In The News Today...

it's really hard to find somebody who goes overboard in a big body of water, even if it is known instantly. In this case there were hours involved before reported missing. Part of this story is missing, then.

Quote: odiousgambit

it's really hard to find somebody who goes overboard in a big body of water, even if it is known instantly. In this case there were hours involved before reported missing. Part of this story is missing, then.

The thing with a cruise ship is that they know exactly the path they took based on GPS data. Granted, a body will float with the waves and current.

Quote:

QAnon leader Phil Godlewski accidentally outed himself as an alleged child predator after filing a defamation lawsuit against a local paper that exposed old court records to public scrutiny, according to a report from The Daily Beast. Despite Godlewski and QAnon’s obsessive fixation with pedophile cabals running the government, it seems in this case the call is coming from inside the house.

Great use of a campy horror trope. "The call is coming from inside the house."

And also LOL, dumbass.

SBF interview yesterday
It was absurd
He kept saying he didn't pay enough attention to risk
WTF
He was risking stolen money and lost the stolen money
Bottom line, he stole customer money and bet it all at the Crypto casino

Quote: terapined

SBF interview yesterday
It was absurd
He kept saying he didn't pay enough attention to risk
WTF
He was risking stolen money and lost the stolen money
Bottom line, he stole customer money and bet it all at the Crypto casino

I have words like “crypto” and “bitcoin” muted on Twitter.

You can imagine my confusion when I keep seeing random tweets about SBF - I have no idea what SBF is (and certainly don’t care to find out).

There are some topics I just literally could not care less about.

Kanye West is on the Alex Jones show-

Jones: "You're not Hitler. You're not a Nazi."

West: "Well, I see good things about Hitler, also. Every human being has value that they brought to the table, especially Hitler."

Quote: ams288

Kanye West is on the Alex Jones show-

Jones: "You're not Hitler. You're not a Nazi."

West: "Well, I see good things about Hitler, also. Every human being has value that they brought to the table, especially Hitler."

I wonder if he is following a strategy of not letting anyone forget he exists for more than a few weeks.

According to Brian Walsh, a CFP and senior manager of financial planning for SoFi, a fintech company, your net, or take-home, pay should be roughly between $10,500 to $11,000 per month to afford a $400,000 house. As an annual salary, that would amount to between $165,000 to $195,000 depending on your state of residence, tax filing status, and other withholdings, Walsh said.
Walsh’s calculation is based on several cost assumptions.

“The average monthly payment for a $400,000 home is $3,037,” says Walsh. “That’s based on the typical first-time homebuyer down payment of 7%, average interest rate of 6.61%, average property tax rate of 1%, average homeowners insurance of $140 per month, and average Private Mortgage Insurance of 0.6%.”

Walsh’s salary guideline is also based on the idea that a mortgage payment, including property taxes and insurance, should be no more than 28% of your gross income. This recommendation, however, may or may not be appropriate depending on your other financial commitments and debt.

“If you have other major expenses such as debt payments or childcare, it may be a little more challenging to follow this rule of thumb,” explains Walsh.
It’s also important to point out that the monthly mortgage payment figure Walsh cited for a $400,000 home can vary significantly depending on nearly all of the variables used in his calculations. For instance, if a buyer brings a larger down payment to the table, that will reduce the amount being borrowed and thus the amount of monthly mortgage payments.


There were other factors I didn’t quote fron the article that could change that estimate.

Quote: rxwine

According to Brian Walsh, a CFP and senior manager of financial planning for SoFi, a fintech company, your net, or take-home, pay should be roughly between $10,500 to $11,000 per month to afford a $400,000 house. As an annual salary, that would amount to between $165,000 to $195,000 depending on your state of residence, tax filing status, and other withholdings, Walsh said.
Walsh’s calculation is based on several cost assumptions.

“The average monthly payment for a $400,000 home is $3,037,” says Walsh. “That’s based on the typical first-time homebuyer down payment of 7%, average interest rate of 6.61%, average property tax rate of 1%, average homeowners insurance of $140 per month, and average Private Mortgage Insurance of 0.6%.”

Walsh’s salary guideline is also based on the idea that a mortgage payment, including property taxes and insurance, should be no more than 28% of your gross income. This recommendation, however, may or may not be appropriate depending on your other financial commitments and debt.

“If you have other major expenses such as debt payments or childcare, it may be a little more challenging to follow this rule of thumb,” explains Walsh.
It’s also important to point out that the monthly mortgage payment figure Walsh cited for a $400,000 home can vary significantly depending on nearly all of the variables used in his calculations. For instance, if a buyer brings a larger down payment to the table, that will reduce the amount being borrowed and thus the amount of monthly mortgage payments.


There were other factors I didn’t quote fron the article that could change that estimate.

Rx, what is the point of your post? Do you think their calculations are incorrect? I would guess that is pretty close to accurate assuming a 6.5% mortgage interest. I was lucky last year when I bought my new house I got a rate of 2.9%. My initial thought is you shouldn't be spending that much for a house if you only have 7% for a down payment.

hmmmmmmmm