[quote=harvey][quote=flu]Rustico, I don’t know ask a mortgage broker..
I’m stlll waiting, however, for a response from Harvey or BrianSD to correct the spreadsheet I put together. Afterall, both said it’s clearly wrong, and one of them said he is a finance major. So this should be a walk in the park for a finance major.[/quote]
Sorry dude, I’m not going to do your homework for you. A precise schedule would take a couple of hours to get right. If you and your buddy AN don’t believe I have “credibility” then I can live with that.
Just use the spreadsheet you have. It may be close enough for what you are trying to do, whatever that is. It seems you just want validation for your past decisions.
So here’s some validation: You outsmarted the bankers. They were chumps when they gave you that up front cash on a refi. They didn’t have an ulterior motive and didn’t even do the math. They were happy to reduce their bottom lines and make your insurance payments for you.
Yup, they just wanted to give you money. And you were smart enough to take it.[/quote]
You see Harvey that’s where you are wrong.
I don’t need validation for what I did in the past, because unlike most people, if I did something that less then optimal in the past and someone brings it up with actual data or proof, I want to know about it. Just like in the past when I was on the bandwagon of “now is not a time to buy more rental properties, where some folks sent me data that showed me otherwise”.
I just don’t like folks who argue for the sake of arguing, and then when asked, ok “well show your work”, nothing, zip, nada. In the past, for example, folks comment on real estate and places where they know nothing about (hence the term LETDLITA).
Here’s the thing I don’t get. If your arguments are really valid and easily shown, you would do it. You say you don’t want to “waste” your time to post real data
…BUT, you already wasted A LOT of your time to initially comment on this thread, and then check up many times on this thread, and to reply many times to this thread. So it seems like, at least to you, this thread is pretty important to you. So, if it’s so important to you to make your point, and if what you are saying is can be backed by a real example with real data from someone with finance background such that this would be so easy to, why wouldn’t you want to show people what you are talking about? Because after all, you already spent a considerable amount of time already expressing your opinion on this subject, and spent considerable number of days reading some of these threads, and responding to these threads. It’s not like anyone is really questioning your credentials. But, it’s just like many other times we see here from others. For example, someone else professing to be real estate expert in area X, despite not living in area X, not having been to area X, and then when asked for “more data’, getting into some off tangent comment about “construction quality of homes, the number of walls, and lizard-infested locations” that has nothing to do with the original discussion, as was exemplified by other posters.
So, if you are in the capacity to show us what you mean, why don’t you? I mean, certainly it’s more interesting, more relevant, and more useful to this blog than the 9+page about Donald Trump, or the 9+page of the 2016 Presidential Election, or the 9+page of reasons why someone can/cannot vote for Trump or Celebrity Endorsements. Afterall, this is an RE and to a lesser extent a finance blog. So why, if you are in the capacity to show us what you are talking about, why wouldn’t you?
I don’t think it would take hours. It certainly wouldn’t take any more hours than you have alreay spent on this blog commenting on this very thread, and reading every comment someone has typed on this thread.
Why now, when someone asks us if you can enlighten us what you are talking about, all the sudden is time so important to you?
Again, if you show me what you’re talking about, I’ll be happy to the first to admit decision I made in the past was sub-optimal or flat out wrong if that’s the case. I don’t care. I don’t have to be “proud” of my past decisions. Frankly, the only thing I care about, is having the right information so in the future I can make more money. So, if that means being wrong and called an idiot, fine. I can live with that.
