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Mezzanon posted:Cross posting from the Schadenfreude thread! omg I'm sharing this beautiful thing with everyone
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Jul 18, 2018 21:01
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Mezzanon posted:Cross posting from the Schadenfreude thread! This is amazing.
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Jul 18, 2018 21:02
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GoGoGadgetChris posted:What's the point of generating profit once your debt is serviced and you've made sufficient progress toward your short and long-term savings goals? There's nothing inherently good about stockpiling more money than you need. Generational “gently caress you” wealth of the 1%
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Jul 18, 2018 21:03
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Mezzanon posted:Cross posting from the Schadenfreude thread!  edit: by following the link I found out that this dumb mother fucker posted the same thing three times in three days
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Jul 18, 2018 21:15
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That is the most incredible thing that has ever been posted in the thread
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Jul 18, 2018 21:16
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Mezzanon posted:Cross posting from the Schadenfreude thread! Oh my. This is how the video game Colonial Marines was made and it turned out just as successful. Pro tip, if you're outsourcing your work - don't get pissy when your outsourcer outsources.
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Jul 18, 2018 21:16
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quote:Apparently, there was some kind of disagreement in this loving supply chain, and someone (most likely the guy in Africa) ended up emailing my professor and reporting me for cheating. The fucker presented a lot of rock-solid evidence, too. This is one of the most beautiful 2 sentence paragraphs ever written in the English language.
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Jul 18, 2018 21:17
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Krispy Wafer posted:Oh my. Did you see that it was recently discovered that a large part of why the AI in CM sucked was due to a single misspelled word in a script? A wonderful cap to that story. https://resetera.com/threads/aliens-colonial-marines-ai-fixed-by-a-single-letter.55247/
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Jul 18, 2018 21:19
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I want to find that guy in Africa and give him a high five
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Jul 18, 2018 21:20
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I want to know what the African guy was getting paid. If it started at $10k and went through 2 to 3 different people he was probably getting $100.Darkrenown posted:Did you see that it was recently discovered that a large part of why the AI in CM sucked was due to a single misspelled word in a script? A wonderful cap to that story. Haha. That's great.
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Jul 18, 2018 21:28
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Crossposting from the /r/relationships thread: Major problem with GF (26f) of 3 years. I (27m) just took a job as a leasing agent/manager for a group of apartment complexes. I get free rent, I think that she should pay half market value. She thinks I'm being a jerk. We're stuck. quote:I'll keep this short. I've been with my girlfriend for three years, we lived together in a small (but really nice) house with crazy low rent. We were roommates first and then dated so in a weird twist we have never not lived together. In the house we split everything down the middle.
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Jul 18, 2018 22:35
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Haifisch posted:Crossposting from the /r/relationships thread: To be fair, soon he will no longer have to "support" his "not very rational" girlfriend. GWM.
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Jul 18, 2018 22:40
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They've been living together for three years and he's trying to pull that???
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Jul 18, 2018 22:52
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Does he have to pay taxes on the "free" apartment? Because then I think she should at least part of the tax burden.
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Jul 18, 2018 22:55
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Haifisch posted:Crossposting from the /r/relationships thread: Whoof, this guy got suckered by his employer and then immediately hosed up his relationship by describing his apartment in those same terms his employer used ("it's free!"). It ain't free, man, it really ain't. The fact that your employer offered to pay you a lot more if you don't take the "free apartment" deal should have made that perfectly clear.
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Jul 18, 2018 22:59
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Wow, reddit has some fuckin' STUPID posters on it. "he is bwing ripped off because the apartment doesn't really cost the company amything" direct quote. Randler posted:Does he have to pay taxes on the "free" apartment? Because then I think she should at least part of the tax burden. Yes, he will. But if he doesn't like the idea of some of his compensation being gobbled up by his girlfriend, romance probably isn't for him
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Jul 18, 2018 23:01
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they are offering him a roughly 25 percent discount on rent
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Jul 18, 2018 23:05
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Trying to buy an older used jeep but cant afford it with negative equity. What can I do? https://www.reddit.com/r/personalfinance/comments/900532/trying_to_buy_an_older_used_jeep_but_cant_afford/ quote:I'm trying to buy a 2001 Jeep TJ for $9756 (incl tax tags fees), I currently have a 2012 focus w/ $7077 left on my lease. The dealer pre-approved me for $7067 for 48mo @ 22% interest with a 570 credit score (not TransUnion or Equifax). I called the bank I have an account (Navy Federal) with and was told that to get a loan for ~17000 they won't not approve me because their "value to loan amount" is too high as the vehicle is only worth 6k and there isn't enough collateral. What can I do that will approve my loan for the new vehicle?
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Jul 18, 2018 23:38
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570  2001 Jeep for $10k 22% interest $17,000 loan to roll the equity Just literally all around
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Jul 19, 2018 00:20
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OP posted:I should add, that this is from a small dealership not a big name one which is why I'm looking at getting the Jeep from there but I don't want to get screwed because of my old score 
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Jul 19, 2018 00:30
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2012 Focus with $7000 left on the lease!!! Negative equity on a LEASE!
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Jul 19, 2018 00:45
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Why would you lease a six year old car I’m not really hip to leases but that seems kind of silly?
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Jul 19, 2018 00:47
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Haifisch posted:Crossposting from the /r/relationships thread: Aside from the bwm part this dude has some fuckin BALLS
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Jul 19, 2018 01:04
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mike- posted:Aside from the bwm part this dude has some fuckin BALLS He is right to ask for her to pay rent, his problem is framing it as if he is getting free rent. He isn't getting free rent, he is getting rent as a form of compensation in lieu of cash money. It is only fair for the other roommates to pay for their share of what it is costing him. The amount he is asking for is probably way too much though; sounds like 25% of the market value would be fair here since the choice was to get 50% of the rent as salary or be able to live there without paying rent. Edit: Reading the thread it appears it is 50% cash and 25% as 401(k) contribution, so 75% of market value. So 37.5% of market value would be fair for rent there. Perhaps a bit more to account for the taxes that he will owe on the "free rent". Raldikuk fucked around with this message at 02:32 on Jul 19, 2018 |
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Jul 19, 2018 02:26
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There's nothing inherently wrong with luxury cars, the societal issue is being able to put 0 or less than the off the lot depreciation down on an instantly depreciating asset. Imagine putting negative down on a house, it's the same loving thing actually its worse. Just pay cash for your lifted truck or overpriced jeep or whatever car you want to buy and you are fine. Or at least be medium with money and put enough down that you are never upside down.
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Jul 19, 2018 04:32
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Vox Nihili posted:Whoof, this guy got suckered by his employer and then immediately hosed up his relationship by describing his apartment in those same terms his employer used ("it's free!"). It ain't free, man, it really ain't. The fact that your employer offered to pay you a lot more if you don't take the "free apartment" deal should have made that perfectly clear. I'd be shocked if the free apartment isn't a better deal. There's a very good chance it's not counting towards his income, and his description of how he would be paid instead is incredibly odd (the 401k part doesn't make sense).
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Jul 19, 2018 04:44
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There's almost a 0 percent chance that a "national property management company" isn't royally reaming him on this free rent deal. The fact that he doesn't seem to fully understand the arrangement makes it even more likely.
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Jul 19, 2018 05:02
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Do employers pay less wage taxes if they put it in an employees 401k? I think whether taking the appartment is BWM depends on if he could get similar housing (or otherwise would if this place is super nice) for the difference in pay. It's a pretty common setup and I've seen plenty of appartments that want live on-site managers. If the other units in the property are renting for the same amount, how is it ripping him off? I don't know the details so I'm sure it's entirely possible they are telling him his unit is worth 3k a month when the others rent for 2k.
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Jul 19, 2018 05:04
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LastDeadMouse posted:There's almost a 0 percent chance that a "national property management company" isn't royally reaming him on this free rent deal. The fact that he doesn't seem to fully understand the arrangement makes it even more likely. I work in the industry, it's very common. The compensation in lieu of the apartment doesn't even begin to make sense though so who knows what the deal actually is.
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Jul 19, 2018 05:14
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Can someone explain to a non car guy why depreciation is a problem? Do most people feel the need to sell their car during its useful life? Or does it pose a problem if you total your car or something?
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Jul 19, 2018 05:20
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GoGoGadgetChris posted:Can someone explain to a non car guy why depreciation is a problem? Do most people feel the need to sell their car during its useful life? Or does it pose a problem if you total your car or something?
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Jul 19, 2018 05:33
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I mean I can see a few advantages to taking the apartment, 0 commute so you no longer have to incur travel expenses/time to get to work would be the selling point for me personally.
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Jul 19, 2018 06:40
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Jack2142 posted:I mean I can see a few advantages to taking the apartment, 0 commute so you no longer have to incur travel expenses/time to get to work would be the selling point for me personally. On the other hand, guess who gets called at 3am when a resident has a problem?
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Jul 19, 2018 06:53
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Midjack posted:On the other hand, guess who gets called at 3am when a resident has a problem? I'm going with maintenance or the office. It's not like your apartment is also your office.
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Jul 19, 2018 07:56
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I think both Jacks are thinking it’s one of those apartment custodian positions.
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Jul 19, 2018 08:55
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BEHOLD: MY CAPE posted:2012 Focus with $7000 left on the lease!!! Negative equity on a LEASE! he almost certainly means loan so that is another BWM thing: not understanding what you are doing. GoGoGadgetChris posted:Can someone explain to a non car guy why depreciation is a problem? Do most people feel the need to sell their car during its useful life? Or does it pose a problem if you total your car or something? a couple things: 1) yes, most people feel the need to sell the car during its useful life. the depreciation curve really starts to level out at about 15 years in the $3-5k range for most cars. People do not keep cars for 15 years. There's a big bump at 3, a bump at 5, and a big bump at about 10, in terms of car turnover. Many people who are bad with money shop on payment and get a $400/mo payment which is great it fits within their budget, but surprise! you now have a 72/84/96 mo loan and a ton of interest carried. depreciation is an inverse function and so you lose a huge chunk of value in year 1, slightly less in year 2, etc. Five years in the car needs some routine heavy maintenance costing a couple thousand dollars. The car is now worth about 30% of its original value, but they're on a 96 month loan term and so they still owe about 35% of the car's original value. Instead of spending a couple grand cash that they don't have to fix the car, the buyer goes to the dealer and rolls this negative equity in to another loan. The next loan is even more poisonous because even before the car is driven off the lot it's worth less than the loan value, and the buyer will be underwater for that much longer, causing them to do the same thing in the future with more negative equity. ~its the circle of subprime autoloans, and it mooooves us aaaaaallll~ And of course if your car gets crunched in an accident, insurance pays out on what it's worth, not what you owe (unless you are carrying gap insurance) zonacat posted:There's nothing inherently wrong with luxury cars, the societal issue is being able to put 0 or less than the off the lot depreciation down on an instantly depreciating asset. Imagine putting negative down on a house, it's the same loving thing actually its worse. why would you pay cash when you can get a really good split between finance rates and the market? agreed you should never be upside down on the loan
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Jul 19, 2018 13:20
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If the dealership won’t offer a cash discount, take all that sub-inflation interest rate debt you can get.
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Jul 19, 2018 13:51
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Yeah, as someone currently buying a car I would be much worse off in 5 years if I took 30 grand out of my retirement savings today to get out of paying 2% interest. if you're that guy from above paying 22% interest, then yeah don't do that. I guess if you have good credit privilege its better to finance 
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Jul 19, 2018 14:44
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Car talk runs a higher risk of self posting than wedding chat. I think BMW has a subscription model for people who want to pay for their cars forever. I’m surprised no cheaper brands have tried it. I guess there’s a lot of moral hazard involved if you know you’re just going to replace it with a newer model in 5 years. Edit: holy poo poo I just got the white van speakers scam in a Whole Foods parking lot. Krispy Wafer fucked around with this message at 16:04 on Jul 19, 2018 |
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Jul 19, 2018 15:50
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Krispy Wafer posted:Car talk runs a higher risk of self posting than wedding chat. They have. Ford/Lincoln have a subscription service, so do Volvo, Cadillac, Merc, and Porsche (granted those last aren't really cheaper than BMW). There are also third-party companies that offer subscription services. https://www.thetruthaboutcars.com/2017/12/car-subscription-services-going-become-new-normal/ Whether they make financial sense is...questionable. https://www.thetruthaboutcars.com/2017/11/volvo-xc40-subscription-service-starts-at-600-per-month/ quote:For $600 a month, Care by Volvo is offering access to its new XC40 — the new compact SUV that just started production in Belgium this month. Here’s how it works: Volvo customers choose a car online and make a monthly payment that covers insurance, service, and maintenance. The subscription last 24 months but, during that time, customers will be given the opportunity to change cars and sign up for a new 24-month subscription as early as a year into the existing agreement.
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Jul 19, 2018 16:13
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