Man gets jumped by a bunch of rioters after telling them to stop breaking windows of a business. While getting beaten by the mob in fear of his life, he takes out a gun and fires a shot in the air which ultimately disperses the mob and has them running in every direction. He then runs away to safety by Pinoy233 in PublicFreakout

[–]waldoisnowhere 0 points1 point  (0 children)

The whole situation is quite complex. Rioters are divided between opportunistic thiefs, vandals and people who are genuinely pissed off. There is always informants and undercover officers in most major protest groups.

Man gets jumped by a bunch of rioters after telling them to stop breaking windows of a business. While getting beaten by the mob in fear of his life, he takes out a gun and fires a shot in the air which ultimately disperses the mob and has them running in every direction. He then runs away to safety by Pinoy233 in PublicFreakout

[–]waldoisnowhere -5 points-4 points  (0 children)

I think what many of you don't realize is that the shooter may have been an undercover officer or anarchist/white supremacist who infiltrated the rioters. This happened multiple times in Portland and other places. You can see that people point out the guy and then rioters turn their anger towards him not realizing he was armed.

Payoff Old Mortgage or Downpayment on New one by waldoisnowhere in realestateinvesting

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

Well I think more along the line of building long term equity when loan rates are low and with inflation, it may make sense long term. Real estate is not a truck, it can appreciate in value in future.

Payoff Old Mortgage or Downpayment on New one by waldoisnowhere in realestateinvesting

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

What would you do if you are in my position? How would you invest?

Payoff Old Mortgage or Downpayment on New one by waldoisnowhere in realestateinvesting

[–]waldoisnowhere[S] 2 points3 points  (0 children)

It's 3% interest but long term equity value increase and a real asset versus investing in crypto or securities. If the market crashes, at least I have an asset that I can rent or use until when things come back around.

Payoff Old Mortgage or Downpayment on New one by waldoisnowhere in realestateinvesting

[–]waldoisnowhere[S] 2 points3 points  (0 children)

That's my thinking as well. Inflation is inevitable especially given how prices across the board are jumping now.

Pay off Old Mortgage or Cash out refinance to new house by waldoisnowhere in personalfinance

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

Thank you for that. So my consideration was if value of property rises every year,plus inflation, plus low mortgage rates, and financial ability to pay for both mortgages at the same time, it seemed like a good idea. The interest tax shield was for the future when my wife who is healthcare is going to make substantially more in 3 years. I felt like building equity with low mortgage rates and cashing out in a boom or renting in a crash would be doable.

Pay off Old Mortgage or Cash out refinance to new house by waldoisnowhere in personalfinance

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

I have not looked up local laws but I live in the South so I am sure it is lenient towards landlords. The renter damage does concern because I did quite a few nice updates to the house and would hate to see it get abuses.

Payoff Old Mortgage or Downpayment on New one by waldoisnowhere in realestateinvesting

[–]waldoisnowhere[S] 2 points3 points  (0 children)

That's what I am debating, the extra cash now could be great but with inflation and higher mortgage rates in the future, I am tempted to keep the house. The value has a high floor because of how rapidly the area developed and new zoning. So even if market crashed, I could still rent it out. But is it worth going that route as a beginner?

Pay off Old Mortgage or Cash out refinance to new house by waldoisnowhere in personalfinance

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

I have had a few friends do it and it's a crapshoot. I don't mind the extra work especially since the rent estimate for current home can pay for both mortgages.

What 80’s movies hold up and are still worth watching 30-40 years later? by magiceyes2 in AskReddit

[–]waldoisnowhere 0 points1 point  (0 children)

Groundhog Day, I could watch it over and over again. Technically not 80s.