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Navydoc
ParticipantI saw this this morning and was planning on posting it here myself. Interesting thing happened while I was looking at it. I had it up on a computer in a conference room during an OB clinic, approximately 6 people in the room, 1 Nurse Practitioner, 2 RN’s, a Nurse Practitioner student and a couple of Medical Assistants. When I commented on it one of the RN’s said “God, they have to do something to stop these foreclosures!” It was then that I realized we are still deep in the denial phase of this correction. I calmly explained to those in the room that no, that’s the worst thing we could do, as it would just prolong the pain and house prices would remain artificially high. I asked those present what they thought the median income was, and when they answered I explained the multiple of 3 rule for a safe mortgage. The Nurse Practitioner said ” no way will we see $200-300K medians again”.
Kool aid still flowing freely in South Bay LA. I guess this explains why there has been so little price reduction lately. And is it my imagination, or has there been a huge increase in the number of houses removed from the market the past few weeks? Are these pending foerclosures/REO’s?
At least for me and my wife, unless there are some massive price reductions this Winter, I think we’ll put off buying for a while. Rentals on Craigs List seem to be proliferating. There is also a lingering possibility I will get shipped off to Bethesda next Summer. Will likely still be circling for a bit.
ParticipantI saw this this morning and was planning on posting it here myself. Interesting thing happened while I was looking at it. I had it up on a computer in a conference room during an OB clinic, approximately 6 people in the room, 1 Nurse Practitioner, 2 RN’s, a Nurse Practitioner student and a couple of Medical Assistants. When I commented on it one of the RN’s said “God, they have to do something to stop these foreclosures!” It was then that I realized we are still deep in the denial phase of this correction. I calmly explained to those in the room that no, that’s the worst thing we could do, as it would just prolong the pain and house prices would remain artificially high. I asked those present what they thought the median income was, and when they answered I explained the multiple of 3 rule for a safe mortgage. The Nurse Practitioner said ” no way will we see $200-300K medians again”.
Kool aid still flowing freely in South Bay LA. I guess this explains why there has been so little price reduction lately. And is it my imagination, or has there been a huge increase in the number of houses removed from the market the past few weeks? Are these pending foerclosures/REO’s?
At least for me and my wife, unless there are some massive price reductions this Winter, I think we’ll put off buying for a while. Rentals on Craigs List seem to be proliferating. There is also a lingering possibility I will get shipped off to Bethesda next Summer. Will likely still be circling for a bit.
ParticipantI saw this this morning and was planning on posting it here myself. Interesting thing happened while I was looking at it. I had it up on a computer in a conference room during an OB clinic, approximately 6 people in the room, 1 Nurse Practitioner, 2 RN’s, a Nurse Practitioner student and a couple of Medical Assistants. When I commented on it one of the RN’s said “God, they have to do something to stop these foreclosures!” It was then that I realized we are still deep in the denial phase of this correction. I calmly explained to those in the room that no, that’s the worst thing we could do, as it would just prolong the pain and house prices would remain artificially high. I asked those present what they thought the median income was, and when they answered I explained the multiple of 3 rule for a safe mortgage. The Nurse Practitioner said ” no way will we see $200-300K medians again”.
Kool aid still flowing freely in South Bay LA. I guess this explains why there has been so little price reduction lately. And is it my imagination, or has there been a huge increase in the number of houses removed from the market the past few weeks? Are these pending foerclosures/REO’s?
At least for me and my wife, unless there are some massive price reductions this Winter, I think we’ll put off buying for a while. Rentals on Craigs List seem to be proliferating. There is also a lingering possibility I will get shipped off to Bethesda next Summer. Will likely still be circling for a bit.
ParticipantIf I’m not mistaken, I think the reason while it’s illegal is in the early 20th century William Randolf Hearst spent a fortune demonizing MJ as the paper made from it is vastly superior to that made of wood pulp, and Hearst had invested heavily into paper mills for his newspaper industry. Wood pulp paper is crap, it actually destroys itself with time due to organic acids. Want to know what’s printed on hemp paper? Try the Declaration of Independence and the Constitution. I doubt those documents would still exist if they were printed on wood paper.
One more thing, from a medical standpoint MJ does far less damage to your body than alcohol, and is NOT addictive, so count me in the “make it legal” camp of Piggs.
ParticipantIf I’m not mistaken, I think the reason while it’s illegal is in the early 20th century William Randolf Hearst spent a fortune demonizing MJ as the paper made from it is vastly superior to that made of wood pulp, and Hearst had invested heavily into paper mills for his newspaper industry. Wood pulp paper is crap, it actually destroys itself with time due to organic acids. Want to know what’s printed on hemp paper? Try the Declaration of Independence and the Constitution. I doubt those documents would still exist if they were printed on wood paper.
One more thing, from a medical standpoint MJ does far less damage to your body than alcohol, and is NOT addictive, so count me in the “make it legal” camp of Piggs.
ParticipantIf I’m not mistaken, I think the reason while it’s illegal is in the early 20th century William Randolf Hearst spent a fortune demonizing MJ as the paper made from it is vastly superior to that made of wood pulp, and Hearst had invested heavily into paper mills for his newspaper industry. Wood pulp paper is crap, it actually destroys itself with time due to organic acids. Want to know what’s printed on hemp paper? Try the Declaration of Independence and the Constitution. I doubt those documents would still exist if they were printed on wood paper.
One more thing, from a medical standpoint MJ does far less damage to your body than alcohol, and is NOT addictive, so count me in the “make it legal” camp of Piggs.
ParticipantIf I’m not mistaken, I think the reason while it’s illegal is in the early 20th century William Randolf Hearst spent a fortune demonizing MJ as the paper made from it is vastly superior to that made of wood pulp, and Hearst had invested heavily into paper mills for his newspaper industry. Wood pulp paper is crap, it actually destroys itself with time due to organic acids. Want to know what’s printed on hemp paper? Try the Declaration of Independence and the Constitution. I doubt those documents would still exist if they were printed on wood paper.
One more thing, from a medical standpoint MJ does far less damage to your body than alcohol, and is NOT addictive, so count me in the “make it legal” camp of Piggs.
ParticipantIf I’m not mistaken, I think the reason while it’s illegal is in the early 20th century William Randolf Hearst spent a fortune demonizing MJ as the paper made from it is vastly superior to that made of wood pulp, and Hearst had invested heavily into paper mills for his newspaper industry. Wood pulp paper is crap, it actually destroys itself with time due to organic acids. Want to know what’s printed on hemp paper? Try the Declaration of Independence and the Constitution. I doubt those documents would still exist if they were printed on wood paper.
One more thing, from a medical standpoint MJ does far less damage to your body than alcohol, and is NOT addictive, so count me in the “make it legal” camp of Piggs.
Participant[quote=kewp]Does anyone here seriously think the people making $250k a year are doing ten times the work of those making $25k a year?
And those making 2.5 million are working ten times harder than those making $250k?[/quote]
No kewp, I don’t work harder than I did when I was making $3.35/hr in the 80’s. But what I had to do to get here in terms of education and training is easily 100X or more what I needed to do to qualify for the minimum wage jobs. I definitely feel I earned my rightful place in society, and it irks me when people say it’s my responsibility to provide for everyone else who worked less hard to get where they are than I have.
Don’t missunderstand, I realize the necessity of graduated taxes, just don’t expect my to be joyful about it. And $250,000 a year in Southern California is a comfortable living, but is by no means rich.
Participant[quote=kewp]Does anyone here seriously think the people making $250k a year are doing ten times the work of those making $25k a year?
And those making 2.5 million are working ten times harder than those making $250k?[/quote]
No kewp, I don’t work harder than I did when I was making $3.35/hr in the 80’s. But what I had to do to get here in terms of education and training is easily 100X or more what I needed to do to qualify for the minimum wage jobs. I definitely feel I earned my rightful place in society, and it irks me when people say it’s my responsibility to provide for everyone else who worked less hard to get where they are than I have.
Don’t missunderstand, I realize the necessity of graduated taxes, just don’t expect my to be joyful about it. And $250,000 a year in Southern California is a comfortable living, but is by no means rich.
Participant[quote=kewp]Does anyone here seriously think the people making $250k a year are doing ten times the work of those making $25k a year?
And those making 2.5 million are working ten times harder than those making $250k?[/quote]
No kewp, I don’t work harder than I did when I was making $3.35/hr in the 80’s. But what I had to do to get here in terms of education and training is easily 100X or more what I needed to do to qualify for the minimum wage jobs. I definitely feel I earned my rightful place in society, and it irks me when people say it’s my responsibility to provide for everyone else who worked less hard to get where they are than I have.
Don’t missunderstand, I realize the necessity of graduated taxes, just don’t expect my to be joyful about it. And $250,000 a year in Southern California is a comfortable living, but is by no means rich.
Participant[quote=kewp]Does anyone here seriously think the people making $250k a year are doing ten times the work of those making $25k a year?
And those making 2.5 million are working ten times harder than those making $250k?[/quote]
No kewp, I don’t work harder than I did when I was making $3.35/hr in the 80’s. But what I had to do to get here in terms of education and training is easily 100X or more what I needed to do to qualify for the minimum wage jobs. I definitely feel I earned my rightful place in society, and it irks me when people say it’s my responsibility to provide for everyone else who worked less hard to get where they are than I have.
Don’t missunderstand, I realize the necessity of graduated taxes, just don’t expect my to be joyful about it. And $250,000 a year in Southern California is a comfortable living, but is by no means rich.
Participant[quote=kewp]Does anyone here seriously think the people making $250k a year are doing ten times the work of those making $25k a year?
And those making 2.5 million are working ten times harder than those making $250k?[/quote]
No kewp, I don’t work harder than I did when I was making $3.35/hr in the 80’s. But what I had to do to get here in terms of education and training is easily 100X or more what I needed to do to qualify for the minimum wage jobs. I definitely feel I earned my rightful place in society, and it irks me when people say it’s my responsibility to provide for everyone else who worked less hard to get where they are than I have.
Don’t missunderstand, I realize the necessity of graduated taxes, just don’t expect my to be joyful about it. And $250,000 a year in Southern California is a comfortable living, but is by no means rich.
ParticipantTotally agree zk, it’s the ones you watched as kid that are the most special.
Mine was Steve Carlton, lefty pitcher for the Philadelphia Phillies in the 70’s and early 80’s. No world series will ever be able to top the 1980 series for me. Shame how Carlton went out though, but I will always remember his glory days.
Awesome threadjack.
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