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ate all the Oreos posted:Look at this socialist paradise where retirement discharges loans. Work 'till you're dead then make sure your kids pay the rest, that's the American way Don't worry, because of the rapidly aging population and the advances in medical treatment, all our money is going to go on social care for our parents with dementia!
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Jul 28, 2017 14:37
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Zo posted:guy buys a Ferrari and crashes it into a burning wreck after owning it for one hour http://jalopnik.com/heres-what-it-cost-me-to-own-a-ferrari-for-a-year-1669923931 The above link seems like the best case scenario. Rudager posted:But I guess you guys are right, best the country scrap a scheme that makes further education financially available to everyone, only the rich should have that privilege after all. The derail has evolved into a passive-aggressive derail!
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Jul 28, 2017 14:41
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LLCoolJD posted:http://jalopnik.com/heres-what-it-cost-me-to-own-a-ferrari-for-a-year-1669923931 $400 for an oil change is somehow "not ridiculous."
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Jul 28, 2017 14:59
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peach moonshine posted:Marble Floors, Gold Ceilings: This is China’s Most Luxurious Horse Stable I don't believe so and thank you for posting. This is the most China thing ever
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Jul 28, 2017 15:15
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LLCoolJD posted:The derail has evolved into a passive-aggressive derail! It's not very effective...
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Jul 28, 2017 15:44
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Suspicious Lump posted:You've got a couple things wrong. The highest repayment percentage is 8% for people earning >$101,900 . You can find the table here: That's based off tuition rates of about $6K though. My alma mater's in-state tuition is $15K this year, so the repayment rate would have to be significantly more, closer to 20% at the high income levels.
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Jul 28, 2017 16:04
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Fil5000 posted:Don't worry, because of the rapidly aging population and the advances in medical treatment, all our money is going to go on social care for our parents with dementia! Curse you NHS and your dratted efficiency! The USA has found a solution to poor people living too long (the US healthcare system.)
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Jul 28, 2017 16:14
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ego symphonic posted:$400 for an oil change is somehow "not ridiculous." There is a special kind of lunatic that purchases a used Ferrari. This breed of lunatic scrutinizes maintenance records and carfax for anything out of order or any indication a single thing was ever done to the car outside of a dealership. There are enough of these people that they set the market prices. And as you can guess, they want money off for all "infractions" of the perfect-maintenance-schedule-at-a-dealer regime. So in the context of this car and what this guy was doing (buying it for a one-year project and then selling at the least loss possible) this was actually a rational move. It's all insanely BWM, and cars like that are hobbies/toys, not investments and obviously not even close to being justified as a more expensive version of something someone could actually nee/use (a regular car).
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Jul 28, 2017 16:36
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I don't even get the appeal of owning a Ferrari even if you are rich and can actually afford a hobby car.
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Jul 28, 2017 16:47
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I suspect it's often "I've wanted to have a Ferrari since I was a kid", and not something that's cross-shopped.
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Jul 28, 2017 16:54
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monster on a stick posted:I don't even get the appeal of owning a Ferrari even if you are rich and can actually afford a hobby car. If I ever magically become a multi millionaire I'm going to buy a Ferrari just to crash it Something to do, you know?
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Jul 28, 2017 17:00
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https://www.reddit.com/r/personalfinance/comments/4gjs1k/350k_medical_school_loan_debt_no_degree_no_degree/ posted:$350k medical school loan debt, no degree, no degree prospects! What can/should I do? (self.personalfinance) I'm legit glad this person got dismissed from medical school, "crippling procrastination" does not sound like a good quality in a doctor.
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Jul 28, 2017 17:04
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Subjunctive posted:I suspect it's often "I've wanted to have a Ferrari since I was a kid", and not something that's cross-shopped. Don't they restrict some models to 'legacy' owners, creating scarcity even if you have the means to buy one? Ferrari's are like Rolex's. They don't make fiscal sense, but boy howdy the people who really like them are the ones with the money.
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Jul 28, 2017 17:18
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May as well do another, this is BWM but not in the way you'd initially suspecthttps://www.reddit.com/r/legaladvice/comments/6pyhin/ex_gf_and_i_split_up_while_owning_a_home_i_signed/ posted:Ex GF and I split up while owning a home. I signed over title with promise of being repaid my investment upon sale of house. She now doesn't like that idea. I am still on the mortgage [Florida] Of course people ask if he got this promise that he'd get repaid in writing. quote:Yes, we did file a quit claim deed. on the line referencing the consideration, we had written in $10k, which is what she had paid me back at that point. Interestingly, I just went to the online records dept and looked up the quit claim and it has the $10k crossed out and written in "1/2 of $227k". That was done after I signed the form. On the typed up summary of the quit claim deed (done by the filer I'm assuming) it lists the consideration as $113.5k. Any idea what that means? I believe the $227k was the exact number that we financed. quote:It means you have something in writing to show that she owes you $113.5k. So OP paid half the mortgage for a few months and in exchange is now legally owned $113.5k since it says that as the consideration on the quit claim deed. In this case, it's the ex who made this correction on the quit claim that is holy hell BWM.
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Jul 28, 2017 17:20
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monster on a stick posted:I'm legit glad this person got dismissed from medical school, "crippling procrastination" does not sound like a good quality in a doctor. Another good case for student loans being able to be discharged in bankruptcy, though. This guy is never in his whole life going to be able to pay these loans off, and he failed so he can't use the degree.
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Jul 28, 2017 18:10
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I like how they think there's going to be a "profit" on a house they owned for 8 months.
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Jul 28, 2017 18:12
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Zo posted:guy buys a Ferrari and crashes it into a burning wreck after owning it for one hour I doubt it, picking up a new car from the dealer is one of the best parts about owning sweet sports cars. Especially a rare collectible 430 Scuderia like this one. Really sad because it was very limited production and obviously irreplaceable n
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Jul 28, 2017 18:26
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OctaviusBeaver posted:I like how they think there's going to be a "profit" on a house they owned for 8 months. I hadn't even closed on mine and I was offered a six-figure premium by another buyer. Some markets move quickly.
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Jul 28, 2017 18:29
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Solice Kirsk posted:Gonna go out on a limb and guess this was the first car that had more than 300hp that he's ever driven. Probably not, a 430 Scuderia is not like a starter Ferrari, it's a race car with few creature comforts and also like twice as expensive as a plain old F430
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Jul 28, 2017 18:31
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OctaviusBeaver posted:I like how they think there's going to be a "profit" on a house they owned for 8 months. Dude, the guy put 10k in alone. Those kinds of renovations have a x10 multiplier. They're totally going to short sell and he's going to owe more money.
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Jul 28, 2017 18:31
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monster on a stick posted:So OP paid half the mortgage for a few months and in exchange is now legally owned $113.5k since it says that as the consideration on the quit claim deed. In this case, it's the ex who made this correction on the quit claim that is holy hell BWM. I don't quite get it. Did she try to somehow screw him over by forging the document after he had signed it (but it backfired on her)?
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Jul 28, 2017 18:34
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Per posted:I don't quite get it. Did she try to somehow screw him over by forging the document after he had signed it (but it backfired on her)? You got it right, and she massively screwed it up. She can either pay him a ton of money, or admit that she changed a notarized document after the fact which is fraud. She's pretty much hosed now that she's decided to play games with her ex.
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Jul 28, 2017 18:45
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Subjunctive posted:I hadn't even closed on mine and I was offered a six-figure premium by another buyer. Some markets move quickly. I read this in a Canadian accent.
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Jul 28, 2017 18:55
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LLCoolJD posted:I read this in a Canadian accent. Yep.
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Jul 28, 2017 18:56
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peach moonshine posted:Marble Floors, Gold Ceilings: This is China’s Most Luxurious Horse Stable I'm not an expert horse-ologist, but I am skeptical that they would enjoy the sensation of walking on marble.
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Jul 28, 2017 18:58
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Doc Hawkins posted:I'm not an expert horse-ologist, but I am skeptical that they would enjoy the sensation of walking on marble. $100,000 racehorse slips and dies on polished marble floor. The price of luxury.
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Jul 28, 2017 19:08
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BarbarianElephant posted:$100,000 racehorse slips and dies on polished marble floor. The price of luxury. Rip Marbles, he saw his own reflection and died
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Jul 28, 2017 19:15
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monster on a stick posted:You got it right, and she massively screwed it up. She can either pay him a ton of money, or admit that she changed a notarized document after the fact which is fraud. She's pretty much hosed now that she's decided to play games with her ex. Fakedit: those horses look like something out of a Stanley Kubrick film.
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Jul 28, 2017 19:17
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Doc Hawkins posted:I'm not an expert horse-ologist, but I am skeptical that they would enjoy the sensation of walking on marble. That's a viewing gallery for owners. The horses don't walk there.
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Jul 28, 2017 19:18
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monster on a stick posted:I'm legit glad this person got dismissed from medical school, "crippling procrastination" does not sound like a good quality in a doctor. Failing out of med school is quite a feat. Literally the 1%
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Jul 28, 2017 19:35
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Subjunctive posted:I hadn't even closed on mine and I was offered a six-figure premium by another buyer. Some markets move quickly. Isn't your previous market "San Francisco" though? That's a pretty massive outlier Doc Hawkins posted:I'm not an expert horse-ologist, but I am skeptical that they would enjoy the sensation of walking on marble. It looks like all they have in their pens is a rubber mat, I'd think the horses would be terribly bored and uncomfortable the whole time.
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Jul 28, 2017 19:37
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ate all the Oreos posted:Isn't your previous market "San Francisco" though? That's a pretty massive outlier
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Jul 28, 2017 19:38
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ate all the Oreos posted:Isn't your previous market "San Francisco" though? That's a pretty massive outlier No, I never owned a house in the Bay Area.
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Jul 28, 2017 19:38
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Virtue posted:Failing out of med school is quite a feat. Literally the 1% They were in DO school too
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Jul 28, 2017 19:49
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monster on a stick posted:You got it right, and she massively screwed it up. She can either pay him a ton of money, or admit that she changed a notarized document after the fact which is fraud. She's pretty much hosed now that she's decided to play games with her ex. Goddamn, that's some M Night Shyamalan level twist right there. He's bad with money but she's so bad with money that it somehow makes him good with money? 
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Jul 28, 2017 20:48
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Hoodwinker posted:Even if it wasn't notarized yet, I believe all contract amendments have to be dated and initialed in order to be valid. Otherwise people could just cross poo poo out and say it was the other person (exactly like this). If they do this and forge that person's initials, then it becomes fraud. Let's say that I'm a terrible fraudster and I change some figures on a document and initial it with the initials of all parties. How do you prove fraud? Do I hope that you've thrown away your copy if you had one? Does someone who claims to analyze handwriting get to testify? I'm genuinely curious how this stuff gets handled because it MUST come up occasionally.
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Jul 28, 2017 20:50
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Volmarias posted:Let's say that I'm a terrible fraudster and I change some figures on a document and initial it with the initials of all parties. How do you prove fraud? Do I hope that you've thrown away your copy if you had one? Does someone who claims to analyze handwriting get to testify? Notaries make copies (at least every time I've had something notarized, they make a photocopy), so whoever notarized the original document will have the original version with "$10K" on it. If the document has an obvious change, then the change itself has to be notarized as well, and the notary would have a copy of that. It would be a big deal if the notary was in on it, as in they'd be criminally liable for whatever fraud was taking place.
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Jul 28, 2017 21:19
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Subjunctive posted:Yep. I read the six figure offer in a Chinese accent.
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Jul 28, 2017 21:49
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Dillbag posted:I read the six figure offer in a Chinese accent. Unknown.
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Jul 28, 2017 21:50
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Some guy posts a lot of words justifying his failed market timing attempt.quote:In this series, I (Jin Choi) talk about my goal of reaching $1 million in my TFSA (Roth IRA equivalent) account by 2033... 1775 words of masturbatory post hoc rationalization and deep thoughts on geopolitics follows to be capped off by some face-saving bullshit: quote:Lastly, let me just clarify that my TFSA account does not reflect the nature of my overall investment portfolio. To give you an idea, I hold more than 10% of my assets in cash. I also own some corporate bonds as well as stocks in a diverse set of industries. I’m actually trying to think of ways to derisk my overall portfolio further. My TFSA portfolio will continue to hold risky stocks, but I may increase my allocation towards cash, bonds and gold related stocks in the months ahead. My favorite bit that's almost thread-title worthy: quote:I’m coming to realize that my approach to valuing oil and gas companies may have been wrong I can literally metaphorically hear the tubas going *womp womp* in the background
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Jul 28, 2017 22:10
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