g2ah5z

9 ms·

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by g2ah5z 7y ago
Except that student loan debt can't be discharged in bankruptcy. These ultra risky loans are being extended precisely because the government essentially removed all of the risk.
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by g2ah5z 7y ago
I was referring to Prop 13, rent control laws, federal tax breaks given to homeowners, and the numerous subsidized home loan products provided by Fannie, Freddie, the Federal Housing Administration, and the Veterans Administration. All of t
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by g2ah5z 7y ago
This is the great irony of government intervention in the economy. When they try to make housing more affordable, it becomes dramatically less affordable. When they try to make college more accessible, it ends up raising the cost of tuition
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by g2ah5z 7y ago
I went to college at Illinois State University, which is in Normal, IL. The thought of there being a surf shop in a town that's in a middle of a cornfield with no water nearby just cracks me up.
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by g2ah5z 7y ago
> Capitalism is a prerequisite for lobbying. Regulations are not. In order for lobbying to be effective, there must be a large and powerful government which can be lobbied to. The reason the farm lobby spends millions of dollars is becau
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by g2ah5z 7y ago
I self-manage since my properties are in the same small city that I live in. It's not the much work. I love AirBnB but you have to be careful with it - a lot of towns and cities have outright banned short-term rentals or at least made
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by g2ah5z 7y ago
Same, although I have four rental units and one AirBnB. I wasted years of my 20s trying to come up with a monetizable SaaS product until I realized that I could earn passive income through "boring" businesses like rental propertie
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by g2ah5z 7y ago
> It amazes me that they didn't call his bluff. They could have said, "We'll let you keep some of your shares, so if this ever works out, you'll make some good money." If they had said that, Neumann would have ju
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by g2ah5z 7y ago
They're extremely easy to grow yourself.
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by g2ah5z 7y ago
Yes, it's effectively a higher interest rate on the entire loan, but my point was that you don't need a massive amount of cash up front to close the deal.
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by g2ah5z 7y ago
You only need 3.5% down with an FHA loan. To put that in perspective, a $300,000 home would only require $10,500 down.
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by g2ah5z 7y ago
There's a very simple solution to making the government less susceptible to regulatory capture - make it as small as possible.
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by g2ah5z 7y ago
You also see it in crumbling roads, ancient subway systems, shitty public schools, dumb regulations that make the market less competitive, "affordable" housing initiatives that make housing less affordable, pointless subsidies for