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re: Mansion sales and discount dining: oil rout hits Houston's rich

Posted on 2/26/16 at 9:46 am to
Posted by notiger1997
Metairie
Member since May 2009
61793 posts
Posted on 2/26/16 at 9:46 am to
More tard comments about truck nuts and F250s as always with every article like this posted.
Posted by Breesus
Unplug
Member since Jan 2010
69549 posts
Posted on 2/26/16 at 9:46 am to
Did you eat paint chips as a kid?
Posted by Kafka
I am the moral conscience of TD
Member since Jul 2007
159031 posts
Posted on 2/26/16 at 9:47 am to
quote:

I have no respect for people who tuck tail and run when the going gets tough
Posted by Breesus
Unplug
Member since Jan 2010
69549 posts
Posted on 2/26/16 at 9:49 am to
Son, you're on your own
Posted by ithad2bme
Houston transplant from B.R.
Member since Sep 2008
3732 posts
Posted on 2/26/16 at 10:13 am to
I close on my new place in cinco April 7th, picked it up about 20% less than it would have listed for a year ago, and got the seller to put on a new 30 year roof. I'm happy.
Posted by lsu480
Downtown Scottsdale
Member since Oct 2007
92903 posts
Posted on 2/26/16 at 10:19 am to
quote:

A fancy restaurant offers cut-price dinners


Posted by Kingwood Tiger
Katy, TX
Member since Jul 2005
14162 posts
Posted on 2/26/16 at 10:19 am to
quote:

don't let the door hit you on the way out. I have no respect for people who tuck tail and run when the going gets tough


I guess you didn't see the portion that said promotion...with same company
Posted by slackster
Houston
Member since Mar 2009
91874 posts
Posted on 2/26/16 at 10:22 am to
quote:

Did you eat paint chips as a kid?


, is that your rebuttal?

There are articles all across the financial ecosystem that discus how the current levels of oil and the negative ripple effects it creates are a net negative for the US economy, and at best it is a zero-sum game for the economy. The boost that more money in your pocket provides has come and gone.
Posted by lsu480
Downtown Scottsdale
Member since Oct 2007
92903 posts
Posted on 2/26/16 at 10:24 am to
quote:

I guess you didn't see the portion that said promotion...with same company


Ya his reply was very odd since you made it very clear why you were moving. That's the OT for you though!
Posted by GaryMyMan
Shreveport
Member since May 2007
13499 posts
Posted on 2/26/16 at 10:27 am to
quote:

They should have saved their money while they were making it.

What the hell does that even mean? If I made a million dollars last year as an oil exec, am I supposed to live like I made $80k? $40k? How much saving can you really do to prepare for the biggest SHTF moment of the past 30 years? A situation no one really expected to be this dire.
This post was edited on 2/26/16 at 10:29 am
Posted by tigeralum06
Member since Oct 2007
2924 posts
Posted on 2/26/16 at 10:36 am to
If they lived like they made half of that they would have money saved and equity in the house. However, if they leverage all of their assets to their full extent then they lose everything when the price of oil falls off a cliff.
Posted by danilo
Member since Nov 2008
26331 posts
Posted on 2/26/16 at 10:50 am to
Guess they ain't that rich after all
Posted by Tiger Ryno
#WoF
Member since Feb 2007
108734 posts
Posted on 2/26/16 at 10:52 am to
some people just don't get it.
Posted by ztownbird
Trump, USA
Member since Oct 2012
1081 posts
Posted on 2/26/16 at 11:00 am to
quote:

What the hell does that even mean? If I made a million dollars last year as an oil exec, am I supposed to live like I made $80k? $40k?



And this mindset is the exact reason they are broke. It doesn't take a genius to see how much of the trash is living way beyond their means..
Posted by slackster
Houston
Member since Mar 2009
91874 posts
Posted on 2/26/16 at 11:21 am to
quote:

doesn't take a genius to see how much of the trash is living way beyond their means..





Why does it always have to be trash? These threads always being out the worst in people and the it is obvious that O&G employees have gotten under the skin of a ton on this board. Perhaps it is the minority who exemplify the oilfield trash making oilfield cash and truck nut segment, but that really doesn't explain the widespread vitriol that O&G gets.

I think one of the biggest issues is that there were/are many in O&G who make more than their college-educated peers and that has chapped the collective arse of the public in this area. Now that things are coming to a drastic halt people seem to revel in their new found financial superiority. It's embarrassing that people got themselves that worked up that they'll stoop this low at a time like this.

Disclaimer: I'm not in O&G. I had a cousin making 100k+ per year 3 years out of high school. I wasn't offended then and I didn't celebrate his layoff in November. I'd suggest others do the same and stop letting the fortunes/misfortunes of others affect their own life and happiness.
Posted by GaryMyMan
Shreveport
Member since May 2007
13499 posts
Posted on 2/26/16 at 11:27 am to
quote:

And this mindset is the exact reason they are broke. It doesn't take a genius to see how much of the trash is living way beyond their means..

Trash? These are people who went to Ivy League colleges and then business school or law school or have Masters in Engineering degrees. Some very, very smart people are responsible for getting the oil from the ground into your car. Going beyond the execs, there are also thousands of newly unemployed accountants, HR people, and other office staff with no where to turn.

What do you do for a living that if your entire industry slashed its income by 75% you'd just shrug and keep on truckin?
This post was edited on 2/26/16 at 11:29 am
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
78676 posts
Posted on 2/26/16 at 11:28 am to
quote:

Glad Dallas has a diverse economy


Yeah, but it's still Dallas.
Posted by achenator
Member since Oct 2014
3333 posts
Posted on 2/26/16 at 11:33 am to
Everybody says they would live below their means UNTIL their income takes off. After a few years lifestyle catches up with income. Now most will invest in retirement like they should but they are not going to be making $500k living in a $200k house. Even if you save more than average going from a big salary to zero overnight is a big shock.
Posted by Spock's Eyebrow
Member since May 2012
12300 posts
Posted on 2/26/16 at 11:43 am to
quote:

Its amazing how many people on this board feel better anout themselves when someone else is going through a troubled time.


(Read in a douchey German accent.) "I wish there were a word to describe the pleasure I feel at viewing misfortune."
Posted by ztownbird
Trump, USA
Member since Oct 2012
1081 posts
Posted on 2/26/16 at 11:54 am to
Haven't posted in a good while just seeing if I still had it. Seems I do
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