#SPREADSHEET

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Re: #SPREADSHEET

Postby the cheese » 28 Sep 2015, 11:14

Iron Mike Sharpe wrote:I don't get what's in it for the buyer. Mortgage rates are going to go up. Why buy a 3% mortgage for 12.5 years?


You gotta get your return somehow, and 3% is still better than a T-Bill.
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Re: #SPREADSHEET

Postby chrisco » 28 Sep 2015, 11:18

the cheese wrote:
Iron Mike Sharpe wrote:I don't get what's in it for the buyer. Mortgage rates are going to go up. Why buy a 3% mortgage for 12.5 years?


You gotta get your return somehow, and 3% is still better than a T-Bill.


If mortgages are anything like most recurring payment models, then almost all your churn is up front and once you get past a certain aging of the cohort your default rate drops dramatically.
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Re: #SPREADSHEET

Postby the cheese » 28 Sep 2015, 11:27

chrisco wrote:
the cheese wrote:
Iron Mike Sharpe wrote:I don't get what's in it for the buyer. Mortgage rates are going to go up. Why buy a 3% mortgage for 12.5 years?


You gotta get your return somehow, and 3% is still better than a T-Bill.


If mortgages are anything like most recurring payment models, then almost all your churn is up front and once you get past a certain aging of the cohort your default rate drops dramatically.


Yep. Also, the bulk of all mortgages (something like 85%) run no longer than 7 years, and typically that's where the second tranche of most MBS pay off. Your mortgage is a great investment for somebody that needs to have the risk free rate plus 3-5 to generate the return required for a bunch of baby-boomer retirees but isn't allowed to invest in anything below BBB.
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Re: #SPREADSHEET

Postby Frank the Tank » 29 Sep 2015, 11:51

Mortgages sell more in an uncertain interest rate environment. I think there's a lot of churn out there right now.
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Re: #SPREADSHEET

Postby Jew Jitsu » 08 Feb 2017, 15:12

Got tired of looking for the homework thread so this'll do. Closed on my joint last week, need to do some minor touch ups before I move in. Mainly painting the walls and the interior doors. Also wanna add a backsplash while I'm st it. Any tips for a first time son doing all of this? Shit is not difficult and I'm capable of doing it so I'm not interested in having someone do it for me. Thanks!
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Re: #SPREADSHEET

Postby SouthernYokel » 08 Feb 2017, 15:15

Jew Jitsu wrote:Got tired of looking for the homework thread so this'll do. Closed on my joint last week, need to do some minor touch ups before I move in. Mainly painting the walls and the interior doors. Also wanna add a backsplash while I'm st it. Any tips for a first time son doing all of this? Shit is not difficult and I'm capable of doing it so I'm not interested in having someone do it for me. Thanks!


i shocked the fuck out of myself putting the backsplash behind my old house's stovetop. the hood was on a different circuit than the stove and the circuit breaker was not labeled well. so...if it's an older house, check that shit carefully or kill all the power.
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Re: #SPREADSHEET

Postby the cheese » 08 Feb 2017, 15:17

SouthernYokel wrote:
Jew Jitsu wrote:Got tired of looking for the homework thread so this'll do. Closed on my joint last week, need to do some minor touch ups before I move in. Mainly painting the walls and the interior doors. Also wanna add a backsplash while I'm st it. Any tips for a first time son doing all of this? Shit is not difficult and I'm capable of doing it so I'm not interested in having someone do it for me. Thanks!


i shocked the fuck out of myself putting the backsplash behind my old house's stovetop. the hood was on a different circuit than the stove and the circuit breaker was not labeled well. so...if it's an older house, check that shit carefully or kill all the power.


Just kill all the power.
Clayton Bigsby - Wed May 23, 2012 2:55 pm: i'd rather live with a guy who's kind of annoying but a nice guy than a guy who's kind of annoying and a dick
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Re: #SPREADSHEET

Postby Jew Jitsu » 08 Feb 2017, 15:17

Duly noted. How long did it take you yokel?
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Re: #SPREADSHEET

Postby Goose » 08 Feb 2017, 15:18

SouthernYokel wrote:
Jew Jitsu wrote:Got tired of looking for the homework thread so this'll do. Closed on my joint last week, need to do some minor touch ups before I move in. Mainly painting the walls and the interior doors. Also wanna add a backsplash while I'm st it. Any tips for a first time son doing all of this? Shit is not difficult and I'm capable of doing it so I'm not interested in having someone do it for me. Thanks!


i shocked the fuck out of myself putting the backsplash behind my old house's stovetop. the hood was on a different circuit than the stove and the circuit breaker was not labeled well. so...if it's an older house, check that shit carefully or kill all the power.


Get used to making trips to Home Depot and make sure to have plenty of cold beer on hand.
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Re: #SPREADSHEET

Postby Jew Jitsu » 08 Feb 2017, 15:19

Home Depot or Lowes? Which one is better or are they the same shit?
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Re: #SPREADSHEET

Postby SouthernYokel » 08 Feb 2017, 15:19

Jew Jitsu wrote:Duly noted. How long did it take you yokel?


it's really easy if you're just tiling it. like 20 minutes, max. i spent more time whining about my hand getting shocked than i did putting the backsplash up.
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Re: #SPREADSHEET

Postby Gregs Kite » 08 Feb 2017, 15:20

SouthernYokel wrote:
it's really easy if you're just tiling it. like 20 minutes, max. i spent more time whining about my hand getting shocked than i did putting the backsplash up.


Sorry to hear about this tragedy.

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Re: #SPREADSHEET

Postby Frank the Tank » 08 Feb 2017, 15:41

Jew Jitsu wrote:Home Depot or Lowes? Which one is better or are they the same shit?


For most stuff it's the same shit. They do carry different brands of appliances so if you're shopping for a big ticket item like a refrigerator you'll get vastly different selections at each.
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Re: #SPREADSHEET

Postby TheWolf » 08 Feb 2017, 15:43

I prefer shopping at Lowes because I feel like the stores are generally just cleaner, they actually keep all their lumber carts in an easy to find place, basically it just feels kind of more "upscale" to me but isn't noticeably more expensive. Maybe that's just my local stores, but I like Lowes better.
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Re: #SPREADSHEET

Postby the cheese » 08 Feb 2017, 15:45

Jew Jitsu wrote:Home Depot or Lowes? Which one is better or are they the same shit?


Don't matter. Buy builder's grade everything if at all possible because one of your dipshit tenants is going to ruin every single appliance in that house at some point or another.
Last edited by the cheese on 08 Feb 2017, 15:46, edited 1 time in total.
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