[spdrun]

But we all know that they are really just pretending to hate each other to distract good Jeebus-fearin’ Christians from the true agenda of world domination.

[spdrun]

Nothing stopping the Feds from charging the cops with civil rights violations. Double jeopardy doesn’t apply since they’re a different jurisdiction and the offense is different.

[spdrun]

The one time I bought a lottery ticket, I won … the price of the ticket.

[spdrun]

If his policies in Israel were any guide, he’s quite a bit more hawkish than Bernanke — he cut interest rates in 2008, then raised them quickly. I’d assume that people here would want someone with more of a hawkish bias than the current crop of clowns.

If you want to argue, argue the policies rather than playing to medieval religious prejudices.

[spdrun]

^^^

LOL, no… that was struck down by a court ages ago.

Getting back on topic, I’d take the lump-sum cash as follows.

Say $950,000 after taxes, invested in rental property at 7% = $66,500/yr = $5,541/mo. If it’s in rental property, deductions ensure a lower tax rate than that on the $8,750/mo, and my return (rents) will likely go up over time, plus it will last longer than 20 years. Seems like a better deal than the 20-year payout, especially since the payor could go bankrupt five years from now and I’d be left with bupkiss.

I may consider taking the house IF it’s actually worth $4 million other than on paper and if I can get a hard-money loan to cover my up-front expenses before I am able to sell it.

I’m not greedy, but I’d always prefer cash in hand as soon as possible to invest as *I* please, rather than as whatever entity’s funds manager pleases. I’d sure he’s a good guy, but I probably don’t know him personally 🙂

[spdrun]

For what it’s worth, it was raising property prices as well, which boded well for people who owned homes, construction firms, new home builders, etc. This has now slowed down — we’ll see what happens down the road. Maybe a bit of a repeat of 2004-2006.

I’m not sure if there’s any relation to QE, or just innovation, but the increase in mobile application/web development has been pretty major (IMHO) and can definitely be taken advantage of.

[spdrun]

^^^

Glad that we have more conservative Fed voting members this year to counterbalance her worst impulses, then.

Not sure if her ideas would work anyway — despite QEx, participation rate was at an all-time low last month.

[spdrun]

(1) Are lottery winnings subject to the lifetime gift tax exclusion (several million $), or are they taxed as straight income?
(2) If you’re dealing with hard-money lenders and are willing to pay 10+% p/a, why not? Assuming a clear exit strategy of selling the home, the loan would be worth the risk to some. QM loan obviously won’t happen, but there are other means of borrowing with less pleasant terms.

[spdrun]

The actual winner has a choice between getting that home (which most likely they won’t take it because they wouldn’t be able to afford the income taxes on the home + property tax + other costs of upkeeping the home)

Arrange a loan at 50% LTV (easy enough to do, regardless of income) to cover taxes and other expenses till the home is sold.

[spdrun]

Bet the Honda is/was more reliable than any modern Euro-peon car 🙂

[spdrun]

If you’re given a home with high maintenance for free, either sell the dern thing or figure out how to make money from renting it — you don’t have to live in it.

[spdrun]

Some sand is naturally radioactive. Sea water contains some amount of naturally radioactive potassium. Without knowing the natural background count for a given exact area pre-Fukushima, the videos are inconclusive.

[spdrun]

Interesting … Most class-action lawsuits are opt-out, meaning you’re automatically a member of the class unless you take action to remove yourself.

Two risks:
(1) Very rarely, you may be liable for legal costs if the suit is lost
(2) If you receive a settlement, it generally comes with a liability waiver — you can no longer sue the builder on your own for the problems with your house. What kind of costs are we talking about to fix the plumbing design error and other shortcuts?

[spdrun]

^^^

California has strong cops’ and jailers’ unions with lobbyists, CO less so.

BTW: When I saw the title, I thought that the thread would be about hoarding marijuana in preparation for the zombie apocalypse. Got to have something to calm the angry zombies down — then again, hungry zombies may not be ideal either.

[spdrun]

It’s also 0.5% that got caught. So far.

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