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lol at cross country skiing that's like trying to swim up a mountain
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Feb 21, 2019 00:27
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Hiking owns and snowshoeing owns. I'm not going to risk skiing because of an old knee injury. EAT FASTER!!!!!! posted:I've always kind of wanted to get into snowshoeing... Costco sells snowshoes for $130 I wonder how many times I'd have to go for this to be "worth it." Last time we rented, renting was in the $25 ish area, 5 years ago (Seattle). We ended up buying our own for around $130 from REI during an end of season sale. I've heard the Costco ones are crap. (and I'm a big Costco fan, don't get me wrong. PBUC)
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Feb 21, 2019 00:37
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From r/relationships Me [30F] with my parents [61F and 66M] - having trouble coming up with a realistic retirement plan with them quote:I'll start out with a bit of background on our family. I [30F] am an attorney earning well over $150K a year. My husband [32M] earns a similar amount with his (equally demanding) job, so we are able to live very comfortably. We currently have one child [2F] and will be looking to expand our family with one or two more children in the near future. I assume this is Zaurg’s daughter posting from the future to warn herself or something.
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Feb 21, 2019 00:42
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Xenocides posted:From r/relationships Possibly a dumb question, but like lovely credit scores, is there an upper age limit at which banks won't give you a mortgage? I mean, if they really have 25 years left on their mortgage the dad would be 91 when it's paid off, and there's a pretty decent chance he's not going to be around then.
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Feb 21, 2019 01:05
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Known Lecher posted:Possibly a dumb question, but like lovely credit scores, is there an upper age limit at which banks won't give you a mortgage? I mean, if they really have 25 years left on their mortgage the dad would be 91 when it's paid off, and there's a pretty decent chance he's not going to be around then. lol no. Like anybody you get a mortgage from actually holds it anymore. As long as the docs look good enough to sell off they will write it, take their piece and sell it off.
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Feb 21, 2019 01:20
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Xenocides posted:I assume this is Zaurg’s daughter posting from the future to warn herself or something. Zaurg doesn’t make that much money. Known Lecher posted:Possibly a dumb question, but like lovely credit scores, is there an upper age limit at which banks won't give you a mortgage? I mean, if they really have 25 years left on their mortgage the dad would be 91 when it's paid off, and there's a pretty decent chance he's not going to be around then. Mortgage lenders will surprise you; you wanna see some weird poo poo research this strange period in history called ten or so years ago.
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Feb 21, 2019 01:21
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Known Lecher posted:Possibly a dumb question, but like lovely credit scores, is there an upper age limit at which banks won't give you a mortgage? I mean, if they really have 25 years left on their mortgage the dad would be 91 when it's paid off, and there's a pretty decent chance he's not going to be around then. It's a debt with an asset attached, there is almost no risk in it. Oh no they might die and they won't get paid for a few months while the estate shakes out. Then the estate sells or refinances the house and the bank gets their cut of what's owed, complete with the compounded interest, and if they're really scumbags, late payment/attorney/etc fees. If there is any money left over the credit cards will get paid, and the vehicles will get repossessed. Then you have to hope little timmy was given a fixed sum in the trust (pretend for a moment there was a trust and this isn't probate) and the amount left in the estate is less than that amount. Little Timmy gets paid and the "equal share %s" get zilch.
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Feb 21, 2019 01:31
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Known Lecher posted:Possibly a dumb question, but like lovely credit scores, is there an upper age limit at which banks won't give you a mortgage? I mean, if they really have 25 years left on their mortgage the dad would be 91 when it's paid off, and there's a pretty decent chance he's not going to be around then.
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Feb 21, 2019 01:36
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Dik Hz posted:Well, the bank only cares if they're not upside-down after transaction costs. Which in a standard market is 4-5 years. So, no. I don't want to sound hostile here, but... where did you get this idea? And these numbers? Are you very familiar with loan underwriting or real estate?
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Feb 21, 2019 01:41
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Known Lecher posted:Possibly a dumb question, but like lovely credit scores, is there an upper age limit at which banks won't give you a mortgage? I mean, if they really have 25 years left on their mortgage the dad would be 91 when it's paid off, and there's a pretty decent chance he's not going to be around then. It's illegal to factor age in as a qualifier for a mortgage or to suggest a shorter term based on age. What would happen if I died tomorrow: Life insurance through work and policy my grandparents took out on me when I was young would pay out with my spouse as beneficiary. These aren't huge, but big enough combined to allow him to pay down the house to an amount owed that would be more than manageable on one income once refinanced into a new 15 or 30 year fixed rate loan. Or, in our market anyway, he could sell the house for enough to pay off the mortgage and fees with a bit extra, combine that with life insurance proceeds, and buy a small place outright in a smaller, lower COL city (which I think is what he would do). If we both died? House sold by the estate. Bank paid off. Anything left to the inheritors. Like we care. We're dead.
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Feb 21, 2019 02:48
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Richard Hammond goes on a E/N rant about horses that seems very apropos to this thread. https://www.youtube.com/watch?v=C-flg868deo
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Feb 21, 2019 06:23
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if it wasn't for my horse, I wouldn't have spent that year in college
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Feb 21, 2019 06:43
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If the BWM thread won't come to BFC, then BFC must come to the BWM thread: Co-signing for a coworker for $1,500 and plans to refinance. https://www.reddit.com/r/personalfinance/comments/aqxm6y/cosigning_for_a_coworker_for_1500_and_plans_to/ quote:Alright folks, here's the spiel; There's a gentleman at work (in his mid 40's or so) who just finished court proceedings finalizing bankruptcy. He had some outstanding medical bills in collections from when he was a youth, and not the most successful or wisest kid around. He now makes over $20 an hour, is never late to work, has never called in, is well liked by all, and plans to stay at the company for a career. To highlight the character of this individual he even runs a charity organization that provides low income families with Christmas presents for their children. I currently am in a pretty rough vehicle situation and need some advice to get out of it, anything helps! https://www.reddit.com/r/personalfinance/comments/asz6s4/i_currently_am_in_a_pretty_rough_vehicle/ quote:Hey guys, i’m in a bit of a predicament. I’m 18 years old and need a new vehicle. I currently drive a 1984 K10 that my parents got me when i was 16 from a family member, i drive it everyday and have to fill up 2, maybe 3 times a week. It’s about $27 filled all the way up and i have to spend anywhere from $275 - $320 a month on gas, it’s ridiculous! I pay for my own gas and maintenance (and i’m sure you can guess how much maintenance i have to do on a 36 year old truck). I make $9/hr and work 25-32 hours a week. I just don’t know where to turn. I don’t know if i should get my parents to co-sign on a loan, if i should just apply for a loan, or if i should just suck it up and run the drat thing till the wheels fall off. I would sell it but the trucks been in the family so long part of the deal me and my dad made when he got it for me was that i couldn’t sell it. Any advice would help. Thanks so much! How to fix my credit? https://www.reddit.com/r/personalfinance/comments/ashn1m/how_to_fix_my_credit/ quote:Hey everyone, my first post here so I’m sorry if I’m making a common post. I’m 22 years old and my credit score is in the 500’s. I have a few accounts in collections and two open credit lines, both maxed out. The only problem is that these aren’t my credit cards, my mom used my social to get credit in my name and now she isn’t paying them off and it’s making my credit score plummet. I’m not sure what to do about it. I don’t want to report her and maybe sent to prison? But I’m trying to move out and get a nicer car in the near future and it’ll be way simpler to do that with a good credit score. I’ve always held a job, currently working full time with the same employer for two years. I know how to handle my money but my mom screwed me over. Is there someway I can close these accounts?
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Feb 21, 2019 09:07
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GoGoGadgetChris posted:I don't want to sound hostile here, but... where did you get this idea? And these numbers? Are you very familiar with loan underwriting or real estate? Average duration on a 30yr Fixed product is right around 4-5 years. 2-3 on a 15yr Fixed.
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Feb 21, 2019 17:22
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https://old.reddit.com/r/relationships/comments/at5agj/my_29f_husband_31m_received_a_15000_inheritance/quote:We've been married for two years. About eight months ago, my husband's aunt died. Most of his family lives in Florida, so he flew from Chicago for the funeral. He ended up staying for about a week.
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Feb 21, 2019 18:39
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Bad With Marriage?
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Feb 21, 2019 18:47
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Fhqwhgads posted:Average duration on a 30yr Fixed product is right around 4-5 years. 2-3 on a 15yr Fixed. Source? I'm surprised to hear we're currently in line with or below the long term average if rates are rising and there are more buyers than sellers.
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Feb 21, 2019 19:00
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Droo posted:https://old.reddit.com/r/relationships/comments/at5agj/my_29f_husband_31m_received_a_15000_inheritance/ Deleted now, but while this is definitely BWMarriage if they live in a community property state then her bonus is likely "theirs" while his inheritance is likely "his." Technically correct is definitely the hill to die on, especially if he was grieving when he did all this.
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Feb 21, 2019 19:04
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He must've known it was lovely to blow a windfall, even if it was his, if he kept it secret. Especially if the wife is saying she's sad they spent all their money on renovations and can't take a vacation. How'd the wife not notice a $15,000 computer appearing in the house hold? You know that's gonna have some ostentatious red LEDs all over it
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Feb 21, 2019 19:14
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GoGoGadgetChris posted:He must've known it was lovely to blow a windfall, even if it was his, if he kept it secret. Especially if the wife is saying she's sad they spent all their money on renovations and can't take a vacation. Probably because it was a $1000 video card and $14k to streamers
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Feb 21, 2019 19:19
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GoGoGadgetChris posted:He must've known it was lovely to blow a windfall, even if it was his, if he kept it secret. Especially if the wife is saying she's sad they spent all their money on renovations and can't take a vacation. I doubt it. They're probably RGB.
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Feb 21, 2019 19:20
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GoGoGadgetChris posted:How'd the wife not notice a $15,000 computer appearing in the house hold? You know that's gonna have some ostentatious red LEDs all over it I wonder how high you can get with custom gaming laptops. Those are easier to hide.
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Feb 21, 2019 19:43
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that's so hosed up. he totally blew it on streamers/camgirls and tried to hide it from her.
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Feb 21, 2019 19:45
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GoGoGadgetChris posted:Source? I'm surprised to hear we're currently in line with or below the long term average if rates are rising and there are more buyers than sellers. There is no one definitive source. Geographic market affects prepay speeds, as does credit score, tax situations, loan purpose, etc. For an overall average, it's not too far off. Source: It's my job to price, hedge, package, and sell mortgages to the highest bidder.
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Feb 21, 2019 19:48
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Fhqwhgads posted:There is no one definitive source. Geographic market affects prepay speeds, as does credit score, tax situations, loan purpose, etc. For an overall average, it's not too far off. A few years back didn't it used to be around 7 years? I am wondering if this is a low created by the rate environment since 2009ish and we will see that start to rise as rates climb.
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Feb 21, 2019 19:52
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Fhqwhgads posted:There is no one definitive source. Geographic market affects prepay speeds, as does credit score, tax situations, loan purpose, etc. For an overall average, it's not too far off. You tease! If it's your profession you've got to have at least one tiny source. I'm curious because it is also my career and it is overwhelmingly evident that loans are being held longer since about 2012.
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Feb 21, 2019 20:00
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therobit posted:A few years back didn't it used to be around 7 years? I am wondering if this is a low created by the rate environment since 2009ish and we will see that start to rise as rates climb. A few years back the average was about 54 months. Higher with a lower credit score and lower with a higher credit score. I'm assuming what you're assuming, but the current stall in rate hikes has put a pin in that for now.
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Feb 21, 2019 20:00
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Do you break out for reason of closure? Refinance, Early Payoff w/o sale, Payoff within around original term date w/o sale, Payoff from sale for example? I imagine there are some big differences there, with people simply paying them off early being much lower than people moving or refinancing.
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Feb 21, 2019 20:38
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The stats are tracked but from a performance/pricing standpoint closure is closure. Whether it's a refi, early payment, or held to maturity doesn't matter as much to the prepayment models.
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Feb 21, 2019 20:57
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Barry posted:Probably because it was a $1000 video card and $14k to streamers Ok so I’m behind on my internet gaming loser culture. Are people blowing wads on female streamers that are basically camwhores holding a DualShock? Or people throwing money as kudos to random smash bros players?
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Feb 21, 2019 21:29
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howdoesishotweb posted:Ok so I’m behind on my internet gaming loser culture. Are people blowing wads on female streamers that are basically camwhores holding a DualShock? Or people throwing money as kudos to random smash bros players? Both, obviously.
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Feb 21, 2019 21:31
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howdoesishotweb posted:Ok so I’m behind on my internet gaming loser culture. Are people blowing wads on female streamers that are basically camwhores holding a DualShock? Or people throwing money as kudos to random smash bros players? Both. And there wasn't anything about camwhores in the OP so it's kind of a creepy projection IMHO He probably just built a dozen bitcoin rigs and hooked 'em up at work.
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Feb 21, 2019 21:32
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Also dropping cash so your hero streamer person will say your name live.
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Feb 21, 2019 21:32
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taqueso posted:Also dropping cash so your hero streamer person will say your name live. Normie Celebs are even catching on! https://www.cameo.com/ Kudos to anyone who can find a good BWM Story from Cameo
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Feb 21, 2019 21:34
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There's a guy I game with occasionally who claims to be some super-successful businessman. He shared a twitch clip where he dropped enough coin on a guy (during a "donation war") where the streamer was so blown away he actually started crying on camera. I'm pretty sure this guy is full of poo poo and is actually broke, but I have no way of knowing for sure.
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Feb 21, 2019 21:53
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what is the point of wealth if not to make people cry on camera
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Feb 21, 2019 21:54
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Enchanted Hat posted:
I love the "I'm planning to buy a house, and if I don't take this gigantic risk to get $1,500 now then I will have to wait months to move out!" Sorry son, but you aren't ready to buy a house anyway if $1,500 is make or break and you can't get that saved back up.
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Feb 21, 2019 21:59
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Nocheez posted:There's a guy I game with occasionally who claims to be some super-successful businessman. He shared a twitch clip where he dropped enough coin on a guy (during a "donation war") where the streamer was so blown away he actually started crying on camera. I think it was summit, he got like $30k in donations and was crying, then they were reversed because it was a stolen CC.
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Feb 21, 2019 22:12
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Non Serviam posted:BWM question : did people like Kissinger and Mattis lose money with Theranos? Board members probably didn’t make any real money. Their stock was fake stock that could someday become real stock. People like David Boies lost a lot of money because he took worthless shares in lieu of actual legal fees and expenses. Mattis gets poo poo on for being a board member, but as far as I can tell he was recruited for ‘prestige’ and didn’t do anything. The corporate board had no real power and were largely kept in the dark. Holmes patterned herself after Steve Jobs and they were eerily similar in how they both overpromised, lied, and abused others. But personal computers aren’t heavily regulated medical devices and Jobs had the Woz and other very smart people to back up his fanciful early claims. He also got really lucky when Apple bought NeXT since that failure was going to ruin him forever.
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Feb 21, 2019 22:37
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How can I get out of my car loan? (self.personalfinance) submitted an hour ago by yytraphson https://www.reddit.com/r/personalfinance/comments/at87vt/how_can_i_get_out_of_my_car_loan/ quote:Hi All, A story as old as auto financing.........
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Feb 21, 2019 22:51
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