so it works in a big open park in the middle of a city. it doesn't work at all in the middle of a farm, or between cities. It's sketchy on the street between two buildings. And it's intermittant in the underground parking garage.
tvision rabbit ears always worked well. they never needed crazy adjusting, nor aluminum foil.
I'll say to you the same thing that I say to my friends and to my clients. Stop using math. Start counting with your fingers and with your toes. Stop calculating with percentages, rates, divisions, algorithms, and expressions. Just sit down with the next 30 calendars, write down onto every day of every month what you expect to happen, what you expect to earn, and what you expect to pay. Then just count up all of the dollar amounts. Do it again for the second scenario. See which works bettor for your planned future.
Math and calculus and arithmetic are all fine and good when brute-force isn't reasonable. But in this case, with 30 years of your life and most of your spendable income, in only takes a few hours to go through that many calendars. Sit down, do it, and decide with pure counting. Then no one can screw with you, and no one can convince you of something, and it'll be your life's planned numbers not someone's else's marketable expectations of your future success.
why would you assume that I don't invest my money elsewhere? You, like so many others, forget that I can borrow against my home equity as I pay it down. Similarly, I don't need to be liquid to be able to by liquid. I can convert my equity to liquidity in 48 hours at any time. You're choosing to be liquid in advance of needing to be, and you're paying for that unused benefit.
So think what you're thinking again, but first: a) know that within 48 hours, I can switch from me to you 100%, or any partial-way in-between
b) as I pay down my mortgage, I can borrow the money back out and invest it in anything I choose
c) investments that "average" more than 3.5% isn't enough -- that average doesn't compete with your compounded mortgage interest, and investments come and go and fluctuate. When your investment does poorly for ten days, your mortgage rate still compounds at full-speed.
d) my emergency reserve is actually saving me thousands of dollars by being paid into my mortgage right from the start until I actually have that emergency. Think about how much more interest you pay for every $1'000 you keep in your emergency reserve instead of in your mortgage. Think hard. If your mortgage is 30 years, and you wind up paying an average of 5% over those years, then that's like borrowing that $1'000 emergency dollars for 30 years! Based on a few things, you're likely going to pay well over 50% interest! That's over $500 dollars of interest on your $1'000 of emergency! So now you need to budget twice as much for any emergency! That's ridiculous!
No one ever obligated you to be an employee. Think harder boy. If you obligate yourself to be an employee -- and you're the only one who does -- no one said you need to go through HR to apply for a job. Think harder again.
For the record, I didn't go through HR to get my various employee-jobs. And I'm not an employee at all anymore.
Keep reading my other replies. I wouldn't agree. You've said what others have said -- that there are other investments that I'm not making. You've forgotten that I can borrow against my own home equity and invest that money. My equity grows faster than yours, and as it does, I have less interest.
You're simply paying more interest. You're losing money. But you're comparing your 30 years of interest with 10 years of investment against my 10 years of interest -- of course yours is going to be better. You should be comparing it against my 10 years of interest plus 9 years of growing investment. Then you lose.
And if you company the 30 years against the 30 years -- cradle-to-grave -- then you lose by leaps and bounds.
But hey, you're not putting your name to your arguments, so it's no wonder that you don't understand the value of things -- your name doesn't have any.
you've presumed, incorrectly, one VERY major thing: that I don't borrow against the equity in my home. You've added an investment on their side, but not on mine. Do the exact same calculation again, but this time have me borrow from my own home equity.
That $9'000 isn't a mystery. It's very simply 4.0% - 3.5%. The fact that you chose that nominal investment at 4% was arbitrary. It could have 24% and the number would be bigger.
So give me the same investment. As I pay down my mortgage, use the built-up equity to invest in that same nominal investment. Because I'm paying down my mortgage much faster, I'm building up my equity much faster, so I'm investing into that nominal investment much more.
The point is that I can always hedge my bets and invest in more stuff. I can play one investment against another as long as I like. But the more interest I pay on loans, the less I have to invest.
Also, why in hell would I want to pay 4% today? I've beet paying 2.5% for the last 6 years. Right now, I'm paying 2.24%. If I were paying 4%, I'd be burning $2'500 per year, compounded! And because I'm paying down large chunks every year, now is the time that I really want to pay a lower rate. Later, when my mortgage is much much smaller, the rate matters less.
So again, welcome to compound interest. I'm paying a low rate on my currently high mortage. Later I'll be paying a high rate on a low mortgage. That's cool. But you, on the other hand, right now are paying a high rate on a high mortgage and later you'll be paying a low rate on a low mortgage.
Do the math. Get it down to actual dollars out of your wallet. You're wasting boat-loads of money. All you're getting for it is peace of mind that things won't change over 30 years. That's easy when you screw yourself today.
That's got nothing to do with the mortgage. The fact that you can compensate elsewhere is always true. By that logic, if I have a super-successful stock or business opportunity, then I can pay 90% interest on my mortgage too.
Actually, you are totally and completely incorrect, you don't get to upgrade from a 450 house to a 900 house after 10 years. That's the major big huge mis-information spread to you and to everyone. In order to do what you've said, you'd need a time-travel machine.
After the 10 years, your house isn't worth 450, it's worth 900 -- and so is the next house you buy.
So, in 2024, my 2014-450 house is a 2024-900 house. The second house that I buy in 2024 is another 2024-900 house, which was a 2014-450 house.
Unless you "down-size", you're never affording anything more. It's just a bigger number because everything's a bigger number. You need to sell your house and not buy a new house in order to benefit from the appreciation at all.
Welcome to marketing: they tell you that you're smart, so you don't realize that you're stupid.
Ultimately, the benefit to your mortgage is that you're investing in real-estate that appreciates. If your $450'000 house appreciates to $900'000, and you spent $150'000 in interest, then you got a 67% return on your investment over ten years. That's a pretty shitty return for a long-term investment. You could have invested in many things that would give you a much better return, and much more reliably too. But none of that matters because you're about to buy another house the day you sell, so all of this only applies to an investment property, not to your own home.
But look at this. In a thread about not understanding how mortgages, interest, and compound interest relate to actual dollars, you're a text-book anonymous example.
Because their parents don't either. At 12 they might have understood. They forgot by 18. Just look at the number of adults with mortgages for 20+ years. Better yet, ask someone "how much interest are you paying on your mortgage". If you ask me, I'll say $12'000. It's a $450'000 purchase, a $230'000 mortgage, I'll pay an average of 3.5% interest per year, I'll have paid it off in 10 years.
But ask anyone else, and in my position they'll say 3.5%. They forget the "per year" part of that entirely. So they take 20 years, or 30 years, instead of my 10 years, and instead of paying $12'000 total interest on $230'000 total loan, they pay closer to $100'000 total interest, or 40%!
The most frustrating part is that I didn't make it up. Even at the bank, when I applied for or renew my mortgage, they give you the year-by-year breakdown of interest and absolute dollars. All you need to do is to look at the bottom line of the chart. On mine, it says $242'000 repaid. On their, it says $330'000 repaid.
They don't need to understand compound interest, and doing so isn't actually sufficient here. They need to understand the concept of units of measure. In a loan repayment, that unit isn't "percent". As my mother would ask: "percent of what?!". It's "dollars per year". If you understand units of measure, then you understand that dollars per year doesn't tell you how many dollars.
And if you understand marketing, then you understand that smaller bi-weekly doesn't make the dollar amount smaller than normal monthly payments.
I think people have lost the entire concept of a rich vocabulary. "restrict" does not equal "ban". I'm restricted from driving without corrective eye lenses -- glasses or contacts. I'm not banned from driving.
Whether or not a device (google glass, texting, voice calls, non-hands-free calls, et cetera) is "safe" is completely and totally irrelevant. Yet another arbitrary definition of safe, another arbitrary experiment to figure it out, and now an arbitrary time to make the decision. It's all typical law-makers not knowing how to make laws.
So here's my solution. It's very simple. It requires no new experiments, no new decisions, and works forever with all future devices for all time.
If you can pass the drivers' road-test to qualify for a drivers' licence, whilst using the device, then it's safe enough for driving.
That's how it works with corrective eye lenses, and always has. I can opt to take the eye test with or without them. And I can pass or fail as a result.
So, take the road test while on the phone. Take the road test while texting. Take the road test while using google glass. I don't care. Most intelligent human beings can be trained to do just about anything. I shouldn't be restricted from something just because others never took the time to learn. At the same time, most human beings aren't intelligent enough to learn anything. They are the ones who are welcome to try then fail.
So that's it. Take the road test with a ministry person on the other end of the phone through a basic conversation. You can drive well. You can crash into the dumster. You can hang up to avoid crashing into the dumpster.
Welcome to evolution, adapting, training, and learning.
4) streaming tvision: hardware: tv set costly + carrier box costly. carrier: on-going cost. content: netflix-driven, on-going cost. advertizers don't exist. netflix pays carriers. summary: customers pay for hardware, carrier service, and netflix service. carriers get money from customers and from netflix.
When a mechanic makes a change to my car, that mechanic is quite legally responsible for the change. That includes some amount of testing. When automatic updates occur, the user has always been responsible for testing it.
There's a big huge enormous line between money/business/phone/convenience/toy and car/safety/life/injury/toy.
In any event, in any device, in any change, some human needs to be responsible for it. When it comes to my car, that someone can't just be me. When it comes to my sister, it can't be her. It's that simple.
The whole point of locking my car, and my trunk, is to prevent access to it. I have zero interest is some skeezy delivery man opening my trunk. Forget about my sensitive business documents, and my expensive roadside safety equipment, what I really don't want the delivery guy to see is the package from the previous delivery guy.
Quite frankly, I'd prefer to give him a key to my house -- at least then he doesn't need to re-organize my stuff to make room.
Of course, it'd be a lot easier to give him the key to the tool shed in my backyard.
But easier than all of that is what I do right now -- leave it with the neighbour.
And finally, the best option of all, just leave it at the front door. It's a safe neighbourhood. If it weren't, I wouldn't have chosen to spend hundreds upon hundreds of thousands of dollars to keep all of my stuff there.
I meant in the more general case. I'm guessing that within 6 years, tapping communication lines will be considered an act of war by someone. It'll be the moment after someone realizes that there's no way to secure any network.
If you were to think harder, you could consider many more options than 3-year old pizza. Or, you can continue to be a disappointed disappointment.
You might choose to read more, instead of thinking harder. Sometimes other people have already thought harder, and write it down in order to save you the trouble of thinking at all. That way, you can just spit back what someone else thinks, and never need to contribute anything of your own. Historically, we call that "syndication", "publication", "distribution", "plagiarism", "copying", and plain-old-just-being "lazy".
...or is it that you don't have any other problems that you know how to solve?
I'd say your country has internal problems that far outweight anything environmental. With a billion dollars, you'd figure some problems could get a nice boost. Maybe food-related problems. Maybe job-related problems. Maybe home-related problems. Maybe defficit-related problems. Maybe drug-related problems. Maybe school shooting-related problems. At least focus on the environmental problems that are killing you -- like landslides and earthquakes and volcanoes and hurricanes.
I think that you are, once again, trying to abandon existing problems in favour of new problems simply to make it look like you're progressing.
Slashdot Mirror
so it works in a big open park in the middle of a city. it doesn't work at all in the middle of a farm, or between cities. It's sketchy on the street between two buildings. And it's intermittant in the underground parking garage.
tvision rabbit ears always worked well. they never needed crazy adjusting, nor aluminum foil.
I'll say to you the same thing that I say to my friends and to my clients. Stop using math. Start counting with your fingers and with your toes. Stop calculating with percentages, rates, divisions, algorithms, and expressions. Just sit down with the next 30 calendars, write down onto every day of every month what you expect to happen, what you expect to earn, and what you expect to pay. Then just count up all of the dollar amounts. Do it again for the second scenario. See which works bettor for your planned future.
Math and calculus and arithmetic are all fine and good when brute-force isn't reasonable. But in this case, with 30 years of your life and most of your spendable income, in only takes a few hours to go through that many calendars. Sit down, do it, and decide with pure counting. Then no one can screw with you, and no one can convince you of something, and it'll be your life's planned numbers not someone's else's marketable expectations of your future success.
why would you assume that I don't invest my money elsewhere? You, like so many others, forget that I can borrow against my home equity as I pay it down. Similarly, I don't need to be liquid to be able to by liquid. I can convert my equity to liquidity in 48 hours at any time. You're choosing to be liquid in advance of needing to be, and you're paying for that unused benefit.
So think what you're thinking again, but first:
a) know that within 48 hours, I can switch from me to you 100%, or any partial-way in-between
b) as I pay down my mortgage, I can borrow the money back out and invest it in anything I choose
c) investments that "average" more than 3.5% isn't enough -- that average doesn't compete with your compounded mortgage interest, and investments come and go and fluctuate. When your investment does poorly for ten days, your mortgage rate still compounds at full-speed.
d) my emergency reserve is actually saving me thousands of dollars by being paid into my mortgage right from the start until I actually have that emergency. Think about how much more interest you pay for every $1'000 you keep in your emergency reserve instead of in your mortgage. Think hard. If your mortgage is 30 years, and you wind up paying an average of 5% over those years, then that's like borrowing that $1'000 emergency dollars for 30 years! Based on a few things, you're likely going to pay well over 50% interest! That's over $500 dollars of interest on your $1'000 of emergency! So now you need to budget twice as much for any emergency! That's ridiculous!
No one ever obligated you to be an employee. Think harder boy. If you obligate yourself to be an employee -- and you're the only one who does -- no one said you need to go through HR to apply for a job. Think harder again.
For the record, I didn't go through HR to get my various employee-jobs. And I'm not an employee at all anymore.
Dude you're arguing with me by stating my point? Use your name and learn to read or shut up and get lost.
Keep reading my other replies. I wouldn't agree. You've said what others have said -- that there are other investments that I'm not making. You've forgotten that I can borrow against my own home equity and invest that money. My equity grows faster than yours, and as it does, I have less interest.
You're simply paying more interest. You're losing money. But you're comparing your 30 years of interest with 10 years of investment against my 10 years of interest -- of course yours is going to be better. You should be comparing it against my 10 years of interest plus 9 years of growing investment. Then you lose.
And if you company the 30 years against the 30 years -- cradle-to-grave -- then you lose by leaps and bounds.
But hey, you're not putting your name to your arguments, so it's no wonder that you don't understand the value of things -- your name doesn't have any.
you've presumed, incorrectly, one VERY major thing: that I don't borrow against the equity in my home. You've added an investment on their side, but not on mine. Do the exact same calculation again, but this time have me borrow from my own home equity.
That $9'000 isn't a mystery. It's very simply 4.0% - 3.5%. The fact that you chose that nominal investment at 4% was arbitrary. It could have 24% and the number would be bigger.
So give me the same investment. As I pay down my mortgage, use the built-up equity to invest in that same nominal investment. Because I'm paying down my mortgage much faster, I'm building up my equity much faster, so I'm investing into that nominal investment much more.
The point is that I can always hedge my bets and invest in more stuff. I can play one investment against another as long as I like. But the more interest I pay on loans, the less I have to invest.
Also, why in hell would I want to pay 4% today? I've beet paying 2.5% for the last 6 years. Right now, I'm paying 2.24%. If I were paying 4%, I'd be burning $2'500 per year, compounded! And because I'm paying down large chunks every year, now is the time that I really want to pay a lower rate. Later, when my mortgage is much much smaller, the rate matters less.
So again, welcome to compound interest. I'm paying a low rate on my currently high mortage. Later I'll be paying a high rate on a low mortgage. That's cool. But you, on the other hand, right now are paying a high rate on a high mortgage and later you'll be paying a low rate on a low mortgage.
Do the math. Get it down to actual dollars out of your wallet. You're wasting boat-loads of money. All you're getting for it is peace of mind that things won't change over 30 years. That's easy when you screw yourself today.
I like that you think interest rates will never go down over thirty years. Keep up that gud thunking.
Here's a tip. You're confusing "interest rates" and "inflation". They are tied together in causation, but their values are not tied at all.
That's got nothing to do with the mortgage. The fact that you can compensate elsewhere is always true. By that logic, if I have a super-successful stock or business opportunity, then I can pay 90% interest on my mortgage too.
Actually, you are totally and completely incorrect, you don't get to upgrade from a 450 house to a 900 house after 10 years. That's the major big huge mis-information spread to you and to everyone. In order to do what you've said, you'd need a time-travel machine.
After the 10 years, your house isn't worth 450, it's worth 900 -- and so is the next house you buy.
So, in 2024, my 2014-450 house is a 2024-900 house. The second house that I buy in 2024 is another 2024-900 house, which was a 2014-450 house.
Unless you "down-size", you're never affording anything more. It's just a bigger number because everything's a bigger number. You need to sell your house and not buy a new house in order to benefit from the appreciation at all.
Welcome to marketing: they tell you that you're smart, so you don't realize that you're stupid.
Ultimately, the benefit to your mortgage is that you're investing in real-estate that appreciates. If your $450'000 house appreciates to $900'000, and you spent $150'000 in interest, then you got a 67% return on your investment over ten years. That's a pretty shitty return for a long-term investment. You could have invested in many things that would give you a much better return, and much more reliably too. But none of that matters because you're about to buy another house the day you sell, so all of this only applies to an investment property, not to your own home.
But look at this. In a thread about not understanding how mortgages, interest, and compound interest relate to actual dollars, you're a text-book anonymous example.
Because their parents don't either. At 12 they might have understood. They forgot by 18. Just look at the number of adults with mortgages for 20+ years. Better yet, ask someone "how much interest are you paying on your mortgage". If you ask me, I'll say $12'000. It's a $450'000 purchase, a $230'000 mortgage, I'll pay an average of 3.5% interest per year, I'll have paid it off in 10 years.
But ask anyone else, and in my position they'll say 3.5%. They forget the "per year" part of that entirely. So they take 20 years, or 30 years, instead of my 10 years, and instead of paying $12'000 total interest on $230'000 total loan, they pay closer to $100'000 total interest, or 40%!
The most frustrating part is that I didn't make it up. Even at the bank, when I applied for or renew my mortgage, they give you the year-by-year breakdown of interest and absolute dollars. All you need to do is to look at the bottom line of the chart. On mine, it says $242'000 repaid. On their, it says $330'000 repaid.
They don't need to understand compound interest, and doing so isn't actually sufficient here. They need to understand the concept of units of measure. In a loan repayment, that unit isn't "percent". As my mother would ask: "percent of what?!". It's "dollars per year". If you understand units of measure, then you understand that dollars per year doesn't tell you how many dollars.
And if you understand marketing, then you understand that smaller bi-weekly doesn't make the dollar amount smaller than normal monthly payments.
I think people have lost the entire concept of a rich vocabulary. "restrict" does not equal "ban". I'm restricted from driving without corrective eye lenses -- glasses or contacts. I'm not banned from driving.
Whether or not a device (google glass, texting, voice calls, non-hands-free calls, et cetera) is "safe" is completely and totally irrelevant. Yet another arbitrary definition of safe, another arbitrary experiment to figure it out, and now an arbitrary time to make the decision. It's all typical law-makers not knowing how to make laws.
So here's my solution. It's very simple. It requires no new experiments, no new decisions, and works forever with all future devices for all time.
If you can pass the drivers' road-test to qualify for a drivers' licence, whilst using the device, then it's safe enough for driving.
That's how it works with corrective eye lenses, and always has. I can opt to take the eye test with or without them. And I can pass or fail as a result.
So, take the road test while on the phone. Take the road test while texting. Take the road test while using google glass. I don't care. Most intelligent human beings can be trained to do just about anything. I shouldn't be restricted from something just because others never took the time to learn. At the same time, most human beings aren't intelligent enough to learn anything. They are the ones who are welcome to try then fail.
So that's it. Take the road test with a ministry person on the other end of the phone through a basic conversation. You can drive well. You can crash into the dumster. You can hang up to avoid crashing into the dumpster.
Welcome to evolution, adapting, training, and learning.
1) fm radio. hardware: free. carrier: free. content: station-driven. advertizers pay radio stations. audience listens to content. summary: free to customers.
2) OTA tvision. hardware: costly. carrier: free. content: channel-driven. advertizers pay tv channels. viewers watch content. summary: one-time hardware cost to customers.
3) cable tvision. hardware: costly. carrier: on-going cost. content: network-driven. advertizers pay tv networks. viewers watch content. summary: customers never stop paying.
4) streaming tvision: hardware: tv set costly + carrier box costly. carrier: on-going cost. content: netflix-driven, on-going cost. advertizers don't exist. netflix pays carriers. summary: customers pay for hardware, carrier service, and netflix service. carriers get money from customers and from netflix.
We've come a long way.
When a mechanic makes a change to my car, that mechanic is quite legally responsible for the change. That includes some amount of testing. When automatic updates occur, the user has always been responsible for testing it.
There's a big huge enormous line between money/business/phone/convenience/toy and car/safety/life/injury/toy.
In any event, in any device, in any change, some human needs to be responsible for it. When it comes to my car, that someone can't just be me. When it comes to my sister, it can't be her. It's that simple.
The whole point of locking my car, and my trunk, is to prevent access to it. I have zero interest is some skeezy delivery man opening my trunk. Forget about my sensitive business documents, and my expensive roadside safety equipment, what I really don't want the delivery guy to see is the package from the previous delivery guy.
Quite frankly, I'd prefer to give him a key to my house -- at least then he doesn't need to re-organize my stuff to make room.
Of course, it'd be a lot easier to give him the key to the tool shed in my backyard.
But easier than all of that is what I do right now -- leave it with the neighbour.
And finally, the best option of all, just leave it at the front door. It's a safe neighbourhood. If it weren't, I wouldn't have chosen to spend hundreds upon hundreds of thousands of dollars to keep all of my stuff there.
Like I said. That will change within 6 years.
...or you can choose to invent three-year-old pizza.
We're not talking about the soldier. We're talking about the military itself as a whole.
I meant in the more general case. I'm guessing that within 6 years, tapping communication lines will be considered an act of war by someone. It'll be the moment after someone realizes that there's no way to secure any network.
If you were to think harder, you could consider many more options than 3-year old pizza. Or, you can continue to be a disappointed disappointment.
You might choose to read more, instead of thinking harder. Sometimes other people have already thought harder, and write it down in order to save you the trouble of thinking at all. That way, you can just spit back what someone else thinks, and never need to contribute anything of your own. Historically, we call that "syndication", "publication", "distribution", "plagiarism", "copying", and plain-old-just-being "lazy".
Enjoy!
If it isn't yet considered an act of war, it's soon going to be. Wait for it. Shit's about to get interesting.
Since yours hasn't solved even one of them.
you must be kidding. those are the only two alternatives that you can figure? think harder please.
still have zero interest in eating that one. makes no difference where I am.
...or is it that you don't have any other problems that you know how to solve?
I'd say your country has internal problems that far outweight anything environmental. With a billion dollars, you'd figure some problems could get a nice boost. Maybe food-related problems. Maybe job-related problems. Maybe home-related problems. Maybe defficit-related problems. Maybe drug-related problems. Maybe school shooting-related problems. At least focus on the environmental problems that are killing you -- like landslides and earthquakes and volcanoes and hurricanes.
I think that you are, once again, trying to abandon existing problems in favour of new problems simply to make it look like you're progressing.