MiriamHopkins's blog

The End of Schadenfreude: Post 101

In February 2017 I wrote:

I don't see much changing in 2017, unless Properties D through I borrow against their equities or houses are being sold.

Two properties have supposedly sold in February and March 2017. Property G, in Bothell, and Property E, in Seattle. Property E sold for $622000, well above the $350888 purchase price. Property G was bought for $350000 in November 2006 and sold in February 2017 for $348900.

So this is the end. F becomes E, H becomes F, positions from I down to L become G down to J.

Equity rank, $
H,D,A,B,E,C,I,F,G,J

Lowest: $142855.41; Highest: $437284.12

Equity sort %
A,B,D,C,E,H,F,G,I,J
Lowest: 33.70%; Highest: 84.81%;

Mortgage paid sort $
A,B,H,D,F,I,E,C,J,G

Lowest: $2422.00; Highest: $65401.40

Mortgage paid %
A,B,D,H,F,C,E,I,G,J

Lowest: 0.608%; Highest: 44.48%

Principal Paid $ sort:
B,A,H,E,D,G,I,F,J,C

Lowest: -$149873.01; Highest: $251185.31

Principal Paid % sort
B,A,H,E,D,G,C,I,F,J

Lowest: -62.97%; Highest: 63.05%

Milestones ceased. Mortgage milestones start at 1%, so only eight qualify.  Good night and may your god go with you.

 

February 2017

I don't see much changing in 2017, unless Properties D through I borrow against their equities or houses are being sold.

-
December chops a lot of inflated equity. Range now is $127000 to $420750.

Equity $ Sort

A,J,D,E,G,B,F,H,C,K,I,L

K and C have changed places. Positions A and J have $393.22 difference for equity.
Milestones: $425K Position L.

Equity % Sort:

A,B,D,E,C,F,G,J,H,I,K,L

Interestingly this mostly corresponds to the decreasing mortgage owing. G and F are very close. Five properties have over 50% equity, two of them greater than 70%!

Mortgage Paid $ sort

A,B,D,J,H,K,E,F,C,L,I,G

B scoots from second to eleventh (or vice versa), A from fourth (ninth) to first. Not much difference here. Position K has $20K mortgage paid, goodie for them.

Mortgage Percentage

A,B,D,J,E,H,C,F,K,I,G,L
No change.

Principal Paid $

B,A,J,F,D,E,I,K,L,G,H,C
No change.

Principal Paid %

B,A,J,F,D,E,I,C,G,K,H,L
No change.

December Schadenfreude 2016

Every listing has at least one milestone. Some have typically slid back in equity

Equity Cash

J,D,G,F,E,A,K,C,B,H,L,I

Properties F and E are within 70.28 of each other for equity. E jumped in front of F again. The $200001-$299999 range collects five properties, the largest collection. Range is $151128 to $422595.

Milestones: nine.

Equity Percentage

D,A,E,F,C,G,B,J,H,I,K,L

No change. I and K are very close together. Five properties have equity percentages in the 40%s, four of them overlap with the $200K+ equity.

Existing milestones: nine.

Mortgage Percentage

D,A,K,E,C,H,F,B,I,G,L

Milestone: Property A - 5%!

Mortgage Dollars

D,J,H,A,K,E,F,C,L,I,B,G

Four milestones outstanding: Properties C and F: 25000. Property L: $50000. Property K: $100K.

Principal Percentage

B,A,K,F,D,E,I,C,G,K,I,L

You know there's no change here. C and G are within .18% so that might actually change. No milestones. Paying 5% of the principal can be either $5600 or $28,000 and that's not achieved at an annual rate unless you have a 20-year mortgage or shorter, and you don't take a heap out (like 80%).

Principal Dollars

A,B,K,F,D,E,I,K,L,G,H,C

Congratulations to Property K for $100K principal paid milestone! And to Property G for $150K milestone! Property L has $130K principal paid, but that's remaining from last month.

November 2016 Schadenfreude

Equity Sort $
J,D,G,E,F,A,K,C,B,H,L,I

Yes, L got demoted to 2nd highest equity. A rocketed to 6, jumping over E and F. H did likewise to C and H. B and C are a few months away from changing places with each other for balance owing.

Milestones: J-150K;G-175K;F-200K;A-232K;B-300K;I-400K

Equity sort %
D,A,E,F,C,G,B,J,H,I,K,L
A-F bottom six;G-L upper six. A and D have changed places, C and G have dos-a-dos as well, J jumped from seventh highest to fifth. C,G and B are all 47.xx%. 

Milestones: B, F and G - 45%; K - 55%; I-70%

 

Mortgage Sort $:

D,J,H,A,K,E,F,C,L,I,B,G

$20K mortgage paid milestone for position E. No change otherwise.

Mortgage Paid %:

D,A,J,E,C,H,F,K,B,I,G,L

No milestones. Positions C and H are within 0.093%.

Principal Paid $:

A,B,J,F,D,E,F,I,K,L,G,H,C
Milestones: $130000 paid by Position L.

Principal % sort:

B,A,J,F,D,E,I,G,C,K,H,L
Milestones: none. Paying off 5% of principal for real estate properties sold at $107000 to $579000 is very slow. G and C are just outside .05% difference. No other pair is that close.

september schadenfreude song

Schadenfreude September Song

Equity Sort, $

J,D,G,A,E,F,B,H,K,C,I,L

a KCH sequence turns to HKC as C streaks into $300K+ territory. 

Equity % sort

A,D,E,B,F,J,G,C,H,I,K,L

A and D are close with 32.16% and 32.47%.Even closer are B and F with 43.84% and 43.97% respectively, and J leads both with 44.26%. 45% milestone for position G, 60% for position H but nothing F and B switch places.

Mortgage $ sort:

D,J,H,A,K,E,F,C,L,I,B,G

No change. Tight range between K and E, but will widen unless someone moves or refinances. Milestones: bakery & coffee for $5000 mtg for D, H. $25K milestone for F. 

Mortgage %

D,A,J,E,C,H,F,K,B,I,G,L J slid back some with a new HELOC. C and H are still close to each other with .149% of mortgages separating them at ranks sixth and seventh. No milestones. 

Principal Paid $ sort:

grim to see four properties with negative principal. These people are skating on their heavy equity.

A,B,J,F,D,E,F,I,K,L,G,H,C No change. Four negative. Four six-digit. Minimilestones $45K principal paid for D.

Principal % sort:

B,A,J,F,D,E,I,G,C,K,H,L

Milestones: none really. G and C are just outside .51% difference. No other pair is that close. 

 

August Schadenfreude

Equity Sort, $
J,D,G,A,E,F,B,K,C,H,I,L

Projecting Position L with $400K equity. No change since July.

 

Equity Sort %:
A,D,E,F,B,G,C,J,H,I,K,L
D and A switch places. Smallest equity is 31.45%, largest is 82.60%

 

Mortgage $ sort:
D,J,H,A,K,E,F,C,L,I,B,G
Position E stakes its claim to fifth largest mortgage paid! Mortgages vary from $4928.55 paid to $111051.59 paid.

Positions K and E very close, only $168 mortgage dividing them. New Milestone: Position B with $100K mortgage paid.

Mortgage % sort:
D,A,J,E,C,H,F,K,B,I,G,L
Correcting from June. F took out a home equity line of credit, assuming 40% borrowed against.

New Milestone:40% mortgage paid position L; Position K 35% mortgage paid;

Principal Paid $ sort:
grim to see four properties with negative principal. These people are skating on their heavy equity.
A,B,J,F,D,E,F,I,K,L,G,H,C
No big milestones yet. Little ones: coffee-bakery run thanks to Position C and G.

 

Principal % sort:
B,A,J,F,D,E,I,G,C,K,H,L

Unchanged. 60% principal Position L.

Schadenfreude July Delight

A little different this month: Position F adds a $65000 Home Equity Line of Credit! Positions J and K switch! New Position J takes out a $65000 line of credit! 

As there is 57,382.51 difference between fifth and seventh ranked property in the equity sort, I am predicting with low certainty that Position F will remain in sixth place for equity sort dollars. The equity sort for percent is less certain with Position C at 46.31% and Position J (was K) at 50.99%.

Positions are ranked in descending order of mortgage owed. Position A has $372918.54 (estimated) left to pay on the mortgage, and $166919.46 equity (estimated).

Position B:  4 bdr house, Seattle. Purchased 2002. $338160.64 (estimated) owing.

Position C: 2 bdr condo, Seattle. Purchased 2006. $333820.75 (estimated) owing.

Position D: 3 bdr house, Seattle, purchased 2006. $325571.50 owing (estimated).

Position E: 3 bdr condo, Seattle. $287335.15 owing (estimated). 

Position F: 3 bdr condo, Kirkland. Purchased 2002 (?). $240631.46 owing (estimated). Estimating 40% of HELOC used. 

Position G: 3 bdr house, Bothell. $205176.84 owing (estimated). Purchased 2006. First time in a decade valued above house sale price. Accelerated mortgage.

Position H: 4 bdr house, Shoreline, purchased 2010. $180907.62 owing (estimated).

Position I: 4 bdr house, Seattle. Purchased 2000. $168041.54 (estimated) owing.

Position J: 2 bdr condo, Seattle, purchased 1998. $115774.78 owing (estimated).

Position K: 4 bdr house, Mountlake Terrace, purchased 1999. $112806.32 owing (estimated).

Position L: 3 bdr house, Seattle, purchased 1999. $85475.82 owing (estimated).

Equity $ sort:
J,D,G,A,E,F,B,K,C,H,I,L
Milestones: $275K position C. $375K position I. $300K position H. Everyone has six-digit equity. Six have equity < $200,000. Five above $200K. Two above $300K. C and the K formerly known as J have switched positions; E has edged beyond A, following F.

 

Equity % sort:
D,A,E,B,F,G,C,J,H,I,K,L
Everyone has equity above 25%. Otherwise, no change.
Milestones: Position A has 30% equity; B 40%; K - 70%; C - 45%; E - 35%; G - 40%;

 

Mortgage $ sort:
F,D,J,H,A,E,K,C,L,I,B,G
New mortgage means starting at 0. F relinquishes sixth highest mortgage paid status for twelfth. No big milestones yet. Little milestone: $55K mortgage paid (3rd mortgage) for Position L.

 

Mortgage % sort:
F,D,A,J,E,C,H,K,B,I,G,L
no milestones here. Again F is lowest. Positions C and H are very close to each other.

The letters in red indicate positions who've borrowed more money than the amount their house originally sold for.
Principal $ sort:
A,B,J,F,D,E,I,K,L,G,H,C
No big milestones yet. C has paid $245000 in mortgage. Three minimilestones in the next two months, one big one to come.

Principal % sort:
B,A,J,F,D,E,I,G,C,K,H,L
No change, no milestones. Paying off 5% of the principal when the average property sale price is $296563 and the average principal monthly payment is $713.50 takes over twenty months for most properties, except those with accelerated mortgages.

 

June 2016 Schadenfreude

Equity $ sort:
K,D,G,E,A,F,B,C,J,H,I,L
Milestones: $225K position B; $250K position C and position J. Only $399.65 separates positions E and A for equity. Everyone has six-digit equity. Six have equity < $200,000. Four above $200K. Two above $300K.

Equity % sort:
D,A,E,B,G,C,F,K,H,I,J,L
Everyone has equity above 25%. Otherwise, no change.
Milestones: Position D has 25% equity; Position B has 40% equity. Position H 60%;

Mortgage $ sort:
D,K,H,A,E,J,F,C,L,I,B,G
A mere $380.63 separates Position E from J. No change otherwise. Milestones: Position I has paid $60,000 in mortgage!

Mortgage % sort:
D,A,K,E,C,H,F,J,B,I,G,L
Milestones: Position F has paid 10% of its mortgage.

Principal $ sort:
A,B,K,F,D,E,I,J,L,G,H,B
Position L has paid $125K principal.
Previously reported: Positions F and I have $20K and 80K paid respectively.

Principal % sort:
B,A,K,F,D,E,I,G,C,J,H,L
No change, no milestones.

Silent movie. Youtube movie. Downloaded movie. EFT. Qi Gong.

May Schadenfreude

Equity Sort
K,D,G,A,E,F,B,C,J,H,I,L

everyone has $100000+ equity. K and D, A and G have dos-i-doed, as the equity rises for all in the busy real estate months. D has the higher-valued property of the two, as does A.
Milestones: $125000 Position G. Position - L: $350K; Position D: $100K

Equity Sort %:
D,A,E,B,G,C,F,K,H,I,J,L
There is no change here.
Milestones: Position A - 25% equity; Position F - 45%; position L - 80%.

Mortgage $:
D,K,H,A,E,J,F,C,L, I, B, G.
No change. No milestones.

Mortgage Sort %:
D,A,K,E,C,H,F,B,J,I,G,L
B and J positions switched. K and E are very close, 0.103% separates them, and C and H are just outside 0.25% of each other.
No noticeable milestones

Principal paid $:
A,B,K,F,D,E,I,J,L,G,H,B
No change in positions.
No milestone either.

Principal paid %:
B,A,K,F,D,E,I,G,C,J,H,L
No milestones here. What a dull month.

can it be i've missed a month?

Sorry about that! Looks like we have to start over with April.
The big news is that Position E is now Position A, with a $350000 mortgage taken out February 25, 2016. So we reorder, do we not:
A  Four bedroom, purchased in 2000. This is their fourth refinance. They have a HELOC, I think.
B. Four bedroom, purchased in 2002. Seattle.
C. Two bedroom townhouse, purchased in 2006. Almost at the price they bought it ten years ago.
D. Three bedroom, purchased in 2006. Seattle.
E. Three bedroom townhouse, purchased in 2009. Seattle.
F. Three bedroom townhouse, purchased in 2002. Kirkland.
G  Three bedroom house, Bothell, 2006. Almost at the price they bought it ten years ago.
H. Three bedroom purchased 2009. Shoreline.
I  Four bedroom house purchased 2003. Seattle.
J. Four bedroom house purchased 1999. Mountlake Terrace.
K. Two bedroom condo purchased 1998.
L. Three bedroom house purchased 1999. Seattle.

Equity $: ascending order

D,K,A,G,E,F,B,C,J,H,I,L

Position A: $125,000 equity milestone - reward, Orca Card, Amazon gift, or bed clothes.
Position F: $175,000 equity milestone - reward, Orca Card, Amazon gift, or bed clothes.

Equity %: ascending order
D,A,E,B,G,C,F,K,H,I,J,L
Obviously some changes. No milestones.


Mortgage $:
D,K,H,A,E,J,F,C,L, I, B, G.
Position C: $25000 mortgage paid. Overnight Trip, perfume, spa.
Position L: $50000 mortgage paid. Stock and heloc and ira and college.
Three close pairings here, as eight mortgages have under $25000 paid. Number of refis from lowest mortgage to highest: 1,2,1,4,2,4,2,3. Mode is 2. Median: 2. Average: 2.375
Four properties have had four mortgages at least, and I am not counting HELOCs.

Mortgage Sort %:
D,A,K,E,C,H,F,J,E,B,I,G,L
Mortgage sorts rarely get changed. B, G and L have accelerated mortgages so they're expected to be at the end, or top.

Principal paid $:
A,B,K,F,D,E,I,J,L,G,H,B
Most of these are spaced $20,000 apart, so the changes happen only with sales or refinances.
Position G: $140000 principal paid; Position I - $80000; Position F - $20000.
Three haircuts.

Position L: $125000 principal paid. Milestone reward: scooter repair.

Principal paid %:
B,A,K,F,D,E,I,G,C,J,H,L
This is wide as well. Only notable for milestones. Position G had a milestone recently.
Next milestone is Likely to Be Position L with 60%.