I'm surprised to see the lack of comp.risks here in the comments. Multics was a phenomenally well designed OS from a security perspective. So much so that NSA recruiters at college took an interest in you if you had Multics experience...
Lowering interest rates causes house prices to rise, since the total cost of the mortgage (typically principal and interest) is really what matters. If interest drops, then sellers will increase the price of their house, since buyers can afford it.
However, since the house price rises to compensate for low interest rates, the assessed value also rises, and property taxes then increase.
If a house was purchased at historically low interest rates, then chances are interest rates have risen in the 7 years since the house was purchased. Because interest rates have risen, new buyers cannot afford the new price (old price appreciating 4% per year). The original buyer will not make as large a profit when selling.
The ideal scenario for a home buyer is Carter-era interest rates of 16%. After buying a house and watching historically *high* interest rates drop, the home buyer can refinance at a lower rate.
As a potential home buyer, I'm of course quite upset at the govt/wall street's machinations to keep house prices artificially high. What happened to supporting affordable housing?
As another person pointed out on the OpenBSD list, see http://taviso.decsystem.org/virtsec.pdf for Tavis Ormandy's analysis of various VM's -- attack methods were exploiting bugs in the x86 architecture as well as invalid I/O device communication.
Basic model w/ cassette. Presumably like many others wrote a program to catalog what was on the cassette. Didn't have the patience to type in the monstrous code for the game programs in the magazines, however I *do* have an original Wumpus book. I tried selling it on Amazon, but they don't have a listing for Wumpus!
What I really wanted was a Sage http://www.old-computers.com/museum/computer.asp?c =607 . Advertised in Byte, it supported a phenominal amount of languages, including FORTRAN, BASIC, Pascal, and others. However, it was way out of my price range!
Next machine was IBM PC, complete w/ monochrome monitor. I wish terminals today were as good as that monitor. Lovely to look at!
Of course, I also recall Wang computers having monitors that could display a complete 8 1/2 x 11 inch. Truly a pity that never caught on!
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I'm surprised to see the lack of comp.risks here in the comments. Multics was a phenomenally well designed OS from a security perspective. So much so that NSA recruiters at college took an interest in you if you had Multics experience...
Lowering interest rates causes house prices to rise, since the total cost of the mortgage (typically principal and interest) is really what matters. If interest drops, then sellers will increase the price of their house, since buyers can afford it.
However, since the house price rises to compensate for low interest rates, the assessed value also rises, and property taxes then increase.
If a house was purchased at historically low interest rates, then chances are interest rates have risen in the 7 years since the house was purchased. Because interest rates have risen, new buyers cannot afford the new price (old price appreciating 4% per year). The original buyer will not make as large a profit when selling.
The ideal scenario for a home buyer is Carter-era interest rates of 16%. After buying a house and watching historically *high* interest rates drop, the home buyer can refinance at a lower rate.
As a potential home buyer, I'm of course quite upset at the govt/wall street's machinations to keep house prices artificially high. What happened to supporting affordable housing?
As another person pointed out on the OpenBSD list, see http://taviso.decsystem.org/virtsec.pdf for Tavis Ormandy's analysis of various VM's -- attack methods were exploiting bugs in the x86 architecture as well as invalid I/O device communication.
Basic model w/ cassette. Presumably like many others wrote a program to catalog what was on the cassette. Didn't have the patience to type in the monstrous code for the game programs in the magazines, however I *do* have an original Wumpus book. I tried selling it on Amazon, but they don't have a listing for Wumpus! What I really wanted was a Sage http://www.old-computers.com/museum/computer.asp?c =607 . Advertised in Byte, it supported a phenominal amount of languages, including FORTRAN, BASIC, Pascal, and others. However, it was way out of my price range!
Next machine was IBM PC, complete w/ monochrome monitor. I wish terminals today were as good as that monitor. Lovely to look at!
Of course, I also recall Wang computers having monitors that could display a complete 8 1/2 x 11 inch. Truly a pity that never caught on!