Search results

First I thought they are paying me $10 to sign up and I thought I was going to pass. After reading carefully, my response is "I'd rather drop a $10 bill intentionally in a WBTC parking lot..."

You are right. It is not quite the same asset class comparison. Merely the two most common investment choices available to us small fish. It does have an interesting tradeoff though. High volatility no leverage asset class vs low volatility 4x leverage. If we compare real estate to leveraged...

No it does not. In 2000, both Jane and Joe had $20k each to invest. Jane bought a house with 20k down pmt and 80 k loan. Joe put 20k in stock market and rented the house from Jane. Over 20 years, the rent collected more or less paid for the interest, taxes, repairs etc making Jane breakeven...

Just read somewhere that Home price index was 100 in Year 2000, and it stands at 225 as of now. That would mean a  US home (sample) purchased in 2000 for $100k would be worth $225k today. If a borrower put 20k down, and 80k loan, that 20k is now worth 225k-40k balance on mortgage = 185k. One...

You din't stock up for 10 years worth of TP back in March? Don't tell me that I am the only one that did. :D

Passed on the DCU. Seems legit and they do not have much restrictions on age of vehicle or who can join CU, but the 2% rate is after half point discount they give you when you have entire paycheck direct deposited with them. Going with Cal Coast 1.3% 29-month loan. Will save few $ for masks.

Thanks. Will check DCU out, and report back here. I found 1.3% on refi for a 29-months term, it is tempting. https://www.calcoastcu.org/

Any suggestions on refi rates for auto loans? I have 3.25% on my cars, and would love to lower the borrowing costs if better rates are out there.

You said it right, most people are not seeing the cost-benefit in their favor. Back in March, there were lot of unknowns and we made decisions ranging from complete lockdowns to complete open. Now that we know so much more about the situation, a collective middle of the ground response might be...

When it comes to high-risk lifestyle choices, drugs and alcohol come to mind. More than 67,300 Americans died from drug-involved overdose in 2018, including illicit drugs and prescription opioids. DUI related annual deaths are even smaller number. These choices negatively affect the...

plain sight optics that it. This whole covid-19 is a big wealth shift from have nots to haves. A vast group of of people are losing jobs, businesses, can't make rent and so on...while the other side, smaller group is prospering...white collar job market is hot, real estate booming, stocks...

Spoke to Wells today and not that great rates on Jumbo at the moment. Quoted me 2.875% 7/1ARM with $4k closing costs. Relationship discounts .125% for each $250k  with them, capped at half percent max.

I have played with options a plenty and it is not comparable by any means to real estate. Leveraging is there but with Options you need be right on both direction and timing, extremely hard to achieve consistently. If you buy an option that is five years out and the stock moved in your favor...

Thanks for the insights. Just opened premier acct with them and the rates they quoted on Jumbo seemed decent, but it will be crappy situation if they don't have a good process behind it to close. Will definitely check out wells and chase.

NO biggie. Cost of operating in CA is growing at certain clip. HP is kind of fading company and one could see that they business and profitability may be growing at slower pace. makes business sense to move out and operate more economically. Free up the spot for a company that is up and coming...

Anyone has any experience with HSBC mortgage here? Their rates, fees, efficiency etc. better/worse than others?

For a moment, if we leave the claims of fraud or not aside, is it really unforeseeable that a little bit more people got fed up with the past four years and went out (or mailed out) to vote for the other guy? Farmers that got screwed in the trade war Small business owners that got screwed with...

What is the appeal of 15-year term, besides lower rate?

On a 500k loan, a half percent higher interest on a rental property is $2500 annually. Not worth the headache, jumping through the loops, and lie to lender. If there is a million $ loan on the property, you are rich enough and do not need the creativity around this topic...

Are they playing Puff, Puff, Pass all day in WH? That would be one explanation.. :)