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permabear
ParticipantCompletely agree with threadkiller.
Retrofit windows are tacky and I personally think they lower property value significantly. I would lower a purchase offer on a home with retrofit vinyls by at least $50k just because I would view tearing out and replacing all the windows as a necessity.
Go for a “new construction” window (meaning, you have to tear out the old ones, install, and restucco/etc). On the plus side, it gives you an opportunity to move around windows somewhat with minimal cost. You can easily make windows taller by extending them towards the ground (1940’s homes often had windows that were higher up the wall than current homes).
I did this at my last home, and was able to combine two 40″ windows into a single 96″ wide picture window, because the header running across the windows was contiguous. It was transformational.
ParticipantCompletely agree with threadkiller.
Retrofit windows are tacky and I personally think they lower property value significantly. I would lower a purchase offer on a home with retrofit vinyls by at least $50k just because I would view tearing out and replacing all the windows as a necessity.
Go for a “new construction” window (meaning, you have to tear out the old ones, install, and restucco/etc). On the plus side, it gives you an opportunity to move around windows somewhat with minimal cost. You can easily make windows taller by extending them towards the ground (1940’s homes often had windows that were higher up the wall than current homes).
I did this at my last home, and was able to combine two 40″ windows into a single 96″ wide picture window, because the header running across the windows was contiguous. It was transformational.
ParticipantWikileaks is the closest modern day equivalent we have to Deep Throat. Throwing darts at Julian Assange seems as silly as criticizing Bob Woodward for not revealing his source.
ParticipantWikileaks is the closest modern day equivalent we have to Deep Throat. Throwing darts at Julian Assange seems as silly as criticizing Bob Woodward for not revealing his source.
ParticipantWikileaks is the closest modern day equivalent we have to Deep Throat. Throwing darts at Julian Assange seems as silly as criticizing Bob Woodward for not revealing his source.
ParticipantWikileaks is the closest modern day equivalent we have to Deep Throat. Throwing darts at Julian Assange seems as silly as criticizing Bob Woodward for not revealing his source.
ParticipantWikileaks is the closest modern day equivalent we have to Deep Throat. Throwing darts at Julian Assange seems as silly as criticizing Bob Woodward for not revealing his source.
ParticipantActually, our justice system for white-collar crime has gotten way worse over the past 20 years.
[quote=Financial Times]How many financiers do you think ended up in jail after America’s Savings and Loans scandals? The answer can be found in a fascinating, old report from the US Department of Justice*.
According to some of its records, between 1990 and 1995 no less than 1,852 S&L officials were prosecuted, and 1,072 placed behind bars. Another 2,558 bankers were also jailed, often for offenses which were S&L-linked too. [/quote]
Full article: http://us.ft.com/ftgateway/superpage.ft?news_id=fto090320091244573891
ParticipantActually, our justice system for white-collar crime has gotten way worse over the past 20 years.
[quote=Financial Times]How many financiers do you think ended up in jail after America’s Savings and Loans scandals? The answer can be found in a fascinating, old report from the US Department of Justice*.
According to some of its records, between 1990 and 1995 no less than 1,852 S&L officials were prosecuted, and 1,072 placed behind bars. Another 2,558 bankers were also jailed, often for offenses which were S&L-linked too. [/quote]
Full article: http://us.ft.com/ftgateway/superpage.ft?news_id=fto090320091244573891
ParticipantActually, our justice system for white-collar crime has gotten way worse over the past 20 years.
[quote=Financial Times]How many financiers do you think ended up in jail after America’s Savings and Loans scandals? The answer can be found in a fascinating, old report from the US Department of Justice*.
According to some of its records, between 1990 and 1995 no less than 1,852 S&L officials were prosecuted, and 1,072 placed behind bars. Another 2,558 bankers were also jailed, often for offenses which were S&L-linked too. [/quote]
Full article: http://us.ft.com/ftgateway/superpage.ft?news_id=fto090320091244573891
ParticipantActually, our justice system for white-collar crime has gotten way worse over the past 20 years.
[quote=Financial Times]How many financiers do you think ended up in jail after America’s Savings and Loans scandals? The answer can be found in a fascinating, old report from the US Department of Justice*.
According to some of its records, between 1990 and 1995 no less than 1,852 S&L officials were prosecuted, and 1,072 placed behind bars. Another 2,558 bankers were also jailed, often for offenses which were S&L-linked too. [/quote]
Full article: http://us.ft.com/ftgateway/superpage.ft?news_id=fto090320091244573891
ParticipantActually, our justice system for white-collar crime has gotten way worse over the past 20 years.
[quote=Financial Times]How many financiers do you think ended up in jail after America’s Savings and Loans scandals? The answer can be found in a fascinating, old report from the US Department of Justice*.
According to some of its records, between 1990 and 1995 no less than 1,852 S&L officials were prosecuted, and 1,072 placed behind bars. Another 2,558 bankers were also jailed, often for offenses which were S&L-linked too. [/quote]
Full article: http://us.ft.com/ftgateway/superpage.ft?news_id=fto090320091244573891
ParticipantThis completely fits in with my personal psychological theories (somewhat educated due to college degrees).
My theory is that animals (and hence humans) have a certain psychological rhythm, largely dictated from millions of years of seasonal changes, that impacts larger trends. Most recessions tend to last roughly a seasonal change. Even the Great Depression is better understood as a series of recessions/recoveries over a multi-seasonal time period. It just so happened the overall trend was down – think of it as a few years in a row when you get frost and can’t harvest, or the local wildlife becomes diseased, or whatever. Point is, there’s a seasonal, semi-sinusoidal wave to things.
So WTF does this have to do with this post?
I think most people are “tired” of things being bad. They’ve reached their saturation level, and are ready for things to turn back up. All it’ll take is a few quarters of things really starting to improve, and people will say “hey – things are getting better!”
It actually doesn’t matter if the “economic fundamentals” support it. Everything boils down to emotional states, which are THE leading factor. Despite the fact QE will destroy the future of our country, The Bernanke realizes inflating a big stock market rally will help people get excited again.
ParticipantThis completely fits in with my personal psychological theories (somewhat educated due to college degrees).
My theory is that animals (and hence humans) have a certain psychological rhythm, largely dictated from millions of years of seasonal changes, that impacts larger trends. Most recessions tend to last roughly a seasonal change. Even the Great Depression is better understood as a series of recessions/recoveries over a multi-seasonal time period. It just so happened the overall trend was down – think of it as a few years in a row when you get frost and can’t harvest, or the local wildlife becomes diseased, or whatever. Point is, there’s a seasonal, semi-sinusoidal wave to things.
So WTF does this have to do with this post?
I think most people are “tired” of things being bad. They’ve reached their saturation level, and are ready for things to turn back up. All it’ll take is a few quarters of things really starting to improve, and people will say “hey – things are getting better!”
It actually doesn’t matter if the “economic fundamentals” support it. Everything boils down to emotional states, which are THE leading factor. Despite the fact QE will destroy the future of our country, The Bernanke realizes inflating a big stock market rally will help people get excited again.
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