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Rent-seeking

evernoob

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Joined
May 21, 2020
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I love this Commie/Antifa term, and it's struck me in the ass again.

https://en.wikipedia.org/wiki/Rent-seeking

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I bounced the rent check. I thought I had an overdraft protection on my account. I knew I was $3 short, and I was looking at the $3 on my counter yesterday saying to myself "All I have to do is deposit this, but I have some other deposits coming in and they will give me 24 hour grace so..."

Last year I bounced a check, and I asked the Teller about the overdraft, and she confirmed that it was now set up correctly.

Turns out no. So I asked the teller over the phone to set it up, she says she can't.

I tried the internet. It says their overdraft application is down, go to the branch.

The branch is closed because of COVID.

So there is effectively no way to get the overdraft that they advertise AND TOLD ME THAT I HAD ON MY ACCOUNT.

That is Rent-Seeking behavior. They didn't invest anything. They didn't build anything. They just made up a rule and took money via that rule. That's it.


A Landlord is not really rent-seeking behavior, ironically, because they have rules and regulations which require investment. Slumlords are rent-seekers, because they don't put any money into the property, just collect rent. They don't build or maintain anything.

IBB is not rent-seeking behavior because at first, Austy had to pay $10 for his first month of virtual droplet, then $55 or whatever of a public security cert, then hours and hours of fucking with code that I can say from a user perspective has gone massively downhill in terms of usability and modularity,

Vertical Scope buying the old board is rent-seeking behavior. They collect rents, i.e. Ad revenue and membership fees, from boards they didn't build. They have old moderators to clean their shit messes. They don't have to build name recognition, userbase, nothing. There is an investment but unlike investing in GE, who will use the money to research a new gas turbine, VS just collects the rent.

Rent-seeking. I kind of hate that this is an anti-semitic meme because the owners of my bank aren't Jewish.
 
Are you fucking schizo? Seriously. The delusions of grandeur you display while spewing incoherent bullshit is concerning.
 
How about don't bounce checks like a 16yr old with their first checking account :flipoff2:

I know what a fucking asshole. I'm looking at the $3 I literally saved out to put into my account in case of a specific $3 overcharge I was anticipating.

And I said "Nah, I have that overdraft if the deposit doesn't come in I'm covered".

nope
 
If that's the case you need a new bank. That's their mistake.

Banks are open. :flipoff2:
 
Man I hope your account was three dollars short because you have several bank accounts and neurotically over-manage them as opposed to literally having just enough money to cover rent. Same as I hope you are renting because in your grand scheme of real estate investments it is cost effective to rent in the short term at the moment.

But I have my doubts.
 
I bounced the rent check. I thought I had an overdraft protection on my account. I knew I was $3 short, and I was looking at the $3 on my counter yesterday saying to myself "All I have to do is deposit this, but I have some other deposits coming in and they will give me 24 hour grace so..."

Last year I bounced a check, and I asked the Teller about the overdraft, and she confirmed that it was now set up correctly.

Turns out no. So I asked the teller over the phone to set it up, she says she can't.

I tried the internet. It says their overdraft application is down, go to the branch.

The branch is closed because of COVID.

So there is effectively no way to get the overdraft that they advertise AND TOLD ME THAT I HAD ON MY ACCOUNT.

Well, you "thought" wrong and it cost you. If you have in writing somewhere that you have overdraft protection and they did not utilize it in this case then you have something to bitch about to them in person.

Was the branch that was closed the only branch? I assume not, so get to driving. Banks are a bit like casinos. They are not there to provide a service they are there to make a profit off of the uninformed or unmotivated to follow the rules of the game.


Also-Technically you have admitted to writing a bad check since you knew you were $3 short.
 
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Same as I hope you are renting because in your grand scheme of real estate investments it is cost effective to rent in the short term at the moment.

But I have my doubts.




Home ownership is not for everyone


Lemme explain.



Owning a home comes with responsibilities.

Taxes, Repairs, Improvements.

Just to name a few...



When one rents while that stuff doesn't necessarily go away it is not the renters responsibility.

Water heater starts leaking...Call the landlord.

Roof leaking...Call the landlord.

City wants to change easement...landlord.



My wife and I rented for a long time to avoid the extra cost of home ownership.

Now that we are in a great place we own our home.
 
Back in the day, I got a summer job doing maintenance with the town crew...

I went to Barclay's Bank to set up an checking account, right? For some reason the bank charged $5.00 a month to print & send you a monthly statement via snail mail.

I bought a 6pk of Genesee 12 Horse Ale & some grub at local grocery using the checks... I get a notice from supermarket that I bounced a check & received the bank statement early(?) that month. What happened was I got shafted since I didn't have the $5.00 sleeping in the vault to pay for the fee for the end of month paperwork, but I had an extra week that month. I think the fuss was over .87 cents.

So yeah, I complained & got the runaround. Feeling the butthurt & closed out the account.

Fast forward a couple of years, Barclay's was an Afrikaan bank & was getting the brunt of a boycott over the Apartheid stuff.

I know, cool story & paid the dummy tax-
 
Not to mention renting also allows you freedom of movement. You don't have to go through the hassle of buying and selling a new house every time you moved.

A lot of people say the best time of a person's life is when they're a kid. Others say when you're in highschool, or college. The best time of my life was when I had a real adult money job, no kids, no house, barely any responsibilities and did what I wanted. I rented a place at the beach that was a great location but built on a shitty foundation in the sand , surfed, rode, whooped it up every weekend, went wheeling when I wanted(and my junk was running). When I was done having my fun, I didn't have to worry about how I was going to sell the somewhat sketchy property, I just gave my notice to the landlord and they did a walkthrough, and even gave me my deposit back because I didn't trash the place. Win win win.
 
Wow bro you really need to make some life changes if you are $3.00 away from bouncing a payment.

I am far from the most responsible person on this board but I have not bounced a payment of any type in my entire 30 years as an adult.

I do not know my balance in my bank (I have a general idea)

I put all the money I make in there then have everything I do come out with automatic payments.

You need to either make more or spend less but both of those will be best.

All I do is save money by spending less.

I bought a deep freezer so I can buy my meat in bulk.

I use coupons for everything.

My outdoor sneakers (around my house) finally are beyond use, I am stopping at Goodwill in a little bit and getting a pair of used shoes for $6

I could easily drive a $100k car, I drive a $3k beater instead.

My shirt has holes in it, but I threw a jacket that I bought in the middle of the summer 3 years ago over it so I can wear it today.

My cell phone plan (from Tello) costs $7 per month

I am sitting here at my office today doing some work, I have a natural gas central heat here, I have never turned it on, currently a nice 59 degrees in here.

SAVE SAVE SAVE, it makes everything else easier.
 
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I didn't see anyone else mention, that while you may have overdraft protection on your account, the bank is going to charge you $30+ for the privilege of covering that hot check you wrote.
 
Man I hope your account was three dollars short because you have several bank accounts and neurotically over-manage them as opposed to literally having just enough money to cover rent. Same as I hope you are renting because in your grand scheme of real estate investments it is cost effective to rent in the short term at the moment.

But I have my doubts.

Yes to the first part, no to the second part.

I didn't see anyone else mention, that while you may have overdraft protection on your account, the bank is going to charge you $30+ for the privilege of covering that hot check you wrote.

I got that back. Part of a 24-hour grace period.

But now my rent check has bounced and what if they get a charge?
 
Home ownership is not for everyone


Lemme explain.



Owning a home comes with responsibilities.

Taxes, Repairs, Improvements.

Just to name a few...



When one rents while that stuff doesn't necessarily go away it is not the renters responsibility.

Water heater starts leaking...Call the landlord.

Roof leaking...Call the landlord.

City wants to change easement...landlord.



My wife and I rented for a long time to avoid the extra cost of home ownership.

Now that we are in a great place we own our home.

Oh I'm aware. I just took an easy shot at noob, because noob. If you took it as a shot to you as renter, hey- bonus. :flipoff2:
 
I know what a fucking asshole. I'm looking at the $3 I literally saved out to put into my account in case of a specific $3 overcharge I was anticipating.

And I said "Nah, I have that overdraft if the deposit doesn't come in I'm covered".

nope

Serious question, how old are you?
 
Wow bro you really need to make some life changes if you are $3.00 away from bouncing a payment.

I am far from the most responsible person on this board but I have not bounced a payment of any type in my entire 30 years as an adult.

I do not know my balance in my bank (I have a general idea)

I put all the money I make in there then have everything I do come out with automatic payments.

You need to either make more or spend less but both of those will be best.

All I do is save money by spending less.

I bought a deep freezer so I can buy my meat in bulk.

I use coupons for everything.

My outdoor sneakers (around my house) finally are beyond use, I am stopping at Goodwill in a little bit and getting a pair of used shoes for $6

I could easily drive a $100k car, I drive a $3k beater instead.

My shirt has holes in it, but I threw a jacket that I bought in the middle of the summer 3 years ago over it so I can wear it today.

My cell phone plan (from Tello) costs $7 per month

I am sitting here at my office today doing some work, I have a natural gas central heat here, I have never turned it on, currently a nice 59 degrees in here.

SAVE SAVE SAVE, it makes everything else easier.

Pretty much all of this.
How the hell can a grown ass man be living paycheck to paycheck? Quit buying stuff you can't afford. And when money does come in don't get all :mr-t: rich and think you have to spend it A.S.A.P. If i get down to 10-15k in my bank account I start pinching pennies like Scrooge McFuckinDuck. Of course I have some large operating costs to cover at times as well, so I need to have at least some buffer in there or else things can get out of hand quickly. Someone without those costs could set a lower threshold for themselves, but generally the more the better.
 
How the hell can a grown ass man be living paycheck to paycheck?






Pretty easily actually.



When a person grows up broke as fuck with no real education on money and watched their parents live like that they figure that's the way the world works.



Another way to live paycheck to paycheck is go through some real life shit.

Perhaps a real shitty divorce followed up with a job loss and lack of attainable employment.

Bad planning or a forced move.


The ways are countless really.
 
Couldn't live that way...over $3? Wow. Maybe take this as a lesson learned and keep an extra month's expenses in your account all the time. I personally keep at least 6 months and have more like 12 right now even after allocating money to a new vehicle purchase.
 
Pretty easily actually.

Youtube has been recommending a lot of Dave Ramsay clips to me recently, It's amazing the financial shit people get themselves into and the different excuses and reasoning they use to keep it up. We humans have an amazing ability to lie to ourselves about how we act and where it gets us. I'm no DR fanboi but it sounds like Everbroke would be a good candidate for his preaching.

That said, I've been a broke kid who has bounced checks, had jobs but not made enough to cover my bills, and know the feeling of banks prioritizing how money moves in your account to maximize the charging of fees. Now that I'm older and far better off financially, I'm glad I've held on to my cheap-ass ways.
 
I love this Commie/Antifa term, and it's struck me in the ass again.

https://en.wikipedia.org/wiki/Rent-seeking

98h76jz.jpg
wAAACH5BAEKAAAALAAAAAABAAEAAAICRAEAOw==


I bounced the rent check. I thought I had an overdraft protection on my account. I knew I was $3 short, and I was looking at the $3 on my counter yesterday saying to myself "All I have to do is deposit this, but I have some other deposits coming in and they will give me 24 hour grace so..."

Last year I bounced a check, and I asked the Teller about the overdraft, and she confirmed that it was now set up correctly.

Turns out no. So I asked the teller over the phone to set it up, she says she can't.

I tried the internet. It says their overdraft application is down, go to the branch.

The branch is closed because of COVID.

So there is effectively no way to get the overdraft that they advertise AND TOLD ME THAT I HAD ON MY ACCOUNT.

That is Rent-Seeking behavior. They didn't invest anything. They didn't build anything. They just made up a rule and took money via that rule. That's it.


A Landlord is not really rent-seeking behavior, ironically, because they have rules and regulations which require investment. Slumlords are rent-seekers, because they don't put any money into the property, just collect rent. They don't build or maintain anything.

IBB is not rent-seeking behavior because at first, Austy had to pay $10 for his first month of virtual droplet, then $55 or whatever of a public security cert, then hours and hours of fucking with code that I can say from a user perspective has gone massively downhill in terms of usability and modularity,

Vertical Scope buying the old board is rent-seeking behavior. They collect rents, i.e. Ad revenue and membership fees, from boards they didn't build. They have old moderators to clean their shit messes. They don't have to build name recognition, userbase, nothing. There is an investment but unlike investing in GE, who will use the money to research a new gas turbine, VS just collects the rent.

Rent-seeking. I kind of hate that this is an anti-semitic meme because the owners of my bank aren't Jewish.

So all this past bragging about how succesful you are and have all this vast education, experience and connections and you cant clear your basic necessities on a monthly basis? Youre such a loser douchebag its pathetic.
 
Pretty easily actually.



When a person grows up broke as fuck with no real education on money and watched their parents live like that they figure that's the way the world works.



Another way to live paycheck to paycheck is go through some real life shit.

Perhaps a real shitty divorce followed up with a job loss and lack of attainable employment.

Bad planning or a forced move.


The ways are countless really.

Lots of people end up living paycheck to paycheck for lots of reasons. Everdouche however has made a point of bragging about how awesome he is and his great career and his success that he deserves all the ridicule that can be heaped upon him.
 
Pretty easily actually.



When a person grows up broke as fuck with no real education on money and watched their parents live like that they figure that's the way the world works.



Another way to live paycheck to paycheck is go through some real life shit.

Perhaps a real shitty divorce followed up with a job loss and lack of attainable employment.

Bad planning or a forced move.


The ways are countless really.

I was raised by my mom by herself.

I was taught seriously the dumbest money skills ever.

We were evicted out of ever house I have ever lived in until I moved out at 17

I paid off my moms house about 15 years ago, she currently owes $300k on a house worth around $300k

We all have the ability to make our own way.

You have the ability to learn from everyone, sometimes learning what not to do is the most important lesson we can get.
 
Had someone bounce a four figure check on me the other day, cost me $12. A simple phonecall/text of "can you wait a few days for my funds to clear" would've been perfectly acceptable. Good guy and we worked it out, but more trouble than it should be.

That's an awkward conversation to have on my end. Sometimes shit happens, sometimes you need to take personal responsibility. The latter is a fleeting concept.
 
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