log☇︎
626900+ entries in 0.44s
mircea_popescu: sure, i could. what diff does that make! i'll just buy the living separately from investment
decimation: THe question: does he want to live in his savings account/lotto ticket?
mircea_popescu: the fact that i can live in it is about as much a consideration as the notion i could fuck my bonds.
The20YearIRCloud: then what assets do you suggest that you can live in?
The20YearIRCloud: And that varies by case decimation
decimation: The thing that the '10 year rule' fails to capture is the opportunity cost of leaving for better opportunities elsewhere, whatever that may be
mircea_popescu: so you make a commitment to a house that exceeds the commitment you make to the woman in question.
The20YearIRCloud: And a majority of couples in the US no longer marry
The20YearIRCloud: Even with depreciation, market swings, taxes, ect
mircea_popescu: The20YearIRCloud and the average marriage is ?
The20YearIRCloud: And the data says that home ownership is pretty beneficial to the holder as long as they can hold it for 10+ years
decimation: The20YearIRCloud: I heard you could enter the irish lottery too :)
ben_vulpes: <decimation> 'owning' your home is partially renting from the government, partially speculation on mortgage bonds, and partially a 'ticket' to future 'wealth' << fucking bril
mircea_popescu: facing the usual 50% divorce rate, and all the jazz
The20YearIRCloud: I know countless people who are now sitting on near a million dollars of real estate because they own their home and a few others
mircea_popescu: nah, for the first time buyer.
The20YearIRCloud: if the average guy has a 15 or 20yr mortgage then yes
mircea_popescu: well he keeps bringing the "we don't have X here". something he's gotta have, what is this, ohiostan ?
decimation: The20YearIRCloud: do you think owning your own home is an awesome deal for the median guy?
mircea_popescu: cuz you know, i can't be bothered to know in that level of detail, cuz my head is otherwise full.
decimation: The20YearIRCloud is trying to be that 'someone else', not harry homeowner specifically
mircea_popescu: to this point there may be exceptions, but i'm not discussiong 1988 elm street, akron, ohio.
mircea_popescu: The20YearIRCloud but my point isn't to any one specific thing. my point is, there's so much nuttery, and so much complexity involved, that in general you're better off letting someone else eat it.
The20YearIRCloud: it's hard for homeowners, but with us we have so many properties the insurance company insures all ours as tenant occupeid, whether they're vacant or not
decimation: The20YearIRCloud: don't you need to have an inspector come by before you rent?
decimation: The20YearIRCloud: the real screwjob is trying to insure unoccupied properties
mircea_popescu: The20YearIRCloud what happens if you don't get your triannual inspection for electric wires ?
The20YearIRCloud: and the risk factor is quite low when you look at broad groups of data for occurance rates. If it was high then there'd be no one doing management or landlording
The20YearIRCloud: case law in my state is quite favorable to the homeowner for accidents caused on-site
mircea_popescu: thw work is still there, even if you piecemeal it away.
The20YearIRCloud: what things?
mircea_popescu: just because you can "buy umbrella insurance" doesn't mean it's not there.
mircea_popescu: The20YearIRCloud but not from other, similar things.
decimation: mircea_popescu: in the us you can buy "umbrella insurance" for such a possibility
The20YearIRCloud: mircea_popescu: some states/countries exempt homeowners from stuff like that, i know mine does
mircea_popescu: by th time you're done with that, it should be clear why it's not the headache you want.
decimation: 'owning' your home is partially renting from the government, partially speculation on mortgage bonds, and partially a 'ticket' to future 'wealth'
The20YearIRCloud: we don't spend significant sums of time on upkeep
The20YearIRCloud: Depends on the house
mircea_popescu: maintaining a house is a full time job.
The20YearIRCloud: the management aspect is pretty easy, not very time consuming. The problem is for an outside manager, the income you can charge is quite low
The20YearIRCloud: yeah, property management is terrible for income
mircea_popescu: The20YearIRCloud the latter.
mircea_popescu: decimation there used to be this thing that you're not a real woman if you give good head
decimation: mircea_popescu: there's this thing in American culture that you aren't a 'real person' if you don't 'own' your home
mircea_popescu: sure, some people enjoy, either, as a hobby. some people do their own tattoos.
mircea_popescu: there's this... can't be your own car mechanic. it's just not worth it.
mircea_popescu: re the houseowning discussion : house market is commodified. carrying the cost of inventory makes no sense whatsoever, unless it does. and if it does you want the economies of scale and 100s of unit.s
decimation: asciilifeform: I'm pretty sure the warez book I linked above is a shitty translation
asciilifeform: 'With an *ugh!* and a groan, and a kick of the heels, / Death comes quiet, or it comes with squeals...'
mircea_popescu: decimation that looks pretty cool.
gernika: so true
mircea_popescu: at least quick death is merciful on time
mircea_popescu: and time.
gernika: mircea_popescu: agreed. not a viable outcome for employees. Although in my case they kept our product alive until it was killed in a second acquisition so it was sort of a semi-acquihire. Still a complete waste of money.
assbot: Falkirk Wheel - Wikipedia, the free encyclopedia
decimation: I wanna ride this device: http://en.wikipedia.org/wiki/Falkirk_Wheel
mircea_popescu: no idea why they keep doing it
mircea_popescu: gernika: I made more consulting for a firm based out of Minnesota than I was working at the big name tech company that acquired a startup I had worked for. So yeah. Fuck startups. << acquihires are usually pitiful affairs that rarely work
decimation: mircea_popescu: my understanding is that the narrowboats are popular with chums who 'pub crawl' on water
decimation: asciilifeform: my favorite quote from "in the first circle": "A familiar figure in many prison research establishments, Professor Chelnov, an old mathematician arrested seventeen years ago and who, when he had to fill in a form, put down his nationality not as 'Russian' but as 'zek', had applied his mind to many inventions, from the direct flow boiler to the jet engine, and had put his heart and soul into several of them."
mircea_popescu: also did a dudley mines on boat tour thing
mircea_popescu: decimation well that all depends. they're exactly what advertised on tin
decimation: mircea_popescu: I haven't done the narrowboats, are they a good time?
asciilifeform: mircea_popescu: believe or not, the canals here are also preserved. though i bet the neighbours wish someone'd fill them in.
mircea_popescu: decimation: The20YearIRCloud: in the UK they still have most of their canals, you can rent a narrowboat and cruise them: http://www.waterwaysholidays.com/ <<< i did this.
asciilifeform: mircea_popescu: we don't usually bother to distinguish either.
asciilifeform: kakobrekla: and not 'zajec' or the like ?
decimation: I find learning another language to be a good way to find out how I am ignorant of things that millions of children know
asciilifeform: ^ more or less known to everyone who speaks the langauge
decimation: "Originally the abbreviation stood for zaklyuchyonny kanaloarmeyets (Russian: заключённый каналоармеец), literally "incarcerated canal-army-man"."
asciilifeform: well yes, that.
decimation: зэк" and "зек", zek (both pronounced as IPA: [ˈzɛk]). The word is still in colloquial use. "
decimation: the wikipedia says that there's an even deeper meaning derived from the beginnings of the gulag system: "A memory of the canal is also preserved in the Russian language, in the words "zeka", "zek, z/k" for "inmate". In Russian, "inmate", "incarcerated" is заключённый (zakliuchyonnyi), usually abbreviated to "з/к" in paperwork, and pronounced as "зэка" (IPA: [zɨˈka], "zeh-KA"), which gradually transformed into "
decimation: the canonical book on the topic: http://klassix.net/keith/Kindle%20Backup%202-20-11/documents/First%20Circle,%20The%20-%20Alexander%20Solzhenitsyn.txt
mircea_popescu: not unless you're the sort of guy that makes them pay rent.
The20YearIRCloud: are my kids candidates for the poster prize thing?
mircea_popescu: The20YearIRCloud: zeks? Are those like zergs? << gulag prisoner labor in soviet research.
kakobrekla: you slowly? have you been smoking that thing?
mircea_popescu: kakobrekla i was going to give it to him slowly, but danielpbarron had to go all teenager hormonal on the nice ppls.
kakobrekla: its useless that coin. some btc fan late to the party. and we wont use litecoin that is made to supposedly solve that supposed problem because you cant really smoke 'lite'.
gernika: mircea_popescu lol seems to be better than other things I've tried
mircea_popescu: as i wallk through the valley of the silly con
decimation: we've been derping about some technical stuff, gernika, ben_vulpes and I were talking about the silly-con valley employment scam
mircea_popescu: what happened to that
mircea_popescu: anyway, i mostly came back for the lsdcoin discussion
gribble: http://www.urbandictionary.com/define.php?term=Mana | Mana is the founder of Malice Mizer, one of the most well known Japanese visual -kei bands. He is responsible for discovering the all poppular Gackt...
decimation: I thought that definition 2 of the urban dictionary is what you were going after
mircea_popescu: ben_vulpes my ll is broken cause spanish. talk to ascillifeform
ben_vulpes: see now i'm in this horrible place where i *think* i know when you've made a mispelling, but then i double guess, then...
mircea_popescu: each of the genes that could occupy a spot.
gribble: wn: allele n 1: (genetics) either of a pair (or series) of alternative forms of a gene that can occupy the same locus on a particular chromosome and that control the same character; "some alleles are dominant over others" [syn: {allele}, {allelomorph}]
decimation: I thought you meant allele
mircea_popescu: the alele elite. fun to say
ben_vulpes: ownership is the hallmark of the elite?
mircea_popescu: decimation money isn't what it used to be.
decimation: mircea_popescu: but they 'spend' billions of 'money'?
ben_vulpes: and even that...
ben_vulpes: decimation: i'm not convinced that i can own anything but btc any more.
mircea_popescu: if you recall, they failed for years before it even could be powered on