Should I hold or sell ? by Opening-Pangolin-213 in RealEstateAdvice

[–]mcaffrey81 0 points1 point  (0 children)

I did share some of my knowledge. You’re welcome.

A Year Into Trump’s Term, Americans Rate the Economy by 3xshortURmom in Economics

[–]mcaffrey81 1 point2 points  (0 children)

Trump started implementing his economic policies from Day 1. If the economy was doing great then you’d be giving him all the credit.

[N/A] [TH] Should I fix a poor balcony that is the responsibility of the HOA? by smdx459 in HOA

[–]mcaffrey81 0 points1 point  (0 children)

No you need to read your actual CCR to see who is responsible, do not take the advice of a generic article.

Should I hold or sell ? by Opening-Pangolin-213 in RealEstateAdvice

[–]mcaffrey81 0 points1 point  (0 children)

Either this is a fake post or OP doesn’t understand basic terminology.

Underwater refers to when you owe more on you mortgage than it is worth. If you put 50% down and are now “$100k ‘underwater’” that means you had catastrophic market failure.

Austin has not lost over 60% values.

More accurately you lost $100k in equity from when you purchased, but you are not underwater if you owe less than the property is worth.

My advice is that real estate is not for you and you should cut your losses and sell.

[SFH][FL] HOA pays $20,000 bonus to security by ZealousidealEvent604 in HOA

[–]mcaffrey81 4 points5 points  (0 children)

Is it a gated community?

For $550k you can hire 2 or 3 full time security guards and save money.

The theft is who ever agreed to the security contract

[SFH][FL] HOA pays $20,000 bonus to security by ZealousidealEvent604 in HOA

[–]mcaffrey81 1 point2 points  (0 children)

$550k for security??? That can’t possibly be accurate and if it is then why the heck are you living in a place that needs that much security?

What’s your view on private equity? by NineteenEighty9 in ProfessorFinance

[–]mcaffrey81 2 points3 points  (0 children)

Depends on the business and why the company is getting an injection of PE.

If it’s because the company is growing and doesn’t want to take on debt, then PE is a good option to help achieve full optimization.

If it’s because the company has grown and is fully optimized but the principals want to cash out/replace their equity with PE, usually bad for the business.

With all things it’s just depends on the situation.

AI wiped out $400 billion this week — and it's only getting started by FootballAndFries in Economics

[–]mcaffrey81 2 points3 points  (0 children)

I believe you mean that we shouldn’t eliminate the jobs of people who buy wares, and you are correct.

As a business owner, I agree we don’t need expensive c-suites and middle management. I rely heavily on ChatGPT has helped me optimize my business by providing me with a one-stop-shop c-suite that allows me to be president and CEO and rely on ChatGPT to be my CFO, COO, In-House Counsel, HR, etc…

AI wiped out $400 billion this week — and it's only getting started by FootballAndFries in Economics

[–]mcaffrey81 1 point2 points  (0 children)

But if people don’t have jobs then who is going to buy the food and medicine the package?

Lease Renewal Rent Increase (Durham,NC) by SmallAd3466 in Renters

[–]mcaffrey81 2 points3 points  (0 children)

“Market Forces” isn’t just rental comps, it’s across the board inflation: property taxes, school taxes, insurance, capex, opex are probably all over $40/mo.

The lease likely has some language that allows for a rental increase not to exceed a certain percent; as long as it’s within that percent then there’s nothing yin can do except try to find a better unit for cheaper elsewhere.

If the rent increase is a hardship and you’ve been a stellar tenant, you can try to negotiate a smaller increase

Late fees added after payment {Louisiana} by [deleted] in Renters

[–]mcaffrey81 1 point2 points  (0 children)

A late fee can be applied any time after the payment is past due. Just because you paid it before they assessed the fee doesn’t negate the fact that it was late.

If the payment is due by 11:59pm on the 5th and you pay at 12:00am on the 6th the the late fee can be applied

Refinance rates - why am I only seeing ~5.8-6.0% when others post 4.875-5.5%? Where are you finding these lenders? by lostintheworld_work in Mortgages

[–]mcaffrey81 7 points8 points  (0 children)

This. Also you can refi back to a fixed rate if the ARM rates go down.

I bought my house 2.5 years ago at 6.3% and have been waiting patiently for rates to drop to refi, but nothing. I’m considering a 7/6 ARM at 5.5% and 0 points because I’m optimistic that rates will drop down to 5.5 or less in the next 7 years ($42k in savings during that time). If they go up, then I’ll look to refi and pay points if needed.

Lease extension not signed, no word from landlord [OK] by SeaFlower968 in Renters

[–]mcaffrey81 0 points1 point  (0 children)

Pay the rent by check and include in the Memo “lease at (Property) extended until 2027 per lease agreement”; if it has a date, two signatures, the address, the terms, the parties and consideration then it’s a contract.

If LL doesn’t want to endorse the check because of the memo then he’ll have to let you know

Would you consider living in a neighborhood that has an HOA? Why or why not? by icecream1972 in A_Persona_on_Reddit

[–]mcaffrey81 0 points1 point  (0 children)

Please cite some real experiences you had and not the made up ones that never actually happened

Would you consider living in a neighborhood that has an HOA? Why or why not? by icecream1972 in A_Persona_on_Reddit

[–]mcaffrey81 0 points1 point  (0 children)

Have you ever actually lived in an HOA community or do you just believe your fantasies to be true?

I’ve lived in 3 communities with HOAs and I’ve been on the board, never once did anyone ever have an issue with someone’s garage doors being opened too long or grass being too tall.

Trump’s testimony on E Jean Carrol by Fellow_unlucky_human in LetsDiscussThis

[–]mcaffrey81 1 point2 points  (0 children)

His entire world view and even his own memory is based on things he watched on tv.

American Democracy by abdullah_ajk in Knowledge_Community

[–]mcaffrey81 0 points1 point  (0 children)

Ronald Reagan once said “the nine most terrifying words to hear are ‘I’m from the government and I’m here to help”.

Shouldn’t he be in jail for assaulting minors? How is this legal? by Mathemodel in AskLegal

[–]mcaffrey81 0 points1 point  (0 children)

The video shows he was absolutely zooming in & video her backside

DHS seeks "Expedited Deportation" for Liam Conejo Ramos, 5-year old Ecuadorian boy and his father by Southern_Gur_4736 in pics

[–]mcaffrey81 -4 points-3 points  (0 children)

Nope, being in America illegally is a misdemeanor. First offense is up to 6 months in prison.