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outtamojo
Participant[quote=davelj][quote=harvey]
Not just me – our society and every society that has evolved out of the dark ages, see sex as something “sacred.” That’s why rape and child pornography are treated as the most egregious crimes in our society. That’s why sex offenders are treated as a special class of criminals. That’s why there is so much debate about how and when we teach our children about sex.
Anything that involves the most intimate parts of a person’s body and that is hard-wired to our emotional state deserves special treatment. If we don’t consider sex to be “sacred,” then there would be no reason to consider rape as more serious than financial fraud or even burglary.
And these are the reasons why any attempt to equate sex as “just another recreational activity” or prostitution “as just another business activity” is completely flawed. Sex is different.[/quote]
I should have said just an activity “between adults” – my mistake for omitting that distinction. And recall… these are my opinions (as I’ve made clear). I realize that much of the rest of society won’t agree with me here and I’m perfectly ok with that.[/quote]
You know, when sex is TOO sacred you have fathers murdering their own daughters for family honor, female circumsion, acid attacks etc- no thank you.
Also, I think it is agreed we are none of us approving child prostitution in any way shape or form.Participant[quote=AN][quote=Dr. Paul]No, actually I don’t feel sorry for them at all. As a current landlord and potentially even more so in the coming years, I do hope rent keeps going up… In fact I hope it skyrockets….
Personally, my living costs are going down with the ever decreasing mortgage rates and generally paying down the loan debt…Meanwhile, my income definitely is staying steadily if not gone up a bit during this time, as I have tacked on more passive income… (I was able to gain 1 rental property from this meltdown…And possible more in the future)…
And relatively speaking, stupid people that did stupid things for the matter have to deal with their consequences these days. They’re starting to finally get foreclosed on… They get to pay for higher rent now…to people like me…And a lot of them, the credit spigot is now off. They’re gonna miss out on the these killer cheap credit that will enable responsible people like us to grow our net worth…..
For the first time, I actually think people that have been financially responsible are starting to get the upper hand…,
Cheer up folks…It’s not all that bad for people that’s been responsible.[/quote]
I totally agree and that’s my sentiment exactly. It’s about damn time and I hope rent skyrockets.[/quote]The last 2 years I’ve had to pester the my renters at my higher end rental house to renew the lease. This year, they called 3 months before end of lease and asked ME if they could renew.
ParticipantHmmm. What would Ron Paul do?
Participant“Colombian hooker in Secret Service scandal says agents were idiots”
“Asked why she became a prostitute, Londono said “it’s an easy life” that would allow her to study and provide for her son. ”
Is Ron Paul popular in Columbia?
Participant[quote=The-Shoveler]I think we have entered the long drawn out depressing/boring phase.
A phase where the banks trickle out foreclourusers at just the absolute right amount
(An amount that would take years for the computer deep Thought to calculate) to keep comps depressed just
Enough to discourage anyone from listing…[/quote]So the sharpest minds in real estate work for banks now or have we ascribed to the banks a quality they may not actually have? I thought the consensus was that bankers were bunglers (can’t foreclose properly, robbed blind by insider short sales, etc…all of a sudden they can expertly manage inventory?
ParticipantIs Rim really in such dire straits?
Participant[quote=walterwhite]But why stop it?[/quote]
High school boys would think that would be their dream jobs- wow getting paid to have sex with a woman ? Awesome!
Participant[quote=briansd1]I agree on the point luck. Being born in the right family and environment are the most important factor.
People love the self-made myth because it gives them relevance. Psychologically, it’s more impressive than simple luck. And since “successful” people have more power that narrative becomes dominant.
I’ve ordered the book. We should have on online Piggington book club.[/quote]
Let’s not forget luck is also involved in being born with half a brain as opposed to being born a moron.
Participant[quote=sdrealtor]Much better advice and he’s in the Bay Area so multiply times 10[/quote]
This is what he will deal need to deal with
http://www.calculatedriskblog.com/2012/04/san-francisco-rents-on-tear.htmlParticipant[quote=SD Realtor]Personally I am thinking about becoming a secret service agent.[/quote]
Never quibble over price for services rendered.
Participant[quote=walterwhite]On my next vacation I’m going to stay home again. In fact I’m not going anywhere but Los Angeles, San Diego or palm springs ever again if I can avoid it[/quote]
Is there a nice place in Palm Springs with a resort style salt water pool?
ParticipantWhat’s he doin’ tellin everybody he’s got $300K cash?
Participant[quote=flu][quote=flu][quote=captcha]Do you plan to keep your current house (and mortgage) when you find an adequate move up property?[/quote]
yes.[/quote]
Correction. yes sort of…
I’m not sure why though… It would suck as a rental because even with a 15 year loan, I could probably cash flow it right now only $300/month after taxes interest/etc . That’s not too good because the equity in the place would be close to $460k. That would suck major donkey ass in terms of ROI.
Then again, I would have someone else paying for the remainder of the principal. Not sure if it would make more sense to sell and just buy investments that flows right away. Still haven’t figured out what to do. That said, my monthly is less then rent by about 1000 bucks a month and not like I can earn *that* much on my principal in CD now anyway.
I would refi back to a 30 year, but for some reason I just can’t bring myself to do that. In theory as a rental, I should because it would just lower my cost. In practice, may not be a rental for some time, in which case I want my payments to be going toward principal as much as possible. Then again, I’m going to be refinancing back out to the maximum limit to take advantage low interest rates and sidelining the money for more rental property should they be available. Then again, I don’t know when that might be. Then again, I might not need it because my company compensation package fully vest by the end of the year. Then again who knows where the stock market will be by then and what the tax rate will be next year. Then again, i can get hit by a bus tomorrow and it doesn’t really matter….
Decisions decisions decisions.[/quote]
Payments towards equity on a 15 year loan on a rental would be a blast to watch and was sooo tempting for us but, in the end, we opted for the safety of lower payments on a 30. The next decision was to put cash flow towards extra paymenst or save for another rental – where’s the inventory btw : )
Participant[quote=temeculaguy]Interesting article in the NC times today. It’s actually pretty balanced and much better than average for the local papers.
And an interactive map showing the ratio based on zip code
I’ve always seen rent to buy ratios as the end all, be all. For rentals and primary homes, it’ a simple formula and one that can predict the future better than anything else. We can talk doomsday all day long, but the masses tend to rent when it’s cheaper and they tend to buy when it’s within 10 or 15% of rent after tax deductions. Once it starts getting above that, renting becomes more attractive and more popular, hurting appreciation (but the last boom defied that theory, temporarily). Since the end of 2008 we entered something I’ve never seen, where renting costs more than owning, I’m surprised it’s lasted and I doubt it will continue. After looking at that map, it’s obvious that all areas are not experiencing the same percentages and I believe if we look back in 5 years, the greatest appreciation will be the areas with the best ratios right now. Many areas exceed 40% cheaper to buy than to rent, that will not last forever, mark my words.[/quote]
I agree re rent vs buy ratios as a buy signal. No need for $600/plate macro presentations ala Bruce Norris. Only thing I would add is an adjustment for historical rent vs buy as places like La Jolla “proper” (not Santee!) never approach the rent vs buy ratios of say a San Marcos or Riverside
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