Corona Virus

[LinvilleGorge]

17 minutes ago, 332nd said:

I couldn't list all of the things my dad taught me that saved my ass if you gave me to the end of the month, but number one would be when I first started my business & he told me "You aren't ready to live off of of your business until you have enough saved to survive 3-6 months of rainy days without sweating."

Granted, this thing as shown that not that many people did so, but still.

I'll have a LOT more than that after the sell of this house closes. We'll net a little over our combined gross annual income.

[Tbe]

15 minutes ago, 332nd said:

I couldn't list all of the things my dad taught me that saved my ass if you gave me to the end of the month, but number one would be when I first started my business & he told me "You aren't ready to live off of of your business until you have enough saved to survive 3-6 months of rainy days without sweating."

Granted, this thing as shown that not that many people did so, but still.

I had a business until about 6 years ago. Before I went full time with it, I set aside 1 year of living expenses. It saved my ass several years later.

Many industries don’t have the margins to do that for their entire company though. 

[332nd]

13 minutes ago, Tbe said:

I had a business until about 6 years ago. Before I went full time with it, I set aside 1 year of living expenses. It saved my ass several years later.

Many industries don’t have the margins to do that for their entire company though. 

Oh yeah, I was thinking more about small businesses, low unit landlords & the like.

(Albeit the big guys should be able to last more than a week.)

[332nd]

31 minutes ago, LinvilleGorge said:

I'll have a LOT more than that after the sell of this house closes. We'll net a little over our combined gross annual income.

Nice. Good luck.

[Wes21]

48 minutes ago, 332nd said:

I couldn't list all of the things my dad taught me that saved my ass if you gave me to the end of the month, but number one would be when I first started my business & he told me "You aren't ready to live off of of your business until you have enough saved to survive 3-6 months of rainy days without sweating."

Granted, this thing as shown that not that many people did so, but still.

My dad was terrible about spending money and never saved like he should have.  He was always stretched thin, and whenever he wanted something or got into trouble he just worked a bunch of overtime to make up for it.  I am a salaried employee and I'm not union (he was), so I have had to learn on my own how to approach money.

On another note, I wouldn't judge a company's cash flow based on complaining and layoffs.  Those are both business moves independent of financial position.

2 hours ago, LinvilleGorge said:

How in the hell do you end up with a credit score in the low 600s anyway? I've always been in the high 700s and I don't do anything to try to manage my credit score, just live within my means and pay my bills and it takes care of itself.

Just being a normal person taking care of your bills should have you in the 700s.  People with low credit scores have more than just a few late payments.  If I were to give a typical snapshot of a low credit person, they have maxed out credit cards and have some bills they have completely stopped paying on.  As was said, some people are in that position because they suck at life but others have had unexpected life circumstances that led them to that place.

[SmokinwithWilly]

2 hours ago, Wes21 said:

My dad was terrible about spending money and never saved like he should have.  He was always stretched thin, and whenever he wanted something or got into trouble he just worked a bunch of overtime to make up for it.  I am a salaried employee and I'm not union (he was), so I have had to learn on my own how to approach money.

On another note, I wouldn't judge a company's cash flow based on complaining and layoffs.  Those are both business moves independent of financial position.

Just being a normal person taking care of your bills should have you in the 700s.  People with low credit scores have more than just a few late payments.  If I were to give a typical snapshot of a low credit person, they have maxed out credit cards and have some bills they have completely stopped paying on.  As was said, some people are in that position because they suck at life but others have had unexpected life circumstances that led them to that place.

Mine was in the 600s for a long time. I paid cash for everything and refused to buy anything on credit. I was actually turned down for loans because I didn't have enough debt or payment history even with a great income to would be debt ratio. I had to get a $500 credit card and charge it up a couple hundred bucks and pay it off at the end of the month. I'm low 700's but completely debt free and still pay cash for almost everything. If I can't pay cash, I don't need it.

Edited May 24, 2020 by SmokinwithWilly

[stirs]

https://jamanetwork.com/searchresults?q=5700&allSites=1&SearchSourceType=1&exPrm_qqq={!payloadDisMaxQParser pf=Tags qf=Tags^0.0000001 payloadFields=Tags bf=}"5700"&exPrm_hl.q=5700

 

Basically, they followed 5700 patients in NYC.  94% of them had health major health issues, diabetes, heart, etc.  50% of Americans have health issues, 70% are said to be overweight.  But, of the 6% who did not have health issues, all were sent home, none died.

[KillaCamNewton]

7 hours ago, Ja Rhule said:

Not from the bank.  Likely from an extremely desperate mortgage company.  Many banks do not even offer HELOC right now no matter what your credit score is.

Imagine still using a bank for conforming or govy loans in 2020. I work in the industry, there have been some lenders requiring a 640 or above on FHA and in some cases 680 and that’s been a big deal because a few months ago you could get an FHA or VA as long as you were over 580. You can still get a 30 year conventional loan at a very good rate if your credit score is under 700 as long as you have a good debt to income ratio and more than 30% equity. If you do a 15 year conventional your credit score barely even affects your pricing/rate
 

 

Edited May 24, 2020 by KillaCamNewton

[R0CKnR0LLA]

The death toll has surpassed that of the Vietnam war

Closing in on the death toll from WW1 (in all likelyhood we've already surpassed it once you factor in numbers being fudged)

 

Do your part people... don't spread misinformation, wear a mask, distance and follow other basic guidelines, and encourage others to do the same.

[SmittysLawnGuy]

On 5/20/2020 at 1:14 PM, Wes21 said:

Has anyone tried to explain why its been so much cooler than "normal?" 

Your not kidding, I live in Florida and turn my air on in early March. Only had to start this week. Covid has dropped the temp.

[Paa Langfart]

https://www.technologyreview.com/2020/05/21/1002105/covid-bot-twitter-accounts-push-to-reopen-america/

 

Quote

Kathleen M. Carley and her team at Carnegie Mellon University’s Center for Informed Democracy & Social Cybersecurity have been tracking bots and influence campaigns for a long time. Across US and foreign elections, natural disasters, and other politicized events, the level of bot involvement is normally between 10 and 20%, she says.

But in a new study, the researchers have found that bots may account for between 45 and 60% of Twitter accounts discussing covid-19. Many of those accounts were created in February and have since been spreading and amplifying misinformation, including false medical advice, conspiracy theories about the origin of the virus, and pushes to end stay-at-home orders and reopen America.

 

[stirs]

27 minutes ago, Paa Langfart said:

https://www.technologyreview.com/2020/05/21/1002105/covid-bot-twitter-accounts-push-to-reopen-america/

 

 

The country is already inhabited by bots, now they are following bots.  Who cares.  Some of you actually take Twitter seriously.  Good Luck

[45catfan]

Heard immunity was the only way to realistically get past this.  Social distancing by largely confining everyone to their home was never going to work...not to the extent the government wanted us to believe.  All that did was postpone people without the antibodies to get infected at a later time.  The main goal of social distancing was so the hospital system would not get overwhelmed when this virus first broke out in America. It never did, not even in NYC.  Hunkering down until a vaccine or a cure was found was never realistic.  That doesn't mean we still don't do our part about sanitation to at least somewhat slow the spread with some of these measures, but being mindful about somewhat limiting the spread and trying to isolate the entire country are two separate things.  Protect the most vulnerable the best we can (elderly and pre-existing conditions) and let the rest of us get on with our lives.  A vaccine could be a year away before it's tested, approved, manufactured and widely available.  A vaccine, BTW, is an exposure to a disease so the immune system can build up antibodies.   Many people now already have the antibodies through casual exposure.  This is how human existence got through previous pandemics prior to medical vaccines.  To that end even modern times, most pandemics have largely run their course before a vaccine is developed.  So the vaccine helps with future outbreaks in the years to come, but does nothing for the current outbreak.

Edited May 24, 2020 by 45catfan

[Ja Rhule]

Charlotte is definitely reopening.  30 shootings just this week.  8 people got shot just last night and one stubbing. 

Edited May 24, 2020 by Ja Rhule