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Aliquid posted:I'm wondering what one can do to an existing house for $300,000. Rebuild it
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Jul 4, 2015 08:52
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Aliquid posted:I'm wondering what one can do to an existing house for $300,000. I don't know if anyone watches Grand Designs from the BCC, but every episode is BWM: House Edition! It's either buying these ridiculously awkward plots that cost a poo poo ton to build an overly extravagant house on, or buying some old run down barn that's heritage listed and turning it into a mansion, but because it's heritage listed it costs about 100x as much as a normal renovation.
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Jul 4, 2015 08:58
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Rudager posted:I don't know if anyone watches Grand Designs from the BCC, but every episode is BWM: House Edition! It's either buying these ridiculously awkward plots that cost a poo poo ton to build an overly extravagant house on, or buying some old run down barn that's heritage listed and turning it into a mansion, but because it's heritage listed it costs about 100x as much as a normal renovation. And don't forget the on site impulse decisions/changes. Going off plan and out of budget in spectacular ways. "Oh well, Kevin, once we saw it going up we just knew we had to move the staircase/window/feature wall a few centimeters. Oh, and add the variable tinted glass/carbon fibre sculpture/induction cooktop. It just wouldn't be home without it!"
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Jul 4, 2015 09:36
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Aliquid posted:I'm wondering what one can do to an existing house for $300,000. 7.5 glass railings for your staircases.
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Jul 4, 2015 09:57
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For $300k you could do quite a bit to a house, that is if you planned what you were doing.
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Jul 4, 2015 22:36
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poo poo son $300k can get you a whole house and the land underneath itRandomBlue posted:7.5 glass railings for your staircases. 
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Jul 5, 2015 02:40
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Wickerman posted:My dad is just planning to survive off of SS payments with a retirement age of 70. That's something like 2500/month I think. That's basically my parents' plan. My mom just turned 66 and cut back from 5 days a week to 3. They do have some savings, but they made a lot of really bad investing decisions, and got burned so many times I think they just use CDs and savings accounts now. I tried so hard to get them to read about index funds 10 years ago but finally just gave up. Ugh. House is paid off, and my dad paid himself as an employee in his business, so they'll both get decent SS benefits.
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Jul 5, 2015 16:26
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I could talk about the no vote from Greece but it's time to get closer to home. The discussion about what people do with their retirement savings in New Zealand.quote:An AMP survey of 1,000 retirees in 2014 found 15% planned to use their pots to pay off their mortgages, while 14% planned to invest it elsewhere, 14% planned to spend it immediately and 8% planned to leave their money in. Only 51% knew what they were going to do with their retirement savings. With 37% either paying off mortgage, leaving the investment there or investing elsewhere. That's not to bad but the remainder planning to spend it all are crazy (that's more than a 1/4 of those that responded).
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Jul 6, 2015 00:59
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Devian666 posted:I could talk about the no vote from Greece but it's time to get closer to home. The discussion about what people do with their retirement savings in New Zealand.
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Jul 6, 2015 01:23
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We as a nation have a very poor understanding of investment and how to grow money in any manner that does not include buying houses.
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Jul 6, 2015 06:04
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Combine that with a terrible fear of the stock market that started after the 1987 crash. Most of those retiring now were likely burnt in that crash or saw the massive financial fallout. If it's not savings, term deposits or property they won't be interested. I think all the goldbugs became extinct after the collapse of Goldcorp which went to the Privy Council to get the final determination of who owned the gold. https://en.wikipedia.org/wiki/Re_Goldcorp_Exchange_Ltd Between the events of 1987 and the finance company collapses of recent years your average New Zealander views a lot of financial instruments as toxic.
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Jul 6, 2015 06:41
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I'm nor really sure what my parents are thinking. They're going to get some sort of laughable pension from the government but have no savings of their own or a plan to do something about that. Just today I saw this sign and immediately thought about this thread. 
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Jul 6, 2015 17:43
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This one is just sad. High school kids writes a bunch of checks, tells his friends they're "souvenir checks" and not to cash them, but they do and he loses all his money and then some.quote:The checks were really cool, I never had anything like them before. But I was kind of sad because I didn’t have anything to use them for. I had a lot of friends over last week and I showed them the checks and they all thought they were really cool too. I got the idea that I could give my friends some souvenir checks. I TOLD them these were ONLY SOUVENIRS. We had a blast that day, I was acting like a billionaire and making jokes asking people how much money they needed and then writing them a fake check. I kept telling them it was all FAKE and they couldn’t cash the checks. link.
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Jul 7, 2015 14:03
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I know 14 year olds are dumb as gently caress but what a bunch of lovely friends.
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Jul 7, 2015 14:24
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Guest2553 posted:poo poo son $300k can get you a whole house and the land underneath it That depends on where you're talking about, so by that logic, $1000 can get you a whole house and the land underneath it in the right place.
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Jul 7, 2015 14:54
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Rofl @ "meeting of the minds". They're 14. Clearly there was not a mind among them. That poor stupid kid. His whole life is gonna be hard.
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Jul 7, 2015 14:55
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Nail Rat posted:That depends on where you're talking about, so by that logic, $1000 can get you a whole house and the land underneath it in the right place. 
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Jul 7, 2015 15:45
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HelloIAmYourHeart posted:
Bloody hell. Makes me glad that I wasn't allowed access to my bank account until I was 18. In a way, it reminds me of my brother, who used to (and still does, to the best of my knowledge) buy ~$200 AUD cotton t-shirts because of the branding on them. I remember my parents raging because he bought a Beatles t-shirt for $160. He doesn't even like the Beatles.
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Jul 7, 2015 15:56
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https://www.youtube.com/watch?v=xc1Y64N4O7g Around 1:10 (https://www.youtube.com/watch?v=xc1Y64N4O7g&feature=youtu.be&t=70)
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Jul 7, 2015 16:12
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I had a bank account with full access since I was like six years old. Some people are just retarded.
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Jul 7, 2015 16:30
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Your parents also probably taught you things like "don't hand out checks you don't want cashed" and "seriously, checks aren't toys". Reddit OP's parents obviously didn't. On the bright side, he knows exactly how trustworthy his friends are now!
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Jul 7, 2015 16:52
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Exactly where I was thinking 
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Jul 7, 2015 16:58
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Haifisch posted:Your parents also probably taught you things like "don't hand out checks you don't want cashed" and "seriously, checks aren't toys". Reddit OP's parents obviously didn't. His parents probably thought "well he could get himself in trouble with a credit card, but what idiot would screw themselves over writing bad cheques?"
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Jul 7, 2015 17:13
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What does a teenager need a checkbook for anyway? I've had a bank account since I was ~8, now I'm 26 with the same account and I can get pretty good rates on stuff from my bank since I've been a member for so long.
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Jul 7, 2015 18:33
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Aquatic Giraffe posted:What does a teenager need a checkbook for anyway? When I was 16 (~2000), I wrote checks for car insurance. Now I pay online but I have a credit card so I don't know what the whipper snappers are doing. Don't most banks now offer online billpay? Inverse Icarus fucked around with this message at 18:43 on Jul 7, 2015 |
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Jul 7, 2015 18:41
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I write checks for rent and sometimes for medical bills, which I thankfully don't have many of. If I cared enough there are alternate ways for me to pay for both of those but they'd be more work to set up. I had to order checks just for rent and I expect those checks will last me many years. I'm a bit paranoid though so even though I'm transitioning to a new bank in going to keep writing checks from the old bank and using it as a firewall account, though I also get more physical branches with the old bank. I can't fathom a 14 year old getting excited about checks like that. Checks are what old people use at the cashier when they want to hold up everyone behind them.
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Jul 7, 2015 19:08
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Aquatic Giraffe posted:What does a teenager need a checkbook for anyway? If I had to buy anything in high school we were required to pay with check because I guess cash was so easily stolen. Yearbooks, letter jackets, fundraiser purchases, things like that. I remember bringing my checkbook for the first time and just staring at Check # 0001 blankly. I eventually figured it out and didn't give my friends a thousand dollars each, but I can kind of see where the ????what is this how do I do this what???? comes from when you're 15 and dumb.
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Jul 7, 2015 20:05
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He coulda just given them a buck or something. Or a few cents. From the way he describes them playing around I wonder how much the checks were written for.
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Jul 7, 2015 20:17
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Chinaman7000 posted:He coulda just given them a buck or something. Or a few cents. From the way he describes them playing around I wonder how much the checks were written for. Probably reasonable amounts, he was dumb but not dumb enough to save himself. A 15 year old kid comes in to cash a check for $100, who cares. A 15 year old kid comes in to case a check for $1,000,000 raises questions and that check probably wouldn't have ever been cashed.
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Jul 7, 2015 20:47
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Poor kid was probably just excited to have the attention. He was likely manipulated into thinking he was in the clear, but the teens who cashed those checks clearly knew what they were doing in getting him to write those checks.
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Jul 7, 2015 21:16
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Blinkman987 posted:Poor kid was probably just excited to have the attention. He was likely manipulated into thinking he was in the clear, but the teens who cashed those checks clearly knew what they were doing in getting him to write those checks. This is exactly what it looks like.
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Jul 7, 2015 21:31
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Cast_No_Shadow posted:Probably reasonable amounts, he was dumb but not dumb enough to save himself. Wasn't there an episode of The Simpsons where Bart wrote Millhouse a postdated check for one million dollars payable in the year 10,000?
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Jul 7, 2015 22:21
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This reminds me of Blank Check, which to a 10 year old was such an awesome movie.
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Jul 7, 2015 22:27
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"Give this to your dad, he'll know what to do with it. I gotta go." I wonder if that character is some Randian superhero.
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Jul 7, 2015 23:07
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Blank Check is still an awesome movie, even as an adult. And it's a great lesson in the consequences of being BWM. It is also the only movie I actually own on DVD. 
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Jul 7, 2015 23:10
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This was a B-plot in an episode of King of the Hill. Poor bill. 
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Jul 7, 2015 23:10
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What even is a souvenir check? Is that the term for those fake promotionals you sometimes get in the mail?
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Jul 7, 2015 23:23
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Hocus Pocus posted:What even is a souvenir check? Is that the term for those fake promotionals you sometimes get in the mail? I think he just meant "I'm giving my friends this adult item to remember that time I became an adult."
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Jul 7, 2015 23:37
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Uh maybe people lied to me but I thought you could just write "VOID" in big letters over a check and it wouldn't be cashable? Is that not true?
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Jul 7, 2015 23:44
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drat Bananas posted:If I had to buy anything in high school we were required to pay with check because I guess cash was so easily stolen. Yearbooks, letter jackets, fundraiser purchases, things like that. I remember bringing my checkbook for the first time and just staring at Check # 0001 blankly. I eventually figured it out and didn't give my friends a thousand dollars each, but I can kind of see where the ????what is this how do I do this what???? comes from when you're 15 and dumb. I think schools require checks so they have an easy way to double check who paid for what so no one can pull the "but I paid for it already!! YOU lost my money!!" card to get free poo poo. I think I'll be using checks with my maiden name on them forever because the smallest quantity I could order was a poo poo ton and I write MAYBE 10 checks a year at the most and I can't be bothered to order a new giant box of checks I'll never write. At least I had the foresight to order them without an address on them since I've moved at least 3 times since I got them.
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Jul 7, 2015 23:53
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