Viewing profile — pyoung

They provide free data-only sim cards. And you used to be able to sync all of your texts and calls in the hangout app, but they got rid of that. The last time I tried syncing the M…

I think they just load up on debt, so they aren't really buying it with their money. But what I don't understand is how they get people to loan them money when they know that they …

As a "forever renter" here are some of my thoughts on where things are headed (at least in the bay area, although some of this applies nationally). 1. The housing market is very th…

I know plenty of millennial homeowners that would not be able to afford todays prices at current interest rates. They bought before the covid bump (or earlier) and could barely aff…

The house-price-to-income ratio has been historically high these last 1-2 decades, which will result in interest rates playing a bigger role in prices than they have in the past. E…

I get what you are saying, but I think interest rates have a broader impact beyond just monthly payments. Real estate investors will start getting squeezed for example, so demand w…

I agree with the others on this thread. You can't cash out unless you move out of the area or you downsize. And I may be wrong on this, but unlike CA (prop 13), your property taxes…

Anecdote, but my wife and I dropped out of the market recently and rented instead. The rent was 30-40% cheaper than a mortgage would have been on a similar place (including taxes, …

Most CA utilities have low income programs[1]. On top of that, most rate plans are 'progressive' in that they charge more the more you use[2]. [1] https://www.pge.com/care [2] http…

Perhaps I should clarify what I mean by rolling stop. The behavior I see is probably better described as a yield. The car will slow down, to 5-10 mph at the stop sign before accele…

Anecdote, but if you hang out in the central/outer sunset neighborhood in SF, you will see this behavior. Tons of stop signs with limited access to thoroughfares in a quiet low-tra…

You should look into an e-bike conversion. I do 14 miles a day, and just added a kit to my bike for about ~$500. For an extra 100-200 you can probably get a kit that covers 30 mile…

> Most debt is fixed-rate While technically true, the term of the loan matters. The government (and most companies that issue bonds) have revolving debt. I.e. they are continuously…

As an example (real-world) a seller turned down a few early under-list-price cash offers, and eventually got an at-list offer from a mortgage buyer. But the buyer ended up having t…

I mentioned this elsewhere, but 'closing certainty' is a real concern in the real estate market, to the point where many sellers will take a lower offer price in favor of a cash bu…

Right, but if the point is to increase liquidity, the low hanging fruit is mortgage backed purchases. Homeowners will often take a smaller offer price in favor of cash because the …

Not sure why you are getting downvoted, as this is the best solution that I have seen so far. Even in the Bay Area, 500k salary is an outlier, and the op can easily afford to hire …

The OP is saying 'there are icebergs ahead', and you are saying 'lol, nothing to worry about, we are moving at record speed!'. The recent market volatility has more to do with the …

Think tanks are basically lobbyist/pr firms in disguise. While I am not necessarily disagreeing with your main point, I don't think this particular incident is all that controversi…

If you plan for a 20 year retirement, but live an extra 10-20 years and run out of money, that is a pretty significant downside. Another advantage of retirement policies that can t…

Just a random guess, but they may have been hunting for a self-incriminating admission of drunk driving. I got pulled over for speeding once, and the first thing the cop asked was …

> if the NFP comes out about X we sell, if it comes out below X we buy The stock market works on supply and demand. For every seller, there needs to be a buyer. Let's assume that T…

Not 100% on this, but I don't think you can use a cc to buy lotto tickets.

Yeah, the author didn't quite connect the dots, but the general point was there. 'Craft Brewery economics' are really interesting. The margin on beer sold out of the brewery taproo…