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Animal posted:Are funko pops worthless like Beanie Babies? Like sometimes I despair at how much I’ve spent on wrist watches but I have no debt and I know I could just sell them and get most of the money back. This guy has spent well over twice as much on these things. If he does decide to go All-In BWM and ignore his debt, could the creditors liquidate that doll collection and get even a fraction of what he spent on it? They have value right now. Whether that continues (lol) or whether they suddenly collapse overnight (likely) remains to be seen.
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May 3, 2020 16:19
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ranbo das posted:They have value right now. Whether that continues (lol) or whether they suddenly collapse overnight (likely) remains to be seen. Funko stock is down ~90% from its peak value. It was down around ~78% from peak before the stock market tanked from COVID-19. This may be a rare situation where investing in Pops is a better investment strategy that investing in the company itself.
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May 3, 2020 16:22
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There's a small number of them you could sell for a couple grand. Not that it matters. These people are usually obsessed and they'd stop paying their mortgage before they'd let one of their precious toys go. Living under a bridge, jealously standing guard over plastic bins full of molding funkos.
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May 3, 2020 16:23
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Geez talk about BWM.
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May 3, 2020 16:26
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Animal posted:Geez talk about BWM. Bridges with mold
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May 3, 2020 16:30
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Baubles, Wastefully Moldering.
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May 3, 2020 16:48
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Guest2553 posted:Baubles, Wastefully Moldering. 
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May 3, 2020 18:38
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At the intersection of BWM/GWM I think it's actually an interesting time to make spending decisions because if you're fortunate enough to be making money in this economy there aren't a lot of great places to put it. Treasuries are historically low yield, equity prices are inflated - given that at this second they're trading at historic forward P:E ratios. I would argue that one of the best things you can do is durable personal consumer spending. Furniture is getting extremely cheap, televisions are cheap, cars are going to get cheap, it will be REALLY interesting to see what happens with real estate valuations.
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May 3, 2020 18:58
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The only funko-pop thing I've ever seen that I liked (and I wonder if this would make $$ if you were good at it?) is a guy who does really slick custom paint-jobs / re-sculpts on them. But seeing as the funko company outright stated in some interview that most of their customers [para] "buy just one, and then buy a ton more," I wouldn't dare even buy one.
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May 3, 2020 19:15
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Wicked Them Beats posted:There's a small number of them you could sell for a couple grand. Not that it matters. These people are usually obsessed and they'd stop paying their mortgage before they'd let one of their precious toys go. Living under a bridge, jealously standing guard over plastic bins full of molding funkos. Until the bubble breaks, at least. People did this for beanie babies too (beanie_divorce.jpg). Irrational exuberance breaks people's brains, but once the mania is over people realize it's just cheap
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May 3, 2020 19:31
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Man I didn't think to dig through that guy's post history. From 3 years ago:quote:I just ordered a pretty cheap Conan ghostbusters on eBay ($80) and then I ordered a Wilson Fisk on amazon. I am going to put Conan's head on Wilson Fisk's body. I have never made a custom before. I know how to take the head off (hot water), I was wondering if anyone had any tips on how to get the head back on. Thank you! e: Lol assuming this was one of you: quote:OP have you considered selling your Funko Pop collection to help pay the debt? Just a thought. quote:No. Did consider using the government handout I got like everyone else. Oh wait... I don’t get an extra $600 for unemployment even though I’m working front lines. Oh wait, I didn’t get a 1200 stimulus check even though I’m front lines. Maybe I’ll use government issues hazard pay...oops wrong again. Why didn't he get a stimulus check? If he's married they're well under the household limit. fart barterer fucked around with this message at 21:16 on May 3, 2020 |
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May 3, 2020 20:23
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Buy fewer candles. No.
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May 3, 2020 21:19
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Funkopop candles: they only get scarcer after every use!
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May 3, 2020 21:30
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androo posted:Why didn't he get a stimulus check? If he's married they're well under the household limit. Didn't he say him and his wife are nurse practitioners? They're probably making well above the $150k limit. Depending on field they could be jointly grossing as much as $250k. They aren't actually struggling for cash, he's just mad that he owes $100k that he'd rather spend on toys.
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May 3, 2020 21:57
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Another thing, $100,000 is a lot of student loans for a nurse practitioner. I've known people who borrowed half of that to pay for the entire thing. It seems he finished school recently, and his Funko Pop flex posts are a year old. This guy probably bought a large portion of his $26,000 Funko Pop collection using the student loans he's trying to default on.
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May 3, 2020 21:57
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Wicked Them Beats posted:Didn't he say him and his wife are nurse practitioners? They're probably making well above the $150k limit. Depending on field they could be jointly grossing as much as $250k. Average salary for a General Nurse Practitioner is $107,480 per year. If they are a specialist, then it could be more. The BLS says that the bottom 10% of nurse practitioners have a salary of ~$82k. So, they are definitely above the income limit. The income difference between a nurse and a nurse practitioner is huge. https://www.bls.gov/oes/current/oes291171.htm#nat
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May 3, 2020 22:13
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Animal posted:Another thing, $100,000 is a lot of student loans for a nurse practitioner. I've known people who borrowed half of that to pay for the entire thing. It seems he finished school recently, and his Funko Pop flex posts are a year old. Google says average cost of a NP program is $22.5k. He spent 5x that. Even if we are generous and assume that 100% of living expenses were tied up in that count, it is still a lot. Someone on the last page found a way to get $150k in loans for a TV and Film Studies degree from the University of Vermont and another person managed to spend $250k on a video game design degree. I'm sure it is pretty easy to find a way to spend $100k on a nurse practitioner degree.
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May 3, 2020 22:18
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androo posted:Man I didn't think to dig through that guy's post history. From 3 years ago: The giant balls of this guy to bitch about not getting his "handouts" (because he and his wife make too much money) while trying to weasel out of a student loan debt that, in this case, appears to have actually been worth it...if he didn't already have a long post history I'd swear this was some masterclass stdh.txt trolling but I think this guy is for real.
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May 4, 2020 00:17
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Dik Hz posted:The summation of 30 years of payments isn't a useful number because who knows what $1 will be worth 30 years from now. You can have some confidence that $1 will be worth ~$0.80 6 years from now, though. I guess I don't understand this attitude at all, especially in this thread. Why talk about the price of anything, then, if planning ahead is impossible because wHo kNoWs? If you are buying a $100,000 house, it seems really dishonest to not also consider that you are purchasing an $80,000 mortgage TODAY, so you are committing to a $180,000 purchase right now. Even if you don't pay it off for 30 years, and so (maybe?) it feels like less money in the future than it does right now, that house will still cost you $80k more in today's dollars than if you bought it in cash. We talk about house prices all the time. We always consider car cost plus the financing cost. Yet the second biggest purchase most people will ever make in their lives NOBODY TALKS ABOUT, and people brush me off saying "well that's a useless number".
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May 4, 2020 02:33
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Switchback posted:I guess I don't understand this attitude at all, especially in this thread.
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May 4, 2020 03:49
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Switchback posted:I guess I don't understand this attitude at all, especially in this thread. Mortgage rates have been historically low lately, and home prices have been going up a ton. Mortgage interest is tax-deductible. At the end of a mortgage, you theoretically have an asset that has appreciated a large amount, and a place to live that you only need to pay property tax on. At the end of the average car loans these days (six years) you have an asset that's worth 25% of what you paid for it if you're very lucky, along with likely lower reliability and higher maintenance costs. Car loan interest isn't tax-deductible, and is usually higher than mortgage interest.
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May 4, 2020 05:09
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Switchback posted:I guess I don't understand this attitude at all, especially in this thread. Those same assumptions only knock about 4-5% off the sum total of a 5-year auto note.
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May 4, 2020 10:58
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One of the nurses I work with: "It's so hard to save money now with all of these healthcare worker discounts.  "
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May 4, 2020 12:39
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Thanatosian posted:Mortgage rates have been historically low you theoretically have an asset that has appreciated a large amount, Depending on what you mean by “significantly” (I’m guessing significantly more than inflation) this is a problematic assumption. It’s true in some markets and very much not in others. It’s also pretty unsustainable and there has to be some kind of correction eventually.
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May 4, 2020 13:11
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My wife is a nurse and she's been finding all these 50% offers from places like North Face and such. 8 had her send me what she was looking at buying, and I found a coupon code that got me within a couple bucks if what she got it for. People's brains just go crazy when they think they're getting a special deal. It's just like how all the "normal" prices at Kohl's are inflated to make it seem like your no-name golf shirt at $25 should be compared with a much better quality shirt you know costs 50 or 60 somewhere else.
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May 4, 2020 13:14
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I got a bunch of good deals from J.Crew because J.Crew is about to die. Now I just need malls to open so I can return some of the stuff before J.Crew dies. This is a little different because (as of yet) there's been no credit crunch, but in 2007 when everything started to go to poo poo you could get some insane deals as long as you had money to spend. Considering how the auto market has collapsed I don't see how we're going to avoid another Cash for Clunkers, if only to sell existing stock. So maybe not really good deals there and bye bye the used car market again.
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May 4, 2020 13:27
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Nocheez posted:My wife is a nurse and she's been finding all these 50% offers from places like North Face and such. 8 had her send me what she was looking at buying, and I found a coupon code that got me within a couple bucks if what she got it for. Kohl's entire pricing strategy is illegal in most of Europe and they are the subject of a class action lawsuit regarding their prices in the US that was filled in 2019 and hasn't been resolved yet. Good luck getting any actual changes in policy from the class action lawsuit, though. They'll end up settling at worst and providing a rebate to some people.
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May 4, 2020 14:09
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They will settle it with Kohls cash
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May 4, 2020 14:23
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Still waiting for my loving tunabux
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May 4, 2020 14:46
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androo posted:
I'm catching up on the thread over morning coffee and almost missed this. Their total deposit was $4300, equal to one month's rent, which is standard procedure. The company didn't ask for a higher deposit; his roommates lied to him.
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May 4, 2020 14:55
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Heffer posted:I'm catching up on the thread over morning coffee and almost missed this. Their total deposit was $4300, equal to one month's rent, which is standard procedure. What you're saying is probably true, but some markets are weird as hell. At our last place, the normal deposit was only $250 and they charged $500 because I didn't have a job. The rent was $950. Our current place is only $250 and it's a few hundred more than the last place. I could totally see a rental company doing a small deposit normally but charging a month's rent if someone has derogatory credit or low income.
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May 4, 2020 16:50
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BonerGhost posted:What you're saying is probably true, but some markets are weird as hell. At our last place, the normal deposit was only $250 and they charged $500 because I didn't have a job. The rent was $950. That's pretty cheap. My place had a flat $500 too, which is low for the area. I had the same thought, but 700 x 3 is just about half of the rent, which could be a reasonable and non-arbitrary deposit to ask for if the applicants have decent credit. Either way, the answer to their conundrum is fairly simple assuming they were all equally liable for damages.
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May 4, 2020 16:54
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George H.W. oval office posted:Still waiting for my loving tunabux You're probably SOL then, because they finally sent them out back in September 
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May 4, 2020 17:22
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28 year old single income home owner. Lost my job on Friday. 5.25% interest on mortgage. Seems amazingly high. Can it be lowered without refinancing? https://www.reddit.com/r/personalfinance/comments/gdfkue/28_year_old_single_income_home_owner_lost_my_job/ quote:Fixed 30 year loan. Credit score is 691. Haven’t missed a payment once. House was bought at 129k. San Antonio, Texas. Been on single income the whole time, no roommates. Loan is through Chase bank. Pay off debt or other options? https://www.reddit.com/r/personalfinance/comments/gddpi4/pay_off_debt_or_other_options/ quote:Greetings! Every other post on /r/personalfinance is someone making well into the six figures and being a complete loving idiot about it.
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May 4, 2020 18:33
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androo posted:28 year old single income home owner. Lost my job on Friday. 5.25% interest on mortgage. Seems amazingly high. Can it be lowered without refinancing? I'm mad because 150k as a single person sounds like a ludicrous amount of money already, how the gently caress could you end up in debt and not know how to pay it back with that income. Jesus.
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May 4, 2020 19:43
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You can't out-earn being bad with money. You just up the scale of how bad you are with money. E: first guy doesn't seem too bad with money. Interest rate is a little high but his mortgage is probably like $1,000 a month. He just needs to find another job.
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May 4, 2020 19:47
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SpartanIvy posted:You can't out-earn being bad with money. You just up the scale of how bad you are with money. That's why the high income stories are the best. They have a much larger shovel to dig their hole.
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May 4, 2020 19:52
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Motronic posted:That's why the high income stories are the best. They have a much larger shovel to dig their hole. Plus the schadenfreude is guilt free.
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May 4, 2020 19:58
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SpartanIvy posted:E: first guy doesn't seem too bad with money. Interest rate is a little high but his mortgage is probably like $1,000 a month. He just needs to find another job. Yeah, for me it was just the "can it be lowered without refinancing?" I'm finding a lot of /r/personalfinance is people who've almost come to terms with the hole they're in, but are making one last ditch effort for a get-out-of-jail-free card. $129k at 5.25% is not something that's going to bury them, or be the thing that causes them to lose their house if they can't find a job, so it also just seems like a weird question. OctaMurk posted:I'm mad because 150k as a single person sounds like a ludicrous amount of money already, how the gently caress could you end up in debt and not know how to pay it back with that income. Jesus. Curious where this person lives, too. Working remotely during the quarantine I'm spending about $2k for rent and all expenses in DC. I can't imagine what sort of mortgage/hoa and car knocks that up to $5k. fart barterer fucked around with this message at 20:17 on May 4, 2020 |
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May 4, 2020 20:14
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I’m guessing the 5K “basic necessities” is just “normal monthly expenses if you don’t count things like concerts and vacations”.
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May 4, 2020 21:08
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