genwin

11 ms·

61.
by genwin 12y ago
How has it done over 10 years? And that's with mega gov't help.
62.
by genwin 12y ago
Yes, a diversified investment portfolio could perform like that in the past, when the gov't wasn't minimizing interest rates. Nowadays only with much greater risk of loss of principal.
63.
by genwin 12y ago
Agreed on never. I recommend house debt, where there isn't enough cash and there's no obvious bubble, only because houses are almost sure to appreciate given inevitable population growth.
64.
by genwin 12y ago
Yep. In the US, if we could get a viable 3rd party we could maybe get campaign finance reform. Until then there is no chance of it.
65.
by genwin 12y ago
You're describing instant run-off voting.
66.
by genwin 12y ago
> the government is corrupt, incompetent and beholden to interest groups Which in turn is because of the 2-party oligopoly. Instant run-off voting, to give 3rd parties a viable chance of winning, is part of the solution.
67.
by genwin 12y ago
You had luck on your side though. Not everyone does.
68.
by genwin 12y ago
But nowadays the only way your investment income will pay for your expenses is if you were rich to start with, or you take the risk of losing a big percentage of your money to earn more than 3% interest.
69.
by genwin 12y ago
With bank interest rates at < 1%, having $2 million in the bank earns < $20K/yr. He must be rich or ultra frugal.
70.
by genwin 12y ago
Current biggest reason is likely that mortgage interest rates are being minimized by gov't so that banks can unload the houses they're holding at higher prices. When house prices rise, rents tend to as well.
71.
by genwin 12y ago
> I customarily travel with private insurance ... The insurance company denied reimbursement for elective medical treatment. Direct quote: You could have elected to leave it in your eye. Sounds like your private insurance will never pay
72.
by genwin 12y ago
Seems people tend to conflate the price of admission with desirability. There are plenty of reasons why rents can rise much faster than inflation, other than desirability increasing.
73.
by genwin 12y ago
Good analysis. Big difference is in the middle-tier city you're buying the house at say $1K / month mortgage, rather than renting. And your house is 2000 sq. ft. with a yard and garage, instead of a 1 bedroom apartment. Less dispo
74.
by genwin 12y ago
I was offered $150K for an SFO job a long time ago, but didn't consider it because at the time a 3-bedroom house next to a freeway was $900K. Now that house would be north of $2 million.
75.
by genwin 12y ago
I stopped short of mentioning that. It's harder for them to get into Vancouver now, with a change in immigration law there. I think the ones who would've picked Vancouver now tend to settle on Seattle, willing to pay the same $mil
76.
by genwin 12y ago
Geez. Hard to believe that SFO experience trumps making $70K/yr in a middle-tier city, living in your own house and paying less for its mortgage.
77.
by genwin 12y ago
If you plan to stay in Bellevue long term, buy as soon as possible. The Seattle area's population is growing rapidly (mostly immigration it seems) and the cranes aren't keeping up.
78.
by genwin 12y ago
And be sure to get a big raise every year, to cover your 25% annual rent increase.
79.
by genwin 12y ago
Do coders (like at Twitter) typically make over $200K/yr? Or do they just eat ramen every day?
80.
by genwin 12y ago
I like this thinking! Like dropping a beach ball into a swimming pool.
81.
by genwin 12y ago
They're terrorists, because someone in authority thought so, and that's all it takes nowadays. No way will they be allowed in the U.S. except delivered in handcuffs to a long solitary confinement.
82.
by genwin 12y ago
Your life would be crap in a hurry if you couldn't depend on laws being enforceable.
83.
by genwin 12y ago
> Wu recalls that one of his 20-something co-workers became the mistress of a wealthy, middle-aged man. "One day she quit the job. The man was a public servant, working for a government agency." At first, sounds like she was fo
84.
by genwin 12y ago
But no one in the article demanded to be employed.
85.
by genwin 12y ago
State law trumps this. It's not stealing to expect a company to adhere to the law in terms of employment and pay.
86.
by genwin 12y ago
I suggest you buy that next house now. That $185K could become $300K in a hurry. House prices in my area are up by about 50% in 2 years and accelerating. This is partly due to hedge funds buying up houses to rent them out. They'll like
87.
by genwin 12y ago
Boulder's not cheap. There I saw an ordinary split-level house for sale at $1.5 million. 10 miles away, closer to Denver, the same house could be $300K.
88.
by genwin 12y ago
Good points. The lifestyle I'd want for my kids would be more resources available per kid (whether they use them or not) and less effort expended to attain a resource, not the current situation where there are ever less resources that
89.
by genwin 12y ago
> And the US population isn't fast growing, its projected to reach 438 million by 2050. That's fast growing to me.
90.
by genwin 12y ago
> Would you rather be counted amount the attrition? Do I have a choice?

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