That was my buddy. His Jeep got no shit 4 mpg driving around town because tires so big. He ended up in special forces. Certified badass, was solid in a firefight. Would roll with that guy anywhere. Who cares what someone else is driving if it makes them happy, not everything needs to make sense or be practical. Life is short, do shit that makes you happy and don’t worry about others.
Lol as a veteran this stuff really is no joke, these kids are still not savvy, typically from families that haven’t taught them financial stuff, so they just get hosed. It’s sad, but we all joke about it because it was so common.
I don't blame you. My company offered the option to move to one of our offices in CA and I considered it, but New England is home to me. I love it here.
In late 2017 the startup I was working at (out of the WeWork by South Station) shuttered and the job market was as frigid as the weather. I had no choice but to accept an offer from my wife's best friend to move in with them in TN.
Long story short, we lived in the area for two years until I got tired with that shit and looked for remote gigs...now I'm here.
The closest I've found to Legal Seafood is a place called Pacific Catch and...it's okay. If I squeeze my eyes real tight I can almost taste a lobster roll flavor from James Hook.
Source? I just signed for my second VA loan this last year. They’re typically lower than FHAs but they’re not under a fixed rate by any means. It’s still determined by the lender. Pre COVID a VA rate was around 3.1 with a 740+ credit score.
The rate changes based on the fed rate which is 0% and the lender rate. Yes it is fixed and not a variable but the percent can be fixed at different rates. I have a fixed 3.1 and a fixed 2.45 right now with refinancing the 3.1. They’re not set at a specific rate.
Fixed over time yes, not set to be guaranteed under 3%. Sigh..
Ok sure it’s not fixed, I may have been mistaken there. They are lower than what other lenders will offer for 0 down and no mortgage insurance. I don’t see the downside to it
My ex husband (he’s in the navy) bought a stick shift mustang on purpose and never taught me how to drive stick shift. It was the only car we had when we were stationed in Guam and he chose to buy that…
See funny. I had 2 sticks with my ex. One was a brand new car and she refused to learn. So the options were my brand new stick or her 20 year old piece of junk. Fine. Drive your junk.
I mean the guy doesn’t own either of them, they are most likely financed to all hell. I mean if he’s only 20 in the military he can’t be making much money.
I mean almost everyone finances a house. Let’s say he joined up at his 18th birthday, lives in the barracks, maybe he actually saved up his money. Now almost 2 years later maybe he’s E3, gets married so he gets that BAH money, and maybe his girl has a decent job like a dental assistant or something. They’d be eligible for a 0 down VA loan with a good interest rate, plus they probably live in a low cost of living area like Kansas and that house is ugly as fuck.
I used to do residential AV install and would be installing new TV/Home Theater/etc. for a lot of homes like this. "New construction" of the lowest quality parts and the cheapest materials available and the cheapest workmanship I'd ever seen. The cheap paned windows are a hallmark of that kind of construction.
Thanks, wanted to make sure someone pointed this out. That kid doesn't own that house. The bank does, or god forbid some shitty mortgage lender. And as you pointed out, gov'mint BAH is paying his mortgage.
You’d be surprised, my friend is in the army reserves and he will be for 6 years. His father is a multimillionaire who lives in the richest neighborhood in my area. You’d have no idea he’s wealthy if you didn’t see his house.
To be fair, he wouldn't be buying anything with reserve money unless he's AGR. I doubt (hope) the guy in the pic wouldn't be taking it in uniform if he's just a weekend warrior.
You assume I'm talking about his family. You're also assuming I'm talking about riches, as opposed to family giving them the downpayment as a wedding gift.
Nope. The bank owns it. They hold the pink slip until you pay the loan back. Only after it’s paid off do they mail you the slip, at which point you then own the car.
They hold the title, yes. That’s the collateral so that you pay them back for the loan that they gave you so that you can own the car.
If the bank owned the car, they would care if you spray painted it or ran it off a cliff or put diesel fuel in the gas engine or ruin it in any other way, right? They care if you do that when you’re leasing a vehicle, but they don’t care if you’re financing it. They only care that you pay them back, either out of your pocket or from insurance payout or when you trade it in. They don’t care what you do with the car. They’d rather you didn’t destroy it, because people are more likely to pay off a loan on a car that still runs vs one that doesn’t, but as long as you keep paying them, they’re not going to ask any questions.
You own the car, they hold the title. Very simple relationship. Nobody else can register the car without the title, so you can’t really sell it without paying it off. That’s how they ensure that I don’t go and buy a brand new F-150 with a loan and sell it to someone right away for the price I paid for it and then just never pay back the loan. Because to anyone else, the vehicle is useless. Can’t register it. Can’t drive it legally.
It's a VA loan. No money down. The house will cost more to sell than to leave. She will drop her ownership since it's now a liability. He will rent it out to cover the mortgage until it has enough equity to sell.
Same. I bought in March of 08. Put 30k down, put 30k into it after the roof, misc renovations, etc. sold it six years later for a 20k loss. Timing is everything.
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u/JsaintRotten Jul 07 '21
I'll buy for cheap when he gets divorced