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Johnny Chimpo

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Posts posted by Johnny Chimpo

  1. 10 hours ago, NoRagrets said:

    Need some advice:

    Big Family vacation in July and I need to decide between houses in Incline Village (on mountain with great views) and South Lake Tahoe (Zephyr Cove on mountain with great views).

    We don’t care about gambling. Want good beaches and stuff to do with kids, and to avoid riff raft.

    South Lake Tahoe is a heap of riff raff. Incline village is typically a little quieter so for that reason in your scenario I would go down that route. 

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  2. 6 hours ago, TheFlyingBoat said:

    Cool so forward looking inflation expectation is around 2% and we've been consistently under 2 for the past 8 years or so. Looks like we'll be fine even if we run up to 2.5 or 3 until 2023. I'm not worried about a high inflation environment at all. Those who were worried about it after QE have massive egg on their face and maybe 20 years from now they will be right about massive inflation, but at that point they'll have called 30 of the last 1 inflationary spikes.

    I can understand why you would say that looking at this chart. However the chart is a bit of bullshit to be honest.  In order to understand why that chart does not truly reflect inflation experienced by the US consumer you need to understand how the fed calculates inflation. They use hedonic adjustments to lower inflation rates down to their desired 1.5-2%. They have also removed housing prices from inflation and use a “rent equivalent basis” for their housing component. 
     

    If you care to read more on the subject the below two links will get you going. If you want to dismiss the issue and put your head in the sand, be my guest.

    https://wolfstreet.com/2021/04/13/yup-dollars-purchasing-power-dropped-to-record-low-again-but-more-sharply-and-its-worse-than-cpi-shows/

    http://www.chapwoodindex.org/

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  3. 40 minutes ago, orangecat92 said:

    When is the big correction?  I have read so many articles that warn of the big correction, and now am playing the waiting game.  One alternative theory I read was that the stimulus would put off a correction until closer to the fall.  

    Timing the market is kind of a fools game. Keep pounding your money in over time and dollar cost average the highs and lows. Keep a little cash on hand in case it really takes a shit, you can scoop good shit on sale. 

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  4. 45 minutes ago, Both Tacos said:

    Snow report - Biggest total from record-shattering snowstorm tops 50 inches (msn.com)

    Biggest total from record-shattering snowstorm tops 50 inches

    Mark Puleo  2 hrs ago
     
     
     
     

     

    A snowstorm of epic proportions swept across the western United States this weekend, dropping over 3 feet of snow in many areas and leaving tens of thousands of residents without power under the heavy blanket of record-breaking snow totals.

    The storm left historic mounds of snow in its wake, dropping 25.8 inches of snow in Cheyenne, Montana, the most snow from a single storm the city had ever seen. The previous record was set in 1979 when the city received 25.2 inches over two days.

    This same system would become the fourth-largest snowstorm in Denver history, leaving over 27 inches of powder at Denver International Airport. Throughout Colorado, five locations received at least 3 feet of snow, led by Buckhorn Mountain's 42 inches recorded over this weekend.

    In Wyoming, even the most winter-proofed lifelong residents wouldn't be able to recall a storm that packed this heavy a punch. Along with Cheyenne's all-time record, a site atop Windy Peak in the Laramie Range reported 52 inches of snow, according to the National Weather Service (NWS). The "historic" conditions spewed far enough to even drop 19 inches of snow in Nebraska, triggering the closure of Interstate 80 near Gering, according to The Associated Press.

    By early Monday morning, the 27.1 inches of snow reported at the Denver International Airport, forced all airlines to cease operations, leading to the cancellation of 1,072 departing flights and 1,116 arriving ones.

    Other locations in Colorado received in excess of 3 feet such as Aspen Springs, which recorded 40 inches of snow.

    By Sunday night, snowfall amounts had exceeded 30 inches in Cheyenne, easily eclipsing the city's old record for the heaviest snowstorm in history, which stood at 25.6 inches set from Nov. 19-21 in 1979.

    Colorado Gov. Jared Polis announced that he activated the Colorado National Guard to respond to search-and-rescue requests through the state's Emergency Operations Center from 12 p.m. Friday until 12 p.m. Monday.

    The dangerous winter conditions also sparked widespread power outages, leaving more than 33,000 customers in the dark at one point on Sunday morning.

    "I urge you to stay home if it's going to snow hard in your area, so you don't need them to rescue you," Polis said. Colorado State Patrol echoed that motorists should stay off of the roads amid what a trooper referred to as "Snowmaggedon" or "Snowpocalypse" in a video recorded and sent out on Twitter.

    The Douglas County Sheriff's Office in Colorado reported that it was responding to many people throughout the county who were stranded in their vehicles on Sunday. A deputy and a Colorado Department of Transportation plow were among the vehicles that were having problems.

    Denver International Airport's fleet of snow-removal vehicles prepared early, so they could take on the snow as soon as it arrived.

    "The good news is that snow in Denver is not unusual, maybe this much is, but we plan all year for big storms," The Denver International Airport Spokesperson, Emily Williams, said.

    Along I-25, The NWS office in Boulder reported that roads were getting "slushy" on Saturday night, and conditions deteriorated in a hurry throughout the day on Sunday, leading to travel becoming nearly impossible.

    Portions of I-25, I-70, I-76 and I-80 were shut down as a result of the treacherous travel conditions on Saturday night.

    Conditions on I-70 began to get "treacherous," as the snow fell steadily. Colorado State Patrol announced a westbound closure at C-470 on 260, with all traffic being diverted east on Colorado 470.

    By Sunday afternoon, the Colorado State Patrol said conditions continued to deteriorate to the point that flares put out to block the ramp to westbound I-70 from C470 were no longer visible.

    Traffic cameras in the area all showed the same scene: roadways covered with so much snow that they became indistinguishable from the surrounding ground.

    On Sunday morning, I-25 was closed north of Fort Collins, Colorado, near Wellington, to the Colorado and Wyoming border.

    "We just received a report from a caller in Wellington who said 10-inch- diameter trees were snapped in his neighborhood and power lines are laying on the ground. Roughly 14 inches of snow is on the ground," NWS Boulder tweeted.

    I’m gonna quote this motherfucking long cat just for fun. 

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  5. 2 hours ago, TexasGary said:

    I am going to be moving in with a family member and need to either sell or rent out my house.  My initial instinct says to try the rental game and hire a property management company.  I really would like any advice that any of you fine people have to offer.  The house is in Plano just a few miles from the 121 / Tollway corridor.  This would be my first rental property.  Should I transfer the house to a real estate trust?

    Do you own the house? Otherwise you need to make a realistic estimate of what your monthly cash flow will be. If it’s less than 20-30% more than your mortgage I would just sell it and invest it in something that doesn’t have any headaches associated with it. 

  6. 59 minutes ago, texashorne said:

    08 F150 with 175k miles, 4.6 V8

    2016 Expedition 110k miles, 3.5 ecoboost

    Mine have been reliable by my definition.. If you have to go 200k and can't go to the shop not 1 single time, then Subaru is the vehicle for you. 

    Consumer reports can really go fuck themselves. Who anointed them the experts on all the shit we buy? And how to they determine the reliability of a brand new vehicle? Do they have a time machine?

    IMO, Chevy, Ram, and Ford are good vehicles. Get the one you want, and don't let the collection of nerds at Consumer Reports HQ put you in a car you don't like.

     

     

    I would beg to differ on the Subaru. The imprezas had their issues with blown head gaskets, throw out bearings, clutches that didn’t last too long, and etc. I think they’re fine cars but they are no Toyota’s. I had an 08 STI that I ended up having to do a combination clutch job, valve job, and head gasket job on. Granted it was because I drove the piss out of that car from age 23 to 28 but yea that was not cheap. There was a few other issues too, air conditioning compressor and the exhaust gas recirculating valve went bad on me too. 

  7. 1 minute ago, Cornfusion said:

    ????  Most everybody here in Nebraska has their hot water heater in the basement.  I've never heard of pressure issues with a hot water heater, but there might be something here I don't understand.

    Lol. Heating water to a temp below boiling, like almost all water heaters made for residential use do, should always be an isobaric process. This means it occurs at a constant pressure! The pressure that the water is supplied at is the pressure that the water will be delivered at, minus friction losses from piping and fittings. 

  8. 1 hour ago, BabaBooey said:

    I work on a pipeline here in the Houston area that was able to capitalize this week on high prices. We winterized all our instrumentation and took the necessary steps to keep from freezing up. Centerpoint did freeze up a few times at their regulator stations downstream of us which caused higher flow rates, but nothing major. Our line isn't the biggest (size and volume wise) compared to the big dogs (Kinder/HPL/etc) but we managed to feed a lot of city gates this week.   

    It’s not the size of the pipe, it’s how you use it. 

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  9. I was talking to one of our maintenance guys about when the plants go down in winter out here in KZ. He was saying all the drain systems get all iced up and they have to go through and replace tons of gaskets. Major pain in the ass. And once they pressure up that’s when they start finding all the other leaks. Guessing they’ll be dealing with that sort of thing too. 

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