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Comment Re:Less favorable lending rates? (Score 1) 490

At the same time, there never has been a time where housing was so overpriced either. Granted, prices dropped in the past decade after the bubble popped, but they're still way above their historical mean in terms of house price vs household income.

We're still in bubble territory, except perhaps in places like Detroit. Where I live it's something like 10x+ household income, which is nothing short of nuts. (Historical mean is 3-4x). If you're taking a 100 mortgage for something worth 50 in the long term, possibly 25 at the low, and you end up stuck with the tab when the market will come down crashing. Low interest or not, it's a super pricy loan.

Comment Re:Monocultures are bad (Score 2) 139

Then again, why should anyone waste their time reading "news" written by crack pots in the name of, what again?

Personally speaking I've little interest in reading the sewers that your father is reading (no offense) in the name of trying to comprehend their worldview, beyond an article here and there to get a feel of how below the belt they stand.

IMO the real issue is the American (and increasingly European) belief that everyone is entitled to their own opinion, which is all too often understood as meaning that everyone is entitled their own facts, and which purportedly suggest that all opinions (and facts) have merit. They don't.

In their willingness to avoid confrontation that might hurt another's feeling, or their decision that life's too short for jerks, Americans end up behaving like a toothless, neutered herd. Shrugging instead of calling out crap when you see crap is fine for inane topics at the end of the day. It's not for topics that affect you.

Comment Re:Bubble (Score 0) 490

The debt is still around, the bubble just didn't deflate because of the bailouts - it got shifted around like hot potatoes, with the tax payer holding a big one. It's only a matter of time before the next round of crashes.

Would love to think we'll see some handcuffs this time, but, well, Trump.

Comment Re:Ban temporary lifted for the wrong reasons (Score 1) 476

Imagine 10,000 enterprising, able people suddenly relocated back to their home countries where they will open businesses, employ their countrymen, and add to their own culture's wealth instead of an imperialist power's.

Color me puzzled. In that person's shoes, would you seriously consider setting up a startup in some backwards country, complete with a corrupt adminstration, a dysfunctional court system, no financial backbone, no infrastructure, and an excuse for an education system, if you had the opportunity to do so in a developed country instead?

Might be just me but I can't think of anyone wanting to do that without undergoing some rectal cranial inversion. Maybe a hardcode nationalistic type might. Just maybe.

Comment Oh please... (Score 4, Interesting) 98

. As great as this is for consumers, it's even better for the likes of TripAdvisor and Yelp, whose business model relies on people being able to speak their minds.

Yelp is a glorified e-racketeer that collects extortion fees from small businesses the world over. Please spare me the "people being ale to speak their minds" BS.

Comment Re:IL had free rides to all senior citizens 2008-2 (Score 4, Interesting) 239

Eventually he got inmpeached and the new Gov discovered that free rides were not sustainable. So they means tested it.

Dunno how they discovered it wasn't, but FWIW it might be an unfortunate (mis-)find.

Public transportation where I live is free for seniors. Trains, metros, busses, boats, etc., in all cities and between all cities. Everything except airplanes. It surprised me somewhat when I came here for the first time, and it certainly surprised my parents when they first came (since as EU seniors they didn't need to pay either), but apparently this has been going on since the communist era.

There arguably is a cost. Perhaps one can shrug it off as in "meh, the bus is scheduled anyway. The only point in time where it might be problematic is during rush hours when you need to field a few more busses." Or perhaps not.

Either way, the positive side effects are observable when you care to look: seniors tend to visit their children and grand children across the country instead of it being the other way around like where I'm from - and more often, at that. You see seniors everywhere, and the contrast in their behavior is palpable when I compare this with the other two dozen or so countries I've lived in. When they do go out they can afford to go to cafes and restaurants, give some money to their kids and grand kids, etc. Plus nanny savings that allow single moms to work more than part-time where applicable.

I've no idea if the net economic balance is positive, but when you factor in the quality of life side effects across generations it certainly seems worth doing.

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