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Horseshit - Page 2

post #51 of 84
I have sympathy for someone who gets an ARM because they have shitty credit and they're trying to get a home. I think those people got genuinely fucked over. They probably should have planned better, but I understand the desperation in today's society, with the "If you don't own a home you're just a sucker" mentality.

But ARMs for investment properties? Not a chance. Enjoy the downfall.
post #52 of 84
Thread Starter 
Quote:
Originally Posted by Graham
Bwa-hahhahhhahaahahhah

you think Bush put me in this position?

Graham?
post #53 of 84
Thread Starter 
Quote:
Originally Posted by Richard Dickson
Did you even talk to an accountant or tax attourney before embarking on this little enterprise? They may have been of some small help.
Yes I did. Hello, I am covered. My renters are not.
post #54 of 84
Thread Starter 
Quote:
Originally Posted by Alan "Nordling" Cerny
I have sympathy for someone who gets an ARM because they have shitty credit and they're trying to get a home. I think those people got genuinely fucked over. They probably should have planned better, but I understand the desperation in today's society, with the "If you don't own a home you're just a sucker" mentality.

But ARMs for investment properties? Not a chance. Enjoy the downfall.
I have awesome credit, just trying to help otheres.
post #55 of 84
Quote:
Originally Posted by Richard Dickson
Did you even talk to an accountant or tax attourney before embarking on this little enterprise? They may have been of some small help.
Talking to an accountant about tax law is like talking to the average Star Wars fan about quantum mechanics: yeah, they may know the buzz-words and the general concepts, but they don't get the big picture. Either way, some financial prudence was necessary here.
post #56 of 84
That's laughable. If your credit was so awesome, why did you decide not to get fixed rate mortgages? You're trying to take someone for a ride.
post #57 of 84
Quote:
Originally Posted by witchesbrew
Yes I did. Hello, I am covered. My renters are not.
Then you're kind of not, unless you can afford to go without the rent from X number of properties, in which case, you really shouldn't be worrying.
post #58 of 84
Quote:
Originally Posted by witchesbrew
My point was, pointdexter, was that Jan. comes on and I dont wanna pay my taxes. I dont think I owe them.

I am coherent, asswipe. You are just what?
Keep working on that sentence structure. You'll get the hang of English eventually!
post #59 of 84
Thread Starter 
Quote:
Originally Posted by Alan "Nordling" Cerny
That's laughable. If your credit was so awesome, why did you decide not to get fixed rate mortgages? You're trying to take someone for a ride.
There where things about which you dont know. Reasons that you have no knowledge Numnuts. Fixed rate at that time were less than genious, idiot.
I take no one for a ride, why you say that?
post #60 of 84
I'm sure those rates are a lot better now. Giggle.
post #61 of 84
Thread Starter 
Quote:
Originally Posted by Alan "Nordling" Cerny
I'm sure those rates are a lot better now. Giggle.
I rolled the dice, and may have lost.
You however, never had the balls to.
I'll win in the meantime and you will rest a loser.
post #62 of 84
If my numbers are correct, I'm getting quite a bit back from taxes this year. I love my fixed rate mortgage. I have no interest in playing the property game when I'm already fairly comfortable.

And, in the end, I can write a sentence. You, on the other hand, are shaking, much like Tom Hanks in SAVING PRIVATE RYAN, as you struggle oh so mightily to take the beach of Coherent Thought.
post #63 of 84
Quote:
Originally Posted by Alan "Nordling" Cerny
...the beach of Coherent Thought.
I went there once for vacation. It was nice.
post #64 of 84
Thread Starter 
Quote:
Originally Posted by Alan "Nordling" Cerny
If my numbers are correct, I'm getting quite a bit back from taxes this year. I love my fixed rate mortgage. I have no interest in playing the property game when I'm already fairly comfortable.

And, in the end, I can write a sentence. You, on the other hand, are shaking, much like Tom Hanks in SAVING PRIVATE RYAN, as you struggle oh so mightily to take the beach of Coherent Thought.
Taxes? Not as well as I.
Love it, snuggle it, give it head.
It comes off the top of my earned income.
I come out smelling like a rose.
post #65 of 84
Quote:
Originally Posted by witchesbrew
I take no one for a ride, why you say that?


Somebody set us up the ARM!
post #66 of 84
Quote:
Originally Posted by witchesbrew
Taxes? Not as well as I.
Love it, snuggle it, give it head.
It comes off the top of my earned income.
I come out smelling like a rose.
Then what the fuck are you bitching about? Talking to you is like talking to a random word generator. I'll talk like one back.

Speaker. Blog. Avalanche. Giraffe gnome.
post #67 of 84
Copper, you never fail to make me laugh.
post #68 of 84
Ah, it's good to be back...
post #69 of 84
Thread Starter 
Quote:
Originally Posted by Farmer Vincent's fritters
This thread is bottled insanity. If your renters cant afford to pay rent because your ARM payments went way up, you are more screwed than they are in this market and if you have enough cash that you can cover the costs, you'd have never gotten an ARM (multiple ARMs?) in the first place.

Put the shine down and back away from your Commodore 64 keyboard.
They can afford to pay 2 years ago at the agreed lease. Loss to me at present.
I had an ARM beforehand. Multiples.
Interest only is off the top of earned income. Loss incurred, asshole.
A rose.
post #70 of 84
Quote:
Originally Posted by Martin Savage
Why are you people expecting some sort of rational behavior out of witchesbrew?
Even a broken clock stops hitting itself in the head with a claw hammer twice a day.

Or something.
post #71 of 84
Quote:
Originally Posted by witchesbrew
There where things about which you dont know. Reasons that you have no knowledge Numnuts. Fixed rate at that time were less than genious, idiot.
Back in 03-04? That's when I bought my house and the fixed rates were smoking hot.
post #72 of 84
I myself definitely don't have the power for old bruce wayne, but if someone around here does, I think this thread has overstayed its welcome.
post #73 of 84
Oh? Jokes on armadillos.
jumping jacks

apple pie delicious backwards. What now?
post #74 of 84
I was overwhelmed by the power of this place; but I made a mistake, too. I didn't have enough respect for that power and it's out now. The only thing that matters now are the people we love: Alan and Cobretti and Chris. LD, they're out there where people are dying.
post #75 of 84
The haiku thread is found elsewhere, I believe.
post #76 of 84
Thread Starter 
Quote:
Originally Posted by gravedigger
Back in 03-04? That's when I bought my house and the fixed rates were smoking hot.
I guess you were playing house. Kids and all.
Blessed be you.

Others are rolling the dice. Fixed rate be damned, I'm talkin investment prop, mot kiddyland.
post #77 of 84
(yawn)
post #78 of 84


"Horseshit.. horseshit is manure... manure is fertilizer... fertilizer is used to grow crops... farmers sell crops for money... money is used to pay taxes! Robin! This thread is about taxes!"
post #79 of 84
Quote:
Originally Posted by witchesbrew
Others are rolling the dice. Fixed rate be damned, I'm talkin investment prop, mot kiddyland.
You can't brag about being some kind of risk-taking, high-rolling venture capitalist in the same fucking thread that you're whining about the Big Bad Evil G'ubment keeping you down.

Grow a pair, pay your fucking taxes and find customers that can afford the goddam rent.
post #80 of 84
Quote:
Originally Posted by Chris O.
You trying to steal my thunder, Graham?
Oh, no.
Just give your thunder a longer reverberation.
post #81 of 84
Wow, Imagine having Witchesbrew as your landlord.
That'll keep you up at night...
post #82 of 84
Hmmm....

1) Witches complains about big government taking his money

2) Has multiple ARMS on "Investment Properties"

3) Is worried about his tenants who he says cannot pay the mortages

4) But (S)HE owns the properties, meaning (S)HE has the mortgages

5) When derided for engaging in reckless speculation with shady loans, Witches then brags about making money via taxes and smelling a rose, smelling like a rose, or sniffing roses.

I can't put my finger on it, but something just doesn't quite add up.
post #83 of 84
You sure you you don't mean 'ALMS'?
-money, food, or other donations given to the poor or needy; anything given as charity: The hands of the beggars were outstretched for alms.












...I THOUGHT AS MUCH!!
post #84 of 84
We need to get Witchesbrew set up with his own infomercial right now.

YOU MAKING MONEY ON REAL ESTATE BIG! INVESTMENTS ON RETIRE! HAPPY SMELLING ROSES TIME! ASSHOLE!
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