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lmao who the gently caress buys a house on stock-based comp
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Jun 22, 2022 05:37
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Bastard Tetris posted:lmao who the gently caress buys a house on stock-based comp leveraging a loan against those assets is basically how all turbo rich people create cash why take money out and pay taxes when you can take a practically free loan against assets that will accumulate more money than the interest payment is worth?? this was basically the single smartest thing to do with low interest rates. thats gone now though lol its still hella smart if you're turbo rich though and can get a dece loan. saves you from paying extra taxes.
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Jun 22, 2022 05:39
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anime was right posted:leveraging a loan against those assets is basically how all turbo rich people create cash Those aren't assets they're leveraging - its future income paid out as stock. Which means if the stock price goes down you take an automatic pay cut of that %, instantaneously. Now use this future income as the basis for a maxed out mortgage and a funny thing occurs
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Jun 22, 2022 05:42
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anime was right posted:leveraging a loan against those assets is basically how all turbo rich people create cash A few folks I know managed to use private banking to get tiny rear end collateralized mortgages, not really sure how that will play out but lol, probably a lot less safe than my 2.375% mortgage
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Jun 22, 2022 05:43
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Trying to buy a house in Seattle, might actually succeed because a seller made an interesting decision. They placed an offer on a new house before selling their old one. They will lose their earnest money unless they get a buyer by their stated offer date+3 days, willing to waive inspection (house is only 5 years old and they had a pretty good seller inspection), and willing to commit to a 21 day closing. I guess this kind of nonsense made sense a few months ago. Tonight was the offer date and they had no offers.
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Jun 22, 2022 08:08
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I did something similar but didn’t write it into the goddamn offer lmao, I just said I’d rent the place at market rate to hit the income qualifications. You have to gently caress up real bad to lose earnest money.
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Jun 22, 2022 08:13
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I don't know how it works when you're also selling the house but it seems like they can't get the down payment for the new house without selling this one or whatever.
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Jun 22, 2022 08:21
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Oh yeah they’re hosed
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Jun 22, 2022 16:30
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Schmeichy posted:Get a minivan and trick it out, rvs are for suckers don’t Van Life’d minivans get absolute poo poo mpg because of the added weight
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Jun 22, 2022 16:38
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Bastard Tetris posted:You have to gently caress up real bad to lose earnest money. they were giving it away in Jan / Feb / Mar. unrefundable for any reason earnest money that is a gift to the seller if the buyer backs out for any reason.
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Jun 22, 2022 16:38
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30.5 Days posted:I don't know how it works when you're also selling the house but it seems like they can't get the down payment for the new house without selling this one or whatever. Generally if you’re selling and buying like that you’d make a contingent offer where your buyers contract is only valid if you can get under contract on the home you’re selling within a certain period. If you can’t sell your place the contract voids and you don’t lose your earnest money. But with the market being what it is contingent offers are frowned upon by sellers so they may have just taken a chance and it’s backfiring.
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Jun 22, 2022 17:47
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it’s just like the last two or three weeks that any seller would even entertain a contingent offer here.
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Jun 22, 2022 17:50
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wolfs posted:don’t Van Life’d minivans get absolute poo poo mpg because of the added weight So do rvs
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Jun 22, 2022 17:52
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30.5 Days posted:Trying to buy a house in Seattle, might actually succeed because a seller made an interesting decision. They placed an offer on a new house before selling their old one. They will lose their earnest money unless they get a buyer by their stated offer date+3 days, willing to waive inspection (house is only 5 years old and they had a pretty good seller inspection), and willing to commit to a 21 day closing. I guess this kind of nonsense made sense a few months ago. how much it gonna cost?
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Jun 22, 2022 18:23
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Bar Ran Dun posted:it’s just like the last two or three weeks that any seller would even entertain a contingent offer here. You can definitely see the market shifting where I live too. Stuff that would have been off the market in days a couple months ago is sitting there and the really weird/old/fixer poo poo is starting to get significant price adjustments (normal looking stuff seems to still be moving at the same prices as last year though). Somebody a couple blocks from my current location just listed a two bedroom, one bathroom serious fixer for $650k lmao no way buddy you missed that window I’ll say though I’m kind of pissed it’s cooling now. My rear end in a top hat landlord gave me a 90 day notice in early April (I guess a little more because it was officially dated May 1 but you know) so she could convert the duplex to air bnb and I had been planning to buy once the market cooled so she kind of upended my timeline and made me go through all the hassle of buying this spring and then my options if I’d waited a couple months were way better. I guess I got in before the interest rates went way up tho so I did alright but what a miserable process the whole thing is HashtagGirlboss has issued a correction as of 18:40 on Jun 22, 2022 |
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Jun 22, 2022 18:30
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https://www.justice.gov/opa/pr/justice-department-secures-groundbreaking-settlement-agreement-meta-platforms-formerly-known Meta enabled and encouraged advertisers to target their housing ads by relying on race, color, religion, sex, disability, familial status and national origin to decide which Facebook users will be eligible and ineligible to receive housing ads. Meta must pay to the United States a civil penalty of $115,054, the maximum penalty available under the Fair Housing Act.
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Jun 22, 2022 18:51
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HashtagGirlboss posted:I’ll say though I’m kind of pissed it’s cooling now. this is the problem I was in lease and in September. had to choose to renew in august. rates are rising, prices starting to loosen but lol any gains there are much smaller than rate increases. it is still cheaper to buy than continue to rent lmao.
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Jun 22, 2022 19:08
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Bar Ran Dun posted:this is the problem I was in lease and in September. had to choose to renew in august. rates are rising, prices starting to loosen but lol any gains there are much smaller than rate increases. Yeah. Same situation. Plus city of Portland caps rent increases at 10% year over year so last three places I’ve rented after a couple years I’m under market and landlord gives me a 90 day so they can relet for $1000/month more. I feel like the no cause eviction ban has so many loopholes it’s not even real, they just tell you they’re doing significant remodels and they don’t actually follow through. I’m gonna be glad not dealing with that poo poo anymore even if I’m pissed somebody else dictated my timeframe
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Jun 22, 2022 19:14
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The Oldest Man posted:Those aren't assets they're leveraging - its future income paid out as stock. This is what Gordon gecko talked about in his speech in Wall Street 2 but I was the only one who watched that movie (still holds up today 12 years later!)
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Jun 22, 2022 19:32
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Fozzy The Bear posted:Meta must pay to the United States a civil penalty of $115,054, the maximum penalty available under the Fair Housing Act.
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Jun 22, 2022 20:23
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housing is listed at constant or less than it was, but rates are so much higher that’s it’s basically just as expensive if not more so
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Jun 22, 2022 20:27
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Ornery and Hornery posted:housing is listed at constant or less than it was, but rates are so much higher that’s it’s basically just as expensive if not more so in my area of northern california its merely price stabilization and slightly longer list times. they're still selling and for asking but its not an 3 day turnover anymore.
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Jun 22, 2022 22:58
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Today we learned more- they are tech people who used flyhomes because it's tech. They are already living in their new house and they need their money fast or flyhomes is going to start charging them late fees out the rear end. We got $25k off the asking and they're paying $10k for the sewage capacity charge.
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Jun 22, 2022 23:18
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30.5 Days posted:Today we learned more- they are tech people who used flyhomes because it's tech. They are already living in their new house and they need their money fast or flyhomes is going to start charging them late fees out the rear end. We got $25k off the asking and they're paying $10k for the sewage capacity charge. lol I didn’t know what that was https://www.forbes.com/sites/margheritabeale/2021/06/10/real-estate-startup-flyhomes-valued-at-800-million-after-new-funding-round posted:The Seattle-based company is capitalizing on a pandemic-fueled home-buying frenzy that has made cash offers a critical strategy for winning bidding wars in overheated markets like San Francisco and Seattle, and increased its transaction volume by 240% since last May.
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Jun 22, 2022 23:28
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lmao no wonder, they asked us to release the earnest money early, they're using it to pay their july rent
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Jun 22, 2022 23:35
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Thank u Mr Garg
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Jun 23, 2022 00:21
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I listed my house for sale today and have zero clue what it will sell for. Maybe 50% over what I paid, maybe 5%! Who knows because the market is completely insane and everything is priced arbitrarily. Totally not a stressful situation. Guess I’ll find out by tomorrow/Friday if it’s listed overpriced or not! mawarannahr posted:lol I didn’t know what that was This is literally just the terms of most large corporations (Amazon, WM, Capital One, etc.) relocation/home purchase policies for employees but offered to the public. Probably uses some of the same providers/broker networks so it’s almost zero effort for the company. Saltpowered has issued a correction as of 01:19 on Jun 23, 2022 |
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Jun 23, 2022 01:15
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smiling coyly after drumming up $10k in late fees "Thanks, I like to play"
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Jun 23, 2022 01:16
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Tushar Garg, the sound i imagine a ceo's head makes right after the guillotine blade drops
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Jun 23, 2022 01:22
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I just got a house for $4000 idk what you Povertoids are complaining about
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Jun 23, 2022 22:50
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lol moving to colorado and my rent is going from 1500 to 2100 whoops
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Jun 23, 2022 22:59
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A Bakers Cousin posted:lol moving to colorado and my rent is going from 1500 to 2100 whoops 2100 for now
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Jun 24, 2022 00:47
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Zero showing requests so far for this weekend. Priced under comparable recent sales and most other things on the market. More footage, acreage, upgrades, etc. In a super hot market up until this week. My realtor tells me she has almost no showings on any property this weekend. Very cool. Gonna drop price by 5-10% on Monday because this is probably gonna get worse.
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Jun 24, 2022 15:34
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Lawlicaust posted:Zero showing requests so far for this weekend. Priced under comparable recent sales and most other things on the market. More footage, acreage, upgrades, etc. In a super hot market up until this week. what market?
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Jun 24, 2022 15:35
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Ornery and Hornery posted:what market? Tampa.
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Jun 24, 2022 15:36
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Lawlicaust posted:Zero showing requests so far for this weekend. Priced under comparable recent sales and most other things on the market. More footage, acreage, upgrades, etc. In a super hot market up until this week. In the same boat! Tacoma market. Couldn't have known that we *should* have sold three months ago when identical properties to ours were going for 110% or more. Argh. Price drop yesterday got a lot of views, fingers crossed for some action this week.
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Jun 26, 2022 22:59
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love to spent 4500/month to RENT a home that is in a completely car-dependent area where you don't even have sidewalks (notice picture lol) https://www.startribune.com/upscale-rental-homes-catch-on-in-twin-cities-metro-area/600185458/
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Jun 27, 2022 02:26
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Crusty Nutsack posted:my landlord finally set up online payments and of course it'll cost me $2.95 for the pleasure of paying them through it lmao Before they switched over to a new system there was a "convenience fee" when paying for utilities. Lmfao
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Jun 27, 2022 02:30
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AnimeIsTrash posted:Before they switched over to a new system there was a "convenience fee" when paying for utilities. Lmfao oh god that phrase is making me tense Paying rent was drat near the only reason we kept a checkbook, loving parasites god forbid they eat the processing fee
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Jun 27, 2022 02:39
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actionjackson posted:love to spent 4500/month to RENT a home that is in a completely car-dependent area where you don't even have sidewalks (notice picture lol) every single thing about this is hellish
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Jun 27, 2022 02:45
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