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MilitaryToFinance

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MilitaryToFinance last won the day on November 10 2015

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About MilitaryToFinance

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  1. Just because you can doesn't mean you should! The old formula was rather clunky (25% * amount over the Fannie/Freddie max) but from a risk standpoint was probably not a bad way to go. I would feel very uncomfortable carrying a 100% LTV on a $1M+ home. I ended up putting down 25% even though the VA formula only required 9.5%. Also when I bought my house ~2 years ago they wanted to know how much of a downpayment I was bringing to the table when I made my offer on the house. If I had said $0 they likely would have gone with the other offer at the same price.
  2. In case there is any question about whether or not the whole system is fucking rigged. And yes I'm just bitter that my fund doesn't do anything that would get us free money from the Fed. "One potential solution is to lend cash directly to smaller banks, securities dealers and hedge funds" https://www.wsj.com/articles/hedge-funds-could-make-one-potential-fed-repo-market-fix-hard-to-stomach-11578997801?reflink=e2twmkts
  3. For those who prefer a picture. We spent about a year and a half trying to normalize monetary policy in this country, the markets tanked and the Fed cowards reversed course and slashed interest rates. And when that wasn't enough to get the stock market back to all time highs they decided to blow out the balance sheet again. In 3 short months plowing in so much liquidity they undid what took over a year and a half to sell off. But Jerome Powell assures us this isn't quantitative easing, nope definitely not QE4 going on, nothing to see here the markets are fine.
  4. Have you looked at any of the other FF kits? I love the looks and performance of the GTM but read bad things about the quality of the kit. I've also seriously considered the Type 65 Coupe. Now if I could just find the time...
  5. Just got back from watching Dark Waters for work. Not a bad movie if you like the lawyer drama type movies. It's a little less dramatic than the trailer portrays it. DuPont is so worried about the movie they released a 2 page rebuttal press release to their depiction in the film. That's a good endorsement in my book.
  6. Back in the V-10 era I went to the race at Indy twice. Yes your view isn't as good as watching on TV (although they did have some screens) but being there in person was a lot of fun. You can say the same thing of any sport really, the view of an NFL game on TV is much better than what you can actually see from in the stadium. And the Indy track was a shit track in a bad location with crappy weather. I really want to go to Austin as I'm sure the entire experience is much better.
  7. So US Bank basically lied to me or they have a corporate policy that they pretend is a legal requirement. The person on the phone told me "VA loans are considered government loans and government loans are required to have taxes and insurance escrowed." I put 30% down when I bought the house last year and my LTV today is ~67% so I more than clear any hurdle for risk I would think. It's not the end of the world but it is annoying to me.
  8. Maybe other people knew this but I just found out today that with a VA Loan you are required to use an escrow for your taxes and insurance. I've been getting annoyed with my bank constantly changing the escrow amounts and I would much rather just pay my bills myself. So I called to try and switch and they said government loans won't let you, the escrow is a requirement. Just a random annoyance I didn't know about for anybody shopping VA loans.
  9. Exhibit 2: Sebastian Vettel pre & post Red Bull. As much as I can't stand Hamilton he is a phenomenal driver. Even with the equipment advantage it's hard to argue with some of his come-from-behind results going from 15+ on the grid to winning.
  10. The best driver in Formula 1 turns 40 today.
  11. I know we've already moved on from Greta but a friend sent me this a bit ago.
  12. People I know have used Fundrise and one other and been happy. But it's all bull market investing so far and I tend to be skeptical. There are lots of professionals in real estate, there are lots of banks and non-bank lenders with money they will lend against quality projects. I don't see how there isn't a massive adverse selection problem with these crowdfunding systems. If the real estate was really that attractive why do they need to crowdsource it? It's not like this is a niche area of the market where traditional lenders won't lend money so you have to get creative. There is a multi-hundred billion dollar industry built around real estate development, renovating, leasing. I want to see how well all the rosy projections from these companies survive the next recession. If you wanted to sell me on crowdfunding in 2009 when nobody wanted to lend to anybody for anything it might be a different story but with $17 Trillion of negative yielding debt around the world you have a tough time convincing me that in today's market getting funding is holding back any sort of capital investment plan.
  13. Walmart no longer allowing open carry in stores and giving in to the whiny liberals and discontinuing the sale of handgun ammunition. Clearly the corporate culture has drifted a long ways from Arkansas. https://www.cnbc.com/2019/09/03/the-full-memo-from-walmarts-ceo-about-pulling-back-on-gun-sales.html
  14. Check your state as well, some states (NY and CA I know for sure) tax all capital gains as income. So you get nailed for the full state tax rate on top of your federal capital gains taxes.
  15. Wow sounds like you had the exact opposite experience to me with NBKC last year. I always meant to write a review but never got around to it. Lots of issues around closing and something like $6,000 in fees to extend our rate lock. Some of the details have faded from my memory but I would definitely not use them again or recommend them to others.
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