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A friend sent this to me and I am LOVING this list….even if I am not a man or a New Yorker, it is a great list to work off of…

 

 

We’ve all seen and perhaps grown tired of guides and lists that are rife with tedious clichés and full of humdrum regurgitated meme wisdom.

For that very reason, @GSElevator — in collaboration with John Carney (@Carney) of CNBC.com — presents a fresh, and hopefully thoughtful, look at what it means to be a man today.

Stop talking about where you went to college.

Always carry cash. Keep some in your front pocket.

Rebel from business casual. Burn your khakis and wear a suit or jeans.

It’s okay to trade the possibility of your 80s and 90s for more guaranteed fun in your 20s and 30s.

The best public restrooms are in hotels: The St. Regis in New York, Claridge’s in London, The Fullerton in Singapore, to name a few.

Never stay out after midnight three nights in a row … unless something really good comes up on the third night.

You will regret your tattoos.

Never date an ex of your friend.

Join Twitter; become your own curator of information.

If riding the bus doesn’t incentivize you to improve your station in life, nothing will.

Time is too short to do your own laundry.

When the bartender asks, you should already know what you want to drink.

If you perspire, wear a damn undershirt.

You don’t have to like baseball, but you should understand the concept of what a pitcher’s ERA means. Approach life similarly.

When people don’t invite you to a party, you really shouldn’t go.
 And sometimes even when you are invited, you shouldn’t go.

People are tired of you being the funny, drunk guy.

When in doubt, always kiss the girl.

Tip more than you should.

You probably use your cell phone too often and at the wrong moments.

Buy expensive sunglasses. Superficial? Yes, but so are the women judging you. And it tells these women you appreciate nice things and are responsible enough not to lose them.

If you want a nice umbrella, bring a sh*tty one to church.

Do 50 push-ups, sit-ups, and dips before you shower each morning.

Eat brunch with friends at least every other weekend. Leave Rusty and Junior at home.

Be a regular at more than one bar.

Act like you’ve been there before. It doesn’t matter if it’s in the end zone at the Super Bowl or on a private plane.

A glass of wine or two with lunch will not ruin your day.

It’s better if old men cut your hair. Ask for Sammy at the Mandarin Oriental Barbershop in Hong Kong. He can share his experiences of the Japanese occupation, or just give you a copy of Playboy.

Learn how to fly-fish.

No selfies. Aspire to experience photo-worthy moments in the company of a beautiful woman.

Own a handcrafted shotgun. It’s a beautiful thing.

There’s always another level. Just be content knowing that you are still better off than most who have ever lived.

You can get away with a lot more if you’re the one buying the drinks.

Ask for a salad instead of fries.

Don’t split a check.

Pretty women who are unaccompanied want you to talk to them.

Cobblers will save your shoes. So will shoe trees.

When a bartender buys you a round, tip double.

The cliché is that having money is about not wasting time. But in reality, money is about facilitating spontaneity.

Be spontaneous.

Find a Times New Roman in the streets and a Wingdings in the sheets. She exists.

Piercings are liabilities in fights.

Do not use an electric razor.

Desserts are for women. Order one and pretend you don’t mind that she’s eating yours.

Buy a tuxedo before you are thirty. Stay that size.

One girlfriend at a time is probably enough.

#StopItWithTheHastags

Your ties should be rolled and placed in a sectioned tie drawer.

Throw parties. 
But have someone else clean up the next day.

You may only request one song from the DJ.

Measure yourself only against your previous self.

Take more pictures. With a camera.

Place-dropping is worse than name-dropping.

When you admire the work of artists or writers, tell them. 
And spend money to acquire their work.

Your clothes do not match. They go together.

Yes, of course you have to buy her dinner.

Staying angry is a waste of energy.

Revenge can be a good way of getting over anger.

If she expects the person you are 20% of the time, 100% of the time, then she doesn’t want you.

Always bring a bottle of something to the party.

Avoid that “last” whiskey. You’ve probably had enough.

Don’t use the word “closure” or ever expect it in real life. There may still be a mortally wounded Russian mobster roaming the woods of south Jersey, but we’ll never know.

If you are wittier than you are handsome, avoid loud clubs.

Drink outdoors.
 And during the day.
 And sometimes by yourself.

Date women outside your social set. You’ll be surprised.

If it’s got velvet ropes and lines, walk away unless you know someone.

You cannot have a love affair with whiskey because whiskey will never love you back.

Feigning unpretentiousness is worse than being pretentious. Cut it out with the vintage Polo and that ’83 Wagoneer in Nantucket.

The New Yorker is not high-brow. Neither is The Economist.

If you believe in evolution, you should know something about how it works.

No-one cares if you are offended, so stop it.

Never take an ex back. She tried to do better and is settling with you.

Eating out alone can be magnificent. Find a place where you can sit at the bar.

Read more. It allows you to borrow someone else’s brain, and will make you more interesting at a dinner party – provided that you don’t initiate conversation with, “So, who are you reading …”

Ignore the boos. They usually come from the cheap seats.

Hookers aren’t cool, and remember, the free ones are a lot more expensive.

Don’t ever say, “it is what it is.”

Start a wine collection for your kids when they are born. Add a few cases every year without telling them. It’ll make a phenomenal gift in twenty years.

Don’t gamble if losing $100 is going to piss you off.

Remember, “rules are for the obedience of fools and the guidance of wise men.”

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Original article by: Eselelevator

Compliments of: Martha Small | Austin Portfolio Real Estate | 512.587.0308

 

 

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Interest rates on mortgages for pricey homes have dropped below those on smaller mortgages, an event that lending executives say has never happened before.

Borrowing rates for so-called jumbo mortgages, which are too big for government backing, historically have been set higher than rates on what are known as conforming loans, which are backed by Fannie Mae, FNMA -3.70%Freddie MacFMCC -2.70% or government agencies.

But in the past two weeks, the relationship has flipped, a combination of interest-rate volatility, government policy and banks flush with cash that are enjoying lower funding costs, making jumbo mortgages an attractive investment for them.

The average 30-year fixed-rate conforming mortgage was at 4.73% last week, according the Mortgage Bankers Association, compared with 4.71% for the average jumbo 30-year fixed-rate mortgage.

Executives say the inversion in the so-called spread, or difference, between jumbo and conforming loans is unprecedented. “In my 30-year career, I’ve never seen nonconforming loans priced below conforming loans,” said Brad Blackwell, executive vice president of Wells FargoWFC -0.18% Home Mortgage, the nation’s largest mortgage company.

Jumbo mortgages are those that exceed the $417,000 limit for loans eligible for backing by mortgage companies Fannie Mae and Freddie Mac, though the limits rise to as high as $625,500 in more-expensive markets such as Los Angeles, New York and Washington.

Before the housing bubble burst six years ago, jumbo mortgages over the past two decades typically had rates at least 0.25 percentage point above conforming loans, but that widened sharply after 2007, reaching a peak of 1.8 percentage points in 2008, according to HSH.com, a financial publisher. The rate difference between the two stood at 0.5 percentage point as recently as last November.

For adjustable-rate mortgages, the disparity between jumbo and conforming loans is even starker. Rates on certain “hybrid” adjustable-rate jumbo mortgages that have a fixed rate for five or seven years are as low as 0.75 percentage point below conforming loans.

“I’ve had situations where I’ve told clients, ‘You don’t need to borrow within the [conforming] limit. I can get you a lower rate if you borrow a little more,’ ” said Rolan Shnayder, director of new-development lending at H.O.M.E. Mortgage Bankers in New York.

Conforming loans have become more expensive because federal officials, in a bid to reduce the outsize footprint of Fannie and Freddie, have raised the fees those companies charge to lenders, which translates into higher mortgage rates.

Meanwhile, interest-rate volatility has driven up yields on mortgage bonds issued by Fannie and Freddie as investors brace for a slowdown in the Federal Reserve’s bond-buying program, which has included those mortgage bonds. That has boosted rates on conforming loans.

Jumbo mortgages, meanwhile, are increasingly kept on banks’ balance sheets, which means prices aren’t usually set by bond markets. “Banks have more deposits than loans today, so the desire to put that money to work, as well as the fact that it’s at a very low cost, allows us to make [jumbo] loans at a very good interest rate,” said Mr. Blackwell.

Mark Cunningham, 39 years old, who works as a program manager for an aerospace company, received a fixed rate of around 4.6% for a 30-year jumbo mortgage in late July through Navy Federal Credit Union for a newly built four-bedroom home in Ashburn, Va. The loan required just a 10% down payment.

“We were very happy. We still haven’t seen anything that competes with what we’ve got,” said Mr. Cunningham.

Navy Federal, which said it is currently offering jumbo loans at the same rate as conforming loans, said jumbos account for around 3% of its mortgages.

Banks have long courted jumbo borrowers because they tend to have deeper pockets. Banks use their relationship with better-off clients to sell them other products, such as brokerage accounts and credit cards.

“These are superpremium borrowers. They represent great cross-sell opportunities,” said Keith Gumbinger, vice president of HSH.com.

But recent interest-rate turmoil is making it easier for large banks such as Wells Fargo & Co. and J.P. Morgan Chase & Co. to woo those borrowers. “We’re in a world where their cost of funds is still very, very low,” said Bob Walters, chief economist at Quicken Loans.

Lou Barnes, a mortgage banker in Boulder, Colo., was competing Tuesday to keep a client from going to Wells Fargo, which was offering a fixed rate of 4.625% on a 30-year mortgage with a $750,000 balance.

“Commercial banks are just desperate to book an asset that will pay something,” said Mr. Barnes. He had offered a rate of 4.75%, which was roughly the same as the conforming rate Tuesday.

When rates stood below 4.5%, banks weren’t as likely to bid aggressively for jumbo mortgages because they weren’t eager to hold those loans on their books, said Paul Miller, banking analyst with FBR Capital Markets.

But he says the current trend could hold as long as rates stay at current levels or rise even higher.

Mr. Blackwell, the Wells Fargo executive, said the current inversion between jumbo and conforming rates could last “for the foreseeable future” so long as banks’ cost of funds stays at its current level and loan demand doesn’t rise sharply.

Jumbo loans with the lowest rates are available only to a relatively exclusive slice of borrowers who have pristine credit, large down payments, lots of assets and low debt loads relative to their incomes.

Banks also are getting more comfortable because housing prices have been rising. “On a risk-adjusted basis, this is a decent return. The quality of loans being originated today is very high,” said Stew Larsen, who runs the mortgage banking division of Bank of the West.

Some $8.3 billion in jumbo mortgages were packaged into securities during the first half of 2013, more than in the previous three years combined but just a sliver of the $281 billion in jumbo securitizations in 2005, according to Inside Mortgage Finance.

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Orginal article by:

NICK TIMIRAOS

Compliments of: Martha Small | Austin Portfolio Real Estate | 512.587.0308

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pecan street picture

 

 

Originally crafted by the Old Pecan Street Association to help revitalize the downtown city streets and businesses, the Pecan Street Festival has been a contributing factor in the transformation and positive progression of 6th Street and its surroundings for over 30 years. As the largest arts and crafts festival in central Texas, the Festival generates an estimated 43 million dollars in economic impact annually and attracts over 200,000 attendees per show. As a non-profit charity organization, O.P.S.A. donates a large portion of Festival proceeds to the city of Austin and local non-profit organizations alike and is constantly striving to improve upon Austin’s fantastic image and way of life. It has been a long and fun road and we cannot be happier to be a part of this amazing community and city. – See more here

 

Compliments of: Martha Small | Austin Portfolio Real Estate | 512.587.0308

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2013TexasCollegeFootballSchedule-12013TexasCollegeFootballSchedule-3 2013TexasCollegeFootballSchedule-2

Go Frogs!

 

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