partial_accumen
@partial_accumen@lemmy.world
- Comment on same shit every day, on god 2 hours ago:
Well, you’d then have another problem. Unlike coal/wood/oil fuel, you can’t turn off radioactive decay.
You’d have megawatts (gigawatts?) of thermal energy boiling off all your water pretty quickly, and likely eventually melting down your steam engine firebox, and it would be that hot for decades!
- Comment on same shit every day, on god 3 hours ago:
if we stuck a suitably shaped non-critical amount of plutonium in the firebox.
Non-critical? There isn’t much energy released from natural decay compared to criticality. We created things like this to power space probes like the Voyager I and II craft. 4.5kg of this Plutonium created about 2500w of thermal energy the the beginning of its life and the power declines from there.
- Comment on same shit every day, on god 4 hours ago:
Hydro isn’t. Nor is solar photo voltaic, wind, or tidal, but yeah, nearly everything else is. In a combined-cycle natural gas or diesel plant half of the power generated isn’t steam power, but the other half is.
- Comment on [deleted] 1 week ago:
Hmm, by removing Piet and thus hiding the traditional racist representation of black people, or by whitewashing him?
“because he has to climb through Chimneys to deliver gifts for Sinterklaas”. “Has to”?! Is Piet a slave to Sinterklaas? /s /ragebait
Ending the conflict would end the attention.
I recently learned that Mikey Mouse’s classic look was derived from racist Vaudeville blackface dress:
Disney successfully evolved/hid/whitewashed Mickey away from his racist image roots, and few today would say Mickey is a reference to the racist past.
- Comment on Indiana Professor Removed From Class Over White Supremacy Lesson 2 weeks ago:
I wonder if a barely slightly different statement would have passed such as: “Not all MAGA are white supremacists, but all white supremacist are MAGA”.
- Comment on Bank Workers, Rejoice! 2 weeks ago:
Nothing is stopping you from moving to another Lemmy server and blocking .world entirely. You have to find some value here if you haven’t done that already. If you hate it so much why are you still here and posting instead of on another server with other non-Lemmy.world communities?
- Comment on Bank Workers, Rejoice! 2 weeks ago:
you…realize thats not only where this Lemmy Community is…but also your user account, right?
- Comment on Bank Workers, Rejoice! 2 weeks ago:
How would that work, even on paper? Not being a dick, just don’t understand. So it’s literally just, “you can never own this property fully?”
Yes. The tradeoff is you have a property that is in your name (with a bank note attached), and if the property increases in value during the time you own it, when you sell, you pocket the difference. If you have a fixed interest rate, it also caps the growth of your payment for housing for the entire time you live there. There’s quite a bit of value in that.
- Comment on Bank Workers, Rejoice! 2 weeks ago:
One weird thing we have is that part of the interest you pay is tax deductible.
This matches the USA system for mortgages.
for this reason there is a type of mortage where you first only pay the interest, and slowly start paying off more and more of the mortage, which means your net mortage fee slowly increases over time, which is nice if you expect your income to increase over those decades.
This sounds new to me. In the USA we do have amortized mortgages so a very high percentage of the monthly payment is interest with little going to principal. Over time that relationship flips where you’re paying more principal that interest. However, in our system the mortgage payment stays the same, only how much of that fixed payment goes to interest vs principal changes.
- Comment on Bank Workers, Rejoice! 2 weeks ago:
Balloon mortgages would be good in only two situations:
- you’re not planning on living in the house very long, so you likely exit before the balloon payments hit.
- you believe interest rates will decline in the next few years and you can refinance to a fixed low rate
I don’t ever see myself using a Balloon mortgage. Worse, they are frequently sold via predetory lending methods. Unsavvy buyers are convinced to take a balloon mortgage not understanding the payments will rise dramatically in the years ahead. This can lead to eventual foreclosure when the owners can service the higher payments.
- Comment on Bank Workers, Rejoice! 2 weeks ago:
It an overall bad deal in my mind, but there are some upsides (not enough for me to take it). Assuming you get a fixed rate, you lock in your payment and your “rent”/mortgage will decline over time just from inflation eating away at it. I think most folks would love to have their rent decline by 3% every year. This effectively does that.
Additionally, if you are the homeowner instead of the renter, if the real estate increases in value, when you sell, you pocket the increase. There’s nothing like that in renting.
- Comment on Bank Workers, Rejoice! 2 weeks ago:
Congratulations on your new home!
Thanks for providing that info on the “afloasingsvrije” mortgages. It was a few years before 2008 when she bought, so that tracks with what you’re reporting.
Here in the USA we have fixed rate mortgages, where you have a single fixed interest rate for the entire length of the mortgage, but I know that not all countries have that. From what I understand in Canada the rates fluctuate during the mortgage where you can get something like fixed for 5 years (maybe 10?) but then the rate can increase on the existing mortgage you’ve already got.
How does the Dutch system work? Fixed for life of mortgage? Continuously variable? Fixed for a time like Canada? Something else?
- Comment on Bank Workers, Rejoice! 2 weeks ago:
I know someone living in the Netherlands (home of Lemmy.world!) that told me they had interest only mortgages that didn’t pay toward the principal and that this was common over there. It seems like these new 50 year mortgages in the USA are a step going that same way. Anyone from that area confirm this?
- Comment on [deleted] 2 weeks ago:
I have a small portfolio of space company stocks and keep them as a reminder to avoid active investing.
My boring old Total Market (essentially S&P500) index funds have done much better in the same time as my space stocks.
Wait till gold drops by into it.
Every time the market spikes for gold (as it is now), I run the projects to see if I would have been better off in gold than buying equities instead. Gold has never once shown to be the better investment as vehicle for appreciation.
- Comment on Anon checks up on a childhood friend 3 weeks ago:
Avoid the trap though. Things won’t just “happen” to make your life better. It takes actions and effort on your part to guide your life in the direction you want it to go.
- Comment on Virginia Teen Narrowly Defeats His Former Civics Teacher in County Election 3 weeks ago:
“The student has become the master!”
- Comment on Efficacy unparalleled 4 weeks ago:
I’m unable to upvote this. I’m part of the control group.
- Comment on I Ate: Burrito. Am I happy now? 4 weeks ago:
You should have a burrito.
This is sound advice. I will follow through with it tomorrow!
- Comment on I Ate: Burrito. Am I happy now? 4 weeks ago:
My only problem is that I’m obsessed with health & fitness.
That might be a problem if it rises to the level where causes you trouble interacting with society peacefully.
I choose not to adapt to a sick obese society.
If you’re talking about your own personal choices and consumption, no one is asking you to be obese. More importantly, the picture or the post the OP made also also doesn’t advocate for an obese society, so your assumption that it is would be projection on your part, no?
If instead you’re saying you won’t tolerate other people in society being obese, that a very large problem because you don’t get to make those choices for others.
And if that makes me an outlier and you think I need to be medicated in order to conform to all the fat slobs in the world,
That’s a nice strawman, but it belongs to you, not me.
I suggested you need might want help because you saw a fairly innocuous wholesome picture of a cartoon character that enjoyed a meal and you wrote an entire narrative about how it would lead to the subject becoming obese and unhappy in life. That’s not a reaction most folks have. Does that seem okay with you that you saw something that would otherwise be considered cute or happy and you only saw darkness in it?
I’m frolicking at a nude beach right now and you probably wouldn’t feel comfortable here.
Continue to do that if it brings you joy and fulfillment and doesn’t hurt anyone.
- Comment on I Ate: Burrito. Am I happy now? 4 weeks ago:
If this is where your mind goes when presented with with the otherwise wholesome image in the OP, I’d really recommend you talk to someone. If you have clinical depression, it isn’t your fault. Its a chemical imbalance and there is help available. We’re all broken in some way. Some people wear their challenges on the outside, other are invisible on the inside. There is zero shame in seeking help.
- Comment on Don't try to stop me 4 weeks ago:
papyrus font is triggering
- Comment on Ok, boomer 4 weeks ago:
Just using the interest rate is an unfair comparison. You have to go get median house prices and median incomes as well to make a proper comparison. Just saying the rate was higher at some point is useless if we don’t also compare the prices and incomes because what really matters is affordability. Not saying your whole comment is wrong, just trying to say that this particular part seems to be biased in favor of the Boomers.
I’d written a big post already, and diving into all the details and nuance was too much to put in the initial post. You’re right that the interest rate alone isn’t a determining factor, but I’d also disagree that its objectively in favor of Boomers, perhaps subjectively though. Another factor to consider is that in the downpayment requirements. Today we talk about the “best practice” of putting 20% down on a home, but that’s today. The alternative of putting less-than 20% down and using PMI didn’t even exist as a concept until 1971. It grew in popularity later, but in the early days it wasn’t common. Further, with higher interest rates it meant that much lower pay down of the principal was occurring in the first few years of the mortgage because of amortization. It was the beginning of the age of moving more frequently for jobs, which meant less equity build up as each house sale cycle robbed them of that benefit of wealth, arguable the most valuable investment asset of the working class.
Median home price to median household income ratio This ratio is a key indicator of housing affordability
I appreciate you doing and sharing that analysis.
I think we both agree that its difficult to do an absolute comparison on the home buying/owning experience between the Boomer era and today’s Millennials (or GenZ) simply because so many conditions are different. We didn’t talk about Stagflation or unemployment rate in 1982 being 10.8% compared to today’s 4.3%. I pointed out the interest rate being higher because most folks approach new information as “all else being equal” conditions. The audience already knew that housing price was less in the Boomer era, additional it was known that income was higher proportionally to living expenses than today’s Millennials (or GenZ), what I doubted was common knowledge was the sky high interest rates compared to today. Thats what I was communicating.
- Comment on Ok, boomer 4 weeks ago:
Lead pipes are less of an issue that it would seem, as the pipes quickly develop a layer of calcium salts on the inside, preventing the water from actually coming into contact with the lead.
This right here.
If people remember the lead in drinking water contamination in Flint Michigan, its because they had lead pipes that were well coated with the protective layers and had no trouble with lead in water. Then the newly elected city manager changed water sources to cut costs against the advice of the water engineers in the city. The other source of water was more acidic and stripped out all that protective coating and suddenly there’s huge amounts of lead in the drinking water from the pipes.
- Comment on Ok, boomer 4 weeks ago:
I guess it’s to be expected. Boomers were raised in pure bliss, spent half their lives relatively stress-free. Everything was easy and cheap. When you live an easy life, you get used to being dumb, uninformed and lazy. The same would have probably happened to all zoomers in the same situation.
I’m not a boomer, but this isn’t quite a fair characterization. Yes, they had cheap college, affordable cars, housing, lots of upward mobility that most of us would love to have today, but they lived through some shit too. Boomers were in their youth when humanity had its closest brush with global nuclear war when the bombers were in the air flying during the Cuban Missile Crisis. They lived everyday with a really good chance the world was going to end in nuclear war. They were the last generation to see a compulsory military draft and many know high school friends that were drafted and died in Vietnam. We think interest rates are bad these days making borrowing expensive. No shit they were having to get mortgages with a minimum of 18% and 19%:
This says nothing about the many racial and sexual discrimination issues that those groups faced making basic life even harder. In Canada it wasn’t until 1964 that a woman could open her own bank account without her husband’s consent. In the USA, redlining preventing people of color from buying homes in better areas denying them untold billions of dollars of generational wealth from real estate appreciation.
Absolutely give the out-of-touch boomers that are dismissive of the problems young people are facing today the shit boomers deserve. They did so much to harvest the benefits of the last century and leave the bill to the younger generations while simultaneously destroying environment for the later generations to thrive the way they did. Just don’t forget that each generation has its problems too and there hasn’t been a generation yet that has been entirely carefree.
- Comment on AWS crash causes $2,000 Smart Beds to overheat and get stuck upright 5 weeks ago:
- Comment on tiny tot engineering 1 month ago:
- Comment on Anon shops for diamonds 1 month ago:
Fantasy Football (gridiron) was started upon the NFL game stats. There have been repeated citations of injuries to players, including many CTE cases, and these players frequently come up through the ranks from poverty as a method to earn scholarship education and income. The exploitation occurs because for many players, this may be their best path out of low economic conditions and are coerced to play when injured, and frequently discarded by football when they become injured leaving them with nothing.
- Comment on Anon shops for diamonds 1 month ago:
She absolutely might be, and anon should have a discussion with her to make sure that matches her preferences and desires.
- Comment on Anon shops for diamonds 1 month ago:
None of those are industries build on (modern) slavery and exploitation though.
You haven’t looked very deeply at the American Football industry where Fantasy Football derives its data/basis from then, then I take it.
- Comment on Anon shops for diamonds 1 month ago:
Shared values are certainly important. However, Anon may quickly learn that his importance on spending money on Fantasy Football, Warhammer, or automotive tuning (or whatever his hobby/vice may be) may also quickly get met by his alternate shared-values compatible wife when he finds one that doesn’t want a diamond engagement ring for being wasteful.
If anon is worried about the resale value of a wedding ring after the purchase, I’m not sure if he quite understands the purpose of a wedding ring.
