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Mirthless posted:the only way you should look at housing as an investment is that when you pay it off you don't owe money for housing expenses anymore and that means you can actually start investing that money into something No one thinks a car is an investment, other than a tool that depreciates and is generally necessary to hold a job or a social life. It's the opposite of an investment.
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Dec 9, 2016 17:57
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comingafteryouall posted:I don't disagree with this! Once I retire, I want to do a bunch of heroin and just really dangerous stuff because I love my job and don't want to be an enfeebled old man. Maybe when I get there I can project stories across the mind-net and be a crazy old socialist that everybody ignores, but current retirement doesn't really appeal to me. There are 75 year olds who are in better shape than most of us posting here, it doesn't make sense to pick an arbitrary age like that. I can see someone wanting to off themselves once their quality of life deteriorated significantly with little hope of reversal but I don't see why you would just choose a death age.
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Dec 9, 2016 17:57
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Internet Explorer posted:Please explain how my post implies that it's an investment. Thank you. Ok. Help me understand this sentence: quote:But, there are plenty of people who qualify as "not rich" who have purchased houses and are very adversely affected by dropping house prices. If you spent 100k on a house, borrowed 80k of that, and now the house costs 60k you are pretty much hosed. Why are they "pretty much hosed?" You get a 30 year mortgage, and the monthly payment stays the same regardless of how much the instrument is "worth."
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Dec 9, 2016 17:58
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Joementum posted:No, you see, what we need is more poverty! "People voted for an outsider candidate running on a change campaign because they were desperate. Now all that change has benefited them so much that they're all Fat And Happy which freed them up to vote in an outsider candidate running on a change campaign  ""Why would they vote for basically a third term of an administration that I fervently believe fixed all their problems? They're RACISTS." how can one person be so wrong so consistently
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Dec 9, 2016 17:58
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im down for socialist egalitarian rednecks because theyre probably way chiller and more fun to be around than sanctimonious Brooklyn fuckos like Freddie deBoer
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Dec 9, 2016 17:58
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Yinlock posted:i was unaware that i could replace my teeth with solid platinum, for free Man, once UHC is passed I'm gonna get so many MRIs, you have no idea. Just basically live at the clinic for that sweet, free magnetic resonance imaging yo. greatn posted:Wasn't Willa a huge Clinton supporter? During the 2008 primary she absolutely was, but then claimed to not have been later on. Fidel Cuckstro posted:I wonder why the poor would want to see themselves as temporarily suffering, as opposed to permanently stuck in misery while being morally scolded by societal elites. Something something protestant ethic something something bootstraps.
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Dec 9, 2016 17:59
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Internet Explorer posted:No one thinks a car is an investment, other than a tool that depreciates and is generally necessary to hold a job or a social life. lol you'd be really surprised at what some people think i've been "a car is an investment!"'d more times than I can count
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Dec 9, 2016 18:00
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unless you flip houses for a living or are a bank, in which case you are the problem, stable or slightly declining housing prices should not affect you negatively at all. obviously the housing market falling 40% is a crash and those don't end well
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Dec 9, 2016 18:00
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paranoid randroid posted:im down for socialist egalitarian rednecks because theyre probably way chiller and more fun to be around than sanctimonious Brooklyn fuckos like Freddie deBoer tbf it's hard to not sanctimonous if i was assaulted on all sides by randian neoliberal trash posing as academia
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Dec 9, 2016 18:01
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ate poo poo on live tv posted:Ok. Help me understand this sentence: you're hosed if you have to move though
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Dec 9, 2016 18:02
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Guy Goodbody posted:I find it worrying that that "let it spill over into the streets" line is now apparently the Democrat's election strategy. Why contain it? S'cool
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Dec 9, 2016 18:03
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Fred of Boer: erhhrn nice meme, guy, but have you considered that irresponsible levity is why Trump won? Redneck Socialist Alternative: *hoots, hollers, shoots a jug off a fence with an old timey blunderbuss*
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Dec 9, 2016 18:03
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Freddie has lots of good opinions but also thinks Michael Tracey (only actually existing bernie bro who cultivates and fans the flames of a following of Trump/alt-right supporters) is worth listening and paying attention to lol
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Dec 9, 2016 18:03
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Anime Schoolgirl posted:they really are. they're literally the kind of rednecks that make illegal fireworks and moonshine, literally architects of the glorious revolution Yeah Freddie can be kind of a dick but the people he argues with on twitter are usually much, much worse.
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Dec 9, 2016 18:04
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paranoid randroid posted:im down for socialist egalitarian rednecks because theyre probably way chiller and more fun to be around than sanctimonious Brooklyn fuckos like Freddie deBoer For real. I've felt more kinship to redneck hunters from the adirondack mountain region in upstate NY than democrats living in glass towers in manhattan. There's not enough room in our party for the working class folks that we need to take care of after the rich neolibs decided they wanted to look PC as possible.
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Dec 9, 2016 18:04
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UHD posted:you're hosed if you have to move though Agreed there. But that is the risk you take when you decide to buy. Though depending on the location of the house, you may be able to rent out your underwater house, to cover the mortgage, and then move anyway. Basically the decision to buy should be based on what your future plans are. If you are planning on moving in a few a years, it probably makes more sense to rent, if you are planning on having kids and staying put for 5,10,15 years, then it might make sense to buy. And during those 5-10-15 years, the actual value of the house doesn't matter.
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Dec 9, 2016 18:05
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Tight Booty Shorts posted:Wasn't Goldman Sachs like buddies with Hillary? Wow, they dumped the Dems the instant they lost the election lol say goodbye to corporations like target supporting lgbt rights and employment non-discrimination
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Dec 9, 2016 18:05
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i want Connor Kilpatrick and Fred of Boer to do a suicide pact
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Dec 9, 2016 18:05
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Mirthless posted:lol you'd be really surprised at what some people think They should buy magic cards. They can only appreciate!
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Dec 9, 2016 18:06
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Pollyanna posted:say goodbye to corporations like target supporting lgbt rights and employment non-discrimination the world only marches in the direction of progress when the money sign points that way
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Dec 9, 2016 18:06
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Internet Explorer posted:No one thinks a car is an investment, other than a tool that depreciates and is generally necessary to hold a job or a social life. So why is housing different?
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Dec 9, 2016 18:06
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ate poo poo on live tv posted:Ok. Help me understand this sentence: It becomes harder to find a job because if you cannot sell it, you have to look within your commute radius. The option of moving to a new area becomes significantly harder. If housing prices have dropped significantly, even renting it out may be difficult because you will likely have to rent it out for less than your mortgage + other costs. This same concept makes it hard to move for any reason, including things like having to care for a sick family member. It also shows negatively on your credit. If you are -20k on your mortgage, getting a loan for something like starting a small business or repairing your home become significantly harder. Need 10k for a new roof and can't afford one right now? A home equity loan would have been an option if you were above water, but now you get to watch your home get destroyed due to leaks, further plummeting the value. There are other issues as well, but I think that's a good enough start. I'm actually surprised this needs to be explained. The housing market tanking was a problem for the global economy due mortgage bundling, but there was a very real impact on a huge number of people when just looking at the housing side of things. That's why the government had programs like HAMP and HARP.
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Dec 9, 2016 18:06
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ate poo poo on live tv posted:Ok. Help me understand this sentence: Labor mobility for one. It's a lot more common now days to chase work all over the country, and having to cough up 60k to get out of a mortgage is impossible for most people. Housing is a hard problem - but it certainly should not be treated as an investment. If only there was an organization with the power to set reasonable limits and constraints on things people require to live...
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Dec 9, 2016 18:06
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ate poo poo on live tv posted:Ok. Help me understand this sentence: They're hosed if they ever need to move to a new city for a job etc because they will still owe money to the bank after selling their house. Like imagine if they live in a small town with one major employer and that employer decides to outsource. Meanwhile, the city 4+ hours away is in the midst of a boom and has a labor shortage. The "smart" thing would be for that displaced worker to move to where the jobs are, but that's not realistic if that worker is underwater on his or her mortgage.
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Dec 9, 2016 18:06
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greatn posted:Wasn't Willa a huge Clinton supporter? She got probated once for unironically using the term "Hitlary".
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Dec 9, 2016 18:06
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Zikan posted:Freddie has lots of good opinions but also thinks Michael Tracey (only actually existing bernie bro who cultivates and fans the flames of a following of Trump/alt-right supporters) is worth listening and paying attention to lol Michael Tracey and Peter Daou should be left on a very small desert island together so that we can see who kills and eats the other first.
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Dec 9, 2016 18:06
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ate poo poo on live tv posted:Agreed there. But that is the risk you take when you decide to buy. Though depending on the location of the house, you may be able to rent out your underwater house, to cover the mortgage, and then move anyway. Basically the decision to buy should be based on what your future plans are. If you are planning on moving in a few a years, it probably makes more sense to rent, if you are planning on having kids and staying put for 5,10,15 years, then it might make sense to buy. And during those 5-10-15 years, the actual value of the house doesn't matter. ideally lowered housing costs would also drive down the cost of rent so it becomes a more attractive option for people to actually live in for more than a year or two
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Dec 9, 2016 18:07
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Pollyanna posted:the world only marches in the direction of progress when the money sign points that way This is why goldman sacchs hanging a trans flag outside their window doesn't actually qualify as progress. That kind of representation or w/ever can turn on a literal dime.
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Dec 9, 2016 18:09
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Pollyanna posted:say goodbye to corporations like target supporting lgbt rights and employment non-discrimination Like 95% of major corporations support those things, this is being too paranoid. I'm pretty sure corporate LGBT policies have been trending in the right direction since HRC started tracking them and that included all of the Bush years, with Bush being much more dedicated to anti-gay politics than Trump.
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Dec 9, 2016 18:09
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ate poo poo on live tv posted:So why is housing different? Is this a serious question or are you trolling? If you're serious I'd be happy to answer, otherwise, I'll let someone else take the bait.
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Dec 9, 2016 18:10
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Guy Goodbody posted:I find it worrying that that "let it spill over into the streets" line is now apparently the Democrat's election strategy. Warren Spector was right, Bob Page is basically Elon Musk
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Dec 9, 2016 18:11
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also I won't let people talk poo poo about either Freddie deBoer (who is a Twitter Good Boy) or Michael Tracey (who is Dirtbag Left just like Chapo except Twitter Left people don't like him because Bro_Pair yelled at him over him posting Lena Dunham's publicly known address)
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Dec 9, 2016 18:13
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MaxxBot posted:Like 95% of major corporations support those things, this is being too paranoid. I'm pretty sure corporate LGBT policies have been trending in the right direction since HRC started tracking them and that included all of the Bush years, with Bush being much more dedicated to anti-gay politics than Trump. They don't support those things, it's more accurate to say that they were just trying to look trendy.
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Dec 9, 2016 18:13
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Zikan posted:Freddie has lots of good opinions but also thinks Michael Tracey (only actually existing bernie bro who cultivates and fans the flames of a following of Trump/alt-right supporters) is worth listening and paying attention to lol "fans the flames of a following of alt-right supporters" is code for "doesn't zero-interaction block people I don't like on Twitter like a bitchmade Arthur Chu-ite"
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Dec 9, 2016 18:14
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Tight Booty Shorts posted:They don't support those things, it's more accurate to say that they were just trying to look trendy. The notion of firing gays from their jobs polls badly even with Republicans, Conservatives, or pretty much any demographic group you can tease out other than possibly the very old. I'm sure some companies have homophobic CEOs and boards due to the aforementioned very olds but there's no reason to believe the average corporation is like that. Pretty much every pro-business group like all of the chamber of commerce groups strongly support LGBT protections, Republican politicians are basically the only reason we don't have them.
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Dec 9, 2016 18:15
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I want to get drunk and shoot guns in the woods with hillbilly socialists
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Dec 9, 2016 18:16
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Segmentation Fault posted:also I won't let people talk poo poo about either Freddie deBoer (who is a Twitter Good Boy) or Michael Tracey (who is Dirtbag Left just like Chapo except Twitter Left people don't like him because Bro_Pair yelled at him over him posting Lena Dunham's publicly known address) tough tiddy, man, im here to chew gum and call Fred of Boer a bad lame dude who sucks
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Dec 9, 2016 18:17
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Fullhouse posted:I want to get drunk and shoot guns in the woods with hillbilly socialists Highly recommend it.
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Dec 9, 2016 18:17
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Internet Explorer posted:Is this a serious question or are you trolling? If you're serious I'd be happy to answer, otherwise, I'll let someone else take the bait. Well I'm trying to understand the "Housing as an investment" mind-set. If you don't think housing is an investment, then we agree. If you do then I want to know why a car isn't an investment, but a house is. As for the value of a house when you need to sell it, that is obviously important, but the rest of the time why does it matter. Repairs should be covered by housing insurance, as that is kind of the point of it.
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Dec 9, 2016 18:18
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Fullhouse posted:I want to get drunk and shoot guns in the woods with hillbilly socialists It's the loving best. I loved working in the adirondacks for this reason. Some of the best people, and we didn't even try to reach out them. Shame. Same with veterans. Why the gently caress aren't we reaching out to veterans?
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Dec 9, 2016 18:19
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