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Leasing animals is the single most stupid thing I've heard of. This seems to be terrible. Lease a horse and be responsible for everything. http://www.equusite.com/articles/basics/basicsLeasing.shtml quote:In the full lease situation, the lessee usually pays for all of the horse's boarding costs in addition to routine farrier and veterinary care in return for being able to use the horse whenever you'd like. However I've found a much better lease deal which is probably more like rent in the US. https://www.horsetrekking.co.nz/leasing quote:Leasing instead of owning a horse is a very affordable option.
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May 2, 2017 23:56
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potatoducks posted:I've heard people being excited about AMD stock but I have no idea why. Aren't they still just making 2nd tier processors? Why is that so exciting? People expect they will break through some day and become #1. The fact is their design process is highly automated compared to Intel hand crafting and optimising their designs. It keeps their design cost down but they are mostly lagging Intel because of that. AMDs stock price has taken regular beatings for years mostly due to high debt levels. So nothing about AMD is exciting but, uh, video game nerds.
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May 3, 2017 00:36
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AA is for Quitters posted:The ryzen processor, which set a world record benchmark. It's supposed to compete with the i7 in a way the a12 or fx never could Yet the only news I've read about it is that they are loving around motherboard manufacturers to the point where they spoke out about how difficult AMD are to deal with. The shortage of motherboards is AMD's fault, CPUs are useless without mobos.
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May 3, 2017 00:49
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therobit posted:Wow. That is a fantastic pension plan, and I would consider changing jobs just to get that. What a hilariously bad with money decision. That woman is a retard. She could have looked at it as working for 60 more days for $270k + full pay. Maybe $5k per day of work. Seems like a good reason to stay on for two months.
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May 3, 2017 03:58
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FrozenVent posted:Yeah but she needed cash now. It's likely her payday loan was going to charge more than $262k in interest in two months. She shouldn't have borrowed that $100.
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May 3, 2017 04:06
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Need energy healing for your horse? Look at these fantastic rates for distance energy healing. http://animalhealings.com/reiki-rates.html quote:We also offer Double Reiki (2X) provided by both Reiki Master Healers, Thom and Jonquil Williams, See more info on our Double Reiki info page.
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May 3, 2017 06:21
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Henrik Zetterberg posted:I think we all know the same guy, except my guy is the bitcoin guy. Like your guy, he's been all over AMD's nuts for the past year. I lol'ed at him yesterday for AMD's tumble, and this was his response: Well at least I hope the guy you are talking about is still young. I can understand people doing that when they're young, except for the overpriced truck that will no doubt involve a large high interest loan. overdesigned posted:Poor guy. He's for sure not the only one who's made this mistake, though. I've tried to talk to a friend of mine who is only 23 to put his retirement savings in something better than a 4% cash fund. At least the interest rate is ok and he's doing alright having over $6k at 23 but should be doing better. Hopefully you can talk a few people into better investments. Devian666 fucked around with this message at 23:23 on May 3, 2017 |
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May 3, 2017 23:17
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I don't give a poo poo about food chat so here's some BWM. Parents lend daughter $368,000. Daughter makes excuses about how she's isn't working so cannot repay them. Of course she owns two very expensive houses and drives a merc so she's living in poverty. http://www.nzherald.co.nz/personal-finance/news/article.cfm?c_id=12&objectid=11852648 quote:Trevor and Marian Warin refused to back down after their daughter repeatedly refused to pay back loans totalling $368,000.
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May 11, 2017 00:11
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ate all the Oreos posted:Yeah he left explicit designs and instructions for the cannon he wanted to be launched out of, dictating its design (a hand gripping a peyote button, the extended middle finger was the cannon barrel) and exactly how it should fire, but he didn't have the money to actually do it when he died so Johnny Depp, being a long-time friend, did it for him I think that was the best use of $5m in history. It was GWM. All the other poo poo Depp has been doing is crazy BWM, including hiring his dodgy lawyer/account/dickheads.
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May 11, 2017 23:39
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crimedog posted:"He has also accused them of being arrogant and ungenerous of spirit." Too bad there doesn't seem to be any details on how all that money was blown. I bet it mostly went on partying. Or it could be like the Deputy Commissioner of the ATO's son. There was only $1m AUD in cash in a safe deposit box, nothing suspicious there. http://www.smh.com.au/national/ato-deputy-commissioner-michael-cranston-to-be-charged-over-tax-fraud-20170517-gw7gf2.html quote:Among the items seized under proceeds of crime were 25 motor vehicles, including luxury cars and racing cars, 12 motorbikes, 18 residential properties, two aircraft, $1 million from a safe deposit box, firearms, jewellery, bottles of Grange wine and artworks.
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May 19, 2017 00:40
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Canada and Australia is BWM. Gotta keep borrowing money to keep up with a Jones. New Zealand has been left out, things are looking shaky here and not because of the earthquakes.quote:His latest book, Can We Avoid Another Financial Crisis? argues Australia, along with Belgium, China, Canada and South Korea, is a "zombie" economy sleepwalking into a crunch that could come between 2017 and 2020. http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11859031 http://www.economist.com/news/ameri...r=dailydispatch
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May 19, 2017 01:45
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Sic Semper Goon posted:*Newspapers and economists will squawk and predict that the sky will fall at any second.* *average garden shed on 4 square meters of land heads towards $3.5m in Auckland* ate all the Oreos posted:Man we are going to have such a bad global recession when all the different exponential growths collapse at once under their own weight it's gonna make 2008 look quaint by comparison The Fed appears to have stopped the latest round of quantitative easing. Now they are signalling that they are going to start selling off the shares and bonds on their balance sheet. All the traders borrowing money will have to source it all in Yen or Euros soon. My biggest concern is that there will be a cascade of bubbles collapsing. It could be quite bad if everything fails within a few months. Devian666 fucked around with this message at 03:09 on May 19, 2017 |
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May 19, 2017 03:01
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He compares himself to Cortes. Maybe that would be a valid comparison if he had an army and was facing natives armed with sharpened mangoes to plunder their silver and gold. Of course it is just a long winded self justification for failing every single paper.
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May 22, 2017 06:15
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Of course they like horses but they really like consumerism.quote:His co-workers continued to borrow money, to buy road bikes, granite countertops, and enormous TVs. I keep seeing this in P2P lending. People have a house, they decide to borrow $40k to do work on their house and buy more stuff for the new space. That's a pretty typical comment in the loan market all for a low interest rate of 13%-15% over 5 years. Including people saying they deserve a holiday, or they need to take the kids on a holiday for $25k with 5 year repayments. The gently caress kind of holiday are they going on for that sort of money when they need to borrow? This is a debt consolidation comment. quote:This loan will allow us to pay off some debt and have a lower repayment amount and interest than we are currently paying and also allow us to install a fire place for the winter. Yeah for debt consolidation let's get that interest rate to 13.25% and borrow more to install a fire place. Amount required: $58k.
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May 29, 2017 01:01
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Blinkman987 posted:Whenever someone in my life mentions MMM, this is the article I link them. How do you want to spend your retirement? Riding around on my bike with a trailer attached and an oven on it. FREEDOM! Tiny Brontosaurus posted:Frugality can become an obsession like anything else and it has the unfortunate side effect of turning people into assholes. I've had a lot of fun nights out ruined by friends circling the block waiting for a free spot to open up instead of just paying a few bucks for parking and getting on with enjoying life. Money is a tool for obtaining security and pleasure, and after a certain point saving becomes hoarding. I have a family member who is still being frugal at 88. I've encouraged him to liquidate some assets and enjoy the money. When you are uncertain of how many years you have left why not enjoy them rather than just having a hoard of millions in assets? Devian666 fucked around with this message at 02:41 on May 29, 2017 |
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May 29, 2017 02:35
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Krispy Kareem posted:At that point they stop saving for a comfortable retirement and start saving for their heirs. So essentially they're serial-savers and nothing you can say will change them. I've been working on him for a few years. He wants to buy a new RV, he was already thinking of selling one of his many houses to pay off a mortgage for his son. There's plenty left over for his kids. He brought up the topic and I gave him an ok because there's lots of benefits with no downside (except his heirs might be down 3-4% at some later date).
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May 29, 2017 03:19
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Interview with a guy who spent $125k NZD in 10 months on a lovely freemium app. http://www.therock.net.nz/home/shows/the-morning-rumble/2017/05/this-dude-spent--125k-on-a-lovely-gaming-app.html
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May 31, 2017 08:36
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BEHOLD: MY CAPE posted:Lol "here's my budget, minus the $2500+ a month that we spend outside of the budget. Where's all my money going???" "Some combination of gifts, kids activities, clothes" combined with $2500/month on food, I am willing to bet there is a big stay at home shopping problem that hasn't been revealed yet I'm always amused by the reddit comments that go off on a tangent. Someone was saying his mortgage is a bit high at 30% of his income and that it shouldn't be more than 28%. I don't think you're going to cope well with a smaller house and such a sizable family, especially when the mortgage is reasonable. Someone also went off about the car payment. They only spend 5 times as much on food as the car payment so clearly the car payment must be the problem. DarkHorse posted:I got accepted to MIT but they didn't immediately offer me any scholarships, so I decided to go to a state university for my engineering degree. I eventually graduated with more money than I started with. GWM, BWL? GWM and GWL. While going to MIT would be great engineering is all about being able to do engineering design. Prestige doesn't mean anything in this context. Devian666 fucked around with this message at 23:31 on Jun 1, 2017 |
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Jun 1, 2017 23:28
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Content saves the thread not derail bird.quote:New data from credit information website CreditSimple.co.nz showed North Shore homeowners under 55 had an average debt of $542,600: the highest debt in the country. North Shore is a suburb of Auckland, NZ. Both the North Shore and Manukau were very popular locations for local and foreign buyers. Now you can't sell a property there if you try the NZ housing bubble is starting to collapse. So far the small number of mortgagee sales are all properties that were purchased 10-15 years ago. Now the article above seems to be confirming that it's probably the 55+ age group that tend to lose their jobs before they reach retirement age. How the gently caress they plan to pay off $382k of mortgage in 10 years I'm not sure either. Sentiment has changed on a local financial site and people are actually asking me about an OBR event where bank accounts would take a hair cut. NZ has no deposit insurance and most of the population isn't aware of the change. Something I haven't revealed locally is that pretty much all engineering companies have next to no work going on in Auckland so the construction market is going to collapse there. Most likely it will be hit worse than the rest of the country. e: Some may ask how I know the housing bubble is starting to collapse? It's when you add the search term desperate and you get about 10-11 property owners that really are desperate to sell. http://www.trademe.co.nz/browse/cat...tpath=350-5748- Devian666 fucked around with this message at 07:08 on Jun 2, 2017 |
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Jun 2, 2017 06:59
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I would have replied ealier but 3 days weekends are great.monster on a stick posted:No deposit insurance? I guess that's one way to deal with moral hazard but There is nothing. Nothing public or private. The banks will just have to convert deposits to bank capital. The Government has made noises saying that this leaves them with options and they will decide how they should act (which means they won't if it's really bad). EAT FASTER!!!!!! posted:Jesus I had no idea NZ was drowning under that much real estate debt. Did they not have a correction 8 years ago along with the rest of the world? Hahaha, correction? That was a speed bump with some deleveraging of risky assets. The big hit was with a large number of failed finance companies. Some had risky derrivatives, some probably held MBS and the remaining three were ponzi schemes. https://en.wikipedia.org/wiki/Finance_company_collapses,_2006-12_(New_Zealand) We never had a bank event and now we have the most household debt relative to income ever. This graph from the RBNZ shows the comical speedbump prior to going headlong into disaster. http://www.rbnz.govt.nz/statistics/key-graphs/key-graph-household-debt Right now a lot of people are in denial. Auckland house sales volumes have dropped, next will be a price correction and then most likely panic selling. Get your popcorn out. Devian666 fucked around with this message at 03:15 on Jun 6, 2017 |
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Jun 6, 2017 03:12
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Do you mean public or is there some kind of private deposit insurance that's going to go nuclear when things finally blow?
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SquirrelFace posted:I think it's also a big reason why American workers don't fight for better wages/better benefits/more time off. Most people identify with the business owner/company president because they all think, "one day that'll be me!" There's an episode of DS9 that acknowledges that. People identify with being Ferengi.
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Jun 6, 2017 04:11
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BEHOLD: MY CAPE posted:Someone left a MLM brochure for a company called "Norwex" on the breakroom table at work. They apparently sell laundry detergent for $25 a lb, multipurpose household cleaner for $30 a bottle, and microfiber cloths for $30 each. MLMs don't really embrace the competition part of capitalism do they? The only reason for the products to be involved is to sidestep being a pyramid scheme. Talking about pyramid schemes the Herbalife documentary on Netflix is pretty interesting it has everything; people being BWM, hedge fund managers with short positions and stock price manipulation, and slow moving Federal agencies that don't take any action when there's obvious criminal activity.
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Jun 21, 2017 00:23
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I'm amused to see that ETH is highly levereaged and the margin accounts rules kick in instantly. Is anyone blaming the crappy exchange yet?
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Jun 22, 2017 01:53
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I've posted about both of these cases and they're at an end in the court system.quote:The daughter who borrowed $367,000 from her parents, then didn't pay the money back, has had another $14,000 for legal costs added to the bill. That's right borrow your parents retirement money so they they can't enjoy it and don't bother getting a job to pay them back like a completely worthless daughter. http://www.stuff.co.nz/business/94016697/daughters-debt-to-lenderparents-has-14000-costs-added-to-367000 quote:Tessa Fiona Grant lived a life of luxury. She spent more than 10 years gross salary of the casino's money on her horse training property. Clearly that $2m was well spent on what appears to be a loss making venture. http://www.stuff.co.nz/national/crime/94018027/skycity-fraudster-tessa-grant-pleads-guilty-in-the-hamilton-district-court 22 Eargesplitten posted:Like, 15kwh to transfer funds? What the gently caress? Or is that just to mine one? No that's per transaction. There's about 275,000 transactions per day. So that's about 4.1 GW.h per day. Pretty loving efficient for bitcoin. Devian666 fucked around with this message at 05:44 on Jun 23, 2017 |
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Jun 23, 2017 05:37
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Looks like I missed the mushroom discussion. This isn't so much BWM but more like bad money. If you ever need to identify the correct type of blue mushrooms you just check them against the ones on the back of the $50 note in New Zealand.
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Jul 19, 2017 01:43
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There have been a few local companies going into liquidation as they don't seem cut out for a competitive market. Now I've found a company going broke that is really ususual.quote:customers owed almost $200,000 from a failed debt collection agency will not see a cent because of the company's "extremely poor" book keeping, a court has heard. https://www.stuff.co.nz/business/95043906/high-court-allows-liquidator-to-recover-fees-from-failed-debt-collectors-trust-account How a debt collection agency manages to go broke I have no idea.
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Jul 25, 2017 01:18
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monster on a stick posted:Oh, you mean this plan: The arrest policy is interesting. Anyone could be arrested for not making their payments. However right now they only selectively arrest those who could have been making payments. If they arrested someone working minimum wage in Australia, and IRD have neglected to follow through on a promised write off it could end up in a media disaster. I have friends who won't be arrested as it would demonstrate the policy is unfair. This goes doubly right now in the run up to the election. That said some people have been dicks and decided not to pay when they've been receiving good pay overseas.
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Jul 28, 2017 03:09
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(I mean, it's much better than the US, but it sounds like they had the same effect of seeing tuition go up as loans became easy to get, just like the US.)
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BEHOLD: MY CAPE posted:The junior analyst/VP career climb is stressful soul sucking work, it's very reasonable to want out of it as soon as financially possible. Also her husband still works. There's a lot of people getting sick of their jobs and I've found those earning that money tend to get sick of their work pretty drat quickly. Most of the engineers I know are wanting to retire once they've hit their 50's. Yet no one has retired, they just can't afford to. The real BWM, with respect to Harvard woman, is not saving a high percentage of a good professional income. Like in Australia 23% of people do not believe they will retire before 70. Of course there's probably another 23% who don't realise they'll need to. http://www.smh.com.au/business/workplace-relations/too-poor-to-retire-more-australians-than-ever-will-work-past-70-20160408-go1ubf.html
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Aug 3, 2017 23:19
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Subjunctive posted:Why would someone need to retire before 70? Are there mandatory retirement ages there? State pension payments kick in at 65 onwards, although it's not enough for most to survive these days. As hailthefish said there are a lot of physical workers where their bodies are hosed by 60.
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Aug 3, 2017 23:26
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BWM, stupid with money and national news bad with money. https://www.stuff.co.nz/national/95482996/hamilton-couple-hit-with-50000-bill-from-finance-company quote:The large home in rural Tamahere, on the outskirts of Hamilton, was repossessed by FM Custodians Ltd in August 2015, while the occupiers - Robert Hoani Clifford Cribb and Karen Lynne Stevens - were in Europe. Cribb and Stevens failed to give FM Custodians an address to shift their house full of furniture to, so FM Custodians packed it up into five containers and stored it with a local removal company. Eighteen months later, when Cribb and Stevens sprung their possessions from Allied Pickford, they refused to pay the $50,000-plus for the removal and storage costs. When you're $11m in the hole why worry about another $51k?
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Aug 7, 2017 03:49
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Weatherman posted:Ohhhhhh yeah run that stuff right into my veins. I don't think I've felt purer schadenfreude in the last six months. Someone needs to cover the costs of wear and tear on that private road. $1k per week for road access for each of the existing residents seems fair and market rate.
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Aug 7, 2017 23:22
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), or they open up on-street parking to the *lips curl back* common people outside the gates.
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I wouldn't think twice about accepting a $1.1m increase in value in a few months. I'm sure it would be difficult to get by on $1.5m invested and able to easily pay rent until finding another property.
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Aug 10, 2017 04:33
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Discendo Vox posted:It's determined by when you cross Avogadro's deductible. That's probably around the point where adding water to your "water" has an exothermic reaction. I'm guessing a flood of concentrated sulfuric acid would not be counted as water. Anything less than that is fair game.
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Aug 29, 2017 04:12
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TB writes a lot of words, none of which are worth reading. Concise posts that are about BWM is what is needed. When you buy a house and can't make payments and you are desperate to sell this is what you have to do. quote:Oh *@#* bank forces sale! Currently the banks in NZ are limiting the flow to mortgagee sales onto the market so they get the best price. There are a lot of places that are in the queue for mortgagee sale and they desperately need to sell. On top of that about 1/10 of the house sales I can get previous data on are selling at a loss. I've even seen houses sold for a loss 9 months after purchase. New Zealand is trying it's best to maintain the housing bubble here. e: house prices 3 times annual income aren't bad. Compare this to Auckland, NZ where house prices are 10-12 times annual income.
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Aug 30, 2017 02:00
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DarkHorse posted:Are NZ and Canada housing bubbles setting up for a pop soon or what? In New Zealand people are in denial about the crash. Of course by the time it's obvious it's a crash it'll be over. House sales dropped 35% just on volume. The Reserve Bank statistics show that the mortgage lender is similar but just on fewer, higher priced properties. Over the past few months Auckland house prices have been falling (about 9% this year) and now people are taking it more seriously. Sales volume falls before price falls so there's no surprises there. How far the prices will fall I don't know yet and how much it will affect the rest of New Zealand I don't know. Separate research shows that NZ household would be resilient to interest rate increases. However the banks don't seem so confident (I think the banks know how bad the problem is with their mortgage books). In Canada I've heard of a lot of house sales going sour with people suddenly unable to come up with the money after signing on the dotted line. I expect people in New Zealand and Canada to continue to do stupid BWM things, so these bubbles could carry on.
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Aug 30, 2017 05:15
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Droo posted:The last thing that set her off was someone saying it's a good rule of thumb to only pay 3x your annual gross income to buy a house. Saying something reasonable like that is the same as being a neo-nazi apparently
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Sep 1, 2017 01:52
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Oh boy they've pointed out the whistle blower reward for reporting the tax evasion. IRS has more legal resources than a soon to be disbarred boss.
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Sep 1, 2017 02:45
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silicone thrills posted:"it" is never ok. I also hate clowns.
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Sep 1, 2017 04:21
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There are more details of the mortgage credit tightening in New Zealand. House sales going to 65% of the previous quantity and lending being about 70% of the monthly amount show an obvious change that is affecting prices. We've gone from an environment where just about any house put on the market would sell quickly to people just not having the finance. The headline leading into the article shows the banks are looking closely at people buying houses with 30 year mortgages where the last payment would be past retirement age. In Auckland the average time to save a deposit is around 10 years then you have to borrow a lot ($800k to $900k) on 30 year repayment. Of course banks are refusing to lend most buyers large sums approaching $1m. https://www.stuff.co.nz/business/money/96401149/banks-tighten-home-lending-for-older-borrowers What I'm also hearing from inside banks is the number of people that are in trouble with their payments or are applying for loans for consumption and having them turned down. There was a lot of borrow to spend activity going on over the past 2-3 years (maybe longer). Everything has changed as mortgagee sales were rare and now there are numerous mortgagee sales and those desperate to sell prior to the bank selling the property for them.
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Sep 4, 2017 00:33
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FrozenVent posted:If I'm buying a product from Shkreli Inc, wouldn't it make more sense to check the lot and batch number against Shkreli Inc.' secure database, that they can update if there's a recall or anything else? That would involve using reliable and proven technology. People are obsessed with the block chain even though it's just a series of public journal entries. I don't find accounting processes exciting. PAMP Suisse have Veriscan for their gold bars. It checks against their database by serial number and the image stamped on the bar. I know there's been discussion around use of the block chain for the metals market due to rehypothication issues. For example how ANZ Bank bought 30,000 tonnes of nothing. https://www.ft.com/content/6c3eb4ac-5b28-11e7-9bc8-8055f264aa8b
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Sep 5, 2017 01:59
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