Any Davek Umbrella users out there?

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LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
alkemyst said:
In reality if you trusted your own 'knowledge' you should be a millionaire by flipping properties. It's just like those that said gold would only go to 1200, 1400, etc.

In 2007 6.875 was a good rate with MI. My score was a 680 middle which was due to my large amount of school loan debt at the time. If I was at 720 or better I'd probably qualify for .5% less. Rates began falling right after my loan though.

I have plenty of post on CreditBoards about my citi issues. Feel free to go see.

Hate to break it to you but calling me a fool of that puts me in with many other pretty important people that thought the bubble was over too. The section 8 thing and political asylum has further wrecked places. The condo market was hit heavy by places that were only supposed to be owner-occupied still being sold to investors and now crippled by no one paying condo fees.

No one predicted how bad S. Florida would be hit. In reality I bought conservatively at the time. I have no desire for huge homes. Many of my peers are much more upside down due to buying in the $500-600k range, some over a million only to have those same homes priced around $300-350k. Sure they have non-high end finishes now, but it killed their value just the same...they will be lucky to sell for $20-30k more than a 'lesser finished' home as those improvements just don't scale well.
Click to expand...

Where are you going to "flip" houses by making money on the downside? Further, were are you going to short houses without a few million and an inside leg into ABX trades? I fully admit I don't have the juice for that, few did.

you never try to catch a falling knife. I've told many people this in my personal life, some ignored it and have paid the price, others have listened and profited. My parents sold their house in 2007 b/c advised them to and "made" 50k on it pre-downturn.

It was really common sense, I saw the BS doing on in Orlando. When they converted a HoJo to condos on Kirkman Drive (the ones on by the intersection going to Mall at Millenia) and tried to sell them for $250k starting in 2005, I knew it was a BS market. Further, when you could tour houses in 2006-2007 and see how the devs were running out of cash so they plopped cheap shit finishing into the houses, you knew they were desperate to sell them.

It didn't take much to know, just an objective view.


Face it, you're not even a half as smart as you think you are. Enjoy the flipped house and the old-ass overpriced car.
 
T

The-Noid

Diamond Member
Nov 16, 2005
3,117
4
76
InfinitySquared said:
You should get Burberry, it would suit you:

group_chavs.jpg
Click to expand...

Don't rip Burberry!
 
alkemyst

alkemyst

No Lifer
Feb 13, 2001
83,769
19
81
momeNt said:
If I were you, I'd be sneaky about it and just tell the vet to euthanize them when your wife isn't around. Feral cats don't mesh with S. Floridas ecosystem very well, they are an invasive species and just keeping them alive (albeit fixed) still does harm to the fragile marsh ecosystem.
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Well the only two ecosystems they access is the middle school cafeteria behind my house and my yard. I am coastal so we don't have a lot of critters living.

Before I fed them they were very destructive. Now everyone's trash is safe :)

Unfortunately even fixing these cats, more are introduced by bad owners that let their unfixed cats roam. With the rentals getting more and more there are more cats.

I have about 10 or so regulars and about another 50 or so cats that randomly come and go during the week.

Some I may only see every few months.
 
alkemyst

alkemyst

No Lifer
Feb 13, 2001
83,769
19
81
LegendKiller said:
Where are you going to "flip" houses by making money on the downside? Further, were are you going to short houses without a few million and an inside leg into ABX trades? I fully admit I don't have the juice for that, few did.

you never try to catch a falling knife. I've told many people this in my personal life, some ignored it and have paid the price, others have listened and profited. My parents sold their house in 2007 b/c advised them to and "made" 50k on it pre-downturn.

It was really common sense, I saw the BS doing on in Orlando. When they converted a HoJo to condos on Kirkman Drive (the ones on by the intersection going to Mall at Millenia) and tried to sell them for $250k starting in 2005, I knew it was a BS market. Further, when you could tour houses in 2006-2007 and see how the devs were running out of cash so they plopped cheap shit finishing into the houses, you knew they were desperate to sell them.

It didn't take much to know, just an objective view.


Face it, you're not even a half as smart as you think you are. Enjoy the flipped house and the old-ass overpriced car.
Click to expand...

Enjoy being 'meant to rent'.

Let us know when you make your first million. Since you know the market you should be out there snagging deals left and right...what's been stopping you? Why aren't you one of the self-made millionaires of the mid 2000s?

Because you were just guessing.


I am going to hate driving home tonight :(
 
L

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
alkemyst said:
Enjoy being 'meant to rent'.

Let us know when you make your first million. Since you know the market you should be out there snagging deals left and right...what's been stopping you? Why aren't you one of the self-made millionaires of the mid 2000s?

Because you were just guessing.


I am going to hate driving home tonight :(
Click to expand...

I'll rent for a while yet, why buy when houses are going to go down more? Besides, I'm not long for NYC and I'd rather not waste the broker/closing...etc fees on buying a house that I will live in less than 5 years. But then again, if I was a fool like you I'd buy a house and waste 50-60k and then post on here about buying a $100 umbrella.

LOL, just "guessing", OK chuckles. Just like you were "just guessing" on your house, on your car and pretty much everything else in your life.

I am far ahead of you as far as net worth, considering you're 300k flipped just on your house and another few k on your car. So much for you being all big and shit.

It's funny though, the company that I was working for in Orlando was selling "hurricane proof" umbrellas when I was there in 2003-2006, during the years of the big storms. I got 2 for $30 each and they were damn good. I guess $100 umbrellas are 3x as good.

Money <> brains, as you can see from your shitty financial decisions.
 
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alkemyst

alkemyst

No Lifer
Feb 13, 2001
83,769
19
81
LegendKiller said:
LOL, just "guessing", OK chuckles. Just like you were "just guessing" on your house, on your car and pretty much everything else in your life.

I am far ahead of you as far as net worth, considering you're 300k flipped just on your house and another few k on your car. So much for you being all big and shit.

It's funny though, the company that I was working for in Orlando was selling "hurricane proof" umbrellas when I was there in 2003-2006, during the years of the big storms. I got 2 for $30 each and they were damn good. I guess $100 umbrellas are 3x as good.

Money <> brains, as you can see from your shitty financial decisions.
Click to expand...

My house was a bad deal, it's been pretty much my only 'bad investment'. I was able to buy my first house at 23 in Wellington, Florida when it was still only upper middle class and above. Prior to the multi-family and all that. Nice 3/2/2 on a 1/2 acre on a canal with pool and two new cars.

So my question is since you aren't 'guessing' how come you aren't making a shit load of money?

My car is 'worth' the same as I paid for it. These cars aren't depreciating much. The problem with that is edmunds and KBB report it differently and that's what insurance goes on.

You can do your own searching on auto trader and the like and see $30k+ is where a good ZCP starts.

However, I didn't buy this car for resale value. I plan on keeping it a long time. It was worth $45k to me over everything else at $55k and below.

Of course everyone here seems to talk like even $40k in 'nothing' for a car, yet they roll around in a 1988 Accord with manual windows and locks :) because spending more is just a waste.
 
T

The-Noid

Diamond Member
Nov 16, 2005
3,117
4
76
alkemyst said:
My house was a bad deal, it's been pretty much my only 'bad investment'. I was able to buy my first house at 23 in Wellington, Florida when it was still only upper middle class and above. Prior to the multi-family and all that. Nice 3/2/2 on a 1/2 acre on a canal with pool and two new cars.

So my question is since you aren't 'guessing' how come you aren't making a shit load of money?

My car is 'worth' the same as I paid for it. These cars aren't depreciating much. The problem with that is edmunds and KBB report it differently and that's what insurance goes on.

You can do your own searching on auto trader and the like and see $30k+ is where a good ZCP starts.

However, I didn't buy this car for resale value. I plan on keeping it a long time. It was worth $45k to me over everything else at $55k and below.

Of course everyone here seems to talk like even $40k in 'nothing' for a car, yet they roll around in a 1988 Accord with manual windows and locks :) because spending more is just a waste.
Click to expand...

FYI: Insurance and loans use nadaguides. Not KBB or Edmunds.
 
L

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
The-Noid said:
FYI: Insurance and loans use nadaguides. Not KBB or Edmunds.
Click to expand...

How would you know that I'm not? Because I don't brag about buying stupid shit?


You apply your mentally deficient rubric to my situation and automatically think that I should be bragging. However, as you can see from these posts, nobody gives a shit about your bragging, so why should I do it also?
 
Ns1

Ns1

No Lifer
Jun 17, 2001
55,420
1,600
126
this may be the worst thread in ATOT history.

Whether or not you know it, alky owned you all

alkemyst 78
ChopperDave 17
momeNt 15
InfinitySquared 11
roguerower 10
The-Noid 7
LegendKiller 7
 
T

The-Noid

Diamond Member
Nov 16, 2005
3,117
4
76
LegendKiller said:
How would you know that I'm not? Because I don't brag about buying stupid shit?


You apply your mentally deficient rubric to my situation and automatically think that I should be bragging. However, as you can see from these posts, nobody gives a shit about your bragging, so why should I do it also?
Click to expand...

You quoted incorrectly!

Also: the carry is too high in any kind of habitual housing short at this point...
 
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shortylickens

shortylickens

No Lifer
Jul 15, 2003
80,287
17,081
136
My moms new Solo just came in.
MUCH nicer, but I dont know if its worth 100 bucks. Still seems to be made of the ultra thin flimsy bars like the Mini. But at least it opens and closes automatically, and has a decent canopy.
 
alkemyst

alkemyst

No Lifer
Feb 13, 2001
83,769
19
81
The-Noid said:
FYI: Insurance and loans use nadaguides. Not KBB or Edmunds.
Click to expand...

Interesting they don't list all my options, but the car comes in at $37250 when I bought it (price was $36990 for just the car) and 10k miles later still worth $36100.
 
alkemyst

alkemyst

No Lifer
Feb 13, 2001
83,769
19
81
shortylickens said:
My moms new Solo just came in.
MUCH nicer, but I dont know if its worth 100 bucks. Still seems to be made of the ultra thin flimsy bars like the Mini. But at least it opens and closes automatically, and has a decent canopy.
Click to expand...

how is the handle with the clip on it? I don't know how comfortable that is. It also sucks they got rid of the option for a strap. Makes it easy to secure it to a bag.
 
alkemyst

alkemyst

No Lifer
Feb 13, 2001
83,769
19
81
LegendKiller said:
How would you know that I'm not? Because I don't brag about buying stupid shit?


You apply your mentally deficient rubric to my situation and automatically think that I should be bragging. However, as you can see from these posts, nobody gives a shit about your bragging, so why should I do it also?
Click to expand...

wow bro, you so mad and up in your thesaurus that you attacked the wrong dude.
 
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