In the discussion thread: So you're visiting a college campus. What would you ask? [View all]
Response to NoOneMan (Reply #22)
Mon Jan 28, 2013, 11:39 PM
mbperrin (7,672 posts)
27. Yes, the nation as a whole is still mired in yesterday's energy. 26% of Texas electrical
generation is wind, and that includes nearly 1/4 of the generators shut down waiting on enough transmission lines to be completed to carry their load. These lines will be complete by March, and then we will cross the line on about 35% of our generated electricity. This is the future.
Your debt definition is simply nonsense.
Here: you borrow money to build a house. The house is built, in fact, millions of houses are built. Then, all the debtors simply refuse to pay. Houses are still there, and they will be distributed to somebody at a huge discount after they are repossessed. Banks never follow real ways to maximize their sales, because they are going to simply write it off their taxes anyway.
This is how I bought a small apartment complex years ago. People defaulted on a $500,000 debt. The bank auctioned it - there were two bidders, and I got it for $50,000 cash I had saved. Spent another $10,000 bringing it up to standard. Rents on these 8 units over the last 19 years are more than $1.5 million dollars. Now where did that debt go? Up into accounting smoke. Where did the apartments go? They're right there, earning rent every month. See? The debt was irrelevant. The real property is what matters.
And your action call will not happen because people are not going to consume less energy - instead, generate energy with no emissions - wind and solar. My bill is 70% lower than it used to be because I switched to a company that uses wind instead of coal and nuclear. Emit less, don't generate less.
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Yes, the nation as a whole is still mired in yesterday's energy. 26% of Texas electrical
|Still Sensible||Jan 2013||#7|
Please login to view edit histories.