FBXL Social

You can amortize for up to 35 years if you come up with a 20% down payment, but the 30 and 40 year interest rate terms are something subsidized by the US government to help get people into houses. You can get a 25 year interest rate term in Canada, but the premium is so high it's unreasonable to go with it. To give you an example, you can get a mortgage for 4-5% right now if you're 0-5 years, but a 25 year mortgage is 9.75%.

This actually makes sense since prior to the gfc the average mortgage rate was about 9%, but it's awfully expensive insurance!

In my case, I do support limited scope, sustainably funded, competently run government programs. Hell, I support Canada's single payer healthcare where it's competently run, and that's about as far from libertarian as you can get. My city has a bunch of locally funded programs I totally support despite the cost because they're a public good that don't exist when someone needs to make a profit to do a thing (public parks and playgrounds being a good example)

So that's the thing, the world is complicated and because of that you often and up having a variety of viewpoints that are sometimes mutually exclusive but battling it out because those different values despite being contrary are both important to a person.

It's more that you've got to be careful not to get too pidgeonholed into one ideology or another completely, because then people can start getting you to argue for stances you don't agree with just because it's part of the ideology broadly speaking.

Unfortunately, a lot of the problems were caused in the name of preventing harm. A bank would be considered a fairly high risk endeavor but for the massive amounts of insurance that the governments of the world give to banks.

Part of the problem is that they go "The government will pay for it", without asking "Who is paying for the government?"

For most of history, the answer to "who is paying for the government?" was "The people" who were paying taxes, but now it's even worse -- we're paying for government with debt we never intend to pay back, so the answer to "Who is paying for the government?" is "three generations of unborn children", but nobody thinks about that because they act like the money always comes from someone else who deserves to pay for it more.

https://www.youtube.com/watch?v=AMnicq4w7LM

That makes a lot of sense.

Back in the 80s and 90s, there were lots of shows on TV for black people by black people. They were usually unique stories with unique characters and you couldn't tell the same stories with white people and have it make sense.

Push ahead by 20 years, and now shows with black people are white stories for white people and they replace the white characters with black people who act basically like white people who have been dipped in strong tea.

Meanwhile, anytime a foreigner isn't acting like a southern Californian, they get smashed into the dirt.

I certainly have strong libertarian sympathies, though the world's more complicated than a single data point.

I locked in my mortgage for 10 years, and in my age group only something like 3% of people opted for a mortgage like that. It was an extra percent or two, but much beyond that you're paying like 8%. Which at the rate we're going might be a bargain...

Well... Until they make it my business by demanding the rest of the country bail them out...

That's where a lot of this "it's none of your business" breaks down. Suddenly all these "it's none of your business" types want to make it my business by having the people who didn't make the mistake pay for it.

Unfortunately, something is broken in Canadian culture that makes people think taking out a million dollars of debt at any rate is a good idea.

I mean, imagine paying for a 3000/mo mortgage. For 98% of people that's going to mean all you have is a house. God help you if the water tank or the furnace or something else breaks!

True.

The other side of freedom is responsibility. Responsibility to make sure you understand the choices you make because at the end of the day you're the one who gains for your good choices and loses for your bad choices.

You can sympathize with someone for the consequences of bad choices without condoning the choices themselves.

My brother has a master's in english literature. Almost as bad an idea as a middle class person buying a million dollar single family home in the greater toronto area.

I had a dream last night where a couple big burly guys pushed themselves into our house and started demanding millions of dollars on the spot.

After I woke up, it occurred to me that this will be the reality for a lot of Canadian homeowners who see their mortgages renewing at rates they can no longer afford to pay on amounts no individual human being should ever consider borrowing.

If you think of it as original content do not steal and I imagine it's something that could appeal to someone else.

Western media is ironically tremendously conservative. That's one of the reasons why every creator finds a skin suit to wear because nobody will let you make your thing otherwise. Ignoring the political angle, that's a tragedy. There's all kinds of talented people with interesting stories they want to tell, and instead they need to hitch their wagon up with stories written 40, 50, 60, 100 years ago.

Sort of seems like there's an opening here for someone to create talent pipelines, now that I think about it.

Taxpayer funded affordable delivery.

Doesn't get more corny capitalist than Amazon.


https://www.wsj.com/articles/why-the-post-office-gives-amazon-special-delivery-1522603826?tesla=y

Why the Post Office Gives Amazon Special Delivery

A Citigroup analysis finds each box gets a $1.46 subsidy. It’s like a gift card from Uncle Sam.

Oh my god! That's so dangerous!

He doesn't have a bathroom but he's selling food products! We need to send the SWAT team immediately!

The condom ad is clearly a product of the 1980s or later, given that it references AIDS.

Obviously just a meme

I don't know why anyone talks about all these pokemon that don't exist, since everyone knows there's only 151.

I just spent 115 dollars sending out 4 boxes Amazon shipped to me for free.

Don't tell me there's nothing sus about Amazon!