652600+ entries in 0.45s
mircea_popescu: one exists as a private only
thing,
the other not updated since 2013
mircea_popescu: today i went
through
the logs. guess how many of
these blogs sitll exist
today ?
mircea_popescu: all
this living on a server somewhere, meanwhile forgotten about
mircea_popescu: so about... well just about five years ago i did
this
thing where i gave a free domain + free cpanel hosting
to a bunch of romanian bloggers
that seemed more or less okay.
BingoBoingo: With all of
these
tools, I have
to wonder what
the hell is on order for
the second product
mircea_popescu: let's just hope he doesn't figure out how
to make girls before he finishes cardano
punkman: rewriting
the build chain, building pick n place from scratch, so punk
BingoBoingo: Well,
this idea had been floating around in my head since
the middle of last week and
the recent
Trilema posts offered
the linguistic
tools
to attack
this problem.
mircea_popescu: this dude sorta sits
there and chats for a while,
then makes a post
that makes you suspect maybe he understands a lot more
than he lets on.
mircea_popescu: whatever
they invoke will have been "outside
their control".
mircea_popescu: The malpid don't have
to establish
that criticism of
them as wrong, because
they will instead insist
the criticism is mean. When
their favored shiny object betrays
them,
they will insist
the criticism could not have been right as it was mean and
they were doomed by some nebulous concept; perhaps
they invoke "events
that
transpired", maybe
they invoke "people were mean and
that destroyed confidence in out project", but
mircea_popescu: Whereas historically a maliciously stupid idea might be contained by geography and manage
to make one village suffer while its neighboring
town dismissed it,
the Internet allows
the maliciously stupid
to grow self reinforcing networks where
they can oppose cognitive function
together. << "oppose cognitive function
together altogether" lol.
mircea_popescu: "I'm not surprised you get along well with all
the other neighbours. If you put fifty children with Down's syndrome in a room
there is going
to be a lot of hugging." << hawthorne should be quoted more often.
mthreat: mircea_popescu: michelle will be
there
mthreat: mircea_popescu: if I can make it, i'll be
there. Ya, just working in
the afternoons right now, for a month
test
The20YearIRCloud: Let it be known - I
tried
to explain company concepts
to a bot
Vexual: now kick
those good old boys hard just behind
the balls and
turn
the paper 180
mthreat: mircea_popescu: which
thing
The20YearIRCloud: I've never met a markov chain
that put reasonable responses
together
mthreat: i have a
theory
that everyone is a markov chain, but some of us are larger chains
than others
Vexual: this is
the part where you do something
The20YearIRCloud: Nope, i'm not oldschool anything I can
think of, unless you're into ww2 stuff :D
Vexual: i
thought you were an olschool accountant
The20YearIRCloud: One house I worked with sold at $155k and was over 6,000 finished square feet, came with a full granite wet bar in
the basement with a walking sauna
The20YearIRCloud: Not all areas like
that - In our area, $175k-$200k will get you 3000-4000 finished square feet
cazalla: 75k for a house,
that's just
the deposit in
this suburb :\
The20YearIRCloud: The last house we bought was $23k, and it is in fantastic shape - New electric, new plumbing, ~1200sf and
the woodwork
throughout is from 1890
The20YearIRCloud: Correct, and many don't have good credit either, most americans can't manage
their money
peterl: currently US banks require a large down payment
to get a mortgage, USians have no savings,
therefore
they can't buy a house
The20YearIRCloud: Outside of
the multi-family properties we have
that we haven't been able
to renovate, all our properties are very nice
The20YearIRCloud: Most people I've
talked
to don't have
the cash outlay
to fix say a $4k roof when
the
time comes, and
they make
the choice of renting so someone else has
to deal with it.
Vexual: well
they might want a kick in
the rectum wehn you ge some more cahs
The20YearIRCloud: asciilifeform: in our area,
the median home value is around $100k, most of
the properties we have are worth around $75k or so after rehab, so
they're not really bad houses. Most of our renters have small-ish incomes and
they don't want
to mess with repairs
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The20YearIRCloud: Yes, and
that's why rehab is so slow, becuase
they both have families, and my preference is not
to give
them a income rollercoaster
The20YearIRCloud: Yes,
they're fantastic. Right now we employ 2 guys full
time who are doing virtually everything associated with repair/renovation
The20YearIRCloud: On
top of
that, i've had
to make
the choice between quick repairs and losing
them
to other firms, and giving
them all
the work
they can handle at a slower pace.
They prefer working for me over other crews, but in order
to speed up
the rehab
time, I have
to hire more people.
The more people I hire without a big budget,
the higher
the chance of regular layoffs
The20YearIRCloud: Because we pay
them 1/2
the rate
that
the fast contractors charge :D
The20YearIRCloud: The refinance is prime + 2% as a commercial mortgage
to our LLC, which is a pretty decent rate.
The big benefit compared
to just going out and refinancing all
the properties at once is
that
the investors essentially won't see any decreases in
the small dividends
that
they're getting now, only growth.
The20YearIRCloud: Yeah , it's a 100k line of credit @ 5% or so and interest only payments, we use LOC
to go out and buy new properties, rehab
them
then refinance
the property
to cashout
the LOC
Vexual: is it reasonable
to realease info here?
The20YearIRCloud: We have preliminary approval finally from a lender who offered us pretty attractive
terms, and
the setup is essentially open-ended
Vexual: well, whers
the new funding
then?
The20YearIRCloud: And
that's what investors should be concerned about :
Timeframes, equity statements, income projections
The20YearIRCloud: Even
though I explained
to
them it creates liability on my end because unless what I say goes
through atty review, it opens
the company up
to liability.
Vexual: if i was an invextor id ask when
the growth might arrive
The20YearIRCloud: None do, however in
this case I had a investor complain because I wasn't addressing
the concerns from
those individuals
peterl: I don't
think
the RENT forum complaints come from investors
The20YearIRCloud: Yes, in order
to
try and be SEC complaint, all
the shares go
through a HK holding corporation
The20YearIRCloud: At least , I
think
that's what
they were about, one notable one was my choice of director for
the HK corporation we have, and
the other was complaints about a website I started 5 years ago
The20YearIRCloud: mircea_popescu:
that I haven't been responding recently
to all
the accusations against myself and or
the choices I've made
gribble: Bitstamp BTCUSD
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The20YearIRCloud: Hoping
the bank gets approval soon for us,
that way we can go onto
this student housing project soon
Vexual: a furious fit in
the shit pit from a mick dick,
trying
to make her slit chink
mircea_popescu: so when i release
this latest letter from stan, i
think some people's brains will pop.
The20YearIRCloud: Pretty good, no complaints, everyone was excited about
the news, not happy about
the complaint or
two I got on
the forum afterwards, but
then I can't please everyone it seems
peterl: ok, I'll keep digging
through
the logs some more
ben_vulpes: The20YearIRCloud: how'd
the con call go?
peterl: is it going
to be called S.AD?
peterl: mircea_popescu: your MPOE report mentioned a new advertising listing, has
this been discussed here?
nam-shub: but generally just does what he's
told
nam-shub: often gives advice and is
told what
to do instead
Vexual: does he give advice or do what he's
told?
nam-shub: I know a guy who can assemble random financial
transactions for consumption by
the accounting community. more or less in an automated fashion. (There was a discussion prior about a b-a accountant.)
nam-shub: I know a guy
that sends numbers
to accountants all day -- he desperately wants more bitcoin
Vexual: im not
trying
to belittle accountants, but in my experience,
there are
two kinds, and you prolly need a
third
Vexual: he doesnt miss a
trick
gribble: pierre_rochard was last seen in #bitcoin-assets 1 week, 4 days, 3 hours, 30 minutes, and 4 seconds ago: <Pierre_Rochard> mircea_popescu: ah, well I’ll myself out
then