Here is another:

Human beings may not be perfect, but a computer program with language synthesis is hardly the answer to the world’s problems.

-JC Denton

Someone on here posted the dialogue from a conversation with an NSF “terrorist” from the game and I initially thought it was a pretty reasonable assessment of modern society and its problems. It was only when I read the comments that someone pointed out that the post was quoted verbatim from the game. Need to see if I can find that post…

!wewantplates@midwest.social

I’ve seen it before, but it’s a good one

They serve “local IPA” on draft for $11 or, ironically, a miller high life for a dollar.

Except when OP is making breaking bad references

I don’t think the government should control the price. That just leads to problems. The government should control supply, by changing zoning laws from single family to multi-family. It should also fund building new housing units that can be sold or rented. This is how Singapore solved its housing crisis. We should build denser. There is no reason to have a housing shortage in America when we have so much land. We just use it terribly.

I mean, it’s more than that though. You could sell the property at a loss or have it foreclosed on. Selling incurs fees of roughly 6-8% of the selling price… so, even if you sell it for what you bought it for, you could still be in the red. You might walk away $100ks in debt.

You can be jealous of people in that position of having multiple properties all you want, but ask yourself if you were in their position whether you would somehow respond differently to the incentives and risks?

If you had enough money to buy multiple properties what would you do?

People do this, it’s called “refi and roll.” The idea is to find properties that pay more in rent than they cost to upkeep.

I agree there is a problem where people that rent and want to own can’t because of affordability. However, renting is less risky. Renters aren’t on the hook for major problems with a property. Imagine a leak goes undiscovered and causes major damage and mold to your apartment. What do you do as a renter? You move out, find a new place, and maybe even sue your landlord for damages and health impact.

What does your landlord do? Try to find enough money to cover the repairs, vacancy, and hire a lawyer.

Let’s not act like renting isn’t without its benefits. I think the factor most people overlook when they think about owning property is RISK. Risk means you could lose something or be liable. Renters have limited risk. If you’re taking on risk, you should be rewarded for it, otherwise you wouldn’t do it. Also, the reward is supposed to make you resilient to risks materializing. If the reward isn’t big enough, then when a risk materializes into a real problem, you won’t have enough capital to recover from it and you’ll go bankrupt.

Whenever I do the math on buying a multi-family, I find you’d either not be breaking even or barely breaking even with the mortgage, insurance, and taxes by charging market rent. The current landlord is basically claiming future rents as his own when he sets the asking price at level that takes all of the current market rent price for himself.

If you buy the property and want to have enough to do repairs / renovations and cover unexpected risks like tenants that can’t pay and won’t leave, you HAVE to go up on rent, otherwise you will go broke and lose the property.

Maybe there was a golden age when being a landlord meant instant cash flow and money making opportunities, but I find most of the stuff on the market today are just people looking to cash out all future value in the property and assuming the next landlord will basically just jack up rent to cope with the high cost of that cash out.

Being a landlord is pretty risky. You could end up with a bad tenant that ruins your property or won’t pay and won’t leave. You also are responsible for costly repairs and renovations that can have long breakeven timelines. You have to cover that cost some how, and that is by charging rent. Who would assume that risk without a reward?

The ones that never left their hometown

It’s sad. Google basically owns the internet

That’s illegal in many places. Illegal to be on a roadside, illegal to kill yourself.

I thought the point of this post is that the kids are wearing it again these days?

Honestly I see teenagers in my town and they just look the same as teenagers did 20 years ago. I feel like styles are staying the same.

Yeah, basically

https://thebolditalic.com/hacked-prius-running-on-muni-power-lines-the-bold-italic-san-francisco-80cdbe55d68e

And San Francisco, some guy once modified his Prius to attach to the lines and give him free power to get around.