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scaredyclassic
Participant[quote=Coronita][quote=scaredyclassic][quote=an][quote=svelte][quote=Coronita][quote=scaredyclassic]
I’d be curious if Americans are taking lots of $ out for consumption.[/quote]Well,I do see a lot of people driving newer cool cars!!![/quote]
they are going to need that cash to pay for those expensive electric vehicles!
Have you seen the inside of the Mercedes EQS? Oh my!
Watch out Elon, your updated Model S is no match…[/quote]
Love the EQS. It makes the Model S look like a Chevy. E-tron and Taycan are gorgeous too, but EQS definitely take the cake in term of interior.[/quote]I hate cars and I want that. are all these e cars going to be reasonably reliable? My wife’s mini cooper is a piece of garbage; seals constantly failing and leaking; will the electric version be ok? maybe we can trade it in.
maybe I should just be nuts and buy a 70k electric suv. she won’t expect that kinda weird behavior from me. im too predictable. or the porsche. yeah, maybe I need a porsche in my life. Why am I bicycling everywhere?[/quote]
TBD reliability….
Mini-cooper. Scotty Kilmer has a few things to say about it.
https://www.youtube.com/watch?v=Lp0LdnreYmE%5B/quote%5D
Yeah. I hate that car. But my wife loves it and won’t get rid of it. Not even for a Porsche.
Participant[quote=an][quote=svelte][quote=Coronita][quote=scaredyclassic]
I’d be curious if Americans are taking lots of $ out for consumption.[/quote]Well,I do see a lot of people driving newer cool cars!!![/quote]
they are going to need that cash to pay for those expensive electric vehicles!
Have you seen the inside of the Mercedes EQS? Oh my!
Watch out Elon, your updated Model S is no match…[/quote]
Love the EQS. It makes the Model S look like a Chevy. E-tron and Taycan are gorgeous too, but EQS definitely take the cake in term of interior.[/quote]I hate cars and I want that. are all these e cars going to be reasonably reliable? My wife’s mini cooper is a piece of garbage; seals constantly failing and leaking; will the electric version be ok? maybe we can trade it in.
maybe I should just be nuts and buy a 70k electric suv. she won’t expect that kinda weird behavior from me. im too predictable. or the porsche. yeah, maybe I need a porsche in my life. Why am I bicycling everywhere?
ParticipantI was driving next to a Mercedes jeeplike SUV and I asked my wife too Google it for price …
156 to 175k? Jesus, that seemed high. I was thinking I’d be willing to go as high as 42k on it. No actually, fuck that, I’ll give you 37.5k. that’s it
Participant[quote=sdrealtor][quote=scaredyclassic][quote=Coronita][quote=gzz]Escoguy, I agree with what you said, especially about how conservative underwriting has been the ENTIRE TIME the market has been rising starting around 2010.[/quote]
Thats what i was wondering. Hows the loan quality now versus circa 2006[/quote]
Must be better. How could it be worse?
Odd thing pricing a refi yesterday. It was significantly cheaper to do a large cash out refi than just the balance of the mortgage.
Not sure what this means. We will give you a lower rate for more money, please, just take this damn icky money? Is cash really trash? It made me not want the money. Why would I want something they have to give me more of to cart away?
I’d be curious if Americans are taking lots of $ out for consumption.[/quote]
Many costs to do refi are fixed for lender. larger loan means more profit dollars to amortize those fixed costs over. thats why small loans are more expensive[/quote]
I get that. But I’m talking about the actual lender fee, total, for the loan from me. Like, it was a $400 total fee to borrow 500k, versus a $700 total fee to borrow 200k. same interest rate. Not sure where they’re getting extra money from for the higher loan. Maybe they can sell the bigger loan for more money? But that’s kind of crazy.
ParticipantSign of a broken changing world. China sucks.
Participant[quote=Coronita][quote=gzz]Escoguy, I agree with what you said, especially about how conservative underwriting has been the ENTIRE TIME the market has been rising starting around 2010.[/quote]
Thats what i was wondering. Hows the loan quality now versus circa 2006[/quote]
Must be better. How could it be worse?
Odd thing pricing a refi yesterday. It was significantly cheaper to do a large cash out refi than just the balance of the mortgage.
Not sure what this means. We will give you a lower rate for more money, please, just take this damn icky money? Is cash really trash? It made me not want the money. Why would I want something they have to give me more of to cart away?
I’d be curious if Americans are taking lots of $ out for consumption.
Participant[quote=barnaby33]
Oh scardy, is there a thread you don’t hijack to use us as your therapists?
Josh[/quote]You’re right. I’ll try to be more sensitive to this absurd behavior pattern moving forward.
Participant[quote=sdrealtor][quote=Coronita]I am sure i am wrong some of the time.
Murphy law of investing:
The correct decision often times seem to be the decision I did not take after trying to rationalize the decision I did take as the most intuitive decision….
My Solution:
Therefore, if i continue to do the exact same thing in rationalizing every investment decision I make, but for 50% of the time, do exactly the opposite of what I would have done, then on average, I probably will be correct 25-50% of the time instead of being consistently 100% wrong.
Corrollary to this: as smart as engineers like to think we are, there are a lot less nerdie people in this world that have made a lot more money making irrationale decisions versus our tendency of analysis to paralysis and doing nothing in the end…
Some of you guys need to do something crazy..like buy dogecoins…makes no sense whatsoever…but thats exactly the point….[/quote]
That’s the George Costanza strategy. Think what you want to do, then do the opposite!
And you’ve come upon my nitwit theory I’ve explained to countless clients. Prices are not set by the smartest people they are set by the richest nitwit. Then the smart people end up paying that and more[/quote]
Is it untrue that a fool and his money are soon parted?
I suspect there may be fine distinctions in economic behavior between fools, nitwits and morons. Like, some idiocy is desirable, while others is not.
Theory might apply in politics, too. Policy is set by the richest nitwit.
Participant[quote=Coronita][quote=scaredyclassic][quote=Coronita][quote=scaredyclassic]The people making a fortune in crypto are really smart or really dumb…no one in the middle…[/quote]
MEME STOCKS!!!!
AMC and GME ….TO THE MOON!!!!!
MOVIE THEATERS ARE OPENING!!!![/quote]
Sorry flu. Ya can’t fake it. Either you’re a genius/moron, or you’re not. And you’re just…not.[/quote]
Damn scardey. That hurts…I think….You could be a little more constructive…
I mean, since genius is unobtainable for me…..What does it take to be the next best thing and be a moron?[/quote]
At this point your options are very limited. Certain strokes can shake moronness loose. Organic brain damage, perhaps an accident… Dementia? Or a really bad coke problem.
Frankly, I think your situation is intractable.
ParticipantPersonally I despise squabbling. Due to early family dynamics. Makes me profoundly uncomfortable. Perhaps I intuited an instability in the home just below the surface of large proportions and therefore found squabbling intolerable, as if family devastation could occur over petty disagreement.
I was ok with meaty conflict, bigger issues, which counterintuitively seemed less threatening, like it would necessarily be a straw that broke the camels back, not an anvil…but ugh, just not personal squabbling, or to see people irritated. And pecking at one another. It terrifies me.
I guess I saw it as my job as a kid to keep the peace in the home, to divert with humor or by creating my own problems as a means to distract. To be a peacemaker. This would somehow ensure my survival I think I believed. In school, teasing, meanness, so scary…
Why did I think this? Was it all in my head? And look how this fear has haunted me my whole frightened life, through my marriage, my career…what is that cat scared of, really?
I still have so much to work on.
Past performance does not predict future results.
But The system is rigged to crush excessive bearishness.
One should never be too sure about anything. I hate Texas. SD isn’t that great either. Most places aren’t really that wonderful or bad. Things are pretty much what you make of them.
It’s difficult not to think things would be better if one had more.
Participant[quote=Coronita][quote=scaredyclassic]The people making a fortune in crypto are really smart or really dumb…no one in the middle…[/quote]
MEME STOCKS!!!!
AMC and GME ….TO THE MOON!!!!!
MOVIE THEATERS ARE OPENING!!!![/quote]
Sorry flu. Ya can’t fake it. Either you’re a genius/moron, or you’re not. And you’re just…not.
ParticipantThe people making a fortune in crypto are really smart or really dumb…no one in the middle…
ParticipantAnyone watched the show FILTHY RICH AND HOMELESS?
ParticipantThis thread made me think about a book I liked called STATUS ANXIETY by de botton. It’s a philosophy book about why status matters so much to us. Why we want love from the world, for emotional rather than purely material reasons. I’m going to skim it on the way to my mother in law’s house and rethink my disturbing emotions on missing out and feeling like a broke fool compared to many peers.
Also I need to stop reading alumni newsletters. I can have plenty of money, a mansion on acreage and still feel …. Impoverished….
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