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My Recent Comments
Well, I enjoyed the article and am a ardent supporter of alternative energy. However, the second to last sentence is not relevant to the article; in it Salazar voices a common misconception: He implies that the US generates electricity using oil, and that is not the case. Even if our oil imports did decline, which is certainly a good thing, it had nothing to do with the construction or operation of solar, wind, geothermal, or other alternative energy projects. Oil is used primarily for transportation, and secondarily for industry/manufacturing. There will be no correlation between alternative energy use and oil use until and if plug-in hybrids and electric cars become mainstream. 7 months ago
This is a really interesting subject. Although a number of points above are certainly valid, there are a couple of caveats. I often listen to Dave Ramsey, an anti-debt guru who has a nightly radio call-in program, and this question comes up almost every night. It is true that high-interest and/or smaller debts should normally be paid off first, so that that freed-up money can then be applied to larger amounts. But, as touched on above, some people have enough cash to pay off or pay down their mortgage, but wonder if it's a better idea to invest that money in potentially risky but also potentially higher yield devices. The way to answer that question is this: If your house was paid off completely, would you go and take out a new loan against that house to invest in the stock market or some other endeavor where you might lose that money if things go south? Most will answer no to that question, but you are doing exactly that if you invest instead of paying off the loan. The other point is one of taxes. Think about how much interest you pay vs. what you get back in April. Let's say you pay the bank $10K in interest, are able to deduct it all at the end of the year. If you're in a middling tax bracket, you'll get back maybe $2500. Where did the other $7500 go? It went to put the banker's kid through college or buy them that bass boat. Wouldn't it make more sense to just pay the extra $2500 but keep the $7500 in your own pocket, to maybe put your own kid through college? Finally there is the emotional aspect, and the long-term repercussions of that reduced debt. I paid off my first house ~20 years ago. It was a feeling like no other, and by having the discipline to do that then I have not had a mortgage since, 3 houses later. It gives you a freedom that the person paying $1500/month simply does not have. If you can do it, then do it--you won't regret it. As Dave says, "Live like no one else now, so you can live like NO ONE ELSE later."8 months ago
All I can say is what I'm seeing around me. I bought a house in a basic east Mesa neighborhood last October for 97K. 1200 sq. ft., built in '99. And that was actually a little high as the investor I bought it from had already renovated it nicely, and it had a pool. The same size house on the same size lot but without a pool right behind me sold last month after only a few weeks on the market for 122.5K. There were 5 homes for sale in the neighborhood when I moved in; now there are none. Things are turning around--finally--and it is really nice to see. 9 months ago
Do you work there, that you would know that? I did for two years (Fab 22A construction engineer--Ocotillo campus), and I can tell you that it was one of the greatest jobs I ever had in 35+ years working in the local semiconductor industry. I interfaced with employees at every level on a daily basis, from top management to the workers on the line. Intel's workforce is diverse, and made up primarily of very bright Americans whose ethnicity is representative of the local community at large. I was proud and happy to be there, as were pretty much everyone else I talked to. If you have that qualifications, why don't you go and give them a try--otherwise you are speaking from ignorance and you might consider keeping that ignorance to yourself.9 months ago