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CC
Guest
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 Posted: Thu Jun 17, 2010 4:55 pm GMT Post subject: |
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| mpr wrote: |
So when the govt. prints money and gets people to work this is "getting
something for nothing" only in the same sense that if you're sitting
around the house watching tv, and you decide to go mow the lawn
you're suddenly doing something useful at no cost to yourself and
therefore getting "something for nothing". |
It's a bad analogy, but I guess you don't consider time is money or at least something valuable right?
Prints money and gets people to work? If problem can be so simply solved, every country should be doing great.
Jobless claims rise 12,000 to 472,000
http://www.marketwatch.com/story/jobless-claims-rise-12000-to-472000-2010-06-17 |
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Boston ITer
Joined: 11 Jan 2010
Posts: 269
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| Posted: Thu Jun 17, 2010 5:23 pm GMT Post subject: |
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| Quote: | | but the public sector will just get their benefits reduced as public dissatisfaction increases |
This is true, payroll and benefits will decline but that's more due to a declining tax revenue base. Realize, the govt payroll also includes the police/fire, FBI, & mayors' offices. There is a power structure, within the halls of govt and thus, they'll be a pay schedule hierarchy equivalent to today's GS1 to GS15 (plus step), however, the >10 crowd will be more restricted over time. And given the current concern for medical facilities to stay solvent, the govt will probably also be taking 'em over, esp if insurances become too costly. Think of it as a VA hospital system but on a larger scale. Still, for a soon to be third world type of society, the GS1 to GS6 ($17K-$40K) range looks mighty good vs living on the streets. And really, people will choose 'em over being a temp for a fax server maint job at XYZ corp where they can be fired at the drop of a hat.
This new America, as highlighted above, is affordable since the US govt will be making its money off currency swaps. Companies, on the other hand, won't need to be bringing R&D back here as full development centers will be all over Asia including up and comers like Vietnam. They'll basically be maintaining post-sales type of consulting efforts on the US side but those positions will be rather limited, and will probably be folks who know how to broker deals with the Feds. I suspect that these govt facing "rainmakers" will be the last of the Yuppie class in America. I suspect that pool of *traders*, for hedge funds, will be selected from global pools of talent and thus won't have a regional effect on hiring practices. |
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mpr
Joined: 06 Jun 2009
Posts: 344
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| Posted: Fri Jun 18, 2010 12:36 am GMT Post subject: |
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| CC wrote: | | mpr wrote: |
So when the govt. prints money and gets people to work this is "getting
something for nothing" only in the same sense that if you're sitting
around the house watching tv, and you decide to go mow the lawn
you're suddenly doing something useful at no cost to yourself and
therefore getting "something for nothing". |
It's a bad analogy, but I guess you don't consider time is money or at least something valuable right?
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The point is that in both situations people who would be sitting idle
instead do some useful work.
| CC wrote: |
Prints money and gets people to work? If problem can be so simply solved, every country should be doing great.
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I never claimed this was a sinecure. The side effects and limitations
have been discussed before. |
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Kaidran
Joined: 17 Mar 2010
Posts: 289
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Renting in Mass
Joined: 26 Jun 2008
Posts: 381
Location: In a house I bought in December 2011
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| Posted: Tue Aug 10, 2010 2:35 pm GMT Post subject: |
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| I think we're entering the period of reasonable prices. Not great deals, but not silly high. |
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CL
Guest
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| Posted: Tue Aug 10, 2010 3:32 pm GMT Post subject: |
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It's actually cheaper than expected. Assuming tax accessed value on the land is fair (around 405K), it's pretty much the seller is paying 40K for the demolition cost.
You can use (roughly $150 per sq ft) 300K to tear-down & build/gut and renovate the place, and you can get a brand new 2000 sq ft SFH that is close to 95, walkable to Riverside T station and you can access Newton school. For less than 700K. I won't do it coz it's a lot of work and I am lazy, but I imagine there will be a lot of people willing to sign up for it. |
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Kaidran
Joined: 17 Mar 2010
Posts: 289
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| Posted: Tue Aug 10, 2010 3:43 pm GMT Post subject: |
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It is a possibility for a teardown but at the moment I'd question how many people would actually sign up for that.
I still dont think that the assessed price is a good measure of worth, particularly for teardowns.
I wonder what will actually happen to the house? Someone just trying to break into Newton, a handy DIYer or a teardown builder. |
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JCK
Joined: 15 Feb 2007
Posts: 559
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| Posted: Tue Aug 10, 2010 10:19 pm GMT Post subject: |
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| Probably a developer bought it. In my Cambridge neighborhood, most of the "project" properties are snapped up by developers who gut renovate and resell. |
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john p
Joined: 10 Mar 2006
Posts: 1820
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| Posted: Wed Aug 11, 2010 1:31 am GMT Post subject: |
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Why do you think this website is getting a lot of traffic in the past week?
I think it is great, but I'm trying to figure it out. I know this is getting into the better part of the buying season. Is is because mortgage rates are cheaper? |
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