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I thought rent burdened was over 30% of gross, not net? Am I wrong, did it change, or what? In that case almost everyone around here doing unskilled work is rent burdened. I make a lot of money for someone my age and I couldn’t even afford an average 1-bedroom apartment in my less expensive town with my salary from a really expensive area. My friends that are in unskilled professions could maybe get a room in the cardboard box fort that crackheads live in behind their apartment complex.
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Mar 2, 2018 00:21
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GoGoGadgetChris posted:It's crazy what pre-2007 lenders considered reasonable. Originators, not lenders. That paper was sold the day after closing. HOT POTATO!
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Mar 2, 2018 00:28
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22 Eargesplitten posted:I thought rent burdened was over 30% of gross, not net? Am I wrong, did it change, or what? In that case almost everyone around here doing unskilled work is rent burdened. I make a lot of money for someone my age and I couldn’t even afford an average 1-bedroom apartment in my less expensive town with my salary from a really expensive area. My friends that are in unskilled professions could maybe get a room in the cardboard box fort that crackheads live in behind their apartment complex. It has to be for gross.
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Mar 2, 2018 00:29
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Lost employment, cryptocurrency dropped, and then arrested so I have lawyer fees...Could use some advice https://www.reddit.com/r/personalfinance/comments/81a76n/lost_employment_cryptocurrency_dropped_and_then/ quote:Without too much detail...
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Mar 2, 2018 01:26
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Should I sell my cryptocurrency at a huge loss or wait for it to eventually go back up? Gold, worth the read. If he is certain it will triple he should max his credit card and buy more.
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Mar 2, 2018 01:47
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Guest2553 posted:Forgot to source, but it's from like 60 minutes ago. It's crazy what pre-2019 buyers thought was reasonable.
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Mar 2, 2018 02:03
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Devian666 posted:It's crazy what pre-2019 buyers thought was reasonable. 
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Mar 2, 2018 02:26
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How can we make this the new thread title?
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Mar 2, 2018 03:17
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Real estate, bitcoin, truck equity, horseboat wealth expo.
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Mar 2, 2018 03:31
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Volmarias posted:How much would it cost to send every horse to college forever? Yeah, it’s going to take a while for Freckles to clop out that answer with his hoof.
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Mar 2, 2018 03:39
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"incredible income potential"
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Mar 2, 2018 04:06
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Youth Decay posted:"incredible income potential" I love that it is just a deposit receipt for $425. I'm sure she got a check and deposited it, but really who the hell sees that and thinks "wow!" unless they were already unemployed and never get to see deposits. The sadness just compounds though when more than likely the costs associated with getting that $425 exceed it. Somehow this is even more sad than people posting those pre-paid debit card things.
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Mar 2, 2018 04:19
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When your business model is so suspect that you post “I received money in exchange for my labor” posts to prove your haters wrong.
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Mar 2, 2018 04:37
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Blinkman987 posted:When your business model is so suspect that you post “I received money in exchange for my labor” posts to prove your haters wrong. So normally people post pictures of cheques received and not pictures of what could possibly be a deposit slip.
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Mar 2, 2018 04:44
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Blinkman987 posted:When your business model is so suspect that you post “I received money in exchange for my labor” posts to prove your haters wrong. This made me laugh more than it should have. These people seem to have no concept of opportunity costs.
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Mar 2, 2018 04:48
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I could pay my rent if my parents didn't have to pay it for me! (this month) *posts a slip showing a deposit of $425 dollars, because she lives in a hole
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Mar 2, 2018 04:49
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Holy  
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Mar 2, 2018 04:54
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Holy fuckballs, that's peak america right there.
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Mar 2, 2018 05:07
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Guest2553 posted:Holy fuckballs, that's peak america right there. I kind of want this as the new title
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Mar 2, 2018 05:09
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Bad with money: cleaning my guns with essential oils
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Mar 2, 2018 05:16
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cowofwar posted:Bad with money: cleaning my guns with essential oils This. And then start moving the thread around the forums please.
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Mar 2, 2018 05:21
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Cocoa Crispies posted:where $40B was like 5%: Which is why the comparison didn't make sense to me.
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Mar 2, 2018 05:34
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Dustoph posted:This. That's a punishment, not a reward
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Mar 2, 2018 05:46
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I clean my guns this way when I'm rubbing himalayan salt into my dick eye.
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Mar 2, 2018 05:50
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I started tracking the thread title changes in the OP. When I get around to it I'll make it look a little better.
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Mar 2, 2018 05:52
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https://www.theguardian.com/technology/2018/mar/01/uber-lyft-driver-wages-median-reportquote:Uber and Lyft drivers in the US make a median profit of $3.37 per hour before taxes. quote:Drivers earn a median of 59 cents per mile while incurring a median cost of 30 cents per mile, the report said, adding that for nearly a third of drivers, the costs are ultimately higher than the revenue. The paper reported the average driver profit to be $661 per month. AreWeDrunkYet fucked around with this message at 06:14 on Mar 2, 2018 |
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Mar 2, 2018 06:11
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AreWeDrunkYet posted:https://www.theguardian.com/technology/2018/mar/01/uber-lyft-driver-wages-median-report back of the envelope-- at a profit of 29 cents per mile they only travel 12 miles each hour? i guess that's realistic, actually. wow, uber is...bad?
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Mar 2, 2018 07:01
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Moneyball posted:I started tracking the thread title changes in the OP. When I get around to it I'll make it look a little better. Thank you for your effort.
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Mar 2, 2018 08:08
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Spokes posted:back of the envelope-- at a profit of 29 cents per mile they only travel 12 miles each hour? At best it's a labor intensive way to convert the equity in your car into cash.
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Mar 2, 2018 13:11
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cowofwar posted:Bad with money: cleaning my guns with essential oils It's beautiful, it has so many layers. I'm very curious to see what happens if Uber finally blows through all their VC cash and no one is willing to pony up more. The entire "gig driving" market could be blown up overnight.
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Mar 2, 2018 13:41
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Spokes posted:back of the envelope-- at a profit of 29 cents per mile they only travel 12 miles each hour? Part of Uber's business model is aggressively signing up drivers and using algorithms to clutter them all together to minimize wait times. Uber drivers do a lot of waiting around, but so do all drivers for hire because just like in any business with virtually zero barrier or time cost to entry supply will quickly rise to meet or exceed demand.
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Mar 2, 2018 14:02
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AreWeDrunkYet posted:At best it's a labor intensive way to convert the equity in your car into cash. Correct, keep in mind that a lot of the true costs of operating an Uber vehicle are not realized immediately, including vehicle depreciation and maintenance expenses, which are frequently deferred.
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Mar 2, 2018 14:12
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Bird in a Blender posted:It's beautiful, it has so many layers. Or prices just go up? Less people will be able to afford it and a bunch of drivers will need to find something else to do, but fundamentally an application based car service with "contractor" drivers at arms length is probably here to stay. See what happened in Austin when Uber/Lyft left.
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Mar 2, 2018 14:14
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Bird in a Blender posted:It's beautiful, it has so many layers. The sign of uber blowing through all of their venture capital cash with nobody willing to pony up more will be them announcing their IPO and also your fares will go up about 30%
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Mar 2, 2018 14:18
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Can we share other threads in here, because some dude in the homeownership thread is about to buy a horse.
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Mar 2, 2018 14:19
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Lysandus posted:Can we share other threads in here, because some dude in the homeownership thread is about to buy a horse. He had no idea what he was walking in to when he posted the word 'Horse' in BFC.
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Mar 2, 2018 14:19
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No he is buying a house for his horse, or in effect, his wives horse that she already owns everything the horse will ever needs so it won't cost anything extra. But you can read it yourself.
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Mar 2, 2018 14:27
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BEHOLD: MY CAPE posted:Part of Uber's business model is aggressively signing up drivers and using algorithms to clutter them all together to minimize wait times. Uber drivers do a lot of waiting around, but so do all drivers for hire because just like in any business with virtually zero barrier or time cost to entry supply will quickly rise to meet or exceed demand. Yes but in a regular cab company you get to wait around at the shop drinking coffee, shooting the poo poo and making fun of your boss, rather than isolating you.
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Mar 2, 2018 14:39
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BEHOLD: MY CAPE posted:The sign of uber blowing through all of their venture capital cash with nobody willing to pony up more will be them announcing their IPO and also your fares will go up about 30% Yea, but an IPO takes a lot of time, so I guess Uber would need to plan way ahead for something like that. If they completely ran out of operating cash, they would not be able to sustain the business. One of Uber's big things is being cheaper than taxis too. A 30% increase would probably make them more expensive than a taxi most of the time. They still have a convenience factor going for them, but I think a lot of people would significantly cut back on usage with that sort of price increase.
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Mar 2, 2018 14:58
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AreWeDrunkYet posted:Or prices just go up? Less people will be able to afford it and a bunch of drivers will need to find something else to do, but fundamentally an application based car service with "contractor" drivers at arms length is probably here to stay. For those of us not in Austin or dutifully following ride sharing news, what happened in Austin? Bird in a Blender posted:Yea, but an IPO takes a lot of time, so I guess Uber would need to plan way ahead for something like that. If they completely ran out of operating cash, they would not be able to sustain the business. One of Uber's big things is being cheaper than taxis too. A 30% increase would probably make them more expensive than a taxi most of the time. They still have a convenience factor going for them, but I think a lot of people would significantly cut back on usage with that sort of price increase. Lyft is already more expensive than a taxi in my area, but it's benefit is seeing where the drivers are related to you and knowing whether or not you can catch a connection in time. With the taxi, it's very much a guess as to when "five minutes" actually means. The taxi companies really need to consolidate and over their own working version that can still use dispatchers etc, I would have zero reason to use ride share companies.
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Mar 2, 2018 15:17
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