An accountants perspective
I just can't resist talking about how laughable tophias understanding of basic finances are.
For context I have been a CPA now full time for almost 2 years.
What really made me laugh the most was her saying she's going to buy a house- with no loan, no down payment, and no mortgage.
Yes, programs exist funded by the government to offer a loan to first time home buyers. However, the requirements to apply for this type of loan can be very strict depending on the state. In general, good credit is required, as well as clean rental history. Tophia has neither of those, I'm assuming, and therefore for her to insinuate that she could just walk into an office and get one is INSANE!!!
Also, buying a house in cash is nearly impossible- and even people who are rich enough to do it that way usually don't. It's much smarter to put a high down payment and negotiate a low interest mortgage, to maintain credit scores and things like that.
Also, for reference, the average home price in ABQ is 350k.
So if Tophia wanted to buy a house in cash, based on her current tiktok income, she would have to be like for 25,000 days straight (yes, TWENTY FIVE THOUSAND DAYS. ALMOST 70 YEARS) and never spend a dime.
Her idea that she can't live in an apartment because she doesn't want to get an eviction again is so delusional. They're gonna be renting a weekly motel room forever it seems like, unless she seriously finds a well paying job and gets off her asschu...
Anyway rant over!! Bye chus 🥰
Archived Comments
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Tophia the type of person to think her own grandparents bought a house with actual cash..
it’s impossible. She needs a stable bank account and stop telling people to buy her wishlist. That’s the sole reason why her money is getting stolen and deducted by hackers and doxxers alike.
She thinks buying anything is like the sims..
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One time she said that she could buy 20 houses with 200k 💀 I wish I still had the clip
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10 or 20 houses or 1 mansion 😭😭
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That clip went soooo viral I’m so mad I don’t have it
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It’s so funny how she says her parents almost bought a house in 2001 so she knows what she’s talking about, wtf does that have to do with anything you were 7 years old??? 😭😭😭
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I'm pretty sure she means first home buyer loan. It just means you don't need a down payment, but a loan is very much involved. She's such a idiot.
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Marie called me stupid for having a mortgage 🧌
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😭😭😭😭
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What do you think of her saying "no credit is good credit"
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She's stupid... having no credit is more close to having bad credit. You can't do anything with no credit
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i love it when ppl with jobs (unlike tophia) clock her with facts😭😭 thank you for your service