Democrats: Mortgage Fraud and General Corruption.

[teef]

10 minutes ago, AlBUNDY4TDS said:

I could but didn't want to have higher monthly payments, the same reason anyone would take higher term length.

 

And if a 50 year loan is the only way a young person can enter the housing market, why the ***** do u care?

 

Nobody I know my age can take on a 30 year mortgage by themselves.

you're 40.  you act like you're a kid.  i car about 50 year mortgages because it's an incredibly bad idea for the younger generation.  that is not a solution to fix the housing market at all, but unfortunately there's people who aren't financially savy and will thinks it's a good idea because it came from this administration.  even in that thread there were comments such as, "if the dems don't like it, it must be good".   suggesting people take on a mortgage like that where it's almost all interest for over what 30 years plus.  that's far more damaging anything posted in this thread, but who cares right?  

 

again, you're a 40 year old man.  if you don't know anyone that can take on a 30 year mortgage at this point in your life, you must hang out with #######s.  i see young people come through my office on the regular who are buy homes on a 30 year.  get your ***** together already.

[All_Pro_Bills]

5 minutes ago, AlBUNDY4TDS said:

I could but didn't want to have higher monthly payments, the same reason anyone would take higher term length.

 

And if a 50 year loan is the only way a young person can enter the housing market, why the ***** do u care?

 

Nobody I know my age can take on a 30 year mortgage by themselves.

You ht on several of the variables that go into a sound decision. Term, interest rate, down payment, loan amount, along with the rate of inflation. For me the most important factor is the interest rate.

 

Some car makers are offering 0% loans for example. In that case a longer term of 7 years could be the better choice because the entire payment amount goes to principal. And at an inflation rate of greater than 3% like we're experiencing along with the time value of money means by the time you get to year 7 the payment in real dollars is around 19% less (by my calculation of compounding a 3% inflation rate over 5 years) than at the start of the loan. And keeping the car loan-free for a number of years beyond that means no payments!

 

The absolute worst way to finance anything is through credit cards. Nobody talks much about addressing this issue. With onerous loan-shark like rates of 22% the amount of dollars you pay to service the balance is obscene. If either political party wants to attack a major cost to Americans tackling the interest charges banks are allowed might be a good place to start. Generally, the most cash strapped consumers fall into this debt trap that isn't so easy to exit. For people that can pay the entire balance off every month its a way to use somebody else's money for a month. 

 

 

[AlBUNDY4TDS]

3 minutes ago, teef said:

you're 40.  you act like you're a kid.  i car about 50 year mortgages because it's an incredibly bad idea for the younger generation.  that is not a solution to fix the housing market at all, but unfortunately there's people who aren't financially savy and will thinks it's a good idea because it came from this administration.  even in that thread there were comments such as, "if the dems don't like it, it must be good".   suggesting people take on a mortgage like that where it's almost all interest for over what 30 years plus.  that's far more damaging anything posted in this thread, but who cares right?  

 

again, you're a 40 year old man.  if you don't know anyone that can take on a 30 year mortgage at this point in your life, you must hang out with #######s.  i see young people come through my office on the regular who are buy homes on a 30 year.  get your ***** together already.

I owned and sold a house.

 

Thanks for your concern.

 

You should definitely take a break from here.

 

You seem mad.

 

I gotta get my ***** together? I have over 20 k in my bank account lol

[teef]

4 minutes ago, AlBUNDY4TDS said:

I owned and sold a house.

 

Thanks for your concern.

 

You should definitely take a break from here.

 

You seem mad.

 

I gotta get my ***** together? I have over 20 k in my bank account lol

do you live in a van now?  and dude...20k?  daddy's little man!

[AlBUNDY4TDS]

3 minutes ago, teef said:

do you live in a van now?  and dude...20k?  daddy's little man!

I live with my 91 year old grandfather so he can stay in his house.

 

*****.

3 minutes ago, teef said:

do you live in a van now?  and dude...20k?  daddy's little man!

Do you have 20 k you can spend tomorrow if you needed to without pulling from a 401k?

[BillsFanNC]

teef's almost there.  He's about to brag about his bank like L-rage and C-section.

 

Is your wife a 10 as well teef?

 

😂

 

 

[AlBUNDY4TDS]

1 minute ago, BillsFanNC said:

teef's almost there.  He's about to brag about his bank like L-rage and C-section.

 

Is your wife a 10 as well teef?

 

😂

 

 

He's a small man for sure lol.

[teef]

3 minutes ago, AlBUNDY4TDS said:

I live with my 91 year old grandfather so he can stay in his house.

 

*****.

Do you have 20 k you can spend tomorrow if you needed to without pulling from a 401k?

that's actually super good of you.  i've have 85 year old parents who refuse to leave their home.  i do have 20k i can spend tomorrow if needed.  i've been very lucky with my work, but i think i was more lucky that my dad is an accountant, and he's always taught us how to manage our money.  in my personal life and business life, i have savings accounts set up where i can exists for months if a crisis happen.  i'm wildly paranoid about that stuff.  the money i spend alone on disability is gross.

[AlBUNDY4TDS]

2 minutes ago, teef said:

that's actually super good of you.  i've have 85 year old parents who refuse to leave their home.  i do have 20k i can spend tomorrow if needed.  i've been very lucky with my work, but i think i was more lucky that my dad is an accountant, and he's always taught us how to manage our money.  in my personal life and business life, i have savings accounts set up where i can exists for months if a crisis happen.  i'm wildly paranoid about that stuff.  the money i spend alone on disability is gross.

My mom was a drug addict and me and my sister were on our own since teenagers. And my dad is dead and wasn't in my life.

 

I should be dead or in jail tbh.

 

The fact that I'm arguing with u on the internet is a minor miracle.

[BillsFanNC]

Back to the thread that teef derailed.

 

 

[The Frankish Reich]

58 minutes ago, AlBUNDY4TDS said:

I live with my 91 year old grandfather so he can stay in his house.

It's not easy. I know. But it's worth it.

[AlBUNDY4TDS]

6 minutes ago, The Frankish Reich said:

It's not easy. I know. But it's worth it.

It definitely is! He's the only reason I had a chance in life. Just being around to have coffee in the morning and hear stories about his life is special.

[The Frankish Reich]

14 minutes ago, AlBUNDY4TDS said:

It definitely is! He's the only reason I had a chance in life. Just being around to have coffee in the morning and hear stories about his life is special.

I take care of my similarly aged mother, but only for a few weeks at a time. My siblings help more than me.

I do the George Costanza's father "serenity now!" thing several times a day. But every night I'm thankful that I have that time with her.

[teef]

1 hour ago, AlBUNDY4TDS said:

My mom was a drug addict and me and my sister were on our own since teenagers. And my dad is dead and wasn't in my life.

 

I should be dead or in jail tbh.

 

The fact that I'm arguing with u on the internet is a minor miracle.

jesus man that's hard.  i'm sorry to hear this.  you really are beating the odds.  that's awesome.  

[AlBUNDY4TDS]

7 minutes ago, The Frankish Reich said:

I take care of my similarly aged mother, but only for a few weeks at a time. My siblings help more than me.

I do the George Costanza's father "serenity now!" thing several times a day. But every night I'm thankful that I have that time with her.

I'm the resident IT guy now for my grandparents. Talk about serenity now lol.

[The Frankish Reich]

1 hour ago, AlBUNDY4TDS said:

My mom was a drug addict and me and my sister were on our own since teenagers. And my dad is dead and wasn't in my life.

 

I should be dead or in jail tbh.

 

The fact that I'm arguing with u on the internet is a minor miracle.

Congratulations for making it. I think I mentioned before that I was a teaching assistant as a grad student a lifetime ago. The most involved/best students I had were in a night class with mostly "nontraditional students."

[OrangeBills]

2 hours ago, teef said:

no car loan should be more than 5 years.  you can dictate to the dealer what you want, so there shouldn't be any reason to ever go over...unless you can't afford the car.

 

and how will this news effect you directly.  i'm not saying it's not news but it's of low importance to the daily lives of people  it won't change how you and i live.  on top of that, don't act like an overly concerned citizen.  how many times have i seen you jump into a thread just to state, "who cares".  you don't care about this. 

 

Perhaps you missed the prior 4 year term of President Biden when prices, particularly Auto prices, and rates, the financing part, all skyrocketed like they never have in our Nation’s history.

 

People are desperate to get cars, so they’ll extend out as long as possible to get the monthly payment down to a level they can afford.

 

THIS IS THE BIDEN ADMINISTRATION’S FAULT

[teef]

2 minutes ago, OrangeBills said:

 

Perhaps you missed the prior 4 year term of President Biden when prices, particularly Auto prices, and rates, the financing part, all skyrocketed like they never have in our Nation’s history.

 

People are desperate to get cars, so they’ll extend out as long as possible to get the monthly payment down to a level they can afford.

 

THIS IS THE BIDEN ADMINISTRATION’S FAULT

that administration did us zero favors, but that not the way to right the ship.