Timothy Lott

@AdvisorJohn I believe as long as asset classes hold the economy keeps rolling. People take on more debt way before they adjust their lifestyle. History shows what happens next we just can’t be sure about the timing.

Asked my neighbor how business is going. She owns a popular Italian Restaurant. She is being hit with all kinds of fuel surcharges and price increases. But, her menu prices are fixed so the weekly fluctuations are absorbed by her. But, she has been able to push prices without seeing a huge drop off in business. She said she feels sorry for families given the costs. But business is still good. I am not seeing financial or economic pain in the DC-Baltimore metro region right now. If anything, I’m seeing surprising strength. What is going on in your region? No charts - just real observations and conversations…

5.0 star review received on Experience.com for Timothy Lott by Nou Y - Tim was responsive and efficient, helping make the process smooth and fast for us. experience.com/reviews/timoth…

5.0 star review received on Experience.com for Timothy Lott by Kaying V - Good communication and ensure follow through with buyers. experience.com/reviews/timoth…

5.0 star review received on Experience.com for Timothy Lott by Jimmy H - Very knowledgeable and throughal experience.com/reviews/timoth…

@Omamba256 @Mike4Liberty @WallStreetApes Ok what are you saying

@Realgreen9 @Mike4Liberty @WallStreetApes Except I never made that claim. Try again.

What an absolute scam American bought this 5 pounds of ground beef from Sam’s Club She put it on the scale, on camera, to show the true weight It’s only 4.14 pounds If you add the “meat diaper,” the absorbent pad under the ground beef, then it’s 5 pounds. We’re paying for the meat diaper

@Omamba256 @Mike4Liberty @WallStreetApes You're claiming that Haggen meat doesn't have moisture weight. Placing a paper towel under your meat will draw moisture from the ground beef. Solving the mystery why it's possible that weighed meat placed on a sponge could weigh less after sponge is removed.

@Realgreen9 @Mike4Liberty @WallStreetApes Why would I do that?

@Omamba256 @Mike4Liberty @WallStreetApes cool - put a paper towel under it for 2 days and tell me what that looks like...

@Realgreen9 @Mike4Liberty @WallStreetApes The meat I buy at Haggen doesn’t have a meat diaper and barely leaves any liquid on the tray. So, I’ll just stick with them since they are obviously not putting extra shit in it.

@Omamba256 @Mike4Liberty @WallStreetApes Because our culture is so far removed from harvesting meat that the reality of it turns buyers off. SO we package it to make it look pretty.

@Realgreen9 @Mike4Liberty @WallStreetApes Yes. Why is there a diaper in the first place? What’s wrong with the meat that it’s leaking nearly 20% of its weight?

@Mike4Liberty @WallStreetApes If I weight 5lbs of meat and package it with a diaper, then unpack it two days later and separate it and the meat weigh less did I really get ripped off?

@WallStreetApes What does the meat diaper weigh before it absorbs water from the meat though? That original meat water is part of the original meat weight.

@elonmusk Is this really different from the shift from handwriting → typing → word processing? The tools change, but the human intent behind communication is what really matters.

AI content will vastly exceed all human content

5.0 star review received on Experience.com for Timothy Lott by John W L - Very understanding, congenial, and easy to reach. experience.com/reviews/timoth…

5.0 star review received on Experience.com for Timothy Lott by Deborah L - Timothy could not have been more helpful. He was extremely patient with us when we had some... experience.com/reviews/timoth…

@Kalshi It is kind of crazy we can't honestly discuss rate. What's your rate today? WITH ZERO DISCOUNT POINTS. Purchase = $500k LA = $400k 750 fico 40% DTI

JUST IN: Mortgage rates surge to 6.86% — highest level since November

@dangreenoh It would be like a store selling 1-pound bags of almonds for 90 cents claiming they don't add any fees for processing or risk or compliance or the store or insurance or employees or the bag they come in. BUT 1000 lbs of bulk almonds direct from the farmer sell for $1 a pound.

Opendoor is getting attention for offering mortgage rates that look "below market" and I want to talk about it. This isn't some magic trick. It's actually pretty basic. Here's how we do it: Opendoor mortgage rates aren't marked up. The end. See, when people talk about "market rates" for mortgages, they telling you about the rates they see online from their lender, or from Mortgage News Daily, or some other source. Remember: those rates include 350 basis points of markup on average, based on self-reported data to the Mortgage Bankers Association. 350 basis points is not nothing. As a rough rule of thumb, every 100 basis points markup raises a consumer's mortgage rate by 0.25 percentage points. So, let's all acknowledge that "market rates" in mortgage reflect 350 basis points of markup, which raises a customer's mortgage rate by roughly 0.875. Opendoor changed that. Our mortgage rates are what happens when you take that markup out. It's like what E*TRADE did for stocks. In the 1980s, the market price of a stock was whatever its price was plus whatever your broker charged. It's why every broker had a different price. Today, the price of a stock is the same everywhere. So if Opendoor's mortgage rates look "below market" to you, they're actually not. This is just the first time you're seeing mortgage rates without a massive markup. More here: opendoor.com/articles/why-m…

@kennethray25 @dangreenoh It would be like a store selling 1-pound bags of almonds for $0.99 claiming they don't add any fees for processing or risk or compliance or the store or insurance or employees or the bag they come in. BUT 1000 lbs of bulk almonds direct from the farmer sell for $1 a pound.

@dangreenoh “Opendoor mortgage rates aren't marked up. The end.” Perfect explanation! Opendoor is going to do to the real estate market what Robinhood did to the stock market: force competition to offer competitive rates or get left behind.

@kennethray25 @dangreenoh That's just not true. The biggest fact is on the cost of money. The cost of 30-yr MBS at 5% is around 99. 1 pt. IE-No mark up - no fees - no nothing - no service fee - there would be a cost to offer that rate.

@dangreenoh Pool of loans likely secured with 4.5 MBS coupons which are discounted today around 10bps. IE - That would cost $100k per $1millon. My guess - $500k Price $400k Loan. They are into the home for $300,000. $200K gross profit - $40k discount - $60k costs = $100k net ie 20%.

@AdvisorJohn How do you manage not being a commodity in that arena when a good lead lands?

Many realtors do not like accepting contracts from big online lenders. Why? Because the success rate in closing in time, or at all, is much worse than when using someone local. I am starting to understand why. It's easy to blame big companies and online call centers. "They hire a bunch of idiots who don't know what they are doing? They are trained to convert leads and quote rates, they are not trained to understand underwriting nuances..." But I have a new perspective. My website is beginning to drive leads. Not a ton, but so far 39 conversations YTD. Here is what I've noticed as I navigate their approvals. Many of these people are serial shoppers. They call lots of people and ask lots of questions. When they are told "No" by someone and then learn why, a few keep pushing and try to hide the reason... bend the truth, avoid disclosing certain things, etc. I'm starting to realize that these online leads are inherently much more risky. The old "Trust but Verify" needs to be replaced with "Verify...then Trust." The more I deal in this arena, the more I realize how doomed this push to make everything fully digital can be. With tech approvals, it's garbage in, garbage out...and the trash is most always found...sadly, not always in the first few days. Just an observation...and a little bit of venting...

@HomeLoanBill @Rob66733000

The chart shows that affordability is improving for the typical buyer of a median priced home, and is much closer to the mean than many believe. The chart is *not* analyzing actual buyers. It’s analyzing median family and personal income from the Census, measured across ALL Americans. Nobody drops out of the Census when they can't buy a home.

“Do the math” they say. *Does the math* “No, not that way!”