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ParticipantIt would be ironic if all the rentals affected just raise their rents by the max every year. At least until they match rent with all the newer apartments that are not covered by the law.
ParticipantT probably wouldn’t get what they paid for it ($49B) and they would lose $8B/year in EBITA. If they did it, probably would have to cut the dividend for a while.
September 17, 2019 at 11:38 AM in reply to: Why the hell is parental wealth taken into account for student aid? #813611Participant[quote=scaredyclassic]
Make tuition require the same disclosures as security prospectuses.[/quote]Sounds great, but I’m assuming 99% of the people wouldn’t read them, just like prospectuses for investments. LOL
Participant[quote=flu]529ks can pretty much be rolled over from one account to another belonging to the same owner. 529 accounts can also be rolled over between accounts for the same beneficiary. The beneficiary of a 529k account can also be changed. The gift tax exemption per person is now more than 10million making large rollovers among beneficiary moot… 4 variables to play with years before college…..[/quote]
True, but you don’t have to file the paperwork if you go over the $15/year. Not that the IRS is really checking that closely though.
ParticipantBack to the original post.
The drawback of the 529 is that it can impact the student’s financial aid package.
https://www.reuters.com/article/us-column-feldman-529/dont-let-that-529-college-plan-hurt-your-financial-aid-idUSBRE93S0LZ20130429The argument can be made that non-parents shouldn’t use the 529’s for the “future” student. They’re better off paying the tuition directly which doesn’t count as a gift to the IRS.
As for a 529 owned by the parent or student, you could invest in 401k/IRA instead, but there of course are limitations associated with those vehicles vs 529.
https://www.cappex.com/articles/money/how-to-shelter-assets-on-the-fafsaParticipantWell, there’s those people in IL that changed custody of their kids to a different legal guardian to get scholarships. That seems easier than moving to the east coast.
Participanthah…
Only skimmed the paper so far – academic vs political commentary so interesting from an economics perspective.
Basically, the Chinese have lent to certain countries using opaque terms, other countries have more transparent terms. Generally based on their level of per capita income/level of development.
One interesting item is that China was concerned about how certain countries would use the funds and was loathe to distribute funds directly. Instead they would distribute to Chinese companies. Other items was that the level of debt is probably understated and that financial institutions should re-evaluate the credit worthiness of developing country debt.Maybe distributing $Ts of funds to countries with high corruption is better than $Ts in fighting in Iraq and Afganistan. On the other hand, you might just trade western type corruption/waste in Africa for Chinese type corruption/waste. Wouldn’t surprise me if Chinese investment ends up being as useless as western investment in Africa.
ParticipantChina has lent ~$700B to developing world (2x IMF+World Bank), at least so says this paper.
Download before they take it away, lol
https://www.ifw-kiel.de/fileadmin/Dateiverwaltung/IfW-Publications/Christoph_Trebesch/KWP_2132.pdfSeptember 12, 2019 at 10:46 AM in reply to: Rural Urban Divide, Millennial Lifestyles & City of the Future #813513Participant[quote=spdrun]The Shoveler — kids in NYC (generally the outer boroughs, but not the suburbs) actually have more opportunities than suburban kids. Get into a decent high-school and they have co-op programs where they can help do research at local universities like CUNY and Rockefeller.[/quote]
One of the problems of having kids NYC is that your kids have to test in to get into one of the better high schools (Bronx Science, Stuyvesant, etc).
https://www.manhattan-institute.org/performance-of-new-york-specialized-high-schools-shsat
The other schools are not nearly as good, so some parents feel compelled for private schools if they don’t get in. Of course that sets you back $40k/year.On the other hand, here in CA an other states, you buy your way in to a better school district with higher home prices.
But the worst is NJ. High income taxes, high property taxes >2%), schools can be crappy, roads are terrible.
September 12, 2019 at 10:33 AM in reply to: Rural Urban Divide, Millennial Lifestyles & City of the Future #813512ParticipantI remember in 2009 when people were concerned Lake Las Vegas was going to drain.
ParticipantT has done a good job of wasting shareholder value. The relative performance has been pretty crappy.
Sometimes I get tempted, but the EV is already $465B and sitting on $200B of debt.
https://activatingatt.com/wp-content/uploads/2019/09/Elliotts-Letter-to-ATT_09092019.pdf
Sounds interesting, but a 60% increase would mean AT&T is at $740B company – I just find that hard to believe.And who’s heard of a company where it’s better to buy your stock because of the dividends than it is to pay off the debt…
ParticipantI have yet to see the use case for 5G with today’s technology and applications. There’s very few applications that need the bandwidth and the higher frequencies reduce the coverage area/antenna or need more towers. Eventually someone will figure something, but I don’t think it’s worth the cost at the consumer level yet.
I actually see a need for more satellite based Wi-Fi in areas not easily serviced by cell towers. That would improve service to way more people around the world than 5G will at the moment.Thinking about switching to a MVNO when my 2 years for discounted phone ends.
https://www.whistleout.com/CellPhones/Guides/verizon-mvnos
https://www.whistleout.com/CellPhones/Guides/att-mvnos
https://www.whistleout.com/CellPhones/Guides/t-mobile-mvnosParticipant[quote=spdrun]FiH — the future is subscription in dense urban areas. In less dense cities like San Diego, people use their cars like purses or backpacks … they don’t want to have to fully unload them between uses. Don’t underestimate the pack-rat tendencies of most Americans.[/quote]
That sounds about right. If you’re in NYC, yeah, you don’t need a car. But in SD… people have sports gear, surfboards, kids strollers, etc.
Participant[quote=FlyerInHi]Shoveler, that underscores the importance of the chinese market. It’s big enough for everything.
Other foreigners are licking their chops at the prospect of a Trump presidential order to pull out of China. American brands will have to fire sale their operations in China. The Hilton will be rebranded Sofitel or Movenpick.[/quote]That’s why if US pulled out from China, it would ban any other company that does business in China from doing business in the US including banks – maybe even SWIFT. Like the Iran or NK policy.
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