No one wants to go back to WORK or to stop working form HOME.

This. As a real estate investor, I can't emphasize enough how little profit there truly is per unit typically. If you have borrowed to purchase the property (have a mortgage), $100-$300/month cash flow is typical (profit after hard and budgeted expenses). You have to get a stellar deal to do much better than this. If you purchased with cash, your cashflow might be better, but your cash-on-cash return on investment can be wiped out pretty quickly. Either way, one bad tenant, or large repair that comes sooner than you budgeted for (like a roof that does not last as long as predicted) and your profits can be wiped out completely for years to come.

Also, there is always the risk that a tenant will trash the place and disappear, devaluing your property, wipe out previous and future profits and leaving you with little recourse to recover the damages.

Whatsitting wrote:

It's interesting because most people working nowadays are actually mostly sitting in the office all day long.

Unless you have some manual jobs like waiter, or carpenter etc.

So you'd rather sit all day long in an office rather than in your home ?

Interesting.

I will say that one advantage to being in the office was that I would get up and walk around every couple hours at the least. I'd often take the stairs from the 4th floor to the 1st, use the bathroom, walk to the other end of the building and go up the other stairwell and back to my cubicle. Don't have as much room to roam at home. Going outside is tedious as I have to put on shoes, a jacket, ... pants.

r2k83 wrote:

Whatsitting wrote:

It's interesting because most people working nowadays are actually mostly sitting in the office all day long.

Unless you have some manual jobs like waiter, or carpenter etc.

So you'd rather sit all day long in an office rather than in your home ?

Interesting.

I will say that one advantage to being in the office was that I would get up and walk around every couple hours at the least. I'd often take the stairs from the 4th floor to the 1st, use the bathroom, walk to the other end of the building and go up the other stairwell and back to my cubicle. Don't have as much room to roam at home. Going outside is tedious as I have to put on shoes, a jacket, ... pants.

So, how does walking around at work without shoes or pants go?

People are abusing the system. My wife's receptionist refused to come back to work (making more money on unemployment). Her cousin's receptionist refused to come back to work (making more money on unemployment). My neighbor's mortuaries had three embalmers quit (figure they can make more on unemployment). The onus for reporting that they turned down a job offer is on the employee, so they figure they can get away with it. The level of fraud is likely off the charts based upon our first hand experience. On the one hand it is discouraging as people are leaving us in a temporary lurch. On the other hand, they are doing us a favor, as based upon the new guidelines released by the state, we will only be able to utilize about half of our facility initially (and only about 70% of our staff) anyhow. These fools are putting themselves in a horrible position as we had 105 applicants in the first two days that we advertised the position. Once states start cracking down on these lazy fools, they will be in a world of hurt with no job, no unemployment income coming in and nobody hiring for years.

Wait until all these companies figure out they can just outsource those jobs to China and India since they're realizing all the work can be done remotely. People begging to work from home permanently are digging their own grave.

appleswan wrote:

back in my day we ran to school 10 miles backwards uphill wrote:

It is modern slavery but wealth redistribution promotes laziness.

Instead everyone should be given their own plot of land to farm. You can stay at home but if you don’t work the land you don’t eat.

Remember that we should all be in favor of wealth redistribution, it’s just the mechanism which we argue about.

When I buy a coffee, that’s me redistributing wealth from my salary to another.

And by the way, the idea that we all have equal access to economic production (land) if a much more left-wing idea than universal basic income!

Coffee shops are open if they want to be open. To go.

Idel wrote:

r2k83 wrote:

I will say that one advantage to being in the office was that I would get up and walk around every couple hours at the least. I'd often take the stairs from the 4th floor to the 1st, use the bathroom, walk to the other end of the building and go up the other stairwell and back to my cubicle. Don't have as much room to roam at home. Going outside is tedious as I have to put on shoes, a jacket, ... pants.

So, how does walking around at work without shoes or pants go?

Already have them on, obviously. Although I have known some people that will take their shoes off in the office at times. Have also heard stories of a guy that worked in the server room (couple of workers, needed permission to enter) in his underwear and rubber boots 20+ years ago. Apparently he quit after they hired a woman to work back there and told him he'd have to keep his pants on.

Can't dispute any of this, but it's just a description of the system.

You can buy property, renovate and re-sell for profit. But investing to provide rental income is an economic dead-weight. the economy relies on actual sales not the 'potential sale price'. This is similar to producing a physical good but not selling any - physically produced potential value but unless it's sold the economic value is $0. Until you sell, the roof repairs you do is just keeping your stock intact. It's just you're using your tenants to make this happen and also gaining $100-$300 a month more than the value you've produced.

I don't totally think UBI is a great idea but I find it funny how people don't like it because it's 'something for nothing' but will respect you for being 'smart'.

Well I have been working from home; looking forward to being back in the office. So you are wrong.

people saying 'no one wants to go back to the office to work' probably doesn't have kids.

trying to work with young kids wanting your attention is a very rough go.

https://www.nytimes.com/2020/04/27/nyregion/coronavirus-homeschooling-parents.html?action=click&module=Top%20Stories&pgtype=Homepage

Univeral Basic Income NOW wrote:

Going to work is just modern slavery.

This could be a troll post but I have talked to many people who are enjoying the work situation during the current lockdown. They work from home, get up later, work less hours, etc. However, I don’t know if these same people are thinking about how substantial this situation is long term.

If companies find out they don’t really need you as much as they thought they did they will let you go or cut your pay.

Wait you are arguing that UBI is no different than me paying for anything other than a tangible product that the seller themselves produced? Because that’s what your nonsense posts seem to state.

vistr wrote:

Wait you are arguing that UBI is no different than me paying for anything other than a tangible product that the seller themselves produced? Because that’s what your nonsense posts seem to state.

That is pretty much what I'm arguing. Remember services are tangible as you're paying for labor, expertize, etc.

Suppose you bought land straddling a river and start to charge boats to enter your stretch. Sure, you could make the river bank prettier but this only increases/maintains the value of your land.

When it's sold to someone else you'll receive the value of the asset but you'll also have received rent for the duration of your ownership.

It's unproductive as in total you've received more than the market value of your asset.