Vince Goodrum's "Fuck That Shit, I Got A Better Idea" Threads

[SF1900]

It's a rip off anyway you look at imo that's not worth $198,000 maybe $80 in Kansas or Arkansas

My friend purchased a 5 bedroom, 3 bath home in Wisconsin for 225k! House is damn big!

He only paid 27k more for a home.

[Agnostic007]

My friend purchased a 5 bedroom, 3 bath home in Wisconsin for 225k! House is damn big!

He only paid 27k more for a home.

Vince paid $60K not 188 so I don't see the connection

[SF1900]

Vince paid $60K not 188 so I don't see the connection

Oh, I read it wrong.

Looks like Vince walked away with a steal!

[loco]

I believe it is actually a manufactured home. "Mobile Home" refers to homes built prior to 1976 when the HUD code governing building standards for factory-built homes was instituted, greatly improving quality standards. Used single wide manufactured and mobile homes tend to depreciate in value rather than increase in value. Unfortunately, this makes them not a good investment.  

Yeah, you posted this already.  Did you forget, grandpa.  

[loco]

Interest Rate:  10.42%

   WTF?  Did you travel back in time to the 90s to get that mortgage rate?  

[Agnostic007]

 WTF?  Did you travel back in time to the 90s to get that mortgage rate?  

Loco, you're wanted on the "venezualians kill cows with a rock" thread

[Vince G, CSN MFT]

Well, got another letter from another bank. .........looks like I qualify for a government first time buyer loan so I'm going to call Monday and see if I can inch down the interest rate.....not that it matters but definitely can't overlook it.

[Agnostic007]

Well, got another letter from another bank. .........looks like I qualify for a government first time buyer loan so I'm going to call Monday and see if I can inch down the interest rate.....not that it matters but definitely can't overlook it.

Of course it matters..well, it matters to those who are savvy on financial issues. Good, luck, hope that they come down into the ballpark of what is reasonable. Hell, I'm considering loaning you the money at 10%

[Vince G, CSN MFT]

Of course it matters..well, it matters to those who are savvy on financial issues. Good, luck, hope that they come down into the ballpark of what is reasonable. Hell, I'm considering loaning you the money at 10%

Well, no because I'm going to pay it off in a few years and 50k for a home is not much....a couple of bitcoin.

[Twaddle]

Vince, in all seriousness, you need to look into an FHA loan.

https://www.hud.gov/program_offices/housing/sfh/title/repair

[Vince G, CSN MFT]

Vince, in all seriousness, you need to look into an FHA loan.

https://www.hud.gov/program_offices/housing/sfh/title/repair

That's what I'm waiting on actually.   Have to go by what's approved at the time and the home is still 3 months away....Plenty of time

[Agnostic007]

Well, no because I'm going to pay it off in a few years and 50k for a home is not much....a couple of bitcoin.

Its great if you can pay it off in a few years. But didn't you say you were getting a longer mortgage term because you wanted to have the cushion "in case" you hit financial issues? Well, why not shop an interest rate for the same reason? Settling for 10 plus percent because you think you will pay it off in a few years, you might as well get a 5 year loan at 2% if that's the case. 

[loco]

Well, got another letter from another bank. .........looks like I qualify for a government first time buyer loan so I'm going to call Monday and see if I can inch down the interest rate.....not that it matters but definitely can't overlook it.

Vince, I'm not hating or trolling.  I really wish you the best, but in what universe does interest rate not matter if you're getting a loan, unless you're paying it off in full within 30 days, if they'll even allow that?

[loco]

Its great if you can pay it off in a few years. But didn't you say you were getting a longer mortgage term because you wanted to have the cushion "in case" you hit financial issues? Well, why not shop an interest rate for the same reason? Settling for 10 plus percent because you think you will pay it off in a few years, you might as well get a 5 year loan at 2% if that's the case.  

Exactly, plus a low interest rate means a lower monthly mortgage payment during those "few years" that Vince will be making payments.  And a low monthly mortgage payment is a heck of a lot easier to handle if Vince were to hit financial issues, thus making it less difficult to avoid foreclosure.

[Agnostic007]

Exactly, plus a low interest rate means a lower monthly mortgage payment during those "few years" that Vince will be making payments.  And a low monthly mortgage payment is a heck of a lot easier to handle if Vince were to hit financial issues, thus making it less difficult to avoid foreclosure.

Vince reminds me a lot of my son when it comes to financial decisions. I can offer suggestions but intimately, he knows more than I do and so he buys those cars from those road side "buy here finance here" car lots without having a professional examine it, or shopping interest rates, and I watch in silence as yet again he buys a lemon that drops a transmission in 3 months and he lets it go back. 

[loco]

Vince reminds me a lot of my son when it comes to financial decisions. I can offer suggestions but intimately, he knows more than I do and so he buys those cars from those road side "buy here finance here" car lots without having a professional examine it, or shopping interest rates, and I watch in silence as yet again he buys a lemon that drops a transmission in 3 months and he lets it go back. 

Just out of curiosity, how old is your son?

[Agnostic007]

Just out of curiosity, how old is your son?

33 going on 16 on occasion

[loco]

33 going on 16 on occasion

LOL...he's lucky to have you.  This is one of the many reasons why some people are poor, and why some poor people just get poorer.  They make one poor choice/decision after another, and not for lack of good advice. 

[Agnostic007]

helly of Sawyer, KS Verified Reviewer
Original review: Dec. 5, 2017
We bought our single wide home new in 2003. While shopping we looked around at several different companies but end up deciding on Clayton because the salespeople were so nice and friendly. Worst mistake ever... as we've found out since, friendly salespeople is ALL this company has going for it. Our home is now 14 years old and it's falling apart despite us taking good care of it. The trim is falling off, the laminate countertops are peeling off, the laminate on the cabinet doors is bubbling and peeling and looks crappy. We've had to replace almost every doorknob because they all just fell off. We have a cabinet that wasn't even built square and actually bows out on the side. The front doorway wasn't even built square so our door hasn't ever properly closed. We can't even close our door well enough to lock it. It's super poorly insulated and we fight HIGH electric bills in the winter.
The most recent thing that happened, which really opened my eyes to exactly how incredibly crappy these homes are made, is a roofer recently FELL THROUGH OUR ROOF as he was putting a new roof on. We recently had some storm damage (Wind blew a section of shingles off) so we had new shingles put on. The roofer was up there removing the shingles and stepped on an area that was pieced together. When they built it, they took a bunch of little scraps of that pressed chipboard and PIECED them together without any sort of good support.
He basically stepped right on that spot and his FOOT FELL STRAIGHT THROUGH OUR CEILING. Now, get this... the spot he fell through wasn't in the area that was damaged and all the wood was fresh and clean... NOTHING ROTTEN or anything. Now if that isn't a crap job of a build, I don't know what is! It makes me sick thinking of all the money we've forked into our home. We'll be lucky if it's livable by the time we get it paid for. Speaking of paying for it brings up the other part of this horrible company. VANDERBILT. Hands down the worst company to have to deal with ever... but that's opening up a whole different can of worms and I don't have time at the moment to get into all that. So PLEASE... if you're looking for a home and you come upon a Clayton Homes center... DON'T STOP. KEEP RIGHT ON GOING.

[Agnostic007]

LOL...he's lucky to have you.  This is one of the many reasons why some people are poor, and why some poor people just get poorer.  They make one poor choice/decision after another, and not for lack of good advice. 

So true! My older sister is a prime example. Bad financial decision after another from the time she was 30 until as recently as yesterday at the age of 68. So many opportunities to get ahead.. she had good advice from family, hell, we even bailed her out more than once, (when looking back, this might not have been a good idea as she may have assumed we always would ) yet at her age, they live paycheck to paycheck with furniture we either gave her, or she bought from goodwill. I could go down the line on bad financial decisions she made over the years that had she done differently, they could be living comfortably and enjoying life now.
Too many people want to justify their bad spending habits. They "deserve" a trip to ______ so they put it on a credit card. Jimmy works hard, so I went into debt to get him that fishing boat he's always wanted... I saw these pair of shoes and they where on sale so I got them... yet they don't contribute a dime to a retirement plan or even a safety net savings account for those surprise car repairs. Then before they know it they are 65 and can't afford to stop working or go anywhere or do anything but watch cable TV. Sad really.   

[Princess L]

Its great if you can pay it off in a few years. But didn't you say you were getting a longer mortgage term because you wanted to have the cushion "in case" you hit financial issues? Well, why not shop an interest rate for the same reason? Settling for 10 plus percent because you think you will pay it off in a few years, you might as well get a 5 year loan at 2% if that's the case. 

His numbers still aren't making sense to me    Regardless, if he's going to make double monthly payments anyway, wouldn't it save a lot of $$ in the long run if he split that in half and made 2 payments a month?

[Army of One]

Vince, what is the point of the 2nd bedroom?

[che]

Vince, what is the point of the 2nd bedroom?

SF1900

[Vince G, CSN MFT]

Vince reminds me a lot of my son when it comes to financial decisions. I can offer suggestions but intimately, he knows more than I do and so he buys those cars from those road side "buy here finance here" car lots without having a professional examine it, or shopping interest rates, and I watch in silence as yet again he buys a lemon that drops a transmission in 3 months and he lets it go back. 

]



I remember you talking shit about my Jeep I bought from an auction for 975.00.   Still running fine.   Go remind yourself as to where you put your brain.

[Vince G, CSN MFT]

Vince, what is the point of the 2nd bedroom?

Office/workout room.  Good for yearly write-off as I run a home business