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spdrun
ParticipantThere’s the food/dining problem, groceries, and certainly discrimination when you live where you are the minority.
There’s no shortage of heavily-Asian areas in and around NJ/NYC.
ParticipantYou’re confusing sadism with rent seeking.
ParticipantIn that market, much cheaper to rent than to buy 🙂 Or at least hold short-term.
Not like you can just walk away without a lifelong deficiency judgement.
ParticipantI don’t really want to increase my net worth. I’m looking for an income indexed to inflation of maybe $50 to $100k per year from real estate rentals. I don’t care what the rentals themselves are worth so long as people are happy to pay to rent them. Honestly, in the unlikely situation that I could profit from underwater properties (say low rates turning high), I’d still be OK with it. Not as if I care about anyone inheriting.
Then I can kick back, collect rents, travel a bit, drink/party, and putter around some properties. I really don’t need more to be happy, especially since I never plan on having kids or marrying. I’m perfectly happy with not having the best. A 10 year old TV, 20 year old car, and 1 bedroom home is enough for me, so I can live cheaply using the Craigslist and thrift-store castoffs of polite society.
I have no life aspirations beyond the above any more. It’s not an intellectual life, probably a boring life, but it’s a life aspiration.
ParticipantQuiet stagnation is less stressful (to me) than riding a bloody roller coaster of ups and downs. I’m fundamentally a low-energy person.
ParticipantAs I said. You’re probably nicer than I am. Or at least haven’t been hurt and hardened as much.
I’m a realist — I want conditions to be such as to keep property cheap and keep people renting.
This isn’t to say that I don’t care about other aspects of society. Civil liberties, education, etc. But business is business.
ParticipantWhat makes you think I wouldn’t prefer a bad storm where I can grab a few vacant lifeboats to rent seats in afterward?
You’re far more generous than I am.
ParticipantGrowth is just another word for cancer. Fuck growth.
May 20, 2015 at 3:22 PM in reply to: China Hunting Fugitives Accused of Corruption – Many Are Living in US #786476Participant.
ParticipantPersonally, I’m pulling for high unemployment AND a high min wage in the next recession. People replaced by automation can’t buy homes.
May 19, 2015 at 12:09 PM in reply to: China Hunting Fugitives Accused of Corruption – Many Are Living in US #786456ParticipantDo any bounty hunting firms trade publicly? Perhaps that’s the next frontier after bounty hunting for US offenders is outlawed 🙂 Reward for delivery to the nearest convenient Mexican airport.
As far as media players, plenty of people in the US torrent movies, but there’s still a market for content through Netflix.
ParticipantThat’s 3 million people, not 30, only twice as big as the top 1% of Japanese society in the 80s.
ParticipantJapan had a higher percentage of comparatively well-off people than China or India does today. Japan was a much wealthier country on average by the 80s than China or India are today.
(Actually, parts of NJ are heavily Indian — around Edison. But fortunately, that hasn’t helped prices recover very well so far.)
ParticipantDidn’t they say that about the Japanese and others in the 1980s? It never played out the way it was expected.
Ha. Ha. Ha. Dollar just got more expensive again today. Should make buying more expensive for the epicanthic crowd 😉
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