Thanks for the recommendation. Read this article and hadn’t heard of his blog until now.
I am still crawling my way out of debt from school and three half way across country moves, but slowly making progress and starting to make some short term investments to go with my retirement planning.
Looking forward to reading many more of his articles.
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He doesn’t write nearly as much anymore, but his old ones I still find relevant. A lot of motivation too. He is also into lifting (a bit).
Here is his post list:
That’s alright, a good backlog of articles is better than waiting on a new one to come out
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Maybe I had a bad one, but I found passionfruit to be very bland…one could say, passionfruit is a misnomer
I don’t know how to respond to such grievous blasphemy
Talk some sense into him. Most of the Russian civil servants still live in small Khrushchyovkas and are saving up for a piece real estate in the evil West.
Only a fool or an oligarch buys real estate in Moscow.
Maximizing happiness is the road to ruin. Happiness should be an occasional byproduct, not an actual goal.
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Depends on what makes you happy.
If you bought your home in 1980, then it is much better. This is what people need to consider. Someone who bought a house in 1980 and had a 175 dollar mortgage can’t relate to someone buying a home today.
IDK, the mortgage on a $47K house would likely not be $175 due to the interest rates. What was the average throughout the 80s, ~10%. Just the interest would be $333 a month on a $40K mortgage.
I wouldn’t be surprised if it turns out the actual cost of ownership is lower now because of interest rates? Two competing factors (price has gone up, but interest rates are much lower).
Comparing price initially was probably an error, as much more than price goes into cost of ownership, and I think that is what matters here.
Some background: In 1970 my first fulltime job paid me $1.75 per hour. When I retired in 2013 I was making $45 per hour.
I have had realtors tell me people tend to change homes about every 5 years, or so. Their first home is relatively simple. They called them “starter homes.” payments were manageable, and essentially fixed. So as your salary increased you could save some of the extra dollars.
As your family moved to their next home they had good equity from the sell of their “starter home” and could afford a larger down payment on their “dream home.”
As time went on their then “dream home” seemed lacking in either location or amenities, so they search for their new “dream home”, once again having more equity from their home and a higher salary, they could go bigger and better. And so on…
It seems a bigger challenge to get into the cycle of growth today than it was in the past, but IMO the formula still works. You need more capital to get into the game. Today’s challenge is acquiring the necessary capital.
There is much more temptation today to “waste” your money, than previous decades, particularly my youthful decades, '60’s and '70’s. Eating out was a treat, not a routine.
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Every one of your facts are incorrect. Wages have been stagnant for 50 years? 50 years? LOL. And the areas that have the greatest income disparities have been run by democrats for the last 50 years. California? NYC?
The ‘covid crisis’ and subsequent bail outs have been the largest transfer of wealth in history. The money went to the wokest companies in the country. Amazon, Walmart, Facebook, Alphabet, twitter, Apple, Disney, etc. Who in turn enforce the edicts of their government pals in order to create a great monoculture based on lies.
They can’t be. Zep/@fbc91 gets his facts from daRealestNewz. It even says “real” in the title.
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Like I said man, maybe I had a bad one … BUT throughout my life, I’ve had between 5 and 10 … not one was amazing …
Not Moscow but I think the general point remains. Also Kate McKinnon is a national treasure. I also don’t know why anyone takes OP’s posts (no matter what name they are going by at the moment) seriously. You would think his threads would have zero posts but he’s quite popular!
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Since I was in kindergarten, I’d have a “favourite country” the ti was obsessed debut for a year or two. That country was the USSR for 6 years and I almost became a Russia studies major.
The difference between my obsession with Russia and the others was that I loved the others as countries. I “loved Russia” because I found the sheer casualty numbers and suckiness fascinating 
His viewpoints don’t make much sense to me, but the topics are definitely worth discussing imo
You need to learn from history. Remember bapolean? His threads were absurd, but tons of replies.
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I give exactly zero shits about wealth inequality. I don’t care how much “the billionaire class” has. It has exactly no bearing on my ability to improve my life, and someone will ALWAYS have more than you. So who gives a fuck. That’s just a clever way to scapegoat, and I hate scapegoating.
For good reason lol. Because it is a very, very real thing and also very, very insidious. That book remains incredibly relevant.
Bingo!
Aaaannnd double bingo.
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I don’t think this is true. They sometimes pay for the development and initial offerings of things that eventually become affordable for us.
When they are the de facto ruling class it matters.