Hmm, What Is Apple Doing?


#1407

I think you mean secrecy. Apple badges are much more sociable than Googlers.

Or you miss those 20% self-directed project?


#1408

Privacy IS NOT overrated.


#1409

openness=less secrecy, sure.


#1410

Not to you apparently. To Facebook’s 2B users it is.


#1411

Every last one of us count. Slippery slope. Lack of privacy gives way to authoritarian and oppressive governments, there’s also that aspect.


#1412

You mean we won’t be living in a matrix? Thought that is the ultimate outcome.


#1413

Tesla apparently tracks all its cars and has detailed log of everything. Is it a breach of privacy?


#1414

Can’t help it, is the total culture.

Apple is obsessed with perfection mean it would take a lot longer than others to release a product. If a competitor got wind of its product even half way, competitor can easily launch a not so perfect product in a relative short time before Apple. In order to be a little more open (less secrecy), Apple has to reduce their obsession a little.


#1415

Obviously. I didn’t order any Ts.


#1416

Given how popular Tesla is, even among the computer literate techies, you can see how little people value their privacy.

There is a trade off between convenience and privacy. It’s been proven people are willing to trade a large amount of privacy for even a little more convenience.


#1417

There’ll be a time where people will fight for their privacy, whether in the name of freedom, rise against authoritarian government, something.

Sure we trade it today, not because it’s not super convenient to do, but because we do not understand downstream implications.

“i have nothing to hide” is not a good reason to give up privacy.


#1418

On similar fronts, I am looking into buying my first property, and hide ownership through land trusts (not something you can reduce taxes, it’s just it gives privacy).


#1419

A potential disadvantage of land trusts is the false belief that the trust protects property owners from all liability. Even in Illinois, where the modern real estate land trust was born, courts have ruled that the real property owner, not the trustee, is liable in cases dealing with the direct management of the property [source: Murray]. It’s also dangerous to think that a land trust offers bulletproof privacy. A court can order full disclosure of property ownership for any number of civil and criminal complaints. The legalities of land trusts are highly complex and differ state by state, so it’s critical to obtain the counsel of a reputable trust lawyer.


#1420

I do not want bullet proof privacy, and i am not hiding legal ownership in court. I just want my address not be available through google search, i do not want how many properties i might own in the future be available through the same, etc. This is an info only i should care.

IF i go fancy, I can set up off shore trusts/accounts/etc to buy re, but i am not a cash buyer, so eventually the bank knows what i own, anyways.


#1421

All your properties are on realist…Easily accessible by any realtor ot title company…Public record…Unless you put your properties in an anonymous LLc…


#1422

land trust still hides it. The trustee is someone completely different from you, and the ‘beneficiary’ which is you is not visible.

your bank still knows it, though.

I am not sure about LLCs in california (or whether it can be out of state like delaware).


#1423

You care about privacy so much that’d you’d trust someone else to be your trustee?


#1424

Trustee doesn’t have much power and needs beneficiary approval, and you make them to “resign” right away.

The settlor often remains the beneficiary of the trust for his/her lifetime. In essence, the trustee holds the title to the property and must follow the instructions of the beneficiary. The beneficiary typically has the absolute right to direct and control the trustee, and receive all income from the trust. The trust agreement, at the creation of the trust, governs the relationship between the trustee and beneficiary. Thus, the trustee often has no more power than the settlor gives him. Plus he or she has no function other than to do as the trust deed instructs.

The good thing with these kind of trusts are: You can still get a mortgage, and transfer to trust does not trigger due on sale.

The down side of this is the “auction pressure” in bidding goes down, as i know most agents try to stay away from trust sales for almost no reason.


#1425

You can also technically make an LLC the beneficiary of the trust (which again does not get publicly recorded). This normally should trigger due on sale, but it’s not recorded so banks won’t see it. I am not planning to do it at all.

The other question with this set up is whether LLC would count in court in case of liability lawsuit. Not a lawyer, but these things sound fascinating to me to learn.


#1426

You should just hurry up and buy a home. How much have prices increased while you’re waiting? Even if there’s a 10% correction, you’d still be better having bought when you started looking. 2009 was literally a once in a lifetime event. The last RE correction that big was the great depression.