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July 18, 2013 at 10:26 PM in reply to: OT – Janet Napolitano appointed head of University of Cal system #763634
spdrun
ParticipantAnyone remember: “Ford to City: DROP DEAD?”
ParticipantSDR – why is depreciation a bad thing? Depreciation being a bad thing ass-u-mes that prices during the 2003-2007 period were the norm. If anything, home depreciation helps the young buy homes and fucks the boomer parasites who counted on using their houses as ATMs. Good riddance to bad idiots — they made a bad investment, they should hold their tears back, man (or woman) up, and sell short if they need to sell. Buh-BYE!
ParticipantHow was the HOA responsible? If someone should be sued, it’s Zimmerman, not everyone who’s peripherally involved.
TM’s family should take the high ground, not follow the Dumberican way of suing anything that breathes.
ParticipantYeah, a 20 lb dummy, vs a 200+ lb fatso.
ParticipantThey both seemed like wannabe tough guys. Zimmerman = wannabe cop who beat on his ex in his spare time and flunked out of school. Martin = wannabe gang member. At least Martin was 17; teens get involved in stupid things and follow stupid fads. If anything, I have more sympathy for Martin, since I remember people who I went to HS dressing and acting like that at 17, and turning out fine 10 years later.
Zimmerman was old enough to have known better. As I said, I have no love for Zimmerman and hope that he dies forgotten and destitute. Or perhaps Zimmerman will fuck with the wrong person next time and that person will be quicker to fire than him.
ParticipantSome sympathy, but I don’t think he was a saint either. But I’d certainly not do business with any company that hired or contracted with Zimmerman in the future. Let him die young, broke, forgotten, and friendless like JW Milam and Roy Bryant did.
ParticipantNot a single sympathetic character in this whole mess. F’em all. Lastly, Zimmerman may have been let off by a jury (as he should have been — the prosecution’s case didn’t prove beyond a reasonable doubt), but bet you he’ll have a hard time finding work or clients once his fair-weather supporters are done using him.
Participant“Conventional loan” is the term for a non-GSE loan, at least locally to me. They won’t lock 4% for 30 years, but they’ll lock 4-4.5% for 10 years, which is enough in my book.
ParticipantWhy the blue fark would you buy an investment property that doesn’t produce income? Dumbest idea ever, and those who do deserve what they get.
ParticipantYou’d be incorrect.
Cash-out interest on a rental property isn’t deductible IF it’s used for personal use. If it’s put into a business, another rental property, or a different category of investment, it can be deducted just fine.
Essentially, you deduct it AS IF it were the mortgage on the next rental, bought with cash pulled out, or business loan interest.
If you cash-out refi’ed and used it to buy a shiny new car, you’d be an idiot anyway (car loan rates are cheaper than home loans these days) and deserve to pay through the nostrils.
ParticipantUh, what? It’s definitely possible to get cash out on an investment property, first position loan. Talking conventional loans, not GSE-backed, of course.
ParticipantMost of the cash is American, and probably will be refi’d after purchase. Foreign property purchases in CA are a whopping 6% of the total.
July 8, 2013 at 6:21 PM in reply to: OT: Seeking lawyer for a restaurant lawsuit / victims of foodborne illness #763392ParticipantUnless this was O157-H7 E. Coli, an amoeba that took months to cure, or something similarly nasty, I’d just chalk it up to experience and give a really shitty review on Yelp.
ParticipantThe solution to economic woes in the next (say) 10 years would be to embark upon a massive project to rebuild the energy and transport infrastructure of the US not to need fossil fuels.
We keep being bit in the arse every time the price of oil and/or natural gas has a burp, and we can solve this AS WELL AS leading the way to minimizing greenhouse gas emissions.
We lead the way in environmental conservation, starting with Roosevelt the First, we built relatively fast transcontinental railroad when the Europeans and Russians could only dream of building out over such terrain, we built the Interstate system. What’s happened to us over the past 25-30 years.
Yeah, Google is doing some amazing things with I.T., but where’s the will to do more mundane things that require non-electrical engineering as well as electrical?
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