I’ve already talked about using meebo’s web app, but now meebo has an iPhone client:
one app to rule them all
The Meebo native iPhone app. It’s fast, it’s pretty, and it just flat-out works. Available now for iPhone and iPod touch.
Like the web app, the iPhone client has an elegant interface and keeps you logged in and alerted to all your latest IMs. Now that they’ve got both the web and the iPhone covered, I can’t imagine using anything else for IM.
If you use WordPress, import your blog’s feed into Facebook Notes, and are a little annoyed that the Facebook comments aren’t reflected on your “real blog,” then you might want to install Facebook CommentsTNG:
Facebook CommentsTNG is a plugin for your WordPress blog that will spider your notes page and find imported WordPress blogs and bring the comments back into WordPress.
The Facebook comments show up with the comment writer’s name, a link to Facebook, and a Facebook logo as the avatar.
I suppose there are a couple small privacy concerns here.
First, you need to provide your Facebook credentials in order to crawl the notes and import the comments. I’m guessing Facebook Connect doesn’t provide an API for this. So it’s a question of whether you trust a guy named Phil to write a benevolent WP plugin. You might want to take a few seconds to view the plugin code.
Second, your “friends” who have commented on Facebook haven’t necessarily opted in to having their full name published on the Internet outside of a closed system like Facebook. But if this is something that actually concerns them, I’d advise that they not comment on anything on Facebook. Just visit the WordPress blog and make up an anonymous handle. Trusting a website to keep you safe/anonymous/private is stupid. You need to take responsibility for your own online presence.
Somewhere along the way people lost their common sense when it came to real estate. Houses that used to sell for $250k started looking attractive at $1m because everything else was selling for $1.1m. But while the prices of comparable houses in a submarket gives you some indication of the market value of a house, it doesn’t necessarily mean you should buy that house. The cheapest overpriced house is still an overpriced house.
One thing I like to look at is a simple comparison of rents and mortgage payments. Calculate the mortgage payment for a property you are looking at, then compare it to the rent of a comparable place. This can sometimes be difficult when trying to evaluate a large single family detached house, since there may not be too many comparable rentals in the area, but for a smaller house or a condo, you shouldn’t have a problem.
In my neighborhood, I’ve seen plenty of condos that are being offered as rentals for $2000-3000 a month. Assuming an interest rate of 5.25%, this payment would translate to a mortgage of $362,000-$543,000. Assuming a 20% down payment, this results in a house price of $453,000-$679,0000. Comparable condos actually sell for $550,000-750,000.
Looking a little wider, 2 bedroom single family detached houses are renting for $3000-4000 a month, translating to a house price of $750,000-$900,000. The asking price of these houses are still $1m and up.
This simple calculation doesn’t even take into account the additional recurring costs of homeownership: property taxes, insurance, and maintenance. Nor does it take into account the time or transaction costs involved when you happen to find a great new job and have to extend your commute or sell your house. Nor does it put a price on the risk of falling housing prices.
But never mind all that. Just keep it simple and look at the rent vs. mortgage payment as a starting point. Purchasing a house is a big emotional as well as financial investment, and emotions run pretty high when you’re talking about owning a piece of property with your name on it, providing a shelter for your family, and possibly regretting the biggest financial mistake of your life. By starting simple, you might be able to run a sanity check: Is the pride of homeownership worth a $100,000 premium on that small 2-bedroom condo? If you saved the $1000 difference every month in an ING Direct account at 1%, what could you do with the $61,500 you would save over 5 years?
Apparently there’s a growing number of people strategically defaulting on their mortgages. Or, at the very least, there’s a growing fear that this is happening. For some commentators, this is a sign of low moral fiber, that the strategic defaulters are somehow breaking their word, losing their honor, etc.
Bullshit.
Housing loans are not based on the belief that the borrower will pay the money back because his honor is at stake. They are based on a contract, which spells out exactly what the lender can do if the borrower stops paying back the loan. The lender can choose to take the house and sue the borrower for the difference between the house’s value and the loan amount (unless it is a non-recourse loan).
There’s also this refrain of unease that not only is the decision to default immoral, but it’s just too easy and trivial to do. That the borrower somehow escapes punishment-free for buying too much house or getting a terrible loan.
But losing your home and getting sued is not a trivial thing. Not to mention the massive hit your credit score will take. For the borrower who defaults, it means that credit will either be unavailable or offered at exorbitant rates. Moreover, employers and landlords often do credit checks prior to hiring or renting, which will further limit the borrower’s options.
Nor is it necessarily easy! The lender has the option to take the home, but no obligation to do so. If there’s a glut of inventory in a particular submarket, a backlog of defaults to process, etc., the lender can choose to send nasty letters to try to get the borrower to pay, but may hold off on actually seizing the property. In the meantime, the borrower still owns the property and any liabilities that go along with it.
Finally, there are those that mention other effects of the foreclosure, such as declining house values and higher borrowing costs within the submarket or economic cohort. But aren’t these effects the natural outcomes of a market? We are coming off a 7 year bubble; houses are going to go into foreclosure, prices will drop, costs will increase, and to expect anything else is insane.
The bottom line is that the decision to take a loss, just as the decision to purchase, should be evaluated rationally by the individuals involved. There are a lot of things to consider beyond the value of your house, the amount of your loan, your monthly income, and the monthly expenses, but morality is not one of them.
The iPad is the answer to your prayers. The funny thing is, it’s the answer to your other prayers.
You’d been hoping that the iPad would do for the niche occupied by netbooks what the iPhone did for cell phones. You were hoping for something revolutionary, something that expands and changes definitions, something that becomes the bar against which every other device is measured. The problem is, it’s just a device. A large iPod Touch. No camera, no GPS, no SD slot, no USB slot, no third-party apps that don’t go through the App Store’s hoops and hurdles. How do you play Rush Poker on Full Tilt on this damn thing? You don’t. No multi-tasking? So either you are on IM, or you are reading email, or you are browsing the web. But not at the same time.
What you’re forgetting–what I forgot–is that this isn’t for you. It’s for your grandma, who’s never owned a computer. Or your mom, who calls you every few months because she’s got another virus or spyware and she only knows this because every time she goes online a dozen ads and porn sites load in popunders. With the iPad, you can get grandma online, and stop being tech support for your mom. Buy the iPad 3G, pay AT&T the $15 a month (with her credit card), and forget about everything else. It’s easily worth $629.
