191–200 of 324 posts
This is completely all over the place, like it would be to listen to an 87yo, but I'm not too sure about the author or editor.
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Have you seen the egg prices lately...? ;-)
I am curious how much they are in your country? In Poland one egg costs about $0.30
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The fed a bunch of cholesterol to rabbits who then got heart disease. But it turns out you’re not a rabbit and dietary cholesterol has nowhere near the same effect on humans.
And also rabbits do not normally eat eggs, in fact aren’t even carnivores.
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Owning a home is always good no matter what the finance influencers tell you. In fact, earlier the better. Its not even the buying vs renting thing, renting is bad, you don't get to own anything at the end of the journey, and often the kind of things you have to put up with to save rent, or avoid getting homeless in case of of a job loss or other life crisis is just worth your mental health. Most of your life is spen…
No one lives forever. You can’t take it with you. In the long run, we’re all renting.
Why wouldn't you want to leave behind wealth for your kids? They are your kids.
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I think he benefitted from the Vitamin D, since he died at 101.
Well I agree, and I myself supplement with D3; however the mainstream advice is to avoid sun exposure, for example: https://www.skincancer.org/skin-cancer-prevention/ Clearly more research is needed.
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You are still ignoring opportunity costs. If you have $x, you can buy a house and save on $y rent. But you could also buy eg bonds, and make $z return per year. If z > y, going for the bonds is better. Free time and health don't even come into the picture here. [0] (Of course, taxes and regulations can make this more complicated. And there are systematic and idiosyncratic risks to take into account.) It's not automat…
Around here, houses appreciate in value. Quite significantly, actually. A house can gain 100k in value in just a few years. If you bought it, you're paying off the old price. If you're renting, rent increases every year to keep more or less in line with the accruing value. So while renters and buyers may both start out paying (eg) 20% of their income on housing, for buyers, this will typically go down (due to inflati…
"Households living in poverty are spending a significantly larger proportion of their net income on housing costs than households not living in poverty. This is true both in London and in the rest of England.
London households in poverty are estimated, on average, to spend 54% of their total net income on housing costs. In comparison, those living in households which are not in poverty spend just 11% on average.
The trend is similar in the rest of England with households in poverty spending 32% of their income on housing compared to 8% for those not in poverty"
(a lot of that is numerator/denominator issues - of course if you have more income you're spending a lesser fraction on housing - but it does show just how dominant housing costs are in people's lives)
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Of course when they bought their house it would have cost mere 10s of thousands. You can see why there's an attraction to owning your own house.
Owning a home is always good no matter what the finance influencers tell you. In fact, earlier the better. Its not even the buying vs renting thing, renting is bad, you don't get to own anything at the end of the journey, and often the kind of things you have to put up with to save rent, or avoid getting homeless in case of of a job loss or other life crisis is just worth your mental health. Most of your life is spen…
What about drawbacks of owning a house? You will spend non-trivial amount of your time, energy and money just to keep it up, keep fixing all things that deteriorate. And everything deteriorates. I mean really non-trivial, count how much your hourly rate is and how much you will waste instead of making some fun good activities, getting more healthy, enjoying life, resting, traveling and so on. Is that really how you want to spend some part of your me-time?
You are also locking yourself down at very specific place which may be a craphole in a decade, without good jobs around etc.
Also it will in normal cases vacuum your savings, degrading quality and fun in life in (at least) initial years after purchase - those are often the best years of one's remaining life.
People tend to look back with rosy glasses on the past, highlighting positives and shrinking negatives, thats basic psychology of each of us. Looking back at period of ownership people mostly look at money made, not all that stress and time with just keeping some property in same state.
Middle grounds are apartments, very little maintenance compared to house&land, much lower costs, but also less privacy and less feeling of 'in my own'.
There is room for each approach, ie right out school locking oneself in specific place may not be the smartest idea. Maybe you will earn some money on sell but maybe also some much better opportunities and better life will be missed due to inflexibility. Freedom is invaluable, properties ownership tends to take some of it away.
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> About $0.60 currently in the USA, ... IF you can find them in a store. Our local Trader Joe's (a grocery store) in SF has been out of eggs for a while.
No shortage in Seattle. About $8/dozen which is about double normal.
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Around here, houses appreciate in value. Quite significantly, actually. A house can gain 100k in value in just a few years. If you bought it, you're paying off the old price. If you're renting, rent increases every year to keep more or less in line with the accruing value. So while renters and buyers may both start out paying (eg) 20% of their income on housing, for buyers, this will typically go down (due to inflati…
For a proper comparison, you need to pay up the guy paying off the mortgage with someone who eg invests similar amounts in an index fund. To be even more proper, you'd need to allow the stock market investor to use leverage, just like the guy with the mortgage does. Or, if you want to avoid the mortgage/leverage complication, we can compare someone buying a house outright with someone investing the same amount in sto…
If things were different, then the results would be different; but, being as they are, for most people in most Western jurisdictions the rules favor homeowners.
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I am curious how much they are in your country? In Poland one egg costs about $0.30
USD$0.30 to $0.40 per egg in Fiji.
