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Jughead

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Posts posted by Jughead

  1. Let me make it clear that I didn't take a defiant stance in an effort to prove something by forcing the system to martyr me. I did my job...and well. Nothing more, nothing less.

    What these guys are trying to point out to you--and the point you are evidently missing--is that did not do your job well, at least in this one area. Like it or not, think it's stupid or not, hate the correspondence-as-prerequisite for residence, etc... PME is a job requirement and one that is rather well-spelled out by your former employer.

    Just for reference, IMHO: PME is a good thing (but the implementation is terrible); correspondence-as-prerequisite is just plain dumb; AAD requirement is full retard.

    Work to change the system, and you'll have my full respect and support. Make a personal choice not to accomplish a job requirement (that is not mandatory for current job but required for promotion, even if only in a de facto sense), and I still respect & support that choice & your right to make it--so long as you're willing to own the consequences of that choice. In the sense that you apparently are happy & successful in your post-AF life and don't regret how you got there, good on you for owning it; in the sense that you're whining here about how screwed the system is and how you "did your job... and well," that's where you've lost me....

    EDIT: grammar/spelling

  2. I got my AAD from Embry Riddle. Every class I took was related to flying. It made me a better pilot and prepared me for what I thought was going to be my next career in the airlines. It was easy and I knocked it out going to night school for 18 months. I was a better officer because of what I learned from my classmates and the course.

    This is the funniest thing I've read here in a while....

    • Upvote 1
  3. I was disappointed with Flight Safety's training overall

    May I ask why (and/or, what was lacking)? Did you go through Atlanta, or had they branched out to other locations?

    I had a mixed bag when I went through (ATL)--some of the instructors were solid, others... not. Agreed on getting comfortable with the airplane before ever actually flying one (hell, before ever actually seeing one)....

  4. the ability to punch if the next assignment involves a UAV or a 365.

    "UAV," got it.

    "365"--that's a dangerous game. If your primary (or at least a significant) motivator is to avoid a 365, taking a PCS (w/ it's two year commitment) may land you a 365 six months to a year down the road that you can't decline....

  5. I'm considering renting a U-haul, and doing a DITY move, and just strapping the bike inside. Anyone have experience with this or any other methods/suggestions?

    I assume the U-haul you have in mind is a truck (vice trailer), since you say your vehicle can't tow...?

    U-hauls ain't cheap--depending on how much weight you get into it, you may not get all your money back (and if you're strapping the bike in, that will take up a lot of room that might otherwise be carrying your heavy stuff that could make it worthwile, financially). Make sure you crunch the numbers first.

    If you can figure out a way to tow, I highly recommend buying a trailer. It will pay for itself by the second time you PCS with it, is tax-deductible (you bought & used it to produce income--your DITY pay), and the weight of the trailer counts toward your overall weight (make sure it can legitimately be called a "motorcycle trailer"--things like a ramp, wheel chocks, tie-downs, etc.--or else this last bit isn't true).

    Good luck!

  6. the only guy I've ever heard of to dead-stick a tanker to a successful landing!

    Thinking about this reminds me of another one--during my timeframe, so it's less legend & hopefully more dependable. Any falsehoods in the following are likely my own misunderstanding, but:

    A KS Guard E-model tanker from Forbes was at McConnell--more accurately, at Boeing-Wichita--getting an "upgrade" to the fuel system, something to do with a Teflon lining in the tanks that would prevent fungus growth. Mod is done, FCFs complete, crew comes to pick up the jet, takes off for the short flight home--and loses an engine at gear retract. Interesting, but no real pucker, practice it all the time. Heading toward holding & cleaning up the failed engine, and a second one quits. YGBFSM, screw the checklist, let's get our asses on the ground. Turning base on a bastardized visual VFR pattern-ish approach, third engine quits. Last engine got them to the flare, then it quit. As I heard the story, the only thing they broke on the landing was a couple of blown tires when they lost SA on the antiskid in all the excitement.

    Investigation was short. At issue was the wonderfully fungus-free Teflon lining--turns out that JP-8 is a solvent for it. (Seemed like a good idea at the time...?) Lining shredded itself, gunked up the entire fuel system until the point of fuel starvation to all engines. Jet never flew again--last I heard, they canned everything they could off of it and are using the airframe as a cargo load trainer.

  7. Everyone's talking about the weight savings. In the KC-135 at least, it was done for man-hours purposes. I suspect the same is true for other airframes that formerly carried 'chutes. Given the metric shit ton of other life support gear we carried around with only a very limited set of useful scenarios, the "save weight" aspect is a fringe benefit at most....

  8. no way I'm staying on the jet unless I have a very good reason to stay (pax, below min safe bailout altitude, no parachute available...).

    FIFY

    Only reason bailout procedures are still in the -135 Dash-1 is for post-depot FCFs--where the escape spoiler is charged & the crew is (theoretically) wearing their 'chutes.

  9. Well perhaps you'll educate me? While terms may differ depending on what bank and what mortgage contract you sign, I'm under the impression that when you have a mortgage that contract includes language giving the bank the ability to seize the mortgaged asset if you are unable to pay your mortgage payment. I understand they may "work with you," but that is the bank's call. They can just take the property plus the money you threw in paying off the mortgage. If this is not a true statement, then by all means, please educate me.

    Seize the asset to force a sale, yes. Keep more than what they're owed plus expenses of getting that money (cost of sale, legal, ongoing interest during foreclosure, etc.), no. That's the part of your statement that was incorrect (the bank keeps your equity).

    If you get foreclosed, will it be expensive as hell & an enormous hit to your credit (not to mention a humongous PITA)--no doubt, and it should be avoided if at all possible. However, it's inaccurate to state that the bank gets to keep all your equity. You possibly lose your equity, if that equity falls short of the expenses involved (plus a potentially low-price foreclosure sale), but that's a case-by-case situation, generally applying to those with minimal equity.

  10. It means that if you pay X into your mortgage, but your mortgage is X+100, and you lose your income and are unable to pay your mortgage, not only can the bank take your house, but it also takes X.

    I understood the words you used in your original post. I was wondering if you understood how foreclosure works. It is now apparent that you do not.

    I'm beyond measuring dicks. But to prove a point for some young impressionables, I'm willing to pony up some numbers for comparison. I may be beat by some lucky gamblers who have posted in this thread, but I doubt it. I can promise you though that I'm FAR more financially successful with my "debt is a threat" and live well below your means viewpoint (and I'm not even a Dave Ramsey guy), than 99 out of 100 dudes in the military, my rank, my time and service.

    Nope, no dick measuring here....

    EDIT: grammar/clarity

  11. First off, I hate debt - whatever the form or justification. The appeal of owning an investment property outright with no mortgage is just too appealing to me. Even though I'm only paying about 3% interest, I'd rather not be paying 3% interest.

    What everyone else has already told you--makes no sense to pay off ~2.5% money with 5%-10% (or more) money (Google "opportunity cost" for details). The one exception to that is an intangible, i.e., if you can't sleep at night, then paying off the debt is "worth it" in that sense. Just have your eyes open to the fact that you are paying real money for that peace of mind.

    ALSO: if you're unable to stomach debt, then you probably should re-think the rental idea. The sweet spot for a rental is to have positive cash flow but still show a loss for taxes (i.e., your income minus expenses is zero or greater, but less than allowable depreciation). Even a negative cash flow isn't all bad, so long as your budget can handle it, as you'll net more after taxes. Then, at tax time, you show an "above-the-line" loss that reduces your AGI, which plays into a whole host of other tax figures (say, your 2%-limited itemized deductions).

    On the other hand, if you make money (after depreciation) on your rental, that's an above-the-line gain that has the opposite effect on your AGI (and all the other numbers it affects). OH, and now you have income "sourced" in the state where your property is located, so you get to pay state income tax on that amount as well, regardless of where your state of legal residence is....

    I'm glad that I can get a mortgage on a seperate home, but what about the rate? Will I still be able to get a good rate, or will the fact that I owe on another home hurt the rate I can get?

    So long as you have a lease, the bank will take that into consideration. Varies from lender to lender, but typically you'll get "credit" for 75% occupancy on a new, one-year lease--i.e., all of your expenses count against your debt, and you get 75% of your rental income considered for calculating your debt/income. That percentage may go up as you gain a longer history showing consistent occupancy and/or longer-term leases (again, varies from lender to lender). If that additional 25% "cost" is enough to put you in a different category (higher debt ratio), then it will hurt your rate (or potentially even keep you from getting the loan); if your budget can cover that "cost," then no impact. Way too many variables to give you a firm answer, talk to a mortgage lender for your own situation.

  12. He made the point that logic/common sense should define AFIs and not the other way around.

    Isn't this how "regulations" became "instructions," followed shortly by "COMPLIANCE WITH THIS PUBLICATION IS MANDATORY" being printed on all the "instructions" that we were supposed to treat as general guidelines...? Welcome to the mid-90s....

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