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Campfire Tracker
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Campfire Tracker
Joined: Jul 2005
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Good Lord. What kind of damnfool bank even writes a 50 year mortgage, and what kind of damnfool signs up for one?
Staggers my mind. We took out a 15 year on our shack, and if I live to pay it off I will dance a jig...
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Joined: Feb 2010
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Campfire Ranger
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Campfire Ranger
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[
That’s how we end up with so many damn Yankees down south. That's my plan, been telling wife we'll advertise our house and acreage up north when the time comes........[lotsa Hokies in NOVA needing a mountain getaway]. At least I don’t dislike Hokies as much as Yankees...yes, I know. 15 years to get the cup back. 😂
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Sep 2011
Posts: 45,568 Likes: 32 |
Seems an awful lot of corporations did well enough that there were lumber and coal barons running them when their "employees" lived in company towns.
I have a sneaky suspicion if they were able to get the world as I suggested there would be more of the same.
Company coppers and Pinkertons to enforce their rules, seeing as how they'd be unregulated otherwise.
Geno When corporations do well, their investors do well! As for living conditions or area's that is not exclusive to corporations. Social economic classes will exist no matter what. I do get it, you need to be able to point a finger! Absolutely the investors do well if a corporation does well. But the low wage employees needed to proved the goods/services the corporation needs to make large profits, which drive investment return, rarely if ever have the wherewithal to invest, even in the corporation they work for. Which is perhaps why a smart employees will try to find work at a corporation that is employee owned or perhaps one that provide revenue sharing or company stock as a part of their compensation plan. Social economic classes will exist until the masses revolt and install Utopian Communism.............................the we all bees equals, right  But, there is that little fact, that corporations have no moral requirement to do other than provide a return for their investors.................their employees are basically either red or black marks on their ledgers. Geno
The desert is a true treasure for him who seeks refuge from men and the evil of men.
In it is contentment
In it is death and all you seek
(Quoted from "The Bleeding of the Stone" Ibrahim Al-Koni)
member of the cabal of dysfunctional squirrels?
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Sep 2011
Posts: 45,568 Likes: 32 |
Sure, but what it the median size? A fancier development with a goodly number of large new homes will skew the average more than a little in a small town. I'd imagine the new developments and those fancy "estates" are driving the average up all across America. And one of the reasons larger homes are still affordable for "many".................................. cheap labor! Folks I know in the construction trades basically haven't had a "raise" for a number of years. But the Pardee type developers keep selling bigger houses. Geno What about legacy construction vs lightweight? I bet that has something to do with it. Is lightweight construction anything like light beer or lite sour cream? Geno
The desert is a true treasure for him who seeks refuge from men and the evil of men.
In it is contentment
In it is death and all you seek
(Quoted from "The Bleeding of the Stone" Ibrahim Al-Koni)
member of the cabal of dysfunctional squirrels?
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Joined: Jan 2010
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Campfire Ranger
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OP
Campfire Ranger
Joined: Jan 2010
Posts: 23,599 Likes: 8 |
Good Lord. What kind of damnfool bank even writes a 50 year mortgage, and what kind of damnfool signs up for one?
Staggers my mind. We took out a 15 year on our shack, and if I live to pay it off I will dance a jig...
15 years ago I was out in Pasadena working with some consultants. One guy in the group was celebrating the purchase of a home which was a huge deal to those guys. He was thrilled with having an interest only loan - meaning he was just paying the interest - nothing to principle on a $500K home that I believe if memory serves was 2000 sq ft. I doubt he ever thought about paying it off - and by now, his house payment is probably less than rent on a 2 bedroom apartment.
Last edited by KFWA; 12/03/19.
have you paid your dues, can you moan the blues, can you bend them guitar strings
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Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2008
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But, there is that little fact, that corporations have no moral requirement to do other than provide a return for their investors.................
Geno
Nor does any other type of business.
Eat Fish, Wear Grundens, Drink Alaskan.
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Sep 2011
Posts: 45,568 Likes: 32 |
But, there is that little fact, that corporations have no moral requirement to do other than provide a return for their investors.................
Geno
Nor does any other type of business. Yeah, I know. Kinda sad.......but then again neither does any individual have any moral requirement to do anything unselfish either............ Maybe "they" will fix that when we leave this planet for Mars to start a new world? Geno
The desert is a true treasure for him who seeks refuge from men and the evil of men.
In it is contentment
In it is death and all you seek
(Quoted from "The Bleeding of the Stone" Ibrahim Al-Koni)
member of the cabal of dysfunctional squirrels?
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Joined: Jun 2008
Posts: 13,359
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2008
Posts: 13,359 |
Good Lord. What kind of damnfool bank even writes a 50 year mortgage, and what kind of damnfool signs up for one?
Staggers my mind. We took out a 15 year on our shack, and if I live to pay it off I will dance a jig...
15 years ago I was out in Pasadena working with some consultants. One guy in the group was celebrating the purchase of a home which was a huge deal to those guys. He was thrilled with having an interest only loan - meaning he was just paying the interest - nothing to principle on a $500K home that I believe if memory serves was 2000 sq ft. I doubt he ever thought about paying it off - and by now, his house payment is probably less than rent on a 2 bedroom apartment. 15 years ago on an ARM he more than likely made a killing on it. If he held it 5 years that would put him around 2009 after the fallout. More than likely at the least doubled his coin. If he sold it in 2007 he probably tripled his coin at least.
Eat Fish, Wear Grundens, Drink Alaskan.
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Joined: Jun 2008
Posts: 13,359
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2008
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But, there is that little fact, that corporations have no moral requirement to do other than provide a return for their investors.................
Geno
Nor does any other type of business. Yeah, I know. Kinda sad.......but then again neither does any individual have any moral requirement to do anything unselfish either............ Maybe "they" will fix that when we leave this planet for Mars to start a new world? Geno Corporations get a lot of bad raps. There are some very good corporations to work for. A lot of corporations provide not only very good wages but compensation packages as a whole. It is up to the individual to capitalize on those compensation packages. There are good and bad in everything. The bottomline is a general rule of thumb is everyone/everything looks after its best interest first. With that said a lot of people don't have the discipline that it takes to make it. We want this, that, and the other thing and we want it now! That is not a successful recipe for wealth!
Eat Fish, Wear Grundens, Drink Alaskan.
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Campfire Ranger
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Campfire Ranger
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Salary is in direct proportion to risk taken to make it. CEO’s risk the entire company, burger flippers risk undercooked meat.
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Joined: Dec 2010
Posts: 19,353 Likes: 28
Campfire Ranger
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Campfire Ranger
Joined: Dec 2010
Posts: 19,353 Likes: 28 |
Salary is in direct proportion to risk taken to make it. CEO’s risk the entire company, burger flippers risk undercooked meat.
Bullshyt. Roofers, saw mill workers, etc. risk their lives and limbs every day for peanuts.
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Joined: Jan 2012
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Campfire Ranger
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Campfire Ranger
Joined: Jan 2012
Posts: 26,729 Likes: 14 |
Salary is in direct proportion to risk taken to make it. CEO’s risk the entire company, burger flippers risk undercooked meat.
Bullshyt. Roofers, saw mill workers, etc. risk their lives and limbs every day for peanuts. Apples to Oranges...and all of that.
FJB & FJT
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Campfire Ranger
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Campfire Ranger
Joined: Jan 2012
Posts: 26,729 Likes: 14 |
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That’s how we end up with so many damn Yankees down south. That's my plan, been telling wife we'll advertise our house and acreage up north when the time comes........[lotsa Hokies in NOVA needing a mountain getaway]. At least I don’t dislike Hokies as much as Yankees...yes, I know. 15 years to get the cup back. 😂 From the looks of who has what coming back [barring major transfer portal moves] the Hoos best enjoy that Cup while they have it. 
FJB & FJT
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Joined: Jun 2008
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Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2008
Posts: 13,359 |
Salary is in direct proportion to risk taken to make it. CEO’s risk the entire company, burger flippers risk undercooked meat.
Bullshyt. Roofers, saw mill workers, etc. risk their lives and limbs every day for peanuts. You completely missed his valid point.
Last edited by MontanaCreekHunter; 12/03/19.
Eat Fish, Wear Grundens, Drink Alaskan.
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Joined: Jan 2012
Posts: 26,729 Likes: 14
Campfire Ranger
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Campfire Ranger
Joined: Jan 2012
Posts: 26,729 Likes: 14 |
Salary is in direct proportion to risk taken to make it. CEO’s risk the entire company, burger flippers risk undercooked meat.
Bullshyt. Roofers, saw mill workers, etc. risk their lives and limbs every day for peanuts. You completely missed his valid point. Ya think??????
FJB & FJT
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Posts: 61,020 Likes: 72
Campfire Kahuna
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Campfire Kahuna
Joined: May 2016
Posts: 61,020 Likes: 72 |
Hehehehe......the Republicans have blown it.....by the looks of it.
I guess no one wants the lower....to lower middle class.
I am MAGA.
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Joined: Sep 2011
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Sep 2011
Posts: 45,568 Likes: 32 |
Hehehehe......the Republicans have blown it.....by the looks of it.
I guess no one wants the lower....to lower middle class.
Did anyone ever? Maybe the Peon's Poor People's Party? Geno
The desert is a true treasure for him who seeks refuge from men and the evil of men.
In it is contentment
In it is death and all you seek
(Quoted from "The Bleeding of the Stone" Ibrahim Al-Koni)
member of the cabal of dysfunctional squirrels?
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Joined: May 2016
Posts: 61,020 Likes: 72
Campfire Kahuna
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Campfire Kahuna
Joined: May 2016
Posts: 61,020 Likes: 72 |
Well....the Demos used to claim they were for the little guy.
Not the case now....but also looks like the Repubs dont want or need em either.
Just hush and be good little consumers-tax livestock.....
I am MAGA.
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Campfire Kahuna
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Campfire Kahuna
Joined: May 2004
Posts: 56,276 Likes: 37 |
It is the Land of Opportunity, not guarantees. The premise of the article in the OP is BS.
I am..........disturbed.
Concerning the difference between man and the jackass: some observers hold that there isn't any. But this wrongs the jackass. -Twain
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Joined: Feb 2010
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Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 17,927 |
It’s haves/have nots. Not Republican/Democrat. There isn’t a person on a board of supervisors or city council that isn’t controlled by the big spenders in town.
Why the hell are people like Gates, Buffett, Zuckerburg, Oprah, etc. helping to “make” public policy? And who the hell are they?
They’s rich, that’s all....
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