[The-Shoveler]

HA!! Sorry I have to laugh a little.
I was a working single during those dark days of double digit inflation, 1970’s till 1990.
I tell you 10% raise was routine in the 70’s in the 80’s I was getting 20-25% raises.
Did not take a second income to do that.
Cars bought were twice the price 2-3 years later for the same model (before you finished paying them off even), my payments felt like they melted away.
Not saying it would have not been tougher raising a family, but if you were buying on credit, inflation worked for you a lot of times in those days.

[The-Shoveler]

Going with the sprawl rule again, what worked (well at least in L.A.) was to buy your first house, then 10 or so years you either rented it or sold it and moved a little further out to a bigger place(mostly to new construction but not always), then the growth would eventually find you. West-lake, Valencia, Irvine etc…
Will that strategy work again?
Good possibility in the right places I think.

[The-Shoveler]

Well besides the location -location – location rule.
Back in the days when there was inflation and a house was a good investment
1950’s – 2005. there was always the buy as much house as you can possible afford rule, being that it would put you in a better position 10 or so years later due to inflation etc…

Also I think it’s funny that people think that were going to start suddenly building 500 to 1000 high rise downtown condo buildings for the next 100 million in population we are expecting to grow in the next 30 years.
Sprawl , get used to it, even in NY most people live out in the burbs and commute via train etc…

[The-Shoveler]

Well here is one way to boost ad revenue.

“A start-up company, claims that 80% of its ad clicks on Facebook have been coming from bots and will be deleting their page. They claim We built our own analytic software. Here’s what we found: on about 80% of the clicks Facebook was charging us for, JavaScript wasn’t on … The 80% of clicks we were paying for were from bots. ”

Also saw a news article claiming that if you don’t have a Facebook page you may be considered a danger to society…

Me I think they must be getting desperate. I am sure they don’t want to become the next myspace….

[The-Shoveler]

42“ is the new entry level TV these days it seems.
I think the screens are all made in one factory anyway (kind of like Lap-Tops etc…_)
I actually got a 42” flat screen for $320.00 or $330.00 or very close to that a few months ago from Fry’s.
No-name brand but it looks better that the RCA 52” I had for 6 years that it replaced.
If they come out with a 70” below $800.00 I will consider upgrade.

[The-Shoveler]

[quote=Allan from Fallbrook][quote=The-Shoveler]Guys I have to add this,
Whatever you do,
Do not let them put the SS money into the Stock Market,
It will evaporate faster than rubbing alcohol on a hot sidewalk,[/quote]

Shoveler: What SS money? Dude, politicians have been treating this like a massive cookie jar and replacing actual money with IOUs for years.

Plus, SS is rapidly heading towards insolvency: http://www.michigandaily.com/content/social-security-insolvent-2017-trustees-say%5B/quote%5D

There is one critical difference between the Federal Gov and the State Gov’s
The Fed can print it’s own money.
The state cannot.

[The-Shoveler]

Guys I have to add this,
Whatever you do,
Do not let them put the SS money into the Stock Market,
It will evaporate faster than rubbing alcohol on a hot sidewalk,

[The-Shoveler]

[quote=flu]I’m going to try to refinance again…Yup…I know crazy..

But I can get -.50% in less than 3 months since last time…. Driving my cost even lower.

Stock market is back up, we’re above 13000 on the Dow again in just a matter of days, and all it did was just a few reasonable reported earnings.

Great time to be in…

Happy friday everyone.[/quote]

Are you going with Plan-B and getting a 30 year this time ?
Just curious.

Stock market
Yea I know it’s driving me crazy being out…
Anyway… so how much more can it go up?
I don’t see and endless ladder to climb but who
knows.

[The-Shoveler]

No I was not referring to you BG, just the Idea about not wanting the great unwashed (under-educated) masses to feed the sprawl .
I guess we could put up a several hundred high rise condo’s in downtown SD area,
There’s room for that LOL.

Same kind of Idea in the 30’s, this was what the grapes of wrath was about.

[The-Shoveler]

Funny how history repeats
“grapes of wrath”

Go back to the dust bowl hell or Detroit or where ever you came from.

[The-Shoveler]

Well if they made the retirement age 65-7 like everyone else, a lot of the budget issue go away.
I know L.A. City Desk Jockeys retiring at 55 with full pension/benefits.

[The-Shoveler]

It’s just me maybe, but If I was on the calpers Dole I would squirrel away as much as possible maybe think about a second career?

[The-Shoveler]

Compton cannot make September payroll so they will go BK by then (they are already starting the paper work).

And no they are not even close to Bell.

Los Angeles teeters on the brink of bankruptcy

Los Angeles teeters on the brink of bankruptcy

The tsunami of unfunded pension liabilities and health benefits is about to hit the shoreline for Los Angeles. And if Stanford University’s estimates are correct, Los Angeles is facing roughly $27 billion in unfunded pension liabilities. For a city whose annual budget is in the $7 billion range this year, that figure is daunting.

L.A.’s chief administrative officer, Miguel Santana, noted that the budget shortfall is likely to be much greater by 2014-15. “Every year it gets worse,” he said.

[The-Shoveler]

Very Good BG,

Now explain Compton, LA will soon follow.

[The-Shoveler]

Yes Pinky Once we have all the collective crowd intelligence, we will become like the MIND OF GOD!!

Then Pinky we can TAKE OVER WORLD !!!.

About this time Brain realize the greater collective intelligence is all about watching cat videos.

[Author]

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