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It’s also partly due to the fact that the share of global income going to workers in the developing world is increasing, relative to workers in the developed world. Get used to that was well. Basically, with advancements in technology and transportation (itself a form of technology), the price of labor isn’t simply driven by demand for and available supply of human labor. There are two substitutable inputs - machines and foreign labor. Wages won’t go up to the extent that it becomes more expensive than investing in automation. It’s already pretty clear that a $15 minimum wage would eliminate tens of thousands of fast food jobs, for instance - at that level, touchscreen ordering kiosks and burger-flipping robots become more cost efficient. There has always been an element of this, at least since the Industrial Revolution, but you still needed weavers to run the looms. And it’s not a hypothetical either. In India, they still have human beings crushing rocks to make concrete, despite having the technology, because the economy is so inefficient and labor is so cheap that it doesn’t make sense to invest in machines. In Switzerland, you already order from a kiosk at McDonald’s and there are a lot fewer employees than in an American location. Point is, I don’t think this should be mistaken for a temporary blip. Especially as more and more human jobs become possible to automate. This isn’t just manual labor - trading jobs are disappearing on Wall Street, too. |
I'd like to get into an investment such as you describe. How did you know that the first $135k two flat just outside of Logan Square would be profitable, after spending money to renovate it?
When you say you spent 30 hours a week renovating it, how did you learn how to renovate an apartment building to proper code? Were you physically doing electrical work, plumbing work, installing windows, and chopping lumber? Or did you hire laborers? |
Damn, you guys just aren't capable of not continuing off topic discussions on a thread, are you?
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I grant you, yes, it's possible and easier than some other places in the world. But the fact that it doesn't happen all the time is empirical proof that it's not as easy as you think. It definitely feels better to wash yourself clean of any potential negative externalities of your actions though. I know I do that every time I fly. Now THAT is one of the easiest things in the world to do. |
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Plus, too many Americans at the bottom aren't even trying. I see them every day--my patients, who are practically all lower income. One after another after another able bodied people who want me to fill disability benefit and handicapped placard paperwork for them even though they truly don't qualify. I still fill them out--every single time. I'm guessing I don't have any exposure to this population, though, and I live in a "bubble" right? :rolleyes: |
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I see them every day. I spend hours a day talking to them about their lives. I actually help them, too, but it pisses me off how our system gets taken advantage of. I certainly have more direct and personal access to this population than most people of my economic background. |
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Otherwise, I couldn't agree more that Democrats have lost all credibility after Clinton, and racism in both parties has left behind people of color. What the Democratic party needs is a progressive wave to purge the neoliberals and replace them with defenders of social justice and stewards of planet earth. "Loving the poor" is really just giving people the opportunity to get ahead with some basic essentials - affordable health care and college and equal opportunity under the law. Upward mobility is in fact the cornerstone of liberal democracy. Since Reagan cut the highest marginal tax rate from 70% to 50% in 1981, and then to 28% by 1987(!), that cornerstone has eroded. So far from picking pockets, the GOP has actually sacrificed the public good for wealthy interests. Whenever we drop the highest marginal tax rate and deregulate Wall Street, we witness massive inequality followed by some great economic shock: Great Depression, recession of early 90s, and the Great Recession. These were not natural corrections - they were a direct result of plutocratic policies - and so too is the rise of Trumpian fascism. |
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But I find it frustrating that you sort of discount and trivialize the experiences of us forumers who have done well for ourselves as random anecdotes. The simple fact is, most of the people I know that aren't 1%'s still do ok for themselves. But they chose professions and walks of life that were known to not be particularly lucrative. Whereas those of us who did climb into the top 1% made different life choices, and getting there was excruciatingly hard. And there was no guarantee of success. Just like TUP, I became a doctor. On Friday nights when everyone else was chasing women, inhaling beer bongs, and generally dicking around and having fun, I sequestered myself in the library to study Organic chemistry. Every time I walked into a test, I felt like my life depended on it, and even getting a B+ would completely ruin my chances of getting into medical school. The thought of being ordinary was simply unacceptable. And here's the thing. Even after 14 years of college, medical school, internship, residency, and fellowship, it's not like I cashed in my golden ticket and was given a pile of cash. I still work my ass off, doing a complicated job where people lives depend on the care I provide. But since you previously talked about Chicago public teachers, I'll tell you another story. My brother was a high school teacher in South Holland for a long time. And I will tell you, his college experience was very different than mine. He pretty much coasted on a beer keg throughout college. Smoking pot, screwing his girlfriend, and skipping class; taking 5 years to graduate from the University of Iowa with a C+ average. And in the end, he was still making something like 90k a year. Putting in a fraction of the effort I did. Don't discount our personal stories as irrelevant anecdotes. Most people in the 1% are here because of life choices, intellect, hard work, and self reliance. If we don't achieve one of our goals, we blame ourselves. Unlike you, who always seems to blame the system. Those of us who made something of ourselves don't look at the system as a roadblock. We see it as a construct to be learned and channeled. |
^Any Mods wanna mod that outburst?
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Why is this off topic conversation still going on?????
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Bring data and sources not anecdotes and stories. I have tried to cite every claim I've made in this discussion, those who disagree have not provided counter evidence just personal stories. |
^ I literally just filled out a BLS survey last night asking about my employees and company reveune. The Feds start sending you mean letters if you don't respond to their survey, so I finally went through the brain damage of setting up an account on census.gov to answer their damn questions.
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Then I used the income from this property to get another 3 flat a few blocks away which I completely gutted. Took me the whole summer of 2012 to do, at this point I had a roommate who was unable to find a job living with me and he earned his keep by essentially being an indentured servent until he found a job. He was a friend of mine from college and put in a good 3 months of hard labor before he landed a job in his field of choice. A lot of the early work I did was safe, but not necessarily to code. I now know code well and have learned it through experience and lots and lots of YouTube. The biggest bit of help I had was that my Dad was unemployed for about 5 years starting in 2008 and put many long weekends and a couple of full weeks helping me out. He worked as a carpenter for two years before deciding to go to college so he taught me a lot about rough carpentry, but all the finish work, plumbing, electric, etc was just me learning how to do things the hard way. I even installed an entire mini-split AC system by myself. Quote:
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I have 1 piece of advice: if you plan to do what LVDW does, make sure the building you purchase doesn't have a bunch of outstanding violations. If it does, the city and the courts will be on your ass like a dog in heat, and you'll never be able to accomplish anything. Do some research before buying and make sure that a property has no active violations, or if it does have them they should be very minor and easy to remedy (no ownership sign posted, a broken window, etc) easy to fix and not requiring that inspectors have to come in and walk through your entire property. Once you establish that, whack away and do whatever you are capable of doing. Doing your own construction (if you're good at it) is the best way to save money, IMO. That was never an option for me. |
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Unfortunately this is how I know exactly how out of whack Chicago's building code is. Used to be no PVC, no BX, no vinyl wiring, etc. First few wiring projects I used some BX or vinyl, then I learned how to bend conduit and have used that since. I still do improvement projects on my first building/home probably once a quarter. I leveled all the floors and stairs in my entire enclosed porch a few years ago and just got around to upgrading that plywood to solid oak with a solid oak Bannister this spring. I'm going to add oak trim and AC to the porch once the weather cools down this fall. No matter how much bigger my business gets, I'll never be able to resist the sheer pleasure of seeing something from nothing with my own hands. |
In all my years I have never heard of a varmint biting through PVC pipes or BX electrical. The other options are clearly more expensive the only reason I think they still use Cast Iron drain and vent pipes and metal electrical conduit piping in Cook County is because they could be more resistant in fires. That and it pays a better Union wage to install. Or a combination of both. Most Collarland counties do not prohibit PVC or BX. Dry vent PVC pipes under extreme fire can be highly flammable. BX not really that much at all. Conduit will protect the plastic covered copper wires a bit longer in a small fire but in a large one they are both toast. Whereas Cast Iron pipes will be salvageable to be cheap metal scrap post a catastrophic fire.
The point when PVC can be ignited in the hottest fire is black and toxic no doubt, like burning a roll of carpet rapped around old worn out tires type of burn. Btw I’m not talking about pvc water lines but the 4-3 inch drains and pluming vents. Anyone interested in the toxins like dioxan and chlorine released from burning pvc polyvinyl chloride can google it rather easily. All incoming water supply’s are copper. Old hundreds of year old lead pipes from the street can be lead pipes but risk to lead contamination is not a real issue. They form a lead oxide inside the main that prevents leaching in a mater that could be harmful. We are not talking about flint like water issues here in Chicago We have one of the best water delivery systems in the world. |
Cast iron eventually rusts away and needs to be replaced, while flex conduit is a lot easier to do oneself than solid conduit. Its essentially job security for union plumbers and union electricians.
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Cast Iron should have a shelf life of 75 to 100 years. Unless its a very old property they should not have to be replaced before than.
https://www.houselogic.com/organize-...eir-lifespans/ PVC on the other hand has no life span as far as we know it. Right now they are classified as " Indefinitely" which could mean over a thousand years. Who knows really how long PVC can last, for now we at least know it is a very long time. Not Geologicly long but for several centuries at the least. |
I've seen cast iron waste pipes less than 50 years old rust away to the point they need to be replaced. PVC is a much smarter solution, but don't expect the code to change on that anytime soon.
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The greatest irony of lead water lines in Chicago is that, due to our glacial pace of building code reform, they were required to be lead up until 86 almost a full decade after lead paint was banned by the federal government. I just looked at a building that had a really nice 2.5" line put in in 1983 that was solid lead.
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My grandparents house in Florida had cast iron pipes and after only 20 years they were all leaky and had to be replaced with PVC.
Wow, LouisVanDerWright you sound like a real hard worker like my uncle, he's also very successful and never stops working. Glad you've found success, you deserve it! I know most people don't have a drive like that, to work so hard. I helped a company install AC units in Florida one summer, and just trying to help them install a system was pretty complex. That's amazing you figured that out on your own wow! I think I'd have to hire a contractor to do the work. How do you figure out if you buy a building it will be profitable? Would we be able to talk offline about it sometime? |
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covering those tracks, while costly, would really be amazing. come on mr. griffin let's open that wallet baby.
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Yeah was just thinking that. Cover them and the towers will come. Hope this happens in the next 25 years.
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The city might have missed its chance to have someone else pay for it though. They should have been offering big density bonuses to the developers of all of these plots overlooking the southern half of the in exchange for contributions to a fund to pay for covering the tracks. |
When they can already build to the limits of federal airspace under the current zoning, what sort of density bonus could be offered?
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Personally I hope they never cover those tracks. Chicago was historically (and still is currently) the largest railroad hub in North America, and one of my favorite things about Chicago is how much of the city’s massive industrial and railroad infrastructure is out on display, either deliberately or by a happy accident. Those tracks have run through Grant Park since there was a Grant Park. Sure you could try to cover them up and make the park look a little bit nicer, but the result just wouldn’t be Chicago.
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To each his own, however, I would get over such bygone romanticism real quick in this case.
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I always thought a cool concept would be to cover all of the tracks except where they go under the Art Institute. That way they would sort of be preserved in the open and reflect the heritage of rail.
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I always thought that the tracks added to Grant Park.
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Even if you’re talking about aerial photos (which is silly, because 99% of people don’t observe the park via aerial photos), I don’t see how that’s the case. At ground level, they’ve done their best to make them invisible, so at the very best they are simply wasted space and a blight for pedestrians walking from the Loop (because American cities tend to do a poor job of hiding their infrastructure; in Europe there would be an attractive brick wall). |
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the exposed IC trench through GP has never bothered me very much.
i mean, i wouldn't mind if it were decked-over, but it's a low-priority thing in my mind. i'm FAR more disgusted by the obscene widths of the columbus, monroe, jackson, & balbo auto-sewers. |
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Grant Park has many gaping scars, both below grade railroad tracks and at grade multi lane roadways. I do not like the tracks, but boy howdy do I despise the roads that cut the park up into a checkerboard of green. Removing the roadways is definitely the bigger priority, but the tracks should eventually be addressed as well, IMHO.
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Yeah, the tracks are low priority and it's kinda cool to see the history of those tracks and, in all fairness to the tracks, they were there first.
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The tracks sprawl out more on the south end and take up alot of space that could be parkland. Near the Art Institute they aren't so bad. I'd like to see the roadways eliminated or reduced and lake Shore Drive put in a tunnel, so that you can walk freely to to the lake from Buckingham Fountain. Then have the lakefront as a promenade with more cafes and vendors like they are adding along the river.
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Cover the Grant Park tracks or cap the Kennedy?
I would cover the tracks, it gives more continuous open space. |
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Look how much more Grant Park there is in this shot if covered. An the ease of access.... https://c2.staticflickr.com/2/1839/4...aa997236_h.jpg http://yochicago.com/the-kennedy-cap...ds-cave/28434/ http://i.yochicago.com/images/hpmain...?preset=yosize |
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Well, the South Lake Shore Drive buses get fucked up whenever Columbus is closed. But if there was fare integration with Metra (and better Metra Electric Service), they'd largely be unnecessary.
Or if there was a fucking bus lane on Michigan. |
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I like the tracks, especially around the Art Inst., but I would cover them to the south near the new towers going up, where the curve is. Larger area as well.
And capping at least one key segment of the kennedy would build a better link for walking to west loop |
^ Yeah I wouldn't mind keeping the tracks by the Art Institute uncovered (between Monroe and Jackson). Otherwise, cover the rest. Finish the job that Millennium Park started two decades ago
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Crown Fountain
August 21, 2018
![]() Crown Fountain branching out beyond faces into displays of cryptic software error messages. |
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