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Joined 1 year ago
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Cake day: 16 June 2023

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  • Their names are on the titles, they own the homes. Their banks - the mortgage lenders - hold a rights to a lien placed on the property, but they have no title to the property unless they enforce the terms of their lending contract in the event of default.

    The owners making 500k may very well be just a few months from foreclosure if they lose their job, but they likely have at least 20% (likely much more unless they bought at a premium two years ago) equity and can probably salvage at least half - even after fees - if they were to become “destitute” and undertook a regular sale of the property. 10% of a million dollars (or more), for most of the country, is still a healthy sum of money.




  • can’t fuck off from our responsibilities when we can’t be arsed with minimal consequences

    This might be the most (long term) depressing thing about adult life. Having a class for a semester or a year means that the mental overhead of a class builds up but, when you’re done, that demand is gone and you start over without baggage next term. Jobs build up that overhead, but it just never lets off, ever, unless you quit to take a new job. Switching (professional) jobs is similar to a semester/year end and - esp if you can swing a couple weeks in between - gives you that re-zeroing and that little honeymoon period at the beginning like the start of a class when you don’t have homework yet. The difference is that the switch often occurs on a scale of a decade, not a year.