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DrHenley 04-18-2022 10:49 AM

Quote:

Originally Posted by BlackKnight (Post 175300)
Also, we ordered an electric car for my wife. It's a Ford Mach -E. It's awesome car. I'm not so much a tree hugger as I love the technology. And, they're fast!

Maybe, but it doesn't even look like a Mustang, it's a completely different car that LOOKS like a tree hugger egg car with a Mustang label on it. GEEZ haven't these numbskull car companies learned ANYTHING from Tesla???
https://i.imgur.com/l1FOMfp.jpg

FfNJGTFO 04-18-2022 11:11 AM

Quote:

Originally Posted by BlackKnight (Post 175300)
Good luck with everything. I just recently taught a long range class this weekend. It was a blast as always. I've decide to get another long another rifle. I'll post and talk about in another thread.
Also, we ordered an electric car for my wife. It's a Ford Mach -E. It's awesome car. I'm not so much a tree hugger as I love the technology. And, they're fast!

Quote:

Originally Posted by DrHenley (Post 175301)
Maybe, but it doesn't even look like a Mustang, it's a completely different car that LOOKS like a tree hugger egg car with a Mustang label on it. GEEZ haven't these numbskull car companies learned ANYTHING from Tesla???
https://i.imgur.com/l1FOMfp.jpg


If I do go "electric," it will be either a "pick up" truck or a full sized SUV (i.e. Toyota 4-Runner or Sequoia sized). Having had all kinds of issues with these "rental" cars I've been renting lately (all very low to the ground), I know I need a vehicle with some height so I don't have problems getting in and out of it, as well as being able to see over the front of it.

BlackKnight 04-18-2022 04:45 PM

Quote:

Originally Posted by DrHenley (Post 175301)
Maybe, but it doesn't even look like a Mustang, it's a completely different car that LOOKS like a tree hugger egg car with a Mustang label on it. GEEZ haven't these numbskull car companies learned ANYTHING from Tesla???

I disagree. I think it looks sharp and it has a lot of the Mustang elements built into it. I also think it's sharper than the Tesla SUV. I do like the Roadster, though. I'm also not buying it because of the name. If I wanted a sports car, which I'm playing with the thought of, I will look into a GT350, GT500 or maybe the new Corvette. Leaning towards the new vette.
While I don't believe or prescribe to the belief that electric will save the world, I do lie and think the technology is cool.

DrHenley 04-18-2022 05:58 PM

Whatever floats your boat Tony.
I just don't understand why they didn't just use the actual Mustang instead of "Mustang elements." If I wanted an electric Mustang, I'd want an electric MUSTANG, not some midget Mustang-ish car.

BlackKnight 04-18-2022 06:03 PM

Quote:

Originally Posted by DrHenley (Post 175304)
Whatever floats your boat Tony.
I just don't understand why they didn't just use the actual Mustang instead of "Mustang elements." If I wanted an electric Mustang, I'd want an electric MUSTANG, not some midget Mustang-ish car.

And you may see it as I think every car manufacturer will eventually offer every model in electric. In one way it's their effort to electrify everything.
On a related note, my brother-in-law who works for the FBI stated that they will eventually convert their fleet to all electric. Supposedly a Biden administration directive.

FfNJGTFO 04-24-2022 05:55 PM

Quote:

Originally Posted by DrHenley (Post 175304)
Whatever floats your boat Tony.
I just don't understand why they didn't just use the actual Mustang instead of "Mustang elements." If I wanted an electric Mustang, I'd want an electric MUSTANG, not some midget Mustang-ish car.


Probably the same reason why Coca Cola went with "New Coke" even though it ended up a disaster and they had to save face by inventing "Coke Classic."

Caleb 04-25-2022 04:07 AM

I contemplated buying an all electric vehicle as these gas prices keep climbing. One problem tho, I have no way to charge it conveniently (home or work). Blah


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FfNJGTFO 04-25-2022 05:59 AM

Quote:

Originally Posted by Caleb (Post 175313)
I contemplated buying an all electric vehicle as these gas prices keep climbing. One problem tho, I have no way to charge it conveniently (home or work). Blah


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Part of the reason why I'm considering Solar. I'm pretty sure I'll go with Solar, but I just have to review all the options and what it means in re: how much will go on my "reverse mortgage."

Caleb 04-25-2022 09:16 AM

I’m in a condo so, no charging ports or even solar availability.


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FfNJGTFO 04-25-2022 10:12 AM

Quote:

Originally Posted by Caleb (Post 175325)
I’m in a condo so, no charging ports or even solar availability.


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Does it have a garage or dedicated outdoor parking area? Would not the Condo assoc. offer to get some charging stations for that monthly assessment?!? Sometimes, I feel like I don't with my HOA.

Riverpigusmc 04-25-2022 01:46 PM

Do they keep ALL the homos in condos down there?

FfNJGTFO 04-25-2022 05:15 PM

And yet another roofing update.


I'm getting much closer to getting the $$$ I need to do my roof. I've spoken with the "appraiser" and will schedule with him in another week or so to do the appraisal for the reverse mortgage. But there's a problem.


The requirements of the appraisal are that I have to have all my doors open to all rooms, closets, etc. and that he gets to take pictures of them all. Unfortunately, that also means the one coat closet with the security lock on it that houses all my "inventory" and ammo. I don't want anyone to take picture of my inventory or ammo in that closet, so I'm wondering what to do. Should I hide the stuff as best I can elsewhere (which isn't that good because it's kinda hard to hide the long guns)... maybe underneath the beds or something. I guess the best I can do is turn the pistol boxes around to keep the serial # labels from being exposed. Maybe put a plastic bag temporarily around the ammo boxes, etc. This, unless I am up front with the appraiser and tell him what's in there in the hopes that he'll say, no sweat... I don't need to go in there. Maybe he will, maybe he won't. I don't know. What would you do?


Second issue is with Solar. It's starting to get quite expensive. I learned today that my Utility Co (Withlacoochee Electric) requires me to carry a $1Million liability policy if my array outputs more than 10.00KwH AC (of course it does... otherwise I won't be able to have the capacity to charge an electric car). This is to protect against transmission of current back to the grid when they have it down for repairs. What's the add-on to my insurance premium? A whopping $300.00, annually, which puts my annual homeowner's premium well over $2K for the year. I really have to wonder if it's worth actually doing Solar and going for the electric car at all... if it's all going to cost that much. But we'll see. i need to run some more numbers.



I'll keep you posted. I guess I won't be getting that "Thompson" for quite a while... :(

Caleb 04-27-2022 04:11 AM

Quote:

Originally Posted by FfNJGTFO (Post 175327)
Does it have a garage or dedicated outdoor parking area? Would not the Condo assoc. offer to get some charging stations for that monthly assessment?!? Sometimes, I feel like I don't with my HOA.


Work has parking garages but no plans on charging ports.

HOA said there is not enough demand to install charging stations in the parking lots of the condos. Plus, we will end up paying for them anyways.


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Caleb 04-27-2022 04:12 AM

Quote:

Originally Posted by Riverpigusmc (Post 175332)
Do they keep ALL the homos in condos down there?


Only the ones named “Mike”.


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sdmc530 04-27-2022 08:48 AM

speaking of the rustang, i see the Corevette now has more electric options too. SAD!!!

FfNJGTFO 04-27-2022 12:00 PM

Quote:

Originally Posted by sdmc530 (Post 175355)
speaking of the rustang, i see the Corevette now has more electric options too. SAD!!!


I thought I had seen a blurb where Chevy is talking about a "full blown" electric Corvette. I dunno.... I've seen the Tesla's 0-60 performance, but I don't know if they can ever match or beat the power/pick up performance of a vette in electric mode.

sdmc530 04-28-2022 06:51 AM

Quote:

Originally Posted by FfNJGTFO (Post 175359)
I thought I had seen a blurb where Chevy is talking about a "full blown" electric Corvette. I dunno.... I've seen the Tesla's 0-60 performance, but I don't know if they can ever match or beat the power/pick up performance of a vette in electric mode.

I will have to see if I can find the article, it was auto or car and driver deal.

What I remember was they were going to be two new versions of the vette, a hybrid and full electric. It said the full EV would be the fastest production EV in the world?

FfNJGTFO 04-29-2022 02:40 AM

Quote:

Originally Posted by sdmc530 (Post 175363)
I will have to see if I can find the article, it was auto or car and driver deal.

What I remember was they were going to be two new versions of the vette, a hybrid and full electric. It said the full EV would be the fastest production EV in the world?


I don't feel the need..... the need.... for speed!!! :D


I feel the need to be able to get in and out of the car without assistance (from it being so low). When they start to clone the full size SUVs (a la Toyota 4-Runner or Sequoia) as EVs, then I'll get more interested.

sdmc530 04-29-2022 05:45 AM

Quote:

Originally Posted by FfNJGTFO (Post 175366)
I don't feel the need..... the need.... for speed!!! :D


I feel the need to be able to get in and out of the car without assistance (from it being so low). When they start to clone the full size SUVs (a la Toyota 4-Runner or Sequoia) as EVs, then I'll get more interested.

RIGHT!! My wifes SUV and my POS truck are great. A work buddy has some fancy schmancy Hyundai, I need a jib crane to get out of the damn thing. I will never own a car ever again. Besides how in heck do you haul a harvested animal in a car?

BlackKnight 04-29-2022 05:50 AM

Quote:

Originally Posted by sdmc530 (Post 175367)
RIGHT!! My wifes SUV and my POS truck are great. A work buddy has some fancy schmancy Hyundai, I need a jib crane to get out of the damn thing. I will never own a car ever again. Besides how in heck do you haul a harvested animal in a car?

Ironic you say that. I'm 6'1, although slim. I bought my first pickup truck in '19 when I retired. Never going back to a car again. Feel like a sardine, claustrophobic, and like my a$$ is dragging on the ground.
Now, I am getting the itch to buy sports car for funsies, but it won't be my daily.

Riverpigusmc 04-29-2022 08:25 AM

Wanna enjoy gettin in a car? Crawl through the window of a late model where the frame sits 3 inches off the ground. Thise days are long gone

FfNJGTFO 04-30-2022 08:07 AM

Quote:

Originally Posted by sdmc530 (Post 175367)
RIGHT!! My wifes SUV and my POS truck are great. A work buddy has some fancy schmancy Hyundai, I need a jib crane to get out of the damn thing. I will never own a car ever again. Besides how in heck do you haul a harvested animal in a car?


The first car I ever bought was a Camaro/Berlinetta (which, sadly, I discovered later was a "chick car" - I needed to get the Z28 but I didn't see one with an "automatic" trans).


After that, I was SUV all the way. Love the ability to see over the top of some things, and being able to get in/out of it with relative ease, unlike some of these things I rent these days.

BlackKnight 04-30-2022 03:58 PM

Quote:

Originally Posted by Riverpigusmc (Post 175369)
Wanna enjoy gettin in a car? Crawl through the window of a late model where the frame sits 3 inches off the ground. Thise days are long gone


https://uploads.tapatalk-cdn.com/202...f1b4baa3b9.jpg


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Semper Paratus 04-30-2022 05:36 PM

Any picture of me getting into the General Lee or similar will have a wrecker or crane boom in it with me in a harness.

DrHenley 05-02-2022 08:12 PM

Quote:

Originally Posted by FfNJGTFO (Post 175359)
I thought I had seen a blurb where Chevy is talking about a "full blown" electric Corvette.

If they go the way Ford did with the electric Mustang, it'll look something like this: :D
https://imgs.search.brave.com/JSKnpR...w/OTM2X2wuanBn

FfNJGTFO 05-19-2022 10:54 PM

Update: And a not so good one. I hit a bit of a snag in terms of the Solar project. I was within 1-2 days of closing on the HECM loan. And then, the mortgage co. decided to call my Homeowner Insurance agent and demand they raise the "Dwelling" coverage to get a lot closer to the "appraised value" of the property.... not necessarily the "replacement cost" of the property, but the "appraised value." This would result in an increase in my annual premium of over $435.00 to $2159.00 a year. And this doesn't include the additional premium bump of $350.00 if I go with a Solar array that produces more than 10.00 KWH in DC.


Sadly, this made the Solar array, no longer affordable, and I have decided to cancel it and, cancel the HECM loan altogether. I'm left now with having to finance the roof only (and maybe the HVAC, but I can live without that). I'll work on that financing independently with the vendor. I'll get that done. I have to, before 03/2023 or my homeowner's policy will not be renewed. I'll get it done, even if I have to save all the cash and pay for it that way.



I knew that HECM thing was too good to be true. Maybe it was a good omen that I killed it. And what with interest rates going up (and this being an "adjustable rate" program) lately, it just wasn't worth the trouble.



I'll keep you posted. Hopefully, now, I can get back to building my 2nd AR.

FfNJGTFO 06-02-2022 11:10 PM

Another Update: I'm looking at a different option, now. There's a finance company called "Point." Apparently, what they do is almost like a Reverse Mortgage (they call it a HEI - Home Equity Investment). You get to borrow a certain amount, based on the appraised value of your property. You do not have to make monthly payments on the loan, but the loan is settled at the time you decide to sell the property or your executor sells it. The contract is for 30 years, unless you decide to re-negotiate it at that time (at which point, the property is re-appraised). You can also elect to buy out the contract sooner. Whenever you do decide to terminate the contract (either by selling the house, refinancing with HELOC, or paying cash), they re-appraise the property. They then take a certain percentage (20-30%) of that revised appraisal as "their share" of the equity (representing all the interest they would have charged for the loan if it were a regular mortgage), as well as the original principal they lent you. You then get the proceeds after closing.



Example: Say your property initially appraises at $300K. They adjust it down slightly by 15% (down to $261,000.00) to account for a potential decrease in the value (if it goes below that, you don't pay more of a share). This adjusted value determines what principal they'll offer you. You receive that amount. You don't make monthly payments on that amount.



When you get ready to sell the property (or buy out the contract), they re-appraise the property (say it's up to $350K). At the time of closing (or buyout), you pay the original principal back plus "their share" of the re-appraised value (about 20%). Therefore, if you borrow $30K, you'd pay them that plus 20% of $350,000.00 (about $70K + 30K (principal)) = $100K. You'd then get $250K at the time of closing. Of course, if the property decreases in value over that time, then "their share" is a lot less.


I'm still thinking it over. I really don't like putting the equity in my property at risk, but I gotta get my roof replaced, so.... Since I don't make payments during the life of the contract (there actually is no way to do that), what I *can* do is pay myself those payments into a savings account or something and have enough to pay off the principal + "their share" by the time I'm ready to buy them out (10yrs, I think). I can calculate that monthly payment before I sign the contract, It should be doable in 10 years, which is as long as I'd want it to be (I'd be in my 70's by then and not sure if Social Security will still be there).



Anyway, thoughts?



And I promise I'll start my 2nd build soon, after the new roof gets on.

FfNJGTFO 06-19-2022 03:51 PM

Well, in light of the potential to close off Lake City's production of 5.56 Green Tip, I just scored another 1000 rounds at .50/round. I did see it at .47 per round but those were out of stock.



I'll keep you posted on the Point Finance deal, but it does seem to be moving forward. We'll see. Cautiously optimistic.

Caleb 06-19-2022 04:47 PM

So if you pay it back (buy out) early, are there any fees?

$70k profit (your example) seems a bit excessive for a $30k loan. Have you tried a credit union?


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FfNJGTFO 06-19-2022 05:44 PM

Quote:

Originally Posted by Caleb (Post 175495)
So if you pay it back (buy out) early, are there any fees?


No, none for paying off early. Just the standard costs for the re-appraisal and other "buy-out" doc fees (very nominal).


Quote:

Originally Posted by Caleb (Post 175495)
$70k profit (your example) seems a bit excessive for a $30k loan. Have you tried a credit union?


I actually miscalculated that. The percentage is not based on the 2nd appraisal value, but on the delta between the two appraisals.



Example: Initial appraisal is $300,000 like before. They adjust it by 15% to cover their "depreciation margin." Thus, we start at $261,000.00.


The percentage of "their share" is based in part on the amount I draw, initially. I can draw a total of $59,000.00. I did bump it up from $30,000 to $40,000. As a result, the percentage is now 43.2% of the delta between the adjusted initial value ($261,000) in this case, and the resultant appraisal (at the time I buy them out). Say that's $315,000.00 Their "share" would then be ($315,000 - $261,000) * .432 = $23,328.00 + the principal I drew. If it depreciates below $261,000 in the time the contract is active, then I would owe less "principal" money. I don't even think that will happen because if they can project that, they would not accept the loan, initially.



At one point I was considering going up to $50,000.00 in principal, but they told me the percentage would be over 50% in that case. I told them to keep it at $40,000.00.



So, given the above numbers, and if I put away, say, $800.00 a month in a savings account for 8-10 years, I should be able to buy them out completely and get all my equity back. Even if their share comes to $60K to my $40K principal. That's $100K total. I should be able to cover that within 8-10 years.


We'll see. They might still deny me if they think it's not worth the investment. We'll see.

Caleb 06-20-2022 10:51 PM

Well good luck bro, hope it works out in your favor.


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FfNJGTFO 06-21-2022 10:16 AM

Quote:

Originally Posted by Caleb (Post 175515)
Well good luck bro, hope it works out in your favor.


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Much appreciated. I'm currently reviewing options in re: whatever these clowns in DC want to do in re: 2A and what I want to "early panic buy" before it turns into true "panic buying."



I just scored 1000 rounds of PMC M855, yesterday, combined with the amount of American Eagle I had previously. I'm thinking of beefing up my .45ACP a little. I'm comfortable with my 9mm inventory at present but I might want a little more JHP.



As far as the "gear" goes, I might be looking at a SIG-Sauer P322 (the .22LR) which has a 20 rnd mag I believe. Might be good for teaching my "youngins" initially (although my niece is a crack shot on my 1911 .45ACP). And, for that, I could probably use a little more .22LR, although I'm anticipating that won't be hard to find. M855 Green tip might be. I'm also looking at a SW M & P Shield Plus, just to compare it to my Shield 1.0. Finally, I may also stock up a bit on my .308 win for my PRS.



The big question for me is, do I want to invest at this point in any more AR Lowers and parts kits, in the event that the ATF decides to get "jiggy" with them. And, do they have enough mojo to make those kinds of restrictions? Not sure. I still have the one serialized lower for my 2nd build and all the parts for that. As soon as I get the roof and the HVAC done, I'll get back to that.

Caleb 06-21-2022 08:11 PM

Maybe get one or two more if you plan on continuing to build them up even if the “ban” goes into effect.


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FfNJGTFO 06-25-2022 07:04 PM

Quote:

Originally Posted by FfNJGTFO (Post 175491)
Well, in light of the potential to close off Lake City's production of 5.56 Green Tip, I just scored another 1000 rounds at .50/round. I did see it at .47 per round but those were out of stock.



I'll keep you posted on the Point Finance deal, but it does seem to be moving forward. We'll see. Cautiously optimistic.


Shipment arrived today in Good condition. I'm up 1000 rounds. :lama:

And the point deal is still moving along at this point. I got some good news from the appraiser. I just have to see how much they discount it.


Keep you posted.

Caleb 06-25-2022 10:59 PM

Building Confidence
 
Awesome news.


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FfNJGTFO 06-29-2022 09:54 AM

Quote:

Originally Posted by Caleb (Post 175518)
Maybe get one or two more if you plan on continuing to build them up even if the “ban” goes into effect.


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I might consider that. As is often said, "better to have them and not need them than to need them and not have them."

FfNJGTFO 07-08-2022 03:47 PM

Quote:

Originally Posted by FfNJGTFO (Post 175501)
No, none for paying off early. Just the standard costs for the re-appraisal and other "buy-out" doc fees (very nominal).





I actually miscalculated that. The percentage is not based on the 2nd appraisal value, but on the delta between the two appraisals.



Example: Initial appraisal is $300,000 like before. They adjust it by 15% to cover their "depreciation margin." Thus, we start at $261,000.00.


The percentage of "their share" is based in part on the amount I draw, initially. I can draw a total of $59,000.00. I did bump it up from $30,000 to $40,000. As a result, the percentage is now 43.2% of the delta between the adjusted initial value ($261,000) in this case, and the resultant appraisal (at the time I buy them out). Say that's $315,000.00 Their "share" would then be ($315,000 - $261,000) * .432 = $23,328.00 + the principal I drew. If it depreciates below $261,000 in the time the contract is active, then I would owe less "principal" money. I don't even think that will happen because if they can project that, they would not accept the loan, initially.



At one point I was considering going up to $50,000.00 in principal, but they told me the percentage would be over 50% in that case. I told them to keep it at $40,000.00.



So, given the above numbers, and if I put away, say, $800.00 a month in a savings account for 8-10 years, I should be able to buy them out completely and get all my equity back. Even if their share comes to $60K to my $40K principal. That's $100K total. I should be able to cover that within 8-10 years.


We'll see. They might still deny me if they think it's not worth the investment. We'll see.


Update: It looks like the Point Financing deal will proceed. The closing has been scheduled for later this month, and I should have the funds by 08/02 or thereabouts. I can get my roof done, my HVAC redone and some other things. Maybe a little room for some more "inventory" and ammo. They gave me a break on their share % as well only 34.2% to take out $45K.





Thanks all! Keep ya posted!

Caleb 07-10-2022 09:53 AM

Hope it all works out for you bud.


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FfNJGTFO 07-27-2022 08:52 AM

Quote:

Originally Posted by Caleb (Post 175569)
Hope it all works out for you bud.


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Well, wish me more luck, then. Today is "closing" day on the HEI. The mobile Notary arrives at 10a, this morning. After which there is a 3 day rescission period. After that, the funds are supposed to arrive in my checking acct via wire transfer.



We'll see.

Caleb 07-29-2022 08:13 PM

Quote:

Originally Posted by FfNJGTFO (Post 175615)
Well, wish me more luck, then. Today is "closing" day on the HEI. The mobile Notary arrives at 10a, this morning. After which there is a 3 day rescission period. After that, the funds are supposed to arrive in my checking acct via wire transfer.



We'll see.


No luck but, I can send knee mail.


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