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null_dot

@ null_dot @lemmy.dbzer0.com

Posts
14
Comments
2588
Joined
1 yr. ago

  • A conundrum

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  • They need you deposit that down payment cash ASAP so they can lease it to billionaires and crypto exchanges.

    No, this is patently false and borne of a misunderstanding. Idiocy.

    When providing a mortgage, how does a bank get money to lease to billionaires and crypto exchanges?

  • A conundrum

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  • as in the subject of this post, yes.

  • A conundrum

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  • I'm not sure if you've really understood the dynamic.

    Suppose you buy for $700k, pay off $50k, but then the market collapses and the property is only worth $600k.

    You'll be $50k better off if you just stop paying and let the bank foreclose.

  • A conundrum

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  • The deposit is not to prove you can make the repayments.

    Housing markets do, occasionally, go backwards in value.

    If you have a loan for a house which is more than the value of the house you would have an incentive to just stop paying.

    Thats why the bank needs a buffer, in the form of a deposit. Its not really nefarious.

  • A conundrum

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  • Idiocy.

    The bank doesn't get the down payment. The person selling the house does.

    You pay that person the down payment, and the bank pays them the rest.

    Honestly there's loads of great reasons to hate banks but lots keep it real and avoid making up nonsense.

  • A conundrum

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  • Interest is not intended to offset risk?

    Interest provides a return on capital.

    If you have $1 youre not using you might let someone else use it if they incentivise you by giving you an interest in their need.

    If you give $1 to 100 different people you might increase the rate for some of them to offset your additional risk, but thats not the purpose of Interest.

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

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  • Well, sure ok it's "avoidable" in the sense that I'm not forced to engage with facebook or any other company or platform.

    However, the imposition on my daily functioning and ability to interact with my peers would be severely disaffected.

    If there's a group of a dozen people that I know in person who are interacting on whats app, then if I want to interact with them I need to use whats app.

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

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

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  • I'm so excited for you to tell me how you think the Web works.

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  • We're really not.

    We live in a regional area, so the math is different.

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

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  • Ah, we dont really have school shootings here.

  • Would you retire at 30 and live frugally?

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  • LOL. Not really.

    Have a nice life chief.

    Make an origami crane for me or something.

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

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  • No, it's not.

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

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  • Not really. I use my tech for both.

    How does that matter?

    Logging in to fb marketplace in a containered tab isn't a big deal.

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  • I'm biased. 42 when we had our first kids, twins.

    Depends on your guy and your circumstances.

    Being more settled (having more money) as an older parent is a huge advantage.

    I had 6 months off work during our pregnancy just to do all the things (complex pregnancy). My partner hasn't worked since she fell pregnant.

    We had 2 au pairs for the first 6 months to help out.

    I just generally have more dad time than other guys. For example, i almost always drop our kids at day care and pick them up after, on my e-bike. I very, very rarely see any other dads there. At fathers day afternoon tea there were me and 2 other dads...

    We've recently made down payments on an apartment for each of them. They will be paid off by the time they're ready for uni.

    We're not wealthy, just more settled in our 40s.

    Other dads in their 20s might have more hair than me and I'm sure some dads are just cooler than me, but I dont think there's any real risk my kids will be disadvantaged in any way.

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  • LOL. Do you really think 65 year olds can't ask their kids what they want to play with?

    Parents of any age can be dickheads.

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

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  • LOL. Settle down mate.

    You can call me names if it makes you feel better.

    I couldn't care less if fb knows I'm selling toddler clothes.

    I, and everyone else who is not 15, will continue selling my junk on facebook.

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

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  • Not really. I engage in my business to make money, not to fly the privacy & freedom flag.

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

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  • I think everyone feels that way. All you can do is just try to stick to the bits you really need.

    I would def think about paying someone to manage your business page.