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Author Topic: [MILK] There were 12 eggs here what did you do with them? (Happy thread?!)  (Read 16262616 times)

MagmaMcFry

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Frumple

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Re: [wot m8?] avin a giggle m8? (Happy thread?!)
« Reply #126346 on: April 11, 2014, 08:49:22 pm »

I seriously wonder how much a debt sells for. 50% of the original?
Mm... depends on the debt, and how long it's been outstanding. Also who's selling and who's buying. Likelihood of repayment, immediate need of funds, stuff like that. Sometimes it's nearly the whole amount, sometimes it's half, sometime's barely anything, and everything in between. Just... depends.
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MaximumZero

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Re: [wot m8?] avin a giggle m8? (Happy thread?!)
« Reply #126347 on: April 11, 2014, 08:58:08 pm »

I'm typing with a sock on mhy lefgt hand and man is it making me fatfinger but it isn't that bad isn't that something.

Also it's disproved my hypothesis on how I touch type. Hmm.
Why...do you have a sock on your hand? Should I even ask?
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Frumple

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Re: [wot m8?] avin a giggle m8? (Happy thread?!)
« Reply #126348 on: April 11, 2014, 09:00:45 pm »

Let's assume it's either for warmth or as a sockpuppet for entertaining guests. Maybe some sort of art project. Other considerations are paths to madness and depravity.
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mastahcheese

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Re: [wot m8?] avin a giggle m8? (Happy thread?!)
« Reply #126349 on: April 11, 2014, 09:04:26 pm »

Maybe he tried to put both socks on his left foot, but he had to cancel the action from being too injured.

Obviously, this is the result.
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Putnam

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Re: [wot m8?] avin a giggle m8? (Happy thread?!)
« Reply #126350 on: April 11, 2014, 10:05:30 pm »

The answer is: I wanted to.

IronTomato

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Re: [wot m8?] avin a giggle m8? (Happy thread?!)
« Reply #126351 on: April 11, 2014, 10:09:55 pm »

The answer is: I wanted to.
Science.
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Sinlessmoon

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Re: [wot m8?] avin a giggle m8? (Happy thread?!)
« Reply #126352 on: April 11, 2014, 11:55:58 pm »

I got accepted into Guelph. Plus a 2k scholarship, though I am unsure if the scholarship is a sure thing or if I am merely given a chance for it. Woo~

I did my undergrad at U of G. *high five*
If you've heard any rumours about Guelph having the best on-campus food available, they are entirely true.

I'm considering going to Guelph's uni, then again I might just get my degree online via athabasca. :P

Mictlantecuhtli

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Re: [wot m8?] avin a giggle m8? (Happy thread?!)
« Reply #126353 on: April 12, 2014, 01:09:41 am »

I seriously wonder how much a debt sells for. 50% of the original?

Being into this stuff [and having asked the same question recently] I decided to look into this further. I figured the price paid for 'bad debt'* would be something in the 20-40% area and found:
Quote
The prices paid for debts that your lender has deemed uncollectable will vary. The fresher the debt is (timely payments only recently stopped coming in), the higher the price debt buyers pay. Freshly charged-off credit card debts (typically a minimum of six months of nonpayment) have been sold for 15 or more cents on the dollar in recent years. But the older debts — say a year or more since any payment was made — fetch lower prices. And debts that have already been sold once or twice, or that are a couple years old, are the types of debt you generally hear about going for pennies on the dollar (sometimes even less than a penny).

With that said, the resale of debts is highly controversial.
http://finance.yahoo.com/news/buy-own-debt-pennies-dollar-123056933.html

Turns out it's pretty varied:

Quote
One common practice is to offer to settle with debtors for 50% of the original principal. The debtors are tricked into thinking this is such a great deal, and even feel an extra obligation to pay because they think this is an act of generosity on the part of the debt collector. But if someone pays 50% of a debt’s face value when the investor purchased it for just 3%, the investor is still making a return on investment of 1,666%!
http://strikedebt.org/caq-worthless/

But I've also found cases where 'Goldman Sachs pays 60 cents in [sic] the dollar for the debt'.

So, consumer loans? They get dumped for ~25% typically, and if they're old or swap hands enough quickly reach pennies-on-the-dollar. Enterprise/bank loans something like ~40-50% if they're not totally toxic. And those which are get dumped so many times that they reach pennies-on-the-dollar status.. Makes me wonder if I should've gotten into the buying toxic debt business.

*Loans that are considered dead weight by the lender, too expensive to maintain/litigate over, etc
« Last Edit: April 12, 2014, 04:08:09 am by Mictlantecuhtli »
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EnigmaticHat

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Re: [wot m8?] avin a giggle m8? (Happy thread?!)
« Reply #126354 on: April 12, 2014, 03:14:44 am »

Don't piss Dyslexci off.  You wouldn't like him when he's pissed off.
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Yoink

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Re: [wot m8?] avin a giggle m8? (Happy thread?!)
« Reply #126355 on: April 12, 2014, 06:34:41 am »

Being forced to choose between two great gigs to go to tonight. :(
In the immortal words of taco advertisement girl: "Why not both?"
By the way, since it's a running joke, who wants some drunk Yoink photos?!
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Skyrunner

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Re: [wot m8?] avin a giggle m8? (Happy thread?!)
« Reply #126356 on: April 12, 2014, 07:06:01 am »

Lychees and rambutans and mangosteens are all so tasty <3
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Re: [wot m8?] avin a giggle m8? (Happy thread?!)
« Reply #126357 on: April 12, 2014, 07:15:40 am »

Lychees and rambutans and mangosteens are all so tasty <3
But Durian not even once.

Tiruin

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Re: [wot m8?] avin a giggle m8? (Happy thread?!)
« Reply #126358 on: April 12, 2014, 07:19:04 am »

Durian...has a selective taste. :P
Despite its smell.
Lychees and rambutans and mangosteens are all so tasty <3
Sweet! ^ ^
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Reudh

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Re: [wot m8?] avin a giggle m8? (Happy thread?!)
« Reply #126359 on: April 12, 2014, 07:48:01 am »

Lychees and rambutans and mangosteens are all so tasty <3
But Durian not even once.

Rambutans are so weird, but so tasty.

We also sometimes have Jackfruit here - enormous weird spikey fruit that can reach up to 36kg in weight.
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