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Lockback posted:Yeah, that dude owns. The lendor decided a guy with a 80k job could afford a 1.2 million dollar house and at that point I feel he is morally obligated to take them for a ride. I mis-read that the first time through as well. He *nets* $80k/year on his gross $240k/yr job. Overall GWM unless the lack of clearance means he no longer earns $240k/year.
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Jan 4, 2019 20:07
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 What's the problem?
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Jan 7, 2019 01:06
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Paul ReiserFS posted:How do you option out a $32k Camry Trivially. It's a mid-sized car. toyotausa.com has a bunch of them where once you add in all the taxes and such would easily top that. Especially if it's a hybrid.
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Jan 8, 2019 05:55
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therobit posted:If there are standards at all about who gets a loan and who doesn't, this isn't necessarily true. A good underwriter writes to the product specifications and exercises judgemental underwriting decisions with the portfolio targets in mind. lovely underwriters turn down everything but the slam dunk decisions because they are afraid of a little delinquency, or else approve everything thinking that a bull market will save them. It's possible to underwrite a really risky book with higher delinquency that is balanced lit by higher rates, but if anything that balance can be harder to strike than with more traditional product guidelines. It's rigorous work. A lot of people gently caress that up though, and the result can be companies that go out of business. I'm pretty sure at 1000% interest underwriting is as simple as making sure there is a credit profile they can further add delinquencies to and a valid electronic way to debit money. (The latter is as simple for almost every consumer as "does the electronic deposit go through to start the fuse on the debt bomb.)
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Jan 8, 2019 06:53
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Residency Evil posted:Haha, jesus, for a second there I thought that the guy somehow financed a Camry for $1700/month for 72 months. Did you buy that house or not? I need to know which direction to post about it in here.
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Jan 8, 2019 17:56
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Power of Pecota posted:I'm not going to voluntarily listen to Ben Shapiro say anything, but how in the world do you pitch Bitcoin as a hedge against anything when it's eaten such an insane amount of poo poo in the last year? Do they not even acknowledge it? It's a hedge against capital appreciation.
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Jan 8, 2019 19:40
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Vox Nihili posted:Bad with dignity, maybe. No one is getting scammed here unless he just gives them an address and it happens to be Arby's. This guy sounds like he's way more suave than any of us realize.
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Jan 11, 2019 18:16
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Guest2553 posted:If the bitcoin bird shop was worth one, I want to be a horse daddy That was you? It made my wife and I laugh fairly hard.
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Jan 12, 2019 00:50
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Residency Evil posted:House bought. BWM: not fleecing your Comcast exec previous owner for $15k more.
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Jan 14, 2019 16:21
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Lockback posted:Some Content If this is in the US then he's likely hit the federal rule that transactions in excess of 6 per month in a "savings" account must incur a fee. It was made way back in the day to encourage not tapping into your savings. Super dumb that his bank let him do that but still likely on him.
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Jan 14, 2019 17:08
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Residency Evil posted:Some 20 year old army guy buying a 2005 Maserati with 125k miles on it? Stop I can only get so erect. Military guarantees you will pay your loans as I recall. It's paperwork they hand to your CO once you don't make a payment and it comes straight out of your paycheck. UCS Hellmaker posted:I'm honestly surprised he is being allowed to carry a constant negative balance. It likely goes briefly positive when he gets paid, then it goes negative when he hits the bars. That being said this is amazing. It's so much better in every way than an old (or new) mustang.
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Jan 14, 2019 18:02
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19 o'clock posted:"My son committed fraud by purporting he was older than he actually is - why is he being held accountable?!!?!" I'm with the parents on this one. Paypal is dumb to let him sign up under 18. I don't care that he ~lied on the internet~ to some mega-corp that likes to gently caress over people. Onus is on them to verify ID.
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Jan 17, 2019 19:21
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Baxate posted:How does PayPal get away with not verifying identities anyway? Pretty sure there’s the whole Patriot Act Know Your Customer thing for money laundering Bingo! They're not a bank. They can eat that loss and ban the person from ever having a paypal account. The parents are morons to sign or acknowledge anything other than a dispute with the credit agencies.  Recently they sent out a "warning!!!!!" about not being able to maintain a Paypal balance unless I took action. I wonder what law(suit?) changed that. Turns out if you just don't press anything they automatically sweep money into your bank account now. Sounds like a feature to me. (I have a dedicated checking account for PayPal (plus their payment app Venmo)) If money ever lands in it I sweep it out into a real checking account. Good luck with that whole blood from a stone thing.
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Jan 17, 2019 19:40
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https://www.ndtv.com/world-news/chinese-man-who-sold-kidney-to-buy-iphone-ipad-now-bedridden-1978648 Man/child (17 year old) sells kidney for $4,500 AUD several years ago, buys iPhone 4 and iPad 2 with the money, and now his other kidney has failed. I wouldn't visit the above site without an adblocker, it was bad enough with one.
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Jan 21, 2019 05:08
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Sweet AI / BWM / BMW crossover. Today I channeled my inner Florida Man and drove my Civic with a known dying (6 year old) battery to target. It did not start up for the return trip. AAA jumped me, then when I got home I wisely parked in my BMW. Now I own 3 cars and only 1 is drivable until I get back in a week to replace the battery. It would have been cheaper to not have AAA for the past few years we haven't used it and just walked back into Target to buy a jump pack.
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Jan 21, 2019 21:35
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Adiabatic posted:If you would have bought a manual, it would have been cheaper initially and you could bump start it right now. Buying autos is BWM. I am bad with life can I even bump start my manual BMW E89?
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Jan 21, 2019 22:34
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BWM I am currently taking an Uber in a Lexus going 35 miles for $45. This guy isn't even going to gross $1/mile.
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Jan 22, 2019 00:32
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GoGoGadgetChris posted:Do Uber drivers have any control over the fares they accept or reject? I regularly take a 40 minute, $30 Uber to a casino around here and can't help but wonder WHY they would accept that route. Somewhat, this would have been a good fare for the class I was taking (regular) , but the higher classes (xl, premium) can accept the lower rate fares if they choose to.
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Jan 22, 2019 01:01
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Beverly Cleavage posted:3: soft tops are great, but skin cancer is bad, mmmmkay? Consider a hard top, or maybe a Miata RF. Hat, sun glasses, and broad spectrum sunscreen exist for a reason. I love the look of horror on my dermatologists face when I tell her I drove a convertible to see her. one day I will be putting her kids through private school
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Jan 23, 2019 06:33
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Nocheez posted:Is self-posting not frowned upon in the BWM thread anymore? No one cares about your car. PI is basically self post about your pets. Mine is in the OP.
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Jan 30, 2019 22:10
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Cyrano4747 posted:Um factually wrong? That’s kind of like saying BMW stands for “big motor wagon”   Next Question.
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Feb 1, 2019 20:55
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Miso Beno posted:Wanna buy my E34/S50US touring money pit? This is a trick question right? Can you deliver it in the dead of night so my wife doesn't see it until potentially weeks later?
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Feb 1, 2019 21:57
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Subjunctive posted:In one of the bitcoin threads someone shared a report that value is being moved out of those wallets already. Citation Needed.
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Feb 4, 2019 06:02
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Guest2553 posted:B: Got re-married to a woman he found on AdultFriendFinder Wait I thought that site was entirely a scam with no actual humans on the other end?
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Feb 5, 2019 01:22
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CmdrRiker posted:Isn't the majority of a vehicle's depreciation towards the beginning of the life of the loan and over time the depreciation rate becomes less noticeable on the car's diminishing value? I don't think it's actually that dumb of a move, but it would depend a lot on the vehicle and the market's affect on the depreciation rate. Which makes it even worse for the bank as their asset won't cover the principle on the loan that much faster.
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Feb 5, 2019 18:00
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Phanatic posted:Trying to blackmail the world’s richest man and owner of the Washington Post: BWM. https://medium.com/@jeffreypbezos/no-thank-you-mr-pecker-146e3922310f For those of you wondering. Here's hoping for some supervillian dick pics.
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Feb 8, 2019 18:42
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Duckman2008 posted:Apple Watch for $30 a month for watch plus service. This blew my mind about "smart" watches. I thought they were all just bluetooth to your phone for 100% of their functions. I didn't realize something was up until I went to replace my phone (~31 months ago?) and they were free with purchase of a top end phone. I was really confused until the sales person explained it was $15/month to make the watch work, then the confusion flipped because it was Free*,1,2,§,™ and yet I didn't want it.
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Feb 9, 2019 18:29
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Cyrano4747 posted:Well going back to this: Yeah I had no idea and learned something here. They would not sell it to me without the cellular activation, as the super fine print said it was free with purchase and activation of its own data plan. When asked if it would work without the cellular line they said no, but obviously I would question the sky being blue if AT&T said it was. If it had been truly free I would have taken it just because why not.
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Feb 9, 2019 22:16
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Cyrano4747 posted:He's just a cheaper alcoholic He's a drunker alcoholic! 
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Feb 9, 2019 22:27
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Cacafuego posted:Do rich people - and I’d consider a 30 year old with $422k saved as rich - have the time to look at their money and worry about paying such little amounts of tax (ie $4.2k-$12.6k) when converting, or do they have a “money person” who is feeding them this info? No there is no "money person" feeding them info in most cases. This kid decided to take him lump sum with him by basically strapping it to the roof of his car in a clear plastic box using nothing but twine then stayed the night at the cheapest motel in the bad part of town instead of doing what literally any rational person would do: leave it in usd until he needed it or wire it across for cad using a bank. Hell even a "normal" I don't trust the banks person would have put it in a duffle bag in the trunk and brought it inside the motel. That is some dumb get rich quick level bullshit and I feel literally 0 sympathy for him.
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Feb 10, 2019 18:49
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spwrozek posted:If you put your info into the tax caster app it gives you an old law/new law summary. Despite being very against the law it is quite good for me personally, saving me $3700. What is against the law?
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Feb 11, 2019 23:55
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spwrozek posted:I am personally against it. As in it is bad for America. But it is really good for me financially. Oh you mean you disagree with the law not illegal when you say "against the law."
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Feb 12, 2019 00:50
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spwrozek posted:I was opposed to the passing of the latest tax law. I was also against the law.
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Feb 12, 2019 02:00
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movax posted:Dumbass question being from neither of those states, what is it that fucks those states extra hard? I’ve seen it mentioned before...their already existing high state tax rates? Or just high concentrations of people with big houses? Yes. SALT cap means your 10% income tax and 1% property tax (where a huge concentration of people own at or above the $500k mark) means it's really easy to hit the cap.
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Feb 12, 2019 02:24
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Ooo is BWM going to take a trip through d&d?
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Feb 12, 2019 03:11
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I recently found out a friend who was holding his retirement (401k/IRA) in cash because "a crash was due any moment now, trump and all" , whom I have posted about here, invested a huge (like >50%) amount of it in a single tech stock. While the spin of the roulette wheel happened to land on his number this time I believe I actually had a  reaction when he told me and begged him to sell. I can't wait to find out in a year what super dumb idea he has had since then. Based on the snippets of information he's given me, and his general spending habits, he is simply never going to retire.
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Feb 12, 2019 18:24
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sadus posted:Friend woke up this morning to his vehicle having pennies and quarters supeglued all over the outside including over the door locks. Pieces of paper superglued over the speedometer, and the ignition fully super glued with a broken off bobbie pin in it. There is no way you don't (or can't get) pictures of your friends new art car. This is some bullshit.
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Feb 14, 2019 16:30
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Doc Hawkins posted:I'm going to stake out the radical position that if you offer liability coverage to a business it would behoove you to know in broad terms the range of liability that type of business is exposed to. Deep inside they probably did know these things deep within the company. In general they believe their insured wouldn't act maliciously though. And I imagine that the rank and file adjusters didn't and probably thought they owed a few hundred/few thousand to plant some new trees kinda like replacing other damaged property. Time actually makes most trees more valuable is the part they forgot, unlike other capital assets where time is the enemy of value.
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Feb 14, 2019 19:39
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Cacafuego posted:I would think someone living in NYC who has a credit card that has >$16000 limit are doing pretty ok for themselves and could probably afford to make the son pay them back instead of suing him. That, or they’re living paycheck to paycheck on huge salaries, which is also possible. This made me chuckle. You can trivially get a huge credit limit in relation to your income by being a smooth talker or making those payments. Otherwise how would we have so many stories about artisinal basket weavers with $100k in credit card debt? Banks will gladly loan you too much money. When I was making $72k in 2009 I had multiple credit cards with over $10k limits, and by the end 2010 if I recall correctly I had one with a $35k limit. Work was letting me expense ~$100k/year through my cards so just talking to an agent was enough to get more and more credit.
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Feb 15, 2019 16:53
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Cyrano4747 posted:There’s been a next stop arranged for a few days but some poo poo came up that required it staying here a bit. It should be moving soon. But daaaaad are we therrrrre yet???
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Feb 18, 2019 17:01
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