Rodney Hood a blazer long term?

[kjironman1]

My uncle who owns a few houses in the Denver area said his mortgage company is giving him the option to postpone payment of April and May to the back end of his mortgage. So if his mortgage term ended in December of 2020 then he'd pay April and May of 2020 in January and February of 2021.

So that allows him to let his renters not pay for those months.

Did you just miss this part of the statement?

If they do get a break they will have to make it up eventually

You do understand that will also cost you interest? So if your loan comes to maturity in 2030 you will pay 10 years of interest on those two payments right?
Renters need to do everything they can to make rent.

 

[TorturedBlazerFan]

Did you read this thread from the beginning? If Hood was as good as McCollum we would be in even better shape also.

I was kind of down on him, to be clear as a person he’s always come across to me as a really good, guy. Just as a player I was scared off by how little of a role he had in Cleveland. Was so glad he was proving me wrong, he was becoming my favorite guy on the court not named Dame most nights, so really sucked seeing him go down.

So I think I was probably wrong about him, as a player though.

 

[Orion Bailey]

That's awesome. If we can get Ariza, Whiteside & Melo to come back cheap and come off the bench for 20-25 minutes a game, we could be legit!

Dame/Ant
CJ/Trent JR.
Hood/Ariza
Collins/Melo
Nurk/Whiteside


That's a legit ten man team if you ask me. IF they gel, we go into the playoffs the team to beat next season. F the Lakers....

 

[Scalma]

That's awesome. If we can get Ariza, Whiteside & Melo to come back cheap and come off the bench for 20-25 minutes a game, we could be legit!

Dame/Ant
CJ/Trent JR.
Hood/Ariza
Collins/Melo
Nurk/Whiteside


That's a legit ten man team if you ask me. IF they gel, we go into the playoffs the team to beat next season. F the Lakers....

I think one of Whiteside Melo comes back.

 

[SharpesTriumph]

Look i understand people are dealing with issues. But landlords are not getting breaks from paying their mortgages. If they do get a break they will have to make it up eventually. Opening up dialogue and still paying on time can happen.

We own commercial buildings and just refinanced 5 mortgages with no principle payments and lower interest for months. Other landlords can do that too.

I'm talking commercial landlords, not uncle frank who owns a rental for his modest retirement.

 

[BonesJones]

Did you read this thread from the beginning? If Hood was as good as McCollum we would be in even better shape also.

Well yeah, but if youre targetting role players (which is what Hood is) you usually dont want their weaknesses to be the same as your top players. Fit was a legitimate concern.

 

[kjironman1]

refinanced 5 mortgages with no principle payments

This is kicking the can down the road. Doesn't matter if it's uncle Frank or commercial buildings. Why on earth would you even consider paying interest only? You are running your business like the Government is. Lets revisit this in a year. I'm interested in getting an honest evaluation on how this all works out for you?

 

[SharpesTriumph]

This is kicking the can down the road. Doesn't matter if it's uncle Frank or commercial buildings. Why on earth would you even consider paying interest only? You are running your business like the Government is. Lets revisit this in a year. I'm interested in getting an honest evaluation on how this all works out for you?

Because revenue declined 50% from covid19, we are losing hundreds of thousands, laid off many people and need to hoard cash so we can make payroll for the upcoming months and keep the business functioning.

If revenue had stayed the same we wouldn't have to take all these actions. Ideally revenue comes back, it may even increase long term but we need to survive short term.

Refinancing to lower interest rate saves money. Delaying principle payments might be kicking can down the road but with unpredictability of economy, tenants, evictions its certainly worth it. It's only 4ish months of no principle payments then basically 15 year loan.

Waiting for our final PPP loan of millions to fund... this program is crazy as the government may forgive the entire loan if we meet certain criteria. Its basically free money that may really help our business. Not sure if I like it as an individual taxpayer.

 

[kjironman1]

Because revenue declined 50% from covid19, we are losing hundreds of thousands, laid off many people and need to hoard cash so we can make payroll for the upcoming months and keep the business functioning.

If revenue had stayed the same we wouldn't have to take all these actions. Ideally revenue comes back, it may even increase long term but we need to survive short term.

Refinancing to lower interest rate saves money. Delaying principle payments might be kicking can down the road but with unpredictability of economy, tenants, evictions its certainly worth it. It's only 4ish months of no principle payments then basically 15 year loan.

Waiting for our final PPP loan of millions to fund... this program is crazy as the government may forgive the entire loan if we meet certain criteria. Its basically free money that may really help our business. Not sure if I like it as an individual taxpayer.

Like i was saying. I would very much like to revisit this in a years time.

 

[Labinot41]

Hooooooodie <3

 

[TorturedBlazerFan]

We own commercial buildings and just refinanced 5 mortgages with no principle payments and lower interest for months. Other landlords can do that too.

I'm talking commercial landlords, not uncle frank who owns a rental for his modest retirement.

Business I know just got a couple million loan, they arent shut down have millions in the bank and if they meet criteria the loan is forgiven, I am not a fan of this...

 

[kjironman1]

Business I know just got a couple million loan, they arent shut down have millions in the bank and if they meet criteria the loan is forgiven, I am not a fan of this...

There are going to be a number of instances like this I'm sure. The thing is there are plenty of businesses that will need those loans to survive.

 

[SharpesTriumph]

Business I know just got a couple million loan, they arent shut down have millions in the bank and if they meet criteria the loan is forgiven, I am not a fan of this...

Agreed.

 

[SharpesTriumph]

There are going to be a number of instances like this I'm sure. The thing is there are plenty of businesses that will need those loans to survive.

I agree with allowing loans if needed as financing.

But why such generous terms for the loan to be forgiven so business owners can pocket the profits? Were not talking a couple thousand were talking millions.

I don't see why the government and thus taxpayers should be the ones subsiding this and owners can keep 100% of profits.

 

[TorturedBlazerFan]

Agreed.

I do legitimately feel bad for small businesses and companies who may be closing down by nothing they did wrong its a shame, but the way this has worked out just doesnt sit right with me, but I suppose thats politics. I hope the money can keep enough hard working people afloat that its all worth it.

 

[BonesJones]

I'm not sure this is the right thread for this conversation...?

 

[kjironman1]

I agree with allowing loans if needed as financing.

But why such generous terms for the loan to be forgiven so business owners can pocket the profits? Were not talking a couple thousand were talking millions.

I don't see why the government and thus taxpayers should be the ones subsiding this and owners can keep 100% of profits.

You will get no argument from me on that. Maybe some kind of sliding scale on business overall value and ability to pay the loans back?

What i think happens is this all gets very complex and the complexities themselves create havoc? Not going all "political" here and i will try not to take sides but this was a huge bailout passed extremely quickly with little to no oversight. There has got to be some kind of agency working on where this money is going and how much of it is going to whom?

We literally gave a $2.3 Trillion slush fund to this government to dole out as it sees fit. Then they fired the guy who was going to run the agency doing the checks and balances. Inspector general Glen Fine was fired April 7th and that leaves the entire oversight committee vulnerable.
This is not the OT section and it is a Rodney Hood thread. I will stop at that. I want Rodney back when the NBA and the Blazer are up and running.