smuss77

Joined 13 years ago

Karma
29
Submissions
32
Member since
Feb 14
Software engineer. Chess/soccer/golf player.
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Recent submissions

Comment · 8 years ago
One of the causes of this is the 1031 tax exchanges (allows a person/company to roll over a gain on real estate into a "like-kind" asset, again: real estate). I have a friend that has rolled over a few houses and duplexes into ever more valuable property (he's done well, but he's levered 3-4x). I've often asked him, "when will you cash out?" His answer, "I can't, I don't want to pay the capital gains tax." "Are you worried about a crash?" "No, because even if rents dip 20% I can make the mortgage payments and repairs and wait for the market to recover." I don't know how much this has driven real estate speculation in my area (Denver, CO), but if there is a semi-serious market turn, enough to cross some sort of pain threshold for speculators, there's got to be some forced selling.
Comment · 9 years ago
Guess they haven't figured out you can't masters yourself to competency, or they know and don't care.
Comment · 10 years ago
When this gets here: see ya later solar panel companies.
Comment · 10 years ago
Comment · 10 years ago
Comment · 10 years ago
http://www.nakedcapitalism.com/ Economics/politics/finance blog by yves smith http://www.zerohedge.com/ Anti-establishment finance/economics/politics
Comment · 10 years ago
Thank you. We hadn't, but that's a great suggestion. Might try that.
Comment · 10 years ago
Any chance Linode can shorten the time it takes to update the zone records? We use Linode for spinning up instances, but we're having to look elsewhere for DNS due to the delays (15 min or so)
Comment · 10 years ago
I really like the transparency and accountability.

Two questions: Why are the two loans necessary? And, how does a loan get counted as savings?

> Leo and I are committing $100k each in the form of a loan at the lowest possible interest rate, with repayment only when Buffer reaches a healthy financial position. Savings: $200,000.

Comment · 10 years ago
Whatever you want baby
Comment · 10 years ago
We use MySQL internally.
Comment · 10 years ago
Comment · 10 years ago
Something positive from elevated CO2, that doesn't fit the script.

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