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Living (too) large?
Crisis may change us, teaching us the differences between wants and needs, but we have short memories
Sunday News
Oct 26, 2008 00:20 EST
Lancaster
By SUZANNE CASSIDY, Staff Writer

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Showing 5 most recent comments out of 28 total TalkBack comments about this article
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QUOTE (PedroHead @ Oct 26 2008, 09:56 AM)
I win the award for finding the dumbest quote of the day......
Oh, dear sir, you spoke too soon. I win.

QUOTE (Shoganai @ Oct 26 2008, 09:55 PM)
Hyperinflation is just around the corner. This economy will not only crash, it will explode on impact. Stand by. What is coming will make the Depression of the Dirty Thirties look like a Sunday school picnic on a particularly balmy day in late June. Hyperinflation! Remember, you read it here on LOL first!


And I also win for finding the best comment of the day.
QUOTE (PedroHead @ Oct 26 2008, 09:56 AM)
What an idiot. It is oolish comments like this that cause people to panic. I know I am more willing to bet with Warren Buffett and others who are buying right now than some idiot relative who has zero idea what they are talking about.
dee
QUOTE (pml @ Oct 26 2008, 09:44 AM)
I make NO long distance phone calls yet we pay like $40 per month.

Its called a "Fixed Cost", just like you would pay something even if you didn't use any electricity in a month. Companies need to maintain their networks.

Try getting a pay-as-you go cell phone instead of a land-line. If you spend enough, with certain plans, you have an entire year to use up, say, $50 (after the purchase of the inexpensive phone, of course).

I've gone this route for over three years now, using the same basic $50 phone.
Mansfield
QUOTE (dee @ Oct 27 2008, 02:12 PM)
Not always true. Let's say you have two good tenants that you want to keep. Your property taxes go up, you are not necessarily going to pass on that new higher bill to your good tenants for fear of losing them.


ALL taxes have what is called the "tax incidence", based on elasticities of supply and demand of producers and purchasers that determines how any given tax or tax increase is split between these two groups.
If demand is (relatively) elastic, the producer (landlord) can't pass as much of it to the consumer (renter).

If its something consumers can't do with out, (inelastic), the producer can pass on more/all to the consumer.

This is a very basic/simplistic explanation, so I refer anyone to a basic microeconomics text for greater details and hopefully understanding of this mostly misunderstood concept.
Mansfield
QUOTE (Shirley U Geste @ Oct 26 2008, 11:33 AM)
No reason to pay more then $25 for a phone if you have cable internet. Get an IP phone. $25 a month gets you unlimited calling to anywhere in the USA, Canada and Puerto Rico. It also includes call waiting, caller ID and voicemail. Research and be smart. We have cut our expenses in half simply by doing research, moving to newer technology and eliminating things we were no longer using.

If you have or move to T-Mobile for your cellphone service, for an additional $10/month, they'll give you VOIP with all the calling features of caller ID, 3-way conference calling, AND unlimited nationwide free long distance. go to their website and look it up!

QUOTE (Shirley U Geste @ Oct 26 2008, 09:10 PM)
We have Comcast and use Vonage. No problems for over 2 years. Comcast will vary based on neighborhoods. We have low usage in our negihborhood so our connection is excellent. I would think having DSL and Vonage would defeat the purpose of saving money since you must have a phone line for DSL.

I'm moving to SKYPE they're cheaper than Vonage.

QUOTE (Lancaster Online @ Oct 26 2008, 12:20 AM)
Post your thoughts and comments about this article.

I grew up with depression-era folks and it's true, they never ever spent money even after the economy recovered. What the depression did to them, they never recovered; it changed them for ever, they went frugal all their lives.
pinkcamelias
QUOTE (Mansfield @ Oct 27 2008, 04:20 PM)
ALL taxes have what is called the "tax incidence", based on elasticities of supply and demand of producers and purchasers that determines how any given tax or tax increase is split between these two groups.
If demand is (relatively) elastic, the producer (landlord) can't pass as much of it to the consumer (renter).

If its something consumers can't do with out, (inelastic), the producer can pass on more/all to the consumer.

This is a very basic/simplistic explanation, so I refer anyone to a basic microeconomics text for greater details and hopefully understanding of this mostly misunderstood concept.


Right, because it would be SO much more economically sound to raise that rent that I used for an example and have the two good tenants move out. To be replaced with someone who potentially will not pay consistently, will move out after one year and may or may not trash the place.
dee
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