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RedImperator
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Post by RedImperator »

Slartibartfast wrote:
RedImperator wrote:Ooh, look who's trying to disprove a general statement with a personal anecdote! The fact remains that at least in the United States, the vast majority of apartments are leased to tenants who pay a monthly rent and do not gain any equity. They don't own the land, the building, or the unit, and when they move out (or get evicted) all the money they paid in rent is gone.
So? Change.
I'd happily undo 50 years of social trends and urban planning, but I seem to have misplaced my magical fairy dust.
In fact, this arrangement is so common that there's another term used for apartments that are owned by the residents: condominiums. Or do you think I used two different words for variety's sake?
Condos are closed (often gated) residential complexes with many buildings. Apartments are part of a building anywhere, and they don't need big amounts of empty space around them, they could be right in the middle of city downtown.
I bloody well know apartments can be residential units located over storefonts, or high rise towers downtown. They can ALSO be (and the majority, maybe the vast majority of the apartment units in the suburbs ARE) part of complexes like condominiums.

And how, exactly, does one get this bonanza of apartments for sale? The landlords, I gather, don't own the buildings for the fun of listening to tenants bitch.
Nothing of what you said changes the fact that, what you people want most is a big ass wooden house with a big ass yard and often lots of "field" space that expands as much as possible. Obviously, ownership is not a big issue otherwise people would start selling and buying apartments instead of renting them.
Yes, that's why it's impossible to sell a Manhattan brownstone, or a rowhouse on Beacon Hill, or a condominium in downtown Philadelphia. Oh wait...

Dense neighborhoods in the United States are either blighted or priced out of the middle class market. That leaves the suburbs, and the developers have been selling exactly one product out there for 50 years--freestanding wood frame houses with a lawn. And they've been building them bigger and bigger because that's they can't increase the number sold anymore.

Unless and until you get some elementary knowledge of the history and economics of the American housing market, how about you stop trying to psychoanalyze the people who live here? You'll save yourself the embarassment.
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Post by Sea Skimmer »

SirNitram wrote:
So it is possible to run profitable passenger lines.. But it requires alot of work that few are willing to plunge into it.
It also requires a volume of passenger traffic, which is very high, the North East Corridor has it, no other Amtrak line did. This is because the North East Corridor is a very densely populated area with several cities spaced to make for convenient rail trips without a plane really being any faster, while being considerable drives to undertake. Even spending huge amounts of money upgrading other lines really wouldn't attract much extra traffic on its own, America is just too big for rail trips. Also, unlike the NEC, many of the lines we'd have to upgrade also have lots of turns which would require trains to slow down no matter what, and rebuilding the lines which larger radius turns would drive the price sky high. Though since most of the lines aren't electrified (the cost of expanding that would be immense on its own) we'd be stuck with diesal powered trains. Those can still hit 125-150mph in some cases, but accleration is inferior to electrical trains.
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Post by weemadando »

Cry me a fucking river...

Down here unleaded petrol (the cheapest fuel as the gov't won't allow, let alone subsidise ethanol mix), in your appaling USD/gal measurement system is: 3.38 USD/gal.

Gas is the US is still cheap as fucking chips, but at least over here people have some clue as to what constitutes fuel efficiency.
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Post by The Yosemite Bear »

My fist comment to sarah

so what's the fuel efficency on this subaru?


yes, I really do understand this sorta shit.

I also bought the most fuel effieciant vehicals I can offord around here.
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Post by Crayz9000 »

Just skipping a bunch of stuff first...

1) The Ford Nucleon scares me. I don't trust Ford's engineering: their electrical systems have consistently sucked, they have had too many problems with badly designed engines and drivetrains, and their suspension systems make me wonder WTF they're smoking. Don't ever let their engineering teams near a nuclear reactor, for the love of everyone...

2) I have a 1986 Chevy Camaro. It has a V8. I also get about 18 MPG on city streets with it. It's actually more efficient than our V6 powered station wagon, which is getting about 14 MPG city.
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Post by The Yosemite Bear »

reminds me of all those twists who bitch about desiel vehicles.

don't they realize for the energy they generate the deseils are more fuel efficient then their little two bangers?

after all how often does your camero carry a month's worth of groceries, and how many people can it carry?
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Post by Slartibartfast »

RedImperator wrote:And how, exactly, does one get this bonanza of apartments for sale? The landlords, I gather, don't own the buildings for the fun of listening to tenants bitch.
In a privately-owned apartment building, there's no "landlord", what you have is an association of neighbors that each own a share of the building.
Yes, that's why it's impossible to sell a Manhattan brownstone, or a rowhouse on Beacon Hill, or a condominium in downtown Philadelphia. Oh wait...

Dense neighborhoods in the United States are either blighted or priced out of the middle class market.
If there was a demand for apartments, the price of apartments wouldn't be prohibitive.
That leaves the suburbs, and the developers have been selling exactly one product out there for 50 years--freestanding wood frame houses with a lawn. And they've been building them bigger and bigger because that's they can't increase the number sold anymore.
If buyers weren't buying, sellers wouldn't be selling. There's this thing called "market analysis" and it has nothing to do with magic powder. In fact it's related to a prediction if people are actually going to buy your shit.
Unless and until you get some elementary knowledge of the history and economics of the American housing market, how about you stop trying to psychoanalyze the people who live here? You'll save yourself the embarassment.
translation: you don't know shit about America so shaddap!
Cities are cities, buildings are buildings, money is money. I happen to have been directly involved in the construction, sale, and a lot of the paperwork of several apartments, and in the ownership of at least one. I know how we all are supposed to pay for the water, services, property taxes, etc.

But alright then, apparently only if I live in the US, I can talk about how fucked up it is :roll:
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Post by Crayz9000 »

The Yosemite Bear wrote:after all how often does your camero carry a month's worth of groceries, and how many people can it carry?
I'll answer your questions in reverse order.

It can only carry two passengers right now. That's because I'm replacing the interior and the rear seats have been removed. However, as a direct result of that, I can now carry a ludicrous amount of cargo for a hatchback sports car.

Right now, I have a floor jack and a full set of tools (wrenches, ratchets, screwdrivers, and electrical tools) plus a tire iron and spare fluids in the trunk area. I also have a collapsible camp chair back there (because I use it for my job, which involves a lot of sitting around). And several blankets.

Then, in the area behind the front seats, I have a bunch of spare parts lying in the footwells. And I still have enough room to carry a couple of suitcases and my backpack and drawing portfolio & art supplies.

I've also found that I can carry a full-size 26" mountain bike in the back thanks to the missing rear seats. And amazingly I still have room for the tools and my backpack.

So in short, it's a small, light car, it has a powerful engine and incredible handling (good for avoiding maniac drivers here in SoCal), it gets good mileage, and I can cram a lot of stuff into it. I'm happy.
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Post by The Yosemite Bear »

Sorry, I live in the part of the state where SUV's actually are needed...

unfortunatly, I wish the ability to actualy use the brain, and DRIVE one of those things was a requirement before purchasing one. I also am going from a small compact Chevy, to a much larger Subaru. Note even though I only drive once a month, and that's for food and medicine
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Post by The Third Man »

RedImperator wrote: Even if you buy a house at inflated prices and take a bath when the real-estate market implodes, it's still less of a loss than renting.
There is one teeny-tiny advantage offered by renting. I don't know if it applies in the US, but over here, we have had a recent property price crash (early 90s) and some say we're heading for another - this serves to sharpen our thinking re the lurking spectre of negative-equity.

The renter is suddenly laughing at the owner in a price-collapse scenario, albeit under certain specific conditions, because he isn't vulnerable to the dreaded negative-equity trap.

For those who don't know, negative equity works like this - I buy my £100,000 gaff when prices are on the up and up. I take out a £75,000 loan(=mortage) to fund the purchase. Two years down the line and Ooo-err! Price collapse! My house is now worth £50,000. I must keep up the payments on my loan (of which I have by now repaid bugger-all), or the house is repossessed, and I lose all. If I were to sell the house, I get £50,000, but if I do I must repay my £75,000 loan - which I can't as I'm £25,000 short. So I'm stuck, and a good chunk of my monthly mortgage payments are money flushed away just as surely as the renters money is - I'm servicing a loan of £75k to support an asset worth £50k, and there's no way out.

The other point that is often missed (especially here in the UK, where those of us who own homes have been too busy patting ourselves smugly on the back as the prices soar to ridiculous levels) is that the value of the house doesn't really make you any wealthier in real life, because you will (almost) always need a house, and the value of all the other houses is increasing too. If you decide to move, guess what? The price of the new house you want to buy has risen too, and the "wealth" you think you had available in the form of your old gaff, dissappears into the purchase of the next. This means, in effect, that for a large proportion of your life, you will still be making hefty payments each month in exchange for somewhere to live. The nest-egg benefit, for the vast majority of people, only comes into effect right at the end of your life, when you are looking to downgrade from a larger house to a smaller, and pocket the change. And to get to this point you must make it over maybe 40 years of mortgage payments without something terrible happening to you on the way - such as price collapse and negative equity, inability to meet payments for some reason and repo or being sold a criminally underperfoming endowment mortgage to name a few of the hazards.

That said, it is better to buy, but not the fantastic immediate life-transforming event some make it out to be, and not without its own potential downsides.
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Post by Zed Snardbody »

Slarti, Care to explain this statement to me?

"If there was a demand for apartments, the price of apartments wouldn't be prohibitive. "

To me, and its late at the moment, it looks like you're saying, that if people wanted apartments, the price would be lower.

Am I correct, becuase if I am, I've got a big reply for you.
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Post by Darth Wong »

Admiral Valdemar wrote:If you're stupid enough to rent all your life and not get a foot on the property ladder, you'd probably have wasted that cash on something crazy anyway.
That depends on whether you're investing what would have been the extra cost of a mortgage, home property taxes, house upkeep, repairs, maintenance, and renovations into a retirement fund. Technically, it's not too difficult to work out the numbers in such a manner that you're actually better off investing the money in other ways; it's not as if all the money you put into a typical mortgage actually goes toward property; a lot of it goes toward interest, which gives you no more equity than renting does.

Other advantages of renting are flexibility (say you lose your job and the only opening is 100 miles away; it's a lot easier to rent a new place than to suddenly sell your house), immunity from real-estate market fluctuations, and no worries about a sudden crippling expense if there is some kind of problem with your house (anyone who's known enough homeowners will eventually run into someone who has some incredibly expensive problem just hit them smack in the face).
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Post by Col. Crackpot »

Darth Wong wrote: That depends on whether you're investing what would have been the extra cost of a mortgage, home property taxes, house upkeep, repairs, maintenance, and renovations into a retirement fund. Technically, it's not too difficult to work out the numbers in such a manner that you're actually better off investing the money in other ways; it's not as if all the money you put into a typical mortgage actually goes toward property; a lot of it goes toward interest, which gives you no more equity than renting does.

Other advantages of renting are flexibility (say you lose your job and the only opening is 100 miles away; it's a lot easier to rent a new place than to suddenly sell your house), immunity from real-estate market fluctuations, and no worries about a sudden crippling expense if there is some kind of problem with your house (anyone who's known enough homeowners will eventually run into someone who has some incredibly expensive problem just hit them smack in the face).
Mike, over the past 100 years there really hasn't been any major drops in the housing market in the US. A few corrections, yes (the S&L Crisis in the late 80's for example) but those have always proven to be short term setbacks. Another constant is inflation. Rents rise with inflation, mortgages don't. Again i'll use the houe i live in as an example. It cost $6000-ish to build in 1950. Market price when i bought it a year ago was $173,000.
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Post by The Third Man »

Col. Crackpot wrote: Mike, over the past 100 years there really hasn't been any major drops in the housing market in the US. A few corrections, yes (the S&L Crisis in the late 80's for example) but those have always proven to be short term setbacks.
While that is by and large true (even for the over-heated UK case) over the long run, a short term fluctuation can hurt - if it lands you, even for a mere few months, in a negative-equity situation, then that can cause real financial pain if you suddenly needed to sell - for whatever reason - during those few months.

There's also the matter of specific, localised hits to property values, rather than the overall trend. Even while prices generally are on the up, it is perfectly possible for localised prices to be hit hard. Example would be, if you bought a house for a substantial sum in a nice rural location, then suddenly find the local planning people authorise a massive industrial development right on your doorsetp or, say, the erection of a cellular phone base station - which are massive turn-offs to potential buyers and could hit your specific property's value hard, independent of the national trend. These sort of things can catch you out no matter how diligent you are about checking things at the time of purchase.
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Post by Darth Wong »

Col. Crackpot wrote:Mike, over the past 100 years there really hasn't been any major drops in the housing market in the US. A few corrections, yes (the S&L Crisis in the late 80's for example) but those have always proven to be short term setbacks. Another constant is inflation. Rents rise with inflation, mortgages don't. Again i'll use the houe i live in as an example. It cost $6000-ish to build in 1950. Market price when i bought it a year ago was $173,000.
You're oversimplifying. Add 50 years of property taxes, yard upkeep, house maintenance, repairs and renovations expenses to that $6000 before you compare its original cost to its sale price. And as TTM points out, it sucks to be you if you need to sell your house during a downturn; I knew people who were fucked over by the late 80s real estate crash.

I'm not saying that renting is always better; I'm just saying that buying is not necessarily always better either. Especially in countries which don't have the American mortgage interest deduction which is designed to encourage you to buy a house.
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Post by Dahak »

Admiral Valdemar wrote:If you're stupid enough to rent all your life and not get a foot on the property ladder, you'd probably have wasted that cash on something crazy anyway.
Well, renting is the norm for the majority of people here in Germany...
I don't think I'd buy or build a house one day. Just too expensive and limits my flexibility by quite a lot.
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Post by Col. Crackpot »

Property taxes are irrelevant. Any landlord with an IQ over 50 will work the cost of municipal property taxes into the the rent anyway, so instead of paying someone else's taxes, and end up with nothing, pay your own and end up with something. Because thats what you end up with when you rent. nothing. Granted, you won't get back every dollar you put into your house, but unless you buy a termite infested shithouse with rotten plumbing and faulty wiring.

And one more benefit of home ownership, I'm making an extra payment here and there whenever possible so when in 20 years or so i have kids ready for college i can afford tuition because i won't have that pesky monthly rent check to write.
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Post by Col. Crackpot »

damn lack of an edit button:
Granted, you won't get back every dollar you put into your house, but unless you buy a termite infested shithouse with rotten plumbing and faulty wiring.

should read

Granted, you won't get back every dollar you put into your house, but unless you buy a termite infested shithouse with rotten plumbing and faulty wiring, you'll be better off.
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Post by Ma Deuce »

SirNitram wrote:Now, this of course makes one wonder: If one had a real bullet train in the USA, would it kick Acela's ass?
No, because it would never be allowed to run here in the first place: A real bullet train like the TGV would never meet the National Transportation Safety Board crashworthiness regulations, which was one of the reasons they had to design a new trainset rather than import an existing one (although it was partly designed by GEC Alstom, the company the built the TGV). The Acela had to be built far more robustly (and therefore heavier) than European or Japanese trains to meet the NTSB crashworthiness regulations, which admittedly seem kind of unnecessary for Acela, given it runs a line with no level crossings. It does have as much raw power as the European transets, but being heavier it can't go as fast, not that it can even take advantage of it's own maximum speed given the track conditions of the NEC.
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Post by Col. Crackpot »

holy shit, this thread has gone off on more tangents than a graphing calculator in freshman trig class...
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Post by Tommy J »

Col. Crackpot wrote:holy shit, this thread has gone off on more tangents than a graphing calculator in freshman trig class...
:lol: :lol: :lol:

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Post by Admiral Valdemar »

I'd split it up to form standalone threads, but the forum would suddenly get half a dozen new topics in it from here alone...
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Post by RedImperator »

Slartibartfast wrote:
RedImperator wrote:And how, exactly, does one get this bonanza of apartments for sale? The landlords, I gather, don't own the buildings for the fun of listening to tenants bitch.
In a privately-owned apartment building, there's no "landlord", what you have is an association of neighbors that each own a share of the building.
This is the first of several points that sailed over your head. I'm aware of the concept of co-op apartments. The problem is, if the majority of the rent stock is already in the hands of landlords (many of them large companies whose entire business is renting apartments), where are the privately owned apartments going to come from? You have to build all new apartments or buy out current landlords. Both are possible to a limited extent, but it would take decades to convert all the rental stock in the United States to co-op apartments. Your "so change it" suggestion completely ignores this fact. But hey, you've built apartments wherever the hell you live, so that qualifies you to comment on the American real-estate market.
Yes, that's why it's impossible to sell a Manhattan brownstone, or a rowhouse on Beacon Hill, or a condominium in downtown Philadelphia. Oh wait...

Dense neighborhoods in the United States are either blighted or priced out of the middle class market.
If there was a demand for apartments, the price of apartments wouldn't be prohibitive.
What in the fuck are you talking about? A Manhattan brownstone, a Beacon Hill (Boston) rowhome, and a downtown Philadelphia condominium sell for over million dollars each and are virtually impossible to buy because demand is so high. The first two are single-family homes in urban neighborhoods, that share side walls with neighboring houses. Your "Americans all want to live in a wood house in the suburbs with a yard" argument totally collapses in the face of the fact that the highest housing prices are actually in the cities.

Ironically, the lowest property values are ALSO in the cities, in the virtually the same style buildings that go for seven digit numbers in other neighborhoods. This is the result of 50 years of horrendous urban planning, Federal housing policy, lending practices, the War on Drugs, and corrupt, incompetent municipal governance. This is another fact you ignore--housing stock in the cities is either prohibitively expensive or in a lousy neighborhood. This trend is just now starting to reverse, and will take decades to correct, if it ever fully does.
That leaves the suburbs, and the developers have been selling exactly one product out there for 50 years--freestanding wood frame houses with a lawn. And they've been building them bigger and bigger because that's they can't increase the number sold anymore.
If buyers weren't buying, sellers wouldn't be selling. There's this thing called "market analysis" and it has nothing to do with magic powder. In fact it's related to a prediction if people are actually going to buy your shit.
You God damn idiot, if all they've been building for 50 years are freestanding wood frame houses, in cul-de-sac residential neighborhoods with no transit access and outside walking distance from commercial and industrial areas, what else will people buy? The housing industry has engineered a "market" where there's only one product.

And when they DO build houses in dense, walkable neighborhoods with transit access? They get bought so fast the middle class is priced right out of the market. So much--again--for your analysis of the motives and desires of American home buyers.
Unless and until you get some elementary knowledge of the history and economics of the American housing market, how about you stop trying to psychoanalyze the people who live here? You'll save yourself the embarassment.
translation: you don't know shit about America so shaddap!
You plainly DON'T know shit, at least not about how American housing works. As for shutting up, I merely offered a suggestion. If you'd like to continue to parade your ignorance about for all to see, far be it from me to stop you.
Cities are cities, buildings are buildings, money is money. I happen to have been directly involved in the construction, sale, and a lot of the paperwork of several apartments, and in the ownership of at least one. I know how we all are supposed to pay for the water, services, property taxes, etc.
:lol: "I know about Western European apartments! Therefore, I know all possible relevant facts about housing anywhere in the world!" I don't give a fuck if you're Donald Trump himself; you plainly know precisely shit about housing in America, and even less about the psychology of American home buyers.
But alright then, apparently only if I live in the US, I can talk about how fucked up it is :roll:
You can talk all you want about how fucked up the situation here is. What you CAN'T do is shoot off your mouth, start an argument with people who know more about the issue than you, appeal to your own authority as an apartment owner on another continent, and expect to not get called on it.
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Post by The Dark »

LadyTevar wrote:Shep, the problem is that the cost of cleanup, restoring the rails, and making sure those rails get used by passengers does not equal the benefits or the profits that carrying those passengers will bring.
True for West Virginia, due to the terrain.
This is why Amtrak needs constant federal aid to keep running on the East Coast outside of the New York area... there is not enough passengers to pay for the costs of maintaining the railways.
Actually, a big problem is the shitty condition of rails, the delays because AMTRAK has to rent rail time from the freight companies, and low speeds (barely higher than a Greyhound bus)
Historically, frieght has always been the backbone of railroads and passengers a net loss.
Actually, that was due to "fuzzy accounting." Fixed costs, such as running stations and maintaing rails, was completely counted under passenger transportation. The ICC found in the 70s that passenger rail transportation was profitable when compared against the variable costs of running the service. It was simply crooked accounting that made it seem unprofitable. It was less profitable than freight, which was why the rail lines wanted to drop passenger service.
Thus, you have 20 more more coal and freight trains running through the Kanawha Valley daily, and only two Amtrak trains running every three days. No invester is going to look at that cost/benefit ratio and see a 'growth industry', even if said invester was a dot.com capitalist.
True, which is sad. If we actually got high-speed rail, along the lines of the TGV or Shinkansen, it would be cost-competitive with the airlines out to about 750 miles, depending on terrain. That would allow runs from Atlanta to Philadelphia in a bit over 5 hours on a train, with far less time spent at the station making up the difference in travel time. It would probably never work crossing the mountains except for relatively short runs, but passenger rail can work in the US. And I know the Acela was built heavier; that's completely unnecessary given the other safety mechanisms built into the high-speed rail. The Japanese trains have run what, thirty years with no fatalities?

Sea: The NEC isn't twisty? It's one of the worst short-haul routes, it looks like a snake that swallowed an ultimate frisbee team's sports bag along parts of the run, it's so loopy. I'll admit K costs would be high for putting in true high-speed rail, but it would run profits. AMTRAK was just too damn slow, even with the Acela. It didn't provide any cost-time benefit for passenger. Hell, a Greyhound was better than a train for most trips.
Stanley Hauerwas wrote:[W]hy is it that no one is angry at the inequality of income in this country? I mean, the inequality of income is unbelievable. Unbelievable. Why isn’t that ever an issue of politics? Because you don’t live in a democracy. You live in a plutocracy. Money rules.
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Post by Col. Crackpot »

The profitablity of Amtrak's Northeast Corridor has as much to due with density as track ownership. In the span of 1000 miles it runs through Boston, Providence, New London, New Haven, Bridgeport, New York, Newark, Baltimore and Washington. Thats a major city every 100 miles. Who wants to sit in mass transit for longer than they have too? Why should I pay $50 each way to Philladelphia when i can fly Southwest Airlines for for the same price?
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