The Sadowski’s

[spdrun]

I think your kids would rather have a father than a lot of money. Be careful what you wish/plan for.

harvey: sadowski is actually a pretty common name. It means “from the orchard” — his great-great-great-great-great-grandparents were probably fruit farmers.

[Coronita]

[quote=spdrun]I think your kids would rather have a father than a lot of money. Be careful what you wish/plan for.

harvey: sadowski is actually a pretty common name. It means “from the orchard” — his great-great-great-great-great-grandparents were probably fruit farmers.[/quote]

Kid will be an adult by then with her own family…
Ok, maybe 65, tops…..It’s about quality of life…
I won’t make it without some serious medical breakthrough.And even if it happened, good luck finding an insurance policy that will cover it with all the changes happening in insurance/healthcare… .. so that’s why I don’t bother sweating it….

[flyer]

Even though I thought I’d heard it all, these stories still amaze me.

We’ve always planned so that our money will outlive us and our kids, and it’s definitely a good feeling.

[no_such_reality]

[quote=flyer]Even though I thought I’d heard it all, these stories still amaze me.

We’ve always planned so that our money will outlive us and our kids, and it’s definitely a good feeling.[/quote]

Hopefully you’re $5M+ Frankly, people feel like they’re ‘rich’ when they get a million but the hard truth is you’ll smoke it in a few years and after the first three, unless you’ve managed to trim your expenses to about $40K/year, the stress of seeing it vanish will make you spend it even faster.

[flyer]

We’re fine. Thanks.

[scaredyclassic]

It was peer pressure, a collective delusion.

It could not have unfolded any other way but as it did.

He did have inside info in a sense from seeing his own business fall off steeply and might even thought sell based on that.

But that was not the fate the sadowski s were meant to follow.

[scaredyclassic]

They do creep me out though. Only watched half. They seem to lack insight ….

[spdrun]

Not creepy, just very ordinary, and put in a less-than-ordinary situation.

[scaredyclassic]

the motorcycle accident is telling. he drove off angry at his wife on a bike he was hiding from his wife on unfamiliar roads. It doesn’t mention but i tend to doubt he had safety gear on, from the way he described his accident.

if he’d had these boots on, would he still have a foot?

http://www.aerostich.com/aerostich-combat-touring-boots-20.html

I’m guessing it wouldnt have been severed entirely with proper safety gear …

ATGATT all the gear all the time….

it sounds like he steered directly into the oncoming car. this is not uncommon among inexperienced motorbike and even bicycle riders under pressure. “countersteering” is required to execute a turn and while counterintuituve you steer in the opposite direction you wish to go to initiate the turn. it sounds like he did the opposite under pressure. lack of training, riding hotheaded, in the dark, unfamiliar area. it was a crack up waiting to happen.

kind of like the short sale…

the grubby mterialism of it all is sad.

even the kids, describing a small gift as “tiding him over”….until he could get larger gifts. yeeeesh…

i guess it is all ordinary, but ordinary can be creepy, if you look at it from the right angle under certain lighting…

Pay down your mortgage

[scaredyclassic]

[quote=no_such_reality]Yes, if they hadn’t spent part, not all, I thought I heard the bank was eating like $90K on the short sale, which means they had something like $650K financed. That’s on a home valued at one point at $1.1M, and pretty consistently two year plus run at million+.

His situation was pretty simple, he worked in a industry that vaporized. Vaporized basically overnight and stayed vaporized for 3+ years.

You can talk trash about buying investment properties, but frankly, you’re talking out of your *ss. As inexperienced landlords, there wasn’t anything they were buying around here, or phoenix, or any other market at that time. And I know plenty of people that did just that, in Phoenix, Vegas, Detroit, etc, all lost their backside.

The only thing they could have done was not tap basically $800K in equity. And most of you are already on record for how stupid you think that is when ‘investment’ properties are around.

In the end, the problem they had was very simple, he lost a job, in an industry that he had 20 years of experience in and wasn’t hiring anyone for 3+ years.

So yea, the world falls apart on you, you don’t have a job, you’re burning up your savings, and the house you’ve raised your family in for the last 11 years, has lost $500K of equity and you’ve only got a $100K of equity left.

You’ve got omnipotent hindsight balls, I’m sure you’d pull the trigger and sell, knowing without a job you can’t find a rental, can’t get another loan for a new place and ‘give it away’.

The denial is strong in this thread with the posters.[/quote]

well, he couldve paid down his mortagge, been left with a little tiny mortgage, and gotten some super lower paying w2 job and refinance and gottena payment probably cheaper than the 1 br… there’s some comments on some internet articles on them from posters who say they know/worked with the dude and he was a sharp dealer who didn’t pay people, even in good times…

[spdrun]

^^^

Didn’t pay his employees and vendors while living it up? Karma’s a bitch, then.

In a just world, his kind would do some prison time for theft of services.

[Coronita]

I said this before and I say it again.

A lot of people’s problems in this country isn’t they don’t make enough..Their problem is their spending problem.

Just look at crazy Black Friday, where people get into physical altercations for the privilege of being the first to send their hard earned money (or leveraged borrowed money) overseas for useless crap from Walmart that will inevitably end up in a garage sale at 10 cents on the dollar.

..Or we should just rename Black Friday/Cyber Monday to HappySendYourMoneyToTheFarEastDay….

[Coronita]

.

[Anonymous]

This story is a nice treat for the piggs.

We do love our real estate schadenfreude, and its a bit scarce these days.

[spdrun]

IDK about scarce — I just looked at a condo where it went for about 30% above what it would have gone for in 2010. But … the amount of the mortgage owed on the thing was another 75% above the sale price. I’m sure there are plenty of insane deals like this around.

Greed of banks and of the mortgagees not to be underestimated.

[Author]

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