Florida...... Seeking terrorist harley gang. Undercover....... Turbans under helmets .......
Be careful america
Sent from my Verizon Wireless BlackBerry
Rich Michaels Links
Facebook is off-line temporarily ...
Other Rich Websites:
Rich's Main Page. The Alpha
Rich's Offensive Page - may not be suited for Non-Adults
Rich Michaels Productions. Innovative Marketing. Advanced Audio Solutions. Award Winning Advertising & Rich's Creations Recording Studio
Rich Michaels Radio Audio Vault. Radio Show Podcasts and Best of Show!
Thursday, March 31, 2011
Wednesday, March 30, 2011
Tuesday, March 29, 2011
Whacko in the News - HERE! in MICHIGAN
Yeah for us. Michigan makes national news with this numbnut
I WANT MY BURGER - NOW!!!!!! DAMN YOU! (Detroit FreeP)
A drunk driver got so impatient in the all-night drive-through line at Burger King that she intentionally bashed into the car waiting for food in front of her. // CAUSE THAT WILL MAKE THOSE PEOPLE INSIDE MOVE FASTER! The idiot is a 49 year old from Sterling Heights. She said the other cars were going too slow through the drive-thru .... all she was trying to do was help push them along. '// BECAUSE WHEN YOU ARE DRUNK, YOU ARE SUPERMAN. AH, WHAT TIME DID THIS HAPPEN, YOU ASK. OF COURSE. RIGHT AFTER CLOSING TIME. IT WAS 2:20AM SATURDAY. THE DIPSHIT NEVER DID GET HER BURGER AND FRIES SINCE SHE FLED THE SCENE ... COPS NAILED HER LATER. my favorite part: Cops noticed her eyes were bloodshot and glassy!
I WANT MY BURGER - NOW!!!!!! DAMN YOU! (Detroit FreeP)
A drunk driver got so impatient in the all-night drive-through line at Burger King that she intentionally bashed into the car waiting for food in front of her. // CAUSE THAT WILL MAKE THOSE PEOPLE INSIDE MOVE FASTER! The idiot is a 49 year old from Sterling Heights. She said the other cars were going too slow through the drive-thru .... all she was trying to do was help push them along. '// BECAUSE WHEN YOU ARE DRUNK, YOU ARE SUPERMAN. AH, WHAT TIME DID THIS HAPPEN, YOU ASK. OF COURSE. RIGHT AFTER CLOSING TIME. IT WAS 2:20AM SATURDAY. THE DIPSHIT NEVER DID GET HER BURGER AND FRIES SINCE SHE FLED THE SCENE ... COPS NAILED HER LATER. my favorite part: Cops noticed her eyes were bloodshot and glassy!
Monday, March 28, 2011
Most Awesome Joke of Day
A woman was out golfing one day when she hit the ball into the woods. She went into the woods to look for it and found a frog in a trap.
The frog said to her, "If you release me from this trap, I will grant you three wishes."
The woman freed the frog, and the frog said, "Thank you, but I failed to mention that there was a condition to your wishes.
Whatever you wish for, your husband will get times ten!" The woman said, "That's okay."
For her first wish, she wanted to be the most beautiful woman in the world. The frog warned her, "You do realize that this wish will also make your husband the most handsome man in the world, an Adonis whom women will flock to".
The woman replied, "That's okay, because I will be the most beautiful woman and he will have eyes only for me."
So, KAZAM-she's the most beautiful woman in the world!
For her second wish, she wanted to be the richest woman in the world.
The frog said, "That will make your husband the richest man in the world.
And he will be ten times richer than you."
The woman said, "That's okay, because what's mine is his and what's his is mine."
So, KAZAM-she's the richest woman in the world!
The frog then inquired about her third wish, and she answered, "I'd like a mild heart attack."
Moral of the story: Women are clever. Don't mess with them.
Attention female readers : This is the end of the joke for you.
Stop here and continue feeling good.
Male readers: Please scroll down.
.
The frog said to her, "If you release me from this trap, I will grant you three wishes."
The woman freed the frog, and the frog said, "Thank you, but I failed to mention that there was a condition to your wishes.
Whatever you wish for, your husband will get times ten!" The woman said, "That's okay."
For her first wish, she wanted to be the most beautiful woman in the world. The frog warned her, "You do realize that this wish will also make your husband the most handsome man in the world, an Adonis whom women will flock to".
The woman replied, "That's okay, because I will be the most beautiful woman and he will have eyes only for me."
So, KAZAM-she's the most beautiful woman in the world!
For her second wish, she wanted to be the richest woman in the world.
The frog said, "That will make your husband the richest man in the world.
And he will be ten times richer than you."
The woman said, "That's okay, because what's mine is his and what's his is mine."
So, KAZAM-she's the richest woman in the world!
The frog then inquired about her third wish, and she answered, "I'd like a mild heart attack."
Moral of the story: Women are clever. Don't mess with them.
Attention female readers : This is the end of the joke for you.
Stop here and continue feeling good.
Male readers: Please scroll down.
.
.
.
.
.
.
.
.
The man had a heart attack ten times milder than his wife ...
Moral of the story : Women are not really smart, they just think they are.
Let them continue to think that way and just enjoy the show PS: If you are a woman and are still reading this; it only goes to show that women never listen!!!
.
.
.
The man had a heart attack ten times milder than his wife ...
Moral of the story : Women are not really smart, they just think they are.
Let them continue to think that way and just enjoy the show PS: If you are a woman and are still reading this; it only goes to show that women never listen!!!
Awesome Joke
A woman was out golfing one day when she hit the ball into the woods. She went into the woods to look for it and found a frog in a trap. The frog said to her, "If you release me from this trap, I will grant you three wishes."
The woman freed the frog, and the frog said, "Thank you, but I failed to mention that there was a condition to your wishes. Whatever you wish for, your husband will get times ten!" The woman said, "That's okay."
For her first wish, she wanted to be the most beautiful woman in the world. The frog warned her, "You do realize that this wish will also make your husband the most handsome man in the world, an Adonis whom women will flock to".
The woman replied, "That's okay, because I will be the most beautiful woman and he will have eyes only for me." So, KAZAM-she's the most beautiful woman in the world!
For her second wish, she wanted to be the richest woman in the world. The frog said, "That will make your husband the richest man in the world. And he will be ten times richer than you." The woman said, "That's okay, because what's mine is his and what's his is mine." So, KAZAM-she's the richest woman in the world!
The frog then inquired about her third wish, and she answered, "I'd like a mild heart attack."
Moral of the story: Women are clever. Don't mess with them.
Attention female readers : This is the end of the joke for you.
Stop here and continue feeling good.
Male readers: Please scroll down.
.
.
.
.
.
.
.
The man had a heart attack ten times milder than his wife ...
Moral of the story : Women are not really smart, they just think they are.
Let them continue to think that way and just enjoy the show PS: If you are a woman and are still reading this; it only goes to show that women never listen!!!
The woman freed the frog, and the frog said, "Thank you, but I failed to mention that there was a condition to your wishes. Whatever you wish for, your husband will get times ten!" The woman said, "That's okay."
For her first wish, she wanted to be the most beautiful woman in the world. The frog warned her, "You do realize that this wish will also make your husband the most handsome man in the world, an Adonis whom women will flock to".
The woman replied, "That's okay, because I will be the most beautiful woman and he will have eyes only for me." So, KAZAM-she's the most beautiful woman in the world!
For her second wish, she wanted to be the richest woman in the world. The frog said, "That will make your husband the richest man in the world. And he will be ten times richer than you." The woman said, "That's okay, because what's mine is his and what's his is mine." So, KAZAM-she's the richest woman in the world!
The frog then inquired about her third wish, and she answered, "I'd like a mild heart attack."
Moral of the story: Women are clever. Don't mess with them.
Attention female readers : This is the end of the joke for you.
Stop here and continue feeling good.
Male readers: Please scroll down.
.
.
.
.
.
.
.
The man had a heart attack ten times milder than his wife ...
Moral of the story : Women are not really smart, they just think they are.
Let them continue to think that way and just enjoy the show PS: If you are a woman and are still reading this; it only goes to show that women never listen!!!
British Flyover
Who says the British don't have a sense of humor? Photo taken of pilots. Thanks Dennis. You will have to step back from your computer to get the message
Saturday, March 26, 2011
State Workers
In the middle of all this tension, can I please say something nice about state employees?!? First of all, I always affectionately referred to them on the air as "Trout-Mouths!!!!" Why? Hell if I know. It was Andy, a stateworker at the time and a best friend who coined the phrase and I liked it. Kinda like "Line Lizards" back in the day at General Motors.
I, and others, have been giving public UNIONS - NOT THE WORKERS - UNIONS, a lot grief over their radicalism lately. I feel bad. Can I explain? The average working stiff continues to get crapped on. And while there is always government waste, I know some really, really talented hard-working people working downtown.
State workers, like a lot of us, have been fed a load of promises for years. And we trusted. We believed. Well, some did. I still don't even believe Social Security will be there when I get old. At least, I 'm not planning on it. But a lot of people were given promises about retirement and pensions and health care - and we all know what is happening. The country, in order to become healthy again, and attract foreign investment and business - MUST trim the bottom line. And it hurts. It's disappointing. Politicians made promises that were not reasonable. Even in the BEST of times.
I just wanted to say I had a great experience with "Jon" who works for the state. I'll just say that he was one of the most professional person doing his job as he is expected to do.
Second of all, I again want to applaud all of those involved with the MI.GOV web site. For years, Michigan has truly been ahead of the rest of the country with the way we conduct our business in THOUSANDS of ways, through our on-line services. I've always been impressed. That's all.
Well, that's all. Nobody probably cares. But my mom was a state employee for a few years (and waitress for many more) in PA and sometimes people only hear the teasing and the state worker jokes. And I wanted to point out some positives.
These kind of posts never get much response. But the BITCHING always does. I feel better. Have a great weekend. And even though I am furious with many of the protester's conduct at the Capitol in recent weeks, I wanted to throw out a bone.
What do you think? Blog away! It's anonymous.
I, and others, have been giving public UNIONS - NOT THE WORKERS - UNIONS, a lot grief over their radicalism lately. I feel bad. Can I explain? The average working stiff continues to get crapped on. And while there is always government waste, I know some really, really talented hard-working people working downtown.
State workers, like a lot of us, have been fed a load of promises for years. And we trusted. We believed. Well, some did. I still don't even believe Social Security will be there when I get old. At least, I 'm not planning on it. But a lot of people were given promises about retirement and pensions and health care - and we all know what is happening. The country, in order to become healthy again, and attract foreign investment and business - MUST trim the bottom line. And it hurts. It's disappointing. Politicians made promises that were not reasonable. Even in the BEST of times.
I just wanted to say I had a great experience with "Jon" who works for the state. I'll just say that he was one of the most professional person doing his job as he is expected to do.
Second of all, I again want to applaud all of those involved with the MI.GOV web site. For years, Michigan has truly been ahead of the rest of the country with the way we conduct our business in THOUSANDS of ways, through our on-line services. I've always been impressed. That's all.
Well, that's all. Nobody probably cares. But my mom was a state employee for a few years (and waitress for many more) in PA and sometimes people only hear the teasing and the state worker jokes. And I wanted to point out some positives.
These kind of posts never get much response. But the BITCHING always does. I feel better. Have a great weekend. And even though I am furious with many of the protester's conduct at the Capitol in recent weeks, I wanted to throw out a bone.
What do you think? Blog away! It's anonymous.
How is Your weekend
Too much of that new Red Stag - - if you haven't tried it, DON"T. It leads to another bad habit. Wow.
This guy is definitely feeling no pain ....
This guy is definitely feeling no pain ....
Lansing is a Great City
Great news for Lansing and the young population. Check out this article I found in Kiplinger's Personal Finance, October 2010 (hey, I'm behind on my reading).
GREAT CITIES FOR YOUNG ADULTS
Home to five medical schools, two law schools and Michigan State University, Michigan’s capital is a little-known hotbed for young professionals. Granted, this Great Lakes community can’t quite compare to the larger cities on our list in terms of job prospects or things to do. But it has a relatively low cost of living. And its youthful population, downtown renewal projects, and emerging technology sector make Lansing a stand-out in mid-sized cities.
PROS: Cheap rent well below the national average, a respectable bar and club scene, high-paying job opportunities in bio and Internet technologies. Average commute is only 20 minutes.
CONS: Public transportation is unimpressive, long winters, unemployment rate is a full point above the norm (the opportunities here skew toward the highly-skilled)
source:
http://www.kiplinger.com/tools/slideshows/slideshow_pop.html?nm=2010greatcitiesyoungadults
GREAT CITIES FOR YOUNG ADULTS
Real Estate
10 Great Cities for Young Adults
Lansing, Mich.
Metro population: 453,603
Cost-of-living index: 100
Median monthly rent: $630 (average is $819)
Average annual wage: $41,773
Unemployment rate: 10.2%
Percentage of Gen Y residents: 26.9%
Top employers: State government, Michigan State University, Sparrow Health System, General Motors, Lansing Community College, Ingham Regional Medical Center, Lansing School District, Meijer
Metro population: 453,603
Cost-of-living index: 100
Median monthly rent: $630 (average is $819)
Average annual wage: $41,773
Unemployment rate: 10.2%
Percentage of Gen Y residents: 26.9%
Top employers: State government, Michigan State University, Sparrow Health System, General Motors, Lansing Community College, Ingham Regional Medical Center, Lansing School District, Meijer
Home to five medical schools, two law schools and Michigan State University, Michigan’s capital is a little-known hotbed for young professionals. Granted, this Great Lakes community can’t quite compare to the larger cities on our list in terms of job prospects or things to do. But it has a relatively low cost of living. And its youthful population, downtown renewal projects, and emerging technology sector make Lansing a stand-out in mid-sized cities.
PROS: Cheap rent well below the national average, a respectable bar and club scene, high-paying job opportunities in bio and Internet technologies. Average commute is only 20 minutes.
CONS: Public transportation is unimpressive, long winters, unemployment rate is a full point above the norm (the opportunities here skew toward the highly-skilled)
source:
http://www.kiplinger.com/tools/slideshows/slideshow_pop.html?nm=2010greatcitiesyoungadults
Making Jobs in Michigan
When reading this, my main questions still is: Why does a government get to "pick and choose" which businesses get cherry picked for credits as opposed to a more fair open market where every business is treated equally and the strongest survive. The mole was famous for propping up new incoming business, while ignoring starving EXISTING businesses in the same field. THAT is not fair competition.
We need jobs. We need to run like a business. Perhaps we need to have an agreement. The Democrats allow the huge cuts in entitlements which are needed to fix this unsustainable spending. And we have to allow the Bush tax cuts to rise. EVERYBODY will share in the pain more.
Any thoughts? Check out this story from the FreeP this week - - Why the owner of Red Robin would rather not expand any more restaurants in Michigan. This is sobering This is what Rick Snyder and the legislature is trying to change:
We need jobs. We need to run like a business. Perhaps we need to have an agreement. The Democrats allow the huge cuts in entitlements which are needed to fix this unsustainable spending. And we have to allow the Bush tax cuts to rise. EVERYBODY will share in the pain more.
Any thoughts? Check out this story from the FreeP this week - - Why the owner of Red Robin would rather not expand any more restaurants in Michigan. This is sobering This is what Rick Snyder and the legislature is trying to change:
Companies: Gov. Rick Snyder's business tax plan simple, appealing
Last of three parts
Red Robin restaurants are Michigan-bred, but owner Victor Ansara says it's hard to justify expanding in the state with its current business taxes.
The chain has 22 Michigan restaurants and two in Ohio. If all 24 were in Ohio, it would have paid one-fifth of the state taxes it paid to Michigan last year, the company says.
Red Robin's Ohio tax return is five pages. Its Michigan tax return is 270.
The number of restaurants wouldn't change the length of the return.
"It's a shame. My family has been in business in this state for 50 years," said Ansara, a partner of Ansara Group, which also owns several Big Boy restaurants. "I would be more inclined to seek sites in Ohio versus Michigan right now."
Not surprisingly, Ansara likes Gov. Rick Snyder's plan to drop the current Michigan Business Tax in favor of a 6% corporate income tax. His company would not pay the corporate tax. Instead, he and his partners would pay the state's 4.25% income tax on profits.
But Terry Conley, partner at tax specialist firm Grant Thornton in Southfield, said Michigan's taxes aren't that excessive compared with those in other states -- especially for manufacturers, when tax-reducing credits are considered.
Without those credits, he said, "We don't fare well. With them, we can compete with any state."
Still, Conley generally likes Snyder's plan. But their differing views of the current tax show the complexities of creating a more tax-friendly business environment.
Michigan's business tax isn't awful, especially for manufacturers, unless the company is losing money.
"If you're a profitable company doing business in Michigan, compared to a lot of other states, the Michigan corporate tax burden is very competitive," said Conley, a partner at the tax and audit firm Grant Thornton in Southfield.
"If you're a company that loses money or has relatively low margins, then Michigan's corporate tax is generally quite high."
Conley said the tax credits woven into the Michigan Business Tax (MBT) keep the state tax competitive. Some of those credits should continue, he said, because without them, Michigan's business tax would remain moderate or even high compared with the tax in other states.
Snyder would eliminate most of the credits.
"For the governor's plan to be successful, our overall tax structure must be very efficient, where you can say to a company looking to expand here, 'Look, our (tax) incentives in this state are very minimal, but you don't need them because we're a low-cost corporate tax state.' "
Grant Thornton's Chris Leader and Chuck Storeng prepared an analysis for the Free Press that compares how a variety of manufacturers, large wholesalers with warehouses and high-tech companies such as software developers would fare in Michigan versus other states. The analysis compares the MBT -- without tax credits -- to business taxes in Midwest and other states.
It shows that Michigan's tax is generally in the middle when credits are stripped away. The model includes what companies' employees would pay in state income taxes.
But when other state credits are factored in, Michigan comes up short. For example, compared with neighboring Ohio, Michigan is not tax-friendly for large wholesalers, who receive generous property tax credits not available in Michigan.
That's why Ohio has a lot more distribution centers, Conley said.
Without tax credits, Michigan's personal property taxes are among the nation's highest, Conley said.
In another hypothetical example, a large Michigan manufacturer with $85 billion in sales would pay $943 million under the MBT without tax credits. The tax drops to $581 million -- a 38% reduction -- when the state's credits for personal property and employee compensation are included.
For others with large revenues that can't claim tax credits, the MBT can be costly.
Jeff Curry said the MBT isn't favorable to his shipping company, Express-1. Curry, the president, calls the company "an ambulance service for commercial freight," such as rush-order parts or equipment for automakers.
The company has 150 full-time employees in Buchanan, near the Indiana border.
When the state changed to the MBT in 2008, Express-1's tax increased more than fivefold, from 4.7% to 25.5%, Curry said. Because Express-1 uses mostly independent truck drivers, the company cannot claim state tax credits for employee compensation. And the MBT's gross receipts tax hits the business hard.
Curry said he opened a subsidiary in Indiana instead of in Michigan because of its lower taxes.
"Did we want to do that? No," said Curry, a school board member for Niles Community Schools. "We are Michiganders, but we have to take care of business." He said there are no plans to move his company headquarters to Indiana.
As a publicly traded company, Express-1 would benefit significantly from Snyder's tax plan because it would pay a flat 6% on profits.
So would the privately owned Ansara Group, which owns 24 Red Robin restaurants, 22 in Michigan.
Victor Ansara said he and his four partners are double-taxed: Their company pays the MBT, and the partners pay the state income tax on their income from the company.
"That's pretty crazy," Ansara said. He said he's not inclined to open more Red Robins in Michigan. Ohio, where he has two restaurants and where the company's taxes are a fraction of what they are in Michigan, is a better bet, he said.
The company employs about 2,500 people.
Under Snyder's tax plan, they'd pay only on personal income from the company, not a business tax, too.
"Snyder's plan has certainty, simplicity," Ansara said. "There are lot of things in that proposal that make sense."
Contact Chris Christoff: 517-372-8660 or cchristoff@freepress.com
Red Robin restaurants are Michigan-bred, but owner Victor Ansara says it's hard to justify expanding in the state with its current business taxes.
The chain has 22 Michigan restaurants and two in Ohio. If all 24 were in Ohio, it would have paid one-fifth of the state taxes it paid to Michigan last year, the company says.
Red Robin's Ohio tax return is five pages. Its Michigan tax return is 270.
The number of restaurants wouldn't change the length of the return.
"It's a shame. My family has been in business in this state for 50 years," said Ansara, a partner of Ansara Group, which also owns several Big Boy restaurants. "I would be more inclined to seek sites in Ohio versus Michigan right now."
Not surprisingly, Ansara likes Gov. Rick Snyder's plan to drop the current Michigan Business Tax in favor of a 6% corporate income tax. His company would not pay the corporate tax. Instead, he and his partners would pay the state's 4.25% income tax on profits.
But Terry Conley, partner at tax specialist firm Grant Thornton in Southfield, said Michigan's taxes aren't that excessive compared with those in other states -- especially for manufacturers, when tax-reducing credits are considered.
Without those credits, he said, "We don't fare well. With them, we can compete with any state."
Still, Conley generally likes Snyder's plan. But their differing views of the current tax show the complexities of creating a more tax-friendly business environment.
Business tax credits key for Michigan, expert says, but most lost in Snyder's plan
Last of three partsBusiness tax credits key for Michigan, expert says, but most lost in Snyder's plan
Terry Conley advises Michigan companies on state taxes, and his conclusion might surprise some:Michigan's business tax isn't awful, especially for manufacturers, unless the company is losing money.
"If you're a profitable company doing business in Michigan, compared to a lot of other states, the Michigan corporate tax burden is very competitive," said Conley, a partner at the tax and audit firm Grant Thornton in Southfield.
"If you're a company that loses money or has relatively low margins, then Michigan's corporate tax is generally quite high."
Conley said the tax credits woven into the Michigan Business Tax (MBT) keep the state tax competitive. Some of those credits should continue, he said, because without them, Michigan's business tax would remain moderate or even high compared with the tax in other states.
Snyder would eliminate most of the credits.
"For the governor's plan to be successful, our overall tax structure must be very efficient, where you can say to a company looking to expand here, 'Look, our (tax) incentives in this state are very minimal, but you don't need them because we're a low-cost corporate tax state.' "
Grant Thornton's Chris Leader and Chuck Storeng prepared an analysis for the Free Press that compares how a variety of manufacturers, large wholesalers with warehouses and high-tech companies such as software developers would fare in Michigan versus other states. The analysis compares the MBT -- without tax credits -- to business taxes in Midwest and other states.
It shows that Michigan's tax is generally in the middle when credits are stripped away. The model includes what companies' employees would pay in state income taxes.
But when other state credits are factored in, Michigan comes up short. For example, compared with neighboring Ohio, Michigan is not tax-friendly for large wholesalers, who receive generous property tax credits not available in Michigan.
That's why Ohio has a lot more distribution centers, Conley said.
Without tax credits, Michigan's personal property taxes are among the nation's highest, Conley said.
In another hypothetical example, a large Michigan manufacturer with $85 billion in sales would pay $943 million under the MBT without tax credits. The tax drops to $581 million -- a 38% reduction -- when the state's credits for personal property and employee compensation are included.
For others with large revenues that can't claim tax credits, the MBT can be costly.
Jeff Curry said the MBT isn't favorable to his shipping company, Express-1. Curry, the president, calls the company "an ambulance service for commercial freight," such as rush-order parts or equipment for automakers.
The company has 150 full-time employees in Buchanan, near the Indiana border.
When the state changed to the MBT in 2008, Express-1's tax increased more than fivefold, from 4.7% to 25.5%, Curry said. Because Express-1 uses mostly independent truck drivers, the company cannot claim state tax credits for employee compensation. And the MBT's gross receipts tax hits the business hard.
Curry said he opened a subsidiary in Indiana instead of in Michigan because of its lower taxes.
"Did we want to do that? No," said Curry, a school board member for Niles Community Schools. "We are Michiganders, but we have to take care of business." He said there are no plans to move his company headquarters to Indiana.
As a publicly traded company, Express-1 would benefit significantly from Snyder's tax plan because it would pay a flat 6% on profits.
So would the privately owned Ansara Group, which owns 24 Red Robin restaurants, 22 in Michigan.
Victor Ansara said he and his four partners are double-taxed: Their company pays the MBT, and the partners pay the state income tax on their income from the company.
"That's pretty crazy," Ansara said. He said he's not inclined to open more Red Robins in Michigan. Ohio, where he has two restaurants and where the company's taxes are a fraction of what they are in Michigan, is a better bet, he said.
The company employs about 2,500 people.
Under Snyder's tax plan, they'd pay only on personal income from the company, not a business tax, too.
"Snyder's plan has certainty, simplicity," Ansara said. "There are lot of things in that proposal that make sense."
Contact Chris Christoff: 517-372-8660 or cchristoff@freepress.com
Friday, March 25, 2011
HYSTERICAL. over and out ...
|
72 Times. Oh the agony!!! The toiling!! Having to get on that job!!! It makes a man cry.
True story. meh - i think .....
True story. meh - i think .....
Never Own a House Again
Why I Am Never Going to Own a Home Again
- Posted by James Altucher
- on March 19th, 2011
I have some stories about owning a home. One of them is here: “What It Feels Like to be Rich” where I describe my complete path into utter depravity and insanity. The other one is still too personal. Its filled with about as much pain as I can fit onto a page. Oh, I have a third one also from when I was growing up. But I don’t want to upset anyone in my family so I’ll leave it out. Oh, I have a fourth story that I just forgot about until this very second. But enough about me. Lets get right to it.
There are many reasons to not buy a home: [By the way, I also put this in the category of Advice I want to tell my daughters, including my other article: 10 reasons not to send your kids to college.]
Financial:
A) Cash Gone. You have to write a big fat check for a downpayment. “But its an investment,” you might say to me. Historically this isn’t true. Housing returned 0.4% per year from from 1890 to 2004. And that’s just housing prices. It forgets all the other stuff I’m going to mention below. Suffice to say, when you write that check, you’re never going to see that money again. Because even when you sell the house later you’re just going to take that money and put it into another downpayment. So if you buy a $400,000 home, just say goodbye to $100,000 that you worked hard for. You can put a little sign on the front lawn: “$100,000 R.I.P.”
B) Closing costs. I forget what they were the last two times I bought a house. But it was about another 2-3% out the window. Lawyers, title insurance, moving costs, antidepressant medicine. It adds up. 2-3%.
C) Maintenance. No matter what, you’re going to fix things. Lots of things. In the lifespan of your house, everything is going to break. Thrice. Get down on your hands and knees and fix it! And then open up your checkbook again. Spend some more money. I rent. My dishwasher doesn’t work. I call the landlord and he fixes it. Or I buy a new one and deduct it from my rent. And some guy from Sears comes and installs it. I do nothing. The Sears repairman and my landlord work for me.
D) Taxes. There’s this myth that you can deduct mortgage payment interest from your taxes. Whatever. That’s a microscopic dot on your tax returns. Whats worse is the taxes you pay. So your kids can get a great education. Whatever.
E) You’re trapped. Lets spell out very clearly why the myth of homeownership became religion in the United States. Its because corporations didn’t want their employees to have many job choices. So they encouraged them to own homes. So they can’t move away and get new jobs. Job salaries is a function of supply and demand. If you can’t move, then your supply of jobs is low. You can’t argue the reverse, since new adults are always competing with you.
]
F) Ugly. Saying “my house is an investment” forgets the fact that a house has all the qualities of the ugliest type of investment:
- Illiquidity. You can’t cash out whenever you want.
- High leverage. You have to borrow a lot of money in most cases.
- No diversification. For most people, a house is by far the largest part of their portfolio and greatly exceeds the 10% of net worth that any other investment should be.
A) Trapped, part 2. Some people like to have roots. But I like things to change every once in awhile. Starting March, 2009 I was renting an apartment directly across the street from the New York Stock Exchange. It was fun. I’d look out the window and see Wall Street. How exciting! Before that I lived in The Chelsea Hotel with Chubb Rock. Last year we decided to relax and move a little north. Now I look out the window and see the Hudson River. And its quiet and I can walk along the river in the morning with no noise. It took us two weeks to pick a place and move. No hassles. I like to live a hassle-free life.
B) Walls. You can’t change the walls when you rent. A lot of people seem to want to tear down walls. Or paint them. Sometimes when you rent you can’t do these things. Well, make sure you have a landlord that lets you tear down walls. There must be some ancient evolutionary tic that makes us want to tear down walls or put nails in them or paint them. I don’t get it. I like the walls to stay right where they are.
C) Rent. People will argue that the price of the mortgage, maintenance taxes, etc is all baked into the price of rent. Sometimes this is true. But usually not.
D) Psychology. Look at your personal reasons for wanting to own. Do you feel like you can’t accomplish something in life until you own a house? Do you feel like its part of getting married and “Settling down”, i.e. creating a nest for your future children? For you, is it a part of becoming an adult. Is this what your parents taught you? Examine the real reasons you want to own and make sure they are coming from a good spot in your heart.
E) Your time. Do you really want to spend all that time working on your house? Is this where your time is best spent towards creating a happy and fulfilled life for yourself?
F) Choices. I feel when I rent I always have the choice to leave. To live wherever in the world I want whenever I want. Adventure becomes a possibility even if I never take advantage of it.
G) Stress. For me (not for everyone) owning a home equals stress. I saw what my parents went through at their worst moments owning a home. I saw what I and others went through in the Internet bust when I first owned a home. I saw what people went through in 2008. People were killing themselves. I don’t like that sort of stress. This is how I deal with stress.
By the way, this is going to sound like a contradiction: but I think housing is a great investment right now. I think housing prices have gone down far enough and I can list the reasons why housing as an abstract investment concept is going to go higher from here. But I don’t like to write about investing on this blog. Suffice to say there are many stocks you can buy, with leverage if you want to take advantage of the rise in housing. But I’m never going to buy a home again. And sit there in the middle of the night thinking, “why the hell did I do this to myself again.”
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Holy Shit - Are we Screwed??
I just watched a video last night from Stansberry Associates and while it was a horribly dry video, it was very convincing about the future of the American Dollar - and I think what the impact will be on our way of life.
Then TODAY, I caught this video.
http://finance.yahoo.com/blogs/daily-ticker/dollar-never-greater-risk-says-howard-davidowitz-20110325-110902-734.html;_ylt=AqNXcye3wnjxPU7et8UqaJK7YWsA;_ylu=X3oDMTE2OWc2NDVsBHBvcwMxMgRzZWMDdG9wU3RvcmllcwRzbGsDZGF2aWRvd2l0emRv?sec=topStories&pos=9&asset=&ccode=
Let's just say Howard makes the same argument about a 6,000 point drop in the Dow Jones and what will really happen in hyperinflation because we have gone stark raving mad printing dollars.
Thoughts?
Then TODAY, I caught this video.
http://finance.yahoo.com/blogs/daily-ticker/dollar-never-greater-risk-says-howard-davidowitz-20110325-110902-734.html;_ylt=AqNXcye3wnjxPU7et8UqaJK7YWsA;_ylu=X3oDMTE2OWc2NDVsBHBvcwMxMgRzZWMDdG9wU3RvcmllcwRzbGsDZGF2aWRvd2l0emRv?sec=topStories&pos=9&asset=&ccode=
Let's just say Howard makes the same argument about a 6,000 point drop in the Dow Jones and what will really happen in hyperinflation because we have gone stark raving mad printing dollars.
Thoughts?
Time to Get Michigan Off the SHI**ER! Go Snyder!
from WSJ
HEADLINE: Michigan's War on the Middle Class
SUB-HEAD: That battle was lost long ago—and now the young and talented are leaving.
By WILLIAM MCGURN
The new Republican governor of Michigan, Rick Snyder, likes to say that he's not interested in the confrontation with organized labor that we see in Wisconsin. That may be. Nevertheless, Mr. Snyder has become Public Enemy No. 1 for the protesters in Lansing carrying signs demanding that he "End the War on the Middle Class."
Here's a news flash: That war was lost long ago.
The costs of defeat are reflected in grim statistics that show a state that was once a powerhouse of the American economy sinking into stagnation reminiscent of the Old South. Today, average per capita income in the Wolverine State ranks just 37th in the nation—down from ninth in 1965. In terms of adults holding college degrees, Michigan ranks 36th. The areas where it ranks near the top are not happy ones: unemployment (fifth from the top) and outbound moves (second only to New Jersey).
And let's not even mention Detroit.
Michigan today is not a struggling state like California or New Jersey or even Wisconsin. It is a basket case, with worse to come if things do not change quickly—especially in the relation of the public to the private sector.
"Many of the protesters seem to think the war is between rich and poor," says Michael LaFaive, director of the Morey Fiscal Policy Initiative at the Michigan-based Mackinac Center. "But the real class war today is between government and the people who pay for it. And the government's been winning."
Here's a telling anecdote from Monday's Detroit Free Press: An article on Michigan-bred Red Robin restaurants quoted its owner as saying he could not see expanding in Michigan, given its tax climate. An accompanying photograph drove home the point. It features the company accountant holding up its tax returns for Ohio and Michigan: While the former is five pages long, the latter clocks in at 270.
In response, Gov. Snyder has laid out plans to cut spending, eliminate the tax exemption for public-employee pensions, replace a job-killing business tax with many carve-outs for a cleaner 6% corporate tax, rein in corporate welfare such as a refundable tax credit for the film industry, and so on.
On Monday, he went further. At a meeting in the Grand Rapids City Hall, he offered localities financial incentives in exchange for their shifting all new hires to something most Michiganders who work for private businesses already have: defined-contribution pensions such as 401(k)s and health-care plans that require them to pay at least 20% of their premiums.
The tax proposals on pensions (he also wants to remove the partial exemption for private pensions) and his tax reductions for business have opened him up to the charge that he is balancing the budget on the backs of the middle class. His most controversial step, however, was last week's signing of a financial managers bill. This legislation allows him to appoint emergency financial managers to struggling cities and schools.
His dilemma here is twofold. Because these emergency managers have the power to rip up collective-bargaining contracts, organized labor thinks this bill makes him another Scott Walker—but without the real structural reform that Gov. Walker has gained in Wisconsin. Meanwhile, the long-term effect of shifting hard decisions to appointees will likely make local officials only more feckless.
Still, where Mr. Snyder has a plan, his opponents mostly offer excuses. Even at this dire stage, few seem able to grasp the most salient challenge of Michigan life today: It is the only state in America to lose population over the last decade. That's especially true among college graduates. More than half the young men and women from the state's two leading universities, Michigan and Michigan State, leave within a year of earning a degree.
Not that it has to be this way. For every dreary statistic, Michigan has a real advantage: a large freshwater coastline, a farm sector that could be an even larger export industry, a rising health-care industry, energy reserves waiting to be tapped, and affordable communities. The point here is not that if you build it they will come. The point is if you get off their backs, they will come build it themselves.
David Littmann, an economist and colleague of Mr. LaFaive at Mackinac, says he's deeply skeptical of whether Mr. Snyder's reforms go far enough. But about Michigan's potential he has no doubts, if government would only let the market decide.
"If we created a climate where the risks and rewards were attractive to capital, we'd find entrepreneurs from all over the world finding their way to Michigan," he says. "They in turn would be a catalyst for other industries we can't even imagine now—and the kind of Michigan that could be even more dynamic than it was when the auto industry was at its peak."
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Whackos in the news!!! YEAH!!!
Talk about a pushy sales pitch. Police in Lincolnton, North Carolina arrested 26-year-old Nicole Scarpone after she forced her way into an apartment and demanded three men inside pay her 10 bucks to have sex with her. After repeatedly knocking, Scarpone managed to worm her way in and then claimed the men owed her 100 dollars. Scarpone claimed she had been in the residence before to have sex, although no one asked her to come over in this instance. Cops say she dropped by in the hopes of making a few bucks. /// PROOF THE ECONOMY IS IMPROVING! ~ rich
A Russian wife bit off her husbands' penis after she discovered him and HER best friend naked in bed together. .. HEY, WE ALL NEED MORE FRIENDS LIKE THAT, RIGHT?! // The 36-year-old wife has been sentenced to two years in jail for the crime. Katya Kharitovonova and her hubby, Mikhail, invited her friend, Liza Dmitriyeva, over for dinner, but Katya fell asleep during the evening, at which point Mikhail and Liza took off their clothes and helped themselves to some dessert // BETTER THAN SEX CAKE?!? // . Katya woke up to find them going at it, so she hit Liza in the head and chomped down on Mikhail's manly appendage. Being the caring wife she is, however, she called an ambulance to take him to the hospital.// YEAH, SHE REALIZED THAT WAS LIKE CUTTING OFF HER NOSE TO SPITE HER FACE! ~ rich
THE UNITED STATES IS RECEIVING OFFERS OF HELP FROM OTHER COUNTRIES IN THE WAR WITH IRAQ. In Morocco, a published report says that their government has offered to help by providing Allies 2,000 monkeys trained in detonating land mines. // I WAS THINKING THE RECENTLY DEPARTED MEMBERS OF CONGRESS WOULD ALSO WORK ~ rich
MORE PROBLEMS WITH INTERNET DATING!! A couple met on the internet in Nepal. After extensive “dating” on the net, the man claimed he was in love with the woman – even though he never had met her or seen a picture of her. They hooked up in real time, she rejected him and he hacked her to death and then tried to take his own life!! // ALRIGHTY THEN ... NOW BACK TO FACEBOOK ....~ rich
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