tempsy

22 ms·

241.
by tempsy 3y ago
I think the general strategy is to build wealth in the US on a US salary and then move to a cheaper COL location elsewhere. Was in Europe this summer. Even if inflation is comparable or worse everything was still far cheaper than the US.
242.
by tempsy 3y ago
you won’t be able to comfortably afford a $1M house, which would be well below average in a coastal area where SWE jobs are mostly located, at today’s rates if you make $200k. Would be tight even on $300k.
243.
by tempsy 3y ago
if you don’t own a house yet and now staring at a mortgage at 7.5% instead of 2.5% you’re going to spend thousands more a month in interest as part of your mortgage payment, not accounting for home price appreciation since the low rates of
244.
by tempsy 3y ago
Not sure what this argument is for but there’s no such thing as a state property tax rate. Every county has their own rate. I was thinking of Chicago or Cook County which is 2.19% https://smartasset.com/taxes/cook-count
245.
by tempsy 3y ago
Depends on which state. Texas, Illinois, NJ have 2%+ property taxes so yes that would be $20k a year plus insurance and any HOA. Dual income is an entirely separate discussion from the financial impact of surging interest rates.
246.
by tempsy 3y ago
not sure what you’re saying is reasonable. a $1M house with a $800k mortgage would mean something like $8k monthly housing cost with property taxes and insurance included. If you made $200k gross and contributed to a retirement account you’
247.
by tempsy 3y ago
3+ bedroom, detached houses are not $300k-$400k in a good area of Chicago no
248.
by tempsy 3y ago
No it doesn’t. Feel free to look at new listings for detached houses in central Chicago right now with 3+ bedrooms and tell me there’s more $500k listings than >$1M ones
249.
by tempsy 3y ago
Software engineers tend to live in higher cost areas where $1M would be below average. If you live in a median cost of living area $1M would get you a decent, but not amazing, house in a good school district, which is another thing a softwa
250.
by tempsy 3y ago
It’s not just inflation it’s interest rates that has a massive impact on anyone who does not already own a house. A $1M house with a $800k mortgage at 2.5% rates was $3161 a month At 7.5% rates today it’s $5594
251.
by tempsy 3y ago
No it doesn’t, especially if you want to buy a house. It isn’t just inflation that is the issue, it’s interest rates. If you make $200k gross and put money into a 401k, you’ll net about $120k or $10k a month depending on state income taxes.
252.
by tempsy 3y ago
it's more stain resistant but it's an unnatural engineered material.
253.
by tempsy 3y ago
the only people who will buy these are creeps who want to secretly record other people in public
254.
by tempsy 3y ago
Bizarre logical reasoning. So because no one has completed a 100 year study on a powerful drug the default should be to feel safe using it long term instead of not using it? And no there's plenty of anecdotal evidence from long term us
255.
by tempsy 3y ago
quartz countertops are popular because they are cheaper than other types of countertops while looking expensive. this is like the Shein of counters. wealthy people probably use natural stone.
256.
by tempsy 3y ago
I'm not claiming I know the long term negative side effects on MDMA use, but like any powerful drug why would I not suspect something that floods your brain with serotonin would not end up in a situation where your brain anticipates th
257.
by tempsy 3y ago
so you'd have no problem recommending indefinite weekly use of MDMA because in your mind no one has proven there's long term negative side effects?
258.
by tempsy 3y ago
...in your mind frequent long term use of MDMA has no negative long term side effects?
259.
by tempsy 3y ago
That is one study from 2002. There's dozens of more recent studies on this subject. By neurotoxicity the question is does frequent use of MDMA make it more difficult for your brain to produce serotonin? Research and anecdotal evidence
260.
by tempsy 3y ago
on 5-HTP the general guideline is to not take it within 24 hours of using MDMA. likely to do with avoiding serotonin syndrome. https://rollsafe.org/mdma-supplements/?_ga=2.33100862.187361...
261.
by tempsy 3y ago
Because MDMA is highly neurotoxic if you're not careful with supplementation and do it too often? General rule of thumb is to not even do it more than 1x-2x a year. Even then most people say that it doesn't feel as good over time.
262.
by tempsy 3y ago
Investors cannot magically make rentals profitable at these prices and interest rates.
263.
by tempsy 3y ago
Is the problem really just boomers who have rented long term and never bought? Even if you own you could be forced to sell your house if you can't afford the property taxes and maintenance costs associated with your home, especially in
264.
by tempsy 3y ago
it's completed. service is starting today.
265.
by tempsy 3y ago
Because you don't have to deal with flight delays, TSA, cost of travel/uber/taxi to/from the airport? I don't really think this route is going to be business travel heavy either way. This will almost certainly be a
266.
by tempsy 3y ago
I’m mostly interested in forced resignations due to not wanting to RTO. The flip side is impact to “zoom towns” that were booming with remote workers and whether a bunch of new listings from RTO workers will drag certain housing markets low
267.
by tempsy 3y ago
we've been in ZIRP for nearly 20 years so yes it's quite different right now
268.
by tempsy 3y ago
Investors paying 8% can’t make the math work either.
269.
by tempsy 3y ago
Canada’s housing market is much more vulnerable to “popping” than the US because everyone’s mortgage rate resets every 5 years. Let me know what happens to prices when everyone has to pay 8% soon.
270.
by tempsy 3y ago
housing is expensive in coastal metros in 95% of the country you can buy a house for under $400k.

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