Quote from: cwf1701 on April 16, 2024, 10:06:41 PMIn Macomb County, I-696 is sometimes referred to by the road it was built over, 11 Mile Rd.I-696 is known as the Ruether Freeway. 11 Mile is the service drive.
Quote from: SEWIGuy on Today at 09:00:31 AMQuote from: kernals12 on Today at 08:52:09 AMQuote from: SEWIGuy on Today at 08:48:16 AMQuote from: kernals12 on Today at 08:27:16 AMQuote from: kalvado on Today at 08:15:24 AMSo, how do you view mortgage in general? Right now, it's a loan with certain financial terms - interest rate, payoff period etc. Real estate component is just backing the loan for bank's "peace of mind". Risks of property ownership are still on a borrower, abet insurance is required.
You propose to tie in real estate much deeper into the equation. Can you describe full legal framework? What are the right of the bank in this scheme?
It would turn mortgages into a more equity-like product, the value of them would rise and fall with the value of the underlying asset.
If a borrower defaults, then the bank forecloses, sells the house and makes a profit or loss equal to their share of the equity.
A mortagage should not be an "equity like product." A house should be. A mortage is just a loan.
Any financial advisor will tell you that you need to have a diverse portfolio. Having hundreds of thousands of dollars tied up in a single asset is not a diverse portfolio.
But you are suggesting that it would be better to create more uncertainty around that asset because you don't know what it will ultimately cost you. You are suggesting that people should commit to paying for an asset for as much as 30 years without any knowledge of the true cost of that asset when you make that commitment. No financial advisor would think that is a good idea.
And you are also overlooking the fact that part of why you take out a mortgage is because you are paying for a place to live.
This is just a really bad and impractical idea.
Quote from: plain on Today at 12:53:23 AMQuote from: Rothman on Today at 12:44:53 AMQuote from: plain on Today at 12:38:55 AMQuote from: Black-Man on May 04, 2024, 10:04:52 PMQuote from: SP Cook on April 17, 2024, 09:17:11 AMYou might want to check your facts. While the cities of Charleston and Huntington are in decline...Facts?
Pittsburgh metro: 2.35 million
Cleveland metro: 2.06 million
Columbus metro: 2.16 million
West Virginia: 1.77 million
There is no justification for Huntington-Charleston to be connected by a 6-lane interstate highway. It's a misallocation of resources that probably should have been invested in the eastern panhandle.
The Charleston-Huntington CSA (Combined Statistical Area) has a population of over 600k, and most of that population is within 15 miles of I-64. That alone is enough to justify the 6-lanes throughout the stretch between the two cities. Add thru traffic and that further justifies it.
I've driven that stretch plenty of times myself, and I'd say it's time.
Those metro areas you listed has multiple multi-lane expressways serving them, while that particular part of WV (especially the western side) don't.
Again, comparing to similar areas in MA, no.
Do those similar areas in MA have a similar percentage of long distance trucks slowing things down? On very hilly terrain?
Quote from: plain on Today at 12:53:23 AMQuote from: Rothman on Today at 12:44:53 AMQuote from: plain on Today at 12:38:55 AMQuote from: Black-Man on May 04, 2024, 10:04:52 PMQuote from: SP Cook on April 17, 2024, 09:17:11 AMYou might want to check your facts. While the cities of Charleston and Huntington are in decline...Facts?
Pittsburgh metro: 2.35 million
Cleveland metro: 2.06 million
Columbus metro: 2.16 million
West Virginia: 1.77 million
There is no justification for Huntington-Charleston to be connected by a 6-lane interstate highway. It's a misallocation of resources that probably should have been invested in the eastern panhandle.
The Charleston-Huntington CSA (Combined Statistical Area) has a population of over 600k, and most of that population is within 15 miles of I-64. That alone is enough to justify the 6-lanes throughout the stretch between the two cities. Add thru traffic and that further justifies it.
I've driven that stretch plenty of times myself, and I'd say it's time.
Those metro areas you listed has multiple multi-lane expressways serving them, while that particular part of WV (especially the western side) don't.
Again, comparing to similar areas in MA, no.
Do those similar areas in MA have a similar percentage of long distance trucks slowing things down? On very hilly terrain?
Quote from: Ted$8roadFan on Today at 06:01:32 AMQuote from: Henry on April 22, 2024, 03:16:58 PMQuote from: Stephane Dumas on April 22, 2024, 01:43:12 PMActually, it's been 31 years now, with the 1993 Montreal Canadiens being the last of their kind to win the Cup. That was a banner year for sports in Canada, as the Toronto Blue Jays repeated as World Series champions in October.Quote from: epzik8 on April 21, 2024, 07:13:56 PMI see this hasn't been posted in for almost two months. It's playoff time again...
Yeah, let's see if the Stanley Cup will return in Canada after 30 years.
The Boston Bruins were able to avoid humiliation (for now) by beating the Maple Leafs 2-1 in overtime in last evening's Game 7.
Quote from: epzik8 on Today at 08:27:56 AMQuote from: Rothman on May 04, 2024, 10:28:05 PM"ONLY SCRUFFY LOOKING NERF HERDERS LITTER" -- Boston area on the Pike.
TIL nerf herders are a thing in Star Wars.