Markor
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So you think irrationality can continue indefinitely? A permanently high plateau?
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I don't regret staying away during the recent bull market--too much risk. Better to wait for the final reckoning. If it happens it'll be a golden opportunity with much less risk.
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The Tim wrote: The only reason I was able to do that was because of the financial discipline instilled in me by my parents. I graduated college with close to $40,000 in school debt, paid it all off in just over three years, bought two (used) vehi…
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Dave0 wrote: Or you could just teach your kids good personal finance skills, like always having 3-6 months in living expenses on hand, don't go into debt so you can cut back on expenses when times are hard, always make more than you earn, etc. and…
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rose-colored-coolaid wrote: Like what, panhandling? Anything in health care, apparently.
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Wow. This is why I'll be encouraging my kid to learn one of the skills that is last to go in a recession. Also don't work for a company that goes down hard in a bust, unless you get compensating bonuses in boom times (e.g. Wall Street workers). Or m…
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A lot of buildings under construction that were going to be condos will be apartments instead. Plus those landlords with their head in the clouds will have to face reality when they don't find fools.
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I enjoyed the link, thanks!
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After using Vista for many months, I'd like to change to XP. If I buy Win XP full product, I can flatten my Vista box (using Win XP install) and end up with XP only right? I have a 4GB machine; I understand XP will see only 3GB, right? I don't wa…
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So if someone has cash but no job they can't buy bank-owned?
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Good info jillayne. jillayne wrote: If you end up buying direct, it's also customary for that bank to insist that you get pre-approved by a retail loan originator at their retail mortgage lending division. Do you think this is true even if…
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jon wrote: Seems that unions aren't a panacea after all. in 2006, German doctors voted to go on strike because of what they are paid under socialized medicine. "Estimates of hospital doctors' average annual earnings in 2002 ranged from $35,000 …
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jon wrote: That means there were other people even more desperate for a job who need to work that many hours in order to live, which is exactly what I said. What you fail to realize is that there were other more desperate people because worke…
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mukoh wrote: Markor however union laborers that are so "skilled" did contribute to costs per hour being $10 higher then non-union companies like Honda and Toyota, thus making those crappy cars not economically viable. Thus by earning money in the …
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jon wrote: Note that those are the states where people and jobs are moving to. That's because companies and workers can decide what is best for them. No, the companies can, the workers cannot. The workers cannot effectively collectively barga…
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jon wrote: You are talking about The People's Republic of China aren't you? The country is one giant union. Not in practice, or else people there would not be working 60+ hours per week for peanuts. China, which recently granted rights fo…
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jon wrote: Given that competition, a new company would have easily hired away workers from a competitor if it could offer fewer hours of work and still provide enough income to live on. In practice it didn't work that way. The robber barons c…
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jon wrote: Collective bargaining is at best a zero-sum game. In actual practice is negative because it removes incentives for individual workers to excel. You're displaying your poor sense of history again. Sure some union workers are lazy. B…
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jon wrote: Yes, life was much more difficult a century ago and beyond. I credit the technological revolution that brought use of electric motors, electric lights, telephone, affordable automobiles, refrigeration, etc. You're guessing. Read so…
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jon wrote: Isn't it obvious to you? If we all join unions everyone will be paid more, have less debt, take more vacations, retire earlier, sleep later, have better health care, and be able to afford the best homes in the best neighborhoods. Y…
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jon wrote: Basically studies like that are nonsense made up by Europeans to get around the plan and simple fact that if you like having stuff, you are better off being in the US. If you think Americans are better off when they can't retire, w…
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jon wrote: I very much agree. That's why I am so opposed to socialism, because it is so well suited to having a dictator siphoning off the wealth of a nation. If people get to keep what they produce, there is much less opportunity for that kind of…
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jon wrote: If you maintain your own retirement plan, then it won't get raided, except through government action. The only plans being raided are the ones set up through collective bargaining. The US has a gov't retirement plan that workers ar…
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jon wrote: The problem is that in socialism, there is no where else to go. A large portion of your income goes via taxes to people who do not want to work, or who spend their time lobbying for special benefits from the government. Even worse than …
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jon wrote: We are in complete agreement that if your priority is to retire on a government pension, without having to work hard, produce results, or enjoy the material benefits which those brings, that socialism would be just fine for you. Th…
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The solution to fixing our boom-to-bust economy seems obvious: more socialism. Works well enough for fire protection, police, libraries, etc. The French are retiring on schedule despite the global downturn (their national pension fund is doing fine)…
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deprogram wrote: Science in general is just neglected in our public schools. Why? I'll be discouraging my kid from becoming a scientist of any type. Seems they have soul-sapping jobs (e.g. improving artificial flavoring) and/or deal with egot…
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My thinking is that rent-to-own is not a good deal in a falling housing market. You pay a premium to have the option to buy, at a price that was fair when you bought the option but likely not when you exercise the option. That explains why rent-to-o…
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Relo wrote: To me, if I could buy a relatively new home on East side (Redmond/Sammamish) for $430 - $480K, that would be pretty close to bottom. It depends on the house, but I doubt it. I'd say more like $350K would be in line with general in…
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I'm a fence sitter. I'll wait for the homebuyer credit to expire, if it does. Winter is the best time to buy usually. I'm picky with a constrained location so nothing may be available. The seller may refuse to take another 10% haircut. I'll hope the…