Random Thread - Anything Goes
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@NerdyDad said in Random Thread - Anything Goes:
We did that whole RH thing. My boss and I both learned from both sides not to do that again.
They require for you to work for them for 6 months while they skim off of your paycheck. After the 6 months, they charge the client company $5k to buyout your contract. Otherwise, you move on to other pastures, no matter if they're greener or not.
How is that even legal? It's 100% against the law here.
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@MattSpeller said in Random Thread - Anything Goes:
@NerdyDad said in Random Thread - Anything Goes:
We did that whole RH thing. My boss and I both learned from both sides not to do that again.
They require for you to work for them for 6 months while they skim off of your paycheck. After the 6 months, they charge the client company $5k to buyout your contract. Otherwise, you move on to other pastures, no matter if they're greener or not.
How is that even legal? It's 100% against the law here.
Not in the US. If you sign a contract of your own free will, it's hard to not have it be enforced. You could fight it in court, but you'd lose more than you'll lose just giving up. And in most states, you'd lose anyway since you, as a non-employee, signed the contract. They are a little like a union.
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So at 5PM today I got an email saying that there will be edocs sent over from the person I had a skype meeting with.
Interesting, you sent the warning/fyi email about 5 hours AFTER someone already sent them to me.
This is just turning humorous. -
@Texkonc It's a sad, sad state of affairs over there.
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@Texkonc said in Random Thread - Anything Goes:
So at 5PM today I got an email saying that there will be edocs sent over from the person I had a skype meeting with.
Interesting, you sent the warning/fyi email about 5 hours AFTER someone already sent them to me.
This is just turning humorous.They've got some mad organizational skillz there.
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This pun is sky high
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Dark Lord vs Star Lord
Youtube Video -
@Kelly was hoping for Epic Rap Battle of History. Did that game ever get released?
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@momurda said in Random Thread - Anything Goes:
@Kelly was hoping for Epic Rap Battle of History. Did that game ever get released?
No idea. I'd never heard of it before I ran across the commercial. It might be fun though since I actually have a 360 and a Kinect.
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We're getting dangerously close to the point where I'm going to need to do a lot of research about property taxes, school districts, builders, children, etc. Ahhhhhh!
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@wirestyle22 said in Random Thread - Anything Goes:
We're getting dangerously close to the point where I'm going to need to do a lot of research about property taxes, school districts, builders, children, etc. Ahhhhhh!
I just dove right in. Granted I used to process, close, and sell loans.
How about a Neg Am? Those are fun. -
MS delay.... > 400ms... yeah... that's great...
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@Texkonc said in Random Thread - Anything Goes:
@wirestyle22 said in Random Thread - Anything Goes:
We're getting dangerously close to the point where I'm going to need to do a lot of research about property taxes, school districts, builders, children, etc. Ahhhhhh!
I just dove right in. Granted I used to process, close, and sell loans.
How about a Neg Am? Those are fun.We're going to have a very small mortgage, or no mortgage. It depends on how much we want to spend out of our nest egg. We may just pay it off and then reimburse ourselves but we would lose a lot of investment gains/dividends. We'll see
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@wirestyle22 said in Random Thread - Anything Goes:
@Texkonc said in Random Thread - Anything Goes:
@wirestyle22 said in Random Thread - Anything Goes:
We're getting dangerously close to the point where I'm going to need to do a lot of research about property taxes, school districts, builders, children, etc. Ahhhhhh!
I just dove right in. Granted I used to process, close, and sell loans.
How about a Neg Am? Those are fun.We're going to have a very small mortgage, or no mortgage. It depends on how much we want to spend out of our nest egg. We may just pay it off and then reimburse ourselves but we would lose a lot of investment gains/dividends. We'll see
Morgtage rates are actually really decent right now even if they are going to get worse in the near future. You'd often be better off purchasing a house with a mortgage and investing the rest of the money.
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@coliver said in Random Thread - Anything Goes:
@wirestyle22 said in Random Thread - Anything Goes:
@Texkonc said in Random Thread - Anything Goes:
@wirestyle22 said in Random Thread - Anything Goes:
We're getting dangerously close to the point where I'm going to need to do a lot of research about property taxes, school districts, builders, children, etc. Ahhhhhh!
I just dove right in. Granted I used to process, close, and sell loans.
How about a Neg Am? Those are fun.We're going to have a very small mortgage, or no mortgage. It depends on how much we want to spend out of our nest egg. We may just pay it off and then reimburse ourselves but we would lose a lot of investment gains/dividends. We'll see
Morgtage rates are actually really decent right now even if they are going to get worse in the near future. You'd often be better off purchasing a house with a mortgage and investing the rest of the money.
Yeah I'm sure you're right
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@coliver said in Random Thread - Anything Goes:
@wirestyle22 said in Random Thread - Anything Goes:
@Texkonc said in Random Thread - Anything Goes:
@wirestyle22 said in Random Thread - Anything Goes:
We're getting dangerously close to the point where I'm going to need to do a lot of research about property taxes, school districts, builders, children, etc. Ahhhhhh!
I just dove right in. Granted I used to process, close, and sell loans.
How about a Neg Am? Those are fun.We're going to have a very small mortgage, or no mortgage. It depends on how much we want to spend out of our nest egg. We may just pay it off and then reimburse ourselves but we would lose a lot of investment gains/dividends. We'll see
Morgtage rates are actually really decent right now even if they are going to get worse in the near future. You'd often be better off purchasing a house with a mortgage and investing the rest of the money.
Excatly - this is a numbers game. If you can get a mortgage for 2-3% versus returns of 5+ in the market.. take the loan. To top it off, interest is tax deductible from your income so that makes your effective mortgage interest rate just that much lower.
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@wirestyle22 said in Random Thread - Anything Goes:
@Texkonc said in Random Thread - Anything Goes:
@wirestyle22 said in Random Thread - Anything Goes:
We're getting dangerously close to the point where I'm going to need to do a lot of research about property taxes, school districts, builders, children, etc. Ahhhhhh!
I just dove right in. Granted I used to process, close, and sell loans.
How about a Neg Am? Those are fun.We're going to have a very small mortgage, or no mortgage. It depends on how much we want to spend out of our nest egg. We may just pay it off and then reimburse ourselves but we would lose a lot of investment gains/dividends. We'll see
Why would you do that? You want a mortgage for the biggest percentage possible! Never do that. This is terrible, terrible financial planning. Just throwing money away.
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@Dashrender said in Random Thread - Anything Goes:
@coliver said in Random Thread - Anything Goes:
@wirestyle22 said in Random Thread - Anything Goes:
@Texkonc said in Random Thread - Anything Goes:
@wirestyle22 said in Random Thread - Anything Goes:
We're getting dangerously close to the point where I'm going to need to do a lot of research about property taxes, school districts, builders, children, etc. Ahhhhhh!
I just dove right in. Granted I used to process, close, and sell loans.
How about a Neg Am? Those are fun.We're going to have a very small mortgage, or no mortgage. It depends on how much we want to spend out of our nest egg. We may just pay it off and then reimburse ourselves but we would lose a lot of investment gains/dividends. We'll see
Morgtage rates are actually really decent right now even if they are going to get worse in the near future. You'd often be better off purchasing a house with a mortgage and investing the rest of the money.
Excatly - this is a numbers game. If you can get a mortgage for 2-3% versus returns of 5+ in the market.. take the loan. To top it off, interest is tax deductible from your income so that makes your effective mortgage interest rate just that much lower.
This is huge, but only one part of it. Mortgage rates are basically much farther below long term interest rates than this implies. It's more like a 5% gap if you are being smart and conservative.
But the really big deal is that interest from investments is taxed. But interest owed on a mortgage is a tax shelter. If you don't have a mortgage, you are more exposed to earnings.
Even without the tax shelter advantage of a mortgage (say you had no jobs and were purely living off of savings for the rest of your lives) skipping your mortgage, especially during one of the best mortgage markets in history, would be financially reckless.
