|
Bobert51 posted:My uncle once told me if I wanted to experience what it's like to own a sail boat I should just stand in an ice cold shower and tear up hundred dollar bills. Depends on what kind of sail boat you want. I decent shape 70's or 80's Hobie cat will run you about $1000-1500 and costs about nothing to maintain. And we all know what boat stands for.... Bust Out Another Thousand.
|
#
?
Apr 22, 2014 22:07
|
|
|
|
| # ? May 15, 2024 01:12 |
|
|
RisqueBarber posted:Holy poo poo. The "I only make minimum wage at a movie theater" caught me off guard but I guess those are the people these schemes prey on because most people know better than that. She's 19.
|
|
#
?
Apr 22, 2014 22:30
|
|
|
Guinness posted:I'm also continually amazed at how little people value their own time. Combine that with ignoring actual cost of owning/maintaining/driving a personal motor vehicle and you get some really bizarre uneconomical behavior. I used to live next to some people who literally worked across the street. They decided that they wanted some more spending money, so they sold their house (whose mortgage payments they could easily meet: they told me as much, and I believed them, it wasn't that crazy of an area, and they both were skilled trades, making decent money), and moved to Barrie, which was an hour away (this was in Markham, for Ontario people). So essentially they took a 30% decrease on their mortgage, and now have to spend 2 hours a day in a car, instead of walking across the street. My old boss, same thing. He lived an hour and change away from the office, just so he didn't have to spend as much on a house. Yeah, great, but you're losing 10+ hours of your life a week in a car. Maybe it's just me, but I'd much rather prefer a smaller house (or apartment) close to where I'm working instead of something bigger and pissing away gas and maintenance and hours every day.
|
|
#
?
Apr 22, 2014 22:35
|
|
|
Me too. I miss being a 15-20 minute walk or 10 minute bus ride from work, but jobs change. Now I'm a 15-20 minute drive, with an unusually bad day being 30-35 minutes in the evening. Even a bad day taking 35 minutes feels like such a waste of time. It just blows me away that people are okay with spending an hour or more commuting each way, especially if you are in an SOV in traffic. At least if you spend an hour on the train or bus you can read or even do work. If you're stuck in traffic you're basically just wasting time. I guess you can listen to a podcast or book on tape or whatever, but that's still SO MUCH lost personal time.
|
|
#
?
Apr 22, 2014 22:49
|
|
|
spog posted:If it flies, floats or fucks: rent it. How do you rent a duck? 
|
|
#
?
Apr 22, 2014 23:11
|
|
|
Volmarias posted:How do you rent a duck? I tried once through Fingerhut but canceled the payments an eighth of the way through and all they sent me was a bill. That company is fowl.
|
|
#
?
Apr 22, 2014 23:16
|
|
|
Guinness posted:Me too. I miss being a 15-20 minute walk or 10 minute bus ride from work, but jobs change. Now I'm a 15-20 minute drive, with an unusually bad day being 30-35 minutes in the evening. Even a bad day taking 35 minutes feels like such a waste of time. I spend an hour each way on public transit. In theory I could read. In practice I waste all my time on Facebook.
|
|
#
?
Apr 22, 2014 23:36
|
|
|
tuyop posted:That company is fowl. Booooooooo Also the uncle who told me that actually does live on his sail boat, where he is greatly enjoying his early retirement (he's pretty good with money)
|
|
#
?
Apr 23, 2014 00:12
|
|
|
Boris Galerkin posted:I spend an hour each way on public transit. In theory I could read. In practice I waste all my time on Facebook. I have an hour to hour fifteen commute each way. I love where I live and it's so much cheaper. If I wanted to be within fifteen minutes to work, I wouldn't be able to have a garage or a decent yard. You make sacrifices.
|
|
#
?
Apr 23, 2014 00:16
|
|
|
Bobert51 posted:Booooooooo Do you know how it compares to home ownership in terms of cost? Like, a livable boat can be bought for like 60k, right? If a house is 300k, does the boat then eat over 240 grand? Kind of off topic, sorry guys. I think I'm kind of ducking this thread up.
|
|
#
?
Apr 23, 2014 00:19
|
|
|
Bobert51 posted:My uncle once told me if I wanted to experience what it's like to own a sail boat I should just stand in an ice cold shower and tear up hundred dollar bills. My dad is a thrifty guy, and managed to parlay his love of sailing/sailboats into a decent side hustle. He'd buy a fixer-upper, do all of the work himself* on the weekends over 9-12 months or so, then list it at a high-ish asking price, while continuing to sail and enjoy the boat. Eventually, someone would bite, and he'd buy a slightly bigger fixer-upper, and repeat the cycle. I'm not sure if he came out in the black (I suspect not after slip fees, although his is about as cheap as you can get, it's essentially a co-op), but it certainly didn't cost him too much other than his time, which he enjoyed spending. Now that he's retired, he makes some income on the side teaching rich people who've just bought a sailboat how to sail/cruise, or delivering boats. Last year he got a free trip across the South Pacific on an Aussie guy's yacht doing the latter. I have a feeling my life priorities might keep me too busy to do something similar, but when I'm back home this fall he's going to take me out on some longer trips so I can at least get some blue water experience, which might hopefully get me some free crewing opportunities, at least. He's a pretty skilled sailor/all-around-handy-boat-person, and I think he probably could have made a (much more modest) living doing it professionally, but I'm really grateful he stuck with his regular job, and was around a lot more when I was growing up. *being into boats requires a lot of different skills: sewing, electrical, woodworking, plumbing, painting, etc. pathetic little tramp posted:I've been three times, and yeah the second time is way too loving much. I grew up about a 2 hour drive away from Disney World. At one point in my childhood, they were running some sort of deal for Florida residents where you got a one month pass for a pretty good rate. I remember laying awake the night before, being so excited it was hard to get to sleep. And I had a great time! I think Tom Sawyer's Island was my favorite. My parents proceeded to take my sister and I every weekend of that month while the passes were still good. The second time was pretty OK, by the third time it was wearing thin... I can remember by the end of the month pretty much begging them not to take me again  My parents are more clever than I gave them credit for, until I became an adult myself. Pompous Rhombus fucked around with this message at 01:02 on Apr 23, 2014 |
|
#
?
Apr 23, 2014 00:58
|
|
|
Reddit assistance is a good mine as well. Some of the people there are genuinely poor and undeserving of our mockery. Others however.... http://www.gofundme.com/8k36aw This girl is trying to get the Internet to pay her student loans just cause.
|
|
#
?
Apr 23, 2014 05:36
|
|
|
Holy poo poo. That woman I posted with the "Quantum Generator" gofundme? The one who raised $32k? Yeah she has another gofundme, on the next page. http://www.gofundme.com/Fix-The-World It's raised $26k...
|
|
#
?
Apr 23, 2014 05:56
|
|
|
HoogieChooChoo posted:Holy poo poo. That woman I posted with the "Quantum Generator" gofundme? The one who raised $32k? Yeah she has another gofundme, on the next page. It's that old quandary, make a legitimate living online drop shipping, SEO'ing your blogs with ads, etc., or scam some anonymous retards until you scam the wrong person or scam too hard and catch a bad case of the feds. Crowdfunding has just made the latter so much easier. Guinness posted:It just blows me away that people are okay with spending an hour or more commuting each way, especially if you are in an SOV in traffic. At least if you spend an hour on the train or bus you can read or even do work. If you're stuck in traffic you're basically just wasting time. I guess you can listen to a podcast or book on tape or whatever, but that's still SO MUCH lost personal time. The big kicker is when you have kids. All of a sudden, a person who didn't want to even consider a commute over 30 minutes is all about the hour long commute to allow their kids to have the right schools and neighborhoods.
|
|
#
?
Apr 23, 2014 06:32
|
|
|
baquerd posted:The big kicker is when you have kids. All of a sudden, a person who didn't want to even consider a commute over 30 minutes is all about the hour long commute to allow their kids to have the right schools and neighborhoods. Yup. Finding a place with good schools, cheap home prices (they tend to go up for good schools), and a short commute is almost impossible - especially with the normal time constraints of moving. That's why public transportation owns.
|
|
#
?
Apr 23, 2014 11:40
|
|
|
tuyop posted:Do you know how it compares to home ownership in terms of cost? Like, a livable boat can be bought for like 60k, right? If a house is 300k, does the boat then eat over 240 grand? There is a boat thread in DIY that might have the answers for you http://forums.somethingawful.com/showthread.php?threadid=3503087
|
|
#
?
Apr 23, 2014 13:17
|
|
|
This is BFC, the only response to the mention of the word "boat" should be "DON'T". It's a hole in the water in which you throw money; I have a complex love / hate relationship with the drat thing, and I think most boat owners do. Thank God it's paid off, my wharfage / storage fees are stupidly low, and my father maintains it as his retirement hobby. FrozenVent fucked around with this message at 16:37 on Apr 23, 2014 |
|
#
?
Apr 23, 2014 16:26
|
|
|
I liked this article from 2009 about people ditching their boats all over the place.quote:They often sandpaper over the names and file off the registry numbers, doing their best to render the boats, and themselves, untraceable. Then they casually ditch the vessels in the middle of busy harbors, beach them at low tide on the banks of creeks or occasionally scuttle them outright.
|
|
#
?
Apr 23, 2014 16:56
|
|
|
I always wanted a pedal boat http://www.amazon.com/Pelican-Monaco-Deluxe-Pedal-White/dp/B007DGR8JU/ref=zg_bs_3398441_1 Not terribly expensive, has a built-in cooler I dig it
|
|
#
?
Apr 24, 2014 00:53
|
|
|
EugeneJ posted:I always wanted a pedal boat Pedal boats are the rascal scooter of personal watercraft. Get a kayak. 
|
|
#
?
Apr 24, 2014 01:18
|
|
|
Pedal boats suck. My girlfriend's folks have one at their beachhouse, it never gets used. The rowboat is far more popular if you're too lazy to rig the Sunfish.Bubbacub posted:I liked this article from 2009 about people ditching their boats all over the place. SiGmA_X fucked around with this message at 02:13 on Apr 24, 2014 |
|
#
?
Apr 24, 2014 02:10
|
|
|
Pompous Rhombus posted:My dad is a thrifty guy, and managed to parlay his love of sailing/sailboats into a decent side hustle. He'd buy a fixer-upper, do all of the work himself* on the weekends over 9-12 months or so, then list it at a high-ish asking price, while continuing to sail and enjoy the boat. Eventually, someone would bite, and he'd buy a slightly bigger fixer-upper, and repeat the cycle. I'm not sure if he came out in the black (I suspect not after slip fees, although his is about as cheap as you can get, it's essentially a co-op), but it certainly didn't cost him too much other than his time, which he enjoyed spending. Your Dad sounds pretty drat cool.
|
|
#
?
Apr 24, 2014 02:30
|
|
|
Bobert51 posted:My uncle once told me if I wanted to experience what it's like to own a sail boat I should just stand in an ice cold shower and tear up hundred dollar bills. We had one, and it was basically a hole in the ocean you filled with hundred dollar bills. It was a 11-meter sailboat. We've been out in gales with 40' swells. Scary is when the waves are taller than the boat, I was scared to death. We lived in Ireland at the time, so we'd sail up and down the coast or very rarely over to Wales (we didn't want to deal with visas and passporty stuff and they were worried a lot about the IRA smuggling guns/bombs, so an Irish registered boat got a lot of police scrutiny).
|
|
#
?
Apr 24, 2014 02:36
|
|
|
My mom and her boyfriend just finished fixing up their sailboat all nice, repainted the sides, made it all pretty. Then another boat came off its mooring and smashed into the side of their boat. Better to have a friend with a boat.
|
|
#
?
Apr 24, 2014 03:02
|
|
|
My friend bought a house back when people were going crazy over houses (2007-2008ish). 150k for a decent little house, decent neighborhood. What happens the year after? Yup, housing market crashes. His whole street except him and a neighbor are foreclosed on. This nice house across the street, a two story, goes for 100k as the market hits bottom. What does my friend do? He stops making payment on his house "because it pissed me off that the neighbors were paying way less than me for a nicer house." And of course he gets foreclosed on. Keep in mind, he's making good money and can completely afford his payments.  What is he doing today? He is renting a house from his parents in law, paying the same payment as his house was, with no equity. His house got bought buy some crappy investment company and they just sold it for 190k. They literally "redid" the kitchen (aka added a stupid backsplash and whatever cheap "renovation" people want these days) and made good money off selling it. Now he wants to buy again, and of course he can't because his credit sucks because he got foreclosed on. Good job! 
|
|
#
?
Apr 24, 2014 08:10
|
|
|
He may have no equity, but had he stayed he'd likely have negative equity. I've considered strategic default as I'm still 30k underwater despite being 8k ahead of scheduled payments, and I wouldn't be buying again for ten years, but meh. "Morals." Nail Rat fucked around with this message at 12:27 on Apr 24, 2014 |
|
#
?
Apr 24, 2014 12:25
|
|
|
Nail Rat posted:He may have no equity, but had he stayed he'd likely have negative equity. But it just sold for 190k. I don't know how much the renos cost but it probably wasn't 40k. Of course there's closing costs to be factored in and the amount he'd have paid on the mortgage in the years since he defaulted compared to his rental payments, but it sounds unlikely that he'd be worse off if he stayed, and his credit rating would be intact.
|
|
#
?
Apr 24, 2014 13:39
|
|
|
Rick Rickshaw posted:But it just sold for 190k. I don't know how much the renos cost but it probably wasn't 40k. If he'd held onto the house for six years at 4% interest, he'd have paid $168,967.98 for it assuming he didn't make a down payment. That leaves roughly 21k for reno, maintenance, closing costs, taxes and insurance.
|
|
#
?
Apr 24, 2014 13:50
|
|
|
FrozenVent posted:If he'd held onto the house for six years at 4% interest, he'd have paid $168,967.98 for it assuming he didn't make a down payment. That leaves roughly 21k for reno, maintenance, closing costs, taxes and insurance. Yeah, like any asset, the value of the house is mostly irrelevant until you want to liquidate. People just get mentally hung up on some stuff, like people who sell all their stock when it tanks. My house could be worth nothing and it wouldn't matter because the value's irrelevant if I'm not planning to sell. In fact, like a retirement account, I would want the assets to tank in value up untilt he moment I liquidate (for stocks it's so I can buy more, for property, it's so I'll pay less in taxes, etc.)
|
|
#
?
Apr 24, 2014 13:57
|
|
|
My bad, I missed the part about it just selling for 190k. Still, that's not a given. Some depressed home prices stay down(like mine).quote:Yeah, like any asset, the value of the house is mostly irrelevant until you want to liquidate. Or move 
|
|
#
?
Apr 24, 2014 14:00
|
|
|
Nail Rat posted:Or move Moving dosen't mean you have to sell. In my area, average rents are way higher then average mortgages (why this is baffles me). Most people I know just hire a company who rents out the property for a cut and handles all the administration, etc. This is probably location specific though.
|
|
#
?
Apr 24, 2014 14:04
|
|
|
EugeneJ posted:I always wanted a pedal boat Yea the suck, my neighbors had a pedal boat in their pond and it just makes a bunch of noise. It also doesn't seem to matter how fast you pedal, you still go the same speed (extremely slow). But hey, a cooler and a bikini cover, that's kinda neat.
|
|
#
?
Apr 24, 2014 14:19
|
|
|
Pedal boats are the golf carts of the sea. They can't go fast because they have stupidly shaped hulls (Twin barges, basically) and highly inefficient propellers that are almost at the surface. You could make a fast pedal boat, but it'd look nothing like a pedal boat.
|
|
#
?
Apr 24, 2014 14:23
|
|
|
FrozenVent posted:Pedal boats are the golf carts of the sea. You analogy is terrible because golf carts are pretty rad (though yes, they are typically slow)
|
|
#
?
Apr 24, 2014 14:42
|
|
|
Golf carts are only slow because they have a limiter in place to stop old people driving into lakes accidentally. I used to be a range marshal at a golf course and got to use one which had no such limiter in place - I think the top speed was 35mph? Fun stuff.
DrAlexanderTobacco fucked around with this message at 14:49 on Apr 24, 2014 |
|
#
?
Apr 24, 2014 14:46
|
|
|
reddit posted:I'm a student and the semester is just about to end. I have not been able to work much this semester due to the demands from school, and therefore I have only about $600 to my name right now. In about 2 weeks I'll be working some more again but its only going to be about $400-$500 a week probably. I'm looking to take roughly a month long trip to South America, which I think I will need between $3K-$4K to do. Once I return (probably around the time school starts back up), I'll be able to work part time for the next school year, after which I will graduate and hopefully get a good job. This may sound like a bad plan, but heres the thing: I have very low expenses. During the school year, I only need to pay for my food (about $80 a week), gas (which is very minimal, roughly $10 a week), internet ($50 a month), and whatever other miscellaneous cost I incur ($20-$30 a month). Everything else is taken care of. So really, I could have a $4K loan paid back in less than 5 months I think. So is there any reason I should not do this? I have never taken out a loan before and I'm pretty sure my credit score is fine. I have heard of banks giving loans for vacations but is it very common? What are the interest rates like? How do I go about applying for a loan?
|
|
#
?
Apr 24, 2014 14:50
|
|
|
HoogieChooChoo posted:Holy poo poo. That woman I posted with the "Quantum Generator" gofundme? The one who raised $32k? Yeah she has another gofundme, on the next page. posted:Basic monthly FTW operating expenses. These include: electric bills to keep the power on, phone bills to keep us in communication, internet bills, website hosting expenses, website maintenance expenses, office supplies, software programs needed for digital creation (movies, templates, docs, etc) These expenses are estimated to be about $2,000 per month. Hmmm, Why would she need to pay electric bills when she has access to a fuel-less power generator? 
|
|
#
?
Apr 24, 2014 18:51
|
|
|
Just realized my parents belong in here. My father makes 125k a year base and has been over 100k for at least a decade. He also makes about a 10% bonus every year. My mom makes like 25k. Between the two of them, they're making 150k and have combined for 100k+ for about 15 years. They didn't pay anything for my college, and my sister's college cost them about one abortive in-state semester, like 10k. So you think they'd be in a good position, right? Instead, they have 3 financed vehicles(there's always 3 vehicles, because my dad likes cars). Their house - which cost only 180k when they bought it in the early 2000's - STILL has PMI on it. Their 401ks are worth less than 250k combined. They're 56 and retirement age is a real thing on the horizon.  how do people gently caress up this bad.
|
|
#
?
Apr 24, 2014 21:07
|
|
|
Nail Rat posted:Just realized my parents belong in here. Enjoy having your parents move in with you in a few years!
|
|
#
?
Apr 24, 2014 21:09
|
|
|
|
| # ? May 15, 2024 01:12 |
|
|
 Where... where does their money go?
|
|
#
?
Apr 24, 2014 21:29
|
|