They Built It and You Bought It: 2628 W. Homer in Logan Square
We last chattered about this 4-bedroom new construction home at 2628 W. Homer in Logan Square in September 2011.
See our prior chatter here.
Listed at $699,000, many of you wondered who would pay that much west of Western even though you liked the contemporary style of the home.
The house recently sold for $680,000.
Built on a 24×125 lot, the contemporary style home had a wall of glass facing the street.
3 out of the 4 bedrooms were on the second floor with the fourth in the lower level.
The kitchen had dark wood and white modern cabinets with quartz counter tops and stainless steel appliances.
There was also a butler’s pantry.
The listing also said the house came with an intercom/security and camera system.
Melissa Govedarica at Sergio & Banks had the listing. You can still see the interior pictures here.
2628 W. Homer: 4 bedrooms, 3.5 baths, 3800 square feet, 2 car garage
- Sold in October 2010 for $135,000
- Originally listed in February 2011 for $799,900
- Reduced several times
- Was listed in September 2011 at $699,900
- Sold in October 2011 for $680,000
- Central Air
- Taxes are “new”
- Bedroom #1: 16×14 (second floor)
- Bedroom #2: 16×12 (second floor)
- Bedroom #3: 13×10 (second floor)
- Bedroom #4: 13×12 (lower level)
Nicely finished. Don’t love the location but the location is reflected in the price. If the buyer bought for a long-term home (and schools aren’t an issue) they will do fine. When houses like these sell, I think it reflects the fact that many people think we have hit bottom (or are close enough that its worth taking advantage of interest rates) and that many young couples would prefer to buy a less expensive single family that might live larger (and longer) than an equivalently priced condo.
Seems like a decent purchase.
Seems like a knife catcher stuck with the nicest newest and soon to be dated home on a block west of Western. I truly feel sorry for these buyers but you can’t fix stupid. You cannot fix stupid. That’s why I feel bad for them, they’re too dumb to even realize what a dumb decision it was to buy a 680 ‘modern’ house in a changing area of the city without decent public schools. Dumb dumb dumb.
approximate Mortgage Price per month @ current jumbo interest rates with 20% down
4.25% – 2678/mo
last year
5.25% – 3006/mo
year before
6.25% – 3351/mo
why is now a bad time to buy again? Prices and rates are really low, I think its the missing 136k of down payment that is holding people back.
hd, how much would it cost to rent a house like this? 4k a month?
For 680k there are plenty of other options. Speaking of options, I put the odds at 2:1 the buyer is involved in finance in someway. Two way overpriced homes in the areas I watch sold and had large downpayments courtesy of the finance industry. How can the plebs compete with that!!!
so its a great time to buy sonies? Did you just renew your NAR membership?
What is funny about finance industry is the media are hyping up the layoffs but they are relatively small vs what would’ve happened in 2008 if capitalism were allowed to run its course. Other career options for a derivatives trader are teaching calc at UIC for 60k/yr. Other career options for bond salespeople include selling BMWs for 60k/yr or Hondas for 40k.
HD doesn’t like this place. Someone else did and bought it. Not everyone has kids, plus who says the school won’t be good in a few years.
“Other career options for a derivatives trader are teaching calc at UIC for 60k/yr. Other career options for bond salespeople include selling BMWs for 60k/yr or Hondas for 40k.”
Ha. Nailed it.
Not everyone has a car but its dumb to buy a place without parking. Not everyone has children but its dumb to buy an upper middle class sfh in an area without acceptable elementar
This is an interesting area. There is quite a bit of tear down activity and $500k+ homes being sold. I don’t personally see the value here, but I guess if you want to live around here in a brand new home this fits the bill.
Bada-bing:
“Chicago, Illinois – Vice President – Senior Relationship Manager at The Northern Trust Company”
Executed Recorded Document Type Amount
10/18/2011 10/21/2011 MORTGAGE $340,000.00
2:1 odds MF, 2:1, pay up. Big down payment courtesy of the financial services industry.
Crazy how in times of 99% vs. the 1% the financial services continues to produce so many buyers of expensive homes.
And I actually like this home, but it’s still a dumb purchase, but the lasting effects of the dumb nature of the purchase are mitigated by the buyer when there is so much cash floating around…easy come, easy go.
wow. 680. very bullish.
Funny, taunting headline too.
Your opinion HD. And likely wrong.
“Not everyone has children but its dumb to buy an upper middle class sfh in an area without acceptable elementar”
Maybe they have zero intention of sending their kids to public school (and if folks don’t mind Catholic, that opens up a lot of reasonably priced good options). Having purchased in what is arguably one of the best elem attendance areas, I will say that we still hope to go the nonreligious private route, with the public as a backup option.
I don’t get the hating on the buyer here. A 20+ year career, plus a decade building equity on the prior home are behind the down payment. Nothing but respect for that.
Rally: 15% of the population is on food stamps and yet the bankers have $350,000 down payments for their new construction modern home in hip hot Logan Sq.
Come on, get real. This is one step removed from the gilded age.
How can the 99% compete with the banking and finance industry?
Over and over again i’ve shown in this recession that the finance and banking industry has produced an outsized share of home buyers in chicago. I made my guess above not even looking at ccrd and when I got to a desktop, i searched, and my suspicious were confirmed.
I consider myself a capitalist and not a socialist but this is not fair, this is crony capitalism, and you’ve bought into their line of BS hook, line and sinker. How do you feel about that?
Agree w/ Rally. No one can make both sides of the argument like HD- he attacks everyone that bought with less than 20% down, and has now found a way to attack everyone that makes a 20% (or more) down payment.
Tell us, HD, what is an acceptable sized down payment?
annony:
you bought in an area with a great public school, right?
so what the F are you talking about?
Rally-people LOVE to hate on here.
I think this is a great place, I personally love the finishings. Not my ideal neighborhood, but I think sub 700 was a decent price for this house.
It’s not about the down payment, dummies, it’s about the bailed outcrony capitalism industry that gives it’s employees outlandish sized incomes.
“chi on November 2nd, 2011 at 10:39 am
Agree w/ Rally. No one can make both sides of the argument like HD- he attacks everyone that bought with less than 20% down, and has now found a way to attack everyone that makes a 20% (or more) down payment.
Tell us, HD, what is an acceptable sized down payment?”
“Not everyone has children but its dumb to buy an upper middle class sfh in an area without acceptable elementar?”
Whoa mister. I grew up here and went to the local elementary and Jr High and I turned out fine. Don’t make me leave my shift at the hot dog stand to come kick your butt!
“arguably one of the best elem attendance area”
arguably hmmmmmm,
dont make me do it as i have pointed out many times over better elem attendance area schools.
well lets say the best school that has proximity to a zoo and lake then i will get on board with that.
I think the best attendance school is Bell. Not too close to the Lake or Zoo.
Better is a ‘relative’ term, dummy.
HD, stop the hating and envy. You chose to make your bed with law school. Chicago is probably the largest financial and professional services market outside of NYC. Of course the odds are the buyer is in one of those fields.
Who are you to say what anyone is worth? There is no conspiracy. The free market sets salaries and incomes. If you want to make more money, find a new career or figure out how to be the top of your chosen one.
This house could be $250k and you would still be complaining about how it is too expensive. Since there is a mortgage, the comps clearly say the house is worth what he paid. Might he lose value? Maybe. However, if he is here for the long term there is a good chance he could also be sitting pretty.
Really, HD? What does someone buying a $700k home 2/3 of the way through their career have anything to do with the finance industry?
I could understand your class rage if this was a $3 million+ home, but getting this bent out of shape over $680k? Truly bizarre.
PS. I went to a Halloween party at my neighbor’s new 4 million+ SFH in ELP this weekend. Guess what he does? Law partner. He’s 45 years old.
I hope you share similar outrage on that purchase.
Just because you thought you’d be entitled to a $700k home at your age because you went to law school, and it didn’t happen for you, doesn’t give you the right to pin your personal failings on someone who worked hard and saved their money.
Here’s an idea, stop breeding until you can actually afford the fancy house you think you deserve. Oooops! You blew it already!
Tell it to the 99% Russ, tell it to the 99%. If you truly believe that incomes in the financial industry are set through the ‘free market’ then I’ve got a bridge to sell you in Brooklyn.
It’s not about my income, my income is just fine. I’m not jealous of envious at all. I’m pissed that 15% of the population is on food stamps while employees of the bailed out financial industry are purchasing $680,000 new construction homes during arguably the worst year for new construction homes ever.
It’s about the thieves who have been hoarding more than their fair share, have access to the honeypot and get bailed out. Northern Trust might be a little more respectable, but, they are also the bank of every president as far back as I can remember…hhnnmmmm…
This is not about me, assholes, it’s about them. Stop trying to point the finger away from the thieves.
Again, this has NOTHING at all to do with me. I do JUST FINE. I have plenty of money to get by.
It’s about them. It is an US vs. THEM thing. 99% vs 1%. $350,000 down payment while over half the country doesn’t even have an emergency fund of $1,000.00. Financial services industry buyer.
Some Banks were bailed out, many were not. I can think of one in particular that was basically told to take TARP even though it wasn’t needed or wanted. The Bank accepted out of duty to country.
“The Bank accepted out of duty to country.”
HHAHAHAAHAHAHHAHAHAHA that’s funny
What does this have to do with the finance industry?
We are living in the worst economic crisis in 80 years and the buyer of a new construction home, during a time in which sales of new construction homes are near the lowest levels since 1963, and the buyer of the home works for a bank? are you kidding me? Do you not see a connection here?
“Arch Snarky Commentator on November 2nd, 2011 at 11:02 am
Really, HD? What does someone buying a $700k home 2/3 of the way through their career have anything to do with the finance industry?”
Maybe, but it’s true.
Enough ranting for the day, I got my point across, with a lot of hyperbole and a bit of drama, but I think my point is still valid and poignant, but better left as a mere footnote and apropos observation of the state of the market today.
This is the internet folks, don’t take everything you read so seriously.
yes homedelete, its amazing that people that work with money for a living are good with money and make decent money…
If only lawyers knew a damn thing about money, our country wouldn’t be facing a current 14 trillion dollar debt with 50% deficit spending year after year for future decades and beyond, while the real crooks, on actual wall st. (not advisors at NTRS) manipulating markets go scot free to do as they please.
“We are living in the worst economic crisis in 80 years and the buyer of a new construction home, during a time in which sales of new construction homes are near the lowest levels since 1963, and the buyer of the home works for a bank? are you kidding me? Do you not see a connection here?
homedelete on November 2nd, 2011 at 11:16 am”
And my neighbor, a law partner just bought a house more than 5 times as expensive as this one.
Where is your outrage at that?
When do we smoke the lawyers out?
The only connection here is you think everyone that works in banking and finance is some huge baller, when if fact it’s just like law, some folks just can’t hack it and go wanting. Some even make a bunch of dumb decisions, like having kids when they can’t afford them, which prevents them from living as high on the hog as they’d like.
And HD- the worst time to buy is when the housing market is good, so you are actually contradicting yourself by saying stupid shit like;
“I’m pissed that 15% of the population is on food stamps while employees of the bailed out financial industry are purchasing $680,000 new construction homes during arguably the worst year for new construction homes ever.”
Buy an asset low, sell high right? And who cares that 15% of the population is on food stamps, if they didn’t want to be on food stamps, most of those people would get a job that doesn’t pay under the table, or take some personal responsibility in their lives by not having children they can’t afford.
And for the record, NTRS was NOT bailed out, they are a very respectable, responsible bank. Your outrage once again is misplaced.
“$350,000 down payment while over half the country doesn’t even have an emergency fund of $1,000.00. Financial services industry buyer.”
So you just want everyone to be broke?
I like this thread……..
“why is now a bad time to buy again? Prices and rates are really low, I think its the missing 136k of down payment that is holding people back.”
Then waiting for higher rates is the answer. The howmuchamonth crowd would pay $2678 P&I 30 yr with $136,000 down on this $680,000 purchase. That same payment at 5.25% would make the place worth $606,250 with $121,250 down required. At 6.25% it is worth $543,750 with $108,750 down required.
It is better to buy with higher interest rate and lower price, since you can refi if rates improve but can’t change your purchase price, and your down payment is lower. The current govt created low rates are a trap. This example also illustrates how lowering rates can serve to buoy prices – they just better be the same or lower when you go to sell.
Question for the non-jagoffs and non-simpletons: Do programs like Operation Twist facilitate speculation, and if so, how does this lead to price discovery?
I’m kind of torn over knifecatchers like this one. On the one hand, they put funds in the system that the banksters would otherwise require from taxpayers. On the other hand, they delay price discovery by falling for the govt’s RE market manipulations. Either way, they at least provide something for us to talk about during the Great Decline.
Some banks wouldve survived & surely NT was one of them. But keeping the bad banks alive was both a huge waste of resources & criminal, IMO.
And you’re calling other people simpletons? What’s next next, you expounding on life’s other enduring non-mysteries, such as “is it better to buy low or sell high”?
“It is better to buy with higher interest rate and lower price, since you can refi if rates improve but can’t change your purchase price, and your down payment is lower.”
OH, never mind – you are a simpleton, I forgot. Locking in at a low rate is a TRAP? My god, I hope you do not give financial advice for a living.
“The current govt created low rates are a trap.”
G check out this chart, rates are going to continue to go down for a while (like they have for the last 30 years), especially with our drunken sailor spendaholics in DC being enabled by the fed.
It took world war two and 15 years for rates to go significantly well above where they were in 1941 (12 years after black tuesday and years after the great depression)
http://www.multpl.com/interest-rate/
There is an extremely strong down channel on that chart, like I said a few months ago, it would not surprise me to see 2-3% mortgage rates for an extended period of time between 2013-2017
I LOVE this thread……finally, the chatteratti are realizing that HD and G are totally full of it!!!
Build contemporary and they will come. Developers need to get wise to this and build in the green zone, places like this (and condos) get snatched up quickly.
Back to the house…
We went through this – it is that Ultimate Homes (or something like that) builder and very nice. Looked at another one of their homes on Erie this weekend. This one (on Homer) we liked better. Builder seems to be doing quite well and pricing appropriately to sell. Incidentally, we’ve decided there’s no home priced low enough for us to live west of Western (in West Town/Wicker Park/Bucktown vicinity).
I hardly think someone who buys a $650k house is the type of “banking executive” that led to the banking issues in this country.
If people don’t like the big banks, go to a credit union. Take your money elsewhere.
I hate that the government bailed out banks, but just because someone is banker, doesn’t make that person evil. More people should be saving and buying houses with large down payments. It sounds like the buyer of this place was responsible with his money (unlike the supposedly huge percentage of people who have less than $1,000 in savings).
My fake internet outrage is not misplaced. I don’t want everyone to be broke, nor do I want members of the chosen profession to be living very well while the construction workers who built the house are probably one paycheck away from bankruptcy.
I wonder how many of the 65% that don’t have 1k in the bank, own a new Ipad, Iphone, lease a new car, take vacations every year, etc.?
HD. Question. Just curious. Did you ever think it must be easy, with all these dummys makin all this money, and sit in front of a computer on some kinda e-trade account, and give it a try? Amazing how many people would have to say yes, although they probably did it in a manner that they could later tell themselves that they weren’t really tryin.
Stunning home and a lot of home for the money. Location may not be the best, but it’s not bad and the price reflects the neighborhood. I would be proud to own this house!
HD – shut the fuck up. I hope you fucking starve and like it. Move to India. This misdirected populist rage is a plague on America.
That’s what they want you to think, Andy. You’ve bought their BS hook, line and sinker. After the 1% put down 99% in the Jacquerie it took another 350 years for the 99% to again rise up against the 1% who owned damn nearly everything. You’re getting screwed and you’re smiling at the same time. Good boy, keep it up.
“Andy on November 2nd, 2011 at 1:54 pm
HD – shut the fuck up. I hope you fucking starve and like it. Move to India. This misdirected populist rage is a plague on America.”
Going into Politics, HD? You seem to be shouting a lot of populist slogans lately… politics does indeed pay well (compared to whatever it is you do now)
This builder is doing really well…. They have another home on N Artesian (1 block west of Western) that just went under contract.
I make more money than you do Sonies. And I earn every penny of it. Nor do I work in the financial industry like you.
Have your keepers decided to pay you $100k a year yet? Or is that just the guy in the cubicle next to you.
“Then waiting for higher rates is the answer. The howmuchamonth crowd would pay $2678 P&I 30 yr with $136,000 down on this $680,000 purchase. That same payment at 5.25% would make the place worth $606,250 with $121,250 down required. At 6.25% it is worth $543,750 with $108,750 down required.
It is better to buy with higher interest rate and lower price, since you can refi if rates improve but can’t change your purchase price, and your down payment is lower. The current govt created low rates are a trap. This example also illustrates how lowering rates can serve to buoy prices – they just better be the same or lower when you go to sell.
Question for the non-jagoffs and non-simpletons: Do programs like Operation Twist facilitate speculation, and if so, how does this lead to price discovery?”
I assume this was all snark.
Look up the Jacquerie to see what happens when the 1% owes the 99%. Unfortunately it didn’t end so well for the peasants. But it sure was bloody.
“This builder is doing really well…. They have another home on N Artesian (1 block west of Western) that just went under contract.”
That buyer is a knifecatcher too, right HD….
Mark you calendar for the next bloodbatch: May 15-22, 2012–the G8 summit hits Chicago.
Cool, go kill somebody, HD. Then all those bankers will buy you a free lunch everyday for the rest of your life – in prison. This is probably the best solution.
You really do have the world all figured out. People like you are too dumb to even know who you should be angry at – which is why most of us are just ignoring you. Go beat a drum in grant park.
Is HD #occupyingcribchatter ? Is that what this is?
“I wonder how many of the 65% that don’t have 1k in the bank, own a new Ipad, Iphone, lease a new car, take vacations every year, etc.?”
My wife and I were actually joking about this last year. We were looking at a few REOs in our area and I swear the empty Iphone/ Ipad box was the common denominator in all of them. These were mostly places with mortgages likely under $1200/ month.
I’m already planning to take a vacation when the summit is here. Why they couldn’t hold it in Washington DC is beyond me.
If people are so upset that their job doesn’t pay well enough, they should have thought about that when deciding on a career. It’s annoying to hear people in various professions whine that they don’t make enough. Don’t like what it pays to be a teacher? Become something else… I purposely chose a low paying/low stress job. I don’t ask for hand outs or whine that I should be making more or hold a grudge against the “rich”. (I still consider myself “poor,” but I know I’m making what I’m making because I chose this situation.) My friend is a “big shot” type banker with USB…living the life in Moscow with a bunch of other rich guys who have to take clients to visit the best prostitutes in Moscow and have to constantly go out and wine and dine these clients… I wouldn’t trade my life for his even though he makes more in one year than I might make in 20 years.
haha hd- you don’t know squat about my situation, good thing, because you are quite creepy 8)
“G check out this chart, rates are going to continue to go down for a while”
I agree. They want to prop up RE prices. However, affordability keeps increasing based on price and rates only. That means the rate declines are not stopping price declines, just slowing them.
So would you agree then that our current situation of dropping prices and rates simultaneously means that homes are becoming more affordable (than in years past)?
jenny.. Tell HD about the cases of fine wine that get sent out as presents every X-Mas. Yep, those who least need… Gettin for free the best stuff… Tickets to the superbowl, french open, golf weekends… Open credit cards left at the best restaurants. Jacquierie.. The peasants were probably scary strappingly built farm hands back then… Now they attack on their fat person mobile cart…. Hook it up with a lance next to the happy meal basket.
“I assume this was all snark.”
All? No. Just don’t ask skeptic to determine what part. Jesus, he’s fuckin dense.
This is the internet, it’s a fun place to be. Andy is an idiot who can’t tell the difference between in the internet and real life and what is real and what is not. But he is part of the 99%; and the 1% remain far far wealthier than you could ever possibly imagine and pretty soon they will own damn near everything.
It really doesn’t matter what profession you choose, or if you make $50,000, or $100,000, or even $500,000. We’re all plebs when others are worth billions and billions and continue to amass more and more. Pretty soon they’re own damn near everything and funny enough, all you’ll own is an ipod.
and somebody who is naive will say “but you have an ipod, that’s why you’re poor”.
The big difference between past revolutions and the current situation is that we now live in a free world/free society. The poorest and most uneducated people can rise up to become the most powerful – it is all about their desires and willingness to work hard. In the past, the powerful people kept the little people down. That is no longer the case. HD and G have a case of the “sour grapes” but they are completely mistaken regarding the source at which they direct their anger.
why are you all attacking HD? When did free market economy come to mean you make bad decisions, screw up everything and still get huge bonuses and the gov. will bail you out?!
“It really doesn’t matter what profession you choose, or if you make $50,000, or $100,000, or even $500,000. We’re all plebs when others are worth billions and billions and continue to amass more and more. Pretty soon they’re own damn near everything and funny enough, all you’ll own is an ipod.”
I agree with this.
What sour grapes do I have, clio? I know much more about real estate than you, as I have repeatedly proven. Deep down you must know that I am better looking, more athletic and far wealthier than you, too. Quit being a hater, loser.
Really? this is how it works? Or have you been reading too many horatio algers novellas?
“The poorest and most uneducated people can rise up to become the most powerful – it is all about their desires and willingness to work hard. “
miumiu, of course you wouldn’t be so dense as to not understand that all organizations and all individuals have a self-preservation motive and act in their own best interest? You’re not going to change the incentives of man. There have been many errors in policy lately, that is without a doubt – but vilifying those earning high wages shows a shocking lack of comprehension about how the world really works. If you don’t like bailouts, get angry at those who did the bailing out on taxpayer money. Not the guy who went to business school, provided for a family, then tried to act in the best interest of the organization that hired him – Nah, you’re right, he’s the true criminal.
BTW, HD, I’m quite sure you make more money than me. Maybe I should be outraged at you? YOURE CONTROLLING ALL MY WEALTH! THE ONLY OPTION IS REVOLT! TONIGHT I BURN DOWN HD’S HOUSE! C’MON GUYS IT’S TOTALLY JUSTIFIED! Get a clue, HD.
Andy – you my internet friend are a complete moron, and your comment above is truly the stupidest thing I’ve ever read on cribchatter.
your suggestion that we collectively blame congress for bailing out the banks because the bankers were just doing their job is the most idiotic dumbest and moronic thing I think I’ve ever read. Amazing taht someone can make such an inane and ridiculous statement and expect to be taken seriously. THERE WOULD BE NO BAILOUTS IF THE BANKERS HADN’T SCREWED IT ALL UP IN THE FIRST PLACE!!! My god, what subpar CPS elementary did you attend?
HD, the vast majority of all businesses that have ever existed in this country failed. Having a failing business does not make you a villain.
Good discussion though, I’ll keep making points and you can harp on about how my elementary education makes me unfit to comment.
Having a failing business does not make you a villain, but when those that succeed own damn near everything, we all becomes villeins.
Ze will like this – Niall Ferguson on the decline of the West…
Daily Ticker Video: http://finance.yahoo.com/blogs/daily-ticker/west-doomed-fail-yes-don-t-start-working-173039195.html;_ylt=AoHmatPfMSyeIehCx.W6Bccp2YdG;_ylu=X3oDMTE2bGw3c2drBG1pdANEVCBJbmRleARwb3MDMTAEc2VjA01lZGlhQmxvZ0luZGV4;_ylg=X3oDMTFpMm9iMzh1BGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANibG9nBHB0A3NlY3Rpb25z;_ylv=3
So basically…it’s just capitalism you don’t like. I don’t know how anyone can follow this conversation and determine you have a problem with capitalism. There’s only two options:
A. You take issue with privatizing profits while socializing risks. You believe bailing out large financial institutions creates a damning moral hazard. This should lead to anger directed at your elected representatives who chose to protect the status quo instead of protecting the principles on which this country were founded – an admittedly difficult choice. – Your last post seems to make it clear that you are not choosing option A.
B. You take issue with those who seek wealth. You believe a profit motive is a malicious attribute. YOU ARE NOT A CAPITALIST. GTFO!
“So would you agree then that our current situation of dropping prices and rates simultaneously means that homes are becoming more affordable (than in years past)?”
Just as I have said here for years. Not to mention in the post you replied to. The deals will keep getting better, too.
Based on the CS index and rates/points alone, affordability has increased YOY for 44 straight months (thru last CSI for August.) It is currently off ~53% from the least affordable peak. This puts us at the trough of the early 90’s correction. Not too far from the 1987 levels before the last bubble. We might be there already, given the CS lag.
HD doesn’t have a house, he doesn’t want to be a knifecatcher.
“There’s only two options:”
Are you sure?
G – If you must be angry, you can either hate the policy or hate the people. If you hate somebody simply because he makes a lot of money – you are basically a Bolshevik.
Obviously there are thugs and white collar criminals all over the place, but suggesting that everyone in the financial services industry is deserving of your ire is truly childish.
“HD doesn’t have a house, he doesn’t want to be a knifecatcher.”
yeah, but the moron dropped 20k on a chevy w/60k miles – that alone should make everyone realize that this guy has his head up his ass (as does G – sorry, had to include you since you make me vomit).
And what’s wrong with not being a capitalist? Not that I’m not a capitalist, but what’s wrong with being something other than a capitalist? Why is capitalism the best and or only way? Mankind has survived thousands of years before crony capitalism and i’m sure will survive tomorrow if it were to go away.
“Obviously there are thugs and white collar criminals all over the place, but suggesting that everyone in the financial services industry is deserving of your ire is truly childish.”
VERY VERY TRUE, ANDY – thank you for calling G out on his idiotic conspiracy theories.
HD:. If history serves me correctly.. You pretty much find mercantilism to be crony ever since the pharaohs. Btw.. Please give miu back her lil red book. I remember the ‘ol less commie right wing HD.
HD, Capitalism is inextricably linked to your individual freedoms as a person. As you may or may not know this country was founded upon the principles of individual liberty. A rejection of Capitalism represents a wholesale destruction of the United States of America (rather than the slow trickle of destruction that’s been going on for the last century.)
I basically see no other way to interpret what you are saying as support for a full-fledged revolution. Hell, you’ve alluded to it multiple times.
Wow, rejection of capitalism = wholesale destruction of the USA.
Your hyperbole is even more hyperbole than my hyperbole!
“Obviously there are thugs and white collar criminals all over the place, but suggesting that everyone in the financial services industry is deserving of your ire is truly childish.”
When did I suggest any such thing, Andy?
“VERY VERY TRUE, ANDY – thank you for calling G out on his idiotic conspiracy theories.”
There’s your proof I didn’t suggest any such conspiracy. Clio is never right.
Capitalism is overrated.
G, you didn’t, but you did seem to be asking me to back up what I had previously said, and that was my attempt to do so. Nowhere in that comment did I say that you had made such an assertion.
Hey, Ze, maybe you could answer this for Brad F?
Question for the non-jagoffs and non-simpletons: Do programs like Operation Twist facilitate speculation, and if so, how does this lead to price discovery?”
Clio – have you looked at what cars cost these days? I don’t drive a lambo (no garage space being a renter) so that’s why I bought a used car. Cars are not cheap due to teh recession. I thought we had this discussion with Riz a few months ago.
yeah, but the moron dropped 20k on a chevy w/60k miles – that alone should make everyone realize that this guy has his head up his ass (as does G – sorry, had to include you since you make me vomit).
Dear lord, I hope that ain’t true!
silly convo… I am focussing on the development of the perfect creaminess of my rissoto… Poor people can eat rissoto… Cheap.. Rice… Stock… White truffle butter… ‘let them eat truffles’
now i must go call e-trade and ask where my prostitutes are?
Price discovery? It’s fucking place to live.
Was Riz the idiot who thinks only homeless people use public transit?
I love risotto, even without truffles! It makes it cheaper too.
“Nowhere in that comment did I say that you had made such an assertion.”
I know. It was vague enough to give clio enough rope, though. Thanks for proving his error. He never gets anything right.
“Price discovery? It’s fucking place to live.”
I’m happy that you are not concerned about the ongoing price declines and the govt’s failing attempts to mask them. Enjoy your new home.
For anyone who has shopped for a new or used car, shit is fucking expensive these days. SO before you go around judging and judging like fucking idiots, take a look at cars.com and see that even shitbox used corollas are selling for $10,000 or more these days. It was $30 something for a new equinox and $20 for the used and since my car is parked on the street no way am I going to buy a new car. my other car is a shitbox. I keep my over head expenses as low as possible. Judge all you want but make sure that you have all the facts.
http://www.cars.com/go/search/detail.jsp?tracktype=usedcc&csDlId=&csDgId=&listingId=68976129&listingRecNum=7&criteria=prMx%3D15000%26sf1Dir%3DDESC%26prMn%3D0%26stkTyp%3DU%26rd%3D30%26crSrtFlds%3DstkTypId-feedSegId-pseudoPrice%26zc%3D60008%26rn%3D0%26PMmt%3D0-0-0%26stkTypId%3D28881%26sf2Dir%3DASC%26sf1Nm%3Dprice%26sf2Nm%3Dmiles%26isDealerGrouping%3Dfalse%26rpp%3D50%26feedSegId%3D28705&aff=national
A 2010 Ford Focus with 17,000 miles is $15,000! A Ford Focus!! Get real people.
vlajos.. The truffle butter was a joke… Not finding that down here… And G, not ducking the question.. Just stirring and stirring.
Job growth will help the housing market. I plan on living in my home a long time, thanks!
HD.. Move here.. Get yourself an X-5, will run ya 1/4 mil.
HD – you got it all backwards – you should have LEASED (RENTED) the car and BOUGHT the house. Seriously, admit you really fucked up. honestly, with all that research and analysis and you bought a used chevy w/ 60,000 miles for 20k?!!! ARE YOU KIDDING? You could have leased a brand new chevy for 300/month or less and then just turned it in after three years (dropping less than 10k on it). You really are a moron.
Capitalism for the plebes, socialism for the banks.
haha gringo, he could have bought an X5 with 60k miles for 20k… instead of a crappy chevy, LMAO!
http://www.cars.com/go/search/detail.jsp?tracktype=usedcc&csDlId=&csDgId=&listingId=73067396&listingRecNum=1&criteria=prMx%3D20000%26sf1Dir%3DDESC%26prMn%3D0%26mkId%3D20005%26stkTyp%3DU%26mdId%3D22378%26rd%3D30%26crSrtFlds%3DstkTypId-feedSegId-mkId-mdId-pseudoPrice%26zc%3D60654%26rn%3D0%26PMmt%3D1-1-0%26stkTypId%3D28881%26sf2Dir%3DASC%26sf1Nm%3Dprice%26sf2Nm%3Dmiles%26isDealerGrouping%3Dfalse%26rpp%3D50%26feedSegId%3D28705&aff=national
but yes, used cars are quite expensive these days
Clio show me a link that says I can lease a 2012 equinox for 300 a month (plus money at signing; increase ins cost; overages on miles,etc).
HD – why does it have to be a crappy chevy? there are hundreds of cars that are better than the equinox that you can lease for less than 300/month. good lord, —–actually, I am going to stop calling you stupid and a moron/idiot, because it is not funny when it is really true…
Of course it’s wrong, clio said it.
HD – sorry, I really shouldn’t make fun of you – I know you are a sensitive soul and cannot take the ribbing (this is why u should have joined a fraternity in college).
G – I challenge you to a modeling contest. YOU are the one you said you are so much better looking than me – let’s have the people judge.
“It really doesn’t matter what profession you choose, or if you make $50,000, or $100,000, or even $500,000. We’re all plebs when others are worth billions and billions and continue to amass more and more. Pretty soon they’re own damn near everything and funny enough, all you’ll own is an ipod.”
I agree with this.”
I don’t. Yeah 100k is still pleb territory, IMO, but my definition of patrician is very similar to the (revised) accredited investor criteria. 500k/yr is accredited investor criteria if consistent income.
If you have $1MM+ net worth excluding principal residence, or earn 200k+ if you are single, or earn 300k+ if married, you’re not a pleb. Dodd-Frank even codifies it as such.
I know a _bunch_ of people in the 100-200k HHI area. Most closer to 100k single, most closer to 200k married. But it’s very hard to get much higher than that. And on a risk adjusted basis you could make the case that it isn’t worth it.
What’s so hard to understand? By the time it’s “paid off” at the going lease rate, it replaces the 2nd car. Better to raise a beater than to buy one, too. HD never buys a 2nd car again. Clio’s response: it’s cheaper to lease a car. What about the other car? Wrong again.
“G – I challenge you to a modeling contest. YOU are the one you said you are so much better looking than me – let’s have the people judge.”
Sure thing. Right after you honor our last bet.
Besides, aren’t you going to take groove up on his bet?
Buying a car makes sense if you plan to keep it for 10+ years. I plan to keep mine for 13, which is how old my last one was when it died (which I drove it for the last 11 of it).
If you don’t like dealing with car hassles or keeping it long leasing is indeed the way to go, IMO. I have a friend who likes to buy a new car every three years–it’s financial suicide but he doesn’t care.
I considered buying a new equinox. I did the math, and there actually is surprisingly little difference in the long run given the high prices in the used market.
and I park my car on the street so used is the only real option.
My next car may be new.
My ‘beater’ which isn’t even really a beater at all sits in front of my house 5/6 days a week and is never used anyways so I don’t really care what condition my second car is in anyway.
You see clio HD, like me, is probably going to be an accredited investor for the NW criteria, likely not the income.
You may already be an accredited investor, but it’s likely only from the income. It means you’re only in the club so long as your income keeps up. Once HD (and me)get there, we’re going to stay there, for life.
” Do programs like Operation Twist facilitate speculation, and if so, how does this lead to price discovery?”
If we define speculation as taking short-term risks in order to potentially obtain profits. I don’t think operation twist changes the amount of speculation. The fed changing course and announcing higher rates tomorrow, that would really set off some speculating.
I personally believe that they are just going to do anything they can to goose up asset prices, and lowering the back of the yield curve does/should increase bids for positive cash flow assets.
” It means you’re only in the club so long as your income keeps up. Once HD (and me)get there, we’re going to stay there, for life.”
The ONLY club you and HD will ever belong to is the “Renters of Chicago” club!!
“The ONLY club you and HD will ever belong to is the “Renters of Chicago” club!!”
And it happens to be a club too exclusive for many my age range who bought property within the past decade.
Keep telling yourself that boob….
“Keep telling yourself that boob….”
You levered up on an asset class, incidentally, that puts a crosshair on your back for the taxman. Have fun having your net worth hindered by disproportionately overpaying for other people’s kids to goto school with all those properties you own!
“G – I challenge you to a modeling contest. YOU are the one you said you are so much better looking than me – let’s have the people judge.”
lol…I am going to challenge you both, I bet I am better looking than you both any day and I have in fact modeled.
But maybe I am BSing. Who knowns It is internet after all where everyone is rich, smart, beautiful, and looks like a model.
boob – what makes you think I didn’t spread out my risk evenly?
“I wonder how many of the 65% that don’t have 1k in the bank, own a new Ipad, Iphone, lease a new car, take vacations every year, etc.?”
So true… There is a company out there that offers “creative financing” to people who have poor credit scores. They sell computers, iPads, iPods, etc to people at a significant mark up and allow them to pay for it via paycheck deduction. It’s crazy. I am quite sick of taking care of people who can’t afford to take care of themselves and make poor decisions (like buying an iPad on layaway) and then complain about how all of the wealthy people control everything. Those wealthy people are the ones who pay for your food stamps so you can use your other income to make your iPad layaway payments.
“G – I challenge you to a modeling contest. YOU are the one you said you are so much better looking than me – let’s have the people judge.”
Seriously, as G said, why don’t you take groove up on his bet. You know groove would show up.
“lol…I am going to challenge you both, I bet I am better looking than you both any day and I have in fact modeled.”
MM, you should take groove up on his bet too. I’m sure you could borrow the clambo.
“MM, you should take groove up on his bet too. I’m sure you could borrow the clambo.”
lol…good idea, but actually it is easier to pick average men up if you don’t look too smart or rich.
“lol…good idea, but actually it is easier to pick average men up if you don’t look too smart or rich.”
Who said anything about average or men (though I’m sure groove is v open minded)?
lol…sorry sleepless here and kind of brain dead. Your creativity was lost on me 😉
Here’s a sponsored video tour of the home, which was priced at $799K when I shot it:
http://www.youtube.com/watch?v=itR1KOHgkII
This builder’s homes generally sell much more quickly and much closer to the original asking price. There are several more underway in the 1800 block of Erie, where one I shot video of sold within a matter of days recently.
Curious as to why Sabrina doesn’t link to the video tours so that CCers can understand the home a little better.
“lol…I am going to challenge you both, I bet I am better looking than you both any day and I have in fact modeled.”
I’ll still take 2nd. I have no doubt that your looks have gotten you where you are today.
“Curious as to why Sabrina doesn’t link to the video tours so that CCers can understand the home a little better.”
Sorry, this place is for the beautiful people. You need new on air talent.
“I have no doubt that your looks have gotten you where you are today.”
lol…believe me in my work there is a very clear merit criterion and it is not looks.
“Curious as to why Sabrina doesn’t link to the video tours so that CCers can understand the home a little better. ”
Why would I link to Yo’s “sponsored” tour?
I think most of the videos are a waste of marketing money and time. A good virtual tour works just the same. Most of the videos have annoying comments, bad music and many simply use the virtual tour “pictures” anyway- so they’re not really “tours” (I’m not saying Yo’s are like this- but this is many of them.) I would rather just keep a standard format of linking to the pictures.
“I have no doubt that your looks have gotten you where you are today.”
Also I could tell the same for you, right? btw, it might come as a shock to you that in fact beautiful women are discriminated in jobs that are considered fit for men which my job most definitely has been. Let’s say 80% of my colleagues if not more are men:
http://www.usnews.com/science/articles/2010/08/10/business-school-research-finds-beautiful-women-face-discrimination
“I think most of the videos are a waste of marketing money and time.”
I disagree. I think it can be a time saver for the buyer, and should cost almost nothing to make. I would prefer to just hear the agent (voice behind the camera extremely annoying).
“A good virtual tour works just the same.”
I detest those “virtual tours”. They are just still photographs that are panned and set to crappy music.
“I disagree. I think it can be a time saver for the buyer, and should cost almost nothing to make.”
ha!
Most sellers don’t even want to pay the measly $200 to have a professional photographer come in to take the pictures. Let alone pay someone to do a video.
“Most sellers don’t even want to pay the measly $200 to have a professional photographer come in to take the pictures.”
The agent that stands to make 20-40k commission on a place like this should be able to buy a flip camera and film it themselves.
The virtual tours are usually high quality photos taken from flattering angles with a wide angle camera. Definitely the most useful for the buyer but fancy pictures won’t overcome price.
“Let’s say 80% of my colleagues if not more are men:”
Why is that if everything is merit based at your job? BTW, the “study” referenced at the link sounds like junk.
“Also I could tell the same for you, right?”
Then you might be correct, too. I seem to have hit a nerve. One thing’s for sure, time will tell.
“I seem to have hit a nerve.”
Yes you have if that makes you happy. It is very annoying when people always think you are the secretary, or look shocked after they find out what you do because you don’t fit their stereo-type. Of course as a white male, it is not something you have ever experienced so no wonder you have no empathy.
“Why is that if everything is merit based at your job? BTW, the “study” referenced at the link sounds like junk.”
Let’s just say I get constantly get evaluated and not by people who hired me and believe me that study is not junk. I have been on national panels discussing the issues women face in some positions. I just don’t want to link too many of those to give away my anonymity. You can refuse to believe it, but it makes it no less true.
National panels of beautiful women that just can’t catch a break? Or, to discuss the issues women face in some positions, such as the beautiful ones catch more breaks?
“Of course as a white male, it is not something you have ever experienced so no wonder you have no empathy.”
Au contraire, belle dame. I, too, have been the victim of stereotyping based on my appearance and athleticism.
BTW, you never cease to amaze with your generalizations and stereotypes while condemning the same. Isn’t there a word for that?
“Let’s just say I get constantly get evaluated and not by people who hired me”
I just thought there was something contradictory in statement that you were treated more or less purely on merit basis versus statement that discrimination was plentiful in your field.
“study is not junk”
I only skimmed it for 2 minutes but sure seemed like junk to me. I’d honestly be surprised if you actually looked at it and felt differently. I’m saying *nothing* at all about whether women do or do not face these issues, just that the study itself is junk.
Women are the best at one thing… whining!
funny sonies.
I still cant figure out how Homedelete paid 20k for a used equinox with 60k miles on it. I looked at cars dot com and they are much less than that.
Oh, right. And the NBA and NFL are an intelligently planned solution to joblessness in the ghetto, right?
You idiot – besides the “duh” reality that not everyone can be above-average, there are currently 4 people unemployed for every job opening
learn some basic math.
“The poorest and most uneducated people can rise up to become the most powerful – it is all about their desires and willingness to work hard.”
why wont clambo wont man up with groove. seems like he’d like the excuse to get the car all polished shiny, take a trip to hairclub for men for a tuneup, and buy a fresh supply of viagra.
“I just thought there was something contradictory in statement that you were treated more or less purely on merit basis versus statement that discrimination was plentiful in your field.”
Actually that is not what I meant at all. There are jobs that are considered masculine so when a women does it everyone expects her to look like a dude, thing mathematics, engineering,finance … and often times when a woman is good looking or dresses up people assume she is the secretary because that is their stereo type or she is shallow. So when I was on job market, I actually made sure I pulled my hair back. Wore an ugly loose fitting suit and no make up what so ever and this is despite the fact that they had already reviewed my cv so they knew my qualifications but this was advice given to me by senior people and my advisor.
I think on the lower end of the ladder, being attractive is more of an advantage to women. Get’s you hired, maybe a couple of promotions. But I can’t help but notice that a large portion of female CEO’s look like lesbians.
“I still cant figure out how Homedelete paid 20k for a used equinox with 60k miles on it. I looked at cars dot com and they are much less than that.”
B/c HD forgot to mention it had to have been recently reno’d, previously owned by up to snuff white collar professional, and come with a good school district.
“I still cant figure out how Homedelete paid 20k for a used equinox with 60k miles on it. I looked at cars dot com and they are much less than that.”
he probably bought an extended warranty with it? only explanation I can think of
chuk- thats because most attractive women get sick of working and usually dig some gold if you know what I mean so they don’t have to work.
The fuglies work hard and beat themselves up over the year as they spend more time focusing on their career than their looks. You should see some of the trainwreck women that work in my office, while most of the support staff (the young ones at least) are attractive still but aging rapidly due to the stress.
No Chevy with 60K miles should be $20K.
Bottom line is that beautiful people catch more breaks and are rewarded far more than ugly or average people- that is why it is probably more important to spend 150k on plastic surgery/trainers for your kids than a college education. Seriously, a beautiful woman/man ALWAYS does better (I know bc I turned from an ugly duckling to a swan and the difference in ALL aspects of my life were unbelievable – all of a sudden, my mistakes at work were overlooked, my weekends/weeknights were booked, strangers cut me slack, I got treated SO much better) – it truly is amazing.
Good looks seem to be more about how one carries herself or dresses or hairstyle or weight than actual inherent beauty. I can make myself look plain or pretty depending on how I want to be treated. Sometimes plain is preferred, when i don’t want to be bothered… other times, pretty is preferred, when I want to get a discount or help with something.
jenny – I totally agree. It is nice to be a chameleon!!!
Vlajos, you are a god damn fool and you’re too damn stupid to even know it. Have you even bothered to spend 10 seconds on cars.com to look at car prices?
http://www.cars.com/for-sale/used/2008/chevrolet/equinox/_/N-ma9ZfjlZfh1Zg95Zm5dZm9r?prMx=30000&sf1Dir=DESC&prMn=0&mkId=20053&mdId=21065&rd=30&mlgId=28863&zc=60008&PMmt=1-1-0&stkTypId=28881&sf2Dir=ASC&sf1Nm=price&sf2Nm=miles&rpp=50&feedSegId=28705&searchSource=GN_REFINEMENT&crSrtFlds=stkTypId-feedSegId-mkId-mdId-pseudoPrice-mlgId-yrId&pgId=2102&yrId=20145
God damn you are such a fucking idiot. Just stop tying now. Stop now before you embarass yourself again.
“Vlajos on November 3rd, 2011 at 10:07 am
No Chevy with 60K miles should be $20K.”
Umm, I don’t see any on there with 60k miles for 20k…
yes I am sure Adriana Lima can manage to look ugly if she wants.
@ G, could you please elaborate how being athletic makes people discriminate against you at work? I am sure you are right, but I cannot see the connection. Two of my colleagues do Iron man and it makes everyone respects them for their will power. Also you are the one who accused me of getting hired because of looks so apparently despite being discriminated on your looks you still fail to empathize with others.
HD – can u return the car? Seriously, listen to me – lease the car and buy the house – repeat several times until you understand…. I seriously can’t believe you do SO MUCH research into everything and you end up buying a chevy w/ 60k miles for 20 thousand dollars!!!! Actually, maybe you should keep renting – you are not a savvy buyer AT ALL (and really shouldn’t be calling anyone an idiot – there is only one HUGE idiot on this site – ok well actually 2 ( you and G) and you have definitely proven it w this latest purchase!!
God you’re so stupid Chuk:
http://www.cars.com/go/search/detail.jsp?tracktype=usedcc&csDlId=&csDgId=&listingId=76739419&listingRecNum=8&criteria=prMx%3D30000%26sf1Dir%3DDESC%26prMn%3D0%26mkId%3D20053%26stkTyp%3DU%26mdId%3D21065%26rd%3D30%26mlgId%3D28863%26crSrtFlds%3DstkTypId-feedSegId-mkId-mdId-pseudoPrice-mlgId-yrId%26zc%3D60008%26rn%3D0%26PMmt%3D1-1-0%26stkTypId%3D28881%26sf2Dir%3DASC%26sf1Nm%3Dprice%26yrId%3D20145%26sf2Nm%3Dmiles%26isDealerGrouping%3Dfalse%26rpp%3D50%26feedSegId%3D28705&aff=national
19,000$ with 55k miles. I said I paid $17,000 but it was slightly less than 20$ with title, taxes and license etc. And my car also had slightly less than 60,000 too, I rounded up. And mine has a pretty nice package with leather seats and shit.
God you’re so fucking stupid.
HD, youre the stupid one for paying $20K for a Chevy with 60k miles.
clio – your stupid ass bought a farm in st charles next to a water treatment plant, and when you sold, you lost far more than $20,000. who is the stupid mother fucker now you scumbag idiot idiot chart reading physician? God you chuk and sonies a make a trifecta of stupid.
fucking late model ford focus with low milages are even $15k these days. $15,000!
I’m going to drive the chevy into the ground until it’s fucking dead and rusted out. So I don’t care to lease the car. And when my car (the chevy belongs to teh wife) goes kaput, I’ll inherit the equinox and she’ll get another car, whther that’s a new equinox, an acura, or a sedan, who knows. I’ve got a few yeras to make that decision.
Vlajos – I buy american. you got a problem with that? god you are so dumb you don’t even know what the hell you are talking about.
I don’t feel the need to defend myself about my purchase, but I do feel the need to point out what f’in morons you are about the state of the used car market. Because everytime you press ‘submit comment’ you make damn fools of yourselves.
“Two of my colleagues do Iron man and it makes everyone respects them for their will power.”
They are lucky there isn’t an office Iron man team that they don’t want to participate in. That respect might change a bit.
“Also you are the one who accused me of getting hired because of looks so apparently despite being discriminated on your looks you still fail to empathize with others.”
I was empathizing with the uglier ones who were passed over for you. That apparently wasn’t a topic for one of your panels.
HD – calm down. you are making a fool of yourself. You made a mistake – so what? Everyone does (…….although paying 20k for a chevy w 60k miles is a HUGE mistake). Your anger is misplaced – just learn from your mistake. Admission of one’s faults is the only way you will improve yourself
“clio – your stupid ass bought a farm in st charles next to a water treatment plant”
No, his stupid ass bought next to a sewage treatment plant. Big difference.
“I was empathizing with the uglier ones who were passed over for you.”
lol…good one 🙂
It’s not a mistake. cars are expensive. I needed a new car, I went into the market, I compared prices, and looked around and I saw what cars cost. I did comparative shopping and made a decision to buy this vehicle at a competitive price. It is what it is, cars are not cheap. And we liked this vehicle so we bought it. I didn’t want new because I dont have a garage, I wanted to buy american but not too big of a vehicle, I don’t like the ford escape which is the other car in the same clasS (btw 06 escapes with 50,000 miles are listed on cars.com for 13,000 and 14,000!!! fucking expensive for what it is).
It’s not analogous to buying a farm in 2009 in st charles and tryng to flip it for even more money. Now THAT was a mistake.
It was a sewage treatment plant? Hahahah I thought it was just a water treatment plant, that discussion was like a year ago. sewage! Hahaha that’s funny, what a dipshit!
I could see athletic people getting discriminated against. There is a stigma that athletic people are less intelligent than average. I often feel like I can’t relate to people who are very into playing sports or exercising.
Everything else being equal, if I was in charge of hiring, I would pick the non-athletic person. Although, I would pick the athletic person over an obese person. I often complain about being fat with my co-workers and it’s annoying when there is an actual fat person around because then I don’t feel like I can complain about being fat without the fat person thinking I’m insensitive.
and all of you leave HD alone. What is with the constant need to find someone and attack him. If he is keeping the car for a long time, it makes no sense to lease it. Also let’s say he overpaid a grant or two, it is not the same as buying a house and losing 20-30% on it!
You should just ignore them HD and not even dignify them with a response.
homedelete is correct that the used car market has changed, with prices up from past years. Just sold a used Mazda 3 for a higher than expected price: this type of car is popular with parents of high school kids and the kids. There is higher demand and also lower supplies (Japan disaster, etc).
“God you’re so stupid Chuk:”
What are you yelling at me for? I was just commenting that clio’s link didn’t show what he was ranting that it did. I don’t care what you bought for how much money.
Sorry, I mean your link, not clios.
I would hire the person who is most qualified for the job, in what I do there is no requirement for physical fitness, I could care less if the person is white, brown or blue; if he is fat or slim, is male or female. I will get the guy/gal with most brain fire power.
Now there are jobs for which physical fitness might be a big advantage. It is just not clear for my job. Although, I tend to think athletic people are healthier hence they have more energy and are more productive and they don’t need to take time off every other day to go to doctor.
I really doubt that HD didn’t find the best deal for what he was looking for.
It’s funny how clio can be so wrong so often. HD is renting because his rent is much lower than the current cost of purchasing what he wants in a long term home. He also believes that prices will continue to fall, something he has yet to be wrong about. Therefore, he continues to save a bundle.
Likewise, HD buys the used car so that by the time it’s “paid off” at the going lease rate, it replaces the 2nd car. HD never buys a 2nd car again. Clio’s response: it’s cheaper to lease a car. What about the other car? No way it’s cheaper than HD’s plan. Wrong again, clio.
I cannot believe I am in agreement with you G. It has been happening too often these days. It might be sign of the times…hehe
moomoo, what if the applicant with the most brain power is a seriously obese white guy? You have shown discrimination against both groups already. Could you really put it aside?
I buy american as well. Just not stupid enough to pay $20K for a vehicle with 60K miles on it.
btw the car IS paid off. I bought it for cash which represented a fraction of my overall liquid savings. I won’t be paying any interest. and because it’s not some exotic car and its registered in the name of a married 30 something woman with an 800+ credit score and no accident history, the cost of ins coverage with IIRC $500,000 or a $1,000,000 is pretty damn cheap
and btw the reason my limits are so high isn’t because I have $1,000,000 in assets to protect, its because I want the $1,000,000 UM or UIM coverage when the drunken asshole with expired SafeAuto ins crosses over the center line on Irving Park road and hits my family head on. I want lots of money to go after for that contingency situation. doing PI cases I see how often there is little insurance to go after when there is a bad accident.
Ha! just your opinion, but ignorant nonetheless.
“Vlajos on November 3rd, 2011 at 11:10 am
I buy american as well. Just not stupid enough to pay $20K for a vehicle with 60K miles on it.”
Thank you G. I know I can count on your wisdom to defeat the inane logic of the profligate.
“It’s not analogous to buying a farm in 2009 in st charles and tryng to flip it for even more money. Now THAT was a mistake.”
uhhh – bought in 2008 and sold for 45k more than I paid for it!!
also, that water treatment place is over a quarter mile away and is underground (nothing above ground) – there is no smell whatsoever. To tell the truth, it is actually a positive selling point because it is open space that will never be built upon (also – no ugly buildings/water towers/ structures/fences to make it look like an industrial area.
To me, the only time leasing makes sense is when you must have a new car every 3-4 years.
“moomoo, what if the applicant with the most brain power is a seriously obese white guy? You have shown discrimination against both groups already. Could you really put it aside?”
First of all most of the applicants in my job are white guys so most likely (from statistical viewpoint), the one who will get the job will be one. As for fat people I am not planning to sleep with the guy I hire so it is completely irrelevant to my decision and by the way the last hiring cycle we hired one such applicant. He is very smart and I am sure he will do great things which is what matters.
You can spin all you want what I say, but if there is something that really disgusts me is abusing my decision power. I don’t bring in my political, personal, and cultural biases to my decision making process. In fact, I try to be extra careful not to do this.
G and HD – you guys are so right and I am so wrong. Thank you for pointing it out. Now, I will just go back to roaming around my mansion (or should I walk the grounds, go to my in-town on the gold coast, or just drive around in my lambo). These decisions are so hard – oh great and smart ones, tell me what I should do.
“that is why it is probably more important to spend 150k on plastic surgery/trainers for your kids than a college education.”
Ugh. You ever hear someone say something so embarrassing that you yourself feel embarrassed?
HD – is it all about money w/ you? You talk about your family being seriously injured in an accident and all you are worried about is the financial aspect? You better buy some marriage insurance bc wifey is going to get tired REAL soon with your cheap ass ways and your obsession with money.
“Ugh. You ever hear someone say something so embarrassing that you yourself feel embarrassed?”
Amen. Also I hope Clio is just saying this to get attention as usual, because there is nothing sadder than making young women (his daughters) lose their self esteem because they think they are not beautiful or think that they self worth is tied to being attractive rather than how nice and accomplished they are.
I know it sounds like a cliche but beauty without brains can be disastrous: think Ana Nicole Smith!
UGh. I was talking to someone recently who said she is already saving so she can make sure her granddaughter (who literally just turned 2) can have plastic surgery when she’s older to fix the shape of her face. She claimed her grand daughter has a pumpkin shaped face. It was really disgusting to hear.
“I know it sounds like a cliche but beauty without brains can be disastrous: think Ana Nicole Smith!”
anna nicole smith was fat – she just needed a little more liposuction.
Lol wow this thread went crazy… and hd, not sure why you’re calling me stupid, I agree with you here that used cars are way to frickin expensive….
main reasons are
1) used car financiang rates are insanely low (less than 3%)
2) cash for clunkers took the bottom rung of autos off the market, so there isn’t as large a supply anymore, plus anything fuel efficient is in shorter supply
3) New cars are so insanely expensive, and the loan interest rates are not much cheaper than used cars so why pay so much more for a new car
4) the housing boom and bust made it so that people needed to sell their (excess) luxury cars, and move to something more practical, but this is just depressing the costs of luxury cars, and increasing the costs of normal cars
the Japan disaster had more of an effect on the new car market
Here is a good one in the same area… Flipper buys this for $125k in August. Gut rehab and back on the market in 3 months and is now under contract. At least some developers are having fun in this market!!!
http://www.redfin.com/IL/Chicago/1750-N-Talman-Ave-60647/home/13415520
“I bought it for cash which represented a fraction of my overall liquid savings”
This is always true, whether it is 20/21 of your liquid saving or 20/1,000,000 of your liquid savings. You illuminated nothing.
anon(tfo), my goodness, you’re missing the point.
“my goodness, you’re missing the point.”
Oh.
There was a point?
Help a brutha out!
First guess: The point is you could have afforded a much more expensive car, but there are too many mulberry trees in your current neighborhood?
“The poorest and most uneducated people can rise up to become the most powerful – it is all about their desires and willingness to work hard.”
I’ve been reading “The Twilight of The Elite”, Chris Hayes analysis of our meritocracy. He finds that institutions supposed to promote merit are gamed by the elite, there is an incentive to cheat to get ahead and that elite rulebreakers are spared harsh punishment. The result is that a smaller and smaller number from the bottom are able to break through. Those that do get celebrated as an example of how the dream is still alive (Barack Obama, Sonia Sotomayor), but the reality is that elite offspring who don’t merit are propped up while the lower class with potential are handicapped with lost opportunity because of their economic circumstances. Desire and readiness to work hard only take you so far. If you can’t afford the private tutors and test prep, you are at a disadvantage.
a discussion of the book from The Atlantic:
http://www.theatlantic.com/politics/archive/2012/06/the-cult-of-smartness-how-meritocracy-is-failing-america/258492/#
Regarding the banksters, according to a survey a quarter of financial services professionals feel unethical behavior may be a necessary evil in doing God’s work and have knowledge of workplace misconduct. But hey, they are smart enough to figure out how to game the system. Screw the muppets.
http://www.marketwatch.com/story/financial-services-professionals-feel-unethical-behavior-may-be-a-necessary-evil-and-have-knowledge-of-workplace-misconduct-according-to-labaton-sucharow-survey-2012-07-10
“Desire and readiness to work hard only take you so far. If you can’t afford the private tutors and test prep, you are at a disadvantage.”
Its not just tutors and test prep, it’s the ability to not work while in school, and financial security while in school; and to take breaks and rest when school is not in session, which makes it so much easier to focus on grades and performance rather than income and survival and living off student loans.
You hear the stories of the old timers who are like “I worked my way through school and paid for it too and everyone should be able to do it because I did” – but the world doesn’t work that way anymore. Personally, I had to work during college and I found it difficult to go to class, come home, go to work downtown, come home, eat, then go to the computer lab and try to program the next day’s C++ homework assignment. By 7:30pm I was tired and writing C++ with full concentration was difficult. I found that the labs were full of students who could spend the hours I was at work studying instead, with their full attention and concentration. Most my peers and classmates didn’t work. Another example when I was in my law school tax class, the professor asked student to raise their hands if they’ve ever their own taxes. In a class of 100 people I was the only person raised their hand. True story. Either the 99 other students never earned enough income by age 23 or 24 to be required to file a tax return, or, their parents paid someone to do it for them. I thought that was pretty telling of the environment today. Many of my classmates now work in biglaw, or are becoming partners in midlaw, or have jumped in-house counsel for major corporations, or worked up the ranks in government. But I digress…
“Either the 99 other students never earned enough income by age 23 or 24 to be required to file a tax return, or, their parents paid someone to do it for them.”
Or they were straight thru from undergrad and been claimed as a dependant on parents taxes every year. Occam is your friend, HD.
“Or they were straight thru from undergrad and been claimed as a dependant on parents taxes every year. Occam is your friend, HD.”
Or they splurged and had H&R Block do it for the king’s ransom of $39. I don’t think HD has ever met Occam or even been in the same ‘hood.
“but the reality is that elite offspring who don’t merit are propped up while the lower class with potential are handicapped with lost opportunity because of their economic circumstances. Desire and readiness to work hard only take you so far”
It’s no secret. Look at the current makeup of congress: how many are lawyers? Look at the past presidents: how many are lawyers from an Ivy school? Sure GWB only got just an MBA as an Ivy grad degree but how many went to an Ivy undergrad?
The elite do have a lock on institutions of power in this country, and apart from a few token examples that lock isn’t being broken any time soon.
And to a lesser degree it’s not just Ivys either I’ve noticed in midwest corporations places like Notre Dame have alums vast over-represented in senior management (much moreso than even supposedly better schools like Michigan).
You can only be claimed as a dependent on your parent’s tax return if you earn under a certain amount of money. IIRC it’s little more than part-time or summer jobs. I don’t remember how much that was in the late 1990’s, early 2000’s but the point again being that they had never earned enough money to file their own taxes.
I doubt my classmates were waiting in line at H&R Block paying $39.00 so the moron on the other side of the desk could do their taxes for $8.00 an hour.
and BTW H&R Block in person is actually hundreds of dollars, it’s really expensive.
Bob the ND connection is based upon ND grads giving preferential treatment to other ND grads. I’ve seen it happen firsthand over and over again. ND grads LOVE ND. It’s like their life. Pathetic, but still, it ‘works’ in business and law.
I know of the medieval monk named Occam but his Razor does not apply to this tax situation.
“does not apply to this tax situation”
Yes, actually, the simplest explanation for a bunch of 22/23 year olds having never done a 1040 ez is that they remained claimed as dependents, because they were, and because of that did not have (reported) income over $6950 (1998).
“and because of that did not have (reported) income over $6950 (1998).”
Oh it’s anon(tfo) being obstinate again – we are actually in agreement. I said “students never earned enough income by age 23 or 24 to be required to file a tax return,” and you said “because they are claimed on someone else’s tax return” and I said “that’s because they didn’t earn more than $XXXX” to which you respond “$6,950.”. That covers a summer job, or a paltry internship. that’s not ‘working your way through school’. I was making $14, $16k a year working about 1000-1200 hours a year in college and law school and was required to file a tax return.
“You hear the stories of the old timers who are like “I worked my way through school and paid for it too and everyone should be able to do it because I did” – but the world doesn’t work that way anymore. ”
You complain an awful lot. Don’t pass your why-did-I-not-grow-up-in-a-nortshore-johnhughesmovie-ness onto your kid. Why not just be happy for what you have and all that you have overcome?
“In a class of 100 people I was the only person raised their hand.”
Hey, you’re a 1 percenter! Or maybe I don’t have that quite right.
“the simplest explanation for a bunch of 22/23 year olds having never done a 1040 ez is that they remained claimed as dependents, because they were, and because of that did not have (reported) income over $6950 (1998)”
I refuse to believe no one else had done a tax return especially if turbotax counts. I’d bet money on it (even odds) if we could go back and verify. Gotta be a few/many who were hungover, apathetic, bored, etc.
Having said that, I was stunned to find out one of my colleagues does the taxes for his 24 y.o. daughter who is out of college w regular job.
I was just trying to say that it’s a disadvantage to work during college, which many who have a desire to work hard and make it have to do, while the ‘elite’ or richer students are getting private tudors, test prep classes and don’t have to cram 20-30 hours a week of work into their full time school schedule.
“I was just trying to say that it’s a disadvantage to work during college, which many who have a desire to work hard and make it have to do, while the ‘elite’ or richer students are getting private tudors, test prep classes and don’t have to cram 20-30 hours a week of work into their full time school schedule.”
Just seems like you’re still awfully resentful. And it’s not like the wealthier kids are spending all their time studying. The time you were working they were goofing off or whatev.
H&R Block charges a flat rate if all you have is a W-2. Anything more than that and the bending over begins.
Also, first years get $8.50 an hour, no commission. Second year is bumped by $1 and commission starts.
However, programs like TurboTax and the IRS’ removal of access to information has slaughtered places like H&R Block.
“Having said that, I was stunned to find out one of my colleagues does the taxes for his 24 y.o. daughter who is out of college w regular job.”
This isn’t strange at all. I know someone who does the taxes for both of his adult single children in their 30s. AND they’re still on the family cell phone plan.
That is the helicopter parents of this generation. Their kids do nothing on their own. They don’t save up downpayments, they don’t pay their own taxes, they don’t own their own cellphones, they don’t pay their own car payments, heck, they don’t pay for vacations (parents pay for “family” trips well into their 30s.)
It’s crazy.
“The elite do have a lock on institutions of power in this country, and apart from a few token examples that lock isn’t being broken any time soon.”
You don’t have to be “elite” to get into the Ivy League Bob. I really wish people would stop b*tching about this. If you work hard, you get in. It’s as simple as that!
Let’s take a look at a few of our most recent Ivy League presidents and their spouses (all of whom are ivy league):
Barack Obama: Columbia undergrad, Harvard Law School. His father got a master’s degree from Harvard (U of Hawaii for undergrad.) Did that help him get into the law school? Maybe. But his dad wasn’t a law grad- so probably not.
Michelle Obama: Princeton undergrad, Harvard Law School. Second member of her family to go to an Ivy league school as her brother went to Princeton first. There is no other indication that anyone in their family went to ivy league schools. There’s no indication her parents went to college.
Bill Clinton: Georgetown Undergrad, Yale Law School. First in his family to even go to college? His father was a traveling salesman. His mother only went to nursing school after he was born. Not exactly silver spoon stuff.
Hillary Clington: Wellsley undergrad, Yale Law School. Her father went to Penn State. Was in the drapery business. Her mother never went to college.
So where is the “elite” background of these first families families? Sure- the Bushes have that. But others don’t.
The elite schools may have a lock on institutions of power, as you said Bob, but just get yourself into one and plenty of doors open. It’s really not that hard.
“If you work hard, you get in [to an Ivy]”
You must be an imposter–Sabrina always sez that no one should worry about Ivy admissions wrt high schools because their kids arent getting in anyway.
HD– my apologies; I did misstate the simpliest explanation–that you were the only one foolish enough to raise your hand and thus volunteer to potentially talk about your tax return in class.
“Bob the ND connection is based upon ND grads giving preferential treatment to other ND grads. I’ve seen it happen firsthand over and over again. ND grads LOVE ND. It’s like their life. Pathetic, but still, it ‘works’ in business and law.”
Oh please….where is Joe Zekas to come screaming about anti-ND-tism? ND most certainly doesn’t rule the elite anywhere near the level the Kosher Nostra does. That’s why ND invited Obama to speak (then Obama knifes the Catholics in the back over HHS mandate). No, ND is a wannabe sell-out seeking the kosher/liberal/secular impramatur, which they’ll never really ever get anyway.
People think that Bill Clinton boot-strapped from “Arkansas” to prove America is a meritocracy? What a joke, the goy (oops typo there), the guy completely sold out to the NWO globalist secular elite (Cecil Rhoades, that’s why Bill became a “Rhodes” scholar). Just like Lady Gaga and Katy Perry, all of these people have to sell their very souls to gain admission, it’s not “merit” LOL. George Carlin’s best 3 minutes of his career: right here: http://www.youtube.com/watch?v=rsL6mKxtOlQ
“So where is the “elite” background of these first families families? Sure- the Bushes have that. But others don’t.”
You have to become the elite’s “tool”……that’s how you get out of Arkansas, or out of the southside’s community organizing scene. You have to totally submit to the plan. Even Romney, he’s not your typical conservative, nor a typical Mormon, nor even close to your typical Utah native…..he’s just another Clintonian type elitist that has no real roots in anything other than paying the piper and selling out, and playing the game, etc. Come on people……
“You must be an imposter–Sabrina always sez that no one should worry about Ivy admissions wrt high schools because their kids arent getting in anyway.”
ha! ha! That’s true of undergrad. I didn’t say anything about graduate school (where it becomes even MORE of a meritocracy, in my opinion.) Kick butt on the LSAT and you get in.
helmethoffer has gone off the meds again. Black helicopters are everywhere, circling, circling……put the tin foil on your head or the gay jewish mafia will get you….
“helmethoffer has gone off the meds again. Black helicopters are everywhere, circling, circling……put the tin foil on your head or the gay jewish mafia will get you….”
Yep- Dan is hoarding canned goods again in his basement.
“AND they’re still on the family cell phone plan.”
I found out an acquaintance who’s a married 30+ y.o. is still on her parents family plan, and if it wasn’t for her they’d be on a much cheaper plan for them. Shocking.
“heck, they don’t pay for vacations (parents pay for “family” trips well into their 30s.)”
That, I could see. We might well want to go places a 30 y.o. couldn’t necessarily afford. I’ve no problem with that as long as kids are not expecting their separate vacations to be paid for.
“So where is the “elite” background of these first families families? Sure- the Bushes have that. But others don’t.”
Useful analysis, let me just get back into my time machine and go to an Ivy league school in the 60s, 70s or 80s.