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Brisketexan

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Posts posted by Brisketexan

  1. No you are being deliberately stupid.  There is no contradiction at all.  You are arguing that the "industry" is ONLY HUD and traditional banks.  It is not.  How is this hard for you to grasp.  I will go slowly again.  HUD has different terms than traditional banks.  HUD does not have different terms from a myriad of other non traditional options for financing multifamily.  HUD is not unique in the "industry" but they are unique from traditional  banking that makes up a portion of the "industry".  All of the non traditional financing sources for multifamily will give you equivalent terms to that of HUD.  Otherwise, they would never get any business.

    If other lenders will give you “equivalent terms,” how are HUD’s terms not just an advantage, but the “biggest advantage?” How can something I can get the equivalent of somewhere else be my “biggest advantage?”

    Are you enjoying this? Because I am.
  2. 1 minute ago, sheeeit said:

    Seriously?  Is this how you argue as a lawyer?  I hope not.  

    The market for financing is not, as you seem to argue/think, made up solely of traditional banks and HUD.  There are a myriad of financing options in multifamily.  There are advantages and disadvantages to all of them.  Collectively, they make up the market.  HUD, by no means, dominates the financing market for multifamily.  You seem to be arguing that HUD offers better than market terms.  If so, why don't they have all the business?  This is just stupid.

    You asked a legitimate question about why someone would do a HUD loan that had higher up front fees and a market interest rate.  I tried to explain why someone would go that route.  

    What happened to you?

    It's exactly how I argue as a lawyer.

    I win.  A lot.

    My percentages get even better when dealing with an opposing witness like you.

    I'm not arguing shit -- you are.  I'm just quoting you.  And you got caught in a flat-out contradiction.  Because you lie and bend the truth when it suits your purposes.  You don't like getting caught.  Most liars don't.

    • Like 1
  3. 3 minutes ago, sheeeit said:

    Simply because of HUD's terms, the industry has had to match them.  So, yes, it is market.  

     

    35 minutes ago, David Dennison said:

    The biggest advantage to the HUD deals (and they are fee heavy) is that they will give you a fixed rate loan with a longer amortization than traditional banks.  HUD will actually do 40 year ams and fix the rate for 25 yearsTraditional lenders will be less expensive up front but will only fix the rate for 10 years or so and usually they will not do an am schedule over 20 years. 

    If quote 1 is true, quote 2 is false.

    If quote 2 is true, quote 1 is false.

    Smooth move.

  4. 11 minutes ago, sheeeit said:

    Not much, it is a question of risk.  The biggest advantage to the HUD deals (and they are fee heavy) is that they will give you a fixed rate loan with a longer amortization than traditional banks.  HUD will actually do 40 year ams and fix the rate for 25 years.  Traditional lenders will be less expensive up front but will only fix the rate for 10 years or so and usually they will not do an am schedule over 20 years.  With the HUD deal you give up cash up front to lock in todays interest rate.  They are also assumable, but so are most traditional loans.

    if you are going to sell the asset in the next 5-7 years then HUD is nott he best option but if you intend to hold it long term, then HUD makes some sense.

    So, the bolded part was a lie.  I'd say that different terms (length) and different periods of fixed vs. ARM rate are, ummm, significant differences from traditional financing.  Which renders THIS description false as well:

    Quote

    he fact that people think a program where the borrower pays hundreds of thousands of fees as well as market interest on a loan is welfare is awesome. 

    He's NOT paying market interest -- not over the life of the loan he ain't.

  5. 1 minute ago, sheeeit said:

    If Hannity used it, then he paid hundreds of thousands in fees to HUD and is paying market interest on the debt. 

    Wait.  There's a program where I can get financing to buy real estate, I pay the going interest rate on the financing, AND I pay extra hundreds of thousands in fees?

    SIGN ME UP!

    Seriously, I don't know much about these programs, but you just described a deal that I would think anyone with rudimentary math skills would run away from.  What is missing in your description?

  6. 1 minute ago, C-Man said:

    They could find a way to put wheels on the fucking things.

    Fucking this.  I have one (my wife got it for me as a gift -- not what I would have suggested, but I'm hard to shop for), and it's a pain in the ass to haul anywhere.  And wheel kits for them are like $150.  Ridiculous.

  7. 3 minutes ago, Hugo Stiglitz said:

    The opposite.  We should pull for Macron to keep chumming it up with Trump.  He’s a shitload better influence on Trump that the brutal dictators Trump seems to love.

    Macron is especially important for the U.S. right now since Trump can’t warm up to Merkel or May.

    And 100% this.

    Macron is playing Trump.  And that's good for all of us.  He gets Trump to think they're pals.  And Trump will go along with something from his pal...if his pal plays him the right way.  It's all simple jedi-mind trick shit, and anyone worth a shit who's negotiated with a Gump-like adversary (or partner) has used them.

    Macron: "Man, Donald.  We have always wanted to do X, but Obama just wouldn't go for it.  That was really frustrating."

    Trump: "I'LL DO IT!  OBAMA WOULDN'T, BUT I WILL!"

    If your job is "get Trump to do what I want," there are a lot of EASY ways to do that.  And if you have to act like his bestest buddy to get there, that's the price you gotta pay.

    • Like 4
  8. 1 minute ago, Hugo Stiglitz said:

     

    Was widely expected once Abbott 1) requested an AG opinion on the matter late last week, and 2) got a favorable opinion yesterday (Paxton's office said "if you think there's an emergency, that's probably enough basis to call a special election").  By the way, the turnaround on that AG opinion was, umm, SUPER fast.

  9. 34 minutes ago, Francisco 2.0 said:

    He's clearly a POS.

    But that doesn't mean that she's not crazy, too.  She's a bleach blonde hispanic Trumpkin who had an affair with a married man and had his baby, expecting things to work out a-ok.

    The best people.

     

    The Kellyanne crack is funny, though.  Rude, misogynist, and utterly inappropriate....but it's the Trump White House.  I'd expect that various people's boobs are the topic of at least 30% of the conversations around there.

  10. 11 minutes ago, DanTheHorn said:

    So flipping Cohen can be a minefield.

    https://www.politico.com/story/2018/04/24/cohen-trump-attorney-legal-minefield-546336

    I say they just refer any likely state crimes to the Sate of New York and let them prosecute with what they got. If Cohen kept recordings they may have enough. Keep him from being pardoned.

    Actually, that article takes a whole lotta words to say not much.  Here's the entire gist and point:

    Quote

    Even if Cohen is inclined to share information about Trump with prosecutors, the government would likely want a judge to rule explicitly that the attorney-client privilege doesn't apply — either because Cohen was engaged in order to commit a crime or because the matter in question did not involve confidential legal advice.

    And that's correct.  That's why the EXCEPTIONS to the privilege are the whole point here, particularly with respect to the subpoena itself.  If a prosecutor is going to use an attorney-client communication involving a defendant, they HAVE to get a finding from the court that the crime-fraud exception applies, or that it doesn't meet the standard of an attorney-client privileged communication (e.g., it was not a communication for the purpose of legal advice.  If Cohen and Trump are talking about their favorite movie on the phone, that communication isn't an attorney-client communication.  It's also probably not relevant for anything, but the point is that not all communications between an attorney and his client are attorney-client communications).  So....no shit, sherlock.

  11. 1 minute ago, Francisco 2.0 said:

    “Now even the Christian culture is O.K. with it,” said Jim Daly, the president of Focus on the Family, one of the nation’s largest evangelical groups. “That’s the sadness,” he added. “The next time a Democrat in the presidency has a moral failure, who’s going to be able to say anything?”

    Daly seems to suggest that evangelicals will hesitate to be complete hypocrites.

    Newsflash to Daly: they won't hesitate.  They'll jump right into attacking a Dem for being 1/10th the slimeball that Trump is, and they'll offer up some pathetic token explanation about how "this is different," and that will be that.

    Expecting integrity, decency, or logic from the evangelicals is folly.

  12. 2 hours ago, Johnny Sack said:

    I started in the late 70s and early 80s.  And I never ate shit like olive loaf or vienna sausages at hunting camp.  

    Chili, burgers, fajitas, frito pies, big pot of beans, brisket, sausage wraps, breakfast tacos, deer backstrap, hot dogs, etc.  You don't have to eat filets every meal, but fuck that prison trash you mentioned.

    Well, you gotta understand a few things.

    1 -- my parents were from the poverty class, or damned close to it.  And we were firmly lower middle class most of my life.  So, packed sandwiches on roadtrips and whatnot were the order of the day.  And our hunting camps and fishing set up were pretty damned rudimentary.  No power, water, fancy shit like that.  I stayed in a cabin that was built using leftover campaign signs from my aunt's last race for county clerk (she held the office for 20 years).  Not fancy, but it kept out the wind and rain.

    2 -- caveat: my dad's mexican.  SO, if we were going to the beach....shit was totally different.  Mexicans don't do baloney sammiches at the beach.  Oh no, we packed up the Weber kettle grill, and bags full of marinated fajitas, ribs, and whatnot.  And dad built a good charcoal fire and grilled stuff for lunch.  We ate like kings (kings eating really cheap cuts of meat) at the beach.

    • Like 1
  13. 18 minutes ago, Chad Fuck said:

    Rather, they aren't.

    But there's your immigration crisis in the making.  All those swinging dicks are going somewhere.  What do they have to lose?  Gots to get paid.  Gots to get laid.

    Y'all have raised an eyebrow when I've mentioned it before, but "lack of pussy" may be the most dangerous geopolitical factor out there.

    People don't revolt/start wars when they are well fed and economically content.

    MALE people don't revolt/start wars when they are getting some on the regular.

    Look at so many of the lone wolf attackers, terrorists, and the like that we've seen over the last 20 years or so.  Regardless of ideology, there's a common thread that runs through a great number of them -- they ain't getting any.

    Sexual frustration is gunpowder waiting for a spark.

  14. 10 hours ago, In10se said:

    Ironic that it's going to be white America's gullible nature feasting on their own insecurity and jingoistic fears that will bring this country crashing to the ground. 

    They let republicans and so called "conservative" media fool them into a state where they prey on those fears to get the power to enrich themselves far beyond anything the Jesus they claim to serve would consider greedy and gluttonous. 

    Especially considering almost every minority group that is in America wants to assimilate to the same white American ideals. Steady job. House. Nice car. White America is fighting a strawman and stabbing themselves in the process. Then repeating over and over. 

    Rep given.

    10 hours ago, JimmyJames said:

    The olds/boomers are the ones who put trump in office. If you think about it, his election really is the best expression of that generation ever. Addicted to TV/propaganda, eats a lot of fast food, completely narcissistic, claims to not being racist when in fact they are, looks for the easy buck, puts their own self interest ahead of the generations of future Americans,  etc.

    Trumps is the apex of the boomer generation and they will forever live in infamy because of it. Sorry for the good people of that generation, of which their are countless. You just got overwhelmed by the pieces of shit. Not completely your fault but youre not blamelesss either. Clean up your own house. 

    Rep given.

    10 hours ago, Grade of D as in David said:

    I think brisket thinks the only solution is for the EU to declare war on America and fix our problems for us. Like we did for Germany 75 odd years ago.

    Well...you're not entirely wrong.

    And shit, with DOTUS in charge, we could end up at war with Portugal or some shit (I volunteer for occupation duty in Lisbon, by the way).  But that won't help.  Because the disease that Trump is a symptom of is global.  We're looking back on 75 years of the most peaceful, prosperous era in human history, and in country after country (see Trump, see Brexit, see AFD in Germany, see Poland, see Hungary, see Front Nacional, etc. etc.), saying "fuck that shit!"  We look at an approach that, while of course not perfect, led to a golden age, and saying "naah, let's go back to the ethnic tribalism bullshit that served us so well for all the previous war-torn, plague-ridden centuries!"

    Forgive me if I'm a bit vexed by that utter stupidity.

  15. We have maligned the American voter for good reason (electing dotus) but the same electorate voted overwhelmingly for Obama. He will go down as a mediocre president and a badass human being, but people still voted for him despite accomplishing virtually nothing after his first two years when the congress flipped.
     
    trump was an outcry from our marginalized fellow citizens. Was it stupid to vote for this conman? Yes. But they voted for him bc he's the first modern candidate that said free trade isn't fair trade and I'm going to fix it. He totally stole that from the 1980's Dems who became too snobby and wealthy to keep that as a platform to build on.
    dems need to live and learn; don't run your smugness in and keep it real...no! Keep it treal (I believe that means keep it triple real) and nominate a candidate that is actually relatable.

    Read the Atlantic piece. It ain’t about trade.
  16. Brisket is actually going to be sad when trump is gone by 2021 if not sooner. All that misanthropy and nihilism for nothing

    Well, it wouldn’t have been for NOTHING. It’s really helped me focus on my plan for drinking when it all goes to shit. I wasn’t prepared before.
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