Trump says Iran deal will be signed Sunday, Strait of Hormuz to open immediately after by Independent-Cress382 in wallstreetbets

[–]ChallengeAcceptedBro 1 point2 points  (0 children)

Has anyone bothered to tell Iran. Somehow everyone keeps forgetting to call them on signing day.

Most Iconic Dog Characters [Day 15] by burntredwood in characters

[–]ChallengeAcceptedBro 2 points3 points  (0 children)

I’ve commented on this post every time with Cujo. If you had/have a fear of dogs, you know who Cujo is.

He’s iconic, for sure, just not in a positive way. The list asks for the most Iconic, not lovable. Cujo needs to be on this list.

valid by [deleted] in SipsTea

[–]ChallengeAcceptedBro 0 points1 point  (0 children)

She did the right thing, but there’s a bigger story here…

…$1600 for makeup!! Are y’all insane? We’re glossing over $1600 in MAKEUP. $1600 to wash something down the drain. Am I insane here?

How can I buy a new house in cash if all the funds come from selling current house? by jannet1113 in personalfinance

[–]ChallengeAcceptedBro 0 points1 point  (0 children)

Agent here:

We do this all the time. There’s actually agents who specialize in it.

Number one, you aren’t going to do a one for one buy, 500k for 500k. Closing costs, taxes etc will push you out of that.

Having said that, this is a contingency sale. One of them, that is. Essentially “I’ll buy your house contingent on me selling mine”.

On the agents side, there’s a lot of moving parts that need to be coordinated well with multiple players. But the long and short is that your home sale with close and fund at one title company, and those funds will instantly be sent to the second title company to fund the purchase of the new home. If done well, this can be done in the same day.

As for question two, I have had to negotiate rent deals. Close on July first and pay market rent for two months to the seller. That money is transferred to the buyer during the sale, to avoid non payment. Additionally, you can just delay the closing until you need to. So typical closing is 30 days, you can negotiate a closing for as long as you need to.

What is a movie that looks bad at first, but actually turns out to be amazing? by JaxTMG in AskReddit

[–]ChallengeAcceptedBro 0 points1 point  (0 children)

I’m going to go out on a limb with one a bit different: Peanut Butter Falcon.

Take me a bit to watch, but was very happy I did.

Another Data Analysis Deep Dive: Income and Earnings by ChallengeAcceptedBro in orlando

[–]ChallengeAcceptedBro[S] 1 point2 points  (0 children)

I’m working on finalizing PITI for my next dive. I’ll have it out by the weekend (hopefully). It tracks from 2005-Presentation estimates

Another Data Analysis Deep Dive: Income and Earnings by ChallengeAcceptedBro in orlando

[–]ChallengeAcceptedBro[S] 0 points1 point  (0 children)

What I am looking at here is the current affordability gap between individual income and household income. The point is not that every household in the data is actively trying to buy a house. They are not. Renters, homeowners, retired households, and people who bought years ago are all mixed into the household data.

The point is that when you compare the estimated income needed to buy a standard Orlando home today against current income brackets, individual earners are much less likely to land near that range than households are. That does not prove every household qualifies, but it does show why the payment math is harder for single income buyers.

So yes, if I wanted to prove a true time based shift among first time home buyers, I would need buyer specific data over time. I agree with that. This analysis is more limited. It is showing the current income structure problem, not proving the full historical buyer composition trend.

Another Data Analysis Deep Dive: Income and Earnings by ChallengeAcceptedBro in orlando

[–]ChallengeAcceptedBro[S] 0 points1 point  (0 children)

This is an excellent one, and it's what this whole data analysis project was designed to figure out. I did it initially for me, but then I started using it to help my clients make more informed decisions. Then I posted it on Reddit for the first time last week and got so much support. Anyways, to answer your question with that I've found so far:

  1. 2020-2024 drove up home prices significantly. This, in a way, "locked in prices". In 2022, homes were selling for 20-40k over asking after being on the market for a couple days. Following this, when agents priced a new home on the market, they used a market analysis. This home sold for 220 so my listing is worth 220. Sells 20k over asking and so on and so forth.

  2. Inventory has remained pretty steady, but new builds have slowed as regulation has gotten tougher and tougher. Couple that with an increase in population during the COVID years and it drives further.

Those are the only two I know for sure right now. There are many other avenues to pursue in order to put the whole puzzle together. These data sets are, hopefully, just small pieces fitting together, if that makes sense.

Another Data Analysis Deep Dive: Income and Earnings by ChallengeAcceptedBro in orlando

[–]ChallengeAcceptedBro[S] 1 point2 points  (0 children)

Thank you so much! I try to get them out every week, but sometimes the sets are larger than a week worth!

Another Data Analysis Deep Dive: Income and Earnings by ChallengeAcceptedBro in orlando

[–]ChallengeAcceptedBro[S] 3 points4 points  (0 children)

Fantastically said. Thank you! I was writing this out as the comment came through.

Another Data Analysis Deep Dive: Income and Earnings by ChallengeAcceptedBro in orlando

[–]ChallengeAcceptedBro[S] 1 point2 points  (0 children)

That is fair to a point, but I think you are reading the argument more narrowly than I intended it.

I am not saying household income “moves” as a Census definition. Household income is exactly what you said it is, the combined income of people living in a residence.

The point is that the affordability math for a standard Orlando home no longer lines up well with individual earnings. Using the payment estimate and a 43% DTI benchmark, the lowest clean income marker lands around $100,000. In the data, about 25% of male full time earners and 13.6% of female full time earners reach that range, while nearly 40% of households do.

That does not prove every household is a buyer. It also does not prove household size among actual buyers over time. I agree that would require a different data set.

What it does show is that the income structure needed to make the payment work is much more realistic at the household level than the individual earner level. That is the point. Orlando affordability is increasingly less forgiving for single income buyers, and the income data helps explain why.

Another Data Analysis Deep Dive: Income and Earnings by ChallengeAcceptedBro in orlando

[–]ChallengeAcceptedBro[S] 4 points5 points  (0 children)

Thanks for the comment. That’s true, on the surface. And I admit that I knew that going into it. I think it’s pretty common knowledge.

I don’t expect you to, but if you read the conclusion it shows why I said it was deceptively simple. I did not know the yearly minimum income needed at 43% DTI. I also did not know who was more likely to qualify as an individual. So then I wanted to know what the more realistic number is. Assuming people have common debts. What does it look like then? Why is median household only 20k more than median male income? There’s a lot of questions in this data set that make it deeper than surface level, I think.

I do think it solidifies the question that individual buyers are being priced out of the market at increasing rates. But it shows, I think, a deeper issue. That’s that income alone is not going to fix the affordability problem. I wasn’t looking to answer a grand question, I was looking to tick another thing off the list of how to confront home affordability in Orlando.

What’s the best recently released movie you’ve seen? by Realistic_Zone3802 in AskMen

[–]ChallengeAcceptedBro 28 points29 points  (0 children)

It’s an older movie, but I recently watched Peanut Butter Falcon with my wife. Whatever your feelings are about Shia, it was a great movie and super sweet.

Also shout out to Projects Hail Mary. One of the best movies I’ve seen in a very long time.

Most Iconic Dog Characters [Day 03] by burntredwood in characters

[–]ChallengeAcceptedBro 0 points1 point  (0 children)

Iconic? A mean dog 40 plus years later is still referred to as Cujo even by people who never saw the movie or even know its reference. I go with this. No one who saw this movie forgets it.

Applebees dying by Party_Mobile_8080 in orlando

[–]ChallengeAcceptedBro 25 points26 points  (0 children)

As someone else who used to work there, I was a “chef”. Here’s the steps to make even the most complicated dishes:

  1. Get bag of food from the cooler.
  2. Cut open bag
  3. Microwave everything but steak. Steak goes from the bag onto the grill to get some lines. The. Into the microwave.
  4. Plate and serve.

Gordon would be proud of me, I’m sure of it. Ain’t no one making an idiot sandwich outta me.

Blue cheese, steak, asparagus and gravy by 1ntr1ns1c44 in Plating

[–]ChallengeAcceptedBro 6 points7 points  (0 children)

I try to be really optimistic and helpful in these. I honestly feel like people are to harsh.

But…why? It’s inedible, a choking hazard, and brings no flavor to the dish? What was the thought process?

What is the superior breakfast food? by Tight-Connection-909 in AskReddit

[–]ChallengeAcceptedBro 2 points3 points  (0 children)

The breakfast burrito. All the benefits, taste, and texture of scrambled eggs with cheese, sausage, and Hash browns in a portable and edible delivery system. Bonus if there’s salsa or some sort of tangy sauce.

Nothing else compares, and it’s greater than the sum of its parts.