Wyndham

[Wyndham @Sperandum_Est]

@wbridgefa @PoleDancingPooh @bejmorri Great. Do you feel better now?

You haven’t contributed anything useful, of course. But you have made a feeble attempt at mind reading.

So, thank you for that.

[Wyndham @Sperandum_Est]

Yes I am of the belief that a financial collapse that threatens my house with a mortgage is not a realistic possibility.

I have also not built the roof of my house to withstand the impact of a commercial airplane falling out of the sky, as that also is not a realistic possibility.

Let me know how concerned you are about eminent domain and whether you trust the government to treat you fairly when the data centers want your land.

And finally, why do you GAF, jackass?

[Wyndham @Sperandum_Est]

Ok, we’re going back to a different system pre-depression again to make a point about the situation we are working in today.

By implication since you are apparently ignoring all of the government mandated safeguards then the government necessarily would have collapsed.

So what do you want to know about what happens when the space aliens attack?

[Wyndham @Sperandum_Est]

Oh, so we do collapse of the government of the United States, then comes the space aliens.

How do you lose your home? The economic system has collapsed. A piece of paper whether cash or title is worthless.

At that point, I suggest you have Guns & Ammo and a lot of well trained friends.

[Wyndham @Sperandum_Est]

@RedEaglePatriot @FairfaxFSDBeta Then don’t bring it up in the first place. Because it just sounds like underhanded bullshit innuendo.

[Wyndham @Sperandum_Est]

That just reinforces that fact that the government will step in under extreme circumstances.

And whether you paid off your loans or not won’t change that.

It seems like at this point your arguments are all over the place.

I won’t be surprised if I have to address space aliens from you next?

[Wyndham @Sperandum_Est]

@OldRowSwig Yes, or wait until verified before posting anything.

[Wyndham @Sperandum_Est]

Never. Because there are numerous regulatory mechanisms that were put in place after the GD to specifically prevent that from ever happening again.

But if your basis of logic is absolute zero risk, are you under the impression that there is absolute zero risk of you losing your house?

I can think of several risks to losing your property. One being that property Title is a paper & electronic file at the county records. Do you trust the government that much to put all your eggs in one basket like that?

[Wyndham @Sperandum_Est]

@RedEaglePatriot You also probably didn’t have a team of doctors at your disposal to give you a cocktail of therapeutic infusions and antibiotics and cocaine and whatever else they were doing to Biden for 4 years to keep you out there on the campaign trail in the homestretch.

[Wyndham @Sperandum_Est]

Ok, good to know.

When has the FFIC failed to meet its obligations?

I am not worried about you. I am trying to convey the fallacy of believing that putting all of your excess cash into paying off a 3% mortgage when current bonds are in the 5.5% range as somehow the safe choice.

I understand if you don’t know that is what you are doing.

But willfully choosing to earn less money without any risk aversion is dumb. Covered wagons or not.

[Wyndham @Sperandum_Est]

Cool story bro. Covered wagons and all.

Was that before or after this thing called FDIC?

I encourage you not to base your financial decisions on the regulatory environment that existed prior to the Great Depression vs. what is in place today.

You still haven’t answered how you are going to feed your family when all you have is a house and no job and no money.

Maybe you can pull the front door off your house and see if the grocery store will accept that as payment.

[Wyndham @Sperandum_Est]

Smart and safe. Not sure what is so complex by this.

I personally have no desire to risk my dwelling, which is why having more cash value whether it is equity or a security than less of those things is the better way to go.

I would definitely choose more over less every single time.

[Wyndham @Sperandum_Est]

@Nops9090 @wbridgefa Are you a retard?

Financial health matters a lot.

Why would you lose the house if you have stacks of cash on hand?

Have a brain, man.

[Wyndham @Sperandum_Est]

When you write: "Harder to survive a layoff when you have a mortgage", it indicates you do not understand.

Harder than what? Why would having loads of cash on hand (presumably several years' worth of mortgage payments) be harder than no cash and no mortgage?

How are you going to eat?

[Wyndham @Sperandum_Est]

@bejmorri @wbridgefa Well for one there's this thing called closing.

A better way to look at it is this. You have $100 cash in hand and two guaranteed options:

Option A: Earns 3% return

Option B: Earns 5% return

According to you the 3% return is the way to go. Smart.

[Wyndham @Sperandum_Est]

Whoooosh. Over the head. The point is either investment savings or put it all into paying down the mortgage.

Without any income and no savings. How are you going to pay for clothes, food, medicine, electricity, gas.....?

Are you going to cut off pieces of your house and hand them to the grocery store for payment?

[Wyndham @Sperandum_Est]

@Nops9090 @wbridgefa A fool and his money are soon parted.

Good luck, my friend. It seems that is what you are relying on anyway.

[Wyndham @Sperandum_Est]

@GeorgiasGiant @wbridgefa Well then, charge onward in defiance, Don Quixote.

[Wyndham @Sperandum_Est]

@wbridgefa @Nops9090 Likewise. Good luck with those feelings handling your finances. I sincerely hope it works out for you.

[Wyndham @Sperandum_Est]

@Cernovich Physiognomy still undefeated.