ABCayy/beesi
Always Be Chudding
10mo ago#5766703
spent 0 currency on pings
Recently, she confided that she has four personal loans, each with a high annual interest rate (14%), taken over the past two years. Two were for travel, one for her apartment renovation, and one for a new iPhone.
She expressed no regret about taking the loans, as they fulfilled her desire to visit California and Spain and own a new iPhone.
ABCayy/beesi
Always Be Chudding
J 10mo ago#5766721
Edited 10mo ago
spent 0 currency on pings
She owns the place (inheritance), but still it's fricking stupid to take out a high interest loan to renovate. She probably redecorated it, bitches love redecorating for no reason.
I want to make fun of you for saying "simple interest" because that's a thing and it's nowhere near as bad as compound interest which is what mrs iphone is paying
Payday shops do that for their own benefit - the interest is baked in as if you made no payments until the very last day, even if you pay it off in 6 hours. People accept it because they're desperate.
On the other hand, banks only accept the long terms on normal loans because the compounding makes it worthwhile.
I'm currently in a similar situation. My boyfriend (38 years old) has almost no retirement savings, no emergency fund, and 6-figure student loans from an art school.
Why are people so confused with literally owning an apartment? I am europoor, here we outright own an apartment if we buy it (ok some buildings are lease only)
If you're going to be a pedant at least be correct. You can own an apartment. Condominium is more about the agreement with other owners of parts of a property. You can have a house that's a condominium if it's on a lot with other houses.
From the dictionary:
apartment
[ uh-pahrt-muhnt ]
noun
1. a room or a group of related rooms, among similar sets in one building, designed for use as a dwelling.
2. a building containing or made up of such rooms.
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I see the poors are pretending to be big wallet niggas again est. 2016
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This hole exists as a safe space for refugees from the Facebook(MetaTM groups of the same name. Of which there have been several iterations. We mostly exist to poke fun at the state of living in poverty. While it oftentimes is unavoidable, we do aspire to not be meanspirited. Over the years we have co-opted the term 'Peak Poor' to being someone who exudes poverty, regardless of their actual net worth. Trump and Elon both exhibit the peak poor ethos from time to time while still being the top 0.000001%. You can do something peak poor and still be a good person or a generally adjusted one. We all have a bit of poor in us.
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!foidmoment !r-slurs
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The r-slurred part was renovating the apartment, shes not gonna be able to keep that shit when shes out on the street
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She owns the place (inheritance), but still it's fricking stupid to take out a high interest loan to renovate. She probably redecorated it, bitches love redecorating for no reason.
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Trusts neighbor
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I had my good iron thrown out by my spouse and replaced with cheap metal cookware.
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I hope you dumped her king
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Are you a euro? We would call that a condo here in freedomland. An apartment nearly always implies renting.
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Condos are owned in common with the entire building, she owns the apartment itself.
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Surely she still has some kind of joint ownership of common areas/parts like the roof, no?
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Probably not, there's a lot of owning just the apartment in NYC, like Brownstones.
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how do you grow up and completely not understand simple interest? That's like 5th grade math lol
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I want to make fun of you for saying "simple interest" because that's a thing and it's nowhere near as bad as compound interest which is what mrs iphone is paying
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I figured that loans <$2000 would be simple-interest lol. Don't most payday-loan type shops operate on simple interest?
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Payday shops do that for their own benefit - the interest is baked in as if you made no payments until the very last day, even if you pay it off in 6 hours. People accept it because they're desperate.
On the other hand, banks only accept the long terms on normal loans because the compounding makes it worthwhile.
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What do you mean? 14% is a great deal compared to the 29% on my credit card
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29% CC APR is steal!
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Anything to avoid a sub8
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Art school is a red flag.
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lmao
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Uh, thats one way of looking at taking over a lease
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If they're in New York then they are really talking about owning it like any other piece of real estate
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If she owned it, she would be making a ton of money off it, and wouldnt need to work 2 other jobs just to afford a measly iphone
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She lives there. Even a home you own outright isn't making you money unless you rent it out
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But apartment buildings usually have a bunch of apartments. She cant live in every one of them
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She doesn't own a building. She'd be a multimillionaire if she did.
She owns one apartment in a building.
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I have never heard of apartments in buildings being purchased, only rented
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In NYC it's how a lot of ownership works. Elsewhere in the US we'd call it a condo but NYC gonna NYC.
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Sounds fake and the bad gay
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Why are people so confused with literally owning an apartment? I am europoor, here we outright own an apartment if we buy it (ok some buildings are lease only)
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For most of America, "apartment" is a thing you rent and "condo" is a thing you own. NYC is the big exception.
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I really really hope she owns that apartment otherwise good lord. And if she does that makes it a condominium and op just as much of an r-slur.
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If you're going to be a pedant at least be correct. You can own an apartment. Condominium is more about the agreement with other owners of parts of a property. You can have a house that's a condominium if it's on a lot with other houses.
From the dictionary:
apartment
[ uh-pahrt-muhnt ]
noun
1. a room or a group of related rooms, among similar sets in one building, designed for use as a dwelling.
2. a building containing or made up of such rooms.
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She does, she inherited it.
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This makes me wonder if there's any good drama on those old boglehead forums.
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Drama between members? No not really. The admins shut it down quickly so at worst there are some catty comments. There are posts like this where a poster's spouse/child is worthless and the boomers dogpile to start dunking on any family member/coworker who isn't following the boglehead way.
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Snapshots:
undelete.pullpush.io
ghostarchive.org
archive.org
archive.ph (click to archive)
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