Flow of Money

Well from a money update, one thing has come up... I've found it is nearly impossible to get a loan in todays market for an investment high rise condo. Why I don't know.. but 3-6 months ago it was very feasible. Today the brokers are telling me.. "likely not possible" and thats it he worst environment they've ever seen for sourcing loans. Wow that is really jacked up.

Seems if I put 50% down I can get some loans. Other loans I will have to pay 7.25% + 4.5pts which would amount to ridiculous sum. I guess I'm going to have to walk on my condo and lose 3% ! Hmm i am not that concerned because A) its only money B) market is dumping, I am probably down 5% on this property as it is. Consumer credit market is really bad. I can now firsthand say I've experienced it. Tombo even said he had to put a huge down payment to get a loan his new house and this is for owner occupied! What the hell?

So I guess I blow another few 10's of $K. Hmm the past 2-3 years I've been blowing some good cash on random nonsense. While its not the best thing.. I suppose I'm not starving and my 401k/IRA's are well funded so who gives a shit really. If there is one thing my ex-gf/breakup taught me is to enjoy life a little more and not be so obsessive about building a money empire. So its a minor annoyance at worst. W/ the JPY2USD hovering at $1:100 can't ask for much more.

This friend who just left my company (friend of VIG) is interesting.. he makes a base sal of about 250k + bonus so total comp picture is 350k-400k (I think -- because dunno his bonus but i do know his base). To his relief he landed a new job after being pushed out that pays a base of ~325k -- it was a relief because the jacked up part is he says he only has enough money saved to last a few months w/o working. We are all shocked at this.. his lifestyle is so high for he and his wife that he only has a few months of cash saved when he makes 300k+ a year?? Damn that is pretty jacked up.

Goes to show.. some people will always spend all the money they earn. Need to focus on the basics. Enjoy life, but don't build your life of enjoyment around big spending habits!