[njtosd]

[quote=SK in CV]Like I said BG, I don’t have much of a problem with a strategic default. Bad borrowers didn’t cause the problem. Bad lenders did. Lenders take risks. Strategic defaults is one of them.[/quote]

Let’s not be ridiculous here. Without the “bad borrowers” there wouldn’t have been a problem. They were not the only source of the problem, but they were indispensable, just as the banks, etc. were.

[njtosd]

Received from a Detroit friend:

http://thehayride.com/wp-content/uploads/2012/08/hiroshima-detroit.jpg

[njtosd]

[quote=SK in CV][quote=SD Realtor]Sounds like there should be no private entities then because any service industry that has multiple providers is less efficient then a single entity.

Hmmm curious logic.[/quote]

I was specifically talking about residential trash pick-up. And yes, it’s perfect logic. Everyone gets almost identical service, differing only in the number of trash cans. You tell me, which would be more efficient, one provider stopping at every house once a week or 10 different providers driving the exact same route every week, but stopping, on average at every 10th house?[/quote]

SK – you are completely missing the importance of competition for keeping price down. A single supplier is also known as a monopoly – and few want that. Somewhere between one and a billion suppliers is optimal, depending on what the good or service is.

[njtosd]

[quote=spdrun]

If the US is so vulgar, why are you here? I guess you must enjoy it.

Because I have family and some friends here, also live in NY City which has little in common with the rest of the US. Given another few years, unlikely that I’ll be spending more than 50% of my time here.

Also, I’m not in the economic position of the average American, but at the same time I have empathy. If I were in the position that the average American is in, I’d likely be in jail a long time ago for popping my boss in the nose.

And yes, I’m pretty content in working 25-30 hours per week avg, sometimes taking a month off, as a well-paid freelancer, sitting on some profitable rental property and not being as productive as I could be nor working to my potential. I wasn’t born smart to spend the rest of my life working like a dog, but rather follow the adage “work smarter, not harder.”[/quote]

First – Please tell me that you don’t think NY treats its citizens better than the US as a whole treats US citizens. You’re posts always seem a little crazy, but not crazy enough to believe that NY is a bastion of good government.

Second – you have probably been reading this website long enough to figure out that most people here are “not in the economic position of the average American.” I’m not really sure why you mention that. I’m also not sure why you’d mention that you have tendencies toward violence that you have a hard time resisting. But based on your own confessions, I think that the average American is probably better off when you’re on the Continent.

I never asked whether you were content – but since you’re content here in the land of vulgarity (some of which you can take credit for) it sounds like you are protesting a bit too much.

And finally, I cannot imagine an adage more trite than “work smarter, not harder.” It reminds me of the poster of the kitten suspended from a branch underneath which there is the caption “Hang in There, Baby.” Use your copious free time to come up with something a bit more insightful.

[njtosd]

[quote=spdrun]No typo — vulgarity (the way the US treats its own citizens) begets vulgarity.[/quote]

If the US is so vulgar, why are you here? I guess you must enjoy it.

[njtosd]

[quote=spdrun]especially since this country has cunt-all for a social safety net? [/quote]

I assume this was a typo (?)

[njtosd]

[quote=burghMan] It’s even in a different county. There are some very nice areas around Detroit, including Troy, north of the “8 mile”. [/quote]

BurghMan – you must be from CA. It may be “the 5” here, but in Detroit, it’s just 8 mile (also the name of Eminem’s movie). It separates Detroit from everything else.

[njtosd]

As an attorney, I would be *very* reluctant to advertise a fixed price such as mr foley does. What if a dr said he’d fix a runny nose for $100? A runny nose can be a cold but can also be a symptom of a brain tumor. Ethically, you are obligated to do the best job possible for the client once you have a chosen to represent him or her – but what if the best job takes 20 hrs and you’re only getting paid for one ….?

If you read through it, the price includes an amount to teach you how to do it yourself. Is that really what you want? See if you can contact a law professor (such as one at USD) who teaches trusts and estates and see if they can give you a recommendation.

[njtosd]

[quote=spdrun]

Really? How many people want to move to the rust belt? If you look at any representation of population change by state the northeast is losing population and the southwest is gaining

This isn’t universally true — NYC, Boston, and DC all gained in the last 10 year, and have similarly harsh climates to Michigan. OK, NYC and DC have less strong winters, but still unfavorable to many people.

The problem isn’t climate or location; it’s lack of industry and laws/corruption that don’t favor establishment of new industry.[/quote]

There is a difference between being willing to relocate to an economically viable area (NYC, DC) and convincing enough people to move to a blighted area to revitalize it. I grew up outside of Detroit. The Renaissance Center (which you see in every stock photo of the city) was built 30 yrs ago as part of a major effort to revitalize the city. At that point it was probably possible – but I don’t think it is any longer. And I do believe it was politicians (influenced by the unions and the big three) that killed the city. Case in point – Kwame Kilpatrick, who will soon be sentenced to an additional prison term of 20-30 years.

[njtosd]

[quote=Hobie] relax the constraints of energy production and Motor City will return as we will always need lots of new cars/trucks.[/quote]

Really? How many people want to move to the rust belt? If you look at any representation of population change by state the northeast is losing population and the southwest is gaining. Michigan is perpetually overcast and humid, with hot summers and cold snowy winters. With auto manufacturing plants all over the country, Detroit’s rebirth is unlikely.

This is not the first time this has happened in Michigan. The capital of the state was at one time suggested to be Calumet. Have you ever heard of it? It’s in the upper peninsula and was the seat of the mining industry in Michigan, which was huge up until about 1900. According to Wikipedia:

“Copper mining in the Upper Peninsula boomed, and from 1845 until 1887 (when it was exceeded by Butte, Montana) the Michigan Copper Country was the nation’s leading producer of copper. In most years from 1850 through 1881, Michigan produced more than three-quarters of the nation’s copper, and in 1869 produced more than 95% of the country’s copper.”

The mining companies pulled out, moving to Arizona and other parts of the southwest; Calumet (and the rest of the area) imploded and never came back. Detroit is obviously much larger, but I believe the same will happen there. Industries change, and areas that depend on single industries are vulnerable.

[njtosd]

[quote=CardiffBaseball][quote=FlyerInHi]I hear that Ann Arbor is nice.

[/quote]

Ann Arbor is a whore.

Go Bucks[/quote]

Go Blue.

And I think you mean Buckeyes . . . .

[njtosd]

[quote=mike92104] Unfortunately as a whole, the media industry has simply forgotten how to provide facts without opinion.[/quote]

Agree whole heartedly.

[njtosd]

I grew up outside of Detroit. I rarely hear anyone mention the long term effects of the riots in the late 60s (other than the ensuing white flight). In 1990, there were still burned out buildings left over from the riots. And Mayor Coleman Young promoted the idea of continually increasing taxes on downtown businesses – who eventually found it more convenient and safer to move what was left of their businesses to the suburbs.its a sad day – but the blame should be placed on governmental short sightedness before even bothering to look at the big three or the unions.

[njtosd]

We have been looking to rent (I know you’re interested in buying) some office space; it seems to me cityfeet.com has more info than loopnet –

[njtosd]

Hmm – lookingtobuy – unless your lender makes some requirement of exclusivity prior to agreeing to a lock you are free to do as you choose. Lenders are big boys and girls and should know how to hedge their bets. There are lots of disappointments in the world – you need to look after your own financial well being.

[Author]

Posts