CFP Tickets Secured Posbang!

Submitted by ska4punkkid on

I was just notified today that I was chosen to buy up to 4 College Football Playoff Championship Game tickets at face value. Spent $1,825 on 4 tickets and hoping to only sell 2 of them when our Wolverines make the Championship Game. 

If we don't make it, I'm sure these babies will sell for $1,000 each and make the agony of defeat a little less harsh. Make it rain!!

 

 

EDIT: Alright let's do a neg-bang then!

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julesh

October 12th, 2016 at 5:10 PM ^

You should start making plans to attend whichever playoff game is the late one. I will be leaving for the airport right as that game starts and unable to watch, or even follow along after the first half. So Michigan will definitely be in that game.

Joined: 11/28/2011

MGoPoints: 21974

FauxMo

October 12th, 2016 at 5:24 PM ^

Shit, you don't have 6 months salary in a reserve cash account like financial planners suggest? 

HAHAHAHAHA, I always laugh when I hear that one. I don't know a single person that DOES keep 6 months salary lying around in cash, even the richer folks I know....

Joined: 06/17/2010

MGoPoints: 137521

RakeFight

October 12th, 2016 at 5:25 PM ^

I don't know... they're out there.  When we were first trying to buy a house in ann arbor, we found one we loved, but our full price offer got rejected because some other buyer offered them $20K under asking in ALL CASH.  That's like half a million dollars in cash that they were able to put together within days.  WTF.

Joined: 02/21/2012

MGoPoints: 8507

The Legion

October 12th, 2016 at 5:45 PM ^

My parents had their neighbors house sold to an all cash buyer. Guy is some hot shot private equity investor type.....There are people that keep that kind of money in readily accessable accounts (Mutual Funds, Money Markets, etc, but not liquid accounts) and will buy investment properties and write off every little expense they can with their tax returns (depreciation, NOL, utilities, lawn care, even closing costs when they bought the house). This is coming from an underwriter here, see this all the time. I get the deductions and such, but when someone comes and buys a house cash for $1mil, or brings $500k to the closing table, it still is crazy to me.

Joined: 01/15/2015

MGoPoints: 517

ak47

October 12th, 2016 at 6:02 PM ^

A cash offer doesn't mean they have 500,000 in liquid assets it just means they can get that much money without haVing to use the house as collateral. Most times it just means it was someone who recently sold their own house but if you could theoritically also borrow against a 401k or other non liquid asset to make an all cash offer on a house.

Joined: 05/05/2011

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