You gotta find a better way to present this other than making it sound like Torvalds is a baby taking a shit. “The one who makes” I’m dead.
Its capitalized “Makes” which I took to mean a proper name instead of the verb. So this is referring to the GNU compiler Make. Since this is posted in /c/linuxmemes, I think its a safe post for the audience to know the difference.
Nothing is stopping you from moving to another Lemmy server and blocking .world entirely. You have to find some value here if you haven’t done that already. If you hate it so much why are you still here and posting instead of on another server with other non-Lemmy.world communities?
you…realize thats not only where this Lemmy Community is…but also your user account, right?
How would that work, even on paper? Not being a dick, just don’t understand. So it’s literally just, “you can never own this property fully?”
Yes. The tradeoff is you have a property that is in your name (with a bank note attached), and if the property increases in value during the time you own it, when you sell, you pocket the difference. If you have a fixed interest rate, it also caps the growth of your payment for housing for the entire time you live there. There’s quite a bit of value in that.
One weird thing we have is that part of the interest you pay is tax deductible.
This matches the USA system for mortgages.
for this reason there is a type of mortage where you first only pay the interest, and slowly start paying off more and more of the mortage, which means your net mortage fee slowly increases over time, which is nice if you expect your income to increase over those decades.
This sounds new to me. In the USA we do have amortized mortgages so a very high percentage of the monthly payment is interest with little going to principal. Over time that relationship flips where you’re paying more principal that interest. However, in our system the mortgage payment stays the same, only how much of that fixed payment goes to interest vs principal changes.
Balloon mortgages would be good in only two situations:
I don’t ever see myself using a Balloon mortgage. Worse, they are frequently sold via predetory lending methods. Unsavvy buyers are convinced to take a balloon mortgage not understanding the payments will rise dramatically in the years ahead. This can lead to eventual foreclosure when the owners can service the higher payments.
It an overall bad deal in my mind, but there are some upsides (not enough for me to take it). Assuming you get a fixed rate, you lock in your payment and your “rent”/mortgage will decline over time just from inflation eating away at it. I think most folks would love to have their rent decline by 3% every year. This effectively does that.
Additionally, if you are the homeowner instead of the renter, if the real estate increases in value, when you sell, you pocket the increase. There’s nothing like that in renting.
Congratulations on your new home!
Thanks for providing that info on the “afloasingsvrije” mortgages. It was a few years before 2008 when she bought, so that tracks with what you’re reporting.
Here in the USA we have fixed rate mortgages, where you have a single fixed interest rate for the entire length of the mortgage, but I know that not all countries have that. From what I understand in Canada the rates fluctuate during the mortgage where you can get something like fixed for 5 years (maybe 10?) but then the rate can increase on the existing mortgage you’ve already got.
How does the Dutch system work? Fixed for life of mortgage? Continuously variable? Fixed for a time like Canada? Something else?
I know someone living in the Netherlands (home of Lemmy.world!) that told me they had interest only mortgages that didn’t pay toward the principal and that this was common over there. It seems like these new 50 year mortgages in the USA are a step going that same way. Anyone from that area confirm this?
I have a small portfolio of space company stocks and keep them as a reminder to avoid active investing.
My boring old Total Market (essentially S&P500) index funds have done much better in the same time as my space stocks.
Wait till gold drops by into it.
Every time the market spikes for gold (as it is now), I run the projections to see if I would have been better off in gold than buying equities instead. Gold has never once shown to be the better investment as vehicle for appreciation.
For the purposes of framing your question, are you meaning:
or
There are different answers for each.
You should have a burrito.
This is sound advice. I will follow through with it tomorrow!
My only problem is that I’m obsessed with health & fitness.
That might be a problem if it rises to the level where causes you trouble interacting with society peacefully.
I choose not to adapt to a sick obese society.
If you’re talking about your own personal choices and consumption, no one is asking you to be obese. More importantly, the picture or the post the OP made also also doesn’t advocate for an obese society, so your assumption that it is would be projection on your part, no?
If instead you’re saying you won’t tolerate other people in society being obese, that a very large problem because you don’t get to make those choices for others.
And if that makes me an outlier and you think I need to be medicated in order to conform to all the fat slobs in the world,
That’s a nice strawman, but it belongs to you, not me.
I suggested you need might want help because you saw a fairly innocuous wholesome picture of a cartoon character that enjoyed a meal and you wrote an entire narrative about how it would lead to the subject becoming obese and unhappy in life. That’s not a reaction most folks have. Does that seem okay with you that you saw something that would otherwise be considered cute or happy and you only saw darkness in it?
I’m frolicking at a nude beach right now and you probably wouldn’t feel comfortable here.
Continue to do that if it brings you joy and fulfillment and doesn’t hurt anyone.
If this is where your mind goes when presented with with the otherwise wholesome image in the OP, I’d really recommend you talk to someone. If you have clinical depression, it isn’t your fault. Its a chemical imbalance and there is help available. We’re all broken in some way. Some people wear their challenges on the outside, other are invisible on the inside. There is zero shame in seeking help.
papyrus font is triggering
Just using the interest rate is an unfair comparison. You have to go get median house prices and median incomes as well to make a proper comparison. Just saying the rate was higher at some point is useless if we don’t also compare the prices and incomes because what really matters is affordability. Not saying your whole comment is wrong, just trying to say that this particular part seems to be biased in favor of the Boomers.
I’d written a big post already, and diving into all the details and nuance was too much to put in the initial post. You’re right that the interest rate alone isn’t a determining factor, but I’d also disagree that its objectively in favor of Boomers, perhaps subjectively though. Another factor to consider is that in the downpayment requirements. Today we talk about the “best practice” of putting 20% down on a home, but that’s today. The alternative of putting less-than 20% down and using PMI didn’t even exist as a concept until 1971. It grew in popularity later, but in the early days it wasn’t common. Further, with higher interest rates it meant that much lower pay down of the principal was occurring in the first few years of the mortgage because of amortization. It was the beginning of the age of moving more frequently for jobs, which meant less equity build up as each house sale cycle robbed them of that benefit of wealth, arguable the most valuable investment asset of the working class.
Median home price to median household income ratio This ratio is a key indicator of housing affordability
I appreciate you doing and sharing that analysis.
I think we both agree that its difficult to do an absolute comparison on the home buying/owning experience between the Boomer era and today’s Millennials (or GenZ) simply because so many conditions are different. We didn’t talk about Stagflation or unemployment rate in 1982 being 10.8% compared to today’s 4.3%. I pointed out the interest rate being higher because most folks approach new information as “all else being equal” conditions. The audience already knew that housing price was less in the Boomer era, additional it was known that income was higher proportionally to living expenses than today’s Millennials (or GenZ), what I doubted was common knowledge was the sky high interest rates compared to today. Thats what I was communicating.
Lead pipes are less of an issue that it would seem, as the pipes quickly develop a layer of calcium salts on the inside, preventing the water from actually coming into contact with the lead.
This right here.
If people remember the lead in drinking water contamination in Flint Michigan, its because they had lead pipes that were well coated with the protective layers and had no trouble with lead in water. Then the newly elected city manager changed water sources to cut costs against the advice of the water engineers in the city. The other source of water was more acidic and stripped out all that protective coating and suddenly there’s huge amounts of lead in the drinking water from the pipes.
I guess it’s to be expected. Boomers were raised in pure bliss, spent half their lives relatively stress-free. Everything was easy and cheap. When you live an easy life, you get used to being dumb, uninformed and lazy. The same would have probably happened to all zoomers in the same situation.
I’m not a boomer, but this isn’t quite a fair characterization. Yes, they had cheap college, affordable cars, housing, lots of upward mobility that most of us would love to have today, but they lived through some shit too. Boomers were in their youth when humanity had its closest brush with global nuclear war when the bombers were in the air flying during the Cuban Missile Crisis. They lived everyday with a really good chance the world was going to end in nuclear war. They were the last generation to see a compulsory military draft and many know high school friends that were drafted and died in Vietnam. We think interest rates are bad these days making borrowing expensive. No shit they were having to get mortgages with a minimum of 18% and 19%:
This says nothing about the many racial and sexual discrimination issues that those groups faced making basic life even harder. In Canada it wasn’t until 1964 that a woman could open her own bank account without her husband’s consent. In the USA, redlining preventing people of color from buying homes in better areas denying them untold billions of dollars of generational wealth from real estate appreciation.
Absolutely give the out-of-touch boomers that are dismissive of the problems young people are facing today the shit boomers deserve. They did so much to harvest the benefits of the last century and leave the bill to the younger generations while simultaneously destroying environment for the later generations to thrive the way they did. Just don’t forget that each generation has its problems too and there hasn’t been a generation yet that has been entirely carefree.
The left begins at socialism.
If you’re talking about the political spectrum I would think the extreme far left would begin at anarchism and eventually graduate to socialism as you move farther right.
Creating electricity is surprisingly easy. Copper and Zinc were widely available for centuries before electricity and the only other item you need is an acid. Nitric acid was being made back in the 13th century. Arrange a copper bar and a zinc bar separated from one another with an insulator (glass, ceramic, or even wood) in a glass or ceramic jar. Pour in the acid submerging most of the bars with some expose above the acid. You now have a battery with the anode and cathode (positive and negative terminals) being the top of the bars.
Barely slightly more sophisticated batteries than this powered telegraph offices for powering Morse code sending keys.