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The Benefits & Challenges Of Maintaining A Retreat Property

Chris Martenson - April 14, 2017 - 15:18
Executive Summary
  • The matrix of factors to consider in a Plan B residence
  • What to know abot eacf of the five key factors
  • Not all second homes are fully functional
  • The challenges & benefits of maintaining two separate fully functional residences

If you have not yet read Part 1: Does Your Plan B Include a Second Place to Live if Plan A Doesn’t Work Out? available free to all readers, please click here to read it first.

In Part 1 we reviewed the three basic categories of Plan B Residences: temporary (to ride out an emergency); semi-permanent (to weather a recession/loss of income) and permanent (replacing Plan A residence with Plan B residence).

In Part 2, we’ll consider a Matrix of Factors that will help us choose the inevitable trade-offs of costs and benefits, and add a category—permanent maintenance of two fully functional residences.

The Matrix of Factors

While there are many factors in any Plan B, I’ve pared the key factors in Plan B residences down to five: cost, control, security, depth of resources and functions enabled. Each is on a sliding scale from low to high. There are costs and benefits to each being low, medium or high.

Let’s go over each factor.

Cost:

While cost measured by price is self-explanatory, this also includes opportunity costs (what else could have been accomplished with the money?), time (the hassle factor of how long it will take to get something done) and labor—how much labor must be invested to accomplish a goal.

There is even a stress cost: how much will this goal/project add to my stress load? Even if the money needed is on hand, the overall cost can be high in terms of time, hassle, stress and opportunity cost.

Control:

By this I mean ownership (of the land, the house, etc.), contractual control (of jointly owned assets, of any hired labor, etc.) and functional control, i.e. residency.  As many have discovered to their regret, it’s possible to have legal ownership/control but end up with effectively zero functional control, as your house might be occupied by squatters or family members who morphed from allies to enemies.

Control is important because...

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Categories: Economics

Does Your Plan B Include a Second Place to Live If Plan A Doesn’t Work Out?

Chris Martenson - April 14, 2017 - 15:18

Maintaining a functional separate retreat residence is a responsibility that comes with real costs and complexities. But if done right, it can yield great returns during both good times and bad.

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Categories: Economics

Thwarting an Uber Future for Complementary Currencies: Open Protocols for a Credit Commons

Matslats - April 14, 2017 - 09:17

This paper, co-authored with Jem Bendell is our ticket to stand up at the RAMICS conference in Barcelona next month and invite the major complementary currency networks into cooperation around the next generation of software that we all need.

We will also be presenting developments after the conference at the hackathon.

AttachmentSize Bendell and Slater 2017.pdf531.86 KB
Categories: Blogs

Daily Digest 4/14 - Good News Friday: The Circle Of Life, Pulling Water Out Of Desert Air

Chris Martenson - April 14, 2017 - 08:57
  • How the FBI Took Down Russia’s Spam King—And His Massive Botnet
  • Tiny, family-run newspaper wins Pulitzer Prize for taking on big business
  • The Circle Of Life
  • New York Can Destroy Documents, Judge Rules in Municipal ID Case
  • Northern California gets its wettest winter in nearly a century
  • This new solar-powered device can pull water straight from the desert air
  • Quebec Food Waste Program To Rescue 30.8 Million Pounds Of Food

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Categories: Economics

Off The Cuff: The Soft Data & Hard Data Are At Odds

Chris Martenson - April 13, 2017 - 16:30

In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:

  • Soft vs Hard Data
    • They disagree. Which is correct?
  • More Manipulation
    • The central banks are not even hiding it anymore
  • The Big Problem: Too Much Debt
    • Don't expect the Fed to raise rates much higher from here
  • The French Election
    • However it unfolds, France is at a breaking point

In this week's podcast, Chris and Mish discuss the increasingly opposite stories being told by the "soft" and "hard" data. Soft indicators like consumer confidence and bullish sentiment are sky-high; while hard metrics like GDP growth, retail store closures, or auto sales tell a grim story of economic slowdown.

History shows that such a dichotomy between soft and hard data occur at turning points in the economy. And, as Mish recaps, we've seen this movie before:

Hussman reports that soft data after a lengthy expansion like we've had is mainly noise. I tend to agree with him. Market tops and bottoms tend to be points, both in the economy and the stock market -- and we are seeing the stock market today is experiencing a rounded topping affair with people remaining bullish even as it's clear the economy is sinking. We saw that happen in 2007. I think we saw that happen in 2000 as well. 

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.

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Categories: Economics

Daily Digest 4/13 - Expect The Unexpected, Do People Really Care About The Environment?

Chris Martenson - April 13, 2017 - 07:29
  • Expect The Unexpected
  • Millennials Are Abandoning the Postwar Engines of Growth: Suburbs and Autos
  • Two Months In, Trump Finds Big Promises Are Hard to Keep
  • Think New York Transit Is Bad? Just Wait
  • Albert Edwards Is Puzzled: "Where Is The Wage Inflation?"
  • Oil Prices Pull Higher After API Reports Draws Across The Board
  • The Risk Of A Major Oil Outage Just Grew Substantially
  • Do People Really Care about the Environment?

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Categories: Economics

Podcast: How Millennials Are Using Business as a Force for Good

Shareable Magazine - April 13, 2017 - 01:34

In this episode of Next Economy Now, Ryan Honeyman, a partner and worker-owner at LIFT Economy, interviews Andrew Baskin, executive fellow at LIFT Economy. Baskin is currently finishing his bachelor's of science in sustainable agriculture and food systems, with an emphasis in regenerative and cooperative economics, at the University of California, Davis. He represents a core constituency of millennials — young, passionate social entrepreneurs who are helping create ethical, sustainable businesses. 

Categories: Economics

Winners (and Losers) in New York’s Plan to Make College Free

The first-in-the-nation scholarship program would serve about 1.5 million full-time students. But there are downsides.
Categories: Economics

12 Empowering Ways to Engage in Civic Affairs

Shareable Magazine - April 12, 2017 - 12:17
It's evident that there's a growing desire among people, especially here in the U.S., to get involved in civic affairs. While online organizing can be an effective means of bringing about change, there's something powerful about showing up in person to talk with public officials and connect with others who are fighting for the same causes. We've pulled together a list of 12 ways to boost civic engagement.
Categories: Economics

Daily Digest 4/12 - Pensions Problems Multiply, Venezuelan Debts Coming Due Amid Crisis

Chris Martenson - April 12, 2017 - 07:34
  • Mayor Rawlings' proposals would threaten pension fund and public safety
  • Property Tax Bills May Spike Due To School Pension Underfunding
  • California Cities' Pension Tab Seen Almost Doubling in 5 Years
  • As $18 million deficit looms over budget, Syracuse mayor says cities need more funding
  • Asian Nations Swimming in Debt at Risk From Fed Rate Hikes
  • Consumer debt growth can't outpace wages forever: James Saft
  • Venezuelan debts coming due amid crisis

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Categories: Economics

A Shareable Explainer: What are the Commons?

Shareable Magazine - April 12, 2017 - 07:20

Commons are often associated with natural resources like the oceans and forests — areas that belong to everyone. But commons are not just resources. They are not simply Wikipedia pages or the city grounds used for urban gardening. They comprise of a resource, a community, and a set of social protocols. The three are an integrated, interdependent whole. 

Outline

Categories: Economics

In Berlin, a Model for Creative and Affordable Housing

Cities with vibrant arts, music, and social scenes are being hit hard by gentrification. But Berlin’s “co-housing culture” shows that a city’s future doesn’t have to go that way.
Categories: Economics

What Quebec Can Teach Us About Creating a More Equitable Economy

Shareable Magazine - April 11, 2017 - 12:59

Welcome to everyday life in Quebec — Canada's second largest province with 8.2 million people. Here:

  • Business owners gather at an elegant Montreal event center to celebrate the 20th anniversary of a large-scale economic partnership. The former chief of Quebec's largest bank is the guest of honor.

Categories: Economics

Podcast: Author Richard Wolff on What Comes After Capitalism

Shareable Magazine - April 11, 2017 - 10:46

Unemployment is down and the stock market is up. So all's well with the economy, right? Many politicians and economists would like us to think that, but in this Upstream Podcast, Richard D. Wolff, author of "Capitalism's Crisis Deepens," explains how this couldn't be farther from the truth. Not only is the recession that started in 2008 far from over, but we might actually be witnessing the collapse of capitalism as we know it.

Categories: Economics

Daily Digest 4/11 - Solving Japan's Energy Problem, What The Next Korean War Will Look Like

Chris Martenson - April 11, 2017 - 08:44
  • China Is Playing a $9 Trillion Game of Chicken With Savers
  • How China Is Keeping Its Financial System From Collapsing, In One Chart
  • Donald J. Trump: The Empire's Spanker-In-Chief
  • Nasty, brutish, and short—what the next Korean War will look like
  • Gold Gains With Treasuries and Yen on Haven Demand: Markets Wrap
  • Gold Selling for $10,000? Yes!
  • Can ‘Fire Ice’ Solve Japan’s Energy Problem?
  • Whale cams reveal secret Antarctic feeding habits

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Categories: Economics

Extractive Economy Jobs Are Not the Good Jobs Tribes Were Promised

After the construction phase of the Keystone XL, only 35 employees would be needed to operate the pipeline.
Categories: Economics

Could Twitter Users Own the Platform One Day?

Shareable Magazine - April 10, 2017 - 18:23

Could Twitter actually become a user-owned cooperative? An idea that once seemed far-fetched has suddenly fallen within the realm of possibility. On May 22, Twitter's shareholders will vote on a proposal to explore a viable path towards democratic ownership of the company. 

Categories: Economics

Adam Parks: How To Select & Prepare Sustainably-Raised Meats

Chris Martenson - April 10, 2017 - 14:15

What specifically should you look for when choosing a provider to buy your meat from?

Additionally, most folks don't realize how important the butchering process is to how well meat tastes. What qualities are important to look for in a butcher?

Former rancher and current meat-repreneur, Adam Parks, joins us for this week's podcast to give practical guidance on these questions, as well as recipe and cooking tips for how to get the most out of the meats we eat. After all, if you go to the trouble to select the healthiest product and get the best butchering, you want to ensure the meals you make from it are prepared well, too.

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Categories: Economics

Daily Digest 4/10 - The Problem With Freedom, What's Causing The Retail Meltdown Of 2017?

Chris Martenson - April 10, 2017 - 07:40
  • Russian truckers’ strike enters third week amid police crackdown
  • The Problem With Freedom
  • 5 Tangible Investments that Are Alternatives to the Stock Market
  • It's Brutal, It's Harsh and It's True
  • Your House Is Under Arrest
  • What in the World Is Causing the Retail Meltdown of 2017?
  • Gorsuch Takes Oath at White House, Becomes New Top Court Justice
  • Energy Employment Surges With U.S. Shale Production

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Categories: Economics

New Sharing Depot Opening Reflects Success of Toronto's Library of Things Movement

Shareable Magazine - April 10, 2017 - 05:45
The Toronto Tool Library in Ontario, Canada, is a model tool lending program. With four locations and a variety of workshops and community events, it is a pioneer of the lending and sharing movement. In April 2016, the Toronto Tool Library team raised the bar again when they launched the Sharing Depot, Canada's first Library of Things, where members can borrow sporting goods, board games, camping equipment, children's toys, and party supplies for $50-$100 per year.   
Categories: Economics