Hyrax Attack! posted:

Parents go to court to boot 30-year-old son from home


https://www.seattletimes.com/nation-world/judge-sides-with-parents-boots-adult-son-from-new-york-home/

quote:

For Queensland farm manager Hugh Mackey, 61, the switch to interest-plus-principal repayments may prove too much.

He and his wife tried to build a retirement nest egg, buying two investment properties in the coal mining town of Blackwater in 2008, financed by almost half a million dollars in interest-only loans with ANZ.

The town's rental market has slumped, the houses have halved in value, and Mr Mackey is struggling to meet his loan repayments.

"At the moment, with interest only, we're forking out I think approximately $30,000 a year of our own money, separate to the rental income, to not default on the loans."

Even if he sells both investment properties, he has zero equity and may still owe ANZ about $250,000.

Devian666 posted:

The funny thing about the interest only loans is that the bank will allow these to remain that way for up to 5 years for the mum and dad investors, but they are lent the money on a 30 year basis. So they pay interest only for 5 years then the principle and interest payments are calculated on the remaining 25 years. So there's a huge jump in the size of the payments with a loan mechanic hilariously similar to the subprime crisis.

quote:

Just found out my 28 year old american girlfriend has $230,000 USD in student debt
I'm gobsmacked. That systems in the US exist that allow this and how she could be so careless to borrow from any high interest lender.

I'm now looking into ways to advice her in managing this debt but atm the interest avg of her loans is 8.3% and she only just started to work and earns $60,000 AUD salary. The added challenge of managing this debt is she wants to stay in australia.

Will The Australian government tax offset the interest of these?

So far my advice is consolidate and refinance the loan, seek forgiveness programs and pay the minimum repayment until forgiveness payout is achieved I think after 20 years.

Really makes my Australian help loan of $3000 at inflation rates seems so much more manageable

quote:

Have you done the scary maths on this?

$60,000 AUD salary is actually ~$47,750 AUD after tax

$230,000 USD debt @ 8.3% is ~$19,000 USD per year or ~$25,500 AUD per year in interest payments at current exchange rate

Salary ($47,750) minus interest payments ($25,500) leaves $22,250 AUD in her pocket

Guest2553 posted:

Being gaslighted, manipulated, and emotionally abused by the person who's supposed to be a primary caregiver generally undermines ones ability to do that This is like a hair away from asking 'why don't depressed people just think positively?'.

quote:

As I meditated with God I began to pray and ask him why is my relationship with my son so fragile and about to fall completely apart? I kept praying to God not my will but His will and it came to me that the strain and lack of trust is not me it’s because of my son fears that I will do to him what he has done to me the lying stealing and cheating this has caused his distrust for you. With that came a release of pressure from my heart and mind and I could let go of all the guilt. Because I knew I had done nothing but loved you but I now know I need to stop looking for or depending on you for support. God promised he would be what ever I needed I just needed to trust him. For that I am sorry I did that to you. I kept trying to make be like the men in the Bible and Ruth when she took care of her mother in law after her husband and all his brothers had died; cause the Bible says if the father dies the eldest son is head of the house and so on but though are not of these times and that was too much for me to want from you and I asked your forgiveness

SiGmA_X posted:

https://www.reddit.com/r/FordFocus/comments/8xbj15/new_18_se_20l_blacked_out_hatch_exhaust_can_i/
First time new car buyer... buyers remorse *face palm*.
https://www.reddit.com/r/cars/comments/8wzxyl/first_time_new_car_buyer_buyers_remorse_face_palm/
He confirms later he paid $10,400 out the door. With his post history, I was thinking he probably paid $14k and the dealer pocketed the $3.6k trade.

Devian666 posted:

I've been making changes to my autolending for P2P loans with the new parameter being any loans over $50k. The typical loan on the market is like one I've seen today.

Loan reason: University fees and a holiday
Existing loan: $66k with 4 payments made
New loan: $70450 for 5 years @ 11.99%

Seriously there's so much BWM yet the system grades the loan as an A5 (yay for credit scoring). Seriously they don't even get a pickup truck out of this, they can't afford a holiday and seriously how the gently caress are they going to pay $1566 per month while going to university and being on holiday? They can't afford a loving holiday.

I'm beginning to think all of New Zealand is BWM as I was looking at a chart of debt to GDP. New Zealand households have twice the debt to GDP of the US, and Australia is about 10% worse again. How has the whole country managed to gently caress up this badly when people get free healthcare and have no medical debt?

DEMAG posted:

Buy what you like. Simple as that. Even if you don't buy anything just looking around is a good way to use your time.


Thinking about some kawaii animu girl with her panties on display. Maybe no pantsu.

quote:

Might pick up a waifu pillow or something.

22 Eargesplitten posted:

Hypothetically speaking getting some sort of holistic medicine / herbalism certificate could be really GWM, people pay out the rear end for that kind of crap. But considering he is somehow that far in debt with a degree that can't even get him an entry level programming job I'm not optimistic about her chances.

GoGoGadgetChris posted:

"Do 401ks get pretty good returns?" is a question I hear allllllllllll the time

Very few people under 30 understand that it's a vessel and not a holding.

quote:

42 per cent of young people are living at home with their parents and working full-time or part-time, but most of them have less than $5,000 in the bank.

79% believe they will own a house one day.

"Saving up to buy a house is a ridiculous dream for most of these young people," Dr Jim Stanford from the Centre for Future Work

quote:

On December 8, 1990; Crundwell opened a secret bank account named RSCDA (Reserve Sewer Capital Development Account), making it appear to be a city account. She was the only signatory. She would have money deposited into another account called the Capital Development Fund, create false state invoices, and then write checks from the fund payable to "Treasurer," which she would deposit into the RSCDA account. According to federal investigators, this relatively uncomplicated scheme continued for 22 years.

However, the city's outside auditors, Clifton Gunderson (now CliftonLarsonAllen after merging with LarsonAllen in 2012) and local accountant Sam Card, dismissed his concerns, as they presumed that Crundwell was honest and signed off on Crundwell's financial statements annually without concern.

quote:

I am not very smart, but I plan to invest in a three fund portfolio for the future

Youth Decay posted:

When serial "entrepreneurship" meets hoarding

golden bubble posted:

As for more classic BWM, reddit brings Paying my parents' bills is crushing me.

quote:

I told him I would help him, but only if he tuned his finances over to me 100%. He gets about 1300 per month social security. He had no choice but to agree. He had several payday type loans, credit card debt and had gotten a new loan against his paid off car. He basically used every form of credit he had access to and maxed everything out.

I opened a checking account in my name only at his bank

I opened a savings account in both of our names at his bank

We called the social security office and changed his check to be deposited into the savings account (he cant write checks against a savings account)

When his check is deposited I transfer it to my checking account

I transfer 60 bucks every Monday into the savings account for him to withdraw. This is for food, fuel and every expense he has

I pay all of his bills from my checking account ( which only has his money in it)

I called the payday loan places and told them I hired an attorney ( I didn't), called the better business bureau and the consumer protection agency. I told them the lawyer I hired actually offered to handle this for free because his father went through the same thing and he was eager to make them pay again. All of them dropped all of his debt and wiped the slate clean. Bluff worked. In my state it is illegal for them to take post dated checks and they still do it because nobody knows any better. I had the law on my side so that helped with the bluff. The loan companies knew they would not stand a chance in court.

I met with the bank manager and explained what I was doing so that she could help me watch his accounts and understand the weird movement of money.

I closed his checking account so that no more checks could bounce against it

He moved into a controlled rent home where his rent is determined by his income

He lived on 40 bucks a week until I got his payments under control. Now he gets 60 and he has 5 grand saved up that he doesn't know about. When he has an emergency, like dental needs or doctor or new tires, I use the money from his account. He thinks I pay for it out of my pocket. On this system he saves around 100 bucks per month but thinks he breaks even.

sheri posted:

Is that an actual question from you or a post you found?

If actual question from you, no no no don't do any of that and just say no to anything your dad brings up in the future.

GoGoGadgetChris posted:

Owning real estate with family is a nightmare. Second only to trying to SELL real estate owned with family. Don't!!!

You don't gain any advantage by pooling your collective income, either.

Panfilo posted:

Really? I know a lot of immigrants who pooled collective income and that was how they got their foot in the door with a stable living arrangement. Same for starting a business.

CmdrRiker posted:

Yeah, you're essentially starting down the path of starting some sort of small business with your family. Whether a family real estate business or family hedge fund, I'm not sure.

bob dobbs is dead posted:

are they gettin riba-compatible loans (assuming muslims, given debt is no bueno religiously) for more money? lol

BMan posted:

The only moral loan is my loan

Nocheez posted:

Custom made chocolate bars. You know, those disposable wrappers and the quickly eaten insides? Bought for a 1 year old's birthday party, all while swimming in debt.

FAUXTON posted:

I spent $15 a day on two coffees and a breakfast bagel at a small-chain coffee shop that was on my way to work.

That habit lasted like 3 months and it was during a time when I had been living within $38k income's means on a $70k income so it didn't do anything other than eat away at roughly $300 of savings a month.

Now I batch-cook breakfast bagels every weekend for less than $15 of ingredients and it covers the whole week.

quote:

(WA) Husband is selling all of his assets ahead of divorce
My husband and I are about to file for divorce. Key word: about to. We only talked to lawyers and will file this week. We still live together and don’t have any kids. We’ve been married for 25 years so most, if not all, of his assets were acquired after marriage. From what I understand, those assets would be split between us. My husband told me explicitly when we realized that divorce was the solution, that he will make sure I don’t get a penny of his. Today I found out my husband started “selling” his assets to family member of his and friends. For example, he sold his 2 vehicles to his brother for $550 each (cars are worth around $25k each). Then, he sold his watches to his dad for $700 total even though they are worth over $50k.

It’s Sunday so I cannot talk to a lawyer until Tuesday when we have an appointment and I would like some input. Is this legal? These assets are in his name only, so I guess he is entitled to sell them but what happens if at the divorce he is basically left with zero assets? Are we going to split my assets? Thanks!!

Inept posted:

quote:

It happens to a lot of livestreamers. I wouldn't have minded if he charged back normally. But because of the fact that I got maced multiple times and this guy malevolently tried to cause trauma to me I'm upset.

quote:

A friend who has never been on a boat, decided that it would be a good idea to buy one... got close to the shore, waves rolled him over... Got it totally trashed the first week... Complete loss...
Story not complete..he actually flew from Mexico to California to buy this, bought against all of us suggestion a jet engine instead of an outboard.... Paid a friend to drive 1000 miles to help them tow the boat back... Did not go for a test drive, first time he ever driven a boat, did not have a license or boat registration,yet.. insurance won't cover...and can't get out... Beach is not accessible..boat is full in sand..has been there for 2 days already... One of the Passengers almost drowned.... What could possibly go wrong?..all in one week..

quote:

Q: What exactly was he doing going in so close to shore?

OP: ... girls...

quote:

One of my clients wanted to get into the pornography business. He was told that before he could do straight work with all the hot chicks, he had to do a solo video and a couple of gay videos. He got paid $150 to wear his service uniform while masturbating on an American flag. He got paid $200 to perform oral sex on another guy while wearing his uniform. And $350 to get sodomized. Apparently some people have a thing for a man in uniform, but it’s a UCMJ violation.Then the director said, “I’ll call you if I need you for a straight scene.” Someone reported him to his chain of command and he spent three months in jail, lost several thousand dollars pay, and got a bad conduct discharge from the service.

Hoodwinker posted:

So how many dollars worth of glue is a horse worth, anyways?

These good, good boys have a very good horse bit at the beginning of the latest episode, 428.

Dik Hz posted:

From: What Industry is shadier than most people realize on r/askreddit

(emphasis is mine)

quote:

Something similar happened to my cousin. The horse was much cheaper but he was still fairly pricey and was bought as a show horse. She rode him twice and he was very calm and gentle. First ride on him at home? He went crazy. Turns out he had an old injury that caused him a lot of pain and that he was on tranquillisers when she first rode him. She spent a lot of money on him in vet bills and on different types of therapy but he was put down three months later as hquoteis injury just worsened and he was a danger to himself and others.
My cousin was actually pretty upset and did some investigations into the dealer. Turns out, it was the same story for people up and down the country. This guy would buy cheap horses, create fake breed entries and passports and seek them on as dressage, show jumping or hunting prospects. My cousin actually wound up on a show called “watchdog” on their “rogue traders” segment. They confronted the guy head on and it was pretty cool. It’s a well known show in the U.K. and I’m pretty sure the guy was taken to court and charged in the end as a result of her little project.

quote:

Neighbor is poo poo-bombing my front yard
https://www.reddit.com/r/legaladvice/comments/9o3ge9/neighbor_is_shitbombing_my_front_yard/
Hey all, I have a lovely situation here that I'm hoping to get some advice about. This is in Idaho.

My neighbor is poo poo-bombing my front yard. A new neighbor bought a house across the street about 6 months ago. A few weeks back, I was working in the garage when I saw him take his dog directly across the street, into my front yard. He let it pee in my yard and then walked straight home. He didn't notice me - my garage is set up as a shop and is pretty busy, and the garage door is up a lot - but this piqued my interest because it's goddamned weird. Now, my wife and I have a dog so there are a few dog droppings from her that we pick up on a regular basis. My wife had been doing the dooty duty recently, so I asked her if there are more piles than normal. Sure enough, she said there had been a ton for a while now. She figured it was assholes walking their dogs and letting them crap in our lawn. I figured it was our new weirdo neighbor.

It happened again around a week later: I was in the garage as the neighbor took his dog into our lawn. This time the dog dropped a deuce and he started to walk away without picking it up. I called out to him, asking him if he needs a plastic bag to pick up after his dog, and he avoided eye contact and scurried back home. I went across the street and knocked on his door. He didn't answer. We set up a security camera to discretely watch the front lawn and I kept an eye out for when he was next out in his yard so I could talk to him.

I reviewed the footage over the next few days and, sure enough, he was consistently taking his dog to do the deed in our yard. Why our yard? No clue, we've never had any interaction with this guy whatsoever. The next time I saw him walking to his car, I confronted him. I simply told him that I knew he was taking his dog to poo poo in our yard and if I caught him doing it again I'd call the police to report him for trespassing. He denied doing it, claiming it must be other neighbors, got in his car, and drove away with me standing in his driveway.

So I review the footage from the last few days. Dude is not walking his dog into my yard anymore: he's letting the dog poo poo in his yard. He then scoops it up, walks it across the street, and tosses it into my yard with a shovel. What the absolute gently caress.

How do I even begin handling this?

quote:

This is a perfect opportunity for you to fire back at your poo poo-bombing neighbor with a legal ICBM.

Specifically, see idaho statute 6-202: https://legislature.idaho.gov/statutesrules/idstat/title6/t6ch2/sect6-202/

This is textbook civil trespass, and you are entitled to statutory relief of the GREATER OF $500 & actual damages, plus attorney's fees, and reimbursement for your costs of figuring out it's him!!!

So go hire a lawyer. Have fun.

quote:

https://www.usatoday.com/story/news/nation/2018/11/27/sawmill-fire-explosion-caught-camera-during-gender-reveal-party/2123246002/
U.S. border Patrol agent sparked $8M Arizona wildfire with gunshot at gender-reveal party

In the midst of the dispersing shrapnel, dust and fire, blue smoke can be seen soaring into the air, which usually indicates the expected baby is a boy.

Nearly 600 firefighters and related crews worked the fire, which forced over 100 people to evacuate their homes and caused $8 million worth of damage, previous reports show.

Guest2553 posted:

So does oil!

quote:

Sending you thoughts :*

quote:

I’ll deal with it after I deal with living check to check. 2nd job here I come.

quote:

Now that I am cash poor you fags should make me karma rich.
Edit: I’m gonna start a go fund me. Any backers?
Edit2: if any VC, prop fund, hedge fund, etc is looking to bring on a new analyst/trader send me a DM.

totalnewbie posted:

Also led me to this post:


Which, if you don't know what that all means:


4 and 7 days before this post, he made threads titled "Options Question" and "SPY options question".

quote:

Then there was the time she bought two horses on Ebay because they were "cheap" and figured she could flip 'em for a sweet profit. I mean sure we had an extra bedroom, but we lived downtown in a third floor walk up and horses don't like stairs.