All Forum Posts by: Richard Warren

The man is out to “Create or Save†jobs. How can you measure if a job has been saved? Have no fear, the government has a way.

An Example:
The massive City Center project in Las Vegas.

Reality:
New jobs = 12,000
Transfers from other properties = (4,000)
Net new jobs = 8,000
Lost Construction Jobs (9,000)
Net Jobs = (1,000)

Government “Create or Save†Math
New jobs = 12,000
Saved jobs = 4,000 (transfer from other properties)
Lost jobs = (9,000)
Net jobs created or saved = 7,000

These are approximate figures. I had the actual numbers in post several months back but this figure is close to what they touted when City Center opened. Rather than subtract the workers who transferred from other properties they were added in as if those jobs had been saved. So according to the government (1,000) = 7,000. Is it any wonder the national debt is so high?

To be sure the Republicans used similar gimmicks when they were in power. How do you tell when a politician is lying? It’s easy – his lips are moving.

The Big “O†is out to save one job in particular – his own!

:cool:

That is a great analogy and certaily not one that I have heard anyone use before. Most people are too busy blaming someone else or making excuses for their actions.

Looking at it that way makes more sense than what other people are typically saying.

Of course, I still advocate keeping your word above all else...including a cell phone contract.

:cool:

I was raised to believe that the most valuable asset in business, and in life, is integrity. Your word is supposed to mean something and personal ethics are paramount.

This week my article on the BiggerPockets Blog was about The Ethics of Real Estate Strategic Default.

Article: http://www.biggerpockets.com/renewsblog/2010/05/03/ethics-of-real-estate-strategic-default/

To be sure, I expected it to get a reaction and it was written with that in mind. There are a lot of comments regarding the role banks had in the mess and there is no doubt that the financial meltdown couldn’t have happened without their recklessness. That’s not what I am debating.

The question is – Do you have a moral and ethical responsibility to honor your agreements?

It seems I am in the minority on this one and have even been called an idiot for thinking the way I do. Personally, I’d rather be the village idiot than discard my beliefs.

What do you think?

:cool:

The artile in your first post was about the Boy Scouts. Did you post the wrong link?

:cool:

I echo what Jon said. What I do is make sure that they are clean, painted if needed, and that all the systems are in proper working order (heat, plumbing , electric). I look for anything that may be a maintenance issue in the near future. People in low-income tend to have fairly low expectations.

:cool:

First unsecured credit I had for my LLC was Office Depot.

:cool:

I’ve had it all wrong. I’ve always paid my debts and honored my word. I didn’t realize that the proper thing to do was to use some legal loophole to avoid paying as I promised to do when I obtained the loan.

Silly me, I stand corrected.

:cool:

Oh I don't know, maybe because you signed an agreement saying that you were promising to pay back the money?

What has happened to personal responsibility in this country?

I love how people rationalize walking away from their obligations by pointing the finger at somebody else to justify their actions.

There is a word for people wo walk away from their obligations - DEADBEAT.

:cool:

Congrats Josh! 100k members is just around the corner!!

:cool:

I usually type my posts in MS Word and copy & paste it into the box.

:cool: