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Boywhiz88 posted:Why the gently caress would you get a Variable Rate after 2008!?!?! I've never understood that! 2008 basically didn't happen in Canada
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Jun 20, 2023 18:05
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Pittsburgh Fentanyl Cloud posted:
jesu cristo
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Jun 20, 2023 18:34
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What the gently caress is hiding above that ceiling lol
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Jun 20, 2023 18:40
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The Oldest Man posted:What the gently caress is hiding above that ceiling lol Electric wiring, cat5 drops maybe, trash from the house flip that they were too lazy to take to the dump, several raccoons and squirrels, air duct work they home rolled with toilet paper tubes and aluminum foil, and a partridge in a pear tree.
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Jun 20, 2023 18:42
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Boywhiz88 posted:Why the gently caress would you get a Variable Rate after 2008!?!?! I've never understood that! the US is kind of unique in their 30-year fixed thing if i am led to believe correctly
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Jun 20, 2023 18:44
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Eight-Six posted:the US is kind of unique in their 30-year fixed thing if i am led to believe correctly yeah the rest of the world is basically a variable rate mortgage horror show.
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Jun 20, 2023 18:55
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The Oldest Man posted:What the gently caress is hiding above that ceiling lol thats where the dryer vents to
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Jun 20, 2023 19:07
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Boywhiz88 posted:Why the gently caress would you get a Variable Rate after 2008!?!?! I've never understood that! We were fortunate enough to buy last year, and at every step, the mortgage guy kept trying to sell us on a variable rate mortgage. So theres a lot of pressure on home buyers that may not be familiar with what went down in 2008.
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Jun 20, 2023 19:43
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in the area we may be moving to(west Detroit Metro) Im seeing homes not going anywhere over list by a lot in the 4-550k range which is good. however I wonder how many people did lock in low rates 2 years ago because going from 2-7% is not great but poo poo we have to do I dont mind being in a barely updated 70s-80s home. spent 6 in a 1920s home; however it has way more character. if we moved back to the triangle area of NC wed probably be looking at lot more which probably couldnt work with our incomes.
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Jun 20, 2023 19:47
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You could just gamble on interest rates remaining where they are today, and buy your rate down with cash up front on "points." We were going to buy down 6.4% to 5.62 with 2 points, but then got to 5.6% by taking a competing offer to the table and them matching with no points. Points "pay for themselves," in about 18 months per point, on average, at the median housing price of ~$600k. You're not going to be often told about them if the bank thinks rates are going to remain the same but it's FOMO for both sides of the table and a gamble.
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Jun 20, 2023 20:28
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I don't think rates will go down this calendar year, but I'd definitely be losing sleep over betting on a break-even of 18 months per point.
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Jun 20, 2023 20:38
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Points buying is basically cash up front the bank can just put on its balance sheet before selling off your lower rate loan to Bill's Morgantown Mortgage vs interest over 30 as your loan hot potatoes from one servicer to another, packaged again and again as assets on balance sheets. It's great for the first guy, a gamble for guys down the line and for the buyer. The break even can go from 12 months to 40, you're still eventually going to break even across a 30 year loan.* *Unless we return to near zero and you're dropping $12k on 2 points up front for 1% off a 7% rate, well then lol. Financialized Housing Product!
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Jun 20, 2023 22:48
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Crusty Nutsack posted:the cutesy bathroom word "art" is getting out of hand 
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Jun 20, 2023 22:49
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A Bad King posted:Points buying is basically cash up front the bank can just put on its balance sheet before selling off your lower rate loan to Bill's Morgantown Mortgage vs interest over 30 as your loan hot potatoes from one servicer to another, packaged again and again as assets on balance sheets. It's great for the first guy, a gamble for guys down the line and for the buyer. The break even can go from 12 months to 40, you're still eventually going to break even across a 30 year loan.* I love watching the worst people play hot potato with the economy a game no one playing ever really loses
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Jun 20, 2023 23:05
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The Fed will just put any bad debt on ITS balance sheet! There's no downside!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Jun 20, 2023 23:24
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hope you never have to work on that toilet
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Jun 20, 2023 23:40
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I love seeing these gray LVP floors everywhere because they look identical to the flooring we put in the family room when we rebuilt after a fire, where our instructions to the builder were literally "use the cheapest poo poo you can because that room is just storage."
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Jun 21, 2023 01:23
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Why use oak when you can use p e t r o l e u m.
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Jun 21, 2023 02:00
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theyre nice if you have kids and pets (theyre basically indestructible) but only the ugliest gray ones ever get used. The not ugly ones look just like any laminate.
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Jun 21, 2023 02:19
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Paradoxish posted:I love seeing these gray LVP floors everywhere because they look identical to the flooring we put in the family room when we rebuilt after a fire, where our instructions to the builder were literally "use the cheapest poo poo you can because that room is just storage." we had that poo poo in our first apartment together ~2011 in the kitchen. When we ran the oven long enough we could skate around on those planks after the glue melted.
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Jun 21, 2023 02:54
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A Bad King posted:Why use oak when you can use p e t r o l e u m. 100% fire would be a better look
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Jun 21, 2023 07:11
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Sounds like gray is the select color of the market. You cannot challenge the market. The number goes only up, a sea of gray number ever rising on the low cost of petroleum-based product and petroleum-based blood. More means better, for every petrol dollar spent. Buy and enjoy, think not and celebrate the odd summer air in late November. Be safe in the knowledge that petroleum saves you. Gray is good. Gray is the market, embracing your home and the homes of investment groups leasing their homes out of both a desire for more good and more dollar. Love is more money. Gray is love.
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Jun 21, 2023 14:05
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A Bad King posted:Sounds like gray is the select color of the market. You cannot challenge the market. The number goes only up, a sea of gray number ever rising on the low cost of petroleum-based product and petroleum-based blood. More means better, for every petrol dollar spent. Buy and enjoy, think not and celebrate the odd summer air in late November. Be safe in the knowledge that petroleum saves you. Gray is good. Gray is the market, embracing your home and the homes of investment groups leasing their homes out of both a desire for more good and more dollar. Love is more money. Gray is love. can I get this on a wooden board for my kitchen wall?
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Jun 21, 2023 14:24
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they not wrong - number good
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Jun 21, 2023 15:28
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Housing is for profit, not people
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Jun 21, 2023 15:39
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poemdexter posted:can I get this on a wooden board for my kitchen wall? Only in gray, and an alternating whimsical Corporate Flat font on each line that becomes a sentence celebrating the gray. Yet I doubt there is a market for more than perhaps 2,000 units, so it may be best to find a manufacturer in China that provides a quick drop ship. Life laugh and prey that they use the cheaper lead-based water soluble paint Menards doesn't bother testing for when we distribute it across the domestic market!
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Jun 21, 2023 17:00
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 lmao
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Jun 22, 2023 16:16
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Murderpodcast, episode 442: The landlord was a high school freshman
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Jun 22, 2023 16:36
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i die in Call of Duty and a teenager calls me a homophobic slur on the comms. It's my landlord
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Jun 22, 2023 16:38
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That kid's gonna grow up to be a monster. Never even had a chance.
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Jun 22, 2023 16:43
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I'm gonna give the kid the benefit of the doubt here and assume the parents are using him to dodge taxes somehow.
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Jun 22, 2023 16:46
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Gotta have that house investor grindset, kid https://www.instagram.com/reel/Crd0CwhNNkd/?igshid=MzRlODBiNWFlZA==
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Jun 22, 2023 17:15
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sleep with the vicious posted:Gotta have that house investor grindset, kid Love that our society rewards the absolute worst people with the absolute most material assets
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Jun 22, 2023 17:21
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training my son to start stealing from the less fortunate early
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Jun 22, 2023 17:23
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Pittsburgh Fentanyl Cloud posted:training my son to start stealing from the less fortunate early you know not being a landlord is an option that you have available to you
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Jun 22, 2023 17:37
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Pittsburgh Fentanyl Cloud posted:I'm gonna give the kid the benefit of the doubt here and assume the parents are using him to dodge taxes somehow. I was pretty sure you had to be 18 before anyone would let you sign a contract like that, but that's my small, not-investor brain talking.
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Jun 22, 2023 19:14
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Failson posted:I was pretty sure you had to be 18 before anyone would let you sign a contract like that, but that's my small, not-investor brain talking. this isnt very innoventive of you
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Jun 22, 2023 19:22
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i should have gone to school to be a landlord
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Jun 22, 2023 23:16
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if everyone becomes a landlord then we've solved poverty
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Jun 23, 2023 01:28
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Paradoxish posted:if everyone becomes a landlord then we've solved poverty This was part of Bushs ownership society. That ended pretty well.
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Jun 23, 2023 01:47
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