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Bookends of an Era?

A forum for discussion of regional topics including oil depletion but also government, society, and the future.

Re: Bookends of an Era?

Unread postby TreeFarmer » Tue 10 Mar 2009, 18:17:09

$this->bbcode_second_pass_quote('ReverseEngineer', '')$this->bbcode_second_pass_quote('AAA', '')$this->bbcode_second_pass_quote('ReverseEngineer', '
')A unionized worforce is the only thing that can save the US. Unions are the only means by which workers get paid a decent wage.


Unions killed the Big 3. The auto companies were failing long before the economic downturn. Why? Because of the extreme pension benefits and highpay of union employees.


So who killed Toyota? Or Daimler? Or Mitsubishi?

The Unions didn't kill Auto companies, the end of cheap energy killed them, along with a top heavy Capitalist economy that no longer has room for growth to pay off on pension funds or individual investments made by rich folks.

Unions are a scapegoat of the capitalist class. If you really want to look for the ones who sucked the wealth out, its the stockholders of companies like GM, who expected to make money for simply sitting on their butts while they held some stock.

Reverse Engineer


I'm thinking that debt killed the automakers, not only their debt but the debt that people used to buy their products. At the end here the auto companies are nothing but finance companies, the cars out front are what the finance. When the consumer could not take on any more debt, they could not sell any more cars and the jig was up.

If they had been smaller and only selling cars for cash then they would have had a chance to keep going for a good many years yet.

TF
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Re: Bookends of an Era?

Unread postby AgentR » Tue 10 Mar 2009, 18:36:41

$this->bbcode_second_pass_quote('AAA', 'W')hen a 1,400 sqft house in a decent neighborhood costs $600,000...


You know you are living in a screwed up region and should leave. NOW.
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Re: Bookends of an Era?

Unread postby AAA » Tue 10 Mar 2009, 18:49:35

$this->bbcode_second_pass_quote('AgentR', '
')You know you are living in a screwed up region and should leave. NOW.


If I leave it will post-pone my future plans quite a few years. I will be sticking around for several more years as long as I am with my current employer.
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Re: Bookends of an Era?

Unread postby scarly » Tue 10 Mar 2009, 18:58:34

The rich are the ones who to me caused this, and then you want to sympathize with them by saying "OH no don't raise the taxes for them." So if they pay higher taxes I guess it will just come right back to them in the form of a bailout. The people you say are the employers of America, well as far as I have been seeing, they have moved most of the jobs over seas.
Now imagine if you were to have kept those jobs in the USA, we might not be in this dilemma. I don't know who these business owners thought was going to be able to buy stuff, when they moved everyones jobs over seas. So now Rich America can't buy cause they moved the jobs out of country, and now that all those countries have made all that product, who the hell is going to buy it now. The jobs were moved over there, because it was cheap labor so those workers are only making enough to still survive, they can't buy the stuff. There is no one. So those rich people who wanted to make more money, are the ones that caused a mess, not only for USA, but the rest of the world.
Don't sympathize with the rich, thier greed has distroyed this country. Right along with many other causes. The biggest reason across the board for our demise, is due to greed.
So the rich took what they wanted, it is now time for them to pay for it.
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Re: Bookends of an Era?

Unread postby AgentR » Tue 10 Mar 2009, 19:04:27

I don't know what to say to the notion of hardship and $250,000/yr income. If you're making 250k, you're wealthy, you know you're wealthy, you should be happy to be wealthy, and shouldn't be whining about paying a tax rate that is puny in comparison to what you'd pay just about anywhere else.

I can't believe this thread would make me write something like that. Right wing, republican nutbar that I am. But *DANG*.
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Re: Bookends of an Era?

Unread postby AAA » Tue 10 Mar 2009, 19:14:02

$this->bbcode_second_pass_quote('AgentR', ' ')If you're making 250k, you're wealthy,


Not really. Just like in real estate, location makes the difference.

Someone making $10,000/yr is wealthy in most of the world but poor if they live in the midwest.

Someone makine $250k/yr is wealthy in the midwest but middle class if they live in the major cities.

Its all relative to where you live.
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Re: Bookends of an Era?

Unread postby Ludi » Tue 10 Mar 2009, 20:10:35

$this->bbcode_second_pass_quote('AAA', '
')Its all relative to where you live.



I think it might be relative to what you expect as a member of the "middle class." When we lived in Los Angeles, my household never made even 1/2 of $250,000 in our best year (I think we made about $90,000 that one extra good year). So on less than 1/2 of a "middle class" income, we were able to rent a house in a nice neighborhood in Burbank, own 3 cars, start our own business, have all the thingies and doo-dads one considers "middle class" like TV, stereo, VCR, etc, plus save $65,000 to purchase our land here in Texas for cash.

It's really hard for me to imagine cost of living has doubled in the 12 years since we moved away from there.

What standard of living do "middle class" people expect, anyway? 8O Do you expect to be "middle class" in Brentwood? BelAir? Beverly Hills? 8O
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Re: Bookends of an Era?

Unread postby AAA » Wed 11 Mar 2009, 11:27:39

$this->bbcode_second_pass_quote('Ludi', 'S')o on less than 1/2 of a "middle class" income, we were able to rent a house in a nice neighborhood in Burbank,

Did you rent by choice or forced to rent? Some people around here are forced to rent because they can not come up with the 20% down-payment for a house.

They can afford $3,000/month in rent but can't rent and also save enough for the down-payment.

$this->bbcode_second_pass_quote('Ludi', '
')It's really hard for me to imagine cost of living has doubled in the 12 years since we moved away from there.


Have you checked real estate prices lately? Hereis a quick search I did on Burbank with the following criteria.

SFR
3 Bed
2 Bath
2 Car Garage
2,000 sqft

The CHEAPEST house was $609,000.00 and majority are over $1 million.

A 20% down-payment on a $1 million house is obviously $200,000.00 How long would it have taken you to save that amount?

$this->bbcode_second_pass_quote('Ludi', '
')What standard of living do "middle class" people expect, anyway? 8O Do you expect to be "middle class" in Brentwood? BelAir? Beverly Hills? 8O


I think the above real estate listing will answer that question.
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Re: Bookends of an Era?

Unread postby AAA » Wed 11 Mar 2009, 11:33:45

With the above criteria there were only 4 rentals that came up on the Remax site.

The cheapest rent is $3,500/month.

Obviously there are many other rentals available but this just shows a small picture.

Also keep in mind the real estate prices shown in my previous post are prices that have fallen anywhere from 10% to 25%.
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Re: Bookends of an Era?

Unread postby AgentR » Wed 11 Mar 2009, 14:20:31

$this->bbcode_second_pass_quote('AAA', '')$this->bbcode_second_pass_quote('AgentR', ' ')If you're making 250k, you're wealthy,

Not really. Just like in real estate, location makes the difference.


Yes really. They are wealthy, and using that wealth to PURCHASE LOCATION VALUE AND COMFORT.
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Re: Bookends of an Era?

Unread postby AAA » Wed 11 Mar 2009, 14:30:33

$this->bbcode_second_pass_quote('AgentR', '
')Yes really. They are wealthy, and using that wealth to PURCHASE LOCATION VALUE AND COMFORT.


You really don't understand. Making $250k in most of Los Angeles does not allow you to purchase value or comfort. It might allow you to buy a house in an older, run-down neighborhood but that is not the "American Dream" everyone is searching.
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Re: Bookends of an Era?

Unread postby AgentR » Wed 11 Mar 2009, 14:43:31

$this->bbcode_second_pass_quote('AAA', '')$this->bbcode_second_pass_quote('AgentR', 'Y')es really. They are wealthy, and using that wealth to PURCHASE LOCATION VALUE AND COMFORT.


You really don't understand. Making $250k in most of Los Angeles does not allow you to purchase value or comfort. It might allow you to buy a house in an older, run-down neighborhood but that is not the "American Dream" everyone is searching.


I do understand what you are trying to get me to believe perfectly well.

I reject it completely.

Of that $600,000 they are spending on this house, $500k of it is LOCATION VALUE that they have chosen to purchase. How is that different than some midwesterner making 250k and buying $500k worth of some other intangible improver of self esteem?

I am fine with this; its a great thing too; they should be happy and proud to make enough to afford to live in such a place. But to then turn around and and say, "oh I'm not wealthy, I'm just middle class like all of you shmoes living in the same size house somewhere with a hundredth of the location value." It makes me ill.

They are wealthy; they know they are wealthy, and are just trying to cheese their way out of paying taxes appropriate to the astounding amount of money they make.

ps... "American Dream" is bs political drivel. If you've bought into it, you have my sympathies.
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Re: Bookends of an Era?

Unread postby AAA » Wed 11 Mar 2009, 15:57:12

$this->bbcode_second_pass_quote('AgentR', '
')They are wealthy; they know they are wealthy, and are just trying to cheese their way out of paying taxes appropriate to the astounding amount of money they make.


Who is wealthier?

Family A both parents work full-time professional jobs.
Salary: $250,000/year
Location: Burbank, CA
Home Price: $1,000,000
Down-payment: $100,000
Monthly Mortgage Payments: $6,000
State Income Tax: 9.3%
State Sales Tax: 7.25%
Gas Tax: $0.49/gallon
Property Tax: $10,000/yr
Childcare and Good Schools: $18,000/yr


Family B the husband works full-time professional job and the wife is a housewife.
Salary: $70,000/year
Location: Tulsa, OK
Home Price: $175,000
Down-payment: $17,500
Monthly Mortgage Payments: $1,000
State Income Tax: 5.5%
State Sales Tax: 4.5%
Gas Tax: $0.17/gallon
Property Tax: $1,500/yr
Childcare and Good Schools: FREE
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Re: Bookends of an Era?

Unread postby AgentR » Wed 11 Mar 2009, 17:08:06

$this->bbcode_second_pass_quote('AAA', '')$this->bbcode_second_pass_quote('AgentR', '
')They are wealthy; they know they are wealthy, and are just trying to cheese their way out of paying taxes appropriate to the astounding amount of money they make.


Who is wealthier?

Family A both parents work full-time professional jobs.
Location: Burbank, CA


Burbank.
Not even a contest.
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Re: Bookends of an Era?

Unread postby AAA » Wed 11 Mar 2009, 17:19:15

$this->bbcode_second_pass_quote('AgentR', '
')Burbank.
Not even a contest.


Haha now I know you are just playing devil's advocate.

Or else you are really bad at math and cost comparison. 8O
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Re: Bookends of an Era?

Unread postby Ludi » Wed 11 Mar 2009, 17:22:42

$this->bbcode_second_pass_quote('AgentR', '
')Of that $600,000 they are spending on this house, $500k of it is LOCATION VALUE that they have chosen to purchase. How is that different than some midwesterner making 250k and buying $500k worth of some other intangible improver of self esteem?

I am fine with this; its a great thing too; they should be happy and proud to make enough to afford to live in such a place. But to then turn around and and say, "oh I'm not wealthy, I'm just middle class like all of you shmoes living in the same size house somewhere with a hundredth of the location value." It makes me ill.

They are wealthy; they know they are wealthy, and are just trying to cheese their way out of paying taxes appropriate to the astounding amount of money they make.




I agree. People choose to live in Los Angeles and other expensive metropolitan areas. They aren't forced to live there. It requires wealth to be able to buy a house in an expensive area. That's a fact. It doesn't make those wealthy people "middle class" if they happen to choose an expensive place to live.
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Re: Bookends of an Era?

Unread postby AAA » Wed 11 Mar 2009, 17:35:30

$this->bbcode_second_pass_quote('Ludi', '
')I agree. People choose to live in Los Angeles and other expensive metropolitan areas. They aren't forced to live there. It requires wealth to be able to buy a house in an expensive area. That's a fact. It doesn't make those wealthy people "middle class" if they happen to choose an expensive place to live.


I chose to live in Los Angeles but most people feel they don't have a choice even when someone like me encourages them to leave the city for a few years to "see what is out there".

I get the following excuses most often which have some merit to them.

99% of the small business owners cannot move because there is not a market outside large cities.

Most professionals could not find work outside of cities becaues of lack of jobs or lack of career advancement opportunities.
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Re: Bookends of an Era?

Unread postby Ludi » Wed 11 Mar 2009, 17:39:19

$this->bbcode_second_pass_quote('AAA', '
')Have you checked real estate prices lately?

The CHEAPEST house was $609,000.00 and majority are over $1 million.



There are nice looking older homes in just fine neighborhoods for under $400,000.

$399,993
*est. monthly payment: $2,165.59
2 br, 2 ba
Last Updated: 03/05/2009

$399,000
*est. monthly payment: $2,160.21
3 br, 3 ba
1478 sq. ft.
Built in: 1975
Last Updated: 03/10/2009
MLS ID # B2104619

But we can play "dueling real estate listings" all day. Truth is, you don't need to buy a million dollar house to live in Burbank. And you don't need to live in Burbank to live in the Los Angeles area.
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Re: Bookends of an Era?

Unread postby AgentR » Wed 11 Mar 2009, 17:42:04

$this->bbcode_second_pass_quote('AAA', '')$this->bbcode_second_pass_quote('AgentR', '
')Burbank.
Not even a contest.


Haha now I know you are just playing devil's advocate.
Or else you are really bad at math and cost comparison. 8O


Nope.

A wealthy persons choice of expenses does not make them any less wealthy. A person making a million a year in Nebraska has expenses; and I'm certain that income - expenses - savings = 0 in that case too.
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Re: Bookends of an Era?

Unread postby Ludi » Wed 11 Mar 2009, 17:44:33

$this->bbcode_second_pass_quote('AAA', '
')
I get the following excuses most often which have some merit to them.

99% of the small business owners cannot move because there is not a market outside large cities.

Most professionals could not find work outside of cities becaues of lack of jobs or lack of career advancement opportunities.



I moved my business, a very specialized aspect of the entertainment industry, to the middle of nowhere'sville, Texas. So I can't really identify with "most professionals" who can't figure out a way to make money outside of the city, but in spite of being "professionals" and making a shitload of money, still expect to be considered "middle-class" if they choose to stay in the city where they can make a shitload of money.

Sorry, I'm just not feeling the pain. :|
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