Real Estate Possessed Properties/Bank Owned Homes

The most evident resource of gratitude for undeveloped land is, of training course, establishing it. As cities increase, land outside the limitations ends up being more as well as a lot more useful due to the fact that of the capacity for it to be acquired by developers.
Capitalists furnished with an outstanding debt rating will not just obtain a bigger array of options for functioning funding, yet they'll have much more control of their monetary responsibilities.
We're not looking at techniques for just how to make money from real estate. Rather, this article will certainly focus on the fundamental methods that loan is made through real estate.

The secret is called OPM-- other individuals's money. It's going be someone's cash. Someone's loan is decreasing since there is no such point as no loan down. Exactly how do you get the cash from other individuals? Funds have to do with playing violation, not defense. Don't chase your budget plan. Rather than chasing a $200,000 offer, chase a $2.5 million buck deal. Do not acquire much less compared to 16 units, because without 16 devices you could not have a supervisor. If you can't have a manager you're either not mosting likely to have your attention on the property or your house will become your full-time work.


Real Estate Investment Vs Business

The very first step is understanding just what your credit report is, and also recognizing exactly how it affects your investment strategy moving on. Depending upon what your score is, you could get a conventional funding as well as be qualified to safeguard down settlement help. Comprehending where you stand in the economic realm of credit history will only boost your real estate investment methods, as well as your financing alternatives. Knowing how you can buy real estate without any cash down is very important as a capitalist, yet it's not always your only alternative.


Investor Vs Broker

The response to "ways to purchase real estate with no cash down" is easier than one may believe. The method is recognizing the options offered to you, and also how you can utilize them. The following is a beginner's overview of getting going in real estate investment with no money down, including tips for financiers with bad credit score:


What Does Real Estate Investor Do

Go to investors, individuals that have $100,000 each, $20,000 each and provide them a great deal. Due to the fact that individuals are taking an opportunity on you, you're going to have to provide a great bargain. Who would you most likely to initially-- mommy, father, uncle, bro, sis? You could go look for investors in your town, perhaps a real estate financial investment club due to the fact that those are the individuals who maybe don't have sufficient time but desire to place $50,000, $100,000, $200,000 right into it. There's a whole lot of people available right currently that have loan sitting in the bank.

house flipping 101: investing with no money

Of program, there is one major element we skipped in our recap - the financial effect of rising cost of living. A 10% rising cost of living of the buck means that your buck could only get concerning 90% of the very same great the following year, and also that consists of residential or commercial property. If a parcel was worth $100,000 in 1970, and it rested inactive, untaught and disliked, it would certainly still be worth sometimes extra today. Since of runaway rising cost of living throughout the '70s and a constant rate because, it would likely take control of $560,000 to buy that land today - presuming $100,000 was fair market value at the time and all other elements remained continuous.


Industrial Property Commercial residential property gains worth for the same factors as the previous 2 types: place, advancement, as well as enhancements. The very best commercial homes remain in need, and also that owns the price up on them. (For associated analysis, see 7 Steps To A Hot Commercial Real Estate Deal.)


If there is one location the brand-new capitalist need to go when they was initially starting in their career exists local Real Estate Investors Association (REIA) meeting. Although these meetings are infamous for being "pitch fests," if you could around the noticeable sales pitches, there are plenty of people at these conferences that are ready to attach you. In addition, events arranged by the Chamber of Commerce,, as well as any business obtain togethers are likewise dreamlands to meet prospective capitalists.


Personal cash loan providers could be just concerning anybody you understand or fulfill. Exclusive capitalists are just normal individuals like you and me that have retirement accounts or non reusable earnings books that they are planning to spend. In most cases, they are not proactively seeking brand-new financial investment vehicles -- but if you recognize them as well as speak about just what it is that you do, after that possibilities are extremely excellent that they may actually approach you as opposed to you approaching them.


You've obtained relatives and buddies providing their loan to Wall road now, as well as they aren't sure anyone in that place. They are placing it in common funds, IRAs, as well as 401ks. You require to encourage them to share you. Their money has been decreased to little digits and it's backed by nothing. Loan essentially stands for an idea backed by confidence. You need to increase money.


There are several financial investment bargains that take place throughout the real estate market on a yearly basis. The majority are accomplished through standard lending institutions and establishments like banks, yet some are accomplished through less standard methods. Most of the times, it's since the financier could not elevate the funding or didn't have the credit report rating to do so.


If somebody is trying to offer you on a new method making money in real estate besides getting low and marketing high or gathering rental fee, they're possibly attempting to market you on the procedure of real estate investing, rather than a new system for making profits. Whether the process is worth it or otherwise is up to you, but understand that it doesn't change just how the cash will certainly be made (or shed) in the end.


One of the most typical resource of real estate revenue is the appreciation-- the rise in the worth-- of the residential property concerned. This is achieved in different methods for various types of real estate. As well as, most notably, it is only recognized through marketing or refinancing. If you are taking into consideration re-financing, then utilize our mortgage calculator to calculate present re-finance prices.


Why Real Estate Investment Banking

For instance, there are casual residential real estate options where you pay a cost to deserve to purchase a residence at a provided time, state after a month, for an agreed after price. You discover financiers who will certainly pay more compared to your choice cost for the building. In this instance, the costs you get is basically a finder's cost for matching a person trying to find an investment with an individual wanting to market - no different than a real estate representative. Although this is income, it doesn't come from purchasing (i.e. holding the deed to) a piece of real estate.



Instead, this write-up will concentrate on the standard means that loan is made through real estate. The solution to "how to invest in real estate with no cash down" is less complicated than one may believe. You can go look for financiers in your neighborhood area, scott yancey house possibly a real estate financial investment club because those are the people that possibly do not have enough time however desire to put $50,000, $100,000, $200,000 into it. If there is one location the new financier ought to go when they are first beginning out in their job is there local Real Estate Investors Association (REIA) conference. If a person is trying to market you on a brand-new method to make loan in real estate various other compared to buying reduced as well as marketing high or accumulating rent, they're possibly attempting to offer you on the process of real estate investing, instead compared to a new device for making earnings.

Shiller Pe Ratio By Sector

If the US Government attempts to spend $200BB less each year (to reduce our $1TT shortage to absolutely no in 5 years), after that no uncertainty that would certainly affect margins. In simplified terms, $200BB cuts every year for 5 years, separated by a $15TT economic situation is 1.0% in margin influence each year tax obligation modified.

Yet neither would certainly I suggest that till the S&P drops by 50%, I would not touch stocks. In fact, that sort of a drop to me is highly not likely. Even in 2008, quickly the scariest financial investment era that I have actually ever before seen, the S&P dropped 38%. Amongst the economic illuminati of the world, it appeared that we had not just an awful economic crisis on our hands, but an international financial meltdown of legendary percentage. Stock reacted appropriately.


Shiller Pe Ratio By Sector

It's not tough to quickly detail numerous factors for gradually rising revenue margins given that the very early 1980s. Undoubtedly efficiency renovation is the number one reason, but right here are numerous others either driving that or contributing directly to higher productivity:


I imply, in 2007 the S&P traded at 1468 usually, and also generated just $83 in EPS (almost 18x revenues). Today we go to lower 1400 degrees, with the S&P likely to generate around $104-105 in EPS. That is a 13.4 x multiples, 24% lower compared to in 2007.


Below, I explain partly why the PE10 ratio is relatively high, along with proposing an alternate ways of considering equity markets to establish cheapness. To me, a much more forward looking approach makes even more feeling for the long-term capitalist, along with one that integrates ahead rate of interest.

The math is basic: it's the price of the market, split by inflation-adjusted revenues averaged over the past 10 years. If the ratio is the standard of the previous 10 years, then it goes without claiming (or possibly not), that make money margins need to have been progressively climbing. At today's 1400 prices on the S&P 500, this traditional case only gets you 3% in return each year.
To me the PE10 integrates also much weight on earnings 8, 9 as well as 10 years back. Eli Lilly for example created average EPS of $2.46 over the previous 10 years, indicating a PE10 proportion of 17.4 x. I am not sure Extra resources exactly what that informs me to be honest. Allow's call it check this site out 7-9% as opposed to the long term standard of 6%.

If the United States Government attempts to spend $200BB much less each year (to reduce our $1TT deficiency to absolutely no in 5 years), after that no doubt that would affect margins. PM Capital In simplified terms, $200BB cuts every year for 5 years, divided by a $15TT economic situation is 1.0% in margin impact each year tax adjusted. Likely real GDP growth of 2% per year may offset this, yet it's definitely going to be a drag on margins as well as earnings going onward. If the ratio is the average of the previous 10 years, after that it goes without claiming (or maybe not), that benefit margins have to have been gradually increasing. At today's 1400 costs on the S&P 500, this conservative situation just gets you 3% in return per year.

Shiller Pe Ratio By Sector

Shiller Pe Ratio Bloomberg

CAPE stands for cyclically changed price-earnings proportion as well as is created to ravel corporate incomes cycles to identify if stocks are costly or low-cost. CAPE is calculated by dividing the S&P 500's SPX, +0.08% present price by the index's ordinary genuine reported revenues over the prior 10 years.

Doug Short of Advisor Perspectives dug up an intriguing data factor. He tried to find comparable historical periods when the CAPE ratio was over 20 and the 10-year U.S. Treasury bond yielded in the ultra low 2% range.


Shiller's step improves the thoughts of Ben Graham, the godfather of worth investing that was Warren Buffett's coach. Graham when claimed financiers need to take a look at incomes over a 5-to-10 year period due to the fact that economic cycles can distort company earnings in any type of provided year.


What Is Shiller Pe Ratio

The P/E 10 ratio is calculated as adheres to-- take the annual EPS of an equity index such as the S&P 500 for the past 10 years. Change these earnings for inflation using the CPI. Take the standard of these actual EPS numbers over the 10-year duration. Split the current level of the S&P 500 by the 10-year average EPS number to get the P/E 10 proportion or CAPE ratio.

He stated the S&P is trading at 14 times projected 12 month revenues, a 14% discount to typical projected P/E considering that 2000, when the so-called secular bear market began. Typical methods to evaluate the market usage "trailing" or "forward" price-to-earnings ratios. In May 2013 it was reported that stock markets in southern Europe were starting to bring in the focus of hedge funds due to their low cyclically readjusted PE proportions.

Shiller Pe Ratio By Sector

In September 2013 a FT evaluation looked at the clash of opinions between Robert Shiller and one more renowed economic expert, Jeremy Siegel. According to Prof Shiller US equities were very overvalued whereas Prof Siegel said the data on which CAPE counts were unstable. His own design revealed US stocks to be undervalued.

Shiller Pe Ratio Index

The provided appraisal proportions are market-capitalization-weighted. "Weight" offers the real country weight. PE (Price-Earnings-Ratio), PC (Price-Cashflow-Ratio), PS (Price-Sales-Ratio) and also DY (Dividend-Yield) are based on tracking 12 month worths. PB (Price-Book-Ratio) is based upon the most current business financal statements. The rounded RS(Relative-Strength)-Indicators (complying with Levy) split the present market value by the typical rate of the previous 26/52 weeks. To ensure comparability across nations, the RS-Indicators are calculated in EUR. The StarCapital-Score is stemmed from fundamental assessment and relative-strength indicators as well as gauges the loved one appearance of a nation (blue=beautifully valued, red=costly). In the above table, empty cells stand for not available or negative values. We exclusively take a look at firms for which data is supplied by a minimum of 2 independent service providers. Outliers are analyzed qualitatively as well as got rid of where required. The country selection is based on the Datastream Global Equity Universe (66 countries). Just the 40 essential and also most fluid countries are received the table, just for them StarCapital Scores are computed. The released details does not constitute financial investment suggestions or recommendations. No duty is considered the correctness of this information. Source: StarCapital, Thomson Reuters Datastream (Worldscope/ IBES), corporate details et al. Keep in mind: As of April 2015, we have actually expanded the underyling equity world by 2,400 firms to attain a more comprehensive market insurance coverage. The prolonged equity world also includes 800 business from 27 new arising markets disappointed in the table above: Argentina, Bahrain, Bulgaria, Chile, Colombia, Croatia, Cyprus, Egypt, Estonia, Jordan, Kuwait, Lithuania, Luxembourg, Malta, Marocco, Nigeria, Oman, Pakistan, Peru, Qatar, Romania, Slovakia, Slovenia, Sri Lanka, United Arab Emirates and Venezuela.

"The closest we ever before came to this in U.S. history was a seven-month duration from October 1936 to April 1937," Short created. Even with that blue-chip background, there's substantial discussion over additional hints the effectiveness of this valuation step. The adhering to chart shows the existing distribution of all considered nations and 39 sectors in our universe Click This Link (please refer to our details on Sector Valuation) for even more info.

CAPE stands for cyclically adjusted price-earnings proportion and also is built to smooth out company revenues cycles to figure out if stocks are costly or low-cost. The P/E 10 ratio is computed as complies with-- take the yearly EPS of an equity index such as the S&P 500 for the past 10 years. Traditional techniques to evaluate the market usage "routing" or "ahead" price-to-earnings ratios. In May 2013 it was reported that supply markets in southerly Europe were starting to bring in the attention of hedge funds due to their low cyclically adjusted PE proportions. The presented assessment proportions are market-capitalization-weighted.

Fascination About shiller pe

Just how Is Shiller Pe Calculated

A criticism of the P/E 10 proportion is that it is not always precise in indicating market tops or bases. For instance, a short article in the September 2011 problem of the "American Association of Individual Investors' Journal" kept in mind that the CAPE ratio for the S&P 500 was 23.35 in July 2011. Contrasting this proportion to the long-lasting CAPE standard of 16.41 would certainly suggest that the index was even more compared to 40% overvalued then. The write-up recommended that the CAPE proportion offered an extremely bearish view of the market, since traditional assessment steps like the P/E revealed the S&P 500 trading at a multiple of 16.17 (based on reported profits) or 14.84 (based upon operating revenues). Although the S&P 500 did plunge 16% during a one-month period from mid-July to mid-August 2011, the index consequently climbed greater than 35% from July 2011 to new highs by November 2013.

Shiller Pe Russell 2000

Richard Beddard of iii provides a somewhat jerry-rigged variation of PE10 for the FTSE All-Share index. Another UK blogger used to use self-calculated updates of a shortish-run PE10 ratio for the UK. Unfortunately his last message on the matter was in summertime 2011.2


Shiller Pe Yale

The greatest top for the normal P/E was 123 in the very first quarter of 2009. Already the S&P 500 had collapsed greater than 50% from its peak in 2007. The P/E was high since profits were depressed. With the P/E at 123 in the initial quarter of 2009, much above the historic mean of 15, it was the most effective time in current history to purchase stocks. On the other hand, the Shiller P/E went to 13.3, its lowest degree in decades, appropriately indicating a much better time to get stocks.

The regular P/E utilizes the ratio of the S&P 500 index over the trailing-12-month incomes of S&P 500 business. The P/E ratio then comes to be unnaturally reduced due to greater earnings. The regular P/E ratio becomes greater.
The P/E 10 ratio is determined as adheres to-- take the annual EPS of an equity index such as the S&P pop over to this site 500 read this for the previous 10 years. You sometimes see financial investment financial institutions estimating PE10 proportions for the UK market, yet index I do not know of a best source. GuruFocus computes the Shiller P/E proportion of specific supplies and various industries.

Kevin O'Leary Interactive Trader Press

Kevin O u0027leary National politics

O'Leary and also backers from Citigroup made a not successful effort to obtain the video game firm Atari, as well as O'Leary made strategies to begin a video-gaming tv network that never ever concerned fruition. [6]

O'Leary has criticized Justin Trudeau's procurement strategy. He supports acquiring airborne combat drones to protect Canadian airspace and also sustains terminating use the Lockheed CP-140 Aurora mentioning cost reasons. [114]


Yet O'Leary states it had not been till he talked about the issue with his better half, Linda, that he got what he needed. "She claimed to me 'this is not just what I would choose for us but if you wish to do it, as I've done for you for every one of these years, I'll back you,' which's all I should hear," O'Leary shares, while destroying.


Is Kevin O'leary Married

O'Leary additionally signed up with ET Canada on Facebook Reside on Friday, where the political confident common information concerning his platforms on the legalization of marijuana, migration, weapon control and carbon tax. See listed below.

As head of state, O'Leary would presumably be in a placement to work out the profession connection with the United States government, and also some of the terms to get the pipeline developed. O'Leary showed up on the Halftime Record from Hollywood, Florida, on January 23-- much less than a week after revealing his run for the leadership-- where he mentioned a few of the giving ins he might provide to obtain the pipeline constructed if he were head of state.


What Does Kevin O'leary Drive

O'Leary had desired end up being a digital photographer, yet on the suggestions of his stepfather went to university, [15] where he remained to establish his rate of interest in business and also investing. [21] He got an honours bachelor's degree in environmental researches and psychology from the University of Waterloo in 1977 [22] [23] [24] and also an MBA in entrepreneurship from the Ivey Business Institution at the University of Western Ontario in 1980. [23] [24]


O'Leary is a worth capitalist; he has actually provided guidance on individual finance. [49] He advocates portfolio diversification as well as suggests that financiers have their age as the percent of bonds in their portfolios (i.e., 30% in bonds as well as 70% in stocks for a 30-year old financier, with a raising proportion of bonds and also decreasing proportion of supplies as the investor ages). [49] O'Leary has also "stated on several celebrations that he won't invest in a publicly traded stock unless it'ses a good idea him a reward." [50]


Kevin O'leary

During an episode of the initial season of Shark Tank, after O'Leary made an especially hostile deal for a business, fellow capitalist Barbara Corcoran reacted with the sarcastic riposte, "Well, typically aren't you Mr. Remarkable?" [63] O'Leary promptly accepted the label and began to describe himself as "Mr. Wonderful"-- both as a tongue-in-cheek referral to his reputation for being mean, [64] As a representation of his view that his blunt analyses were helpful to illinformed entrepreneurs. He additionally acquired a credibility on the show for choosing deals in which he lends the entrepreneurs loan for a percent of future revenue, as opposed to taking a share of the company. [65]


O'Leary co-founded SoftKey Software program Products, a technology business that sold software tailored towards household education and enjoyment. Throughout the late 1980s as well as 1990s, SoftKey acquired rival firms such as Compton's New Media, The Knowing Business as well as Brøderbund. SoftKey later on altered its name to The Knowing Firm and also was obtained by The Mattel Plaything Company in 1999, with the sale making O'Leary a multimillionaire. [5] [6] O'Leary was soon terminated by Mattel after the acquisition resulted in significant losses as well as multiple investor suits. [6]


The Montreal-born entrepreneur has faced criticism for the quantity of time he invests in the U.S. while competing Canadian political workplace, prompting comparisons to previous Liberal leader Michael Ignatieff, that invested decades southern of the border and also in the U.K. prior to returning the home of just what was eventually a stinging selecting loss.

kevin o'leary kathleen wynne

O'Leary is a huge follower of the football group the New England Patriots, and asserts to never miss a game of theirs, also when he is circumnavigating the globe as well as the video game occurs in the middle of the evening. [63] He is a wine fanatic, and belongs to the Confrérie des Chevaliers du Tastevin, an international organization of Burgundy wine fanatics. [130] He is likewise a lifelong professional photographer, as well as has shown and sold prints of his photographs, giving away the profits to charity. [131]


Where Does Kevin O'leary Live

In 1999, Tender Loving Care was gotten by Mattel for US$ 4.2 billion. [31] Sales as well as revenues for Mattel soon went down, and O'Leary departed Mattel. The purchase by Mattel was later on called among one of the most tragic procurements in current background. [37] Following the acquisition, Mattel experienced a USD $105 million loss where management had projected a US$ 50-million earnings. Mattel's supply dropped, wiping out USD$ 3 billion of investor value in a single day. Mattel's shareholders later submitted a class-action suit accusing Mattel execs, O'Leary, and also former TLC Chief Executive Officer Michael Perik of deceptive financiers concerning the health and wellness of TLC and the benefits of its acquisition. The suit affirmed that TLC made use of audit methods to hide losses and pump up quarterly revenues. O'Leary as well as his offenders challenged every one of the costs. Mattel paid $122 million to clear up the claim in 2003. O'Leary criticized the modern technology disaster as well as a society clash of management of the two firms for the failure of the procurement. [36] [38]


The Dragons' Den as well as Shark Tank star has currently been compared thoroughly to Donald Trump, however in numerous means it's imprecise or unjust. Mr. O'Leary is not playing to anti-immigrant view or barrier versus globalization. Like Mr. Trump, he's a self-centred prospect.


"Kevin O'Leary as well as Kellie Leitch are both taking lessons from what we saw in the United States election and also embracing a design of negative, untrustworthy populism," long time Ontario MP Lisa Raitt stated at an interview last week.


He does have a number of speaking topics, and also they aren't bad, if you're selecting themes for a Conservative management proposal. One is competitiveness, lowering taxes and cutting policy, including suggesting that Mr. Trudeau should be waiting to see just what Mr. Trump does in the United States before matching it here. The 2nd is winning, which he says he could do by recovering all the millennials that chose Mr. Trudeau, obviously because he's a reality-TV star.


Are Kevin O'leary And Barbara Corcoran Married

Kevin is a solid conservative, having expressed passion of wanting to compete Canada's Conservative Event's leadership. Since January 2017, he has said that he will certainly be running in the 2019 political elections. He asserts that the USA of The U.S.A.'s political candidate, Donald Trump, has actually inspired him. Kevin has additionally asserted that the Liberal party will fall, and also he ended up signing up with Canada's Traditionalist Party a bit before the 2016 Convention of the Conservative Party.


Kevin Oleary Twitter

But it was still exceptional that Mr. O'Leary could not muster much to state on issues that weren't in his wheelhouse. He not only had nothing to claim about psychological health and wellness, he recommended practically all that issues about the health-care system is there isn't adequate financial development to sustain it.


That's Kevin O'leary

It doesn't look like O'Leary will certainly be taking part in the Quebec City dispute, though he could enter the race 2 days after it, inning accordance with remarks he made recently at a celebration of rich Canadians in Florida.


He doesn't speak much about his faith but there has actually been talk of some kind of Jewish heritage. His papa as well as mommy were Irish and Lebanese respectively. His mommy was Christian, and was buried at St.George Antiochian Orthodox Church.


"Tempting maybe, we will refrain from reacting to your personal assaults because the objective of our letters to you was not to attack you, but to fix you," Duguid claimed in the letter, provided Wednesday.


Spend Like Kevin O'leary

O'Leary supports multi-lateral free trade agreements such as the North American Free Trade Agreement. He described hypothetical trade negotiations between Donald Trump and Justin Trudeau as "Godzilla versus Bambi". [108] O'Leary believes business tax obligation rates in Canada are expensive, and has actually guaranteed to eliminate the national carbon tax. [109] O'Leary has actually intimidated to penalize districts by holding back transfer settlements if they do not eliminate their corresponding carbon tax obligations. [109] O'Leary is a movie critic of deficit spending as well as supports eliminating the national debt. [110]


In February 2016, Maxime Bernier, a Conservative Quebecois political leader, criticized Kevin O'Leary, calling him a "tourist" [86] for not being able to talk French as well as wishing to be Prime Minister. [87] [88] Bernier later clarified his remarks by clarifying that he wanted all management prospects to find out French and applauded his fellow leadership challenger Lisa Raitt, who was aiming to enhance her French. O'Leary stated that he my blog was taking French lessons, and assured to find out French in time for the following federal political election. [89]


O'Leary's parents divorced when he was a child, and his papa died quickly thereafter. After his papa's death, O'Leary's mom ran business as an executive. [14] His mom later on married an economic expert that dealt with the UN's International Work Organization. [11] [15] His stepfather's global assignments triggered the family members to move regularly, as well as O'Leary resided in several places while growing up, consisting of Cambodia, Tunisia, and also Cyprus. [16] O'Leary went to Quebec colleges Stanstead College [17] and also St. George's School. [4]


"I'm a substantial investor in Canada and also in TransCanada pipeline-- large placement for me. So I know that we spent $3.2 billion getting screwed about by the Obama administration for eight and also a fifty percent years," O'Leary claimed. "I want my dough back. I'm not satisfied about it."


Kevin O'leary Sells Wine On UNITED STATE House Purchasing Network Amid Leadership Campaign

"I want her to be pleased with me, I do not wish to do something that a 23-year-old lady who aspires to be a business owner wouldn't elect me, that's my criterion aboard as well as if I cannot do that after that I don't be worthy of to be Prime Minister," he includes.


O'Leary and his better half, Linda, have actually been wed given that 1990. [18] The couple divided in 2011, however resumed their marriage after 2 years. [124] Linda now serves as the VP of Marketing for O'Leary Wines. [125] They have two children. [126] Trevor is a music manufacturer and DJ. [126] In a meeting with Inc. Publication author Brian D Evans O'Leary stated: "In an effective expanding service, it consumes your time to life. Later in life, you could supply for your family members things that several others can't have. However since you compromised, you're then provided the reward of flexibility."

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15