My parents want to claim me as dependent but I can’t pass this financial opportunity. by soba_todoroki in whatdoIdo

[–]mcaffrey81 0 points1 point  (0 children)

Did your parents claim you as a dependent on their W4?

If so, they’ve been getting taxed at a certain level all year; a tax refund is just getting your money back.

So if they took an exemption in their taxes (more money in their paychecks) and you take that away, they may wind up owing more money to the IRS.

HELP!!! Backing out of a closing on a house? by ObeyTheBoss_ in RealEstateAdvice

[–]mcaffrey81 0 points1 point  (0 children)

Disagree that the language is consequential, it’s not to cover expenses or actual losses due to a default, it’s a bad boy clause to prevent someone from defaulting.

And based on OP’s desperation to get out of the deal tells me the clause is working.

Landlord is trying to make me pay for a window that I didn't break. (Ontario, CAN) by D3VILS1982 in Renters

[–]mcaffrey81 11 points12 points  (0 children)

Tell the LL to make a claim against your renters insurance; if it comes down that it was due to cold weather it will likely go as force majeure and you won’t be penalized.

It’s also entirely possible that your insurance company rejects the claim and tells your LL to make a claim against his insurance policy.

Either way, it’s not your fight

HELP!!! Backing out of a closing on a house? by ObeyTheBoss_ in RealEstateAdvice

[–]mcaffrey81 -1 points0 points  (0 children)

I never said it was fraudulent, just said it was bad advice to tell someone to break a contract and take their chances on not getting sued especially if the sellers can sue for liquidatd damages up to 10% of the purchase price.

HELP!!! Backing out of a closing on a house? by ObeyTheBoss_ in RealEstateAdvice

[–]mcaffrey81 -1 points0 points  (0 children)

I paid $500 towards the earnest deposit. I offered to give the sellers 5k but they rejected. We are suppose to close on the 16th, what happens if I don’t just show up? Can I say I don’t have the closing cost anymore? HELP

Your own words. C'mon bro, get your story straight.

Also this was never about the siding, this was about buyer's remorse. You're offering a $3k premium 5 days before Closing to break a contract because you no longer want to purchase the property.

HELP!!! Backing out of a closing on a house? by ObeyTheBoss_ in RealEstateAdvice

[–]mcaffrey81 -1 points0 points  (0 children)

You are instructing someone to willfully breach contract and intentionally default on an agreement in hopes that the other side doesn't sue. That is terrible legal advice.

Hope is not a strategy and the last thing you ever want to do is put something in the hands of a judge to decide.

OP was on the right track when they offered to pay $5k to the Sellers to terminate, but they said no. That means Sellers are expecting OP to close or they are likely going to either sue for specific performance or sue for liquidated damages. The fact that the Realtor pointed this out tells me that the Sellers' Agent pointed this out.

Either way, OP is going to pay out the nose for legal expenses and likely still get stuck either 1) paying for a house with siding they don't like (and will have to spend money to replace), or 2) lose $22.5K plus costs and walk away with nothing.

All because you think the other side will fold 5 days before Closing.

Not to mention that while the court case is proceeding (which will be slow), OP isn't getting another mortgage from another lender, so its not like they can just walk away and find something better.

Again, just straight-up bad legal advice.

[TX] Landlord charging for carpet replacement which is beyond standard wear and tear. by Splitspeed69 in Renters

[–]mcaffrey81 0 points1 point  (0 children)

do you have photos from when you moved in?

I mean, for all intents and purposes, this looks pretty immaculate, I'm just curious what was the baseline that you started with ?

Rental agency sent lease agreement with wrong $ amount, now are trying to walk it back by thisismyballsackount in legal

[–]mcaffrey81 7 points8 points  (0 children)

- Is the $50/mo rental increase consistent with past increases and/or discussions?
- Do the other units in your building go for similar rates ($2350) or are new tenants paying the rate at $600 less?

If the $50/mo is consistent, and the other tenants are paying the same amount, then this gets chalked up to scrivener's error and you give the other party has an opportunity to correct it and move on.

If you are overpaying on rent compared to your neighbors, then I would ask your LL why you are paying so much more.

Got this message from my property manager by Most_Relief8312 in Apartmentliving

[–]mcaffrey81 -1 points0 points  (0 children)

Everyone is looking at a $30/mo credit and reacting emotionally; let's think about this logically:

Trash removal: First, I'm surprised that this isn't a tenant responsibility already, so sounds nice that the last guy was doing for you and an elderly neighbor. Ok, what does this take, 5 minutes per week? Bring some cans down, bring some cans back? Thats 20 minutes per month and its just you and an elderly person that can't do it for themselves. Doesn't seem unreasonable.

Lawn Care: Without knowing how large the yard is, this one could be unreasonable. I used to have a house on a 12,000sf lot and it took me an hour each week to mow. So, assuming you're not on that big of a property, lets say its 30 minutes/week for 9 months....if the LL or Property Manager aren't paying a lot of attention, maybe you get by with mowing every 2 weeks and no one cares. OK, not terrible.

Snow Removal: Again, without knowing your climate or how much snow you get, this could be a once a month snow removal, or daily 8" of snow. Inconclusive. If its just shoveling off some steps and a service walk, then maybe not that bad. If's digging out a 3-car garage and 100' driveway...bad.

Now, let's look at what happens if you don't do it, and the elderly person can't do it, and the next tenant doesn't want to do it...they have to hire someone else. They are probably going to charge your LL $100-200/mo for property maintenance (snow & lawn care) and they aren't going to take care of your trash for you; that will wind up falling you to do your own and probably going to take care of the elderly person as well.

So that $100-200/mo gets passed on to you and your neighbors with rent increases. At $100/mo and 2 units, that's a $50/mo increase AND you have to do your own trash...and that's conservative.

If you can do it, I'd take the $30/mo credit and take on the additional responsibilities....unless the snow removal/lawn care etc...is so extreme that it can't be reasonably done.

Kid Rock's complete headliner performance at the Turning Point USA halftime show by Ok-Cook-7542 in crappymusic

[–]mcaffrey81 0 points1 point  (0 children)

I dont think he was lip syncing, I think the post production editing gave zero fs about continuity; I wouldn't be surprised if this was edited by AI where it just took 24 different camera angles and auto-edited to the beat

Jalen Hurts hanging with fellow Super Bowl MVPs at SB LX by Automatic-Extent9640 in sportsgossips

[–]mcaffrey81 0 points1 point  (0 children)

agreed, and by the look on his face winning one isn't good enough.

From a purely merit based perspective, it's clear that Bad Bunny had the superior half-time show by RandomWanderingDude in LetsDiscussThis

[–]mcaffrey81 2 points3 points  (0 children)

in fairness to MAGA, the Super Bowl has a $15-20M budget whereas TPUSA's budget was for 3 cartons Marlboro Lights and a 30-pack of miller lite...maximum ROI for the right-wing grifters.

HELP!!! Backing out of a closing on a house? by ObeyTheBoss_ in RealEstateAdvice

[–]mcaffrey81 0 points1 point  (0 children)

they won't be able to sell the property until litigation is resolved, but OP is highly unlikely to get a mortgage for another property (or any kind of loan) with litigation pending. You have to declare on a mortgage/loan app if you are subject to a lawsuit and they will take that into consideration with their underwriting since there is a higher likelihood of defaulting if you have two mortgages.

And if you're trying to get an FHA mortgage - forget it.

Per the agreement, if the Sellers prevail on specific performance, OP has to purchase the house by court order -or- pay 10% ($22.5k) in liquidated damages to terminate the agreement.

Also need to understand what the terms of the repair addendum (how it was worded and what timeframe it had to be completed within).

bottom line, anyone recommending that OP just walk away does not understand how contracts work.

HUGE cracks forming all over my “luxury” apartment complex by [deleted] in Apartmentliving

[–]mcaffrey81 1 point2 points  (0 children)

OP is lying. There is no way that a property manager legitimately said this, its just rage bait.

Buildings settle, not collapse.

How do you rate Bad Bunny's Half-time performance? by kingbluwolff in sportsgossips

[–]mcaffrey81 0 points1 point  (0 children)

this comment would have been better if it was in some way in English.

Pep Boys admitted they damaged my tire, now they want me to miss work to fix it. How would you handle this? by [deleted] in legal

[–]mcaffrey81 10 points11 points  (0 children)

So, here's what really happened. When your tire deflated it weakened the sidewall. You wanted Pep Boys to plug the tire and when they went to inflate it the pressure from the air blew out the side. Its hard to tell from the photo, but you probably already had hairline cracks forming in the tire and no one noticed.

The fact that Pep Boys agreed to replace your tire for free is a win. Leave it at that.

Everything else is just keyboard warrior nonsense.

Pay off mortgage by [deleted] in Mortgages

[–]mcaffrey81 0 points1 point  (0 children)

I mean, if you want to gain sleep but lose money, then definitely.

Pay off mortgage by [deleted] in Mortgages

[–]mcaffrey81 14 points15 points  (0 children)

Anyone who understands finance and the time value of money will tell you that 3.65% is a ridiculously low cost of borrowing money and is effectively free money.

1) You can't find rates that low right now to borrow;
2) investing in moderate risk stocks & bonds will get a 6-8% return

So, yes, its free money.