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Hefeweizen

Certifiably Surly
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Everything posted by Hefeweizen

  1. I’m glad Bama is this incompetent. It will make the aggy meltdown even better.
  2. Aggy sucks. Bama just sucks less. Milroe is turrible.
  3. Yeah I was talking about ones for large projects, that can take a while to repay. The interest rates on those are killing project margins to a point the pro forma doesn’t pencil. Think double digit interest rates, with serious penalties. Then weigh the risk that the project doesn’t occupy/produce revenue because of market conditions and all of a sudden it makes no sense to build. So right now everyone is entitling projects then putting them on hold.
  4. From one of the more expert commentators on the war:
  5. Not a structural engineer, just civil, but I think the upper portion of the rail bridge is fucked until they can replace beams. Steel doesn’t need to melt to lose its tensile strength, and once that happens the concrete is doomed as soon as any tensile force is applied. I think the roadway is easier to repair because it looks like the deck slid off the piers. The big question is what if the piers are compromised? That is a months long repair. Short summary, that bridge is fucked. US army corps of engineers would be able to do something quick but they are bad ass at this kind of stuff. Russia, what engineer doing?
  6. One of my favorite things about Eastern Europeans is how they have absolutely no filter on their thoughts:
  7. Try it and let us know how it works out. Unfortunately you have collateral.
  8. Hell I’ve thought about it before. She wanted to buy a ton of AMC when it was sub 5 dollars and I laughed at her. Jokes on me.
  9. You can say that again.
  10. If you’re in acquisition you may already be there. I cover the spectrum from early feasibility to finished lots and different people have different risk tolerance. Elgin is a pretty annoying place to work honestly. Only place I prefer to work less is unincorporated Travis county, but it pays way better. Construction loans appear to be the main deal killer right now.
  11. Fuck I was hoping someone would get the William Carlos Williams reference but I’m a booknerd. I deserve any opprobrium sent my way.
  12. How are the employment numbers inflationary? Explain like I’m five because I saw participation rate is still down overall. I don’t see the report as inflationary but rather that the Fed is having very little impact on the job market so far.
  13. Jerk. Like anyone would waste their time on that.
  14. The Downfall meme is overdone but this is hilarious.
  15. In a Clipper, packed in sawdust. I suspect the thief is some fruity kind of guy with long hair. Maybe even a poet.
  16. Jesus this is horrific reading. First the cow, then eating the fucking dog they befriended? Yeah I was on team fuck Russia before but I have a feeling this book is going to bother me.
  17. I had some plums in my icebox that I was saving for breakfast. They looked sweet and delicious and cold. Some asshole ate them.
  18. Scissor me Timbers!
  19. I’ll give a short anecdote based on the real estate world right now. 1). Homebuyers are having a hard time qualifying. 2). Builders at first were like “whatever, we’ll keep selling” 3). Then builders start to see too many cancellations and panic throwing whatever they can in at closing to keep buyers (but not lowering prices) 4). Builders start walking deals because of the reduced closings. Alternatively they renegotiate smaller purchases with huge escalators to avoid having inventory on their books 5). Developers cancel projects because they can’t sell lots to builders. They don’t reduce per lot costs on contracted projects though. 6). Raw land owners or flippers are stuck with the dirt they bought. The only way out is to wait until demand recovers. i don’t see a deflationary path anywhere in there. Maybe tightening margins bring about a slight reduction but unlikely. We’re at stage 4 and 5 now. We’ll be at stage 6 by the end of the year. I think 3 quarters of pain right now.
  20. I’m ODing on aggy misery. Please don’t stop. I’m in tears reading this shit and I don’t even have to click on texags and get internet aids.
  21. They always do…. With regard to consumer demand, that’s what the Fed is about to do. I think what’s been missing from the discussion is what happens to consumer credit cards as rates climb. That is about to kick some people in the nuts too.
  22. Hang on this simulation is coming unglued. No way we have a baddie named Satanovsky. Lazy writing.
  23. He’s a dumb ass but can’t help himself. The reactions on Twitter are pretty funny though.
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