KnightontheSun
@KnightontheSun@sh.itjust.works
- Comment on A conundrum 1 week ago:
In a previous life I was a mortgage loan officer at a broker. I bent over backwards helping folks get into those programs whenever possible. I was impressed with how little was needed when everything slotted in place in some cases. Glad it worked for you too!
- Comment on A conundrum 1 week ago:
Speaking to the post, I feel like there is a tipping point between OP and your points and the post is showing that. If you can convince the bank to loan you the money somehow you then start to build more capital which can pull you out of being “poor”. There are many variables and wildly varying degrees of this scenario, but once you start your ownership experience, some people can work it quite hard and build enough capital to own multiple residences and rent them out. (Those already in possession of capital are out of scope of OPs post.)
Rent is paying the landlord for everything every month. No repairs lately? Too bad, you’ll still pay for the possibility. The exchange is that you should never worry about repairs (or taxes) as the landlord handles everything. Once the landlord figures his margins are too tight, they raise the rent. Lots of variables here too and that makes blanket statements about which is better more difficult. I advocate home ownership, but I feel terrible for young people. Runaway greed by those that already had the capital has changed things. The young folks I know that are able to manage it all had help from relatives.
The act of convincing the bank and owning a home is getting more and more difficult. Impossible in many places and improbable in others without Herculean efforts. OPs post expresses this perspective.
- Comment on Gallium 2 months ago:
Technically they made four.
- Comment on Prisoner Swap Frees Americans in Venezuela for Migrants in El Salvador 2 months ago:
"Secretary of State Marco Rubio said in a statement that the 10 U.S. citizens and permanent residents had been arrested and jailed in Venezuela “without proper due process” and called for the “restoration of democracy in Venezuela.”
That’s rich coming from Rubio and this admin.
- Comment on I'm a businessman, I do business 3 months ago:
- Comment on What I Must Yabba Dabba Doo 4 months ago:
“Fred Flintstone is a family man - he works hard and provides a very good living for his wife, Wilma, and daughter, Pebbles. Looking to expand beyond ‘construction’ with a couple of small, side businesses, Fred seeks legal advice from Harvey. The case is seemingly a simple matter until the Feds start questioning the legitimacy of Fred’s business dealings and his possible ties to the Mob.<BR><BR> Harvey, oblivious as always, refuses to see Fred as anything but an honest working stiff, struggling to provide for his family. That is, until he’s made consigliere.”
I loved that episode.
- Comment on Clippy's coming for you 10 months ago:
I see that you too ascribe to the Magic Eightball life philosophy.