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boop the snoot posted:It’s gonna be awesome when the housing market tanks and banks buy everything for pennies on the dollar! Indications I'm seeing are that there won't be a 2009 repeat. The 0 down, interest only loans aren't available, lending standards are pretty decent and people are putting a large amount of cash down. I think there's also a good chunk of institutional money going in aside from private citizens. Theres a large amount of liquidity looking for a return and real estate is red hot. My current wonder is if the private buyers are pulling together every cent to get something RIGHT NOW cause if they don't, it will be out of reach tomorrow. If that's the case, if/when prices hit the ceiling where wages can't stretch to continue price increases I think they will just be stuck in their home for a long period.
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Jul 14, 2021 23:04
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boop the snoot posted:It’s gonna be awesome when the housing market tanks and banks buy everything for pennies on the dollar! It's not going to tank, because we learned our lesson: don't let the poors take out loans to buy houses, let investment firms take out loans to rent them. This way the only alternative is homelessness
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Jul 14, 2021 23:07
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I saw a thing about some art project that is a box on stilts with a crank on it. It is a machine that allows anyone at all to work for minimum wage by standing there and turning the crank. Standing there, turning a crank, the machine dispenses to the operator one (1) penny every 4.97 seconds. (In NY(?) minimum wage is 7.25/hr) Someone interacting with the machine would hopefully think: hah! free money -> god this is mindless work -> sheesh this pathetic trickle of pennies sucks -> millions have to do this all day every day, what the gently caress
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Jul 14, 2021 23:10
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That machine is just going to be included in an article listing 'SIDE HUSTLES YOU CAN DO NOW!'
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Jul 14, 2021 23:13
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https://twitter.com/PeterHotez/status/1415388284776239111?s=20 This thread is a good list of citations for when people say "Covid doesn't affect kids" etc. It probably won't help for the people making this argument but hey, citations needed and all.
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Jul 14, 2021 23:23
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lightpole posted:Indications I'm seeing are that there won't be a 2009 repeat. The 0 down, interest only loans aren't available, lending standards are pretty decent and people are putting a large amount of cash down. I think there's also a good chunk of institutional money going in aside from private citizens. Theres a large amount of liquidity looking for a return and real estate is red hot. I wish we'd get a Bad Blood style book about what was going on at Washington Mutual in the final years. quote:"Someone in Florida had made a second-mortgage loan to O.J. Simpson, and I just about blew my top, because there was this huge judgment against him from his wife's parents," she recalled. Simpson had been acquitted of killing his wife Nicole and her friend but was later found liable for their deaths in a civil lawsuit; that judgment took precedence over other debts, such as if Simpson defaulted on his WaMu loan. https://special.seattletimes.com/o/html/businesstechnology/2010131911_wamu25.html
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Jul 14, 2021 23:30
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That Works posted:It probably won't help for the people making this argument It won't and it's not like these fucks give a poo poo about kids anyway
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Jul 15, 2021 00:38
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Yeah the next blowup will probably be in tech or something that hasn’t blown up before. The whole reason bubbles happen are because almost no one sees it coming and doesn’t want to see it coming
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Jul 15, 2021 01:05
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I haven't been able to piece the mechanism together but I've been sure for years that it's gonna have to do with passive index funds becoming vulnerable to manipulation of the underlying index memberships as they become an ever larger slice of the overall market. Tesla breaking into the S&P 500 was a warning shot.
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Jul 15, 2021 01:27
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oh poo poo that's it it's gonna be real players doing a Gamestop, huge private capital funds taking a page from the WSB playbook and trading the same poo poo companies back and forth with themselves until the market cap is so high fidelity and vanguard HAVE to buy it from them with our retirement funds
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Jul 15, 2021 01:32
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lightpole posted:Indications I'm seeing are that there won't be a 2009 repeat. The 0 down, interest only loans aren't available, lending standards are pretty decent and people are putting a large amount of cash down. I think there's also a good chunk of institutional money going in aside from private citizens. Theres a large amount of liquidity looking for a return and real estate is red hot. I know several people who are holding out because "this will eventually correct itself." In just over 2 years, my house's zillow value is up 30%. I'd normally take that with a huge grain of salt, but it's probably about right. Milo and POTUS posted:It won't and it's not like these fucks give a poo poo about kids anyway Heard a great statement a few days ago...something like "If you believed Hillary was running a child sex ring out of a pizza parlor, even if I convince you that wasn't true you're still not a person who'd vote for her." Godholio fucked around with this message at 01:53 on Jul 15, 2021 |
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Jul 15, 2021 01:48
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SMEGMA_MAIL posted:Yeah the next blowup will probably be in tech or something that hasn’t blown up before. The whole reason bubbles happen are because almost no one sees it coming and doesn’t want to see it coming I was talking to a fed banker a month ago and she was saying they are looking at unicorn investing. People see bubbles coming but there's nothing they can do about it. Shorts are seen as profiting off others misfortune and requires perfect timing to catch a correction. There were plenty of people that saw '09, they were just too early, too late, cashed out too soon, too late, etc. There isn't much incentive to miss out on the upswing since the pressure is on you to justify forgoing the large profits everyone else is making in favor of something else. The people Michael Lewis wrote about had to endure extreme amounts of pressure and still had to close up and lost out in the end despite making clients a lot of money. Godholio posted:I know several people who are holding out because "this will eventually correct itself." I think they just turn into zombie real estate holders and lock up a huge chunk of real estate for a long period. Private holders won't be able to sell out or up since they will have put 300k+ (in the bay area) down. They won't be underwater on the loan but they will have locked their retirement in. Institutions will be in the same predicament but they won't need to sell, just hold and collect rents since they probably just want a stable return anyways. lightpole fucked around with this message at 02:08 on Jul 15, 2021 |
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Jul 15, 2021 02:04
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https://twitter.com/harrysiegel/status/1415434249373634572?s=20
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Jul 15, 2021 02:16
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US Berder Patrol posted:The Afghanistan war provides plenty of tragedy and shame to go around, but the idea of the US military shredding musical instruments to keep them out of the hands of the poorest people I've ever seen is giving me some pretty heavy sadbrains Realistically, the Taliban would've just destroyed them anyway. Edit: would've been nice if we gave em to the people of Kabul to enjoy for a while, though. Bored As Fuck fucked around with this message at 03:11 on Jul 15, 2021 |
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Jul 15, 2021 03:05
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goatsestretchgoals posted:I used to walk ~10 blocks to work in downtown Portland and I was at far more risk of injury from some spandexer running a stop sign than the cars. (Granted the injury would be much worse from a car but still.) Similarly, I am far more at risk from tripping on something on any given day than from being robbed, run over, shot, or assaulted. Granted, the injury would be much worse from a violent crime but still.
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Jul 15, 2021 05:04
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Oh boy, Florida is definitely not gonna make it in the next 10 years https://twitter.com/TeleEnvironment/status/1415403884776939531
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Jul 15, 2021 05:55
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Eej posted:Oh boy, Florida is definitely not gonna make it in the next 10 years 
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Jul 15, 2021 05:56
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I hope it lands on it
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Jul 15, 2021 05:56
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Milo and POTUS posted:I hope it lands on it 
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Jul 15, 2021 05:58
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Eej posted:Oh boy, Florida is definitely not gonna make it in the next 10 years We're SO loving hosed
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Jul 15, 2021 06:20
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Godholio posted:Heard a great statement a few days ago...something like "If you believed Hillary was running a child sex ring out of a pizza parlor, even if I convince you that wasn't true you're still not a person who'd vote for her." Problem is they can't consider this. They generally lack the fundamental empathy to consider the point of view of a human, like themselves in every way, but with one condition changed. They are unable to reason past the argument that Hillary might not have been running a child sex ring.
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Jul 15, 2021 06:26
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https://www.youtube.com/watch?v=wILFddYxKOM
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Jul 15, 2021 08:14
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Eej posted:Oh boy, Florida is definitely not gonna make it in the next 10 years The wobble, that we've known about for almost 300 years, slightly increases tides over a nine year period, and sightly decreases them over the next nine years. It's just that there are some new calculations that factor in that data, new tide level data and climate change data. So statistically worse tides, but not apocalypticly worse tides.
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Jul 15, 2021 08:31
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https://twitter.com/TeleEnvironment/status/1415403888056971267?s=19 I agree month long floods aren't apocalyptic.
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Jul 15, 2021 08:46
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Here's the specific NASA statement since a lot of the articles don't actually link it. https://www.nasa.gov/feature/jpl/study-projects-a-surge-in-coastal-flooding-starting-in-2030s
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Jul 15, 2021 08:48
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Mellow greetings. What seems to be your wobble?
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Jul 15, 2021 11:14
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mlmp08 posted:Mellow greetings. What seems to be your wobble? Boggle*
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Jul 15, 2021 11:22
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I am aware that in the movie, Earth’s Moon was not inside the museum looking at weapons.
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Jul 15, 2021 11:25
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mlmp08 posted:I am aware that in the movie, Earth’s Moon was not inside the museum looking at weapons. Oh. Oops
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Jul 15, 2021 11:28
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mlmp08 posted:Mellow greetings. What seems to be your wobble? wobble wobble g
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Jul 15, 2021 11:41
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TheWeedNumber posted:wobble wobble g
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Jul 15, 2021 12:22
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Wasabi the J posted:https://twitter.com/TeleEnvironment/status/1415403888056971267?s=19 It’s a uk paper and british science reporting is an abyss
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Jul 15, 2021 12:42
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joat mon posted:The wobble, that we've known about for almost 300 years, slightly increases tides over a nine year period, and sightly decreases them over the next nine years. It's just that there are some new calculations that factor in that data, new tide level data and climate change data. The relevant lines: quote:Why will cities on such widely separated coastlines begin to experience these higher rates of flooding at almost the same time? The main reason is a regular wobble in the Moon’s orbit that takes 18.6 years to complete. There’s nothing new or dangerous about the wobble; it was first reported in 1728. What’s new is how one of the wobble’s effects on the Moon’s gravitational pull – the main cause of Earth’s tides – will combine with rising sea levels resulting from the planet’s warming. hypnophant posted:It’s a uk paper and british science reporting is an abyss
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Jul 15, 2021 13:04
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All these lame post about wobble but none of this? https://www.youtube.com/watch?v=zi4f8TJoD_0
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Jul 15, 2021 13:08
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I’ve never heard that wobble song. This is the only one I know. https://www.youtube.com/watch?v=3lCJWB8JYbI
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Jul 15, 2021 13:26
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Maybe the South Dakota National Guard was just ahead of the curve. Or they get the Tennessee junkyard mogul's money and do nothing but say, "yeah thanks, but sorry Governor, we can afford to send only three people as observers." https://twitter.com/StevenBeynon/status/1415425257943572482
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Jul 15, 2021 13:30
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Lake of Methane posted:Maybe the South Dakota National Guard was just ahead of the curve. Or they get [quotethe Tennessee junkyard mogul's money and do nothing but say, "yeah thanks, but sorry Governor, we can afford to send only three people as observers." quote:The House passed a bill to reimburse the National Guard and bolster Capitol security in May. The Senate is still crafting its own bil, but it is unclear how long it will take to pass its legislation once finished. ...and all the comments are blaming Biden and the Democrats. I hate conservatives.
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Jul 15, 2021 13:47
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US Berder Patrol posted:The Afghanistan war provides plenty of tragedy and shame to go around, but the idea of the US military shredding musical instruments to keep them out of the hands of the poorest people I've ever seen is giving me some pretty heavy sadbrains Tbf people are responding to this as if they're crunching tubas but the post lists things like amps, guitars, and mixers. That sounds like the issue was electronic components, which we always destroyed because if we didn't we'd find them in the IEDs we drove over.
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Jul 15, 2021 13:47
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Y'all wanna read some of the most racist poo poo I've seen in a while courtesy of one of the members of the Lincoln project? The second tweet in this thread alone, woof. https://twitter.com/SteveSchmidtSES/status/1415429331468365829
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Jul 15, 2021 14:28
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boop the snoot posted:All these lame post about wobble but none of this? I was waiting for this.
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Jul 15, 2021 14:34
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