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TVOR.. is she under contract yet

do tell


by LOANMAN February 26, 2013 8:12 AM


rumor has it that she 'opted' for the 3 year strike price of $350,000 with a february 2016 expiration date. If the place doesn't hold value, she's walking on it.
by MikeM-NJ February 26, 2013 9:56 AM


Loanman, I thought you were an atheist?

I KNEW you believed!

Admit it Loanman, you bend over buyers everyday at 5 to 1 income to purchase as long as they ratio. There isn't one person here that would follow Turdly's advice.

The American dream is and always will be buying the biggest fanciest house and the most popular expensive car. It is all about monthly payment.

If homes are selling at $115 a square foot, is that a good buy if you think homes will go to $150 a square foot?

If you can buy below $80 a square foot, you should be fine. The turd looks for turd houses and buys and holds or flips them like CA or Sooner.




by the voice of reason February 26, 2013 10:01 AM


People want new. The government new home sale numbers are through the roof. If you started building single story homes or two stories with main floor masters, you will make a fortune the next five years.
by the voice of reason February 26, 2013 10:06 AM



we'll have to wait until 2016 before any possibility of job recovery is addressed. in the meantime, expect rates to slowly climb, while pent up buyer demand grows as a shrinking inventory puts upward pressure on home prices.

we'll need to create a private agency to monitor and fine federal agencies that create housing bubbles based on manipulating housing scarcity



by Dr. Branker February 26, 2013 11:38 AM


turdly followed turdly's advice. I dare say others here have also.
I quit at the height of the game, refused on a moral stand to write those 5 to 1's believed [correctly that houses were going where they did, believe [again correctly that she'll be upside down $50k immediately and stay there or worse for the next 10 years] the market is not done falling and that .001% of people actually make enough money on a house to call it a profit.

We do not have a small dog because it is fashionable.

We did not do the anus bleaching because our favorite TV housewife did.

We did not invest in pets.com because some $20k a year reporter said to.

We do not know one kardashian on sight.

We did not succumb to the stock market because a blonde talking head, who's main goal was to be on TV leading to a pro-athlete husband, said the Market was rising.

We think Buffet and Hunt and whatever other clown you pray to is as relevant to our lives as the Easter Bunny. Actually less because at least the Easter Bunny is a bit relatable.

We do not have a 401k because we just aren't swallowing the only tool they have 'you'll be in a lower tax rate when you retire' You DAMNED well better not be or you failed. THAT'S the fact.


We have according to TVOR, failed miserably.

I have watched almost all of you spend a years net income on some flip scheme or just to keep your job. I have watched veritably 80% of the people that used to be here ignore me when I told them if they invest that years net income, then had seven years of 20% better income than they EVER had in their lives, those seven years do NOTHING but put them EXACTLY where they were before that investment. SEVEN wasted years.

But I failed.
miserably
totally and without recourse or excuse.

My lack of a mortgage, my lack of formal education, my lack of a formal lemming attitude...all failures.

Please by all menas, be all the success you can be...and drag your sister down to it.
by turdly February 26, 2013 12:21 PM


'If homes are selling at $115 a square foot, is that a good buy if you think homes will go to $150 a square foot?'

Yes, that's a plan. It worked so well for the 75% of mortgage holders that are upside down. I don't do investments of any sort becasue 'gut' is where you're the most full of crap.


You have made up in your head that I flip houses.


I own many houses. Each and every one of them is a home, is not for sale and will not be for sale unless we just give up on the area for some reason.
They are all owned free and clear, never had a mortgage on them and are not used as a tax break. Not one of them is counted as an asset and EVERY single of them was purchased with the KNOWLEDGE that we will lose $100k on it if we're lucky PLUS the upgrades [which are considerable in some instances. Look up the granite they call 'Volcano' and then imagine a BOAT load of it]. We bought a $500k home recently. That money is just GONE to me. The upgrade money is just GONE. You play the '$15k invested in a bathroom makes for a $30k return bullshit all you want.

The fucking you're about to give your sister is incestual. There isn't a spych101 student or greater that would dispute this.

I have no investments, my money is warehoused in FDIC cd's. I have never ever ever alluded to flipping, never said I did flipping, never mentioned a profit on any house ever.

Absolutely...100%...crap you made up in your head.
by turdly February 26, 2013 12:30 PM


People buy payment. That's all that matters. Value doesn't matter. If you can have a big ass house for $2000 a month and rent for a 2 bedroom apartment is $1500, buy the dream.

If the government wants to be in the upside down loan business, they should reinvent the 203k loan. A lot of existing homes are crap and the sellers want a lot of money for crap. Or are those houses turds?
by the voice of reason February 26, 2013 12:35 PM


When you buy a house, you look for certain characteristics.

Sooner and CA do the same. What makes the turd so special?
by the voice of reason February 26, 2013 12:39 PM


$500 a month over ten years, -the inevitable upgrades and big screens and 5 extra rooms of furniture required=
$100k+ in hand if you rented. That's INDISPUTABLE.

Ten years in to the home, the inevitable upgrades, the taxes cancelling out the interest savings AND adding $10,000+ to the debt, and the potential for any number of things, the realtor to pay to get rid of it, fees,landscaping, $30 monthly to the gardener....

If the property goes to the $150 you stupidly [again based on 75% of the upside down fucks who thought like you]

She'll pull virtually nothing from the home, be tied down so no better job can be had in any other area [or you'll have to add commute costs of many miles a day].

Again, .001% of people actually make money on a house.

You listen too much to people that say they own a $500k home, that will actually sell for $400k...they owe 560k on it...yet YOU hear they own a $500k house.

You need to grow the fuck up in our business. I have NEVER seen anyone show their ass on here as bad as you are showing yours regarding your sisters purchase.

Denied that stairs make a two story.
decided that it'll sell to an older couple who do not want a two story.

Justified the abject unjustifiable.

Showed no knowledge of xcurrent [the last 10 years] of how housing actually works.

Have a plan for your sister that hasn't worked [and didn't then either but it's as close as I could come to your plan vs reality]. since loans were assumable back int e 70's.
by turdly February 26, 2013 12:50 PM


The only difference in turd and the sister is you are consciously competent of the loss you will take. Some people want the perfect home with no hassle from the beginning. Some people don't want to make things new.

Every decision comes with a price. If real estate is you retirement portfolio, then you understand that things break and houses cost money. You understand that your investments have a fixed annual cost which is offset by income that you assume you shall receive from the renter. You are no different than the sister. She assumes she will have her job for ten years and she is buying at a good price right now.

Another atheist with a belief system! Imagine that!
The thing about your belief system is that you are right and the rest of the world is wrong. Everyone is entitled to their own philosophy. In the end you go in the ground broke just like the sister will.

So you pay cash for evey property you buy. If you own real estate as you say and you know the values will go down and you don't care, then why do you care about the sister who buys a payment? Or CA who buys for cash flow or Sooner for the flip?

And what do you mean by giving up on the area? You cash out and leave the community holding the loss?

But I am probably just making shit up.
by the voice of reason February 26, 2013 1:02 PM


I'm going outside now and restain a $12,000 gazebo that adds ZERO value to our property.

As your sister shows such restraint as to do 5 to 1 because she just goddamn deserves it, I can assume that she also has the restraint to NEVER add a $12,000 item that will possibly even be a detriment instead of an asset.

Let's add that $12k to her wonderful $115sf to $150sf you made up in your head.

I think, just this moment, that I have indeed found the answer to your stupid;
It is logical to assume TVOR is a renter and therefore has no knowledge of what it takes to keep a home, to personalize a home and to do upgrades for your own pleasure... the standard $500 or so a month a new owner will spend for a few years, then the $300 casual costs per month, because he has never so much as spent $350 on paint to do a wall and did the labor himself.

It is blatantly obvious now. No shame in renting, but it is the only thing that explains the incredible ignorance.





by turdly February 26, 2013 1:04 PM


. If real estate is you retirement portfolio, then you understand that things break and houses cost money.
...You cash out and leave the community holding the loss?




Your lack of comprehension is allowing me to dismiss this right here right now.
by turdly February 26, 2013 1:07 PM


It's easy for you to dismiss becuase I see right through your justification that you are perfect and everyone else isn't. It is what a turd does to feel superior.

The inherent problem with housing is a home is a place to live and build your life. A primary residence. Owner occupied. It is the American dream. New is what people want. They don't want that short sale and the hassle of repairing damaged goods.

People like you prey on those that fail. You don't buy a home if you do not see value and a rate of return. Then there are the speculators that buy and risk it for their bisquit. Stop pretending you are smart and I am the turd. Everyone takes risk when they buy a home. Some pay too much for what they want, some think they get a good deal but the location sucks, and some buy on speculation but lose.


What do you do to make the homes you buy better for the community? People today buy payment. The government is betting on it to get the economy going. You either believe or you don't. You make this about poor decision making but hey, the sister has a job, debt ratios, and lives in her home, makes friends, becomes part of the community, and pays as agreed.

What is wrong with that?


Oh by the way, I will gladly send you the single story plan with the bonus room so you understand. If the builder calls it a single story, it is what they say it is, not what you think it is or what I think it is.


by the voice of reason February 26, 2013 1:27 PM


One man's loss is another man's gain.

You should be happy that most people are like my sister. If they fail, it provides you opportunity. If everyone thought like the turd, there would be no opportunity for your financial gain.




by the voice of reason February 26, 2013 1:32 PM


If someone buys new, what is there left to do? She gets her window coverings, plants a few trees, buys some paint to personalize a room, but everything is new and under warranty for several years.

The occasional toilet leak or faucet repair may arise, but this is how most buyers today think and want. No hassle living.

Maintenance free. And I have owned many homes and have done all the repairs that you say I have not done.

So what price per square foot is a good buy in your mind? Is the $200 a square foot existing ranch home 30 minutes from the ocean a better buy than the $100 square foot new home in the Southeast?
by the voice of reason February 26, 2013 1:38 PM


Your lack of comprehension is allowing me to dismiss this right here right now.
by turdly February 26, 2013 1:07 PM



It's like talking to a barking dog....
by turdly February 26, 2013 1:53 PM


"Again, .001% of people actually make money on a house.

by turdly February 26, 2013 12:50 PM



You can say things again and again, that doesn't actually make them true...
by InnerChild February 26, 2013 2:37 PM


We bought a $500k home recently. That money is just GONE to me. The upgrade money is just GONE.

So WHY did you buy it great turd?

I can handle your shit Turdly. But if you dish it out, expect to get some turds back!

Again, we all go into the ground broke, so why do you play the game? Is it for the kill? Is it for the glory of saying you are a bigger turd than me?

Why is the decison of my sister to leverage to buy any different than you taking your cash that you just admitted is gone the moment you spend it?

You lose, you say she loses, so what's the difference?
by the voice of reason February 26, 2013 3:48 PM


You can make some money on this house if you wait for the Titans to sign some players

Click Here

Foreclosure: $1,365,000
Foreclosure Est: $1,580,277
ZestimateŽ: $2,052,309
Tax appraised at 2.135M

There are move in ready discount deals from 100K to millions.

Everyone of the friends I find owner occupied houses for make a ton of money on the house. We have 52 foreclosures in our MLS system today over 200K. That's 52 money making opportunities today for anyone buying a house in our area.

Money is made on the buy not the sale. Just a matter of time
by Concerned American February 26, 2013 4:12 PM


kind of hard listening to the endless lecture on 'fiscal prudence' knowing that you blew $100,000 on a bet pegged to the price direction of oil,at the exact wrong time in the cycle.
'just saying'
by MikeM-NJ February 26, 2013 4:17 PM


75% underwater.
Every new purchase underwater if they put less than 10% down
one in eight behind on the mortgage
taxes
upkeep
future losses
insurance
interst paid is three times the value of the home historically. 10 times the equity iif you leave within 8 years of purchase and put 10% down. Round numbers+- but you get it.


Consumers can lie to themselves all they like.
Collecting $900 rent on a 246k mortgage is not making money.

Paying $900 rent to a person with a $2500 mortgage is making money. Yes, there are some people STILL hanging in their becasue of a sense of self and value and obligation.

VAST developments that never installed a single home where 1200 should be.
Detroit.


Get real, go deep, tell me the percentage, after 47% federal taxes and 8% state taxes, how many people% netted a profit on a house.
Adjust the tax load as you like, but realize it.

I mean, you are all titans of industry so that 47%+- tax bracket must be yours....
by turdly February 26, 2013 4:18 PM


Turdly,

What you advocate would greatly increase the rental market. Pushing up rental prices and making home ownership look more appealing. Those cost you mention regarding owning are a fact. There is no landlord to call if the water heater goes out. Let's also remember that the landlord most likely is looking to make a profit and you pay for all his little expenses through your rent.

I couldn't rent a place as nice as I am in now for less than my mortgage payment. There is long term benefit to buying.

Just don't treat I like it is a savings account. And you will be better off.
by YATI February 26, 2013 4:21 PM


TVOR

yes, even aethiest have beliefs, they just aren't based in a diety and such...


Turdly

thanks for telling why you didn't have your anus bleached

butt what we really want to know is.. then WHY did you...
by LOANMAN February 26, 2013 4:28 PM


It was my only investment ever and was not exactly what you think it was.

It's a defunct oil storage south of Corpus Christi that is not worth the effort to extract the sludge until prices hit a certain level. I'll have to pay 2% on it in taxes for a while. 10 years will require a 20% profit and not counting the interest I would have made in the bank. It was as much to bail out a friend [the guy I bought the gattling gun for as a gift] as it was an investment. I do not see it as an investment I see it as $100k lost, as I did[or should have said] in the original post. It has the chance to be found again, but it is lost. He buys it back, I'm even. He does not and I'm even or at a loss, either way it's been 100% DENIED as an asset. To break my tax load it'll have to meet a 50% or greater profit for me to break even. If it takes 10 years it will require a 70% profit and the 2% I would make in the bank for another 20%, that's 90% profit to actually lose money. THAT'S how I look at investments.

Percentage of income wise it is similar to someone hocking the neighbors lawnmower for them, the neighbor never coming to get it, and selling it eventually. You can decide if you made 300% by selling it for $75, or if it was a loss. Some of you will brag of the 300% you made on the lawnmower/silver, without ever mentioning the small impractical nature of it all. Some of you will not mention it, some of you will be a dude and give the hocker your profit 'cause he needs it.


I bought the houses to live in, nothing more. The loss is mine to bear, I realize the loss and am ok with it. I did not leverage five to one against a job, and the pretend/potential income or the robustness of the market. Similar to any one of you buying a Nintendo or a 75 Camaro [what a sled] or some other joyous toy.

You know damn well you'll have $18k in to that $7500 Camaro...you do it anyway. You know damn well you'll have $1500 in to that Nintendo and it'll sell for $100 when antiquated, you do it anyway.

Financial prudence is excercised in percentages of income, not in dollars.

PERCENTAGE OF INCOME IS THE ARGUMENT. IF YOU LEVERAGE IT IS SOLELY TO TAKE DOWN OTHERS BEFORE YOU, SPREAD YOUR LIABILITY TO OTHERS NOT SO INTERESTED IN YOUR LITTLE KINGDOM AND BASICALLY BE A TURD IF YOU DO NOT PAY.
by turdly February 26, 2013 4:35 PM


As a counter to Yati.

$340k mortgaged houses rent for $900 in many places. Not everywhere, but I firmly believe that for every imaginary gain there are 10 actual losses.

If I believed it was viable, I'd own a dozen rentals. The only people I know who were doing that now have a schlub job and no houses.

Many are living in their 'model' home.
I guess I run in different circles than you guys.

I am not only less relevant every day but current trends of record high foreclosures and joblessness seem to be prooving me wrong and the flippers correct.
by turdly February 26, 2013 4:39 PM


OK!

Why I had my anus bleached;


















The dark walls made it hard to read when I had my head up there.

The Jennifer Tilly White I went with really brightens up the place.
by turdly February 26, 2013 4:41 PM


PERCENTAGE OF INCOME IS THE ARGUMENT. IF YOU LEVERAGE IT IS SOLELY TO TAKE DOWN OTHERS BEFORE YOU, SPREAD YOUR LIABILITY TO OTHERS NOT SO INTERESTED IN YOUR LITTLE KINGDOM AND BASICALLY BE A TURD IF YOU DO NOT PAY.
by turdly February 26, 2013 4:35

Percentage of income? Are you saying a 38% back end ratio is too high?

I will bet you EVERYONE on the vine RIGHT NOW is participating in the securitization of a home with debt ratios greater than 38% DTI. And that INCLUDES YATI!

I personally choose not to participate in HARP2 loans greater than 95% LTV. But along comes my sister wanting to buy a home with 5% down, no other debts, cash in reserves, and you say NO.

So Turd is on record saying no one should buy a house or a car unless they have cash.
And if you buy a car and soup it up, you are throwing your money away?

I guess we may as well shut down all M.I. companies. All those people investing millions in the mortgage insurance world must be terrible at risk mitigation.

I will say it again. The government has rates low because people are buying a monthly payment. Everyone wants new.
Rent on a two bedroom apartment is around $1500 a month and you can get new for $2000 month with a lot more space in many markets.

And it is a 30 year fixed mortgage. Not an ARM or a Neg Am loan. Fixed.

And who said she won't pay?

If you had cash to pay for the property turdly, why not get a loan and use the leverage and take advantage of the tax benefits?
by the voice of reason February 26, 2013 5:00 PM


I'm going to play along with this although you are still a barking dog.


Show me how taking a loan at 4% [or you name the percentage]just so I can take a miniscule tax credit toward the interest I would not have to pay had I not taken the loan is viable?

Do the math on a $300k house for me at 4% interest.


'I personally choose not to participate in HARP2 loans greater than 95% LTV.'
Then you and I are of similar mind on this.
There are some things that are societally wrong and designed soley to keep the churn going.

'I will bet you EVERYONE on the vine RIGHT NOW is participating in the securitization of a home with debt ratios greater than 38% DTI.'
With the time-in-grade that we all claim to have, and the unlimited greatOZ view of finances; that would make each and every one of you a failure. Unless the plan is to always have a mortgage because you're just that damn stupid.

'So Turd is on record saying no one should buy a house or a car unless they have cash.'
That isn't much like I said. I said a 5:1 ratio was usary on the borrowers part and historically doomed to fail unless the percentage of disposable was so enormaous as to make debt ratios in the teens.

' The government has rates low because people are buying a monthly payment.'

The rates are artificially low so the house value stays artificially high so that the churn will work. Raise % to normal and this artificial value gets cut in half. Cut the value in half and, since we have made walking fun, guess what happens?

'And who said she won't pay?'
Currently [and please get the exact number if you need it] 1:12 houses are behind on a payment. Right now people entrenched in jobs are losing them at record levels. Right now automation is eating up thousands of jobs a day. The chances of her failing in the future are at the highest ever in our entire evolution, I don't think the black plague had as big of a financial impact as to unpaid debt as we are going through right now.

A president you potty mouth, a congress you potty mouth, banks you potty mouth, record foreclosures, record BK's, record unemployment, and yet you still believe that buying a house with a lousy 5% down is a enthralling idea.

Once again, so as not to confuse me with a 5% beggar;
I paid cash for the houses becasue they are not investments, they are a small percentage of my income/savings. I did not beg the bank for a place to live becasue I had the minor tenacity to to save a small percentage of one years income and believe I am now superman for doing it and that I deserve a home woth 20 times my investment.

Would you buy a company at 20 times earnings? you're asking the bank to do far more than that.

And to finally address your two story lie. You said, in almost these exact words 'a nice older couple will want a single story ranch so they do not have to deal with stairs'.
Bite me. Fabricator and justifier and manipulator.






by turdly February 26, 2013 5:21 PM


75% underwater.
Every new purchase underwater if they put less than 10% down
one in eight behind on the mortgage
taxes
upkeep
future losses
insurance
interst paid is three times the value of the home historically. 10 times the equity iif you leave within 8 years of purchase and put 10% down. Round numbers+- but you get it.

ABSOLUTE HORSESHIT. Maybe every NEW CONSTRUCTION PURCHASE this may be somewhat correct buy absoilutely not true for EXISTING HOMES in a buyer's market.

What if you had a price in mind where all your numbers work for you. Then instead of you putting money down you called an agent/investor like me and we were able to get it under contract for 10% less than the price where you are comfortable with your numbers?

Would you still need put money down?? Fuck no because the numbers are the same.


Click Here

This foreclosure is move in ready. Look at the pictures. Tax appraised at 319K. As-Is value is approximately 275K Last sold for 326K in 06. Hendersonville maybe depreciated 5% and our greater Nashville area prices are back to pre-collapse 3006 levels by the way. Just saw the marketing price data yesterday. We are now pushing our prices back up.

But anyway no way is a person upside on the purchase of this home which I would offer at 225K figuring all your maintenance crap.

Want a lower range??

Click Here

Listed at 130K Tax appraised at 165K and last sold for 172K in 06. My suggested bid price would be 125K Again look at the pictures...it is move in ready. Any buyer who gets this house will have INSTANT EQUITY and will not be upside down in the house ever (unless they refi and cashout)

And again why would anyone need a downpayment buying homes like these. And with the number of short sales and foreclosures nationwide there are everywhere in every city.

If a friend came to me in either price range these are the type of houses I would be pushing them to buy. It's a buyers market and by definition that means no one should be paying full market value on any property.

Your point of a homeowner being upside down without a downpayment is only valid on those stupid enough to purchase new construction or purchase at full market value in a buyer's market where sellers have to discount to sell period. The market is stabilizing so discounts are shrinking on traditional retail sales but foreclosures and short sales aren't going anywhere. If his sister buys the right way, the smart way..the downpayment is IRRELEVANT. Whatever price meets your guidelines find a house like those above and render your downpayment a FINANCIAL NON FACTOR

Case closed plain and simple.
by Concerned American February 26, 2013 6:24 PM


The game is what you buy and how much you buy it for not whether one can save up for a downpayment. None of my clients need to worry about a downpayment because whatever price they tell me fits their budget I can a find a house with instant equity potential for way more the 10% less than 10% than what they were looking to spend where they were comfortable.

And doing that...viola...I tell them your downpayment you thought you needed is NOW IRRELEVANT because of your buy price and position in your newly bought at a helluva discount price
by Concerned American February 26, 2013 6:29 PM


Maybe every NEW CONSTRUCTION PURCHASE this may be somewhat correct...
You silly turd. She is buying new construction TVirrational is advocating a new purchase over a foreclosure as some sort of fucking backward magic.

I would NEVER EVER buy a new home when a foreclosure that is either in move in shape or could be is available for considerably less.

I have never been so self-involved as to have the pick of three types of Corian make me think my fucking new box in a new box neighborhood is now custom. No one of any avail does. Except for TVOR.

They need downpayment so that they have skin in the game. While you have a plan and I have a plan and they are very different plans; Joe goddamn stupid lunchbox with his 5% down has only the plan of his 2 year job somehow magically keeping him in his 40 year mortgage with no other outlay or lifechanging involvements.

First time buyers need to put 20% down or they can kiss my ass. Even at that in this market I would require a cosigner.
If it were your money would you loan some stupid ass 23year old 105% of value in this market to garner a lousy 4%?

This is a 'you all' situation. Like it or not CA and I are pretty much on the same page [in a slightly different language] on this one.

Screw his stupid sister, screw his stupid jsutifications. A mediocre job and a shameable 5% downpayment get you the RentalGuide as far as I am concerned.

If she is such a great deal, Why hasn't TVOR stepped up to finance her himself? Broke much?
by turdly February 26, 2013 6:42 PM


Why doesn't TVOR finance his sister from his own funds?
by turdly February 26, 2013 6:47 PM


Why doesn't TVOR finance his sister from his own funds?
by turdly February 26, 2013 6:47 PM


Why doesn't TVOR finance his sister from his own funds?
by turdly February 26, 2013 6:47 PM


Why doesn't TVOR finance his sister from his own funds?
by turdly February 26, 2013 6:48 PM


100% without a doubt;

He doesn't think she's good for it.
There can be no other reason for this captain of industry to deny such a finely composed and worthy deal that represents surety of future income, a fair and comparatively generous interest payment, and all that 5% down.


Answer it fool.

We are at the depth I let you dig.


by turdly February 26, 2013 6:52 PM


That's for you Franny. I know you like it when I make them dig and bury themselves.
by turdly February 26, 2013 7:08 PM


They need downpayment so that they have skin in the game


THE POINT IS YOU DON'T NEED SKIN IN THE GAME IF YOU BUY RIGHT PERIOD.

And just for your knowledge just saw on our news yesterday that my city where his sister is moving had the 7th largest rental rate increase last year. Our rent prices have grown a great deal.

In many markets and especially my market the it's cheaper to rent practice has gone away. It is financially smarter to buy with 5% down than to rent. With rentals you have no skin in the game at all.

Why doesn't TVOR finance his sister from his own funds?
by turdly February 26, 2013 6:48 PM

Because .0001% of our population have the ability to self fund a home purchase. They borrow as much as they can too...and they get foreclosed too if their job situation takes a hit. Did you see that 1.3M foreclosure home link above??

Michael Jordan, LeBron James Peyton Manning etc have as little skin in the game as possible I would imagine.

It's the American way
by Concerned American February 26, 2013 7:24 PM


Who said I was a captain of industry? I'm a deadbeat has been loan officer.

So what was the question? Sorry I was connecting with CA offline. Cool dude.

Why would I use my money to finance a deal when lenders who examine the C's of lending provide the cheap money?


by the voice of reason February 26, 2013 7:26 PM


Hey CA

I saw an article that Vince Young was in court saying he didn't sign those loan documents! Maybe I should buy his house!
by the voice of reason February 26, 2013 7:39 PM


So your brilliant understanding of our business left you an utter failure?


by turdly February 26, 2013 7:40 PM


turdly, are you making shit up?

Currently [and please get the exact number if you need it] 1:12 houses are behind on a payment. Right now people entrenched in jobs are losing them at record levels. Right now automation is eating up thousands of jobs a day. The chances of her failing in the future are at the highest ever in our entire evolution, I don't think the black plague had as big of a financial impact as to unpaid debt as we are going through right now.


Your lack of comprehension is allowing me to dismiss this right here right now.


Turdly listening to FOX news and all the doom and gloom? Have you looked at job boards lately? 1 million people a month are leaving the work force and retiring.

50 million lazy asses on government food stamps because they pay more than $8 an hour to sit on your ass!

Who said I had a brilliant understanding of our business?


by the voice of reason February 26, 2013 8:16 PM


I would NEVER EVER buy a new home when a foreclosure that is either in move in shape or could be is available for considerably less.


Where? Does location matter? If there are ZERO foreclosures where you want to buy, then what? If it is a SELLERS market, then what? If RENT is HIGHER than what you can build a brand new home at retail for, then what?
by the voice of reason February 26, 2013 8:20 PM


No one has ever said you have a brilliant understanding except you and your dismissal of a dozen+- people telling you your sister is about to fuck up because of you.
by turdly February 26, 2013 8:21 PM


And to finally address your two story lie. You said, in almost these exact words 'a nice older couple will want a single story ranch so they do not have to deal with stairs'.
Bite me. Fabricator and justifier and manipulator.




Single story ranch with an optional bonus room. Did you miss that? Bedrooms down. No reason to go upstairs later in life. Most homes around here have all bedrooms upstairs. The trend is main floor master single stories with bonus room upstairs.
The builders call it a single story home.
by the voice of reason February 26, 2013 8:24 PM


We now know of your financial failures your inability to learn based on expert opinion of others...









And your housekeeping skills.

Hoard much?
by turdly February 26, 2013 8:28 PM


Well if she messes up I guess it will be with the other two to three people a week deciding to build due to no existing inventory and expensive existing crap for sale. Every existing home we looked at needs $50k minimum in updates and you can buy new for a little more without the hassle of remodeling.
by the voice of reason February 26, 2013 8:28 PM


yes, I hoard. I collect Archie comic books. And save every mortgage article ever written. I also have some of those toy cars that Carquest gave away every year. And don't forget the gun collection.

I will never forget one loan appointment years ago. They were the ultimate hoarders. They had to move a pile of papers for me to sit down and another pile to put my papers on the coffee table. Looking for paystubs in the kitchen under mounds of paper. It was unbelieveable. But I walked out with everything I needed to get their loan approved.
by the voice of reason February 26, 2013 8:34 PM


I went with a friend to sign a loan.
Grandpa was chained to a bed in the basement because of alzheimers. Never did a hoarder but I did one that the carpet cracked from cat urine and one where the guy had a working urinal In the living room within view of the tv.

I can't decide if he's a hero or a zero.
by turdly February 26, 2013 8:42 PM


I was getting out of the car tonite after talking to CA and there was a raccoon looking at me about 30 feet away. One client used to feed the raccoons. They lived outside of Denver in Conifer. They put the dog food out at sunset. I was filling out paperwork and looked up 5 minutes later and there were 15 raccoons. All different sizes. Damn things were everywhere.
by the voice of reason February 26, 2013 8:54 PM



"working urinal In the living room within view of the tv.

I can't decide if he's a hero or a zero."

dude probably had a prostate problem ala Joe Theisman, before the suoer beta thing he's hawking on the boobtube.
no excuse for it whatever, lazy prick.
by MikeM-NJ February 27, 2013 9:36 AM


TVOR,

They used to call those Story and a halfs.
by YATI February 27, 2013 9:53 AM


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