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**Dinner** · October 26, 2020, 03:22

Yes, I have heard this but there is a break on price decreases actually happening. You see it in places like NYC. Namely, that indebted borrowers have it written into their commercial loan agreements from banks that if they rent out commercial space for less than what they wrote in their loan applications then those, highly leveraged loans, have to be recapitalized by the borrower. So the borrower might have to suddenly kick in an extra $500,000 or two million if they rent a place for less than their unrealistic rent estimate. Now, it is also written into the loan agreement that if commercial space is unrentednthan that portion just gets extended on the backend (loan payment period gets automatically added on to the back end) with only minor carry over interest.

In a truly free market prices would have to drop so that landlords get some money instead of no money but with those style loan agreements it is literally cheaper for the landlord to keep a place empty for up to ten years (at the extreme) then to have to suddenly cough up an additional $2 million to the bank because his loans is suddenly under capitalized due to him renting it for less. Eventually, banks won’t be able to just keep floating them and maybe we are reaching that point in places like NYC. It hasn’t happened yet but it did happen in Japan in the 1990’s.

**Dinner** · October 26, 2020, 03:32

I recall NYC proposing to change that with a commercial space vancancy tax. That is an interesting idea but wrong. A better way would be to change regulations so that the market starts functioning more freely so that landlords have to start accepting something instead of nothing. I would try to avoid complexity where possible but maybe a vancancy tax could do this.

**Gertrude** · October 26, 2020, 06:05

Originally posted by Dinner View Post

Yes, I have heard this but there is a break on price decreases actually happening. You see it in places like NYC. Namely, that indebted borrowers have it written into their commercial loan agreements from banks that if they rent out commercial space for less than what they wrote in their loan applications then those, highly leveraged loans, have to be recapitalized by the borrower. So the borrower might have to suddenly kick in an extra $500,000 or two million if they rent a place for less than their unrealistic rent estimate. Now, it is also written into the loan agreement that if commercial space is unrentednthan that portion just gets extended on the backend (loan payment period gets automatically added on to the back end) with only minor carry over interest.

In a truly free market prices would have to drop so that landlords get some money instead of no money but with those style loan agreements it is literally cheaper for the landlord to keep a place empty for up to ten years (at the extreme) then to have to suddenly cough up an additional $2 million to the bank because his loans is suddenly under capitalized due to him renting it for less. Eventually, banks won’t be able to just keep floating them and maybe we are reaching that point in places like NYC. It hasn’t happened yet but it did happen in Japan in the 1990’s.

That would have a very unfortunate economic outcome. Rather than commercial rents subsiding to market rates there would be no change in rent for leased space while other space remains vacant. Lower rents would make shops more viable. I do not like the sound of those loan conditions at all.

**Krill** · October 26, 2020, 07:26

Originally posted by Dauphin View Post

My understanding is that in the US you generally go for long term fixed (15 or 30 years), whereas you'll get those lower rates for short term fixed. Mine is 5-year though with a $2k cashback on drawdown (so they are paying me to get the loan, madness).

I suggest you try and negotiate. My rate was well below listed price, but being staff I knew exactly what was possible.

How do you even negotiate a mortgage rate? Who do you speak with to start that discussion?

Also, forever home? Congrats all the same.

**Dauphin** · October 26, 2020, 19:39

My UK mortgages were generally take or leave rates, but for banks/building societies that are open to negotation, if you don't ask, you don't get. Some banks would cut the rate if you can show a viable competitor mortgage is on offer and you may take it - more so if you are an existing customer.

My Canadian mortgage has a posted price of 4.54% and a 'special discount' price of 2.14%. What the heck that marketing strategy is, I don't know. But at any rate I looked up the rates available to brokers without approval and saw 1.74%. Asked for it, and got it.

My new home is as forever as any place, but its a decent size for central Toronto (2,000 square ft living space - two-storey + finished basement, garage and driveway for two cars and a garden I can mow in about 5 minutes) and so doubt we'll need to move.

**Torlael** · January 15, 2021, 08:07

In general, the most important thing in such cases is to analyze well before deciding something because after doing any step you can no longer change anything and the consequences can be both positive and negative. Personally, when I wanted to take out a mortgage, from the beginning I turned to -removed- because I realized that I would not be able to analyze everything on my own and see which is the best option to choose. Instead, with the help of these companies, I managed to take a safe step, which does not make me regret it even now.

**Kidlicious** · January 15, 2021, 09:55

All debts are paid.

**Dinner** · January 15, 2021, 10:07

Ironically both Ny Gov Cuomo and now Chicago Mayor Lightfoot have said the shutdowns are too harsh and they want to reopen restaurants and most other businesses. Exactly what Republicans did months ago. Most of the red states reopened and did fairly well while blue states like California remained perpetually shutdown and experienced massive outbreaks. Shutdowns don't work because people eventually stop following them and you just end up devastating the economy while having an outbreak anyway.

**Kidlicious** · January 15, 2021, 11:06

They're pushing domestic terrorism hysteria now instead of pandemic hysteria so they might open.

**MichelDoms** · August 11, 2022, 04:48

Agree; it’s so sad. So many people have lost their jobs just because of stupid covid. No one ever cared about flu and other illnesses, which was fine. it’s natural thatthat some people die from sicknesses. It’s nature, and we can do nothing with it. however, I still had to lose my job because of it and search for a new one. Thanks to my hubby, we survived this period, and everything was fine. however, it slowed our finance plans, and now we have to pay for mortgage longer. I’m going to visit Equity Release Bristol consultation and hope it helps to improve the situation

**I AM I AM I AM MOBIUS** · August 11, 2022, 06:51

it doesn't help matters when democrats are psychotic paranoid delusional dragon ghost fiends making up fantasy realities

Biden met with historians who warned him about threats to democracy and compared the current moment to the pre-Civil War era, report says

https://news.yahoo.com/biden-quietly-met-group-historians-021811222.html

The historians warned President Joe Biden about the rise of totalitarianism around the world, sources told The Washington Post.

american institutions are a joke
american academics are a joke

pure drama
pure pure drama

those people care more about making sure facebook is still normal

Facebook a Hotbed of ‘Child Sexual Abuse Material’ With 20.3 Million Reports, Far More Than Pornhub

https://news.yahoo.com/facebook-hotbed-child-sexual-abuse-000242710.html

Peter Dazeley/GettyLast year, the vast majority of online child exploitation reports were found on Facebook, according to new data from the National Center for Missing and Exploited Children’s (NCMEC) CyberTipline. The study identified over 20.3 million reported incidents related to child pornography or trafficking (classified as “child sexual abuse material”) on the social media site. By contrast, Google cited 546,704 incidents, Twitter had 65,062, Snapchat reported 144,095, and TikTok found 22,692. Facebook accounted for nearly 95 percent of the 21.7 million reports across all platforms.Notably, MindGeek—the Canada-based parent company of porn websites like Pornhub, RedTube, and YouPorn—reported far fewer than Facebook: 13,229. Last year was the first year MindGeek participated in the study. Their involvement coincided with a year-long campaign called #Traffickinghub, which aimed to shut down their subsidiary, Pornhub, for its alleged role in perpetuating underage human trafficking. The campaign, which began in February of 2020, presented itself as a “a non-religious, non-partisan effort.” But it was organized by Exodus Cry, a fringe Evangelical group which The Daily Beast has covered extensively, that has spent years lobbying to abolish the entire commercial sex industry.Stop Listening to The New York Times and Start Listening to Porn StarsThe campaign was buoyed in part by an increased interest in eliminating child sex trafficking that gained momentum over the summer under the hashtag #SaveTheChildren. Born out of an independent fundraising effort for the century-old nonprofit of the same name, the movement was quickly co-opted by QAnon adherents and conspiracy theorists, boosting baseless claims about a global cabal of elite pedophiles that includes everyone from Tom Hanks to Chrissy Teigen.Despite its dearth of accurate data, #SaveTheChildren proved wildly popular—spurring summer-long protests across the country, many of them planned and promoted on Facebook. In recent years, the platform has become a hub for right-wing-oriented conspiracy groups—a trend documented by @FacebooksTop10, an automated Twitter account created by New York Times journalist Kevin Roose to track its most popular pages each day. “What sticks out, when you dig in to the data,” Roose wrote in an Aug. 2020 piece about the account, “is just how dominant the Facebook right truly is… The result is a kind of parallel media universe that left-of-center Facebook users may never encounter, but that has been stunningly effective in shaping its own version of reality.”The spike in concern comes across in NCMEC’s data: between 2019 and 2020, child exploitation reports to the CyberTipline increased by 28 percent. While companies still made up the majority of respondents, reports from the public “more than doubled.”Statistics on child exploitation can be deeply misleading. Most notoriously, the commonly-cited data point that “over 100,000 children in the United States are commercially exploited each year,” which was mentioned in a 2010 congressional testimony by the then-president of NCMEC, is based on decades-old data. It relied on two studies, both collected during the 1990s, which included runaways, abandoned kids, and unhoused children. One of the studies, a Washington Post fact-check found, was compiled in a way that allowed some incidents to be counted two or three times. When challenged, the former NCMEC president Ernie Allen pointed to a third report which estimated an average of 1.7 million missing children reported each year. But his findings neglected that 99.8 percent of those kids were later recovered.The CyberTipline operates somewhat differently: the centralized system collects reports from the public and “electronic service providers”—a category which includes social media platforms, but also companies like eBay, Dropbox, and Microsoft—each year. The latter group makes up the bulk of their data. Of more than 21.7 million reports reviewed by the CyberTipline in 2020, 21.4 million of them came from electronic service providers.But there are still points of confusion in the data. Both Pornhub and Facebook allege the data may also include duplicates. On their website, Pornhub claims the 13,229 statistic “includes several thousand duplicates, with most reports submitted multiple times in an abundance of caution.” The number of unique incidents, they allege, is 4,171. Facebook, likewise, released a statement claiming that 90 percent of the flagged incidents were “the same as or visually similar to previously reported content.” If accurate, that would bring their total to about 2,030,722—still by far the largest number in the data pool. Dan Kitwood/Getty High report numbers, the study notes, can be “indicative of a variety of things” including “how robust an ESP’s efforts are to identify and remove abusive content”—but also “larger numbers of users on a platform.” Facebook has many times more users than MindGeek. Data from Oct. 2020, shows that the former has 1.79 billion daily active users, while the latter cites just 115 million.“Eliminating illegal content and ridding the internet of child sexual abuse material is one of the most crucial issues facing online platforms today, and it requires the unwavering commitment and collective action of all parties,” a MindGeek spokesperson wrote in a statement to The Daily Beast. “MindGeek voluntarily registered with NCMEC to automatically report every instance of CSAM we are aware of so that this information can be disseminated to and investigated by authorities across the globe.”The day before the study came out, Facebook put out a press release titled “Preventing Child Exploitation on Our Apps,” announcing new measures to monitor child exploitation. The tools included informational pop-ups for related search terms, a policy for removing profiles associated with child-related flagged content, and an “involves a child” option for reporting “Nudity & Sexual Activity” on their platforms.“Using our apps to harm children is abhorrent and unacceptable,” Facebook’s release read. “Our industry-leading efforts to combat child exploitation focus on preventing abuse, detecting and reporting content that violates our policies, and working with experts and authorities to keep children safe.”Read more at The Daily Beast.Got a tip? Send it to The Daily Beast hereGet our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.

american academics enable the mass distribution of child pornography

they don't care

the universities only care about raping the students with price gouging schemes

https://www.collegian.psu.edu/football/joe-paterno-family-consistently-gave-back-to-penn-state-community/article_0da343c9-4c5b-5dc7-bae0-a530c752728a.html

and covering up because they believe no such person in their status can do wrong

america is a nightmare because of democrats
uppity democrats

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Mortgage delinquencies now at a 21 year high.

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