thrwwyfrobvrsns

5 ms·

1.
by thrwwyfrobvrsns 2y ago
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 it's in everyone's inter
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by thrwwyfrobvrsns 2y ago
I think you're talking past me. What does this reply have to do with gp?
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by thrwwyfrobvrsns 2y ago
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 volume drops/rent drops/comparab
4.
by thrwwyfrobvrsns 2y ago
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 the $2 mil to invest in something else.
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by thrwwyfrobvrsns 2y ago
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 renewal initiative. The residents were all working-class
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by thrwwyfrobvrsns 2y ago
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 made on, and all the more so if younger
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by thrwwyfrobvrsns 2y ago
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. IIRC, this is explained by their low visceral fat lev
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by thrwwyfrobvrsns 2y ago
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 dismissive of others'. Obnoxious in the frequ
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by thrwwyfrobvrsns 2y ago
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 contribute at all. >Require him to get along with c
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by thrwwyfrobvrsns 2y ago
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 itself driven by wealth inequality - specifically
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by thrwwyfrobvrsns 2y ago
RIP your subjective comfort, long live someone else's ability to be within 4 warm, permanent walls when the temperature drops below freezing.
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by thrwwyfrobvrsns 2y ago
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 arcane financial schemes, should have managed your risk better
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by thrwwyfrobvrsns 3y ago
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 workout one day. The bears corner Mike in a booth. <mess