Your Day

Chula Vista · 09-17-2018, 04:20 PM

Quote:

Originally Posted by Frownland

Important distinction. You could buy your daughter's whole house for her if you wanted.

Oh, understood. They want everything to be in their names for tax purposes.

windsock · 09-17-2018, 04:26 PM

Man do I feel warm inside after eyeing that cash.

DwnWthVwls · 09-17-2018, 04:27 PM

Quote:

Originally Posted by Chula Vista

$45K in cash. 450 twenties, 310 hundreds, and 100 fifties. I feel like I'm living a tiny scale episode of Ozark.

Did you get permission or does that wad have its selfies all over facebook?

**Frownland** · 09-17-2018, 04:29 PM

A lot of that money doesn't look over 18 years old either. Be considerate of others ffs.

Chula Vista · 09-17-2018, 04:30 PM

Quote:

Originally Posted by Mindfulness

bet that'd buy a lot of mac n cheese

Quote:

Originally Posted by Kiiii

My first thought as well

Amazon is selling a 5 pack of the original Kraft stuff for $4.50.

That's 50,000 boxes of the ****. A box for breakfast, lunch, and dinner for almost 46 years straight.

Side note: One guy's weird is another guy's

**Frownland** · 09-17-2018, 04:32 PM

Quote:

Originally Posted by Chula Vista

Amazon is selling a 5 pack of the original Kraft stuff for $4.50.

That's 50,000 boxes of the ****. That's a box for breakfast, lunch, and dinner for almost 46 years straight.

Side note: One guy's weird is another guy's

Doesn't have to be kraft. They make pretty fancy mac n cheese these days.

OccultHawk · 09-17-2018, 04:33 PM

Quote:

Originally Posted by Chula Vista

Yup. RV's depreciate more than cars once you drive them off the lot. Think of it this way. If Linda and I had never split up we'd have not sold the house - and not each pocketed a ton of profit from the sale. Profit that allowed me to buy the RV with cash I never expected to have in the first place.

As of today we're back together, getting along better than we had in over a decade, and even after all of the expenses from the split, each still have a ton of money in savings. Massive net gain for both of us.

Which goes to the $45K. Sherri and Scott are in escrow on their first home. They put a ton of money down from their savings. They wanted to put another $100K down but the rest of their savings are pure cash and not in an FDIC bank. So we came up with a plan.

Federal law allows you to gift a maximum of $15K a year to family members. So Linda and I each gave Sherri, Scott, and the new grandkid the max for a total of $90K as a gift towards their home purchase. This will save them about $600 a month on their mortgage payments.

We each get paid back in cash which we can't deposit until after they close escrow, and in increments of no more than $10K on any given day. More than that and the banks are obligated to report it to the IRS.

TLDR;

$45K in cash. 450 twenties, 310 hundreds, and 100 fifties. I feel like I'm living a tiny scale episode of Ozark.

That would be hilarious if someone saw that and was able to track it down and steal it.

OccultHawk · 09-17-2018, 04:35 PM

Quote:

They wanted to put another $100K down but the rest of their savings are pure cash and not in an FDIC bank.

Why can’t they deposit it and write a check?

Aux-In · 09-17-2018, 04:36 PM

No way my parents would give me $45K, even if they were to get it all back.

**Frownland** · 09-17-2018, 04:36 PM

Good post/avvy combo

Quote:

Originally Posted by OccultHawk

Why can’t they deposit it and write a check?

Thanks to the patriot act, it needs a clear paper trail which takes a crazy amount of extra work for cash.

What Are Seasoned Funds for Your Down Payment?

09-17-2018, 04:29 PM	#55674 (permalink)
Frownland SOPHIE FOREVER Join Date: Aug 2011 Location: East of the Southern North American West Posts: 35,548	A lot of that money doesn't look over 18 years old either. Be considerate of others ffs. __________________ Studies show that when a given norm is changed in the face of the unchanging, the remaining contradictions will parallel the truth. d e a f b o x

09-17-2018, 04:36 PM	#55679 (permalink)
Aux-In Wrinkled Magazine Join Date: Jan 2015 Location: In Time Posts: 467	No way my parents would give me $45K, even if they were to get it all back. __________________ Reviews l YouTube Playlist: Another Dimension "All over a bowl of bitter beans."