Well come to think of it, if you had money in your brokerage account that's worth 3X the loan amount that you are seeking, why don't you buy the place outright? I mean you are borrowing only 60% of the place but you had 3X of the loan amount in your account so you should have more than enough to cover the entire purchase. Why bother to borrow? But anyway don't never ever never ever show the bank your brokerage statement for mortgages because of our trading, our account balance can fluctuate from time to time but that in no way ever affects our ability to pay but those retard bankers don't know that. The bank asked me to show my brokerage statement as well when I was trying to get a mortgage and I flatly refused. I provided them with all the proof of income documents that I could and basically just told them to take it or leave it. They ended up still giving me the mortgage. They want our mortgage business just as much as we want a mortgage from them.
how to provide proof of income to rental people too brainwashed by normies to comprehend
- Thread starter stochastix
- Start date
Well come to think of it, if you had money in your brokerage account that's worth 3X the loan amount that you are seeking, why don't you buy the place outright? I mean you are borrowing only 60% of the place but you had 3X of the loan amount in your account so you should have more than enough to cover the entire purchase. Why bother to borrow? But anyway don't never ever never ever show the bank your brokerage statement for mortgages because of our trading, our account balance can fluctuate from time to time but that in no way ever affects our ability to pay but those retard bankers don't know that. The bank asked me to show my brokerage statement as well when I was trying to get a mortgage and I flatly refused. I provided them with all the proof of income documents that I could and basically just told them to take it or leave it. They ended up still giving me the mortgage. They want our mortgage business just as much as we want a mortgage from them.
In 2020 only a fool would have used precious cash to sink in an apartment when the market was on fire.
Well not to jab it in further or anything but instead of this,
you might have been better to spend it to buy a property that might have appreciated more by now.
I did very well in 2020, but 2021 and 2022 in particular were bad. I wrote off a number of bad trades but held on to TSLA and added more as the stock dropped. I will recover my 2020 gains once it hits 400 again, which I'm convinced it will by end of 2014 at the latest.Well not to jab it in further or anything but instead of this,
you might have been better to spend it to buy a property that might have appreciated more by now.
Despite a few issues I won't bore you with, the apartment is rented for 5 years and rent covers mortgage. So it turns out to be a pretty good investment in light of the market crash.
Have you been to Mallorca?
no. You bought it as an investment or to live in?
Both. I can easily see myself live there for the rest of my life but... Spanish law forces me to report global assets once a resident and I have no intention of doing so. Consequently, I can only live there 5 and half months a year.