wtb: Yamayork...will pay 30% interest

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Steve Marcus
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Re: wtb: Yamayork...will pay 30% interest

Post by Steve Marcus »

Don't know if this seller will honor your terms, bloke, but at least he deserves a "bump."

viewtopic.php?f=4&t=70726&p=577697&hili ... rk#p577697
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Billy M.
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Re: wtb: Yamayork...will pay 30% interest

Post by Billy M. »

bloke wrote: ...with one balloon payment made by me which comes due in 480 months.
Bloke obviously plans to live forever... or at least after the great Ploygdar Invasion of 2032.

But I say too much. You must not know the troubles to befall you, lest they be much worse than already seen.
Romans 3:23-24

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rodmathews
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Re: wtb: Yamayork...will pay 30% interest

Post by rodmathews »

30% interest compounded over 40 years on a principal of $38,000 comes out to $494,000. This might be a record price paid for a toobah.

Make it an even $500K and I'll consider it. ;-)
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Re: wtb: Yamayork...will pay 30% interest

Post by rodmathews »

Ha! I don't think you would like the terms of my agreement paperwork.
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Re: wtb: Yamayork...will pay 30% interest

Post by rodmathews »

Oh, don't worry. The agreement would be set up with the highest preference against the assets remaining in your estate (or trust) at the time of your death. The full amount of the balloon payment would come off the top of your assets (accelerated payment based on your "life event"), so estate taxes wouldn't come into play. There would also be restrictions on the treatment of your assets between now and that time to prevent any funny business, with the note being called in full based on certain events or changes in your balance sheet.

I'm really positive you wouldn't like the terms. ;-)
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