Miscellaneous Discussion Thread
I consider everything within 45 miles las vegas.Quote: MaxPenI lived near Sunset Station. I think the same way. I consider that Vegas. Ironically downtown Henderson is basically a ghetto.
They have it online. It's pretty good.
Obviously it's more political. If differing political views trigger you, not recommended because he's pretty all over the map.
He is also a lawyer obviously and fairly knowledgeable about certain areas. That's kind of cool because almost no political pontificators have any concrete knowledge.
Quote: billryanNo, you do not. I don't invest in rent. I pay it as a cost of doing business. My money is earning money. From that money, comes the rent. The thing is my money is working for me. Your money is working for the bank for the next twenty-thirty years, then it is sitting idle unless you want to pay a banker to lend you money on your own property.I'll
You can call things by different names till you're blue in the face.
99% of people either have to pay rent, or pay a mortgage.
100% of the rent goes adios. Some % of the mortgage becomes equity that you own. It might turn out to be a great investment too. Worst case Ontario, you wind up owning a home in which to live.
The fact that you term rent a "business expense" and a mortgage "an investment" has no effect on this.
Not that this is a slam dunk case for buying, but it isn't something you can make vanish by waving your hands and changing words.
The fact that your aunt died in an apartment with a bunch of numbers on a bank balance doesn't do much to persuade.
I'd far rather have the opposite. I croak and people be like, "wow, that guy was traveling, eating well, having a good time but he had way less money than me and all I did was stare at my balances, WTF?"
Quote: petroglyph
Another article states, these prisoners cost a million dollars each, every year.
The vast majority of that money
would be spent to keep the base
open even if the prisoners weren't
there.
Quote: RSJust think of it this way -- if you pay $1,000/mo on your mortgage and home expenses instead of paying business expensing* $1,200/mo in rent....you can invest in an extra 200 ribeyes every month.
Actually, it's the other way around. Out of your $1,000 mortgage, you are paying taxes and interest. In mortgages, interest comes first so out of your $1,000 a month, about $75 goes to reducing your balance. As I understand mortgages, the vast amount of your monthly payments goes towards interest the first few years. If you move after five or ten years, the majority of your monthly payments did not go to reducing your mortgage balance. It was towards the front loaded interest. If you have a thirty year mortgage, you owe 360 payments. Payment one will be about 1percent principal and 99 percent interest, while payment 360 is 99 percent principal and one interest. The majority of your first fifteen years payments go towards paying interest. You could very easily borrow $100,000, pay $60,000 over the next five years and still owe $85,000. Hopefully your home went up in value because you are probably going to pay a hefty commission to sell your home. Let's hope all your appliances survive the five years because you better have good working appliances when you try to sell. Ownership comes with other expenses. I pay $16 a month for my renters insurance. What's a home owners policy run? What will five years of home warranty insurance run? With a house to lose, you'd better have more than minimal liability insurance on your car's and probably an umbrella policy.
If you are sure you are going to live in the same house for the next thirty years, without a significant change in circumstances, and don't plan on being upwardly mobile, then maybe it's a mediocre to middling investment. Otherwise, the risk doesn't justify the rewards.
Then again, we all know the banks and the government always look out for our best interests, so the two of them teaming up to "help" otherwise unqualified people enjoy their very own mortgages must mean it's a good thing.
Quote: billryanQuote: RSJust think of it this way -- if you pay $1,000/mo on your mortgage and home expenses instead of paying business expensing* $1,200/mo in rent....you can invest in an extra 200 ribeyes every month.
Actually, it's the other way around. Out of your $1,000 mortgage, you are paying taxes and interest. In mortgages, interest comes first so out of your $1,000 a month, about $75 goes to reducing your balance. As I understand mortgages, the vast amount of your monthly payments goes towards interest the first few years. If you move after five or ten years, the majority of your monthly payments did not go to reducing your mortgage balance. It was towards the front loaded interest. If you have a thirty year mortgage, you owe 360 payments. Payment one will be about 1percent principal and 99 percent interest, while payment 360 is 99 percent principal and one interest. The majority of your first fifteen years payments go towards paying interest. You could very easily borrow $100,000, pay $60,000 over the next five years and still owe $85,000. Hopefully your home went up in value because you are probably going to pay a hefty commission to sell your home. Let's hope all your appliances survive the five years because you better have good working appliances when you try to sell. Ownership comes with other expenses. I pay $16 a month for my renters insurance. What's a home owners policy run? What will five years of home warranty insurance run? With a house to lose, you'd better have more than minimal liability insurance on your car's and probably an umbrella policy.
If you are sure you are going to live in the same house for the next thirty years, without a significant change in circumstances, and don't plan on being upwardly mobile, then maybe it's a mediocre to middling investment. Otherwise, the risk doesn't justify the rewards.
Then again, we all know the banks and the government always look out for our best interests, so the two of them teaming up to "help" otherwise unqualified people enjoy their very own mortgages must mean it's a good thing.
Sounds about right, Bill. I don't know who invented that mortgage racket but it's pretty slick, slick for the bank. We should have all been bankers instead of card players and video poker players. Bankers, the ULTIMATE A.P. move. Fck hole-carding, get into banking, lol.
Do you remember the Seinfeld episode where Newman was contesting a ticket and telling his story about never realizing his dream of becoming a banker. So funny.
Quote: billryanQuote: RSJust think of it this way -- if you pay $1,000/mo on your mortgage and home expenses instead of paying business expensing* $1,200/mo in rent....you can invest in an extra 200 ribeyes every month.
Actually, it's the other way around. Out of your $1,000 mortgage, you are paying taxes and interest. In mortgages, interest comes first so out of your $1,000 a month, about $75 goes to reducing your balance. As I understand mortgages, the vast amount of your monthly payments goes towards interest the first few years. If you move after five or ten years, the majority of your monthly payments did not go to reducing your mortgage balance. It was towards the front loaded interest. If you have a thirty year mortgage, you owe 360 payments. Payment one will be about 1percent principal and 99 percent interest, while payment 360 is 99 percent principal and one interest. The majority of your first fifteen years payments go towards paying interest. You could very easily borrow $100,000, pay $60,000 over the next five years and still owe $85,000. Hopefully your home went up in value because you are probably going to pay a hefty commission to sell your home. Let's hope all your appliances survive the five years because you better have good working appliances when you try to sell. Ownership comes with other expenses. I pay $16 a month for my renters insurance. What's a home owners policy run? What will five years of home warranty insurance run? With a house to lose, you'd better have more than minimal liability insurance on your car's and probably an umbrella policy.
If you are sure you are going to live in the same house for the next thirty years, without a significant change in circumstances, and don't plan on being upwardly mobile, then maybe it's a mediocre to middling investment. Otherwise, the risk doesn't justify the rewards.
Then again, we all know the banks and the government always look out for our best interests, so the two of them teaming up to "help" otherwise unqualified people enjoy their very own mortgages must mean it's a good thing.
Who says you have to live there for 30 years or however long?
Here’s another analogy, you can even kill 2, no — 3 birds, with one stone. Check this out:
Buy a house. Not a home. Houses are investments, homes aren’t. Now rent it out to somebody. Probably best to rent it out to yourself, since after all, renting is the best thing since sliced bread, as the Ancient Hawaiians used to say. Finally, with your couple hundred bucks a month in savings, you’ll be able to afford about 7 ribeyes a day.
Edit: That’s not an analogy. Whatever
Seems like ending hostility's with Cuba would make the base much cheaper. Then we could hire Cubans to mow the grass for thirty dollars a month.Quote: EvenBobThe vast majority of that money
would be spent to keep the base
open even if the prisoners weren't
there.
A hundred and fifty years ago, a man could exchange a few years labor for a plot of land and build his own house, with his neighbors chipping in to help. Progress.
I believe there are better, much better, uses for my money than buying a place to live. The last twenty years experiences have reinforced that view. I understand it's not the best way for everyone, but it's an option not everyone considers.
Is everyone here an AP in real estate on the side?
Quote: RSQuote: billryanQuote: RSJust think of it this way -- if you pay $1,000/mo on your mortgage and home expenses instead of paying business expensing* $1,200/mo in rent....you can invest in an extra 200 ribeyes every month.
Actually, it's the other way around. Out of your $1,000 mortgage, you are paying taxes and interest. In mortgages, interest comes first so out of your $1,000 a month, about $75 goes to reducing your balance. As I understand mortgages, the vast amount of your monthly payments goes towards interest the first few years. If you move after five or ten years, the majority of your monthly payments did not go to reducing your mortgage balance. It was towards the front loaded interest. If you have a thirty year mortgage, you owe 360 payments. Payment one will be about 1percent principal and 99 percent interest, while payment 360 is 99 percent principal and one interest. The majority of your first fifteen years payments go towards paying interest. You could very easily borrow $100,000, pay $60,000 over the next five years and still owe $85,000. Hopefully your home went up in value because you are probably going to pay a hefty commission to sell your home. Let's hope all your appliances survive the five years because you better have good working appliances when you try to sell. Ownership comes with other expenses. I pay $16 a month for my renters insurance. What's a home owners policy run? What will five years of home warranty insurance run? With a house to lose, you'd better have more than minimal liability insurance on your car's and probably an umbrella policy.
If you are sure you are going to live in the same house for the next thirty years, without a significant change in circumstances, and don't plan on being upwardly mobile, then maybe it's a mediocre to middling investment. Otherwise, the risk doesn't justify the rewards.
Then again, we all know the banks and the government always look out for our best interests, so the two of them teaming up to "help" otherwise unqualified people enjoy their very own mortgages must mean it's a good thing.
Who says you have to live there for 30 years or however long?
Here’s another analogy, you can even kill 2, no — 3 birds, with one stone. Check this out:
Buy a house. Not a home. Houses are investments, homes aren’t. Now rent it out to somebody. Probably best to rent it out to yourself, since after all, renting is the best thing since sliced bread, as the Ancient Hawaiians used to say. Finally, with your couple hundred bucks a month in savings, you’ll be able to afford about 7 ribeyes a day.
Edit: That’s not an analogy. Whatever
Isn't that what CET, MGM and just about every corporation does? Buy a building and lease it to themselves? Great way to post solid cash flow.
I don't get what we are talking about here. No one said anyone can go buy a house all ya willy-nilly and it will automatically be a good investment. I have no doubt many people are underwater on their mortgages especially when a bunch of immigrants were able to buy homes at the drop of a sombrero.Quote: billryanI'm curious if any of those ridiculing the very idea are underwater in their mortgages? Half the mortgages in Las Vegas were underwater.
Is everyone here an AP in real estate on the side?
You could have a 120% +EV situation gambling via BJ, but if go in with a strategy that says hit until you bust and play like an idiot, you will be underwater in no time at all.
Let's be reasonable an not use every extreme there is just to prove a point.
Under normal circumstances, If someone has a fair - good job, fair - good credit or the cash to buy a house, are you claiming it's a bad investment?
Quote: AxelWolfI don't get what we are talking about here. No one said anyone can go buy a house all ya willy-nilly and it will automatically be a good investment. I have no doubt many people are underwater on their mortgages especially when a bunch of immigrants were able to buy homes at the drop of a sombrero.
You could have a 120% +EV situation gambling via BJ, but if go in with a strategy that says hit until you bust and play like an idiot, you will be underwater in no time at all.
Let's be reasonable an not use every extreme there is just to prove a point.
Under normal circumstances, If someone has a fair - good job, fair - good credit or the cash to buy a house, are you claiming it's a bad investment?
I'm saying buying a house in Las Vegas, and specifically Las Vegas, is a crap shoot, at best, and people can do better elsewhere. That there is a serious case to be made that renting in the Valley is a better option than buying, especially in a rising market like at present.
You can point to the recent increases but that ignores the historic reality. Most houses in the Valley today are worth less than they were a decade ago, while a similar investment in the S&P would have tripled.
You pull over.
The officer yells to other officers "GUN"
The Black man is now scared for his life and shows both hands in plain view
The officer orders him to shut off the car
The Black man refuses. He feels that if he moves a hand, he may get shot
So he ignores the officers orders and keeps both hands in plain view
Now the officer that yelled "gun" is very very angry
The Black man refuses the order to make sure both hands are visible to the police
"I’m not going to shoot you, but you’re not going to move those hands,” the officer says.
“My hands in the air,” Truitt replies. “You’re telling me to shut my car off so you can shoot me. C’mon now.”
What would you do?
https://www.msn.com/en-us/news/us/faced-with-an-officers-gun-a-black-man-chose-his-best-option-show-his-hands-and-hit-record/ar-AAC8Khi?ocid=spartanntp&fbclid=IwAR1QAUZYOfgCtiIY-ZZJ8kTbwQlS_55mrwXKYFDXJIMVMk9W8nHxrDpnl1c
Holding a man at gunpoint and subduing him is not f***ing rocket science, especially if you have other people there covering you. Any idiot can learn how to do it in five minutes. The fact that some cops can screw something up that is so simple really speaks to their intelligence, and makes me wonder how they ever become police.
Quote: TigerWuThis sounds like that one guy last year who was trying to comply with two separate officers' commands that were indirect conflict with each other and they ended up shooting and killing him.
Holding a man at gunpoint and subduing him is not f***ing rocket science, especially if you have other people there covering you. Any idiot can learn how to do it in five minutes. The fact that some cops can screw something up that is so simple really speaks to their intelligence, and makes me wonder how they ever become police.
Reminds me of the Miami cops that shot the social worker with both hands up
When he asked the cop why he shot him with both hand up
the cop" I don't know "
If so, that's because the housing market was still declining in 2009 and reached it's lows a few years later.Quote: billryanI'm saying buying a house in Las Vegas, and specifically Las Vegas, is a crap shoot, at best, and people can do better elsewhere. That there is a serious case to be made that renting in the Valley is a better option than buying, especially in a rising market like at present.
You can point to the recent increases but that ignores the historic reality. Most houses in the Valley today are worth less than they were a decade ago, while a similar investment in the S&P would have tripled.
I have no doubt there are better places to buy. Unless you have a good reason to be here... WHO THE F REALLY WANTS TO LIVE IN LV ANYWAYS? I certainly would not want to given a reasonable choice. I'm not unhappy living here and I'm glad I have been here for the many years I have been. But given the ultimate choice, I wouldn't choose LV, but it's certainly not on the bottom of my list.
I do think one would do well if they bought some rental properties in town(assuming they knew what they were doing). I can't recall the exact year but back around 2011 or 2012 I really wanted to invest in some rental properties and get something really nice for us. Unfortunately, I had some medical issues I had to contend with and missed out. I had time to lay around and look at super good deals all day long. I encouraged as many people as I could to get into something at that time. About 3.5 years back I passed up a townhouse in a gated community with an attached 2 car garage with low HOA fees that was going for only 40k. It needed about 3k in repairs. I was discouraged by my wife at the time. A comparable place is going for 133k right now.
Quote: TigerWuThis sounds like that one guy last year who was trying to comply with two separate officers' commands that were indirect conflict with each other and they ended up shooting and killing him.
Holding a man at gunpoint and subduing him is not f***ing rocket science, especially if you have other people there covering you. Any idiot can learn how to do it in five minutes. The fact that some cops can screw something up that is so simple really speaks to their intelligence, and makes me wonder how they ever become police.
Our cops are the biggest cowards in the country and it's legal for them to kill anyone who scares them, no matter how far fetched their fear is.
It's absurd that someone with a bunch of weapons, professional training, dashcam, back up etc. etc. is held to a much lower standard than anyone else.
Big problem. The only solution I can think of is to change the laws so that they are held to the same standards anyone else would be.
Mailmen, teachers, clerks in stores... all have to deal with nasty people who maybe, might, could possibly, once in a blue moon, harm them. Only cops are legally allowed to just kill anybody they feel like.
Some states allow Officers to be sworn in after six weeks of training .
Stricter hiring standards, some sort of minimum training standards, either national or statewide, would go a long way.
These days, many young cops are combat vets and in a crisis revert to the military training. In one of the most profile shooting cases in recent NYPD history, two of the four cops charged with shooting and killing an unarmed man testified that while they never saw a weapon, they put down suppressing fire. Suppressing fire at the doorway of a public housing project. Police don't use suppression fire. The military does. NYPD has some of the best training for its officers. It's about a year before an NYPD Officer is fully trained, yet in a crisis, they reverted to their military training. What do you think the cop in South Carolina with six weeks police training is going to do?
Quote: billryanThe problem is pretty basic. Jurisdictions rush cops through minimum training and push them onto the streets for further " training" by other improperly trained officers who have picked up bad habits.
Some states allow Officers to be sworn in after six weeks of training .
Stricter hiring standards, some sort of minimum training standards, either national or statewide, would go a long way.
These days, many young cops are combat vets and in a crisis revert to the military training. In one of the most profile shooting cases in recent NYPD history, two of the four cops charged with shooting and killing an unarmed man testified that while they never saw a weapon, they put down suppressing fire. Suppressing fire at the doorway of a public housing project. Police don't use suppression fire. The military does. NYPD has some of the best training for its officers. It's about a year before an NYPD Officer is fully trained, yet in a crisis, they reverted to their military training. What do you think the cop in South Carolina with six weeks police training is going to do?
Interesting. I'd heard someone argue that we should have more combat vets as cops since, at least theoretically, military guys are trained not to shoot unarmed civilians. Also, they have been in situations that are actually threatening, which the police almost never are.
Having been in dangerous situations, the idea was that they wouldn't think an unarmed person pulled over for running a light, scratching their nose was a threat to two guys standing with guns drawn.
I do think some of it is the training. But the underlying idea of the training, and the laws seems to be that one cop life is worth 100 civilian lives. Therefore, if you think there is any kind of remote chance that someone MIGHT, maybe TRY to harm you, you just kill them.
It should be the opposite. Police are well compensated with the idea that they take some risks. Shooting on civilians should be a last resort and only occur after the civilians have initiated it. Otherwise, cops go to jail just like a mailman or teacher would for shooting someone for scratching their nose.
Quote: terapinedYou are a Black man stopped by the cops in a car
You pull over.
The officer yells to other officers "GUN"
The Black man is now scared for his life and shows both hands in plain view
The officer orders him to shut off the car
The Black man refuses. He feels that if he moves a hand, he may get shot
So he ignores the officers orders and keeps both hands in plain view
Now the officer that yelled "gun" is very very angry
The Black man refuses the order to make sure both hands are visible to the police
"I’m not going to shoot you, but you’re not going to move those hands,” the officer says.
“My hands in the air,” Truitt replies. “You’re telling me to shut my car off so you can shoot me. C’mon now.”
What would you do?
https://www.msn.com/en-us/news/us/faced-with-an-officers-gun-a-black-man-chose-his-best-option-show-his-hands-and-hit-record/ar-AAC8Khi?ocid=spartanntp&fbclid=IwAR1QAUZYOfgCtiIY-ZZJ8kTbwQlS_55mrwXKYFDXJIMVMk9W8nHxrDpnl1c
Sounds like he did well. Also I have driven in that town before. We totally didn't belong and it was one of the more creepy hours in our lives.
I detail it in roughly the middle of this post.
https://www.vegasmessageboard.com/forums/index.php?threads/an-anniversary-trip-to-tunica-with-actual-tunica-pics.110649/#post-999132
Most lateral hires waive any training or course work.
Some cops have drawn a pistol when they meant to draw a stun gun.
Recall perhaps the police woman who was one floor higher in the condominium than she thought and shot the unarmed man in his own apartment: Things like that happen after 13 hour shifts.
Many discipline cases are avoided by transferring to a new department, often with a glowing recommendation because its cheaper than a lawsuit.
Quote: TigerWuWow, jjjoooggg, it sounds like you might be the perfect person to ask something I've been wondering for years....
What's the deal with vacant buildings? It seems like they just sit there for years. Doesn't it just bleed money with property taxes and what not, with zero revenue coming in? How do people/business owners afford to just let a building sit for months or years on end? Wouldn't it just be cheaper to demo it and sell the vacant lot?
I'd imagine some vacant land is inherited. And decendants are neglecting land.
yes, property tax is about 2.5 %. A large real estate company has offered in writing to buy 75% of our land at a reasonable. price. I'd imagine a little below market so they can deal with it. My mom is close minded. So I'm stuck mowing a total of 8 acres of land. Some going as far as 150 miles away. Some code enforcers want vacant lots cut every 3 weeks. Well, they didn't tell me specifically. But cutting 1/month didn't fly under the radar.
Quote: FleaStiffMost 'training' involves challenging a course by just taking the final exam at the police academy.
Most lateral hires waive any training or course work.
Some cops have drawn a pistol when they meant to draw a stun gun.
Recall perhaps the police woman who was one floor higher in the condominium than she thought and shot the unarmed man in his own apartment: Things like that happen after 13 hour shifts.
Many discipline cases are avoided by transferring to a new department, often with a glowing recommendation because its cheaper than a lawsuit.
A normal person doesn't walk into the wrong apartment and just murder the first person they see.
13 hours of work... I've done that hundreds of times without murdering anybody.
That's what American cops do.
Then, of course frame the guy and escape consequences.
Quote: terapinedYou are a Black man stopped by the cops in a car
You pull over.
The officer yells to other officers "GUN"
The Black man is now scared for his life and shows both hands in plain view
The officer orders him to shut off the car
The Black man refuses. He feels that if he moves a hand, he may get shot
So he ignores the officers orders and keeps both hands in plain view
Now the officer that yelled "gun" is very very angry
The Black man refuses the order to make sure both hands are visible to the police
"I’m not going to shoot you, but you’re not going to move those hands,” the officer says.
“My hands in the air,” Truitt replies. “You’re telling me to shut my car off so you can shoot me. C’mon now.”
What would you do?
https://www.msn.com/en-us/news/us/faced-with-an-officers-gun-a-black-man-chose-his-best-option-show-his-hands-and-hit-record/ar-AAC8Khi?ocid=spartanntp&fbclid=IwAR1QAUZYOfgCtiIY-ZZJ8kTbwQlS_55mrwXKYFDXJIMVMk9W8nHxrDpnl1c
These scenarios happened to me:
1. I drive up to a store after hours to find my backdoor open. I call cops to search the store. I am standing in front of the cop car. He knows I have a chl because we are required to show id with chl. Cop tells me to pull out my gun and put it in the trunk. I raise my hands for him to pull out the gun and place in my trunk. I was in front of the cop camera. If there was no audio, he could have shot me.
2. I am at a store after hours working on a drawer lock. I am at the front window. Lights` are on inside. Lights are off outside.
Someone said, "open the window."
Me said, " who is this."
someone said " cops"
Me said, " who is this"
someone said, "cops."
I open window to pitch black and adjust my eyes to see two officers. They said that someone called that someone was breaking in.
We almost never have good samaritans. People will look the other way than help someone. I can't recall one case where someone called in a burglary or robbery in progress for us.
I find the next day a vertical dent in my bumper like a cop bumper hit it.
I've been mugged 6 or 7 times. I lost count of robberies and burglaries. I risked myself because the officer wanted me to not see who was behind the window. Usually, they knock on the backdoor so I can see who it is.
Quote: jjjooogggI'd imagine some vacant land is inherited. And decendants are neglecting land.
yes, property tax is about 2.5 %. A large real estate company has offered in writing to buy 75% of our land at a reasonable. price. I'd imagine a little below market so they can deal with it. My mom is close minded. So I'm stuck mowing a total of 8 acres of land. Some going as far as 150 miles away. Some code enforcers want vacant lots cut every 3 weeks. Well, they didn't tell me specifically. But cutting 1/month didn't fly under the radar.
Commercial properties are a very different animal. Its very difficult to get long term financing on them. Most loans are for five years and then you have to refinance.
In poor neighborhoods, if a factory shuts down, its almost worthless. The building isn't leasable as a factory, and it costs more to tear down the building than the vacant land is worth, so it gets foreclosed and belongs to the bank which may decide it cant make money off it so they don't pay taxes. Soon the property has a tax lien on it which makes it even more unattractive. Eventually squatters or junkies gain access to the vacant building and the town declares it a public nuisance and tears it down.
Property zoned Residential almost always has some value, but a lot of commercial zoned properties are just about useless and would be happily given to whatever fool wants to assume the liabilities. IN NYC, in the 80s and early 90s, the City was giving away commercial properties in blighted neighborhoods to anyone who wanted them. My friend got two five story buildings in Fort Greene for $800. Fifteen years and about $800,000 later, he sold them for a tidy profit. In the beginning it was a lot of sweat equity as he and his brother rehabbed the buildings unit by unit.
The Jehovah's Witnesses took ownership of a series of blocks of buildings and in addition to transforming several into their Worldwide Headquarters, they made over a billion dollars selling units.
Quote: billryanQuote: RSJust think of it this way -- if you pay $1,000/mo on your mortgage and home expenses instead of paying business expensing* $1,200/mo in rent....you can invest in an extra 200 ribeyes every month.
Actually, it's the other way around. Out of your $1,000 mortgage, you are paying taxes and interest. In mortgages, interest comes first so out of your $1,000 a month, about $75 goes to reducing your balance. As I understand mortgages, the vast amount of your monthly payments goes towards interest the first few years. If you move after five or ten years, the majority of your monthly payments did not go to reducing your mortgage balance. It was towards the front loaded interest. If you have a thirty year mortgage, you owe 360 payments. Payment one will be about 1percent principal and 99 percent interest, while payment 360 is 99 percent principal and one interest. The majority of your first fifteen years payments go towards paying interest. You could very easily borrow $100,000, pay $60,000 over the next five years and still owe $85,000. Hopefully your home went up in value because you are probably going to pay a hefty commission to sell your home. Let's hope all your appliances survive the five years because you better have good working appliances when you try to sell. Ownership comes with other expenses. I pay $16 a month for my renters insurance. What's a home owners policy run? What will five years of home warranty insurance run? With a house to lose, you'd better have more than minimal liability insurance on your car's and probably an umbrella policy.
If you are sure you are going to live in the same house for the next thirty years, without a significant change in circumstances, and don't plan on being upwardly mobile, then maybe it's a mediocre to middling investment. Otherwise, the risk doesn't justify the rewards.
Then again, we all know the banks and the government always look out for our best interests, so the two of them teaming up to "help" otherwise unqualified people enjoy their very own mortgages must mean it's a good thing.
You're examples have more holes than a spaghetti strainer. How much of your rent is going towards something that will enable you to not have a rent payment? You act like your landlord is subsidizing your existence. I never met a landlord that claimed to be their tenants mommy or daddy.
https://www.washingtonpost.com/local/public-safety/fbi-looking-for-the-furry-mask-bandit-who-they-say-robbed-four-banks/2019/05/31/ea30f9e6-83a4-11e9-bce7-40b4105f7ca0_story.html?utm_term=.de645b4d00da
Quote: MaxPenQuote: billryanQuote: RSJust think of it this way -- if you pay $1,000/mo on your mortgage and home expenses instead of paying business expensing* $1,200/mo in rent....you can invest in an extra 200 ribeyes every month.
Actually, it's the other way around. Out of your $1,000 mortgage, you are paying taxes and interest. In mortgages, interest comes first so out of your $1,000 a month, about $75 goes to reducing your balance. As I understand mortgages, the vast amount of your monthly payments goes towards interest the first few years. If you move after five or ten years, the majority of your monthly payments did not go to reducing your mortgage balance. It was towards the front loaded interest. If you have a thirty year mortgage, you owe 360 payments. Payment one will be about 1percent principal and 99 percent interest, while payment 360 is 99 percent principal and one interest. The majority of your first fifteen years payments go towards paying interest. You could very easily borrow $100,000, pay $60,000 over the next five years and still owe $85,000. Hopefully your home went up in value because you are probably going to pay a hefty commission to sell your home. Let's hope all your appliances survive the five years because you better have good working appliances when you try to sell. Ownership comes with other expenses. I pay $16 a month for my renters insurance. What's a home owners policy run? What will five years of home warranty insurance run? With a house to lose, you'd better have more than minimal liability insurance on your car's and probably an umbrella policy.
If you are sure you are going to live in the same house for the next thirty years, without a significant change in circumstances, and don't plan on being upwardly mobile, then maybe it's a mediocre to middling investment. Otherwise, the risk doesn't justify the rewards.
Then again, we all know the banks and the government always look out for our best interests, so the two of them teaming up to "help" otherwise unqualified people enjoy their very own mortgages must mean it's a good thing.
You're examples have more holes than a spaghetti strainer. How much of your rent is going towards something that will enable you to not have a rent payment? You act like your landlord is subsidizing your existence. I never met a landlord that claimed to be their tenants mommy or daddy.
If you'd care to pick out one or two"holes" , I would be interested in your thoughts on them.
Many landlords, especially bigger corporations, do subsidize tenants rents. I will admit it is much easier in NY, but there are plenty of desperate landlords and tons of tenants looking to sublease that will happily subsidize you. But we have wandered far afield here.
As an aside, I was shed shopping yesterday, just getting a feel of pricing, and what's involved in completing them. Salesman tells me they could last 10, maybe 12 years of useful life. Then he offered fifteen year financing with a $25,000 purchase. He didn't appreciate it when I pointed out the irony. I wonder if long term debt is addictive.
They have a bunch of vintage clay poker chips, all sorts of strange carnival games that are old, some 19330s era Ballys items, and the bodies of some vintage slots. Today's auction is online, tomorrow's is both live and online.
I post these when I see something I think might be of interest. None of the items in either auction belong to me.
Quote: terapinedHe robbed 4 banks yet they show a pic of what looks like a grocery store???????????
some large grocery stores have banks inside them
or maybe he also robbed a grocery store and that is the best picture they have
I believe bank robbery is a separate division for the FBI
Quote: lilredroostersome large grocery stores have banks inside them
or maybe he also robbed a grocery store and that is the best picture they have
I believe bank robbery is a separate division for the FBI
Back in the day, when casino ID failed but I had means to track location, I'd stop where they stopped. Part of pinching the Tran Org making fake ATM cards was me getting info out of a truck stop and a local hotel.
I imagine the FBI would scour similarly.
Quote: terapinedHe robbed 4 banks yet they show a pic of what looks like a grocery store???????????
Several banks have small branches in supermarkets these days. I imagine those may seem like easier targets.
One of the guys is a country club member, and guests are not allowed Saturday morning, but he calls and after relaying the story the country club kindly lets us play.
Would you go back to the first place in the future? I think I will, as I do like the course and I enjoy playing a diversity of courses.
Seems like the manager on the first course should try to make things right if it was indeed their mistake, as it appears. Maybe try to find slots at other courses, or free/discounted greens fees for your next round there. Heck, even a free beer coupon or some such would at least show a little good will.Quote: SOOPOOMe and my usual golfmates have a 7;54am tee time at one of 5 local courses that we play sort of in a rotation. When I get to the course I am the first to check in. As I'm walking in there a dozen incredulous guys are walking out. The counter guy says "I'm sorry, but we have a tournament today, so I can't let any of the golfers with tee times play today! I ask to speak with a manager and am rebuffed, as he says the manager will say the same thing, as they have been saying the same thing all morning!
One of the guys is a country club member, and guests are not allowed Saturday morning, but he calls and after relaying the story the country club kindly lets us play.
Would you go back to the first place in the future? I think I will, as I do like the course and I enjoy playing a diversity of courses.
If it happened to me where I live, I wouldn't go back there, but there are dozens of other courses to choose from here in N FL. Tough call if you only have 4 other courses to choose from.
Curious if you are planning to talk about this to the manager if/when you go back to see if he is willing to set things right?
In Sierra Vista, its worse. Some homes that sold for $250,000 are now under 100K, and are in almost move in condition. With a nearby army base, you'd think demand for off base housing would make these properties desirable.
One Tuscon apartment complex owner went from several vacancies to waiting-list only by buying a school bus (they are cheap due to mandatory must sell laws). Many military families can't afford two cars, so if husband drives to work, wife is marooned all day long. You might buy the houses on the cheap and then provide a central bus stop.Quote: billryanWith a nearby army base, you'd think demand for off base housing would make these properties desirable.
Quote: SOOPOOMe and my usual golfmates have a 7;54am tee time at one of 5 local courses that we play sort of in a rotation. When I get to the course I am the first to check in. As I'm walking in there a dozen incredulous guys are walking out. The counter guy says "I'm sorry, but we have a tournament today, so I can't let any of the golfers with tee times play today!
First mistake is playing way too late. Our group tee'd off at 5:45AM this morning. We always try to book the first tee time so noone is in front of us to slow us down. Most tournaments don't usually start until 7:30 or 8:00. Many courses here will let us go out ahead of the tournaments.
The nice thing about Bisbee is there are almost no national chains there. Hotel space is very limited as the locals wont let any of the chains build their cookie cutter 100 unit hotels, so vacation rentals are in surprising demand and are a source of income for many of the residents. Locals used to grow much of their own food so the lots outside of the mining areas are quite oversized. In many cases, you can subdivide and sell part, and in the few you can't subdivide, you can build a "guest house" that you can rent out if it meets certain reasonable standards.
https://twitter.com/fox10phoenix/status/1135985034857345024?s=21&fbclid=IwAR2XPxINITZhPQW0jHuFFHhLPlzYB1RAfu-1IeFIiHIqC0P9WrI257VlPto
wow anyone 'downstream' was covered in vomit!Quote: RigondeauxI greatly enjoyed this video because I'm a bad human being.
https://twitter.com/fox10phoenix/status/1135985034857345024?s=21&fbclid=IwAR2XPxINITZhPQW0jHuFFHhLPlzYB1RAfu-1IeFIiHIqC0P9WrI257VlPto
Quote: petroglyph1:30 p.m. 100* Going to try the pool
You got there before we did, but not by much. Mid 90s all week, "feels like" 105+, but not actually hit 100.
Yeah, I went out to take an empty cardboard box to the dumpster, but instead sat on a door front bench when that wall of heat hit me.Quote: beachbumbabs"feels like" 105+, but not actually hit 100.
