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It would be nice if building a cheap cabin didn't cost $10k in permits in El Paso county. Land is reasonable and dropping a well/septic is pretty reasonable, same for tying into power/phone. The next county west is like, $600 to build anything you drat well want.
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Nov 2, 2017 19:14
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45 ACP CURES NAZIS posted:can you repeat this, but english A small but significant percentage of the capital inflating the West Coast real estate bubbles comes from drug money being laundered and used to buy investment properties. This established laundering system also allows people in mainland China who are looking to move their money offshore, where the Chinese central bank is less able to gently caress with it, to do so without making the appropriate declarations on either end. If the drug money dries up because all the users die, the laundering operations will be unable to maintain solely by washing Chinese money, and will close up shop. This failure of laundering services will have a domino effect on the rest of the West Coast shadow economy, leading to the collapse of housing markets in Central valley towns like Modesto and Turlock, because there is no reason to buy a house in Modesto or Turlock unless you're doing something shady. I'll believe it. There has been an explosion in "board and care" homes around here. These are assisted living facilities below the standard of care provided by a skilled nursing facility or memory care facility. The staffing requirements for these types of homes is extremely minimal, no nurses, as the residents are unable to live independently but are theoretically lacking the sort of medical needs that require skilled nursing. Every time I show up at one of these places, it is an extremely nice home in an upscale area, with a staff of immigrant workers, warehousing people unable to live independently for Medicaid. The best guess I have is that these are a way for foreign, criminal or otherwise remote buyers who acquired the house as an investment property to try to make money off of it until they sell.
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Nov 2, 2017 19:18
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BigDave posted:Wait what? The fashion district is laundering Chinese drug money through Armenian biker gangs? California is a massive state in practically every sense of the word. The biker gangs are not Armenian, AP tends to prefer freight trucks as their "thing" outside being otherwise highly similar to the Russian Mafia. 20-30 years ago, it was Yakuza money developing Pebble Beach. Now it's klepto/triad/GT money developing practically the whole west coast. And not just luxury condos - industrial warehouse development, walk-in commercial devlopment, rental SFRs, and renovated uday-and-qusay style multi-million dollar mansions. It comes in through the EB-5 program, it comes in through "tuition" wires totaling millions of dollars to attend UC San Bernardino for 2 years, it comes in through "family loans" for all sorts of tiny businesses that aren't otherwise operating illegally, and it comes in through all sorts of really questionable consulting businesses that are designed to have Chinese patsies use their SAFE quota to wire USD $50k at a time to some long lost family member in Irvine so they can buy a bunch of property while claiming they are the newly-transferred manager for a logistics warehousing company that claims to export grain waste products but maintains a warehouse with zero humidity mitigation. China is a big country, California is a big state, there's really nothing inherent to the populations. India is starting to have stuff come in too, but Japan started cracking down from their side a while back and it's tapered off. It's a big connected web of organized crime living together like a seedy rainforest. The guys leasing the space in City of Industry might help shuffle money for Armenians by making up some amount of trucking activity for their fake grain waste stuff. Armenians need to be able to monetize the credit fraud they specialize in, so they use their fake transportation companies with dubiously licensed truckers to move high-ticket goods around for resale. Take a look at Minneapolis for what this looks like at an early stage.
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Nov 2, 2017 19:25
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You have a cool job
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Nov 2, 2017 19:26
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Dead Reckoning posted:I'll believe it. There has been an explosion in "board and care" homes around here. These are assisted living facilities below the standard of care provided by a skilled nursing facility or memory care facility. The staffing requirements for these types of homes is extremely minimal, no nurses, as the residents are unable to live independently but are theoretically lacking the sort of medical needs that require skilled nursing. Every time I show up at one of these places, it is an extremely nice home in an upscale area, with a staff of immigrant workers, warehousing people unable to live independently for Medicaid. The best guess I have is that these are a way for foreign, criminal or otherwise remote buyers who acquired the house as an investment property to try to make money off of it until they sell. Lots of -yan and -ian names in those home health care operations I bet.
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Nov 2, 2017 19:28
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FAUXTON posted:Take a look at Minneapolis for what this looks like at an early stage. *eyes glaze over at everything else* So you’re saying I should buy a house to flip to totally legitimate business people?
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Nov 2, 2017 19:29
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The Sikhs in the central valley are notably clean as gently caress with the exception of individuals trying to scam aspiring licensees.
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Nov 2, 2017 19:29
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Oh hey, I remember that I perjured myself now! https://twitter.com/KenDilanianNBC/status/926152966712758272
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Nov 2, 2017 19:30
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A Chinese immigrant working at a Starbucks bought my starter home in the Bay Area for 700k with help from family back home. Uh huh.
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Nov 2, 2017 19:30
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hobbesmaster posted:*eyes glaze over at everything else* I think he is saying to buy a house in Minneapolis to become a wealthy Chinese business Armenian.
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Nov 2, 2017 19:33
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FAUXTON posted:Lots of -yan and -ian names in those home health care operations I bet.
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Nov 2, 2017 19:33
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hobbesmaster posted:*eyes glaze over at everything else* No because the early stage is year over year over year billion-dollar annual totals for new commercial development. Once that gets tapped out you'll see the houses start to do fucky things like one no-name escrow company managing to have scooped all the listings for a given area, getting bids in wirth check in hand before any realtor can refresh their listing pages.
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Nov 2, 2017 19:33
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There's a reason that the sale of new homes in BC and Ontario suddenly dropped off markedly as soon as the provincial governments instituted a "Foreign Buyer's tax" on each home purchase. Watch what happens when an empty home tax gets raised.
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Nov 2, 2017 19:33
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Dead Reckoning posted:Yarp. They're a blend of Medicare/aid fraud, bust-outs in the making, and channels to purchase medical equipment/supplies for resale using business credit. Banks tend to catch onto these mid-way into their bustout cycle and then suddenly 40 Armenian dudes show up at the next bank down the street in Glendale all wanting to open home healthcare businesses using sequentially numbered cashier checks from the chase branch 2 blocks away.
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Nov 2, 2017 19:37
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FAUXTON posted:No because the early stage is year over year over year billion-dollar annual totals for new commercial development. Once that gets tapped out you'll see the houses start to do fucky things like one no-name escrow company managing to have scooped all the listings for a given area, getting bids in wirth check in hand before any realtor can refresh their listing pages. But if that’s the early stage that Minneapolis is in then doesn’t that mean that housing prices will spike when the next phase starts? Homes are still dirt cheap in Saint Paul for example.
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Nov 2, 2017 19:39
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hobbesmaster posted:But if that’s the early stage that Minneapolis is in then doesn’t that mean that housing prices will spike when the next phase starts? Homes are still dirt cheap in Saint Paul for example. Yep, but if there's still a decade worth of commercial growth in the CBD then you're not exactly flipping, you're holding for 10-12 years and then selling to a nice young family who is sending their student and his three BMWs to UM.
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Nov 2, 2017 19:41
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FAUXTON posted:They're a blend of Medicare/aid fraud, bust-outs in the making, and channels to purchase medical equipment/supplies for resale using business credit. How do I get your job? Because doing fraud investigations sounds great.
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Nov 2, 2017 19:42
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FAUXTON posted:Yep, but if there's still a decade worth of commercial growth in the CBD then you're not exactly flipping, you're holding for 10-12 years and then selling to a nice young family who is sending their student and his three BMWs to UM. Three BMWs? drat, my dad’s grad student that bought a new Shelby mustang was low rent. That grad student is now doing 7 years in federal prison on child pornography charges
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Nov 2, 2017 19:44
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I know the, "Bernie would have won," debate is stupid to continue to litigate, but Donna Brazile posted a pretty eye opening "gently caress Hillary" piece on Politico today.
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Nov 2, 2017 19:45
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ManMythLegend posted:I know the, "Bernie would have won," debate is stupid to continue to litigate, but Donna Brazile posted a pretty eye opening "gently caress Hillary" piece on Politico today. yeah I saw that. Donna Brazile is awful though so you can bet this is going to be as slanted towards the "gently caress hillary" side as possible. Honestly though? All I'm really seeing here was that Hillary's campaign was funding the DNC since 2015. Hillary's fundraisers, Hillary's events, Hillary's everything was what let the DNC function and in exchange for that her campaign had operational control of DNC dollars. Not illegal in the slightest. At most it was against internal DNC custom. Hell! Brazile even admits that despite exhaustive searches she found no evidence of the DNC rigging the system in Hillary's favour. So even with operational control of DNC dollars, that money wasn't misused. If anything, this seems a testament to the campaign's ethics, which is a sentence I never thought I'd write because lol @ Clinton + ethics. The Iron Rose fucked around with this message at 19:51 on Nov 2, 2017 |
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Nov 2, 2017 19:48
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Cat Army 
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ManMythLegend posted:I know the, "Bernie would have won," debate is stupid to continue to litigate, but Donna Brazile posted a pretty eye opening "gently caress Hillary" piece on Politico today. What a loving mess of a political party
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Nov 2, 2017 19:51
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Dead Reckoning posted:Yeah, I guessed that part. I'm surprised medical equipment resale is that profitable, but I suppose I shouldn't be. Is this a thing where you purchase X on credit, resell it for whatever you can to convert it into cash, but it doesn't matter because it's 100% profit if you never pay your bills.
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Nov 2, 2017 19:58
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And on Politico, one of the Mercer brothers stepped down from his organization and sold his share of Breitbart. He cited not agreeing with Brannon’s politics as the reason. So take that however you want.
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Nov 2, 2017 19:59
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cowboy elvis posted:And on Politico, one of the Mercer brothers stepped down from his organization and sold his share of Breitbart. He cited not agreeing with Brannon’s politics as the reason. So take that however you want.
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Nov 2, 2017 20:01
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A new poll shows a sizeable majority of Americans think the special investigation is being handled well and also that Manafort and Gates should burn. Sizeable numbers also think Papadopoulos indicates other poo poo was happening. The numbers cut somewhat among partisan lines, but a lot of independents and a sizeable number of Republicans also think Trump is full of poo poo. https://www.washingtonpost.com/worl...m=.141069ee6b9d
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Nov 2, 2017 20:08
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cowboy elvis posted:You have a cool job He gets to uncover all the cool poo poo, I just cover it all up on the other end. AML/BSA work does expose some fascinating methods though, just wait until you see the poo poo legitimate companies go through. FAUXTON posted:Yep, but if there's still a decade worth of commercial growth in the CBD then you're not exactly flipping, you're holding for 10-12 years and then selling to a nice young family who is sending their student and his three BMWs to UM. Then you complain about all the 19 year olds driving their M6's on the wrong side of the road and get called a racist. There's an exciting trend of these families picking smaller, redder states for Jin Jr. to go major in accounting, lots of smaller county sheriffs out in Montana, SDakota, etc suddenly racking up violations on some exotic imports and researching how to issue citations to foreign nationals. Immanentized fucked around with this message at 20:24 on Nov 2, 2017 |
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Nov 2, 2017 20:20
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ManMythLegend posted:I know the, "Bernie would have won," debate is stupid to continue to litigate, but Donna Brazile posted a pretty eye opening "gently caress Hillary" piece on Politico today. I'll wait for the summary. The melodramatic "I gasped" retelling of a loving phone call is what did it for me. Don't Politico and Hachette employ editors?
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Nov 2, 2017 20:34
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Which one of you fine Omahans wants to take me on as your protege? I have a degree in botany but I'm sure we can make it work somehow.
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Nov 2, 2017 20:39
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Dead Reckoning posted:Yeah, I guessed that part. I'm surprised medical equipment resale is that profitable, but I suppose I shouldn't be. No poo poo, the DoD needs auditors bad. Lists is as top needed occupation on USAJOBS
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Nov 2, 2017 20:49
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comeys new book cover
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Nov 2, 2017 21:01
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missed opportunity for ‘james and the giant impeach’
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Nov 2, 2017 21:14
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https://twitter.com/RoseAnnDeMoro/status/926113763538780160
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Nov 2, 2017 21:16
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Soulex posted:No poo poo, the DoD needs auditors bad. Lists is as top needed occupation on USAJOBS So, like a CPA plus auditor experience?
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Nov 2, 2017 21:20
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Tryzzub posted:missed opportunity for ‘james and the giant impeach’
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Nov 2, 2017 21:22
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facialimpediment posted:Oh hey, I remember that I perjured myself now! gone
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Nov 2, 2017 21:22
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Smiling Jack posted:gone
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Nov 2, 2017 21:24
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Immanentized posted:He gets to uncover all the cool poo poo, I just cover it all up on the other end. AML/BSA work does expose some fascinating methods though, just wait until you see the poo poo legitimate companies go through. Yeah well now we gotta brace for an influx of Californians taking up all the garage parking.
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Nov 2, 2017 21:24
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Casimir Radon posted:Sessions now recalls Papadouchaous talking about his Russian contacts. Jefferson Dotard Sessions
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Nov 2, 2017 21:26
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at the date posted:I'll wait for the summary. The melodramatic "I gasped" retelling of a loving phone call is what did it for me. Don't Politico and Hachette employ editors? The summary is that Obama left the party millions of dollars in debt and the party literally signed over full control of all funds as well as all party messaging to Hillary Clinton and her two campaign entities after they were formed in 2015. The Clinton organisations then raided state party coffers to pay off national party debts which left massive holes in funding for state level races.
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Nov 2, 2017 21:26
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NUKES CURE NORKS posted:If we destroy the world and make it uninhabitable then humans won’t be able to sexually assault each other. Can we hurry the gently caress up I'm too old and have too many bad habits to wait around on the sea swallowing everyone
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Nov 2, 2017 21:27
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