WWE Champions General - Despite his claims, DSP is still spending thousands of dollars on the WWE Champions mobile game

[Schmeckel]

Just imagine how nice his and Kat’s marriage and life would be if he spent that 100k$ on something productive and supportive.

The amount of potatoes and hotdogs she's missing out on is astounding.

 

[Salubrious]

Just imagine how nice his and Kat’s marriage and life would be if he spent that 100k$ on something productive and supportive.

I know I've said this before, but for all of DSP's "pigroach luck", he has literally nothing to show for it. Even his WA condo has only about 10% off the starting principle, which is what happens 5-6 years into a 30 year mortgage. His car in the bankruptcy was still at the starting principle basically.

DSP is the perfect financial sucker; he will make only the minimums on everything until he dies. And now he doesn't even have (a second) bankruptcy to fall back on for nearly a decade.

 

[DZoomer]

I know I've said this before, but for all of DSP's "pigroach luck", he has literally nothing to show for it. Even his WA condo has only about 10% off the starting principle, which is what happens 5-6 years into a 30 year mortgage. His car in the bankruptcy was still at the starting principle basically.

DSP is the perfect financial sucker; he will make only the minimums on everything until he dies. And now he doesn't even have (a second) bankruptcy to fall back on for nearly a decade.

Is it certain that Phil's WAkhando has a 30 year mortgage? I ask because I find it hard to believe that this retard will still be paying for it when he's nearing his sixties. If it really still has to be paid for so long, then he's a bigger retard than I thought for not looking for a better alternative to streaming in the long run.

 

[Salubrious]

Is it certain that Phil's WAkhando has a 30 year mortgage? I ask because I find it hard to believe that this retard will still be paying for it when he's nearing his sixties. If it really still has to be paid for so long, then he's a bigger retard than I thought for not looking for a better alternative to streaming in the long run.

In his bankruptcy filings, at some point he put the amount he paid for it and the amount he still owed. It was consistent with paying the minimums on a 30-year mortgage.

He still owed like $280K of the $300K initial balance or something.

I'm too lazy to look through those docs, so I'll let someone else do it.

 

[Sparkletor 2.0]

Is it certain that Phil's WAkhando has a 30 year mortgage? I ask because I find it hard to believe that this retard will still be paying for it when he's nearing his sixties. If it really still has to be paid for so long, then he's a bigger retard than I thought for not looking for a better alternative to streaming in the long run.

He paid $130 000 for a one room condo in a ghetto of Connecticut. He could have rented an apartment for the same amount, dumped it when he found something better, and he wouldn't be in this bankruptcy and foreclosure mess.

He had no forethought when he bought the tiny overpriced Connecticut condo and he had no forethought when he bought the oversized Washington condo.

 

[UncleTusky]

Is it certain that Phil's WAkhando has a 30 year mortgage? I ask because I find it hard to believe that this retard will still be paying for it when he's nearing his sixties. If it really still has to be paid for so long, then he's a bigger retard than I thought for not looking for a better alternative to streaming in the long run.

In his bankruptcy filings, at some point he put the amount he paid for it and the amount he still owed. It was consistent with paying the minimums on a 30-year mortgage.

He still owed like $280K of the $300K initial balance or something.

I'm too lazy to look through those docs, so I'll let someone else do it.

The document is here.

Highlights:

* He moved there in 2014 and had 293 months (just under 24 and a half years) outstanding when he filed bankruptcy in early 2020 which lines up perfectly with a thirty year mortgage. A thirty year mortgage has lower monthly installments but a much higher overall cost compared to a 15 year mortgage so you can see why it appealed to Phil.
* Principal plus interest is $1,822.53/month for a total of $656,000 over thirty years or about $534,000 remaining (APR = 4.625%, which is upper end of normal).
* The outstanding principal is just under $228,000 compared to a purchase price of $252,000 (so a bit under ten percent paid off). This works out to mean that sixty percent of his remaining mortgage payments will just be covering interest. Which.... I'm not a homeowner but that seems idiotic of Phil and extortionate of the bank.
* This also suggests he either got an ultra low down payment or just didn't pay some months because the standard down payment of 20% would have left him with no more than $201,600 principal-no bank will set a minimum payment so low that it doesn't even cover interest in full. I believe the exact down payment was in one of the bankruptcy/foreclosure documents but can't find it right now.

He paid $130 000 for a one room condo in a ghetto of Connecticut. He could have rented an apartment for the same amount, dumped it when he found something better, and he wouldn't be in this bankruptcy and foreclosure mess.

I don't think this is true. Phil has always been horrible with money, especially when it comes to credit cards-he didn't pay off the advances he took out for FGC tourneys until 2012, then racked up another $140k in about eight years. Hell, he had almost no cash on hand when he filed bankruptcy after a half year of not paying the mortgage or his credit cards (and judging from his car loan + mortgage I feel confident saying he wasn't paying off other debts). In my opinion not buying that place might have let him avoid bankruptcy for a few more years but his spending habit/credit card debt would have forced him into it eventually.

EDIT: He also didn't pay the CT condo mortgage half the time (most banks won't sue to foreclose unless/until you miss multiple consecutive months) so the "real" cost to him was fairly low, probably under $5,000/year not counting HOA fees. I tried to back calculate the down payment + interest rate necessary for him to still be underwater in 2017 on the assumption he was paying every month and the math just did not work-even a 3% down, 10% APR mortgage with a thirty year term would have barely put him underwater.

 

[Salubrious]

* The outstanding principal is just under $228,000 compared to a purchase price of $252,000 (so a bit under ten percent paid off). This works out to mean that sixty percent of his remaining mortgage payments will just be covering interest. Which.... I'm not a homeowner but that seems idiotic of Phil and extortionate of the bank.

Thanks. That's helpful.

That's just how compound interest works. People misinterpret it as "you pay the interest first", but you don't. When you have flat monthly payments, the higher the prinicple still is, the more that still goes to interest.

If you go by 4.625% interest on $252,000, that's $11,655 per year in interest. Divide by 12, and that's $971.25.

That $1822.53 figure I remember counts the HOA fees, which are giantic. DSP is only paying the bank like $1300/month (his HOA fees were something like $500 PER MONTH). So when you're only paying $300 in priniciple and $1000 in interest every month, those interest payments are going to be high for a long time. That's why if you have the spare money, they recommend either getting a 15/20 year mortgage or just making extra payments that all go to the principle.

By the time you get to Year 20 or 21, and the principle has FINALLY been reduced by half, then you actually start hitting the prinicple hard with your actual monthly payments.

 

[Prince Lotor]

The document is here.

Highlights:

* He moved there in 2014 and had 293 months (just under 24 and a half years) outstanding when he filed bankruptcy in early 2020 which lines up perfectly with a thirty year mortgage. A thirty year mortgage has lower monthly installments but a much higher overall cost compared to a 15 year mortgage so you can see why it appealed to Phil.
* Principal plus interest is $1,822.53/month for a total of $656,000 over thirty years or about $534,000 remaining (APR = 4.625%, which is upper end of normal).
* The outstanding principal is just under $228,000 compared to a purchase price of $252,000 (so a bit under ten percent paid off). This works out to mean that sixty percent of his remaining mortgage payments will just be covering interest. Which.... I'm not a homeowner but that seems idiotic of Phil and extortionate of the bank.
* This also suggests he either got an ultra low down payment or just didn't pay some months because the standard down payment of 20% would have left him with no more than $201,600 principal-no bank will set a minimum payment so low that it doesn't even cover interest in full. I believe the exact down payment was in one of the bankruptcy/foreclosure documents but can't find it right now.



I don't think this is true. Phil has always been horrible with money, especially when it comes to credit cards-he didn't pay off the advances he took out for FGC tourneys until 2012, then racked up another $140k in about eight years. Hell, he had almost no cash on hand when he filed bankruptcy after a half year of not paying the mortgage or his credit cards (and judging from his car loan + mortgage I feel confident saying he wasn't paying off other debts). In my opinion not buying that place might have let him avoid bankruptcy for a few more years but his spending habit/credit card debt would have forced him into it eventually.

He got the home loan with a 10% downpayment. Mr Serious Adult Businessman basically tried to set it up so he would be paying the most amout of money possible for a small condo with shared walls on both sides. Literally paying close to triple the value of it's actual worth when purchased.

 

[ReentryPhantom]

He got the home loan with a 10% downpayment. Mr Serious Adult Businessman basically tried to set it up so he would be paying the most amout of money possible for a small condo with shared walls on both sides. Literally paying close to triple the value of it's actual worth when purchased.

Reminder that his condo is worth the least out of the whole complex lol. I think it's worth $10,000 less than the others.

 

[UncleTusky]

DSP is only paying the bank like $1300/month (his HOA fees were something like $500 PER MONTH).

"Only" $1300/month, that's still overpaying when all the things he does on his downtime (eating out + impulse buying) could just as easily be done in a cheaper and warmer metro like Reno or Nashville.

Also for anyone here who knows: What does an HOA do to warrant that kind of cost? I read through their website here and it all seems so burdensome-Phil is explicitly responsible for a bunch of things and can't ask the HOA to help defray the costs, but the HOA commitments are so vague that even things we know they do (lawn care, alarm systems) aren't spelled out.

Bringing us back to the subject of this thread, apparently he also got dropped by Machinima around the time Champions came out:

https://twitter.com/Ancient_Rylanor/status/1309775453989883905?s=09

I know they say gambling addiction ruins lives and I know it could be coincidental, but..... damn.

 

[Salubrious]

He got the home loan with a 10% downpayment. Mr Serious Adult Businessman basically tried to set it up so he would be paying the most amout of money possible for a small condo with shared walls on both sides. Literally paying close to triple the value of it's actual worth when purchased.

Reminder that his condo is worth the least out of the whole complex lol. I think it's worth $10,000 less than the others.

It still amazes me (yes even for DSP) that he could have chose literally anywhere in the entire country to live, and this is what he CHOSE: a middle unit $300K condo with existing water damage.

It's not like the city or the surrounding area were the draws either because he never leaves his home except to go grocery shopping. He could have bought an actual decent house for $300K somewhere as long as it had good internet. Hell, $300K could probably get you a decent McMansion in some poorer areas.

 

[Iron Hamster]

Also for anyone here who knows: What does an HOA do to warrant that kind of cost?

Simplest explanation is you are responsible for whatever work on the inside and HOA covers the outside.

 

[strandedcastaway]

It still amazes me (yes even for DSP) that he could have chose literally anywhere in the entire country to live, and this is what he CHOSE: a middle unit $300K condo with existing water damage.

It's not like the city or the surrounding area were the draws either because he never leaves his home except to go grocery shopping. He could have bought an actual decent house for $300K somewhere as long as it had good internet. Hell, $300K could probably get you a decent McMansion in some poorer areas.

To be fair, a condo he bought for $300K is estimated to be worth nearly $400K now. That's an excellent return on investment, even if he just got lucky.

 

[Collections Agent]

I know I've said this before, but for all of DSP's "pigroach luck", he has literally nothing to show for it. Even his WA condo has only about 10% off the starting principle, which is what happens 5-6 years into a 30 year mortgage. His car in the bankruptcy was still at the starting principle basically.

DSP is the perfect financial sucker; he will make only the minimums on everything until he dies. And now he doesn't even have (a second) bankruptcy to fall back on for nearly a decade.

DSPs luck is like a video game tutorial, ironically. We see it as luck, but really it's the equivalent of trying to die to that first enemy in the tutorial and every time you'd die, you either regenerate health, the enemy's attacks weaken, it gets restarted, etc.

It's not luck in the sense it's making his life better, it's luck in the sense it's letting him cling to the bare minimum amount of dignity he needs.

 

[PaleTay]

"Only" $1300/month, that's still overpaying when all the things he does on his downtime (eating out + impulse buying) could just as easily be done in a cheaper and warmer metro like Reno or Nashville.

Also for anyone here who knows: What does an HOA do to warrant that kind of cost? I read through their website here and it all seems so burdensome-Phil is explicitly responsible for a bunch of things and can't ask the HOA to help defray the costs, but the HOA commitments are so vague that even things we know they do (lawn care, alarm systems) aren't spelled out.

Bringing us back to the subject of this thread, apparently he also got dropped by Machinima around the time Champions came out:

https://twitter.com/Ancient_Rylanor/status/1309775453989883905?s=09

I know they say gambling addiction ruins lives and I know it could be coincidental, but..... damn.

My house is a couple times more expensive and HOA is slightly less, but HOAs are just scams in general. They might partially cover mandated renovations, a little goes towards garbage and sewer systems, most of it is snow removal and cutting the grass. $300/month of it is probably mediocre lawn maintenance.

Some of the money should be invested by the committee and essentially given back to the property owners and used for communal bargaining to get a better deal on something. I'd assume it's a pretty garbage ROI, generally speaking.

 

[Sparkletor 2.0]

It's not like the city or the surrounding area were the draws either because he never leaves his home except to go grocery shopping. He could have bought an actual decent house for $300K somewhere as long as it had good internet. Hell, $300K could probably get you a decent McMansion in some poorer areas.

My house is a couple times more expensive and HOA is slightly less, but HOAs are just scams in general. They might partially cover mandated renovations, a little goes towards garbage and sewer systems, most of it is snow removal and cutting the grass. $300/month of it is probably mediocre lawn maintenance.

Some of the money should be invested by the committee and essentially given back to the property owners and used for communal bargaining to get a better deal on something. I'd assume it's a pretty garbage ROI, generally speaking.

His homeowners association probably charges so much because they have to pay the elite navy seal snipers that guard the impenetrable gate surrounding the property.

 

[lavrentiyberia]

Phil, in general, has a huge problem with spending.

This is undoubtedly true. I was just watching an old EvilAJ video about DSP's struggles with direct capture, and in the middle of a chat tantrum at Chris Furtado for… well, not knowing how to make someone as stupid as DSP understand how to use a capture card, he just goes and orders three more capture cards for no reason.

 

[Penix]

This is undoubtedly true. I was just watching an old EvilAJ video about DSP's struggles with direct capture, and in the middle of a chat tantrum at Chris Furtado for… well, not knowing how to make someone as stupid as DSP understand how to use a capture card, he just goes and orders three more capture cards for no reason. https://youtube.com/watch?v=ucF8k7a2oSQ:1054

God damn, I've been watching some Tevin back in time stuff the last couple of days and the whole direct capture debacle is both hilarious and infuriating.

This guy seriously claimed he had to get a seperate office in order to even begin thinking about using direct capture. I can't even begin to think to understand his logic, it's truly out of this world.

The entire "This is how I do my work" video is beautiful, it's excuses all piled up on each other. Everything boils down to: "It costs effort and money and it takes away from my experience playing the game, fuck you".

It is truly amazing to see this phenomenon play out at the same time, both in old school DSP with direct capture and modern DSP with the vest begging for improvements he will never do.

 

[Big Brown Schlub]

God damn, I've been watching some Tevin back in time stuff the last couple of days and the whole direct capture debacle is both hilarious and infuriating.

This guy seriously claimed he had to get a seperate office in order to even begin thinking about using direct capture. I can't even begin to think to understand his logic, it's truly out of this world.

The entire "This is how I do my work" video is beautiful, it's excuses all piled up on each other. Everything boils down to: "It costs effort and money and it takes away from my experience playing the game, fuck you".

It is truly amazing to see this phenomenon play out at the same time, both in old school DSP with direct capture and modern DSP with the vest begging for improvements he will never do.

Back then he didn't even have a reason to upgrade his setup, now that he's a streamer he does because he can implement any change by begging for it right away. Of course, the fact that he still does those improvements badly, if at all is another matter.

For example, imagine if he were to build a PC for streaming and started a let's say $2000 begathon fundbeggar for it. After the paypigs fund it the next day aaaah shit guys, I didn't factor in the price of the software I'm gonna have to use, I'm gonna need another $300, after that aah shit guys I'm gonna need a new mic, that's another $300, after that aaaaah shit guys they released a new graphics card that's better than what I wanted so I'll need another $500 and so on and so on until after about 6 months-2 years he finally buys a prefab midrange PC, bitches about how he can't stream the latest game on ultra settings, declares the PC bugged and just continues doing his low-effort streams on console.

 

[Pepper Jack]

Here are details outlining the October contest. NotDSP will be whaling for the HHH Zombie Skull King and for the Zombie Brock Lesnar.