Something taken, something left behind
We lost an hour this weekend. Alas, we shall gain it back in the end. It goes back to the law of conservation of matter/mass. You net out as an 'even steven' kind of guy in the end. Others call it karma, same thing really. For some reason I thought it was Newton who coined this, but it wasn't it, was some other french dudes.
Something taken something left behind is the famous saying from detectives and forensic scientists due to the famous pet detective Locard, ala "Locard's Principle". I document it here, because I always forget the name of this dude and it takes me a while to remember who it was.
Another cool algorithm to check out is a Bloom Filter.
Anyways to my point!!! I looked at the fabled website http://www.payscale.com -- great idea, everyone wants to know what everyone else is making. As long as everyone is honest, it doesn't blow it off scale. But alas, I'm sure people will screw it up by posting fake info. Why? Well put it this way.. if I were curious what a Geologist/Diamond Cutter makes, I would enter a fake profile and pretend to be a Geologist/Diamond Cutter and enter my guess at my salary, just so I can see what the "real" salaries are like. Get my drift? Eventually the entire database is corrupt.
This weekend I went to SoCal to do my taxes. My tax person does alot of funny business to get me the optimal return. It is worth the $200 it takes to fly down there. Lets just put it that way and end the story.
While down in SoCal I noticed that Seal Beach, next to Huntington Beach is a nice thriving little community. Beachfront homes still cost $3-10mm easily, but other homes and condos can be had for $600k (1br condo) to $1.5mm (3br home). Being blocks from the beach is quite nice. I look forward to buying something like that as my retirement home. Seal Beach is still somewhat undiscovered so it would not be a bad place to get in before it goes ballistic.
Apparently we should all wait. I read in Biz-Week that subprime lending rates are rising like a cannon (subprime means home loans for non-prime people, or people with less than 730 credit). If you are sub-prime you may be facing a 10% home loan, vs a 6.5% for prime. The spread is increasing dramatically and it is causing a macroeconomic crash of real estate. Prime properties owned by prime people may not suffer, but overall it is looking ugly in SoCal. My bro-in law is doing a few fire sales for people about to default.
More on SoCal/OC. Life there looks kind of crappy compared to SF/bay area life. There are way hotter girls and way more of them everywhere, but man what a crappy place to live. Lack of any originality in most of OC. I suppose if you go to Newport or other beach towns it is much nicer. Otherwise it is all strip malls and chain restaurants.
Something taken something left behind is the famous saying from detectives and forensic scientists due to the famous pet detective Locard, ala "Locard's Principle". I document it here, because I always forget the name of this dude and it takes me a while to remember who it was.
Another cool algorithm to check out is a Bloom Filter.
Anyways to my point!!! I looked at the fabled website http://www.payscale.com -- great idea, everyone wants to know what everyone else is making. As long as everyone is honest, it doesn't blow it off scale. But alas, I'm sure people will screw it up by posting fake info. Why? Well put it this way.. if I were curious what a Geologist/Diamond Cutter makes, I would enter a fake profile and pretend to be a Geologist/Diamond Cutter and enter my guess at my salary, just so I can see what the "real" salaries are like. Get my drift? Eventually the entire database is corrupt.
This weekend I went to SoCal to do my taxes. My tax person does alot of funny business to get me the optimal return. It is worth the $200 it takes to fly down there. Lets just put it that way and end the story.
While down in SoCal I noticed that Seal Beach, next to Huntington Beach is a nice thriving little community. Beachfront homes still cost $3-10mm easily, but other homes and condos can be had for $600k (1br condo) to $1.5mm (3br home). Being blocks from the beach is quite nice. I look forward to buying something like that as my retirement home. Seal Beach is still somewhat undiscovered so it would not be a bad place to get in before it goes ballistic.
Apparently we should all wait. I read in Biz-Week that subprime lending rates are rising like a cannon (subprime means home loans for non-prime people, or people with less than 730 credit). If you are sub-prime you may be facing a 10% home loan, vs a 6.5% for prime. The spread is increasing dramatically and it is causing a macroeconomic crash of real estate. Prime properties owned by prime people may not suffer, but overall it is looking ugly in SoCal. My bro-in law is doing a few fire sales for people about to default.
More on SoCal/OC. Life there looks kind of crappy compared to SF/bay area life. There are way hotter girls and way more of them everywhere, but man what a crappy place to live. Lack of any originality in most of OC. I suppose if you go to Newport or other beach towns it is much nicer. Otherwise it is all strip malls and chain restaurants.
posted by The Big Time at 10:33 PM
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