Results 7,401 to 7,425 of 26884
Thread: Real Estate Crash thread
-
05-17-2019, 11:03 AM #7401Registered User
- Join Date
- Oct 2007
- Posts
- 12,609
-
05-17-2019, 11:08 AM #7402
I thought the point of TGR was to post slightly anonymous details about your life to allow others to berate and question you for them, all from the comfort of the dentists office?
-
05-17-2019, 11:09 AM #7403Registered User
- Join Date
- Oct 2007
- Posts
- 12,609
-
05-17-2019, 11:14 AM #7404
-
05-17-2019, 11:16 AM #7405
When you own in one of the hottest RE markets in America, of course that makes you an expert. There were millions of people like that in Florida and Nevada in 2006.
-
05-17-2019, 11:17 AM #7406Banned
- Join Date
- Oct 2003
- Location
- In Your Wife
- Posts
- 8,291
-
05-17-2019, 11:25 AM #7407
Uh, dude, I did no such thing. I didn't pay PMI, I did an 80/15 and put 5% down, precisely to avoid PMI. But I recognized that whether I paid PMI or paid the poorer terms of the 15% loan, I was paying extra for putting only 5% down; that if you choose to only put 5% down you won't get the same loan terms as a 20% down loan. How you structure that choice is up to you. All I did was question him, because his initial posts came across like everyone else was foolish, that all one needed to avoid paying extra was to shop around a bit. So I asked him what he did to avoid PMI while putting down 5%, and then it was like pulling teeth (see what I did there?) to get him to acknowledge that yes, his loan had a higher interest rate than it would have had he put 20% down. So just like everyone else, he paid a premium by not putting 20% down. And sure, maybe some uber wealthy people have different loan options available (not being one I wouldn't know), but for the average person, this is the reality.
Never said that one must put 20% down. Never said that he should have paid PMI, or that anyone should. But whatever, this is TGR, facts don't matter, so knock yourself out."fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
"She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
"everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy
-
05-17-2019, 11:26 AM #7408
-
05-17-2019, 11:26 AM #7409
I was just down in south Florida for my sister's wedding. You would never know there was a real estate crash there 10 years ago. Amazing.
Live Free or Die
-
05-17-2019, 11:27 AM #7410
-
05-17-2019, 11:30 AM #7411
What?
-
05-17-2019, 11:31 AM #7412
Brick & Mortar Meltdown, Manhattan Style
https://wolfstreet.com/2019/05/16/br...-rents-plunge/
5th Avenue b/w 49-55 streets fell 22% to $3047/sq ft!Because rich has nothing to do with money.
-
05-17-2019, 11:33 AM #7413
Never a better time to buy, if you don't buy now... you won't ever get this opportunity to buy this property again.
-
05-17-2019, 11:34 AM #7414Registered User
- Join Date
- Oct 2007
- Posts
- 12,609
I hope to sell it all off in 5 years to move to Union City, TN.
-
05-17-2019, 11:51 AM #7415
Anyone ever buy points? Worth doing in your experience? Buying retirement home now so going to be in home longer than calculated term of point pay back.
-
05-17-2019, 12:13 PM #7416
-
05-18-2019, 08:54 AM #7417
-
05-18-2019, 09:21 AM #7418
I've been waiting for that recession. When the fuck will Trump and /or greedy corporations tank it?
Funny thing is the poor keep getting more poor but that doesn't seem to create recession. Just when rich fucks lose does it happen.
-
05-18-2019, 09:47 AM #7419Registered User
- Join Date
- Jan 2010
- Location
- your vacation
- Posts
- 4,718
most logical thing I've heard lately
war...... I like how we want to kill iran now, whatever it's all talk to keep attention away from what's really going on
never really thought about the bankruptcy thing, that's pretty serious, could see any of the companies you mentioned filing, they stiff all their creditors suppliers and what not, reorganizing and keep on keeping on with a black eye of sorts
credit is so easy to get these days, I played alittle game this last month and increased and gathered up as much credit as I could for my business, why not they were handing it out like lolipops, just had to have a massive amount of cash in the bank, to pretend I was rich, then applied for all kinds of credit, so now I'm considering maxing out all the credit I can, pissing it away, claiming bankruptcy, leave everyone else screwed and riding off into the sunset in my 100k sprinter van without a worry in the world, gotta love america
-
05-18-2019, 10:12 AM #7420
-
05-18-2019, 10:28 AM #7421
-
05-18-2019, 10:33 AM #7422Registered User
- Join Date
- Jan 2010
- Location
- your vacation
- Posts
- 4,718
I prolly wasn't clear cash for the sprinter, for sure, register it in my parents name like I did with my house
commingling personal and business is the only way to go, makes the irs audit harder to do
writing off grocries as meals and entertainment
I'm a c or s or something incorporated, don't have a clue, I just know I get a paycheck twice a month, don't ever take tax or money advice from me
-
05-18-2019, 12:22 PM #7423
-
05-18-2019, 01:00 PM #7424
-
05-18-2019, 04:19 PM #7425"fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
"She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
"everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy
Bookmarks