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Joined 1 year ago
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Cake day: July 13th, 2023

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  • When you mortgage a home as an investment property, you are leveraging your money 5-1 (on a 20% down payment)

    If rent covers 90% of the mortgage, you still make an absolutely huge profit amortized over the loan.

    If you consider the tax incentives (interest write off, depreciation, capital gains deferment, pass through deduction) the gap in the rent can be covered.

    Consider paying 50k down on a 250k house, the. Paying an additional 15 percent over the life of the loan (around 40k) to cover for gaps in rent.

    Over the life of the loan you turned 90 grand into 250 grand (and a house is an appreciating asset, so it will likely be worth more than 250 by the end of it all)

    Deduct depreciation (value of the home minus land value over 27.5 years) and carry over losses can even make up for the gap of rent you pay entirely over time.


  • For real open source projects, it’s a lot of the time not nerds working for free.

    All your favorite frameworks and libraries are often developed in house at big companies (angular, react, vue, tensorflow, Kafka, pytorch, k8s, Jenkins, and many many more).

    And even then, much of the development on them is done by people who are getting paid to use the frameworks at smaller companies.

    There are tons of examples the other way too of course, but even the Linux kernel is mostly corporate commits, Google, Huawei, Oracle, and others.

    This isn’t inherently bad, but it’s not as cut and dry as people make it out to be.

    I want to add, that language development is also often done by companies. Today for example is a Mozilla thing, and while a non profit, the devs aren’t working for free.



  • Takumidesh@lemmy.worldtoshitposting@lemmy.mlDemocrats are garbage
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    4 days ago

    Do you think all of the 90 million people who didn’t vote are in such a poor position that they can’t sit on their couch for 1 hour 2-3 times a decade to cast a mail in ballot?

    This isn’t some small marginalized group, it’s nearly 40 percent of the voting population. I mean, I just think that if you can’t do the bare minimum civic duty for your country because you are not excited enough for the candidate, it says a lot about your character.

    And voter accessibility is easier than ever, this was demonstrated by the fact that millions of more people voted in the previous election. Mail in, drop boxes, early voting, etc are more and more available. In 2020, 72% of the votes cast were done either early, by mail, or absentee.

    North Carolina, a red state, has online voting for blind or otherwise disabled people, mail in ballots, weeks of early voting, absentees voting, on site voter registration, automatic registration with the DMV, etc, had 400k MORE eligible voters and 200k less ballots cast than 2020.

    Absentee ballots are mailed out months in advance, meaning you have months to mark the form and send it back.

    I mean, I just fundamentally disagree, I think that people who don’t vote, generally don’t care, there are so many resources available, and saying that it’s some individual persons (Harris) fault for 90 million people failing to do their job, is just dumb.

    The actual reality, is that most people are inconsistent voters and they just can’t be bothered most of the time.


  • Takumidesh@lemmy.worldtoshitposting@lemmy.mlDemocrats are garbage
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    4 days ago

    It’s hard to vote when you have a several week window, can do it from your house, and 4 years to prepare? I just don’t see it.

    To add: about 9 million people work more than one job in the us.

    Assuming none of the people who work multiple jobs, whats with the other 80 million people?

    This isn’t some small marginalized population of people, it’s almost 40 percent of the eligible voting population.

    Y’all can downvote all you want, but don’t act like people have no agency in their lives and don’t act like their decisions aren’t theirs.


  • Takumidesh@lemmy.worldtoshitposting@lemmy.mlDemocrats are garbage
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    4 days ago

    I don’t give a shit if I reek of anything, I give a shit about the millions of people who fail to fulfil their civic duties.

    I’m blaming individuals for individually not doing their individual part.

    Deciding not to vote because it ‘feels’ a certain way is just stupid, I don’t care.

    I’ll add, rural people have no transit systems or infrastructure, they have to have running and maintained cars, and the ability to drive them, which would disproportionately affect disabled people and others that would have difficulty getting to physical polls.


  • How come rural, under educated voters are able to make it out every election without problems.

    I’m not going to defend people failing to do a simple task once every four years.

    You have four years to prepare for the event. And there are only two states that don’t offer early voting, and those states allow absentee ballots for people who won’t be home, have disabilities, or would otherwise struggle to vote in person. We have more resources available than ever, it’s easier than ever to vote, generally, thanks to widespread mail in voting adoption (which was demonstrated by a 6% higher turnout in 2020)

    I am sure you can find excuses for people here and there who were really truly unable, but 90 million eligible voters failed to do their civic duty. Even assuming every single homeless person was unable to vote, which is unlikely, that’s still 88.5 million that didn’t show up, and let’s take EVERY single person with a disability and assume they somehow couldn’t vote, that’s still 45 million people that didn’t show up. And let’s take EVERY single person under the poverty and assume they were unable to vote, then let’s assume there is absolutely zero overlap, you still have 10+ million people who didn’t show up, and that’s assuming not a single of the above people voted.

    Failing to prepare for something doesn’t excuse you from the failure of doing it.


  • I don’t understand this.

    Voting is easy and a basic civic duty we are taught about in middle school, in pretty much every state, you have weeks to do it, can drop off in mail boxes, ballot boxes, in person, early, etc.

    Presidential elections only happen every four years, and there are going to be very very few people who would not be aware that it’s happening well in advance.

    Not voting is just plain lazy, that’s all. It’s a responsibility that takes very little effort to do, there are multiple avenues provided to do it and you only have to do it two or three times a decade.

    No one is forcing me to take a shower every morning or brush my teeth, or go to work everyday, but I do it because it’s important, and my overall health and life is affected by it.





  • Well, a lot of stock trading isn’t as simple as just stock picking, buying and selling individual stocks.

    Much of the market is made up of derivatives trading, such as options, where you aren’t trading the stock itself, instead you are trading the option to buy the stock.

    The value of the option is derived from the value of the underlying asset, but it is not absolutely coupled to it (this is how a lot of the money is made, by finding market inefficiencies and capitalizing on things like slippage, where there is a mismatch in the value of the derivative and it’s underlying)

    What the person above is saying is that, when it becomes no longer profitable to trade underlying assets directly, new derivative markets will be invented that trade around other underlying assets.

    Think about unregulated Bitcoin trading for example, while contrived, imagine a crypto currency that is coupled with the price of another asset (these exist, like USDcoin) such as a stock, future, option, or something else.

    I should add, typically the derivative kind of collapse into the underlying at some point, but in the case of an option, it might be traded 100 times before that happens, during each of those trades the actual asset (e.g. the underlying stock) doesn’t actually change possession, and a given side of the contract may or may not be changing possession. If you write a call option for a 100 shares of Ford you own, you aren’t selling the stock unless the actual call gets assigned and you are required to fulfill the contract, but the ‘buyer’ side of the contract could have been sold 100 times in the meantime.

    All this to say, it’s complicated and there are lots of opportunities for shady shit to happen.








  • Trash disposal isn’t free, yea the dog poop is probably a negligent amount, but most people have to explicitly pay for trash disposal, and so filling up other people’s trash cans can either cause an additional financial burden on them, or mean that they can’t effectively dispose of all of their trash.

    It looks like in your case, each unit gets a can assigned to it, and service fees and replacements cost the individual directly, additionally, there are fines for trash violations, so having other people put unknown trash in your bins can result in a direct financial burden. I think it’s pretty reasonable to be relatively protective over your trash bin if you are the one that has to pay for service, replacements, and fees.