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Business, Finance, and Careers › Bad With Money 2.0: I don't want a house anymore in stupid Toronto
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May 8, 2017 04:43
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monster on a stick posted:Why buy a horse when you can buy a train car and have it towed around the state? The best part about the comments is that someone dug up Amtrak's price sheet if you want to attach your own private rail car to an Amtrak train. There's a fairly hefty minimum charge, but at under $3/mile it's not as expensive as I would have imagined.
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Jun 28, 2017 01:54
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OctaviusBeaver posted:Couple buys a car, then has a "personal and financial crisis" that they solve by abandoning the car at the airport and leaving the country. They called the dealership on their way and told them where to pick it up, assuming that would solve everything and they wouldn't owe any more money. This one is just incredible and the OP only kind of touches on the madness. OP gets in over their heads on their car loan and decide to surrender the vehicle. Only instead of taking it to the dealer and dropping off the keys, they drive it 4 states away to NYC, call the creditor, and say "your car is in airport parking at JFK Airport, come pick it up  " and just assume that they've somehow successfully washed their hands of the whole process.Meanwhile, the creditor apparently never comes to pick up the car, because why the gently caress would they when it's 700 miles away in a paid lot. So after some unknown period of time racking up probably $30-50/day in parking fees, it gets towed and impounded by the NYPD, racking up additional storage, towing, and abandoned-vehicle fees. Fast forward to the present day, a year and a half later and OP still hasn't done poo poo to resolve the situation other than assuming that a vague "repossession" note on their credit report means that everything has been magically sorted out. NYPD has finally mailed him a notice that they're imminently about to auction the car off unless he can pay the entire sum he owes them (from other posters, likely to be into five figures at this point). And since it's a car with a busted-rear end transmission it's probably not even going to get very much at auction. So to summarize, in early 2016, at the start of his odyssey, OP owed: 1. Some unknown amount of money to the dealership for a 2015 Nissan. (I should emphasize here that it's not even clear he was behind on payments or otherwise in financial trouble, the only thing OP mentions is anger over having the transmission crap out twice. It's possible he may have just been pissed been the car was a bit of a lemon and thought that he could just "give it back" to the dealer and be done with it.) At the present time, OP owes: 1. Some unknown amount of money to the dealership for a 2015 Nissan. 2. Late fees/penalties/interest for a year-plus of not making payments on the above. 3. $$$ in daily parking fees to the JFK Airport parking authority after he dumped his car there 4. $$$$$ in daily storage fees to the NYPD after they finally impounded his car from the airport 5. Fines/fees from the NYPD for OP's abandoned vehicle and towing thereof His car is about to be auctioned by the NYPD, which will probably not even cover his fees to them, leaving him on the hook for 1. The remaining balance of what he owes to the NYPD 2. The balance + possible late fees for the time it was parked at the airport 3. The entire amount of money he still owes on the loan to the dealer + late fees/penalties/interest, because thanks to OP's brilliance, at this point there's not even going to be a car for the dealer to repossess. This doesn't even get into the insanity of the 9-hour roundtrip commute for a $12/hr job, which is some AAA++++++++ WOULD READ AGAIN level BWM all by itself.
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Jun 30, 2017 03:41
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Buttcoiners are the gift that keeps on giving.https://www.reddit.com/r/legaladvice/comments/6vgand/uk_a_technician_from_microsoft_live_support/ posted:[UK] A technician from Microsoft live support accessed my crypto currency funds and took all my savings/money 30,000 USD. Are these steps correct? (self.legaladvice) quote:lmao that's not an affiliate, it's not even the real Microsoft logo and the entire page is written in broken English.
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Aug 24, 2017 02:09
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Yeah, earnest money is not unusual in the context of signing a contract to buy a house, at least in my experience. This part thoughquote:Today, I received an email stating that one of the next steps would be to deposit 1.7% of the total buying price ( roughly 10k €) in one of the agencies accounts as a sign that we are serious about buying. If we decided not to buy later on, we'd be reimbursed by the same amount. Makes it sound like they're way short of that point, and possibly they want this deposit to even just physically look at the house? That just feels scammy to me. Normally earnest money doesn't get handed back unless the contract falls through due to something going wrong on the seller's end. (Last time I sold my house I had a signed contract with earnest money and the buyer decided to bail out for ~*reasons*~, so I actually got to keep the earnest money, and then sold it to a different person a week later anyway.  )
Porfiriato fucked around with this message at 02:18 on Oct 13, 2017 |
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Oct 13, 2017 02:15
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“Sure, I could pull my chips off the table now, but what if the roulette wheel hits red six more times in a row? Imagine missing out on that delta.”
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Oct 28, 2017 01:19
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Here, have some buttcoin BWM: https://www.wired.com/story/i-forgot-my-pin-an-epic-tale-of-losing-dollar30000-in-bitcoin/ In which a moron who really, really should know better, being an editor at Wired and all, loads all of his bitcoin onto a hardware wallet and then stuffs the sheet of paper containing the only copy of his 24-word password under his daughter's pillow (where it is promptly thrown away), and it also contains the only copy of his backup PIN, which he then promptly forgets, leading to hilarity as each incorrect guess on the hardware device doubles the amount of waiting time before he can guess again, to the point that after a few more wrong guesses he would be dead before he could make another one. Whew. He pays some hacker (in bitcoin, of course) to show him how to do an exploit and recover his password and gets it back in the end
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Nov 2, 2017 13:51
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I like the undertone in her post of “I’m the responsible adult here, he’s the out of control idiot.”  She’s good with money relative to him in the way that a dumpster fire is good relative to a raging tire fire.
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Nov 7, 2017 05:22
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legendof posted:My mom's financial life is a wreck: impending foreclosure and car repossession, multiple payday loans, etc and she asked me for help, any suggestions? Running the numbers and assuming a ~4.5% interest rate on a 30-year note, her monthly mortgage payment is probably around $350-400 a month. They make ~$70K combined and they're going to lose their home because they can't find enough cash each month to cover a mortgage that is less than their car payment, and less even than some of the particularly idiotic cellphone bills we've seen in this thread. I mean, if they can't even make that, how the hell are they going to afford rent? Even in Shitsville, Midwest, USA you're not going to find much in that price range that doesn't include the words "leaky" and "trailer". If there wasn't a kid involved (  ) I'd say let them get foreclosed on and live in their stupid minivan.
Porfiriato fucked around with this message at 06:02 on Nov 19, 2017 |
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Nov 19, 2017 05:59
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Sundae posted:Actual Content... Ex’s brother + “in and out of psych wards” + “Bitcoin  business account” + conducting transactions solely by verbal agreements and Facebook messages + somehow losing his entire stake during the biggest Bitcoin bubble yet =  Oh man, that’s the good stuff there.
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Nov 20, 2017 05:26
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I mean, the $100/month on the two cats is not really that BWM compared to the bigger BWM picture of $500/month on food for two people who still "haven't had money for groceries for almost 3 weeks" and the ~$300/month combined on cell phones/internet/cable. There's a lot non-cat-related fat that could be trimmed in there if there situation is really that dire. Also, his gross is 60K but he's only taking home ~35K? Does CT have ridiculous state taxes or something, because otherwise that seems really really high.
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Nov 27, 2017 14:27
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I mean, even if we assume this is the very first month of their lease, at the end of it they'll have spent at minimum $20K+ to lease a loving minivan. You could buy a pretty decent used one outright for that price and still have enough left for several trips to exciting Syracuse.
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Nov 29, 2017 03:07
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I'm the blue dots over the eyes to protect the horse's right to privacy.
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Dec 25, 2017 10:41
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Ashcans posted:Speaking of funkopops: I enjoy the LENGTHY list of exceptions where the spending limit doesn’t apply, including stuff like cons where a hoarder of lovely pop culture merch is obviously going to go hog wild. It reminds me of the Blue Story thread. “Well, you see, we blew through 3x our monthly budget for Star Wars merch in the first six days of the month (again) because of XXXX which was a special circumstance so it doesn’t count” Edit: I just noticed that sales of “WWE figures” can be used to supplement the Funko Pop fund 
Porfiriato fucked around with this message at 23:49 on Jan 18, 2018 |
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Jan 18, 2018 23:44
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Yes, but cigarettes only destroy your body, funko pops destroy your soul.
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Jan 18, 2018 23:53
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The best part was that he flat out lied to the thread about his actual financial status for months (IIRC he proudly posted about coming in like $6 under his budget for January) before dropping the bomb that well, actually, he’s been quietly financing thousands of dollars in buttcoin via high-interest credit cards while literally telling his preschool age daughter that she couldn’t have $3 pizza at school once per week because money was too tight and daddy was on a budget.
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Feb 3, 2018 04:55
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Yeah, maybe I should have put “best” in scare quotes like that. It’s frustrating because he seems to realize buttcoin was a dumb move in a vacuum but can’t extrapolate that how it’s real-world affecting his family.
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Feb 3, 2018 05:13
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This was posted in another thread but I feel like it belongs here.nerd plus rage posted:
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Feb 10, 2018 13:27
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holy poo poo
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Motronic posted:Ex Wife Didn’t File Taxes For Last 3 Years, Now I Owe The IRS Over $100,000 Wow, Drew Curtis has really fallen on some hard times.
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Feb 12, 2018 00:51
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On second thought, nah.
Porfiriato fucked around with this message at 03:28 on Feb 13, 2018 |
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Feb 13, 2018 02:13
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Panfilo posted:Wouldn't insurance cover something like a home invasion/robbery situation? Yeah, also the home invasion somehow left them “without a vehicle” which means either they didn’t have car insurance (BWM/BWL/probably Bad With Law in CA) or they didn’t want to report the theft for some reason.
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Feb 13, 2018 02:21
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Subjunctive posted:You veered pretty far, in case you were wondering. Yeah I know. I feel kinda bad suggesting it, so it’s not a hill I’m going to die on to defend.
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Feb 13, 2018 02:23
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Droo posted:Homeowner's insurance wouldn't cover a stolen car, the comprehensive policy on the automobile would. A lot of people (including me) don't bother to carry collision/comprehensive car insurance. Please don't steal my car. Not carrying collision/comprehensive insurance when you can’t afford to replace your car if it’s stolen or damaged in an accident that’s your fault is extremely BWM. As this guy might have learned (and hopefully you won’t).
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Feb 13, 2018 02:36
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Bob: I looked into it more deeply and I found that apparently what happened is that he was laid off five years ago and no one ever told him about it; but through some kind of glitch in the payroll department, he still gets a paycheck. Bob: So we just went ahead and fixed the glitch.
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Feb 22, 2018 06:20
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Krispy Wafer posted:So did he have to bet that all three would win in order to even get that meager payout? So the sports book was paying 1:100 if UVA won but only 25:1 for a UMBC victory. Pretty GWM on their part.
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Mar 17, 2018 23:17
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Apr 30, 2018 09:34
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The New York Times has a long article on how student loans are trashing the younger generation's dreams for home ownership. Most of it is fairly reasonable, but even their example cases are pretty BWM: https://www.nytimes.com/2018/05/25/business/how-student-debt-can-ruin-home-buying-dreams.html quote:Adrienne Naylor turned 34 this month. She has a stable job at a university in Cambridge, Mass., where she lives. She has a girlfriend she loves. But she does not feel like she is getting any closer to buying a home. Med-school level loan debt from pursuing the dream of a master's in history. I mean, even if she found a career in her field, she'd never be able to pay that off on archivist's salary. (I also like the hazy handwaving on exactly how long it took her to get her degree, aside from the fact that it took multiple colleges.) quote:The delay feels like it could be more open-ended for Matthew McCabe, who is staring down age 40 and long odds on ever owning property. He has paid about $25,000 back to the government for his student loans, yet he still owes $86,000 for the Ph.D. in music composition that he received in 2010. On the plus side, this guy earns $55K/year and it seems like if he buckled down and budgeted hard for a few years he could probably knock out a decent chunk of that and build up some savings for a down payment on an affordable home, especially since he lives in a small city in Georgia.
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May 26, 2018 12:45
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quote:What did they say when you discussed the changes made to your contract? quote:I announced I printed my own contract with my terms in reference to the employment and handed it over to the acting body and asked them to go over it, to which she said it wasn't necessary. I hate to call fake, but in this guy's version of events I find it very hard to believe that he could walk in and say, "here's the employment contract, I made a few changes" and the employer would be like "yeah fine whatever" *boss makes jerking off motion*
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Jun 6, 2018 15:11
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Phanatic posted:Nah, card counting at blackjack can have a positive EV depending on the ruleset, but: Yeah, John Smith is actually right in this case. It's possible to win consistently, in the long term, with perfect play at some casino games under some rule sets, mainly blackjack with card counting coupled with favorable rules for the player. A really good game with perfect play only has a house edge of 0.5-0.7%, and then you count cards and dramatically ramp up your bets when the composition of the deck swings in your favor (more 10s/aces left so more likely for you to get 20 or a blackjack). The trouble is that's quite obvious what you're doing when you plod along betting the minimum for half an hour and then suddenly go "I FEEL LUCKY BABY WOOOO!" and slap down a bunch of $100 chips. And even then the EV might only be a few percentage points in your favor, so a lot of the time you're still going to lose the hand anyway, meaning you need a large bankroll to be able withstand those swings. And then you get kicked out and blacklisted by the casinos anyway. It's basically GWM with a high chance of being BWM if you get caught before you've won (or on a downswing) or aren't playing absolutely perfectly 100% of the time (because even a couple of incorrect plays per hour can wipe out your entire theoretical advantage and then some). If I recall a lot of the time when video poker is positive it's because there's a progressive jackpot or something where the top payout is big enough that it's positive EV overall, again, in the long term, but video poker perfect strategy also has some really weird counter-intuitive moves sometimes.
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Jun 7, 2018 03:15
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John Smith posted:You are not supposed to solo. You go in with a team, and signal when it is time for your partner to place the mega bet. Well yeah, team play is the next level...you get a bunch of people grinding out minimum bets and signaling a big bettor who wanders the floor placing bets at the hot tables. You’re not too far off on the second part. The courts in New Jersey actually forbid casinos from ejecting card counters. You could probably bring your own pen and paper and books to the table (laptop might questionable)...but as a direct result of the court decision, the casinos made the rules in Atlantic City so garbage that it’s nearly impossible to get any kind of a worthwhile positive EV.
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Jun 7, 2018 07:14
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SiGmA_X posted:Girlfriend is moving in soon and I am embarrassed of my financial situation. This is Zaurg, isn’t it. He blew another 25k on crypto (or hid these debts from BFC all along), got a roommate like some of the well-pissers were suggesting, and is moving fast with the new Zgirlfriend that he mentioned before his long probe. He just thought knocking ten years off his age, calling it “rent” instead of a mortgage payment, and fudging which end of Florida he lives in would be enough to throw us off the trail.
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Jul 4, 2018 09:10
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moana posted:edit: want to see what $625k will buy you in California? Spoiler: it's less than 500 square feet! https://www.zillow.com/homes/for_sale/Santa-Cruz-CA/house_type/16112305_zpid/ and it actually sold for $350K less than a year ago, and was originally listed for $769k 
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Jul 11, 2018 01:35
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I'm pretty sure he means that in the past you could, say, sign up for the card in October, spend $300 on travel and get the credit, then when January rolled around spend $300 more and get the credit again. Now you wouldn't be eligible again until the next October. Edit: In fact I'm pretty sure I did exactly that when I first got the card, kept it though because the specific benefits are ultimately GWM in my situation (because the hefty annual fee is largely offset by that credit)
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Sep 21, 2018 02:50
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It's Idaho so there's probably like a 50% chance the neighbor is a sovcit weirdo. I look forward to his lawsuit defense based on the argument that since the neighbor's yard is not fringed in goldenrods, his dog should legally be considered a naval vessel engaged in interstate commerce (of doots) and therefore the court has no standing to hear the case.
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Oct 15, 2018 02:54
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My wife and I are student loan defaulters who said "ain't gonna ever pay!" and now living life on the run. AMA!quote:Wife owes $80,000+ and rapidly growing in private student loans. After years of struggling to make minimum monthly payments of $900+, we finally came to the decision to say "No way Sallie Mae, you are never going to get another cent!".
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Oct 18, 2018 13:33
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Lowness 72 posted:C'mon man post the link! You mean me? https://www.reddit.com/r/AMA/comments/5vvv48/my_wife_and_i_are_student_loan_defaulters_who/ I skimmed the comments but they weren't that interesting, a lot of handwaving from the OP when people call him out on  "but if we were going to pay, the payments are $900 a month!!" as if that's some completely unattainable magical sum of money for two college-educated adults with (apparently) no kids or other major debts to come up with, to the point that living a cash-based lifestyle like an undocumented immigrant and moving frequently for years to come is a better option. (Several people also point out that moving frequently is fairly expensive in itself...)EDIT: Also he never clarifies what kind of supposedly-useless-without-a-masters STEM degree his wife got. Porfiriato fucked around with this message at 14:53 on Oct 18, 2018 |
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Oct 18, 2018 14:45
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#BatWithMoney: The car price was 45k and I talked him down to $625 a month.
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Oct 19, 2018 14:23
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Volmarias posted:Your first $100k is untaxed if you're working overseas, he stated that since he didn't owe taxes he never bothered filling since he figured it wouldn't matter. Yeah, but you would think that he'd have realized at some point that having a black hole of, say, 3-5 years of no income tax returns filed at all is going to look shady as hell to the IRS when he goes back home and starts having taxable income and filing returns again. It's also like $20/year to e-file your 1040, so this guy claiming he's too broke to do even that single step that would massively (albeit temporarily) unfuck his life, should probably try a little harder to scrape up the $50-100 he needs.
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Nov 5, 2018 05:20
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In most cases yes, but this guy sounds like he just needs to sit down with a few old copies of TurboTax and let it walk him through the foreign earned income exclusion section. Assuming he was outside the USA for 330 days each year it's pretty straightforward. If he's as broke as he says he is, he probably doesn't have, say, taxable investment income back home or something like that to worry about.
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Nov 5, 2018 06:51
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Krispy Wafer posted:Wait until we’re black diamond. 
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Nov 11, 2018 06:07
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