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FICO to incorporate buy-now-pay-later loans into credit scores

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Re: FICO to incorporate buy-now-pay-later loans into credit scores

#591

Post by 9rx »

danans wrote: post #578
9rx wrote: post #546

Earlier quoted context omitted.

> I can walk 15 minutes to a coffee shop and grocery store Not to make it sound like a competition, but I can do it in 5 not living in a city. Why does it take so long in a place that should be optimized for keeping everything close by? > drive 20 minutes to a Walmart I can be to two different Walmarts given 20 minutes. That is also an unusually long time for a heavily populated area. Are you actually living in a rur…

> Not to make it sound like a competition, but I can do it in 5 not living in a city. Why does it take so long in a place that should be optimized for keeping everything close by? I can walk to 3 different ones in 5 minutes - I live in an actual city - but I was trying not to make it about showing off my housing privilege. Note I said "a coffeeshop", not "the nearest coffeeshop". > I can be to two different Walmarts…

> I get that you don't do any actual physical labor

Well, I personally do the physical labor (if you call riding around in an air conditioned tractor physical labor). You are right that the landowner doesn't.

> but don't you have to negotiate deals with labor suppliers (or laborers), seed/fertilizer suppliers, check on the quality of work and the condition of the land, facilities, and equipment?

That's on me, not the landowner. Why would the landowner do any of those things? Again, their only job is to count the money.

> then what's the ROI?

For me, mostly the fun. I enjoy it. I do also make pretty tidy financial profit doing it, which is admittedly a great bonus, but I expect I would still do it even if that weren't the case. Not everything in life has to be about money. Sometimes it's okay to bask in the pleasure of a hobby.

> It's hard to imagine that small-hold farming is as easy (and has similar returns) as buying an indexed fund

An index fund will, on average, provide greater returns than renting out your land, albeit with greater risk as greater returns expect. You wouldn't move to the country as some kind of get rich quick scheme.

But, if you've somehow already forgotten what we're talking about, when you are already living in the country for whatever reasons life has found you there, the land provides an income that offsets the cost of the necessary transportation.

Re: FICO to incorporate buy-now-pay-later loans into credit scores

#592

Post by 9rx »

bluefirebrand wrote: post #587
9rx wrote: post #509

Earlier quoted context omitted.

Sure, but outside of where that backyard is wanted to be hundreds of acres, then there is the density necessary to introduce amenities like jobs, healthcare, shopping, etc. alongside the backyard. At which point you no longer need transportation as you have everything you need right there. But what happens in the places we're talking about is that the people accept a small backyard in order to keep everything close,…

> What do people see in these strange middle places? Not sharing a wall or ceiling with other people is great actually I am constantly told that dense housing "built right" is quiet and peaceful and you never hear your neighbors through the walls, but my experience in apartments in my 20s was not like that I constantly had neighbours that would play loud music at all hours, or get into fights with their partners or o…

You've made a great case for living in the country, but not for the weird middle places.

Re: FICO to incorporate buy-now-pay-later loans into credit scores

#593

Post by 9rx »

vel0city wrote: post #558
9rx wrote: post #553

Earlier quoted context omitted.

> Most datasets showcase the hollowing out of rural job opportunities Hollowed out opportunity, or hollowed out available jobs? As noted earlier, there is a pretty big difference. My impression from your comment is that you are trying to say that there are fewer jobs available, which isn't what we were talking about. > I've absolutely been talking specific areas What part of "as a rule" made you think this was about…

> What part of "as a rule" made you think this was about a specific area? As a rule that just happenes to not work in any of the large metros of the country in question. I've got a rule that a pen always rolls off on the left side of a desk, too bad it only works on my desk here that is missing a couple of legs! > Hollowed out opportunity, or hollowed out available jobs? As noted earlier, there is a pretty big differ…

> As a rule that just happenes to not work in any of the large metros of the country in question.

Large... metro? What? Where did you see me say "large metros as a rule..."? Perhaps you need to read it again? It clearly asserted "rural areas as a rule". You even literally quoted that exact bit in your response! How do you have absolutely no awareness of what is going on now?

> I've linked mine

You certainly did for some strange reason, but I have no idea why. It was rather bizarre. If I wanted to have a discussion with the FED, I'd go talk to it directly. I don't need you to act as a pointless middleman. That is a waste of your time and mine. I suppose I should have some appreciation for your obedient dog-like behavior as you deliver your chew toy to me with glee, but I really cannot find any reason to care. That's not what discussion forums are for. They are, surprisingly, for having discussions. I want to know what you have to say. If you have to rely on someone else to feed you what to say, why bother?

Re: FICO to incorporate buy-now-pay-later loans into credit scores

#594

Post by danans »

9rx wrote: post #589
danans wrote: post #573

Earlier quoted context omitted.

> The difference is really only that people in towns of 3,000 people want all the jobs, services, and amenities as possible. Whereas suburban folk fight tooth and nail to keep it all out. But the question is: Why? Why wouldn't you want those things nearby, most especially when you are complaining you can't afford transportation to those amenities where there are found elsewhere? Because the amenities usually require…

> which might then compromise some of the reasons you liked the suburb in the first place. What might be those reasons? This 3,000 person town has some very well paid people and low paid workers living side-by-side seemingly in harmony. Seriously, I really cannot imagine any quality that would be different in a suburb. I did even live in a suburb of a large city a number of years ago for a while when I was young and…

> I can really find no noticeable difference in the way of life other than everything I do outside of the home is a lot easier to access now

Yes, small walkable towns are nice. I personally prefer them to unwalkable suburbs by a long shot. But plenty of people reasonably find the balance of their preferences is better met by suburbs. And as suburbs densify into towns themselves, people might reasonably want to upgrade the transportation options available.

> Is that what you're trying to subtly hint at? That the people in those suburbs are afraid of reverting their "white flight" efforts? Apparently that's a thing, astonishingly

Not sure if you meant that sarcastically, but what's astonishing? Historically zoning has been used this way: to exclude non-white people, but it works against poor white people also.

> So who is worried about the cost of the transportation? Are you suggesting nobody — that the original comments were making shit up?

Yeah. For the average middle class suburbanite who can afford a car, transportation is pretty affordable (caveat high oil prices). It's only expensive if you are poor.

Re: FICO to incorporate buy-now-pay-later loans into credit scores

#595

Post by blackqueeriroh »

nradov wrote: post #311
RankingMember wrote: post #300

Earlier quoted context omitted.

I see this as directly correlated with the gradual denigration of liberal arts education, a core tenet of which is critical thinking.

Liberal arts education leaders haven't been doing themselves any favors. During the recent COVID-19 pandemic we saw many college administrations abandon all critical thinking to enforce blind obedience and mandatory compliance with pointless and counterproductive policies around lockdowns and mandates. Scientists were condemned for daring to even discuss alternative views. I absolutely see value in classical liberal…

Isolation and masking have been proven again and again to minimize the transmission of infection. There are still 700-1200 excess deaths per week: https://www.pmc19.com/data/PMC_COVID_Forecast_June232025.pdf

Re: FICO to incorporate buy-now-pay-later loans into credit scores

#596

Post by blackqueeriroh »

mapt wrote: post #445
vdqtp3 wrote: post #426

Earlier quoted context omitted.

In Southern California, surfers were arrested for surfing on an empty beach. Parks were closed. This was hailed as a safety measure. I suspect these sorts of policies are what GP was talking about, rather than vaccines or masking.

These were completely valid short-term responses to a situation where an effectively quarantined country had a small outbreak in Venice Beach and we didn't know a lot about spread. But we were not that country. If the front door is wide open and there's a large sign above it saying "Free stuff - take what you want" because your spouse wants to embrace minimalism and throw away all your joint belongings, then triple d…

You should read about the politicization of the 1918 flu: https://pmc.ncbi.nlm.nih.gov/articles/PMC7893336/

Re: FICO to incorporate buy-now-pay-later loans into credit scores

#597

Post by blackqueeriroh »

philipallstar wrote: post #585
olddustytrail wrote: post #551

Earlier quoted context omitted.

I would find that a little more convincing if the people complaining about being lied to about the efficacy of masks were also the people who were afterwards arguing most strongly in favour of masks. Strangely, it appears to be the opposite.

That doesn't seem that strange. If they can't trust an institution, people stop trusting lots of things.

No, people are supposed to then test themselves

Re: FICO to incorporate buy-now-pay-later loans into credit scores

#598

Post by 9rx »

ndriscoll wrote: post #579
9rx wrote: post #492

Earlier quoted context omitted.

> I'd need, at minimum, a four-bedroom, two-bathroom property in the city. Check out a settler home sometime. They were tiny, one room houses that housed themselves and their eight+ children just fine. You don't need this in any way, shape, or form. I do understand why you find it desirable, though. > It will need to be zoned for a good school for obvious reasons. I don't live in crazy orange man land. What are the (…

Attitudes around education in the US vary wildly across the population. To a first approximation, "good schools" are really "good students" (i.e. "good peers"), which generally means that the families within the school's catchment area place higher value on education, which generally correlates with class. There are feedback mechanisms at play here: the people who want a good education for their kids want to be aroun…

> Attitudes around education in the US vary wildly across the population.

Is that in some way unique to the US? I would say the same is true here. Certainly when talking to people out on the street, there are clearly some who value schooling to the utmost degree while others dismiss it entirely. I expect this is the case anywhere a sizeable population is found.

> the people who want a good education for their kids want to be around the types of people who want a good education for their kids

…But I have never heard of this happening. Looking at the data, I don't see any significant variation between schools found within a general area where you might conceivably choose a different school by moving a few miles in another direction. A couple of schools in extremely remote areas show up with struggles, in the worst case seeing only ~40% of the students meeting the standard, but I think it is fair to say that the goings on in remote places is something else entirely.

> It can't hurt to have bright, engaged kids when trying to recruit and retain good teachers either.

So would it be reasonable to think that it is ultimately an issue of lacking teacher standards in the US? Different people are going to be different, sure, but around here you aren't allowed to be a teacher within the school system unless you at least are able to live up to a minimum standard that carries a sufficiently high bar such that there really aren't any qualms about what teacher a student gets.

I take from this that in the US, the schools that don't have sufficiently bright, sufficiently engaged kids are apt to get teachers who aren't capable of doing the job. Here, if a school lacking sufficiently bright, sufficiently engaged kids scared off good teachers, the school simply wouldn't have any teachers.

Re: FICO to incorporate buy-now-pay-later loans into credit scores

#599

Post by blackqueeriroh »

andelink wrote: post #531
kadushka wrote: post #434

Earlier quoted context omitted.

Hiding things from parents is a far bigger problem than staring at a phone in a living room.

No it’s not. Everyone hid things from their parents. I hid soooo much from my parents. It’s fine. It’s normal. It’s far more important to have limited exposure to modern smart phones.

The people who say things like this inevitably are the ones who spend ten minutes with a therapist and the therapist’s eyes go wide

Re: FICO to incorporate buy-now-pay-later loans into credit scores

#600

Post by Y_Y »

lcnPylGDnU4H9OF wrote: post #568
Y_Y wrote: post #563

Earlier quoted context omitted.

A popup? How? If you can't pay by cash or bank transfer then wtf are they doing?

Realpage offers payments on their website and landlords typically pass on the service costs to their tenants in the form of a $5 “service fee” as itemized by Realpage. Compared to a $10 fee to get a cashier’s check to pay in person (because ACH is done by Realpage), you’re saving $5/mo. (Cash is generally not accepted because they don’t want to be storing cash on location.)

Will the horrors never cease?
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