The Housing Bubble

I will vote for the fiscal conservative. So far, the GOP has not given us one, except Rand.

Ray Ray’s chosen few?

Yikes you’re turning in to quite the ankle biter. lol

In reality I’m a sheepdog. These things take forever to type.

Yes, so it’s not thanks to Trump, it’s thanks to a dearth of real leadership in our nation today.

There’s plenty of leadership… it just hides in the shadows and rules with clown puppets.

Vomit alert:

http://www.usatoday.com/story/news/2015/12/03/san-bernardino-shooter/76710658/

“Syed R. Farook and Tashfeen Malik dropped off their 6-month-old daughter with the baby’s grandparents on Wednesday morning. They explained that they had a doctor’s appointment, says Hussam Ayloush, executive director of the Council on American-Islamic Relations here, who talked with Farook’s family.”

CAIR. Shocker!

“On the surface, Farook and Malik lived the American dream, the kind of life that would be the envy of many. He had a solid job for a government agency, having worked for San Bernardino County for five years, police say. The family had a neat house in nearby Redlands. And, of course, there was their darling baby.”

Oh, NO! NOT the darling baby!

Repeat after me: radical Islamic jihadists.

lol

From dailymail article link posted elsewhere in this thread:

ter found at the site of the holiday party. Inside, police discovered three crudely made bombs packed with black powder and rigged to a remote-controlled toy car.
The remote for the car was later recovered from Farook and Malik’s SUV, a law enforcement official said, adding that its presence indicated that the couple planned to detonate the explosives from a distance but something must have stopped them.

Read more: http://www.dailymail.co.uk/news/article-3344350/Devout-Muslim-citizen-Saudi-wife-living-American-Dream-identified-heavily-armed-duo-burst-office-holiday-party-slaughtered-14-leaving-baby-mother.html#ixzz3tGnEqju2
Follow us: @MailOnline on Twitter | DailyMail on Facebook

I believe this is terrorism, but the spineless media says “no motive” found yet. Sleeper cell maybe? The dude went to Saudi Arabia for a month, why? He was born here.

Hajj?

Simply another case of workplace violence. Case Closed.

Everybody knows it’s the angry white middle-aged gun-toting radical Christians that are the biggest threat to this country.

The majority, it’s safe to say.

http://www.telegraph.co.uk/women/work/generation-burnout-three-quarters-of-women-suffer-from-stress-re/

Jeb can fix it.

These nut jobs just tied the score over at your jihadi v. Right wing shooting site.

I was expecting that from you because you seem like the kind of guy who would be happy about that ProxyClubber.

And which could lead to more potential civil liberty intrusions -like Patriot Act/NSA stuff- “angry white guy” or Islamic domestic terrorism?

Huh? What is proxy clubber?

Lolas owner.

You just don’t ever hear of women going on a shooting rampage… My bet is, she was shooting whiteys for Allah, same as her hubby.

The media is trying to soften it so the whiteys don’t shoot up a mosque in retaliation.

We are entering the era of religious gang warfare.

We are entering the era of religious gang warfare.

What weapons do the Amish use?

Amish are stabbers.

Actually, they use scissors.

So all you have to do is outrun them. The Amish are toast.

How are you getting AM radio in Brazil?

There’s dozens and dozens AM streams online. The stream is good and steady on this one today.

http://www.wcbm.com/

Heeeeeeeeeeeerrrrrrrrrrsssssss RUSH!

http://player.listenlive.co/44171

In terms of the number of people shot and killed every day, Chicago has it won, hands down. But that doesn’t fit the narrative so we don’t talk about it. If we could just fire all of those bad cops in Chitown, then everything would be OK.

Don’t move here Redmond - you won’t like it.

The good news is that all the crime in the country is concentrated in one city. That should help with anti-crime efforts.

If it’s scary looking it’s an assault rifle.

A fully automatic weapon is absolutely legal to own by a private citizen. I have one. UZI Model A 9mm made by Action Arms.

Go read the National Firearms Act of 1934.

George W. Bush and Hillary are both Methodists. Some say that they’ve got a lot of blood on their hands. Who knows what might be found if we could look up the variety of Christianity that the Colorado Springs guy was into?

Proxy shootings don’t count. By that logic, Truman killed more than anybody, or wait, what about President Lincoln? A lot of dead Americans from that darn civil war.

Why shouldn’t they count? By that logic Osama bin Laden isn’t responsible for any deaths unless they resulted from him personally pulling a trigger or planting a bomb.

Truman killed more than anybody,

If you’re talking about enemies at war with the USA who died under specific American presidents, Truman doesn’t come close.

bad edit job, sorry

probably all you need is a cheery Welcome sign image of a pig mounted on your door. And let it be known that your ammunition has been liberally coated with bacon fat.

FWI, remembering from 9/11 coverage, radical Islamasists can partake of all the “sins of the infidel” when it is in the context of being on a mission to destroy the “infidel”.

Some of the 9/11 attackers were living the high-life in Florida before those flights.

The Muslim’s of Pershing’s day didn’t get the internet memo.

Today, I don’t think a ham sandwich or a short-rib pimp-slap is going to stop them.

You haven’t seen the bacon prank video.

https://www.youtube.com/watch?v=3Mb8nQ3hNsM

I love the smell of “Go Time” in the morning

However, California should allow concealed carry to non-felons over 25 who have gone through a training permit process.

It’s easy to get a CCW permit in 31 counties, mostly the rural ones. 9 counties, including Los Angeles and SF, won’t issue them. The remaining 18 counties require good cause.

good cause -like shooting back?

So your nest egg wont cover 28 years of retirement.

Do what the-fixr is doing, and reduce the number of years you will be retired.

Work until you can’t + early stroke or heart attack = no problem.

And since all the world’s problems seem to be caused by old white guys, make the world a better place.

Just don’t fly on any airplanes, when the Nintendo-trained mechanics are totally in charge.

The trouble with your plan X-GSfixr is that in many workplaces there is age discrimination. Excuses are found to fire, lay off or force older workers out prior to retirement. I’ve seen it myself when promotions were given to “fresh blood up-and-comers” while passing over more qualified older colleagues.

Could Age Discrimination Derail Your Retirement Plans?

Then you do what the -fixr stumbled into, and start doing 1099 work on the side. To have multiple streams of income, and to “stay in the network”

Every job I’ve had since becoming a DOM I’ve got by “word of mouth”. IMO, the more you can avoid the corporate HR application Kabuki, the better.

I’ve seen several instances of flight departments telling HR “we know this guy, this is who we want to hire”, followed up by the HR department rejecting his app, because he “didn’t fit the profile”

Yeah, call it “white male privledge”. I call it “black guys are too smart to apply for these jobs, when they have to move to BFE in Flyover, and see what it pays”.

Unfortunately, avoiding corporate HR Kabuki also means avoiding corporate benefits such as decent health insurance.

Job lock — more accurately job lock-out — is part of what Obamacare was meant to fix.

Government intervention in markets and interest rates decimates the wage earner, along with crushing tax burdens. More government confiscation isn’t going to solve the problem

Yes, the free market solves all. If we just deregulate and untax our corporate masters, trickle down will fill our paychecks and 401k’s. Yup, CEO’s with multi-million golden parachutes and massive compensation packages can’t wait to share their riches with the working stiffs. All we have to do is untax and deregulate to unlock it!

the 20’s were nice
lots of regs in the 30’s=not so good
where is there a free market country?

The average working stiff hasn’t saved much because he spent his prime working years paying off massive debts mostly for grossly overpriced houses.

I’m sure that is the case for many but not the average imo. If you look at the averages, “grossly overpriced houses” are not the reason for today’s retirees low savings. The main reason is that wages have not kept up with real inflation imo.

1. About 30% of Americans own homes outright.

2. In a lot of the USA the cost of renting has been the same or higher as a percent of income than the average of mortgage payments over the term of the mortgage. According to this source USA rent averages 42% of income. Which today, would make your “renting is the path to savings” argument mostly moot.

http://files.hawaii.gov/dbedt/economic/image_rank/Grossrent_35.png

3. According to data from the Bureau of Labor Statistics, the cost of housing for the average American household was $16,803 a year as of 2011, while the average household income before taxes was $63,685 a year. That works out to about 26 percent of income spent on housing. thenest dot com

I’m not seeing in the stats that overspending on housing is the main cause of retirees having not enough savings/assets especially when one considers the house as a “forced” savings/ asset builder vehicle for many who couldn’t otherwise save money.

You argue against things I am not saying. I am talking about people like me specifically. The boomer with some savings facing retirement. I already have it figured out, but I see the problem for most is debt service and high taxation. For every $10,000 I earned at age 40, $5,000 went to taxes (and SS), $2,000 went to debt service, $3,000 went to overpriced housing and another $3,000 went to raising children. I lived on vapors and went deeper into debt. This math problem does not require more Fed and more Gov. Less would help.

My workaround was

1) rent for less than half the cost of owning
2) stop buying things I could not afford.
3) tax shelter $1000 of that income
4) pay off debts
5) stop raising children
6) exert some of the newly available energy to earn $20,000

Painful as it was, I didn’t need Robin Hood to save me. Less Robin Hood would have helped. Less Fed would have helped.

This isn’t brain surgury. Most everybody I know has,since 1980:

-seen 3% pay raises, when the defacto inflation rate is double that

-seen pension plans disappear

-seen benefits disappear

-been laid off/downsized 2-3 times, and starting over at 20-25% less when a new job is finally located.

Note that this has been in an industry that with exceptions in 1981-83 and 2009-current has been “doing very well”

It could be worse. I could have gone to work for an airline, instead of working on corporate jets.

the 20’s were nice

My grandparents told me a little about what life was like in the 1920s. It was pretty miserable.

WPA: Yes, the free market solves all.

I don’t think anyone in this thread is saying the free market solves all.

When government pumps money into a sector, it causes targeted inflation in that sector (housing, education, medicine).

When government backstops financial markets, it seems to lead to bubbling.

When government buys and insures private debt, it balloons the costs of items purchased with that debt (e.g. housing).

When government suppresses interest rates to encourage yet more debt among the population, they are creating unintended consequences.

While government may mean well, the road to hell is often paved with good intentions.

When government pumps money into a sector, it causes targeted inflation in that sector (housing, education, medicine).

This must happen when the Pentagon spends money on armaments, no?

MightyMike: This must happen when the Pentagon spends money on armaments, no?

Feel free to make a point, if you have one.

The point is that military spending is often left off of lists of that kind. The reason for that is probably interesting.

Shuffle some more SnowFlake.

I give my wealth to the thugs under duress to avoid being thrown in a cage. I do not recognize they have any right to rob me. It is part of the cost of bring free, being shook down by a criminal gang.

I read an interesting article on the challenges of adding alternatives to the mix. There are the obvious challenges of the sun not shining at night, and the wind not always blowing at peak times.

However, one non-obvious one that was mentioned was effectively “momentum banking”. A lot of energy is created by driving turbines that spin, and it takes a lot more energy to get the turbines going than to keep them spinning.

In other words, stopping and starting turbines frequently to balance the electrical load if the alternative power source is intermittent is quite inefficient. And so they are trying to find ways to overcome that particular challenge so they can continue to increase the amount of alternatives on the grid without going backwards in terms of emission reduction.

It was an interesting problem with continuing to add alternatives that I hadn’t considered before.

That said, a long time ago, they said that they couldn’t have alternatives be more than x% of the grid, and they have continued to find ways to push x% higher and higher.

amazing stupid people out there afraid of evolution.

Yes, windmills dont work. that is why they build them.

Wind turbines have very little momentum, as opposed to spinning generator rotors in hydroelectric plants. Wind turbines start and stop automatically depending upon the wind speed.

And wind turbines are not, and never will be, baseload power plants.

Without baseload power, you cannot have a functioning electrical grid, period.

Do your homework. The addition of alternative energy to our power grid has actually made it less stable and harder to operate, as now we have variability on both the supply and demand side (previously was only on the demand side).

And wind farms were only built (first back in the 1970s and early 1980s, and then again more recently) due to the generous subsidies and tax incentives that they received.

Without those incentives, none would have ever been built as they financially don’t pencil out.

More homework required, apparently. I won’t mention how many birds that they kill either as that doesn’t fit the narrative. Nor mention the blade cracking problems, rotator bearing and gearbox failures, generator insulation failures (all requiring a $5000/day crane to be driven 200 miles from its home base to repair), and other issues too numerous to mention here.

Last summer I took a tour through the wind farms in NE Oregon with a former wind farm site manager - when is the last time you visited one?

Nuclear, coal and gas power plants also require periodic maintenance. That maintenance is not exactly cheap.

uhg! windmills and solar add power to the grid when they can. not 100%. get it? We wont replace nat gas and other power plants. dont freak out. The birds will evolve too.

trucks on the hwy kill more birds then windmills.

Are you afraid to fly in an airplane? A mule will get you there too.

Liberace,

Have you tried putting a windmill on an airplane yet?

ignorance is bliss

Indeed it is Lib.

How about a windmill on your little Honda?

“Gambling…pays ~10%”

Sounds like fun.

I don’t have good investment ideas. When I think the price of something is too high, I avoid buying it.

CAB is finally on sale at the butcher shop. I am stocking up.

(arcc) is a 10% div play

I would never invest in retail

fisher or dudley tomorrow?

Duh. They’ve been holding the 401K stiffs hostage for upwards of 30 years.

Just wait until they buy enough of Congress to get the SS “carve-outs” they always wanted. They failed once. But I suspect they’ll try again. When? My guess is 2030. Boomers will be dead, there won’t be enough GenX to vote it down, and Millenials would still be too young to care.

Evidently the scenario that took down the AirAsia airplane

-Because of a faulty circuit card, they got a “Rudder Limit Fail” message.

-In order to clear the message, crew evidently started pulling C/Bs to “reboot”. They evidently pulled the CBs to the “Fly by Wire” computer, therefore disabling the “Fly by Wire” system.

Reportedly, best case scenario is that the system takes 8-9 seconds to come back on line (at best, with aircraft sitting on ground). Plenty of time for the airplane to get into an uncontrollable position.

This is nothing new. They don’t want flight crews trying to do workarounds in flight. That’s why they have all of these “Emergency/Caution/Abnormal/Normal Procedures” manuals to tell them what to do in the event of failure. When you jack around with the airplane outside the limits of the flight manual, you have just re-entered “Experimental Flight Test”.

Reportedly the rudder limit actuator had been replaced several times, didn’t fix it. Back in the days before “Expert Systems” and “Failure Matrixes”, there used to be this thing called “troubleshooting”. In which, you followed up the history of the problem, and you figured out that it was something else other than an actuator, after a couple had been replaced and the aircraft had the same problem.

When you have your maintenance done by contractors, in different shops all over SE Asia, and they all use the same matrix, they all come up with the same result…….change the actuator. They don’t know, and probably aren’t required to care, that there have been several actuators in the aircraft, and they all have the same problem.

What I find most troubling about that is the fact that the pilot can’t fly the plane at all without the computer. Seems like an obvious thing to keep these guys trained for this.

Or is it actually impossible to fly the thing without the computer?

I think the idea is you don’t own one… you just summon one when you need it.

the fourth one