For example, a house is valued at $250K, and I put $50K down and get a mortgage for the rest. It burns down, and the lot is valued at $100K. The bank is not going to go through with the mortgage. Heck, I've signed some papers and then hired an inspector, which would be largely pointless if I couldn't back out.
That's right because there's a clause in your contract that states the property must be in the same condition as when you paid your deposit. There are a number of these get-out clauses in a standard contract, but all are based on reasonable conditions, none of which involve "change of market value".
Inexperienced drivers don't know how much speeding is safe and that is why limits are set.
This is precisely why people crash. They are brainwashed to think as long as they are doing the speed limit they're ok. Maybe instead of teaching people to behave like robots we could teach them some real skills?
If you fear the police there's a very simple solution, follow the speed limit.
I don't fear the police. They are merely tax collectors. I drive as fast as I like, and ever once in while I pay a fee for the privilege. But this has nothing to do with road safety.
Cops don't care to stop you for a $50 ticket. They rather wait and get the next big fish. I've never been stopped for going 15km/h over the speed limit and I've driven over a million KMs in my life. Obviously I use common sense when going through construction and school areas.
You know the Internet is bigger than just your town/state/country right? Every law enforcement agency is different with different standards and tolerances. where I live you can get a ticket for 1km/h over the limit
That's the issue isn't it? Not everybody can evaluate this by themselves, instead they need to be told what speed they should go.
The math is pretty simple. More speed = more danger. You cannot argue that
If more speed = more danger then shouldn't we reduce the speed limit further? And once we've reduced them,we apply the same "math" we should then reduce them again? Then keep repeating until the speed limit is zero?
I'm guessing "math" (or logic which is what you meant) isn't your strong suit.
and that is why speed limits are set based on ministry of transportation predefined parameters.
and what are those parameters? Can you cite them? It may be different in your area, but I've had some experience in this field and can assure it's not as scientific as you think.
BTW, I'm not suggesting that moderate speeding is bad since most of us do it, it's the excessive speeding that's an issue and it's the best way to get a cops attention.
The problem with this is how do you define "moderate", "excessive" and "speeding"?
It's the fact that the authorities refuse to define these terms that contributes to the problem.
We had a fatality in my local area from a Semi Trailer losing control down a steep hill and ploughing into the traffic stopped at the lights below. Investigators put the blame on "speeding". He was doing less than 60 in a 60 zone, but due to significant weight of the vehicle and geography, the driver should've been going slower. This makes sense so far, except the cops see "speeding" as the cause and immediately launch into speeding blitz, picking up people in cars with ABS driving on flat straight roads doing 63 in a 60.
In my experience, it's less about speed and more about careless/reckless behaviour. I have roads I can do 180 on without issue. At the same time there's some roads I'll do 20 under the limit because it's too dangerous to do the speed limit. Focusing purely on the number on your speedo is disingenuous and only leads to confusion about the real risks on the roads.
Yeah except the Govt can easily require traders to have a license and qualifications, and then legislate a minimum transaction time, then make it a criminal offence to not comply. Pretty much how the real estate market has worked for decades.
When I bought my house, the transaction took 6 weeks. If something happens to the house within 6 weeks, my investment is at risk. I see no reason why this isn't the same (non) issue.
If you are willing to sell at $X and you get $X then there is no harm done.
Why, driving fast is fun. Don't believe the hype on "Speeding". It's more authoritarian propaganda which doesn't stand up to the slightest bit of logical examination
I got busted with a car load of mates in the back of a nightclub car park sharing a joint. The cops knock on the car window and as the we opened the doors to get out smoke was pouring out like a smoke machine. Fortunately the guy with smoke in hand swallowed it, and the baggie was quickly thrown into a storage compartment in the dash (separate from the glove box). The cops gave us the usual lecture, searched the car and found nothing (to which we were surprised since there was a bag of pot in the dash). The cop clearly disappointed called in the dogs and gave us a chance to come clean before the dogs rip the car to shreds. We stay tight lipped, and the dogs go in, sniff around for a bit, but find nothing (even more surprising since these were dogs right?).
So we got a lecture and a warning and sent on our way. Got home pulled out the bag and finished off the stash. That was 25 years ago, but taught me a great lesson in security theatre, especially police dogs (which are generally trained for perp restraint and intimidation than drug sniffing).
that's $2 TRILLION for NYC to LA if you extrapolate the costs.
Yeah, we could pay for a few years of another pointless war with that much money.
And for that, instead of a useless war on terror, we get a useless train which no one wants to ride because the security theater and speed make it more of a PITA than the airline.
"No-one" is a bit of an exaggeration. 30 million people pay to go on Amtrak each year, so there's at least 30 million people who would want to ride a brand new high speed rail. And that's about 29,999,997 more people that wanted the Iraq war.
Depends if time or stress is more important to you. When I'm on holiday I have time, and I don't want stress, so an 8 hour train journey still wins. I just book the sleeper and save the costs for one less night in a hotel.
The same way a fast talking salesman can talk old people into buying things they neither want or need? Just because it ain't illegal don't make it right.
I can't see why the stock market has to be in real time. Is there any advantage to genuine investors in having millisecond transaction times? Why not take orders in real time, but only execute them each hour on the hour? Seems like this would still allow for genuine trades while keeping the ratbags at bay.
What crash? Oh your were extrapolating your local conditions to the rest of the world. Yeah, not such a good idea especially when the one thing that is relevant in Real Estate investing is the location.
Are you fucking stupid? Read the bit you conveniently left out of the quote. THEY HAVE PORTABLE HDDS AND FRIENDS IN THE CITY. Did you get it that time? Fucking children these days...
You know the "Low income" housing is not designed to bring in crack addicts and gang bangers. In a rich neighbourhood, "low incomes" is middle class housing for teachers, nurses and police. The jobs that every community needs whether rich or poor. As someone who has already demonstrated a willingness to donate large sums to charity, this doesn't sound like an unlikely outcome.
No, that cost is built into the cost of the land. When you buy a suburban block of land it already has the infrastructure there. George has the land but none of the other stuff, so he will have to pay for this.
I didn't see any detail in TFA, but I assume he'll be paying for the roads, utilities and other infrastructure that goes along with a new development. This stuff doesn't build itself and since it's private land, the local council won't be building it.
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Maybe instead of teaching people to behave like robots we could teach them some real skills?
This is much more complicated than...
Exactly, which is why "Speed is bad mmkay" is vastly oversimplified strategy for road safety.
For example, a house is valued at $250K, and I put $50K down and get a mortgage for the rest. It burns down, and the lot is valued at $100K. The bank is not going to go through with the mortgage. Heck, I've signed some papers and then hired an inspector, which would be largely pointless if I couldn't back out.
That's right because there's a clause in your contract that states the property must be in the same condition as when you paid your deposit. There are a number of these get-out clauses in a standard contract, but all are based on reasonable conditions, none of which involve "change of market value".
Inexperienced drivers don't know how much speeding is safe and that is why limits are set.
This is precisely why people crash. They are brainwashed to think as long as they are doing the speed limit they're ok. Maybe instead of teaching people to behave like robots we could teach them some real skills?
If you fear the police there's a very simple solution, follow the speed limit.
I don't fear the police. They are merely tax collectors. I drive as fast as I like, and ever once in while I pay a fee for the privilege. But this has nothing to do with road safety.
Cops don't care to stop you for a $50 ticket. They rather wait and get the next big fish. I've never been stopped for going 15km/h over the speed limit and I've driven over a million KMs in my life. Obviously I use common sense when going through construction and school areas.
You know the Internet is bigger than just your town/state/country right? Every law enforcement agency is different with different standards and tolerances. where I live you can get a ticket for 1km/h over the limit
That's the issue isn't it? Not everybody can evaluate this by themselves, instead they need to be told what speed they should go.
The math is pretty simple. More speed = more danger. You cannot argue that
If more speed = more danger then shouldn't we reduce the speed limit further? And once we've reduced them,we apply the same "math" we should then reduce them again? Then keep repeating until the speed limit is zero?
I'm guessing "math" (or logic which is what you meant) isn't your strong suit.
and that is why speed limits are set based on ministry of transportation predefined parameters.
and what are those parameters? Can you cite them? It may be different in your area, but I've had some experience in this field and can assure it's not as scientific as you think.
Yeah that's it. Cognitive dissonance is a powerful force.
BTW, I'm not suggesting that moderate speeding is bad since most of us do it, it's the excessive speeding that's an issue and it's the best way to get a cops attention.
The problem with this is how do you define "moderate", "excessive" and "speeding"?
It's the fact that the authorities refuse to define these terms that contributes to the problem.
We had a fatality in my local area from a Semi Trailer losing control down a steep hill and ploughing into the traffic stopped at the lights below. Investigators put the blame on "speeding". He was doing less than 60 in a 60 zone, but due to significant weight of the vehicle and geography, the driver should've been going slower. This makes sense so far, except the cops see "speeding" as the cause and immediately launch into speeding blitz, picking up people in cars with ABS driving on flat straight roads doing 63 in a 60.
In my experience, it's less about speed and more about careless/reckless behaviour. I have roads I can do 180 on without issue. At the same time there's some roads I'll do 20 under the limit because it's too dangerous to do the speed limit. Focusing purely on the number on your speedo is disingenuous and only leads to confusion about the real risks on the roads.
Yeah except the Govt can easily require traders to have a license and qualifications, and then legislate a minimum transaction time, then make it a criminal offence to not comply. Pretty much how the real estate market has worked for decades.
Because I didn't waste company money on white elephants and have since been promoted and earning double what I was then? Yeah, you got it in one.
When I bought my house, the transaction took 6 weeks. If something happens to the house within 6 weeks, my investment is at risk. I see no reason why this isn't the same (non) issue. If you are willing to sell at $X and you get $X then there is no harm done.
Then stop speeding excessively.
Why, driving fast is fun. Don't believe the hype on "Speeding". It's more authoritarian propaganda which doesn't stand up to the slightest bit of logical examination
I got busted with a car load of mates in the back of a nightclub car park sharing a joint. The cops knock on the car window and as the we opened the doors to get out smoke was pouring out like a smoke machine. Fortunately the guy with smoke in hand swallowed it, and the baggie was quickly thrown into a storage compartment in the dash (separate from the glove box). The cops gave us the usual lecture, searched the car and found nothing (to which we were surprised since there was a bag of pot in the dash). The cop clearly disappointed called in the dogs and gave us a chance to come clean before the dogs rip the car to shreds. We stay tight lipped, and the dogs go in, sniff around for a bit, but find nothing (even more surprising since these were dogs right?). So we got a lecture and a warning and sent on our way. Got home pulled out the bag and finished off the stash. That was 25 years ago, but taught me a great lesson in security theatre, especially police dogs (which are generally trained for perp restraint and intimidation than drug sniffing).
America! Fuck Yeah! Coming again to save the mother fucking day yeah!
And I thought that movie was fiction...
that's $2 TRILLION for NYC to LA if you extrapolate the costs.
Yeah, we could pay for a few years of another pointless war with that much money.
And for that, instead of a useless war on terror, we get a useless train which no one wants to ride because the security theater and speed make it more of a PITA than the airline.
"No-one" is a bit of an exaggeration. 30 million people pay to go on Amtrak each year, so there's at least 30 million people who would want to ride a brand new high speed rail. And that's about 29,999,997 more people that wanted the Iraq war.
Depends if time or stress is more important to you. When I'm on holiday I have time, and I don't want stress, so an 8 hour train journey still wins. I just book the sleeper and save the costs for one less night in a hotel.
Because Japan already has fast trains and they don't need it.
I had this day long argument with this antivaxxer chick on Tinder. She ended up sending me pics of her tits so they're not all bad people.
The same way a fast talking salesman can talk old people into buying things they neither want or need? Just because it ain't illegal don't make it right.
I can't see why the stock market has to be in real time. Is there any advantage to genuine investors in having millisecond transaction times? Why not take orders in real time, but only execute them each hour on the hour? Seems like this would still allow for genuine trades while keeping the ratbags at bay.
Just guessing, but maybe not all types of amphetamines have the same effect, and the one you knew was on something else?
What crash? Oh your were extrapolating your local conditions to the rest of the world. Yeah, not such a good idea especially when the one thing that is relevant in Real Estate investing is the location.
Are you fucking stupid? Read the bit you conveniently left out of the quote. THEY HAVE PORTABLE HDDS AND FRIENDS IN THE CITY. Did you get it that time? Fucking children these days...
You know the "Low income" housing is not designed to bring in crack addicts and gang bangers. In a rich neighbourhood, "low incomes" is middle class housing for teachers, nurses and police. The jobs that every community needs whether rich or poor. As someone who has already demonstrated a willingness to donate large sums to charity, this doesn't sound like an unlikely outcome.
Depends on whether or not the reported loss will push him under a tax bracket, open up some loopholes, entitle him to credits...
There's a reason that the US Tax Code is a couple dozen thousands of pages long, you know...
And not one of those reasons is to give you more money than you started with.
Who says he's selling them?
No, that cost is built into the cost of the land. When you buy a suburban block of land it already has the infrastructure there. George has the land but none of the other stuff, so he will have to pay for this.
I didn't see any detail in TFA, but I assume he'll be paying for the roads, utilities and other infrastructure that goes along with a new development. This stuff doesn't build itself and since it's private land, the local council won't be building it.