Miscellaneous Discussion Thread
No doubt they're probably going through a lot of tires with all the curb scraping/pounding while trying to park at that age.Quote: jjjooogggMy parent's need me to check their tires. Fix flats. .
Quote: AxelWolfNo doubt they're probably going through a lot of tires with all the curb scraping/pounding while trying to park at that age.
She drives long distances out of town alot. I check tires before she leaves out of town.
If I thought that my mom was a danger to herself or others. She wouldn't be driving. I had to put a pedal lock to make sure my dad didn't drive off the first week. They can afford to have a driver.
They have tons of Mexican tire repair shops around Vegas. You can get an adequate used set balanced and mounted for like $125.Quote: jjjooogggAnd nails and leaking shraeder valves.
If I thought that my mom was a danger to herself or others. She wouldn't be driving. I had to put a pedal lock to make sure my dad didn't drive off the first week. They can afford to have a driver.
Quote: AxelWolfThey have tons of Mexican tire repair shops around Vegas. You can get an adequate used set balanced and mounted for like $125.
She drives out of town long distance alot. She wants her inflation checked at the office before she leaves. I got new tires at sam's. They still need to be refilled. Why should she go to a tire shop. I got scammed by one. They couldn't find my leak. They charged me $5 for their time. I went somewhere else and got it fixed.
Quote: jjjooogggI'm not saying that I don't have the choice to leave my parents. I just couldn't handle that emotionally. My parent's need me to check their tires. Fix flats. Fix stuff around their house. You can call it weakness, a conscious, what ever. They would probably be bankrupt by now if I left. We lost 80% of our personal and business bank accts feeding the business. When I got certified to fix my own, we are now seeing an undetermined amount of profit.
I left my parents in 2010. Found a job in Austin. I visited them in the fall of 2013 and broke down emotionally and stayed since then.
I did research assisted living. They are 100k /per year. We can't afford that anymore. Nursing, not fond off. My dad almost cried when I told him about assisted. My mom is a nurse. We don't need hospice yet.
IDK, you're all over the map on this. You say you might be in line for a good inheritance, then you say you can't pay for assisted living.
In any case, you don't just have to sneak off into the night. You can put your foot down. Tell them to choose between having you help them sell off remaining assets and having you walk. Either way, you are done with this stuff.
They seem to have no regard for your well being, so doing that much for them is going above and beyond.
Quote: RigondeauxIDK, you're all over the map on this. You say you might be in line for a good inheritance, then you say you can't pay for assisted living.
In any case, you don't just have to sneak off into the night. You can put your foot down. Tell them to choose between having you help them sell off remaining assets and having you walk. Either way, you are done with this stuff.
They seem to have no regard for your well being, so doing that much for them is going above and beyond.
When I said that I personally mow 10 acres across 6 counties. And we still have 2 mowing co. mowing other lots and a rental office. We have alot of assets tied up in vacant land. Mom doesn't want to sell at fair price. She keeps rejecting offers. We lost a good one when she had a lawyer rewrite the contract on a good offer.
The property taxes would have accelerated the bankruptcy.
We were losing or break even renting out climate controlled office space. Renter lowered his own rent to 35 cent per sq ft. We paid for utilities and repairs. I hired a property manager without my parents knowledge. Increased rent to 73 cents. I have been doing the AC and plumbing and electrical repairs.
My dad created the perfect storm, a mess. After my parents die, I will sell everything 1/2 price.
Quote: jjjooogggShe drives out of town long distance alot. She wants her inflation checked at the office before she leaves. I got new tires at sam's. They still need to be refilled. Why should she go to a tire shop. I got scammed by one. They couldn't find my leak. They charged me $5 for their time. I went somewhere else and got it fixed.
Your parents have been in more accidents than a demolition derby
Quote: vegasYour parents have been in more accidents than a demolition derby
It isn't right that cops are falsifing tickets and traffic reports against mom. I can see the rear end damage. 15 years ago, cop gave mom a ticket for driving to slow. Which I know is false. Another case, how does a cop put the truck in the wrong orientation on the traffic report. You can see the damage with car paint transfer on the truck to see which corner was damaged and the orientation and who is truthful.
I've been the driver in seven car to car collisions that were not my fault.
My parents drive alot at night. They drive thru low income neighborhoods at night to our restaurants.
You realize how many drunk drivers are here. It is a Mexican tradition to drink every holiday, every football game, and even on the job. Cops turn a blind eye to criminals with a suspended driver's license. I found out my ex mantenance man's license was suspended when we hired him. I offered to pay his tickets off. He declined my offer. He got a ticket for speeding. The cop didn't care about no license.
I was rear ended by a drunk drvier. He fled. I chased him. Cops took a long time to come and arrest him. 35 years ago, Mom was rear ended at a stop light by a high school student. All 4 cars in front of us dominoed. I was vomiting for 2 days and meds. The judge didn't do anything to him. Synopsis said that the judge and defendent came to an understanding. Case info was later sealed.
4 times I was backed into while parked in a parking space. 30 years ago, my dad was rear ended by a man with a criminal record. They had no insurance. A year ago, Our delivery truck was hit by a car that ran the red light, our driver Paco was driving. I was cut off. Slamming my brakes and swerving to the curb didn't avoid a collision. Another lady hit me as she exited the parking lot.
I heard car accidents almost every night when i Lived near the university
I was in my office I heard a loud dumpster like sound. I recognized the noise and knew it was a car accident. I saw other cars driving past. So I waited til morning. A vehicle crossed the grass into someone's fence and collided with a parked van. Things happen.
You do realize that good drivers
are not involved in accident after
accident after accident like your
mom is. It just doesn't happen.
Good drivers learn how to avoid
accidents that wouldn't even be
their fault. Old people lose that
skill, they just point the car and
drive.
My dads 2nd wife was that way
when she was old. She obeyed
the traffic rules but ignored the
world around her. Defensive
driving is a skill that's hard to
maintain with advanced age.
My wife's parents got to the point
where he operated the pedals
and she steered,because he has
Parkinsons and also fell asleep
a lot. I'm not making this up.
The family had to force the DMV
to suspend his license before
somebody died because he wouldn't
give it up willingly. He fought
for years to get it back.
Denver Post, “It’s not just the kids out there with their marijuana. It’s some of us way over age 40 who have bad habits, including driving while we’re texting. One thing AAA believes is that it’s not your age that determines when you should stop driving, but your physical ability. There are 50-year-olds who shouldn’t be driving, and 80-year-olds who are still competent. It can be as simple as your health and physical ability.”
I never said she got into many accidents in a short period of time.
My mom is a health nut.
The nurse had to keep giving morphine bc his head hurt. And stapled scalp back
Next day i sat in passenger side to observe him drive. He could not drive. I found a pedal lock. I told him that it is illegal to drive past a certain age and he believed.me or realized that i wasnt going to let him. He has dimentia.
My mom doesnt smoke no alcohol no sodas. She was avid at tennis
https://imgur.com/OKHh4Ng
Photo dated May 31, 2018
Btw. When my mom got out of her car when she was rear ended. Before she could say anything. The lady told my mom to go back to her own country. My mom felt scared bc there were two men with her. She didnt say anything back.and got back inside
JV: Anybody here from Buffalo?
Oh yes, we are from Buffalo.
JV: You’re from Buffalo? What’s wrong didn’t you have parents?
JV: Anyone from across the pond? Right-o, right-o.
Yes we are from England, right-o.
JV: No, no, right-toe you’re standing on my right-toe.
Always liked the mention JV was given in the opening scene of the John Gotti movie (the good John Gotti movie with Armand Assanti playing Gotti and not the lousy John Travolta playing Gotti one).
JV’s catchphrase “I’m going to live until I die”. A real funny guy, a real funny guy.
Quote: GWAEMy 5 year old covered his entire arm with about 20 tattoos. I walked in the house and he was proud that he has a sleeve. He also got a necklace from dave and busters yeatersay that says eat drink play that he is obsessed with. Between the tats and chain he is ready for the street
Don’t you mean the Skreets
Quote: PokerGrinderDon’t you mean the Skreets
I am not sure, do I?
I am just wondering if we will get a call from our yuppy school tomorrow
He probably makes most of his money selling Pharmaceuticals.Quote: SOOPOOI just got out of a bathroom at an expensive restaurant in New York City. They had a guy there handing you a towel after you washed your hands. He had a little tip jar clearly visible with a few dollars and five dollar bills sticking out. Also, right next to the tip jar, was a placard stating he took credit cards! There was some sort of "square" logo! I am just trying to fathom reaching into my wallet to get a credit card to give this guy a tip! I did leave a single dollar and he was very polite and thankful.
I doubt it's legal, but I think the guys that work the clubs seem to make a ton selling single cigarettes, cloves and cigars. $1 per cig, $2 a clove and a huge markup on cheap cigars like Swisher Sweets.
Of course, everyone is vaping now so I have no clue if that's still a thing.
Quote: SOOPOOI just got out of a bathroom at an expensive restaurant in New York City. They had a guy there handing you a towel after you washed your hands. He had a little tip jar clearly visible with a few dollars and five dollar bills sticking out. Also, right next to the tip jar, was a placard stating he took credit cards! There was some sort of "square" logo! I am just trying to fathom reaching into my wallet to get a credit card to give this guy a tip! I did leave a single dollar and he was very polite and thankful.
Like you really want to handle dirty money after washing your hands. I wouldn't leave a thing and let the establishment manager know that it is BS and not appreciated.
Quote: SOOPOOI did leave a single dollar and he was very polite and thankful.
I read somewhere that the average tip a parking valet
driver gets tipped $1. Exactly the same as it's been
since the 1960s. I'm betting it's a been a dollar for
restroom valets since the 60s also. Frank Sinatra always
tipped the bathroom valet, the parking valet, or
anybody he gave a tip to, with a $100 bill. Because
that's all he carried was $100 bills
Quote: MaxPenLike you really want to handle dirty money after washing your hands. I wouldn't leave a thing and let the establishment manager know that it is BS and not appreciated.
What is BS about it? A service is offered that you can take advantage of or not, and if you do you can determine the rate that you are willing to pay. I generally don't tip if he hands me a towel but one time I did take advantage of some mouth wash and tipped a $1.
Quote: DRichWhat is BS about it? A service is offered that you can take advantage of or not, and if you do you can determine the rate that you are willing to pay. I generally don't tip if he hands me a towel but one time I did take advantage of some mouth wash and tipped a $1.
As long as there is paper towels available or a hand dryer I would agree. But it sounded like it was just a towel service only thing. If that's the case it is BS. Especially in a restaurant I'm not digging for money when done washing hands and I don't want to be put in a situation where I feel obligated to.
Quote: MaxPenAs long as there is paper towels available or a hand dryer I would agree. But it sounded like it was just a towel service only thing. If that's the case it is BS. Especially in a restaurant I'm not digging for money when done washing hands and I don't want to be put in a situation where I feel obligated to.
Basically agree. But the gentleman had the stash of paper towels and was handing them out. I generally hate the concept of me needing to figure out what is 'proper' to tip in these ambiguous situations. It was a pretty big restaurant. I'm guessing he made well in excess of $50 an hour from tips. I was really curious to ask how many people tipped by credit card, but didn't.....
Whenever someone talks about whether or not they should pay off a loan, someone always says, "If you pay it off it's a guaranteed return on your money."
For example, let's say I have a $1000 loan at 5%, and I ask my friend if I should pay it off or pay the minimum instead and just invest the rest. My friend says, "Well, if you pay it off, it's a guaranteed 5% return."
No, it isn't. I'm not "getting" a 5% return on that money. If I have a $1000 loan at 5%, and I pay it off before the first payment is even due, I haven't made $50. I just haven't lost $50. I've broken even. It's not a "return on investment."
So why do people say that?
Quote: TigerWuSomebody explain this logic to me:
Whenever someone talks about whether or not they should pay off a loan, someone always says, "If you pay it off it's a guaranteed return on your money."
For example, let's say I have a $1000 loan at 5%, and I ask my friend if I should pay it off or pay the minimum instead and just invest the rest. My friend says, "Well, if you pay it off, it's a guaranteed 5% return."
No, it isn't. I'm not "getting" a 5% return on that money. If I have a $1000 loan at 5%, and I pay it off before the first payment is even due, I haven't made $50. I just haven't lost $50. I've broken even. It's not a "return on investment."
So why do people say that?
The logic is that paying it off is equivalent to investing the $1,000 in a guaranteed 5% investment (on a post-tax basis) and using the income to pay the loan minimums.
Quote: unJonThe logic is that paying it off is equivalent to investing the $1,000 in a guaranteed 5% investment (on a post-tax basis) and using the income to pay the loan minimums.
How?
If I invest $1000 in something at 5% interest, I end up +$50.
If I pay off a 5%, $1000 loan ahead of time, I end up +$0.
Furthermore, if I pay off a 100%, $1000 loan ahead of time, I also end up +$0
So, according to the aforementioned logic, a 5% rate of return and a 100% rate of return are mathematically equivalent, which is obviously nonsense.
Quote: TigerWuHow?
If I invest $1000 in something at 5% interest, I end up +$50.
If I pay off a 5%, $1000 loan ahead of time, I end up +$0.
Furthermore, if I pay off a 100%, $1000 loan ahead of time, I also end up +$0
So, according to the aforementioned logic, a 5% rate of return and a 100% rate of return are mathematically equivalent, which is obviously nonsense.
What?
Imagine you have $1,000 in the bank and are wondering what you should do with it. You have two solid options.
1) Pay back a loan you took out for $1,000 at a 5% interest that matures in 5 years.
2) Invest in a tax free muni bond that pays 5% interest and matures in five years.
Those choices are equivalent. The income the bond spins off will exactly make the 5% payments you will owe in the loan. And in five years, the bond gives you back the $1,000 just in time to pay off your loan at maturity.
Make sense?
If I pay back the $1000 loan before any interest payments are due, I now have $0 in the bank.
Where is the 5% return on my investment from paying off the loan?
EDIT:
Here's an example of what I'm talking about from a Motley Fool article.
Quote:Your return on investment is low: While you earn a guaranteed return on investment by prepaying your mortgage, your return on investment is low because mortgage interest rates are low. If your mortgage rate is 4.5%, your rate of return from prepaying your mortgage is just 4.5%. By contrast, the S&P 500 has produced annualized total returns (including dividends) close to 10%, which is significantly higher.
Using this example, let's say I invest $100,000 in the S&P at a 10% annual return. After one year, I have $110,000.
Now, let's say I have a $100,000 mortgage at 4.5%. I somehow come up with $100,000, and pay off the mortgage. This Motley Fool article is implying that I will get a 4.5% return on that payoff. So where is the $4,500 from paying off the mortgage early??
Quote: TigerWuOkay, I have $1000 in the bank, and a $1000 loan at 5% interest.
If I pay back the $1000 loan before any interest payments are due, I now have $0 in the bank.
Where is the 5% return on my investment from paying off the loan?
EDIT:
Here's an example of what I'm talking about from a Motley Fool article.
Using this example, let's say I invest $100,000 in the S&P at a 10% annual return. After one year, I have $110,000.
Now, let's say I have a $100,000 mortgage at 4.5%. I somehow come up with $100,000, and pay off the mortgage. This Motley Fool article is implying that I will get a 4.5% return on that payoff. So where is the $4,500 from paying off the mortgage early??
Semantics
You will never see it any other way regardless. Probably time to move on.
Quote: MaxPenSemantics
You will never see it any other way regardless. Probably time to move on.
I'm sure it is just semantics, but I also think a lot of people (like that Motley Fool article) just do a pi$$ poor job of explaining it so it makes sense.
Quote: TigerWuOkay, I have $1000 in the bank, and a $1000 loan at 5% interest.
If I pay back the $1000 loan before any interest payments are due, I now have $0 in the bank.
Where is the 5% return on my investment from paying off the loan?
EDIT:
Here's an example of what I'm talking about from a Motley Fool article.
Using this example, let's say I invest $100,000 in the S&P at a 10% annual return. After one year, I have $110,000.
Now, let's say I have a $100,000 mortgage at 4.5%. I somehow come up with $100,000, and pay off the mortgage. This Motley Fool article is implying that I will get a 4.5% return on that payoff. So where is the $4,500 from paying off the mortgage early??
Agree semantics. I can only repeat myself. Let me try it this way. If you take out a 5% loan, then you have made a -5% investment. Paying off a -5% investment saves you 5%. Here’s the semantic leap you seem to resist: saving 5% by getting rid of a -5% investment is the same as making a 5% investment.
Or one more way: taking out a 5% loan to invest in a 5% investment opportunity exactly nets out to zero. So you should be indifferent between paying off a 5% loan today (saving 5%) or not paying it off and instead making a 5% investment.
Quote: MaxPenSemantics
I don't understand either one of them.
Quote: unJonAgree semantics. I can only repeat myself. Let me try it this way. If you take out a 5% loan, then you have made a -5% investment. Paying off a -5% investment saves you 5%. Here’s the semantic leap you seem to resist: saving 5% by getting rid of a -5% investment is the same as making a 5% investment.
Okay, that makes more sense.
I still think calling it a "return on investment" as so many people do is disingenuous, and muddies the waters. It would just be much more straightforward to say, "you're not losing money to interest."
Quote: TigerWuOkay, that makes more sense.
I still think calling it a "return on investment" as so many people do is disingenuous, and muddies the waters. It would just be much more straightforward to say, "you're not losing money to interest."
Except many financial decisions are of the following sort: should I borrow money in order to invest in the following []. To oversimplify, if the rate of borrowing interest is lower than the investment return, than leveraging up increases profits. If the rates are equal (again oversimplified) then you are indifferent to borrowing. So in that sense paying off a 5% loan is equivalent to making a 5% investment. Which ever choice you make (pay back loan or don’t pay back and invest money) you end up in the same place.
Quote: TigerWuOkay, that makes more sense.
I still think calling it a "return on investment" as so many people do is disingenuous, and muddies the waters. It would just be much more straightforward to say, "you're not losing money to interest."
Here's my not-terribly-well-thought-out argument...
Isn't this a bit like the logic fail that causes Gambler's Fallacy and the Two Dice Debacle? You're looking at it from scratch, and the idea of taking a 5% loan and then paying it off and looking at this as "an investment" is rightly called bunk.
However, the example given is not from scratch. You already have the 5% loan. That 5% is gone (or will be) has been paid (or will be) you have no legal right to that money, it is not yours. It ceases to be. It's out PININ' for the FJORDS.
From this point, then, wouldn't paying off the loan thus recouping the money be a "return"?
Quote: RigondeauxIsn't it just a variation of a penny saved is a penny earned?
Not really. Let me try one more way then I’ll give up.
You owe the Wizard $10. He charges a 10% a week vig. So you can pay him $10 today or $11 a week from now.
Axel comes to you today with an investment scheme. It’s a guaranteed AP play that will take him a week to pull off. He needs you to give him $10 to participate. The AP play will net $2 in profits that he will split with you. So in a week, he will pay you back your $10 plus $1 profit.
Your options:
1) Pay back loan to Wiz. Leaving you no money to invest with Axel. You are left at $0.
2) Don’t pay back the Wiz. Invest the money with Axel. A week later he gives you $11. You then give Wiz the $11 you now owe. You are left with $0.
In summary: paying back a 10% a week loan is identical to making a 10% a week investment. In both cases you have the same ending cash of $0.
Ditto. interest is an expense not income.Quote: mcallister3200I’ve never heard anyone say that
I can't say I favor flogging, but I have a hard time dismissing it.
Fines can be devastating to poor people and barely noticeable to the rich. A poor person might have to chose between paying their rent or a $400 ticket for rolling though a stop sign. A rich person might be caught driving utterly s-faced for the second time and effectively face no penalty at all.
Flogging has the same impact on everyone.
Incarceration costs the state a lot of money. Flogging is quite cheap.
Incarceration can have a devastating effect on your life. You lose your job. You miss your rent. Your kids have to go into foster care. All of this affects other people (your employer, your landlord, your kids) and society as a whole. People who are incarcerated often become more criminalized.
Flogging sucks really bad. It should be a strong deterrent. But you get it and it's over with. You might have to take a couple sick days---i don't know how bad the effects really are--but you should be able to move on with your life.
Hopefully this isn't too political.
Quote: Rigondeaux
Flogging has the same impact on everyone.
That may not be true, I'm sure there are some guys who enjoy it who would even be willing to pay for it.
tell that to the guys who are willing to pay for it.Quote: RigondeauxFlogging is quite cheap.
it is not just the caning that is in effect on the Isle of Wight.
Scandinavia often has lane-change fines that make headlines because the driver was a rock star ot other high income person. Jails in some countries require appointments or are nocturnal only.
Josephson County in Oregon is 90 percent untaxable Federal land, the people are poor and fire and police are all volunteer. The sheriff is open on Wednesday afternoons only and has no jail. Judges must find appropriate community based reparation focused bail and sentences.
ten dollars or ten days has always worked a hardship on the poor but now we have a lot of plead guilty and do six months or your pretrial detention will be a year and your sentence will be five years.
Texas has a lot of people serving time on guilty pleas rather than wait two years for a state chemist to report 'lawful substance'.
