Time to get on the TRUMP train

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12-29-2016, 01:54 AM
tyde

Quote:

Originally Posted by Dan Druff

Quote:

Originally Posted by Tyde

I will happily donate $50.00 to the radio freeroll if Druff post restricts FPS to (1) post per day in my Trump thread.

On a side note...this guy SantaCruz is a full blown mongoloid libtard idiot.

#MAGA

DONE

FPS, I have to agree that your posts in this thread are largely unreadable and frequently off-topic (or at least off any topic anyone wants to discuss).

I have no way to restrict someone to 1 post per day in a particular thread, but I am going to ask FPS to follow this guideline, at least until his postings become more relevant, at which point I'll revisit it.

Marty PM me for payment info.

Druff I am at sea for another 3 or 4 days, but can ship PayPal to dish if he is willing.

As I understand it, you don't have PayPal anymore, so if dish can't do it, just find someone else that can receive funds and send to you via some other method.

I can ship prob Jan 3rd or 4th when we are shoreside again.

I would send now but my internet is too slow to allow me to log into the PayPal site.

Oh and FPS....

do you like apples ?
12-29-2016, 02:16 AM
handicapme

Quote:

Originally Posted by sonatine

Quote:

Originally Posted by abrown83

Yea as soon as interest rates started running I sold my second home in the city.

I was going to take the profit from that and buy a new primary home but now I am being a cheap bastard and going to remodel some of the basement instead.

Can't justify going from 3.25 to 4.25. That's 25,000 per 100,000 financed. So 500,000 home will cost me $125,000 more over the life of the loan (if not paid off early). Yea 1% fucking matters.

Ive been house hunting since fall, 1% is an extinction event for those plans, its simply outrageous. And its based on total and absolute vapor. People saw this coming and bought houses before shit went nuts and somehow that translated into 'oh apparently everyone has jobs now and can afford to buy houses so lets raise rates because we arent on fire and everything is fine'.

And because that koolaid is well fucking drunk, we can expect rates to hit 4.75 before the blood dries.

Anyone rocking an ARM should be on mandatory suicide watch.

Also real fucking talk I wonder how many of those home sales were Chinese investors looking to diversify from bitcoins...

Complaining about 100bps over 30yrs is like equivalent to complaining about taxes on a cocktail.

1. If you use the full 30yrs then it is vastly hurting you (fuck maybe you shouldn't be buying a house either), however any good lawyer or accountant or financial advisor will tell you that even paying 1 extra mortgage payment a year will decrease your WAL by like ~6yrs and 2 by ~10yrs.

2. You're an idiot if you get an ARM mortgage and don't plan on paying off the house you purchased before the reset date. People still do it, and it worked out for them longer than it should it have, but now they're going to see their mistake now. In theory it's still not that fucking bad for them, give in another 5 resets then lol.....

3. Keeping rates artificially as low as they were over the last few yrs will have caused more damage then good had it continued. Low rates will actual hinder economic growth in the long term and gives a false sense of the norm to people like you. In 05 a IR of 5.75% on a mortgage was solid as fuck and now people are shitting on 4.5%???? In 1999 it was 7.5% and people were buying...

If you're going to buy, yes you missed a nice boat (literally closed on my place a few weeks before our emperor was elected so), butttttt rates are still fucking low. Buy now because if you're complaining about 4.5%, that's sure gunna look better than 6% in a few yrs.
12-29-2016, 02:33 AM
sonatine

Quote:

Originally Posted by handicapme

Buy now because if you're complaining about 4.5%, that's sure gunna look better than 6% in a few yrs.

Honestly this is kinda where Im heading emotionally, least of all because if rates drop for whatever reason, fuck it I can refinance, but I'm already seeing house prices pumped up 10%'ish because sellers see interest rates rising and just assume people are buying again because 'the Trumpconomy' is about to reanimate the middle class etc.
12-29-2016, 02:39 AM
Gordman

Quote:

Originally Posted by RealTalk

Lol @ gordman thinking he was ahead of the curve in seeing FPS as a mong

I never said i was ahead of a curve you fucking douchnugget mongoloid fuckstain.

Im simply pointing out how,instead of accepting reality, the special faggot snowflakes in this thread vigorously massage FPS'S prostate ( because that is all the expertise they can gather) even though a 10 dollar crack whore hooker would look like a fucking genius next to him.

Now, im drunk and pissed off at you libtards but I think you get the point.

No wonder why this whole forum has gone to shit. Most of the good posters left.
12-29-2016, 02:47 AM
Gordman

If i was using a laptop right now id highlight all of the shallow kudos telling FPS to keep posting. There are plenty. Even from Vegas, who i thought had alot more common sense than to resort to that
12-29-2016, 03:23 AM
Henry

And Gordman. FPS and Gordman. 2 posts a day max between the two. 1 each. 1 max each.
12-29-2016, 04:08 AM
Henry

Just to clarify: 2 is the maximum number of posts per day that we would have to read between the two. But they would each max out at 1. For example, if FPS did not use his post for the day, Gordman would not recieve a second post. He would still only get 1.

So while the new framework of the deal is a package deal in the fact that they're both included, they would not be treated as a package, they would be treated as individuals, capped at 1 post each, in the deal. If that makes sense.
12-29-2016, 04:33 AM
Mintjewlips

Lol at obsessing over cabinet picks that have to be confirmed by Congress, i mean you're literally arguing about shit that might not even happen.
12-29-2016, 06:04 AM
abrown83

Quote:

Originally Posted by handicapme

Quote:

Originally Posted by sonatine

Ive been house hunting since fall, 1% is an extinction event for those plans, its simply outrageous. And its based on total and absolute vapor. People saw this coming and bought houses before shit went nuts and somehow that translated into 'oh apparently everyone has jobs now and can afford to buy houses so lets raise rates because we arent on fire and everything is fine'.

And because that koolaid is well fucking drunk, we can expect rates to hit 4.75 before the blood dries.

Anyone rocking an ARM should be on mandatory suicide watch.

Also real fucking talk I wonder how many of those home sales were Chinese investors looking to diversify from bitcoins...

Complaining about 100bps over 30yrs is like equivalent to complaining about taxes on a cocktail.

1. If you use the full 30yrs then it is vastly hurting you (fuck maybe you shouldn't be buying a house either), however any good lawyer or accountant or financial advisor will tell you that even paying 1 extra mortgage payment a year will decrease your WAL by like ~6yrs and 2 by ~10yrs.

Such 1980s thinking

I pay my 3.25% mortgage every month, and dump all my extra money into savings and retirement.

Why? I am almost guaranteed to get a better rate of return than 3.25% over 30 years.

Add in about a 35% tax break between State and Federal on that 3.25% and there's no way you can justify paying off early.
12-29-2016, 06:55 AM
MumblesBadly

1 Attachment(s)
12-29-2016, 07:15 AM
FPS_Russia

Quote:

Originally Posted by Tyde

Quote:

Originally Posted by Dan Druff

DONE

FPS, I have to agree that your posts in this thread are largely unreadable and frequently off-topic (or at least off any topic anyone wants to discuss).

I have no way to restrict someone to 1 post per day in a particular thread, but I am going to ask FPS to follow this guideline, at least until his postings become more relevant, at which point I'll revisit it.

Marty PM me for payment info.

Druff I am at sea for another 3 or 4 days, but can ship PayPal to dish if he is willing.

As I understand it, you don't have PayPal anymore, so if dish can't do it, just find someone else that can receive funds and send to you via some other method.

I can ship prob Jan 3rd or 4th when we are shoreside again.

I would send now but my internet is too slow to allow me to log into the PayPal site.

Oh and FPS....

do you like apples ?

Druff but fair.

FPS'S DAILY POST

Yea apples are good, remember I was tossing around the idea of going vegan. You know that $50 is mine for the taking right? You should put up another $50 for Druff to ban me from the freeroll. I rarely play but when i do I crush obv.

What would a FPS post be w/o a vid.
https://www.youtube.com/watch?v=yLzgzvVxUV4
hagd.
12-29-2016, 09:31 AM
handicapme

Quote:

Originally Posted by abrown83

Quote:

Originally Posted by handicapme

Complaining about 100bps over 30yrs is like equivalent to complaining about taxes on a cocktail.

1. If you use the full 30yrs then it is vastly hurting you (fuck maybe you shouldn't be buying a house either), however any good lawyer or accountant or financial advisor will tell you that even paying 1 extra mortgage payment a year will decrease your WAL by like ~6yrs and 2 by ~10yrs.

Such 1980s thinking

I pay my 3.25% mortgage every month, and dump all my extra money into savings and retirement.

Why? I am almost guaranteed to get a better rate of return than 3.25% over 30 years.

Add in about a 35% tax break between State and Federal on that 3.25% and there's no way you can justify paying off early.

I typed out 2 long responses on my phone but the site didn't save it...

Long story short, yes you can get a higher rate of return than 3.25%, however here is the risk. IG bonds will pay you 50bps over that currently, if rates continue to rise (they will I think) your return compared to the market will have decreased... you can sell for a loss (because people wanting to buy your product will want similar market returns so your PAR bond is now 98pts). This shouldn't discourage you from investing, but I'd rather invest a little now and ALOT later vs a little over time.

Also, you could invest in HY&Equity products but alas that comes with its own risks and rewards... Im very risk adverse when it comes to my personal savings/retirement (not gambling bankroll) and not gunna lie I loved the +25%ish return I saw in my employee stock, but stable value is the way to go until rates increase further and that shit pays like 3% currently. All about your risk appetite brah.

Lastly, the tax break on your IR is great, it fucking saved me paying a lot more at the end of the year than I had to... but see here is the thing, that ~35% tax break you're getting, if you have other gains from poker/DFS/liquidating equity you're justing paying one hand to offset the other. Now if you don't have any supplemental income away from your main source than yea it's fucking nice.

I think it comes down to personal choice, but paying off your mortgage early makes sense for my situation and for many others.
12-29-2016, 09:40 AM
snake_in_the_ass

Quote:

Originally Posted by handicapme

If you're going to buy, yes you missed a nice boat (literally closed on my place a few weeks before our emperor was elected so), butttttt rates are still fucking low. Buy now because if you're complaining about 4.5%, that's sure gunna look better than 6% in a few yrs.

Why would you advocate buying a home now if you think rates are going to 6%? Home prices will crash if 6% becomes a reality.
12-29-2016, 09:44 AM
snake_in_the_ass

And it is rumored that Trump might get rid of the mortgage interest deduction. That coupled with rising rates...Homes will be buy 1 get 1 free. I live off of my dividends at a low tax rate and happily pay rent. Owning a home is overrated.
12-29-2016, 09:50 AM
handicapme

Quote:

Originally Posted by snake_in_the_ass

Quote:

Originally Posted by handicapme

If you're going to buy, yes you missed a nice boat (literally closed on my place a few weeks before our emperor was elected so), butttttt rates are still fucking low. Buy now because if you're complaining about 4.5%, that's sure gunna look better than 6% in a few yrs.

Why would you advocate buying a home now if you think rates are going to 6%? Home prices will crash if 6% becomes a reality.

Are you buying a house to pay off or sell in 5-10yrs or buying one to payoff in 15+yrs....

Also, raising interest rates doesn't always correlate with tanking housing prices.. did we forget 03-05??? Also rates moving by 150bps won't drive prices down that significantly.
12-29-2016, 09:52 AM
handicapme

Quote:

Originally Posted by snake_in_the_ass

And it is rumored that Trump might get rid of the mortgage interest deduction. That coupled with rising rates...Homes will be buy 1 get 1 free. I live off of my dividends at a low tax rate and happily pay rent. Owning a home is overrated.

Real talk, owning a home is not for everyone and while it is constantly pushed it should NOT be for everyone.
12-29-2016, 10:11 AM
abrown83

Quote:

Originally Posted by handicapme

Quote:

Originally Posted by snake_in_the_ass

And it is rumored that Trump might get rid of the mortgage interest deduction. That coupled with rising rates...Homes will be buy 1 get 1 free. I live off of my dividends at a low tax rate and happily pay rent. Owning a home is overrated.

Real talk, owning a home is not for everyone and while it is constantly pushed it should NOT be for everyone.

True, but anyone living on fixed income (for example dividends) is taking a massive risk paying rent.

It's amazing how people can't look at history.

What would happen if you were living on 2.2% return on dividends and all of a sudden we had a decade of 6% inflation?

Your rent would skyrocket and your income wouldn't.

That's way higher risk to me than having fixed rate debt and pumping the extra into retirement and savings like I am doing.

Also, I will lulz if we get into higher rates and inflation. I will take that cash I have been stock piling and buy real estate for pennies and start renting it out for dollars.

1x Trump
12-29-2016, 10:56 AM
hongkonger

Quote:

Originally Posted by MumblesBadly

That's not even close to the most crooked or biggest scam he's pulled.
12-29-2016, 11:09 AM
dick

Quote:

Originally Posted by hongkonger

Quote:

Originally Posted by MumblesBadly

That's not even close to the most crooked or biggest scam Hillary's pulled.

FYP
12-29-2016, 11:47 AM
RealTalk

Quote:

Originally Posted by Gordman

Quote:

Originally Posted by RealTalk

Lol @ gordman thinking he was ahead of the curve in seeing FPS as a mong

I never said i was ahead of a curve you fucking douchnugget mongoloid fuckstain.

Im simply pointing out how,instead of accepting reality, the special faggot snowflakes in this thread vigorously massage FPS'S prostate ( because that is all the expertise they can gather) even though a 10 dollar crack whore hooker would look like a fucking genius next to him.

Now, im drunk and pissed off at you libtards but I think you get the point.

No wonder why this whole forum has gone to shit. Most of the good posters left.

nice tilt gordo

shouldnt you be busy posting an APB about your wife being stuck in line at the grocery store or telling us all about how you are going to call the police on BCR because he "threatened" your family? oh wait, maybe you can tell us about guns you bought in a clever way by calling them adopted "african american twins."

it sure is no wonder why the forum is shit...