ANGRYBUTTCRACK
Well-known member
- May 6, 2021
- 1,837
- 1,554
Well refi is out of the question. My friend and his partner are the top producers nationwide for their company doing home mortgages. He and his partner run an office in San Clemente.
He's down 75% (from this last 14 year run of easy money and doesn't 'understand' that rate were above 10% in the 80's.. got as high as 18.6% in 82 if my memory serves me .. I was 10 years old then, but my parents remember.. for sure).. other friends of mine who do refi's are down 85%.
His personal assistant was making $15k/month.. now she's making $2k-$3k/month.. NO BODY with a 3% fixed loan is refinancing... only those that have to. My friend and his partner were making over a Mil/year.. they'll be fighting to make $250k/year for a while IMO.
Remember all those dudes that used equity to buy rails prior to the financial crash?
:makerain:
kiedokie:
Our whole group had built Rhino's back then and only my friend who owns a fire/flood restoration company and myself bought rails. The rest of our group.. bunch of low life flat billers.. lost everything.
We both bought in 2009.. me in April, my buddy got his Buckshot in July. It was weird.
abc
He's down 75% (from this last 14 year run of easy money and doesn't 'understand' that rate were above 10% in the 80's.. got as high as 18.6% in 82 if my memory serves me .. I was 10 years old then, but my parents remember.. for sure).. other friends of mine who do refi's are down 85%.
His personal assistant was making $15k/month.. now she's making $2k-$3k/month.. NO BODY with a 3% fixed loan is refinancing... only those that have to. My friend and his partner were making over a Mil/year.. they'll be fighting to make $250k/year for a while IMO.
Remember all those dudes that used equity to buy rails prior to the financial crash?
:makerain:
kiedokie:
Our whole group had built Rhino's back then and only my friend who owns a fire/flood restoration company and myself bought rails. The rest of our group.. bunch of low life flat billers.. lost everything.
We both bought in 2009.. me in April, my buddy got his Buckshot in July. It was weird.
abc
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