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melon cat posted:If he had $500K in liquid savings lying around, his primary lender wouldn't have any problem lending him more than $50,000. I don't know if you've ever worked in a lending position at a financial institution, but in case you haven't- having a significant amount in liquid savings reflects very well on a credit applicant. Because if he had $500K lying around, it's something that the bank can easily fall back on, and it reflects good savings habits. But the OP's in a situation where his primary lender is flat-out refusing to lend him more than the amount of credit that he's applying for. Chances are that he just barely qualified for that $50,000 loan that he initially asked for, otherwise they would've made changes to the final numbers. fuckin' goons, just look it up. https://www.huecu.org/auto-loans/rates/
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Sep 1, 2015 19:00
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melon cat posted:If he had $500K in liquid savings lying around, his primary lender wouldn't have any problem lending him more than $50,000. I don't know if you've ever worked in a lending position at a financial institution, but in case you haven't- having a significant amount in liquid savings reflects very well on a credit applicant. Because if he had $500K lying around, it's something that the bank can easily fall back on, and it reflects good savings habits. But the OP's in a situation where his primary lender is flat-out refusing to lend him more than the amount of credit that he's applying for. Chances are that he just barely qualified for that $50,000 loan that he initially asked for, otherwise they would've made changes to the final numbers. This is all very reasonable and I don't necessarily disagree. My wild assumptions are just a counterpoint to your wild assumptions. I know it's a slow day and all, I just don't see a lot to go by on that one little post to immediately call him/her BWM.
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Sep 1, 2015 19:00
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Delta-Wye posted:fuckin' goons, just look it up. ~drops mic~
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Sep 1, 2015 19:02
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Delta-Wye posted:fuckin' goons, just look it up. I'm not asking rhetorical questions, by the way. I'm legitimately curious as to what they do when someone with serious assets and collateral comes looking for credit. Because I have a hard time believing that they're willing to let go of a giant loan for a solid client because of a rigid lending policy. melon cat fucked around with this message at 19:10 on Sep 1, 2015 |
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Sep 1, 2015 19:08
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They probably do tell them to pound sand after that. It's not all that odd. Not every bank or credit union is going to have the capital or investors to lend every jagoff 100k for their new luxury mcmobile.
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Sep 1, 2015 19:10
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It's a credit union for Harvard employees (who typically make less than $200,000/year) and their families so they're not exactly chasing away the Kennedy's with their loan limits. Also the Reddit poster asked for help buying his wife a gift with "a large budget (~$500?) as she is a wonderful lady and I am perenially outdone in the gift-giving department" I maintain that anyone who thinks $500 is a large budget for their wife's birthday, they're Too Poor for a $130,000 car.
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Sep 1, 2015 19:12
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GoGoGadgetChris posted:I maintain that anyone who thinks $500 is a large budget for their wife's birthday, they're Too Poor for a $130,000 car. Do you have a newsletter or is financial phrenology just a hobby?
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Sep 1, 2015 19:16
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Subjunctive posted:Do you have a newsletter or is financial phrenology just a hobby? Either way it has to compete with Star Wars and Kids in the Hall merch.
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Sep 1, 2015 19:27
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GoGoGadgetChris posted:It's a credit union for Harvard employees (who typically make less than $200,000/year) and their families so they're not exactly chasing away the Kennedy's with their loan limits. Well I bought my wife a $30k van and I think a large budget for her birthday would be about $100 so if we scale up from there, he's actually spending less than he could on the Model X. What I'm saying is that it's stupid to think that anyone who can afford a Tesla is asking for advice on how to afford said Tesla.
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Sep 1, 2015 19:32
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I am around amholes every day and while there's a ton of people making way into the six figures it does not mean they know how to do anything at all with their money. Assuming that because someone makes a bunch of money, they know what to do with that money, is a stupid assumption.
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Sep 1, 2015 19:46
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You motherfuckers and your motherfucking sous vide machines what the gently caress is wrong with you just put the meat in a motherfucking ziploc bag and motherfucking boil it motherfucking voila gently caress your sous vide machine motherfuckers.
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Sep 1, 2015 19:49
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Tigntink posted:I am around amholes every day and while there's a ton of people making way into the six figures it does not mean they know how to do anything at all with their money. Assuming that because someone makes a bunch of money, they know what to do with that money, is a stupid assumption. If you make "six figures" it does not mean you have money. It does not mean you can afford a 130k car.
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Sep 1, 2015 19:51
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pathetic little tramp posted:You motherfuckers and your motherfucking sous vide machines what the gently caress is wrong with you just put the meat in a motherfucking ziploc bag and motherfucking boil it motherfucking voila gently caress your sous vide machine motherfuckers. 
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Sep 1, 2015 19:55
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Tigntink posted:I am around amholes every day and while there's a ton of people making way into the six figures it does not mean they know how to do anything at all with their money. Assuming that because someone makes a bunch of money, they know what to do with that money, is a stupid assumption. pathetic little tramp posted:You motherfuckers and your motherfucking sous vide machines what the gently caress is wrong with you just put the meat in a motherfucking ziploc bag and motherfucking boil it motherfucking voila gently caress your sous vide machine motherfuckers.
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Sep 1, 2015 19:56
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melon cat posted:This is exactly what I'm getting at. And if you're mulling over the mostly-financed purchase of a Tesla vehicle, the last place you should go looking for is a Tesla enthusiasts Internet forum. Becausesomehow, I don't think that you're going to get biased, sound buying advice on your Tesla fro a car forum full of Tesla owners. Sure, but "went to the wrong place for advice" doesn't mean "can't afford the purchase in question". But he's not asking if he should buy one, he's asking for financing information, and it's quite likely that some other owners of six-figure cars have had to deal with similar loan limits.
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Sep 1, 2015 19:58
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pathetic little tramp posted:You motherfuckers and your motherfucking sous vide machines what the gently caress is wrong with you just put the meat in a motherfucking ziploc bag and motherfucking boil it motherfucking voila gently caress your sous vide machine motherfuckers. "Voila"? "Sous vide"? what are you, too rich to speak american like the rest of us?
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Sep 1, 2015 20:09
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the sous vide post would have been an excellent troll if it were intended that way, it got me...
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Sep 1, 2015 20:10
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No Butt Stuff posted:If you make "six figures" it does not mean you have money. It does not mean you can afford a 130k car. He said "way into the six figures". It's interesting because I think most people identify this as well on the way from $100k to $200k, but one could also interpret this as $500k+, on the way to 7 figures.
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Sep 1, 2015 20:41
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Delta-Wye posted:fuckin' goons, just look it up. Wow, those mortgage rates are poo poo for a university-affiliated CU: https://www.huecu.org/home-loans/rates/ I went with a private lender and good, not great credit and got the exact same rate.
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Sep 1, 2015 20:50
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moana posted:"Voila"? "Sous vide"? what are you, too rich to speak american like the rest of us? Here, I fixed it for you: pathetic little tramp posted:You motherfuckers and your motherfucking soose vyde machines what the gently caress is wrong with you just put the meat in a motherfucking ziploc bag and motherfucking boil it and eat it off the floor like a animal motherfucking walla gently caress your soose vyde machine motherfuckers.
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Sep 2, 2015 01:23
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I'm not only too poor for sous vide, I'm too poor to know what it is. I'm also too poor to google it.
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Sep 2, 2015 10:19
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GoGoGadgetChris posted:But he also has a wife who's into sous vide (rich person hobby) A $100 kitchen gadget is a rich person hobby now? What the gently caress is that logic?
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Sep 2, 2015 13:18
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DJCobol posted:A $100 kitchen gadget is a rich person hobby now? What the gently caress is that logic? It's in french. French stuff is posh.
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Sep 2, 2015 15:31
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jaymeekae posted:It's in french. French stuff is posh.
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Sep 2, 2015 16:39
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Junius posted:I'm not only too poor for sous vide, I'm too poor to know what it is. You can cook your meat to a perfect temperature, and throw it on a grill/griddle/whatever to finish the exterior. There's a cheaper way to do this here, called a reverse sear: http://amazingribs.com/tips_and_technique/cooking_temps.html WobblySausage fucked around with this message at 19:30 on Sep 2, 2015 |
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Sep 2, 2015 17:03
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DJCobol posted:A $100 kitchen gadget is a rich person hobby now? What the gently caress is that logic? Who is the poorest person you know that does sous vide? Think about it moana posted:Yeah, didn't you see Elysium? French people rule the world from a satellite paradise. You are actually my favorite poster on the forums A+++
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Sep 2, 2015 17:19
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moana posted:Yeah, didn't you see Elysium? French people rule the world from a satellite paradise. That movie was an FF13 retelling.
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Sep 2, 2015 19:13
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I'm imagining a future BFC where posters convince each other that they have too much student debt to afford housing on Elysium. Also, discussion on whether you should finance your exoskeleton suit, or if that money would be better off in a roth. il serpente cosmico fucked around with this message at 19:38 on Sep 2, 2015 |
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Sep 2, 2015 19:34
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il serpente cosmico posted:I'm imagining a future BFC where posters convince each other that they have too much student debt to afford housing on Elysium. You have to buy a sensible used rocket paid in cash for flight to Elysium to earn the approval of future BFC
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Sep 2, 2015 19:38
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I'm surprised that nobody has shredded the latest piece of fine journalism from vice media: retirement planning for millenials I want to know what magic land they're living in where you can find 1% savings account. MC Hawking fucked around with this message at 20:33 on Sep 2, 2015 |
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Sep 2, 2015 20:30
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MC Hawking posted:I want to know what magic land they're living in where you can find 1% savings account. http://www.bankrate.com/funnel/savi...king_MMASavings
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Sep 2, 2015 20:41
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MC Hawking posted:I'm surprised that nobody has shredded the latest piece of fine journalism from vice media: retirement planning for millenials 0.95% is readily available to anyone in the USA. https://www.discoverbank.com BEHOLD: MY CAPE posted:You have to buy a sensible used rocket paid in cash for flight to Elysium to earn the approval of future BFC gently caress YES. I love Elysium and this is my favorite derail.
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Sep 2, 2015 20:41
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MC Hawking posted:I'm surprised that nobody has shredded the latest piece of fine journalism from vice media: retirement planning for millenials I'd like to present an interesting case study, to you. The Toronto star recently published an article titled, Twentysomethings sapping their parents’ bank accounts, which talks about how young adults in their early 20s are unable to achieve financial independence. But on the same page (to the left of the linked article from above), it shows a thumbnail for another article: ‘Unlivable’ Beach house sells for $1 million.  It's absurd. Almost funny in a really sad way. Because, yeah. There are a lot of young people with bad financial habits. But not only is the current real estate market totally bonkers, but nobody is having a serious conversation about the importance of being good with money. Retirees/soon-to-be-pensioners still expect young people to buy their first house out of college 'Just like I was able to in 1960' and at the same time and pay their way through school by working a part-time job (LOL). And a lot of young people think that they'll be able to own a home and retire comfortable because "A lot of baby boomers are retiring, soon! My mom told me so!" And here in Toronto, there are a lot of people buying $600-$700K homes as their "starter home". Everyone has their blinders on. And it's a really unfortunate and dangerous thing. Because as long as people have this unrealistic financial perspective, they'll continue to be really bad with money. I still remember working multiple part-time jobs during the recession in '07-'08, and my mom giving me poo poo about, "Why can't you find a nice office job?" as if I enjoyed working part-time with variable hours and no benefits. And at the same time, a lot of people I graduated with were taking out loans so they could go on vacation. Then they'd shrug and say, "I can always roll in my student loan with my mortgage, so I'm not really concerned." melon cat fucked around with this message at 21:10 on Sep 2, 2015 |
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Sep 2, 2015 20:45
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quote:we learned things like how to balance a checkbook—a skill that became all but obsolete with the invention of Venmo. well...he's half right, I'm not sure how a implies b but you know
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Sep 2, 2015 20:48
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GoGoGadgetChris posted:0.95% is readily available to anyone in the USA. https://www.discoverbank.com If you can deal with the NZD currency fluctuations you can get up to 3.9% here. http://www.interest.co.nz/saving/e-saver-online melon cat posted:It's absurd. Almost funny in a really sad way. Because, yeah. There are a lot of young people with bad financial habits. But not only is the current real estate market totally bonkers, but nobody is having a serious conversation about the importance of being good with money. Retirees/soon-to-be-pensioners still expect young people to buy their first house out of college 'Just like I was able to in 1960' and at the same time and pay their way through school by working a part-time job (LOL). And a lot of young people think that they'll be able to own a home and retire comfortable because "A lot of baby boomers are retiring, soon! My mom told me so!" And here in Toronto, there are a lot of people buying $600-$700K homes as their "starter home". The retired population is going to keep increasing for the next 25-30 years which is going to create a huge financial burden on most western countries. That will fall on tax payers to pay for. I don't see things improving any time soon. I do feel sorry for your friends thinking they could just attach their student loans to a mortgage by magic and make all the payment issues disappear. I'm sure some of them regretted borrowing for holidays like some of my friends who used loans to go skiing and buy cars. Devian666 fucked around with this message at 22:14 on Sep 2, 2015 |
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Sep 2, 2015 21:57
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 In all seriousness this guy is pretty awesome. He just paid some family's rent for a year, because one of the family members was having a medical problem and couldn't work. edit: forgot the picture
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Sep 3, 2015 01:23
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Devian666 posted:The retired population is going to keep increasing for the next 25-30 years which is going to create a huge financial burden on most western countries. That will fall on tax payers to pay for. I don't see things improving any time soon. Not unless Google's immortality project bears fruit, at least.
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Sep 3, 2015 02:17
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I'm pretty sure problems relating to immortality can be resolved by chopping people's heads off.
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Sep 3, 2015 02:35
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Devian666 posted:I'm pretty sure problems relating to immortality can be resolved by chopping people's heads off.
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Sep 3, 2015 04:07
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Suspicious Lump posted:I'm pretty sure problems relating to our ageing population can be resolved by chopping people's heads off. The problem I have with this is that I'll be 68 when the peak retirement population hits. I might have to expand my weapon collection.
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Sep 3, 2015 04:18
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