one last thing. The property in East Hampton with the $650K mortgage is showing a Zillow value of $2.65 MILLION DOLLARS. What am I missing here?!
Seems the author has an easy out of his financial pickle...
one last thing. The property in East Hampton with the $650K mortgage is showing a Zillow value of $2.65 MILLION DOLLARS. What am I missing here?!
@Flyboy. I don't think we really disagree to the extent you think. I have little sympathy with the author. My point is really, I don't care very much. There will always be winners and losers in life. My goal in life is always to be one of the winners. Problem is our society seems to be encouraging a loser's stategy. I guess the more losers there are the easier if is to be a winner? The only problem I see is that the losers might overrun the the rest of us.
He has $2M equity in his house? Could there be others loans on the house than the mortgage you are seeing?
Very nice! How do you find this kind of information?Oh yeah...a few tidbits about the author (from public records):
2012 Judgment for AMEX Balance: $36,442
2012 Judgment for CITI NA Balance: $14,066
2012 Lien NY Taxes Balance: $2,812
2010 Lien US IRS Balance: $15,431
2010 Lien US IRS Balance: $60,968
2010 Lien NY Taxes Balance: $10,170
2008 Lien NY Taxes Balance: $12,790
2006 Judgment Penguin Group Balance: $189,919
2005 Lien US IRS Balance: $51,110
OK...I am tired of transcribing this information, but it keeps going and it goes back to 1993.
Very nice! How do you find this kind of information?
Ha
I happened to email this information to the writer of the article on Slate (Helaine Olen) and she seems very interested in gathering more information on this and perhaps addressing this in another article. She was quite surprised that Atlantic would publish the article if they knew of his "true financial picture."
I would pontificate that it's because of clickthroughs. I think that editors will look the other way and ignore facts if they can get away with it. Just another example of how journalism is just very journalistic anymore.
Most farmers I have known are not stupid; and many know how to keep their income subject to taxation low through cash transactionslDo you seriously think that teachers are in the same intelligence range as garbage collectors and custodians? And that farmers are stupid? You must have never know people in either profession.
Thanks Flyboy I had no idea...
I have been blessed I've always been able to pay my bills; not saving for retirement is one thing but getting into Credit Card Hoc and dancing with IRS... This author is clearly a spend thrift and a blow hard ...
when you don't pay Your taxes you steal from all of us.
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So he borrows money from his parents and his children and thinks he has a financial problem? I'd look more at an overall moral problem.
I'd say that the USA Today article says more about the biases of a writer trying to get a good headline than it says about average Americans."In a 2010 report titled “Middle Class in America,” the U.S. Commerce Department defined that class less by its position on the economic scale than by its aspirations: homeownership, a car for each adult, health security, a college education for each child, retirement security, and a family vacation each year. By that standard, my wife and I do not live anywhere near a middle-class life, even though I earn what would generally be considered a middle-class income or better. A 2014 analysis by USA Today concluded that the American dream, defined by factors that generally corresponded to the Commerce Department’s middle-class benchmarks, would require an income of just more than $130,000 a year for an average family of four. Median family income in 2014 was roughly half that."
In short, much of the "middle class" aspires to a life that is twice as expensive as they can afford without going into massive debt.
Oh yeah...a few tidbits about the author (from public records):
2012 Judgment for AMEX Balance: $36,442
2012 Judgment for CITI NA Balance: $14,066
2012 Lien NY Taxes Balance: $2,812
2010 Lien US IRS Balance: $15,431
2010 Lien US IRS Balance: $60,968
2010 Lien NY Taxes Balance: $10,170
2008 Lien NY Taxes Balance: $12,790
2006 Judgment Penguin Group Balance: $189,919
2005 Lien US IRS Balance: $51,110
OK...I am tired of transcribing this information, but it keeps going and it goes back to 1993.
Not morally, though.[T]his guy will have lived well beyond his means, and despite some ups and downs, vary well may have lived a better life (personally and materialistically) than those of us who sacrificed and paid our own way.
Good work.I happened to email this information to the writer of the article on Slate (Helaine Olen) and she seems very interested in gathering more information on this and perhaps addressing this in another article. She was quite surprised that Atlantic would publish the article if they knew of his "true financial picture."
I have access to a database that compiles public record information. You'd be amazed at what is publicly available. It's really quite scary.
.
I have no problem with the article, he's not lying, he really is broke.
Also fairly well celebrated;
https://en.wikipedia.org/wiki/Neal_Gabler
He seems a pretty smart guy, just not financially eh? Yeah lived beyond his means no doubt. But since the government filed the liens, we will get our dough eventually I'm sure.
I'm guessing winning is making him look bad by posting his info on Wikipedia.I have no idea what you mean.
The info on wiki is bogus?
He didn't write the 5 books he said he did?
Win what?
I will not confirm that the source is this one I used, but it's probably something close. I'm sure you could find it all at the Suffolk County Clerks office though.Yes, I am amazed......... But..........
Apparently you desire to keep your source of this info confidential. You say it's publicly available but won't mention where......
Not that I have any doubt, I don't in the least, but could you at least pass along a few hints where the publicly available info came from? One of those Internet services that advertises on late night TV? Something you have access to because of your former gov't employment? Something like the old Dunn and Bradstreet reports?
Just curious as to the source of my amazement. Thanks.