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the jersey baseball park is a mob racket.
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Dec 7, 2018 05:16
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The worst part is the article concludes with them being $1 million in the black.
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Dec 7, 2018 05:23
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OctaviusBeaver posted:The worst part is the article concludes with them being $1 million in the black. Well they definitely still owe half a million, and any valuation of their house is meaningless until they actually sell it, so not so much. Sock The Great posted:So are these all cash buyers or do Canadian banks not require a home inspection to issue a mortgage? Typically banks want to be sure the house isn't going to collapse, seeing as they own it and all. This is just a news article, and I'm no expert, but it sounds like Canadian banks do not require a home inspection to issue a mortgage, as long as the property's assessed value matches up. https://business.financialpost.com/...ing-inspections quote:There is one group that doesn’t see much of a problem with the decline in home inspections: mortgage providers. Banks are far less concerned about costly repairs that may arise later and are instead focused on the appraised value of a property, Dasgupta said. Most property value in Vancouver/Toronto right now is in the land -- an 80:20 ratio is not uncommon, and it can be far worse than that. The last place I rented (a suite in) was valued at $3.9mil, with the actual house (which was built in the 60s and not terrible) valued at about $100K.
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Dec 7, 2018 09:22
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Sock The Great posted:So are these all cash buyers or do Canadian banks not require a home inspection to issue a mortgage? Typically banks want to be sure the house isn't going to collapse, seeing as they own it and all. They don't require anything except that you can get insurance. The job title of "home inspector" also means nothing here -- I don't know how it is in the US, but I here could just call myself a home inspector, sell lovely inspections that mean nothing because I am a random idiot, and the buyers would have no recourse against me.
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Dec 7, 2018 10:33
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One year ago:NicehHash posted:"Unfortunately, there has been a security breach involving NiceHash website. We are currently investigating the nature of the incident and, as a result, we are stopping all operations for the next 24 hours.
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Dec 7, 2018 12:43
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Their eventual explanation for what happened-
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Dec 7, 2018 12:45
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A hash so nice they stole it twice.
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Dec 7, 2018 13:44
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My wife texted me yesterday that one of her coworkers is freaking out about the stock market going down because he’s close to retirement and that where all of his retirement funds are.
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Dec 7, 2018 15:27
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Why do people keep using these lovely exchanges when they are constantly losing/stealing people's money? I have lost track of the number of places that this happens to. Is it just because it's much harder to actually do anything with bitcoincs/etc without an exchange?
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Dec 7, 2018 15:32
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Ashcans posted:Why do people keep using these lovely exchanges when they are constantly losing/stealing people's money? I have lost track of the number of places that this happens to. Is it just because it's much harder to actually do anything with bitcoincs/etc without an exchange? It has absolutely no use as a currency except in buying drugs and child porn so it’s parked in an exchange in order to get some sort of “value” out of it.
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Dec 7, 2018 15:45
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George H.W. oval office posted:It has absolutely no use as a currency except in buying drugs and child porn so it’s parked in an exchange in order to get some sort of “value” out of it. AARO?
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Dec 7, 2018 15:51
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GriszledMelkaba posted:https://torontolife.com/real-estate/parkdale-reno-hell/ quote:We were cash-strapped, desperate to move and hemmed in by a hot market. Five years, three contractors and $1.1 million later, our home reno nightmare is finally over  Non Serviam posted:They must be old money, because the dude has a PhD in education, and the woman doesn't work... And yet, they have had up to three or four properties at a given time. This week, on House Hunters...
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Dec 7, 2018 16:02
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One of my former coworkers just posted this on facebook.quote:When you have -362873 dollars in your bank account, but it doesn’t matter, because you’re the happiest you’ve been in a long time She left the place we worked about two weeks ago. She was pulling in probably about 44k a year, which isn't great, but she just turned 24 and it's pretty good at that age in a city with low unemployment and a competitive job marker, and having a degree in art. She left to be a vet tech with no experience at a clinic that does large volume spaying/neutering of cats/dogs (they provide veterinary care for a lot of shelters). I can't imagine she's making a lot of money. She's also been commuting to a school over an hour away a few times a week for the last 2 years while working on a masters degree in art therapy, which is where I imagine the bulk of that debt comes from. On top of that, she was living with a boyfriend of several years, but she found out he was cheating on her and they broke up. I knew she moved from where she was living, but I just found out that she didn't have enough money to get a place of her own, so the boyfriend moved in to the new place with her. I'm fairly certain it didn't end on good terms, because she did not seem to take the break up well, and she was bad mouthing him up until the day she left, so I can't imagine her living situation is great. I'm glad she's happy, because she didn't really seem to enjoy where she worked, but god drat that amount of debt would give me such bad anxiety that I wouldn't be able to function. She's not exactly a thrifty spender either.
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Dec 7, 2018 16:23
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Sock The Great posted:So are these all cash buyers or do Canadian banks not require a home inspection to issue a mortgage? Typically banks want to be sure the house isn't going to collapse, seeing as they own it and all.
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Dec 7, 2018 16:37
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BAE OF PIGS posted:
From what you tell I'd bet my 3 or 4 bottom dollars that she's manic. I have been there. You are going through a super rough.patch and one morning you are super happy and full.of energy and you tell yourself nothing will ruin your day. That's like a full dam showing a little crack, emotionally.
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Dec 7, 2018 16:40
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gvibes posted:I recently bought a house with a mortgage in the US without doing an inspection. I don't think it's generally required. It is not. The banks require an APPRAISAL, which is not at all an inspection. They also require insurance coverage. An inspection is for the buyer and not at all required.
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Dec 7, 2018 16:42
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GriszledMelkaba posted:https://torontolife.com/real-estate/parkdale-reno-hell/ Idiots posted:Desperate, we pimped out our newborn daughter for some modelling gigs, The first part of that sentence scared the poo poo out of me because I don't think I'd be surprised if that's where their idiotic decision tree took them.
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Dec 7, 2018 16:57
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Sock The Great posted:So are these all cash buyers or do Canadian banks not require a home inspection to issue a mortgage? Typically banks want to be sure the house isn't going to collapse, seeing as they own it and all. You aren't required to do a home inspection in the USA as well when getting a home loan.
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Dec 7, 2018 17:04
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Canadian mortgages are generally recourse, aren’t they?
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Dec 7, 2018 17:16
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I had to use Removeddit to find this one, but it's a doozy: Pregnant and Financially Screwed quote:I have to start by saying I have gotten myself into this mess. I understand that. I am the child of two fiscally irresponsible adults. My mother has claimed bankruptcy 3 times. My father is on a fixed income and struggles to make ends meet. This is not an excuse by any means, but I want to state it so you know where my mindset on money is. I am pregnant with my first child. My husband and I are excited but now I’m freaking out. We are currently behind on bills, trying to sort a payment plan for 2 mons of mortgage we missed this summer due to terrible budgeting and over $3k in unexpected expenses, and have crippling credit card debt. Before everyone suggests I get rid of everything and live in a tent, there are a few things I should note. I will not leave my home, I will not sell the car (we are upside down in the loan anyways), and my husband already works extra when he can. Being in my first trimester, it’s tough enough to do my own job. Without getting totally into dollars and cents, can anyone make suggestions on how to help get through this? On top of $10k in credit card debt, $800 in utilities owed, and $idfk in student loans, we have to put a fence in and knock down a lead garage before our child is born. Anyone that can offer some advice or peace of mind would be great. I know people love to tear others apart on this sometimes but trust me...I’m tearing myself up enough as is.
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Dec 7, 2018 18:12
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I’m the requested financial advice “without getting into dollars and cents.”
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Dec 7, 2018 18:15
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What is a lead garage? Like a garage where you store your lead?
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Dec 7, 2018 18:20
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It's actually a lead garage, the backup garage will work just fine and they need more room for the kid.
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Dec 7, 2018 18:21
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Lead painted garage? That’s how I read it Also: I’m $idfk while requesting financial advise
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Dec 7, 2018 18:22
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They edited the main post as some point to say that they have $150k in student loans in deferment, and need a bunch of money for the fence for their dogs. They have to spend $350/mo on dog food because it has an allergy and needs to eat duck. That girl is *hosed*.
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Dec 7, 2018 18:23
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Phanatic posted:The team made a single payment to the county, and then moved to Connecticut. And what’s funny is that the Connecticut side was also terrible. The capitol Hartford wanted a minor league team to revitalize some crappy area so they stole a team from two towns over which had a nice stadium. That now empty stadium is where the Camden team went. Also the new Hartford stadium was yet another debacle involving firing the developer and missing the deadlines by a year or something.
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Dec 7, 2018 18:25
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Nocheez posted:$350/mo on dog food Well gently caress these people
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Dec 7, 2018 18:29
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Kill the dog and kill the baby. Walla!
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Dec 7, 2018 18:38
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Wonder how much they'll spend a month on cat food in retirement
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Dec 7, 2018 18:39
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Dog eats loving better then me. There's no other food it can eat? Or it won't eat any other food. Probably the latter if all it eats is duck.
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Dec 7, 2018 18:40
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i like how she is all "i know i got myself in to this mess" and then proceeds to blame her parents
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Dec 7, 2018 18:40
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https://twitter.com/bobvulfov/status/1069088499213787137
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Dec 7, 2018 19:47
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https://www.cnbc.com/2018/09/21/the-student-loan-bubble.html Good friggin' lord. $600,000 in student loans. Six hundred thousand real dollars. How?!?!?!
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Dec 7, 2018 20:15
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George H.W. oval office posted:Kill the dog and kill the baby. Walla! This thread: advocating guillotines like the French Revolution, but not being able to spell common French loanwords.
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Dec 7, 2018 20:39
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Omne posted:https://www.cnbc.com/2018/09/21/the-student-loan-bubble.html I feel like there's nothing quite as BWM as an expensive master's degree.
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Dec 7, 2018 20:42
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Omne posted:https://www.cnbc.com/2018/09/21/the-student-loan-bubble.html Educations are the new houses.
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Dec 7, 2018 20:49
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Omne posted:https://www.cnbc.com/2018/09/21/the-student-loan-bubble.html People who are really BWM use loans to pay for everything in college, don't pay the interest during that time, and it all adds up fast when you include housing, car costs, and required school stuff like expensive books. They were probably private, predatory loans so the interest rates were super high too. $600,000 is ridiculous though, especially for something other than a medical or law degree. Even then, that's incredibly high for those degrees.
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Dec 7, 2018 21:10
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The loans were originally $150,000 - which is still high, don't get me wrong, but not bafflingly unbelievable for two people. Then they spiraled to $600,000 with interest and fees while they haven't been able to pay them down.
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Dec 7, 2018 21:21
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Omne posted:https://www.cnbc.com/2018/09/21/the-student-loan-bubble.html That article says $350k total for 2 people, and homeboy drives a now paid off Toyota Tacoma, and owns a house. Cry me a loving river. $350k is absurd, but they are obviously able to save up that sweet sweet truck equity.
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Dec 7, 2018 21:25
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I was going to make a comment that the government shouldn't be giving out loans to people who attend colleges that have high default rates, but apparently we already do that. If the default rate for a school is 40% for more than one year, or above 30% for three years, then you can't get a federal loan to go to that school. Now here's the funny part from the article I found. https://www.ed.gov/news/press-releases/national-student-loan-cohort-default-rate-falls quote:Schools with high default rates may lose their eligibility to participate in federal student aid programs. This year, 12 schools are subject to sanctions, including one public, two private, and nine proprietary institutions. People are taking out student loans to go to Barber College!
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Dec 7, 2018 21:26
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