Really enjoyed debating with my top lender that 1-4 family spec construction loans are not profitable for the bank anymore without other pieces of the builders business. He refused to believe that was true but it is.
So many mispriced CRE loans out there right now. Bid on a large retail center 1.20x DSCR project specific, low grade tenants, no A credit tenants at all, and weak guarantors. They ended up getting 6.50%.
If you grew up in a town where you park like this you have to explain the nearest big city you live closest to because nobody knows the town you actually live in
UPDATED: From 2020
LYNETTE (MUND) JOHNSON: 1991 Milnor graduate.
1990 Miss Basketball
3x All-State, 2x 1st team.
2645 career points.
High point game of 41 in state tourney against DesLacs-Burlington.
Went to the State B her junior and senior seasons, placing 4th and then 3rd.
2x State All-Tournament Team.
Went to NDSU where she was part of
3 National Championship teams; 1993, 1994, 1995. Team went 32-0 in 1995.
She gained All-Conference and All-Region her senior season.
Coached and taught in St. Louis for 5 years before coming back to North Dakota where she taught and coached in West Fargo for 6 years before marrying and moving to Bismarck in 2008.
Lynette is currently Assistant Principal at Bismarck High.
Lynette and her husband Ryan live in Bismarck and have two children, Payton and Kinley.
The man who built a swimming pool for the neighborhood kids at 94, has turned 100. The kids - and their parents - threw Keith Davison a party.
βI'm surrounded by friends and what more could you ask for,β the WWII veteran said: https://t.co/SwRpdcdPu4 #land10kstories
Football polls from the #NDAPSSA#NDpreps
Class A 11-man
1 Velva-D-A-G
2 Kindred
3 Trinity
4 Langdon Area-E-M
5 Central Cass
RV: Shiloh Christian
9-man
1 Sargent County
2 South Border
3 New Rockford-Sheyenne-Maddock
4 Westhope-Newburg-Glenburn
5 New Salem Almont
RV: North Prairie, Alexander
NDSU honored the Fargo PD and the families of the officers involved in the July 14th shooting. Andrew Dotas, Tyler Hawes, and Zach Robinson were on the field for the coin toss. Fallen officer Jake Wallin's parents were also in attendance. π
#WeAreFargo
Gary Cohen on the Orioles/Kevin Brown controversy.
"Let me just say one thing to Baltimore Orioles management. You draped yourself in humiliation when you fired Jon Miller. And you're doing it again. And if you don't want Kevin Brown, there are 29 other teams who do."
A new car is the largest purchase most of us make that actually goes down in value and it goes down in value "like a rock." That's where Chevy got the line!
Let's put the numbers in perspective. If you buy a brand-new $28,000 car, it's going to be worth $8,400 in four years. That means you're losing $408 every month in depreciation. If you think you can afford that hit, then try this: once a week on your drive to work, roll down the window and throw a hundred-dollar bill out. Can you afford that? I don't think so.
There is no such thing as a good deal on a new car. The instant you drive it off the lot, you are immediately losing money, and you can't drive that car fast enough to catch up.
Is it ever okay to buy a brand-new car? Sure, when you have a million dollars in the bank and can actually afford the financial hit of throwing tens of thousands of dollars away just for fun.
Until then, do what most millionaires do: buy slightly used and pay with cash.