New Sailboat...not so fast.

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Jun 12, 2010
936
Oday 22 Orleans Marina, NOLA
Ken, Yall doing the lower 5 (?) feet or the whole shooting match..of drywall.. ..
Lower 4, replace all outlets. Get this, they wanted us to move the outlets up to 4 feet. What a bunch of maroons.
 

RichH

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Feb 14, 2005
4,773
Tayana 37 cutter; I20/M20 SCOWS Worton Creek, MD
+1

When I bought my first house in '97, the bank said I was pre-approved for a $250,000 house based on my salary. That would have left nothing left for expenses, car, food, etc. I bought a house for $125k. Why? Because I was smart about it. I sold my house for a profit. Not more money but an actual profit. I was literally paid to live there. I now live debt free.

To the War Room!
Why the war room if you lived well within your means and then enjoyed the compound interest accumulation reward in your favor?
Sounds pretty damn smart to me. ;-)
 
Nov 6, 2006
10,219
Hunter 34 Mandeville Louisiana
Ken, I'd guess that all the tainted Chinese drywall from Katrina days is purged from the system by now..?? Soooo ya gonna end up with kool wainscoting .. It would be, eerrr, interesting to have all ya stuff plugged in at chest level !! Probably wouldn't make the articles in Southern Living !
 
Jun 12, 2010
936
Oday 22 Orleans Marina, NOLA
I was wondering about that chinese drywall also...not sure how to tell, except for the hecho en china label. :confused:
 
Jul 28, 2010
914
Boston Whaler Montauk New Orleans
Lower 4, replace all outlets. Get this, they wanted us to move the outlets up to 4 feet. What a bunch of maroons.
Maybe you could rig up some floats for the bottoms of your outlets with a slit in the walls so when the water comes up, the outlets rise, too. ;)
 
Nov 6, 2006
10,219
Hunter 34 Mandeville Louisiana
Wink, I like the whole house on floats so the whole shooting match goes up with the water..
 
Jun 12, 2010
936
Oday 22 Orleans Marina, NOLA
Wink, I like the whole house on floats so the whole shooting match goes up with the water..
You see - that's my point. I should buy a sailboat. Please come over and explain it to my wife.
 
Nov 6, 2006
10,219
Hunter 34 Mandeville Louisiana
OK.. We could take her out for a sail on Ms. Cloud .. where she might see the merits of the bigger boat..?? Weather is getting fine for sailing now !
 
Jun 12, 2010
936
Oday 22 Orleans Marina, NOLA
Don't remind me. I'm stuck on the hard. No sailing until the house is livable.
 
Nov 6, 2006
10,219
Hunter 34 Mandeville Louisiana
Understand ! Best of luck with it, Ken.. Do shout if ya need a hand ..
 
Oct 26, 2008
6,432
Catalina 320 Barnegat, NJ
That did it ...

Now you really lost my sympathy ... your sailing season is getting better, while mine is disappearing! :redface: Good luck with the drywall project ... make your wife happy, it will pay off in the long run!
 

capta

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Jun 4, 2009
5,075
Pearson 530 Admiralty Bay, Bequia SVG
Like the man said, buy a boat & you won't care how high the water gets.
Having lived on boats since I was 12, I'm not too sure what dry wall is, but it doesn't sound like something I'd like on a boat.
 
Mar 28, 2010
91
Catalina C320 Washington, NC
In my Humble opinion, The "housing" market failed because a whole lot of people bought things that were extremely overpriced with money lent to them by greedy financial folks who made money by selling the risk to someone else who didn't have the expertise to realize that the loans could not be paid by the original purchaser.. Note that the Purchaser is at the start and the end of this problem.. First is that the purchaser should have the sense to understand what is overpriced.. and that same purchaser should have the sense to not buy what he can't afford.. Now.. Off to the war room !!
Actually, it's a bit more complicated. Those people who had nothing, but bought with liars lowns (unverified income on application), had nothing to loose. If they made it through they gained. The government regulators (Barney Frank and the like) created this mess and secondly they allowed for mortgages that readjusted upward to unbearable payments. They and the banks have all the computers, experience and know how to understand and predict the outcome. Then when the unbearable mortgage default crisis came, the government steps in to protect the banks. All they had to do was (1) pass a law that said mortage payments would not be allowed to increase more than modest amounts, and (2) that any loan that had been made, would be refinanced in the amount of the outstanding mortgage if the loan was in good standing and current when interest rates went down. They did neither and pumped money into the banks. The people who got hurt were those who bought homes over a period of years, paid their 20% down, paid on time, but then couldn't sell or refinance when a life event changed things for them...lost of a job, sickness, or any other event where they needed to sell, refinance an existing house, or due to job change, had to get suitable housing elsewhere. They can't sell, they can't buy, and after home is foreclosed, their credit is ruined for years. As to knowing when things are overpriced or when to buy or not buy, it's not so simple as many have stated. My son played the game by the book, needed a home as a result of a job out of state, paid his 20% down, paid his mortgage on time, could not refinance because of being underwater when rates went down (where is the fairness in that?), but continued to pay on time. Now he has gotten the balance down, refinanced, but a new job requires him to sell. His loss will be on the order of $350K.
 
Feb 26, 2004
23,353
Catalina 34 224 Maple Bay, BC, Canada
NC - very good description, sorry to hear about your son. I still can't figure out why the "Big Guys of Finance" both govt & private continue to screw their own customers. Your description explains so well how the banksters made out at everyone else's pain. The govt helped the wrong people.
 

caguy

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Sep 22, 2006
4,004
Catalina, Luger C-27, Adventure 30 Marina del Rey
Ken here is a story sent to me recently by a friend.

Young King Arthur was ambushed and imprisoned by the monarch of a neighboring kingdom. The monarch could have killed him but was moved by Arthur's youth and ideals. So, the monarch offered him his freedom, as long as he could answer a very difficult question. Arthur would have a year to figure out the answer and, if after a year, he still had no answer, he would be put to death.

The question?...What do women really want? Such a question would perplex even the most knowledgeable man, and to young Arthur, it seemed an impossible query. But, since it was better than death, he accepted the monarch's proposition to have an answer by year's end.

He returned to his kingdom and began to poll everyone: the princess, the priests, the wise men and even the court jester. He spoke with everyone, but no one could give him a satisfactory answer.

Many people advised him to consult the old ugly woman, for only she would have the answer.

But the price would be high; as the woman was famous throughout the kingdom for the exorbitant prices she charged.

The last day of the year arrived and Arthur had no choice but to talk to the old woman. She agreed to answer the question,
but he would have to agree to her price first.

The old ugly woman wanted to marry Sir Lancelot, the most noble of the Knights of the Round Table and Arthur's closest friend!

Young Arthur was horrified. She was hunchbacked and hideous, had only one tooth, smelled like sewage, made obscene noises, etc. He had never encountered such a repugnant creature in all his life.

He refused to force his friend to marry her and endure such a terrible burden; but Lancelot, learning of the proposal, spoke with Arthur

He said nothing was too big of a sacrifice compared to Arthur's life and the preservation of the Round Table.

Hence, a wedding was proclaimed and the woman answered Arthur's question thus:

What a woman really wants, she answered....is to be in charge of her own life.

Everyone in the kingdom instantly knew that the woman had uttered a great truth and that Arthur's life would be spared.

And so it was, the neighboring monarch granted Arthur his freedom and Lancelot and the ugly woman had a wonderful wedding.

The honeymoon hour approached and Lancelot, steeling himself for a horrific experience, entered the bedroom. But, what a sight awaited him. The most beautiful woman he had ever seen lay before him on the bed. The astounded Lancelot asked what had happened.

The young beauty replied that since he had been so kind to her when she appeared ugly, she would henceforth, be her horrible deformed self only half the time and the beautiful maiden the other half.

Which would he prefer? Beautiful during the day....or night?

Lancelot pondered the predicament. During the day, a beautiful woman to show off to his friends, but at night, in the privacy of his castle, an old ugly woman? Or, would he prefer having a hideous woman during the day, but by night, a beautiful woman for him to enjoy wondrous intimate moments?

What would YOU do?

What Lancelot chose is below.


BUT....make YOUR choice before you scroll down below.




OKAY?








Noble Lancelot said that he would allow HER to make the choice herself.

Upon hearing this, she announced that she would be beautiful all the time because he had respected her enough to let her be in charge of her own life.

Now....what is the moral to this story?










The moral is.....



If you don't let a woman have her own way....



Things are going to get ugly...
 
May 11, 2005
3,431
Seidelman S37 Slidell, La.
I'll offer too

I'm a retired contractor, who did that sort of stuff for a living. I will be happy to offer any and all assistance I can. And I'm a pretty good dry wall guy. You can PM me if you need some assistance. Or advice.
 
Jun 12, 2010
936
Oday 22 Orleans Marina, NOLA
That is from the Canterbury tales "the wife of bath". Dang I'm smart.

Ps: my wife told me that.
 
Jun 12, 2010
936
Oday 22 Orleans Marina, NOLA
Nice N Easy said:
I'm a retired contractor, who did that sort of stuff for a living. I will be happy to offer any and all assistance I can. And I'm a pretty good dry wall guy. You can PM me if you need some assistance. Or advice.
Thanks.
 
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