
Wulaw Horn
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Wulaw Horn last won the day on September 11 2021
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20467 Surly 1%About Wulaw Horn

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Agreed. I try to hold back on really diving in bc managers just don’t make that much of a difference but damn if that guy isn’t hard to respect, like, appreciate. At least Dusty was a living legend and told good stories. I don’t think Espada does anything above average.
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All Encompassing Mortgage and Real Estate Thread
Wulaw Horn replied to UTPhil2006's topic in Business and Markets
Would it make you happy? Solve a problem? Can you afford to do it? Then yes. -
Espada is a special kind of moron. like- stop bringing your leverage guys in mid inning. 1 guy has 7th, 1 guy has 8th, 1 has the 9th. Leave it alone you drooling idiot.
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Altuve is the only guy in MLB that could make that play! (Nobody else in LF would have had a green light on them).
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All Encompassing Mortgage and Real Estate Thread
Wulaw Horn replied to UTPhil2006's topic in Business and Markets
That’s essentially how it is in Texas in counties that border the gulf. You get two policies. The fire one is dirt cheap and the other one is windstorm through TWIA. That’s Texas wind something something I believe and is a state type deal I believe. -
All Encompassing Mortgage and Real Estate Thread
Wulaw Horn replied to UTPhil2006's topic in Business and Markets
Tell me how- if we collected more over the time period after tax cuts than we would have if just growing at the rate the economy has grown in this century we have a revenue problem. I’m all ears bc I don’t understand the answer nor the thought process. Did chat gpt forget to carry a 1 or something? Is the underlying data wrong? Nvm. This whole page sucks (not that the discussion is bad or that I mind it) because that’s not what this thread is about. -
All Encompassing Mortgage and Real Estate Thread
Wulaw Horn replied to UTPhil2006's topic in Business and Markets
Treasury collection from 2017-2024 total- not by year. ChatGPT said: Between fiscal years 2017 and 2024, the U.S. federal government collected a total of approximately $34.3 trillion in revenue. This figure encompasses all sources of federal income, including individual and corporate income taxes, payroll taxes, excise taxes, and other receipts.Fiscal Data For detailed breakdowns by revenue source or further information, you can explore the Monthly Treasury Statement dataset.Fiscal Data+4Fiscal Data+4Fiscal Data+4 Sources 4.1-mini You said: Treasury collection in 2017 ChatGPT said: In fiscal year 2017, the U.S. federal government collected approximately $3.32 trillion in tax revenue. This total includes individual income taxes, Social Security and Medicare payroll taxes, corporate income taxes, and other receipts such as excise taxes and customs duties. Wikipedia The breakdown of major revenue sources for FY 2017 was as follows: Individual Income Taxes: $1.587 trillion (48% of total receipts) Social Security and Medicare Payroll Taxes: $1.162 trillion (35%) Corporate Income Taxes: $297 billion (9%) Other Receipts: $135.9 billion (4%) WikipediaBureau of the Fiscal Service These figures reflect the government's revenue collection during the fiscal year, which ran from October 1, 2016, to September 30, 2017. Sources 4.1-mini You said: Total collection if you start at 3.32 and compound at 2% over 8 years ChatGPT said: It seems like I can’t do more advanced data analysis right now. Please try again later. 4.1-mini You said: 3.32 compounded over 8 years at 2% yearly. ChatGPT said: To calculate 3.32 compounded annually at 2% over 8 years: Future value = 3.32 × (1 + 0.02)⁸ = 3.32 × (1.1717) ≈ 3.89 So, after 8 years, the amount would be approximately 3.89 trillion. 4.1-mini You said: Add all 8 years together. ChatGPT said: To get the total amount accumulated over all 8 years with 2% annual compounding, we sum each year’s value: Year 1: 3.32 × 1.02¹ Year 2: 3.32 × 1.02² ... Year 8: 3.32 × 1.02⁸ This is a geometric series. The formula for the sum is: S = P × [( (1 + r)^(n+1) - (1 + r) ) / r ] Where: P = 3.32 r = 0.02 n = 8 Calculating: S = 3.32 × [ (1.02⁹ - 1.02) / 0.02 ] Let me calculate that: 1.02⁹ ≈ 1.19405 So, (1.19405 - 1.02) / 0.02 = 8.7025 Then: S ≈ 3.32 × 8.7025 ≈ 28.89 trillion So, the total over 8 years would be about 28.89 trillion. -
All Encompassing Mortgage and Real Estate Thread
Wulaw Horn replied to UTPhil2006's topic in Business and Markets
The average annual U.S. real GDP growth rate from 2000 through 2024 was approximately 2.0%. This period encompassed significant economic events, including the early 2000s recession, the Great Recession of 2008–2009, the COVID-19 pandemic, and subsequent recoveries. -
All Encompassing Mortgage and Real Estate Thread
Wulaw Horn replied to UTPhil2006's topic in Business and Markets
Here is a summary of U.S. federal government total receipts from 1999 to 2008, based on data from YCharts: Year Total Receipts (USD) 2008 $2.610 trillion 2007 $2.695 trillion 2006 $2.567 trillion 2005 $2.330 trillion 2004 $2.053 trillion 2003 $1.918 trillion 2002 $1.896 trillion 2001 $2.060 trillion 2000 $2.096 trillion 1999 $1.935 trillion This data reflects the federal government's total receipts, which include various sources such as individual income taxes, corporate taxes, payroll taxes, and other revenues. YCharts If you need a visual representation or further breakdowns by revenue source, feel free to ask! Sources 4o You said: If I started at 2.06 and got 2% compounded growth annually how much would I have in 5 years. ChatGPT said: If you started with $2.06 trillion and experienced 2% compounded annual growth, after 5 years you would have approximately $2.27 trillion. 4o You said: How much would that add up to over that 5 years? ChatGPT said: Over the 5 years, the total accumulated revenue with 2% annual compounded growth would add up to approximately $10.93 trillion. 4o You said: How much did the actual results add up to over 5 years starting in 2002 ChatGPT said: The actual total federal revenue from 2002 to 2006 added up to approximately $10.76 trillion looks to me like we collected about 99% of what we would have collected without the tax cuts and 5 years in we were collecting more than would be expected otherwise. By year 6 we had collected more than we would have expected to if we didn’t touch taxes in 2001. -
All Encompassing Mortgage and Real Estate Thread
Wulaw Horn replied to UTPhil2006's topic in Business and Markets
Tell me what I’m missing in really small words like I’m an idiot to explain how this tax policy is killing us. I see flat revenue for 3 years and then huge growth afterwards. The 15t or whatever added to debt is entirely a spending problem. pit another way/ I will bet you 2 or 3 years from now the budget deficit is lower than it was in 23 and 24. -
All Encompassing Mortgage and Real Estate Thread
Wulaw Horn replied to UTPhil2006's topic in Business and Markets
Is this where I’m supposed to blame tax policy in late 2017 (no affect until 2018 on revenues) on exploding the deficit? Year Total Receipts (USD) 2024 $5.143 trillion 2023 $4.869 trillion 2022 $5.154 trillion 2021 $4.451 trillion 2020 $3.786 trillion 2019 $3.721 trillion 2018 $3.606 trillion 2017 $3.760 trillion 2016 $3.481 trillion 2015 $3.469 trillion -
All Encompassing Mortgage and Real Estate Thread
Wulaw Horn replied to UTPhil2006's topic in Business and Markets
The bolded part is the main point/ nothing we are doing now is fundamentally different than doing nothing is my point. also- revenues are up bigly from 2017. We have a spending problem not a revenue problem. We are not serious about that. We won’t be serious about that. So none of the other shit matters. as far as the 2001 and 2017 cuts go that you are taking a victory lap on you are wrong. Maybe I should say you should be better than that. Show me on the chart where revenues declined in any kind of appreciable manner and I will maybe consider giving a shit about that. -
All Encompassing Mortgage and Real Estate Thread
Wulaw Horn replied to UTPhil2006's topic in Business and Markets
I don’t know what that even means. It’s funny- someone was bragging upthread about their 6.875% interest rate they just signed. I have closed 40 deals so far and exactly one of them had a rate over 6.875%. 1/2 my deals have buy downs I paid on them at better than that. Whatever. I’m the dumbest mortgage broker in America in that I work for an average of 122 basis points a transaction (gross) and the only reason it’s that high is because I typically have a 40 or 60 bip incentive on the vast majority of my files. -
All Encompassing Mortgage and Real Estate Thread
Wulaw Horn replied to UTPhil2006's topic in Business and Markets
No- you are misunderstood what I was saying. What I am saying is that so far the parade of horribles spoken about from runaway inflation due to Tariffs has not happened. Might it? Maybe. There’s also smart people saying it won’t be near as bad as predicted, and to the extent we see any increase it will be a one time event. I’m generally pretty anti-Tariff as any kind of permanent governing philosophy, I’m just skeptical of pretty much every economic figure I see problem yammering about. Their track record essentially sucks. Time will tell. -
All Encompassing Mortgage and Real Estate Thread
Wulaw Horn replied to UTPhil2006's topic in Business and Markets
Yes. Insurance is an absolute besting right now in Texas. It’s a massive problem. Get a broker and they might be able to save you some of that increase but it’s still a no lube at all situation.
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