By simple fact of economics rents for those apartments would be cheaper and you wouldn't have to wave a magic wand and make a wish for lower rents like you do with new construction.
My apartment complex is 50 years old. Is the rent cheaper than the brand new apartment complex built down the street? Nope. They both have brand new exterior paint and landscaping, advertising themselves as luxury apartments, and charging similar luxury rental rates. The only way you can tell that my apartment complex is old is from the elevators that have doors that you pull open before getting in.
I'm a honest person. But I use the tax laws to my advantage by converting earned income into portfolio and passive income to lower my tax rate and build wealth.
Your response is akin to something an apple lawyer would say.
Your response is something that a wage slave would say. There's nothing wrong with paying more in taxes and staying poor.
The reason he has to pay 50% in the first place is that too many people - particularly the rich - do precisely the kind of dodgy tax-avoiding shit you are advocating.
Where did I advocate "dodgy tax-avoiding shit" in my comment?
Earned income is taxed at the highest rate. Portfolio (stocks) and passive (real estate) are taxed at a lower tax rate. There's nothing dodgy about converting earned income into portfolio and/or passive income by investing in stocks and real estate. If your portfolio or passive income exceeds your earned income that you can stop working for earned income, your tax rate is significantly lower. Smart people use the tax laws to their advantage to build wealth. If you want to be a wage slave for the rest of your life, that's your business.
If the Woz is paying 50% in taxes, he's doing his finances wrong. Earned income is taxed at the highest rate. Portfolio and passive income is taxed a lower rate. He needs to convert his earned income into portfolio and/or passive income. The less earned income he has, the less in taxes he will pay.
They can do it because you want to live there. Its called economics.
Luxury development is a nation-wide problem.
Out of every five multifamily rentals built in the country's biggest cities from 2012 to 2014, four were luxury apartments "that command rents in the top 20 percent of the market," the Wall Street Journal reported Wednesday. The 82 percent figure that real estate researchers at CoStar Group came up with in its analysis for the newspaper is an average of data from 54 separate metro areas. The percentage is even higher in some cities from the list, such as Atlanta's 95 percent luxury construction rate from the three-year period.
Solar construction is picking up in the oil states.
Plunging oil and gas has generated more than 84,000 pink slips in Texas, according to the Texas Alliance of Energy Producers. But many rig hands, roustabouts, pipe fitters and even some engineers are finding a surprising alternative in the utility-scale solar farms rising from the desert near the border with New Mexico.
Last year, more than 95% of building permit applications are denied, by the same politicians that complain about a lack of affordable housing.
How many of those building permit applications were for affordable housing? I wouldn't be surprised if they were all for luxury condo units. Developers love luxury project because they can make more money. My apartment complex has gone through three corporate owners in as many years, each of them splashing exterior paint and redoing the landscaping to charge luxury rents.
You're still at the mercy of the banks with a credit union, its just that now you have a middle man between you.
My credit union doesn't charge a fee for having a checking account, making an in person transaction with a teller, or using an out of network ATM. The monthly fees I pay for being a credit union customer is zero.
I have been trying to get a job as a brick layer for the last 2 years. However, because my name is not Hernandez, I am summarily disqualified.
That's funny. When I applied for unemployment benefits a few years ago, I discovered that "C RAMOS" was using my Social Security number. With my Social Security number, he got himself a job. Maybe your problem isn't your last name but your Social Security number (or lack thereof). Employers won't hire anyone off the street without a Social Security number.
We could end crime by embedding a chip into everyone so we could track everyone's movements and know exactly were everyone is at every second. I don't see anyone jumping at that idea.
Police departments are too busy setting up CC cameras with face recognition to cattle brand everyone with a chip.
But consider - you could also be living modestly while working far less, giving yourself far more time to enjoy the rewards of that modest lifestyle as you see fit.
I'm already doing that. My employment contracts for the last 10+ years prohibits me from working more than 40 hours per week. None of the Fortune 500 companies want to pay overtime anymore.
Unless your family medical history suggests otherwise, attempting to budget your retirement to reach 90 or 100 probably means you've deprived yourself of enjoying that wealth while you were young and healthy to no good purpose.
I would rather be the guy everyone thinks is poor for living a modest lifestyle and surprise everyone by leaving a fortune behind. Living a modest lifestyle has its own rewards.
Besides, life expectancy in the US is ~79 years - just to live an expected 30 years beyond your day of retirement would require retiring at 49.
Not everyone can retire early. Most people retire between 59-1/2 and 65, and those who are outliving their retirement funds are in their 90's or 100's.
If you're healthy enough to live for 30 more years, you're probably healthy enough to work a little longer, too.
My father retired at 59-1/2 because his older brothers died at 60 right on the dot. A year later he went back to construction work on a semi-retired basis for another 15 years. He worked 50 years at the same company for three generations of owners. Six months later he died.
Slashdot Mirror
Obviously wrong - in a few billions years the sun will destroy the Earth.
That event is four billion years out. It's also when the Milky Way and Andromeda galaxies will start merging together.
It's only hope is human intervention.
You're assuming that humanity will still be around then and have the technology to relocate planets to a different solar system. Very unlikely.
By simple fact of economics rents for those apartments would be cheaper and you wouldn't have to wave a magic wand and make a wish for lower rents like you do with new construction.
My apartment complex is 50 years old. Is the rent cheaper than the brand new apartment complex built down the street? Nope. They both have brand new exterior paint and landscaping, advertising themselves as luxury apartments, and charging similar luxury rental rates. The only way you can tell that my apartment complex is old is from the elevators that have doors that you pull open before getting in.
The Woz is an honest person.
I'm a honest person. But I use the tax laws to my advantage by converting earned income into portfolio and passive income to lower my tax rate and build wealth.
Your response is akin to something an apple lawyer would say.
Your response is something that a wage slave would say. There's nothing wrong with paying more in taxes and staying poor.
The reason he has to pay 50% in the first place is that too many people - particularly the rich - do precisely the kind of dodgy tax-avoiding shit you are advocating.
Where did I advocate "dodgy tax-avoiding shit" in my comment?
Earned income is taxed at the highest rate. Portfolio (stocks) and passive (real estate) are taxed at a lower tax rate. There's nothing dodgy about converting earned income into portfolio and/or passive income by investing in stocks and real estate. If your portfolio or passive income exceeds your earned income that you can stop working for earned income, your tax rate is significantly lower. Smart people use the tax laws to their advantage to build wealth. If you want to be a wage slave for the rest of your life, that's your business.
If the Woz is paying 50% in taxes, he's doing his finances wrong. Earned income is taxed at the highest rate. Portfolio and passive income is taxed a lower rate. He needs to convert his earned income into portfolio and/or passive income. The less earned income he has, the less in taxes he will pay.
Please tell me where I can find a live one.
Great white sharks are the closest living relative for the dinosaur. Find one. I'm sure you will get a mouth full.
They can do it because you want to live there. Its called economics.
Luxury development is a nation-wide problem.
Out of every five multifamily rentals built in the country's biggest cities from 2012 to 2014, four were luxury apartments "that command rents in the top 20 percent of the market," the Wall Street Journal reported Wednesday. The 82 percent figure that real estate researchers at CoStar Group came up with in its analysis for the newspaper is an average of data from 54 separate metro areas. The percentage is even higher in some cities from the list, such as Atlanta's 95 percent luxury construction rate from the three-year period.
http://thinkprogress.org/economy/2015/05/22/3662239/luxury-housing-80-percent-developers/
Solar construction is picking up in the oil states.
Plunging oil and gas has generated more than 84,000 pink slips in Texas, according to the Texas Alliance of Energy Producers. But many rig hands, roustabouts, pipe fitters and even some engineers are finding a surprising alternative in the utility-scale solar farms rising from the desert near the border with New Mexico.
http://www.wsj.com/articles/as-oil-jobs-dry-up-workers-turn-to-solar-sector-1461280612
Because our planet is dying and that trumps your right to be a unique snowflake.
Sorry to break the news. Mother Earth doesn't need humans. Never has, never will. Go ask the dinosaurs if you don't believe me.
Last year, more than 95% of building permit applications are denied, by the same politicians that complain about a lack of affordable housing.
How many of those building permit applications were for affordable housing? I wouldn't be surprised if they were all for luxury condo units. Developers love luxury project because they can make more money. My apartment complex has gone through three corporate owners in as many years, each of them splashing exterior paint and redoing the landscaping to charge luxury rents.
You're still at the mercy of the banks with a credit union, its just that now you have a middle man between you.
My credit union doesn't charge a fee for having a checking account, making an in person transaction with a teller, or using an out of network ATM. The monthly fees I pay for being a credit union customer is zero.
I have been trying to get a job as a brick layer for the last 2 years. However, because my name is not Hernandez, I am summarily disqualified.
That's funny. When I applied for unemployment benefits a few years ago, I discovered that "C RAMOS" was using my Social Security number. With my Social Security number, he got himself a job. Maybe your problem isn't your last name but your Social Security number (or lack thereof). Employers won't hire anyone off the street without a Social Security number.
Most banks screw their own customers first. A bank screwing itself is something else. Another reason to use a credit union.
Does this sound like collusion to anyone else?
Collusion is where companies agree to screw over consumers in private. That word doesn't apply to stop bitching about each other in public.
"Cartel"? Is that the word for it?
Apple.
Just a cool million, for what exactly?
Cat videos.
[...] due to the lack of a backup system.
Feature creep missed this one.
So, work less.
I'm already doing that. Why do you think I post comments on Slashdot from work? ;)
We could end crime by embedding a chip into everyone so we could track everyone's movements and know exactly were everyone is at every second. I don't see anyone jumping at that idea.
Police departments are too busy setting up CC cameras with face recognition to cattle brand everyone with a chip.
But consider - you could also be living modestly while working far less, giving yourself far more time to enjoy the rewards of that modest lifestyle as you see fit.
I'm already doing that. My employment contracts for the last 10+ years prohibits me from working more than 40 hours per week. None of the Fortune 500 companies want to pay overtime anymore.
Weed and video games are an expensive lifestyle.
Grow your own weed and wait until Steam has last year's PC video games on sale for $5 or less. Do more with less by living on a modest lifestyle.
Unless your family medical history suggests otherwise, attempting to budget your retirement to reach 90 or 100 probably means you've deprived yourself of enjoying that wealth while you were young and healthy to no good purpose.
I would rather be the guy everyone thinks is poor for living a modest lifestyle and surprise everyone by leaving a fortune behind. Living a modest lifestyle has its own rewards.
http://news.sky.com/story/1422048/frugal-janitor-was-secret-multimillionaire
Apple will put out a bid to build a new manufacturing plant on Mars. The USA, Russia and EU will fall in line to get the job.
Besides, life expectancy in the US is ~79 years - just to live an expected 30 years beyond your day of retirement would require retiring at 49.
Not everyone can retire early. Most people retire between 59-1/2 and 65, and those who are outliving their retirement funds are in their 90's or 100's.
If you're healthy enough to live for 30 more years, you're probably healthy enough to work a little longer, too.
My father retired at 59-1/2 because his older brothers died at 60 right on the dot. A year later he went back to construction work on a semi-retired basis for another 15 years. He worked 50 years at the same company for three generations of owners. Six months later he died.