ORIGINAL BARNFIND SELLS $600K

The world is now certifiably mad.

Just very wealthy.

They can spend $600K, like most of us would spend $6.00.

I have a friend that runs a company in NYC, he manages properties for people. One of his clients owns an appartment, paid $35M. Stayed there zero days in 5 years, has a full time staff to take care of that apartment of 8 people.

There are 200 people in the world that make $500,000.00 US per hour, 24 hours a day, 365 days a year. 

Lane Anderson posted:

The world is now certifiably mad.

PORSCHE PRICES have gotten way out of control...I see 84 targa SHITBOXES with 135K miles selling for $59K and of course 73 RS 2.7 for $1.1 million because they weight 47 pounds less than stock and have paper door panels and NO RADIO so that you can "FAHRHRT" a bit faster! Just MIND BOGGLING

NEW GTRS-2 for $450K....this is freaking madness. The next GREAT BUY will be the 96-98 air cooled which you can still buy for 55 to 70K/under 50,000 miles.

I am not a Oligist of any kind on human behavior but I think that the creation of extreme  wealth always happens during a transition or disturbance in the Economy...and we appear to be transitioning from a manufacturing domestic consumer based economy into a global internet information and service economy.....

I can remember when John Paul Getty had a billion dollars and most of us thought that was all the money in the world, now the internet creates individuals that have in excess of 60 Billion dollars...

I don't see any practical or affordable or even moral way to redistribute the wealth to those who are not able or willing to acquire the skills needed to be successful in this economy... there are 6,000,000 jobs in America that are vacant because people lack the mobility and the skills to fill them. 

bart posted:

I am not a Oligist of any kind on human behavior but I think that the creation of extreme  wealth always happens during a transition or disturbance in the Economy...and we appear to be transitioning from a manufacturing domestic consumer based economy into a global internet information and service economy.....

I can remember when John Paul Getty had a billion dollars and most of us thought that was all the money in the world, now the internet creates individuals that have in excess of 60 Billion dollars...

I don't see any practical or affordable or even moral way to redistribute the wealth to those who are not able or willing to acquire the skills needed to be successful in this economy... there are 6,000,000 jobs in America that are vacant because people lack the mobility and the skills to fill them. 

 

 

I agree...it approaches TOTAL ABSURDITY and does NOT bode well for the future. Insurance companies that put PROFIT FOR SHAREHOLDERS as the main priority rather than for the administration of healthcare or should I say the "DENYING" of healthcare is an ingredient for ....dare I say REVOLUTION. There must be a COMPASSION INDEX along with a REWARD index! To charge $12,000/month to treat some disease to fund BIG PHARMA's CEO's $12 MILLION DOLLAR Bonus violates the natural order of things........I'm NOT saying the CEO does NOT deserve a big fat bonus for HE/SHE's incredible skill set, but the balance is severely SKEWED and it disturbs the fiber of HUMANITY and our trust in one another to protect civility......

There are many reasons why folks LACK MOBILITY and SKILLS...racism, poverty, mental illness, absurd incarceration policies, access to education, and the GREED of those in control who cannot see the weakness of their vanity......

Just sayin...

bart posted:

there are 6,000,000 jobs in America that are vacant because people lack the mobility and the skills to fill them. 

Bart, this is an oft quoted statistic. I struggle with the way this is framed, as if "lack of mobility" is a weakness. "Mobility" is often a nice way of saying, "willing to sacrifice a sense of community". Staying in a place and making it better used to be a virtue, but has been made a vice in today's marketplace. Increased centralization and the balkanization of the "vassal provinces" used to be a centerpiece of dystopian novels, and is now being foisted upon us as a precondition of success in the modern world (which leaves me wondering if we are headed into some dystopian future). We live in a "connected world" through the miracle of the internet, yet we are told that we all need to leave family, social networks, and communities to live/work in 4 or 5 major cities as a precondition for success. "Why" remains a mystery to me.

As far as a the skills, I'm crying foul on that as well. This seems to be a statistic that tech CEOs like to trot out to explain why we need H1-B workers from India and the far east. The reality is that there would be adequate engineers, etc. if companies paid enough to attract workers with other options. My son is a mechanical engineer (a profession allegedly in short supply) who competes in the market with engineers from Sri Lanka, etc. who's alternative to working for $.50 on the dollar here is to go back to whatever poverty-riddled hole they came from. It's a Faustian choice.

There are many reasons why folks LACK MOBILITY and SKILLS...racism, poverty, mental illness, absurd incarceration policies, access to education, and the GREED of those in control who cannot see the weakness of their vanity......

Just sayin...

Banzai, I couldn't agree with you more. The primary role of government is to establish and enforce the rules of the game, and to protect the weakest members of society. In the past, when the rules were skewed and the deck got stacked, there was revolution (either in reality or economically). We are closer to it than we (the winners) would like to think.

The graduation rate in Peoria Public Schools is less than 50%. When we have a perpetual underclass, with zero opportunity or incentive, who see their peers cut down in their youth, and who have available armament and no real community (see above-- "mobility" is a virtue)-- what do we expect? That they will live in perpetual poverty, or that they will become a law unto themselves?

The oligarchs of the 19th century had their monopolies broken up to the detriment of the ruling class. The industrialists of the 20th century saw their workers form unions to regain some stake in the the outcome of the game. The result of these two erosions of power was the rise of the greatest middle class the world has ever seen (or will ever see). Unfettered Capitalism is not the utopia we've been sold. The marketplace needs some limits and corrections to work for everybody.

We need some kind of correction very soon.

Stan Galat, '05 IM, 2276, Nowhere, USA posted:

bart posted:

there are 6,000,000 jobs in America that are vacant because people lack the mobility and the skills to fill them. 

Bart, this is an oft quoted statistic. I struggle with the way this is framed, as if "lack of mobility" is a weakness. "Mobility" is often a nice way of saying, "willing to sacrifice a sense of community". Staying in a place and making it better used to be a virtue, but has been made a vice in today's marketplace. Increased centralization and the balkanization of the "vassal provinces" used to be a centerpiece of dystopian novels, and is now being foisted upon us as a precondition of success in the modern world (which leaves me wondering if we are headed into some dystopian future). We live in a "connected world" through the miracle of the internet, yet we are told that we all need to leave family, social networks, and communities to live/work in 4 or 5 major cities as a precondition for success. "Why" remains a mystery to me.

As far as a the skills, I'm crying foul on that as well. This seems to be a statistic that tech CEOs like to trot out to explain why we need H1-B workers from India and the far east. The reality is that there would be adequate engineers, etc. if companies paid enough to attract workers with other options. My son is a mechanical engineer (a profession allegedly in short supply) who competes in the market with engineers from Sri Lanka, etc. who's alternative to working for $.50 on the dollar here is to go back to whatever poverty-riddled hole they came from. It's a Faustian choice.

There are many reasons why folks LACK MOBILITY and SKILLS...racism, poverty, mental illness, absurd incarceration policies, access to education, and the GREED of those in control who cannot see the weakness of their vanity......

Just sayin...

Banzai, I couldn't agree with you more. The primary role of government is to establish and enforce the rules of the game, and to protect the weakest members of society. In the past, when the rules were skewed and the deck got stacked, there was revolution (either in reality or economically). We are closer to it than we (the winners) would like to think.

The graduation rate in Peoria Public Schools is less than 50%. When we have a perpetual underclass, with zero opportunity or incentive, who see their peers cut down in their youth, and who have available armament and no real community (see above-- "mobility" is a virtue)-- what do we expect? That they will live in perpetual poverty, or that they will become a law unto themselves?

The oligarchs of the 19th century had their monopolies broken up to the detriment of the ruling class. The industrialists of the 20th century saw their workers form unions to regain some stake in the the outcome of the game. The result of these two erosions of power was the rise of the greatest middle class the world has ever seen (or will ever see). Unfettered Capitalism is not the utopia we've been sold. The marketplace needs some limits and corrections to work for everybody.

We need some kind of correction very soon.

YES indeed....the pendulum SWINGS and soon enough...

WE are winners, obviously if we are pissing away money on fun stuff BUT I'm glad to see that some of us are aware of the LESS FORTUNATE around us and the trouble ahead as that PENDULUM SWINGS further and further. The LAWS of PHYSICS says that for every ACTION, there is an equal and OPPOSITE RE-ACTION.....and that applies to the balance of life/karma on this planet.

Denying public school teachers adequate salaries, and incarcerating folks for 20 years for selling 3 JOINTS, to fund some guys YACHT on the COTe D'azur is criminal....

It's a little sobering to consider that twenty years from now, if you pull up to a Cars and Coffee in your plastic Speedster, guys will be telling you they once had a real one and let it go for just $300,000 and have been killing themselves over it ever since.

Interestingly, quite a few of the members of my local 356 club are selling their cars. Often, the car ends up in Europe but, more importantly, the previous owners have cashed out simply because they worry too much about damaging the car if taken out on the road and thereby losing value to a mishap (like the guy who had a brick land on his hood from an overpass while headed to an event).  

I hosted a small event last season which was a "356 event" and the vast majority of cars that showed up (11 out of 16) were Boxsters.  That surprised me a bit, but then it happened a couple more times since - We even had one guy sell his 356 and showed up at a 356 club event in a Jaguar XK-120!  I would suspect that the average age of New England-based, original 356 owners is somewhere around 75 years old, right now, and they're cashing in because, quite often, they could use the money toward their retirement incomes.

As for the people coughing up $600K for a Barn-find.......Well, I used to work with people like that in the computer biz and, as someone already mentioned, when you're making $150K per month on investment interest alone before you include your "real" income, $600K is a drop in the bucket.  Hell they're only paying $250,000 per year to pay off their Citation jet!  I used to manage a couple of corporate jets for my division and we would typically break even for the year after about 3-1/2 to 4 months of use - after that they were pure profit even after regular maintenance...

I use to be a health care professional in New York and had been fortunate to have some enormously wealthy patients. I once treated a family member of the PIttsburgh STEELERS/NY GIANTS family and received a check from their accountant/comptroller with TWO(2) EXTRA ZEROS added on to the amount by MISTAKE. I returned the overage 90 days later and they  were NEVER aware of the SNAFU, AND, it would NOT have affected their cash flow one freaking drop. ........but an $850,000 check for an $8500 fee to be a CASUAL OVERSIGHT is borderline COMEDIC.... Should have kept it!!

I ALSO had the privilege of treating a CRIME BOSS that came to the office "AFTER HOURS" for his safety AND mine......he was kind enough to whip out a roll of "C NOTES($100 DOLLAR BILLS)" which were TIPS for my staff(over $5000) for coming back to the office, AFTER HOURS, to facilitate his appointment. At least 5 or 6 very large intimidating GENTLEMEN(wearing long coats AND expensive suits) came up to the office in advance to scope out the elevators, entrances, closets, parking garage, AND, there would be NO SIGNED medical history taken. This was all arranged in advance by another long standing patient, ahem.......

I wont even get into my remuneration for fear of IRS statute of LIMITATIONS and my GENERAL HEALTH. But yes $600K is POPSICLE money for some and they lose that much change in their couch cushions.......

GOD BLESS AMERICA......and BARN FINDS...

I'm vaguely aware of people with obscene amounts of money falling out of the sky, but everybody I know works for theirs. Some get paid better than others, and even that seems out of whack. I work no harder now than I did working for somebody else, only now I get paid 3x as much.

I've got no beef with the Porsche bubble, except that I'll not get the 911 I had a hankering for when they were $10K. Rust-bucket $600k speedsters remind me of how much I love my car, and how people with real money don't necessarily have any more sense than the average guy standing at the C-store counter lingering over his lottery ticket picks.

Stan Galat, '05 IM, 2276, Nowhere, USA posted:

I'm vaguely aware of people with obscene amounts of money falling out of the sky, but everybody I know works for theirs. Some get paid better than others, and even that seems out of whack. I work no harder now than I did working for somebody else, only now I get paid 3x as much.

I've got no beef with the Porsche bubble, except that I'll not get the 911 I had a hankering for when they were $10K. Rust-bucket $600k speedsters remind me of how much I love my car, and how people with real money don't necessarily have any more sense than the average guy standing at the C-store counter lingering over his lottery ticket picks.

AND.....

IF YOU/I had 600K loose laying around in a box or coffee can, I would NOT buy a 600K speedster..........

Like I said, I am no expert on human behavior ....and I am not suggesting that mobility (or lack there of) is good or bad...it just is.

I believe it is true that the value of anything is what someone is willing to pay for it at a point in time........but.....

I have to wonder about our values when a basketball player makes more in one year than over 600 first year teachers....

Yes the professional sports leagues are  cartels protected by the Congress and there for are able to charge monopoly fees....but that is ridiculous ....

I have no idea where this is heading, but the veneer of civilization may be thinner than policy makers think....in the next couple months, they will raise the debt limit again, deficit spend..... and steal money from future generations of Americans.  

The NFL,   is a tax exempt corporation.    

bart posted:

Like I said, I am no expert on human behavior ....and I am not suggesting that mobility (or lack there of) is good or bad...it just is.

I believe it is true that the value of anything is what someone is willing to pay for it at a point in time........but.....

I have to wonder about our values when a basketball player makes more in one year than over 600 first year teachers....

Yes the professional sports leagues are  cartels protected by the Congress and there for are able to charge monopoly fees....but that is ridiculous ....

I have no idea where this is heading, but the veneer of civilization may be thinner than policy makers think....in the next couple months, they will raise the debt limit again, deficit spend..... and steal money from future generations of Americans.  

 

 

 

One of these days...probably well after my "DIRT KNAP", a group of well funded dudes are going to ROCK the airwaves...and be PISSED ENOUGH to get some things changed...........

AND that basketball player can BARELY READ.......not that reading is a parameter to be judged by me as an index for INCOME. But it certainly does NOT lend itself to civility and pursuit of harmony and humanity amongst the HAVES and HAVES NONE!

Art,

Actually, the NFL voluntarily relinquished its tax-exempt status in 2015, precisely due to the terrible PR such a status held, even with diehard football fans.  You know the flack was not survivable if the bean counters could persuade the powers-that-be to kill that golden goose.