The homies and I were eating lunch at a Shake Shack. The gentleman next to us friendly interrupted us to ask whether or not the food there is worth it. I bluntly replied a resounding no. $20 for burger, fries, and drink will forever be too damn high, no matter how gourmet it is (I would say Shake Shack is only slightly above McDonald’s). The only reason we were there for lunch is there was a buy-one-get-one offer on the Shake Shack app.
Apps are downright mandatory these days when eating at chain restaurants. Most will have deals that aren’t advertised in-store. The gentleman was bemoaning the fact he did not know about the free burger offer. In these times of inflated eating out costs, app deals are the only way to get me to spend money at restaurants. (Unless I’m eating with others.)
Speaking of inflated costs: can someone explain how can banks possibly charge $5,000 for simply closing on a mortgage? This feels like pure fat off the top, doesn’t it? The institution is already making money on the loan by adding points on top of the benchmarking lending rate! You mean to tell me that it cost $5,000 for a few people to crunch the numbers (I concede that underwriting due diligence requires some labor) and press the return key on a keyboard?
Worse: when it comes time to refinance - with the same bank - you will get charged another $5,000 for closing that. For what is presumably a formality! The bank knows your information already, and have records of you paying on time. Unless the borrower is completely upside down on house, all the bank has to do is rearrange the numbers internally. And for that, the easiest $5,000 made ever. Even a Porsche cars salesperson would blush at such wetting of the beak.
We fly high.