President Joe Biden - Kamala Harris Administration

#41,927
#41,927
utvolpj said:
No I just meant the layoffs are coming like they did in 08. Things like marketing, IT, etc were cut first then eventually you get down to producers. The company was also really enjoying the housing boom and got caught a bit by surprise when it crashed. They could be operating a bit more cautiously at this point
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When lawyers start getting laid off, then we will have something to celebrate
 
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#41,929
#41,929
utvols88 said:
2008 won't happen again because the issue isn't loaning unqualified money like crazy. A very harsh correction can occur though. But that'll still leave alot of people in a very bad place. Just not as sharp as 2008 did. Imo.
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How would you quantify 'harsh"?
 
#41,930
#41,930
SpaceCoastVol said:
But the federal government has a discriminatory 'retirement' age at which pilots (like me) with tens of thousands of hours (I have 23,000 hours flying airliners) will be kicked to the curb. My company (as have most of the others) has dropped the requirement for a college degree and we have even hired some pilots that have zero captain time.

Enjoy the future.

But if you do ever talk to your Congressman/senators, please ask them to support Lindsey Graham's "Let Experienced Pilots Fly" legislation. I thank you.
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I've always thought it cynical that the people who decide you are too old to fly don't have an expiration date that decides when they are too old to make decisions. It's not age that determines fitness, and your FAA physicals and qualifications should be the deciding factor - not some arbitrary age. I'd definitely rather fly on a plane with a silver haired captain than some of the kids I see headed for the cockpit. With the cost of learning to fly and accumulating necessary hours, the need for more pilots, and the limited military pilot pipeline, there's a real crisis in the making.
 
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#41,931
#41,931
AM64 said:
I've always thought it cynical that the people who decide you are too old to fly don't have an expiration date that decides when they are too old to make decisions. It's not age that determines fitness, and your FAA physicals and qualifications should be the deciding factor - not some arbitrary age. I'd definitely rather fly on a plane with a silver haired captain than some of the kids I see headed for the cockpit. With the cost of learning to fly and accumulating necessary hours, the need for more pilots, and the limited military pilot pipeline, there's a real crisis in the making.
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Several years ago, I came across an NTSB report on the crash of a Continental regional jet. It was a repositioning flight of a Bombardier CRJ200 I think and had no passengers on board, just a pilot and copilot. Both men were young guns in their 20's and their company had an "unofficial" club called the 42 club, which was for pilots that had gotten their planes to 42k feet, which was the service ceiling of the plane. Bottom line is they pushed it too hard to climb, and it stalled and killed them both and more people on the ground. I read the entire transcript of the cockpit voice recorder and it was devastating listening to these bucks pushing the envelope of what that plane could do. So yeah, I'll take and old guy with silver hair flying a plane over a younger couple of bucks any day.
 
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#41,932
#41,932
OrangeTsar said:
Great, now if I can figure out how to get a toilet that actually „Flushes“ with more than a thimble full of water, I will be in business.
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I despise the new dishwashers without the heating coil. Nothing ever gets dry. When the old dishwasher died, we got a really nice Bosch replacement that the wife and I've both come to dislike. The cleaning is great, loading is OK, the low noise is great, but the wet dish part is not acceptable ... and neither is feeding the thing rinse agent to supposedly help them dry. Why do you need dishes coated with a chemical when the old heating coil did it all ... except "conserve" electricity.
 
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#41,933
#41,933
AM64 said:
I despise the new dishwashers without the heating coil. Nothing ever gets dry. When the old dishwasher died, we got a really nice Bosch replacement that the wife and I've both come to dislike. The cleaning is great, loading is OK, the low noise is great, but the wet dish part is not acceptable ... and neither is feeding the thing rinse agent to supposedly help them dry. Why do you need dishes coated with a chemical when the old heating coil did it all ... except "conserve" electricity.
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Every thing the .gov touches they **** up. Dishwashers, washing machines, gas cans, cars, the list is endless.
 
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#41,934
#41,934
AM64 said:
I've always thought it cynical that the people who decide you are too old to fly don't have an expiration date that decides when they are too old to make decisions. It's not age that determines fitness, and your FAA physicals and qualifications should be the deciding factor - not some arbitrary age. I'd definitely rather fly on a plane with a silver haired captain than some of the kids I see headed for the cockpit. With the cost of learning to fly and accumulating necessary hours, the need for more pilots, and the limited military pilot pipeline, there's a real crisis in the making.
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I've never understood the mandatory retirement age for pilots.
 
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#41,935
#41,935
hog88 said:
I've never understood the mandatory retirement age for pilots.
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Yeah, the odds of both pilots croaking from a heart attack during the same flight is pretty remote. Sounds like an age discrimination lawsuit waiting to happen to me. Maybe LG or EL could take it on for the government's defense?
 
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#41,936
#41,936
VolStrom said:
Yeah, the odds of both pilots croaking from a heart attack during the same flight is pretty remote. Sounds like an age discrimination lawsuit waiting to happen to me. Maybe LG or EL could take it on for the government's defense?
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When they first extended the age from 60 to 65 (think I got the numbers right) one guy in the cockpit had to be in the pre-60 age group.
 
#41,941
#41,941
utvols88 said:
Going back to 2018 or 2019 values. Why is that harsh? All the buying that happened from then to now.

I'd pay attention to foreclosures in middle class sectors.
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4 or 5 years, pre accelerated inflation?

That would surprise me.

I've got a new strategy to purchase I'm excited to test, though.
 
#41,942
#41,942
McDad said:
4 or 5 years, pre accelerated inflation?

That would surprise me.

I've got a new strategy to purchase I'm excited to test, though.
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I can definitely speak for my region of NE FL, houses that were worth maybe 300k were going for 600k. That's gonna smack people in the face post crazy inflation and the layoffs that have started and will continue. The problem is that the rate is higher now so it's not like they can find a place that is cheaper without major sq ft change. I have some good capital ready for it too.
 
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#41,945
#41,945
utvols88 said:
I can definitely speak for my region of NE FL, houses that were worth maybe 300k were going for 600k. That's gonna smack people in the face post crazy inflation and the layoffs that have started and will continue. The problem is that the rate is higher now so it's not like they can find a place that is cheaper without major sq ft change. I have some good capital ready for it too.
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We're not going to lose 50% of the value gained. But if we do my oh my am I going to go all in
 
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#41,946
#41,946
McDad said:
We're not going to lose 50% of the value gained. But if we do my oh my am I going to go all in
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I don't think there's a choice with how fast it went up. I think it has a real possibility to swinging down just as much because it was an unnatural increase. Problem with it right now it that there are a billion poppable bubbles.

Liked for going all in.
 
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#41,947
#41,947
utvols88 said:
I don't think there's a choice with how fast it went up. I think it has a real possibility to swinging down just as much because it was an unnatural increase. Problem with it right now it that there are a billion poppable bubbles.

Liked for going all in.
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What was artificial about the increase?
 
#41,948
#41,948
McDad said:
What was artificial about the increase?
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It skyrocketed over a single summer because of higher COL salaries from up north paid 30k plus over an already severely heightened asking price. It's a problem for residents here in Jax because rentals are also heightened because of it.

In a bad economy remote employees might get a reduction or layoff. Will be interesting to see it play out. I hope it's softer but I don't see a relief in other pressures.
 
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#41,949
#41,949
utvols88 said:
I don't think there's a choice with how fast it went up. I think it has a real possibility to swinging down just as much because it was an unnatural increase. Problem with it right now it that there are a billion poppable bubbles.

Liked for going all in.
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I gauge most of my real estate knowledge from my own observations from the transactions that I see in my own little part of the world where I walk my dog. In the past couple of years I've noticed 2 things; number one prices shot through the roof, I'm talking 50% increases in prices and number two about a third of the houses that went up for sale were bought by corporations.
Big money has moved into the local housing market and when that happens the average Joe is screwed. I'd be willing to bet that the next generation will mostly be renters.
 
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#41,950
#41,950
VolStrom said:
I gauge most of my real estate knowledge from my own observations from the transactions that I see in my own little part of the world where I walk my dog. In the past couple of years I've noticed 2 things; number one prices shot through the roof, I'm talking 50% increases in prices and number two about a third of the houses that went up for sale were bought by corporations.
Big money has moved into the local housing market and when that happens the average Joe is screwed. I'd be willing to bet that the next generation will mostly be renters.
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That's an issue as well. For my area, another issue is a lack of turnover. A house is sold to someone outside of the state but another doesn't go up because it was out of state. When you have most of the sales OOS AND paying 30k+ over asking, it becomes a bigger problem than just being undervalued. COL doesn't have a chance to improve while housing is unaffordable.
 
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