Author Topic: Overheard at Work  (Read 5873621 times)

Sibley

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Re: Overheard at Work
« Reply #17950 on: June 21, 2017, 12:18:24 PM »
Well, as an auditor, there's another potential side to that. If someone's running a fraud scheme, not being at work makes it much more likely that it'll be discovered by someone else. Which is why certain industries may have mandatory vacation requirements.

JordanOfGilead

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Re: Overheard at Work
« Reply #17951 on: June 21, 2017, 12:49:33 PM »
Not overheard but more of an observation: Our parking lot has a half dozen or so leased BMW 3-series.  All of them bought leased soley for impressing co-workers.  No *ucks given by me as I rolled in past them on my bike.

At my work there are a LOT of Tesla's in the parking lot most of these are owned by people with a pretty high income.

Even one of the guys who cycles almost every day owns a Tesla.

I would give a Tesla driver more credit than these people.  They bought these cars for one thing: the BMW badge.  Yes, I get that there are some BMW drivers who actually appreciate the car for what it is but these people are not them.  A 3-series with low end engine and auto tranny is strictly for posers trying to impress others.

I agree. It is probably a lot full of 328s. lol - what a piece of garbage car.
Better than the 318 ... or even the 325 for that matter.

JordanOfGilead

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Re: Overheard at Work
« Reply #17952 on: June 21, 2017, 12:59:44 PM »
There is an older gentleman that works in my office, well beyond traditional retirement age (maybe mid-late 70s?). Several of us younger folk joke that he must either love it here or hate it at home because he comes in at 6 (there is no strict start time to our day, but the general rule is "before 9") and stays until 4 or 5 every day, with a ONE HOUR COMMUTE each way.

I was chatting with somebody about retirement the other day with him in the room and he volunteered some information about himself. Apparently he was involved in a small business startup when he was young that flopped about fifteen years in, less ten before he planned on cashing in and retiring, and took his entire life savings with it. Then he hired on at one of the big 3 auto makers and worked for them up until the year before he was set to begin receiving a (relatively hefty) pension when the recession hit, the company got bailed out by the government, and all pensions disappeared. With that company having a traditionally comfortable pension plan, he hadn't planned any retirement savings on his own. 35 years into his career he was left with almost zero savings (and if I had to guess, probably a mortgage and a car payment). He then joined our company where he has worked for 20-odd years, throwing everything he can into his 401k and index funds.

Kind of a sad story that he had such bad luck, but he had a lot of really good advice for us younger employees and served as a good example of what happens when you don't plan properly for retirement.

mtn

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Re: Overheard at Work
« Reply #17953 on: June 21, 2017, 01:09:14 PM »
Not overheard but more of an observation: Our parking lot has a half dozen or so leased BMW 3-series.  All of them bought leased soley for impressing co-workers.  No *ucks given by me as I rolled in past them on my bike.

At my work there are a LOT of Tesla's in the parking lot most of these are owned by people with a pretty high income.

Even one of the guys who cycles almost every day owns a Tesla.

I would give a Tesla driver more credit than these people.  They bought these cars for one thing: the BMW badge.  Yes, I get that there are some BMW drivers who actually appreciate the car for what it is but these people are not them.  A 3-series with low end engine and auto tranny is strictly for posers trying to impress others.

I agree. It is probably a lot full of 328s. lol - what a piece of garbage car.
Better than the 318 ... or even the 325 for that matter.

How old are we talking here? And I can't say I agree with any of you; in fact the only 3 series for which I have any... not disdain, maybe indifference... for is the 323. The 318 was a pretty stout engine--but the newest of them [in the US] are pretty old at this point.

Now, I'd take the 1 series above almost all of them, but the fact is it really has proven time and time again to be the best RWD compact car out there. Throwing out 2 seaters, the only things that give it a run for the money are the Camaro and Mustang, which are also awesome, but in a completely different way.

mtn

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Re: Overheard at Work
« Reply #17954 on: June 21, 2017, 01:12:17 PM »
There is an older gentleman that works in my office, well beyond traditional retirement age (maybe mid-late 70s?). Several of us younger folk joke that he must either love it here or hate it at home because he comes in at 6 (there is no strict start time to our day, but the general rule is "before 9") and stays until 4 or 5 every day, with a ONE HOUR COMMUTE each way.

I was chatting with somebody about retirement the other day with him in the room and he volunteered some information about himself. Apparently he was involved in a small business startup when he was young that flopped about fifteen years in, less ten before he planned on cashing in and retiring, and took his entire life savings with it. Then he hired on at one of the big 3 auto makers and worked for them up until the year before he was set to begin receiving a (relatively hefty) pension when the recession hit, the company got bailed out by the government, and all pensions disappeared. With that company having a traditionally comfortable pension plan, he hadn't planned any retirement savings on his own. 35 years into his career he was left with almost zero savings (and if I had to guess, probably a mortgage and a car payment). He then joined our company where he has worked for 20-odd years, throwing everything he can into his 401k and index funds.

Kind of a sad story that he had such bad luck, but he had a lot of really good advice for us younger employees and served as a good example of what happens when you don't plan properly for retirement.

The worst part about this is that the first one, he took a risk, and it didn't pay off. I think we can all understand that, even if its not what we would have done. The second, people thought those pensions were the bees knees--they were commonly looked at as gravitational levels of reliability. He really didn't mis-manage it, he just got fucked.

JordanOfGilead

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Re: Overheard at Work
« Reply #17955 on: June 21, 2017, 01:15:35 PM »
There is an older gentleman that works in my office, well beyond traditional retirement age (maybe mid-late 70s?). Several of us younger folk joke that he must either love it here or hate it at home because he comes in at 6 (there is no strict start time to our day, but the general rule is "before 9") and stays until 4 or 5 every day, with a ONE HOUR COMMUTE each way.

I was chatting with somebody about retirement the other day with him in the room and he volunteered some information about himself. Apparently he was involved in a small business startup when he was young that flopped about fifteen years in, less ten before he planned on cashing in and retiring, and took his entire life savings with it. Then he hired on at one of the big 3 auto makers and worked for them up until the year before he was set to begin receiving a (relatively hefty) pension when the recession hit, the company got bailed out by the government, and all pensions disappeared. With that company having a traditionally comfortable pension plan, he hadn't planned any retirement savings on his own. 35 years into his career he was left with almost zero savings (and if I had to guess, probably a mortgage and a car payment). He then joined our company where he has worked for 20-odd years, throwing everything he can into his 401k and index funds.

Kind of a sad story that he had such bad luck, but he had a lot of really good advice for us younger employees and served as a good example of what happens when you don't plan properly for retirement.

The worst part about this is that the first one, he took a risk, and it didn't pay off. I think we can all understand that, even if its not what we would have done. The second, people thought those pensions were the bees knees--they were commonly looked at as gravitational levels of reliability. He really didn't mis-manage it, he just got fucked.

Yeah, that's why I said his bad luck was sort of sad. It was still valuable for a younger generation to learn that you can't necessarily rely on things like a start-up or a company funded pension to support you.

Vindicated

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Re: Overheard at Work
« Reply #17956 on: June 21, 2017, 01:51:48 PM »
Damn.  My heart breaks for this guy.  That's a rough set of circumstances.  I hope he's had an enjoyable life, and hasn't dreaded every moment of his work.
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TartanTallulah

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Re: Overheard at Work
« Reply #17957 on: June 21, 2017, 02:05:33 PM »
An older guy at work seems to come in extra hours for no reason. He comes really early (I think at least an hour early) and stays at least half an hour late. Plus a 30 minute commute each way. He also has been coming in on Saturdays (to "stay on top of things" as he said once). He doesn't get paid overtime because he's salary. I honestly haven't been able to figure out what he's been doing, because some days there will be something random unrelated to his job come up, and he's out there helping. He's the Quality Manager but I see him just helping out in random things for no reason.

I joked to a coworker that maybe he hates his wife, but the coworker said he doesn't... I haven't mentioned anything other than a quick joke, "What are you still doing here?" when I leave. I think it'd be rude to ask at this point...

I just hope it doesn't make me look bad because I'm also salary but stay the exact time I'm supposed to. I haven't had enough work to justify staying late yet. Almost been working here a year (a bit less than this guy), but now I'm doubting even asking for a raise at the one year mark. It'll just perpetuate the lazy entitled millennial stereotype right? We have completely different jobs (I have an engineering degree and the salary to go with it), but still. FWIW, there are very few office staff so it's not like any of this would be unnoticed with management.

Same guy still has a daughter that lives with him who is 27. I know he's also paying back a good bit of student loans for one of his daughters, over 20k. Maybe this is part of why he works so "hard"?

It's possibly that he's just not very efficient, or else he's able to work best outside of his official work hours. I've been there with that one; when I was cracking with occupational burnout a few years ago, I struggled during the working day when new tasks seemed to be firing at me non-stop, ping ping pinging from all directions, but when 6.30pm came round and we locked the doors and put the 'phone on divert I relaxed and was very productive until I had to leave the building at 8pm. Even now that I've recovered I still work well in that 90-minute period, and sometimes find it better to snatch a short break away from my desk in the middle of the day and work late to catch up.

Well, as an auditor, there's another potential side to that. If someone's running a fraud scheme, not being at work makes it much more likely that it'll be discovered by someone else. Which is why certain industries may have mandatory vacation requirements.

Or, of course, this.



zolotiyeruki

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Re: Overheard at Work
« Reply #17958 on: June 21, 2017, 02:17:56 PM »
Well, as an auditor, there's another potential side to that. If someone's running a fraud scheme, not being at work makes it much more likely that it'll be discovered by someone else. Which is why certain industries may have mandatory vacation requirements.
I'm having trouble understanding this one.  Fraud against the employer?  What would that have to do with mandatory vacation?

dandarc

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Re: Overheard at Work
« Reply #17959 on: June 21, 2017, 02:35:33 PM »
Well, as an auditor, there's another potential side to that. If someone's running a fraud scheme, not being at work makes it much more likely that it'll be discovered by someone else. Which is why certain industries may have mandatory vacation requirements.
I'm having trouble understanding this one.  Fraud against the employer?  What would that have to do with mandatory vacation?
So, if you're running any kind of scam, you want to answer all of your phone calls.

Example where someone else answering the phone = exposed.  My dad ran the business office for a car dealership - not a used car lot, but a new car dealership.  One day, he gets a call from a supplier of after-market radios, thanking the dealership for all of the business over the last few months.  This is a strange call - as a factory dealer, they usually don't do much fancy-radio business, certainly not enough that the salesman would be grateful enough to call just to say "thanks".  So they look into it.  Turns out, a technician was ordering radios on the company account, and stealing them.  This is also a good example of why when your head accountant (dad) says "we need to implement this control", the business should listen, but that's not really relevant to the discussion.

So, mandatory vacation and how it helps detect fraud.  If you are required to be out of the office for a week or two, one of your customers might call and talk with someone else - not a sure thing, but another person might think - "who is this John Smith, and why does he think he's bought $100,000 worth of stuff from us in the last few years?  No records . . ." can be what gets you caught.  Also gives a window where the company could audit your records without you running interference, but I imagine that would typically only happen if you're already under suspicion.
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BlueHouse

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Re: Overheard at Work
« Reply #17960 on: June 21, 2017, 02:53:56 PM »
An older guy at work seems to come in extra hours for no reason. He comes really early (I think at least an hour early) and stays at least half an hour late. Plus a 30 minute commute each way. He also has been coming in on Saturdays (to "stay on top of things" as he said once). He doesn't get paid overtime because he's salary. I honestly haven't been able to figure out what he's been doing, because some days there will be something random unrelated to his job come up, and he's out there helping. He's the Quality Manager but I see him just helping out in random things for no reason.

I'll never understand this mindset. Like, there's nothing else you'd rather be doing besides sitting at work? Your life is seriously that boring?
ummm....This was me for the first 25 years of my working life.  It is still the case with all of my siblings.  For me, it really was just a combination of a very strong work ethic and a lot of loyalty to the companies I worked for.  I wanted the company to be successful and I truly believed that everyone owed it to the employer to do the best job and to go "the extra mile".  I was also super-competitive and I wanted to be the first person in and the last person out the door each night.  It provided a huge sense of accomplishment and superiority. 
I was raised that way and never really considered that there could be a better way.  I thought everyone who didn't give 100% was a slacker.  I used to tell people that as a salaried worker, even your dreams should be focused on finding ways to make the company more profitable.
I was just misdirected.  I can't even convince my siblings to stop thinking like this.  It's so deeply ingrained in each of us, it was really hard to knock it out.  One sibling just "retired", took a year off to travel, and took a meeting for consulting 2 days after return home.  Laundry wasn't even done yet.  That sibling has over $5M in bank and doesn't know another way to be relevant or productive, or whatever it is.  So glad I found the mustache!
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Jim Fiction

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Re: Overheard at Work
« Reply #17961 on: June 21, 2017, 06:30:04 PM »
A co-worker recently moved into an apartment on his own. Previously he had been living with his sister and her boyfriend in a house that the three rented together. His sister and boyfriend bought a house together and invited him to rent a room from them, but he declined because he "didn't like the idea of paying for someone else's mortgage". I was rather dumbstruck especially because he is a bright guy, and I couldn't fathom having that mentality. I attempted to reason with him a bit, but he wasn't having any of it so I backed off.

thesvenster

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Re: Overheard at Work
« Reply #17962 on: June 21, 2017, 06:34:09 PM »
Well, as an auditor, there's another potential side to that. If someone's running a fraud scheme, not being at work makes it much more likely that it'll be discovered by someone else. Which is why certain industries may have mandatory vacation requirements.

I don't understand this comment at all. What do you mean?

RWD

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Re: Overheard at Work
« Reply #17963 on: June 21, 2017, 06:34:51 PM »
A co-worker recently moved into an apartment on his own. Previously he had been living with his sister and her boyfriend in a house that the three rented together. His sister and boyfriend bought a house together and invited him to rent a room from them, but he declined because he "didn't like the idea of paying for someone else's mortgage". I was rather dumbstruck especially because he is a bright guy, and I couldn't fathom having that mentality. I attempted to reason with him a bit, but he wasn't having any of it so I backed off.

Don't tell him that there could be a mortgage on his apartment complex!

dragoncar

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Re: Overheard at Work
« Reply #17964 on: June 21, 2017, 09:49:58 PM »
Well, as an auditor, there's another potential side to that. If someone's running a fraud scheme, not being at work makes it much more likely that it'll be discovered by someone else. Which is why certain industries may have mandatory vacation requirements.

I don't understand this comment at all. What do you mean?

For embezzlement actions of any substantial size to succeed, an employee would need to be constantly present in order to manipulate records and respond to different inquiries. On the other hand, if an employee is forced to be absent for at least five consecutive workdays, the likelihood of any illegal actions succeeding is reduced, since someone else would be required to answer the queries during the employee’s absence.

http://blogs.getcertifiedgetahead.com/mandatory-vacations/

Paul der Krake

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Re: Overheard at Work
« Reply #17965 on: June 21, 2017, 10:07:33 PM »
Yeah, MTA (Mandatory Time Away) in regulated industries is no joke. At a previous company, the people it applied to couldn't do anything. Computers and phones locked up, all accounts disabled, building and VPN access revoked. For 2 weeks it's like they never existed.

In fact, the security training every employee had to take specifically outlined behaviors to watch for in colleagues that could suggest fraud. Working long hours was one of them or volunteering to do other people's work were some of the signs.

TartanTallulah

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Re: Overheard at Work
« Reply #17966 on: June 22, 2017, 03:30:16 AM »
I don't know if this belongs here or in the anti-antimustachian thread.

I have a younger colleague who is rather high maintenance, particularly regarding cosmetic and non-essential health interventions, and is always grumbling about not earning enough despite her income being the same as mine. We were discussing a swap of responsibilities.

"I can work that afternoon provided I can get away at 4.15pm because I have an appointment with my chiropodist," said my high maintenance colleague.

"You're able-bodied and you're not diabetic. Can't you do your own feet like normal people do?" said my senior colleague.

I almost spluttered my coffee. I have wanted to say that for SO long and haven't quite dared.



MgoSam

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Re: Overheard at Work
« Reply #17967 on: June 22, 2017, 09:38:45 AM »
Well, as an auditor, there's another potential side to that. If someone's running a fraud scheme, not being at work makes it much more likely that it'll be discovered by someone else. Which is why certain industries may have mandatory vacation requirements.

I don't understand this comment at all. What do you mean?

For embezzlement actions of any substantial size to succeed, an employee would need to be constantly present in order to manipulate records and respond to different inquiries. On the other hand, if an employee is forced to be absent for at least five consecutive workdays, the likelihood of any illegal actions succeeding is reduced, since someone else would be required to answer the queries during the employee’s absence.

http://blogs.getcertifiedgetahead.com/mandatory-vacations/

Yeah, a competitor of my company back in the 90s found out their warehouse manager was shipping out pallets of stuff and then deleting the invoice and adjusting inventory. He apparently had been doing it for a decade and it was only when he was hospitalized that it came out. When I heard about it, it made me sick for multiple reasons.

a. The value of the products he stole
b. The amount he took for stealing them (like 10 cents on the dollar)
c. Guy's a gambler and pissed it all away, so essentially had nothing to show for his decade of theft.

RyanAtTanagra

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Re: Overheard at Work
« Reply #17968 on: June 22, 2017, 10:32:29 AM »
A co-worker recently moved into an apartment on his own. Previously he had been living with his sister and her boyfriend in a house that the three rented together. His sister and boyfriend bought a house together and invited him to rent a room from them, but he declined because he "didn't like the idea of paying for someone else's mortgage". I was rather dumbstruck especially because he is a bright guy, and I couldn't fathom having that mentality. I attempted to reason with him a bit, but he wasn't having any of it so I backed off.

I had a roommate say the same thing.  We had been roommates for a long time and I was thinking of just buying a house and renting a room to him.  "Why would I want to pay your mortgage?"  I was so dumbfounded by that lack of logic I didn't even know how to respond.  Ended up not doing it just based on how annoyed his tone was at the idea.

Debts_of_Despair

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Re: Overheard at Work
« Reply #17969 on: June 22, 2017, 10:52:38 AM »
Yeah, MTA (Mandatory Time Away) in regulated industries is no joke. At a previous company, the people it applied to couldn't do anything. Computers and phones locked up, all accounts disabled, building and VPN access revoked. For 2 weeks it's like they never existed.


That is actually pretty cool.  There is pressure at my work to check your phone, etc during time off.  I used to play along but I don't really GAF anymore.

mtn

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Re: Overheard at Work
« Reply #17970 on: June 22, 2017, 10:54:52 AM »
A co-worker recently moved into an apartment on his own. Previously he had been living with his sister and her boyfriend in a house that the three rented together. His sister and boyfriend bought a house together and invited him to rent a room from them, but he declined because he "didn't like the idea of paying for someone else's mortgage". I was rather dumbstruck especially because he is a bright guy, and I couldn't fathom having that mentality. I attempted to reason with him a bit, but he wasn't having any of it so I backed off.

I had a roommate say the same thing.  We had been roommates for a long time and I was thinking of just buying a house and renting a room to him.  "Why would I want to pay your mortgage?"  I was so dumbfounded by that lack of logic I didn't even know how to respond.  Ended up not doing it just based on how annoyed his tone was at the idea.

"So you don't have to assume any of the risk"

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Re: Overheard at Work
« Reply #17971 on: June 22, 2017, 10:57:29 AM »
My husband has a coworker in his mid-twenties who gives us lots of interesting conversations. He recently mentioned buying new furniture for the new house he & his wife bought. He spent $5,000+ and was so excited telling everyone at work that it's only $60 a month...because they put it on a payment plan.

They also had a baby (about a year old), just upgraded to a bigger house and have two new cars. My husband talked him into signing up for the company's 401K plan. He had been with company for at least 3 years and still hadn't signed up, he was sputtering about saving 3%...the minimum to get the match!

At my work I recently had a coworker mention they need to train me on some things for when they retire. I asked when would that be and they said "Oh well I'll be 65 in 6 years, so 6 years. Unless I work until I'm 70."

I'm working hard to convince my husband that we need to do whatever we can to not be like this!!

AnswerIs42

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Re: Overheard at Work
« Reply #17972 on: June 22, 2017, 11:17:13 AM »
At my work I recently had a coworker mention they need to train me on some things for when they retire. I asked when would that be and they said "Oh well I'll be 65 in 6 years, so 6 years. Unless I work until I'm 70."

What did they say when you said that you'd probably be retiring before they did? ;)

pink_shears

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Re: Overheard at Work
« Reply #17973 on: June 22, 2017, 11:31:09 AM »
At my work I recently had a coworker mention they need to train me on some things for when they retire. I asked when would that be and they said "Oh well I'll be 65 in 6 years, so 6 years. Unless I work until I'm 70."

What did they say when you said that you'd probably be retiring before they did? ;)

Hah, I would've liked to but people at my work get pretty feisty when good things happen to other people and not them, even if those good things are hard-worked for!
« Last Edit: June 22, 2017, 12:58:01 PM by pink_shears »

dividendman

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Re: Overheard at Work
« Reply #17974 on: June 22, 2017, 01:21:52 PM »
A co-worker recently moved into an apartment on his own. Previously he had been living with his sister and her boyfriend in a house that the three rented together. His sister and boyfriend bought a house together and invited him to rent a room from them, but he declined because he "didn't like the idea of paying for someone else's mortgage". I was rather dumbstruck especially because he is a bright guy, and I couldn't fathom having that mentality. I attempted to reason with him a bit, but he wasn't having any of it so I backed off.

I had a roommate say the same thing.  We had been roommates for a long time and I was thinking of just buying a house and renting a room to him.  "Why would I want to pay your mortgage?"  I was so dumbfounded by that lack of logic I didn't even know how to respond.  Ended up not doing it just based on how annoyed his tone was at the idea.

"So you don't have to assume any of the risk"

Also... by their own logic it seems they are willing to pay someone else's mortgage... just not someone they know! Haha. Crazy.

Sydneystache

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Re: Overheard at Work
« Reply #17975 on: June 22, 2017, 04:56:07 PM »
A co-worker recently moved into an apartment on his own. Previously he had been living with his sister and her boyfriend in a house that the three rented together. His sister and boyfriend bought a house together and invited him to rent a room from them, but he declined because he "didn't like the idea of paying for someone else's mortgage". I was rather dumbstruck especially because he is a bright guy, and I couldn't fathom having that mentality. I attempted to reason with him a bit, but he wasn't having any of it so I backed off.

I had a roommate say the same thing.  We had been roommates for a long time and I was thinking of just buying a house and renting a room to him.  "Why would I want to pay your mortgage?"  I was so dumbfounded by that lack of logic I didn't even know how to respond.  Ended up not doing it just based on how annoyed his tone was at the idea.

"So you don't have to assume any of the risk"

Also... by their own logic it seems they are willing to pay someone else's mortgage... just not someone they know! Haha. Crazy.

Perhaps paying a stranger's mortgage is easier to swallow than paying someone's you know - it may be a constant reminder they are still renting and the people they know are building their wealth off the back of their payments. It may be awkward e.g. renter damages/breaks something in their property - how will that affect the relationship? Can you still be proper roomie with a cleaning schedule or will the person who is landlord say: "I'm the landlord therefore I don't clean" - or "I can kick you anytime if I want a higher payment"?

The relationship can evolve from being equal as roomies in a stranger's home to becoming rather feudal - lord vs serf etc. My SO rented a friend's mum's granny flat but she treated him less than glowing - gave him a week's notice to leave because her then-BF needed a place to stay. The relationship barely survived.

In other words, it's not just the money.

I considered renting a flat to a friend's daughter (who wants to move out of home and who is going through some issues) at a significantly reduced market rate but realised she wouldn't be able to handle the responsibility. I valued the friendship too much to allow their daughter to fuck another opportunity up (she stayed at my beach house as a way for her to try living away from home and she left a mess - we had to clean up after her which was not pleasant after a 3 hour drive).

mustachepungoeshere

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Re: Overheard at Work
« Reply #17976 on: June 22, 2017, 06:26:37 PM »
Perhaps paying a stranger's mortgage is easier to swallow than paying someone's you know - it may be a constant reminder they are still renting and the people they know are building their wealth off the back of their payments. It may be awkward e.g. renter damages/breaks something in their property - how will that affect the relationship? Can you still be proper roomie with a cleaning schedule or will the person who is landlord say: "I'm the landlord therefore I don't clean" - or "I can kick you anytime if I want a higher payment"?

The relationship can evolve from being equal as roomies in a stranger's home to becoming rather feudal - lord vs serf etc. My SO rented a friend's mum's granny flat but she treated him less than glowing - gave him a week's notice to leave because her then-BF needed a place to stay. The relationship barely survived.

In other words, it's not just the money.

I considered renting a flat to a friend's daughter (who wants to move out of home and who is going through some issues) at a significantly reduced market rate but realised she wouldn't be able to handle the responsibility. I valued the friendship too much to allow their daughter to fuck another opportunity up (she stayed at my beach house as a way for her to try living away from home and she left a mess - we had to clean up after her which was not pleasant after a 3 hour drive).

Exactly.

I know the boundaries I have with my landlord. I pay rent and look after the unit. She is responsible for repairs if a problem arises, but that is so infrequent that we sometimes don't communicate for six months or more.

My in-laws (posting about them a lot today!) talked about buying an investment property a couple of years ago. My husband suggested (to me) that they should buy in our city so we could rent from them. Not on your life. I simply would not trust them with anything remotely resembling a business transaction.

There is a reason my husband and his brother had very little financial literacy. My husband has come a long way, and my BiL will happily talk about finances with me, but never, ever with his parents.

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Re: Overheard at Work
« Reply #17977 on: June 22, 2017, 09:33:45 PM »
About a month ago CW was super stressed about a broken sewage pipe under her house and all the damage done.  She had no idea how she would meet the deductible.  A few weeks earlier her water heater broke and she didn't have money to replace it either.  I've been feeling bad for her and tried to give her advice when appropriate. I know that she doesn't make much in an unskilled entry level position and that her husband works in a big box hardware store so doesn't have super high wage.
 
Then this morning she shows up to work in a brand new car.  She is so excited. Ugh.

Today she tells me they are financing a fridge.  I mention that when I was newly married and had to buy a fridge we bought one for about $400 and it worked just fine. (I think the same fridge is about $500 today)  Basic, but a good fridge.  And that we again bought a very good rather basic fridge for our new home because that's what we could afford.  Her response there aren't really cheap fridges except ones with the freezer on top.

I can't fathom mortgaging my future to have my freezer on the bottom.

LennStar

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Re: Overheard at Work
« Reply #17978 on: June 23, 2017, 02:05:13 AM »
About a month ago CW was super stressed about a broken sewage pipe under her house and all the damage done.  She had no idea how she would meet the deductible.  A few weeks earlier her water heater broke and she didn't have money to replace it either.  I've been feeling bad for her and tried to give her advice when appropriate. I know that she doesn't make much in an unskilled entry level position and that her husband works in a big box hardware store so doesn't have super high wage.
 
Then this morning she shows up to work in a brand new car.  She is so excited. Ugh.

Today she tells me they are financing a fridge.  I mention that when I was newly married and had to buy a fridge we bought one for about $400 and it worked just fine. (I think the same fridge is about $500 today)  Basic, but a good fridge.  And that we again bought a very good rather basic fridge for our new home because that's what we could afford.  Her response there aren't really cheap fridges except ones with the freezer on top.

I can't fathom mortgaging my future to have my freezer on the bottom.

LOL yeh fucking physics! Why can't cold air don't go up?

I was really lucky with my fridge, it was cleareance sale. Paid 400€ for a fridge that saved me 70€ a year in energy (yes, German prices are high)

Maenad

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Re: Overheard at Work
« Reply #17979 on: June 23, 2017, 05:35:26 AM »
... some days there will be something random unrelated to his job come up, and he's out there helping. He's the Quality Manager but I see him just helping out in random things for no reason.

I know people have suggested he may be doing this for job security, but that only applies if he's actually helping. Often if one tries to "help" on something unrelated to one's job, it just messes it up worse, and this guy could actually be first on the chopping block if layoffs come. I've also seen that type, they're really nice, but you really don't want their "help", and it's hard to kick the puppy and tell them that they're just interfering.

And I say this as one of the apparently-rare Quality professionals with an actual engineering degree. Most of our QMs we would not want out on the production floor if the place was on fire. (I'm separated enough from production support that I wouldn't want to be out there either!)

mustachepungoeshere

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Re: Overheard at Work
« Reply #17980 on: June 23, 2017, 06:34:20 AM »
Not overheard at work but my husband just saw that this thread runs to 360 pages.

"Why don't they just start a new one? They know it doesn't cost money, right?"

Smartarse.

Sibley

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Re: Overheard at Work
« Reply #17981 on: June 23, 2017, 07:31:19 AM »
Not overheard at work but my husband just saw that this thread runs to 360 pages.

"Why don't they just start a new one? They know it doesn't cost money, right?"

Smartarse.

It just wouldn't be the same.

MgoSam

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Re: Overheard at Work
« Reply #17982 on: June 23, 2017, 09:19:11 AM »
Not overheard at work but my husband just saw that this thread runs to 360 pages.

"Why don't they just start a new one? They know it doesn't cost money, right?"

Smartarse.

It just wouldn't be the same.

I love the staying power this thread has.

By the River

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Re: Overheard at Work
« Reply #17983 on: June 23, 2017, 09:59:35 AM »
Overheard at a work conference…The conference had many references to the musical Hamilton.  Company VP talked about another CFO who saw the show and said it was the greatest ever.  That CFO had a young analyst working for him who decided to get engaged…his plan was to buy tickets months ahead of time to the July 16 show and propose afterwards. 

Then, the original stars announced they were leaving and the July 16 show would be their finale.  Ticket prices kept going up and up for that performance.  When the secondary market hit $20,000 for the tickets, the young analyst asked CFO if he should sell.  The CFO apparently said to go to the show (and stay chained to the desk forever). 
 
If I was young and about to be married, I’m sure I could figure out uses for that $20K other than a play.  OR at least sell those and buy ones for a week earlier/later that were cheaper and invest the rest.   

Hedge_87

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Re: Overheard at Work
« Reply #17984 on: June 23, 2017, 10:48:31 AM »
20K for a play? wow! what was the original ticket price?
There are two types of people in this world. Those who think they can and those who think they can't. They are both right. - Henry ford

craiglepaige

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Re: Overheard at Work
« Reply #17985 on: June 23, 2017, 11:54:10 AM »
Man what a moron. Not going to lie, I would love to go see Hamilton but not at the expense of $19k+.
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RyanAtTanagra

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Re: Overheard at Work
« Reply #17986 on: June 23, 2017, 12:16:52 PM »
Reminds me of when PT Cruisers were first coming out and the people who pre-ordered were getting offered 2x the sticker price.  And not selling.

prognastat

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Re: Overheard at Work
« Reply #17987 on: June 23, 2017, 12:20:37 PM »
There isn't a concert, show or event that would be worth almost 20k to me. Those tickets would be sold and I would enjoy the $800 a year at 4% they would be earning me when FIRE.

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Re: Overheard at Work
« Reply #17988 on: June 23, 2017, 12:25:05 PM »
Reminds me of when PT Cruisers were first coming out and the people who pre-ordered were getting offered 2x the sticker price.  And not selling.

This was my father to an extent. He was one that pre-ordered the PT Cruiser. Specifically a manual transmission. However, the dealership called on day to let him know that they had the exact model in but it was an automatic. Dad went ahead and picked up the automatic but told the dealership to keep the other pre-order active. 1 month later, Dad pulls up in an identical PT Cruiser as his other one, except it was a manual. That is an example of one of the many poor financial lessons I learned at a young age. Wish I would have realized then how dumb my parents were with money. Oh well, I know it now and I am hopefully a better example for my son.
« Last Edit: June 23, 2017, 12:27:22 PM by OneStep »

MgoSam

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Re: Overheard at Work
« Reply #17989 on: June 23, 2017, 12:41:19 PM »
Man what a moron. Not going to lie, I would love to go see Hamilton but not at the expense of $19k+.

Agreed! Could pay for the wedding with that (depending on your tastes). Also it might be a good litmus test for your fiance.

MrMoogle

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Re: Overheard at Work
« Reply #17990 on: June 23, 2017, 12:46:15 PM »
Man what a moron. Not going to lie, I would love to go see Hamilton but not at the expense of $19k+.

Agreed! Could pay for the wedding with that (depending on your tastes). Also it might be a good litmus test for your fiance.
Well the CW failed the litmus test.

JordanOfGilead

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Re: Overheard at Work
« Reply #17991 on: June 23, 2017, 12:57:40 PM »
Sitting in a conference room near the end of the day getting some work done with a couple coworkers.

One of them receives a link to a hose listing from her husband in a (relatively, compared to what is available around our office) HCOL area. 3 bed, 2 bath, 2 car attached garage, 2100sq-ft, way overpriced. She keeps talking about how nice it is (the kitchen was recently remodeled) and how it's on her favorite street in her favorite neighborhood (even though it would add an easy 15 minutes to her commute every day) and she doesn't care about school district because her son will be going to private school.

I make a comment that it sounds like she wants to work until she's 70.
She doesn't understand how anything she is doing is ridiculous.

I found a house a couple streets over in the same neighborhood with 4 bed, 3 bath, 2700 sq ft listed for $45k less. "But it's not nearly as nice!" The kitchen was about ten years outdated and a couple interior walls need painted. These things could have easily been resolved, even by her expensive standards, for less than $10,000 without lifting a finger, just by hiring somebody to do it... She changes the subject to "well private school isn't -that- expensive, I think we can afford it.

I give up. Some people just want to work until they die.

cheapass

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Re: Overheard at Work
« Reply #17992 on: June 23, 2017, 01:03:49 PM »
She changes the subject to "well private school isn't -that- expensive, I think we can afford it.

I give up. Some people just want to work until they die.

And then when they're still working at age 65, wondering where all that money went they'll bitch about how expensive life is! Humans are terribly irrational creatures.
Every single decision you make with money either shortens or lengthens your working career.

shelivesthedream

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Re: Overheard at Work
« Reply #17993 on: June 23, 2017, 04:31:59 PM »
Not overheard at work but my husband just saw that this thread runs to 360 pages.

"Why don't they just start a new one? They know it doesn't cost money, right?"

Smartarse.

It just wouldn't be the same.

I love the staying power this thread has.

I wonder what the longest internet thread ever is. Google throws up some very conflicting results.

Paul der Krake

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Re: Overheard at Work
« Reply #17994 on: June 23, 2017, 04:37:42 PM »
I wonder what the longest internet thread ever is. Google throws up some very conflicting results.
+1

arebelspy

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Re: Overheard at Work
« Reply #17995 on: June 23, 2017, 04:44:37 PM »
I wonder what the longest internet thread ever is. Google throws up some very conflicting results.
+1

I've seen some in the thousands of pages. I'm sure there are some much longer.
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You can also read my forum "Journal."

Ann

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Re: Overheard at Work
« Reply #17996 on: June 23, 2017, 05:08:34 PM »
A co-worker recently moved into an apartment on his own. Previously he had been living with his sister and her boyfriend in a house that the three rented together. His sister and boyfriend bought a house together and invited him to rent a room from them, but he declined because he "didn't like the idea of paying for someone else's mortgage". I was rather dumbstruck especially because he is a bright guy, and I couldn't fathom having that mentality. I attempted to reason with him a bit, but he wasn't having any of it so I backed off.

I had a roommate say the same thing.  We had been roommates for a long time and I was thinking of just buying a house and renting a room to him.  "Why would I want to pay your mortgage?"  I was so dumbfounded by that lack of logic I didn't even know how to respond.  Ended up not doing it just based on how annoyed his tone was at the idea.

"So you don't have to assume any of the risk"

Also... by their own logic it seems they are willing to pay someone else's mortgage... just not someone they know! Haha. Crazy.

I agree with SydneyStache.

Count me as a person who doesn't like to mix business with family or friends.  For people like me, it keeps the boundaries nice and clear.  I would HATE to have a live-in lab lord whom I not only must satisfy as a tenant but also maintain as a friend.

If I pay my rent late, I am asked to pay a fee (I don't pay it late, but if I did ..).  If my land lady is personally annoyed, it is irrelevant.  If my land lady increases my rent each year, I may sigh and grumble to myself but it doesn't affect my friendships.  I can see someone complaining that their house-owning friend is "greedy" because they increase the rent.  I know a friend who bought a car from her uncle.  She didn't pay in cash but made "payments" for several years.  The family was upset that the uncle would be greedy enough to charge INTEREST.  So, he sells her a car and the terms of the deal are made before it happens, yet this is greedy? 

I also lived with a friend and her boyfriend.  Theyey got engaged that year.  Luckily we were all renting and they lived by themselves together the next year.  I can only imagine the power dynamic if they owned the place.   Turned out okay, but they were really ready to "nest".

Traditional renting ha clearly defined obligations.  Renting from a friend has extra emotional stipulations. 

RyanAtTanagra

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Re: Overheard at Work
« Reply #17997 on: June 23, 2017, 05:59:41 PM »
A co-worker recently moved into an apartment on his own. Previously he had been living with his sister and her boyfriend in a house that the three rented together. His sister and boyfriend bought a house together and invited him to rent a room from them, but he declined because he "didn't like the idea of paying for someone else's mortgage". I was rather dumbstruck especially because he is a bright guy, and I couldn't fathom having that mentality. I attempted to reason with him a bit, but he wasn't having any of it so I backed off.
I had a roommate say the same thing.  We had been roommates for a long time and I was thinking of just buying a house and renting a room to him.  "Why would I want to pay your mortgage?"  I was so dumbfounded by that lack of logic I didn't even know how to respond.  Ended up not doing it just based on how annoyed his tone was at the idea.
"So you don't have to assume any of the risk"
Also... by their own logic it seems they are willing to pay someone else's mortgage... just not someone they know! Haha. Crazy.
I agree with SydneyStache.

Count me as a person who doesn't like to mix business with family or friends.  For people like me, it keeps the boundaries nice and clear.  I would HATE to have a live-in lab lord whom I not only must satisfy as a tenant but also maintain as a friend.

If I pay my rent late, I am asked to pay a fee (I don't pay it late, but if I did ..).  If my land lady is personally annoyed, it is irrelevant.  If my land lady increases my rent each year, I may sigh and grumble to myself but it doesn't affect my friendships.  I can see someone complaining that their house-owning friend is "greedy" because they increase the rent.  I know a friend who bought a car from her uncle.  She didn't pay in cash but made "payments" for several years.  The family was upset that the uncle would be greedy enough to charge INTEREST.  So, he sells her a car and the terms of the deal are made before it happens, yet this is greedy? 

I also lived with a friend and her boyfriend.  Theyey got engaged that year.  Luckily we were all renting and they lived by themselves together the next year.  I can only imagine the power dynamic if they owned the place.   Turned out okay, but they were really ready to "nest".

Traditional renting ha clearly defined obligations.  Renting from a friend has extra emotional stipulations.

I agree, there can be many reasons to not want to rent a room in a friend's home, but not wanting to pay for their mortgage is the least logical.

firelight

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Re: Overheard at Work
« Reply #17998 on: June 23, 2017, 08:05:51 PM »
A co-worker recently moved into an apartment on his own. Previously he had been living with his sister and her boyfriend in a house that the three rented together. His sister and boyfriend bought a house together and invited him to rent a room from them, but he declined because he "didn't like the idea of paying for someone else's mortgage". I was rather dumbstruck especially because he is a bright guy, and I couldn't fathom having that mentality. I attempted to reason with him a bit, but he wasn't having any of it so I backed off.
I had a roommate say the same thing.  We had been roommates for a long time and I was thinking of just buying a house and renting a room to him.  "Why would I want to pay your mortgage?"  I was so dumbfounded by that lack of logic I didn't even know how to respond.  Ended up not doing it just based on how annoyed his tone was at the idea.
"So you don't have to assume any of the risk"
Also... by their own logic it seems they are willing to pay someone else's mortgage... just not someone they know! Haha. Crazy.
I agree with SydneyStache.

Count me as a person who doesn't like to mix business with family or friends.  For people like me, it keeps the boundaries nice and clear.  I would HATE to have a live-in lab lord whom I not only must satisfy as a tenant but also maintain as a friend.

If I pay my rent late, I am asked to pay a fee (I don't pay it late, but if I did ..).  If my land lady is personally annoyed, it is irrelevant.  If my land lady increases my rent each year, I may sigh and grumble to myself but it doesn't affect my friendships.  I can see someone complaining that their house-owning friend is "greedy" because they increase the rent.  I know a friend who bought a car from her uncle.  She didn't pay in cash but made "payments" for several years.  The family was upset that the uncle would be greedy enough to charge INTEREST.  So, he sells her a car and the terms of the deal are made before it happens, yet this is greedy? 

I also lived with a friend and her boyfriend.  Theyey got engaged that year.  Luckily we were all renting and they lived by themselves together the next year.  I can only imagine the power dynamic if they owned the place.   Turned out okay, but they were really ready to "nest".

Traditional renting ha clearly defined obligations.  Renting from a friend has extra emotional stipulations.

I agree, there can be many reasons to not want to rent a room in a friend's home, but not wanting to pay for their mortgage is the least logical.
But maybe the easiest to discuss and get off the hook?

LennStar

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Re: Overheard at Work
« Reply #17999 on: June 24, 2017, 05:43:31 AM »
Not overheard at work but my husband just saw that this thread runs to 360 pages.

"Why don't they just start a new one? They know it doesn't cost money, right?"

Smartarse.

Probably one about spaces or tabs.
It just wouldn't be the same.

I love the staying power this thread has.

I wonder what the longest internet thread ever is. Google throws up some very conflicting results.