Wife went on a shopping spree

[rahvin]

Originally posted by: BigJ
If you read my post, I had said that the mortgage payments should all even themselves out considering when they decide to sell both of them, they'll both make a pretty nice chunk off of the sale.

He said it himself the mortgage is going to be paid off within 10 years. And assuming it was his parents house to begin with, I highly doubt that the mortgage covered the entire cost of the house.

So at your figure of $1000 a month, with 10 years left, that's $120,000 hes investing into the house, plus say for arguments sake another $30-$40k. So say he put $160,000 in that house. For arguments sake, when the parents die, he sells the house for $250-$300k. So that means he made anywhere from $90k-$140k, just for supporting his parents. Not to mention he gets the money back which he put into the house. And this also doesn't take into account any maitenence or improvements his parents do on the house while living there (which they're more than likely doing to at least a small extent).

Now tell me why is that a bad investment?

We'll use your numbers and assume that given the local real estate market he is in (which is a localized bubble market) that inflation plays no factor as value growth matchs inflation for the life of his parents. Lets assume that his parents live an additional 20 years.

Replacing the Shingles, furnace and AC at the end of the 20 years = $10,000 (we won't inflation adjust just to give you back a little.
Current Cost of Investment = 160,000
Future Value of Investment = 290,000
Number of Years = 20

Rate of Return = 3.02%, had he invested the money in BONDS he would have gotten a higher rate of return. Even at half a million dollars at sale the ROR is still under 6%.

So his provisions for the future are actually COSTING them money in lost interest and growth that would be realized if he invested the money into an investment vehicle that actually had a ROR. As I said all along, real estate is a HORRIBLE investment if you aren't living in it, or renting it. Now if his parents are going to die in 10 years it might pay off, but I would wager his parents are quite young and 20 years was probably an under-estimate, it's probably closer to 30 years.

So don't be going and throwing out the mortages because they DON'T balance out, her expense is putting a roof over their head, his is wasting their money supporting his parents.

I take no responsiblity if the ROR I calculated was incorrect, I don't have my HP48 with me and I relied on a website to calculate it as it's a pretty simple formula.

http://www.moneychimp.com/calculator/discount_rate_calculator.htm

 

[Red Dawn]

Originally posted by: sygyzy

Originally posted by: Geekbabe

Originally posted by: PingSpike
GeekBabe is right. He should divorce her ASAP and then she can pay for her own lunches, gas, food, and the rest of the bills he covers.

Everyone wins. She gets to buy whatever she wants without that asshole husband of hers breathing down her neck, and OP gets to stop worrying about stumbling off into bankruptcy whenever the credit card bill comes.

His wife pays for their entire mortgage and all the utilities, she also pays for her own car
and I didn't see anywhere near 3300 hundred dollars spent on clothing in that cc bill.

Perhaps the OP either needs to sell the first house or start chaging hisparents some rent ?

Charging his parents for rent for the house they gave him? The irony.

If they gave him the house how come he has to pay a mortgage for it? Is he p[aying off a second mortgage?

 

[rahvin]

Originally posted by: Red Dawn
If they gave him the house how come he has to pay a mortgage for it? Is he p[aying off a second mortgage?

It's called the screw your kid while he's too dumb to run the numbers and realize he's getting the short end of the stick. It must be an asian thing. Either that or they raised him to be a sucker for this very event.

Gotta admit Red, it's a pretty good deal for the parents and if the kids stupid enough to do it, eh more power to the parents.

 

[digitalsm]

Originally posted by: YOyoYOhowsDAjello

Originally posted by: Red Dawn

Originally posted by: Pepsei

Originally posted by: Skoorb
She spent $3300 on clothes then or what?

Target 31.48
Regis 26.00
Jack B Nimble (wtf is this?) 31.49
Crate & Barrel (wtf is this?) 72.35
Palani Drive (?) 12.60
Starbucks 40.55 (wtf at starbucks cost that much?)
The Greenhouse (?) 36.36
Environs 188.90
Target 150.52
Old Navy 47.26
Kohl's 33.50
Target 93.53
Ann Taylor Loft 62.99

Not even close to $3,300

He already said:

"WTF, I can understand with most of transactions from eating out, but why does she need to shop for cloth every freaking months?"

That's about $800 on clothes in one month if those are all hers.

You cant just assume $300 at Target is all clothes. Crate and Barrel isnt clothes. Starbucks isnt clothes. Niether The Green House or Environs sound like clothes either.

 

[digitalsm]

Originally posted by: mwtgg

Originally posted by: Geekbabe

Originally posted by: Doboji

Originally posted by: Geekbabe
Her wages pay the mortgage and utlities,she also makes her own car payment and you're complaining about what exactly ?

She spent $3300 on his CC that HE has to pay. Appears to me THEY can't afford the Lexus. She bought it withough consulting him at all. You think this is ok? would you be ok if Red Dawn decided to buy a Lexus SUV without consulting you first?

-Max

Her paycheck covers their mortgage while his parents live rent free in another property that they own.Her paycheck also provides the lights and gas for the house the OP lives in.

She's just supposed to be a good lil' submissive csunt and pay for everything for everybody else while walking to work I suppose ?

Wow, she spends too much and he has to cut back on his spending.

I guess he's supposed to be a good lil' submissive csunt and pay for everybody else while walking to work I suppose.

Well one she didnt run up $3300, she ran up $800, and it wasnt all on clothes, alot of the places sound like stuff for the home.

 

[digitalsm]

Originally posted by: BigJ

Originally posted by: rahvin
Well I have to say that I don't think you have a position to say a fvcking thing to her. She is after all supporting you completely while you spend all your money on your parents. Hell I don't know why she keeps you around, if I was her I would get tired of a completely one sided arrangement like that. I hope you are a good housekeeper and don't let her do a thing around the house with her supporting you completely.

Um you do realize he is paying a mortgage on a house. Which is basically saving for their retirement (even though his parents are living in the house, he will own it), and a nice chunk of change at that (probably anywhere from $200,000 to $400,000, if not more). So I'd say that pretty much cancels that part of the equation where shes paying a mortgage.

Then she pays for her Lexus SUV and house utilities. Figure thats what, $400-500 for the car, plus say $300-400 in utilities? So thats $900/month, with only $300-400 going towards the couple.

Pepsei is paying for all the gas ($400 a month according to his bill), food (say it's just groceries, say its $50 in groceries a week per person) which is $400 a month, then in addition to that, hes got all the other bills. Add onto that the bare essentials for just living, and I bet thats at least another $150-$200 a month. So thats $1,000 a month going towards the couple, and probably a bit more seeing how they eat out and what-not.

So basically, hes paying at the bare minimum double what she's paying towards the lifestyle of the couple, and blowing all of the money he has left over on stupid sh!t that she wants.

I think he has every right to complain.

Especially when you spend $500 on a fvcking motorcycle windshield without talking about it with him.

The only problem with their life style is they eat out way to f'ing much.

 

[JoeKing]

she better be hot...

 

[digitalsm]

Originally posted by: PaulNEPats
This thread definitely promotes bachelorhood.

You are letting the OP off the hook. They are BOTH so f'ing financially irresponsible.

 

[JoeKing]

Originally posted by: digitalsm

Originally posted by: PaulNEPats
This thread definitely promotes bachelorhood.

You are letting the OP off the hook. They are BOTH so f'ing financially irresponsible.

Threads too long to read. Did the OP post how much they earn combined monthly/annually?

 

[randal]

Maybe I'm just young and poor, but they just piss away nearly as much money as I take home in a whole month! You guys must be banking to afford to live like that -- makes me wonder where in America ya'll live and what you both do.

 

[Ronstang]

Pepsei.....aren't you the Asian guy who posted a while back about marrying a white girl and you were having problems because she didn't want to allow any of your Asian relatives/friends at the wedding? If so, we already told you not to marry this woman and now you are realizing why.

 

[Red Dawn]

Originally posted by: rahvin

Originally posted by: Red Dawn
If they gave him the house how come he has to pay a mortgage for it? Is he p[aying off a second mortgage?

It's called the screw your kid while he's too dumb to run the numbers and realize he's getting the short end of the stick. It must be an asian thing. Either that or they raised him to be a sucker for this very event.

Gotta admit Red, it's a pretty good deal for the parents and if the kids stupid enough to do it, eh more power to the parents.

Yeah he could have just waited for them to die and he would have inherited the house (if his concerns were aquirinbg the house in the first place)

 

[alm4rr]

http://www.yagt.org/forums/index.php?s=...0027dc9b5d5d5aab5982868&showtopic=2202

 

[alm4rr]

Originally posted by: Pepsei

Originally posted by: Baked
Ok, we get it, you're rich, stop bragging already.

I'm not rich.

hah you sound like that guy on the TV credit commercials...

"How do I do it?

I'm in debt up to my eyeballs!"

 

[PingSpike]

Originally posted by: Red Dawn

Originally posted by: rahvin

Originally posted by: Red Dawn
If they gave him the house how come he has to pay a mortgage for it? Is he p[aying off a second mortgage?

It's called the screw your kid while he's too dumb to run the numbers and realize he's getting the short end of the stick. It must be an asian thing. Either that or they raised him to be a sucker for this very event.

Gotta admit Red, it's a pretty good deal for the parents and if the kids stupid enough to do it, eh more power to the parents.

Yeah he could have just waited for them to die and he would have inherited the house (if his concerns were aquirinbg the house in the first place)

I won't pretend to know the circumstances of the mortgage and pepsi's parents. Nor will I claim to be any expert on real estate. But I could only assume that with 10 years left on what must have been a 30 year mortgage he would surely be paying in less than the house was worth, given that it was originally purchased 30 years ago and real estate has gone way up in value since that time. I assumed this was just a good investment opportunity for retirement.

 

[Red Dawn]

Originally posted by: PingSpike

Originally posted by: Red Dawn

Originally posted by: rahvin

Originally posted by: Red Dawn
If they gave him the house how come he has to pay a mortgage for it? Is he p[aying off a second mortgage?

It's called the screw your kid while he's too dumb to run the numbers and realize he's getting the short end of the stick. It must be an asian thing. Either that or they raised him to be a sucker for this very event.

Gotta admit Red, it's a pretty good deal for the parents and if the kids stupid enough to do it, eh more power to the parents.

Yeah he could have just waited for them to die and he would have inherited the house (if his concerns were aquirinbg the house in the first place)

I won't pretend to know the circumstances of the mortgage and pepsi's parents. Nor will I claim to be any expert on real estate. But I could only assume that with 10 years left on what must have been a 30 year mortgage he would surely be paying in less than the house was worth, given that it was originally purchased 30 years ago and real estate has gone way up in value since that time. I assumed this was just a good investment opportunity for retirement.

Yeah his parents retirement Actually who knows, with the little info he gave about that situation none of us knows what's going on. Same with the info he gave regarding his wifes CC purchases. Pesonally I think things like this should be left between him and his wife and not a topic of conversation here at Inantech as it only leads to specualtion, misunderstanding and the rest of the BS that's usually a part of this Forum.

 

[randomlinh]

wow... he's asian, she's white... welcome to culture clash 101. The whole parents thing... wasn't there a thread just about this earlier? I love how some of you are calling the OP stupid for paying for the second house for the parents... we have no idea of the full situation.. and some of us are brought up differently w/ respect to our parents.

and to the OP... as everyone has said... you probably need to sit down and have a little chat if you're not pleased w/ how your finances are looking. this whole thread just seems to be a huge mess. And honestly, it's both of you at fault... there's no pointing fingers here.

 

[Pepsei]

for her motorcycle? What kind of motorcycle do YOU drive?

yea, i have a rebel, she's got a used ninja something.

Pepsei, did you marry Julie Cooper??

who?

is she asian or "american?"

she's white american.

Do you have any kind of emergency fund in case of financial trouble? Because the way it looks right now, you aren't saving any money at all, nor do you have any set budget constraints. How long can you last if one or both of you are not able to work?

No, short of 401K that I don't want to touch, I move all the emergency funds from ING and Paypal to cover this. Had a long talk with her. She gave me $800 and promised not to spend that much anymore. I think this will last a couple months, enough to get some money save up for the next attack.
If I get fired? (doubtful, as there are 4 people below me that have to go first, but if it happens, I can always flee the country, lol)

$40 starbucks = her buying all her bum friends coffee. Tell her to stop that.

from two mugs to add to her growing mug collection. grrrr.....

I try to teach my gf to not be materialistic, but I always lose. She buys a new fvcking Coach purse every other month. That pisses me off royally. What is it with having things that don't do anything for you?

Yeah, I'm lucky she's not into stuff like that. I hook her up with a LV bag and that's pretty much it. the bag was a high quality fake so it's a win win for me.

Threads too long to read. Did the OP post how much they earn combined monthly/annually?

together? about 120k a year.

Pepsei.....aren't you the Asian guy who posted a while back about marrying a white girl and you were having problems because she didn't want to allow any of your Asian relatives/friends at the wedding? If so, we already told you not to marry this woman and now you are realizing why.

that's someone else.

Yeah he could have just waited for them to die and he would have inherited the house (if his concerns were aquirinbg the house in the first place)

we have to take care of our parents, it's just to repay them for sending me to college and stuff. they gave me the house, it's already under my name with 90k left to pay off. the house is now worth 230k, so it is a good deal to me. I consider that + being my parents rent paid for life. They pay for everyting else except DSL at that house (hence the verizon charge).

 

[rh71]

In short, it's a problem being with someone who will spend endlessly... I can't believe there are even people who buy without looking at price tags. Something mentally unsettling there... even if you are rich.

 

[The_Dude8]

how an asian dude get hook up with a white chick? around San diego, i alway see asian chicks hook up with white guys and not vice versa.

 

[Aquila76]

Originally posted by: Xionide
This is all I could find when searching for jack b nimble.

RVing Since: 1969 Hmmm....

Maybe she's dating a Gangsta? It happens bro.

 

[tooltime]

is all that for your family?

 

[surreal1221]

so um. . .still no pic I see?

 

[tami]

Originally posted by: dwcal

Originally posted by: Mathlete
Oh yeah, you thought she was Jewish because she spends a lot of money. That is racist!!!

JAP is a racial stereotype, but as far as stereotypes go, it's pretty mild. Really, the stereotype implies that Jewish families are wealthy enough to spoil their daughters. Sure, if you wanted to be more PC about it, you could call her a high maintenance Material Girl instead. Same difference.

as a jew myself, i think that's the issue. it's a sterotype but it's not a truly insulting one, and it's definitely not racist. in fact, i had friends that consistently referred to themselves as japs. i hear that term all the time.

 

[Grunt03]

Holy $hit, you to are something else. I still cant get over the fact that you use the plastic for every purchase, even amounts under $ 1.00. I guess you do not mind paying the interest charge on the card? Please tell me that she isn't Asian?

I would suggest that you cut up all of your cards and not get any more until you can mature as a couple.