor benefit to anyone.

Ahem, my family doesn’t have a “history” of longetivity. I’m trying mightily to be an outlier in that regard :=0[/quote]

BG, I think you’re missing the point here by taking it personal to pri…

The point here is…There has never been any type of investment vehicle that has ever been able to guarantee an always “above market return”. Every part of investment vehicle, there is a correlation between risk versus rewa+rd. Potential higher returns = Higher risk….Every type of financial instrument 401k, IRA,stocks,RE works this way…. Public sector pension is the only type of guarantee that completely goes the opposite.

Despite fulfilled contributions by contributors, the contributor is also on the hook for any shortfall in the performance of the financial instrument, and the contributor has the means by passing the “problem” on to someone else..the taxpayers…

If this isn’t by definition insanity, I don’t know what is…Can anyone really say look at this in a straight face and say that a guaranteed return 10-15% for the lifetime of someone’s retirement isn’t a completely unrealistic thing???? That’s 100% above market returns for the rest of someone’s life….

And if you have children that are going to be paying into this ridiculous system, I would be appalled that they’re pretty much going to be screwed and have a significantly lesser quality of life than you…..Because in one way or the other they are already going to be paying for it in higher prices with a weakening dollar. They are going to have even more global competition for work…And on top of that, they have to pay an ever increasing ballooning federal/state/local taxes….

Better buy them a house for them now…If you think housing is unaffordable now for them…Just wait when shit hits the fan….But I guess our children will make very good slaves and indentured servants, both to this internal debt we created, and to external debt we owe…

I find it really really ironic that despite all the moaning about how we’re being robbed, and irresponsible financing, that anyone here can’t look at this pension predicament and can’t see how insane, how unsustainable, and how utterly financially irresponsible it is… But then again, like I said, it’s not my fault, I was promised this, and someone else should take the hit…Not my issue….Let’s blame it on everyone else. let’s blame it on wall street and the banks..

The new american way…

Greece is really fvcked btw…For very interesting reasons.

[fat_lazy_union]

[quote=CDMA ENG][quote=flu][quote=harvey]
A small percentage of the population is devastating our schools and services because they once negotiated extraordinarily high compensation and now refuse to allow the economy to impact them in the same way it has everyone else.

[/quote]

Very much so… Here is a perfect example of how the unions shows utter disregard for its own by chosing to take pay raise in lieu of keeping all of its paying patrons employed. So the whole idea of unions and thier “caring” about the common worker or the welfare of the student is BS to me. Of course the topic was pensions but it has been mention how the private sector shows no care for it own… Push come to show niether do the unions. The union is a business of its own and product it yields is self serving. Most don’t do the job for free and they are worried about thier jobs as well at the cost of the taxpayer.

CE

http://www.newstimes.com/news/article/Teachers-win-Clark-Co-pay-battle-layoffs-planned-3527941.php

P.S. This is from a very liberal source… Not Fox news.[/quote]

Interesting article…Well, time to switch back to my old handle….

I got a few new tag lines…

The New America… Hypocrisy at it’s Finest.
San Diego. America’s Finest Hypocrisy

[fat_lazy_union]

deleted

[fat_lazy_union]

[quote=gregw9898][quote=harvey]I agree the numbers and how they arrive at them are a bit odd.

It’s mainly due to the way they are approaching the question, since it’s about verifying Obama’s original claim about millionaires.

My post was also a reference to an old Steve Martin sketch on how to be a millionaire:

“First, get a million dollars …”[/quote]

I did notice that Ron Paul won 3 more states over the weekend and now has won 8 states. He wants to slash spending, balance the budget and abolish the income tax back to 1913 levels. I think you would save much more voting for Ron Paul than Mitt Romney. Infact he just tallied about2 enough in a national poll to get into the debates as a 3rd party candidate. He needs 15% and got 13%.[/quote]

Rich, Told ya!

[fat_lazy_union]

[quote=gregw9898]Rich – I thought there were no political cheerleading threads allowed here?[/quote]

Hi Markmax, how are you doing? How’s Ron Paul and how’s your Zygna shares doing?

Rich, I’m sure if you look in your server logs, and look at the IP address of gregw9898, you’ll have a match with markmax… In fact, the style is exactly the same… I wouldn’t be surprised if you get a ron paul post soon from him.

[fat_lazy_union]

[quote=outtamojo]Wow, fannie mae says it turned a profit -http://www.bloomberg.com/news/2012-05-09/fannie-mae-won-t-seek-aid-after-reporting-2-7-billion-profit.html?cmpid=yhoo

…”a drop in its inventory of owned properties …”[/quote]

I know crazy… I hope we a bounce by the end of today.

I picked up BP shares this morning at 38.90 and PM at 86.30

[fat_lazy_union]

[quote=bearishgurl][quote=harvey]I think our national economic policy should be designed with the single goal of alleviating the burdens of people who are “forced” to rent because they cannot afford to buy a house that they like.[/quote]

LOL.

I was just back on sdlookup in several zip codes today. Your tongue-in-cheek statement supports my argument that there is plenty of inventory out there to buy. This leads me to the conclusion that buyers who are complaining about lack of inventory are either too picky and/or want to buy into an area at a deeper discount than the sellers in it are willing or able to sell at.

There are areas in SD County for buyers in ALL price ranges. The caveat is that a prospective buyer has to be willing to accept what is on offer in their price range. The days of buying RE which is a few notches up one’s actual current “station in life” are gone.[/quote]

Sure, and if you look in 92126, you’ll see the first dozen or so listings are trailer park trash mobile homes (literally)..

http://www.sdlookup.com/Real_Estate-Mira_Mesa-Homes_For_Sale-92126?srtcol=5

And the ones that are decently priced are all marked contingent.

Which brings me to the next sort of analogy…There’s a lot of women and men out there too, but you probably don’t want anything to do with them too. And the good women and men out there that are not excessively “overpriced” (by being overbearing) are probably mostly taken off the market once they go on the market…

Bad available inventory is as useful as no inventory. Unless, just like in relationship, one is so desperate and willing to setting for anyone or anything.

What’s more disturbing if you look at closings in 92126… The list is pretty long..

http://www.sdlookup.com/Closings-92126-Mira_Mesa… April looks very very busy.

[fat_lazy_union]

[quote=poorgradstudent]Considering I’ve been out of grad school for over two years now and am not quite so poor, I really need a new moniker. Is “Dr. Paul” for sale? ;)[/quote]

sure.. yours…

[fat_lazy_union]

[quote=chilaster]I speculate if in attendance are women out in facebook status ideas attendance who would receive it wide of the mark.[/quote]

You speaka englisha???

[fat_lazy_union]

Alright 🙂
[img_assist|nid=16185|title=|desc=|link=node|align=left|width=88|height=100]

New Avatar for me…

[img_assist|nid=16184|title=|desc=|link=node|align=left|width=99|height=100]
Sour Grapes For Everyone!

[fat_lazy_union]

It’s not just in L.A…It’s in SD…

This is my bellweather for rental prices in Mira Mesa….

http://gables.com/find/apartment/441-gables-summerset-san-diego-ca

One word to describe it: ouch…

1 Bedroom 500 sqft
39 2 10530 500 $1220 – $1535 10 Jul 2012
53 2 11134 500 $1255 – $1725 7 Jun 2012
44 1 10778 500 $1235 – $1405 Now
48 2 10946 500 $1230 – $1410 19 May 2012
44 1 10746 500 $1210 – $1565 30 May 2012
53 2 11126 500 $1230 – $1730 21 Jun 2012

1 Bedroom 645 sqft
49 1 10996 645 $1330 – $1720 30 Jun 2012
36 2 10434 645 $1360 – $1895 11 Jun 2012

2 Bedroom 767 sqft
04 1 11073 767 $1395 – $1825 Now
15 2 10771 767 $1420 – $1850 Now
29 2 10391 767 $1440 – $1870 Now
15 2 10775 767 $1420 – $1850 Now
07 2 11011 767 $1440 – $1870 Now
24 2 10535 767 $1420 – $1850 Now
27 2 10451 767 $1440 – $1870 Now

2 Bedroom 878 sqft
12 2 10875 878 $1625 – $2120 Now
23 2 10595 878 $1625 – $2120 Now
13 2 10847 878 $1625 – $2120 Now
21 2 10631 878 $1625 – $2120 Now
23 2 10575 878 $1625 – $2120 Now
27 2 10459 878 $1625 – $2120 Now
11 2 10895 878 $1625 – $2120 Now

2 Bedroom 917 sqft
40 2 10566 917 $1655 – $2150 Now
40 1 10536 917 $1650 – $2145 Now
49 2 10974 917 $1655 – $2150 Now
35 2 10386 917 $1655 – $2185 21 May 2012
50 1 11024 917 $1630 – $2125 Now
50 2 11010 917 $1655 – $2185 24 May 2012

Keep in mind this is a 1 year lease. Add roughly $200/month for 6month… The high end of the price range is for 3months

Rents gone up by about $50/month since March timeframe, on top of what I would already consider higher rent prices…
No wonder at the end of Mira Mesa Blvd and 15, some builder is rushing to build a new apartment complex…
It probably also why inventory is low in MM. If this is Mira Mesa condo rent, I can’t imagine what rent must be like in Carmel Valley right now.

..Wish I had deeper pockets. I really wish I did at this particular moment right now…Anotehr 4-5 units would be a great thing… I’m reaching a point if something good comes up, I’m saying to myself, buy it now, figure out how to pay for later by borrowing, begging, stealing (ok maybe not the stealing)….

[fat_lazy_union]

[quote=squat250]I would think everyone wants to be temeculaguy.

But I want to be arraya.[/quote]

Just the handle, not in real life…. Just the handle…..

[fat_lazy_union]

[quote=carlsbadworker]walterwhite = Dr. Paul <-> flu

flu doesn’t rename flu so he manages two IDs now.[/quote]

Well, i also had pri_dk2 because I thought maybe Harvey gave up pri_dk, but that failed miserably.

I kinda like being Dr. Paul sometimes and FLU other times. Matches my personality disorder pretty well.
It’s just easier for me. When I’m in location 1, I use one login, and when I’m in location 2, I use another… so now you can track me where I am, depending on my handle…. I’m starting to like this social media thing after all.

Can I expect and IPO of piggington.com soon? If so, where’s my friends/family shares?

[Author]

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