So would I, since wired networking is my jam. But I get the point the GP is making. The pool of potential buyers who would appreciate the value of that additional investment is small and (presumably) only getting smaller with time. Anecdote: I realized how out of the mainstream I was when recently viewing a video produced by a high-profile gamer on Youtube showing off the specifications of his desktop gaming rig via…
Modern 5ghz wireless can fully saturate most home broadband connections, and if a good router is used, the added latency is trivial. If the house isn't already wired for CAT5, wireless makes sense.
while we colloquially say CAT5, any new wiring should be CAT6 (or 6A) nowadays since the cost difference is negligible for much more bandwidth.
Why would anyone file for bankruptcy right before paying their last tuition payment?
I think the OP meant “make their last tuition payment to the university”, in other words, they’ve fully taken on the debt of education and are about to graduate.
Not being able to expunge education debt is what makes education lending possible. Otherwise, there’d be a line to file strategic bankruptcy after the last tuition payment was due...
Revocation of a degree with the dissolving of student loan debt in bankruptcy certainly could work for some.
That doesn't make the lender whole, though; there's nothing they can repossess or foreclose on.
It's a mild deterrent for some cases, but for a lot of situations, having the degree isn't anywhere near as valuable as having the education.
The Federal Reserve banks are not one in the same as the Board of Governors of the Federal Reserve System. That's why they have different names. It's Board of Governors that determines the interest rate. It is a policy making part of the federal government. https://www.newyorkfed.org/aboutthefed/fedpoint/fed46.html > The Federal Reserve System is supervised by the Board of Governors. Located in Washington, D.C., the…
I have updated both of my comments in this thread. Thanks for pointing out my misunderstanding between the Federal Reserve’s Board Of Governors and the Federal Reserve Bank entities they oversee.
The "NK" part of your "DINK" is probably influencing your decision on whether it's a worthy decision to buy a home. As a "DI3K", a house makes a ton of sense. We need space, we need a place for five people to live, and we need a house in an area where the schools are going to be great for the next 18 years. We don't need mobility as far as relocation goes, because it just doesn't make sense in our life choices right…
"(as far from the coasts as possible)" piques my interest. Why do you want to be as far from the coasts as possible?
I only meant for that as an example of a regular place for housing also seeing increased housing prices.
I am quite convinced it would be possible to build a pleasantly-looking development of $25,000 sale-value housing at 50 or 70 miles away from the urbanized area and connect it with a fast transit rail to the main urbanization. Empty land should be cheap. Buyers should be plentiful. The reason why this does not happen, is because the bureaucracy prevents it. There seems to be a strong political necessity to make accom…
others have destroyed your flight of fancy by detailing how expensive it is to drill a well, etc, but let me add one. the cost of commuter rail service, never mind anything approaching high speed, utterly destroys your argument. it cannot be done.
Maybe it can't be done in the US, for various cultural, bureaucratic, and legal reasons, but it has been done successfully in other parts of the world.
Modern 5ghz wireless can fully saturate most home broadband connections, and if a good router is used, the added latency is trivial. If the house isn't already wired for CAT5, wireless makes sense.
To reiterate: the point of my anecdote was to point out how out of touch I am. Sure, wireless gaming is fine. Still, for me, I can't fathom investing the kind of money this fellow had on a gaming rig to then pair it with wireless networking. The scenario in brief: On one hand, I've opted for a blistering no-compromises frame rate, but on the other, I am tolerating a few more milliseconds of lag. Does not compute. I r…
Thanks for the great link! That is an awesome post, those lag spikes are horrible.
It's not as crazy as it seems. Usually the best thing to do is compromise to close, since the Buyer wants the house and the Seller wants to sell it. Buyers and sellers often overestimate the other side's patience and wear it to the bone, then lose a home/sale pointlessly. Presumably everybody is in contract because they want to do the deal, and agents work to make that happen. Agents do have a fiduciary relationship…
This sounds exactly like a narrative used to justify an ongoing conflict of interest. For any piece of real estate, there's basically a price at which it would sell itself. People hire a real estate agent because they believe the agent will work to sell for more than that base price. In my experience, both real estate agents represent the buyer as it is the buyer who is supplying the money. Your closing attorney is t…
There is a reason why 90% of homes placed on the market without an agent don't sell and wind up being listed with an agent. I think you overestimate the average person's capacity to navigate a transaction without losing a ton of money. I once thought more like you do, but have seen too many cases where people were just not capable of much of anything without a lot of help. Those people would be destroyed on the open market without an advocate, and every professional advocate will require payment. Agents earn about 1.5% per side once brokers take their commission. They are usually worth the money.
Dallas median wage is $63.8k in 2016, median home prices closer to $230 to $250 depending on which town (some significantly higher). That is about 4x income, following your heuristic we should expect the median to fall a bit?
I don't like this X-Salary rule. It assumes no other large notes, which is more of what mortgage underwriters are caring about (debt-to-income ratios). Not having two student loan payments and a couple unnecessarily-high car payments (a couple well-to-do millennials surely make possible) could certainly push your mortgage affordability much higher than someone straddle with that debt (but completely able to pay and m…
8 think that's why the X-salary rule is usually considered an upper bound?
A wild thought - How much of this is caused by H1B visa restrictions and higher visa rejection rates? Dallas, and Texas in general, is home to the fourth largest Indian population in US. I reckon that these high paid tech people are abstaining from purchasing any real estate owing to the uncertainity in their existence here.
