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July 03, 2011

Overnight Open Thread

Got your nick, tracing your ip address...


Good News: Mortgages Being Quietly Written Down
Another necessary step on the way to the normalization of the real estate market.

I don’t care how you deal with it, but the fact is that what used to be a value of X is now something around 0.6X in those places. What’s more, if a bank forecloses, it usually costs about half the total to get rid of the house, so the houses, net, are worth about 0.3X to the banks.

Thus, it’s better for the bank to write down the loans to keep them active than have walkaways. Make a new mortgage that writes off the loss in value and, believe it or not, both sides of the mortgage take a hit: the bank writes down the asset, the customer loses their equity such as it is and loses on the other end, because the house won’t be worth as much when the mortgage is paid off.

So, one way or the other, the value will get written down.


10 Movies That Famous People Don't Want You to See
Well if you thought Lucas had gone the farthest to ensure that the infamous Xmas special is never seen again, that doesn't compare to some other celebs that some have gone to court to make sure certain movies stay buried forever. Like the documentary on the Rolling Stones, Cocksucker Blues:

The documentary has never been officially released, and due to a court order, it can't be shown unless the director is standing in the same room. That doesn't mean he can host Rolling Stones marathons at his house every day, because the court order also specifies he can only screen the film once a year.

How to Catch a Boat Full of Fish
But you're gonna need a bigger boat.

Blow Up The Bridge!
A nice supercut of classic bridge explosion scenes.

Cartoons’ Real Names Revealed
So do you know Barbie's and Shaggy's real names?


Will Smith and his 1.8 million dollar mobile home
If you have to live mobile, this is the way to do it.


Alton Brown's Peanut Butter Fudge in the Microwave Trick
Easy enough for even a moron to pull off:

8 ounces unsalted butter, plus more for greasing pan
1 cup smooth peanut butter
1 teaspoon vanilla extract
1 pound powdered sugar
1 microwave

Max Max Reenactment in the Desert
Now in its second year, Wasteland Weekend is a 3-day Max Max inspired post-apocalyptic, adults-only event that takes place September 23-25 in the California Mojave Desert outside of Los Angeles. So you've got a few months to get your costume together because ass-less chaps leathers take longer than you think.


Shoe Design Circa 1939
Proof that ugly shoes are nothing new. But a lot of these - with a few tweaks - would still look contemporary and classy.


Weekly AoSHQ Commenter Standings
Top 10 commenters:
1 [639 comments] 'Vic' [84.48 posts/day]
2 [441 comments] 'Kratos (Ghost of Sparta)'
3 [347 comments] 'soothie'
4 [340 comments] 'kbdabear'
5 [277 comments] 'Clueless'
6 [277 comments] 'steevy'
7 [277 comments] 'Jane D'oh'
8 [268 comments] 'AmishDude'
9 [254 comments] 'toby928▒'
10 [248 comments] 'Oldsailor's poet'

Top 10 sockpuppeteers:
1 [115 names] 'kbdabear' [15.20 unique names/day]
2 [71 names] 'KZnextzone'
3 [59 names] 'Cicero'
4 [47 names] 'fluffy'
5 [45 names] 'toby928▒'
6 [45 names] 't-bird'
7 [44 names] '18-1'
8 [36 names] 'andycanuck'
9 [34 names] 'Mallamutt, RINO President for Life'
10 [31 names] 'Jane D'oh'

The group. Yeah.

Tonight's post brought to you by Ohio:


Notice: Posted by permission of AceCorp LLC. Please e-mail overnight open thread tips to maetenloch at gmail. Otherwise send tips to Ace.

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