muzz

67 ms·

781.
by muzz 13y ago
Yes, agreed.
782.
by muzz 13y ago
usually by not necessarily-- the cost of construction can (and often does) go up, due to things like higher labor costs, material costs, etc. of course, it could go down due to better technology but the general trend seems to be up.
783.
by muzz 13y ago
Property taxes in Austin are roughly 3% of the current value. If your monthly rent is 0.4% of current value, then over 12 months you'd pay a total of 4.8% of current value. So more than half (3 / 4.8) ie most of your rent paid wou
784.
by muzz 13y ago
> No one knew what to do with broadband before VoD and digital delivery (Steam, GoG, app stores, etc.) came along, and we're only a few years into widespread adoption of those technologies Napster, then other file-sharing services (
785.
by muzz 13y ago
The more salient part is the broken clock. CalculatedRisk changed his opinion as the facts changed (he is data-driven, and one of the best blogs out there). Patrick.net has essentially been a perma-bear on real estate. While that view was
786.
by muzz 13y ago
#7 is the Shadow Inventory Myth. Completely unfounded rumors were spread in 2009,2010, etc that banks had a huge backlog of foreclosures that they were keeping off of the market. Completely baseless however.
787.
by muzz 13y ago
The top for interest rates was in ~1982. Not sure how anyone can try to time macro trends that have happened on 30-year time scales.
788.
by muzz 13y ago
The savings part sounds like advice from Mr. Money Mustache, there was discussion about his advice here before. "Never borrow money" would include never having a mortgage, which would be a huge lost opportunity for many. Not to m
789.
by muzz 13y ago
he clearly qualifies it for "when things go wrong", so the suggestion is more like some kind of insurance in case that happens
790.
by muzz 13y ago
well yes, but it should be too hard to replace "401k" with whatever tax-advantaged retirement program is available
791.
by muzz 13y ago
Property Tax did collapse, and from 1960 to 1980. http://www.freep.com/graphics/financial-history/detroit-bank... This begets the downward circle the article refers to, i.e., that because of lower property tax r
792.
by muzz 13y ago
I agree this is the main take-away from the piece. The tax base has just collapsed. Surely there was some mismanagement, but even without that they would still be in trouble.
793.
Report Suggests Nearly Half of U.S. Jobs Are Vulnerable to Computerization(technologyreview.com)
66 points by muzz 13y ago|60 comments
794.
by muzz 13y ago
Not necessarily. Zynga came public at about the same valuation as its last round, so that's not always the case. One of the criticisms of SarBox is that companies go public much later in their maturity, so public investors miss out on
795.
by muzz 13y ago
Yes, big suppliers do have "skin in the game" and also big companies have long relationships with big suppliers. Many have Approved Vendor Lists and to do business with them you have to be approved first.
796.
by muzz 13y ago
The graphic they used shows the Bronze plan is $122 per employee per month. That's far, far cheaper that I had been lead to believe, from some of the articles written about the subject.
797.
by muzz 13y ago
A more reputable data source is here: http://kaiserfamilyfoundation.files.wordpress.com/2013/09/ea...
798.
by muzz 13y ago
Government now makes laws? Stop the presses! ... No one is ever forced to borrow any kind of student loan. Using language like "debt slavery" is really over the top
799.
by muzz 13y ago
40% of UC Berkeley undergrads pay no tuition [1] These conspiracy theories are really interesting, especially in light of the facts. [1] http://newscenter.berkeley.edu/2013/04/18/campus-announces-2...
800.
by muzz 13y ago
Not sure why you'd think that at all
801.
by muzz 13y ago
The government insured those loans before AND after the change. It was on the hook for loan losses before and after. The indirect effects are MASSIVE BENEFITS for taxpayers, not losses. College graduates have lifetime income of $1M+
802.
by muzz 13y ago
You are not contradicting my post. The savings of $70B comes from eliminating a profit layer that was enjoyed by the banks. The government insured the loans before and after the change in 2010. So the taxpayer was on the hook for losse
803.
by muzz 13y ago
College tuition sticker price has gone up a lot. The actual amount that students pay hasn't gone up as much. A half-decade ago, Stanford waived tuition for students from families of income less than $100k [1]. Median household inco
804.
by muzz 13y ago
1. Government profits from student loans. I.e., it does not subsidize them as a whole-- rather, it makes money off them. 2. In theory, colleges compete on cost as well as other factors. There exist private colleges and even for-profit pri
805.
by muzz 13y ago
Private student loans are generally non-dischargeable in bankruptcy also, as they typically meet Section 221(d)(1) requirements.
806.
by muzz 13y ago
Agreed. Article in San Jose Mercury News just yesterday: http://www.mercurynews.com/education/ci_24041125/profit-coll... The good news: "Last year California cut from its tuition aid program more than 130 pr
807.
by muzz 13y ago
Those affect government loans, not the private ones which are the subject of the posted article. The loans issued by JP Morgan do not have their rate capped; indeed they float and are indexed to LIBOR.
808.
by muzz 13y ago
Well yes you have to pay it back before the end of your lifetime. WSJ had article on student debt recently, with lots of data. Median debt load was 18-19k USD [1] If it were all via Federal Stafford loan, the interest rate would be 3.9%.
809.
by muzz 13y ago
No, JP Morgan is NOT a middleman. These were cut out in 2010, and JP Morgan is lending directly now. Their loans are not subsidized nor backed by taxpayer money, and they are free to decide to stop lending, which is what appears to be happe
810.
by muzz 13y ago
What "government policies" are you talking about?

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