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Hi-Tech Repo Man

jhaberman writes: "MSNBC has an amusing article. It is a ride-along with a Silicon Valley repo man. You know, those guys who swipe cars from people who can't pay. He is taking cars right out of all the big players (Apple, Intel, Cisco, Sun) parking lots! Needless to say, he has quite a bit of work right now. Hilarious."

241 comments

  1. Re: beemers cant play mp3s by Anonymous Coward · · Score: 1

    $60000 for a car and it cant even play an mp3

    Jeez, talk about 'PROFIT MARGINS'

  2. Re:a repo man who knows the stock price of cisco? by Anonymous Coward · · Score: 1

    A disgruntled Cisco ex-employee turned repoman would though... ohh, vengeance is sweet. Repo'ing your managers SUV has got to be the icing on the cake.

    Not that I speak from experience or anything. Anybody looking for an IOS coder and reasonably priced Ford Explorer? Let me know.

  3. Re:The last line was the best... by Anonymous Coward · · Score: 1

    Lottery tickets

    Surely they mean VA Linux shares? Ohh... same thing.

  4. Re:LOL by Anonymous Coward · · Score: 1
    Yeah, that seems to be every gun-totin' Texan's fantasy: for some "bad guy" to violate his home and threaten his family. That way our stout hero gets to defend his family, his property, the US of A, and Jesus. As a plus, he gets to feel the thrill of taking a human life and gets the bragging rights to use with his drinking buddies. YeeeeeeeeeeeeeHaw!!!

    Too bad that, every now and then, it turns out to be his college age son coming home from his dorm to sleep at home because his roommates friends are making it impossible for him to sleep. Oops, looks like his guts are splattered all over the walls. Pity he didn't call first.

  5. Re:Schadenfreude by Anonymous Coward · · Score: 1

    If you die tomorrow, you won't get any extra points for having a fat bank account.

    However, you may get to the bonus level if you have more than a million dollars.

  6. Re:Interesting slant on the article. by Anonymous Coward · · Score: 3

    Why not? They chose to work in a high-risk speculative field for the chance to make it rich. It was their personal choice to do this rather than a more stable, boring job in a more average community. If you want to gamble everything on living high, you have to accept the responsibility for loosing big.

  7. So... by Anonymous Coward · · Score: 5

    Has he taken the Andover Slashdot cruiser yet?

    1. Re:So... by sharkey · · Score: 3

      I thought Taco painted it, and it was officially "Slhasdto teh Kwoosserr."

      --

      --

      --
      "Outlook not so good." That magic 8-ball knows everything! I'll ask about Exchange Server next.
    2. Re:So... by sagacious_gnostic · · Score: 5

      I don't think he'd dare... even a repoman would not be seen driving that thing.

  8. Re:LOL by zztzed · · Score: 1

    Of course, he's fucked either way.

    --

  9. Secret to happiness (some random thoughts) by Tony+Shepps · · Score: 2
    Interesting to see that the Buddhist stance includes sublimation of desire of a few non-material things too. I wasn't aware of that. Thanks.

    Personally, I find that happiness is good brain chemistry. Some people have it and some don't. For those with good brain chemistry, nothing will make them unhappy. Once in a while one of these people make it to prominence. You've seem them. A lot of them are fitness gurus. Some of them are insufferable.

    For those with bad brain chemistry, only turning around that chemistry will make them happy. This can be done in the short run with drugs or in the long run with therapy. Therapy can be self-administered, even without knowing it, and I'm sure training in getting rid of desire is really good therapy.

    I'm just not sure that, without all the mysticism involved, getting rid of desire is all that healthy. Desire, it seems to me, is tightly linked to motivation. Without desire of any kind, it is hard to see getting out of bed in the morning. Even if that bed is going to be repossessed.

    Life is a big old mystery. Every day we learn more about it by living it. If our possessions are taken away, and it makes us unhappy, at least we are humbled by the experience. How can life be improved without the experience? Color me skeptical.

  10. Re:Interesting slant on the article. by Trepidity · · Score: 2

    Of course that doesn't change the fact that someone with a million-dollar house is by definition quite wealthy. The simple fact that they live in an expensive neighborhood (so they aren't wealthier than their neighbors) doesn't change this. Most people could not afford to move into such neighborhoods to begin with...

  11. Re:LOL by Trepidity · · Score: 2

    Erm, isn't that the entire point of the term lease? The bank owns the car, and you are leasing it from them; you have not bought it from them, and thus ownership hasn't transferred from the bank to you.

  12. Re:back to the Millionaire Next Door by Trepidity · · Score: 2

    Just because someone is living high doesn't mean they're wealthy....more likely the opposite.

    Perhaps, but they're still relatively wealthy to even be able to purchase a million-dollar house, even if it took all their money. Most people couldn't afford a million-dollar house even if they were living well beyond their means.

  13. Used vs. new by Eric+Green · · Score: 5
    It all depends upon how long you want to keep your car. If you are going to keep your car for 10 years, it doesn't matter how much it depreciates once you drive it off the dealer's lot -- what matters is how well it holds up for that 10 years. The best way to have that happen is to buy it new and properly care for it for that entire time. That's what my family typically does. My Mom's 1988 Honda Civic station wagon was only recently retired, with 288,000 miles. Her 1995 Honda Civic 4 door (she sold the station wagon to my brother at that time) has over 120,000 miles on it right now, and she plans to hold on to it for another 5 years. She can do that because it was taken care of, and she doesn't have to worry about whether the previous owner ran it for 60,000 miles without an oil change, and ....

    The problem is that we here in America rarely take the long view. It's always "Buy something, hope it lasts a few years, buy something else to replace it." I grew up in a part of the country where keeping old cars running for a long time was a part of the way of life. For some reason we've lost that part of our culture in our "buy buy buy" consumer feeding frenzy.

    -E

    --
    Send mail here if you want to reach me.
    1. Re:Used vs. new by MattJ · · Score: 1

      "what matters is how well it holds up for that 10 years. The best way to have that happen is to buy it new and properly care for it for that entire time."

      Keeping the car in good shape for ten years is half the strategy. The other half is to shop around for a few-years-old car in *good* condition, instead of buying new. Cars these days, particularly Japanese cars, are much more reliable than the clunkers we made in the 70s and 80s. A few-years-old car well-maintained is not significantly different than a new car. (Click and Clack, from "Car Talk", agree that if something's going to go bad on a recent model, it's going to do it in the first year or two; by buying after that, you're letting other buyers screen out the lemons for you!)

      What *is* different is the price, and the loss of that money for ten years. Let's say you buy a new 2001 Corolla for $15,000. I buy a 1997 Corolla for $8,000. (First I really shop around, have the cars inspected by a trusted mechanic, etc., because my savings will be worth this effort.)

      If we're both able to hold our cars for ten years (and with a 1997 Corolla in good shape, I easily could), my $7,000 savings will be worth $19,800! (assumes longterm 11% gain in stocks; hey, buy low now). Assuming inflation of 3%, that's still a difference of $13,000 in 2001 dollars. Check out "The Millionaire Next Door", and you'll see that many hidden millionaires prefer to buy used cars.

    2. Re:Used vs. new by Technician · · Score: 2

      "and you'll see that many hidden millionaires prefer to buy used cars." I've never bought new for that very reason. The car I am driving now, I bought a 100K miles. I had the engine rebuilt. I keep it up and it is reliable and looks great. Total cost of the car and rebuild was less than 6K. I've put on another 85K miles. I own it outright! What would normally be payments are going right into the stock market sale! Even with the market drop, my average investment is up. After buying on the current market sale, I have lots more shares to hold on the ride up. When I retire, I plan on buying a NEW RV. At that point, there isn't much left to save for. I'll be able to enjoy what ever I want.

      --
      The truth shall set you free!
    3. Re:Used vs. new by Alatar · · Score: 1

      "Japanese" cars sold in the U.S. don't come from Japan any more. They're made domestically. Therefore, the advantage of having a car built by robotic workers who obsessively sweat over every detail of the car's construction is lost. Don't even ask me about the Sony plants in Mexico...

  14. That's one man's experience by shaldannon · · Score: 1

    Read The Millionaire Next Door to see how the average millionaire makes (and keeps) his money. The best part is that the average millionaire made his million or more in 25-30 years. The other interesting thing is that the book you refereced touts "how to get rich and get rid of your job." The average millionaire today still works hard at his job because he loves what he does. Humans were meant to work...and when they have protracted idle time, they get *really* bored and jaded. Trust me...I know from experience :)


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  15. Here Lies a Toppled God by shaldannon · · Score: 1

    From Frank Herbert's Dune series:

    Here lies a toppled god-
    His fall was not a small one.
    We did but build his pedestal
    A narrow and a tall one.

    --Tleilaxu proverb


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  16. Sorry.......Been there done that, got the T-shirt by shaldannon · · Score: 1

    ...and still no sympathy. I graduated in June, CS degree from Auburn University, hired and started August 1 with net32. The coapny sells dental supplies over the web to dentists and hygienists. They cut 50% of the staff--including me--in mid-December. 5 months on the job and I got the ax. I didn't study very hard but I worked my butt off at net32. I still got cut, and after living off savings for 2 months, got another job, still doing web and cgi work.

    I have no sympathy for people who don't save and plan ahead when it's well within their means to do so. NONE. I can afford that opinion because I *have* been there. I had enough savings that when I totaled my car two months after starting my new job, I could go out and by another with savings. Understand that I've been working 7 out of 9 months, and I could by a 1991 740 turbo wagon (Volvo) with most of the options OUTRIGHT. I still have savings. I live in a 2 br apartment by myself. I work hard, and I spend next to nothing. On top of that 10% of my gross salary goes to tithing, so you can't say that I'm a miser.

    I repeat: I'm exceedingly careful with my money. I don't make a lot, but I make enough. If people don't manage their money properly, it's no concern of mine, but I don't want to hear them whining about how badly they were mistreated.

    I'm not going to be sadistic and laugh about poetic justice like the guy who started this thread, but it certainly is poetic. I do this work because I love it. I got cut, I bounced back, and I'm happy again. It's a lot easier to go out and get another job than it is to sit home and collect unemployment and whine. If you have to go elsewhere to get a job, do. If you're that sharp, they'll pay for you to move. Try Utah...try RTP.

    </RANT>


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  17. roflmbo by shaldannon · · Score: 1

    :}


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  18. back to the Millionaire Next Door by shaldannon · · Score: 1

    People are gonna get sick of my saying this but read The Millionaire Next Door. Just because someone is living high doesn't mean they're wealthy....more likely the opposite. Most truly wealthy people live well below their means....the people who *can* afford to live in fancy neighborhoods generally don't, and vice versa.


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  19. Yup :) by shaldannon · · Score: 1

    In college I bought an old Sony Vaio PCG-505GX from Mort (from slashnet) for $850...it was only 1-1.5 years old. I eat like a snake. I pay rent, gas, insurance. I've bought 2 plane trips to Arizona and one to Alabama in the last 9 months, along with a Sony camcorder and a WinTV card. All that, plus the tithing mentioned, plus having to support capital gains taxes....and I still have money left over--even after being layed off and losing a car.

    It's unfortunate that most people don't exercise financial restraint and responsibility, but not doing so does not entitle them to whine about their misfortunes :)


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    1. Re:Yup :) by ethereal · · Score: 1
      I eat like a snake.

      OK, I have to ask: what's the metaphor here? Do you eat something as large as your body once every couple of weeks, and fast the rest of the time? Can you unhinge your jaw? Do you vomit up a compressed mass of the bones and hair from your meals? I've heard of "eating like a bird", but what's eating like a snake?

      Caution: contents may be quarrelsome and meticulous!

      --

      Your right to not believe: Americans United for Separation of Church and

  20. Repo Geek by Paul+Komarek · · Score: 3

    "...Dynamic 601-b self-loading boom..."

    Interesting to see a geek at work in a different field. I'm assuming, of course, that Mr. Kevern told the reported the model number of the self-loading boom off the top of his head.

    -Paul Komarek

    1. Re:Repo Geek by RealUlli · · Score: 1
      Nah - if he was a real geek he'd have got the 701 series upgrade with 5000lb of wheel lift!

      No, not until he can pay cash for it.

      Cheers, Ulli

      --
      Simple things should be simple, complex things should be possible.
    2. Re:Repo Geek by SpinyNorman · · Score: 3

      Nah - if he was a real geek he'd have got the 701 series upgrade with 5000lb of wheel lift!

      Yeah, baby!

      http://dynamicmfg.com/bdw.htm

    3. Re:Repo Geek by simstick · · Score: 1

      You da man! Glad to see there are more "mecho-geeks" out there.

      --
      The best way to ruin your hobby is to try to make a living at it. Waiting on the paperless office since 1997
  21. Thanks much for posting that! by pedro · · Score: 1

    All of the crap associated with dotbomb and our economy of recent years is about EGO!
    The above was a distillation of Bhuddist attitude (it is an attitude.. sort of :)
    If you do Tech (ohmy.. I'm noticing my capitalisation) I would suggest you reread the above, and roll it around in your mind much like you were tasting a wine, or a great cola (me, I'm a CocaCola man)
    A Bhuddist stance works, and you get an understanding of the spiritual universe free in the ?? Sorry. I forgot.
    There is no bargain or deal to be made with anyone. You choose to see. That's it.

    --
    Brak: What's THAT?
    Thundercleese: A light switch.. of TOTAL DEVASTATION!
  22. Re:This is why I drive a 4 door 4 cylinder family by pedro · · Score: 3

    Zillions of studies have been done on WHY millionaires are rich.
    THE single largest factor has been a general disdain for extravagance.
    Use less than you get, and you accumulate wealth. Simple. Why is this so hard for so many people to understand?
    Extravagance doesn't inform the soul. It doesn't please your partner. It might get you laid, but that's all. Laid. NOT loved, which is infinitely more valuable.
    It does only one thing really well..
    The attractance of Jackals. Land Sharks. Sycophants.
    Millionaires are generally rich because they possess and excercise something approximating a value system.
    Dot Com bozo's were generally into status, and the getting of STUFF. Illusion.
    THAT idea is the germ of self-inflicted brain death.

    --
    Brak: What's THAT?
    Thundercleese: A light switch.. of TOTAL DEVASTATION!
  23. Re:Schadenfreude by pedro · · Score: 4

    Excuse me, but Shadenfreude is a (DUH!) German term, tangentially related to enjoyment at seeing the self-inflated succumb to their own hubris.
    There's nothing 'only in America' about it.
    These people *knew* they were in a speculative bubble, and just chose not to recognize it. They gambled that they'd cash out some tasty stock options befor the souffle' fell, and they lost.
    I have ZERO pity for these people. None. Nada.
    Having known some leeter than thou yuppie wannabe scum personally, I feel that these folks are getting off far too easily.
    Eventually, the greedy have to pay.
    The dotbomb debacle was swift, sure justice, and I've enjoyed every second of it.

    --
    Brak: What's THAT?
    Thundercleese: A light switch.. of TOTAL DEVASTATION!
  24. Re:Interesting slant on the article. by Sabalon · · Score: 4

    The sickening read of this article basically states what a high kick this guy gets off the human misery that is a round of layoffs, just so he can make a few bucks.

    Not really. What he was saying is that he feels bad when he has to repo a car from a mother of two that is doing the best she can, and that it's the .com's own damn faults for going haywire when a much more modest care would have not got them in this situation.

    Not so much he gets a kick, as it's hard to feel sorry for them.

  25. Re:on the other hand... by bobalu · · Score: 1

    What are you going to do, throw it at me from your recumbent bicycle on the side of the road? There aren't many overpasses around here bunky!

    Be careful, fucker, be careful.
    ooooohhhh, you're soooo frightening! Do you do this professionally? I'll bet you work at one of those funhouses where you jump out and scare people!

    It seems that for you that Anonymous COWARD account is just perfect.

    --
    The revolution will NOT be televised.
  26. Re:So buy a used Ferrari. by bobalu · · Score: 1

    Personally, I went with the Porsche. It's amazing how these things depreciate

    From new, yes. But older ones hold their value quite well. An '89 911 bought in '98 is still worth almost exactly the same money today.

    Enjoy!

    --
    The revolution will NOT be televised.
  27. on the other hand... by bobalu · · Score: 3

    you just might think "i don't care, i want a #&*@ ferrari before i die!".

    'cuz life sucks and then you die. or you just get too old and/or fat to get in the bloody car anyway. i mean, point well taken and all, but i find my toys are excellent motivation to get my ass out and working. besides, a little self-confidence and risk-taking is really essential at some point if you're trying to do something career-wise.

    don't get me wrong, i have little sympathy for people eating $100 lunches while their car gets towed away, but sometimes you just have to make a fashion statement, and if it doesn't work out well hey, try again next time.

    --
    The revolution will NOT be televised.
    1. Re:on the other hand... by Alioth · · Score: 2
      you just might think "i don't care, i want a #&*@ ferrari before i die!".

      Naah. When you pull back on the wheel of a Ferrari, nothing happens!

      Part of my lack of understanding of people who spend beyond their means to get nice cars is that, well...the speed limit is 70 mph, and you just can't have much fun [0] in a car.

      [0] The back seat of a Ferrari is inadequate for having fun ;-) ;-)

    2. Re:on the other hand... by Donutsarepretty · · Score: 1

      You go the speed limit?!

      --
      I live my life by the moon, if it's high play it low, if it's harvest go slow, if its full then go. -Nelly Furtado
  28. UNLESS THE MOSQUITO HAS WEST NILE!!!! by darkharlequin · · Score: 1

    sure he only takes a drop...so does ticks, and I F$$$Kin hate those creatures. However, I do find it hard to kill an ant or even a fly, my reverence for life ends at mosquitos, green heads, strawberry flys and ticks.

    --
    i am so very tired....
  29. This is why I drive a 4 door 4 cylinder family car by backtick · · Score: 5

    I can afford it :-) Sure, I work for a 'dotcom', and we're doing pretty darned well, but I'm not stupid enough to go out and spend a lot of money I don't have. Heck, I'm about to take a honeymoon, and it's all paid for. Now, did that come from money from the 'dotcom' craze?

    No! I saved this money into a savings account and some stocks for YEARS, just for either a honeymoon or a serious vacation. Go figure, I have a lot of 'dotcom' friends the repo man will meet, while I have no bills I can't handle on much above minimum wage, and I've even gotten ahead on most of the payments on stuff I do have (car insurance, house insurance, etc) so if I DO have to get a new job, I'm not scrambling for cash.

    I have zero sympathy for 'dotcom' geniuses who dug themselves into a hole. Dad worked in a factory his whole life, and I learned what it means to have a backup plan for when it all goes to hell! Thanks dad!

  30. Re:sounds good n ecological to me by peter · · Score: 1

    who runs the busses in your city? I've never ridden a bus that stops at every stop even if nobody is getting on or off. Maybe you don't know this because you're too special to take the bus.

    If Americans (and, er, us Canadians too) weren't so pig-headed, they would figure out that instead of trying to check their email and browse the web and talk on a cell phone while attempting to control a ton of steel moving down a road fast enough to kill them if they screw up, they could do all that stuff while sitting on a bus, leaving the driving to someone who isn't distracted.
    Public transportation has great potential, especially if somebody gets smart and hooks up a bus with ethernet and phone jacks so people can make good use of their time during their commute.
    #define X(x,y) x##y

    --
    #define X(x,y) x##y
    Peter Cordes ; e-mail: X(peter@cordes , .ca)
  31. A little depressing by Squeamish+Ossifrage · · Score: 2
    Sure, some people have made bad financial decisions, and must make good on their debts. Reposessions is important and necessary. But neither he nor we should be taking joy in the suffering of others. Real people's lives are falling apart. It may be their own fault, but it's still sad.

    A reposession man should no more be happy about layoffs than an undertaker should be happy about an epidemic.

    1. Re:A little depressing by Raven667 · · Score: 1

      The difference is that an epidemic is an unthinking, uncontrolable force, getting your car reposessed is completely within your control and your own damn fault

      --
      -- Remember: Wherever you go, there you are!
    2. Re:A little depressing by divec · · Score: 2
      A reposession man should no more be happy about layoffs than an undertaker should be happy about an epidemic.

      Right - but from the article it sounds like they're getting paid per reposession. Sounds like a perfect way to attract people who delight in others' suffering.

      Similarly, states which use volunteers to perform executions are obviously gonna attract sadists to the job.

      --

      perl -e 'fork||print for split//,"hahahaha"'

    3. Re:A little depressing by Skuld-Chan · · Score: 1

      Its hard to have sympathy for someone who seems to have plenty of money for other things (like a million dollar house).

    4. Re:A little depressing by fors · · Score: 2

      I'm betting that they get paid by how many repos they do. From his point of view he is only doing a job. A job that wouldn't be necessary if people planned for downturns in their future. He said he felt sorry for the ones who probably couldn't have done any better. But why should he feel sorry for the stupid people who spent money they never had. The worth of your stocks and options is zero until you actually sell them and have the cash. Anyone who lives any other way isn't worth feeling sorry for.

      --
      "If there is nothing you are willing to die for, then you are not really alive." Myself
  32. Re:I dont find this amusing at all. by Big+Ben+August · · Score: 1

    Just so they didn't have to move the mental patients when they built the new campus there, Sun hired them all and called it iPlanet. Trust me on this, the place is full of nuts.

    ;)

    --Ben, who knows this all too well

    --
    --Ben
  33. Re:Economy by Manuka · · Score: 2

    It's just an extension of the dotcom craze - borrowing and spending huge amounts of money you don't have, nor have a hope of ever having.

  34. Re:Hmmmm, where does he park it? by Manuka · · Score: 2

    That would be kind of hard - since he *owns it outright*. Grand Theft Auto doesn't tend to look good on a resume.

  35. Re:Dealer tags??? by Zagadka · · Score: 1

    Uh, hello? Have you ever actually bought a car in California? Apparently not. I've bought several cars in California -- in Silicon Valley, no less. Guess what, things don't work the way you describe at all, here in California.

    When you buy cars here, they don't have cardboard plates that "look like regular plates, in that they have numbers and such". When you buy a car in California, the dealer typically leaves the advertisement plates there. The difference between a car on the lot and a purchased car is that they (the dealer) attach a sticker to the inside of the passenger's side of the front windshield that serves as a temporary license plate until you get your metal plate.

    If you drive around in the Valley, you'll see lots of brand new cars with cardboard plates that say little more than the dealer's name and URL or phone number. You'll also see quite a few new cars with no plates at all. Yes, I agree that just having a small sticker in the front windshield wouldn't be much help in a high-speed chase. You can go tell that to the California DMV, but that's the way it works here.

    - Someone who actually knows what they're talking about

  36. Re:Dealer tags??? by Zagadka · · Score: 1

    I've never heard of those things called "tags". I've heard them called dealer "plates", but never "tags"...

  37. Dealer tags??? by Zagadka · · Score: 2

    Two cars are so new their license plates still have dealer tags.

    New cars in California, at least in Sillicon Valley, don't have "dealer tags" on their plates. A dealer sticker is placed in the front windshield, and the dealer also typically puts cardboard advertisment where the plates should go (though it's perfectly legal to remove them, and many people do).

    Makes me a bit suspicious about the accuracy of the rest of the article...

    1. Re:Dealer tags??? by Dredd13 · · Score: 3

      Since a lot of people refer to the plates themselves as "tags", its not a big stretch to assume the "dealer tags" are the cardboard advertisements that would be sitting in the license-plate frame.

      D

    2. Re:Dealer tags??? by MattEvans · · Score: 1

      When you purchase a car from a dealer, they remove the cardboard advertisements, and replace them with temporary, cardboard license plates. They look like regular plates, in that they have numbers and such, but the expire after a limited amount of time (varies by state, usually about 90 days). It takes a while after you register your car for the real, metal plates to arrive from the Department of Motor Vehicles (substitute your state's name for that office), and you need something on the car while you drive around before that.

      However, these plates don't just sit on the car while it's on the dealer's lot. You only get them when you buy the car. That's why you find it suspicious.

    3. Re:Dealer tags??? by Donutsarepretty · · Score: 1

      I don't know about CA but in TX new cars have "tags" which are pieces of cardboard with an expiration date (meaning before the date on the tags you need to go get your license plate, because if you get pulled over you're screwed). "Plates" are the actual license plates on the car.

      --
      I live my life by the moon, if it's high play it low, if it's harvest go slow, if its full then go. -Nelly Furtado
  38. .com, vc, and S&L's by Dr.Hair · · Score: 2

    Forget Keating... he got the press and trial but the biggest of the s&l failures was Silverado... with Mr. Neil Bush on the Board. That's the son of GHWBush and bro to Dubya for y'all a little slow on the draw. Course Neil only got a little fine as a result of a civil suit brought against Silverado. No Congressional hearings were held in a case that cost Amercian taxpayers $2 Billion (that's with a B, 2 thousand million for you on the other side of the pond) compared to countless hearings about whether a stain was or was not on a certain dress.

    And frankly... the pilfering of loot from suckers by dot com boards and executives does not even come close to what the S&L's sucked out of the economy. Pud can rant about dot bombs til the mad cows come home... but simply put...Lump em all together and ya still don't have $300 Billion (that's with a b, 300 thousand million for you on the other side of the pond) paid by American taxpayers to clean up the mess left by Bush and Keating during Reagan's administration.

    And in the end... a fool and his money are soon parted... and the P.T. Barnum's and Fidelity's (go check their financial statements) make out as your money gets fleeced from the sheeple of America. And BMW of America has to create a certified used car program like Lexus of America already does.

  39. LMAO by Archfeld · · Score: 1

    not many got the ref. but that is funny shit man :)

    --
    errr....umm...*whooosh* *whoosh* Is this thing on ?
  40. 40 to 60 thousand for a part time job by Archfeld · · Score: 1

    is not good money ?? As a repo man I worked 3 to 4 days a week, at night always of course. Actually one day of that was purely research, calling around posing as family members or salesmen. And the bottom line is I had a KEY to 95 % of the cars I recovered, or a manufaturer's key gun which makes it easy. If people would pay for what they bought there would be no need for these folks but so many people spend the car payment on a stereo and don't seem to understand why the car dealer is upset :).

    --
    errr....umm...*whooosh* *whoosh* Is this thing on ?
  41. LOL by Archfeld · · Score: 3

    only in about 3 bass-ackwards states buddy. Protecting your property IS NOT a valid excuse for homcide.

    Also if the repo man is ANY good the only way you'll find out is when he honks driving out of your driveway or when the dead-beat tries to drive his car again :)

    I say this as a retired repo man from the Bay Area Calif :) A shitty job but it DOES PAY WELL.

    --
    errr....umm...*whooosh* *whoosh* Is this thing on ?
    1. Re:LOL by bobcat · · Score: 1
      True; you can't protect property with lethal force. However, you can try to prevent someone from stealing or damaging your property. If they try to harm you as you protect your property you can protect YOURSELF with lethal force. This is true in every state that I know of (with the possible exception of MA, but they are so screwed up that they make CA look sane).

      That being said, it wouldn't matter in this case. The Repo man is a representative of the legal owner of the vehicle. In reality, it would be more justifiable for the Repo man to protect himself while taking the vehicle.

      --
      -- Ziggy Sig Sig
    2. Re:LOL by FFFish · · Score: 1

      Well, sure, but the tech kid is stupid: he'll be blowing all his cash on fast cars, expensive meals out, and most of his net worth will be in overpriced company stock, that'll be completely devalued when the company folds! :-)

      --

      --

      --
      Don't like it? Respond with words, not karma.
    3. Re:LOL by FFFish · · Score: 3

      Let's see... $40K in debt after four years of college, plus the costs of having not earned $60K per year during those four years.

      Versus Repo Man, who socks away $60K for four years, compounding interest.

      I'll guarantee that Repo Man will have more money at retirement.

      --

      --

      --
      Don't like it? Respond with words, not karma.
    4. Re:LOL by matguy · · Score: 1

      well, also, take in to account since you have let you payments for the vehicle the bank still owns how can you be protecting your property?

      matguy

      --

      matguy(.com)
    5. Re:LOL by matguy · · Score: 1

      Ok, the bank may not legally have full ownership of it yet, but if you call the cops and they come, guess who ends up with the car?

      matguy

      --

      matguy(.com)
    6. Re:LOL by matguy · · Score: 1

      Also remember that Texas also still has the defense for murder of: "He Done Needed Shootin." (the wording may be different, same idea)

      matguy

      --

      matguy(.com)
    7. Re:LOL by um...+Lucas · · Score: 1

      The repo man would end up with the car, because he's acting as an agent of the owner of the title to the car... There might need to be a couple phone calls back and forth, but in the end the car's still not yours until you pay it off and get the title. Until that point the bank is basically letting you drive their car under the agreement that you're paying for it in installments, with interest...

      So, what was you point with this?

    8. Re:LOL by wesmills · · Score: 2
      obNitPick:

      When you purchase (not lease) a car, the vehicle is titled in your name, and the bank has what's known as a "Security Interest" in it. You still own the vehicle, but it has had a lien placed against it to provide some legal assurance to the bank that they will get paid (other than your word, shouldn't that be enough? ;). Basically, that interest says that the bank can repossess the car if you're not living up to your end of the bargin (making payments), and only after a decently long procedure to do so.

      The reason the bank holds the title is a function of the poor security for titles in most states. At least in Texas, all that's needed to release a lien is a signature of the "lienholder or authorized representative." If you had the original title, there'd be no (easy) way of proving that the signature on the title to release the lien wasn't valid, so why should the bank even bother? The fact that you own the vehicle is documented not only on the title, but on the non-negotiable/transferrable "Receipt of Ownership," or a valid-only-for-you title.

      The bank owns only the remaining balance in your vehicle insofar as they're the ones to whom you owe the money. Just like owning a house which is deeded in your name but which a mortgage lien has been placed against, you own the actual property and the bank owns the money that you owe them. This is why if your vehicle is repossessed (or your house foreclosed on) and they sell it at auction and recover more than you owe, the bank is required to refund to you the overage (usually minus any "fees and expenses" which almost always come out to the exact amount of that overage, funny that), since it was originally your property. Again, the only reason your lender can take the property is because of the security interest that you contractually agreed to.

      See also secured and unsecured loan.

      ---

    9. Re:LOL by jazman_777 · · Score: 2
      Not according to the article. Between 30 and 60,000 if I recall. Techies do that well almost out of college these days. 60K just doesn't seem enough for the amount of actual work involved.

      Yeah, but the Repo Man's car is paid off, and he's tracking down the techie's car for a nice "pop".
      --

      --
      Slashdot: Failed Car Analogies. Amateur Lawyering. Anecdote Battles.
    10. Re:LOL by Mononoke · · Score: 2
      Remember: In Texas, if a man comes into your home, it is legal to shoot him in the ass, but not legal to fuck him in the ass.

      Don't get those two mixed up.


      --

      --
      NetInfo connection failed for server 127.0.0.1/local
    11. Re:LOL by Dancin_Santa · · Score: 1

      A shitty job but it DOES PAY WELL

      Not according to the article. Between 30 and 60,000 if I recall. Techies do that well almost out of college these days. 60K just doesn't seem enough for the amount of actual work involved.

      BTW, have you seen my sleigh?

      Dancin Santa

    12. Re:LOL by Mister+Black · · Score: 1

      only in about 3 bass-ackwards states buddy. Protecting your property IS NOT a valid excuse for homcide.

      So I should let someone break into my home and kill me? I live in Texas, one of the states you mislabel as "bass-ackwards" and if you come popping into my home I'd shoot your ass and it would be legal. Protection of your life, liberty, and property as well as those of your family are perfectly good reasons to shoot an intruder in your home. Then again you don't necessarily need to shoot anyone. Merely let the intruder hear you load your pump action shotgun. Hearing that sound will cause a sphincter-pucker factor of about 11.

      God Bless Texas
      Mister Black

      --

      You are standing in an open field west of a white house, with a boarded front door. There is a small mailbox here.
    13. Re:LOL by Mister+Black · · Score: 1

      no...I don't know any of the [H]ardOCP guys. I'm just a guy in Austin, Texas.

      --

      You are standing in an open field west of a white house, with a boarded front door. There is a small mailbox here.
    14. Re:LOL by Mister+Black · · Score: 1

      Texas has some really bizarre alcohol laws (Among other things, I am a bartender and can say in all honesty that the Texas Alcoholic Beverage Commission (TABC) is insane - you Texans know what I'm talking about).

      As far as guns go, IIRC, you have to be 21 to buy a handgun or ammunition for a handgun. However, at 18 you can purchase a rifle or shotgun (as well as ammunition) since you're probably going to go huntin'.

      Here's a couple of images for you: one is of Austin and the other is a QTVR of Enchanted Rock which is about 150 miles away.

      I eat beef and I don't have a gun either, but I still have the right to go and buy as many as my heart desires. We have socialists here, they are unemployed university students.

      Hook 'Em Horns
      Mister Black

      --

      You are standing in an open field west of a white house, with a boarded front door. There is a small mailbox here.
    15. Re:LOL by Donutsarepretty · · Score: 1

      In Texas it's only considered self defense if you shoot them below the waist and if they are in your yard they have to be more than 8 ft. from the street (8 ft. of your yard is govt. property).

      --
      I live my life by the moon, if it's high play it low, if it's harvest go slow, if its full then go. -Nelly Furtado
  42. Re:Schadenfreude by Lemmy+Caution · · Score: 4
    The justice is that your Calvinistic sense of entitlement was part of a vast "I got mine, screw you" sense of indifference to those who weren't in the red-hot tech industry.

    My family is from Latin America. I have relatives that, I assure, have studied as hard and worked twice as hard as you do, and never even had a chance at the kind of lifestyle you were enjoying. There are physicists and doctors from the former eastern bloc that drive cabs in the US. During the boom, folks like you (although not necessarily you) smugly claimed that they *deserved* their wealth, which (since wealth is relative) is an implicit claim that others deserve their lack of it. That is what makes the comeuppance so sweet.

  43. Re:repo man? by Bob+McCown · · Score: 1

    "People just explode. It happens. Natural Causes" and, of course "Lets go do some crimes" "Yea, lets eat sushi and not pay" last but not least "Oh, you dont want to look in the trunk"

  44. Hardly from Apple by Paladeen · · Score: 1

    He is taking cars right out of all the big players (Apple, Intel, Cisco, Sun) parking lots!

    I don't believe he'll be taking any cars from Apple employees. Apple returned profit last quarter and hasn't been laying off any employees.

  45. Re:a repo man who knows the stock price of cisco? by madbrain · · Score: 1

    Actually it doesn't surprise me at all. Everyone in Silicon valley follows stock. For the past few years, I took the bus to work because I didn't have a driver's license. The bus driver was sometimes talking about the market with the passengers ! Monday I finally got a driver's license because I couldn't bear the bus' slow schedule anymore. I'm driving a new car (Toyota Prius hybrid) but there will be no reposession for me - I didn't take a loan for it and paid cash ;)

    --
    -- Julien Pierre http://www.madbrain.com/blog
  46. Re:This is why I drive a 4 door 4 cylinder family by madbrain · · Score: 1

    I bought a home in 1997 in Silicon valley - the only debt I've ever had in my life. I didn't drive, I had a bicycle and also used the bus. My boyfriend was driving me around when needed.
    My place does have a 2-car garage though because I planned ahead.

    Earlier this year I started taking driving lessons and got my driver's license monday. I'm driving a new car - but I paid cash for it, and it's an economy Toyota Prius hybrid. Small 4 cylinder engine (70hp) plus an electronic motor providing an additional 44hp. It gets about 45 to 50mpg average. It's a great car and it wasn't all that expensive. It's pretty high tech, with an LCD color touch screen in the middle showing the consumption and for some controls like the stereo. What I like the most is that it's so quiet, especially at low speed, when only the electric motor is running !

    --
    -- Julien Pierre http://www.madbrain.com/blog
  47. No, greed by peter303 · · Score: 2

    Many of the people in the article were living beyond their means and ripping off lenders. Considering the best place to find luxury cars in the article was swanky restaurants. If they cant pay thier loans, whey are they buting $100 meals?

  48. Rich people are gods and demons! by peter303 · · Score: 2

    When some people were doing very well during the InterNet bubble, there was no shortage of articles admiring and envious of those smart and lucky to make a fortune.
    Now during the downtown the media is going to the other extreme and amusing us on the misfortune and greed of others.

  49. Re:This is why I drive a 4 door 4 cylinder family by Jeremi · · Score: 1
    Overspending is a serious problem in our society. Why don't people value living within their means?!

    Perhaps it is because their TV set, their government, their magazines, and practically everything else in our culture is constantly urging them to buy, buy, buy! Gotta keep the economy rolling, you know....

    --


    I don't care if it's 90,000 hectares. That lake was not my doing.
  50. Re:Repo Man leads to odd perks by Raven667 · · Score: 3

    That's not good at all. If these companies really wanted to help they would encourage their people to give the cars back and help out with the carpooling.

    --
    -- Remember: Wherever you go, there you are!
  51. Re:awesome. by Wiseleo · · Score: 1

    M5, 750iL
    --
    Leonid S. Knyshov

    --
    Leonid S. Knyshov
    Find me on Quora :)
  52. Almost did this mistake. by Wiseleo · · Score: 1

    My dream is a Mercedes SL500 - who can blame me? :)

    I found an extremely limited edition of it (97 La Costa edition, 30 made) in just the color scheme I wanted at 45K with 45K miles.

    I know what I am doing, so I can afford this even now. However, when I called up my insurance company and checked overall monthly payment with decent conditions, that amounted to $1200-1400/month over everything I am paying now on my Rav4 '00. I decided for that price I can rent an SL-500 or a Ferrari a couple of times a month and have cash leftover if I wanted to.

    Now my $2000/month is in a 6.5% moneymarket account and it makes money instead of being a liability. I'll buy my SL soon enough :-)
    --
    Leonid S. Knyshov

    --
    Leonid S. Knyshov
    Find me on Quora :)
  53. not just in the valley by Scudsucker · · Score: 2

    I chatted with a guy who works for a telecommunications firm in Little Rock, AK. The repo business has been big business for as long as he's been there (long before the dot-com crash). Seems that the ratio of people who care more about appearances than a decent standard of living is pretty high.

    Its not uncommon to find a twenty something guy who drives around in a $40,000 car and a nice pair of clothes. But those are the *only* decent clothes he has, he lives in an efficiency (bare bones cheap housing) and works full time at McDonads and Wendys to pay for his car.

    The guy I talked to parks in a lot that takes 5,000 or so cars, and half a dozen visits from repo guys are not uncommon. He also said its a great place to sell used cars. :)

  54. Steven Wright, if you please: by Pope · · Score: 2

    "One day I came home, and accidentally stuck my car key in the lock instead of the house key. To my surprise, it started right up. So I took it for a spin.
    I parked it in the middle of the Interstate, and started yelling at all the drivers to get the hell out of my driveway."

    Pope

    Freedom is Slavery! Ignorance is Strength! Monopolies offer Choice!

    --
    It doesn't mean much now, it's built for the future.
  55. A button I own by Pope · · Score: 2

    "The more you drive, the less intelligent you are"

    I ride a bike, and read on the subway when the weather sucks :P

    Pope

    Freedom is Slavery! Ignorance is Strength! Monopolies offer Choice!

    --
    It doesn't mean much now, it's built for the future.
    1. Re:A button I own by debaere · · Score: 1

      Hey! A fellow biker! And I assume, from your website URL, a fellow Canadian.

      I walk or bike everywhere I go. (not an easy thing to do in Windsor, ON) Everyone around me complains about the price of gas, insurance, parking etc. and I just laugh at them. I spent $200.00 on my bike a year ago, hasn't cost me a single penny since, and I've lost 10Kg's to boot.

      DOS is dead, and no one cares...

      --

      DOS is dead, and no one cares...
      If there's a Bourne Shell, I'll see you there
  56. Re:Enjoyable... read on by Rainy · · Score: 1

    But then you won't get as much of a kick out of having. The thrill of having is part realization that not having would make you miserable. You can't have eat a cake and have it as well.

    --
    -- ATTENTION: do not read this sig. It doesn't say much.
  57. Re:Enjoyable... read on by Rainy · · Score: 1

    Fight club was just a dumb-ass movie pretending to be philosophical. It was kind of funny that dumbasses got fooled by this pseudo-insight of the movie and hated it, even though it was meant for them. Oh well.

    --
    -- ATTENTION: do not read this sig. It doesn't say much.
  58. Au contraire by DamnYankee · · Score: 1
    Options have a time limit. If they are not exercised before that limit they are worthless. This is why many folks have exercised options, not mere stupidity.

    And holding stock in a hot company in an up market is *smart*, not stupid. You can't blame folks for lack of 20-20 foresight for the current market conditions unless their name is Uri Geller.


    I was thinking of the immortal words of Socrates, who said, "I drank what?"

    --

    Life is a tale told by an idiot, full of sound and fury, signifying nothing.
    William Shakespeare

    1. Re:Au contraire by mindstrm · · Score: 4

      Okay. Yes, options have a time limit, usually several years, or near termination of employment. I don't believe it is common practice to have options that must be exercised soon after they vest.

      Holding onto stock in a hot market is smart, yes.
      Not having the cash to cover a tax liability you cannot escape is *stupid*. You should at least sell enough to cover the tax on the option benefit, else you simply put yourself at greater risk.

      This is not about foresight, it's about risk. If you invest in some hot company on the market, you only risk your investment, no matter how volatile the stock is. Better even, if the stock bottoms out, you can at least use the capital loss against your other capital gains.
      A stock option benefit is a different matter altogether. the moment you exercise, you incur a taxable benefit. You WILL have to include it in your income for tax purposes, and WILL have to pay whatever tax you owe on it. So it only makes sense to ensure that you can pay up, otherwise, you are taking a big risk.

  59. Diuretics by GW+Hayduke · · Score: 2

    The science of matter over mind... It seems that Mr. Nesmith's predictions of the early 80's may be true...
    "You ever feel like your mind is going to explode???... You ever been to Utah?" - J. Frank Parnell
    "Find one in every car, You'll see" - miller

    Attention Moderators: before going ape on my karma, please check out http://us.imdb.com/Details?0087995 for a better understanding of my comments as well as the parent threads... Great movie with an even better soundtrack!!

    --
    -- Life: Hate the Game... Love the cereal
    1. Re:Diuretics by dj_flux · · Score: 1

      "Since time is short, and you may lie, we're going to have to torture you. But I want you to know, it isn't personal." - Agent Rogers

    2. Re:Diuretics by tony+clifton · · Score: 1

      Sometimes people just explode. Natural Causes.

    3. Re:Diuretics by antek9 · · Score: 1

      Don't want no commies in my car. - - No christians either!

      --
      A World in a Grain of Sand / Heaven in a Wild Flower,
      Infinity in the Palm of your Hand / And Eternity in an Hour.
    4. Re:Diuretics by haruharaharu · · Score: 1

      Heh, Diuretics make you pee. Dianetics is Hubbards con job, designed to make you a Scientologist and drain your wallet.

      --
      Reboot macht Frei.
  60. Happened to me.. read on... by mindstrm · · Score: 2

    People who exercise options and just hang onto the stock are being incredibly stupid, or are severely misinformed. There is *NO REASON AT ALL* to do such a thing. Simply holding the options harbors no risk at all. There is absolutely no need to exercise until you want to sell.

    You can exercise, and then have your broker shortsell on the exercise date to recover your costs. Or before, if you want (slight risk if the stock goes up before exercise date).If you short it and your exercise date is a day or two later, and the stock drops, all the better (you incurr a slight capital gain on top of the option benefit, but that's good)

    Blaming the fall of silicon vally on this option benefit tax is rediculous; again, there is absolutely no reason to exercise the options until you are ready to sell. The options themselves harbor no risk, but if you exercise, you open yourself up to a dangerous tax liability.

    Also... (this is how it works in Canada)... capital losses can only be used to offset capital gains... so the massive capital loss you get in your scenario doesn't help you at all unless you happen to have some large capital gains elsewhere.

    I made the mistake of not selling all the stock I exercised, and it cost me dearly. It's silly that I have to pay tax on money I never really had... but I knew the risk beforehand. If you ask me, stock option benefit should be capital gains, not income... but unfortunately, it's not.

    Cheers.

    1. Re:Happened to me.. read on... by Zeinfeld · · Score: 2
      You can exercise, and then have your broker shortsell on the exercise date to recover your costs.

      At which point you have performed a 'constructive sale' and are liable for tax as if you had sold the shares.

      If you talk to a high level broker they have legal scams that wont get you into jail. Only catch is they won't speak to you unless you have at least $5 million to invest.

      Trying to find an adviser that understands the AMT system is next to impossible. The idiots at H&R block are not going to be taught the stuff on their 15 minute 'training video'. Basically once you have paid a big AMT bill on stock that dropped you can get the money back but it sorta involves exercising more stock that does not crash.

      --
      Looking for an Information Security student project suggestion?
      Try http://dotcrimeManifesto.com/
  61. I understand.. but.. by mindstrm · · Score: 2

    Let's say you exercise 2000 options, say, to buy a stock at $1, and it's now at $11 . The benefit you will be taxed on is $10 x 2000 = $20,000 of added *income* (not capital gains). If you then sell, say, 500 shares at the same price, earning you 500 * $11/share = $5500 bux to put away for tax. There is not a dime of capital gain in this situation. Your 'purchase price' for the stock, for gains caluclation is the fair market value on the day you exercised, not your option price, because you already incurred a taxable benefit on the difference between the fair market value and your option price. You don't get taxed twice for the same thing.

    To repeat, the instant-money you make from exercising stock options is not a capital gain, it is a taxable benefit (income). You did not invest and have your capital increase in value, you purchased something that was worth more than what you paid (just like if you buy a house for $1, they tax you on the market value of the house anyway).

    Cheers.

  62. Re:Good point!! by mindstrm · · Score: 2

    So what you are really saying is, if you have to exercise, and you think the stock has a good chance of more growth, you should let it stay, but have some standing sell orders in case the stock drops, to cover your tax liability.
    That makes good sense, but of course, if it DOES drop, you end up with less money than you otherwise would have had...though you can cover your taxes. It's just another calculated risk.

    And about getting the advice of an accountant.. ABSOLUTELY, WITHOUT QUESTION, you should do this. I sure wish I had. (I ended up paying a great deal more tax than planned this year simply because I didn't know I had to file a simple piece of paper with my employer to defer an option benefit into next year. Or more accurately, because I waited too long to get professional advice.)

    Cheers.

  63. On the other hand... by SuperKendall · · Score: 1

    How many of us are just building beautiful and sophisticaed systems that will die when the company runs out of funds in three months? In a way, that's almost more tragic...

    --
    "There is more worth loving than we have strength to love." - Brian Jay Stanley
  64. Good point!! by SuperKendall · · Score: 1

    That is an excellent point, I had forgotten that the difference between the option price and the excercise price is trated as normal income, and is not subject to capital gains tax.

    However, even though I was totally off-base about needing to hold the stock to avoid capital gains, I still think it would be a good plan to hold on to the stock with a sell order on some shares at a level to cover the tax bill for your gain in income. At least then you can get as much benefit as possible out of the stock.

    If I ever do have options I need to excercise I mean to get the advise of a professional accountant (which it would appear I need quite badly!)

    Again, thanks for the correction. I also thought your explanation at the end was an excellent way of phrasing simply why it would be income and not a capital gain.

    --
    "There is more worth loving than we have strength to love." - Brian Jay Stanley
  65. Not nessicarily - capital gains rates differ by SuperKendall · · Score: 3

    At the company I work for, you can only hold options for four years after you receive them. They have some additional screwey properties that mean you might very well want to exercise them long before the time limit, but I won't go into that here...

    I really wanted to address the point of selling enough stock right after you excercise to pay for the taxes. The issue I have with doing that (and I think one reason why perhaps a lot of people didn't sell stock as soon as they exercised) is that then you pay short term capital gains taxes if you sell the stock right away, whereas you only have to wait a year to pay long terms capital gains and a LOT less in tax! If I had exercised anything last year I'm pretty sure I would have been screwed over as well, since I would have figured just waiting one year was probably safe...

    Now that we are all wiser, what I would do after exercising is to set aside a certain amount of stock with a sell limit set at an amount to cover my tax liability should the stock price drop. That way I potentially get the benefit of selling all my stock at the long term rate, but also am covered in case the stock really tanks. Of course, using that system you could be hosed by temporary dips but I figure you could set the selling point fairly low if you had some other savings or assets you knew you could rely on to cover losses (though of course as the original poster said, it's pretty painful to have to pay for money you never saw).

    --
    "There is more worth loving than we have strength to love." - Brian Jay Stanley
  66. Re:This is why I drive a 4 door 4 cylinder family by ce25254 · · Score: 1

    Good advice. How I wish my parents hadn't *encouraged* my short-lived interest in SUV's back when I started working (pre-dotcom '93). I bought an expensive Jeep, which had me strapped until I finally sold it so I could get on with life and buy a house.

    Now the only debt I carry is a mortgage. Overspending is a serious problem in our society. Why don't people value living within their means?!

  67. Your Money or Your Life by ce25254 · · Score: 1

    This book is probably a much better read. I've heard Kiyosaki on the radio and don't like his approach at all.

  68. The last line was the best... by BadmanX · · Score: 5

    Lottery tickets in the glove boxes of expensive cars purchased by once-rich executives. I love it.

    1. Re:The last line was the best... by The_Messenger · · Score: 1
      Steve Jobs? Steve Jobs, is that you? Hey, goodbuddy, why'ntcha get me a cuppa joe? There might be somethin' in it for ya, *wink* *wink*!

      Ah, that Stevie, he's a good kid, it's a shame he won't never make nothin' of hisself.

      Hey, Stevie, thanks! *sip* mmmm, that's some good coffee. What? Oh yeah, how could I forget! Here's some compensation for ya trouble my boy, a SHINY NICKLE! Hey now, don't spend it all in one place!

      Yep, Stevie's a good'un alright. Too bad about Apple, they made some right fine... uh... uh... well, the boxes that the iMacs came in were always very sturdy, yessir, in fact I reckon Stevie was able to put all of his belongings in one when he had to leave the comp'ny. Yessiir, some mighty fine boxes.

      Hey now, whassat Stevie? Well, lookit that! Steveie done found hisself a magic rock! Well why dontcha make wish on 'er, Steve? Well, that's just amazin', Steve my boy, y'all just run along now with your magic rock.

      Ah tell ya, maybe that Stevie ain't right in the head after all...

      Stevie! Whatchoo doin', boy, paintin' that rock in pastel colors like a sissy! Why can'tchoo have painted it black, like you did in the 80s? Why Stevie, mayhap you should lie down and have a little rest.

      That Steve Jobs... you never know what he'll do NeXT!

      --

      --

      --
      I like to watch.

  69. The key sentence... by Polo · · Score: 4
    The key sentence was:

    • like most other repo men, he owns his car outright.

    Too bad I can't say the same about all the code I've written... :-)
  70. Re:stupid lottery.. by spectecjr · · Score: 1

    .. Did you notice the story from msnbc didn't mention him repo'ing from any MS employees?

    That would be because he was a silicon valley repo-man, not a Redmon or Austin repo man.

    Simon

    --
    Coming soon - pyrogyra
  71. Re:stupid lottery.. by spectecjr · · Score: 1

    I already knew that -- and it's tiny compared to the Redmond and Austin campuses.

    Simon

    --
    Coming soon - pyrogyra
  72. pity the repos by Basturdo · · Score: 1
    Through most of the 1990s, much of the repo industry struggled because of tighter bank-lending practices and recession-stung consumers who were careful not to overextend themselves.

    At which point they had to turn on each other and snatch each other's cars.

  73. Re:feel sorry for the man by Znork · · Score: 3

    Well, actually he is restoring the cars to their rightful owners, which might make it a bit better (remember, if those people default on their loans, _you_ will get the pleasure of paying for it one way or the other).

    And the systems built by a lot of the bombed dot.commers were neither beautiful nor sophisticated, nor used by very many people apparently. Paid for by money conned out of the inexperienced and gullible in a lot of cases too.

    So the choice isnt exactly as clear cut as you might think.

  74. Re:stupid lottery.. by rocketjesus · · Score: 1

    Microsoft has a very large campus in Mountain View (read: in Silicon Valley). It's on La Vienda off of Shorline. You can see it from the 101.

    Just thought you'd like to know.

  75. Re:Schadenfreude by SpinyNorman · · Score: 2

    Justice? No-one owes you a job, no matter how smart or hard working you are. It's up to you to handle your own life, and find your own way to make a living. It's your choice if you stay in the midst of the layoffs living off your savings - other people might choose to move someplace else where they can get a job.

  76. Re:Sorry.......Been there done that, got the T-shi by Zurk · · Score: 1

    i'll second this one. i've always done the same thing mainly cause im a geek and have zero interest in stuff thats expensive. bought a really expensive laptop (well...it woulda been expensive if it was new...got it secondhand in good condition of ebay for 1.4K$), pay rent, food, clothing, occasional entertainment and travelling..thats it. musta spent 5K or so in travelling/vacationing (put it under entertainment) and 10-12K in rent plus 10K in food+clothing. paid 15K odd in taxes. saved 30K which got dumped into a bank account in 1 year.... its not for everyone but its a fairly decent existance i think...i can prolly buy a house/car in cash in 8 yrs or so at this rate..although i have little interest in doing so..more interested in travelling at this stage. im reasonably happy so i guess im doing something right. and i still have a job.

  77. Re:Repo Man leads to odd perks by mgoff · · Score: 1

    and w/o leaving license plate images on the security cameras (so trespassing charges can't be filed)

    According to the article, repo men have the right to enter private property to retrieve their customers' property. Hence, no trespassing charges could be filed. Now a locked parking area, that's a different story....

  78. It isn't their turn yet. by dmaxwell · · Score: 1

    As much as I love the idea of Microsoft getting their just desserts, I doubt that it is happening much. People who are making money don't get their cars repoed. I'll grant that many here don't like some of the ways that Microsoft is making it's money. However, people who are making money by whatever means tend to make their car payments. If you want to see the towtrucks in Redmond's parking lot then lets hope that .NET turns out like BOB. If that should happen (NOT!...damn it!) then let's hire an elementary school student body to come out to the parking lot in cute little Tux costumes to perform "Ding dong the wicked witch is deeeeaaaaad!" Now Eazel on the other hand.......

  79. Re: beemers cant play mp3s by jazman_777 · · Score: 2

    But their hardware runs well without Windows; find it here.
    --

    --
    Slashdot: Failed Car Analogies. Amateur Lawyering. Anecdote Battles.
  80. Re:Repo Man leads to odd perks by QuantumG · · Score: 1

    wow that's great! Now the bank can sue your company for aiding you to defraud them.

    --
    How we know is more important than what we know.
  81. Re:Why do people think they're successful? by QuantumG · · Score: 3

    when they still work for someone else?
    I wouldn't call this work.

    when they still have to act a certain way,
    Havn't noticed any change.

    dress a certain way,
    t-shirt and shorts, no shoes, same as always

    or be in certain places at certain times?
    Meetings suck, but if I didn't go I wouldn't cop too much shit.

    when being without a few paychecks would mean losing your toys, or even your home?
    have neither a home nor toys I own (well, there is that laptop..)

    when I started enjoying success in a high-tech job I didn't go out and buy a bmw.
    me either

    I drive a 60's model volkswagen.
    dont drive.

    I didn't "buy" real estate in california either.
    why would you want to live here for longer than you have to? It's a fucking suburb, everything is too far apart, there's nothing to do here, the pubs close at 2am, and most of em only serve beer and wine anyway.

    what the fuck were you people thinking?
    They weren't, they were reacting to the wants and needs that have been driven into them by society.

    that you shit gold and pee perfume?
    Indeed.

    --
    How we know is more important than what we know.
  82. Re:Schadenfreude by 1010011010 · · Score: 4

    Heehee...

    "Sun Microsystems. We put the dot in 'OH SHIT, WE'RE BROKE!'"

    - - - - -

    --
    Napster-to-go says "Fill and refill your compatible MP3 player", which is a lie. It's not MP3. It's WMA with DRM.
  83. Re:sounds good n ecological to me by ErikZ · · Score: 1

    That's an interesting idea, almost impossible to impletement. What do you do when you change jobs? Move every time?

    Don't most tech jobs not last that long?

    --
    Democrats or Republicans. They are both taking us to the same place and they are not afraid of us anymore.
  84. Oh please! by Gorimek · · Score: 2

    As tragedies go, some rich people getting a little less richer is hardly
    much to brag about. Almost all those people are skilled professionals and will get new jobs soon, and do fine, just not with millions rolling all around them.

    The repo people don't get the kick from the human misery, but from the business opportunity and chance to put some more and better food on the table. These guys make $30-60k, live in Silicon Valley, and you expect them to feel sorry for overspending tech workers?

    Like the guy said, when it's real human misery, he does feel bad about it.

  85. Enjoyable... read on by joq · · Score: 3
    Nice to know how practical one needs to be in life in order to still maintain a sense of happiness. So while this may be -1 trolled here I figured I would inject some substance on materialism.


    Acquiring material things or not acquiring them; happiness or unhappiness; interesting or uninteresting sounds; praise or criticism: They are all the same to me.'

    It is easy to understand how it can be a problem not to acquire things, to be unhappy, to hear uninteresting sounds, to have a bad reputation, to be criticised. These are commonly recognised as problems. But you might not recognise acquiring things, having comfort and happiness, hearing interesting sounds, having a good reputation and being praised as problems. However, they are all the same; they are all problems.

    But the object itself is not the problem. Having wealth is not the problem. So, what is the problem? The problem is the mind desiring and clinging to wealth - that is the problem. Having a friend is not the problem; the mind clinging to the friend makes having a friend a problem.

    Desire makes having these four material things, comfort, interesting sounds, praise - a problem. If there's no desire, no worldly concern, having or not having these objects does not become a problem.

    You might be sleeping comfortably one night when suddenly your sleep is disturbed by a mosquito biting you. If you have strong worldly concern, strong desire for comfort, you will be very annoyed at being bitten by the mosquito. Just being bitten, by just one mosquito. It is nothing dangerous, nothing that can cause any serious disease. The mosquito takes just a tiny, tiny drop of blood from your body. But seeing that mosquito's body filled with your own blood, you are shocked. You become angry at the mosquito and are upset all night. The next day, you complain about the mosquito all day long. "I couldn't sleep for hours last night!" Losing sleep for one night, or even a few hours, is like losing a precious jewel. You are as upset as somebody who has lost a million dollars. For some people, even such a small problem becomes huge.

    There are also people who desire so much to be praised and respected by others. If you ignore such people and walk past them with your nose in the air, or say just one or two words disrespectfully, something that they don't expect to hear, it causes great pain in their minds. Or if you give them something in a disrespectful manner, whether purposely or not, again there is great pain. For such people with so much expectation, so much clinging, the pain from even a small physical action that they dislike is great. It feels like an arrow has been shot into their hearts.

    Suddenly anger arises strongly. Suddenly their body becomes very tense. Their face, relaxed and peaceful before, now becomes kind of terrifying - swollen and tight, with their ears and nose turning red and the veins standing out on their forehead. Suddenly their whole character becomes very rough and unpleasant.

    The greater people's desire to receive praise and respect, the greater the pain in their heart when they don't get it. It is similar with the other objects of desire. The stronger the desires for material things, comfort, interesting sounds, and praise, the greater the pain when they experience the opposite.

    If you expect that a friend will always be pleasant, smiling, respectful, kind, and always do what you wish, but one day they unexpectedly do some small unpleasant thing, that tiny thing causes an incredible pain in your heart. All this is related to worldly concern, to how strongly you desire something. The less desire you have for the four desirable objects, the fewer problems you will have when you meet the four undesirable objects. Less desire means less pain. If you cut off clinging to this life, there is not hurt when you experience criticism or do not receive something, because there is no clinging to praise or receiving things.

    In the same way, when you do not cling to the expectation that your friend will always be nice to you, always smile at you, always help you when asked, there is no hurt when your friend changes and does the opposite to what you desire. There is no pain in your heart. Your mind is calm and peaceful. By cutting off the desire that clings to the four desirable objects, you don't have a problem when the four undesirable situations happen. They cannot hurt you, cannot disturb your mind.

    The thought of the worldly dharmas clings to the four desirable objects of this life. Without this thought, there is so much calmness and peace in your mind that meeting the four undesirable objects doesn't bother you. And meeting the four desirable objects also doesn't bother you. If someone praises you, it doesn't matter; if someone criticises you, it cannot disturb your mind. There is stability in your life, and peace of mind. There are no ups and downs. This is equalising the eight worldly dharmas.

    How do you keep your mind peaceful when problems happen? How do you protect your mind so that experiencing the four undesirable things does not disturb you? By realising that clinging to these four desirable objects is the problem. You have to realise the shortcomings of these four desirable objects and abandon clinging to them. This is the basic psychology. If you use this method, undesirable situations will not disturb you.

    Learn life
    1. Re:Enjoyable... read on by phliar · · Score: 1
      You're a buddhist, aren't you!
      The greater people's desire to ... the greater the pain in their heart.
      That's it right there. The Fourth Noble Truth. It doesn't matter what the desire is for; undue attachment causes suffering.

      --
      Unlimited growth == Cancer.
    2. Re:Enjoyable... read on by niteshad · · Score: 1

      You might be sleeping comfortably one night when suddenly your sleep is disturbed by a mosquito biting you. If you have strong worldly concern, strong desire for comfort, you will be very annoyed at being bitten by the mosquito. Just being bitten, by just one mosquito. It is nothing dangerous, nothing that can cause any serious disease.

      Actually, this is totally incorrect in some parts of the world. The Anopheles mosquito carries Malaria, and transmits it to humans when it bites them. Also, mosquitoes are known to carry other diseases such as West Nile Virus. While I do agree with many of the tenets of Buddhism, this statement is ironic in light of the fact that many of the world's large Buddhist populations live in areas where malaria is prevalent (e.g. India, Indonesia, and SE Asia.

      --
      To email me,subtract my nick from my email address, starting with the second character. (hint: adto.uiuc.edu is wrong)
    3. Re:Enjoyable... read on by etymxris · · Score: 1

      Fight Club was about anarchy, not nirvana. The movie was about making those things that made us humans first matter more. That is, life is more interesting and engaging when you have to fight to live, fight to eat, and so on. You never hear of people in starving African tribes going through existential crisis. That only comes when you have everything else. When you have all the basics, you can strive to acheive "unimportant" things, like status and money, you can simply not care, like the original poster was suggesting, or you can throw it all away and try to get it again, like Fight Club was suggesting. But this last option is anarchy, a far cry from inner peace.

    4. Re:Enjoyable... read on by horatio · · Score: 1
      But the object itself is not the problem. Having wealth is not the problem. So, what is the problem? The problem is the mind desiring and clinging to wealth - that is the problem. Having a friend is not the problem; the mind clinging to the friend makes having a friend a problem.

      Paul had this to say in his first century letter to Timothy...now part of the Bible:

      For we brought nothing into the world, and we can take nothing out of it.
      But if we have food and clothing, we will be content with that.
      People who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge men into ruin and destruction.
      For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.
      - 1 Timothy 6:7-10
      Money itself does not lead to greed and the repo man coming to take your stuff away ... but desiring money to the extent that it consumes you (or the objects that money can be exchanged for) is a downward spiral to destruction. All those guys who were so upset, and even embarrased to come and talk to the repo man? Did those guys control their money, or did the money control them? :/

      We will desire things. That is our nature, to desire more. We cannot suddenly "stop" desiring. To do so is unhuman. However, do we desire investing in material gain, which the repo man can come and take away, or could be stolen by a thief, or in relationships with those around us? Hmm.

      --
      There is very little future in being right when your boss is wrong.
    5. Re:Enjoyable... read on by mother_superius · · Score: 1
      Reminds me of Fight Club... "My collection was almost complete." "I would flip through catalogs and wonder what kind of dining set defines me as a person?" "I had everything in that suitcase. My C.K. shirts, my D.K.N.Y. shoes, my A.X ties."
      And then comes Tyler.
      Jack: I don't know, it's just...when you buy furniture, you tell yourself: that's it, that's the last sofa I'm gonna need. No matter what else happens, I've got that sofa problem handled. I had it all. I had a stereo that was very decent, a wardrobe that was getting very respectable. I was so close to being complete.
      Tyler: Shit, man, now it's all gone... Do you know what a duvet it?
      Jack: A comforter.
      Tyler: It's a blanket, just a blanket. Now why guys like you and I know what a duvet is? Is this essential to our survival? In the hunter-gathered sense of the word? No. What are we then?
      Jack: consumers.
      Tyler: Right. We're consumers. We're by-products of a lifestyle obsession. Murder, crime, poverty -- these things don't concern me. What concerns me is celebrity magazines, television with five hundred channels, some guy's name on my underwear. Rogaine, Viagra, Olestra.
      Jack: Martha Stewart.
      Tyler: Fuck Martha Stewart. Martha's polishes on the brass of the Titanic. It's all going down, man! So fuck off, with your sofa units and your green stripe patterns. I say never be complete. I say stop being perfect. I say let's evolve and let the chips fall where they may. But that's me, I could be wrong, maybe it's a terrible tragedy.
      Jack: No, it's just stuff.
      Tyler: Well, you did lose a lot of versatile solutions for a modern life.
      Jack: Fuck, you're right.... No, I don't smoke. My insurance will probably cover it, so...
      Tyler: The things you own, end up owing you. But do what you like, man.

      The IKEA, the starbucks... he realizes he'll always be unhappy chasing after things. The problem is not what he has but that he wants more. It's also like my mom. She gets tons of plastic surgery to make herself feel better. She doesn't realize that her problem is not that she doesn't look good enough, but that she is unhappy with herself.

      Of course, most people think Fight Club is only about people hitting each other because they're mad at the world, etc. etc.

    6. Re:Enjoyable... read on by mother_superius · · Score: 1

      Nonetheless, the anticonsumerist message is there.

  86. Re:repo man? by dj_flux · · Score: 1

    "It's too late - you already are."

  87. Re:an ordinary person spends his life by dj_flux · · Score: 1

    "The life of a repo man is always intense." - Bud

  88. How GROOVY! by Jace+of+Fuse! · · Score: 1

    What your saying is that we should all become heartless, uncaring, unmotivated individuals!

    I AGREE! That will SURELY make the world a more peaceful place... after everybody has DIED from apathy!

    I'm ALL FOR IT!

    "Everything you know is wrong. (And stupid.)"

    --

    "Everything you know is wrong. (And stupid.)"

    Moderation Totals: Wrong=2, Stupid=3, Total=5.
  89. ah, well by joenobody · · Score: 2

    Hey, don't get down about it, look at it this way: somebody has to free() the malloc()s.

    --

  90. In the land of silicon... by Kennarth · · Score: 2

    All your cars are belong... nevermind. Couldn't help myself.

    --

    --
    The vastness of space and time, and I end up here?
    1. Re:In the land of silicon... by F_Scentura · · Score: 1

      this one was kinda funny, at least. *shrug*

  91. Re:awesome. by joe52 · · Score: 1

    If you know someone that bought a BMW and payed over $100 000 US, send them my way, I've got some swampland I've been meaning to get rid of.

    Kidding. I just can't think of which ones cost over $100k, to be honest.


    The Z8 comes to mind, but that's about it (and there aren't many of them to be had).

  92. Perhaps Uncle Sam caused some of this... by ebrandsberg · · Score: 2

    One thing I haven't seen here is the flip side. People are saying "they should have lived in their means" yet many of these people DID live in their means. The tax code, however, screwed them out due to some quirks in it. If you owned options and exercised them, many times you have to pay taxes on the price of the stock AT THE TIME YOU EXERCISE the stock, not how much you sell the stock for. This is taxed as income, and there is pretty much NO WAY TO AVOID IT. If the stock goes down after you exercise it, then you can take a capital loss off the stock, but you can only write off $3,000 a year for that. So, if you excercise 1000 shares of stock that was values at the time at $100 and your strike price was $10, then it dropped back to $10 and you sold, then you would owe taxes on $90,000 of income you never saw. Put that on even a fairly good income and you would see why many people in the valley are screwed. Lots of people didn't see it coming till it was too late as they have never seen this type of money, and the tax advisors never told them about the risk of excercise and holding stock. People know about it now though...

  93. Funny, I just saw this on Lone Gunman by big_hairy_mama · · Score: 1

    ..just five seconds ago on FOX. The dumbass got his car jacked.

  94. Re:awesome. by Apotsy · · Score: 1
    Aston Martin DB7, we're talking $170,000 at least. Loverly car compared to a junky BMW... and British to boot.

    Yes, and British cars are known for their reliability!

  95. Re:My personal bubble of 2K by LordNimon · · Score: 1

    Maybe if you had some real skills you wouldn't have such problems. "Web consultant" - what kinda of sissy-ass job description is that?
    --
    Lord Nimon

    --
    And the men who hold high places must be the ones who start
    To mold a new reality... closer to the heart
  96. Re:Very dangerous job by slykens · · Score: 1
    There was a story about this on TV a few years ago in Texas. As you may know, in Texas, at night, it is perfectly legal to shoot first and ask questions later once someone is on your property...

    Well, this guy had lost his job, wife, dog, pants, whatever, and low and behold awakes to someone breaking into his truck. He promptly opens the door and fires off a few rounds. The repo man made it about half a mile before giving it up in a ditch. The next morning this man went to see what all to commotion down the road was about. When he approached the investigating officer and said, "Sir, I shot that man last night because I thought he was stealing my truck," the officer responded with, "Ok, sir. Thanks. You have a good day."

    As a side note, justifiable use of force is covered under Pa. Consolidated Statues Title 18, Sections 505-507. Deadly force is (almost) never authorized for the protection of property, however, if the bad guy(tm) enters your house and you reasonably believe he is going to hurt someone inside, you can feel free to shoot him. ie You are not required to retreat in your own dwelling in PA.

    Section 507 - Use of Force in Protection of Property in PA

  97. Schadenfreude by phliar · · Score: 1
    And this is News For Nerds, Stuff That Matters - how?

    People live beyond their means everywhere. Silicon Valley is no different from Lincoln NE.

    --
    Unlimited growth == Cancer.
    1. Re:Schadenfreude by phliar · · Score: 1
      These people *knew* they were in a speculative bubble, and just chose not to recognize it.
      It takes a remarkable person to step back from hysteria and recognise it.

      Do you have any numbers on how many people actually lived all the stories about hype-crazed Gen X dot-com scumbag yuppies who rushed out and bought BMWs thinking the stock price would keep going up?

      Here's a clue: I live in San Francisco and was right in the middle of the whole thing; and I saw many companies go bust, and many friends, acquaintances [and well-wishers, in that they wish me no specific harm] get laid off. How many of them actually behaved that way? None.

      However I know many people who over the years have been with successful companies and have bought large expensive automobiles. (I am not one of them - I spend my money on airplanes.) The article said that AEACU [happens to be my bank] had 150 repos this year, up from 75 last year. How many auto loans do they write a year? 200? Or 20,000? That would certainly make a difference.

      In short, the article - and Slashdot's selection of it for the front page - is pure sensationalistic garbage. "I may be trying to get rich, and I live a richer life than I need to, but hey, at least I'm not one of those dot-com yuppie scum who are getting their BMWs repoed! Woo-hoo! Schadenfreude.

      --
      Unlimited growth == Cancer.
    2. Re:Schadenfreude by e_lehman · · Score: 2

      Sounds pretty rough.

      Lots of people decided to get into the tech world for solid reasons-- like, tech is what they enjoy and do well. But for the last few years, the tech sector has been pulled through a violent boom/bust by Wall Street investors, buzzword babbling bimbos on CNNfn, and "visionary geniuses" revealed as blowhards. All their hot air made for a turbulence ride even down at ground level. For a while it was fun like a roller-coaster, but now it mostly makes you puke. I think a lot of us would have preferred to skip the whole up-and-down, "new economy" bullshit trip and just do good work.

      I hope things look up for you soon!

    3. Re:Schadenfreude by chipuni · · Score: 3
      Before I came to Silicon Valley, I studied hard. I got a Master's degree in Computer Science from a top engineering school. I got several years of study toward a Ph. D.

      I worked my way up from the bottom of Silicon Valley. When I started as a programmer here, I was making a salary below the poverty line, because it was the only company that would hire me. (I didn't have experience.)

      After a year and a half of that, I finally got my first 'break': a major company wanted me. I moved to them for a year, and I was miserable. Better salary, but a lot more bullshit on the job.

      I got my second, and what I thought was my greatest 'break'. A small company would hire me for the same salary that the major company was giving me. I didn't change over for the money. I did it for the chance to do something more intesting, less boring, and with bosses that didn't have Redwoods up their asses. (The business was a consulting business. No one expected to get super-rich from any stock options, even if the company ever went public.)

      For eight months, the small business thrived. It was the best time of my life. I was creating software that was helping people. I was working with creative, intelligent people. Then the dot-com crunch hit everything.

      I was renting a house with two other geeks. The owners were relocated back to the Bay Area, and they needed to move back into their home.

      The small business had a 15% layoff. Then an 80% layoff.

      I'm now crashing at my girlfriend's house. All that I own, except my car and my computer, is in storage, and I'm living off my savings. The crash is keeping me from getting a job, even though I'm writing more than twenty companies every week.

      Now listen to me. I fucking studied hard, I fucking worked hard, I fucking kept on learning, and now I'm on unemployment insurance. What the fuck justice is this, you asshole?

      --
      Never play leapfrog with a unicorn. Or a juggernaut.
    4. Re:Schadenfreude by Alioth · · Score: 4
      Most of these unfortunates are young. They've come far and fast by having the right kind of smarts at the right time and place. That they didn't know they were living in a speculative bubble and far beyond their means is due to inexperience and hubris, not malice.

      Still their own stupid fault. I'm young, slightly immature, and certainly inexperienced...yet I have the intelligence to realise that borrowed money is expensive money, and living beyond your means is risky business. The repo man won't get my vehicle because I paid cash for it. I'd rather have a less expensive used car that's cheap to insure and paid for than a luxury vehicle or big SUV that I have to make payments on. I get sticker shock from the depreciation cost of driving a new car off the lot, so I don't do it ;-)

    5. Re:Schadenfreude by (H)elix1 · · Score: 2

      You put them on a pedestal so you can see up the skirt better, not to watch them fall....

    6. Re:Schadenfreude by Sarcasmooo! · · Score: 1

      These people were adults. They should've been responsible, but instead they chose to shift the responsibility onto someone else's shoulders. The only sad part is that there is even a need for 'repo-men'. We have professional thieves like these for the same reason we have similarly overbearing laws; when people behave like helpless children, they are treated (and mistreated) like helpless children.

    7. Re:Schadenfreude by fors · · Score: 1

      Anybody who went through this craze and didn't think it would ever end is too stupid to feel any pity for. Every 50 to a 100 years some new craze comes along and everyone thinks it will last forever. There is nothing new where human behavior is concerned. Know your history and what people have done in the past because it all will happen again. Names and details change but human stupidity is constant.

      --
      "If there is nothing you are willing to die for, then you are not really alive." Myself
    8. Re:Schadenfreude by Tech187 · · Score: 4

      Actually, there is a difference.

      Silicon Valley attracted a whole lot of scum in the past decade. Some of us, who knew about Silicon Valley fifteen years ago, maybe even know the difference between TTL and CMOS logic gates, are a little pleased that some of that scum is now being hosed off the pavement.

      It's not really 'revenge' or a manifestation of envy so much as the satisfaction of knowing that in the end everything generally does work out fairly.

  98. Re:sounds good n ecological to me by Mr+Windows · · Score: 1
    Problem with that is, we live in a very large country. We can drive for DAYS...
    Perhaps you should live closer to your place of work if it takes you that long to get there!
  99. Schadenfreude by bill.sheehan · · Score: 3
    Only in America do we put people on pedestals because it's so entertaining to watch them fall. Most of these unfortunates are young. They've come far and fast by having the right kind of smarts at the right time and place. That they didn't know they were living in a speculative bubble and far beyond their means is due to inexperience and hubris, not malice.

    We've enjoyed the longest peacetime economic expansion in our history, but it's over. The saying is that a recession is when someone you know loses his job. A depression is when you lose yours. There but for fortune...

    Things fall apart, the centre cannot hold...

  100. Re: beemers cant play mp3s by SaxMaster · · Score: 1

    the Z8 on the showroom floor of the BMW/Mercedes/Porsche/SAAB/VW/Mazda Dealer I work for is being sold for $170,000 because of the demand. The origional sticker is somewhere around $120,000.

    --
    "Dancing is the vertical expression of a horizontal desire" --Robert Frost
  101. Re: beemers cant play mp3s by SaxMaster · · Score: 1

    I was talking about the BMW Z8 Roadster :)

    --
    "Dancing is the vertical expression of a horizontal desire" --Robert Frost
  102. Re:Repo story sounds about 1/2 urban legend by Legion303 · · Score: 2
    What's wrong with this story: Techie gets laid off. Techie can't make his car payments. Techies car is repossessed in the company lot.

    Well, if you read the actual article instead of the /. blurb, you'll find that's not what the reporter wrote.

    -Legion

  103. Re:Typical cheesy psychobabble. by Steeltoe · · Score: 1

    If you reread the post, I think you'll find that he didn't mention not doing anything. His point was not to become a perfect human vegetable. In fact you can do whatever you like to do, own whatever you like to own and be with whomever you like to be with. Just avoid becoming disappointed when it ALL fails, get rid of expectations because they make you unhappy. If you know the bible, I think it was Job that lost everything he had: job, house, family, health, etc. It was a lesson from God. The whole point is to see desire for what it truly is, an endless chase while you are never truly happy. It's about reclaiming peace in your mind, balance in your life, freedom from endless worries, expectations, speculations and desires. Remember when you were a kid; you didn't constantly worry about this and that.. As Jesus said, it's about becoming like that kid again. And No, I didn't say we should all start acting like kids. ;)

    The reason you see all this as pathetic, is because you only see it in light of psychology and science. You speak of higher things, without really defining what those are to you. Lastly you indirectly state that you don't strive for what is beyond your current framework, which is the very definition for stagnation in this world. This is excactly the kind of barrier spirituality is meant to break.

    Lastly: No, I'm not religious. I don't like authority that much. ;)

    - Steeltoe

  104. Re:Typical cheesy psychobabble. by Steeltoe · · Score: 1

    I agree that I might be playing with semantics, if Everything is what was meant. However, the word "framework" and the way it is used to define and limit is not a word I would use for Everything. It is too limiting, typical of us humans, we want to define everything around us so that we think we understand it. If the universe is infinite in every way (hypothetically speaking at least), "framework" is just not a good word. Additionally, I and many others can't use "everything" to mean what we really mean by that word, since very many have limited that word in their minds as well. It's no use to use the correct words, when people don't relate to them equally. So we use other words/semantics to be better understood.

    However, it's not really a difference in semantics or definitions. It's a difference in attitude: one is looking at the world with authority of opinion, "for something to exist I must see it", the other is (trying) humbly looking at the world as something that always will give you a surprise at the next corner, and that there might be more than what we currently see.

    Btw, it's an interesting coincidence that you begin talking about "clinging" philosophies. I've just been robbed of my bicycle (30 mins ago) while I was shopping for a Robert Jordan book. Now I really feel the bittersweet taste of my own words as I read my posts. It really sucks to lose stuff you know ;-)

    So, as I write this, I have strong feelings of torn attachments myself. It doesn't make me very happy. I guess I could stop clinging (dealing with that now), but you're right I could start clinging to something else then. However, that is not a failure in my opinion. Because I see it as another step on the ladder.

    Btw, to understand the "clinging" philosophies, you shouldn't look at it so totally and generally. It's not about not caring for other people or value them. It's about not trying to imprison your fellow human beings in unhealthy relationships. For example, it's not healthy for an adult to be completely dependant on another (with exceptions for disabled people of course). It might be an interesting and valuable experience, but not healthy in the framework ;-) of that relationship or for longer periods of time. It is healthy though, when people learn from it.

    I think many are beginning to realize that true love isn't one trying to tie you up, but let you freely do what you desire. Everything with modifications according to common sense and who you currently are though.

    - Steeltoe

  105. Re:This is why I drive a 4 door 4 cylinder family by WingCmdr · · Score: 1

    I'll settle for getting laid, LAID!!! :-)

  106. Re:I wanted to post one more follow up to this. by termite666 · · Score: 1

    Land grabs are a speciality of Santa Clara county .This has been going on since long before you where ever born .Go up to La honda and Stevens creek area this has been going on since the late 70's.

  107. Mod Up Parent!!! by Zalgon+26+McGee · · Score: 1
    Indeed - too many folks seem to be above personal responsibility and such quaint concepts.

    Prudence and moderation in all things.

    (Well, we could sometimes do with a little less modeation around here. But that's a whole other topic...)

    --

    ---

    Book(n): Utensil used to pass time while waiting for the TV repairman

  108. Re:Economy by haystor · · Score: 1

    I think if you looked closely at the people getting their cars repoed you would see that its not the big money guys. Its the people getting paid like they were big money guys. Like the article said, the Intel execs weren't getting repoed, but the execs elsewhere were. The difference there is that the Intel execs are big money guys for having produced something. They were people that could run a company within its means. Then there were the execs who had millions in options because they owned a domain name and business plan along the lines of heavyassbricksbymail.com. Dorks are dorks. Executive dorks, no matter how much you pay them, will never be money players.

    --
    t
  109. Wonder if I can get a bargain on a PT Cruiser by cecil36 · · Score: 1

    Maybe I can work with my local car dealer to have one of their buyers hit a repo auction and get me a good price on a PT cruiser, and be able to get it delivered to me at a good price.

  110. They were smart?!? by Carnage4Life · · Score: 2

    They've come far and fast by having the right kind of smarts at the right time and place. That they didn't know they were living in a speculative bubble and far beyond their means

    I refuse to believe that anybody smart (heck, anyone with an ounce of intelligence) couldn't tell that LEASING three cars for his girlfriend was a stupid idea when he was a salaried employee for a company that was extremely overvalued (they all were) and not a rich millionairre with cash in the bank.

    --

  111. feel sorry for the man by krokodil · · Score: 1

    I feel sorry for the guy. Instead of building
    beautiful and sophisticated systems which thousands people will use every day, he spendshis day goind after people, taking away their cars.

    Even if I would have my car reposessed
    some day, I would not trade jobs with him.

  112. Re:Typical cheesy psychobabble. by Rakarra · · Score: 1
    Btw, it's an interesting coincidence that you begin talking about "clinging" philosophies. I've just been robbed of my bicycle (30 mins ago) while I was shopping for a Robert Jordan book.

    Damned darkfriends, they're everywhere, I tell you. I guess next time you'll spring for the U-lock with the herons on the lock-keys, won't you? :)

  113. Re:a repo man who knows the stock price of cisco? by Caterbro · · Score: 1

    hell no. very bright people get involved in this work, and in general, towers of all stripes are the wackiest, most interesting types around. just because someone works a trades job, do not assume he is stupid- rather, it is more often the other way around.

    besides, think- he would be a [poor repo man if he didn't know his quarry, inside and out. stock quotes are probably the very tip of what he could know about you...

  114. repo.vulture.com ? by ehack · · Score: 2

    Sounds like one might make a nice B2C auction site for the repoed cars. Of course, whe the economy perks up again, repo.vulture.com will crashland...

    --
    This is not a signature.
  115. Typical cheesy psychobabble. by etymxris · · Score: 1
    When I look at people who get concerned over the smallest things, I used to feel as you do, "What an overreaction. They are assigning much to much importance to this small little thing." But then I realized that for them to act otherwise would be foolish. Why? Because they have already taken care of the big things in life. It's just like Maslov's pyramid. A person is going to worry about breathing before they worry about eating, and they are going to worry about eating before they worry about combing their hair.

    But what if someone just stopped caring after they already settled the basic needs: food, air, shelter? That would be a truly pathetic human. Even though they don't need anything more, to not try to achieve higher goals would be foolish. They would have nothing to do. They would just sit there until they were hungry again. What a truly marvelous existence you speak of!

    I'm all for living within my means, and not sweating the small things. But to feel sufficed with no more than is required to keep a human vegetable alive, that is truly pathetic. If that is existence, then I might as well be the human vegetable. But I am not. I strive for higher things. And I strive for these things within the framework that I exist, because there is nothing else beyond me and this framework. What happens in the world (the framework) does matter to me, and I am not ashamed of this.

    1. Re:Typical cheesy psychobabble. by etymxris · · Score: 1
      There is no such thing as "outside the framework". If I say "everything", there is no thing that is possible of escaping it. Otherwise, you are just playing with semantics. Even if there is a spiritual realm, it is still part of everything, part of the framework. Whether there is a spiritual realm, or God, or Nirvana, is really not pertinent to this discussion.

      It is interesting to hear about philosophies that ask you to give up an entire type of thinking, such as "do not cling to anything." What about the philosophy of not clinging to anything!? If he follows his advice, he should easily depart from his own philosophy, and start clinging to other things--a contradiction!

      There is a reason why people "cling". It is because things have value to them. If you do not cling to something, it is because it has no value to you. A person who clings to nothing sounds much like an amoralist. To see a little girl drowning in the pond bothers them not. To see a cute little puppy bludgeoned to death bothers them not. For someone to forcibly enter their house and slaughter their wife and children bothers them not. I don't want to be that person, thank you very much. I want things to have value, I want to care what happens around me.

  116. Re:Interesting slant on the article. by AMuse · · Score: 1

    If you look at the bay area housing market, though, you'd find out that a Million dollar house isn't the shit.

    I live in a one bedroom apartment for a cool $1250 a month, because that's what a one bedroom is worth out here. A million dollar house will get you three bedrooms and a decent yard, to own, and raise a family in. The same house in my home town would run you $240k - $400 a month LESS in mortgage than my rent.


    Sure, it looks good on paper to say "This chick has a million dollar house and can't afford a car!". But the fact is, if you live in the bay area between Mountain View and San Francisco, *every* house is a million dollar one.
    -------------------------------------------- ------

  117. Re:Interesting slant on the article. by AMuse · · Score: 2

    True enough. But I spent 3 years working as a medic for a busy city fire department, and I took a lot of pleasure in it.

    Not once, however, did I ever say "Woohoo! Another near-fatal car wreck involving three children! Today's my day to be good at giving IV's."
    ------------------------------------------ --------

  118. Interesting slant on the article. by AMuse · · Score: 5

    While right now the tech industry is in a slump, and I'm lucky to be one of the techs who was intelligent enough to live within my means, I still have to resent the tone of the article.

    "Whenever another company announces layoffs, we get all excited". Straight from the article.

    Yes, it means you get more business, Mr. Repo man, but slow down for a second and realize that the 8,000 layoffs mean two things. 1) They mean that 50 workers who lived too lavishly will pay for it. 2) They mean that the other 7,950 workers who were just trying to get by in the most expensive place on this coast to live, are now probably apartment/home-less.

    The sickening read of this article basically states what a high kick this guy gets off the human misery that is a round of layoffs, just so he can make a few bucks.

    The article portrays the tech workers in a very bad light by focusing on the lavish, stupid guys. But frankly, when I read the article, it puts this repo guy in a FAR worse light.
    ------------------------------------------ --------

    1. Re:Interesting slant on the article. by Dreyfus · · Score: 2
      It was their personal choice to do this rather than a more stable, boring job in a more average community.

      Focusing on their job is missing the point. You can work in high risk field and still be handle your personal finances responsibly. You can be an entrepreneur and still drive a ten year old Ford Escort. This isn't about risk, it's about irresponsible behavior -- and the utterly mindless worship of status symbols.

      The guy who cried over a threat to repossess his Lexus SUV which he hadn't made payment on in a year is a classic case. It would never occur to him to get rid the damn thing when he could no longer afford it, would it? No, that might mean a loss of face in front of his friends. Never mind it's worth more money than many people make in a year.

    2. Re:Interesting slant on the article. by Alatar · · Score: 5

      He's a *repo man*, for God's sake...he's not exactly in the pity business. Think for a second about what he does...he takes luxury cars away from people who have not made a payment in ages (it takes many rounds of letters back and forth before they send the repo man out). Look in the article..."million-dollar house and can't make a car payment". It's hard to feel sorry for such people, seeing as they made in a month what it takes the honest tradesman (which is what repo men are) to make in a whole year. A little payback is sweet, and besides, the less yuppie-driven SUVs on the road, the better.

    3. Re:Interesting slant on the article. by Dancin_Santa · · Score: 1

      You likely won't see a bank sending out the repo man for a month's late payment.

      As for taking pleasure in human misery, I suggest you read Kaner, et al. Testing Computer Software. Taking pleasure in one's work is a great way to be successful at it.

      Dancin Santa

    4. Re:Interesting slant on the article. by Dancin_Santa · · Score: 1

      Sure, but as a medic, you probably enjoyed more than anything the rush you got when *saving* a person's life.

      Okay, I see your point. Still, as QA in a previous life, I have to admit enjoying finding some really nasty bugs in some convoluted test cases.

      Dancin Santa
      Now regretting giving the devs so much grief.

    5. Re:Interesting slant on the article. by Tech187 · · Score: 1

      Nothing is more rewarding to a Reliabilty/QA guy than finding a major hardware/software bug on a Friday afternoon.

    6. Re:Interesting slant on the article. by mcpkaaos · · Score: 4

      I don't mean to bash on you for what you said, but it is worth mentioning that while this repo-man gets excited when he hears about layoffs, I doubt his motivation is greed. Adrenalin rushes aside, you might think his motivation was the fact that he is a 45 year old man with 3 kids to feed. When you consider the salary range quoted in the article (I think it was 30-60k) and the fact that this man, too, lives in Silicon Valley, you might cut him a little slack and understand he needs every penny he can muster just to support his family.

      --
      It goes from God, to Jerry, to me.
  119. Corporate Banning of "Racially Charged" material by clyons · · Score: 1
    Meanwhile, in other news... Bugs Bunny episodes are going to be banned for being "racially charged." Now that's news for nerds, stuff that's interesting, I'd think. I may be wrong.

    Lots of celluloid is rotting away in film vaults because the material, although representing historic representations of period attitudes, are considered to be too "racially charged." It's another form of revisionism. It would be like banning any kind of footage of Nazi-era Germany, because it's too "Racially Charged". In fact, I recall reading here on /. (I can't seem to find the article at the moment) that Bill Cosby has the rights to either movies, TV Series, maybe both, that are "racially charged," that he doesn't allow to be shown, because he doesn't want anyone to see it.

    I know comparing censoring Bugs Bunny cartoons to the censoring Third Reich footage seems like apples and oranges, but my point is that they are both materials that demonstrate the "human condition" in their respective periods of time.

    It's as bad as "revisionist history", and I'm sure Big Brother of 1984 fame would approve of it.

    --

    --

    --
    Intelligence is definitely a recessive trait.

  120. Re:awesome. by ozbird · · Score: 1

    If you were thinking of picking up a cheap, repossessed Beamer, forget it. The reason these people get into financial trouble is that instead of buying a car for a modest amount, they are buying an image: "Look at me! I'm driving a car that cost 6 figures - aren't I wonderful." The fact that it's second hand and repossessed isn't an issue, it's a Beamer! If you want the image, go ahead; if you want comfortable, reliable transport, there are better value cars for a fraction of the price.

  121. Re:awesome. by ozbird · · Score: 1

    Kidding. I just can't think of which ones cost over $100k, to be honest.

    Fair point - I was thinking Oz dollars (rough conversion rate at the moment is A$2 = US$1.)
    For instance, the 2001 BMW 530I Sport 4 door sedan with Steptronic transmissions costs a bit over A$100,000 - not including extras, stamp duty, insurance, dealer "delivery" fees etc. The 7 series starts at A$160,000 and the top end is over A$200,000... Ouch!

  122. Re:stupid lottery.. by Carlos+Laviola · · Score: 2

    So what? We're talking about Micro$oft bashing here. There are no frontiers or any sort of rules for that. Let the guy show his indignation.

  123. Re:This is why I drive a 4 door 4 cylinder family by ^chuck^ · · Score: 1

    I say do what like me. Take slightly old 4 cylinder toy and make more fun. Don't waste large amount of cash, when such exciting toys as a conversion kit for a vovlo 240 to support a chevy (corvette) v8 exist! Thereby you save money, live within your means, and satisfy your geek instict for altering and playing with stuff. I installed my car CD player myself, made a few mistakes, but saved 50 bucks!
    DIY + thrifty trips to junkyards == cheap, cooler car at low cost.

    --

    Lemure, wtf! Don't you mean Lemur?
  124. Repo Man leads to odd perks by Puff65535 · · Score: 5

    Funny, even before the dot bust one of the perks I got working for a chip maker in colorado springs is "repo man protection". &nbsp Seems some of the fab workers had/have credit trouble so about the only thing security actually does besides endangering all donut species is chase tow trucks out of the parking lots. &nbsp Since some of the good ones can get in and out faster than security can respond, and w/o leaving license plate images on the security cameras (so trespassing charges can't be filed) there is a special locked parking area for those that really don't want to take chances. &nbsp Sounds like this practice may become more common

    1. Re:Repo Man leads to odd perks by Skuld-Chan · · Score: 1
      Except in most states repo men are allowed to tresspass on private property to get the car back. They are just not allowed to break locked gates or open garages or take the car with you in it.

      Which just means if you have a parking lot with a guard that makes the rounds every so ofte you're car is fair game (most of Intel's lots in Oregon are like this).

    2. Re:Repo Man leads to odd perks by kalashnikov556 · · Score: 1
      That is wierd.

      It seems to me, that if my car was being reposessed, the last thing I'd want was for my coworkers to find out!

      ~ If you like the War On Drugs, you're gonna just love the War On Guns

    3. Re:Repo Man leads to odd perks by haruharaharu · · Score: 1

      That's why Cali is so cool - the repoman is legally allowed to enter parking lots in search of cars. I suppose he could even call the cops if the security guys pushed it.

      --
      Reboot macht Frei.
  125. Re:Economy by Chester+K · · Score: 2

    Speaking of money, I forgot to pay the rent again! ;)

    Pray you don't come home from work one day and find your apartment building is gone. Those damn repo men can do anything these days.

    --

    NO CARRIER
  126. Re:"Eyes melt. Heads explode. Everybody dies!" by QuakeBurger · · Score: 1

    Come on man, get the quote correct before you post it:

    Eyes melt, skin explodes, everybody's dead.

    It's so immoral working on the thing can drive you mad.

    That's what happened to this friend of mine.

    So he had a lobotomy, and now he's well again.

    Otto: What kind of car does your friend drive?

    J. Frank Parnell: Chevy Malibu.

    not that I've seen the movie 100 times or anything like that...

    Don't want no commies in my car... no christians either!

    --
    -- It is my strong belief that it is a mistake to hold strong beliefs.
  127. It's Trickling Down Now! by Beowulfto · · Score: 2

    Those that has support the concept of a trickle down economy will be happy! Proof of concept is here and now.
    ----

    --
    There's no point in being grown up if you can't be childish sometimes. -- Dr. Who
  128. Re:sounds good n ecological to me by Capt.+Beyond · · Score: 1

    Problem with that is, we live in a very large country. We can drive for DAYS, and still be able speak the same language! Out states are like EU countries. Besides, who wants to ride a bus, that takes forever to get anywhere because it stops at every bunghole bustop, no matter if there's anyone there or not?

    --
    -- "Perceptions create reality. By changing your perceptions you change your reality."
  129. Re:In related news... by Suppafly · · Score: 1

    hehe.. too bad i used up my mod points yesterday..

  130. stupid lottery.. by Suppafly · · Score: 1

    "You find a lot of lottery tickets in repossessed cars," he says. "It's their last hope."
    so thats what drives people to play lottery.. i just thought it was ignorance.. Did you notice the story from msnbc didn't mention him repo'ing from any MS employees?

  131. Re:I dont find this amusing at all. by Alien54 · · Score: 2
    Aside from the troll aspects of the p[ost, I know of a number of people in different parts of the country who had a decent life, then all the yuppies (or whatever you call them these days) moved in and messed it up. Often all the locals are screwed over and forced to move out before the yuppies market crashes.

    I have seen it in a number of areas of the country. Heck even in SF, where you can have studio apartment for thousands per month. Shear insanity. talk about herd mentality (we are all individuals!)

    Check out the Vinny the Vampire comic strip

    --
    "It is a greater offense to steal men's labor, than their clothes"
  132. Re:awesome. by core10k · · Score: 1

    If you know someone that bought a BMW and payed over $100 000 US, send them my way, I've got some swampland I've been meaning to get rid of.

    Kidding. I just can't think of which ones cost over $100k, to be honest.

  133. a repo man who knows the stock price of cisco? ... by rtnz · · Score: 1

    ... me thinks this story may be a bit untrue?

  134. Re:Hmmmm, where does he park it? by tswinzig · · Score: 1

    That would be kind of hard - since he *owns it outright*. Grand Theft Auto doesn't tend to look good on a resume.

    Sorry, it was a joke. I guess my humor didn't translate well into that post.

    --

    "And like that ... he's gone."
  135. Hmmmm, where does he park it? by tswinzig · · Score: 2

    I'd like to give him a taste of his own medicine!

    Off the job, he drives a rare 1971 AMC Javelin that he restored himself; like most other repo men, he owns his car outright.

    --

    --

    "And like that ... he's gone."
    1. Re:Hmmmm, where does he park it? by mdtrent3 · · Score: 1

      yeah...but it can be alot of fun! :)....ummm, i mean, it was just that once...uh, nevermind.

  136. Re:"Japanese" cars sold in the U.S. don't come fro by Technician · · Score: 2

    Um, I live in Portland, near the shipyards. Um what are those shiney colorful things with 4 wheels they unload off the ship with the big word Toyota on the side? True some Japanese cars are assembled in the US but not all.

    --
    The truth shall set you free!
  137. In related news... by nick_davison · · Score: 5
    In related news...

    Mr. Kevern is offering prizes to all dealerships to hand over the names and addresses of all Microsoft employees buying 'clean' cars (ones without payment protection plays).

    While Mr. Kervern does not believe all Microsoft employees intend to default on their repayments, he feels he has a right to be ready just in case.

    1. Re:In related news... by berzerke · · Score: 1

      I wonder just how many cars have been repo'd from M$'s parking lot. That would make a good story!

  138. Worthy story of /. ? by ackthpt · · Score: 4
    I heard about this on KCBS, but was probably more stunned that it rated front page on /. than the story did. Interesting news for anyone in the market for a used Porsche, BMW or SUV.

    Meanwhile, in other news... Bugs Bunny episodes are going to be banned for being "racially charged." Now that's news for nerds, stuff that's interesting, I'd think. I may be wrong.

    --

    --

    A feeling of having made the same mistake before: Deja Foobar
    1. Re:Worthy story of /. ? by bstrahm · · Score: 1

      Hate to tell you, but both of these stories were covered in my morning Wall Street Journal... A great paper (my father started me on it in college to teach me about money... I've been a subscriber for 10 years) It is interesting to see stories and editorials in the WSJ make it into other media across the next couple of days. I should put a link to the online journal, but since it is a pay site, and I don't subscribe because I read the paper (then put it under my wifes birds) I don't have one...

  139. REPO by roxbox · · Score: 1

    >>>Silicon Valley's reluctance to give up its cars is a remnant of the great optimism that led to their purchase in the first place, adds Mr. Kevern's boss, Mr. Doyle. "You find a lot of lottery tickets in repossessed cars," he says. "It's their last hope." It was an entertaining enough article, but a little mucky. There may be a certain amount of "new money" stupidity to one person leasing 4 or 5 cars and spending like it's 1999, but it's still sad to see the optimism Suein Hwang cites in the last 'graph (quoted above) eulogized. Oh Well. Rox

  140. Re:This is why I drive a 4 door 4 cylinder family by Eminence · · Score: 2

    Looks like you should read this.

    Emin

  141. It is a great time to buy... by (H)elix1 · · Score: 1

    used equipment. The look on my wife's face was priceless when I brought home an old 19" rackmount chassis the size of our fridge. What the heck am I going to do with a Sun 180?

  142. That's Ok by rppp01 · · Score: 1
    The repoman took my car, damn it. But that's ok, cause I took his woman!

    --
    They stuck me in an institution, said it was the only solution, to...protect me from the enemy, myself
  143. Re:This is why I drive a 4 door 4 cylinder family by mdtrent3 · · Score: 1

    There is nothing wrong with having debt in something like a house.

    Going into debt for a car (which is much more easily repossesed, clearly!) Is somewhat more stupid, your house will go up in value if you take care of it, that can't be said for most cars.

    Hell, I'm only 20 (almost...) and i'm already starting a life of operating in debt, but i'm trying to do it for worthwhile things...right now it's my computer :)

    Sure, i want a car, but i'm not going to think about it until I really NEED it for a job and it can actually help me, instead of pouring money into some flashy thing that's only going to make my life worse.

    So, while I may not be as smart *technically* as all those "millionaire" dot-commers in CA, somehow, this article makes me feel a bit brighter!

  144. Repo Man for the X-Box by Vegan+Pagan · · Score: 1

    Since this article is from MS, I got an idea: "Repo in the Valley" for the X-Box! Pop real cars from real spendthrifts, like Apple, Sun, and Oracle! Use your WinCE PDA to download new pop jobs, and dodge security systems running on OSX! All they need is the competitors' license.

  145. Re:Fight Club by BEHiker57W · · Score: 1
    Fight Club was an explicitly Buddhist movie.

    Did you notice how the protagonist lived in a world of plenty and lacked for nothing and was protected from the problems of life by his corporate job and consumptive lifestyle? Just like the Buddha.

    Then he can't deal with it anymore because his job exposes him to the fact of death (in motorcar collisions). Just like the Buddha.

    Then he visits the real world and has the experience of living with the sufferers with disease, and then lives in poverty, and then joins a cult, and then in meditation (sorry, no Bodhi Tree) finds enlightenment. Just like the Buddha.

    And enlightenment means understanding a message of non-consumerism, inner peace, non-attachment, releasing the ego, right livlyhood, &c, &c. It's a modern Buddhist message for the Twentyfirst Century that values working in a community and favors simplicity, riding the bus, getting in touch with nature, gardening, walking, running, sports (probably even boxing), and taking risks for what you believe in and opposes corporate art, chain stores, status motorcars, manipulative advertising, brand identification, and a comfortable but meaningless life.

    The only way it could be more Buddhist is by including a pamphlet with the Four Noble Truths with every ticket.

    And great special effects, too. Good looking cast, fine acting, drama, amazing costuming. I don't agree with Buddhism but a message movie this powerful and coherent and consistent and plot driven and beautiful on the screen is a piece of magic. Furthermore, every scene is there for a reason and the reason relates to the ultimate message -- not like a jigsaw puzzle or a proof but like a little decoration that matches the aesthetic of the whole.

    It is by far the greatest movie ever made.

    -Brian

    And there are so many riffs and philosophies and movements referenced I may have missed some...

  146. if you are temping anyway...(OT) by Heywood+Yabuzof · · Score: 1

    ...give aquent a call. I've worked for them a couple of times between "real" jobs - pretty nice, as far as temping goes (health insurance, 401k, etc). Not doing too shabby if you can still afford to live in a Brookline apt!

  147. It isn't just VC guys. by Fat+Casper · · Score: 1
    It looks like "real" bankers can be just as easily snookered by the dot com craze. If they had just told more people "no," a lot of this could have been avoided. Damn, I guess I forgot about Charles Keating!

    --
    I spent a year in Iraq looking for WMD and all I found was this lousy sig.
  148. Re:awesome. by theevil1 · · Score: 1

    fyi, as any BMW aficionado will know, the car is a bimmer, the motorcycle is a beemer.

    --
    "I saw weird stuff in that place last night! Weird, strange, sick, twisted, eerie, godless, evil stuff!! And I want in!"
  149. an ordinary person spends his life by theevil1 · · Score: 2

    avoiding tense situations... A repoman spends his life getting into tense situations.

    --
    "I saw weird stuff in that place last night! Weird, strange, sick, twisted, eerie, godless, evil stuff!! And I want in!"
  150. "Eyes melt. Heads explode. Everybody dies!" by MOBE2001 · · Score: 1

    Memorable line from the cult movie, The Repo Man.

    1. Re:"Eyes melt. Heads explode. Everybody dies!" by MOBE2001 · · Score: 1

      Thanks for the correction. I guess I need to see the movie again. It's been a while. Cool movie though.

  151. Goddammit! by Dancin_Santa · · Score: 1

    Did anyone see where I left my fucking sleigh? I thought I left it out by the goddamn reindeer pen. Jesus H. Christ, I've got fucking errands to run!

    Dancin Santa

  152. Re:I dont find this amusing at all. by Dancin_Santa · · Score: 2

    People with as deep a connection to your homeland as yourself confuse me. Move to Seattle if you like nice scenery. Move to Texas if you like cheap housing and sprawling land. There's a lot to be said for freeing your mind from territorialism.

    Look at me, I left the comfort of Scandanavia to live at the North Pole.

    Dancin Santa

  153. Economy by cavemanf16 · · Score: 2
    And people say our economy is in fine shape, just a little off right now?! I think this proves that even the big money guys are over-spending, and not meeting their payment obligations. Let's just hope there's enough people out there with enough common sense to know how to properly budget their money. Maybe the coming recession won't be *that* bad.

    Speaking of money, I forgot to pay the rent again! ;)

    1. Re:Economy by Tech187 · · Score: 1

      If I didn't borrow money to slight excess, I wouldn't have all those old Sparcstations off eBay. I wouldn't have that sack of discrete transistors or my Oscilloscopes.

      Not everybody is a computer nerd who sits in front of a computer every day. Some of us are hybrid computer/hardware nerds.

    2. Re:Economy by Jebus_the_spork · · Score: 1

      If people didn't borrow money, families wouldn't be able to afford homes, cars, college educations, everything. Not everybody is a computer nerd who sits in front of a computer every day, not caring about their surroundings or the such. Most people properly budget their money or we would find a lot of people in large ammounts of debt. The tech industry is going a little south right now, so a few people are out of work. It does not surprise me that a few of them have hit hard times, what do you expect? This is just an extension of the "dot.com" craze, and its participants getting what they desreved. I apologize for my rant. Have a good day

      --
      I didn't think it was physically possible, but this both sucks and blows - Bart Simpson
  154. Re:He said it all. by bwldrbst · · Score: 1

    A friend of mine was working for a rental company for a while. It was his job to go reposess all the tvs and washing machines people couldn't afford.

    He seemed to get some perverse pleasure from reposessing some old lady's tv.

    Go figure.

  155. What about MS? by Ayende+Rahien · · Score: 1

    What about MS?
    What car BG drives in, anyway?

    --

    --
    Two witches watched two watches.
    Which witch watched which watch?
  156. Re:.com, vc, and S&L's -- the Bush connection by geoswan · · Score: 1
    Forget Keating...

    OK. I am a foreigner. Who is Keating?

    he got the press and trial but the biggest of the s&l failures was Silverado... with Mr. Neil Bush on the Board. That's the son of GHWBush and bro to Dubya for y'all a little slow on the draw.

    Darn. I thought it was Dubya himself who was caught. Still pretty shameful.

  157. Maybe we can make a new comic book series by sagacious_gnostic · · Score: 1

    The Adventures of Repoman and Robbin'

    Ok Ok, mod me down I am drunk

  158. Repo story sounds about 1/2 urban legend by tsackett · · Score: 1
    I'm not so sure the reporter should have taken as fact everything the repo guy told him. What's wrong with this story: Techie gets laid off. Techie can't make his car payments. Techies car is repossessed in the company lot.

    Maybe this is really a story about power of habit. People get so used to commuting that, even after getting laid off, they continue to drive to work and park in the company lot.

    1. Re:Repo story sounds about 1/2 urban legend by tsackett · · Score: 1
      I stand by my original comment. There's a lot of stuff in the article, and most of the action takes place in the car-owners' neighborhoods and driveways, but the reporter keeps bringing in the repo man's claims about getting large numbers of cars from Apple's, Cisco's, and Intel parking lots. Maybe he was telling the truth, but the article doesn't give much of an explanation of why this would be true.

      The reporter offers only minimal analysis of why people are defaulting on their loans. Are large numbers of people keeping their jobs but taking pay cuts? Not that I've heard of. Were folks using stock options to make monthly car payments? That sounds unlikely. The concrete examples the article contains all involve techs who lost their jobs due to lay offs or company failures. Mentioning these in the same breath as company-lot repossessions suggests that they are the same phenomena. The /. blurb was a pretty accurate depiction of what most people will take away from this article and it's the reporter's fault.

  159. My personal bubble of 2K by jonathanjo · · Score: 1
    Back in early 2000 I was getting paid large sacks of money as a web consultant to a startup company (in someone's attic). I also needed to find a place to live. While I could have afforded rent in the thousands, my gut told me not to bank on the consulting bucks. (And forget about trying to buy in Boston.) So instead I set a frugal budget and found a nice, affordable shared apartment in Brookline, with 3 roommates.

    Needless to say, the company's venture capital dried up and with it my consulting gig. Now I'm working as an office temp slave,* but at least I can still pay rent.

    * I'd insert a link to http://www.temp24-7.com, but the site seems to be down.
  160. Re: beemers cant play mp3s by Tech187 · · Score: 2

    Hell, you can buy Z8's at DigiKey for a lot less than that. Price depends on what on-chip peripherals you want, and stuff like that. Check the Zilog website. Or (and this isn't that bad an idea) salvage 'em off the circuit boards on many failed hard drives.

    (this is a geek board, right? What's with the yuppie car thread in the first place??)

  161. awesome. by The+Angry+Clam · · Score: 2

    You know, I wonder if I can get in on some of those repo sales. The silicon valley people have some insanely nice cars. Imagine getting a BMW with a built-in server-class computer? Pennies on the dollar man

    --
    I'm an Angry Clam. You would be angry too if you were a ball of snot in a shell.
    1. Re:awesome. by Donutsarepretty · · Score: 1

      If you want a cheap sports car that's as fast or faster than a BMW, Ferrari, Viper.... get an Eclipse, Camaro, Firebird, Mustang, MR Spyder, most of these you can get for under $25000. Plus you can spend what you saved on aftermarket accessories to make them look better, go faster, etc. I have a 1999 Camaro SS (fixed up of course) that looks good and can run with the best of them. I get decent gas mileage (19/28 city/hwy when driving normal) and insurance is cheaper. Nothing feels better than kicking a Z8, vette(TA's and Z28's come with a toned down vette engine anyway), or viper's (when using nitrous) ass. Of course you could get the Ford Focus FR200

      --
      I live my life by the moon, if it's high play it low, if it's harvest go slow, if its full then go. -Nelly Furtado
    2. Re:awesome. by Donutsarepretty · · Score: 1

      sorry about the link I was in a hurry http://www.motortrend.com/mar01/focus/focus_f.html

      --
      I live my life by the moon, if it's high play it low, if it's harvest go slow, if its full then go. -Nelly Furtado
    3. Re:awesome. by Donutsarepretty · · Score: 1

      Yeah you get a name. My camaro is 2 years old and has 90000 mi. on it(I drive a lot) and it's still in perfect condition. Your girlfriend probably bought the firebird used(don't ever buy a sports car used), because the person before her probably drove the shit out of it or (if new) she drove the shit out of it herself. And the BMW she bought with 100,000 mi on it was probably owned by an old man or woman who used it to go on vacations and to the grocery store.

      Give a brand new BMW and a brand new firebird/camaro to a 16 year old boy and see which one lasts longer. My friend on his 16th bday got a new car it was a trans am (ram-air WS6, all the options very nice) he drove the shit out of that car, his parents were rich, he knew that no matter what happened to this car he'd get a new one anyway. In one year he put 50,000 mi on that car (the average person puts about 15,000 mi a year) he hadn't had any problems with it so his dad decided to give him a brand new car a BMW Z3 for his 17th bday. Well he drove the Z3 like he had driven the trans am, racing anyone and everyone, and a week before his 18th bday it had broken down. He needed a new transmission and several other small things. But do you know how much a transmission costs on a BMW (the warranty was out because of the miles he put on the car). But to make a long story short, they got rid of the BMW and he drives a new trans am now and has been since.

      Oh btw, my camaro uses nitrous and that puts a LOT of stress on an engine, the only thing I've frequently had to replace on the car was the tires. ^_^

      I don't know what year the car was or what kind of aftermarket products she had that would make her or the car look like Rocky.

      --
      I live my life by the moon, if it's high play it low, if it's harvest go slow, if its full then go. -Nelly Furtado
  162. Dynamic 601-B information by JanusZeal · · Score: 2

    Look here.

    And here.

    Actually they're more like advertisements, but I thought they were a pretty good look for getting an idea as to what the guy is working with.

  163. Re:Great! by haruharaharu · · Score: 1

    Defending your home is arguably more about self defense than property. If somebody is willing to break into my home with me there, i have to assume the worst. Not being much for a gun, I'd probably use a sword or a bat.

    --
    Reboot macht Frei.
  164. Very dangerous job by 6EQUJ5 · · Score: 1

    The guy uses an "unmarked white truck"... that could look very much like somebody stealing your car, rather than a legal reposession. Hope nobody flips out and pulls a gun on the guy.

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