spicytuna62
@spicytuna62@lemmy.world
- Comment on (Pseudo) Science 1 week ago:
“Mom, I don’t know that the peppermint oil on my feet and lemon juice in my eyes did anything to cure my measles, tetanus, or COVID infections.”
“Nonsense, Bobby. You just need to give it time to work.”
“Peggy, that boy ain’t right.”
- Comment on You just couldn't be satisfied with slow and easy 1 week ago:
I’ve got just the poster. Nobody will ever suspect there’s a hole back there.
- Comment on 877-CASH-NOW 1 week ago:
Tldr there is literally no reason for this product to ever exist. It mathematically makes no sense.
The 50 year mortgage isn’t just a bad product. It’s a predatory product.
Interest is the cost of borrowing, plus a little extra tacked on for the capital the banks and investors tied up in the loan. Generally speaking, the longer you borrow, the higher your rate. It’s usually better to borrow for as little time as you feasibly can because it’s the double whammy of paying off that front loaded interest faster and clearing the payment from your own books sooner.
The thing with borrowing over time is that there’s a diminishing return with more time. Assuming the interest is equal on a 30 year vs a 50 year mortgage, your payments go down maybe 15%. So assuming that $3,000 payment at 5% for 30 years vs 50 years, your 50 year payment is $2,538. Which sounds nice until you multiply payment amount by number of payments and find that the total cost of borrowing goes up >$442,000.
But you absolutely will not get the same rate on a 50 year vs a 30 year. It’s too risky for investors to back it, no matter how you slice it. They’ll want more interest on top of it if they do. So your rate might climb to 6.25% over the 5% you might have got on the 30 year loan. That changes the payment from $3,000 to $3,046.
Yep. The payment can be higher. Again, law of diminishing returns and higher rates because more risky.
So a recap. You’re financing $558,845 after down payment, earnest money, closing costs, etc. With a 30 year term, you’re looking at 5%. The payment is $3,000 a month so you ultimately pay $1,080,000 for the house. At 50 years, you’re borrowing at 6¼ and paying $3,046 a month, so now the house costs you $1,827,600. Not only is your payment higher, but the house is ¾ of a million bucks more expensive! How generous!
This doesn’t even factor in the extra 20 years of PMI you’ll have to pay because if you have to borrow for 50, we all know you’re not putting 20% down.
If you can borrow for 15 years, that’s going to be the best way to secure yourself long term. But 30 year mortgages are overwhelmingly common because prices are too high. Even so, they’re not a bad product.
But absolutely do not fall for this 50 year bullshit.
- Comment on The Guy Claiming That You Have TDS 2 weeks ago:
At this point, I’m down for a visit from the alien overlords as long as they make sure he’s inside before they do it.
- Comment on She definitely smells it, too. 2 weeks ago:
Being truly in love means blasting ass specifically because he/she is next to you.
- Comment on arriving 2 months ago:
I’m from Oklahoma. Let me give you an overview of our seasons, beginning with
Spring: Starts mild, ends warm. Thunderstorms, hail, tornadoes, and flooding are the main stories here.
Summer: Hot and muggy throughout. No clouds, rain, wind, relief. All you can do is make your clothes wet. Sometimes, I just point a leaf blower up my shirt. And at my testicles. I take cold showers all summer. It’s about the only way I can cool down enough to get some sleep.
Autumn: It’s like spring, but in reverse. Thunderstorms and tornadoes do happen, but rarely are they strong.
And finally - Winter: Nothing happens in a typical winter. It might snow a couple times in Central OK. And that’s really it. Once or twice every decade, we might get a historic winter storm. But most years are super uneventful and mild. It freezes most nights in deep winter, but only just.
In short, all four seasons are trying to kill you, but winter isn’t trying that hard. Spring and autumn are briefly nice. The average temperature might be 72, but what’s being left out is that it could be 91 on Monday, 49 on Wednesday, and 87 on Saturday. Or it could be between 65 and 75 all week. You never truly know until you get there.
At least it’s not, say, Iowa. I know for a fact their summers are almost as hot as ours, but their winters are waaaaaayyyyy colder.
I’ve tried to tell my wife many times that it is just as hot and humid here as it is where she’s from in Mississippi. Dew point is dew point, no matter where you are. It’s just that the humidity here goes away sooner and stays away for longer. And we don’t typically get tornadoes on Thanksgiving or Christmas. The southeast definitely does.
Anyway, we vacationed in Seattle last September, and - cost of living be damned - now I want to live there. If not for the weather, then at least for the seafood. But I love my nieces and nephews too much to be that far from them.
- Submitted 2 months ago to [deleted] | 8 comments
- Submitted 3 months ago to [deleted] | 14 comments
- Comment on My boss said, "We aren't renewing your contract." 4 months ago:
She told me she didn’t want to hire me but was outvoted. That she really stuck her neck out for me by even letting me come on.
She never trained me to do my job. Just handed me the manuals, told me to read them, then expected near perfection. Never provided any real guidance. Never actually assigned more than a couple tasks to me, then nagged me because I wasn’t doing enough. She made me feel singled out. Like nobody else in the office liked me either.
My dog died in March of '19. I barely got any empathy from her. I turned in my two weeks in early May. I was one more write up from being fired anyway. When I handed her my resignation letter, she looked at me and said, “Are you sure?” I meant to say, “Are you fucking really asking me that?” Instead, I just coldly said, “Yes.” Turned my back, and walked out of her office. I kept my head down for the next couple weeks, collected my last paycheck, and rapid fired applications for the next few months.
Fuck you Sarah. I hope you lose your car keys just badly enough that your morning takes an extra fifteen minutes every day for the rest of your life.
- Comment on Confirmation that you are a loser at everything 4 months ago:
Look, it’s not “all you can eat.” It’s “all” you can eat."
“You” is not the subject noun, it’s “all.” You refers to the group of people. The buffet is open to the public, and any paying member of the public may eat. Your honor, the phrase has been misinterpreted all along. It was never about allowing any one person to eat until they no longer can, but about allowing any paying customer to eat the food offered at the buffet.
I rest my case.
- Comment on Having a big memory card was such a flex 4 months ago:
Whoa, that’s a double nostalgia, all the way. Oh my god, whooo!!
- Submitted 5 months ago to [deleted] | 7 comments
- Comment on The solution to many problems 5 months ago:
I can put my life in danger. I can put your life in danger. But I draw the line when you put my life in danger.
- Comment on Xbox 360/PS3/(to a lesser extent) Wii owners represent 5 months ago:
Still got my PS3. What a great console. Uncharted just has no business looking as good as it does running on hardware as old as the PS3.
- Comment on Animal spirits 6 months ago:
Them: Be there or be square!
Me:
- Comment on Celebrity Inquiries Season 2 Episode 4 6 months ago:
Elastic deformation is for peasants.
- Submitted 6 months ago to [deleted] | 13 comments
- Submitted 6 months ago to [deleted] | 94 comments
- Submitted 6 months ago to [deleted] | 7 comments
- Submitted 7 months ago to [deleted] | 5 comments
- Comment on Go meet grass or touch your neighbors. 7 months ago:
He was the Hulk once so I can’t blame you.
- Submitted 7 months ago to [deleted] | 16 comments
- Comment on In the not too distant past this was a thing 7 months ago:
Here’s mine. I bought it new in 2015, and I wear it almost daily. It has never needed work.
- Comment on If you refuse to concentrate on aiming correctly then sit down 7 months ago:
Our aim is to need this room. Clean your aim. Would help.
- Comment on What is your favorite movie? 7 months ago:
The Shawshank Redemption never gets stale for me, but it is a healthy time investment.
- Submitted 7 months ago to [deleted] | 3 comments
- Comment on ^_^ I just think skibidibi sounds neat :3 7 months ago:
One of the better evolutions.
- Comment on ^_^ I just think skibidibi sounds neat :3 7 months ago:
POTATO XD
- Comment on fair treatment 7 months ago:
Even paintballs suck when they hit you. Mask shots are great because those don’t hurt lol The worst is when your shirt comes up that litte bit and you get nailed on bare skin.
I’m a big baby so I didn’t play much paintball lol
- Comment on Day 248 of posting a Daily Screenshot from the games l've been playing until l forget to post Screenshots 8 months ago:
Far Cry 3 was absolutely a high point in the series. At least until the second half of the game. But the first half is incredible. The 2010s had some amazing video game villains. Vaas, Handsome Jack, Flowey, Father Comstock…hell, I’ll even throw in Andrew Ryan and GLaDOS.
I liked Far Cry 4 and 5. I’ll argue that Joseph Seed is the closest to a second Vaas the series has come. He’s not as melodramatic as Vaas, but he is a solid B- villain in my book. Pretty convincing, menacing, and rooted in his beliefs. Plus, I ran co-op a lot with my wife. So lots of good memories there.
