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RL Questions that don't deserve their own thread

Discussion in 'Real Life Discussion' started by Ched, May 31, 2013.

  1. wordhammer

    wordhammer Supreme Mugwump DLP Supporter

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    Georgia Martins
     
  2. TheWiseTomato

    TheWiseTomato Tactical Tomato DLP Supporter

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    I am actually all over this. A friend and I brainstormed a bunch years ago. Highlights included Maxwell Shaft and Jarvis Baron.
     
  3. Sorrows

    Sorrows Order Member Prestige DLP Gold Supporter

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    For a moment I thought that said Jarvis Bacon.
     
  4. Ched

    Ched Da Trek Moderator DLP Supporter

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    Sounds like something a drunk Tony Stark would pick.
     
  5. Xantam

    Xantam Denarii Host

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    Question for any audiophiles or home theater enthusiasts: What is the importance of AV Receivers and why are they so expensive (more so than quality TVs in some cases)?
     
  6. awinarock

    awinarock Fourth Champion

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    I'm looking to buy some land in the mountains. The particular patch of land I'm looking at costs about $9.5K. Would it be better to get a loan or simply save up the money and pay the whole thing upfront?
     
  7. Ched

    Ched Da Trek Moderator DLP Supporter

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    Xantam - I don't know. I usually ask those questions on HardForum when I have them.

    Awinarock - if you save up is it likely to be still be available for purchase when you're ready?
     
  8. Agayek

    Agayek Fourth Champion DLP Supporter

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    Depends on your income and the loan rates in the area, honestly. My suggestion would be to save up, especially since it's mountain land; it's not exactly in high demand, but I'm also far more averse to debt than most people, so take that for whatever it's worth.
     
  9. awinarock

    awinarock Fourth Champion

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    I honestly don't know which is why I'm kinda stuck between deciding whether or not to save up for it (which would take at least a year or two given what I make) or to just bite the bullet and get a loan. Like Agayek said, it's mountain property so it's not exactly in high demand but there is a demand. My worry is that cheaper properties will bought.

    I make minimum wage so it would take a year or two of penny pinching to save enough money for the land and by then it may go up in price. Of course, it might go down as well but I'm not a huge fan of making guesses as to where the market's headed. Loan rates for raw land, especially in remote areas, are terrible and many of them require large downpayments. Fortunately, I might qualify for a Section 523/524 loan which would greatly reduce the downpayment and the interest rate (possibly to zero). Unfortunately, only areas that are considered rural by the USDA qualify for the Section 523/524 loan so I guess I'll have to call in and check this afternoon.
     
  10. Perspicacity

    Perspicacity High Score: 3,994 Prestige DLP Supporter DLP Gold Supporter

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    If you don't mind my asking, what are you planning to do with the land? If you are planning to improve it and this is an investment (possibly for a domicile), then I'd say take out a loan (interest rates are low) and make payments to get the property you plan to use. If it's just "buy and hold," it's not generating revenue for you while you hold, and it's not expected to appreciate in value faster than your interest payments on the debt, then you may be better off passing on buying until you have the cash to purchase it outright since you'll be effectively paying extra + paying taxes for land you're not using.

    Depending on the seller, you might be able to work out a seller financed mortgage or equivalent if you don't want to or can't come up with all of the cash up front, though unless you have lawyer (or realtor) friends you can buy off with beer and the like to write up the docs, you may be out more in legal fees than it's worth. Any way you go (conventional lender, federally managed lender, or seller-financed), you'll get better rates and treatment if you have a substantial down payment on the note to begin with and decent credit (every lender will run a credit check).
     
  11. awinarock

    awinarock Fourth Champion

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    My plan is to slowly make improvements and build my retirement home. I'd chill in a camper or a van while I improve the land, and occasionally work for a couple of months till I have enough money regular bills and some minor luxuries. From what you've said and the research I've done, a loan would be my best option.

    Thanks for the advice everyone.
     
  12. Ched

    Ched Da Trek Moderator DLP Supporter

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    If you are sick and coughing all night - do you sleep soundly anyway?

    I ask because I've been sick the last few days and coughing a fair bit. From my perspective I slept great last night - woke up feeling rested and whatnot.

    But I was almost certainly coughing all night in my sleep because I was coughing before bed and once I was awake.

    Also because I apparently kept the couple up next door with my coughing. They came over a bit ago to offer me cough relief and went on about how I couldn't have gotten any rest with all that coughing.

    When I was a kid my parents always seemed to assume the same thing. If I was coughing they'd come wake me up and bother me about trying to stop the cough so I could sleep - but I had been asleep, and again from what I felt I was getting good rest.

    So does coughing at night keep most of you up? Or do you sleep through your coughing just fine? What's the norm?
     
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