[Dec 15 2019] Foreclosure Saga - http://civilinquiry.jud.ct.gov/CaseDetail/PublicCaseDetail.aspx?DocketNo=FBTCV196091825S

[James Smith]

Since he thinks it's savvy to make only minimum payments, that initial debt is probably still following him around

He originally claimed to have used his huge YouTube income to pay off all of his old debt. Based on my more recent re-analysis of his tax liability I actually believe his debt could be low enough to support that claim.

 

[TurboSwine]

He originally claimed to have used his huge YouTube income to pay off all of his old debt. Based on my more recent re-analysis of his tax liability I actually believe his debt could be low enough to support that claim.

The dumbass paid off all his debt and then went back into debt moving across country at which point there YouTube well dried up.

 

[the khat quaffer]

even if they sell it for 60k$ and he has to pay 40k$ i dont think it would be a big problem for him. he most likely has a decent amount saved up. i would guess around 500k - 1000k $.

why not? he made hundred thousands / year during the youtube heydays

edit: most of you are underestimating philbert. yes, he is a lazy disgusting piece of shit, but he is a professional scamartist. part of his scam is to pretend to be broke with no money saved up.

why would he do that? that would be counterproductive and wouldn fit his "im broke" narrative.

Your avatar matches your posts and your intelligence levels perfectly.

 

[Apteryx Owenii]

22:40 and there it is, ladies and gentlemen.

'If I were to rent my CT kahndo out, I'd be losing money!'

This stupid fucking pig's logic that instead of earning $1000/month is a worse situation than earning $0/month, because of fees and shit that he has to pay regardless of whether he rents it out or not. I swear to fucking god, you can throw a rock out the window and hit someone smarter than DSP.

edit: couldn't seem to fix the dollar amounts for some reason

I can't be sure he's wrong about this point- in insolation. It's nice to think about making $1000 off rent but the practical side of it is not so easy, especially when you don't live nearby. Costs accrue quickly and sometimes unexpectedly. Some costs continue even if you are making no money because you have no tenant yet but have to keep it ready. Then you have the problem of tenants, themselves. Imagine if Phil rented to another Phil-type who decided he wasn't going to pay? Then you're still on the hook for various costs and are actively LOSING money as many states have eviction laws that take months to effectuate.

Renting is a good idea if you have enough assets to deal with the costs on a longer-term basis but for someone who is already living at the edge of their means, it can actively fuck them.

But I said I might agree with him in isolation because the context is that he absolutely has other options. A reasonable person making difficult but necessary decisions would realize that if they have two properties, one of which they can't sell, and they are financially sinking- the least bad option is to sell the "good" one and move back to the first. The amount of excuses laid out to exclude this obvious conclusion must be long.

 

[strandedcastaway]

I can't be sure he's wrong about this point- in insolation. It's nice to think about making $1000 off rent but the practical side of it is not so easy, especially when you don't live nearby. Costs accrue quickly and sometimes unexpectedly. Some costs continue even if you are making no money because you have no tenant yet but have to keep it ready. Then you have the problem of tenants, themselves. Imagine if Phil rented to another Phil-type who decided he wasn't going to pay? Then you're still on the hook for various costs and are actively LOSING money as many states have eviction laws that take months to effectuate.

Renting is a good idea if you have enough assets to deal with the costs on a longer-term basis but for someone who is already living at the edge of their means, it can actively fuck them.

But I said I might agree with him in isolation because the context is that he absolutely has other options. A reasonable person making difficult but necessary decisions would realize that if they have two properties, one of which they can't sell, and they are financially sinking- the least bad option is to sell the "good" one and move back to the first. The amount of excuses laid out to exclude this obvious conclusion must be long.

There's no way having an extra $1000 coming in per month for rent would be the wrong decision compared to letting the place sit vacant for years while paying the minimum on the mortgage and racking up interest. Even if it was $500/month for someone to fix things and administer the place from across the country, that's still $500/month profit.

As for the last sentence, it's really only one excuse---he doesn't want to. He wants to live in Washington and suckers will pay for it, so he does.

 

[actually]

I can't be sure he's wrong about this point- in insolation. It's nice to think about making $1000 off rent but the practical side of it is not so easy, especially when you don't live nearby. Costs accrue quickly and sometimes unexpectedly. Some costs continue even if you are making no money because you have no tenant yet but have to keep it ready. Then you have the problem of tenants, themselves. Imagine if Phil rented to another Phil-type who decided he wasn't going to pay? Then you're still on the hook for various costs and are actively LOSING money as many states have eviction laws that take months to effectuate.

Renting is a good idea if you have enough assets to deal with the costs on a longer-term basis but for someone who is already living at the edge of their means, it can actively fuck them.

This is why you get a property management company to handle all that shit for you. They take a small percentage (typically 10% or so, in my experience) of the rent paid and you get the rest. They handle day-to-day issues and often have repair contacts for basic stuff. Sure, if there's something catastrophic, Phil might be on the hook, but that would be true anyway.

 

[millais]

Many people have pointed out that he could have simply asked Ma and Pa Burnell to step in as the landlord/property manager for a far lower fee than a third-party company would charge. He admitted that his father was already responsible for regularly checking in on the vacant condo to see if any maintenance was necessary, so he was basically already the on-site landlord anyway.

 

[KingjadVCMP]

I've mentioned this sort of point previously but I think people are severely underestimating how important Phil's Washington residence is to him. When Leanna dumped his arse and people were saying Phil had to downsize his house thanks to being newly single, he made sure that he wouldn't have to do this by finding the very first woman who'd say yes to his advances.

The fact he was lying to everyone about flying her out regularly to woo her just to pretend to be struggling shows that he was desperately trying to not "lose" to the detractors by having to give up his big boy adult house.

I think now, with being married and having a cat substitute as a baby, he may be more willing to relocate as the "family" can substitute as being proof of being a big boy, with big boy pants on. He'll desperately still cling on to it though if he can, and I guarantee he'll pretend he wanted to move all along should his hand be forced.

 

[WeeblesWobble]

Many people have pointed out that he could have simply asked Ma and Pa Burnell to step in as the landlord/property manager for a far lower fee than a third-party company would charge. He admitted that his father was already responsible for regularly checking in on the vacant condo to see if any maintenance was necessary, so he was basically already the on-site landlord anyway.

He can't do that because, according to him, they are basically on their beathbeds. They are too old to do landlord things like make phone calls to get things repaired and cashing checks, and checking up on the apartment periodically.

 

[King Daddy Telomerase]

I've mentioned this sort of point previously but I think people are severely underestimating how important Phil's Washington residence is to him.

I'm not. I think Phil will do everything possible to keep the Renton condo, and the day he loses it, he's never streaming again. It would absolutely destroy his ego. There would be no point in online begging then, other than bare survival. He would lose all status as an adult, and would be on the same level as the dummies that throw quarters at him.

 

[Sparkletor]

I've mentioned this sort of point previously but I think people are severely underestimating how important Phil's Washington residence is to him. When Leanna dumped his arse and people were saying Phil had to downsize his house thanks to being newly single, he made sure that he wouldn't have to do this by finding the very first woman who'd say yes to his advances.

The fact he was lying to everyone about flying her out regularly to woo her just to pretend to be struggling shows that he was desperately trying to not "lose" to the detractors by having to give up his big boy adult house.

I think now, with being married and having a cat substitute as a baby, he may be more willing to relocate as the "family" can substitute as being proof of being a big boy, with big boy pants on. He'll desperately still cling on to it though if he can, and I guarantee he'll pretend he wanted to move all along should his hand be forced.

I think Phil sees the condo as more important than his family.

Remember when he had to save the house because if he didn't have the house he would lose Kat? "I just got this amazing new girlfriend and the truth of the matter is if I lose my house everything will fall apart!"

Concerning Jasper, "This house was specifically designed for cats!" or "I can't move, I have a cat! If I was to move, Jasper would be traumatized!"

In his world, the Wakondo is the glue that binds everything together. "If I moved to an apartment I couldn't do my job! There is no possible way I could stream from an apartment!" How did he come to this conclusion? He says he doesn't watch any other streamers or know what they do. I'm just going to guess that about 80% of all streamers broadcast out of their bedroom.

I believe the Wakondo is his most treasured possession. I can see him losing Kat. I can see him losing Jasper. He could lose his car. I bet he would lose every last thing before he gets rid of that condo.

 

[andr0id psycho sho(ker]

I'm not. I think Phil will do everything possible to keep the Renton condo, and the day he loses it, he's never streaming again. It would absolutely destroy his ego. There would be no point in online begging then, other than bare survival. He would lose all status as an adult, and would be on the same level as the dummies that throw quarters at him.

Picture it. Weelchairs surrounding Phil as they chant, "One of us. One of us. One of us. Gobble gobble."

 

[ZehnBoat]

I'm not. I think Phil will do everything possible to keep the Renton condo, and the day he loses it, he's never streaming again. It would absolutely destroy his ego. There would be no point in online begging then, other than bare survival. He would lose all status as an adult, and would be on the same level as the dummies that throw quarters at him.

nah, he'll go on and talk about how moving is PAHSITIVE and the condo was a horrible place and a lemon

 

[dsflfdsl23012]

Yeah, Phil's been financially irresponsible from the beginning. I happened on Knudsen's Down the Rabbit Hole vid about him the other evening and was amused to learn that when cranky young Phil launched his career as global gaming star, he did it by signing up for a bunch of credit cards and maxing them on his first tournament trip.

Since he thinks it's savvy to make only minimum payments, that initial debt is probably still following him around, a festering core at the center of all his dumbass interest-enhanced consumer debt.

Well that's cause your a dumb fuck moron who doesn't understand how to run a successful business. If Phil maxed out those credit cards, right, so let's say he spent like $5,000 for everything..why the FUCK would he try and pay it all back as quick as possible when he could just pay $20 a month and be fine? Who has 5k to just pull out of their ass? And in some cases it's actually seen, as like, bad to pay off your debt real quick. The debt collectors look at that and go, yikes. So you want to pay it off but take your time, see what I'm saying *takes a sip*.

Even with the youtube gravy train in full force back then Phil still had his basic bills and stuff to cover okay. Plus the man needs his rainy day fund to go do stuff when he gets bored. Stupid kids around here who don't understand how the real world works. Your lucky this is online and not real life otherwise I'd pimp slap the shit out of you.

 

[Adamska]

After the short sale, they can sue for what is called a deficiency judgment for the outstanding balance of the mortgage. They don't just automatically get it, though, and some states prohibit the practice. Connecticut is not one of those states, though, and they can pursue him. Once they get it, it is a judgment like any other. Unlike the original mortgage, it is not secured, although it can be used, after domesticating it in Washington state, to file a lien against his property there, which is a secured interest.

Or they can attempt to garnish other sources of income or assets he has, if they feel that's worth their trouble.

Pig does make about 100k a year, so it's not like they can't just eat like 5% of that or 10% until he's out of that hole.

Of course this ignore supercucks and mommy bailing him out.

Oh, and to actually explain it for the guy with Pig as his avatar: He used to show off his toys a lot because he was that type of cunt that loved showing off stuff to people that prove he was cool. He only seriously stopped doing it when he dimly realized that it does highlight Pig makes 100k a year and is still broke due to his refusal to budget.

He now only pathetically flexes over his TV dinners in the sad attempt to try and make his ex jealous.

 

[James Smith]

I don't think DSP originally stopped flexing on his toys to hide how much money he had. I think he originally stopped flexing on his toys because Leanna made him put them in a box in a closet because they embarrassed her.

Nowadays maybe, but not originally.

 

[Sparkletor]

I don't think DSP originally stopped flexing on his toys to hide how much money he had. I think he originally stopped flexing on his toys because Leanna made him put them in a box in a closet because they embarrassed her.

Nowadays maybe, but not originally.

Yeah, Leanna wouldn't let him decorate the Wakondo with that stuff and when she left he hung his pixel art up in the hallway.

 

[That Hedonist Nerd]

This is why you get a property management company to handle all that shit for you. They take a small percentage (typically 10% or so, in my experience) of the rent paid and you get the rest. They handle day-to-day issues and often have repair contacts for basic stuff. Sure, if there's something catastrophic, Phil might be on the hook, but that would be true anyway.

Not only do they take only a little off the top, mine guarantees renters that are only Grade A ones - people who won't fuck the place up or put the first and last months rent, move in then stop paying. They also don't get paid if there's no one in the house, so they are motivated to get renters in. I pay 12.5%, but they also handle all maintenance and the 2.5% is in an account exclusively for that purpose.

I literally just get a check from them every month. I don't know what's going on at the house and don't need to because someone is handling it all.

 

[BrokeACKMountain]

Not only do they take only a little off the top, mine guarantees renters that are only Grade A ones - people who won't fuck the place up or put the first and last months rent, move in then stop paying.

So essentially they'd work with Phil, but wouldn't take him on as a tenant. Imagine the shitstorm he'd kick up if the landlord phoned him to collect his rent instead of emailing him like he requested...

 

[tzgnilki]

i've been trying to think of reasons why dave won't mention his foreclosure because he has mentioned near everything else whether directly or indirectly by calling them bills or taxes

is it an ego thing? even though he mentioned on stream that he was going to stop paying his mortgage, it's weird for him to not mention it again, maybe he's afraid of the lender being sent a different excuse than the "i'm just gonna pocket that money" which he admitted to on stream, but then a few months later had a $1800 tips goal saying he was "behind"

does he think there's automatically a gag order on everything that happens in court? I wouldn't be surprised if he thinks this

maybe he's afraid someone would show up at the hearing and embarrass him, or the detractor might see kat has turned into a potato

do the courts not know dave works 6hrs a day and only has one day off a week

or does it not exist because it wasn't texted to him

we'll probably hear about it when shit ramps up with debt collectors taking his 2017 corolla