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Krispy Kareem posted:There was a guy doing this in 2008 (well, a lot of guys - but this one was profiled in the media). He had like 6 houses in different states, all bought using equity from previous homes. The moment home values went south the whole scheme fell apart. Since he lied on several of the mortgage applications, he couldn't even discharge them in bankruptcy. That would be Casey Serin (https://en.wikipedia.org/wiki/Casey_Serin) of IAmFacingForeclosure.com fame. These Aussies are literally Casey x3.
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Sep 19, 2015 19:25
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Not all cruise ships have real poker in the casino, and even on those that do you will be unable to find enough action to make real money.
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Sep 20, 2015 21:31
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NancyPants posted:did practically every VW owner go from having a fun car to a piece of poo poo that they're going to hate and can't resell? It's called "getting the full Volkswagen experience."
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Sep 29, 2015 23:06
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Pickups have been popular here forever, but the $60K luxotruck is definitely a new beast. I keep waiting for one of the manufacturers to find the market top in this segment and am shocked at how well they do every time they blow through another price barrier. At this rate, the $100K 2021 Platinum Deluxe F150 Brougham appears to be headed for reality.
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Dec 8, 2015 18:54
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Renegret posted:Anyone mind explaining what's actually going on? He's engaged in a form of investing that is little more than legal internet roulette. The Casino (aka his broker) is no longer offering him the most favourable terms for his bets and he's pissed about it. Apparently his broker offers zero spreads to new account holders. They can bet that XYZ stock will end the day above or below a threshold of $X. If you pick the right direction, you win $85 on a $100 bet. He is no longer being offered zero spread. If he wants to bet on XYZ stock, he has to pick above $X+Z or below $X-Z. If the sock finishes between $X+Z and $X-Z he loses no matter which direction he picked.
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Jan 5, 2016 05:11
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pr0zac posted:Is the change (your value Z) implying that his bet must be some amount greater or less than the current value of the market? It's important to realize in this situation that the casino gets to pick the values of both X and Z. And by doing so strategically they can make it arbitrarily hard for him to win the bet. So in the zero spread scenario, there is a 100% chance that the bet is winnable (you just have to pick the right direction). Once spread enters the picture there is a <100% chance one side or the other wins and a >0% chance the house wins no matter which direction you bet. SlapActionJackson fucked around with this message at 19:11 on Jan 5, 2016 |
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Jan 5, 2016 19:05
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Exactly what it sounds like. A refinance where the new loan balance > the old loan balance and you walk out of the closing with a check for the difference.
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Jan 8, 2016 06:20
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Phone posted:I still maintain that if you're complaining about taxes, you're not nearly as rich as you think you are. This is every bit as stupid as "If you have to ask, you can't afford it."
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Jan 16, 2016 02:53
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antiga posted:He got into big negatives because he failed to adequately set safeguards (such as automatically exiting the position after some predetermined loss). The stock gapped overnight. Having a stop-loss order in place would have left him in exactly the same position.
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Jan 22, 2016 17:33
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zaurg posted:done Post the decree or GTFO
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Apr 28, 2016 16:54
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SixNineSoFine posted:Re: Tesla and tax fraud chat Eh, the IRS rules concerning timeliness of withholding for W2 income are quite generous. Basically as long as you get sqaure by Dec 31 and don't owe under-withholding penalties for the year they don't care how uneven the actual withholding was. I used to do something similar back when bank accounts paid real interest and deferring most of my withholding until Nov/Dec netted me a few hundred dollars a year.
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May 16, 2016 03:07
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MrKatharsis posted:AAA is BWM since you can get a tow add on to your car insurance for like $10. Auto insurance tow coverage charges per car and only covers your specific cars. AAA is both cheaper for 3+ cars, and they will also tow any vehicle you're willing to stand beside and wait for the truck. Wickerman posted:
And now you understand why Prop 13 got passed in the first place.
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Sep 8, 2016 20:09
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Sundae posted:Yep! I'm in Burlingame too. I'm excited for the rent control ordinance because my wife and I are filthy renting proles. Ah, so you're in favor of prop 13 after all, you're just annoyed that the windfall went to someone else.
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Sep 8, 2016 22:35
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Factor Mystic posted:This plan could work, if the boarder had gotten a horse from someone else to give to the person who wanted to withdraw. It's only a problem if everyone needs to withdraw all their horses at once. But it's better to just leave your horse in the market and let the boarder take care of it. Fractional reserve horse.
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Oct 8, 2016 19:58
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BarbarianElephant posted:Yes, Malthus, the poors keep breeding. You ever thought of what would happen to society if only the middle classes had kids? We'd finally have the solution to generational poverty?
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Dec 8, 2016 18:02
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Dwight Eisenhower posted:If social security taxed income past $125k it'd be pretty hard for it to go insolvent. If social security means tested benefits it'd be pretty hard for it to go insolvent. That it still doesn't is pretty mind boggling.
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Dec 22, 2016 18:22
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Nail Rat posted:What the gently caress would you even DO with a 9,000 square foot house as a first house? That's got to be a typo or he's confusing lot size with building size. Even in our gloriously cheap exurban wastelands, housing isn't *that* cheap.
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Jan 5, 2017 17:28
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therobit posted:Have Tesla's sticker prices gone down? I have never seen an invoice for one at less than 95k. I guess it must be the options. Base P60 starts at $68K. It's the loaded P90Ds that are $100k or close to it.
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Jan 13, 2017 08:07
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AA is for Quitters posted:https://www.reddit.com/r/personalfinance/comments/5w4x3y/im_30_and_have_1825k_in_student_loans_totaling/ You missed the best part. She gave up a .25% rate reduction so she could implement her own weekly payment plan. To save money on compounding interest.
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Feb 26, 2017 20:44
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BWM: Not understanding how your withholding can differ from your actual tax liability.
SlapActionJackson fucked around with this message at 19:56 on Mar 16, 2017 |
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Mar 16, 2017 19:53
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EAT FASTER!!!!!! posted:Except you roof out of being able to deduct student loan interest at like 150k AGI 160k for MFJ. 80k for singles. And the phaseout starts at 65k/130k. The student loan interest deduction is pretty limited in practice.
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Mar 21, 2017 15:51
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Renegret posted:Unless it's for boarding their own god drat planes jesus christ southwest get your act together Southwest has the fastest plane turnaround in the industry. Cattle call boarding is not going anywhere.
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Mar 27, 2017 23:15
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curufinor posted:this but unironically Why do you hate poor people? cowofwar posted:Wtf is a quitclaim? https://en.wikipedia.org/wiki/Quitclaim_deed
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Apr 6, 2017 16:32
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curufinor posted:You think that getting 5% down or 0% down mortgages makes people less poor or is in any way a good decision? How else are they going to get on the property ladder?
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Apr 6, 2017 17:11
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quote:I received a box from a company recently, which allows you to try clothes on before deciding what you want to keep and then return what you don't want to buy. So Columbia House finally moved on from CDs, I see.
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Apr 6, 2017 19:04
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