211–218 of 218 posts
Earlier quoted context omitted.
not for 10 years you don't
You don't need to save for a downpayment for 10 years? Or are you saying it won't take 10 years to save up for a downpayment?
Earlier quoted context omitted.
Unless you're churning your own butter and manufacturing your own solar panels, isn't retirement inherently living off other people regardless of income?
Isn’t social security living off the backs of other people too?
Earlier quoted context omitted.
Sure, it is impressive how much solar power Starlink currently captures, but ISS actually does not get that much - as far as I can tell its about 250 kW maximum even with the new roll-out solar arrays that have been installed quite recently. So about 2.5 MW of solar potential ? That's indeed quite impressive, but for serious compute a lot of energy needs cooling will eat into that.
Cooling won’t use much energy because it’s mostly radiators and probably some recirculating pumps.
Also building all the radiators and structure from in-space resources could be quite substantial energy investment, same with the energy to put it in the final orbit.
Earlier quoted context omitted.
You don't need to save for a downpayment for 10 years? Or are you saying it won't take 10 years to save up for a downpayment?
now if you only read the comment I answered to you might've figured the answer to that on your own!
I don't see how we get to "why would you rent and save for a house at the same time?" from "it takes 10 years to save $720K" but whatever.
Earlier quoted context omitted.
> it's not X (emdash) it's Y No, no, no! Stop that! The em dash is an wonderful little punctuation mark that's damned useful when used with purpose. You can't turn it into some scarlet glyph just because normal people finally noticed they exist. LLMs use them because we used them, damn it. For god's sake, are we supposed to go back to the dark ages of the double hyphen like typographic barbarians in the hopes that a…
Oh, no thanks. The emdash is lazy writing, through and through, for the same reason a parenthetical expressed any other way might be. LLMs overuse them the same way humans do: to pack in context where it doesn't belong. I'd happily lay the emdash and all its terrible cousins upon the sacrificial altar to see a renaissance in editing and proper sentence construction.
Em dashes are strong; they can take the abuse. While I'm right there with you on dreaming of a renaissance in quality writing, that's likely more fantastical than my own hopes that we'd see a resurgence in quality em dash usage. At this point, I'd probably settle for outright stagnation in writing ability.
VC is inherently high risk capital. It's by design most companies will fail or at most break even via acquisitions/acquihires, while a small few make investors massive amounts of money. The only real difference this time around is all of the datacenters being built. There's real hard asset costs making it much riskier and capital intensive.
The big difference this time around is that this 'high risk capital' isn't a small amount, it's 1-10% of the entire economy.
Earlier quoted context omitted.
Bro, I can tell you haven’t even tried. Talk to a mortgage advisor.
I’ve been trying for the last decade boomer. Housing keeps going up and my salary keeps staying the same. It’s to the point where a 30 year mortgage will take me to 80 years old. Where a down payment would cost me a decade of saving and nothing but saving. No life, no food, no other bills.
Earlier quoted context omitted.
No? What? I mentioned Lifestyle creep before but what is with everyone’s fried brains? A small condo in a nice neighborhood in Santa Clara is below $500k. Yes, that’s a lot, and you certainly can get more bang for your buck if you’re willing to do a little commuting. Btw a $1m house is accessible if you make $250k yr, although to be honest, I would highly recommend against it
The question I originally responded to was "why would you rent and save for a house at the same time?" I said "because you need to have a downpayment". You reply "downpayments aren't that high". Unless you're getting loans zero down, you literally still need to save to have your downpayment. While you're renting. So where is my brain fried? Even on a $500k condo, you're putting 10% down, you still need to have that s…
Many places.
First, you can get a zero down loan at that income level. Wouldn’t recommend it but I can tell you haven’t seriously explored home loans if you don’t know this.
Second, if you make $250k a year and you’re struggling to put $10k, or hell, even $50k down… you need to make a budget because damn
> you literally still need to save to have your downpayment. While you're renting.
Just so you know, I did it. I bought a condo a 20 minute train ride from sf, making quite a bit less than 250k.
I did it at $180k a year by moving into a studio in oakland, and that was overkill tbh. Saved $1.5k a month and biennial vacations were to New York and Vegas instead of France and Japan. Such a sacrifice /s. Now imagine how easy it’d be with an extra $70k (about the average annual salary).
The best advice i can make to you, if you really are making above 200k a year, is to make a budget spreadsheet.