It's pretty wild that the interest rate is such an important part of the job, but they are completely ignorant on how it's set and by who sets it
Yea it's wild. Guys making $300-500k slinging loans and have no idea what influences the most important thing in their line of work. Truthfully these guys are just Trump guys and would completely spin it the other way if rates were high under Trump and low under Biden. But we talked back during 2020 and they were like "Rates will go up if Biden wins" and I was all "Rates are going up regardless who wins, you get that right?" and they ignored it and now claim they were right. It's maddening.
We're owned privately and we have a great owner that prefers to share the money the company generates as opposed to hoarding it all for himself. He does quite well but could be way more wealthy. The same role at BoA or Chase pays half or less. If he ever sells, woo boy that'd be a bad day.
- Companies should pay their employees more! - Wait not that much!!! I mean wtf lol. It's a private company and the owner is generous instead of paying the minimum. Isn't that what we want? Would we prefer he pay the minimum and him make all the money?
Look as a software engineer I make 5-10x as much money as lots of poorly paid employees that work in the service sector or blue collar jobs like construction and work 100x less hard than they do. We're rewarded for the ability to work in a specialized field and have a college degree. My brother is a railroad engineer with over 20 years on the job and should be paid several times more for the amount of shit he has to deal with.
Oh I agree with that entirely. My yard guys should make more than me. The entire system is fucked up, no argument there.
To not get into a debate over semantics, I'm pretty sure Sub-Zero is talking about a societal problem and how we value our worth is completely fucking backwards especially compared to other wealthy nations in Europe. Companies are free to do what they want, but I'd be an enormous piece of shit if I honestly thought I deserved much more than what my brother makes.
Something like that. But yes my comment was more on “slinging loans” for home ownership being that profitable in the first place. It was less about who kept the money.
I can't speak for anyone else but personally I don't think I deserve shit. I fell backasswards into this industry and found myself to be good at it.
Same, so much of my prosperity is a result of luck, some hard work, but primarily being born white and into a middle class family.
I don't disagree. I will add that our pay structure is very very very top heavy. The top 5-10% make waaaaaaaay more than say middle of the pack. It's not like every LO in the building is making that. Hell nobody did last year. But even say in 2021 when the top 5% were making $400k+, the middle tier was more like $125k-175k. And that was in the greatest year ever in this business. Last year the top was at $200k and the middle was at like $80k. It's just very top heavy.
I want to see interviews with the lucky people who bought into DJT stock at the open on the 26th at around $71/share. They're only down 30-40% now. For those who like to buy the dip, this is a doozy of dip.
Thought someone posted that they were so expensive that you would still lose money if the stock went to zero.
I think it just means the market and anyone who breathes thinks it's gonna get there. And honestly it will be incredible if it happens just before tubs can cash out
It went public through a SPAC so the initial valuation was a couple knuckleheads in Miami financed by an organization in Shanghai
Every time I hear Kennedy speak, I think about the Fantastic Four. I don’t think Marvel wants this type of marketing.
And the auditor of record issued a going concern opinion. These same morons who are buying into this fraud think Trump will fix the economy. Painfully stupid people.