Viewing profile — thrwwyfrobvrsns

And I just explained how the risk is "low". The loan is not upside down when they sell it; they have nominal proof that it's "worth" $2 million (through dubious valuations, because…

I think you're talking past me. What does this reply have to do with gp?

Oh, that's easy: >Builder sells n/m units at a convincingly fast rate; values rest of building based on these sales >Bank gives the loan and then sells it to a third party >Sales v…

If those buildings are “useless”, how is the developer going to make money on it? >Build for $1 mil. >"This building is worth $2 mil! Give me a loan with it as collateral." >Use th…

I think this has more to do with the ownership/residence situation. There was a study done of a redlined neighborhood, mid-century, that was slated for razing as part of an urban r…

It's not what they "only" care about, when it comes to investment; it's what they can make money on. Or, rather, what their investment advisers or fund managers think money can be …

Sumo wrestlers kind of fascinate me in this regard. It's very rare to find a professional who is diabetic, even though they eat one big carb-heavy meal a day and are morbidly obese…

Agreed. Yet~ >Let's define the term "jerk" here as someone who is both intentionally, and obnoxiously aggressive. Aggressive in their enforcement of their own opinions and dismissi…

I would correct the quote as such: >Don't pay enough to live in a way that his family and community respects his contributions and sacrifices, if such pay even gives him room to co…

Something that intend to write on someday that I'll excerpt here: the phenomenon of "young men with nothing to do" is driven by a society-wide misallocation of capital that is itse…

RIP your subjective comfort, long live someone else's ability to be within 4 warm, permanent walls when the temperature drops below freezing.

Government should build housing and sell it at a modest loss. The markets are overheated and can do with some cooling. Too bad for anyone using property values as collateral for ar…

world_sim> Twist: the bears are a couple, and interested in Mike. As a potential training protege, and maybe more. As luck would have it, all 3 end up at the same diner after a wor…