111–120 of 127 posts
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> Now, as a thought exercise: who do you think subsidizes VCs? Everyone who pays taxes on non-capital income.
How does the money get from taxes to VCs?
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No you could literally lease it from uber and work 20h a week at uber and 20h a week at lyft in it.
No, you can't. You can lease it from uber and drive 40h/week for uber and 60h/week from Lyft, but even that is a stretch. When you lease from a ridesharing company you are committing to that ridesharing company.
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A house would have to be staggeringly overpriced for a 1% fixed loan with no down and no points to not make sense. Especially if they qualified for a prime rate. Hell, if I had that loan available I would totally take it and run with it.
Well, 1% loans never existed. They were just teaser rates. After a time period (say, 3 years), it would reset to awful ARM rates that the borrower couldn't possibly afford. The loan agent: "No problem, just refi before then."
IIRC you can't refi if your house value has dropped below your equity in it, meaning those people didn't really have a choice.
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Taxi style use generally qualifies for shorter oil change intervals. Including that in the lease probably helps the vehicles stay maintained and resellable.
Naaah, that depends on quality of oil (and of course characteristics of the engine), as hinted it is a long standing dispute. A number of people (particularly in the US, but not only) change their oil every 3-5,000 miles for reasons like: - my father always changed oil every 3,000 (or 4,000 or 5,000) miles - a friend of mine who races changes it every 2,500 miles so changing it every double that is appropriate - the…
There's an even bigger reason it worked like that for so long. Car companies (American car companies) would print in their US manuals that you should change the oil every 3-5,000 miles, while printing in their European manuals - for the exact same car - that the oil change should be every 10,000 miles. I believe this was brought up on Car Talk once, for example. And they even went into a discussion of how it wasn't a units conversion problem - that the kilometers listed in the EU manual were equal to 10,000 miles, not that someone had just switched the units accidentally, etc.
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Yet another example of VC ending up subsidizing America. We could just cut out the middleperson and go to basic income paid for by VCs.
Now, as a thought exercise: who do you think subsidizes VCs? (I.e. who are the biggest LPs) For people who don't want to look it up... Some of the biggest are pension funds! It's not just high net worth individuals or companies, it's also mom & pop retirement funds. https://www.quora.com/Who-are-the-biggest-investors-limited-...
From 2009: >Banks have $96trillion in assets, investment funes hold $22trillion, insurance firms have $21trillion and pension funds $19 trillion.
http://www.wealthmanagement.com/blog/fun-fact-day-know-and-t...
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Now, as a thought exercise: who do you think subsidizes VCs? (I.e. who are the biggest LPs) For people who don't want to look it up... Some of the biggest are pension funds! It's not just high net worth individuals or companies, it's also mom & pop retirement funds. https://www.quora.com/Who-are-the-biggest-investors-limited-...
>Now, as a thought exercise: who do you think subsidizes VCs? (I.e. who are the biggest LPs) The Fed, with their policy of Quantitative Easing over the past 5 years.
All three rounds of QE in the USA focused on mortgage-backed securities and Treasury securities. Are you suggesting there were a bunch of VCs who were neck deep in the MBS or CDS/CDO rackets in the mid 00's?
See https://en.wikipedia.org/wiki/Quantitative_easing#US_QE1.2C_...
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So apparently it's the passengers who benefited in the end? That is, if the drivers who put lots of miles on the cars didn't make much off it, this was an indirect way of subsidizing lower rates.
Yup. Most of the story of ridesharing (and the sharing economy in general) is a massive shift of profit out of the hands of monopoly rentiers (cabbies (or more accurately, medallion owners), hotel owners) and into the pockets of consumers. We're all paying much less for car rides than we were a few years ago, but the basic underlying cost of providing those rides has not changed much at all.
(Not literally me, I never used Blue Apron, but a lot of people have)
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>Now, as a thought exercise: who do you think subsidizes VCs? (I.e. who are the biggest LPs) The Fed, with their policy of Quantitative Easing over the past 5 years.
The quantitative easing FUD on HN is getting pretty tiresome. It gets blamed for everything from VC subsidies to house prices and just about everything in between. All three rounds of QE in the USA focused on mortgage-backed securities and Treasury securities. Are you suggesting there were a bunch of VCs who were neck deep in the MBS or CDS/CDO rackets in the mid 00's? See https://en.wikipedia.org/wiki/Quantitative_e…
Uggh read below (edited my 1st comment after fully reading the terrible details that will hugely and negatively affect a friend)
Also, wow my friend whose parent made him go bankrupt at 18 (put his name on deed of their house & didnt tell him) is going to lose his car he uses to make money and support/transport his family. Whoever votes me down has no heart. Uber is run by criminals!
And don't complain about votes, it is what it is.