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Only morons or money launderers pay full price on these high dollar homes.

Figure 6.5 to start, 25% down, then -.375 to -.50 depending upon relationship discounts, new cash to bank, and auto pay. A 10/1 or 7/1 starts around 6 and is a better way forward. A buyer isn't going to keep an ARM forever so why not start off at a better rate?

Asking to ask as I am truly curious... What are some of the "many reasons" money is being parked?

Yes, partial responsibility lies with the brokerage, but it's the realtors and their clients truly at fault. My guess is if Pinnacle and their agents ever went through a Fair Housing audit, several of their principals and agents would lose their licenses, given 99.99 percent of their client...

It was also a clue on last night's Jeopardy Masters. Odd coincidence.

Hey, at least The Short Fingered Vulgarian didn't re-use this name for the same kind of program: https://en.wikipedia.org/wiki/Operation_Wetback Helps to know your history kids.......

I've had several "students" buy a home in Irvine with all of the down payment coming from the parents back when NINJA (No Income, No Job or Assets) loans were available. The foreign buyers wouldn't default on these loans, but the Americans would often jingle mail the property back to the...

Unless your children want to become fluent in the sciences (engineering, medicine) college is to some extent useless. Success in business is more often a case of "who you know" not "what you know". Transferring in later to a name brand school is easier than being accepted right off the bat. With...

Interesting price history. $5M list to $4.3 sale.

Curious questions.... 1) Harris doesn't have a pardon. Why not ask her under oath who was running the government in 2023-2024 when Corn Pops was incapacitated? 2) Doesn't the White House have a tape recording system any longer like during the Nixon era? I'm sure there has to be some record of...

Why no crack down? Who would profit on it? Buyers? There are already more buyers who don't need any help to buy or sellers having any issues getting their property sold. Morally, yes, there should be an effort to stamp out money laundering, redlining, fair housing issues, birth tourism, and...

That thin green strip is all the backyard you get for $4.5m???

True @someguy, the likelihood of Congress changing both plans is slim, without an R Supermajority. This is a thought exercise at best. The target however isn't 59.5 year olds, but 30-49 year olds who may have significant 401k's that will be taxed at some point, more likely than not, with great...

The 401(k) question was neatly addressed by Hugh Hewitt. Step 1 - Allow all 401(k) holders to convert - at a fixed one time penalty free tax rate - their plan to a Roth. Step 2 - Adjust Roth plans to allow for unlimited contribution limits and tax free withdrawals. Step 3 - The "One Time" tax...

Odd. I had a check the size of a credit card mailed to me for the same settlement.... Paid for 3 Venti Mochas.

I couldn't see within my limited title report access who the buyer is, but if it's a easy to track name, you can find out if there are any connections to the builder. All builders will hold back a few units to sell only to VP/Area Manager and above employees who yes, will flip these out for profit.

08/2024 listing read "A Beautiful Home" - powerful selling. Strange To Have Every Word Of A Three Word Description Capitalized, But There It Is. Priced originally at $4,499,000 it had 1 price reduction, then a second at closing to $4,250,000 4/2025 listing isn't even priced right. 100 Bozeman -...

Wow.... Bought in May 2024 for about $66,000 when Pope Leo was just a Cardinal. Wonder what the eventual Papal Price Premium will end up being. https://www.fastcompany.com/91326862/you-can-buy-the-new-popes-childhood-home-for-199000

Hmm.... Which was a better way to begin 2025 investing? 100% in S&P now down 3% YTD, or 100% in Ferrari (Symbol RACE) which is up 13.8% YTD... quite a ponder.

Most of the 1575 SF is the staircases and landings. These are extraordinarily tight properties. Tour it with the dimensions of a queen sized bed in hand. You can't fit a "real" bed in most of those rooms. Bring along 25lbs of groceries/books/etc to see what trudging up the stairs is like...