Jump to content

Brisketexan

Legacy Members
  • Posts

    43604
  • Joined

  • Days Won

    239

Posts posted by Brisketexan

  1. 6 minutes ago, DixonHur said:

    Ok, this literally made me laugh out loud.  Thanks Brisket, I needed it.

    Well, I THINK I used the term correctly here.  Correct?  IQ is based on median score - half of folks score below that median score, half score above it (and, as I understand, IQ tests try to set it so that a score of 100 reflects the true median -- it's adjusted over time, as (hard to believe) we are getting smarter).

  2. 52 minutes ago, wildcat09 said:

    Maybe before Citizens United. Now so long as there isn't an express agreement to exchange money for a specific political favor (e.g. "to vote yes on Bill X") it's perfectly legal. 

    Correct.  What it amounted to was NOT saying "donate money to me, and I'll vote your way."  What he said was "donate money to me, and I won't even LISTEN to your ideological opponents....unless they donate money, too."

  3. Do you know why people watch Jerry Springer?  Because they're stupid.  They are not very intelligent.

    You know how you correct that?

    You don't.

    50% of Americans are of below-median intelligence.  Telling the not-bright to "be smart and do smart stuff" would be like telling my slow ass to "run faster, and win the marathon!"  I can't do it.  No matter how much you tell me how to do it, my old, bum-knee, slow, fatass, ain't winning any marathon.

    Jerry Springer watchers aren't going to be doctors and such.  Shit, many of them aren't sharp enough to hold down any real office job, or job that requires critical thought.  And blue collar jobs are drying up (yes, they're out there, but not like they were in the manufacturing boom years).

    Add to that how precarious the situation is for someone on the edge of poverty (get arrested, get sick, have your car break down, and it ALL falls apart -- you lose your job, your place to live, everything), and it's really fucking easy to be poor.  It's actually somewhat hard to "not be poor."  I'm not making any excuses for anyone -- I'm simply observing the reality on the ground.  Sure, folks from the most wretched places end up being rich....but the ODDS are way against them.

    Give me 100 kids from families that earn $100k plus, and pit them against 100 kids from families that earn under $40k.  Which GROUP will be the most successful?  Same schools, same city, etc. -- which one are you betting on?  Odds matter.  Chances matter.  Advantages matter.  They all figure in to your success.  In most cases, they figure in quite significantly.

    But, it's much easier to pretend that you had no advantages, and tell other folks to "get off their lazy asses and work for your success like I did."  That's just fucking asinine.  I am quite successful.  Some of it is do to innate ability (I was born pretty smart - which is good, because if I was counting on my athletic ability to get me out of the hood, I'd have been fucked).  A good bit of it is due to hard work -- wherever I found myself, I worked hard (eventually -- when I was a young school kid, not so much, I coasted on being smart).  But a CRAPLOAD of it is due to the fact that I had a middle class family, good nutrition, attentive parents, who sacrificed to send me to private schools, were voracious readers and instilled a love of reading in me, etc. etc. for about 1,000 more qualities.  In short, the family I was born into was by far the BIGGEST factor in my success.  Pure, dumb luck.

    My mother's half sister was a worthless junkie.  She had a daughter with some other junkie.  We helped her with the kid for a while, till we pushed her to put her daughter into the foster care and adoption system.  She was adopted at age 6, and grew up in a good, strong family with dedicated parents.  That change in circumstance took her from a dysfunctional kid, to a thriving one and then successful adulthood.  Family unit matters -- it's the biggest determinant of success, across the board.  So, what you're REALLY telling a shitload of people is "choose to be born into a better family."  Like I said, asinine.

    • Like 4
  4. 11 minutes ago, EastTexan said:

     

    Best I ever ate was from a small butcher in a little town in Florida. Friend recommended it. Haven't found any that good since. Been along time ago.

     

     

     

     

    Best I had was from Babineaux's meat market in Breaux Bridge.  It was spicy porky heavenly goodness on a cracker.  When the old man decided to hang it up, none of the kids wanted to take over, and now it's gone.  Gives me a sad.

  5. there are no words

    They don’t care.

    Every accusation (crooked Hillary! She is owned by Wall Street!) is a confession. Every. Fucking. One.

    And the Trumpkins don’t care. If anyone else does this shit, it’s disqualifying. Team Trump does it, and it’s fine. Lather, rinse, repeat.
  6. No you are being deliberately stupid.  There is no contradiction at all.  You are arguing that the "industry" is ONLY HUD and traditional banks.  It is not.  How is this hard for you to grasp.  I will go slowly again.  HUD has different terms than traditional banks.  HUD does not have different terms from a myriad of other non traditional options for financing multifamily.  HUD is not unique in the "industry" but they are unique from traditional  banking that makes up a portion of the "industry".  All of the non traditional financing sources for multifamily will give you equivalent terms to that of HUD.  Otherwise, they would never get any business.

    If other lenders will give you “equivalent terms,” how are HUD’s terms not just an advantage, but the “biggest advantage?” How can something I can get the equivalent of somewhere else be my “biggest advantage?”

    Are you enjoying this? Because I am.
  7. 1 minute ago, sheeeit said:

    Seriously?  Is this how you argue as a lawyer?  I hope not.  

    The market for financing is not, as you seem to argue/think, made up solely of traditional banks and HUD.  There are a myriad of financing options in multifamily.  There are advantages and disadvantages to all of them.  Collectively, they make up the market.  HUD, by no means, dominates the financing market for multifamily.  You seem to be arguing that HUD offers better than market terms.  If so, why don't they have all the business?  This is just stupid.

    You asked a legitimate question about why someone would do a HUD loan that had higher up front fees and a market interest rate.  I tried to explain why someone would go that route.  

    What happened to you?

    It's exactly how I argue as a lawyer.

    I win.  A lot.

    My percentages get even better when dealing with an opposing witness like you.

    I'm not arguing shit -- you are.  I'm just quoting you.  And you got caught in a flat-out contradiction.  Because you lie and bend the truth when it suits your purposes.  You don't like getting caught.  Most liars don't.

    • Like 1
  8. 3 minutes ago, sheeeit said:

    Simply because of HUD's terms, the industry has had to match them.  So, yes, it is market.  

     

    35 minutes ago, David Dennison said:

    The biggest advantage to the HUD deals (and they are fee heavy) is that they will give you a fixed rate loan with a longer amortization than traditional banks.  HUD will actually do 40 year ams and fix the rate for 25 yearsTraditional lenders will be less expensive up front but will only fix the rate for 10 years or so and usually they will not do an am schedule over 20 years. 

    If quote 1 is true, quote 2 is false.

    If quote 2 is true, quote 1 is false.

    Smooth move.

  9. 11 minutes ago, sheeeit said:

    Not much, it is a question of risk.  The biggest advantage to the HUD deals (and they are fee heavy) is that they will give you a fixed rate loan with a longer amortization than traditional banks.  HUD will actually do 40 year ams and fix the rate for 25 years.  Traditional lenders will be less expensive up front but will only fix the rate for 10 years or so and usually they will not do an am schedule over 20 years.  With the HUD deal you give up cash up front to lock in todays interest rate.  They are also assumable, but so are most traditional loans.

    if you are going to sell the asset in the next 5-7 years then HUD is nott he best option but if you intend to hold it long term, then HUD makes some sense.

    So, the bolded part was a lie.  I'd say that different terms (length) and different periods of fixed vs. ARM rate are, ummm, significant differences from traditional financing.  Which renders THIS description false as well:

    Quote

    he fact that people think a program where the borrower pays hundreds of thousands of fees as well as market interest on a loan is welfare is awesome. 

    He's NOT paying market interest -- not over the life of the loan he ain't.

  10. 1 minute ago, sheeeit said:

    If Hannity used it, then he paid hundreds of thousands in fees to HUD and is paying market interest on the debt. 

    Wait.  There's a program where I can get financing to buy real estate, I pay the going interest rate on the financing, AND I pay extra hundreds of thousands in fees?

    SIGN ME UP!

    Seriously, I don't know much about these programs, but you just described a deal that I would think anyone with rudimentary math skills would run away from.  What is missing in your description?

  11. 1 minute ago, C-Man said:

    They could find a way to put wheels on the fucking things.

    Fucking this.  I have one (my wife got it for me as a gift -- not what I would have suggested, but I'm hard to shop for), and it's a pain in the ass to haul anywhere.  And wheel kits for them are like $150.  Ridiculous.

  12. 3 minutes ago, Hugo Stiglitz said:

    The opposite.  We should pull for Macron to keep chumming it up with Trump.  He’s a shitload better influence on Trump that the brutal dictators Trump seems to love.

    Macron is especially important for the U.S. right now since Trump can’t warm up to Merkel or May.

    And 100% this.

    Macron is playing Trump.  And that's good for all of us.  He gets Trump to think they're pals.  And Trump will go along with something from his pal...if his pal plays him the right way.  It's all simple jedi-mind trick shit, and anyone worth a shit who's negotiated with a Gump-like adversary (or partner) has used them.

    Macron: "Man, Donald.  We have always wanted to do X, but Obama just wouldn't go for it.  That was really frustrating."

    Trump: "I'LL DO IT!  OBAMA WOULDN'T, BUT I WILL!"

    If your job is "get Trump to do what I want," there are a lot of EASY ways to do that.  And if you have to act like his bestest buddy to get there, that's the price you gotta pay.

    • Like 4
  13. 1 minute ago, Hugo Stiglitz said:

     

    Was widely expected once Abbott 1) requested an AG opinion on the matter late last week, and 2) got a favorable opinion yesterday (Paxton's office said "if you think there's an emergency, that's probably enough basis to call a special election").  By the way, the turnaround on that AG opinion was, umm, SUPER fast.

  14. 34 minutes ago, Francisco 2.0 said:

    He's clearly a POS.

    But that doesn't mean that she's not crazy, too.  She's a bleach blonde hispanic Trumpkin who had an affair with a married man and had his baby, expecting things to work out a-ok.

    The best people.

     

    The Kellyanne crack is funny, though.  Rude, misogynist, and utterly inappropriate....but it's the Trump White House.  I'd expect that various people's boobs are the topic of at least 30% of the conversations around there.

×
×
  • Create New...