365000+ entries in 0.235s
renart: "he's working
towards a purpose, guys!"
mircea_popescu looking forward
to
the nato response ot
the wave of 50mn
turkish refugees once
that
thing blows up.
renart: yes, liquidassets,
that *is*
the reference i'm making!
mircea_popescu: here's
the headline from pravda :
the us was buried in 1975.
mircea_popescu: asciilifeform you seriously are quoting
the fucking economist ?
liquidassets: I
think
their 'friendship' is
tenuous but whatevs
renart: the maximum number of operational systems continues
to decrease
liquidassets: provocation seems
to be a going strategy abroad and homeland for awhile now
assbot: Logged on 18-12-2015 22:13:12; pete_dushenski: i
thought ben_vulpes was all 'auto-auto-mobiles are
the footoor because bayes'
assbot: Logged on 19-12-2015 13:42:01; pete_dushenski: "The government in
the Netherlands has clarified
that it is legal for driving instructors
to offer lessons in return for sex, as long as
the students are over
the age of 18. However, it is illegal
to offer sex in return for lessons." << hahaha so man may proposition fillie but not vice versa eh. man i like
those dutch.
mircea_popescu: these
two aren't even related, notwithstanding
they're not in any sense
true.
mircea_popescu: it IS getting
tedious, but it isn't getting any closer
to acceptance.
mircea_popescu: i dunno why you keep repeating
this fantasy lol. not like it's going
to get rejected 500
times and
then accepted on
the 501st pass ?
mircea_popescu: leaving aside
the putins and chinese bureaucrats of
this world... so far is having a lot of
trouble doing anything worth
the mention
to a large mass of
towelheads.
assbot: Logged on 19-12-2015 12:46:18; mircea_popescu: you "suspend" it, arbitrarily, whenever it looks like it's enough
to cause a riot, maybe.
liquidassets: Pete, you're like a hero
to me, please don't make me call you a punk again.
☟︎ pete_dushenski: but even if you have a $400k portfolio, it's unlikely you'd have saved
that much working 'menial' jobs for 10 years
liquidassets: did you want me
to
try and 'win' your approval?
pete_dushenski: liquidassets: wait, so you continue
to go bust on whatever shiny
thing catches your eye, but you've been doing it for 16 years, and now you somehow
think you're qualified
to opine on investing ? dude, how's
that supposed
to work ?
liquidassets: in spite of
these
two failures I manage a decent size portfolio now
PeterL: any financial advice I give should be
taken with a grain of salt, as exemplified by my horrible mortgage investment I don't have alot of good marks on my record
liquidassets: 2nd one was a $10,000 'private investment' in a mobile medical PET scanner
that was such a
total scam...RapidScam Imaging I
think it was called lol
PeterL: there is one question "does it make sense
to rent or buy (or
try squatting) based on my financial situation?" and a separate question of "I have x money
to invest, should I put it in real estate or investment y or z?"
liquidassets: pete_dushenski been a USmarket bezzle investor since 1999. Alliance Pharmaceutical was my first hot stock
tip I bought into, put all my eggs in
that basket. 1 of 2 investments I've lost all principal
liquidassets: I've just
tried
to blend
the
two as much as possible
liquidassets: each class should be considered separately in how it relates
to your over all picture
PeterL: for example, where I want
to live (close
to my place of employment, nice neighbors, etc) has different criteria
than a place for investment (price/value, possible
tennants, etc)
liquidassets: Not exactly
there's some nuance
to 'investment'
PeterL: everybody needs somewhere
to live, but real estate investments should be compared against other possible means of investment
liquidassets: so best
thing
to do is find a 4 unit you can
tolerate living in with your
tenants (if
the loan you get requires you
to owner occupy)
PeterL: I
think getting a dwelling and making real estate investments should be approached in different ways
liquidassets: once you go above 4 you're in commercial category, need like 20% down at least, harder
to qualify
liquidassets: afaik in US properties with 1-4 units qualify for all
the same
types of loans
PeterL: my 'goal' is not just
to be debt free, but
to have my money working harder
than me
☟︎ liquidassets: so instead of only buying what you
think you can afford. I always
try
to buy properties with income producing potential. Might be
tough with family
though..
PeterL: I don't
think it will
take a long
time, I currently live rent free. Before you ask why not just stay, it is a bit small for my family
liquidassets: If your 'goal' is
to be comfortable with no debt, I commend you..for
the no debt part...kind of. But
the money rules are made
to
take
the most advantage of
those
that make comfortability
their goal
PeterL: I just hope I can get
things
together before interest rates go up
too much.
PeterL: I was unemployed part of
this year. I am working on building a savings
to use as a down payment
liquidassets: Look, with interest rates on 30 year mort as low as
they have been, why aren't you leveraging?
PeterL: still have
to pay
taxes, but
that is alot less
than rent
liquidassets: well...that would be a great
thing. How would you best go about it?
PeterL: why not have a (relatively) payment free place
to live?
liquidassets: most people just want
to be comfortable and not have
to worry so much...most people isn't
the group you want
to be in
assbot: Logged on 19-12-2015 06:39:24; liquidassets: most people, and mexicans I work with, will buy a house with
the little money
they have, stack 9-12 members of extended families, and work
their asses off
to pay off a 30 year mortgage in less
than 5
PeterL: When I bought
the house I
thought it was a financially good
thing
to do (I was in college at
the
time): buy house, pay mortgage for ~5-8 years, sell and have a nice down payment for
the next house wherever my after college job ended up
PeterL: Now I would want
to get a house with a large down-payment, pay it off quickly,
then not have
to worry about a monthly rent payment
☟︎ liquidassets: PeterL What were/are your main reasons for wanting
to buy?
PeterL: It is hard
to predict
the future, having a 30 year mortgage locking you down in one spot is not what I want
to do again
PeterL: There are advantages
to renting, like moving is alot easier.
☟︎ PeterL: I dunno, I
think I might buy. But I will approach it a bit different now, I will be more selective and aggressive instead of just
taking
the first offer
the real estate agent suggests.
liquidassets: PeterL sorry for your luck, it's supposed
to be much better 'for your credit'
than going
through a foreclosure. What are your
thoughts on buying going forward?
PeterL: The bank didn't lose any of
that 75k,
they had insurance (which was
tacked onto my bill every month)
to cover such a loss. Insurance didn't help me any, even
though I was
the one paying for it.
PeterL: liquidassets: I owed about 110k on
the mortgage, house sold for about 35k. So I guess it was more like 75k "income"
that was "forgiven" by USG for
taxes.
☟︎ liquidassets: How accurate is
that ;;ticker anyway? Anybody interface with any of
those markets?
liquidassets: "So,
to continue
the Drug War analogy,
the generals may keep declaring
truces, but
the soldiers still want
to fight."
liquidassets: PeterL how long was
the short sale? I got in when short sales were
the
thing
to be in,
thankfully only ever was involved with one.
liquidassets: And don't
think
the bank is going
to actually realize
that 40,000 paper loss. Most of
that loss was subsidized further by YOUR
tax dollars
assbot: Logged on 19-12-2015 12:40:47; mircea_popescu: fun fact : if your debtor disposes of a retail (ie, faux) non-recourse loan and you live in
the us/other such shitholes,
the government WILL WANT
TO
TAX
the ammount lost. because you made a
theoretical gain.
assbot: Logged on 19-12-2015 12:30:38; mircea_popescu: liquidassets> I want
to play.. << so wgat;s keepin you ?
liquidassets: Fiesty blogger I
think we should bring her here
pete_dushenski: i've had
the icespheres in old fashioneds at local restaurants.
tis a classy
touch
PeterL: but if you posted it on facebook,
then only your "friends" would be able
to see it
shinohai: "P.S. Who knew you didn’t need Facebook or Myspace or whatever
to make a post like
this ?" <<< heh
punkman: pete_dushenski: just gotta edit
the rss
template