The Inevitable New The Inevitable Trump Mocking Thread

Friesland said:
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.
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Of course the court considers a house an asset. For the bank. They get paid first like they have been throughout the loan process. Everybody else gets paid next if there are any proceeds after all liabilities have been paid. Kek!
 
espola said:
I didn't want to be that cruel, but if you insist ... OK, you got an F.
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..for Folgers? No thanks. Feel free to divide monthly interest by the total monthly payment in the amortization schedule. You might learn something. I might bump you up to an E for effort.
 
seuss said:
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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I wonder how many were successful? How many illegals attempting are ok with you? If they weren't here we wouldn't even have to talk about it.
Send them all back.
Every last one of the disease ridden, murdering raping, plague on decent society criminals.
 
Bruddah IZ said:
..for Folgers? No thanks. Feel free to divide monthly interest by the total monthly payment in the amortization schedule. You might learn something. I might bump you up to an E for effort.
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You apparently don't know that the words "interest rate" already have mathematical, legal, and accounting meanings to the civilized world.
 
espola said:
You apparently don't know that the words "interest rate" already have mathematical, legal, and accounting meanings to the civilized world.
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Yes they do. Now do the exercise and see how much of your monthly payment goes to interest in an amortization schedule.
 
Bruddah IZ said:
The bank pays you value? Lmao! Put that on your income statement. Kek!
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We can disagree on whether fronting me 80% of my house value, taking 0% of the house’s appreciation and letting me pay off at only 3+ percent over a long time is “paying me value.” My experience suggests that it’s excellent value.
I’m grateful for the opportunity every day and even more so when I sell!
 
Bruddah IZ said:
Yes they do. Now do the exercise and see how much of your monthly payment goes to interest in an amortization schedule.
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Why do you care so much how much of my payments is interest? I get all of the increase in asset value anyway and I deduct the interest, not the principal.
 
Bruddah IZ said:
You apparently don't know that the words "amortization achedule” already have mathematical, legal, and accounting meanings to the civilized world.
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Ya know, home ownership isn’t for everyone. You seem not to like the deal that’s offered by banks (I.e. secured mortgages) as being too good for the bank and, I guess by extension, not good enough for you. So you should avoid it.
 
Bruddah IZ said:
Of course the court considers a house an asset. For the bank. They get paid first like they have been throughout the loan process. Everybody else gets paid next if there are any proceeds after all liabilities have been paid. Kek!
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You're an idiot. I've been executor on estates. One does not list the "domicile" as a bank asset. I've had to sue folks who have used bankruptcy protection. The court does not require the bankrupt protected party to list "domicile" as a "bank asset."

There is "asset" - the "domicile."
And "Liability" - any mortgage/HELOC or other note secured by the "domicile."

But then again, you think the Fed owns a printing press, so, not surprising you don't understand how that works, shoeless lederhosen boi.
 
Friesland said:
You're an idiot. I've been executor on estates. One does not list the "domicile" as a bank asset. I've had to sue folks who have used bankruptcy protection. The court does not require the bankrupt protected party to list "domicile" as a "bank asset."

There is "asset" - the "domicile."
And "Liability" - any mortgage/HELOC or other note secured by the "domicile."

But then again, you think the Fed owns a printing press, so, not surprising you don't understand how that works, shoeless lederhosen boi.
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Poor guy must have tried buying a house once and got “throwed out” by the dastardly bankers! So ever since he thinks the bank owns people’s houses. How’s that dust bowl era treating you, Iz? Not so great, huh?
 
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