Butchy Dakkar
Dark Butch Yak didn't seem right.
- Oct 3, 2020
- 2,049
- 2,036
Why do we assume the man needs a mortgage?
If I had the $$$ I would just buy outright!
I mean, 1.5-2 million CAD is chump change right?
I hope he is moving into in my hood!
(I definitely have a mortgage)
it was a joke because of the swayman negotiationsIt was the only 1st they could give
Usually the best GIC, is around the best 5 year closed. Don’t usually see a GIC more than a mortgage. So a wash at best.If you've got say 5 mil lying around you can likely get some kind of GIC or whatever that gives you 5.5-6.2% these days. Maybe more. He can probably find a mortgage rate at 5 or even under 5. GIC pays the mortgage rate, plus a little extra on top.
Usually the best GIC, is around the best 5 year closed. Don’t usually see a GIC more than a mortgage. So a wash at best.
The overall point is you can get a better return investing the money than it costs to finance the house. Put it in mutual funds, you can easily beat the current cost to borrow, albeit with some degree of risk.Usually the best GIC, is around the best 5 year closed. Don’t usually see a GIC more than a mortgage. So a wash at best.
It is stupid that Staios didn't make the trade contingent on Ullmark locking in a favourable mortgage rate.
He took a big risk by giving up a 1st without Boston allowing Ullmark to negotiate with the Bank Of Canada.
You get the address and have someone pull title. It's that easy. It's a matter of public record that we know if the property is encumbered or not lol.I will find out today what street he bought on and see if it is a cash deal or mortgage involved lol!!
Correct, but not yet public if the deal has not closed yet officially.You get the address and have someone pull title. It's that easy. It's a matter of public record that we know if the property is encumbered or not lol.
I used to shoot up there all the time...Good to hear it was 3.4. I was worried he bought the place on Catherine street.
That explains why you're a bit weird.I used to shoot up there all the time...
If this team has another shitty, "leave the goalies out to dry", start to the season, he will sell it at a $500,000 loss.This high priced home purchase of our super star gaolie makes me feel good....this is a very expensive home and the thought of him keeping it for one year as an investment goes right out the door. There is no room to make money on this home, regardless of how the real estate climate changes. I would think there is something going to happen within the first few months of the season as an extension.
Infinitely better approach than the Matt Murray signing. I'm so optimistic this will work out well for all parties.
Yes, there are people (investment advisers) who have reasons to advise people with high incomes where to invest. Those advisers are not always worth the fees they deduct.I was offered a 5.7% GIC last week. Granted I haven't been shopping for mortgages but I'd imagine a guy with Ullmark's financial leverage could probably do better than that on a mortgage rate. Plus, he may just be putting things in a higher risk fund that could easily get him 7-8% interest (with risk of course).
The point is there are definitely reasons for people with his cash/income to not pay cash and take on a mortgage.
I would want to sign him rather than dilly dally about. Get on with it Steve!
He spent almost double that haha. But its a stones throw away from a great elementary school, hopefully his family likes it and it encourages him to sign and he is a good fit of course.Why do we assume the man needs a mortgage?
If I had the $$$ I would just buy outright!
I mean, 1.5-2 million CAD is chump change right?
I hope he is moving into in my hood!
(I definitely have a mortgage)
Probably, but given the massive goaltending blunders the sens have recently had its probably a good idea for management to see if its a fit before giving them the keys to the city like Dorion did with Murray and Korpisalo.Everyone knows this means Ullmark wants to wait, which is absolutely fair. Has a young family and has no ties to the organization.
Sounds better if it's a mutual decision, but everyone knows Staios would be thrilled if he could extend Ullmark now.
Its a crazy concept to have a competent GM eh. Such a weird feeling.Infinitely better approach than the Matt Murray signing. I'm so optimistic this will work out well for all parties.