Forum Replies Created
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AuthorPosts
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HLS
ParticipantPatient,
I AGREE with you.. My comment was pretty clear.My point was that depositors will be made whole, it just may not be possible THE NEXT BUSINESS DAY.
It could be weeks, it could be years. I DON’T KNOW.From memory, I think that the recent FDIC bank failures (3 in 2007 and 3 in 2008 so far) The largest had 175,000 accounts…
If a HUGE bank were to fail, you are talking millions of accounts. Potential $100,000 x 1 million = $100 BILLION ++
(per million accounts)Of course many people don’t have $100K, but retirement accounts are insured up to $250K..
The POTENTIAL exposure is beyond belief, and everybody seems comfortable that it just won’t happen.They can transfer statement balances around all they want, the withdrawl of CASH the NEXT BUSINESS DAY will not be possible. They couldn’t print the bills that fast.
I’m not saying that it will happen, but if you expect the 500 year flood and be prepared, and you’ll never be surprised.
I talked to a life insurance exec about 9/11, he said that payouts weren’t a problem for most, just a blip.
The UNKNOWN is a WW2 type event, losing million+ lives in a short time period.Disasters happen, 32,000++ DEAD from one little earthquake in China last week. Myanmar, Katrina, etc..$!*& HAPPENS!
If someone is comfortable having UNinsured funds because of what the charter states who I am to argue ?
Participantduuuude,
No harm, no foul. Thats what I thought when I read your post.. (you jump down my throat)I can enjoy a discussion about Chinese buffets and mattresses, just as much as accounting fraud as related to a subprime lender.
You’re right, my post was pathetic, just like most of the others. Where would this website be without them ?
Who should I check with in the future to avoid starting “pathetic” threads ??
Participantduuuude,
No harm, no foul. Thats what I thought when I read your post.. (you jump down my throat)I can enjoy a discussion about Chinese buffets and mattresses, just as much as accounting fraud as related to a subprime lender.
You’re right, my post was pathetic, just like most of the others. Where would this website be without them ?
Who should I check with in the future to avoid starting “pathetic” threads ??
Participantduuuude,
No harm, no foul. Thats what I thought when I read your post.. (you jump down my throat)I can enjoy a discussion about Chinese buffets and mattresses, just as much as accounting fraud as related to a subprime lender.
You’re right, my post was pathetic, just like most of the others. Where would this website be without them ?
Who should I check with in the future to avoid starting “pathetic” threads ??
Participantduuuude,
No harm, no foul. Thats what I thought when I read your post.. (you jump down my throat)I can enjoy a discussion about Chinese buffets and mattresses, just as much as accounting fraud as related to a subprime lender.
You’re right, my post was pathetic, just like most of the others. Where would this website be without them ?
Who should I check with in the future to avoid starting “pathetic” threads ??
Participantduuuude,
No harm, no foul. Thats what I thought when I read your post.. (you jump down my throat)I can enjoy a discussion about Chinese buffets and mattresses, just as much as accounting fraud as related to a subprime lender.
You’re right, my post was pathetic, just like most of the others. Where would this website be without them ?
Who should I check with in the future to avoid starting “pathetic” threads ??
Participantduuuude. CHILL.
You misunderstood the reply, which was to the comment made previously by JWM, which was spot on. (i.e. A FACT)
There was no mention of 1100 POSTS and the thread being hijacked, the FACT was that over 1100 people HAD READ the buffet thread, and only 11% of that number had read this thread. (HITS)
AGAIN, nothing to do with how many posts. HITS/Readers and POSTERS are 2 different things.
The fact remains that 9 times the number of people were interested in reading the buffet thread than this one, based on the forum topic headline.
As of the time I posted, those simply were the facts.
I can handle it.Twist the facts however you want.
If subtle=128 and popular=1128, then in this case, subtle is NOT just as good as popular.To put it another way, there was no comparison of the number of posts here VS the number of posts on the other thread.
That being said, and rereading your post, your comment doesn’t make any sense, at least not to me.
If the govt gets a hold of my facts, they will somehow turn it into a report that states that this post is more popular than the other one*
(*Based on seasonally adjusted numbers)Participantduuuude. CHILL.
You misunderstood the reply, which was to the comment made previously by JWM, which was spot on. (i.e. A FACT)
There was no mention of 1100 POSTS and the thread being hijacked, the FACT was that over 1100 people HAD READ the buffet thread, and only 11% of that number had read this thread. (HITS)
AGAIN, nothing to do with how many posts. HITS/Readers and POSTERS are 2 different things.
The fact remains that 9 times the number of people were interested in reading the buffet thread than this one, based on the forum topic headline.
As of the time I posted, those simply were the facts.
I can handle it.Twist the facts however you want.
If subtle=128 and popular=1128, then in this case, subtle is NOT just as good as popular.To put it another way, there was no comparison of the number of posts here VS the number of posts on the other thread.
That being said, and rereading your post, your comment doesn’t make any sense, at least not to me.
If the govt gets a hold of my facts, they will somehow turn it into a report that states that this post is more popular than the other one*
(*Based on seasonally adjusted numbers)Participantduuuude. CHILL.
You misunderstood the reply, which was to the comment made previously by JWM, which was spot on. (i.e. A FACT)
There was no mention of 1100 POSTS and the thread being hijacked, the FACT was that over 1100 people HAD READ the buffet thread, and only 11% of that number had read this thread. (HITS)
AGAIN, nothing to do with how many posts. HITS/Readers and POSTERS are 2 different things.
The fact remains that 9 times the number of people were interested in reading the buffet thread than this one, based on the forum topic headline.
As of the time I posted, those simply were the facts.
I can handle it.Twist the facts however you want.
If subtle=128 and popular=1128, then in this case, subtle is NOT just as good as popular.To put it another way, there was no comparison of the number of posts here VS the number of posts on the other thread.
That being said, and rereading your post, your comment doesn’t make any sense, at least not to me.
If the govt gets a hold of my facts, they will somehow turn it into a report that states that this post is more popular than the other one*
(*Based on seasonally adjusted numbers)Participantduuuude. CHILL.
You misunderstood the reply, which was to the comment made previously by JWM, which was spot on. (i.e. A FACT)
There was no mention of 1100 POSTS and the thread being hijacked, the FACT was that over 1100 people HAD READ the buffet thread, and only 11% of that number had read this thread. (HITS)
AGAIN, nothing to do with how many posts. HITS/Readers and POSTERS are 2 different things.
The fact remains that 9 times the number of people were interested in reading the buffet thread than this one, based on the forum topic headline.
As of the time I posted, those simply were the facts.
I can handle it.Twist the facts however you want.
If subtle=128 and popular=1128, then in this case, subtle is NOT just as good as popular.To put it another way, there was no comparison of the number of posts here VS the number of posts on the other thread.
That being said, and rereading your post, your comment doesn’t make any sense, at least not to me.
If the govt gets a hold of my facts, they will somehow turn it into a report that states that this post is more popular than the other one*
(*Based on seasonally adjusted numbers)Participantduuuude. CHILL.
You misunderstood the reply, which was to the comment made previously by JWM, which was spot on. (i.e. A FACT)
There was no mention of 1100 POSTS and the thread being hijacked, the FACT was that over 1100 people HAD READ the buffet thread, and only 11% of that number had read this thread. (HITS)
AGAIN, nothing to do with how many posts. HITS/Readers and POSTERS are 2 different things.
The fact remains that 9 times the number of people were interested in reading the buffet thread than this one, based on the forum topic headline.
As of the time I posted, those simply were the facts.
I can handle it.Twist the facts however you want.
If subtle=128 and popular=1128, then in this case, subtle is NOT just as good as popular.To put it another way, there was no comparison of the number of posts here VS the number of posts on the other thread.
That being said, and rereading your post, your comment doesn’t make any sense, at least not to me.
If the govt gets a hold of my facts, they will somehow turn it into a report that states that this post is more popular than the other one*
(*Based on seasonally adjusted numbers)ParticipantI agree with you, I would just say most of the time, (not always)and in the right markets.
(Or at least it has been in the past, which isn’t a guarantee of future returns)When the property pencils out from day one, there is still risk, but it’s a safer bet than when you need some crazy appreciation to have the “investment” make sense.
There are about 40 states today that have properties that can be bought that will pencil out TODAY as a reasonable investment, based on ROI.
Absentee ownership isn’t for everyone, having property managers and being charged for little things that you cannot drive over and do drives some people nuts.
There are plenty of markets that had no bubble and even areas that have $100,000 +/- houses ALWAYS have renters looking to rent.
With mortgage rates historically low, and 25% down if you qualify, Buying a house for $135,000 that rents for $900-$1000 a month isn’t difficult at all. And the P&I payment on $100K is $616. Even with T&I, and a management fee, (you start off by paying $100 a month in principal) it’s not so crazy.
Don’t forget the lost opportunity value of your down payment (which isn’t much today)
You get a much larger (% of purchase price) tax deduction for depreciation in most other states where land is cheaper.
There is super opportunity and many OUT OF STATE areas probably have hit bottom, and will just be flat for awhile. Rentals in So Cal make no sense to me any more.
When I was kid, it was a simple theory. If you can at least break even PITI from day one, and get the depreciation, just take any appreciation as a bonus and let the tenants pay off your mortgage. Never EXPECT appreciation.
Slow and steady. Turtle & the hare etc..
I talked to a guy today who is out of pocket $5,000 a month on his rentals, and he has negative equity.
He foolishly took 15 YR mortgages on rental properties so has huge payments. Not something that I recommend.His RE “expert” told him TODAY that the local market is only going down another 5%. I said UH-HUH.
Plenty of opportunity out there for those with the stomach.
YEP, It’s a great time to buy,,,, just not around here.ParticipantI agree with you, I would just say most of the time, (not always)and in the right markets.
(Or at least it has been in the past, which isn’t a guarantee of future returns)When the property pencils out from day one, there is still risk, but it’s a safer bet than when you need some crazy appreciation to have the “investment” make sense.
There are about 40 states today that have properties that can be bought that will pencil out TODAY as a reasonable investment, based on ROI.
Absentee ownership isn’t for everyone, having property managers and being charged for little things that you cannot drive over and do drives some people nuts.
There are plenty of markets that had no bubble and even areas that have $100,000 +/- houses ALWAYS have renters looking to rent.
With mortgage rates historically low, and 25% down if you qualify, Buying a house for $135,000 that rents for $900-$1000 a month isn’t difficult at all. And the P&I payment on $100K is $616. Even with T&I, and a management fee, (you start off by paying $100 a month in principal) it’s not so crazy.
Don’t forget the lost opportunity value of your down payment (which isn’t much today)
You get a much larger (% of purchase price) tax deduction for depreciation in most other states where land is cheaper.
There is super opportunity and many OUT OF STATE areas probably have hit bottom, and will just be flat for awhile. Rentals in So Cal make no sense to me any more.
When I was kid, it was a simple theory. If you can at least break even PITI from day one, and get the depreciation, just take any appreciation as a bonus and let the tenants pay off your mortgage. Never EXPECT appreciation.
Slow and steady. Turtle & the hare etc..
I talked to a guy today who is out of pocket $5,000 a month on his rentals, and he has negative equity.
He foolishly took 15 YR mortgages on rental properties so has huge payments. Not something that I recommend.His RE “expert” told him TODAY that the local market is only going down another 5%. I said UH-HUH.
Plenty of opportunity out there for those with the stomach.
YEP, It’s a great time to buy,,,, just not around here.ParticipantI agree with you, I would just say most of the time, (not always)and in the right markets.
(Or at least it has been in the past, which isn’t a guarantee of future returns)When the property pencils out from day one, there is still risk, but it’s a safer bet than when you need some crazy appreciation to have the “investment” make sense.
There are about 40 states today that have properties that can be bought that will pencil out TODAY as a reasonable investment, based on ROI.
Absentee ownership isn’t for everyone, having property managers and being charged for little things that you cannot drive over and do drives some people nuts.
There are plenty of markets that had no bubble and even areas that have $100,000 +/- houses ALWAYS have renters looking to rent.
With mortgage rates historically low, and 25% down if you qualify, Buying a house for $135,000 that rents for $900-$1000 a month isn’t difficult at all. And the P&I payment on $100K is $616. Even with T&I, and a management fee, (you start off by paying $100 a month in principal) it’s not so crazy.
Don’t forget the lost opportunity value of your down payment (which isn’t much today)
You get a much larger (% of purchase price) tax deduction for depreciation in most other states where land is cheaper.
There is super opportunity and many OUT OF STATE areas probably have hit bottom, and will just be flat for awhile. Rentals in So Cal make no sense to me any more.
When I was kid, it was a simple theory. If you can at least break even PITI from day one, and get the depreciation, just take any appreciation as a bonus and let the tenants pay off your mortgage. Never EXPECT appreciation.
Slow and steady. Turtle & the hare etc..
I talked to a guy today who is out of pocket $5,000 a month on his rentals, and he has negative equity.
He foolishly took 15 YR mortgages on rental properties so has huge payments. Not something that I recommend.His RE “expert” told him TODAY that the local market is only going down another 5%. I said UH-HUH.
Plenty of opportunity out there for those with the stomach.
YEP, It’s a great time to buy,,,, just not around here. -
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