thebug Posted April 29, 2010 Share Posted April 29, 2010 On second thought sunlights=sun=heat=melted igloo. I'm sorry but I refuse to let you bring me down. I will be going ahead with this project regardless. I just need to secure the financing now. I need about 10 mil, apparently the "market value" will be very high after the renovations, so the investment is well worth it. Link to comment Share on other sites More sharing options...
Chef Jim Posted April 29, 2010 Share Posted April 29, 2010 I'm sorry but I refuse to let you bring me down. I will be going ahead with this project regardless. I just need to secure the financing now. I need about 10 mil, apparently the "market value" will be very high after the renovations, so the investment is well worth it. Alright, it's your reputation. Ok, step one....get elected mayor. Step two rig government financing. Step three buy forclosed igloos for Treefitty. Step three, sell igloos for $15bazillion. Step four wash, rinse, repeat. Did I get that right? Link to comment Share on other sites More sharing options...
Magox Posted April 29, 2010 Share Posted April 29, 2010 I'm sorry but I refuse to let you bring me down. I will be going ahead with this project regardless. I just need to secure the financing now. I need about 10 mil, apparently the "market value" will be very high after the renovations, so the investment is well worth it. You must be Celtic's partner. Link to comment Share on other sites More sharing options...
Chef Jim Posted April 29, 2010 Share Posted April 29, 2010 You must be Celtic's partner. No, I just think they read the same books. Link to comment Share on other sites More sharing options...
Magox Posted April 29, 2010 Share Posted April 29, 2010 No, I just think they read the same SEIU links Link to comment Share on other sites More sharing options...
Celtic_soulja Posted April 29, 2010 Author Share Posted April 29, 2010 I am not making anything sound "lucrative" Magox...you guys are saying I'm marking these properties way up for no good reason...I feel completely different...the mark up will be good for the town and the people who buy the houses and the city's tax revenue...more revenue = more cops, bigger library, better afterschool programming, better infrastructure...town builds on a bigger budget...more attractive to live there...more attractive to live there, higher market value for homes...I see it as rebuilding, you see it as price gouging...once bang comes to bullets, we'll see who the people of my town side with...you want to overpay for a house for building a great city, if you can do it on your paycheck?...bottom line...I think they side with me...but you could be right, they might say no and move to a landlord owned property and pay the extra money to rent and not own...you can't always make the horse drink as they say... And you think I cannot secure funding...well the jury is still out of course, this is just a virtual vague "dream" plan...since I haven't secured the funds already, this is a pipedream no doubt...but I do have a very detailed poa to secure those funds...but I DEFINITELY cannot let THAT cat out of the bag...certain things still hang in the balance right now and posting what my detailed plan is could be detrimental to the plan itself at this moment in time...now, it's highly unlikely that the people I can't involve yet will read a friggen TBD post...the risk to reward factor...risk being someone does dig deep enough to find out the plan and derails is....reward being I am justified on TBD and more importantly to Magox lol...yeah not the risk/reward ratio I'm lookin for heheheh...sorry If they buy insurance on a home, and burn it down after one month...okay, so they are screwing the insurance company...that, I didn't think about...but I am sure we will cover that before jumping in...I don't foresee my city's citizens being that money hungry...again this is not wall street we are talking about here... I'll just say this: It is a sad day when someone tries to do something good for a neighborhood that everyone has already dismissed, and people are so vehemently against it. It is a sad day that people would say things like "you are the evil banker" because I am using the same methods, but using the funds to rebuild the city and help the city's budget and help the individual citizens by repairing urban blight and taking a salary of less than the state's average salary...it's a sad day that people will try to manipulate the message of someone that actually gives a sh*t about the people, to make it seem as though they are taking advantage of the people...like the system has obviously already done over and over again... And, Magox...demonizing the Unions and working for the Banks is completely ridiculous...and a good example of ignorance is connecting "working class" to communism...you show your utterly unintelligence pertaining to politics and ideologies making a statement like that...I know you're not the only one that feels that way...but that's what makes it even more sad... I'll pull a you..."quick quick...what is the difference between Communism, Socialism, and what I'm trying to do??" c'mon hurry, go google it...maybe you'll learn something Chef: yeah, you're right you can have both success and money....but you can be successful without it...and if you are truly wise you understand that if you can be happy without enormeous amounts of wealth, but choose not to help others with it...you do not understand compassion or virtue...and without that deep understanding, you can only be so happy...idealistic? very...I study more philosophy/religion than I do finance and elaborate loans...because I want to make the world better...not enrich them...same with my children....I never told anyone money itself was evil...greed is.... Link to comment Share on other sites More sharing options...
Jim in Anchorage Posted April 29, 2010 Share Posted April 29, 2010 Alright, it's your reputation. Ok, step one....get elected mayor. Step two rig government financing. Step three buy forclosed igloos for Treefitty. Step three, sell igloos for $15bazillion. Step four wash, rinse, repeat. Did I get that right? You forgot connections in city hall to lower property taxes. And a army of volunteer labor. And 85 families with bad credit and no jobs who you will suddenly make responsible and accountable. I still like yurts when things go bad you just pack em up and go elsewhere. Link to comment Share on other sites More sharing options...
DC Tom Posted April 29, 2010 Share Posted April 29, 2010 If they buy insurance on a home, and burn it down after one month...okay, so they are screwing the insurance company...that, I didn't think about...but I am sure we will cover that before jumping in... You're sure you'll cover it...but you haven't PLANNED for it. That's my entire point...you have an idea, and it's not a bad one, but not any sort of practical implementation of it. And you actually dismissed that perfectly valid (and important) criticism above as "being too more in details than concepts". I don't foresee my city's citizens being that money hungry...again this is not wall street we are talking about here... Yeah, poor people never want money. That's why they're poor. Link to comment Share on other sites More sharing options...
DC Tom Posted April 29, 2010 Share Posted April 29, 2010 You forgot connections in city hall to lower property taxes. And a army of volunteer labor. And 85 families with bad credit and no jobs who you will suddenly make responsible and accountable.I still like yurts when things go bad you just pack em up and go elsewhere. GERS, goddammit. Not yurts. Link to comment Share on other sites More sharing options...
Magox Posted April 29, 2010 Share Posted April 29, 2010 And, Magox...demonizing the Unions and working for the Banks is completely ridiculous...and a good example of ignorance is connecting "working class" to communism...you show your utterly unintelligence pertaining to politics and ideologies making a statement like that...I know you're not the only one that feels that way...but that's what makes it even more sad... Relax CS, and turn on your sarcasameter, the commie comment was a joke. Also in regards to: I am not making anything sound "lucrative" Magox...you guys are saying I'm marking these properties way up for no good reason...I feel completely different...the mark up will be good for the town and the people who buy the houses and the city's tax revenue...more revenue = more cops, bigger library, better afterschool programming, better infrastructure...town builds on a bigger budget...more attractive to live there...more attractive to live there, higher market value for homes...I see it as rebuilding, you see it as price gouging...once bang comes to bullets, we'll see who the people of my town side with...you want to overpay for a house for building a great city, if you can do it on your paycheck?...bottom line...I think they side with me...but you could be right, they might say no and move to a landlord owned property and pay the extra money to rent and not own...you can't always make the horse drink as they say... You missed the whole point. Your deal, isn't lucrative what so ever, you will end up losing money FOR SURE! What is lucrative is the markup, if someone buys a home for $60,000 and sells it for $180,000 and gets all the money up front through financing, then yes, that is LUCRATIVE. In your case, IF everything goes according to plan, inflation remains stable, all 85 tenants always pay their bills and you have no other issues, you still dont make that much money, because it is over a 20 year period. Of course, there will be issues, and you WILL have a high default rate (because of your lax credit requirements and 0 gimmicky down payment), inflation will spike and since you have no loan loss reserves, it is only a matter of time before you default on your loan. I wasn't being cute with you, I brought up legitimate issues that can help you if you decide to move forward with this. OK? Link to comment Share on other sites More sharing options...
The Plastic Cup Posted April 29, 2010 Share Posted April 29, 2010 It's like I tell my wife: we can better help people if we ourselves aren't charity cases. Of course, that's before I found out we're just victims of the evil bankers. No one can escape. We already have a scheme to make millions from Celtic's new project. Muahahahaha!!! Link to comment Share on other sites More sharing options...
DC Tom Posted April 29, 2010 Share Posted April 29, 2010 Relax CS, and turn on your sarcasameter, the commie comment was a joke. Also in regards to: You missed the whole point. Your deal, isn't lucrative what so ever, you will end up losing money FOR SURE! What is lucrative is the markup, if someone buys a home for $60,000 and sells it for $180,000 and gets all the money up front through financing, then yes, that is LUCRATIVE. In your case, IF everything goes according to plan, inflation remains stable, all 85 tenants always pay their bills and you have no other issues, you still dont make that much money, because it is over a 20 year period. Of course, there will be issues, and you WILL have a high default rate (because of your lax credit requirements and 0 gimmicky down payment), inflation will spike and since you have no loan loss reserves, it is only a matter of time before you default on your loan. I wasn't being cute with you, I brought up legitimate issues that can help you if you decide to move forward with this. OK? Not okay, because you and I...we're too concerned with details. We don't understand "concepts". Link to comment Share on other sites More sharing options...
erynthered Posted April 29, 2010 Share Posted April 29, 2010 No one can escape. We already have a scheme to make millions from Celtic's new project. Muahahahaha!!! Perfect timing Link to comment Share on other sites More sharing options...
Magox Posted April 29, 2010 Share Posted April 29, 2010 Not okay, because you and I...we're too concerned with details. We don't understand "concepts". Details Shmeetails, who needs them? Link to comment Share on other sites More sharing options...
Magox Posted April 29, 2010 Share Posted April 29, 2010 No one can escape. We already have a scheme to make millions from Celtic's new project. Muahahahaha!!! All your collateralized debt obligations are belong to us. Link to comment Share on other sites More sharing options...
Jim in Anchorage Posted April 29, 2010 Share Posted April 29, 2010 Okay Palin...it's probably becuase "us" people are not capable of rebuilding our own cities...right?...it's a slum because landlords and bankers let them get that way by not properly assessing what these properties could be if marketed to the right people...and establish responsibility and accountability... And, Magox...demonizing the Unions and working for the Banks is completely ridiculous You are all over the place. Are banks good, or bad? Link to comment Share on other sites More sharing options...
erynthered Posted April 29, 2010 Share Posted April 29, 2010 I am not making anything sound "lucrative" Magox...you guys are saying I'm marking these properties way up for no good reason...I feel completely different...the mark up will be good for the town and the people who buy the houses and the city's tax revenue...more revenue = more cops, bigger library, better afterschool programming, better infrastructure...town builds on a bigger budget...more attractive to live there...more attractive to live there, higher market value for homes...I see it as rebuilding, you see it as price gouging...once bang comes to bullets, we'll see who the people of my town side with...you want to overpay for a house for building a great city, if you can do it on your paycheck?...bottom line...I think they side with me...but you could be right, they might say no and move to a landlord owned property and pay the extra money to rent and not own...you can't always make the horse drink as they say... And you think I cannot secure funding...well the jury is still out of course, this is just a virtual vague "dream" plan...since I haven't secured the funds already, this is a pipedream no doubt...but I do have a very detailed poa to secure those funds...but I DEFINITELY cannot let THAT cat out of the bag...certain things still hang in the balance right now and posting what my detailed plan is could be detrimental to the plan itself at this moment in time...now, it's highly unlikely that the people I can't involve yet will read a friggen TBD post...the risk to reward factor...risk being someone does dig deep enough to find out the plan and derails is....reward being I am justified on TBD and more importantly to Magox lol...yeah not the risk/reward ratio I'm lookin for heheheh...sorry If they buy insurance on a home, and burn it down after one month...okay, so they are screwing the insurance company...that, I didn't think about...but I am sure we will cover that before jumping in...I don't foresee my city's citizens being that money hungry...again this is not wall street we are talking about here... I'll just say this: It is a sad day when someone tries to do something good for a neighborhood that everyone has already dismissed, and people are so vehemently against it. It is a sad day that people would say things like "you are the evil banker" because I am using the same methods, but using the funds to rebuild the city and help the city's budget and help the individual citizens by repairing urban blight and taking a salary of less than the state's average salary...it's a sad day that people will try to manipulate the message of someone that actually gives a sh*t about the people, to make it seem as though they are taking advantage of the people...like the system has obviously already done over and over again... And, Magox...demonizing the Unions and working for the Banks is completely ridiculous...and a good example of ignorance is connecting "working class" to communism...you show your utterly unintelligence pertaining to politics and ideologies making a statement like that...I know you're not the only one that feels that way...but that's what makes it even more sad... I'll pull a you..."quick quick...what is the difference between Communism, Socialism, and what I'm trying to do??" c'mon hurry, go google it...maybe you'll learn something Chef: yeah, you're right you can have both success and money....but you can be successful without it...and if you are truly wise you understand that if you can be happy without enormeous amounts of wealth, but choose not to help others with it...you do not understand compassion or virtue...and without that deep understanding, you can only be so happy...idealistic? very...I study more philosophy/religion than I do finance and elaborate loans...because I want to make the world better...not enrich them...same with my children....I never told anyone money itself was evil...greed is.... Can you see Russia from one of the locations? I'd take one if you could! $500 a month, right? Link to comment Share on other sites More sharing options...
Jim in Anchorage Posted April 29, 2010 Share Posted April 29, 2010 GERS, goddammit. Not yurts. I can see Mongolia from my house. I will be the final word on Yurts, thank you. Link to comment Share on other sites More sharing options...
Just Jack Posted April 29, 2010 Share Posted April 29, 2010 Two words to discourage you from this plan. Global Warming. A few more ash spewing volcanoes will fix that. Link to comment Share on other sites More sharing options...
Chef Jim Posted April 29, 2010 Share Posted April 29, 2010 A few more ash spewing volcanoes will fix that. I thought it was my car? Oh well..... Link to comment Share on other sites More sharing options...
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