Don't pretend you can legislate around that problem-- if payday loans against UBI were illegal, the black market (loan sharks) would fill in the gap.
100 karma · joined April 30, 2012
Don't pretend you can legislate around that problem-- if payday loans against UBI were illegal, the black market (loan sharks) would fill in the gap.
Still, almost anyone who bought a house a few years ago in the area is sitting on at least $500k in gains. So even if taxes on the remainder are arguably fair from a revenue perspective, they are another constraint on housing market liquidity.
Why? I want a 50% bigger/nicer house in the same area. But bigger/nicer houses have increased in price proportionally to mine. So the gap in absolute dollars between what I have and what I want has expanded quite a bit. My income has increased, but not really enough to cover the gap.
Strong increasing prices really only help homeowners to the effect that they're eventually willing to downsize or move to a lower-cost area.
If prices rise strongly and proportionately I suspect it just causes stagnation. I can't really upgrade without a windfall, thus my house stays off the market. So other folks can't upgrade to my house.
It seems like at least 75% of the body-shop projects end up being so poorly executed that people like me inevitably get called in to revamp and clean up the mess.
By all means, corporate America, keep giving out big projects to the lowest bidder, who will throw their international cheap labor at it. Then call me up to pick up the pieces in a year or two at my usual high rate, working from home 100%.
http://blog.ametsoc.org/uncategorized/plane-has-combative-at...
Given that it's an A-10, it might be more accurate to say that the cannon is having its aircraft removed.
The people who puzzle me are those who fetishize programming so much that they don't demand proportionate cold hard cash to do it well.
Not sure what science has to do with this anyway; this is basically a matter of public-policy/politics/economics.
Just one example of the article's outdatedness-- the jumbo mortgage market is doing great now:
http://www.bloomberg.com/news/2013-07-03/wealthy-going-big-t...