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I mean then you are setting land speed records on your trains while your henchmen fight off boarders.
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Jun 28, 2017 04:20
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lampey posted:And you have to recapture all that depreciation. Unless you are in the highest tax bracket you are not saving any money on depreciation. So even if you are making a small amount each year you will have a tax bill due when you sell They could 1031 exchange into another property if they are in the US, then when it finally passes to your heirs, the cost basis steps up and they can start depreciating the asset anew or sell it without capital gains.
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Jul 5, 2017 04:48
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High urban housing costs are generally more of a political issue than a problem with construction costs. Once you build out to the limits of sprawl, the only way to add housing is density, and if you can't go up or put more units per acre, you get more expensive housing even if you can get a free mobile home for any vacant lot.
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Jul 5, 2017 22:47
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Ixian posted:I have this conversation with some friends (and posters in this forum) occasionally...usually after they find a book like this or they just read Rich Dad or whatever for the first time. If "early retirement" means "I want to gently caress off and play video games, or raise ferrets or <x> thing for the rest of my life" I roll my eyes. If what they really mean is achieving financial independence so you are not beholden to a W2 job at a company that really doesn't give a gently caress about you despite monthly "we're all a TEAM" emails from HR to the contrary, that is a noble enough goal, but think it through. Doesn't mean you wouldn't work for said company, just that you wouldn't spiral out in to homelessness if bad times come your way. This puts my thoughts on the matter into a more articulate form. I don't think I could handle actively not accumulating more. Like, the thought of selling stock and travelling feels like I would lose too much career earnings ramp up to make me feel comfortable doing that, with a similar feeling towards ceasing to accumulate just as it becomes self-sustaining. Also this is the BWM thread so I have to talk about a family friend who has their lake home torn up for the summer when they could have started the remodel after the 4th and gotten all the construction workers for cheap when it is winter and no one has any projects going.
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Jul 7, 2017 05:12
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Horse brought to water, would not be compelled to drink.
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Jul 11, 2017 22:33
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Ok, now I finally got it too.
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Jul 12, 2017 03:34
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ate all the Oreos posted:Give the unemployed jobs building houses for the homeless. Bam I just fixed America. Gotta fix the zoning first.
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Jul 13, 2017 19:32
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Additionally, loosening zoning to allow more development would result in a boost to construction employment, which is like manufacturing in terms of blue collar jobs except that you can't ship it overseas!
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Jul 13, 2017 20:51
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The thing about original Magic cards would be that to accurately model the collectible expected return, you should include the other collectible card games of the period of then similar popularity, as you wouldn't really know beforehand that Magic would be the one to take off, while your rare Pokemon cards are worth about as much as Beanie Babies.
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Jul 21, 2017 23:45
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Youth Decay posted:Crowd Real Estate is just timeshares right? Some real estate crowd funding platforms are legit limited partnership units, but there is some adverse selection of projects in that the projects that hit platforms are ones where the developer couldn't convince a bunch of doctors and dentists to invest in their totally surefire project.
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Jul 26, 2017 03:23
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ate all the Oreos posted:The justification for that I've heard is that you gotta build your aircraft for the hypothetical war you're not fighting under the assumption that in the near future we'll be getting into pew pew fighter wars with china or something Well the next time the US fights a war against someone with a modern air force, it will be the last war, but we still have to win it!
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Aug 1, 2017 15:46
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Randler posted:How did horses survive before domestication at all? Were wild horses so much different from modern day horses? I mean, I'd expect an animal with growing teeth to use those teeth up enough by eating so that it doesn't require regular human interventions. I assume we selected for individuals that are less apt to survive in the wild. Also I assume feed is less abrasive to teeth than foraging in the wild. Wild horses seem to do ok, so maybe domesticated horses are the bulldogs of the equine world?
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Aug 3, 2017 19:59
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Ashcans posted:Horses were a big thing for guys as well until vehicles got faster/better, I think. Basically 200 years ago every dude who spends too much on his truck would be telling you how he is getting a bigger, younger horse that costs too much, but it makes sense because he's sure he'll use it for work as well. There was an article written around then end of Pontiac with an old timey quote saying that the poems are only written about war, women and horses. Edit: Apparently there was a poem by Kipling with a line about "Women and Horses and Power and War". crazypeltast52 fucked around with this message at 20:46 on Aug 3, 2017 |
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Aug 3, 2017 20:43
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canyoneer posted:I am in the wrong business, man. I totally did that spell, you just didn't do the spell reception ritual right. Sorry, that will be $500 to do it again.
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Aug 9, 2017 23:12
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"Sorry developer man, the wife wants more for it, what can you do to help me out here?" Alternatively, if this parcel is next to commercial development, his wife could maybe be persuaded once demo amd construction starts?
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Aug 10, 2017 03:11
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EAT FASTER!!!!!! posted:Hello everyone don't worry we've safely arrived at peak capitalism - where the gig economy meets the cartoonishly rich: Please take all of our personal data and don't steal it. Kthxbai I wonder if they work with Sundae?
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Aug 10, 2017 21:27
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golden bubble posted:They want a high-class butler, but they aren't willing to pay anywhere close to what a good butler costs. Seriously. Some of that is something a housekeeper can do, but $35 an hour will get them zero people with experience supporting a CXO of anything larger than a tiny enterprise.
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Aug 11, 2017 00:12
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Subjunctive posted:I miss my FB admins almost literally every workday. A family friend brought his admin with him when he left his F500 employer. I'm not sure what that cost, but I'm sure pulling someone of that skill level out of a company of that size with all the benefits that come with that was not cheap.
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Aug 11, 2017 08:06
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Zo posted:the expected value of insurance is negative (with some exceptions for subsidized insurance like commonly for health insurance) From an NPV/expected value standpoint yes, but from an uncertainty optimizing utility curve it could be the opposite (you have a small marginal gain in happiness from the non purchase of insurance, but can have an outsized negative happiness effect from an uninsured loss). It would be like a term life insurance policy for someone just starting to ramp up in compensation with non-working dependents,they might expect to be fine, but place such weight on their dependents that the happiness loss would offset the gain of the insurance premiums. Well, the thought of that happiness loss I guess since they won't be around at that point. This gets into loss aversion and how much happiness someone would forgo in order to insure against a specific value of unhappiness and let's insuance companies price above actuarial price in the absence of competition. I didn't do great in my intermediate econ class, but this and intertemporal optimization I do recall. Edit: you said expected value in your post, this whole thing is redundant as you also qualified for easily absorbed losses.
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Aug 19, 2017 19:41
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I feel like NOT making a best efforts attempt to figure out wtf happened would be bad with police/murder charges.
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Aug 23, 2017 00:51
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Anyone who represents themselves in a court of law has an idiot for a lawyer AND a client.
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Aug 30, 2017 03:59
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silicone thrills posted:"it" is never ok. 3rd person singular they was good enough for Shakespeare, so it works for me.
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Sep 1, 2017 04:42
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Senor Dog posted:Talking about yourself is still against thread rules It's ok, I think his profile picture is a derail bird!
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Sep 1, 2017 18:34
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Randler posted:Comedy option (I don't know how US taxes work): Your house is now a business and you get -x. However, as you are privately living in it, we will assess fictional income at arm's length, as if you rented your house to yourself for x plus a 5% net margin. Taxing imputed rent for homeowners would be a good policy, but would start an absolute shitstorm.
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Sep 8, 2017 19:27
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Krispy Kareem posted:Is that a Happy Labor Day celestial body? Better give it one or the May Day constellations will appear in the fall as well as spring!
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Sep 12, 2017 16:29
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Now I need to see what I paid for a loaf of bread last. If they were telling me they paid $100 for a case of beer, I would know they are rich!
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Sep 20, 2017 20:49
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Panfilo posted:I've heard it depends on the state. North Dakota allows claiming via a trust, but the flip side to public claiming is that the gambling commission would otherwise be able to rig it towards favored parties if it wasn't public, so I feel like lottery winners should be public.
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Sep 21, 2017 01:35
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Krispy Kareem posted:I enjoyed the part where he questioned his ex's professional success by citing nepotism. I'm just trying to imagine what would happen if parents found out at his posh employer. Yes, Reginald McMoneypants III's teacher was dating the director years ago and made internet drama about it. I'm sure he's a stable guy who would never compromise the privacy of his students or their families because one did something annoying though.
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Sep 26, 2017 18:48
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Yawgmoth posted:I don't ever want context for this because there's no way in hell it's as cool as what's in my head. I'm going to write a book about this case, but find a way to put it in the young adult section of a bookstore and will print money.
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Sep 28, 2017 19:21
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American banks don't regularly appraise residential property, so as long as you are current it usually doesn't come up.
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Sep 30, 2017 22:28
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Subjunctive posted:Would you be screwed if your mortgage term came up, or would they just hold their nose and roll it over? They do 30 year, fully amortizing terms, so the refinance risk is only there if you did an adjustable rate product or non-standard mortgage. Conforming or agency mortgages will be for the full amortization, so unless you want to do something out of the ordinary, your mortgage will have a 30 year term and amortization, fixed rate loan.
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Sep 30, 2017 22:37
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Tiny, where does that picture of little brontosauruses (that looks wrong, is it brontosaurs?) come from? They are adorable and I would want a BWM quantity of them, although I was somehow able to resist the old Nessie ladles.
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Oct 3, 2017 23:10
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OctaviusBeaver posted:That doesn't sound like helping. That really sounds like the opposite of helping, moving someone from a place with jobs to a place without them.
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Oct 6, 2017 20:42
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Incidentally, early Puritans drank hard in the colonies. I read Drinking in America by Susan Cheever and there's a host of historical BWM in there, but also bad with livers. The Mayflower was dangerously low on beer when it got to Plymouth Rock, and the captain was not incluned to let the fanatics he was dropping off have the booze his crew needed for thier trip back to England, and they would all run out of alcohol too soon if they tried to make it to Virginia.
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Oct 9, 2017 17:31
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BigDave posted:HORSIES ARE MAGICAL CREATURES AND I WANT ONE AND DONT YOU HURT FRECKLES!! That article did have a point about horse drugs. Racehorses get put on some drug cocktails that could impact suitability for food.
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Oct 10, 2017 17:35
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Nail Rat posted:One day your great, great, great, great, great grandchild will go to that restaurant, and there will be a legend passed down of that rear end in a top hat drifter who stiffed the ancestor of the waiter. Funnily enough, he had the same last name and came from the same town. This reminded me of something that should belong in this thread, but doesn't! Trusted Assistant Lending, where chinese banks in the 1800s would lend to future bureaucrats in the hopes of their obtaining civil service posts. The loans were illegal, unenforceable, there was no repeat lending, the bureaucrats were often far away from their lenders and there were no social consequences to default. But somehow they were lucrative to the banks because of the trusted assistants. The chinese civil service exams focused on academic Confucian thought, which would not prepare them to actually serve in the civil service. Trusted assistants were agents of the lender assigned to guide the bureaucrat through the social and political maze of wherever they were assigned. Trusted assistants had soft power to aid the bureaucrat in establishing their tenure, as well as representing the lender's interests to determine how much could be repaid. But wait, this is far away from the lender, why wouldn't the assistant merely take bribes from the borrower to capture those returns? Because the trusted assistant was from the region of the bank's operation and had social consequences, as well as future advancement based on the performance of the loans they oversaw. Additionally, trusted assistants were most valuable at the start of a term and would decline in value to the borrower as they became established in their post. The BWM is probably the people who failed their civil service exams, because they were typically poor to start with and lost most possibilites for advancement by failing their exams. But if they passed and got a post, they had to hire their own staff before they could travel to their post and start collecting taxes. https://helda.helsinki.fi/bof/bitstream/handle/123456789/14908/dp1317.pdf?sequence=1
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Oct 13, 2017 18:09
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If I remember Guns, Germs and Steel, most big animals in Africa evolved with hominids as predators for millions of years, while outside of Africa they didn't have the experience to survive predation by a new apex predator capable of using tools. I'm not sure how horses and various cattle made it if that was true, but it explains what happened to most megafauna around the world. Bad with Evolution, not being adapted to survive predation by humans.
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Oct 19, 2017 23:44
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Solice Kirsk posted:hosed up teeth is a waaaaay bigger social pitfall than small tits. In the US anyways. Having a hosed up smile will torpedo all sorts of stuff. Interviews, dates....the list is endless! This surprised me when I was studying abroad and was around non-Americans who didn't notice it. Apparently we really care about teeth in the US, we're all bugged to notice crooked teeth because so much of the US had braces or knew people with braces growing up I guess.
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Oct 21, 2017 19:59
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FrozenVent posted:Income is almost 2x expenditure (Taxes and whatnot), so 10x income at retirement means your expenditure would account to 5% of the total by year; seems logical to me. Plus you don't have to save for retirement anymore if you are looking at % of gross.
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Nov 2, 2017 03:13
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Inept posted:This one is a bit of a rollercoaster. I can't tell if the FIL is saying, "don't worry it's taken care of of" or "I hope you are ready to step up and pay this".
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Nov 3, 2017 18:52
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