Essential Economics for Politicians

messy said:
You people are funny. You don’t know people like me exist. Why wouldn’t you want to see my statement?
Click to expand...
They aren't aware of much, especially things not allowed within the bubble. History befuddleds them and the entire ethos of the American way and that of modern society must be explained to them constantly.
 
nononono said:
Here let's start with the basics :

Purchase price of said house is $ 3,000,000.00
You plopped down $ 1,000,000.00 ....
Financed the bal of $ 2,000,000.00.....

What rate are you at ?
What is your Net Income ?
What is your Gross Income ?
What additional expenses have you " saddled " yourself with ?
( Cars, Planes, Boats..Etc...)
What are your monthly basic living expenses ?
Are you self employed ?
( If so, do you purchase thru an LLC or by " Personal. )
or
Are you employed ?
Are you married ?
Are you claiming your " Spouses " income as additional ?
Do you have savings ?
Do you have kids ?

Hypothetically we will go with the " Low " rate to date of 3.5 %
Financing $ 2,000,000.00 at 3.5 % = $ 70,000.00 annually
With the Principal diminishing each year the amounts change
Now we will assume you do it for 15 years

You state your monthlies are $ 7,500.00
( Is that one House, 2 Houses, 3 Houses, Houses + expenses ? )
You see " Messy " your numbers Just don't add up.....( See Below )
...........................................................................................
What is your " Credit Profile "..?

We will assume it is 720 or above ....

At 15 years your monthly would be $ 14,580.98
Your interest would be $ 573,577.15 @ 15 years
Your total paid would be $ 2,624,577.15

@ 30 your monthly would be $ 9,264.23


You need to explain your " Messy " Math " Messy ".............
I'm being Very Very Polite here " Messy "..........
Click to expand...
nononono said:
Here let's start with the basics :

Purchase price of said house is $ 3,000,000.00
You plopped down $ 1,000,000.00 ....
Financed the bal of $ 2,000,000.00.....

What rate are you at ?
What is your Net Income ?
What is your Gross Income ?
What additional expenses have you " saddled " yourself with ?
( Cars, Planes, Boats..Etc...)
What are your monthly basic living expenses ?
Are you self employed ?
( If so, do you purchase thru an LLC or by " Personal. )
or
Are you employed ?
Are you married ?
Are you claiming your " Spouses " income as additional ?
Do you have savings ?
Do you have kids ?

Hypothetically we will go with the " Low " rate to date of 3.5 %
Financing $ 2,000,000.00 at 3.5 % = $ 70,000.00 annually
With the Principal diminishing each year the amounts change
Now we will assume you do it for 15 years

You state your monthlies are $ 7,500.00
( Is that one House, 2 Houses, 3 Houses, Houses + expenses ? )
You see " Messy " your numbers Just don't add up.....( See Below )
...........................................................................................
What is your " Credit Profile "..?

We will assume it is 720 or above ....

At 15 years your monthly would be $ 14,580.98
Your interest would be $ 573,577.15 @ 15 years
Your total paid would be $ 2,624,577.15

@ 30 your monthly would be $ 9,264.23


You need to explain your " Messy " Math " Messy ".............
I'm being Very Very Polite here " Messy "..........
Click to expand...
I just want to confirm something here, Nono. Are you really suggesting that on a 30-year, fixed mortgage, your monthly payment after 15 years would be different than your monthly payment at year 30? That is exactly what you state above.
You don't know that a 30-year fixed mortgage is 360 monthly payments of THE SAME AMOUNT OF MONEY EACH MONTH? Have you ever bought a house? What a dim bulb you are...
I see why you got a thumbs up from Iz.
You boys need to get out more.
 
nononono said:
Here let's start with the basics :

Purchase price of said house is $ 3,000,000.00
You plopped down $ 1,000,000.00 ....
Financed the bal of $ 2,000,000.00.....

What rate are you at ?
What is your Net Income ?
What is your Gross Income ?
What additional expenses have you " saddled " yourself with ?
( Cars, Planes, Boats..Etc...)
What are your monthly basic living expenses ?
Are you self employed ?
( If so, do you purchase thru an LLC or by " Personal. )
or
Are you employed ?
Are you married ?
Are you claiming your " Spouses " income as additional ?
Do you have savings ?
Do you have kids ?

Hypothetically we will go with the " Low " rate to date of 3.5 %
Financing $ 2,000,000.00 at 3.5 % = $ 70,000.00 annually
With the Principal diminishing each year the amounts change
Now we will assume you do it for 15 years

You state your monthlies are $ 7,500.00
( Is that one House, 2 Houses, 3 Houses, Houses + expenses ? )
You see " Messy " your numbers Just don't add up.....( See Below )
...........................................................................................
What is your " Credit Profile "..?

We will assume it is 720 or above ....

At 15 years your monthly would be $ 14,580.98
Your interest would be $ 573,577.15 @ 15 years
Your total paid would be $ 2,624,577.15

@ 30 your monthly would be $ 9,264.23


You need to explain your " Messy " Math " Messy ".............
I'm being Very Very Polite here " Messy "..........
Click to expand...
Wanna bet? I know I've offered that to you fools before, but no takers.
I will PM you and Iz my mortgage statement and if it says what I say it does, what will you give me? And if it doesn't, what can I give you?
 
Bruddah IZ said:
Go ahead and post your statement. I told you from the beginning that when you said “assume” in your first scenario that we would end up with you spinning like a top.
Click to expand...
Iz, you never answered my simple question?
Should I have bought the house or not? Was thee a better method with which to buy it? That's all I'm asking.
$3m, I elected to put down $1m and finance the other $2m with a traditional mortgage (albeit my super-low rate is only good for 7 years).
What else should I have done?
 
QUOTE="messy, post: 261936, member: 3299"
I just want to confirm something here, Nono. Are you really suggesting that on a 30-year, fixed mortgage, your monthly payment after 15 years would be different than your monthly payment at year 30? That is exactly what you state above.
Nope, you are having serious issues with reading comprehension.

You don't know that a 30-year fixed mortgage is 360 monthly payments of THE SAME AMOUNT OF MONEY EACH MONTH? Have you ever bought a house?
Multiple.
I can see you've never signed a loan doc ever....
You really should have stayed in school.....




What a dim bulb you are...
I see why you got a thumbs up from Iz.
You boys need to get out more.

/QUOTE

You really are an idiot.....
Where did I state " fixed "
Where did I state 30 is different than 15......
Where did I state any of the " Lunacy " you've typed....

QUOTE="messy, post: 261938, member: 3299"
Wanna bet? I know I've offered that to you fools before, but no takers.
I will PM you and Iz my mortgage statement and if it says what I say it does, what will you give me? And if it doesn't, what can I give you?
/QUOTE

I will give you further harassment for lying as I have ....
I want nothing from you....
There is no equity in Cardboard Boxes or run down Motor homes you move daily
to avoid Code Enforcement.....
 
messy said:
Wanna bet? I know I've offered that to you fools before, but no takers.
I will PM you and Iz my mortgage statement and if it says what I say it does, what will you give me? And if it doesn't, what can I give you?
Click to expand...

Make sure when you " PM " BI & I you include your Bank Statement Routing Numbers
and your Loan Doc's complete....
While ur at it......your Social Security Number, a copy of your California DL, a copy of your
Birth Certificate and any other pertinent financial data....

Urine Idiot.
 
nononono said:
Make sure when you " PM " BI & I you include your Bank Statement Routing Numbers
and your Loan Doc's complete....
While ur at it......your Social Security Number, a copy of your California DL, a copy of your
Birth Certificate and any other pertinent financial data....

Urine Idiot.
Click to expand...
I guess you mean “Messy, I am afraid to bet, because I know you’re correct.”
Thank you.
 
messy said:
Iz, you never answered my simple question?
Should I have bought the house or not? Was thee a better method with which to buy it? That's all I'm asking.
$3m, I elected to put down $1m and finance the other $2m with a traditional mortgage (albeit my super-low rate is only good for 7 years).
What else should I have done?
Click to expand...
Lol! What year did you get the loan in your simulation.
 
messy said:
Wanna bet? I know I've offered that to you fools before, but no takers.
I will PM you and Iz my mortgage statement and if it says what I say it does, what will you give me? And if it doesn't, what can I give you?
Click to expand...
Still waiting for your statement.
 
Bruddah IZ said:
messy changed the coffee shop too. He owns a coffee shop too.
Click to expand...
nope I don’t own a coffee shop. But besides my 3 houses I do have an interest in a large house being built in Pasadena. I have to wait until it sells to see if I get my money back though and it’s been 2 years already...gulp. I’m expecting 10% per year yield though.
You’ll have my statement end of week or early next.
 
messy said:
About a year and a half ago. What’s the funny part? That you can’t answer my question? Or you don’t believe me? You have a lot of trouble believing me. Why?
Click to expand...
People see themselves in others. Crooks see crooks, ego maniacs see ego maniacs, liars see liars.
 
messy said:
About a year and a half ago. What’s the funny part? That you can’t answer my question? Or you don’t believe me? You have a lot of trouble believing me. Why?
Click to expand...
I don’t answer questions without key information. One of the ways I would have financed your simulations is through a High Dividend Paying Whole Life Policy.
 
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