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I finally bought it Fellas!

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Old 10-08-2016, 04:41 PM
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Long time without coming here, and I find this.

MBS55,

it has been quite a ride, a joyful,adventurous,energetic,senseless,humorous ride. A ride where the destination meant less than the journey itself. Well played, well done.

Congrats, like I had said in earlier posts.

By the way, wow, $333k buys a lot of property over there,
Old 10-08-2016, 10:39 PM
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Originally Posted by mercedesbenzs55
Would debt to income ratio have something to do with it?
No.

My guess is that it has something to do with the NY Federal Reserve.
Old 10-08-2016, 10:58 PM
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Originally Posted by The Thomas J
No.

My guess is that it has something to do with the NY Federal Reserve.
The Fed actually has nothing to do with mortgage rates. Mortgage rates follow the mortgage backed security coupons, which are traded on Wall St. Rates are also very sensitive to the region you live in. For instance, here in IL, we have the most competitive rates in the entire country. Our rates are generally lower than the East coast....and quite a bit lower than the South. Competition is a big driver of rates. There is definitely a lot more profit in it for mortgage companies on the East coast since their customers are used to paying more for their products and services. That's why the cost of living is quite a bit higher out there.

I think 3.25% is a fantastic rate with a 640 score on an FHA 30 year fixed. It seems that the PNW must be a very competitive area for rates too. Not too surprising since the area is loaded with whiny Prius driving, tree hugging liberals who feel they are entitled to everything for free.
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Old 10-08-2016, 11:38 PM
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2019 S63 4Matic+, 2018 E400 Cabrio, wardens car.
A 2013 S63 is a 60-70K car, think long and hard before spending this much money on a 4 year old car that has super high depreciation, high insurance costs and a very spendy warranty. A house on the other hand is a great investment but don't be tempted to over extend yourself on a car way out of your financial league. Banks will give you all the rope you want and you will end up hanging yourself with it with bad decisions.
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Old 10-09-2016, 08:52 PM
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Originally Posted by DaveW68
The Fed actually has nothing to do with mortgage rates. Mortgage rates follow the mortgage backed security coupons, which are traded on Wall St. Rates are also very sensitive to the region you live in. For instance, here in IL, we have the most competitive rates in the entire country. Our rates are generally lower than the East coast....and quite a bit lower than the South. Competition is a big driver of rates. There is definitely a lot more profit in it for mortgage companies on the East coast since their customers are used to paying more for their products and services. That's why the cost of living is quite a bit higher out there.

I think 3.25% is a fantastic rate with a 640 score on an FHA 30 year fixed. It seems that the PNW must be a very competitive area for rates too. Not too surprising since the area is loaded with whiny Prius driving, tree hugging liberals who feel they are entitled to everything for free.


Good info, are you a real estate broker? Your last sentence is dead on. Can't stand them. Most of them can barely afford a city bus.
Old 10-09-2016, 08:55 PM
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Originally Posted by superpop
A 2013 S63 is a 60-70K car, think long and hard before spending this much money on a 4 year old car that has super high depreciation, high insurance costs and a very spendy warranty. A house on the other hand is a great investment but don't be tempted to over extend yourself on a car way out of your financial league. Banks will give you all the rope you want and you will end up hanging yourself with it with bad decisions.


lol, ill first wait until at least 2021, this way I can buy it cheap and give er' the ol' mallet!


I will much rather save that money and buy an older duplex, mallet that some and rent it out. At least that what my dads advice is.
Old 10-09-2016, 09:01 PM
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Originally Posted by $100 GUY
Long time without coming here, and I find this.

MBS55,

it has been quite a ride, a joyful,adventurous,energetic,senseless,humorous ride. A ride where the destination meant less than the journey itself. Well played, well done.

Congrats, like I had said in earlier posts.

By the way, wow, $333k buys a lot of property over there,


Thanks for the support! I have learned so much from being apart of this thread. Everyone has thier style and mindset, seeing them all crisscross has been a joy.
Old 10-09-2016, 09:42 PM
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Originally Posted by DaveW68
The Fed actually has nothing to do with mortgage rates. Mortgage rates follow the mortgage backed security coupons, which are traded on Wall St
Seriously? You think if the fed fund rate was 6% (t bill or overnight), anyone would taking on additional "risk" to lend at 3.5% on a mortgage?

Mortgage rates (ie mbs) are traded on wall st, yes, but the pricing represents a risk premium over treasuries, which themselves are priced as a risk premium over over t bills / fed rate. Raise the fed rate, and everything else goes up. Ironically, lowering the fed rate didn't automatically lower everything else... as a lot of fat cats pocket larger spreads while rates came down gradually. Last I heard, they were still pockets way fat spreads relative to risk to treasuries (but I haven't looked this year).

So while it may true to say the Fed doesn't set mortgage rates, it is misleading to say the fed has "nothing to do with them".
Old 10-09-2016, 10:16 PM
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Originally Posted by nycphotography
Seriously? You think if the fed fund rate was 6% (t bill or overnight), anyone would taking on additional "risk" to lend at 3.5% on a mortgage?

Mortgage rates (ie mbs) are traded on wall st, yes, but the pricing represents a risk premium over treasuries, which themselves are priced as a risk premium over over t bills / fed rate. Raise the fed rate, and everything else goes up. Ironically, lowering the fed rate didn't automatically lower everything else... as a lot of fat cats pocket larger spreads while rates came down gradually. Last I heard, they were still pockets way fat spreads relative to risk to treasuries (but I haven't looked this year).

So while it may true to say the Fed doesn't set mortgage rates, it is misleading to say the fed has "nothing to do with them".
The Fed had a direct effect on rates back when they were buying MBS to the tune of around $90B/mo. They are no longer doing that. But the big misconception is that when the Fed raises rates that mortgage will follow. In fact, the last time the Fed raised rates late last year, mortgage rates actually went lower. When the Fed raises rates, it has a direct effect on HELOC's and credit card rates, but not mortgage rates. IMO, the Fed needs to finally be killed off once and for all. They are nothing but a private criminal banking cartel that has been fu**ing America over for the last 103 years and shifting wealth to the richest of the rich, mainly the Rothschild family and their heirs.
Old 10-18-2016, 07:01 AM
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Junk forum.
Old 10-18-2016, 11:44 AM
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Originally Posted by itschase
Junk forum.

Here's his original post:


"I would seriously donate money if you would stop posting and giving these abusive clowns (sarcastic or not) entertainment.
The Audemars Piguet I wear daily has a cash value higher than your project and it's functionally useless. I still check the time on my iPhone, and I'd be damned before I'd tolerate anyone telling me it was a stupid purchase. Don't let anyone ever tell you how to spend your money - or what is worth putting effort into. I've done similar to what you're doing several times and the cars were always the most memorable and meaningful. The vehicles I just buy at a dealership? Easily forgotten.
Remember what Oscar Wilde said, synical people know the price of everything but the value of nothing."


Doesn't he kinda remind you of that guy, Jobs2CEO?
Old 10-18-2016, 12:44 PM
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I believe Audemars Piguet is a painful genital rash. Very tough to treat.
Old 10-18-2016, 01:25 PM
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Originally Posted by Mike5215
I believe Audemars Piguet is a painful genital rash. Very tough to treat.

Apparently expensive too!


And since your too rich, ill take you up on your offer.


PayPal: Anuka_x@hotmail.com send me what your overly lux self can handle.

Last edited by mercedesbenzs55; 10-18-2016 at 01:27 PM.
Old 10-18-2016, 01:27 PM
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Yep, found it on WebMD!



Old 10-18-2016, 01:55 PM
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And apparently, Oscar Wilde was illiterate. Who knew.
Old 10-18-2016, 02:04 PM
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Originally Posted by nycphotography
And apparently, Oscar Wilde was illiterate. Who knew.
He was also very synical.
Old 10-18-2016, 08:24 PM
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I heard that Audemars Piguet is generally spread by synical people who use public computers to search ****. They usually whack off and then move the mouse with their whacking hand to the next image. Very easy to spread the disease as the bacterial warts can survive up to 30 minutes on surfaces other than the body.

Be careful out there!
Old 10-18-2016, 08:44 PM
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It's not the lesions that are the worst part. It's the itching and the smell. Or so I've been told.
Old 10-20-2016, 08:12 PM
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Man just when I thought this thread was dead a faint pulse is felt.
Old 10-20-2016, 08:49 PM
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By far the single most informative thread on the entire forum.
Old 10-20-2016, 10:48 PM
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Originally Posted by Mike5215
By far the single most informative thread on the entire forum.
It's the thread that keeps on giving.
Old 05-15-2017, 09:32 PM
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Originally Posted by Mike5215
EXT. S600 - NIGHT

Cruising. Traffic is light.
An INCOMING CALL. The display reads "WALTER T."

MIKE
It's our favorite scene tech. What's up Wally?

WALLY
(OS, FILTERED)
Can you guys get by here? You're gonna
wanna see this.

Dave nods and toggles the lights.

EXT. SALVAGE YARD CRIME SCENE - NIGHT

Techs and processors working under portable flood lights. WALLY, a forensic tech, has his flashlight trained on a section of ground.

Mike and Dave enter.

DAVE
If you find my partners dignity down there,
flag it as evidence he used to be a man.

WALLY
Hey guys.

MIKE
What I tell you about playing in
the dirt?

Dave takes Wally's light, trains it on the dirt.

WALLY
Tire impression.

MIKE
Congratulations. A tire track in an auto
junkyard.

DAVE
Have a look partner.

Mike moves in.

MIKE
Cooper Zeon?

WALLY
XL. Gets better. Security cam shows a late model W221 pulling up here six hours before
our boy went to that great car crusher in the
sky.

DAVE
Only one W221 in the country rides on
Cooper Zeons.

MIKE
Naslund Starmine

DAVE
Give the man a cigar.
What an incredible piece of work there, you guys are SO crafty and clever

Hell, I bet Dave's just the man to get Mike's dick hard again....for sure...
Old 05-15-2017, 10:16 PM
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Originally Posted by NaslundStarmine
What an incredible piece of work there, you guys are SO crafty and clever

Hell, I bet Dave's just the man to get Mike's dick hard again....for sure...
Mike gave up on that pursuit eons ago. Now he's just happy that the choppier ride in his C-class won't hurt his package. As Mike always says, "It don't hurt if you can't feel it." Wise words!
Old 05-15-2017, 11:36 PM
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The Coopers are a little too pricey fellas. I found an even cheaper tire!

It's made in Mexico and it's called "El Diablo Mucho Radial Supremo". $74 for a set of 4 at Costco. Plus they're good for the environment. They're made up almost entirely of recycled used condoms fished from the Rio Grande.
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Old 05-16-2017, 12:46 AM
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Originally Posted by Mike5215
The Coopers are a little too pricey fellas. I found an even cheaper tire!

It's made in Mexico and it's called "El Diablo Mucho Radial Supremo". $74 for a set of 4 at Costco. Plus they're good for the environment. They're made up almost entirely of recycled used condoms fished from the Rio Grande.
I've heard that those tires are very slippery. I've heard of many owners complaining about trying to go back and forth, but stay stuck in the same spot. I can't imagine what they'd be like on wet or snowy roads.


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