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Old 03-24-2020, 05:45 PM   #21
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............... I was born with a marketable skillset,.............
You were a better baby than me. I just cried and pooped.
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Old 03-24-2020, 05:53 PM   #22
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I was born naked and penniless.
Same here. Big deal.

Some are even born missing some limbs or organs.
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Old 03-24-2020, 06:34 PM   #23
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It was a good rant, and a good read, IMO. I'm good with it.

And when I hear about stopping foreclosures and evictions, etc, I get it. But I also think, what about the landlords, or mortgage holders? Many of them might be getting by on the edge too? Is it fair to them to force a limit on their actions? I'm sure there are cases where the renter was living a higher life-style than the landlord - but it's almost impossible to do this fairly. As you say, "Life ain't fair. Accept it."

But when it comes to: But I hold a number of private mortgages (I'm the lender.) Within a few weeks of a viral pandemic, numerous borrowers are coming asking for forbearance.

Well, you chose that investment vehicle. It's not diversified like a stock index, you hold a "number" of mortgages, likely far less than the number of stocks I own. You were in a position to evaluate the risk/reward, and you took it. So I'm not too quick to feel too sorry for you in that regard (hey, it still sucks, I get it). Was one of your criteria that the people you loan too needed to have 6 months of spending in an emergency fund? I'm sure it wasn't, so the risk for you was always there.

Anyhow, I hope things work out for all involved.

-ERD50
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You're doing a heckuva job. Keep up the good work.
Old 03-25-2020, 04:54 AM   #24
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You're doing a heckuva job. Keep up the good work.

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It was a good rant, and a good read, IMO. I'm good with it.
Ditto. Sometimes we just need to vent and hear a bit of encouragement. Both are free.

In the words of Red Green, "Illegitimati non carborundum".
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Old 03-25-2020, 06:00 AM   #25
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I was born naked and penniless.
And thrown headlong into a cold world where you could not speak or understand the language.
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Old 03-25-2020, 06:07 AM   #26
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I was born naked and penniless.
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And thrown headlong into a cold world where you could not speak or understand the language.
After that I bet y’all spent a bunch of years living off someone else and not providing a single thing for yourselves or anyone else.
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Old 03-25-2020, 06:09 AM   #27
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I was born naked and penniless.
my sister was born naked and penisless
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Old 03-25-2020, 06:35 AM   #28
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Thanks. Yes, my signature is accurate. A little more of the story....most everything described happened well before I had real money. I was normal kind of earner for most of the history. The big bucks started in my late 30's, crashed (completely) with the Great Recession, and then went up a lot with the recently departed bull market. So you're right...nowadays I'm in good shape regardless, but the stuff that got me to this place financially mostly happened from tenacity and perseverance long before the financial cushion arrived.
You mean you earned your own way? What a novel approach! You definitely
get the participation award and I might add another for being honest enough
to share this story. BTW, I feel exactly the same way.

Best to you,

VW
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Old 03-25-2020, 07:09 AM   #29
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Sorry but I couldn't disagree more. In the distant past both DW and I qualified for unemployment and even welfare at one point. The satisfaction of working through the tough times without a handout proved much more valuable than a few unearned bucks.
I have taken unemployment when laid off, and the satisfaction of working through tough times with unemployment proved more valuable than some simple "life lessons" you can read in a book or hear from anyone who felt they pulled themselves up by their own bootstraps and felt the need to share their story with you as inspiration.

One is cold hard cash that can pay bills, the other is what people make out of an inspirational story.

For those low on inspirational stories, there are audio takes by Tony Robbins and Zig Ziglar available for download.
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Old 03-25-2020, 07:17 AM   #30
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Very well put. I get the most from obstacles I have have had to overcome or endure.

From the movie Saving Private Ryan,
'Earn this.'
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Sorry but I couldn't disagree more. In the distant past both DW and I qualified for unemployment and even welfare at one point. The satisfaction of working through the tough times without a handout proved much more valuable than a few unearned bucks.
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Old 03-25-2020, 07:23 AM   #31
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After that I bet y’all spent a bunch of years living off someone else and not providing a single thing for yourselves or anyone else.
Thank you Mommy and Daddy!!
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Old 03-25-2020, 09:33 AM   #32
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Jay, many Reno workers don’t make enough money to have a emergency fund since rents have skyrocketed. If your renters are casino workers, service workers, etc they are barely making it. If they are professionals with a high income then you are right.
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Old 03-25-2020, 09:47 AM   #33
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my sister was born naked and penisless
I made a post earlier as an attempt at humor. Mine was terrible.
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