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Before I even opened the post my first thought was get a smaller house. I was just having this conversation today, you don’t need a 5500 sq ft house. People wonder why we’re in an economic mess and many of these same people think they need all sorts of things they don’t “need”. You even admitted you have stuff you rarely use like your boat. You don’t need 3 fridges. I don’t know why most people have wine fridges because everytime I have ever looked in one, they don’t even own wine worth chilling in a wine fridge and they DRINK the wine they buy, they aren’t aging it.

Secondly, I doubt you have all energy efficient appliances, as indicated by the lighting costs you have. I know that my monthly bill doesn’t vacillate by much regardless of how often I run the laundry, the dishwasher, etc.

Sounds like you need to scale back on all the “stuff” you think you need.

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Before I even opened the post my first thought was get a smaller house. I was just having this conversation today, you don’t need a 5500 sq ft house. People wonder why we’re in an economic mess and many of these same people think they need all sorts of things they don’t “need”. You even admitted you have stuff you rarely use like your boat. You don’t need 3 fridges. I don’t know why most people have wine fridges because everytime I have ever looked in one, they don’t even own wine worth chilling in a wine fridge and they DRINK the wine they buy, they aren’t aging it.

Secondly, I doubt you have all energy efficient appliances, as indicated by the lighting costs you have. I know that my monthly bill doesn’t vacillate by much regardless of how often I run the laundry, the dishwasher, etc.

Sounds like you need to scale back on all the “stuff” you think you need.

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padrebrian, can you share the details?

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padrebrian, can you share the details?

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padrebrian, can you share the details?

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padrebrian, can you share the details?

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padrebrian, can you share the details?

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[quote] my interest is mainly do credit card companies actually have any idea what the risk really is in the current economy? I’m sure they have all kinds of neat mathematical models based on how things have gone in the past, but I’m wondering whether any of it means a dman now. Maybe they’re just freaking out and cutting limits. But the solution to reducing risk isn’t just to cut everyone’s limit. heck they could cut risk to zero and just close all the accounts. the accounts only have value when they’re open. I have a feeling that the credit card companies actually have no freaking idea whatsoever what the relative risk is on each cardholder. and they are going to get .creamed because of it. i.m not sure risk is knowable in the current environment.[/quote]

You just answered your own question. You are 1 of millions of people who have credit cards, of course they use mathematical models to predict risk. Credit card companies don’t set your limit based on your assets they don’t know your financial situation. Credit card default is happening and will continue to worsen so the credit card companies are cutting risk.

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[quote] my interest is mainly do credit card companies actually have any idea what the risk really is in the current economy? I’m sure they have all kinds of neat mathematical models based on how things have gone in the past, but I’m wondering whether any of it means a dman now. Maybe they’re just freaking out and cutting limits. But the solution to reducing risk isn’t just to cut everyone’s limit. heck they could cut risk to zero and just close all the accounts. the accounts only have value when they’re open. I have a feeling that the credit card companies actually have no freaking idea whatsoever what the relative risk is on each cardholder. and they are going to get .creamed because of it. i.m not sure risk is knowable in the current environment.[/quote]

You just answered your own question. You are 1 of millions of people who have credit cards, of course they use mathematical models to predict risk. Credit card companies don’t set your limit based on your assets they don’t know your financial situation. Credit card default is happening and will continue to worsen so the credit card companies are cutting risk.

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[quote] my interest is mainly do credit card companies actually have any idea what the risk really is in the current economy? I’m sure they have all kinds of neat mathematical models based on how things have gone in the past, but I’m wondering whether any of it means a dman now. Maybe they’re just freaking out and cutting limits. But the solution to reducing risk isn’t just to cut everyone’s limit. heck they could cut risk to zero and just close all the accounts. the accounts only have value when they’re open. I have a feeling that the credit card companies actually have no freaking idea whatsoever what the relative risk is on each cardholder. and they are going to get .creamed because of it. i.m not sure risk is knowable in the current environment.[/quote]

You just answered your own question. You are 1 of millions of people who have credit cards, of course they use mathematical models to predict risk. Credit card companies don’t set your limit based on your assets they don’t know your financial situation. Credit card default is happening and will continue to worsen so the credit card companies are cutting risk.

[zzz]

[quote] my interest is mainly do credit card companies actually have any idea what the risk really is in the current economy? I’m sure they have all kinds of neat mathematical models based on how things have gone in the past, but I’m wondering whether any of it means a dman now. Maybe they’re just freaking out and cutting limits. But the solution to reducing risk isn’t just to cut everyone’s limit. heck they could cut risk to zero and just close all the accounts. the accounts only have value when they’re open. I have a feeling that the credit card companies actually have no freaking idea whatsoever what the relative risk is on each cardholder. and they are going to get .creamed because of it. i.m not sure risk is knowable in the current environment.[/quote]

You just answered your own question. You are 1 of millions of people who have credit cards, of course they use mathematical models to predict risk. Credit card companies don’t set your limit based on your assets they don’t know your financial situation. Credit card default is happening and will continue to worsen so the credit card companies are cutting risk.

[zzz]

[quote] my interest is mainly do credit card companies actually have any idea what the risk really is in the current economy? I’m sure they have all kinds of neat mathematical models based on how things have gone in the past, but I’m wondering whether any of it means a dman now. Maybe they’re just freaking out and cutting limits. But the solution to reducing risk isn’t just to cut everyone’s limit. heck they could cut risk to zero and just close all the accounts. the accounts only have value when they’re open. I have a feeling that the credit card companies actually have no freaking idea whatsoever what the relative risk is on each cardholder. and they are going to get .creamed because of it. i.m not sure risk is knowable in the current environment.[/quote]

You just answered your own question. You are 1 of millions of people who have credit cards, of course they use mathematical models to predict risk. Credit card companies don’t set your limit based on your assets they don’t know your financial situation. Credit card default is happening and will continue to worsen so the credit card companies are cutting risk.

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I have tried working with a few different agents in looking for a home, and invariably I’ve found that I’m actually more knowledgeable about the comps, the neighborhood, etc because I am pretty diligent in my research and the agent doesn’t specialize in the neighborhood I’m looking in….Im looking across a number of neighborhoods. Clearly I need to find a better agent. In the meantime, there are a few properties specifically that I want to see. How does it work if I just want to contact the listing agent so I can gain access to the home? If ultimately I want to put in an offer, do I ask for the credit that would have been paid to a selling agent that I can use towards closing costs?

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I have tried working with a few different agents in looking for a home, and invariably I’ve found that I’m actually more knowledgeable about the comps, the neighborhood, etc because I am pretty diligent in my research and the agent doesn’t specialize in the neighborhood I’m looking in….Im looking across a number of neighborhoods. Clearly I need to find a better agent. In the meantime, there are a few properties specifically that I want to see. How does it work if I just want to contact the listing agent so I can gain access to the home? If ultimately I want to put in an offer, do I ask for the credit that would have been paid to a selling agent that I can use towards closing costs?

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I have tried working with a few different agents in looking for a home, and invariably I’ve found that I’m actually more knowledgeable about the comps, the neighborhood, etc because I am pretty diligent in my research and the agent doesn’t specialize in the neighborhood I’m looking in….Im looking across a number of neighborhoods. Clearly I need to find a better agent. In the meantime, there are a few properties specifically that I want to see. How does it work if I just want to contact the listing agent so I can gain access to the home? If ultimately I want to put in an offer, do I ask for the credit that would have been paid to a selling agent that I can use towards closing costs?

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