DNRforever t1_iu4zlqy wrote on October 28, 2022 at 4:18 PM

Reply to comment by Skybreakeresq in my dad wants to know if he should get a lawyer because he's losing money by brinkofwarz

Wait. Rates were at an all time low and he got a variable rate loan? Maybe he does have a case. Against himself

Skybreakeresq t1_iu5cmoy wrote on October 28, 2022 at 5:44 PM

Its the only way that the mortgage could be going up unplanned. The interest rate is x + fed rate. He got greedy and burned himself.

Spare-Competition-91 t1_iu5k4z4 wrote on October 28, 2022 at 6:35 PM

Wow, and I thought I was regarded when I lost 700K in the market listening to the wrong suggestions instead of my gut feeling to buy Google at IPO.

Skybreakeresq t1_iu5kgk3 wrote on October 28, 2022 at 6:37 PM

Ooof. My bookkeeper offered to get me and my dad in to bitcoin (like walk us through how to set it up) right after the pizza for bitcoin transaction. 😅 We didn't do it. I often wonder how life would be if we had.

Spare-Competition-91 t1_iu5lx3h wrote on October 28, 2022 at 6:47 PM

Same. I'd like to think I would be island hopping on a 45ft catamaran sailboat never caring about anything but my next beer and babe.