• 42 Posts
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Joined 8 months ago
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Cake day: November 19th, 2023

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  • It’s my second week drinking that Four Sisters Donut Shop Blend from Grocery Outlet, and… It’s okay…

    It’s not completely awful, and it’s definitely functionally caffeinated, but without a paper filter it’s bitter.

    With a filter, it does have a sweetness and fruity acidity that’s nice.

    As if it’s made as a filter coffee, which sounds weird, but I suppose it must be possible.

    Speaking of paper filters, I started using a mesh filter in my aeropress, and… The result tastes very similar to my French press…

    I got a pack of two mesh filters: One 250 microns, the other 200 microns, and the 200 micron filter doesn’t let any fines through at all.

    I am alternating days between the two, and I have to say the paper filter in the Aeropress makes a huge improvement in smoothness and taste.








  • Waitaminit…

    If a bank sells a mortgage, there obviously has to be a buyer.

    Any buyer who does their due diligence is going to see a mortgage on a commercial office property, and weigh the risks of the borrower defaulting on their mortgage, or the borrower not being able to refinance when the mortgage is due.

    So given the current environment for commercial offices, any reasonable buyer is going to offer to buy commercial office mortgages at a discount, maybe even at a significant discount, which likely means a financial loss for the bank anyway.

    So what’s the difference if the bank holds on to the mortgage, and if the borrower defaults, then seizing the building, i.e. the real asset, and auctioning it off for whatever it can get?

    Wouldn’t the loss on a mortgage default and asset seizure, likely the be about same as the loss as selling to a prospective buyer for the mortgage, a buyer who had properly calculated a discount for the risk into their purchase price?