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Krispy Wafer posted:I’ve listened to Smartest Guys in the Room and yes, it was great. Another good one is There Must be a Pony in Here Somewhere about the AOL/Time Warner merger. I’ve still got The Big Short to get through. There is a podcast called Business Wars that covers this sort of material. They have picked interesting stories to present. Napster vs record labels, Red Bull vs Monster, coke vs Pepsi, Netflix vs Blockbuster, a bunch more it’s quite prolific. But I find Wondery podcasts only sorta good. I like that they are well-produced, but they have these over-the-top reenactments that I eventually found so annoying I stopped listening.
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Feb 5, 2019 09:03
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CmdrRiker posted:Isn't the majority of a vehicle's depreciation towards the beginning of the life of the loan and over time the depreciation rate becomes less noticeable on the car's diminishing value? I don't think it's actually that dumb of a move, but it would depend a lot on the vehicle and the market's affect on the depreciation rate. Buyers will be under water on the loan for that much longer, so you’ll end up with a lot of people rolling over negative equity when they decide that it’s too much trouble to do maintenance on their five year old car, or because they simply can’t have a car with such antiquated technology.
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Feb 5, 2019 12:04
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Switchback posted:There is a podcast called Business Wars that covers this sort of material. They have picked interesting stories to present. Napster vs record labels, Red Bull vs Monster, coke vs Pepsi, Netflix vs Blockbuster, a bunch more it’s quite prolific. Yeah, I only listened to a couple of the episodes of Netflix v. Blockbuster/HBO. It was okay, but you're right about Wondery. I did LOVE Dr. Death though.
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Feb 5, 2019 13:59
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CmdrRiker posted:Isn't the majority of a vehicle's depreciation towards the beginning of the life of the loan and over time the depreciation rate becomes less noticeable on the car's diminishing value? I don't think it's actually that dumb of a move, but it would depend a lot on the vehicle and the market's affect on the depreciation rate. The slower the amortization of the loan due to a long repayment term, the deeper underwater the loan is following that rapid depreciation and the longer it remains underwater. The longer the repayment term, the riskier the loan is due to the spread between the loan principal and the value of the vehicle. On a 24 month or 36 month loan with a substantial down payment, there is no significant underwater period of the loan for most cars which is the reason why you can get fantastic interest rates.
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Feb 5, 2019 17:31
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CmdrRiker posted:Isn't the majority of a vehicle's depreciation towards the beginning of the life of the loan and over time the depreciation rate becomes less noticeable on the car's diminishing value? I don't think it's actually that dumb of a move, but it would depend a lot on the vehicle and the market's affect on the depreciation rate. Which makes it even worse for the bank as their asset won't cover the principle on the loan that much faster.
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Feb 5, 2019 18:00
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Also if the borrowers car gets totaled 4 years after purchase you can bet they're not getting much from insurance and then have to roll the remaining half of their loan balance into their next loans balance, which basically turbo fucks them. Imagine making payments on a vehicle that you don't even have anymore for 4 years on top of a second car payment.
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Feb 5, 2019 19:27
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SpartanIvy posted:Imagine making payments on a vehicle that you don't even have anymore for 4 years on top of a second car payment. Wait 3 years and I'll tell you how it feels!
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Feb 5, 2019 19:28
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SpartanIvy posted:Also if the borrowers car gets totaled 4 years after purchase you can bet they're not getting much from insurance and then have to roll the remaining half of their loan balance into their next loans balance, which basically turbo fucks them. Imagine making payments on a vehicle that you don't even have anymore for 4 years on top of a second car payment. Don’t forget to buy GAP and roll that cost into the loan. The Financial institution I work for always has the loan officer extol the benefits of GAP and an extended warranty to the would be buyer.
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Feb 5, 2019 19:39
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https://www.vancouverisawesome.com/2019/02/05/parking-ticket-2million-lost-profits-lawsuit-vancouver/ More content from the geniuses in our Vancouver real estate industry. quote:Khalil, who is representing himself, claims he got a parking ticket from the City of Vancouver in June 2018. He claims he unsuccessfully disputed the ticket before an adjudicator at a hearing in September 2018.
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Feb 5, 2019 20:25
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Lmao I hope he loses
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Feb 5, 2019 20:33
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If the investors end up taking a loss on development of the property, would it be improper to send a thank you card to the collection agency that tanked his credit?
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Feb 5, 2019 20:34
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Sometimes, your credit score is exactly like a video game Game over
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Feb 5, 2019 20:51
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EAT FASTER!!!!!! posted:Yeah, I only listened to a couple of the episodes of Netflix v. Blockbuster/HBO. I've listened to plenty of true crime podcasts. Dr. Death was one of the few I wasn't able to stomach the descriptions of the crimes. Dirty John is really good, if you haven't heard the story already. quote:My Chevrolet Equinox is a financial nightmare. Help! Everyone is telling him that the most responsible choice is definitely NOT a German luxury car.
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Feb 5, 2019 23:01
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seems like another perfect case for a miata
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Feb 5, 2019 23:14
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As a Miata (ND) owner, can confirm. Is always the answer.
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Feb 5, 2019 23:18
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Taking your out-of-warranty vehicle to a dealership for service or repairs is definitely BWM.
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Feb 5, 2019 23:18
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Can someone tell me how the gently caress a timing chain stretches?
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Feb 5, 2019 23:23
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22 Eargesplitten posted:Can someone tell me how the gently caress a timing chain stretches? All metal fatigues, chains stretch over time.
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Feb 5, 2019 23:27
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ChickenOfTomorrow fucked around with this message at 03:04 on Apr 18, 2021 |
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Feb 5, 2019 23:31
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22 Eargesplitten posted:Can someone tell me how the gently caress a timing chain stretches? Poor lubrication mostly. It's not stretching so much as the joints in the links are getting hogged out. This was a major issue on many popular motors as a manufacturing defect (GM 2.2l comes to mind) because the oil galley was undersized. But it will happen on anything if you don't change your drat oil.
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Feb 5, 2019 23:32
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Yup. Timing chains typically have much longer service lives than belts, and the failure mode is sometimes stretching which tends to not catastrophically destroy your engine the way a timing belt can (if you have a collision head, which not all cars have). 120k miles seems like a really short amount of time, though. And a little googling suggests this vehicle does indeed have severe premature timing chain issues including chain guides, and the chain actually snapping and in some cases destroying the engine. What a piece of poo poo.
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Feb 5, 2019 23:34
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Leperflesh posted:And a little googling suggests this vehicle does indeed have severe premature timing chain issues including chain guides, and the chain actually snapping and in some cases destroying the engine. GM gonna GM.
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Feb 5, 2019 23:36
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The gist of it is, Equinox owners should religiously check their oil, and not just every 3000 miles, but like, every gas fillup. Because it will suddenly start consuming oil, without losing oil pressure so no idiot light, and after a few hundred miles of low oil the chain snaps and you need a new engine. This lady is actually lucky to only need the timing chain replaced. On top of that, though, is the KBB she reports of $4100-6500 trade-in value even if the thing worked perfectly. That is a pretty severely amount of depreciation for an 8 year old car with just 120k miles on it? But also don't just trade in your old car, because trade-in values can really suck. Buy your replacement car and then sell your old car private party.
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Feb 5, 2019 23:49
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JFC, and I thought the slow oil consumption on camrys was a PITA. At least with those the idiot light will come on eventually under acceleration/deceleration. Buying GM is BWM. Are any modern engines non-interference anymore? I figured that probably disappeared 20 years ago in the quest for better efficiency/power in a given displacement.
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Feb 5, 2019 23:52
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I think there are still a few around, but they're increasingly rare. My 2003 Mazda Protege5 has a non-interference engine, but that's probably not what you'd consider "modern" anymore.
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Feb 5, 2019 23:54
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Motronic posted:GM gonna GM. My first new car purchase was defined by owning so many 1990s GM products and saying “I didn’t go to college to own another lovely American car.”
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Feb 6, 2019 00:06
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ChickenOfTomorrow posted:same. the tiny trunk is gwm because a horse can't fit in it. It's BWM because now all my guns are either SBRs or takedown models
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Feb 6, 2019 00:11
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How do guns depreciate? I've heard that rednecks are kinda GWM because when they're flush they buy guns and guitars, which supposedly hold resale value better than other durable goods.
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Feb 6, 2019 00:24
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TVsVeryOwn posted:How do guns depreciate? I've heard that rednecks are kinda GWM because when they're flush they buy guns and guitars, which supposedly hold resale value better than other durable goods. Ehh some guns appreciate, most hold their value or lose slightly. It really depends on the model and location. An average joes Glock he bought 10 years ago and shot a few rounds through every year is gonna be worth about 10-20% less than a new one. Less if it’s been bubba’d. That high end over/under that you got for duck hunting is not gonna lose much if any at all. If it’s a relatively rare model or something that gets featured in a movie/tv series (I’m looking at you Python) then you could see serious appreciation. That Troy Landry special edition 10/22 is gonna be worth exactly jack poo poo in 10 years just like those commemorative limited edition silver coins you see advertised on late night infomercials.
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Feb 6, 2019 00:51
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AR15s are the Honda Civics of guns in many ways, though. Glue a $20 to your AR15 and its value goes up $10.
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Feb 6, 2019 00:53
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GoGoGadgetChris posted:AR15s are the Honda Civics of guns in many ways, though. Glue a $20 to your AR15 and its value goes up $10. Until Hillary 2.0 gets elected in 2020 and they get banned. Then they’re worth double 😑
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Feb 6, 2019 00:55
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Don't forget military surplus stuff. Mosins that you could buy for $45 at Big 5 15 years ago are going for $250 now.
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Feb 6, 2019 01:09
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ChickenOfTomorrow posted:same. the tiny trunk is gwm because a horse can't fit in it. Unless you're talking about heroin, in which case we have a reason to stop by TCC.
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Feb 6, 2019 01:35
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Leperflesh posted:The gist of it is, Equinox owners should religiously check their oil, and not just every 3000 miles, but like, every gas fillup. Because it will suddenly start consuming oil, without losing oil pressure so no idiot light, and after a few hundred miles of low oil the chain snaps and you need a new engine. This lady is actually lucky to only need the timing chain replaced. 100% chance that person did not maintain that car correctly
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Feb 6, 2019 04:01
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Guest2553 posted:Unless you're talking about heroin, in which case we have a reason to stop by TCC. Addictions are extremely BWM. Posters in the last iteration of the Kratom thread had spent tens of thousands of dollars on buying 10ml bottles of a special tincture from one vendor's website.
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Feb 6, 2019 04:06
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KYOON GRIFFEY JR posted:100% chance that person did not maintain that car correctly They definitely didn't, but it's a GM so it would be having issues either way.
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Feb 6, 2019 04:30
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My roommate doesn't even keep up on his oil changes on his '07 CTS, it's a complete garbage heap. Now he wants to put it in storage to fix up for his son (who is still a baby so at least he has a decade and a half to learn how to do any of it) and get a loan on a brand new Escalade. I'm trying to convince him it's a terrible idea. He's generally not terrible with money, he's just got some leftover status symbol garbage stuck in his head from a poor upbringing. For some reason he has a lot of respect for me, so I'm hoping to snap him out of it.
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Feb 6, 2019 04:35
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https://mobile.twitter.com/TweetsofOld/status/1092870335081385986
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Feb 6, 2019 06:39
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$2.50 for horse detailing comes out to about $72 today according to Google. Honestly I expected worse.
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Feb 6, 2019 12:21
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i really don't get how people fail to keep up on oil changes which are a) predictable b) inexpensive and c) prevent catastrophic failures of extremely expensive parts of your car
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Feb 6, 2019 12:50
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