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8ball

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  1. I'm heading to Wells Fargo in a couple of hours to help my son close one C/D and open another. I am not anticipating this being a smooth process. 😬
  2. This must not be a big thing in MN. I almost never see a cash vs card price difference around here.
  3. That sucks about the medication side effects 🥲. I had to go take some photos at the Pep Boys location in Lakeville yesterday. Walking around that hot parking lot I thought I was going to melt.
  4. Who would have thunk that a cartoon picture of an Ape wouldn't hold it's value?
  5. I asked perplexity what the current default rate is- According to the Federal Reserve Bank of St. Louis, the delinquency rate on credit card loans for all commercial banks in the first quarter of 2023 was 2.43% . This is a slight increase from the previous quarter, which was 2.25% 1 . However, it is important to note that delinquency rates can vary by state and age group. For example, the delinquency rate on credit cards for those ages 18-29 was 8.3% in the first quarter of 2023, compared to 5.1% a year ago 3 . Additionally, according to Citi's presentation on its earnings, the current delinquency rates are 2.8% for branded cards and 4% for retail services 4 . It is expected that delinquency rates will return to "normal" levels of 3% to 3.5% for branded cards and 5% to 5.5% for retail services by early 2024 4 .
  6. No, I was referring to Buyer's Title Insurance for whomever bought the lot and built the house.
  7. Clients always ask me if they should get Title Insurance? These types of events are extremely rare but the insurance is cheap enough that it's good protection for these one-off events.
  8. When asked to update income, or the rare new app, I use the total income from my most recent tax return. For me this is Pension, SS times 2, 401K / IRA withdrawals and income from my side gig.
  9. If you're looking to invest in real estate, I would suggest a visit to the Bigger Pockets Forum. https://www.biggerpockets.com/ There are many products that range from conventional loans, Gov. secured loans and hard money that can all be used to buy investment properties.
  10. We are 2 for 2 with cars but 7 for 2 with TV sets. 🤪
  11. Cash offer and quick close is always the best!
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