Problem is that high house prices makes line go up so politicians do whatever they can to keep it going despite it being bad for everyone but homeowners (and it's even kinda crappy for them)
There are fixed rate mortgages, but many people went with variable rate and 90% of fixed rate mortgages are 5 years or less. After 5 years the rate starts to rise quickly because after 5 years "fixed" means fixed open so you can refinance with only 3 months interest as a penalty.
I refinanced at a good rate for 10 years and I'm feeling like those economics lessons are really paying off right about now.
I refinanced at a good rate for 10 years and I'm feeling like those economics lessons are really paying off right about now.
https://www.thestar.com/business/2023/06/27/rising-mortgage-rates-fixed-payment-woes-some-homeowners-seeing-amortization-periods-skyrocketing.htm
Cue the clip of smug Trudeau saying "interest rates are at all time lows" a couple years ago
Cue the clip of smug Trudeau saying "interest rates are at all time lows" a couple years ago
Literally happened to me this week.
Wtf strawberry and raspberry bushes? Why u doin this to me?
Wtf strawberry and raspberry bushes? Why u doin this to me?
"Ah, the power of psychological manipulation!"
This is and amusing and dystopian way to start a message.
This is and amusing and dystopian way to start a message.
Tbf most of the wealth is fake and frothy bubble.
"I have all this stock in a barely profitable car company that's more valuable than the rest of the auto industry combined"
"I have all this stock in a barely profitable car company that's more valuable than the rest of the auto industry combined"
Holding parents accountable when their kids go off on murderous rampages seems like a good idea, tbh. Within reason, of course. But after 5 nights of murderous rampaging, I'm thinking the parents might want to step in and be like "hey champ, you're staying home tonight!"
https://www.breitbart.com/europe/2023/07/02/france-deploys-45000-police-on-fifth-night-of-nationwide-riots/
I think these guys really need to learn from the Americans how to respond to violent riots.
Watch and learn, you cheese eating surrender monkeys:
“Everything is fine. They’re doing such a good thing. Where’s all so glad they’re doing it. Thank you, heroes.”
I think these guys really need to learn from the Americans how to respond to violent riots.
Watch and learn, you cheese eating surrender monkeys:
“Everything is fine. They’re doing such a good thing. Where’s all so glad they’re doing it. Thank you, heroes.”
They were deeply upset he didn't turn out to be a fascist. He was supposed to sieze power and use violence against his political enemies.
"You have to give up your tanks and trucks right now and replace them with Tesla cyber trucks!!!"
It still is tough to wrap my head around the idea that someone finds the fediverse hard to use. Like -- not running your own instance, but actually just creating an account.
"Fidelity has cut Reddit valuation to $4.5B from $10B"
Why would Elon Musk do this?
https://techcrunch.com/2023/06/30/fidelity-deepens-valuation-cut-for-reddit-and-discord/
Why would Elon Musk do this?
https://techcrunch.com/2023/06/30/fidelity-deepens-valuation-cut-for-reddit-and-discord/
History is not a straight line forward, and sometimes cultures that appear to be moving forward end up taking steps back. There are a number of periods of history where something more like what we would consider to be good today regressed into something that was quite different that we would consider to be less good.
The Islamic golden age between the 8th and 14th centuries was characterized by advances in various fields including mathematics, astronomy, medicine, philosophy, and architecture. We feel the impact of those times to this day in our words for things like algebra and alchemy (and thus chemistry). That golden age was followed by an era of deep religious conservatism that in many ways continues to this day. Instead of investigating the world to find out what God has done through his works, they decided that the book itself was the word of God. They believed that God, being an unknowable entity, would go out and change the world at its whim. Therefore, rather than trying to understand God through the world, they believed that one must try to understand God through the Quran.
The Korean Goryeo period had a number of rights and freedoms for women that were something we might consider quite good for the time when viewed through today's lens. However, the following Joseon dynasty followed Confucianism, which is an extremely conservative set of values. This changed the role of women from one where they could hold positions of authority in a number of different institutions to one where they were often kept from social interactions altogether. Women were confined to the inner quarters of their homes and were told that they should obey their fathers, sons, and parents.
The Weimar Republic of Germany was, by the standards of the era, quite progressive when viewed through a modern lens. However, the next chapter of Germany's story were the national socialists under Adolf Hitler, who implemented a highly oppressive and totalitarian regime.
Given this, knowing that perhaps someday progressives may have to give back some of their gains, seems to me quite important not to use corrupt tools to achieve those gains. Acting as if a corrupt tool is a good thing because it happens to align with their values today means people don’t realize that they’re playing with a dangerous tool, much like the murasama sword it must taste blood before it is put back in the scabbard.
The Islamic golden age between the 8th and 14th centuries was characterized by advances in various fields including mathematics, astronomy, medicine, philosophy, and architecture. We feel the impact of those times to this day in our words for things like algebra and alchemy (and thus chemistry). That golden age was followed by an era of deep religious conservatism that in many ways continues to this day. Instead of investigating the world to find out what God has done through his works, they decided that the book itself was the word of God. They believed that God, being an unknowable entity, would go out and change the world at its whim. Therefore, rather than trying to understand God through the world, they believed that one must try to understand God through the Quran.
The Korean Goryeo period had a number of rights and freedoms for women that were something we might consider quite good for the time when viewed through today's lens. However, the following Joseon dynasty followed Confucianism, which is an extremely conservative set of values. This changed the role of women from one where they could hold positions of authority in a number of different institutions to one where they were often kept from social interactions altogether. Women were confined to the inner quarters of their homes and were told that they should obey their fathers, sons, and parents.
The Weimar Republic of Germany was, by the standards of the era, quite progressive when viewed through a modern lens. However, the next chapter of Germany's story were the national socialists under Adolf Hitler, who implemented a highly oppressive and totalitarian regime.
Given this, knowing that perhaps someday progressives may have to give back some of their gains, seems to me quite important not to use corrupt tools to achieve those gains. Acting as if a corrupt tool is a good thing because it happens to align with their values today means people don’t realize that they’re playing with a dangerous tool, much like the murasama sword it must taste blood before it is put back in the scabbard.