Joseph G.
1.5K posts

Joseph G. retweetledi

@SenWarren @grok estimate how many jobs Elon Musk has created for the United States from all of his companies, even the ones he is no longer involved with.
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Joseph G. retweetledi

Cam Newton this morning to recruits and Strength/ Conditioning Coach George Courides after his personal workout with Courides at the Woltosz Football Performance Center:
“If they ain’t about winning they can get out of my face and go back to where they came from. I’m tired of supporting something that’s not winning! Can you deliver that message to the parents? Especially to the parents. Before they ask for money, WE. WANT. WINNERS. That’s our restitution. We give you money, you give us wins, and if you don’t. CTRL. ALT. DELETE.”😤🦅
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@vrexec If mortgage rates drop to ~4.8% or lower, buying usually wins and you end up with more net worth after 5 years.
At today’s ~6.5% rates, renting wins by ~18% return in an example I did with a middle class home.
Lower rates = less wasted interest = buying makes sense.
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I'm doing some back of the envelope math on buying vs renting.
Say you buy a $1M house with 20% down at about 6% mortgage rate and plan to stay there for five years.
Your principal paydown in the first five years is about $57,000, but you've paid about $230,000 in interest.
You've also paid roughly $100,000 in property taxes, insurance, and maintenance.
Say the house appreciated 2.5% every year — so when you sell it's worth about $1.13 million.
Your all-in costs to sell are about 7.5% — brokerage commissions, transfer taxes, attorney fees, title insurance, and the inevitable post-inspection negotiation. On a $1.13M sale that's about $85K in fees.
So you net about $1.046M. You still owe $743K on the mortgage. You walk away with about $303K in cash — your $200K down payment back, your $57K in principal, and about $46K in net profit from appreciation.
Your non-recoverable costs — interest, property tax, insurance, maintenance — were about $330K over five years, or about $5,500/month. That's your effective rent.
But you "made" $46K selling, or about $770/month — so your effective rent was about $4,700/month.
Not bad, but you tied up $200K for five years to get there. And if appreciation was 1.5% instead of 2.5%, that net gain basically disappears and you're paying $5,400+/month in effective rent.
And this assumes there's appreciation at all — and that something doesn't go wrong with your house that needs a major remodel or repair.
On a five-year horizon at 6% rates, you need everything to go right on appreciation just to make ownership competitive with renting.
The transaction costs eat most of your upside.
What am I missing? Anything?
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Joseph G. retweetledi

NBA Legend Charles Barkley went on an EPIC rant talking about spanking/discipline
“I think if you don’t spank your kids, and discipline them, they turn into some of these brats we got today.” 🔥
Spanking is Biblical: Spare the rod. Spoil the child.
(🎥: @dpshow)
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Joseph G. retweetledi

The Prayer at Jordan-Hare is EASILY the unluckiest play ALL TIME.
Kalshi Sports@KalshiSports
What is the unluckiest sports play you've ever seen?
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Joseph G. retweetledi
Joseph G. retweetledi
Joseph G. retweetledi

Releasing this tomorrow morning
One of the best sitdowns we’ve had in 4 years
Auburn Football@AuburnFootball
Talking Ball 🏈 @CoachGolesh 🤝 @JoshPateCFB
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@_JHokanson @AuburnOn3 Lord I’ve seen what you’ve done for others…🙏🏼
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Byrum Brown met with the media after Auburn’s first spring practice and already sounded like a quarterback taking ownership of the team.
@AuburnOn3 SPRING CAMP SPECIAL: on3.com/teams/auburn-t…
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@awfulannouncing I don’t think this is an awful take. All the teams on the bubble showed that they could lose some pretty bad games. But Auburn was the only team on the bubble that had some of the biggest wins of the year. Multiple conference champions and the remaining national champions.
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Joseph G. retweetledi











