Inventor & engineer, husband, and dad (4 humans, 2 dogs, and 2 cats).
Michigan, USA
Joined May 2009
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Rob D'Oria retweeted
Here’s my first ad.
I’m running for Congress to fight for my daughters – and yours.
So in my first ad, I decided to turn the mic over to them.
Can’t wait for his “missing important context” or “what I meant to say” post tomorrow along with the army of folks, led by @gdb, that will defend this ghoulish thinking.
For all the serious sports journalism folks going after Lynn Jones, @AdamSchefter, @PatMcAfeeShow, and telling everyday folk that they "don't understand the job". Y'all the same folks that came out in droves to defend this nonsense:
xitter.cf/JomboyMedia/status/174…
Math checks out, but you don't know financing.
The notion that lenders would offer a 50-year mortgage at the same interest rate as a 30-year is laughable. Accounting for that, your math starts to fall apart.
Your rate of return also doesn't account for inflation.
You also don't account for the very high likelihood that home values will collapse in the near (< 20 years) future.
“YoU dON’t knOw maTH”
Here’s the math then:
$400,000 Mortgage Comparison @ 6%
30-Year Mortgage
- Monthly Payment: $2,398
- Total Loan Cost: $863,352
50-Year Mortgage
- Monthly Payment: $2,106
- Total Loan Cost: $1,263,372
Total monthly savings: $292
$292/month for 50 years is equivalent to $4.3mil if invested in the S&P500 AND taking into account inflation.
The bank is giving you a $3.9mil discount on the money and that’s not even taking into account increase rent cost and real estate appreciation over 50 years.
“But people won’t use the money to invest”
The argument remains valid. The value of monthly savings is much greater than the additional interest you pay the bank.
Who wins?
You. You’re getting a steal.
Solves exactly ZERO problems and creates a lot of new ones. Unless the 50-years are underwritten by the Feds (please no!), the interest rates will be higher than a 30-year, resulting in a monthly payment maybe slightly less than a 30-year.
That by itself should be enough for this to be DOA. Start factoring in the very high likelihood of collapsing home prices in the next 20 or so years (...because it's going to be dirt cheap to build a new one), and now you're upside down on your loan because in the first 30 years of a 50-year mortgage you've built up almost no equity...so you will easily owe more than the home is worth.
Please don’t take anyone peddling this 50-year mortgage idea seriously if their comparison suggests a 50-year mortgage will gave the same interest rate as a 30-year.
And, you will NEVER own your home, and those extra 20 years increase the probability of home prices collapsing during the life of your loan.
This solves no existing problems and only creates new ones.
Rubbish statement aside, the amount of people saying they will just switch to Hulu or fubo without realizing both of those streaming services are owned by Disney is frightening.
Disney, and by extension ESPN, are the bad guys here. It's not even a 1a/1b argument at this point.
Looking forward to the @UmpScorecards on the @tigers vs Mariners game…the number of missed ball/strike calls would seem to favor Seattle.
I can’t wait to see the @UmpScorecards on the @tigers and @Rangers game because the guy behind the plate has been terrible.
Trade Ben Johnson and picks to the Raiders for Maxx Crosby. Use our picks to trade up and get Johnson's choice of QB.
Who says no?
#OnePride #RaiderNation
Rob D'Oria retweeted
5K RTs = We drop the postgame speech
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#ProBowlVote
Asked @grok to create "An image of an Eagle in a Philadelphia Eagles jersey sitting on a throne made from Charmin Ultra Soft". ...not bad.
#2PlyEagles2Ply #FlyEaglesFly #OnePride
Question for #OnePride today: What teams left on our schedule or in the playoffs (clinched/likely) do you think can outscore us? If you can't answer that definitively, then please relax. We're 12-2 and still the 1-seed. And we have help returning on defense for the playoffs.