🍔 Quarterpounder Jeremy Hambly / The Quartering / MTGHeadquarters / Unsleeved Media / Midwestly - Alcoholic, Addict, Cry-bully, FLAGGOT, Man-baby, Grifter, Cancel Pig, cucked by (((Adam Sellers))), pisses in basement, shits pants in public, lecherous, banned Ren-Faire miscreant, scammer, sex pest

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No equity is accumulated in the first 5 years of a mortgage due to the amortization process. Typically you would have at least 20% equity, immediately, because of the 20% down payment. For a $1.7 million loan, that's $340K, which I would assume he got by selling his previous home. He, most likely, purchased the land outright, first, and then used the land value as collateral for the construction loan.

So he would have had $300k-$350K in equity, which is why he was able to receive a $300k HELOC, but by taking out the HELOC he now has no significant equity in the property at all.
Not to mention real estate agents don't work for free. At 6% we're looking at $120K to the REA.

Jer has to sell the property for AT LEAST $2Million. Anything less than that means foreclosure and bankruptcy. Forget about making enough profit to buy another house outright, he'll be lucky to have enough for a 20% down payment on another property. If he can see that he can not continue making his mortgage payments, his best course of action would be to liquidate everything he can, find a way to raise enough for a down payment on a cheaper house before foreclosure tanks his credit score, and walk away from this property and make it the banks problem.
 
HE'S UNARMED
HE HAS NO MEANS TO DEFEND HIMSELF
HE SOLD HIS FIREARMS TO PAY HIS SECOND MORTGAGE
FORECLOSURE DAY IS HERE
WOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOHA
BUDDYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY
 
Mean Reds powiedział(a):
No equity is accumulated in the first 5 years of a mortgage due to the amortization process
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This statement is not necessarily true.

First of all, you DO pay toward the principal, just not very much in that time. For example, in my first 5 years I might make $150k in payments and lower the balance of the loan by $30k. Yes, I get fucked by the bank, but that’s $30k in equity.

Additionally, if the value of the home increases (most do), I get some of that when I sell (minus closing costs, commission, etc).

So if my home appreciates in value by $200k and I’ve made $30k in principal reduction then I have at least $230k in equity.

So if I bought a home for $550k, took a $530k mortgage, paid down $30k, and then sold the home for $750k, I still walk away with $250k before closing costs. If I had no equity, I’d be walking away with nothing.

If Jer was able to take a HELOC, then he had equity on the home to leverage against. If you have no such equity, there’s nothing for the bank to lend against. The mortgage is on the PARCEL, which is the entire land and everything on it.

My suggestion for Jer would be to cut some of his land off and sell it for someone else to develop on, and then use that to pay down debt (or hold of whoever holds is debt).
 
returnofthemacandcheese powiedział(a):
we've sat here and watched him waste every penny for a year while his income cratered. Then we've seen countless streams of him bragging about how smart he was for not paying his mortgage and instead "investing" the money into garbage that is not actually an investment. It's a lot harder to believe he isn't going broke even if he never opened his mouth. I mean we probably saw him blow at least half a million dollars on garbage just in the past year. He's told us he has nothing saved for retirement, he's told us he would be okay as long as his channel only declined 5-10% a year for the next 5 years right before it fell off 80%, every embarrassing detail he's leaked on live stream over the past year has foreshadowed this.
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What I find the most hilarious about this retarded situation is that he never needed to share any of this info, ever, to anyone. Even knowing that he's a lolcow who is covered by the likes of Kino Casino and stalked by A logs on here he's still so fucking stupid he just blabs and blabs all day long about his personal life, humiliating himself over and over.

Why? Because he doesn't actually even have a show, he wants to live the life of an entertainer or commentator but he's so utterly talentless that despite doing this FOR YEARS NOW he never actually developed a real show. The show is his whole life but there is no show, countless thousands of dollars spent on cohosts, sets etc and the entire thing is him pulling up an X/twitter post and then rambling about stupid shit and what's going on in his fucking boring ass life for an hour. I can't imagine the humiliation of being so inept, so talentless and worthless

Years of doing livestreams and countless money wasted and this mfer never figured out what to do other than ask "how was your weekend?" every single day between ums and uhs
 
Ostatnio edytowane:
Listening to last night's KC, and Jer still manages to surprise me with what sort of Ls and confessions he will post. I would have guessed that he used the RC track at least a few times surely, but he admitted he never used it a single time. You can just vividly imagine him going outside to let his dogs run around, and each time he sees the RC track he feels a sting of shame.

It was only three months ago I signed up (over 1k pages ago), and my second post on the farms was referencing what the RC track means to him — how as a extravagant project it would lead him to this sort of Citizen Kane type moment where he capitulates in realizing it was all for nothing and a waste.

Jer with the sort of things you cop to, you really might as well admit the haters have been right about everything and post a video of you bulldozing the RC track. We have everything but the visual spectacle of a Charles Foster Kane crash out. Just put up a big banner to have in the background that says "Rosebud" or something equivalent to it while the BULLdozer does its job. I mean if you're going to dance for us anyways in stereotypical lulcow fashion...
 
Ostatnio edytowane:
wierfrost87 powiedział(a):
My suggestion for Jer would be to cut some of his land off and sell it for someone else to develop on, and then use that to pay down debt (or hold of whoever holds is debt).
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I may have a suggestion.

Screenshot_20260620_150553_Chrome.jpg
 
Rape Fruit powiedział(a):
Years of doing livestreams and countless money wasted and this mfer never figured out what to do other than ask "how was your weekend?" every single day between ums and uhs
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All he'd have to do in order to develop some kind of competitive edge would be to actually do some research for once. Pick a thing that comes up in the news all the time, like guns or climate change or economics or race or religion, and actually go deep on it. Read a book on the topic every week or two for a while. Shouldn't be hard for a guy who works from home and can set his own schedule. Sooner or later he'd become something of an expert on that thing and could actually deliver takes that might be of interest to someone.

But no. He just surfs headlines. He has never developed any knowledge about anything. Any random person from A&N could do his job equally or better.
 
deleuzeon powiedział(a):
All he'd have to do in order to develop some kind of competitive edge would be to actually do some research for once. Pick a thing that comes up in the news all the time, like guns or climate change or economics or race or religion, and actually go deep on it. Read a book on the topic every week or two for a while. Shouldn't be hard for a guy who works from home and can set his own schedule. Sooner or later he'd become something of an expert on that thing and could actually deliver takes that might be of interest to someone.

But no. He just surfs headlines. He has never developed any knowledge about anything. Any random person from A&N could do his job equally or better.
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This is his issue with everything it seems. I mean he admits he hasn't read a book cover to end since high school or something. It's all about the money, it's all about the grift, and despite making this his entire life's work he couldn't be bothered to even TRY to pretend it was ever about anything else. An intelligent grifter would at least TRY to fake sincerity and become knowledgeable on these topics to at least fake a principled stance that he would get the most traction from. But not Jeremy, all he can muster up is the energy to endlessly scroll X all fucking day. I've never seen someone put so much energy and effort into something but at the same time put no effort at all, it's truly fucking baffling, YEARS spent on this with zero growth or advancement.

I don't even know how to describe it, it's like the process of setting up the show IS the show for him. I noticed this with the Amfest stuff, he spent way more time talking about doing it on stream and what the plans were and the logistics of it then doing any actual work when he was there. All of the interviews he barely said fucking anything, barely contributed at all and you could tell every guest was just looking around and realizing they were gonna get nothing to bounce off of and then pitching their normal sell. Jeremy would only occasionally contribute with a joke at Luke's expense or mispronouncing something like "gays for groomers" and fidgeting around in his seat. Truly fucking baffling
 
deleuzeon powiedział(a):
All he'd have to do in order to develop some kind of competitive edge would be to actually do some research for once. Pick a thing that comes up in the news all the time, like guns or climate change or economics or race or religion, and actually go deep on it. Read a book on the topic every week or two for a while. Shouldn't be hard for a guy who works from home and can set his own schedule. Sooner or later he'd become something of an expert on that thing and could actually deliver takes that might be of interest to someone.

But no. He just surfs headlines. He has never developed any knowledge about anything. Any random person from A&N could do his job equally or better.
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He'd have to actually have an interest in developing his career, much less any of those topics, to do that though. It's why the particular niche he's attempting to entrench himself in is particularly hilarious. I don't think there's anyone less suitable to discuss the RAHOWA than Jer, and I can't wait to watch him dig himself deeper into that hole.
 
QwahlityKahntent powiedział(a):
you're giving her too much credit. she's really stupid and actually believes they're friends. she actually believes his christian grift too.
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Straightest Hyrox Athlete powiedział(a):
I think it's a combination. She is extremely dumb and has about the maturity level of a somewhat ditzy 18 year old, but it's also way easier to believe the best about people when it's in your advantage to do so. I bet she really does believe she's witnessing to Jer or whatever, but the easy money is doing a lot to ease things along. Same with Juan, I think she really has convinced herself that he's her Mr. Perfect, but she was also heavily incentivized to do so in order to avoid being single at 40.
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Melonie, like so many millennial woman, and especially those that have been content creators/influencers most of their adult life, has never really been forced to have to grow up. She has been able to coast on her (slightly above average) looks to get her the next gig and so never developed a bullshit detector or a personality. Now she is position to see and know everything that will happen as a result of her piss poor decisions but doesn’t have the experience to know how to properly adjust. You can see it in everything she has done from sticking with Jer through this false flagging fallout to marrying the super faggot serial cheating Juanny Juicers. Melonie deserves everything coming her way, and she still has her second divorce to look forward to. Jer’s downfall will be much more massive, but for me, I personally will enjoy Melonie’s, and Johnny’s, much more.
 
wierfrost87 powiedział(a):
If Jer was able to take a HELOC, then he had equity on the home to leverage against. If you have no such equity, there’s nothing for the bank to lend against. The mortgage is on the PARCEL, which is the entire land and everything on it.
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The equity he had on the home to leverage against was his down payment. I was simply explaining the way construction loans in rural areas are typically done...you buy the land first and use the value of the land as a down payment. A $1.7 million loan would require a $340K (or land value equivalent) down payment. Taking out a $300K HELOC is removing $300K in equity....and I doubt he had much more than that, $100-150K at best, maybe, which is barely enough to cover the real estate agent fee IF he were to sell the property for $2 million.

Bottom Line: He has to sell it at two million just to break even, when he started with a house with no mortgage. It was the HELOC that fucked him.
 
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