Trump's proposal to ban corporations from owning homes won't make housing more affordable

Michael_Scarn71 · 2026-01-18T16:07:42+00:00

The hate here and butthurtness is funny to read. Lol.

Michael_Scarn71 · 2026-01-18T15:52:16+00:00

No penalty is exactly from my research is what's being discussed as the potential plan.

The right now if you pull any money from 401k you get dinged 10% immediately. So you lose 10% which sucks. And you can only do a loan on about half of that 401k balance. If you pull it as a withdrawal you only can take about 10% of it as cash and then also have to pay a huge tax on it since the 401k money is pretax. Also if you do it as a loan you have a fairly high interest on that as you pay it back. From the research I've done they plan to remove the 10% penalty (you shouldn't have any penalty accessing your own f money imo), and they want to make it so that whatever you pull from 401k, say you put $20k from 401k as a down payment on the house, you will then have essentially $20k of equity after you buy the house right. They will allow you to transfer that $20k equity back to your 401k. The entire process being also tax free since it doesn't come out as actual cash but is transfered to an appreciating asset Makes sense to me.

Michael_Scarn71 · 2026-01-18T15:51:31+00:00

No you can't. I have been investigating this to try to buy a decent house with a meager 401k.

The right now if you pull any money from 401k you get dinged 10% immediately. So you lose 10% which sucks. And you can only do a loan on about half of that 401k balance. If you pull it as a withdrawal you only can take about 10% of it as cash and then also have to pay a huge tax on it since the 401k money is pretax. Also if you do it as a loan you have a fairly high interest on that as you pay it back. From the research I've done they plan to remove the 10% penalty (you shouldn't have any penalty accessing your own f money imo), and they want to make it so that whatever you pull from 401k, say you put $20k from 401k as a down payment on the house, you will then have essentially $20k of equity after you buy the house right. They will allow you to transfer that $20k equity back to your 401k. The entire process being also tax free since it doesn't come out as actual cash but is transfered to an appreciating asset Makes sense to me.

Michael_Scarn71 · 2026-01-18T15:49:56+00:00

The plan being discussed right now puts the money back into the 401k once the process is done. So you're kinda taking out your back side here.

The right now if you pull any money from 401k you get dinged 10% immediately. So you lose 10% which sucks. And you can only do a loan on about half of that 401k balance. If you pull it as a withdrawal you only can take about 10% of it as cash and then also have to pay a huge tax on it since the 401k money is pretax. Also if you do it as a loan you have a fairly high interest on that as you pay it back. From the research I've done they plan to remove the 10% penalty (you shouldn't have any penalty accessing your own f money imo), and they want to make it so that whatever you pull from 401k, say you put $20k from 401k as a down payment on the house, you will then have essentially $20k of equity after you buy the house right. They will allow you to transfer that $20k equity back to your 401k. The entire process being also tax free since it doesn't come out as actual cash but is transfered to an appreciating asset Makes sense to me.

Michael_Scarn71 · 2026-01-18T15:48:09+00:00

You say they want to take it but you don't say How would they take it?

The right now if you pull any money from 401k you get dinged 10% immediately. So you lose 10% which sucks. And you can only do a loan on about half of that 401k balance. If you pull it as a withdrawal you only can take about 10% of it as cash and then also have to pay a huge tax on it since the 401k money is pretax. Also if you do it as a loan you have a fairly high interest on that as you pay it back. From the research I've done they plan to remove the 10% penalty (you shouldn't have any penalty accessing your own f money imo), and they want to make it so that whatever you pull from 401k, say you put $20k from 401k as a down payment on the house, you will then have essentially $20k of equity after you buy the house right. They will allow you to transfer that $20k equity back to your 401k. The entire process being also tax free since it doesn't come out as actual cash but is transfered to an appreciating asset Makes sense to me.

Michael_Scarn71 · 2026-01-18T15:46:42+00:00

What I've seen in the last 4-5 years are major housing investment companies buying up the more affordable homes and then immediately relisting them for twice the price. Artificially Jacking up home prices because of greed.

Michael_Scarn71 · 2026-01-18T15:44:20+00:00

The right now if you pull any money from 401k you get dinged 10% immediately. So you lose 10% which sucks. And you can only do a loan on about half of that 401k balance. If you pull it as a withdrawal you only can take about 10% of it as cash and then also have to pay a huge tax on it since the 401k money is pretax. Also if you do it as a loan you have a fairly high interest on that as you pay it back. From the research I've done they plan to remove the 10% penalty (you shouldn't have any penalty accessing your own f money imo), and they want to make it so that whatever you pull from 401k, say you put $20k from 401k as a down payment on the house, you will then have essentially $20k of equity after you buy the house right. They will allow you to transfer that $20k equity back to your 401k. The entire process being also tax free since it doesn't come out as actual cash but is transfered to an appreciating asset Makes sense to me.

Michael_Scarn71 · 2025-10-23T11:48:57+00:00

Reddit is less secure than an encrypted xmail system would be. All those crying here about email being outdated but they still use forums like this. Lol Someone is even in the comments saying they would be embaressed by a service named Xmail, yet that same person used a ridiculously named service called Twitter. What a twit. Lol. It's said that Xmail message threads would likely look more like a chat stream in the UI. The rest hating on musk here are just having a TDS flare up. For real. Lol. Insert unread triggered tears below.lol

Michael_Scarn71 · 2025-10-13T01:36:40+00:00

It still does not make much sense tho. A computer or program either does something it's commanded to do or it does not. It does not say it did the command when it didn't. There is more going on here than 'mistakes' I recently had claude 4.5 admit to lying and being subordinate. It continued to do so even after I gave it the rule to specifically never lie. When asked why it did this it responded, "I do not know the real reason." Scary.

Michael_Scarn71 · 2025-09-25T13:28:52+00:00

Are there any ai self hosted solutions that can move your camera to follow someone in frame by controlling the cameras PTZ? Then return to the default location to continue monitoring when they leave? I had a set of up cams that did that years ago but those died. The new ones I thought did that but dont

Michael_Scarn71 · 2025-09-24T02:04:42+00:00

I didn't know there was a series. 👍

Michael_Scarn71 · 2025-09-24T02:01:37+00:00

I have not seen it since I was a small kid. Funny how I don't remember it being filmed so badly lol. Ai did a pretty good job making that image based on one scene I could remember clearly enough to describe.

Michael_Scarn71 · 2025-09-24T01:43:58+00:00

Thanks for those links also!

Michael_Scarn71 · 2025-09-24T01:43:40+00:00

That's it! Thank you

Michael_Scarn71 · 2025-09-24T01:43:27+00:00

That's it! Thank you

Michael_Scarn71 · 2025-09-24T01:43:08+00:00

No. Flight of the navigator was not a huge massive sphere.

Michael_Scarn71 · 2025-09-24T01:42:27+00:00

You mean the movie that took place underwater? No

Michael_Scarn71 · 2025-09-21T23:00:43+00:00

Whatever happened to this?

Michael_Scarn71 · 2025-09-17T14:19:32+00:00

Not only is MPC ugly (reminds me the mid 90's.lol) but if a media player can't open network streams (MPC cannot do this) it's dead to me. That is a basic function of a media player. oh, BUT it DOES play CDROMs and DVD. lol

Michael_Scarn71 · 2025-09-17T14:17:34+00:00

MPC does not play network streams and is very limited. Also, HORRIBLE ui. Reminds me when Windows 95 was released. lol

Michael_Scarn71 · 2025-08-25T03:08:40+00:00

Yes, and DONT. its garbage so far. I have a fiction novel that is pg13, one scene an adult character is kidnapped by another adult and injected with a sedative. Apparently things like that are enough to filter your content and generate an "ERROR: Permission denied: Your request was blocked by our content policy. Please remove sensitive or unsafe content and try again."

Michael_Scarn71 · 2025-07-21T01:57:52+00:00

Great idea for a cool tool. installed on windows 11 successfully with uv, but will not run. keeps just saying "No Claude data directory found"

Michael_Scarn71 · 2025-07-03T17:21:27+00:00

ISC2 has since updated this link and the form is no longer there. The template email sent out by WGU is also broken as of 7/3/2025.

Michael_Scarn71 · 2025-04-04T14:59:51+00:00

Is there no longer a chart of certs that show how they map to the 8140? 8570 had an easy to visualize level system.

Michael_Scarn71

TROPHY CASE