The Inevitable New The Inevitable Trump Mocking Thread

Bruddah IZ said:
What do you mean by own? No mortgage? Every spigot boy should know that the Feds assets were MBS's, lederhosens full of MBS's. But they've been selling those MBS assets off to tighten the money supply which has resulted in rising interest rates. But I know that a good little Spigot boy knows these things.
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You don’t know what “own” means? Why do I have to always explain to you? How come you know so little? When you have the grant deed, you “own” the house. When you have the trust deed, you are the “lender” on the house. It’s not complicated, as I keep trying to explain to you so you can stop being so poor.
 
Bruddah IZ said:
What do you mean by own? No mortgage? Every spigot boy should know that the Feds assets were MBS's, lederhosens full of MBS's. But they've been selling those MBS assets off to tighten the money supply which has resulted in rising interest rates. But I know that a good little Spigot boy knows these things.
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What do I mean by "own?" Come on economical jeanius. It's a three letter word. Did you not know that some "domiciles" come without mortgages? Or that you can pay them off? Or that even if there is a mortgage, if the value of the "domicile" is more than the mortgage and fees, there is a positive value to the domicile?

And the mortgage is immaterial in the example anyway. You think you can tell the judge: "I didn't list the "domicile" as an asset because it has a mortgage." And how did you list the liabilities, my clever lederhosen boi?

Now, where does the Fed get it's ink to print that money you think they print? At the magic fed ink store?

I'm starting to think you know less about spigots than the good-hair guy, who at least is a spigot professional.
 
Bruddah IZ said:
Sounds like a match made in heaven. The bank collects money every month at about 9 times your interest rate of 3.15% according to the amortization schedule for 840k at 3.15% with only 10 years left even gratuitously assuming you were always at 3.15% without refi, which you did for 100k of education. I didn't account for that to show that you're still easily near 30% in interest payments a month! Sounds like your simulation is wreaking of asset-ness.
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Poor thing. Again you have no idea what you’re talking about, lost in complication and missing the forest for the trees. Sounds fancy, though.
 
Friesland said:
What do I mean by "own?" Come on economical jeanius. It's a three letter word. Did you not know that some "domiciles" come without mortgages? Or that you can pay them off? Or that even if there is a mortgage, if the value of the "domicile" is more than the mortgage and fees, there is a positive value to the domicile?

And the mortgage is immaterial in the example anyway. You think you can tell the judge: "I didn't list the "domicile" as an asset because it has a mortgage." And how did you list the liabilities, my clever lederhosen boi?

Now, where does the Fed get it's ink to print that money you think they print? At the magic fed ink store?

I'm starting to think you know less about spigots than the good-hair guy, who at least is a spigot professional.
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I had to ask because most of you think that "the mortgage is immaterial in the example anyway". It's quite material though because without it, we aren't having this conversation. I did know that some domiciles come without mortgages...just like some horses come with a horn on their head. Paying a mortgage off over 30 years is dumb. Ask messy. He didn't get rich by paying off mortgages over thirty years. There has always been positive value to messy's domicile from day one. Just zero net income from that unrealized positive value. The Fed creates ink out of thin air, just like money spigot boy.
 
Bruddah IZ said:
I had to ask because most of you think that "the mortgage is immaterial in the example anyway". It's quite material though because without it, we aren't having this conversation. I did know that some domiciles come without mortgages...just like some horses come with a horn on their head. Paying a mortgage off over 30 years is dumb. Ask messy. He didn't get rich by paying off mortgages over thirty years. There has always been positive value to messy's domicile from day one. Just zero net income from that unrealized positive value. The Fed creates ink out of thin air, just like money spigot boy.
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To me, there are few things worse than being a landlord...some things are more important than “net income.”
 
messy said:
You don’t know what “own” means? Why do I have to always explain to you? How come you know so little? When you have the grant deed, you “own” the house. When you have the trust deed, you are the “lender” on the house. It’s not complicated, as I keep trying to explain to you so you can stop being so poor.
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Why would your lender be poor. You're still paying 27% interest payments a month on the house that you own.
 
Bruddah IZ said:
Why would your lender be poor. You're still paying 27% interest payments a month on the house that you own.
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Because if I laid out big chunks of money at a very low interest rate, I would stay poor. That’s the bank’s problem. I’m just buying a house that grows in value and provides me with housing at a very low interest rate. The bank’s money is too cheap to be a good investment. It’s probably break-even for them because they make money off me in other areas.
 
messy said:
Because if I laid out big chunks of money at a very low interest rate, I would stay poor. That’s the bank’s problem. I’m just buying a house that grows in value and provides me with housing at a very low interest rate. The bank’s money is too cheap to be a good investment. It’s probably break-even for them because they make money off me in other areas.
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Your amortization schedule says otherwise. Like you said. Being a landlord sucks, but that's where you actually own an income producing asset.
 
Bruddah IZ said:
Your amortization schedule says otherwise. Like you said. Being a landlord sucks, but that's where you actually own an income producing asset.
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1. The amortization schedule doesn’t say otherwise. Only you do. 2. My saved rent is my net income. And that’s a lot.
 
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Oh Goodie: FBI Says A Record Number Of Illegal Tried To Purchase Guns This Year
Matt Vespa | @mvespa1 | December 29, 2018


ab4328b1-48ec-4966-88b6-5e603ca50aa7.jpg

There are a variety of factors that can prohibit you from owning firearms. If you’re convicted of a violent crime, like assault, domestic abuse/violence, a dishonorable discharge from the military, or being in this country illegally. That’s the most obvious one, and it also tops the list of the reasons why someone was rejected for a firearms purchase through the National Instant Background Check System. The FBI is reporting that a record number of illegals tired to purchase firearms this year. Over seven million illegals tried to purchase guns. Those who were adjudicated for mental health were the runners up in the prohibited category, with over 5.6 million rejected NICS checks (via Washington Examiner):


The National Instant Criminal Background Check System said that it rejected 7,836,600 planned purchases from “illegal/unlawful alien” as of 2018. And that was at the end of November. Christmas purchases of guns are typically high and were not included.

That number has been increasing in recent years.

[…]

The full list of prohibited categories and NICS catches:

Illegal/unauthorized alien: 7,836,600.

Adjudicated mental health: 5,637,317.

Convicted of a crime punishable by more than one year or a misdemeanor punishable by more than two years: 3,833,213.

State prohibitor: 1,267,285.

Misdemeanor crime of domestic violence conviction: 174,388.

Under indictment: 128,214.

Protection/restraining order for domestic violence: 74,014.

Renounced U.S. citizenship: 46,346.

Unlawful user/addicted to controlled substance: 46,320.

Dishonorable discharge: 16,485.

Fugitive from justice: 1,919.
 
Bruddah IZ said:
I had to ask because most of you think that "the mortgage is immaterial in the example anyway". It's quite material though because without it, we aren't having this conversation. I did know that some domiciles come without mortgages...just like some horses come with a horn on their head. Paying a mortgage off over 30 years is dumb. Ask messy. He didn't get rich by paying off mortgages over thirty years. There has always been positive value to messy's domicile from day one. Just zero net income from that unrealized positive value. The Fed creates ink out of thin air, just like money spigot boy.
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You are more full of BS than our Individual 1 the Con, shoeless lederhosen boi. And for the record, the Fed has no printing press, electronic or otherwise.

And the idea that paying off a mortgage over 30 years is "dumb" means you think our Individual 1 the Con is a bigger moron than even I do, as he carries more mortgage debt than 99% of the humans in existence.

This is a stupid argument. No court in the land would not consider a "domicile" you "own" - even if it's underwater - as an asset (except if it's protected under homestead laws etc. But even then it's considered a protected asset not "not an asset.") Only an economicalish idiot would suggest that.

And borrowing money at 3 to 6% for 30 years to buy a "domicile" has been a fantastic path to financial independence for millions of folks, especially in California... but sure, you keep renting and hoping to scrape together some money for that very expensive health insurance premium...

You really do make me kek. I give you that.
 
Sheriff Joe said:
Oh Goodie: FBI Says A Record Number Of Illegal Tried To Purchase Guns This Year
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There was a VERY important note that was added to the quoted and purposefully misleading article:

“CORRECTION: An earlier version of this story said the numbers were of attempted purchases. The report is of "active records" of those barred. Washington Secrets regrets the error. “
 
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