arrow74
@arrow74@lemmy.zip
- Comment on A conundrum 2 weeks ago:
Once again everyone knows that is debt. Of course it is debt.
It just so happens to be the lowest interest form of debt you can take and even when added with an existing mortgage payment ia still insanely cheaper than comparable rents for the same property.
My statement is “yes homes have maintenance and that can come at unexpected costs. However you can access low interest debt if you need to. And even if you do you’ll still pay less than renting a comparable property for the same amount of time”
Please consider the whole and dont just take snippets out of context. Homes come with costs, still way cheaper than renting. You don’t have to take out a loan for home maintenance. You can, but you don’t have to.
- Comment on A conundrum 2 weeks ago:
I never said it was free and I never said it wasn’t a debt. Like obviously it is a debt, anyone that reads “tapping into home equity” as meaning free money doesn’t understand basic finance.
It doesn’t have to extend your mortgage. You can take it out as a second line of credit as an additional loan to pay back monthly. Obviously the ideal would be to have the savings to cover necessary home repairs, but if you don’t this is typically the cheapest way to get a loan to do necessary maintenance.
Sounds like your sister used her equity to refinance her loan and recieved a payout for the difference. That’s going to restart your mortgage and is probably not the best way to go about accessing home equity.
So yeah don’t take on reckless debt you can’t payback. You can responsibly use your home equity for maintenance if you need to though.
- Comment on A conundrum 2 weeks ago:
I personally grew up quite impoverished and me and my wife did manage to get our home in medium COL area. We don’t have exceptionally high paying jobs nor did we have any help from our families. We just made a lot of effort to build our credit. We’re also not old at all under 30 to not dox myself too much.
A lot of people simply have some wrong assumptions about the amount needed to get a loan. We put down 3%, sure we didn’t get the most competitive rate and our payment is higher, but it worked out to the cost of our then comparable rent. There’s quite a few federal programs that ensure the opportunity for a low downpayment mortgage for first time homeowners.
- Comment on A conundrum 2 weeks ago:
I always find this to be such a poor argument.
Yes unexpected maintenance can sometimes be a huge problem, especially in the first couple of years, but after that you can tap into home equity and repair say a roof. Everything else while expensive is still cheaper than renting. Using the OP’s example 1k vs 500, I can assure you you will never have consistent 500 repairs per month.
As for the taxes my city nearly went ballistic when the city increase the rate by 5%. At the end of the year it costed me $200. Per month that’s about $16. I’ve never lived in any apartment anywhere where rent didn’t increase by at least $50 per month each year. Even if someone had a home twice as valuable that’s still a very small monthly cost.
Additional once you get past the first 3ish years rent prices have greatly outpaced your mortgage and you will be saving a lot of money compared to of you were renting.
I’d like to wrap up with a question. If owning a home was such a sink of resources why do people become landlords?
- Comment on Step 1: Delete 2 weeks ago:
I worked at a pet store back in college and this old lady would sometimes come in and load 2 carts top to bottom with temptations. She said it was the only “food” her cat would eat. I tried to tell her it wasn’t food, but no luck.
I wonder if her situation started in a similar way to your story.
- Comment on ISO 26300 2 weeks ago:
At least for school assignments this is easily fixed by just opening it yourself in the school library and adjusting format. It’s usually pretty minor.
Honestly most of my professors accepted papers saved as pdfs which was helpful too
- Comment on The duality of man 2 weeks ago:
Yes it is, the “reality” for 100 years ago was a lie.
Literally 100 years ago was the great depression. The side was “workers should be able to eat” versus “the workers shouldn’t have rights”
Fast forward 40 years and it was “it’s okay to sit next to black people” vs. “Races should not mix and any attempt to do so should be met with extreme violence”
- Comment on holup 2 weeks ago:
If it makes you feel better this would be an unliveable he’ll hole without AC. The American south is no joke.
- Comment on holup 3 weeks ago:
I just turn the air down 2 degrees
- Comment on 🦈🦈🦈 3 weeks ago:
Graded on a curve
- Comment on Computer Science, a popular college major, has one of the highest unemployment rates 4 weeks ago:
Depends on the subfield. Archaeology is in high demand due to historic preservation laws.
But yeah capping out is annoying, but also common in a lot of fields.
- Comment on Computer Science, a popular college major, has one of the highest unemployment rates 4 weeks ago:
There’s a lot of jobs in the private and public sector for people with anthropology degrees. In the US, anthropology is taught as a four field approach encompassing Biological Anthropology, Cultural Anthropology, Linguistic Anthropology, and Archaeology.
Each of the subfields have different levels of hireability based on a bachelor’s degree.
I personally only have a bachelor’s and live well. I have a home and live comfortably. But, to your point, I have essentially capped out my earnings. I can’t make more without obtaining a graduate degree.
- Comment on Why do i tip my bartender $2 per drink and per bar food order but 20% when I order food from a waitress? Am I tipping wrong? 4 weeks ago:
I have my doubts on if they’ve ever worked a job.
- Comment on Why do i tip my bartender $2 per drink and per bar food order but 20% when I order food from a waitress? Am I tipping wrong? 4 weeks ago:
No, it’s not. When people use the term “unskilled” for jobs it doesn’t mean “you literally have to have zero skills, not even the ability to user your hands, to do it” - it means you only need a limited skill set and is a job that has minimal economic value. Essentially it’s a job that anyone at any stage could walk into and be able to do with minimal training.
That has always been how the skilled/unskilled labor gap has been broken up.
You’ve bought the lie they’ve been telling forever. Every person that goes to work is performing skilled labor. The only thing we do that doesn’t take any skill is being born rich.
Rich assholes that do nothing other than “invest” into a buisness. Every dime made from there is off the backs of working folks. Without our skills the wealthy would be poor.
- Comment on Why do i tip my bartender $2 per drink and per bar food order but 20% when I order food from a waitress? Am I tipping wrong? 4 weeks ago:
The minimum wage when it was instituted was designed to represent the minimum wage needed for a single worked to support a family.
Additionally all labor is skilled labor. You either need school or experience to perform a job. I can drop a highly educated neurosurgeon into a restaurant. Without instructions they will fail at the job.
Anyway, all labor deserves a living wage. If you work a full week you should be able to support yourself comfortably.
- Comment on Computer Science, a popular college major, has one of the highest unemployment rates 4 weeks ago:
This explains why people gave me a hard time for getting an anthropology degree…
- Comment on Just a reminder that our planet is currently the coolest it will ever be in our, and our children's lifetimes. 5 weeks ago:
If you’re going to take an “exit plan” there are a lotnof revolutionary ways to go about it
- Comment on YSK that despite being outside of US jurisdiction, Lego has dropped diversity and inclusion terminology from its annual report 5 weeks ago:
Also some people no matter how intelligent just can’t fully grasp a new language. They can become functionally fluent but never academically perfect
- Comment on YSK that despite being outside of US jurisdiction, Lego has dropped diversity and inclusion terminology from its annual report 5 weeks ago:
You can spend 200 years listening to a language, but if you dint try to understand it you never will
- Comment on As electric bills rise, evidence mounts that data centers share blame. States feel pressure to act 1 month ago:
My city owns all our utilities. Works the same, arguably more reliable
- Comment on As electric bills rise, evidence mounts that data centers share blame. States feel pressure to act 1 month ago:
This isn’t a choice issue. It should be state owned and operated in a non-profit capacity, and everyone should pay their fair share.
- Comment on Diabetes patient produces own insulin after gene-edited cell transplant – without anti-rejection drugs 1 month ago:
Huge news for diabetes, but I’m more excited about the potential applications this type of treatment has. So many possibilities
- Comment on Popup Ads in Your Pickup Truck? RAM Trucks Now Feature Scammy Ads on the Center Display 1 month ago:
Back at the office:
So it seems people don’t like ads on their vibratory which means they are viewing them. Let’s wait a couple of years for the anger to die down then do it again.
- Comment on One Angry Man 1 month ago:
Hole
- Comment on Spotify fans threaten to return to piracy as music streamer introduces new face-scanning age checks in the UK 1 month ago:
The effect is still the same these companies are given access to my personal information because the government wants to monitor our activity online
- Comment on Rule34 blocked the UK entirely rather than comply due to the new law. 1 month ago:
Exactly, I’d argue kids are the most likely to go to lengths to circumvent the rules
- Comment on Rule34 blocked the UK entirely rather than comply due to the new law. 1 month ago:
Forget tax havens, eventually some countries will probably become content havens and sell server space hosted there. Probably some carribean island
- Comment on I feel like it was on purpose 1 month ago:
And here I am going to get a MA in Archaeology lol.
It’ll work out hopefully. I have been gainfully employed in the field off of just my BA, but Trump has basically ruined that job
- Comment on The night water 2 months ago:
My only hope for the future is that younger generations seem to not care about “political dynasties”. I’ll never understand the boomers obsession with ensure one family keeps power for generations. It doesn’t make sense
- Comment on Lost dog 2 months ago:
Could it happen, maybe. Did it happen, unlikely but possible.