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null_dot

@ null_dot @lemmy.dbzer0.com

Posts
14
Comments
2588
Joined
1 yr. ago

  • Megathread: Charlie Kirk Shot at Utah Valley University Event

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  • your statement which mentions that someone can « deserve to die » because of his political view opposed to your

    That's not what I said at all though, is it.

    Conservatives don't deserve to die, disingenuous manipulator recruiting young adults to fascism do.

    If all you see is someone debating asking to be proven wrong then you're a naive idiot.

  • Megathread: Charlie Kirk Shot at Utah Valley University Event

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  • I'm also not from the US. youre right we're living in fucked up times.

    At first, I was kind of sickened by the rhetoric in these threads too.

    The thing is, US legislative, executive, judiciary, and even the media, are all corrupt. There is no truth and no justice.

    This guy was profiting by engaging in a culture war, and manipulating anyone he could into signing up. He was recruiting people to an ideology intent on persecuting minorities.

    There are people celebrating in these threads, and it is sickening. However, I do believe that he deserved to die, and his death is much less sickening than the atrocities performed by the conservatives every day. If it were a time of war, we would've taken one of their generals. We are all lessened by it, but the world is undoubtedly better for it.

  • Too soon?

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  • Yeah I agree that it wouldn't have been easy on the kids. However, if dont think seeing a parent get shot, would be much different than having them die of cancer or anything else really.

    Certainly, the kids have my sympathy.

  • What do you call these?

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  • Power Adapter is too broad.

    If someone asked me for one I wouldn't know what they wanted. It could be an international adapter, or a DC power supply, or one of these things.

  • AI adoption rate is declining among large companies — US Census Bureau claims fewer businesses are using AI tools

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  • I dont have the hardware so I'm using "open web ui" to run queries on models accessible via huggingface API.

    Works really well. I haven't invested the time to understand how to use workspaces, which allow you to tune models, but aparently its doable.

  • A conundrum

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  • Read my other comments, explaining why people with negative equity often default on their mortgage.

  • A conundrum

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  • Who is more likely to default, a borrower with $100k equity, or a borrower with negative $100k equity?

  • Sam Altman Says He's Suddenly Worried Dead Internet Theory Is Coming True

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  • The internet is already an undead version of its former glory.

  • A conundrum

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  • What do you call it in Europe when someone stops making repayments on a loan ?

    Obviously, that's a thing.

  • A conundrum

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  • That's a good question actually.

    In Australia, some 60 years ago, banks wouldn't lend over 80% of the purchase price for a property.

    The federal government created a government department to provide lenders mortgage insurance. It wasn't a free government service, but a good example of the federal government stepping in to do something private enterprise wasn't able to.

    Since then of course that department has been privatised, like everything else, so private institutions provide that service now.

    There do remain some differences between LMI and just simply extra interest. Notably LMI is a once off payment, and it can be included in the loan.

    More recently, the Australian Federal Government has rolled out a scheme to pretty much abolish LMI. They're just going to guarantee the loans for free.

  • A conundrum

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  • Foreclosing is a very expensive process.

    If you borrow 100% of the purchase price and the bank has to foreclose they would incur a loss.

  • Age Verification Is A Windfall for Big Tech—And A Death Sentence For Smaller Platforms

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  • Very dramatic.

  • Age Verification Is A Windfall for Big Tech—And A Death Sentence For Smaller Platforms

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  • We do have "op shops" which are like a charity that sells clothes and toys that have been donated to them.

    We do buy a lot of stuff from these places, and visit almost every week. The thing is, the range of stuff is very limited. For example, they might have a dozen shirts for toddlers, all in different sizes, so at best you get one shirt.

    We dont really have "car boot" markets or flea markets here. We have farmers markets for fresh produce but not second hand items.

    We have a toy library where I volunteer once a month. This is an amazing resource and our kids always have different toys that are really well used by loads of kids. It really is great.

    The thing is, Toddlers grow quick, and they're pretty gross, so you have to change shirts several times a day. Realistically you need 12 shirts, which they will ruin or outgrown in a few months.

    On fb marketplace, any day of the week, there's people selling boxes of kids clothes for a few dollars, all the same size. Every few months you box up everything thats too small and pass it on to the next person. From a shop, the only other option, a box of 12 toddlers shirts would be maybe $60. Of course you get pants and undershirts and jackets and whatever. So youre saving several hundred dollars each time.

    If it were just a matter of going to some other place or using some other app then ofc I would do that, but fb market is the place parents sell their toddler clothes in my area.

  • A conundrum

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  • If you were in negative equity, you might choose to suck it up and pay.

    Statistically however, borrowers are much more likely to default when they're in negative equity, because quite obviously, there's an incentive to declare bankruptcy.

    If you owed a million dollars on a property that had been condemned and is only worth $50k, obviously you would declare bankruptcy. If the property was worth $400k you'd probably do the same. If the property was worth $800k you might do that, but you might choose to suck it up.

    My point is, negative equity is an incentive to default on the loan.

    Obviously, defaulting on mortgages is a thing. Obviously, people are much more likely to do so when they're in negative equity.

    This isn't something people do as a sophisticated well planned financial strategy. In a context of economic upheaval, declining property losses, usually because of unemployment, which usually causes family breakdowns.

  • A conundrum

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  • Correct.

    Less down payment means more risk and therefore more interest.

    Its pretty simple really.

  • A conundrum

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  • Sorry chief, you're just not picking up what I'm laying down.

    Of course you still owe the money, you're just much less likely to pay.

  • A conundrum

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  • Don't be daft.

    I'm not providing advice regarding what someone ought to do when they find themselves in negative equity.

    I'm explaining the requirement for buyers to start with a reasonable amount of equity.

    Once an owner falls into negative equity, they have an incentive to default on the loan. Yes there will be consequences, but the fact remains they will he weighing those consequences against the financial incentive to default.

    The "better off" in my comment is an impartial objective calculation.

  • A conundrum

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  • You're overthinking it.

    The loan history is not relevant. The $50k you paid is gone. Sunk costs fallacy and all that.

    A mortgage isn't a complicated shared equity situation.

    You owe the bank $650k and if you don't pay they will take the house worth $600k.

    Obviously if you default there will be legal problems and you're still on the hook for the last $50k and so on, but there's no incentive to keep paying. Like if you declare bankruptcy then you don't have to pay the $50k and you can start saving for a deposit on your next house for when the exclusion period expires.

  • A conundrum

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  • But how do they lease your deposit to billionaires and crypto exchanges?