scambo1

Dude;

You are preaching to the choir. I have sold 1 house since 2008. I still have 13 in inventory. The good news is that all they eat is property tax, insurance, lawn maintenance and electricity. The bad news is that I am too chicken to be a large scale landlord due to the threat of meth labs. I just finally decided to be the bank and carry the mortgages for any qualified buyers.

The problem with that is there are no qualified buyers. Gather 100 working people together and fewer than 10 of them can come up with 20% down by pooling all of their assets. When you are in the situation I am in, it is really, really clear how few people have any money.

There are certainly areas where housing has seen a rebound. I went to the beach last month to make an offer on another house. The accepted offer was $90K higher than the asking price. IMO, those people were just locking in cheap money (3%).

So...I say again...if you are planning on a big ticket item purchase, lock down your interest rate sooner rather than later.

scambo1

As Bob Marley used to say "legalize it"

then tax the hell out of it.

Man we need the dues.

That'll be the "legacy."

newKnow

Fellas, can we save the drama, today? Just because one person won and your guys didn't, doesn't mean the world is going to come to an end. Our planes will still fly. Humans will still walk the earth on two legs.

If we really want to kick butt, we should find a way for Delta to hire Nate Silver.

Sink r8

Nobody likes a sore loser, T. I'm willing to talk about the problems with face with getting into politics, but I'm not interested in your blame-game hystrionics. If you want to blame someone, blame people that inherited something good, and turned it into sh$t. Actually, no, that's not good enough: why don't we accept our individual participation in the collective spending binge, and voting for people who enabled it.

Regardless, I'm optimistic. I can't foresee every solution to our problems, but I imagine that some inflation, some de-facto devaluation of the $, and the fact the world needs us to succeed, tell me we'll get there eventually. I'm not going to have a coronary hyperventilating over a future that would have to occur without my long-dead a$$.

I'm going to grab a good drink and a good book, and check on the end of the universe occasionaly.

Sink r8

...I could have saved myself some typing if there was a "like" button for THIS.

BlueMoon

I think it turned out the way it did because most people don't think big picture like that. They merely look at who they can vote for and choose and don't look at the make up of the current House or Senate.

tsquare

Not a sore loser per se. I am scared to death of a $16 trillion debt and growing with a shrinking tax base. (And I am not just talking about personal income taxes.) I'm just glad I don't have any kids to pass this on to.

Bucking Bar

You're kidding, right?

Unrestrained business gave us folks like Rockefeller and Carnegie, who broke contracts with labor with murder and who destroyed competition through unfair monopolistic business practices. Is that the sort of "no government intervention" you advocate before defrauding the shareholders of various banks and leaving our Country?

Your playbook is Atlas Shrugged, not Atlas Mugged

Even as a Libertarian, certain government regulation is needed to promote a fair, open and unrestrained marketplace.

Economically I couldn't define a whole hill of difference between the right wing socialist and the left wing socialist who ran for office in this election. The last balanced budget we enjoyed was under Gingrich'e leadership (who I supported with donations during the Primary).

tsquare

There's regulation.. and there's regulation. I do not advocate going back to Carnegie times, but the suffocating heavy handedness of this administration is gonna leave us in gridlock for the forseeable future.

And FWIW, Gingrich and Bill Clinton BOTH benefited from the dot com runup, and I cannot give either one's policies much credit for the boom we all enjoyed at that time. That and Clinton had the good sense to move to the center in his second term.

And yes I am kidding about the credit card thingy... I think Argentina might have an extradition treaty.

flyallnite

Well for whatever it's worth...

Election Over: What it means to Airlines industry




Chris BagleyStaff Writer- Triangle Business Journal Email
Analysts said Wednesday that Pres. Barack Obama’s reelection may settle several questions that had been hanging over transportation companies, including the possibility that a Mitt Romney administration might have pushed to eliminate a cap on foreign ownership of airlines.
Federal law has capped foreign ownership since 1926, when the aim was to foster what was then a fledgling industry. The original 49 percent cap was later tightened to a 25 percent cap that applies only to voting shares.
Several proposals to relax the cap have been floated in Congress over the years, including a Bush-era proposal to move the cap back to 49 percent.
While Romney himself said little about such proposals, people in the industry looked for him to push for a lifting or elimination of the cap. Such expectations were widespread, said Bob Mann, an airline-industry consultant in Port Washington, N.Y.
“The argument is that (the cap) limits investment,” Mann said.
“The counter to the argument is ‘Why would anyone be interested?’,” he added, only half in jest. The industry has been in choppy skies since 2001, with multiple recessions and rising fuel costs. Midway Airlines, for example, which was based at Raleigh-Durham International Airport, dissolved in 2002. Nearly all major airlines to survive have done so with help from bankruptcy reorganizations, and the industry has consolidated considerably in attempts to gain pricing power vis-a-vis suppliers and passengers.
Shares of Delta Air Lines (NYSEAL), the nation’s largest airline and the second-largest at RDU by passenger counts, fell 3 percent to $9.76. RDU leader Southwest Airlines Co. (NYSE: LUV) fell 1 percent to $9.03.
Pinning changes in stock prices to any one event is often a tricky game, of course, and aviation wasn’t the only industry trading lower today. The bellwether S&P 500 index was 2 percent lower in early afternoon trading at 1,398 points.
Industry consultant Gerald FitzGerald, a former director of aviation for the Port Authority of New York and New Jersey, acknowledged Romney’s leanings but noted that such proposals have been bouncing around in Congress for years, with no actual changes.
“I see such gridlock in Washington,” Fitzgerald said. “They’ve made it clear up until now that they’re not going to do very much” for airlines.
That state of affairs is unlikely to change following Tuesday’s election, he said.