That’s valid, but if it’s a dump I would have a hard time describing it as an asset, at least in the financial sense. But I suppose it could be if you’re willing to put in the work to fix it up.
That’s valid, but if it’s a dump I would have a hard time describing it as an asset, at least in the financial sense. But I suppose it could be if you’re willing to put in the work to fix it up.
Even if it’s not, houses appreciate 5% a year on average. Assuming average appreciation over 10 years that house is now worth ~163% of its original value. That means that the mortgage was taken out for ~61% of what a comparable house would go for today which assuming the same interest rate would be a fairly significant reduction in the monthly payment. You also have the potential to refinance to further reduce that monthly payment.
Or you could sell it and get that 10 years of equity + appreciation out in cash and that might be enough for a sizable down payment elsewhere.
TL;DR unless your parent’s place is a dump in a low demand area it’s an asset even if it isn’t paid off.
I didn’t go into tech for the money, but after several years of grinding I’m definitely at the point where I’m only still in it for the money. I don’t even want to think about computers outside of work anymore.
I’m the US, the EPA was created in the 1970’s. We definitely have less pollution (of certain types) today than we did in the past. Some notable examples of how disgustingly polluted American skies and waterways were in the past:
Coal Production has also been declining
And then of course less visible examples like the Montreal Protocol stopping corporations from depleting the ozone layer.
My point is in terms of greenhouse gas production we are much higher than in the 60’s and 70’s, but we have massively improved in a lot of areas. Of course there is still room to improve.
I know how pitiful our rail networks are. I take Amtrak regularly. It’s faster to drive. It shouldn’t be, but it is. Obviously I’m not talking about today, but building improved rail infrastructure over the next decade is very realistic and a worthwhile investment. Unfortunately the investment Amtrak has gotten isn’t enough to modernize our rail network, and a lot of that money is being used to improve privately owned rail lines that Amtrak leases for their passenger service.
My point was that the US doesn’t have distances that are insurmountable that can only be traveled via plane. It’s an investment issue.
A lot of those flights could be replaced with high speed rail. Maybe not New York to LA, but a lot of people live in the cities in the northeast and travel between those cities would be very feasible at reasonable travel times with high speed rail.
I wish you could buy a decent house for 500k in NYC…
I work in software and I haven’t touched windows in a very long time. Even back whenever I worked on FPGA development all of that software ram on Linux, so I think you’ll find that this is very field dependent.
You may already know this, but this depends on the focal length of the lens. For example, a 50mm focal length on a 35mm camera will represent objects in the background fairly accurately. Larger focal lengths have background compression, making their background look closer than it actually is. Focal lengths below 50mm will have the opposite effect, making backgrounds appear further away.
Some phones with multiple cameras have a 50mm (or similar) effective focal length lens as one of the options. Basically without knowing the focal length of the lens it’s hard to say how accurately the distance of the background is portrayed.
This is generally the thought process that Marxists have. The USSR definitely wasn’t perfect, but it is the first real example that the proletariat was capable of uniting and other throwing the capitalist system. The USSR is fantastic to study to try and determine why it failed. Similarly China is a great resource to study to understand how capitalism can be re-established from within the party.
Most modern communist groups actively engaging in an attempt at revolution were inspired by the Chinese revolution and the cultural revolution that came after it, but none of them are trying to recreate the USSR or China because as we can clearly see those states failed to maintain a socialist character.
I don’t game much, but with the few games I do occasionally play I’ve had really good success at getting them to run on Linux under proton. It’s way better than it was even a few years ago.