But what if I like a certain city and would sooner live outside the US than live in parts of the US outside that city?:D Seriously, if I were to leave NYC, I'd sooner move to Europe than move to most other parts of the US where I'd have to own a f**king car.
The collapse is likely to happen soon, and this is a good thing. Let the banksters and REITs who bought property after the last crash take a cold bath.
Sure, but banks need to know that what they're paying (loaning out) makes sense. Thus a requirement for an appraisal. This is even more important if it's a government-backed loan -- i.e. public money.
You can buy a house without appraisal, but if you're getting a mortgage loan, the bank wants to know that the deal makes sense (the house it worth what the buyer and seller are saying it is worth).
Inspection is a different issue, but generally also required by banks and/or cities.
Homes can always be bought and sold without appraisal. The question is whether we should allow banks to loan on a property without looking at it, especially if the loans are subsidized by public money. If the property is in much worse condition than its neighbors, then the bank/government lose out, since the property is likely worth less than its electronic appraisal. If the property has renovations that aren't accounted for in the appraisal, then the bank/buyer/seller need to pay for a human appraisal anyway.
Ah well, the property bubble re-inflated under Obama is due to pop anyway, so I suspect banks will tighten regulations on their own in a falling market. Rates hitting 5-6% will lead to fun times with property...
He did a lot of damage. Set the stage for the 2003 homicide spree in Iraq (Gulf War II). Incarceration rate in the US shot up 40% in his term (1989-1993). Obama began to undo some of the damage caused under his and the Gipper's terms.
He's only viewed with rose-colored glasses because the current vulgarian is so awful. He was a warmonger and the US incarceration rate increased 40%(!) during his tenure as President. We're still paying for some of the policies of his era today.
Frankly, I think this country would have been a better/different place today if Michael "card-carrying ACLU" Dukakis had won in 1988. I don't really have much else to say about the guy, honestly. I have no emotional interest in mourning him.
Agreed about the shared/gig/techbro economy needing to burn down. But then again, this is pretty benign. Pre-fab houses have been around since the early 1900s, nothing new.
Problem is that the majority of costs associated with housing are land costs, at least in areas where there are jobs and people want to live.
Yes, I asked for an ATM card only, not a CheckCard, since my previous card had been compromised by fraud. This allowed criminals to purchase directly from my account without a PIN.
Privacy rights (the right to be anonymous by using cash for business transations) is actually something worth using force over. It would be a welcome change from the past, anyway, where governments in bed with corporate entities did their best to reduce privacy.
Plenty of people who value their privacy HAVE complained about the spread of cashless businesses... the way to solve an epidemic is to catch it before it becomes pandemic.
The choices and privacy of the public are more important than those of business owners. Also, this prevents restaurants from being forced into coercive contracts with card companies, because they'd be illegal. As in "If you take MasterCard, you can't also accept cash," won't fly.
The article is about DC, not NYC. Also, they're not legalizing fare evasion, just making the fine proportional to the crime and not sticking people with a criminal record for life for it.
Say you don't pay the $2 metro fare. How is that different from deliberately parking in a metered space and not paying for it? Why should one be a slap on the hand and the other a jailable offense?
Depends where in Europe. Some of the former Soviet satellites and Southern Europe are mostly cash economies. They tend to value their privacy.
Not every country is Sweden or Denmark.
Slashdot Mirror
But what if I like a certain city and would sooner live outside the US than live in parts of the US outside that city? :D Seriously, if I were to leave NYC, I'd sooner move to Europe than move to most other parts of the US where I'd have to own a f**king car.
The collapse is likely to happen soon, and this is a good thing. Let the banksters and REITs who bought property after the last crash take a cold bath.
Sure, but banks need to know that what they're paying (loaning out) makes sense. Thus a requirement for an appraisal. This is even more important if it's a government-backed loan -- i.e. public money.
You can buy a house without appraisal, but if you're getting a mortgage loan, the bank wants to know that the deal makes sense (the house it worth what the buyer and seller are saying it is worth).
Inspection is a different issue, but generally also required by banks and/or cities.
Homes can always be bought and sold without appraisal. The question is whether we should allow banks to loan on a property without looking at it, especially if the loans are subsidized by public money. If the property is in much worse condition than its neighbors, then the bank/government lose out, since the property is likely worth less than its electronic appraisal. If the property has renovations that aren't accounted for in the appraisal, then the bank/buyer/seller need to pay for a human appraisal anyway.
Ah well, the property bubble re-inflated under Obama is due to pop anyway, so I suspect banks will tighten regulations on their own in a falling market. Rates hitting 5-6% will lead to fun times with property...
He did a lot of damage. Set the stage for the 2003 homicide spree in Iraq (Gulf War II). Incarceration rate in the US shot up 40% in his term (1989-1993). Obama began to undo some of the damage caused under his and the Gipper's terms.
He's only viewed with rose-colored glasses because the current vulgarian is so awful. He was a warmonger and the US incarceration rate increased 40%(!) during his tenure as President. We're still paying for some of the policies of his era today.
Frankly, I think this country would have been a better/different place today if Michael "card-carrying ACLU" Dukakis had won in 1988. I don't really have much else to say about the guy, honestly. I have no emotional interest in mourning him.
Agreed about the shared/gig/techbro economy needing to burn down. But then again, this is pretty benign. Pre-fab houses have been around since the early 1900s, nothing new.
Problem is that the majority of costs associated with housing are land costs, at least in areas where there are jobs and people want to live.
You mean "authoritarian" not "libertarian."
Yes, I asked for an ATM card only, not a CheckCard, since my previous card had been compromised by fraud. This allowed criminals to purchase directly from my account without a PIN.
Privacy rights (the right to be anonymous by using cash for business transations) is actually something worth using force over. It would be a welcome change from the past, anyway, where governments in bed with corporate entities did their best to reduce privacy.
Good. Then time to raise the fine to $50,000 for subsequent offenses, with no business license/health inspection renewal until it's paid.
Yeah, they have a right to fines or a nightstick to the bean if they don't respect customers' privacy by accepting cash.
Or you accept some level of theft, which will probably be lower than the fees charged by banks to accept cards in the US (also theft, just legal).
Plenty of people who value their privacy HAVE complained about the spread of cashless businesses ... the way to solve an epidemic is to catch it before it becomes pandemic.
Maybe he's using "social justice credit" to sell his idea without being accused of being a paranoid privacy-kook.
NYC's crime rate isn't particularly high compared to other US cities. I've always carried cash in NY, have never been robbed.
OTOH, privacy dictated from on high (cash == privacy) is a welcome change from the norm. I like this councilman...
The choices and privacy of the public are more important than those of business owners. Also, this prevents restaurants from being forced into coercive contracts with card companies, because they'd be illegal. As in "If you take MasterCard, you can't also accept cash," won't fly.
Left your ID or your phone, went to an ATM and got some cash. Then learned to carry money if you wanted to patronize businesses...
The article is about DC, not NYC. Also, they're not legalizing fare evasion, just making the fine proportional to the crime and not sticking people with a criminal record for life for it.
Say you don't pay the $2 metro fare. How is that different from deliberately parking in a metered space and not paying for it? Why should one be a slap on the hand and the other a jailable offense?
The goal might not only be race and class equality, but preservation of privacy.
Government, banksters, and the advertising-industrial complex.
I eat food from street vendors and don't really give a fuck...
Depends where in Europe. Some of the former Soviet satellites and Southern Europe are mostly cash economies. They tend to value their privacy. Not every country is Sweden or Denmark.