I can tell you from being on these board a while (1) those typical BP ratios do not work in high value areas such as LA, NYC, Wash DC, etc. and (2) people invest in those areas anyway, not for cash flow as much as the anticipation of appreciation.  

So yeah it may cost the average borrower about you 1.125 pts "more," upfront but that was marginal since there were so many ways to "absorb," this cost for the average buyer.Back in those days I'd just help the buyers agent negotiate this 3.375 pts from the seller since it was a buyers market and sellers were desperate so most of the time the buyer came in with 3% down and did not have any monthly mortgage insurance because the single premium MI cost was delegated to the seller and was a "wash," after the seller credit.

One hand washes the other.

Have your kids do the laundry, wash the cars, mow the lawns(where you maintain a home office) etc.

Not hardi board.I've done an exterior of a house where I would power wash the house first thing in the morning.

Bad business ethics usually come out in the wash.

All in all, it is probably a wash.

Wash rinse repeat.

Transcript is probably on his website.Isn't that the same laundromat that Bill Gates washes his SS uniform?

Heard a window washing business could be pretty profitable if you get into the upper end neighborhoods.