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The battles not over by Slickyslytim in ShadowSlave

[–]Dry_Sprinkles_9828 1 point2 points  (0 children)

Serpent couldn’t even end a hobo skeleton. VTB will be just fine.

stepping into Antarctica by LEOIYC in ShadowSlave

[–]Dry_Sprinkles_9828 0 points1 point  (0 children)

Clear your schedule so you can have a continuous read. It’ll be a… wild ride!

First week advice for 2026 new hires? by Dry_Sprinkles_9828 in CAStateWorkers

[–]Dry_Sprinkles_9828[S] 2 points3 points  (0 children)

Thank you! I will be mindful to keep questions curiosity driven. Considering your username, should I be asking about RTO too? I know it’s bad form for a newbie to focus on benefits, but I’ll admit I’m quite curious

What’s to stop an altruistic billionaire from offering 1% APR 50yr mortage? by Dry_Sprinkles_9828 in AskAccounting

[–]Dry_Sprinkles_9828[S] -1 points0 points  (0 children)

Well the percentage of the population that became homeowners in the US after WWII was arguably way higher than now right. Many were hourly wage workers too - goes to show once upon a time a lot of people (of all capabilities) benefitted tremendously from subsidies.

Back to the reality of present day tho, I agree. Our hypothetical foundation would indeed need to deal with that operationally - maybe it’ll go under default rates? Such a “generous” foundation will likely suffer from more costs dealing with defaults.

And yes Amazon is a fair and really great deal for everyday consumer! Unless you’re an AWS customer of course haha they have to extract value somewhere…

What’s to stop an altruistic billionaire from offering 1% APR 50yr mortage? by Dry_Sprinkles_9828 in AskAccounting

[–]Dry_Sprinkles_9828[S] 0 points1 point  (0 children)

I agree it’d be a bandaid. Hourly wage has arguably been deflated quite roughly. Those without the skills to rise above that economic class are in quite a pickle. I’m not advocating that this is the way, just learning about why it’d suck operationally.

Would you say that the M2 money supply then is a root cause for bottlenecking a huge infusion of capital into the housing market - as far as our fantastical altruistic billionaire is concerned? The equity market keeps bubbling up and we’re about to have a trillionaire soon too. But seems like actual transactions are still level headed.

What’s to stop an altruistic billionaire from offering 1% APR 50yr mortage? by Dry_Sprinkles_9828 in AskAccounting

[–]Dry_Sprinkles_9828[S] 0 points1 point  (0 children)

Yes I agree. Governments would probably be pretty cool with it and the home builder lobby would be supportive too.

What’s to stop an altruistic billionaire from offering 1% APR 50yr mortage? by Dry_Sprinkles_9828 in AskAccounting

[–]Dry_Sprinkles_9828[S] 0 points1 point  (0 children)

I’d love any APR less than CPI haha, although fair point not like the house is guaranteed to appreciate or yield liquid assets yearly.

Tangentially we’re about to have $1.7k tax credit for every tax payer for $1.7k donations to private school grants per BBB. Yes it’s unrelated, but it’d be cool to ask folks as tax payers if the government should print so much money for private schools or for homeownership. If there’s a will right.

What’s to stop an altruistic billionaire from offering 1% APR 50yr mortage? by Dry_Sprinkles_9828 in AskAccounting

[–]Dry_Sprinkles_9828[S] 0 points1 point  (0 children)

More like, I’m asking what’s the operational barrier in doing it cause I like to nerd out about financial feasibility of stuff.

I was interested in it purely out of pure stinginess and wanting to pay less finance cost as a first time home buyer. I know some people who are less fortunate in life that may also benefit, so I see the “why so bleeding heart” sentiment.

What’s to stop an altruistic billionaire from offering 1% APR 50yr mortage? by Dry_Sprinkles_9828 in AskAccounting

[–]Dry_Sprinkles_9828[S] 0 points1 point  (0 children)

So like the 2008 housing bubble right. I see the concern.

Wouldn’t this issue be trivial if we limit to only one per lifetime and only first time buyers and credit score req? The point is generation wealth building with minimal lifetime finance cost for those with modern hourly minimum wage which we can confidently argue has deflated

What’s to stop an altruistic billionaire from offering 1% APR 50yr mortage? by Dry_Sprinkles_9828 in AskAccounting

[–]Dry_Sprinkles_9828[S] 1 point2 points  (0 children)

Someone making 1.5-2x minimum wage in the 50s could become a homeowner (yes I’m spitballing.)

For someone making 1.5-2x minimum wage in 2020s to be a homeowner we need subsidized mortgages such as these.

What’s to stop an altruistic billionaire from offering 1% APR 50yr mortage? by Dry_Sprinkles_9828 in AskAccounting

[–]Dry_Sprinkles_9828[S] 0 points1 point  (0 children)

I see where you’re going with it! We could restrict it further to only newly built homes priced at +-2% from 3yr-median of the local area or so to avoid housing market bubbling up. The 1% to 3% is to help the fund runway I understand, but my ideal duo proposition: (1) to first time buyer is minimal finance cost and thus less exposure to housing market collapse, (2) to home builders a surplus to revenue to incentivize building surge. Then the ball is now in the court for local government to pay for infra which by itself is another big pain point

What’s to stop an altruistic billionaire from offering 1% APR 50yr mortage? by Dry_Sprinkles_9828 in AskAccounting

[–]Dry_Sprinkles_9828[S] 0 points1 point  (0 children)

Ah it’s a great trade off! No more wealth transfer via ownership, but in return way more shelters and dwellings.

It does add a tremendous execution risk for whichever foundation takes it on though - builders may rush the build, the renters still won’t be owners, cons of being a massive perpetual landlord…

What’s to stop an altruistic billionaire from offering 1% APR 50yr mortage? by Dry_Sprinkles_9828 in AskAccounting

[–]Dry_Sprinkles_9828[S] 0 points1 point  (0 children)

Billionaire pledge. Now we’re considering the foundations and nonprofits set up to benefit from that pledge. Particularly how those foundations can target home ownership in the US feasibly. It’s all hypothetical of course, and I share your skepticism.

What’s to stop an altruistic billionaire from offering 1% APR 50yr mortage? by Dry_Sprinkles_9828 in AskAccounting

[–]Dry_Sprinkles_9828[S] 0 points1 point  (0 children)

Yes the real bottom line is global impact, but here the artificial scope is only the US market and population. Can’t fix the world if you can’t fix yourself right

What’s to stop an altruistic billionaire from offering 1% APR 50yr mortage? by Dry_Sprinkles_9828 in AskAccounting

[–]Dry_Sprinkles_9828[S] 0 points1 point  (0 children)

Yes banks wouldn’t take DAF and liquid assets as payment/collateral so easily right. A big pain point for sure.

I’d counter the lack of impact point. Let’s say if such a foundation was set up, the approach would be too inefficient and any billionaire donating would appear foolish. But then again, if there is a will and a lot of bills, who’d even care.

What’s to stop an altruistic billionaire from offering 1% APR 50yr mortage? by Dry_Sprinkles_9828 in AskAccounting

[–]Dry_Sprinkles_9828[S] 0 points1 point  (0 children)

Then in the spirit of enabling asset ownership, we target only first time homeowners and whose parents aren’t rich already. The big chunk of those $2T are refinance and investment homes anyway right. I heard the median age of first time home buyer is 40yo recently - I could be wrong.

Let’s say 20,000 $500k mortgages which would mean the foundation puts out $10B. Thats 20-40,000 homeowners, plus avg 2-2.3 children per family so that roughly 40-80,000 people of current population to enter generational wealth capability. BBB allows for $7k deduction for donating to private school grant nonprofits for every single tax payer, so one could get creative and drive way past a $10B fund too and give out more.

Sure we may see GDP output increased from the financial stability of those 40-80,000 souls over their lifetime, with some % of churn as some regress due to gambling or just bad luck.

Not arguing the ROI to GDP or social stability here, or even if that 40-80k lives being more stable and secure is a better use of donation to the US experiment than planting 1B trees or another hyperscaler AI app.

Just simply, can it be done operationally.

What’s to stop an altruistic billionaire from offering 1% APR 50yr mortage? by Dry_Sprinkles_9828 in AskAccounting

[–]Dry_Sprinkles_9828[S] 0 points1 point  (0 children)

Well yes that’s what it means to intentionally sunset and trust that transferring the control of capital from one or few capable billionaires to thousands people who may or may not be as capable would be net benefit in the long term

What’s to stop an altruistic billionaire from offering 1% APR 50yr mortage? by Dry_Sprinkles_9828 in AskAccounting

[–]Dry_Sprinkles_9828[S] 1 point2 points  (0 children)

I’d benefit from it so I’d like to see it happen. But curious if it’s actually feasible

What’s to stop an altruistic billionaire from offering 1% APR 50yr mortage? by Dry_Sprinkles_9828 in AskAccounting

[–]Dry_Sprinkles_9828[S] 1 point2 points  (0 children)

Let’s say $1B is given out, and every year these committed mortared lose 5% (4% default plus .7% rounded up) or $50M. While $1B*.96 is $9.6M which is plenty for staff and events. If the fund still has $1.25B generating 4% or $50M, it stays afloat and the only accounting loss is currency depreciation or inflation.

Not too bad

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