wachtwoord
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Everything posted by wachtwoord
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More Pardee Resources
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Willing to share the name?
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Move to somewhere above sea level.
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Americans... ::) :o Supersize me baby. Do Canadians not have large families? I have 36 1st cousins, almost all of them older than me so they all had spouses and some of them teenage kids by the time I got married. My wife has a large family as well. Out of the 250 we invited it was over 200 family members alone. And there were some hard feelings over it from people we cut from the list. Do you know all these people as close friends? Why would you invite them? :o
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I would never invite more than a dozen people. How do you guys even know and remember a few hundred people? Only a handful of people truly matter. I'd much rather spend the money on not having to work and being able to spend more time with my spouse and traveling together. The absolute max I'd spend on anything related to a wedding is $1k I guess.
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is mortgage deduction fair when renters can't deduct rent
wachtwoord replied to ERICOPOLY's topic in General Discussion
Aren't you a libertarian? If so, this is a pretty interesting perspective, that an increase in taxes is desirable to make things more fair. I don't want to increase taxes, but reduce (actually abolish them or make them voluntary). If you have a tax system deductions of any kind are inherently unfair (policy makers trying to help certain groups of people they prefer). Deductions highlight the limitations of a specific tax system. The more deduction options (and the more different taxes) the crapier the systrm. They could get rid of the deductions and instead make income from mortgages tax-exempt, similar to muni bonds. That would reduce the market interest rate and thus perhaps maintain affordability of mortgage credit. Would that be unfair? Or would it be fair because everybody could participate in tax-free savings options. Wealth tax should not exist. So dividend, capital gains, interest tax and mortgage tax should all not exist. These are the worst taxes. Continuing with income taxes. Slightly less bad but still should be abolished. Everything government does should be possible from consumption taxes alone (VAT). If that is too little it's a clear signal government has become way too large. The moment you eliminate dividend taxes, there will be zero S corporations and a lot of new C corporations. But I imagine that would all have to be amended or we'd see the total elimination of the employee as we know it (a whole lot of independent contractors as C corps). What's wrong with that? Sounds awesome and way closer to optimal than the current situation. -
is mortgage deduction fair when renters can't deduct rent
wachtwoord replied to ERICOPOLY's topic in General Discussion
Aren't you a libertarian? If so, this is a pretty interesting perspective, that an increase in taxes is desirable to make things more fair. I don't want to increase taxes, but reduce (actually abolish them or make them voluntary). If you have a tax system deductions of any kind are inherently unfair (policy makers trying to help certain groups of people they prefer). Deductions highlight the limitations of a specific tax system. The more deduction options (and the more different taxes) the crapier the systrm. They could get rid of the deductions and instead make income from mortgages tax-exempt, similar to muni bonds. That would reduce the market interest rate and thus perhaps maintain affordability of mortgage credit. Would that be unfair? Or would it be fair because everybody could participate in tax-free savings options. Wealth tax should not exist. So dividend, capital gains, interest tax and mortgage tax should all not exist. These are the worst taxes. Continuing with income taxes. Slightly less bad but still should be abolished. Everything government does should be possible from consumption taxes alone (VAT). If that is too little it's a clear signal government has become way too large. -
is mortgage deduction fair when renters can't deduct rent
wachtwoord replied to ERICOPOLY's topic in General Discussion
Aren't you a libertarian? If so, this is a pretty interesting perspective, that an increase in taxes is desirable to make things more fair. I don't want to increase taxes, but reduce (actually abolish them or make them voluntary). If you have a tax system deductions of any kind are inherently unfair (policy makers trying to help certain groups of people they prefer). Deductions highlight the limitations of a specific tax system. The more deduction options (and the more different taxes) the crapier the systrm. -
is mortgage deduction fair when renters can't deduct rent
wachtwoord replied to ERICOPOLY's topic in General Discussion
Indeed. It unfairly increases RE prices by direct government intervention. A socialist intervention method. -
I bought PDRX, SODI and PRD.V I sold some more ALS.TO (@ $9.10) and SE to pay for it.
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Packer, which HK real estate companies are your favorites right now? Any views on Keck Seng? You likely know but CKI.TO owns a lot of Keck Seng.
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I found: https://beta.companieshouse.gov.uk/company/00298463/filing-history?page=5 With: Full group accounts made up to 31 March 1990: https://beta.companieshouse.gov.uk/company/00298463/filing-history/MDA0MzkyOTI4MGFkaXF6a2N4/document?format=pdf&download=0 Full group accounts made up to 31 March 1989: https://beta.companieshouse.gov.uk/company/00298463/filing-history/MDA4MjI3MDgwOGFkaXF6a2N4/document?format=pdf&download=0 Do I get a cookie? ;)
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More CKI.TO
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Just you and I apparently. ;D And me. I dont have a picture with any famous person.
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I think you made a mistake in the opening post regarding Altius Minerals. Permanent loss of capital? What makes you say that?
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Annexation by real estate! ;)
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2016 Berkshire Shareholder Passes on eBay
wachtwoord replied to merkhet's topic in Berkshire Hathaway
What other company in the world would be able to charge for its annual meeting? :) -
Especially Sweden is making the worst socio-economic choices imaginable and I'm expecting an enormous collapse. Norway is already writing contingency plans for closing the border with Sweden (and break the Geneva convention! something huge) if that happens.
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Nice going calling the only ones here that aren't thieves and believe in freedom trolls. Americans should really try to read their own constitution. Would do wonders.
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Sold another 10% today at $8.45. I sold my first 10% @ 8.95 today as well. Nice! You were more patient than I. I sold each of the group or purchases at a 33-35% gain - was afraid if I got too greedy it'd just turn right back around and we'd be back at $6-$7. Have been funneling the proceeds back into PDER which hasn't seemed to participate anywhere near as much in the rally... I'm planning to sell another 40% of my initial position in ATUSF in branches as it moves up to $12 (it's still 30% of my portfolio, so way too large). I have a ~8% position in PDER as well @ $150 and have a additional buy order below that which has not been hit yet (not sure whether it will hit). I really don't mind holding PDER for the long run as they seem excellent stewards of capital. I moved some of the additional proceeds into RSKIA and CKI.TO in the last days.
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Sold another 10% today at $8.45. I sold my first 10% @ 8.95 today as well.
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You took Pearl Harbor seriously? I think you're the one that watched too many war movies. A certain one by Michael Bay in particularly. Pearl Harbor was how the US got rid of their outdated fleet.
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quote author=cwericb " data-ipsquote-contentapp="forums" data-ipsquote-contenttype="forums" data-ipsquote-contentid="13672" data-ipsquote-contentclass="forums_Topic" 259067#msg259067 data-ipsquote-timestamp=1458173500] "The US won 2 world wars in the 20th century." Don't you mean "The US helped win 2 world wars?" No the US was clearly the main victor. The war wasn't on their shores at all. All the other participants lost, some more than others. Social security and medicare have directly helped millions of the most vulnerable citizens stay clothed, fed, under a roof, and in good health. There are plenty of countries in the world severely lacking government intervention. They also lack things like running water and indoor plumbing but I guess that's a completely different matter. No single country needs government intervention. The most volnerable need to get themselves clothed or seize to be as they are not adding anything to this world. That's only natural. The weekest of the species are not meant to survive and reproduce. And ccplz was that story meant as a bad future? The US desperately needs a coup (as does every country in Europe). The world has gone to shit with the rise of the socialistic facists that are in charge now.
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Pretty intellectually easy argument to make. So the US has been "all downhill" since the 1900s? I'm not sure follow that. The 20th century was essentially defined by the US. In terms of "socialism" I think we are talking past each other. I'm arguing for progressive taxation to fund general social programs (social security and universal healthcare as the two largest and probably most important). You're arguing against economic bailouts and macroeconomic intervention. The two are fundamentally different. I also don't buy the argument that equality stifles incentive. Plenty of brilliant Russian scientists were born, educated, and accomplished brilliant things in Communist Russia. The US won 2 world wars in the 20th century. Unless they aim to repeat that feat the 21st will be much worse.. And we are not arguing past each other because bail outs and progressive taxation (theft) to afford universal health care are two sides of the same coin. An intervening, corrupt, inefficient government parasite.