812400+ entries in 0.499s
nubbins`: $80/mo is fucking great
to heat a home
the20year: and we're not
to
the 'real winter' part of it
the20year: Past 6 years has had mild winters, but
this winter has been
the worst in 20 years
nubbins`: and as much as i'd love wood, i'd love
to continue having home insurance even more
the20year: how so mircea_popescu?
The Ohioans I know
that have been
there said it was nothing like Ohio in
terms of society or economy......maybe
the land is similar
the20year: I'd much, much rather be on wood
than oilk
nubbins`: but oil is just expensive. no sweat
to drop $450+ a month in
the winter
mircea_popescu: you know, amusingly, most us folk i know
think romania is a sort of ohio.
nubbins`: and
the cold water going
to
the water boiler for
the faucets/shower gets pre-warmed by
the waste heat from
the furnace, so
that helps
the20year: I pay about $80/mo in
the winter
to heat my home
the20year: Yeah, but
the water part is
the problem. Using a high flash point oil is much better
nubbins`: it's not a bad system, because you retain
the heat after
the furnace stops firing
the20year: natural gas in
the US is very, very efficient and cheap
mircea_popescu: nubbins`
that's how most europe is heated, except natural gas not oil.
the20year: I've seen one radiant water heater manage
to destroy about $15,000 worth of flooring
nubbins`: the20year: basically it's a standard oil furnace, but instead of heating air and pumping it
through vents, it heats a large water reservoir
that is
then circulated
throughout
the house
to radiators
the20year: i'm not
too familiar with all
the
types of oil ones
nubbins`: more of an ebb-and-flow
than an instant-heat sort of system
mircea_popescu: Real estate development can return several milion dollars in just a 9 month development phase << i know a guy
that blew up a fortune
trying and failing at
that.
nubbins`: nod.
this one is actually a hot water circulating furnace
the20year: Ah, oil is by far
the worst of
the worst
nubbins`: just
too costly
to upgrade
to electric heat
the20year: one option
that I considered, but it just didn't work out for us was
to buy a home warranty
the20year: We don't completely gut , but anything
that's close
to its end of effective lifespan gets replaced
nubbins`: this pump
that failed was an old pump
that
they re-used when
the new furnace was put in
nubbins`: often gutting is
the best option long-term
the20year: The one
thign
that helps us out on
the upkeep is
that we go
through
the house on purchase and essentially rebuild
the whole
thing
nubbins`: i just spent $275 on a new circulating valve for our
tenant's furnace
nubbins`: ah,
the joys of home ownership
peterL: oops, mircea_popescu, sorry, I always want
to put an e on
the end of your name :(
mircea_popescu: peterL it might, depending. contrary
to what forum muppets
think mpex is quite open
the20year: and a dozen here in Ohio I don't want
to
touch with a 10 foot pole
peterL: mircea_popescue: would MPEx list something like RentalStarter, or is
that
too removed from bitcoin investing?
the20year: Real estate can be very, very localized when
talking about problems. I could give you a dozen markets in Michigan I'd love
to be in
mircea_popescu: i don't imagine
they were
talking michigan when saying detroit.
the20year: Michigan doesn't have a monoindustry problem , Detroit has one
though
the20year: Problem in Ohio is no one wants
to develop rental property since it's a get rich slow scheme. Real estate development can return several milion dollars in just a 9 month development phase
pankkake: I guess simple yet profitable ideas are not appealing
to bored old men with
too much money
the20year: When I have a valid idea, one
that's already profitable, and i'm having so much
time
the20year: They all want
to rehash
the same exact stuff, and yet
they somehow get millions of dollars of funding
mircea_popescu: pankkake "useless stupid unwanted money
that nobody knows what
to do with"
pankkake: webpages
that would belong in a magazine, not a browser
pankkake: they had
the most overcssed websites
pankkake: they all basically wanted
to be
the facebook-twitter of SOMETHING
pankkake: at my ex-ex job I really wondered how all our stupid clients got
their funding
mike_c: that bubble has already started popping
though.
the "series A crunch" is
the
term for
the million crappy startups
that are dying.
☟︎ peterL: MPEX say "CSS? What's
that?"
mircea_popescu: they're gonna revolutionize
the way people do rounded corners.
Duffer1: googling "torrens" in
the u.s. gives nude photo results >.<
mircea_popescu: mike_c and
they got nothing, all
they have is css devels.
peterL: At least California has better weather
than Ohio or Detroit
mike_c: and ycombinator is
the
thin silver on
top of
the 1000 yc copycats.
mircea_popescu: all it can come up with
these days is a very
thin sliver at
the very
top and a very wide base of ycombinator retards.
mike_c: yes. you have
to start higher
to crash
that low.
mircea_popescu: but obviously, before buying in one'd have
to very seriously consider awhole host of
things.
mike_c: hah. good point.
they will pay you
to
take housing in detroit.
mircea_popescu: peterL afaik ohio does not have
the monoindustry problem
peterL: You want
to see how low it can go, Detroit is not far from Ohio
pankkake: I'm not confortable investing in real estate where I don't know
the market,
too
mircea_popescu: pankkake unless
there's a war, $30k detached housing in ohio CAN NOT be a bubble.
peterL: OK, who wants
to help me buy a house and I will pay rent in bitcoins?
mircea_popescu: just, not
the usual "it's been 5 days, any updates ?" sort of "investing"
mircea_popescu: or it could be a good way
to run from btc if you consider it drops.
peterL: If you expect bitcoin
to stabilize,
then it could be a good way
to invest in real estate.
mircea_popescu: pankkake
that's
the only reason
this may make sense,
the guy seems
to know
the situation on
the ground
pankkake: it allows small real estate investments, where
they are usually quite complicated (and
taxed)
mircea_popescu: you obviously wouldn't
think of buying
the
thing otherwise
than "buying an us future with a built in interest rate"
mircea_popescu: mike_c well, it's going long fiat.
there are situations where one'd want
that.
mike_c: it's
turning btc into housing. i don't see how
that will work out.
mircea_popescu: the judgement of
the business pivots on
the judgement of
the guy, as it's
tghat small. he seems clever and dilligent but how do you ever know.
Duffer1: land owners charge what
they can, citizens with zero savings pay what
they have
to
peterL: care
to share your
thoughts on
the business?
mircea_popescu: quite frankly, i can not see how anyone'd put up with
this arrangement.
mircea_popescu: on
top of
that, loose money bubbles
the real estate. because
they'd rather be
the guy paying 1k for a 90k property
mircea_popescu: it's
the ingrained notion learned
through experience by all us inhabitants
that
the more you pay
the less you're gouged
mircea_popescu: it's not loose money policies
that cause
those, and loose money policies don't cause
them in
the eu.
mircea_popescu: which, incidentally, is one of
the deep causes of us real estate bubbles, i am coming
to realise.
mircea_popescu: peterL you're not getting gypped quite as bad as
the average.
mircea_popescu: think, millionaire in
the 3rd world, never used as much as a real estate agent.
Duffer1: remove
them and list price is still
the same
Duffer1: those agents
take
their fees on
top of list price