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H110Hawk posted:It's only a no no if it's not disclosed to the lender. It's just another signature, set of bank statements, and wire transfer. Don't they make the person who wired you that money sign off saying that it was a gift and not expected to be returned? I've never had to borrow money for a mortgage so I have no idea.
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Jan 24, 2017 03:16
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JohnGalt posted:Don't they make the person who wired you that money sign off saying that it was a gift and not expected to be returned? Only if it's a gift. Otherwise they look at the terms on the loan and count it towards your DTI ratio. I imagine they also put in some paperwork about how the lender (family member) agrees that their loan doesn't create an interest in the property. Unless it does, then it's even more paperwork.
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Jan 24, 2017 03:20
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I have a friend on Facebook who last week posted about being 3 weeks behind on rent and "Haha, just kidding (not really)" asking family for handouts. Today she and her husband are talking about how excited they are for the weather to warm up so they can take their kids out on their boat!
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Jan 24, 2017 03:23
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monster on a stick posted:I'm confused why they are living in Seattle (which is expensive as hell) when both their jobs are on the Eastside, where housing is a hell of a lot cheaper and wouldn't give them the long commute they have right now all the way from Carkeek. Seriously. There are about twenty areas with shorter commutes where you could get a house for $100,000 less that was 50 years newer. Looking at Redfin I don't even see anything in that price range around there, so who knows how much house they actually got. I get that living in ~the city~ is the current hot thing, but I'm having trouble coming up with any reason why living near Carkeek is anything great unless you commute to downtown.
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Jan 24, 2017 07:36
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BWM: stocking up on Bitcoin for the class war. http://www.newyorker.com/magazine/2017/01/30/doomsday-prep-for-the-super-rich
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Jan 24, 2017 14:36
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Nail Rat posted:BWM: stocking up on Bitcoin for the class war. quote:“I think people who are particularly attuned to the levers by which society actually works understand that we are skating on really thin cultural ice right now. 
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Jan 24, 2017 15:02
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At least there are some sensible views in that article.quote:He recalled a dinner in New York City after 9/11 and the bursting of the dot-com bubble: “A group of centi-millionaires and a couple of billionaires were working through end-of-America scenarios and talking about what they’d do. Most said they’ll fire up their planes and take their families to Western ranches or homes in other countries.” One of the guests was skeptical, Dugger said. “He leaned forward and asked, ‘Are you taking your pilot’s family, too?"
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Jan 24, 2017 16:12
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Nail Rat posted:At least there are some sensible views in that article. The pilot accepts his gold coin payment and flies the now-pointless-to-own plane to where ever pilots go. Or the rich guy has a pilot's license and flies his own plane, hopefully not crashing and killing the whole family on the way to their fully stocked bunker. The biggest problem is keeping out the contractors and construction workers who built your Obamabunker for you. A scenario I was happy to see 11 Cloverfield Lane reflect.
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Jan 24, 2017 16:30
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The billionaires should work to support their country, not make up daft schemes about building Fallout-style shelters in the wilderness. If society falls that far, there was probably some sort of large scale nuclear war, and cyanide pills would be the best course of action. More likely, society just gradually fades until we get something that looks a bit like Russia or Mexico. Widespread poverty and misery and suffering, little protection of law, but still lots of nice things in the nice, rich areas, and private armies to protect the rich.
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Jan 24, 2017 16:54
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Either way I can guarantee you in a societal collapse Bitcoin won't help you 
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Jan 24, 2017 17:03
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Bwm: Building a million+ dollar house, and now having to either tear it down or move it, because you ignored building code for a historic district I walk past this monstrosity on a daily basis, and the pictures don't do the lack of setback justice...it is directly on the lot line, and dwarfs everything around it. It's a three block wide park and you can see it on the other side of the park.
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Jan 24, 2017 17:06
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Nail Rat posted:Either way I can guarantee you in a societal collapse Bitcoin won't help you  What do you mean? It'a backed by math, and math won't go away.
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Jan 24, 2017 17:07
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flosofl posted:
Math and IP networks having sufficient hashing power to overcome the Byzantine Generals problem.
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Jan 24, 2017 17:18
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AA is for Quitters posted:Bwm: Building a million+ dollar house, and now having to either tear it down or move it, because you ignored building code for a historic district article posted:“Should you choose to continue to pursue construction at 1323 S. Second Ave., you will be doing so at your own risk as we intend to file legal action and pursue all remedies available at law,” the letter said. Wonderful. These stories are exactly why I come to this thread.
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Jan 24, 2017 17:55
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They should auction off the right to destroy that abomination for charity or something. I want to drive that wrecking ball so badly.
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Jan 24, 2017 19:25
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https://www.reddit.com/r/personalfinance/comments/5pxu68/i_bought_someone_an_rv_in_my_name_options/ posted:Hey PF, so, I kinda did something dumb. I was dating a girl last year and she is a travel nurse and her dream was to have an RV. She wasn't able to purchase one due to school debt (like $60,000). But I was approved instantly. So I goofed and bought this RV (for us).
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Jan 24, 2017 19:41
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Getting a *new* RV out of a guy is impressive. I don't know if that's her first time or if she's an old pro at this sort of thing but mad respect either way.
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Jan 24, 2017 19:44
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His first earning sign should have been that her "dream" was to own an RV.
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Jan 24, 2017 21:11
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AA is for Quitters posted:Bwm: Building a million+ dollar house, and now having to either tear it down or move it, because you ignored building code for a historic district A+++ would schadenfreude again
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Jan 24, 2017 21:14
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Nail Rat posted:BWM: stocking up on Bitcoin for the class war. Ugh ugh ugh ugh ugh. - The author doesn't understand SI units. Even I'm a centi-millionaire, several times over! He meant to say hectomillionaire - All those turbonerds evaluating their survival rates by minmaxing their eyesight and figuring out how many buttcoins they'll need to buy a new mistress are going to get bulldozed under during the first week of the apocalypse by a group of five guys with baseball bats and chains. - The wanker talking about buying real estate "for passive income and to have a place to escape to" is going to find out awfully fast that when the rule of law disappears, so do property records, and property rights get reduced to "who holds it and can keep holding it?" Noodlearms McBanker is going to lose his lots to the aforementioned five guys. - Stay the gently caress out of New Zealand you fuckwits! Go poo poo up somewhere else (like Somalia) with your autist lolbertarian douchenozzlery. Weatherman fucked around with this message at 23:27 on Jan 24, 2017 |
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Jan 24, 2017 23:23
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Thesaurus posted:His first earning sign should have been that her "dream" was to own an RV. Buying an RV so she can drive around the country while she fucks guys in it while he pays for it. Hmm, BWM for him. GWM and Good With Cock for her. Weatherman posted:- Stay the gently caress out of New Zealand you fuckwits! Go poo poo up somewhere else (like Somalia) with your autist lolbertarian douchenozzlery. There's been another discussion going on on another local site where I've pointed out we don't want rich doomsday preppers. We really need immigration laws to protect ourselves from these fuckwits. Devian666 fucked around with this message at 23:26 on Jan 24, 2017 |
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Jan 24, 2017 23:23
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Thesaurus posted:His first earning sign should have been that her "dream" was to own an RV. Incorrect, her dream of RV ownership means that he's halfway to living the dream of having a trans am, case of high life, and a trailer.
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Jan 24, 2017 23:54
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AA is for Quitters posted:Bwm: Building a million+ dollar house, and now having to either tear it down or move it, because you ignored building code for a historic district The city gave approval though right? I can understand their side, although they should have still gotten a lawyer after being threatened with a lawsuit. Maybe they did and the lawyer said "you got approval, go nuts."
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Jan 25, 2017 00:31
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Devian666 posted:There's been another discussion going on on another local site where I've pointed out we don't want rich doomsday preppers. We really need immigration laws to protect ourselves from these fuckwits. Could you like, offer their land and possessions as reparations to any Maori who care to take them?
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Jan 25, 2017 01:42
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potatoducks posted:The city gave approval though right? I can understand their side, although they should have still gotten a lawyer after being threatened with a lawsuit. Maybe they did and the lawyer said "you got approval, go nuts." quote:It wasn’t just the Sapienzas and their contractor who were unaware of the historic building standards. During a trial earlier this year, city staff and members of the Sioux Falls Board of Historic Preservation testified they weren’t aware of the rules. As someone who kinda works in preservation, there is no way that the Board of Historic Preservation was unaware of the National Register standards. Compliance with the national register is the loving reason boards like that exist.
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Jan 25, 2017 01:47
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VideoTapir posted:Could you like, offer their land and possessions as reparations to any Maori who care to take them? By my understanding, that is quite vividly not how NZ rolls.
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Jan 25, 2017 01:56
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Splish posted:As someone who kinda works in preservation, there is no way that the Board of Historic Preservation was unaware of the National Register standards. Compliance with the national register is the loving reason boards like that exist. http://www.siouxfalls.org/mayor/boards-commissions/historic-preservation-bd It doesn't take much to join the board. There is also the fact that the previous home that this one replaced wasn't on the register. This is kinda the rear end end of said historic district (I'm a block away -my house is 30s, a house on one side is 80s, and on the other side the original construction is from the 10s, but it's been renovated a bunch). Plus this town treats historic properties like poo poo. Half the historic homes have been gutted and redone as 4-5 apartments. Mine for example has 2 2bds, our 3bd, and the property managers 3bd apartments, it what was originally a 4 bedroom house. GWM is getting a 3 bedroom for 550/mo. BWM is the landlord not wanting to provide materials to redo the windows with new insulation.
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Jan 25, 2017 02:14
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I think normally historic preservation only applies to the exterior of buildings, so its ok if you do whatever inside as long as it still looks the same (or at least historically appropriate) on the outside. Probably because the task of enforcing how many bedrooms people have is just too much to manage. If I understand it correctly, the problem is that they built so close to a historic house that they actually hosed it up - part of the complaint is that the house was so close, the neighbors were told that they could no longer use their fireplace because it was a fire hazard to the new building. And because its a historic house, they couldn't switch to a gas fireplace - so there was a measurable and definite damage to the neighbors caused by the house. It seems like if they had built further away or something, it wouldn't have kicked off the whole mess? I don't really know what they were thinking anyway. I mean legal issues aside, if you are building a new house and your neighbor threatens to file a lawsuit, maybe you should talk to them and try to work it out? Even if you are in the legal right, starting off by making the people living next to you hate your guts is just going to make your life lovely. Neighbors are often irritating enough without giving them a concrete reason to want to gently caress you.
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Jan 25, 2017 02:31
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VideoTapir posted:Could you like, offer their land and possessions as reparations to any Maori who care to take them? I'm sure a fair deal could be negotiated. Seize the land, declare it Maori Land and donate it to local Iwi (which would gently caress anyone trying to buy the land in the future).
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Jan 25, 2017 02:37
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Ashcans posted:I think normally historic preservation only applies to the exterior of buildings, so its ok if you do whatever inside as long as it still looks the same (or at least historically appropriate) on the outside. Probably because the task of enforcing how many bedrooms people have is just too much to manage. I know some states actually care. Ask my ex BIL who got hit with the hilariously BWM 6 figure fine for putting central air into their old place in NJ. Who got a second fine on top of that one because he thinks he's above pulling permits. Actually he's a great case of BWM. He was working for a pawn shop/tourist trap run by the owner of a former payday loan place. Well, SD voters passed a measure to cap payday loan interest at 36%. So owner took his ball and went home. Everyone in town knew as soon as the measure passed that dude was going to close the place. My ex BIL never bothered to look for another job. He also decided that 900/mo is a good rent to pay with his new girlfriend. You can easily get a *nice* place in town for way less than that. He also was at my work buying a $500 tv the day he lost his job. But can't afford to pay my sister child support. And my sister can't even make enough off the sale of the house to buy a new one because...None of the renovations he did were permitted,and some may not be to code.
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Jan 25, 2017 02:49
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Yeah. This story was billed as "Haha get hosed rich (not really) people" but it doesn't seem nearly that simple in the actual article.
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Jan 25, 2017 02:54
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Ashcans posted:I think normally historic preservation only applies to the exterior of buildings, so its ok if you do whatever inside as long as it still looks the same (or at least historically appropriate) on the outside. Probably because the task of enforcing how many bedrooms people have is just too much to manage. See this is a reason to have an HOA
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Jan 25, 2017 03:23
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I know someone who thought the Social Security Trust Fund invested in the stock market.
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Jan 25, 2017 07:42
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https://www.reddit.com/r/personalfinance/comments/5q1fj4/debt_signed_60000_car_loan_for_my_sister_and_now/ posted:In 2011, when I was young and dumb, my older sister asked me to sign for a car loan for her and her husband for a 2011 Infiniti QX56 totaling about $60,000. At the time, her husband was the sole earner while my sister didn't work for religious reasons even though she has like 2 masters degree. I had pretty good credit while they had very bad credit. At the time, I was saving money along with my then girlfriend to buy a home. I initially turned down the request from my sister but my family pressed me and I stupidly relented and signed the contract which cost me my relationship with my then girlfriend. At the same time, I also signed a contract to rent a home in Texas for them (i lived in DC at the time and now Seattle) because of their bad credit. They kept up with the payments on the car and home until about 19 months ago. Due to financial issues, they started slipping up in their payments eventually leading up to them being evicted (and I only found out about the eviction after the fact due to an alert on my credit report). The landlord sued them (me) and got a default judgment against me for about $5000. In addition, the financial institution I got the car loan for contacted me today trying to repossess the car. My sister and her husband failed to inform me that they were 96 days past due to the tune of $4,000. I had to pay $4000 to have the repossession activity halted. my sister didn't work for religious reasons What religious reasons would make it not OK to work but OK with $60k worth of usury? Also, until they started dropping state names I was sure this was somewhere with rainbow dollars.
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Jan 25, 2017 15:03
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quote:I stupidly relented and signed the contract which cost me my relationship with my then girlfriend. At least one person in this story is good with money. 
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Jan 25, 2017 15:12
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Proposition Castle posted:my sister didn't work for religious reasons The OP posts in r/exchristian so probably what he means is traditional christian woman doesn't work "religion".
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Jan 25, 2017 15:37
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Proposition Castle posted:my sister didn't work for religious reasons Came here to post this. The guy does pretty good financially for himself, so I guess he figured it was worth it to stop the rest of his family pestering him.
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Jan 25, 2017 16:03
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If you co-sign for something and the other party stops making payments can you legally take possession of the thing?
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Jan 25, 2017 16:48
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cowofwar posted:If you co-sign for something and the other party stops making payments can you legally take possession of the thing? In this case, he didn't even cosign, the car is fully in his name. From the comments: reddit guy posted:I actually am the sole signatory. This was not co-signed so I'm up poo poo's creek on my own. I need to produce about $11,000 to sell the car. The car is being valued at like 19/20k with a loan of 29k left.
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Jan 25, 2017 17:28
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cowofwar posted:If you co-sign for something and the other party stops making payments can you legally take possession of the thing? I don't believe so, unless you have a specific contract to that effect.
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Jan 25, 2017 17:30
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