|
Krispy Wafer posted:Whether or not the lender keeps their own loans makes a difference. No one cared before the Great Recession because a lot mortgages were bundled with AAA ratings and sold off almost immediately. If you’re banking on decades of income from the borrower then you make safer loans. If all you care about are fees then you make big lovely deals that you offload as fast as possible. I've got some bad news about the rate of securitized mortgages today
|
#
?
Nov 27, 2018 21:02
|
|
|
|
| # ? Jun 8, 2024 14:30 |
|
|
Motronic posted:Concerned about the house we bought and our overspending. First time finance poster. If they're not already doing it, they could save a shitload by using an FSA to pay for child care.
|
|
#
?
Nov 27, 2018 21:20
|
|
|
brugroffil posted:I've got some bad news about the rate of securitized mortgages today As long as the subprime ones aren’t getting AAA ratings then that’s okay. By giving them premium ratings they increased the pool of institutions or funds that could buy them and encourage ever more risky lending. There are always going to be lovely lenders and bad borrowers. But when their lovely duplexes in Vegas are securitized into financial instruments with better ratings than US Treasury debt, it’s a real big problem.
|
|
#
?
Nov 27, 2018 22:06
|
|
|
OP Came back to tell us what the utilities are. I noticed 3 I wouldn't usually lump into utilities. Phone is probably cell, so that isn't that crazy.quote:Thanks for responding for me How the gently caress is is Hulu costing them $83 a month?
|
|
#
?
Nov 27, 2018 22:32
|
|
The student loans aren’t terrible. We also paid off my husbands loans in full already before we moved.
|
wilderthanmild posted:OP Came back to tell us what the utilities are. I noticed 3 I wouldn't usually lump into utilities. Phone is probably cell, so that isn't that crazy.
|
|
#
?
Nov 27, 2018 22:39
|
|
|
wilderthanmild posted:OP Came back to tell us what the utilities are. I noticed 3 I wouldn't usually lump into utilities. Phone is probably cell, so that isn't that crazy. Turns out they also offer Cable TV https://www.hulu.com/live-tv with HBO and similar addons. edit: Jesus christ I love that the cable companies just can't help themselves: quote:No Commercials
|
|
#
?
Nov 27, 2018 22:39
|
|
|
The more services get offered, the less I understand the need for a zillion channels on TV. In a world where you can easily kill 3 hours watching jack poo poo on youtube, let alone the hundreds of shows already available on Netflix and Hulu, WHY?
|
|
#
?
Nov 27, 2018 22:41
|
|
|
Watching Game of Thrones legitimately is BWM
|
|
#
?
Nov 27, 2018 22:52
|
|
|
quote:I have 4 credit cards that I regularly use and it's confusing at times to keep up with all the balances. That'll be what gets runaway CC use under control, yep.
|
|
#
?
Nov 27, 2018 23:30
|
|
|
Doccykins posted:You buried the lede
|
|
#
?
Nov 28, 2018 00:19
|
|
|
Hoodwinker posted:US Gov't: we are running on a huge deficit. here is my budget. help, my people are dying! Defense is ~20% of the federal budget if you include veterans benefits (which is food and healthcare). When people quote huge percentages it's usually because the budget is arbitrarily divided between mandatory (not actually mandatory) and discretionary spending and they quote the defense budget as a percentage of the discretionary part. Social security, unemployment, Medicare and Medicaid make up the bulk of federal spending.
|
|
#
?
Nov 28, 2018 00:20
|
|
|
OctaviusBeaver posted:Defense is ~20% of the federal budget if you include veterans benefits (which is food and healthcare). When people quote huge percentages it's usually because the budget is arbitrarily divided between mandatory (not actually mandatory) and discretionary spending and they quote the defense budget as a percentage of the discretionary part. Social security, unemployment, Medicare and Medicaid make up the bulk of federal spending. And depending on how you look at it, not spending is still spending. For example tax incentives aren't an outlay, but reduced income from them is basically equivalent.
|
|
#
?
Nov 28, 2018 00:22
|
|
|
Has this been posted? Gender reveal gone wrong:quote:https://www.usatoday.com/story/news/nation/2018/11/27/sawmill-fire-explosion-caught-camera-during-gender-reveal-party/2123246002/
|
|
#
?
Nov 28, 2018 01:50
|
|
|
Suspicious Lump posted:Has this been posted? Gender reveal gone wrong: Isn't he paying 220k? GWM
|
|
#
?
Nov 28, 2018 02:44
|
|
|
Suspicious Lump posted:Has this been posted? Gender reveal gone wrong: quote:As part of a plea agreement, Dickey agreed to a sentence of five years’ probation and to pay restitution totaling more than $8.1 million. He agreed to make an initial $100,000 payment and monthly payments thereafter, officials said. There goes the college fund.
|
|
#
?
Nov 28, 2018 02:45
|
|
|
moana posted:america.txt: a $100 a month "Paying back child birth" line item They had a $5k deductible, i.e., they chose a HDHP and didn't fund their HSA sufficiently or have enough in savings to make that a good choice. For what drat well out to be a not-a-huge-surprise event (having a child) for anyone with sufficient education to land a 6 figure job, buy a house that is too big, and take care of a manbaby husband. I get the america.txt, but working within the system we have, they still hosed it up fantastically for someone who should be in a position to know better. And she does. But her method of "managing" her life appears to be just doing whatever the gently caress she wants and sticking her head in the sand whenever information or ideas that don't support this impulsive behavior present themselves.
|
|
#
?
Nov 28, 2018 02:52
|
|
|
BMan posted:Watching Game of Thrones legitimately is BWM
|
|
#
?
Nov 28, 2018 03:08
|
|
|
Motronic posted:They had a $5k deductible, i.e., they chose a HDHP and didn't fund their HSA sufficiently or have enough in savings to make that a good choice. For what drat well out to be a not-a-huge-surprise event (having a child) for anyone with sufficient education to land a 6 figure job, buy a house that is too big, and take care of a manbaby husband. It's possible they weren't really offered another reasonably affordable option
|
|
#
?
Nov 28, 2018 03:31
|
|
|
brugroffil posted:It's possible they weren't really offered another reasonably affordable option This is the situation at my work. At least my company pays the premium! It ended up working out when I had my kid, after the birth I applied for financial aid at the hospital which ended up giving us a 75% discount on the $5k max out of pocket we owed. BWM Content: The new department coordinator was telling us about how she has a timeshare at Disney. Was also complaining about the rate on her HELOC going up suddenly! Spring Heeled Jack fucked around with this message at 03:48 on Nov 28, 2018 |
|
#
?
Nov 28, 2018 03:46
|
|
|
brugroffil posted:It's possible they weren't really offered another reasonably affordable option They are making 100k, and probably do have other options given their income level, but even if they don't it has been at least 16 months since the kid was born, and they had at least 9 months before the baby to plan for the expense. They could have easily put 5k into an HSA over that time. These people aren't poor, they are just irresponsible. therobit fucked around with this message at 04:26 on Nov 28, 2018 |
|
#
?
Nov 28, 2018 04:07
|
|
|
This chick reminds me of a female version of  
|
|
#
?
Nov 28, 2018 04:14
|
|
|
OctaviusBeaver posted:Defense is ~20% of the federal budget if you include veterans benefits (which is food and healthcare). When people quote huge percentages it's usually because the budget is arbitrarily divided between mandatory (not actually mandatory) and discretionary spending and they quote the defense budget as a percentage of the discretionary part. Social security, unemployment, Medicare and Medicaid make up the bulk of federal spending. The explicit DoD budget is roughly 20% but that doesn't factor in all of the other military spending that gets hidden within other departments (eg dept of energy for the nuclear arsenal, NASA with military sat stuff, DHS spending, State dept stuff) and also excludes debt related expenses for the military. In 2014 for instance the DoD budget was $614b or 16.8% of the budget but once you include all of the known expenses elsewhere (plenty is hidden completely for national security reasons but probably is small enough here to ignore) the total is closer to $1.3T or 35.6% of the budget (total budget both mandatory and discretionary). So the dril joke is still inaccurate here but we spend as much on the military as we do social security. The military as its current bloated beast is at best providing broken windows stimulus (so basically nil) and at worst is a drain on the overall economy (a military is of course necessary, especially to ensure US dominance, but we could do that with substantially reduced spending) whereas social security is self-funded (to the point that a huge portion of our national debt is in the form of borrowing from SS) and provides real economic stimulus of roughly 2x (in 2014 SS provided roughly $1.6T economic stimulus at a cost of $850B) and addressed real problems in our society. So while the joke wasn't entirely accurate it does still touch on a truth which is that allocating resources towards waste is a real problem long term and the military is egregiously wasteful and has a very real opportunity cost as we forego allocations that are actually productive. Which touches on the discussion about the debt and deficit. The debt is not itself a bad thing and the total amount of debt the US has is manageable. Similarly a big deficit can easily be dealt with and the deficit in of itself is basically a non issue. The core issue comes down to if we are allocating resources towards things that matter (infrastructure, schools, hospitals, feeding people, etc) and will set the country up for future success. The military budget might not make up 99.99% of the total budget but the fact that it has comparable spending to social security or medicare is shameful.
|
|
#
?
Nov 28, 2018 05:10
|
|
|
wilderthanmild posted:I must have just been lucky with my LO. I remember she said "So we can lend you up to xxx if you really want, but it would be a bad idea to spend anywhere near that." It might have been that I was already coming in with a budget to spend so it wasn't worth trying to push my numbers up. She did also say that a lot of people seemed offended at the idea they shouldn't spend near the max though. Yeah. Ours basically said "we can approve you up to XXXK, but your payments would be $2100 a month." That was my partners entire monhly take home at that time. We weren't too comfortable with that. They also had us bring in a few places we found on Zillow and through our agent that we were possibly interested in and broke down what it would cost, including insurance and property tax, as well as HOA. It REALLY helped us set our sights where they needed to be, and kept us away from putting in an offer on an admittedly very nice townhouse where the mortgage was manageable...until you factored in the huge HOA fee. 1 very GWM hour of our lives.
|
|
#
?
Nov 28, 2018 05:19
|
|
|
Raldikuk posted:The explicit DoD budget is roughly 20% but that doesn't factor in all of the other military spending that gets hidden within other departments (eg dept of energy for the nuclear arsenal, NASA with military sat stuff, DHS spending, State dept stuff) and also excludes debt related expenses for the military. In 2014 for instance the DoD budget was $614b or 16.8% of the budget but once you include all of the known expenses elsewhere (plenty is hidden completely for national security reasons but probably is small enough here to ignore) the total is closer to $1.3T or 35.6% of the budget (total budget both mandatory and discretionary). What the hell is going on, someone made a good effort post in the BWM thread???
|
|
#
?
Nov 28, 2018 06:09
|
|
|
We didn't even ask for the maximum approval amount. Wanted a letter saying $120k, the mortgage officer said "sure but you could definitely get way more," we said "nah we want to keep it at or below what we pay for rent" and ended up with a mortgage payment $130 lower than rent with cheaper utilities in the neighborhood we wanted to live in. We pay extra every month and zillow keeps saying it's going up in value for some ridiculous reason. Now I work for the bank that holds the mortgage and I found out employees get $1k off closing costs on mortgages or refis so maybe in hahahahaha rates are probably never going back down I'm stuck with 3.75% for three decades FAUXTON fucked around with this message at 06:14 on Nov 28, 2018 |
|
#
?
Nov 28, 2018 06:12
|
|
|
"The joke wasn't entirely accurate" is probably the highest praise I've ever gotten.
|
|
#
?
Nov 28, 2018 06:12
|
|
|
Krispy Wafer posted:It’s complex. You see 21 trillion and that’s a lot, but like’s been said we owe a lot of it to ourselves and a lot that we owe to others is just there as a hedge or place to park money. It’s the world’s safest investment and people will take a small loss in uncertain times just to avoid a large loss. There was a quick minute when it looked like the Euro might be preferable to the Dollar and then Greece happened and now everyone’s loving on the Dollar again. We need New Deal style taxes. Get the money moving by taxing the ways that the rich hide their income from being considered income, and remove corporate exemptions so we have less enormous corporations paying effectively negative tax rates.
|
|
#
?
Nov 28, 2018 06:48
|
|
|
BWM: the tax policy thread.
|
|
#
?
Nov 28, 2018 07:07
|
|
|
BWM: shying away from taxing accumulation of capital to the point where your economy collapses because anyone who can afford to spend money won't
|
|
#
?
Nov 28, 2018 07:11
|
|
|
Raldikuk posted:The explicit DoD budget is roughly 20% but that doesn't factor in all of the other military spending that gets hidden within other departments (eg dept of energy for the nuclear arsenal, NASA with military sat stuff, DHS spending, State dept stuff) and also excludes debt related expenses for the military. In 2014 for instance the DoD budget was $614b or 16.8% of the budget but once you include all of the known expenses elsewhere (plenty is hidden completely for national security reasons but probably is small enough here to ignore) the total is closer to $1.3T or 35.6% of the budget (total budget both mandatory and discretionary). Citation please, I have a real hard time figuring out how you get to double the official DOD budget by adding in some fraction of the DOE, NASA, State when all of those together are dwarfed by the DOD
|
|
#
?
Nov 28, 2018 07:16
|
|
|
FAUXTON posted:I'm stuck with 3.75% for three decades And it won’t be three decades if you keep overpaying.
|
|
#
?
Nov 28, 2018 07:26
|
|
|
Raldikuk posted:The explicit DoD budget is roughly 20% but that doesn't factor in all of the other military spending that gets hidden within other departments (eg dept of energy for the nuclear arsenal, NASA with military sat stuff, DHS spending, State dept stuff) and also excludes debt related expenses for the military. In 2014 for instance the DoD budget was $614b or 16.8% of the budget but once you include all of the known expenses elsewhere (plenty is hidden completely for national security reasons but probably is small enough here to ignore) the total is closer to $1.3T or 35.6% of the budget (total budget both mandatory and discretionary). 2014 was the year that ISIS got big and we had a massive air campaign plus deployed thousands of ground troops so it was probably an outlier. Schools and hospitals are mostly done at the state or local level so you won't see them in the federal budget except for some grants. Ditto for a bunch of other welfare spending and infrastructure.
|
|
#
?
Nov 28, 2018 07:55
|
|
|
The solution to America's financial problems lie in proscription.
|
|
#
?
Nov 28, 2018 08:11
|
|
|
https://www.reddit.com/r/Bitcoin/comments/a102q2/finally_got_the_call_from_my_dad_i_had_been/quote:r/Bitcoin•Posted byu/euthyfhro
|
|
#
?
Nov 28, 2018 10:35
|
|
|
Turns out the dad had in fact gambled away the entirety of his retirement savings and remortgaged his house to keep it rolling.
|
|
#
?
Nov 28, 2018 10:55
|
|
|
I've notice an uptick in self-post reports lately. I know some people can't stand them, and others think that we shouldn't shut down discussion automatically just because they start with an I, my, or we, but just keep the general forums rule in mind:quote:Before you post: Before posting, please ask yourself the following question: "Am I making a post which is either funny, informative, or interesting on any level?" If it's relevant and contributes to a discussion, go for it, but self-indulgent posts or humble bragging about your interest rate or the deal you got does not seem to be popular here. e: It's time for BFC to be BFC again. I'll have it changed back to Business, Finance, and Careers, or something else if anyone wants to suggest something Moneyball fucked around with this message at 12:43 on Nov 28, 2018 |
|
#
?
Nov 28, 2018 12:32
|
|
|
I think it's cathartic to talk about the BWM things we've done ourselves. It's just that no one wants to hear humblebrags or about how GWM they are itt.
|
|
#
?
Nov 28, 2018 14:55
|
|
|
Bitcoin Forex and Candles If we haven't done that one already
|
|
#
?
Nov 28, 2018 14:57
|
|
|
Volmarias posted:Bitcoin Forex and Candles we did do that one broodmares fords and caterers, since this is kinda the bwm thread forum nowadays
|
|
#
?
Nov 28, 2018 15:00
|
|
|
|
| # ? Jun 8, 2024 14:30 |
|
|
bob dobbs is dead posted:we did do that one Borrowing For Canines
|
|
#
?
Nov 28, 2018 15:03
|
|